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WEB3 EXPOSED 🌶️🎙️
Recorded: March 31, 2025 Duration: 1:32:40Space Recording
Short Summary
The discussion covers new project launches like Doodles' Project 2, token launches with liquidity challenges, and the decline of X2Y2. There are insights into the potential growth of the Web3 gaming ecosystem, trends in the Bitcoin ecosystem, and the impact of tariffs on the market. The conversation also highlights the importance of being in assets rather than fiat, reflecting a growth-oriented perspective.
Full Transcription
Thank you. you I'm back and it's up PSA.
I'm just picking up all my shit at TSA.
I know we make the day, but I'ma need that TSA.
Michael extra extra just so I can see that face.
KS's and O's and interchange.
History in a row, that's just a game. Oh Oh, my ass is what I'm on new that's just a day.
Might go extra extra just so I can see that face.
X's and O's and interchange.
History in a row, there's just a game.
These rings in a row, I got my pain.
Cause I can't even hold my baby's fame. to
little Little bitch don't talk to me like a lot of me. Raid drop of flame, shit I'm with the zombie.
Corn is saying, I'm gonna get sang,
came to be hard in the setting, you know what I'm saying.
If I'm in this poet's got me,
all is the problems, all is the blessings.
Make this for the first one, then I'll wait a second.
Yeah, military with the tactics,
mugs like millions, mugs like fascists.
She like Chris and Michael Jackson,
purple, red, and mirror, sand,
and sandwich, 15, matching with the fucking Michelin. They gon' need all the help they can get if it isn't me. Success is a chain reaction, I'm the fuckin' Mr. Lane.
Ain't a world where niggas can do anything for everything.
Damn.
Keep X's and O's and interchange.
Just hit three in a row, that's what she came.
Three rings in a row, I doubt my pain.
Cause I can't even hold my baggy strong.
I had to restate my credit.
I'm very ill-a-lady-betic.
I'm closing the hands on the shit.
I got a little trash. You remember this one?
What happened?
We don't hear this one anymore.
Why?
You don't remember this song? You guys, what happened?
You guys are acting a little brand new.
I remember every other space would be this fucking song when you're filling your favorite shit coin with pumping.
Welcome to the show.
We're about to start momentarily. Happy Monday, 645 p.m. Eastern. If you're not here, it's
okay. Get your eyes here. Talk to somebody. Do you mean prophets? I am here. Wake the
fuck up. You should be excited. You should be thrilled. You live another day.
God gave you another day to live.
Be excited.
Let's go.
I'll be excited about my fucking self. I'm going to go. Oh Oh, come on. All right.
In about 47 seconds, we're going to get this show on the road.
I've been off Twitter majority of the day.
I can't tell you the level of clarity I am at right now.
However, I've seen a lot of mixed stuff on the timeline.
The Ooty stuff is just a joke, obviously, but that's just hilarious how we just take shit and run with shit.
I think actually people believe this stuff. I'm not gonna lie. I used to believe some things.
And then you'd be like, all right, let me go on the timeline. This isn't copy pasta.
Voli knows. She's laughed at me a few times. No, but some things, now it's like a fucking thing like i think there's people that just
i don't think i know people just sit there at the crib like how do i fucking piss the timeline off
even if it's a few people uh but but it's a really good time in the market the last day of the month
april fools tomorrow prepare to see some of the dumbest shit ever tomorrow on the timeline 24
hours from now just prepare all the dumb shit is all the dumb all the dumbest stuff in the world
is going to be spoken tomorrow uh we have uh what like five or six different things to discuss today
that i think are important new dApps new protocols uh I think it's safe to say that you guys are a little burnt out from, you know,
shitty apps and shitty dApps and just things that aren't really profitable.
There's, like, I remember DeFi summer a couple years ago, 2021,
like, there was so much activity.
2020, so much activity. and and not a super super bowl
right it wasn't like all-time high it was just trading bitcoin was just just steady like similar
to what it is now uh and i don't hear it enough i don't hear enough people talking about it
so i'll bring up some things that i think uh are worth to, pay attention to, all that good stuff. Real quick,
guys, do me a favor, tag a founder that hasn't rubbed you. I'm doing a survey. Doing a survey.
So do me a favor, tag a founder that has not rubbed you. I know I always say tag a grifter,
and those are easy. I'm already, I'm kind of sick of seeing this thing. I want to see some new blood. So tag somebody, a founder that has not rubbed you. I want to look at their NFT collection. You guys
like to talk and talk and talk and talk about tons of dumb shit. And I swear the companies that try
that came from 2021, I think get the most backlash when they're trying to do something
decent. It's one thing if you're trying to do something decent it's
one thing if you're trying to like do some weird shit but you guys is like what nothing is
can't please you people but we're gonna get into it in just 40 and i have 40 seconds so let's go
melina Melina!
I'm gonna play.
I'm gonna play.
Fuck is Walker doing in his face?
Pull up, bro.
Spit some Grove Street for a motherfucker real quick.
Life is all about you.
And not at all about you. And not all about you.
Come on, Walker.
Spitz some shit.
I think Walker's still doing a cow.
I can't tell.
Nah.
Nobody goes harder than this right here. This was before Waka turned vegan, by the way, so it makes sense.
I wonder what his music sounds like now. This is him in his track of Be A Better Well.
Yo, that boy Tooney working on a new tune.
He don't even know it.
We got a call tomorrow, but he's about to make a new tune
for Wicked Re-Exposed.
Everybody got inspired after the year.
He got exposed. He got inspired after the year.
This song is older than some of your favorite founders.
Welcome to the show.
Welcome to the show.
I didn't drink a Celsius today, so bear with me.
Let me, uh, I'm trying to go back.
I'm trying to be healthy.
I'm trying my hardest.
Ginger bomb.
Let's, uh, see what this is about.
Holy shit.
That was spicy.
That was spicy.
You fucking hating ass supply guys can never take a ginger shot if
you can't take a ginger shot get the fuck out of my mentions while we're waiting for some people
to pull up let's see let me go through my bookmarks this is my form of news I bookmark shit. Doodles co-founders Evan and Poopy are teasing a new project called
Project 2. The website prompts users to secure their spot for Degenfusion. I'm excited to see
about that. I want to know people like people's i feel like sentiment on doodles are like mixed i
see a lot of bullishness and then i see a ton of like fuck them i'm not gonna lie it reminds me of
azuki days azuki in my opinion now the sentiment is azuki's good which i get you know i definitely
agree but besides how i feel that's not the point uh i remember at one point it was like only
bay c and then maybe bay c and pudgy in this like successful nft 2021 conversation and then
now when we see these combos i see bay c um uh what's it called pudgy's and then now and uh
now anime now what's it called azuki beinggies. And then now, and, uh, now anime now,
what's it called? Izuki being mentioned. So I, it's like,
we're slowly that's that little list of successful projects. According to you guys is starting to grow. I'm not a lie. I agree. I, I,
I've been saying this. It was very obvious for a long time,
especially in 2022 when you saw how a lot of projects decide to pivot.
