Thank you. What's up, what's up, guys? Appreciate you guys stopping stopping by how we doing how we doing it's
friday tgif got allison's thread pinned up top everything you missed yesterday is up there
organized fashion missed anything feel free to give that a bookmark go back to it use it as a
resource in the future obviously it's the last show of the week. So any likes, reposts, retweets, comments on the space
would be greatly appreciated.
So with all that said, obviously, it's Friday.
I've been here for four days.
We're not going to have a show tomorrow.
And so the market's also a little bloody.
So typical in this space is everybody just gives ups and heads for the weekend.
You don't want to be a tourist.
You got to stick around for the hard days.
Got to make sure that these are the kind of the opportunities that you've been looking for in the past two to three weeks.
You said, oh, I don't want to buy higher.
I don't want to buy the top.
And then you leave whenever the opportunity comes to buy the bottoms. It's just very counterproductive in this space to come and actually do stuff and be enjoyable when it's easy and then leave when
it actually becomes hard. So I would suggest if there's anything you've been eyeing for the past
two to three weeks, this is probably where you guys want to get into it. If we go, I guess there's
levels at 109k Bitcoin, but there's a lot of shorts that have been piling up.
And going into the weekend kind of makes me feel like it's better for the long term, right?
I mean, you want Bitcoin to slowly stop itching, inching up, right?
And let other things have room to breathe and continue to run.
I mean, we slowly had a little
bit of dominance drop and ults got some life and then bitcoin started rallying again and we're back
here so it's like yeah things are going to follow just because they're pegged to bitcoin but once
this the settles right and people are like okay bitcoin's gonna chill here i mean everything else
just starts to rally back right so in a sense it's good to have this
kind of get off the top and the ledge of being the top dog and then kind of progress through
the rest of the cycle in my opinion yeah slower uh solar accumulation means that the bull market
would be kind of a longer drawn out thing and uh i mean you gotta just realize why people are making
at during times. I mean, the past two to three weeks, there's been a lot of anticipation of
crypto bills, passing legislation. Um, you know, a lot of just focus on crypto and a lot of
excitement and a lot of enthusiasm. You had a YouTube view spike, you had Dogecoin spike.
And so you had retail coming back to the space. And then obviously
when there's just a few red candles and all those people bought the top, they're going to feel like,
oh, this is a scam again. And then they leave. So the reason why we were making all the money is
because all the integration of crypto into the current government. And now that that kind of
narrative has played out, you're trying to look for the next narrative that's going to play out. And I've been hinting at the possible sole and ETF staking that could possibly be the next narrative. But also you had Mr. Donald Trump go to the Federal Reserve building and basically had a talk with Jerome Powell.
had a talk with Jerome Powell. There's some just reports, I don't even know if the reports are true,
that he seemed like he was okay and ready to cut rates. I don't know if that means like September
cut rates or July cut rates, because we do have an FOMC meeting on the 30th. But that could also be
something that could accelerate us because that is something that's not priced into the market.
So that ultimately could be the next kind of narrative or the next thing that surprises people
that has to ultimately get repriced in the market and make us go back up.
There was also, this has also been hinted since Doge was created.
And I don't know if it's true or not, or if it's just fodder,
but they've been talking about just the money that they've been saving
and the money that they've been gaining from the tariffs could be given into some kind
of stimulus check for people i'm not actually sure if that's true or if that's just a talking point
but that's very remnants of what we had back in covet era where you have low-income people
getting stimulus checks and then what do they do do they pay off their bills or they go gamble it in the casino a lot of them gambled it into doge and fucking stimulus
checks bro the ppp loans were the ones that really went crazy man anybody that had any kind of little
company and all that kind of i mean they ran the bank with those loans bro that's true so that's been rumored for about four or five months and
then he was just asked uh today about just the money that they've been making through the tariffs
and where it's going he said we'll possibly pay off the debt but we have been thinking about
actually creating a stimulus check for low income people in america and so i don't know, but that is something that could add more liquidity to the
market and just the, and you know, you have to, it has to go somewhere, right? And so that's
something that also could be priced into the market that a lot of people aren't looking at.
And then just, you guys are looking at the global money supply. We're right on track with where we've been. This is a big sample size.
When you talk about sample size, the more data that you have, the more relevant and more kind of
it lines up. And this is the high timeframe on the 25th. exactly. Then global liquidity ran to 140K for almost five years old.
This blue line is just following the red line. So this is a five-year chart of Bitcoin tied to
the global liquidity. And we had in this chart a pullback and we pulled back on Bitcoin. If you
look at the five-year chart, the next moves up, not back down.
So if you are looking for something
that has like a large sample size,
this is five years old of data.
We have been following the global money supply to a T.
We had a pullback on that.
We had a pullback on Bitcoin
and now the next stage is up.
So if you want any kind of hopium
of being buying right here
this is something that's been to the T
and we would be expecting that this maybe has a,
maybe we go down to maybe 109K,
but this isn't the end of the bull run.
These are the opportunities
if you have dry powder on the side
that you were itching to buy the past two weeks.
So that's ultimately kind of like the
hopium chart I wanted to give you guys. But we just increased. We just also hit all-time high
again in global money supply yesterday. So we continue to add more and more money to the system.
And if this is basically the future of Bitcoin, the more money is printed, it just follows this
line. You would expect we have a lot much higher to go. So next stop on this chart is 140K and probably
come by the end of August. And then maybe we'll have another correction right around the FOMC
meeting and then go back up and then maybe hit 170K sometime in November. So we are still in July,
still feels like, you know, we have a long way to go the space takes forever to get to
november so if we are in this kind of last stage we have a few more months to go here and obviously
there's going to be some volatility in between so don't beat yourself up it's like damn i should
have sold last week yeah there's going to be a million more of these moments right if this is
the first one you're having then it's somewhat early if you don't feel like you completely missed the boat right which is gonna happen too or can it's just one of those things
right because i know a lot of people are like dang i should have sold last week when everything was
up i would have made a lot better move and then it's like once again be honest with yourself
would you have sold last week saw the dip this week and then like dang i missed uh you know i
dodged a bullet i'm gonna sit here and be safe and chill
or are you gonna go and be like oh okay i sold last week now this week the price is lower i'm
gonna redeploy and reposition for the next wave up right it's all about being honest with yourself
and how you're gonna play this if you're more the passive player that's cool there's nothing wrong
with it just play the passive game right trying to cross over is where you get caught up and really lose so yeah i guess what you want to do in these in these times is
have the power and having the power means having some spare cash on the side so you could take
advantage of these dip ultimately don't want to have all your liquidity in the market um and give
your power back to the people that are working the markets.
