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THE DAILY ALPHA♻️
Recorded: June 6, 2025 Duration: 1:16:10Space Recording
Short Summary
In a dynamic crypto landscape, the Daily Alpha and Foundry are ramping up their initiatives, while Bitcoin's resilience amidst market fluctuations showcases its growing adoption as a hedge against inflation. The recent Circle IPO and the launch of new stablecoins further emphasize the sector's potential for growth.
Full Transcription
Thank you. What is up? What is up? TGIF. Thank God it's Friday. Thank God Trump and Elon are on the
timeline today because I created a massive capitulation yesterday. But we appreciate
you guys stopping by the daily alpha. Of course, we typically host a space Tuesday through Saturday.
Our new start time's at 11.
So if you guys could like and repost a space just to get visibility out.
Everybody know that we're here.
We didn't quit.
We didn't burn out.
We didn't leave.
We're here.
We're building.
We're continuing to do our thing over at the Daily Alpha and also at the Foundry.
And if you guys are interested in any of that, you guys can always DM me.
And I can hop on a call and we can just discuss what we're building at both sides of this domino.
So we appreciate you guys.
Got Allison straight up top.
If you guys want to give that a like, a refollow, just a post.
That's everything we discussed on the show yesterday.
That is kind of the alpha.
You know, if you did miss the show it's obviously recorded but if you are not someone that wants to listen to a show at 2x speed you can always just read
her thread it's very concise it's broke down has the links there so you haven't missed the beat yet
just go back there lock back in and you're good to go. Trill's up here. Chief loves to plan his plane
departures right around the show, so he does have to show up, so he's here, but he's traveling,
bro. He's going to have bad reception. He's in Mexico. That's just fucking shitty-ass Wi-Fi,
so we have Trill up here. We're going to have Chief up here in a little bit once he gets
situated with his bags, and he's in transit, so he has a good connection.
But we're here.
We're rocking it.
And, of course, Elon shut the fuck up.
So did Trump.
And that made the market definitely capitulate yesterday, guys.
It was not a great situation.
We had Tesla basically sell off 14%. A lot of it had to do with some of the stuff that
was in the bill that basically took out like i guess subsidies for ev car making manufacturing
and obviously you know him calling trump a grifter and are just saying he wouldn't have
gotten elected it was just bad bad bad for. Obviously, it seemed like they kind of made up last night and Trump and kind of Elon was playing into it.
And so you kind of look at that as something that kind of shows immaturity in the market
and a lot of people just selling for just some no good goddamn reason. And really,
it kind of felt like it was manipulated. The charts definitely
looked a little heated and definitely a lot of longs were taken out. You see James Wynn was
continuing the long. And obviously, these exchanges that do these perpetual trading,
they have to make money too. And they're not going to let you get away with putting a 20X long at
104K and let you get away with it. So the market, the Coinbase, the DEXs, the SEXs,
no way to dump the market to get out of it.
It's on the order books so they can continue to go higher.
And I mean, this doesn't stop.
This is like Bitcoin's moment.
We're having nonstop news announcements of Bitcoin being acquired.
We're basically printing more and more money.
Trump wants to get rid of the debt ceiling. Do you guys think a little Twitter rant for 24 hours
is really going to stop this fucking train of this mass adoption of why Bitcoin is here?
You have Elon Musk touting it as like, okay, well, if they're going to print more dollars
and they're going to continue to spend, well well people are going to have to basically get into assets that have scarcity and this is ultimately what bitcoin was made of and so you
see the rebound today we went down to 101k and now we're back to 105 there's nothing that's stopping
this train this is all what it's about this is what bitcoin is built for and so if you were scared
out and you capitulated yesterday ggs if you took a long out and had some balls uh ggs you're up uh and that was just like i just see bitcoin just becoming more and more
relevant and why are what are you gonna what are you gonna stable up what are you gonna put in cash
while they print an extra 10 billion dollars worth of money like come on guys like this is
the pretty much the only option and yes it might be might be short, short-term pain. Maybe we go back down to 94K, but I still think we're in a bull market.
And I think like dips are for buying.
So it's all a lot of people selling.
Oh, we should have sell in May and go away.
Oh, I can't believe I fell for it.
Well, yeah, go sell in May, go, go get your cash, go, go deposit in your bank account.
And then let the federal Reserve print another $10
billion. So your $20,000 of cash just turns into $18,000 of spendable money. So yeah, if you don't
have any Bitcoin on your balance sheet, I think you're just lost and you're just not understanding
exactly what's about to happen with our economy. It's about to blow the fuck up. People are in debt
and people all across the world, big hedge funds, big money markets
are all investing in Bitcoin.
And then you want to get mad and fucking capitulate on a few tweets from Elon and Trump.
Like GG's to you.
If you sold yesterday, that was like a perfect buying opportunity, a perfect long taken around
101K.
You would have been up like 20, what is it?
I don't know how many 15 5 or something on your
trade if you took a long out last night so you want to buy this unorganic fud you want to buy
manipulation in the chart and that's what we saw yesterday so english what's up brother how we doing
yo yo yo yeah i don't know man you know so like obviously like i love bitcoin and i think bitcoin
goes to a million dollars one day um I think that's probably in the card.
So stack it.
You can think of Michael Saylor.
Okay, well, this downside for one year, I don't really care about it.
It's a blip if you're holding long term.
But I think these things really just go to show you.
At some point, people want Bitcoin right now because price is going up,
but price will go down at some
point, you know, whether that's in a year or something and maybe go down for a year,
you know, go towards the 200, you know, weekly moving average. That's roughly around 40, 50,000.
It just becomes less of attractive. And then all your alts go down and all this other stuff. So
like, yes, I think I am, well, I am directionally bullish for the rest of the year. And I think price goes up.
But I think that narrative, like, we always think, like, that's exactly how it felt, like, in 2021.
Like, oh, crypto is just going to go up forever.
And, like, Bitcoin is going to go up forever.
And, like, there are drawdowns.
And, like, that was, like, a minor thing, just two people arguing, obviously, two very powerful people.
But I don't know like just so you can
see how how good it feels like at the top like it feels shitty being down and i think we're closer
to the end of the cycle i don't know i hear people talk about cycles and then like oh last cycle
you know um far coin went to like two and a half you know like oh so what are you talking about
like last year like i i don't know man i'm a traditional person you know like okay you know 2021 was the top this is going to be the top you know we'll
have a year of downturn maybe that changes a little bit maybe it moves around like six months
plus or minus but um i don't know i i think like i was listening to trader main yesterday and
and a couple of other traders that and like they've taken their profits it's a it's like
what are we waiting for like 50 more move on like bitcoin like he's like their profits. It's like, what are we waiting for? Like 50% more move on like Bitcoin.
Like he's like, I bought like it's at $20,000.
Like I've been in here for a while.
And like, I think the counter to your point, like I actually agree with the majority of
your point.
But I just think it's important to stay balanced.
It's like if you've been here since the bear grinding and, you know, you've made multiples
on trading NFTs, meme coins, whatever you had, you know, I don't know, Solana between 20 and $40.
You've been buying the majority, maybe 60, 80.
There's something to be said for having a good amount of cash when there is blood.
Like, I don't consider yesterday blood.
You know, we're talking about, like, people kind of freaking out and stuff.
And just, you know, if you've put in a lot of work, it sucks to round trip the
majority of it and then not have capital on the sideline to really buy. Cause that's when the
money's made. It's like, you know, when you're flipping houses or when you're buying anything,
the profit's not really when you sell the profits, when you buy, like what's your entry. So,
you know, I'm not countering your argument. I just think it's important to have like a balance
take. Like this is, this is the end man.. Like this is like the last things and maybe there's more gains to be had here
than in all of the three years or whatever, however you want to slice it. Like there's
ways to look at it. But, um, but I do feel like, you know, what do we have left? You know, six
months, eight months. Um, and then we'll see what, you know, um, a bear market will look like and
in what I guess form that comes so um i i just just that's
that's how i'm thinking about things at least i mean i i see some of the most veteran people just
not even sure like what's even happening like one tweet from an influential person kind of collapses
the market we're doing stuff different than any other cycle so these other traders like oh i've
been here for a while this cycle's topped oh look Oh, look, the past cycle, 18 months, this and that. I just don't see
anybody that has a strong grasp of what's going to happen next. No one knows when the capitulation
moment's going to be. No one knows when it's going to happen. But right now, we're in a different
kind of market and a different bull market than we have been the past four or five years. And
that's kind of why people are just like weary and why everybody's like so quick to stable up and call doomsday because we're just like it's musical
chairs the music stops there's like oh it stops and then it starts again and it's just like one
tweet away one one macro event away one headline from somebody and we go down or we go
up so i think just people are just waiting what is going to be the gasoline and what is going to be kind of the capitulation moment in this whole cycle.