And this is not to blow,
to throw under the bus to people that tried and failed.
There's a difference between trying and failing
and then trying and then knowing
you don't have a fucking plan for any runway,
let alone a business to run.
That's a fucking slow rug. Back in the day, you guys would be like, oh, what alone a business to run, that's a fucking slow rug.
Back in the day, you guys would be like, oh, what's a slow rug?
It's just a rug.
A slow rug is, oh, we got IP.
We got this creative program.
We got this amazing art.
We do spaces and we do events and blah, blah, blah, blah, blah.
Raise X amount, but burn rate is so fucking high they don't
even last two years and then it becomes oh you know ah you know we did this and then we did this
and my only like i have tons of examples i think i'm gonna bring on somebody in the show later this
week he's actually a fucking gem smart Smart as fuck. Did a project.
All the funds went back to the community.
It's all on chain.
And it's just, Luna, I don't got time for you right now, Luna.
Bring that ass.
Anyway, the point is, it didn't work.
He put in his own money after that as well.
Didn't work.
And the community, though, didn't call him a rugger or anything, right so there's a lot of these like situations and i and i just think it's important to highlight like it's okay
to try and fail it's really okay i promise you it's okay but on the other on the other side of
that spectrum not everything needs to be a fucking entity or a coin Not everything has to be a coin. I kind of wish I met some of you in my, um,
fully. I'm sorry if you have to leave, but I'll go to you in just a second. Um, I, I, I remember
this being a thing where it was like the next best fucking course being sold. Um, I really
wish you guys would just like, just for five minutes, just look at some traditional
business YouTube videos.
I think you'll get so much fucking insight from that.
But yeah, like, comment, repost if you haven't already.
If you haven't done that, if you haven't tagged your Salon address below, I'm just going
to assume you go to people's houses and eat all their stuff without asking.
You don't even take your shoes off.
Just nasty motherfucker.
You're sweaty. You just came from the gym you sit on their couch go in their
fridge just disgusting uh and i know that's none of you guys i know that's none of you guys
first take of the day goes to vol what's up hi profits they're profits um yeah on the
great segue there uh on the topic of not everything needs to be an nft uh xtyc is shutting down
uh sounds like they're they're i just posted it to me and it's uh it's linked in there too but
yeah kira just put it up here but uh yeah i haven't seen anyone talk about this and it was
posted 15 hours ago um but the the funny thing is like at the uh bottom of the page i guess you can like mint an nft
of any like blog entry they have and you can mint an nft that says x2 y2 sun being sunset
uh so yeah i don't know i thought that was funny um one last mint before they shut the
what the fuck was it free at least i don't know imagine it's like eight dollars no but the bottom of the article the
bottom of the article says they're gonna pivot into like something something to do with yields
uh i don't know i don't know i'll pin the reply that has the link to the article too
damn i gotta dive in i gotta dive dive deep into this this is very funny to me
um the do you know anything about this gun launch i know you're into gaming yeah I got to dive, dive deep into this. This is very funny to me.
Do you know anything about this gun launch?
I know you're into gaming.
Yeah.
Yeah, what do you want to know?
How'd it go?
I was hearing a ton of, like, I remember the hype behind it.
But I don't know, in my opinion, and maybe you're a better judge of this than me,
I never liked TGEs that are super, super public.
I know it's needed, and I've seen liked, I never liked TGEs that are super, super public. I know some, I know it's needed and I've seen successful ones, but I just feel like a lot of them are filled with a lot of
shitty KOLs. Right. And so I don't know if that matters in a sense for the price, but I mean,
fucking the charts are always ruined in my opinion, at least at launch. So did this launch
go well? Was it a, was it like properly allocated or? Yeah properly allocated? Yeah. Actually, I haven't looked at the whole thing.
I do know Jonas put out, like, 12 FUD tweets and a 15-minute video.
So take it that way you will.
But, yeah, I don't know.
I think it was fine.
I think there's some FUD around, like, they changed tokenomics last minute.
And, like, some investors were, you know, not aware, KOL, whatever it was.
I think it's probably due to like listing with Binance because I know Binance like makes you lock it for a year and like some weird stuff.
They want to have a low float, high FDV on launch, that kind of stuff.
So they can sell their listing package to more tokens.
Fun fact. But yeah, I think like overall is probably probably fine um could have gone better i'm sure but also could
have gone a lot worse do do in your opinion as a and i'm not gonna act like i know this field
because i don't i just like to play stuff but stuff. But it looks like the ecosystem of Web3 Gaming has changed a lot in a good way.
Hey, I'm the guy who supposedly posts 12 posts, which is not accurate since she likes to spread that.
What would you like to know?
Oh, no.
I heard you on my stage earlier.
I was in the gym.
I caught some of it.
I love always what you have to say when it comes to critiquing and shit.
But, no, I was just asking how did the launch go?
Was it like properly done?
Yeah, well, you know, since I posted 12 posts and did a video so I actually know how it went
It went fucking terribly complete fucking disaster
From what I would not touch it got you know
And like when you say that you mean like the people who had aloe dump too quick or like what do you mean exactly?
No, it's not a real token launch
There's only 2% in liquidity 4% to binance pools and binance reward holders they're gonna keep dripping
it out most of the node people got their initial deals revoked decrypt is putting out a story about
that already it was pretty much confirmed as far as i'm aware and uh the team built a great
game but yeah i mean like what else he was supposed to do was a weak launch what it is
But yeah, I mean like what else he was supposed to do was a week launch what it is
It's good. It's not great man. Yeah, well anyway
Since I put out 12 post and 15 videos, that's all I had for you going back to the gym
Hey enjoy the gym, thanks
So he brought it he might have had allocation. I wonder how that I
Really I'm just I'm not trying to be facetious here.
I want to know what the fuck is a successful launch.
I never took tokens before, anything.
And if I did, like any type of pre-anything,
I didn't really have to promote it.
I just took them or whatever it is.
Or I had access to early rounds and shit like that.
And to be honest, more of them have went to shit than the other.