So when you have money on the side, you ultimately feel better than having all your money in,
say, Seoul, and then you see your money go down.
So you want to have spare cash in the side.
So give yourself power in these markets and take profits in these euphoric times so you
have some stuff, some dry powder to actually accumulate at these zones.
So ultimately, that's what I've been trying to do.
It's hard, but it's just a skill
that you have to basically work and work at.
And obviously the spaces and being a content creator here,
I feel like I got a leg up on like social sentiment
just by engagement, just by people interested,
And last week definitely felt like somewhat of a top
based off just my engagement I got last
week compared to what I got previous week. So there's something to look at. We've been talking
about SBED a while. They had a basically acquisition, but they also decided that they're
going to do a stock split and basically raise more revenue for SBET, which is basically the Ethereum version of MicroStrategy.
But they also added Mr. Column, which is a BlackRock, used to be a previous BlackRock employee.
So he had 20 years in BlackRock, including a senior leadership role in digital assets strategy and operations. Former manager, director, head of strategic
economic systems, partnered with BlackRock CCO and BlackRock Solution. He led the launch of the
IBIT, the world's largest Bitcoin ETP and ETHA, the world's largest Ethereum ETP and the BUILD,
the world's largest tokenized fund. So this guy basically had a hand in launching the first two
etfs with bitcoin and ethereum with blackrock and now he's in charge and he just joined the sbet team
which you can't have a better person if you guys are uh believing like this whole uh blackrock's
in charge you know it's really the government here so having him part of sbet team kind of gives you
confidence that that top that stock's probably going to continue to do better with a BlackRock individual involved.
Obviously, SBED is something you can buy on the stock market.
It's not a crypto, but they're just adding Ethereum over and over.
And they just basically are playing the micro strategy playbook uh they continue to raise debt to buy more
ethereum and then now they're doing token swap our token split our stock split so they can raise more
um debt to buy more ethereum so i don't know man micro strategy was a buy when this first happened
we're starting to get down this risk curve of just loopage bro but in real life i mean
we've seen this shit you know fully collapse from ave and all these other motherfuckers like triple
dipping double dipping right every time you go one layer deep of yield or whatever it may be i mean
you're ultimately that's 10x leverage that you're putting on top of that position right based off of
so many different variables so i don't know it's almost getting the scary territory of
one wrong move and i mean this whole house of cards goes down right and that's one thing that
i don't think a lot of these companies are really considering um i think most of them are thinking
that they're independent entities so to speak speak, right? They've never really experienced a,
uh, uh, let's just call it a bank run across a whole industry. So it's not, oh, SBET goes down
and everything else is cool. SBET made bad decisions. No, it's if SBET goes down and you
have the exact same business plan as SBET, you will feel it, right?
And I don't think that they understand that yet, right?
It's more so, oh, hopefully they're hedging.
Hopefully they're doing a good job.
Hopefully they got it all figured out.
Motherfucker, if they go down,
number will go down for you.
A bank run could potentially start and your bags will be affected.
It's not just if they, right?
Or a separate thing, which is different for TradFi or's not just if they, right, or a separate thing,
which is different for TradFi or just traditional business in general, right?
Most of the time you see a Walmart or like these bigger companies or anything like that,
doesn't really matter what happens to them in their stock market. I mean, in their stock price,
right? I mean, ideally, they don't tank the entire market just because they had a bad quarter or a
bad year. So I think that that's
ultimately the underlying difference here is that one bad or a actual bank run occurring to some of
these companies, the trickle effect will roll down. And I don't know if any of them either
know that or are prepped for it. Like I said, I think that these kind of companies in that whatever that that downward spiral of this is going to create the next bear market.
And it's every time we hit a bear market is the over leveraging of the system.
And these companies are playing with fine tune market here that is very liquid.
And I do think if there is some kind of downturn, it's going to be a downturn in this section that's going to create our bear market where we, you know, a lot of people are saying, oh, now the institutions are here.
We're not going to get 60, you know, 80 percent pullbacks.
But if all these corporate companies that have been acquiring this stuff and diluting their stocks start to have to sell, it's going to create a cascading effect throughout the whole stock market.
Plus, it's going to leak into crypto marketading effect throughout the whole stock market. Plus,
it's going to leak into crypto market because they held crypto and that's what they're selling.
So yeah, I feel like this right here is something you have to be very, very cognizant of. If there
is any kind of smoke here, maybe start getting risk off. I think we'll hear about it first,
hopefully. Maybe insider traders will probably know more than we will, but we'll start seeing it.
And I do think this will be the start of the next bear market, will be the unwinding of a lot of this stuff.
So just something to keep your mind on, something to keep track of.
I know it's somewhat boring.
I got two more things, and then we'll just move it forward.
Michael Saylor is going to raise another $2.4 billion to buy more Bitcoin.
And then the last one uh just gives us
hope for the soul and then the thing too just on that x the thing too is that everyone sees him
keep going and they just assume that they can keep going right well he keeps buying yeah motherfucker
he started five years ago he's so far ahead that this could crash he could sit back and buy all
of your coins during the crash and I have to sell shit
You know, but people using him as kind of like the precedence or like the basically the poster child, right?
Oh, we're gonna do the same thing as micro strategy. Look at what he's done
It's just it's a very simple playbook you buy and then you raise and you take debt and you just continue on
Yeah, that's cool but homie
started this at like fucking uh average price is 60k you know he started this at like 40 50
and then kept going and has been non-stop so it's just a completely different ball game too and
every time i i feel like we see this news headline oh he's raising again or he's buying again it's
oh well if he's gonna keep going we're gonna again. It's, oh, well, if he's going to keep going,
we're going to keep going. Or it just inspires people, right? Or people use it as in their
boardroom meetings as well. Look at this. This is such a good success story when in reality,
it's a different, like he started at a different time, you know? So.