And it just makes people unwary because all it takes is like one headline for it to do it.
And so that makes it kind of make it feel like a very immature market still.
And yeah, I mean, here's how I look at it is like you can you can play with so many variables.
And if you play with every single variable, you have no roadmap for it. So to me, in my mind, you either have to say the four-year cycles in play or it's not.
Some things are off timing wise, but, you know, I've seen people like analysts and I think it lines up fairly well.
It's like that, although like we've front ran and then delayed, you know, certain pivot points that we thought were going to be like mile markers, like in this journey that, you know, people can reference to kind of gauge where you're at.
Like the four year cycle kind of balances itself out.
So until we prove that there's not four year cycles, like I'm going to assume there's four year. And like I'm going to just assume that this is going to be the year of the most exponential growth.
And next year is going to be that one year of downturn.
And then it takes a little bit of a while.
Like the reality is like you could have bought Bitcoin at $65,000, you know, four years ago.
And like a month ago, you would have only been up $10,000 on your thing.
And that's four years of opportunity cost, right? So buying at
the top does get a little bit more dangerous. I'm not saying you can't play it, you can't do it. I
just think that being mindful that we are basically 5% down from all-time highs ever on Bitcoin
doesn't seem like the most risk reward. When I hear people just bullposting, you know how bullish
I've been on Bitcoin, and I continue to be long-term, reward. Like when I hear people just bullposting, like, you know how bullish I've been on Bitcoin
and I continue to be long-term, obviously.
But like, you know, when I hear people like Pio
just bullposting at 110,
like, yeah, that makes sense on Bitcoin Twitter
because that's what they talk about.
They talk about 10 year, 20 year horizons, DCA,
you know, they're having your cash flows,
switching over your 401k to Bitcoin.
Like that's what you hear.
And that makes a lot of
sense in that context. We're in crypto Twitter, where people are looking for outsized gains.
People have put in work listening to these alpha shows, doing whatever, airdrop farming,
putting out there. And I'd like to think if you stayed here and you're still listening to this
type of show, you've probably built up somewhat decent bag or trying to make it there. And at
some point, at some point, the music stops, whether that's for a whole year, for
six months or whatever.
And when that happens, it's just good to have some cash on the side is all I'm saying.
Yeah.
Short term, good to have cash on the side, taking profits.
But the long term growth of Bitcoin and what it's used for is never been more relevant
than it has for sure
so it's like if you have five ten year uh horizons like this coin is going so much
fucking higher yes you us as kind of not whales shrimps uh nobodies we obviously want to have
cash so we can continue to be are you adding are you adding to your bitcoin position here
like even if you're not selling are you adding to your bitcoin position here? Like, even if you're not selling, are you adding to your Bitcoin position near all-time highs?
Well, I always have, like, a $10 DCA every week.
Yeah, that's different.
I think a DCA is different.
It's been ever since I came in here, I had a Swan Bitcoin account, and it takes $10 out every fucking day or every week.
I mean, like, if you make a play and you make $3,000 from Laudio, are you dumping it into Bitcoin?
No, no, no.
Obviously. Obviously not. make a play and you make three thousand dollars from loudio are you dumping it into bitcoin no no no obviously obviously not and i think that's kind of we're getting back to the fundamentals and i was kind of uh this guy at the gym um he started asking me he's like the only guy at the
gym ever talks to me um and he was just like interested because he heard i was in crypto he's
like i was listening to this podcast and what should i invest in what do you know i kind of
i kind of filled him on crypto and like how you need to have at least a little
bit of it.
I think in the 2021, 22 cycle, and even recently this cycle, a lot of people came on board
and went straight into meme coins and they got wrecked.
I think with kind of this cycle, like what we're doing right now, like when new people
come in and ask questions, I think it's pretty safe to say
to steer them towards Bitcoin.
And I feel like when the new class comes in,
they're going to be understanding Bitcoin better.
And I feel like that's a better,
like a better foundation to build on top of
than telling people straight to go
towards the meme coins or the NFTs.
So I feel like the new people that are just finding out
about this, listening to the podcast
or seeing the grocery on the TV,
like for me, when I suggest things,
I'm not saying like, go get an NFT's,
go get into like Solana to go into Sui.
I'm telling them just to buy Bitcoin
because I know that's the safest thing.
And then they're going to do the research
and understand what Bitcoin is.
And then that creates a better foundation going forward
instead of everybody having their first experience
getting wrecked on meme coins.
So, I mean, I mean, that's the correct answer
at any point in the cycle, whether you're like at the lows or the highs somebody asked you about
it was sexy to go right into like the the money you know the hundred thousand x the past previous
cycle everybody's like and they they will they will if that's what they're looking for everybody's
looking for something different right like some people that are just looking for the most return
on average like what is it like 50 you know, like if it's smoothed
out over, you know, five years or whatever on Bitcoin or four years, like that's like, that's
a pretty fucking good gain, you know? So like, I think that, but like anytime a normie asks you,
you're going to say, Hey, listen, you know, buy some Bitcoin because you don't want them to get,
because the majority of people here lose. But like, you know, again, when I hear people like
also spit that thing that so many people are losing, like I would like to
think that the majority of people that have been here for since 2017, 2021, they're kind of winning.
Obviously, some people get wrecked from time to time or whatever. But like if you're in here for
a while, like you're probably winning to some degree, right? And so like, I think we're the
people like we're the people that want to do that. And there'll be a few people that come in
and do that. But there's there a few people that come in and do that.
But there's a lot of risk to that.
Yeah, I agree.
I mean, just like looking at metrics in general, we had the M2 money supply, which we've been tracking since the capitulation moment at 77K and kind of running this, hit an all-time high, $21 trillion.
The U.S. just printed an all-time high in M2 money supply, surpassing the March 2022 peak.
This means more dollars entering the system, fueling inflation, and asset debasement.
This is bullish for Bitcoin and crypto because Bitcoin was designed for a hedge against endless money printing.
So the thesis, we have silver soars to an all-time high price, higher than the past 13 higher than the past 13 years so we see the gold
run up and now we're seeing silver you don't think bitcoin's gonna go up as a better
it's basically digital gold if silver is soaring to 13 years high do you not think bitcoin's gonna
follow and it's following the m2 money supply and we just printed more of that and then i think it
long long term it makes sense that it flips like actual gold, like as crazy as that sounds or whatever.
But like as more generations, assuming Bitcoin survives, like I don't think that that's 100% guaranteed.
So like I don't think there's anything guaranteed.
I think literally anything could happen.
But assuming Bitcoin keeps on the trajectory and the adoption and as more generations come and just to have like it'll just make way more sense.
Like for thousands of years, gold made sense because we were living in a physical world. Like this digital world is
relatively new. I'd say probably, you know, the advent of like 2010 to a certain extent. Like,
yeah, like there was like online and with the things, but like, it wasn't the same. Like once
social media and, you know, your iPhone had capable of like certain apps, like that's like
when the digital world came, right around when Bitcoin.
And as that progresses, having money where you can just send it
and not have to carry it with you.
So I think long-term, if Bitcoin survives 100 years or whatever,
I think it makes sense that it flips digital gold.
I mean, I think that's pretty intuitive. I don't know.
Yeah, I mean, just like we're talking short-term. Do you think we're going back to 77k if silver's hitting all-time high
like people are looking for scarcity i think next year we'll probably see 50 000 bitcoin
you think so all right yeah i mean here i look look i i don't know man who the fuck knows bro
like nobody knows i don't know nobody nobody would be rich if we knew, right? I know.
But every single time that there's been a bear market,
Bitcoin has brushed up against the 200 weekly moving average.
So if we are so bullish because we're talking about cycles,
like why are you bullish of cycles?
Like why did you buy in 2022 when shit was really bad?
It's like, oh, well, this is the bear.