Don't get me wrong, the others's made up for it, thankfully.
But I don't know.
The ones that I get promoted in my DMs, like, oh, we need more KOLs or blah, blah, blah.
Would you take this?
And some shit looks decent that I maybe entertain.
But, like, I've just always seen this.
I've always heard and seen this outcome.
So it's hard.
I'm like, nah, brother, let me get them stables.
So I don't know. Carol, I mean, i don't know if you have any expert takes here but i don't know i have
zero expertise on anything i just like played the game it does look like decrypt just put an article
out i i don't see anything in it about the nodes um they just cite some like stuff about the actual game and then uh
something about like the binance launch pool but yeah i don't i don't know what the node stuff was
is it the crypto wait you're talking about crypto zoo tweet uh no one one down from that it's like
at gg decrypt yeah i see i see now oh. Oh, okay. Okay. Off the grid gun token.
Wait, this is off the grid token.
See, this is what I'm saying.
Yeah.
So off the grid is the game from Gunzilla, which is like the studio.
And then the GunZ blockchain with gun token.
So it's like kind of confusing, but.
I wonder how many holders there is.
I thought.
So it says there was 1.7 million participants in the launch pool.
Which is like...
Can that be botted?
Oh, I'm sure, I'm sure.
But still, I think that's like really great vanity metrics,
whether it's botted or not, to present to Raze.
Because it seems like, you know, Off the Grid is like a...
I played it six months ago.
It was like kind of wonky a
little janky apparently it's good now easy's been playing it just for fun um so i i think the game
is like probably in a pretty good state and they probably want to raise more uh because they don't
want to use token to fund the game like that that's really stupid games are super fucking expensive
and they don't want to like make their investors piss that have tokens and the price just keeps
going down so they want to get these really amazing metrics this is what i would assume
is they'd want to get these amazing metrics that they have of like 1 billion ftb out the gate 1.7
million users high engagement on twitter high engagement everywhere uh you know these these
web2 vcs they don't they don't even fucking know what crypto is, right? Like, they are not going to be like, hey, what was the floating, like, supply?
Like, what supply went to Nodeholder?
No, like, they're going to be like, how many people bought it?
What is it worth?
And they're going to be like, okay, here's $20 million.
Okay, so I understand this, building literally right now a startup and hearing what...
But I want to argue this.
I think it's VCs in Web3 that are treating us like traitors, let's be real.
These aren't traditional investors.
Well, the other thing, too, is like with Binance listings,
I don't know if this is like a one-size-fits-all,
but my understanding is they require the entire team
and early VCs to lock for at least one year,
speaking from experience.
But yeah, I work with a bunch of the token teams
and the ecosystem and games and stuff,
and they've all had very similar experiences.
So that's probably why the tokenomics
and the node buyers and VCs were last minute cut out.
You thought you was having a payday.
Not today.
Not today.
Are you bullish on Web3 Gaming, Vol?
I'm bullish on games that are good and fun that have enhancing elements of crypto but it's not
solely based based on crypto like a play to earn um and that crypto is not a hindrance but more of
like a benefit and a way to make money so like something like cs like a lot of people don't know
cs is built on a fucking blockchain like it's built on mythical um which is really cool and you don't feel it you don't know about it like a normal
joe schmoe is not going to fucking know he's using mythical blockchain same thing with gunzilla uh
off the grid is built on a blockchain every time you open something or do something in game
shrapnel all these games they use crypto um gun z i think they'll have assets where you can like
trade them on openc or something like that so uh yeah i mean it's it's just like a peer-to-peer
csgo skin shop essentially
yeah i mean it looks like there's more activity i i and volume i look at things and
years ago we i mean i say this all the time.
Kareel's going to laugh.
We graduated from believing people are going to launch a fucking sick-ass, amazing game with a whole million bucks in mint funds.
We learned real fast that that's not going to happen, right?
That's not real.
And then further on, we learned even some of the biggest and the best companies in our space you know presumably from 2021 respectfully they kind of even sucked at launching uh their own worlds right you got
people that came in and you know power world the game that was like viral like six to eight months
ago yeah the the guy that created that game owns like part of one of the biggest crypto exchanges in japan
why didn't he put crypto in this game probably it's probably not just like his decision
nice music profits no it's like the publishing the whole publishing side of it is very difficult
to navigate right like none of these like platforms like xbox or playstation want you taking away
their revenue from the credit card processing like they're not really trying to hear that shit
can you guys hear me
yeah we heard you do the little in and out dash thing because it forced me i was trying to save
it i saved it though it's like a fucking it's like a dunk when you do that shit.
No, but, so, okay, sorry. Can you repeat yourself? Because I didn't even hear it. I just heard, let me say, six months ago this game came out in what?
Guy that owns one of the part of one of the largest Japanese crypto exchanges. So it's like
You know, it's hard to navigate this stuff to like what were they gonna do give you like a
Cryptocurrency every time you like mined gold there was so many exploits in that game and so much like
Farming like I don't know it was good while it was good and then it wasn't like you know
what i mean there's i just mean there's like when you put out a token there's a certain amount of
permanence that people expect because like you're telling them to buy this thing so they can do this stuff with it.
I just want to put my money where it's going to grow a nice
5,000x
in 6 to 12 months.
What game is doing that right now?
Anybody know?
Realistically, it's probably
some bootstrapped indie game.
Realistically, it's probably some, like, bootstrapped indie game. Realistically.
Yo, actually, I was having a convo with somebody the other day.
Is it an engagement hack to, like, buy new games that are popular and stream them?
Is that an engagement hack or what?
Probably.
Yeah, it's actually, like like a huge engagement hack for fucking
For You page on
what's it called?
On Twitch.
If you're always streaming the latest games.
And then, you know,
you clip them, and then you put them on
YouTube Shorts.
Hold on, I'm reading a post from Grail.
Okay, so bad news for all the seed and strategic investors in playa.
Okay, let me just put this to the top.
Holy shit, this is a long motherfucking tweet.
This was made seven hours ago.
Okay, my thing is this how did you not know this before putting the the uh how did you not know this before putting the coin on binance like didn't you isn't this like specifically stated i
think i think some of it's like um i think some of it's mentioned probably last minute
on like binance's team mentioned it last minute?
Yeah, I don't know.
I assume there's like a ton of conversations
because I feel like a lot of token teams
if Binance or Coinbase is like
hey, actually, you guys can't touch your tokens
for a year, a lot of teams would be like, whoa.
Whoa.
Is this worth it?