Yeah. I mean, when you see the PNLs on the timeline, you're like, dude, I got to do better.
I'm going to raise up my leverage. Well, just imagine in the billionaire class with all these hedge funds and
all these people, they see Michael Saylor basically killing it. And they're trying to
compete just like when you see the P&L on the timeline, like, okay, we're going to leverage
up. We're going to do it. And then what always happens to the people that try to over leverage
and try to compete with people that have been here for longer periods of time to have early entries, they always get washed out. So I always expect the same thing is going
to happen here, but it's good for our bags right now as we proceed. Just more just kind of evidence
that we're possibly going to get a sole ETF staking. Marinade Finance becomes one of the
first major staking protocols to achieve SOC2 type 2 compliance after months of long audit by global firm BDO.
This clears the path for it to serve as the main staking provider in the upcoming U.S. Solana ETF application.
So we have talked about Sanctum as one that Binance and binance use well marinad finance is going to be the ones that is actually offered um
for the main staking for the us uh solana etf application so yo finally bro the marinade
points are going to be worth the you know that's what we've been talking about these protocols
and stuff that are going to utilize or be the ones that facilitate right generating yield because
that's another thing too.
These companies or these institutions hear these words yield and rev share, passive income.
They don't know shit from shit, bro.
They're trying to get that.
They're trying to understand what any of that means.
And so to be able to put, hey, this is where the yield comes from
ultimately that in itself is going to become a sector i mean you have
katana becoming a whole chain dedicated to uh attributing yield and you know uh tapping into
this defy of stale money or sitting money so i think this is way more like easy for them to
understand that than actually what bitcoin is so it's kind of this defy sector is something that
wall street and these institutions understand oh i can earn a yield over here i mean that's
ultimately what they what they have been doing this whole time so i think ethereum and solana
is ultimately something more recognizable for the people that have been wall street bitcoin
i just think they missed i think they have a grudge over it and they just are like oh this
is the leader this is digital gold and i just don't i think with a lot of this they want to stake some of this stuff inside these etf you get to
a point on bitcoin bro that there's no no one has the answer for you right which is the issue
when you go to eth or soul or anything like that not to say that they're better or worse but
if you say where's the yield come from yeah that's a joke but most of the time or you know
these protocols can say hey we get it from you know, you know, it's derived from X, Y, Z.
This is this is this. These are the risks you get down to the point of asking the Bitcoin questions of, well, where did it come from?
How did it start? What happens if I mean, you just there's no answers, right?
You just have to agree to have all those questions for the rest of your life and just move forward with it if that's
not your but you know if that's not good enough for you then i'm sorry versus eat soul all this
kind of stuff people can somewhat come up with an answer right or it logically makes sense for them
to deploy millions and billions of dollars right at least questions get answered to a certain extent
so yep yep and then i think just the last thing that is hovering over the market
is just this eth validator exit that is just spiking we saw the the rise of this with justin
sun removing a lot of his eth i have a chart here just showing you validator queued um it has spiked
um not all exits are sells but people are looking at this. And then just like a little post that kind of talks about it.
So FUD on ETH staking withdrawal.
Yes, ETH rally has led to some long-term stakers to take profit and exit.
But that's not the whole story.
The withdrawal Q spike dashboard is also being driven by a liquidity crunch in the DeFi lending markets.
by a liquidity crunch in the DeFi lending markets. TLDR, this isn't a bank run. Borrowing
TLDR, this isn't a bank run.
rates on ABE are spiking as utilization rates have hit 94%, making many looping strategy,
which is borrowing ETH to buy LST to stake to repeat unprofitable. As a result, many traders
are unstaking LSTs so they can repay their loans, but entry demand to enter staking is at a high of $1.15 billion weighting,
offsetting some of the outflows, showing confidence rather than panic.
So a lot of people are looking at this, wondering like,
oh, are these people trying to exit?
Are they trying to get out?
I think there's like an 8 to 19-day withdrawal period.
So people are stuck in limbo. People have to repay their loans, similar to what we've seen with these NFT loans.
And people are like, oh, this is panic. This is panic. But a lot of these people are having to
force do this because the looping strategy hasn't been working. So just kind of understanding what's
going on on the east side. There's a lot of panic. I saw last night there was Galaxy Digital,
which acquired a bunch of the Bitcoin from that vacant wallet from 12 years,
was moving a lot of that Bitcoin to exchanges. So macro, people are looking on chain where the
truth is, and they're seeing problems with the Aave lending and ETH withdrawals. So they're
thinking it's an exit, but they're seeing Galaxy Digital starting to basically move all the Bitcoin
that accumulated over the past two to three weeks from that ancient whale going to exchanges thinking
that they're going to sell. So that's ultimately where you're seeing the panic. It's on chain.
It's the smart money that's looking at this stuff saying, well, if all this money gets sold,
if all this ETH gets sold, we're probably going to go a bit lower. And that's kind of the hedge
that they're making right here. So I think that's ultimately where the panic is um but you know people are going to take profit as we go and
and the bitcoin sales too right what did we have that guy sell all that bitcoin
yesterday or something like 14 uh 14 000 bitcoin were sold or whatnot so i mean you're you're
having these ancient whales just basically
exiting uh their positions or this redistribution of it so i mean it's adding to the uncertainty
and the fear right i mean you see money moving around and then you see oh so and so sold oh so
and so sold and then perception wise you're like, why is everybody leaving? Yep. I mean, these people have probably accumulated millions and billions of dollars.
So they're going to take profit, man.
Dude, I think the Bitcoin guy paid $1,500 for all the Bitcoin that he sold yesterday for $14 million or billion or whatever.
whatever but he paid 1500 bucks for it like 15 years ago so i mean yo you're not even a sound
But he paid $1,500 for it like 15 years ago.
businessman if at some point you don't realize the trade you know well like just think chief
like say that you're an eth person that is trying to unstake your eth right like maybe if all point
season's there you want to actually have the east so you can multiply it instead of having it yield
for seven whatever the percentage is and so you want to get it out of the validator because obviously there's 19 day, you know,
withdrawal period. But, you know, also we have a Ethereum ETF staking that possibly going live.