So the bull is going to come and we're going. So if you're using that as a metric, you can't just throw it away all of a sudden when
prices are super high. Like, oh, like there's not these cycles. You bought with the idea,
even though FTX happened, even though people were shitting on crypto, all of a sudden you were
embarrassed to be in crypto. You bought because you believed. And now it's turning out to be true.
But the converse is that like it waxes and wanes. And so if I'm going by four-year cycles, unless there's no more four-year cycles
and Bitcoin breaks away from crypto, which is possible, but the institutional,
government's picking it up, anything is possible. But I can't go by every single variables. I have
to have some constants. So to me, the most logical thing is until it actually happens, assume that nothing else has changed. And so if we've brushed up against the 200 weekly,
I think that that's kind of intuitive. I talk to people who are miners, you know, ASICS
over there with Hashleens, he agrees as well. You know, just certain people that have been in
Bitcoin and follow its fundamentals. And I don't think for the remainder of this cycle, I don't think we go below April lows, which were 74, 75.
I think Q3, Q4, we have our blow off top, hopefully.
And then at some point, whether it's a recession, whether it's whatever else happens, some other bullshit, some actual black swan event, you know, in terms of like financial markets, whatever the case may be, when that fear happens, people will go down to that
psychological level and there'll be support there because there'll be people who believe
in Bitcoin.
But we saw right now with just two people tweeting, it go down to certain levels that
were predictable, you know, in terms of where there's buying pressure at the very least.
And I think when people are kind of scared and want to get rid of assets because price is going
down, like it's easy to get caught up how bad you want the asset when the price is going up.
But when you see it going down and you see your bank account keep going down and down and down
or your crypto account, it becomes a lot less desirable. Yeah. I mean, I think the big reason why we see platinum hit an all time high silver
hitting all time is because,
the U S state's treasury,
just bought 10 billion in its own debt.
This is the largest treasury buyback in history.
So the kind of the cat's out of the bag guys,
like they're,
they're,
they're going to continue to print more money.
It's going to,
it's going to make the D,
the dollar weekend.
And they're going to have to print more money. It's going to make the dollar weaken. And they're going to have to basically buy back their debt to keep the interest rates from going parabolic.
And then obviously, I think when you're going to add gasoline to this is what Trump suggested earlier this morning is Jerome Powell needs to cut rates.
And he was basically saying that he wants a 100 point deduction. And this is going to
basically add gasoline to the fire. He's basically stating that we've had interest
rates just cut again in Europe. India just cut rates again. And I think if we're looking at
the next way that we're going to make money in this market, I feel like it's rate cuts.
And maybe something conversation had between him and last week and on Monday, Jerome Powell is stone face at a lot of
these meetings. Maybe he surprises us. And maybe there is some kind of interest rate that happens
on the 18th of June. And that's kind of how we see this blow off top this summer to 133k, because
I think we're holding up pretty steady. We've had a lot of turbulence the past two weeks,
and we stayed above 100k. We've had China, FUD, we've had Elon and Trump FUD. We've had a lot of FUD and we're still at 105k.
So I think it's just a series of good macro events to kind of push us above this all-time high. And
then everybody forgets and everybody's punching themselves in the face why they didn't buy at
100k because now it's at 120k. So it's just, it's very interesting.
And I think also what kind of added to maybe the V-shaped recovery was just kind of US
economy adds 139,000 jobs in May above expectations was 126.
The unemployment rate was 4.2 in line with expectations of 4.2.
So no FUD there.
We didn't really have any FUD when it comes to jobs.
And so I feel like if we're just talking short term, we're talking about this summer.
We have all the indicators of things that are in scarce, silver, gold, platinum, all continue to hit all time high.
M2 money supply continue to go all time high. All we need is some rate cuts at this point.
And we're going back and we're breaking all time high, in my opinion.
So I don't think the musical chairs were stopped.
Yesterday was a capitulation moment just because of FUD.
It was an obvious buying opportunity.
But I still think if we're looking into July, August, I see higher than now.
I see higher than all-time highs.
And that's just kind of my thesis and just kind of looking around.
And obviously, them printing more money and then buying back their debt means that it's going to weaken the dollar,
which is also a thesis of why Bitcoin should be bought.
It's because, you know, the dollar goes down, Bitcoin goes up.
So Speed Racer, what's up, brother?
You're a good macro guy.
What's your kind of thoughts on the whole fucking market, my guy?
It just came up.
I saw English was up here.
I knew it.
I was like, oh, fuck Speed.
I was like, this mother's up here i was like this
mother i've been fucking with him in the in the timeline every time he bullposts all in good fun
yeah for sure bro yeah no it's it's it's interesting i mean there's just so many moving
parts in this market right now but in general you know still the pain trade's higher i mean
there's 14 trillion dollars sitting in sidelines that missed this entire move and so there's there's
hedge funds and and a lot
of people around the globe that are saying, well, where can I make up that lost time? Because
remember, as a money manager, you got to go to your clients every quarter and you send out these
little statements and you're paying them money to manage your money. And now you see the markets up
like, say 5%, 3%, and you're down 5% or 8%.
You're going to be saying, wait a minute, why couldn't I just bought the S&P 500?
Why am I paying you?
And so now these hedge funds and these market, you know, these financial people have to go
and say, okay, well, what can I get in that's going to give me that extra, you know, extra
micro strategy.
Yeah.
I mean, well, just look at Bitcoin.
Look at Robinhood.
Look at Circle.
I mean, Circle has just gone insane off this launch.
I mean, it's just crazy.
I mean, it's $114.
They priced it at $31.
I mean, you look at Palantir.
You look at MetaPlanet.
I mean, there's a lot of different ways that the momentum trade is higher.
And the retail people have been right about buying the dip.
At some point, they won't be.
But when you give retail money, they're going to go spend it.
And they're not going to buy Pepsi.
They're not buying 3M.
They're not buying these boring companies.
They're going and they're going to go buy Robinhood.
They're going to buy Bitcoin.
They're going to buy MicroStrategy.
They're going to buy this Circle Release.
They're going to buy AI.
And so I just think it's one of those situations where it continues to perpetuate that notion
that the paint trade is still higher.
Yes, there will be market making events like yesterday.
There was no reason the market should sell off yesterday besides just market makers saying, hey, here's our chance.
There's not going to be buyers.
Let's move this market lower.
lower, and they were able to do it. So again, I think the news yesterday that got no attention
And they were able to do it.
was Trump and President Xi agreed to meet and move things forward when it comes to this China
trade deal. And to be honest, that was probably the biggest trade deal that has to be met.
I think everybody's in the belief that there will be trade deals with all of these countries
and some degree of tariff.
But I think ultimately, we're kind of in this middle ground here. Normally, it's kind of a
sell in May and go away. But if markets are flat to down, typically, people are going to need to
be trying to find some sort of return. So there will still be some trading that's happening over
the summer months. Was the IPO of Circle kind of unexpected? It just kind of seems like anything
that has crypto exposure to it seems to be going parabolic.
Like, were people suspecting to get into $100 per share?
It was 25x oversubscribed.
I tried calling my broker.
There were no shares to be had.
And so it was just one of those situations when they listed it at $31.
Everyone's like, $31?
That's like $6, $7 billion market cap company.
And they're like, wait a minute here.
We have Heather, kind of it's comparable, who has no regulation in Asia, basically.
And Circle's been dealing with all of this regulation.
And they had $1.6 billion of revenue last year during a time when they were being blocked
every chance they had to
try to expand. And they're partnering with Coinbase and they're having to pay them a billion bucks at
the time for the last 24 months or last 12 months just to basically help distribute USDC. And so
there's going to be so many more avenues. But just think, MasterCard's a $500 billion company.
That's basically what these stablecoin companies are, right?
They're going to be the intermediary to finance at a much cheaper cost.
So I just think it's, you know, I don't know if this price is a good price.
I actually, I bought some yesterday and sold it today.
And nice 33% gain in a day.
I love that.
But you just don't know where the price is going to settle out,
but retail's in. And so now you have to kind of lump this one in with these retail trades
and watch it because the traders are going to be trying to scalp whenever they can.
Yeah, I think the crypto people weren't in this IPO and probably didn't buy. So I feel like our
circle IPO is when this Genesis Act gets passed with the stablecoin legislation.
I think that's crypto circle IPO for next week.
And I feel like a lot of people say, this is a great accomplishment.
Stablecoins are part of the government.