If that was the initial
hey, you can't touch your tokens i don't know
i don't know how this conversation's going fair enough chris did you have something to say i don't
think it's productive but what's up oh man not productive so did you buy a gun? No, I didn't.
I faded it.
I didn't get it at all.
I'm interested in these web-free games off-grid
and the style of the games, very intriguing,
like the 3D animation, the cinematics,
the military theme shooting.
That's all what these games should be about.
Is it the next Call of Duty for the blockchain?
Is that what it's going to be?
Are we going to get Call of Duty on there?
That would be intense if it got to that scale.
That would be adoption curve.
Is it me
or is everybody buying
apes again?
Vo, did you get your ape?
No, dude.
I saw Min bought Bunny's Lowe.
Finally, dude.
He finally sold it.
Wait.
Hold the fuck on.
What?
Yeah, dude.
Bunny's Lowe.
Dude, go look at Min's Tweet.
Go look at Min's Tweet.
No, no, no.
But that's not Bunny's Tweet.
Bunny's Ape.
Hold on.
Are you trying to be funny? Hold on. Let i'm looking i'm looking oh i see what you're saying they look very similar yeah it looks like
bunny if he has like too many cigs you know this one actually exudes more of bunny's energy Benjamin did you want to share anything
I'm GM everyone
I don't really have nothing to share
I feel like I'm bullish on gaming
I want you to have nothing to share
from the crowd appreciate you coming up
anyway
Melina if you're busy no worries but i'm curious as to how
you're feeling about this whole bitcoin ecosystem right now is it is it a mint party should i drop
a bitcoin ordinal collection what's going on here um um yeah ordinals eh who would have thought um listen what's up with your tweets you said
mark safe for minting the wizards what does that even mean hey listen they told me they created
that like three months ago when their idea of marketing was to tell people that nobody wanted
a wizard and so i kind of this is what happened over the weekend. I went through my screenshots and I was like, Oh yeah, I fucking saved that shit. I'm going to post it on Monday. Um, actually
people got mad at me for it. Um, no, you, and you know, this profits, Udi came to your show
and he told us, you don't need to mint it. You could just right click save.
And so that's what I'm doing. He told me I don't need to mint it so i'm not gonna buy it that's it i don't know anybody else
maybe we should buy it i'm not gonna buy it
i'm i'm definitely you know what i'm i and I've told this to a lot of people, I'm just sacking the stats. I like, I'm in my own race with my number.
I want my number to go up when it comes to how much Bitcoin I have.
I don't give a fuck about the art.
I'm sorry.
I'm just, you know, um, I got, imagine a bolt of lightning that comes from earth.
I just, I got wrecked on eth right so you can't make that mistake with bitcoin though
so that's you know that's where i am but um i'm still a part of some cool communities though
there's some still dope communities on ordinals uh i don't think you know in in fact i would say after wizards my hunch is
that they just they wiped out all the liquidity there so i think now we're gonna have to take a
pause there that's where i'm at but i could be completely wrong like i don't know vo what do you
think few people in spaces yeah dude dude, I cannot comment on this.
I do think it was a very expensive
mint. I did not mint. I like
Udi. I like Bitcoin. I like
Magic Eden.
Let's go, Max.
I don't know who's talking. I'm sorry.
I try to see this. I try. Everybody's
accepted on stage. I fucking try, but you guys
just fucking suck with the mute button.
But I don't
think anybody's talking bad about the Mint from a standpoint of they're angry. I have not seen any
true angered posts. It's only like speculation and people looking for engagement, to be fair.
I'm not just, I got like four DMs like, oh, you see, told you, you know, we were right. And I'm
you know, we were right. And I'm like, bro, what do you, what do you, what do you mean?
like, bro, what do you, what do you, what do you mean? You were right about what? Like,
You were right about what? Like, I don't know. And then there was also, I think it was, was it
Frankie? No, it was a Tima trying to get that motherfucker in here. He was stating, uh, I think
it are one of our chats of all that. He was like, Hey, it's not a bad thing, but there's, uh, mad,
you know, a lot of fresh wallets minting this but let's be fucking real guys this is in every
single collection does it mean it's right not necessarily i just why do we pick and choose
what we care to monitor on the blockchain um this is all i i think for the wizards i think people
are bitter like that's where i'm at because like I can tell
you how good it feels to not give a shit like I don't care about it but people seem to care about
it you know so I just think people are either bitter about it or they feel like why did they
do this but at the end of the day it's like like, like with everything else, you, if you don't like it, just go somewhere where you like it, you know?
So, but I don't really have an, like, we talked about this prophet.
It's like, I don't have an opinion about the Taproot Wizards.
I'm totally cool with it.
I don't have an opinion about it, you know?
I'm just happy that I'm not FOMOing into it, you know?
Because I've grown, because I've grown,
because I've been here, because I know how it is.
So that's me,
you know? But if somebody else feels like they need to mint this or else,
then go do what you gotta
do. But everybody
else, there's a ton of other art
on Bitcoin that you could go buy and
on Bitcoin that you could go buy and
make yourself happy.
Yeah, that's what I was saying.
I don't see
like, you know,
actual people that
seem excited to mint
too mad. However,
the OG community, the Discord vibes, I don't know.
I genuinely don't know.
But hey, you guys decide and choose who you give your money to at the end of the day.
You choose.
You choose.
I mean, you guys like Cardano and XRP.
Right?
I'm looking to get trolled today.
What's up, Reli?
Welcome to the stage.
Yo, profits.
April Fool's is tomorrow.
Yep.
It is.
We're starting early.
It's already tomorrow for some people.
Yo, yo, Reli, what's good?
Yo, I'm so sorry. I was speaking to y'all. I thought y'all heard me how's it going today oh yes it's a real human i'm good man how you doing i'm doing wonderful it's a beautiful day
outside man i cannot complain everything going according to plan what's the plan um honestly
get some things situated and set up i'm trying to figure out a few things a few
a few moves to make in the next few days um i'm trying to get situated in some business
endeavors and i'm paying attention to what you guys are talking about right now
oh nice how did you find a space really oh it was on my twitter stream i seen a couple
mutual followers oh let's fucking go yo do me a favor bro drop your what's going on drop your solana address
in the bottom right corner i'm gonna bless you with some solana for pulling up to the show today
bro my solana address one second got you got you oh really are you new to crypto or you've
been around for a while i have some experience but I honestly haven't indulged the way I should.
I'm the type of person that I have to read it for a little bit and make some predictive guess and see what works.
How did you get it in this little pocket of Twitter? Like, how did you find this little corner of just complete hell?