So maybe this is also kind of leading to like, hey, maybe some of this money wants to ultimately
get staked inside the ETH ETF. And maybe some of this was some of other people's money
So I think like just because some of this ETH
is being unstaked doesn't ultimately mean it's a sell.
There could be people positioning themselves
to get into an altcoin season
and transfer that into other coins,
but also want to stake that into the new ETFs
that are coming out that are acquiring staking.
So I think it's just more proof that we have a,
I don't think this is the end but you when
people see this on chain they like to hedge their positions and make sure that they're not going to
get dumped on so they're selling and just trying to make sure that they're ahead of just the typical
retail users that are finding out about this on twitter so i don't think there's much to panic
about i do think we have a lot more catalysts to go. We have rate cuts. We have East Seoul staking and obviously just Bitcoin price going back up
and price is just the best marketing campaign we have. That ultimately brings people back to the
space more as when you see all-time highs on the news. And I still think we haven't hit the top.
I don't think 123K is the top for Bitcoin. So I think we still have a lot more go. I'm looking
October, November as where we see the top and we'll see where we go from there but i've been rambling a
lot posted a bunch of macro stuff just to kind of give a little hope in this space during a dead
friday but uh chief what have you been looking at past 24 hours was something interesting man
uh the new other side thing went live this morning. So I posted that up to the top. It's a little clip of the video
Um, I mean, I don't really kind of it reminds me of like toy soldiers, you know, the the
Disney movie or whatever the movie that we saw from back in the kids and then back in the day
And then there's another game that came out recently on steam or recently some one of these concerts or something
That was the same thing, right where you're like it seems like you're a toy or a little character or
whatnot in a big old world and you play around so cool to see this went live earlier i know that a
lot of people were playing it i know that we're going to try to play something later on in vc
just all get together and see if it's worth it or having fun but yeah so this is kind of the
talk of the town for a while or i know you mentioned it yesterday that potentially starting
this whole yuga dominance or run again as they start unveiling you know maybe a new token the
other side use for codas all this kind of stuff is slated to be coming in this next uh couple
months right so game looks fun from the trailer.
I mean, yeah, I got it pinned up to the top.
If anyone wants to check it out or looks at the gameplay and thinks it does look fun and want to play it,
go ahead, peep it, go to the other side page itself,
and you can download it and participate later.
I mean, with all these game releases,
it doesn't matter if it's in web 3 or web web 2
when like college football 26 come out or madden comes out or any of these games come out
man people just like it could be the greatest game but the stuff that goes the most viral
other games are actually like the glitches i like the stuff that wasn't like thought through
like the hand placement like maybe you're shooting a gun and then your your gun flip stops a direction
now you're shooting out of your mouth so i would see that's the thing about playing like pro madden or fifa
bro have you seen like when you get the ea special and like they randomly spawn shit in the middle of
the map or you know some shit like that i know you played madden before so you know what i'm
talking about bro like out of nowhere someone flips a switch and the game just goes to complete dog shit and like the craziest
unexplainable things happen so it's like i could never play that competitively i'd lose my shit
in public if a house gets spawned in the middle of a madden game or your player just runs for like
fucking forever and it's crazy that till this day that still happens right so we're not gonna have
perfect games no matter web 2 or Web 3.
I think that that's the interesting crossroads, too, is that when you start implementing money,
you literally have Madden and FIFA that people play for tournaments for millions of dollars, right?
Esports tournaments, etc., become worldwide pros, get all these perks.
And the games themselves, coming directly from the distributors still
have problems still have glitches still have just just shoot the bat you know yeah i mean like an
nba 2k i remember seeing some stuff where people would mod the game and like you would go on to
like the um the backyard courts where you can just team up with people and play like three on three
people would like spawn like giant ass basketball players that were arms bro they would have arms the size of the whole fucking court and
you the guy and like the thing is it's not like it's just an aesthetic like oh you made your arms
long no like his arm could grab the ball from one side of the court and dunk on the other without
even moving bro and it was i'm telling you crazy work so i've always wondered how that's gonna work i mean
maple story got fucked when they first came out and i mean they're still going they did their
first patch now but i mean that token was at three dollars and people realized hey i can write a
script i can write a code there's money to be made yeah they're gonna go in and they're gonna
exploit the economy and make as much money as possible and leave you to figure it out oh it didn't work out oh like the game is unbalanced for people okay cool figure it
out i made my money it was fun uh you shouldn't have launched with it unbalanced so i think that
that's ultimately one of the things that in web 3 is going to be i mean i don't know you just
either got to come to terms with it or be perfect and there's no way to be perfect right we see web 2
games still coming out with flaws and there's still money and there's still all of that it
doesn't stop them from growing but there's just flaws in the game so yeah if there's money involved
people are going to try to take advantage i'm just kind of curious if any if we're going to get any
kind of uh white hat hackers or anybody trying to glitch this game out where they got like an
overpowered gun or maybe their ape is like 15 feet tall because uh or even just have like fortnite
players playing for them um so they can like rig the game so they can win whatever the prizes are
i mean we saw orangey basically get approached by like all the board eight members to have him
play dookie dash for him so they could get up the leaderboard so it's not out of the question
they were making money i think double can probably talk a little bit about that but i
remember at that one point when dookie dash came out there were like full guilds of motherfuckers
that would you know pay you weekly or daily to go get your grant like score and you know do that
whole thing like even if you didn't win you made money if you were willing to be a player
and play for people, you know?
I just don't know what the prizes are for this one.
it's just a game test or there's actually like rewards of eight points.