And then you're starting to see the integration into Uber, into all these things.
You saw the integration of Polygon or Polymarket into X, which a lot of that trading is done with stablecoins.
I feel like that is our, that's when you're just going to see the prices for Bitcoin and
crypto assets go up and even Ethereum go up.
That's our IPO moment, I feel like, because now that validifies and legitimizes what crypto
Now we got stablecoins.
Now this is the biggest bill that ever been passed in the government.
I see that as like an up and coming gasoline, other than rate cuts that could actually pump us to all-time highs as that bill being passed relatively soon.
I don't know if it's today or next week.
People don't realize even Starlink settles in stablecoins internationally.
There's tons of companies that settle in stablecoins because it's so much easier to move between markets that way.
Otherwise, you're having to go through so many banks and currency changes that they're just getting scraped on their potential earnings. So it is the way of
the future. And I think more and more, we'll continue to adopt it. And the US is back now,
USDC, basically. Yes, there'll be others. But Tether is going to try to get into the US market
as well. They already have established their market. So if you think about from a growth
perspective, there's a lot more potential growth, I would say, for USDC versus
Tether just because of the restrictions that USDC has had. Dude, the Trump stablecoin,
the USD1, I guess the World Liberty Finance is actually fucking killing it on Binance right now.
It's number two in volume on Binance, and it's actually going pretty crazy. It's an under-the-radar kind of coin that recently launched. I know they just did an airdrop to
World Liberty 5 stakers, but if you go look at the metrics, and I think it has a lot to do with
Binance just launched kind of initiative program with the World Liberty Finance. I think they're
giving out $1 million rewards to meme coins and stuff and adding USD USD one as kind of like the
liquidity layer there and it's really driving like the volume of that stable coin on Binance right
now so if you guys haven't seen the metrics go look at it that stable coin has recently released
and it's starting it's basically uh second just the tether on Binance's uh blockchain right now
so that's definitely something under the radar and Binance is heating up because of it so I know there's a lot of uh people that kind of fade binance in general but go look at
the dex volume on pancake swap it surpassed uniswap it's the leading decks uh on all blockchains
right now is because of this whole world liberty finance backing of this stablecoin uh giveaway on
binance dude so maybe people need to start looking over to binance i know it always gets faded on
this timeline but everybody's looking where you want to go for trade memes where you guys want to
go next go look at the dex volume on binance it's crazy right now but uh lord what's good brother
how we doing how's your day jbj uh great dude bitcoin up like nothing even happened it's like
elon and trump weren't even fighting everybody's out. And now look, we're so back. Imagine that.
No, I'm bullish, dude.
I'm just bullish.
I don't know.
I know like a lot of people are like, oh, June is a down month.
I don't know, bro.
I don't know, bro.
We're going to see.
But yeah, bullish day looking at 105 bit corns right now.
Do we think with all these kind of announcements of USDC being integrated into uber i guess they're talking about
it um like airbnb there's a bunch do you think there's some like smoke where like there wouldn't
be these announcements if they didn't think this genius act stablecoin bill is going to be passed
kind of bro right like yeah that part like it's just like i think we were talking about this a
couple weeks ago how like it's just gonna be be Bitcoin and USDC and people's bank accounts.
Right.
Like I just see that happening at some point.
and then there's too much news.
It's every,
everything is stable coins.
I don't know if you saw the clip of like the Bitcoin conference.
Somebody made like a super cut of them saying stable coins and that it was
ridiculous a thousand times,
bro.
But yeah,
stable coin summer,
I guess.
I don't know.
Did you see yeah did you see the new
stable coin l1 that's dropped by bifinex that launched that announced yesterday what no it's
called stable we've and it's uh a stable a stable chain backed by bifinex in usdto2 i think that is
the plasma state i guess that is backed by Tether.
I think it has something to do with that plasma.
But he said, did you know stablecoins now move more than Visa?
USDT alone settles over $100 billion daily.
However, the current infrastructure is volatile, costly, and fragmented.
Stable is here to change that.
New monetary layer is forming, and it's not denominational and local currency.
It's USDT.
Stable coins now power
defy emerging markets and border cross trades stable is purpose-built in a new financial reality
usdt is the native gas peer-to-peer usdt transfer usdto enables seamless cross-chain usd transfer
smart contracts run on stable coins apps can now offer gas ux gasless ux fiat ramps plug in natively throughout a guaranteed
enterprise length no bridges just seamless dollars so like when you're like oh you need gas oh here
here's some solana well now you can fucking use fucking tether for gas and now they built like
smart contracts on top of their programmable stable coin which is just another fucking
narrative of that stable coin season bro bro. Stablecoin summer. Something's happened with the Genesis bill, bro. It's just the top
of the mindshare, dude. We talked about Athena for a while, Jit, and we're like, what was our
bull case for Athena? It was because Saks and Chamath are big investors of it, and now Saks
is part of the AI and crypto. We athena is gonna go up and it
has and like i've been kind of positioning myself like how can we get involved in stable coins
because with a lot of this legislation getting passed i feel like it's just like rising in
mind share and there's not a lot of ways to get involved with stable coins it's just pegged to a
dollar so i've been trying to look at ways to get involved in shit yo athena is gonna it's gonna rip so fucking hard once we once like
ethereum finally makes its move like that's like the number in my opinion that's like the number
one token to be exposed to for all the stable coin upside like i like because like there's like
all the other stable coin like protocols like they only have like their uh like their the stablecoin
that that they have and like you go and farm and yield i know parina is also doing something on
solana i was firing that for a little bit but i stopped because i got lazy um and they're like i
don't know how i don't to be honest i'm not sure how they're gonna like do the token distribution
because they're like being really strict about not farming like you literally can't like if you do more than five
swaps on their protocol like i was taking like 15 bands and just going back and forth
if you do more than five swaps like those those swaps won't count towards like your farm volume
or whatever so kind of annoying but ina right now it's like just putting a bull div on like the
one hour to 12 hours so it's looking really good but i don't know we can still see i'm still like
you know expecting the worst but you know it's like my favorite it's one of my favorite tokens
going into the end of the year yeah i mean if you look at i don't know i haven't read the
fucking regulation of the bill and stuff but What I would imagine, it allows institutions and these moneymakers to now use stablecoins and earn yield.
So maybe looking at the protocol layer for like what are some of the top protocols that actually are the best at giving yield and stablecoin yield.
I mean, Curve makes sense.
Lulo.
Curve, yeah, Curve.
Athena, Frax, Convex, Uniswap maybe ando lido ave so i think like if you are maybe
positioning yourself with this genius act bill getting um passed maybe look at the infrastructure
plays of like okay now these institutions can play with stable coins where are they going to
put their money once they convert it into stable coins i feel like those protocols are probably the
top of the list and probably have a good chance of going up once they're kind of like talked about more so to be honest i think like getting
figuring out how to get exposure like i didn't know that there was so many like l1s that are
launching as just like stable coin rails i mean that's actually it it feels like it's going to be
very competitive right because you look at like tron and how much volume Tron has done and like how
much money, like, you know, that like whole ecosystem has like amassed.
It's like kind of interesting.
Like if, if, if some of these like stable coin,
like networks really take steam, you know, I'm like,
like I'm wondering like, well,
some of these native like state of stable core protocols on Ethereum and
Solana, will they like try to gain some exposure and move over to those other chains?
Are stablecoin chains now the new L2s?
Is this the new narrative?
Should we be chasing this?
You know what I'm saying?
There was an announcement about a month ago, actually, that didn't make a lot of news.
actually that didn't make a lot of news, but MasterCard actually partnered with MoonPay
to basically allow people to use MasterCard and use stable coins. And so it's going to be one of
those situations, depending on which jurisdiction people are in, is probably what stable coin that
they'll be able to use. And they'll be interacting and transacting on a regular basis with this,
because ultimately from a merchant perspective, if you're going to a small business and MasterCard is saying, hey, by the way, I can save you 3% on your bottom line because you're not having to pay banks for settlement.
And by the way, you're just going to get a stablecoin that was just adopted by the U.S. government to show good backing and have support.