I've been on Twitter for a long time, but like I said, it was just promoted on my sheet.
I mean, promoted on my Twitter.
And I just seen some people that I've known and I just decided to jump in real fast.
What are your favorite crypto coins?
That's a good question.
The last one I remember was Dodgecoin.
They were going crazy.
I did Ripple one time.
I probably made like, what, 30 bucks off of 5 cent one time.
It was something like really cheap. I appreciate you letting me ask you questions. We're not
really exposed to normies here on a regular basis, so I'm trying to get everybody situated
and acting normal. So thank you. So you're not a gambling addict. You don't sit on the
pump fund all day buying coins and shit.
No, not at all.
Got you. Well, these people do.
So they probably could take some advice from you.
Do people still sit on pump fund all day?
They're in the pump fund all day, Levi.
They're on pump swap, too.
Say it again.
No, I was saying people live on pump fund all day.
Do you know what pump fund is, Relly? No this is good let's not get this if any dms come here don't tell them what
it is ignore them if any dms hit you right now really they're all trying to scam you
just ignore them they think you're fresh meat right now i'm gonna stop asking you questions
because i don't want to get you too exposed here. Oh, Lord.
shit.
What's up,
Melina?
Go ahead.
I was going to say,
can we go back to that whole doodles thing?
Like what's happening?
Yeah.
I'm trying to like do some research here. So they're launching another,
another collection.
Okay.
It's not,
it's not doodles,
not doodles,
not doodles.
It's not.
It's the founders.
It's poop.
Okay. Okay. So the artist yeah yeah anyways anyways the other they i think they've had like a very strong change in
management it seems uh in leadership because julian has just floored his doodle for six eath
um yeah i don't know i think it's just like Austin and Toast running it,
which is probably great because they're great guys.
But yeah, I don't know what's going on.
Wait, he's doing his doodle?
Yeah, he's selling it for 60.
What kind of fucking marketing is this, Vauly?
What are you saying?
Julian, I don't think he's there anymore.
The CEO.
Yeah, yeah, no, they announced that a few weeks ago.
Oh, yeah, yeah, yeah. No, I'm sorry. I thought she said Poopy is selling Yeah. Yeah. No, they announced that a few weeks ago. Oh, yeah.
Yeah.
No, I'm sorry.
I thought she said Poopy is selling his doodles.
No, no, no.
Julian.
Julian.
I just pinned it.
But yeah.
Yeah.
I mean, I've always had a love-hate relationship with how I feel like the doodles think they how to market because they're very,
they,
they speak in codes,
which is fine,
but there's just been like,
I'm not going to say drama,
but like,
you know,
if you've got Julian leaving,
now there's this,
I've just seen the word ETH or soul and it kind of creeps me out.
I don't know why.
I'm just going to say,
I didn't even read the whole thing, but I just see ETH or soul and I'm a bit weirded out me out i don't know why i'm just gonna say i didn't even read the
whole thing but i just see eth or soul and i'm a bit weirded out but i don't know hold on reading
some of these comments hold on i don't know how the okay maybe uh okay i'm gonna try to put this
like if it was apes and like gordon gonner or like somebody left the company and sold his ape
like i'm trying to compare for a second why walk it takes me bro this your cousin takes me there we go um i was gonna say why would
why would somebody like why is it bad that he's selling his his thing his jpeg eric says
shout out to eb72 cool dude People never cease to amaze me.
What the fuck does someone that was at the top of billboards, CEO of Doodles, ETC, need 10k
for a JPEG? What the fuck you mean? Nobody needs anything, my G. That's 10k, dog. It's the fucking-
No, dude, I think that the funny part is like, dude, like he's very well off. Like why does he
need 10 bands? That's fair enough enough but it's just like first of all
why are we in homies pockets secondly if that's the case in my opinion i kind of agree with i pin
bd's tweet up here too it may have been a bad breakup don't really care to speculate that too
much to be honest but anyway the tweet continues to say keep your dignity and respect to the
community that trusted you and not sell the thing you have
holders putting their money their last penny and this guy is selling he probably has like 50 doodles
i'm not gonna lie eb7 i wonder how many doodles you actually have um no dude the scariest thing
profits is is pranksie selling a bunch of his pranksie is pranksie i need you to tap in with
me bro i dm'd you. Pranksy is smart.
He is on his collector shit.
He realized this shit is a whole bunch of sack of shit,
and all that matters is fucking Pokemon cards.
So shout out to Pranksy on the pivot.
But, okay, there's an angry people for real.
I'm looking at some of these comments.
Why does it matter that he sold his, it just, for me,
it indicates that, yeah, he might be a little angry
and how I broke up and he just wants to get rid of this thing and he doesn't give a fuck for it
anymore so I kind of see why Eric and some others would be like oh you should just keep it but
yeah like isn't it like when you work at Amazon and then you leave and then you're kind of forced
to sell the stock like I kind of see it like that too it's like who gives a shit like he's also
allowed to be like okay I'm out of here.
I'm going to sell the asset.
You know, I'm going to remove myself completely from it.
I'm also okay with it, you know?
And also the community needs to chill the fuck out.
Like that has nothing to do with Julian and him working at the main office.
You know what I mean?
Like, I don't think he...
Work there.
It's a job.
I actually think it's good
because they're talking about it on the timeline for them.
For one.
Yeah, right?
It says here your connection is being lost,
Profits. That's the thing I just
got up on. Uh-oh.
No, it ain't. We're here.
We're fucking here.
We are here.
I just lost my
train of thought for a second.
Oh, Voli.
When are Cardano NFTs on Magic Eden?
Dude.
Tomorrow's April Fool's.
Might have to cook.
I don't know.
Oh, dude.
There you go.
And tag me in the CC, bro.
That's a great tweet, bro.
That'd be fucking hilarious.
Dude, we've done it for like three years in a row.
Like, it's going to be so bad.
Wait, really? I guess I didn't realize that yeah dude one of one it was like this is how
old it was it's like three years ago we posted like a twit longer or something that's how like
old this joke has been oh that's some yeah twit long is some oh gee shit hold on prez is on the
stage you probably finished eating hopefully you did Prez, you really thought Udi
bought that motherfucking punk, didn't you?
Oh, I didn't care.
Somebody put it in the group chat
and I just posted it. I'm kidding. I'm kidding.
I was saying how
at first, if I didn't
scroll the timeline and see
somebody else's tweet with the original
screenshot, I wouldn't have
believed it too. I wouldn't have known.
But you guys are fucking vicious.