I know I remember seeing in some of the trailers,
I don't know if this is the battle Royal that they're playing, but you could go around and like accumulate like ape coin,
like how you would do in Mario where there'd be just coins randomly set up
around the map and shit. So I don't know if that's further down the line with
just more of the games or like what is the purpose of this game is just to have fun or is there some
kind of reward because i like even the game tests that they played you got like at the end of the
winning team got like a helmet or something like that so i'm just kind of curious like have they
announced what the rewards are what's the point of this what are ultimately the winning teams and the best players gonna get
and if it's some substantial prizes you're probably gonna start an influx of like professional people
trying to take advantage of this and win the money because that's what's happened every time with
these games as you get that look at what happened bro because of dookie dash we got motherfucking
cupsy and orangey and this motherfucker ruining every chart known to man bro literally like cupsy clicks
But you know why he clicks so fast and buys everything bro because he's a professional clicker
Y'all invited professional clickers come in and then get mad that they click faster than you
Which is kind of wild, but it's it's cool to see the crossover to you know literally
professional video game players came into crypto understood uh the at least the raw dynamic of what makes
our economy work and how it goes and i mean they're successful here right same way when you
see that crossover with poker players and stuff like that so that's true the the poker players
were actually the people that came in during the first phase
because that's like zeneca's that was zeneca's like uh upbringing and like he was a big poker
player poker online and then they came in and came into nfts and now you're seeing like the
next 2024 cycle was like the orangey crew which is like the pro players, the Fortnite players. And it's kind of slowly evolved into like more and more of like the faster pace
And I'm like, what's going to be the next one?
Is it going to be like the virtual reality nerds that get into like these
Is that going to be the next one when metaverses come out?
Because they've been playing on the VR headsets.
They're going to take advantage of all the metaverse games.
So it's like you can start to see, this starts to get more and more down the curve
of like, this seems like the ages of the group are the ones that eventually take over. Like now
we're just dealing with Fortnite people. What's going to be the next class in 2028? Is it going
to be like, what is that class going to look like? orangey i mean as much as you want to hate orangey he onboarded a whole fucking new set of people in 2024 you hate them and you don't
but they're all meme coin traders and that's why these mean coin fucking charts go up like two
percent and then dump 15 because they're trying to be the next cup seat but uh double what's up
brother you playing this game today i don't even know if you're eligible even if you don't have
any double apes anymore bro i think you could play though absolutely not playing that game today. I don't even know if you're eligible. If you don't have any double apes anymore, bro. I think you can play, though.
If there's no million dollar prize, I'm not
playing. I mean, what's the
point? I can play any game.
Well, you don't know what the prize is, right?
Well, okay, what was the prize for the other three games they put out
But didn't they give like a helmet that you could have sold
Look, the best game they ever created
And the greatest Web3 game ever created was Dookie Dash
No, Temple Run is one of the greatest mobile games ever created I'm just saying that Basically what Dookie Dash was was Temple Run is one of the greatest mobile games ever created.
I'm just saying that's basically what Dookie Dash was, was Temple Run.
Well, yeah, every game you see is based on some kind of other game.
That's how the game industry works.
It's not like every game has its own core game mechanic.
How many Super Mario Bros. platformer games?
How many shooter games are it's
a shooter game right you have pub g you have fortnite the only difference really there is
no difference right it's just marketing or it's just like a different genre or a different kind
of theme so yes every every game clones each other in some way right but that's just based
on what people enjoy to play right that's what people play so that's what you
make just like movies right i mean a lot of movies copy each other's uh you know screen screenplays
and things like that and they put little twists on it but so i agree this is a copy of like fortnite
battle royal is this because that was popular yeah it's just a shooter game yeah it doesn't
matter what they're copying what it comes down to is like is the game fun enough to pull people away from another shooter
game right which is why shooter games it's almost impossible to get into making that i don't know
why people still try to make them i mean it's almost impossible i mean you would have to be
a trillion dollar company to even try to take on like a Fortnite.
So this game, the only purpose would be to play as a, you know, like you said, like for a prize and competition or something.
Before the prize was a million dollar NFT, right, that people were speculating on, which is why these guys jumped in. So why would they leave a fortnight you know competition where they're great at fortnight they all they have to do is go and play
and they'll make like you know it's whitelist to the next it's the whitelist to the next ip that
they're about to drop is what the prize is oh really oh okay okay okay so they're dropping no
i'm not saying that's what i heard that's what fucking garga was talking about on the live
stream they said they have something that's like ai uh and a new ip that they're ready to they're going to
drop they said they were going to launch it in june but it's july but they are launching something
new people have been speculating is it possibly a meme coin he has hinted that there's some ai
development in it and there's a new ip that's involved so maybe play this game. Is it a coda? What's a coda? They said other deeds
will be a part of it too.
Bro, you know what I just thought?
You know what I just thought?
into little little boo-boo things
Millions of dollars sold.
With a token attached to the back.
There's no way that these motherfuckers...
They need to hire me on the marketing team because
I've been giving these guys ideas for years.
There's no way there's no reward
to this. I'm going to work for
Pudgy Penguins. I'm going to work for Pudgy Penguins.
I've had enough of the board age.
I'm doxing myself at ApeFest.
I'm going to see what's going on.
I need to talk to some of these people face-to-face.
That's good stuff these days.
Wait, nobody cares about Node Monkeys anymore?
Oh, they do. Actually, did you see the new post from them?
The marketplace that they're building now?
Weren't you guys just talking about that?
We need a deck, so here come the Node Monkeys.
Nothing. Absolutely nothing.
But yet, they're doing the race cars
they're right yeah that story of the race car i mean you know that's uh that's one for another
day but it's definitely one you guys got to listen to like i mean when you talk about it
couldn't have happened to another group of people to make it make sense bro they got scammed they
paid someone someone stole money and then the guy
took his engine out of the car and said fuck you guys and ran off with the money like yo it is the
wildest shit and you're like i didn't hear this story there's actually it could only have happened
to the puppet motherfuckers bro literally so bro took his engine out of the car after he called
not bro not the driver like the the guy
who owns the car and received the sponsorship money after he did that he was like yo what's up
you guys paid for the car not the engine and like took that bitch and like dipped bro like dip like
left the race and just left the shell of a car there how do you just take out an engine doesn't
that take some time to just take
it's like a physical rug bro this is like a physical rug like you talk about rugging coins
this guy literally took the engine out of the car that had it and just like left it for dead just
like your typical meme coin would happen bro this is unbelievable i didn't know that happened
the catalytic converter is that what it's called that's probably what he took no they took the
whole fucking thing out there's so much lore here it goes so deep. I was oh yeah, that's why I said it's probably a story for another day
Because I heard it like the actual full-blown one
But uh, yeah, no homie like took the engine
They were like like high school shit
Rumors started then caused fights and then like destruction of property like the whole fucking nine
That you could think of and
it couldn't have happened to i'm not gonna say a better group of people but a more on par group
of people because hills doesn't deserve this you know she gives her all djn etc but other than like
for lore wise i mean this was 100 puppet coded from even the reactions to everything bro it was
crazy well i think which i think the revival
of this car should like we should get decentralized uh into one of these driving simulators and have
him go in and and sponsor the car again build an engine and have him race in the in in the uh the
races now bro like let's revive this this isn't the end of the story this is just a step so we
got pete we need to do drone racing drone racing is the next frontier that we're sleeping on and i think
that you know i mean they already have that shit but i think that that's gonna be wild just side
note talking about that look at the what i posted up top bro someone's there's a drone that was
created that goes zero to 200 in one second like yo i'm telling you that's the sound of death you guys are scared of
bullets helicopters bro that little of the fucking drone pulling up to your window that's gonna haunt
us for the next 50 years fam it's like some black mirror shit bro it is bro and then instead of
getting stabbed by a knife you're gonna have your neck sliced by a drone now you're just gonna hear that bitch outside your window and this is gonna cap you and it's over bro
No, but you need a defense
I had this idea about a defensive drone though like that just hovers around me. Yeah, but look you
Like look at this video double look at how fast that funky
And stronger yeah, I don't know bro
That's scary. Okay, if he runs up on my on my on my window my drone is faster and stronger? Yeah, I don't know, bro. That's a scary look.