I mean, that's going to grow like hotcakes in the small business sectors. And banking is obviously going to try to get in on this as well. That's why they want
this regulation so then they can start to interact and transact with it. They're doing some settlement
internationally, but it's going to be huge because again, it's just a no-brainer when you
think about how many people have to touch money to move money and the cost versus a stable coin, instant guaranteed settlement, because it's done
on blockchain, you know, you know, that it actually went through and it happens instantaneously. So
you're not having to wait for a couple days for a check or a credit card to clear to get your money.
So I think it's just a no brainer that, you know, this stuff is going to move forward. And to be honest, the stable coin bill probably be the only bill that'll have
bipartisan support all year when it comes to the United States. And they know that because
governments are buying less and less U.S. debt. And in order for the, you know, all these stable
coins are- They have to buy debt. They need to buy debt, exactly. And the short-term debt. So
ultimately it's going to help drive rates down, especially with increased adoption naturally.
And so it's just a win-win when it comes to this.
And I think the only reason why there was some people against it was because of this Trump company and them getting so involved with crypto.
Doesn't Tether own the second most U.S. debt behind China or some shit or Japan?
like the second most u.s debt behind like china or some shit or japan there's a lot the active
It's a lot.
buyers i think they're second but they're like 17th overall in in total held um and so they're
very big but as far as active buyers are concerned i think they're in the top five for sure when it
comes to people buying uh buying debt so like let's just say a stable coin like launches like
how much percentage of the U.S.
treasury debt will they think they have to hold for them to be like back one to one or then to
be regulated? You think it's like that much? Or do you think it's like a little bit less? Because
I mean, there's a stable coin is going to pop up everywhere. So they're going to have to have some
percentage of U.S. debt on their like backing it for the launch. I feel like it's part of like the
regulation. I feel like they'll need they'll needto-one backing for most of them. They'll need liquid, so they need to partner with somebody.
Tether actually has partnered with Cantor Fitzgerald, who happens to be, for people who
know that, that's Howard Lutnick and his company, who happens to be the Commerce Secretary now. So
they're kind of in bed with them. But I think there's only like 16 banks that have 24-7, 365 clearance of treasuries,
and they're one of them. And so these companies would need that because, again, you can't be
closed for part of the day if someone wants their money at three in the morning in your local time,
well, you have to give it to them. And that's the big issue that people had worries about with
stablecoins is, was it actually backed by what they're saying it is?
And so they need auditing firms and they need all this stuff for then people to adopt it.
But in the end, there's going to be only a few currencies, just like there is dollars around the world that people interact with on a regular basis.
There'll be hundreds of stable coins, if not thousands on these tiny chains, but there'll be a few that'll be adopted by mass
jid i saw you unmuting there did you have a comment on this no no no bro i'm just i'm chilling
just vibing right now bro on no condo yeah i think the one that i've been kind of looking into which
i don't think we can actually get into um is the plasma which is backed by peter peter thiel and um tether um they they're
um they're partnering with echo which is kobe's thing and you can get into their kind of seed
round founders round at a 500 million dollar fdv i was looking into like the papers and stuff you
have to be like a kyc you have to be accredited investor and i feel like there's like a KYC, you have to be an accredited investor. And I feel like there's like a 12 to 16 month lockup.
But if you are someone that is like good on money,
is cool with KYC,
getting in at this 500 million founders level,
I feel like as a fucking cook,
look at what the fucking circle IPO just did.
Like this is gonna be an absolute cook
if you can wait 12 months and you're okay with KYC.
I mean, Kobe's backing it.
He's trying to get retail in, but I i mean i don't think a lot of retail is comfortable holding for
12 months are even good with kyc so i feel like this is the reason why this never works is because
us degenerates are like fucking give me my fucking coins now i mean you have smart even look at
chamath before it went public the day before he was like,
there's some, it's, he, he was like the circle is rushing to go public because they know that they're worth a lot more than what people were offering them. He's saying someone should give
them 12 billion bucks right now to walk away from the IPO. And of course they went IPO and then
they're trading, let's see, 116 bucks. So they're trading at like almost $30 billion market cap right now.
Because again, these companies are so profitable. You need very few people to run it.
I think Tether has like 50 employees or less. And you just make a ton of money. I mean,
because you basically get the yield of all this stablecoin sitting in treasuries. And so it's just insanely profitable. And I think
Wall Street's going to eat it up when they start to recognize these types of companies and how
profitable they can be. It's kind of like the early software service days when these companies,
and it was such a new concept at the time. Wait a minute, you guys are just making money,
but you don't actually have a product. And so your revenue, you know, your revenues are like 60, 80%. It's pretty unheard of.
And then you just have a stable incline.
It's just a revenue source.
And for them, it's ultimately,
they could do anything and everything.
Tether's decided to buy Bitcoin with their excess cash.
I mean, these people could pay massive dividends.
I mean, there's a lot of vehicles
that they can push to attract new buyers. Yeah, I mean, have we had a stable coin meta i don't think we have so everybody's
looking what's the next meta what's the next meta maybe it's like stable coins stable coins bro get
everybody these stable coins and then abstract away i gotta buy this with that buy everything
with a stable coin i don't know i like like ordex bro like degentralized and shit like they're uh
like ordinal platform.
You can buy shit with like Ethereum.
They have like an EVM wallet.
I know they're working on cool shit there.
I like the idea of just buying anything with a stable coin, like shout out Slingshot also,
right?
Like USDC, buy any of these memes on any chain or whatever.
Like, I think that's where we're going.
So like if you're looking for like mass adoption and our after blow off top bitcoin
i think that's gonna help a lot so yeah abstract away all these chains bro you want these digital
assets buy it with fucking stable coins stable coin summer dude do you think like this like with
the integration of polymarket into x um i mean that's a crypto fucking project that's built on
polygont i wasn't expecting that do we think like x payments is closer than we think like how is this gonna work yeah it's closer bro like i've we've been talking about
that for like years now i feel like all of us and now it's like yeah they're definitely hinting at
it so i would assume usdc right like uh any kind of stable coin stable coins crypto and all that
shit coming here i mean we just got like encrypted messaging i'm assuming you're gonna get like a
little uh wallet like a payments wallet or some shit you probably like send money to people
uh sell products i'm sure right like i'm sure you could do a lot at that point like instagram
already has that you gotta have your like little store you know like if they have it native on x
like i i think that that's definitely coming bro so like but also lock up your security um don't
put your phone number on your fucking X account.
Don't be retarded.
That part.
Because like, yeah, you start transacting here too.
People are going to be coming after you, bro.
I saw like the most volume of Polymarket lately has been sports betting.
And obviously you have Mr. Dave Portnoy.
That's a huge, that's a huge, has a huge Stan following.
And if he could just fucking place bets on his Twitter that people can go,
you know, place bets on, dude,
that could bring a lot of volume to Polygon and just Polymarket in general.
And do you think just like the integration of a crypto wallet,
is it crypto? Could it be crypto wallet okay is it crypto could it be crypto wallet into x does that kind of is that a moment
that people are unexpecting that could drive like price just because like damn x can now has a
crypto wallet and now you could maybe tip and doge and all this kind of you know he's at a doge bro
you know he's at a doge bro i'm just thinking is like that's kind of unexpected i don't think
anybody's kind of
coming. He's partnered. I mean, Elon's whole thing, and he's brought it up in many,
in many discussions is this WeChat concept that is, you know, Chinese kind of super app
where you can go for social media. You'll be able to link in and buy something in the app.
You'll have advertising, you know, you have payments, you know, through there,
you can use it as a wallet through merchants. And so he's slowly in the process of trying to build that. And so you just have to kind of do that strategically. And it takes'd have to deal with from different countries, given
X is an international app.
So I just think he's moving that way.
It's just a slow process.
What do you think is, I mean, you think Polymarket's the only one?
Do you think there will be more integration to other platforms?
It'll be a ton.
But remember, you know, for the longest time when Elon bought it, basically the Democratic
Party, unfortunately, like, you know,
told all the advertisers don't go and, you know, don't go on to X.
And so they kind of have to build back some of that, that advertising, you know,
so it's going to take some time on that front.
But, you know, they'll keep partnering, you know, makes complete sense.
I mean, you just think about all the sports content you're watching.
People are watching clips these days more than they're sitting down watching a whole
sporting event. But if now you could have like, you know, anytime there's content regarding,
say a game, you know, below is the line and you've got a direct click that you can click in.
And there you go right into polymarket and place a bet. Like it's, it makes sense that you would
integrate something like that. You think like X will be in the future more like Farcaster?