Yeah, I'm not like a journalist, so I'm good.
I think you're a pretty solid journalist, though, Prez.
You got some great takes.
I mean, takes, yeah, but they don't have to be real.
That's my take.
Yeah, I don't know. If you're
following me for advice or wisdom,
you're in the wrong fucking, you know, you're doing
the wrong thing.
Oh, once you change your fucking ape, it's starting to become
just complete degenerate with
all these fucking idiots and fools.
I already knew, Prez.
I knew what time it was.
I knew what time it was.
I don't know, man.
The ape community wasn't that accepting of me.
I know, brother.
I know.
Listen, on behalf, I'll just say I'm sorry.
No, I'm just playing.
It wasn't bad.
I agree, Prez.
I accept you.
It wasn't bad.
But, yeah, I don't know know it just seemed like a sinking ship
to be 100 but now everyone's buying eight from the timeline you don't see the tweets hey man i
hope you're right i don't like wish them harm by any means but uh yeah no my biggest regret was
that i sold literally every single ape asset I got except the prize fucking horse.
Wait, except the what?
Except the main
fucking asset.
I sold the
mutant right away, sold the coins right away,
sold the
land almost right
away.
The dog. Yeah, that's a good come up, though.
That's still good. Yeah yeah it was very good but uh
yeah damn it i should have got rid of the ape earlier i could have bought so many more back
right now uh it is what it is so what's up profits how are you bro i'm good it's a monday
it was uh i was off twitter for most of the day so i'm not gonna lie i'm forming you guys for It is what it is. So what's up, Provis? How are you? Bro, I'm good. It's a Monday.
It was, I was off Twitter for most of the day, so I'm not going to lie.
I'm farming you guys for whatever's happening on the timeline today, so I don't have to scroll too much.
But, no, it's great.
I'm fucking excited.
We got shit cooking.
I'm going to Dubai for the first time at the end of April.
I can't wait.
And, yeah, if you're going to be there, actually, we're throwing an event on the 1st. I'll throw
some details here in the timeline
in the next couple of days. So,
stay tuned. I think
a lot of projects and companies are doing some
really cool shit, too. Can't wait to...
I don't want to spill beans. I guess I'm not
allowed, but I'm sure it'll come out here soon.
Damn, we
got a motherfucking superstar
on the stage vivid's always too fucking busy to pull up on my shit
but i always pull up on his shit and support his fucking shit what's up vivid mr grifter
that's crazy no no thank you the project that you guys are a part of the community, I thought. My fault. My fault.
No, no.
Stop yourself.
But anyway, I'm good.
Yo, Hibachi Express.
I'm chilling, eating some edamame.
Sitting on my hands.
Actually, I haven't been on Twitter in like a week.
Bro, it's a W, right?
W's on that.
Yeah, bro.
I'm sitting on my hands.
Everything that I bought a couple weeks ago is up.
Like, a bunch of L2s and shit.
So I'm chilling.
Q1 of
Bitcoin is supposed to be the worst since, like,
2018, I just saw.
And there's a high probability
Q2, we start going up.
So, I'm excited. My birthday's
in three weeks. I'm eating some fucking
good food right now.
Hibachi sounds really good right now.
I'm not going to lie.
How much did you pay for that?
Yeah, we can hear you.
How much did you pay for that PFP?
Oh, I'm LARPing.
But I got permission from Chainsy, so I'm going to buy one too.
Oh, nice.
Yeah, Chainsy, that fucking fellow of that.
Yeah, that fellow there.
Daniel, what's up?
What's going on?
How's it going?
Welcome to the stage, Daniel.
All right, thanks.
This is actually my first time in the space.
Hello?
Welcome.
Take it out.
Thanks.
I've actually been off Web3 space for a while now, and I decided to come back and...
Daniel, can I be honest right now?
Yeah.
I need you to tell me what the contract address is that's going to give me a 50x tonight.
Contract?
I'm actually new to this, so I don't really know much about anything.
All right.
I need you to get some Telegram chats.
Okay.
I need you to be scanning the market.
I need you to be on fucking meme coin scope, all that shit.
I need you to find the best fucking
50X ticker tonight. Can you do that?
Yo, Daniel said, okay.
guess I can try. I don't know.
I can try. Daniel, is that an
objective, TFC?
No, I
just...
Okay, so...
Thank you, Daniel. So nice to have you. I appreciate you, Daniel.
So nice to have you. I appreciate you so much.
I'm trying something new. My therapist said I should try
something new. This is me trying something new.
What's up, Frankie?
How you been?
Yo, it's good. Pretty good.
Just chilling.
Just trying to read the tea leaves here in the market, you know?
You a big macro TA guy?
He's the macro TA guy.
Oh, she used the fuck out of me.
You haven't been around for any of my rants, prophets?
No, actually, I have heard quite a few. Shit shit give me one right now what are you thinking yeah so uh i think i mean i i'm not
expecting anything really for the next couple quarters um and i'll read you something just a
quick sentence from uh this is from the team 42 macro team. They they're they're on the vanguard of global finance.
And, you know, I think Trump's doing this on purpose. This is what they said. They said,
consistent with the kitchen sinking thesis, we believe the U.S. economy is headed for at least
a two to three quarter rough patch based on the cumulative impact of historically elevated policy
uncertainty, tariff implementation, slowing labor supply
growth from the change in border policy and the doge budget cuts. Um, so, you know, basically
what that means is that Trump is getting max pain out of the way now. Uh, he's not concerned about
markets. He's come out and he's told us that they're concerned about the bond market. There
is $9 trillion to refinance here in Q3.
And at current interest rates, at current 10-year interest rates, they're going to be
paying more on the interest on that debt than they spend on defense spending.
That's a dangerous threshold for any country to cross.
They don't want to do it.
They're panicking.
They need to get the 10-year down.
And so the way they do that is by nuking risk assets and forcing people to flock into the safety of bonds
and an increase in, you know, when people buy bonds, bond prices go up. There's an inverse
correlation between bond prices and bond yields. And so the price of the bond goes up, the yield
goes down. So that means that they have to pay less interest to get people to buy a 10-year
treasury bond, which is what they want.
That is being exacerbated by a global growth slowdown and I think now a recession scare,
which I would rather call a growth scare. I don't really believe in recessions because what does a recession look like when 30% of GDP is debt? But it's exacerbating a global growth slowdown that's caused by this shifting from public deficit spending, which is what Doze is trying to address.
And we're going to try to shift that to private credit creation.
You know, UAE says they're going to bring $1.4 trillion in investments to America.