If he runs up on my window, my drone would have seen him coming a long time before he even gets there and took him out.
It's like an Iron Dome defense system.
That's what I'm thinking.
What are you, Israel, bro?
You got the inside defense system?
That's what we're going to have to do.
I mean, that's what's going to happen.
What do you think the Transformers is all about?
You think they just made that shit up?
Yeah, Michael Bay is like part of the secret government.
He's just trying to hint you at like programmable stuff to make you know what the future is going to look like.
Yeah, there's going to be bad robots and there's going to be good robots.
And they're going to fight.
Somewhere like, I don't know, and just chill.
All we got to do is just chill. They're going to do the work and fight and shit. We don't have to fight anymore. We don't know and just chill all we gotta do is just chill they're gonna
do the work and fight and shit we don't have to fight anymore we don't have to work anymore
all we have to do is chill that's gonna be the best part all right no it's not because i don't
want to see i don't want you i don't know dude this kind of reminds me of like interocracy where
the guy's just sitting on his couch all day on the world. You know what the issue with this is, is that most
people can't deal with, uh, themselves. Like, let's just be honest. That's why you're so busy.
That's why you got so much to do. Cause the minute you sit there alone and ain't got jack
to do, but think and, and, you know, hold yourself accountable for your, you know,
failures or successes or whatever.
Then you turn into a whole different monster.
Yeah, but that's what Love Island is for.
We just need more content.
So the AI is going to make more and more content.
We're just going to watch the content and we're sitting there with the zombies that watch Love Island.
That's the most fun thing you could think of.
What's what's the slogan?
About being what do you call it ignorant ignorant is bliss right so eventually
that's where we're gonna be we're just gonna be happy and ignorant and just having fun while every
while the robots do the hard shit that we don't want to do anyway that's how close are we double
how close are we until where love island aren't actually people and that ai is so good
where it's just ai people that know like the most raunchy things to do and like we're just
you gotta have that ditty element people will never react the way that i mean robots will never
react in the same kind of cringe raunchy way that humans will you know there's something about seeing
the man that you slept with or the girl you slept with hook up with your homie that you was sharing a beer with two minutes ago
and then now you know like that that does something to you robots don't get it robots
are going to logically process that but i'm like damn bro i'd show a double for four years i turn
around and he over here macking on my girl that's crazy you know like you can't do that you know you're gonna start growing
you have to blame your girl why are you blaming me bro yeah see look you you don't got that and
it's like nah bro we're homies and you know you don't get that with robots dude you're gonna start
growing attachment to these ai companions bro like we're just the monkeys now that's the reality is
we're the entertainment monkeys we just got to be okay with being entertainment
monkeys, you know? But at least we created
them. Just imagine like now with
and Ruby, like this is just
the start of these AI companions that are
going to be around here for the next hundred years.
Eventually these little motherfuckers are going to be
exported into a metaverse and fucking
Valentin's going to cheat on Annie
and you're going to feel with Annie and you're gonna feel with Ruby
You're gonna feel something way about it, bro
And so like that's what I'm saying like we're eventually having we have attachments with IRL movie stars like the Kim Kardashian
But we're moving into a realm where we're gonna start having attachments to actually
These AI companions in these these movie stars that we don't even know
In Japan it's normal, right? I mean we we got a taste of it with gorillas here.
And I talk about that all the time.
I mean, what, like eight years ago, nine years ago,
whatever, I went to a rave out there in Japan
and people were dancing and singing to a hologram,
like a virtual, like the actual person who wrote the song
or who this was modeled after
could be next to you in the crowd and you
wouldn't even know and it was hundreds of people just jam into a hologram right the same way we
listen to gorillas and if gorillas threw a concert you would just go see the characters on the screen
i mean that's normal it's not normal for us not normal on this side but yeah dude i mean that's
already like normalized throughout you know certain parts of
the world i would say i would say that there will be a point where ai is so real that like a tv show
wherever this is streamed on like netflix will stream a reality show that's similar to the love
land or love island and it will be ai and they won't tell you that it's ai until the end of the
show and it's really going to fucking shock everybody that the fact that they got the ai
that looked that real and i just thought we're pretty close to that i know that's what i'm saying like we're
like two years away these humans i know so i'm like you think so but like in movies bro i see
movies all the time that you i don't know if they thought that they cooked with that ai deer or they
think that they hit that with the cgi but you can definitely tell that
hey this is a fake fucking deer you know we're not there yet it literally looks like a fake deer
is in the middle of a forest or a fake animal but at the rate of at the speed at which it's
progressing just think about think about let's say five years let's call it five say five years. Let's call it five years. Five years from now, you're literally not going to be able to tell.
If we're so close right now and how quickly it's moving, how much money they're putting into all these data centers and everything like that, it's going to be less than five.
I say three to five years and it's just going to be a prompting heaven.
You're just going to say, make this, make that, and it's going to be
perfectly... Refine itself.
Yeah, it's going to refine itself.
You're not going to be able to tell the difference.