I feel like the wallet is the user interface for crypto.
And the fact that you have now X integrating maybe a crypto wallet,
now crypto X becomes the user interface for crypto,
which is, i feel like a
better like experience in general like and i see farcaster kind of been doing this and it's fun but
they just don't have a lot of user base over there but what they're doing with their like
what what they're doing with their seamless integration to a lot of stuff is fucking
innovative but just imagine doing that on like a larger scale like x i feel like i just don't know
the adoption on on the x side i think it'll be more just for transacting because you remember, they do know a lot of
information about each and every person.
So I don't know if a lot of people be holding a lot of money in these accounts, at least
the native crypto people, because they do kind of like that anonymity that comes with
some of these other wallets and features of self-custody and maybe cold storage and things of
that nature. But for purposes like of an everyday, it's kind of like your everyday credit card.
You know, I think it wouldn't mind. I think a lot of people wouldn't mind if like all of a sudden,
you know, it's like supper times rolling around and all of a sudden you're getting these DoorDash
advertisements and you're like, oh, I'm just going to quick grab that. And you hit buy and it shows
up at your door. And with Grok growing as fast as it is,
I mean, the integrations that they'll be able to do and really target people's advertising,
you know, be pretty, pretty impressive. And then, you know, they can charge more for all of this
eventually too. I mean, they already upped the charge for people who have these premium plans,
I think for next year, just because you get Grok for, it's not for free. I mean, it's included in that price, but there's just a lot of vehicles that you
can kind of tap into to generate revenue. It'll be interesting to see at some point if he does
decide to take X public. I have to imagine at some point he will because he's in such big debt in it.
I mean, are you guys going to buy the X credit card?
They said that it'll engrave your Twitter handle in it.
So it makes me feel like there wouldn't be like KYC or some shit
if they're going to let you put like a Twitter handle on there.
Just imagine going to like the fucking DMV
or going to like some place where they ask you to see your ID
and it says CryptoExpresso
and you have to like show them your X account or something.
How is that?
How can you verify that shit?
It's like, my name's CryptoExpresso crypto expresso weird like what's your fucking real name though like
well it's on the card like i'm crypto expresso motherfucker like i don't know how it's all
gonna work out but i'm hoping at some point we get rid of social security numbers and all these
ids and use something on the blockchain to validate identity i just think there's that
stuff is so prevalent and and stolen and stolen and all over the globe as far as
your identity. And you can't kind of like, especially with certain ways of security and
utilizing blockchain, you can't kind of like fake who's really who. And so I think with AI and
everything else coming out, I think that's going to be the next thing as people are starting to adopt crypto
and now finally able to start building and investing in it
from a VC perspective.
I think that's something that somebody could come out with
and really revolutionize things.
I just got a spam text yesterday
saying that I have an outstanding ticket
and that if I don't click this leak and pay them,
they're going to suspend my license.
I'm like, bro, my internet leaked again?
Or my number leaked again?
Yeah, Coinbase texted me today.
I got to make sure my withdrawal was correct.
Please call this number.
Jesus Christ, guys.
We're fucked.
We're screwed.
We are absolutely cooked when it comes to our data
being leaked on this stuff.
So we just got to pay attention to a lot of these scams.
I know the scams are going around.
Yesterday, I saw something that WorldCoin posted, which may be that.
I don't know if Elon goes down that one.
But it's basically, you know, I don't know if anybody signed up for that WorldCoin app yet.
But it kind of shows you, you enter your birth date.
So what happens to your biometrial data?
Your data needs to be verified
and analyzed and autonomized and encrypted.
And once you give consent,
you get a QR code and you go to the orb
and it scans your face.
And then once it scans your face,
then it legitimizes your app.
And then now you're verified,
not a robot in the person,
but you have to go to
the orb uh and and do this i'm just like bro i'm not gonna do this i'm not gonna do this but like
if you give me 50 bucks i might do it you know like i was like crazy 50 these people are scanning
their eyeballs bro scanning their whole ass but how are you gonna verify in the future if your
name is like crypto express or lord arf there has to be some KYC behind the scenes that verify that you're a human and not like a robot and you're actually who you are.
If you're going to verify through like a name on X or something, dude, trying to think like, how are they going to do this?
Like someone can just create a spam account with my name on it and change the O into a zero.
And now they're crypto expresso.
The only reason why we have KYC, and to be honest, KYC does pull significant risk for people.
You think about the Coinbase hack that just happened.
But ultimately, the only reason for KYC is taxation.
And, you know, there is a push in certain countries and certain states even about this idea of we don't technically tax a settlement between when I earn a dollar and when I spend a dollar.
If I get a dollar now and I spend it in two weeks, if the dollar value changed, do I pay a difference?
difference? Do I get a taxable loss or a taxable gain on it? And the answer is no.
Do I get a taxable loss or a taxable gain on it?
And the answer is no.
And so then the question arises when you come to stable coins and certain crypto assets,
including Bitcoin, is should we be getting taxed on changes in that value over time?
And so I think that's going to be a big discussion because ultimately, if that's not the case,
there wouldn't be any role for KYC. It doesn't matter. And so, yes yes if you're going to go through certain entities where
they have to do to know your customer like through a bank but other than that that's the only reason
why people kyc is because they want to make sure people are paying their taxes yeah okay fuck taxes
yeah in missouri we don't have capital gains taxes anymore really maybe you guys move here yeah we
got rid of capital gains we're the first state to get rid oh bro wait what yeah missouri doesn't have capital gains taxes on crypto real estate or
stocks anymore all right i'm pulling up ah that's what i was telling you guys last two weeks ago
three weeks ago when they announced it i was pretty excited that i woke up and but you stay
paid federal taxes oh yeah of course so like florida doesn't even have state taxes so like
you don't pay that on
crypto either so it's not like it's it's it's specific to that well since your bitcoin
motherfuckers are up here i think chief brought something up maybe it was backed by unicef but
this satimony thing you guys heard about this dude i there's so many things i'm not gonna lie
right now going on bitcoin i actually well it's like it's basically it's basically the one where if you have like useless fucking nfts or jpegs in your
wallet you can like send it to them they'll give you back bitcoin for it yeah that's the thing and
then you could also just like i know in unisat uh you could just do it there like they have like a
tool for doing that too right but that's probably like the similar thing then i guess yeah it is i was i was looking at it last night it was getting
some exposure on the timeline a lot of people are following it and i couldn't i went on uniswap and
tried to find that one i couldn't find it and i was fucking around with this one uh last night
um it shows you exactly like how much how much you can get but i had like 15 ordinals i could send
for like 111 dollars and i try to sign the transaction and it basically just kept popping
up failed transaction failed transaction failed transaction so i couldn't really figure it out i
don't know what i was fucking doing wrong try to go into discord they really don't have any
tutorials so maybe i just need to get some fucking bitcoin mega brain maybe i i know the unisat one like their merge tool i use but i think you have to
use a unisat wallet for that so like that's this might be for like any other wallet but the unisat
one works good with unisat wallet like that definitely works i just i haven't done is it on
the unisat main home page or is it like a different... I think it's like a tab on there. It's like Merge or something.
Let me look.
It's like a new feature that they're pointing out.
I tried it, though.
I didn't see anything that I could get that was worth it.
But you never know.
I mean, if you're dealing heavily in rooms, definitely recommend it.
Yeah, I guess if you wanted to use the unisat one you had x first i guess
you would just import your seed phrase into the unisat wallet and you'd be able to do it
yeah that's what i remember that's what she said you just got to import your your wallets that
you've been using to trade runes or even ordinals right like you mentioned and then it should pop
up i didn't even see unisat added uh alkanes alkanes actually been getting added to a bunch
of shit lately i think sat autonomy they also have like some alkanes shitkanes actually been added to a bunch of shit lately i think sat autonomy they also
have like some alkanes i think they added yeah they do yeah they have they have all kinds too
are you here chief yo can you hear me bj yeah yeah
no are yeah yeah we can hear you yeah hey oh okay no i was saying so you're what you're
talking about you have to go through utxo management right so you have to unlock those
ordinals and then you're able to combine them and remove the padding and stuff like that
because they're each individually locked as utxos and labeled asinal. So it won't let you combine until you unlock them and then you can
merge them together and then you can spend them as one. On Unisad, it's the UTXO manager tab that's
at the top right hand corner and you have to actually have a Unisad native wallet for it.