You know, I think it was like Abu Dhabi or one of those countries said they're going to bring
a half a trillion dollars into the US. So they're changing the way they do things here in the States,
but it's going to be rocky. It's going to be turbulent and it's going to come with some pain.
There's also the issue of what they've been calling a global liquidity air pocket. So essentially,
there's a lot of debt that needs to be
refinanced. But, you know, liquidity is tight right now, mainly because China needs to print,
but they can't do it because the dollar is too strong. And the Fed really needs to expand their
balance sheet and do some form of money printing, whatever they want to call it, whatever you want
to call it, they need to do it, but they're not doing it. And so there's a liquidity crunch that we're seeing globally.
And I'll share a chart that I think explains this really well. And it's, I think this is the,
this is, I think it is the biggest risk to markets in 2025 is this idea of insufficient
liquidity. So if you look at the chart I just pinned up,
this shows you what happens when there's either not enough liquidity or too much liquidity.
Liquidity to debt is the all-important metric. So you can see on this chart that when you have
less liquidity than is needed to refinance debt, you get refinancing tensions. That invariably
leads to economic crises. You can see that when we go above the dotted line, there's not enough
liquidity to roll over the debt smoothly. You get tensions, creates a crisis. On the other hand,
when you have ample liquidity, you get asset booms. And so my thing has always been this,
is that the Fed will print either to prevent a crisis or in response to one.
But, you know, the risk of a crisis is increasing with each day that they don't take action.
And they're scared to take action because interest rates are high.
And so if the Fed prints money now, you know, we're at four, four and a half percent interest rates.
If they start to print money, that's going
to cost them a lot of money in interest. And that's why Jerome Powell said no interest rate
cuts until 0%. But that's a problem because we have a lot of debt to refinance in Q3.
We can't wait for interest rates to get down to zero. So the Fed has got to act. There's no
question about it. But the question is, how will they do it and when?
And so all of this uncertainty, the growth slowdown, the debt refinancing air pocket,
Trump with the tariffs and the trade wars, all of this is creating what the report said,
historically high levels of policy uncertainty. Market take one thing more than anything,
and that's uncertainty,
because they don't know how to position themselves. And I think that's the plan.
You know, I think that really is the plan. Every time that the market starts to recover,
Trump comes out and says more shit about tariffs, you know, 20% to Canada, 30% to Mexico. In reality,
these tariffs don't make very much sense, but they do in the sense that he's trying to talk the markets down.
They need further asset destruction.
They need the 10-year to fall so they can refinance debt.
That's top of mind for them.
And then another thing, too, is that macro aside, just thinking of it logically, Trump, he's concerned with legacy, right?
And how does he do that? He needs Congress. He needs a
Republican Congress for all four years. And so if he rallies markets now, we're probably looking at
probably a bear market coming in towards the end of 2026. But if he kitchen sinks the economy now,
coming in towards the end of 2026. But if he kitchen sinks the economy now, then we have room
to run for 2026. People have short memories. I really believe that Q4 of this year and Q1 of
next year is going to be insanely bullish. We're witnessing really a technology renaissance all
around the world with AI and blockchain and robotics uh, and robotics. And so, you
know, there's a lot of good news that is just kind of being ignored, but it doesn't go away.
You know, it gets, you know, this is what Matt Hogan said. He's a, the CIO a bit wise,
good news like this in these times doesn't get, it doesn't go away. It just gets saved as future
energy, you know? And so I think once the conditions ease up, and they will, they will ease up, the tariff stuff will get ironed out.
Eventually the debt will get refinanced at higher interest rates or at lower, but it will get refinanced because they're not going to let the economy just burn to the ground.
to the ground. And so when we get all these big macro confusions ironed out, there's going to be
an actual fuck ton of good news that's going to get priced in. I think we're going to see a
violent repricing of the entire asset class as investors are able to price in regulatory clarity,
SEC dropping non-fraud cases. Paul, Paul Atkins is getting confirmed soon. So
they're going to start, you know, getting more, you know, actual rulemaking and, and, and policy
formed. Um, and it's just going to be really, really bullish, but you know, right now, this
is just what we have to go through. You know, we had to stay in the, and there's a reason the cycle
feels different is because it is. Um, I don't think this is, I don't think we're in the bear.
I don't think this is the end of the bull. We didn't see euphoria. We didn't see the blow off top. ETH didn't even make
a new all-time high. I'm so very bullish on ETH. And I think the reason that ETH has underperformed
is because we had longer than usual restrictive monetary policy. We printed so much damn money in COVID. And Janet Yellen and
Jerome Powell printed so much money to try and get Biden reelected, that we had to stay in
restrictive monetary policy for longer. We needed QT to last longer than usual, we needed interest
rates to stay higher for longer, to to deal with the inflation that we caused from printing
half the world's money supply in the span of a couple months in response to COVID.
And so that's why the cycles felt different.
ETH has never been able to durably go to its lows because the economy has been stubborn
because of the stimulus that they were doing in the background.
When Biden was running for office,
they were printing, they printed to the tune of about $6 trillion. That's why we saw that massive run-up at the end of 2023, is because they injected about $6 trillion. And so the Fed,
and it's important to understand, the Fed doesn't tell the markets what to do. The markets tell the
Fed what to do. The Fed reacts to markets. And so
the reason that the Fed stayed higher for longer was not only because that we needed, you know,
we needed restricted policy, but because markets were being stubborn, because they had so much
liquidity getting jammed into them, that there wasn't sufficient pain to inspire the Fed to act.
And now we're seeing it, you know, we. Now we're seeing the Fed react. They lowered
QT. Even though in January, like, oh, we have ample reserves. We don't see why we need to
reduce QT. And then the markets nuke, they came out and they reduced QT. So they talk a big game,
but in the end of the day, they'll react the way they need to when markets nuke. I think we need
that pain. I think we need the pain. I think we need the pain. And I
think Trump understands that. And I think that's why they're kind of kitchen sink in the economy.
We need the pain. We need inflation down. From a technical perspective, I think we need
alts and ethereums to hit range lows on their Bitcoin pairs. And it's happened every cycle
before. So I think ETH is
going to go down to the low thousands. I really do. And everybody will say, oh, it's over for ETH,
it's dead. Keep in mind that last cycle, Ethereum, in response to a recession scare,
wicked down below $100 before it ran up to almost 5K. So I think we're going to see something
similar to this cycle. So I know it're going to see something similar to the cycle.