One thing that I'm worried about
is when they don't need us to prompt
them anymore. That's the only thing I'm worried about.
But as long as they need us to give them the
input, we're still in control.
Yeah, I told my dad about ChatGPT yesterday,
and he was blown the fuck away.
He has like an old phone that won't be up.
He doesn't have the software to upgrade it
because he's just a boomer.
And I showed him ChatGPT yesterday
and all the things that it could do.
And he was like, this is magic, bro.
And I was like, that was kind of how I felt
when I first got on the internet.
So a lot of these people don't even know AI exists yet.
And they don't even know a lot of the marketing online, like the Facebook ads and stuff are AI yet.
They don't even know this technology exists.
And they're like falling.
Like he's telling me that he's buying all these scam products from Japan and vitamins.
And these influencers are telling him to buy it.
And he's showing me the influencers.
They're all AI influencers, bro.
And I was like, dude, check this out.
Like, what's this? I'm like, dude, check this out. It's ChatGV. Like, what's this?
I'm like, dude, you could prompt this and pretty much solve any of your issues.
I could flip it over, turn on the camera if your car breaks down,
point it at the problem, and it could tell you how to fix it.
He's like, oh, my God, this is nuts.
I'm like, yeah, bro, like you're living in like 1995, my guy.
Like this stuff is taking over the world.
And it's basically manipulating you to buy certain
products while you're scrolling through the internet in the middle of night he's just talking
about how he's like buying stuff online and it's not coming to his house and he's wasting a lot of
money and he's believing all these these influencers and stuff that this vitamin is going to change his
life started looking at the ads they're all ai generated ads bro i'm like this dude doesn't even
know he's being psyoped in a world that's like developing faster around him, bro.
And I'm just like, there's so many people
that don't even use these AI agents
as we speak for their everyday lives yet.
And just imagine when that starts like coming.
Like we're on the cutting edge of this stuff.
We're here looking at technology
and like the majority of the world
isn't even knows this exists,
which is actually pretty crazy.
Did you hear about the meta thing with the ads?
So everyone's asking why they're spending so much money,
To hire like all the open AI guys.
And I don't think people realize what they're building,
They're building their ad platform so that all you have to do is prompt the ad platform and say, this is my product.
It's a t-shirt, whatever.
It's a Bored Ape t-shirt.
And then you just tell it.
You don't have to create the ads anymore.
It's going to do it itself.
And it's going to optimize everything.
It's going to go look, the people throw the ads it'll be able to spin up like hundreds and thousands of ads and show them to
the person like and optimize for every person individually right because it's going to because
that's their hook back in i think that's what my dad was falling for bro yeah that's what it is
that's what my dad was falling for right now right now people have to create those ads so you have to
use a tool like whatever gro Grok or ChatTBT,
and you could make all those video AIs,
and then you put it into regular Facebook platform
and then run your campaigns.
But what they're building is where you don't even need
to create the ad yourself.
It's going to create the ad for you.
You just tell it what you want to do.
So it's like, hey, I have a course on this or that.
I want to sell this course. This is my optimal target. Boom. It just goes, generates all those
talking face ads or whatever ads it needs to create. And it'll do whatever it needs to do
to get you to buy it. And it's just going to be, you know, the conversion is going to be crazy.
So that's why they're spending that much money. Cause if they could take that over,
you know, they're just going to, they they're gonna win the ad business even more but that's the that's why they're doing that well you see a button you see
like uh open ai is creating its own web browser i mean google chrome browser like i think it profits
like 500 billion dollars just in ad revenue so it's a big market and you would imagine a lot of
these ai technologies are going to try to siphon some of that out with like what you're mentioning
like being able to go straight to market with just a prompt and create
all the marketing that best suits the dopamine hits of each user because like
these phones are tracking your eyes they know what you get attracted to and
eventually that data is gonna be sold to these AI agents and you're gonna have
like curated marketing just for double ape or just for me what is what makes my
makes everybody's heart like what a particular demographic does so i feel like we're just going
to get more and more curated marketing in the future and a lot of this stuff like these tracking
of your eyes and like the dopamine hits of where you scroll and what kind of gets you excited
is ultimately going to be integrated into like these a bots and create like you know marketing
campaigns for each user so we have chat gattu V5 coming out in August.
We have OS, open AI creating their own web browser here soon.
And so stuff's going to start getting crazy.
And like, ultimately, the goal is, like you said, just open up your Netflix app, type in,
I want to see Love Island style shows, and then the AI generates the show for you.
And you can basically pick the people in the show, the ai generates the show for you and you can basically
pick the people in the in the show the length of the show what you want some raunchy stuff to be
and then it's just basically going to be a creator economy of whatever you want to prop is basically
what the entertainment's going to be in the future so we're not i mean it's i mean we went from will
smith can't eat spaghetti to will smith now eat spaghetti and like now we retail has basically
the access to all this stuff so what are they actually holding back that they have access to
haven't released so it's gonna get crazy the next five years man and so go ahead chief i got went
to the ai fucking time drum here oh you're good i was just posted up something up top there's a
that's available it has uh it's the Julian Assange files, right?
I mean, they started inscribing these, uh, as people started trying to delete them.
So that's basically what it is. Uh, it's a way to preserve these documents forever on chain and just, uh, so a story, right?
Doesn't just kind of get deleted. And ultimately I think that this is where the fun begins in ordinals.
Yeah, none of this shit is sexy.
None of this shit probably makes you money.
But shit like this is what actually gets you in the books
and kind of written down into history, you know,
and that kind of stuff, like actually remembered.
Because money comes and goes and stuff like that, right?
So when we start seeing ordinals being used for activism,
for preservation of full economies, ecosystems, ideas, thoughts, controversy, right? Censorship,
resistance. I think that that's when Bitcoin starts to really thrive and ordinals really
activated. We haven't seen it too much besides this Julian Assange and then just product Spartacus,
I haven't seen it too much besides Julian Assange and then just product Spartacus, but I do think that we'll see more versions of Spartacus or something with those same ideals of preservation, using ordinals as the library of Alexandria, and just doubling down on that idea of information should be readily available for all, right?
Is this the Jern one that Jern does with, like, he was inscribing?
No, he does inscribe, yeah, that's what I was going to say.