Yeah, I think I mean, since we're talking Bitcoin uh i was just going to post one little thing that
i thought was cool is the full stable coin on bitcoin i think came out yesterday i don't know
if you guys saw it but it is through unisad and dot swap um and it's um using star net right or
stark net sorry so stark net has been kind of providing just another liquidity provider across chain, but allowing you to swap it to a USDC.
I guess you would almost call it a Rune adjacent slash a one for one fungible
on Bitcoin.
So that's kind of opening the door for people to just be able to swap in
their wallet to a stable of choice.
L1 Bitcoin.
Let's go. Stable coins are coming to Bitcoin. Let's fucking go. uh l1 bitcoin
let's go stable coins are coming to bitcoin let's go stable coins that's what i'm saying i'm talking about that satimony thing and trying to around with it i think i sent 20
of my sats to ordinal address or some i got lost
i got lost you can get it i could get it
you can get it i could get it
it's actually yeah expert shout out experts they've saved me on that shit it's pretty easy
to just like add it back to your other wallet in there all right as long as that can happen i i was
kind of chat gpt and they said get your sparrow wallet i know they've been good at like managing
utxos and shit i'll get it back sparrow wallets uh sparrow wallets the fucking that's the gang
shit that's like the best one unisat uh unisat you Uniset, you can do it on Uniset.
It allows you to actually pick which wallet you want to access,
your native, your nested, and all that kind of stuff.
You can kind of move it from there.
Dope.
I'll wait until you get back, and then maybe you can walk me through it
and figure it out.
I can get this $110 of just dead-ass ordinals out of my wallet and give me some Bitcoin back from it.
I saw this this morning.
Pudgy Penguins.
It's raining.
I can't believe I just walked in the rain.
Pudgy Penguins just acquired their Hingu ticker on Hyperliquid.
So maybe.
I forget.
Isn't this a lot of money to get this shit so it look
like they're coming uh they got their ticker on hyper liquid and uh they are probably gonna is
hyper liquid like one of those when you get one ticker no one else can get it as well yeah i think
it costs like a lot of money i think it's like 20 to 30 000 or something to get your own ticker
and so then typically leads to like
perpetual trading on the platform and and shit like that so it looks like king is probably going
to be uh listed over there and you'll be able to long and short and even buy some spot which
i never thought that i see fart coin on coinbase i thought there was no team bro i guess they just
uh i guess coinbase just got a market maker and it was just accumulating far coin for the past like five months
So they could have enough to actually support like oh, I do the timing of that was the funniest shit ever to me, bro
Oh, yeah, that's literally what I was about to say too. It's like you have the world
Capitulating you have the world's strongest man the world's richest man
You have people on Twitter yelling at each other and they're like, yo, by the way
You guys will be able to buy fart coin as of tomorrow so get your money ready the candle
everything's fucking tanking people are freaking out fucking paper hands are cheating people are
leaving crypto twitter forever and fart coins up only it was fucking amazing i'm not gonna lie
incredible tech it is it was incredible hot air rise it was kind of funny because i was kind of funny because I was listening to some people looking at meme coins to short.
And they're like, Barcoin looks like it's about to fall off a fucking cliff.
Look at this chart.
It's doing a Bart Simpson.
It's going so much lower.
And then 12 hours later, fucking God candles.
So you're going to be looking at charts all day.
I mean, it was down 40% on the day, though.
That's the thing about it.
I mean, it was pretty, pretty much down. Like, they couldn't have picked a better time to announce
that, you know? I think the Coinbase was accumulating, like, our money is Wintermute
was constructing some way to capitulate that down so they can get the last allocation before they
listed it. Wouldn't be out of the fucking opportunity there, dude. They like to manipulate
charts so they can accumulate lower prices. I mean mean it's been above a billion dollars forever so it's like if they have been accumulating
i mean they're accumulating a high-ass price that's for god that's for sure um
i don't know if i have anything else it's raining it's really hard to deal with my
phone when i have raindrops all over it so I'm like removing posts yeah and shit and I'm about to say I got a bunch of shit but I'm driving
so it'll have to be pretty tomorrow yeah you're good all goody all goody I'll look through my
bookmarks until one draindrop hits my screen again and moves me out um see if there's anything else
that I missed. Really nothing.
Did anybody buy the fucking Nintendo Switch yesterday?
Probably fucking not.
Oh, it was the fucking whole thing about how Beanie and all those people are posting how profitable people are in their P&L on fun tokens this month.
And like how like less than like 1% of traders have made over like under a thousand or over
a thousand dollars
it's like fucking cooks bro and like that's why I guess people are looking like what are we going
to do here mean coins aren't profitable what's the next meta and so do we go other chains and
run it back over there or is it in the t season and so I just kind of does kind of lead to the
speculation of like okay if that casino isn't pumping anymore and that
isn't going on what's going to be the next thing that you know people can make returns on and i
don't know what it is i mean stable coins kind of seems like it's not that profitable but there
is a learning curve there and so it kind of seems like there might be an edge there where there
might be some multipliers if you do deep dive deep into that shit so i don't know it's kind of crazy
this p these pnls dude of meme coins i didn't know it was that bad it's bad but it makes sense
it makes sense i mean everybody got everybody gets rinsed bro like i i saw your video yesterday
where you're talking about how like basically there's all the vets here right and like everybody
gets in and once you see them start posting these other people start posting on the timeline you
know that's the top it's that's like so many people here that i see come and go they're just
they're shilling they're shit coining and then they're gone because like they weren't in early
and they buy the tops that's everybody on pump fun pretty much what is it 99 well yeah there's
no bounces anymore dude it's like it has the initial run up uh and then no one wants to bid
it after it runs to like one or or $2 million. And like,
if you didn't find it early at like $150K, there is no buyers once it breaks a million and just like it's downward only. And so like, look at just for example, that cruise token, like $150K,
found it, went all the way to $3.5 million. And then three days later, it's back down to $400K.
So there's really no one to buy. There's no bounces.
And the only way that you can make any money is if you're staring at your screen all fucking day.
So it's not great.
It's not a great, like we've been saying this forever.
It's not a great experience for retail or new participants to come in here just to be having to concentrate all day and not have something they could put their money in and go take a break and come back. And hopefully it's up.
And that's where I think like a lot of these, a lot of why people on got into nfts it feels like a safer way uh to hold and store money like if you just
put all your money into moonbirds in the past week you're you would have a higher bank account
than if you probably went to go degen gamble and pump funds so like entities kind of store your
value yes i know they're less liquid and it's hard to get those out when you want it but yeah those
are kind of i'm kind of looking more it's like all right if we are going to play this game it's hard to get those out when you want it. But yeah, those are kind of, I'm kind of looking more as like, all right, if we are going to play this game, it's going to be fucking fast and furious.
Maybe, you know, storing your money into some of these NFTs would be a better, safer way.
And you don't have to stare at your screen all day.
Easier.
I like the NFTs I hold that I don't care about.
You know what I mean?
Shout out CodeWass, by the way.
They're like $17 right now.
I think that might be a little bit of a grab. I not gonna lie i got two i got two um it's all you guys got 20 of them so you guys are
like gotta take profit on them so it's like distribution and hopefully you know you guys
are done selling your 20 that you got on the secondary because there's only 500 holders yeah
so there's like 800 now i think right so it's just gonna take a little while but like yeah on
average people have like what like six if it's like even but uh no i'm actually admitted i'm waiting bro
i don't i don't know i trust the team this og wasi's soon you're gonna be able to like change
your backgrounds and the floors i think that'll probably like get a resurgence you know for a
second but yeah distribution bro it's that but like you're saying i like nfts sometimes like
specifically these and like other ordinals that i just can have and wait for volume like i just don't care about
them what was the crash out that happened yesterday with elu and that ocm guy dude
like what are we so like this so basically like here's here's how it works like he was saying that
so like ilu if you have one you can go and you can download, like, 120-some poses and a VRM file, FBX file, like, 3D models, all that shit.
Basically, he was saying, like, whoa, why are these on IPFS links?
But the actual, like, ordinal, like, all of it's on chain but all of the things with the ipfs links are like the you know four gigabyte
or four gig like four megabyte like uh poses and all the other images that are of your panda
so he was like somehow equating that to like it being an off-chain collection and then it was
like dude are you even looking at the chain you know what i mean because those are just literally
like extra things for me to like download of my panda.
Like I have a meme maker with all the poses. So I like use that to make memes.
But yeah, I don't know, bro. OCM 529 or whatever. He also said Bitcoin puppets have no culture.
So take whatever he says with a grain of salt. BJ.
Dude, I looked at that thread and it was like over 20 and i'm like i don't know if i want to read all
this and so i figure like hey i'll just ask lord what the fuck had happened in the tldr nothing
it's a big nothing burger i popped in there just to troll a little bit and i left but
he's mad he was big mad i don't know what he had like a micro michael saylor pfp and the only way
you know he's part of ornals because it's ocm in in his name, bro. I'm like, bro, I can't even show your face.
Yeah, he's like OCM529 or whatever.
I don't know.
And his picture is Michael Saylor with an OCM hat on.
Like, all right, bro.
Oh, my God.
You got anything before we rogue the space, my guy?
I appreciate you stopping by, man.
That's good.
Sounds like bro fucks.
Yeah, he fucks.
No, dude, just excited to get the foundry going you know got my bags packed
so uh yeah send that shit oh we're we're no go go go what are you gonna say no no i was just
gonna agree go ahead oh no no also we uh if anyone's trading on cube i think we got like
12 more hours left i think we're giving away a hundred thousand dollars in like trading and USDC.
It's like a 40 hour campaign.
So yeah, appreciate the show.
Allow me to show, but, uh, yeah, excited for the weekend, man.
I think here's my thoughts.
Here's my thoughts on the market right now.
Cause I've, I've been playing a lot.
I've been, I've been like gearing up for a lot of swings um honestly i think that like if we do go lower like i'm just gonna be like i'm i'm
pretty much buying every dip from here on out that's that's kind of just my game plan um because
i think that like alts are kind of ready to go at any time. Just looking at some of the macro charts, like others, and BTC dominance, and USDC dominance.
But at the end of the day, it's all up to Bitcoin.
So that's something that I've really learned a lot, is how fucking dominant Bitcoin is.
And that really just determines everything.
I literally see so many great setups.
I've been doing a lot of harmonic
trading and like a lot of things are like ready to like look ready to go from like that perspective
and they look great because there's like bull divs forming on a ton of indicators but it's just like
bitcoin is still sitting at 105 right now and i'm just like either go to 107 or fucking nuke to 98
like i'm ready i'm ready to get this party Yeah, I think the nuke would actually like what,
what speed racers are saying.
There's a lot of sideline capital.
They're looking for an entry.
And obviously the paint trade's up,
but if there is a nuke that kind of gets everybody back on the bus and it
gets that, that stable, that sideline capital back on,
then we can go back up.
So I think like 98 to 94 K, if we do get a capitulation,
you'll see a lot of those sideline capital eventually, you know, capitulate, remove their stable coins and
buy what they wanted to buy. And then we'll go back up to all time highs. But like he said,
pain trades up and those people are gonna have to buy eventually. And that just kind of adds like
that, that, that, that fuel that all those stable coins are still sideline. They're coping,
waiting for that dip and never comes. And then just have to buy back higher because they were punished and didn't,
and didn't believe in the market.
So English, are you ever going to join the fucking discord?
I know you hate links.
That's literally why I came back up.
I literally came back up because I was like, where's my pass?
How do I get in?
Like what's you didn't need like DM me, bro.
You got the pass.
I didn't even know you sent those out.
First of all, I DMG the other day. I don't know. My, my, my homie just sent those out, first of all. I DM'd you the other day.
I don't know.
Oh, my homie just said send me some money, and I send them some money.
I don't really do any due diligence after that, you know?
I'm like, so I don't know, man.
Yeah, you told me to close my eyes, too.
Well, you should have got a DM with your EVM wallet if you paid in Seoul,
and we sent it to that wallet.
So if you haven't done that, then we'll send it over.
But yeah, I sent you a link.
So verify. You haven't even verified, even tried it.
So I know that you haven't fucked with it.
So I know you're not a link guy.
This guy made me fucking call him
to make sure that it wasn't hacked
when I actually sent him the information on the preseason.
Good.
You would agree, bro.
Good, bro.
You sound different.
I got fished.
You sound different.
I got fucking fished like two nights ago.
So that shit was like.
Bro, I had people call me and want like Zoom calls.
I'm like, no, bro, I don't do Zoom calls.
Dude, fuck that.
And I literally know them.
It's like the Wolf Capital people.
And like I talked to them before and everything.
I'm like, sorry, I just don't do it, bro.
Like, I don't know.
If you just do the right things, you don't have to worry about like exceptions, you know? And then like that one
time you make the exception, you're like, oh fuck, why did I make that exception? Just stick to the
rule, dude. Exactly. No PDF downloading either. Yeah, I've had some people, I have some people
in my DMs, like obviously these cold messages that come in, you just, you know, they're scams.
One guy was asking me if I wanted to be a
researcher for Kinder Finance, which is like a $200 billion fucking evaluation. I'm like, I was
playing along with him. I'm like, sure, sure, sure. And I was like, could you please, you know,
why aren't you followed by these guys? Can you verify that you're part of it? And then totally
cold, never respond back to me. I was like, this bro was trying to probably get me on a Zoom call
so he can put some malware on my computer to try to drain my wallet me. I was like, this bro was trying to probably get me on a Zoom call so he can put some malware
on my computer to try to drain my wallet.
So I was like, these people are fucking scammers, dude.
Anything that ever come through a cold messenger is always just some fucking grifter scammer.
There are a few exceptions where I actually meet people through the cold DMs, but most
of this stuff is just people trying to convince you there's a job and then they're going to
lure you into a Zoom call.
They're going to load some fucking malware on your computer and steal all your information and all your crypto.
So don't fall for that shit, dude.
Even if they're asking for like a year and a half ago.
I think before this was like at least on my radar.
You know, obviously I hear about it more now with like people like, oh, I want to interview you, you know.
And they're like, oh, like Ordinals is coming up.
And like we want to know like your projection on like Ordinals and like all this other and they're like oh you know have a interview and i was like well whatever and it was
just on discord i was like it was just like okay i'm like how do you want to do the thing he's like
oh we'll just text you the questions on discord i'll make a group chat i'm like all right cool
and then like the motherfucker was like hey you know now to sign it you have to like approve some
token on your browser and i'm like
this motherfucker bro and i figured they were trying to hack the taproot wizard discord is
what i think well i think i don't think i would have been hacked personally but i think those
perms on discord would have like done the whole shit and it would have you know so i put two and
two but like yeah like the moment that i hear any weird shit, like I'm like, nah, fuck that, bro. Like I'm out.
Don't trust Verify, right?
Don't trust Verify.
But yeah, coming to the fucking Discord.
We got a lot of alpha in there.
Probably already paid some passes off.
Obviously, we just announced the Foundry has a partnership and collaboration with Remilius Maker, which is backed by Sofan.
And if you know any of these fucking derivatives or any of these projects backed by these new chains, man, they're typically a cook. So yeah, man, we appreciate you guys
stopping by. I have some clips up that I just pinned up of my live stream, some clips if you
guys wanted to check out some of the things I'm talking about. Probably going to live stream
tonight or tomorrow, haven't decided, but if you guys just follow me on my account, I'll give you
guys an update about three or four o'clock. When I go live, I'll go around eight central, 9 p.m. Eastern. Probably just hang out in the
trenches, hang out with the boys, see what's going on, talk about some new projects, probably go an
hour or two. So I'll probably be live streaming tonight or tomorrow. So we appreciate you guys
coming up to Daily Alpha. Daily Alpha is going to be probably going tomorrow. Our start time's
at 11 for here on out. It typically is 1030 on Saturdays, but I'll talk to Chief.
He's kind of out and about at some events.
So we'll see if we have a show tomorrow.
If you guys want to make sure that is happening,
obviously you have notifications on the TDA account and we'll let you know if
we're going tomorrow.
So we don't see you tomorrow.
I'll see you on the live stream tonight or tomorrow.
And it's TDA or stay poor.
You guys have a great rest of your Friday and I will see you in the spaces. I'll see you on the live stream tonight or tomorrow. And it's TeeDare Stay Poor. You guys have a great rest of your Friday. And I will see you in the spaces. I'll
see you on the live stream. So peace out. Have a great night. you