He does inscribepedia, and that's another similar concept, right?
He does it for books that he wants to put on chain and preserve.
And I've shared this with you guys before,
but there's one of the longest-running Roblox servers is a library, right? It's a public
library that people have, and it's huge, huge, huge, massive of a server. And it has all the
banned books. It has all the stuff that you can't access based off geolocation or geo restriction
and stuff. So basically making it a public, right? World ledger, world library, world preservation space.
And so taking that from this Web2 server based, I guess, world of Roblox, right?
And actually leveling it up to Bitcoin or just blockchain where this becomes immutable, can't be changed.
changed, it's actually preserved. I think that that's ultimately the next step. Or in reality,
I think that that's ultimately the next step.
in my honest opinion, like the true activation or use case for ordinals, right? Everything else are
just ways of preservation of culture and time. In my opinion, even art is included in that.
But for me, it's more so of that, right? Util utilizing ordinals in the protocol as an open ledger and then what you can kind of save with it
That's dope. Um, it looks like we're getting a little bounce on Bitcoin here, which is nice
Marty's been Marty's always shown that I always like like what he did his TA and stuff
he's always someone that i always like like what he his ta and stuff he was like uh showed this
chart yesterday he's like the basic bitcoin ta learned the 50 pull at pullback exactly 50 of the
move from july 10th was flushed and then we basically he basically reiterated that we just
hit the 50x leverage um like they flushed 50x leverage out and that was kind of he's saying
that this the bottom we hit like we're now we're going up to 116 we are at 115 and a lot of that
too is uh i saw speed racers post and i've just been seeing other people kind of along with marty's
is that it's being a lot harder for them to flush and grab liquidity during the day with such
inflows coming in that they're being now forced
to do these liquidity grabs overnight, you know, because of just all the institutional inflow that
you have and just the natural buy pressure. Yeah, the natural buy pressure for during the day. So
I was like, damn, that actually lines up and the charts make sense on those, you know?
Yeah, because we all know that leverage, they got to clear out the big leverage. They're not
going to let someone have a generational 50x long if we're going to continue to go up.
So the order books and the centralized exchanges flush those out and they get rid of them.
And then we continue to go up.
So the 50% pullback to 15,300 complete.
All 50x longs liquidated.
Next level, 125k, 140k, 160k.
Yeah, there's a lot of liquidity on the heat map at right above 122, which is what I thought was odd of why we were going down this morning. Right? 140k, 140k, 160k. you're fighting bulls right i mean when you guys or when we think of it i mean these are battles of people that are actually actively shorting and people that are actively longing going back and
forth and so to a certain extent if you're on one or other side of this battle there's certain key
levels that you either go to the front line and you defend or you let go and you say hey they won
this one and we're on to the next one you know so yeah and like you have the usually the initial dump is the is the is the biggest one and then you start like once you
hit the bottom you see like the slow like four hour candles and then it pops up so typically
you know you'll start having people get confidence that we're going short and then the shorts will
build up and then you'll have a short squeeze and that's when you start seeing those little
god candles back up to like the 118 the 120ks so i think we had the initial dump and now i think it's just you're gonna start seeing you
know people oh we're going lower and then we'll get like a short squeeze i don't know now that
we're heading into the weekend that we'll actually get that god candle until maybe sunday night or
monday when we get the etfs and institutions back buying coins. So I think this weekend will
be a bit choppy. We'll probably go back one to 115, 116, 117, and then we'll see how Sunday opens
and if there's any big announcements over the weekend and we'll get pre-market. And typically
Sundays and Mondays and Tuesdays have been pretty good days. And then Wednesdays are an off day,
and then we kind of go into the weekend again. So I think we have seen the bottom.
We saw it last night and this morning.
And I think we chop around here until Sunday or Monday.
And then we possibly go back and start retesting those 120s next week.
So a lot of scariness in the market.
But like I said, everybody was looking for an entry.
for an entry. Everybody's like, I don't want to buy the top. And then when you get these
Everybody was like, I don't want to buy the top.
And then when you get these opportunities, no one wants to buy.
opportunities, no one wants to buy. So the best trades I've ever had have been buying
these uncomfortable moments. And we've just got an uncomfortable moment here the past 24 hours.
And I did place some positions and that's my bet. We can always go lower, but ultimately,
I'm kind of looking at what the same everybody else is looking at. And when everybody's looking
at like, oh, we're going down to 100K9,
typically the market isn't going to let it go
down to 109 since everybody's looking at it. So
I don't know. I feel pretty confident
going into the weekend. I hope everybody
had a great week. We are here
four days. We're not going to be
here tomorrow. But Chief, do you have anything else you want
to discuss before we wrap the show up?
you know, it's kind of one of those days
man uh 29th let me see what day uh no we'll be back nothing that's pressing that won't be here
by the time we get back um i did think that this was interesting i mean we saw um what was it
for those of you guys that are participating in ethos, shout out to Serpin, man.
I think this is one of the best trolls that we've seen so far.
So he coded an agent for Ethos.
The agent advertised review for review, right?
And it's something that he's actively said he doesn't want,
you know, a part of the platform.
He wants integrity there, etc.
And basically, the agent would prompt you if you want to swap and change reviews for them, right?
Everybody that spoke to the agent actually received a negative reputation.
So he used it as a honeypot.
If you went in there to try to get yourself some extra
ethos rap and you try to get this agent to review for review for you, when the agent went offline
yesterday, he compiled a list of everybody that basically tried to cheat and game the system,
and they all got slash 25 points. So if it does sound too good to be true, probably is.
That's been, you's been normal in crypto.
You never won the BTC, right?
Don't give them your seed phrase.
But we show up every day.
We create our own opportunities.
We don't depend on luck or giveaways.
And so appreciate y'all for coming out to the TDA.
Tuesday through Saturday, 11 till about 12, 1230, just depending on the conversation at hand.
Tomorrow we will be off guys. So we're alternating Saturdays. So see you on Tuesday. After the show
is over, there will be a thread that goes out, covers everything we talked about it,
used as a resource for you guys when you're doing your own research later.
Number one reason and way to burn money is boredom.
We'll catch you guys in the Foundry.
Y'all have a good rest of your day. today. Thank you.