So, you know, I know it's a lot and it's a very confusing macro time right now. There's a lot going on, but, you know, to kind of put a bow on it, the growth scare that we're seeing is
exacerbating a liquidity crunch that is scaring investors. Tariffs and trade wars are creating a
lot of uncertainty and investors will flock into safer assets,
which is by design so that we can get bond yields lower so that we can refinance debt
cheaper.
We need the Fed to end QT.
And in order for that to happen, we need more pain.
And so I would just say, brace yourselves.
You know, I think still that the biggest risk that investors can take is not being exposed to this market.
I still think that we're in a bull.
I think this is maybe like a little mini bear, whatever you want to call it.
But, you know, we're bouncing off of the 50 period moving average, which to me indicates we're still in a bull market.
So, you know, short term, you know, over the next couple of quarters, I wouldn't expect much.
If I'm wrong, that's great.
I'm wrong.
That'd be happy
to see it but you know realistically i wouldn't look i wouldn't look for anything substantial
um until like the end of q3 middle of q4
told you i was gonna say there's a actually frankie do you remember vividly how 2021 went i was i was involved
but i wasn't as involved i was like i was still like just kind of finding my way i was the guy
who was like buying like the top i'd go on coinbase and be like oh this is up 500 better
fucking throw 500 bucks at it you know um but why would you i would just remember i just remember
because it because it feels like that for me a little bit here where I remember the beginning of 2021 it was uh it was like
because COVID hit in March 2020 and I remember seeing Bitcoin go to 4,000 like a flash crash
and then it was only up from there for like a good year. And in similar to 2021 to now, it was like this where it wasn't a bear, but it was stagnant.
It was kind of chill.
NFT starts to become relevant, you know, a little bit like in April or something of that year.
And then I granted anybody could argue.
I think Seedfraise made a great post recently about like how ETH's price was, I don't know if he used the word inflated, but, you know, NFT 2021 run was a huge, you know, catalyst to ETH's price.
And now based off your take just now and even the current market, I kind of now I'm starting to really believe that.
I feel like we never had, I feel like eath just kind of went from 300
to fucking 3 000 really quick uh so i don't know i i would love a thousand dollar eath even though
it's gonna be scary when you guys you know see that chart fuck around and find out but i'm not
gonna be crotching out if you're if you're telling me we're going to get that low, sheesh.
I wonder, I wonder, I wonder.
What's up, Tribe?
You were a little, I didn't think you were going to come today.
I figured you were busy.
Fam, what's up, man? Thank you for having me as usual.
You know what?
I jumped on it because I actually saw your message a little while ago.
Today was a little bit of a long Monday.
You know, Mondays be busy for me, but I love it.
I love to get here, you know, and hear some perspective is good
You know, i'm a permanent
Bullish guy, you know, so I I I I mess with the with uh, whatever this guy was saying Frankie. Yeah, I like it
I already gave him a follow. He's solid. You know, he talks my language
um, I do believe that
Um, he's right, but i'm a little bit more hopeful that happened before just for a few reasons.
OK, one is that true that people run to safe, safer assets whenever there's too much things going on.
Right. On safety. There's a lot of talks of tariffs.
Instability makes the right like the Wall Street investor running to things that are safer.
like the the wall street investor running to things that are safer but i think that the we're
gonna peel off this this um this scab really fast through these through these um tariffs right so i
in two days they're gonna announce it and it's gonna be a war and there's already talks about
japan and and south korea and china getting together to hit us back with something but it's
like listen we import three percent you know what
i mean like there's no way these people are going to be able to have a war with us and and and and
and not not and be okay right canada is going to struggle mexico maybe not so much but can there's
a lot of these companies they're not going to be able to go toe-to-toe so i feel like that's going
to happen now in this month i april we're going to have a lot of that on the news. But like he mentioned as well, the Fed has already agreed to stop dumping
on us, right? So usually it's called quantitative easing and quantitative tightening. So they've
been tightening, removing liquidity from the market. And the last time they spoke, they agreed
that they're going to slow it down. But whenever they say slow it down, I believe you can correct me if I'm wrong, but I've
seen something called the stealth.
It's called a stealth QE, quantitative easing stealth, which is whenever they say they're
going to stop dumping and they say they're going to slow down selling.
That's usually when they start to turn the printer on.
Right.
And then the other thing that I've been seeing happening now is that the M2, which is the money supply, actually just posted in the comments,
if you look into the money supply globally, there's already money being pumped. The only
thing, there's a delay to it, right? First it gets pumped and then it bounces around. And then by the
time it gets here, right, is when we actually see the effects of that money that is being put into
the market. And then I feel like also,
even though the feds don't want to run the cuts, right? They want inflation at a certain point to be able to cut the interest rates, but there's already some talks. And if you look around on
the internet, people bet and there's betting sites and there's other sites that keep up with
people that analyze the market and they're already talking two cuts this year, right? And as one as early as June, maybe,
right? It could be June. So we're in April now, they talked about stop selling, right? If inflation
gets a little bit better readings, then by May, maybe something else can change or, you know,
if we get a new cut in Juneune then kind of like he said we'll
probably see something bounce around what him will says too right august september i'm just a little
bit more hopeful just because the fact that i think that china is going to play a major role
and i feel like a lot of more people are going to be uh starting to get into the crypto so once
china releases the all the the problems that they have and you know they made
it illegal i think we'll see a better scenario right we're gonna have a lot more money flowing
to the market and there's other talks of other countries making bitcoin reserve and getting a
little bit more crypto friendly passing even in brazil so i'm a little bit more hopeful but i
definitely don't think that the macro is happening is helping us us right now. But, you know, I stay bullish.
You know, I like to see maybe things can turn around.
Because it's kind of like whenever things are really bearish, a lot of people are bearish.
I feel like I need to go the other way.
I've always made money in this space by going against what the grain is.
And when people get too bearish, it's just like when they get too bullish, right?
That's why I didn't cash out what I should have cashed out in the last run because we're all expecting that $100,000 Bitcoin
and the $8,000 Ethereum that never came. So we round-chipped the fucking bag again, right?
But we haven't had that yet. ETH has not done its thing and I don't care what you say. There's no
NFTs. There's nothing. ETH today, actually this week was the time that it collected least, least fees.
It cracked under a hundred thousand.
I think for,
for,
I don't,
I don't remember what the,
it was for the day or something like that,
but if hasn't even woken up,
it's my biggest bags,
you know what I'm saying?
And I think that once Eve comes to play,
worst case scenario,
you still got to get a blow off the top on Bitcoin.
And then the altcoins will get their run too.
So I'm hopeful.
I'm still very hopeful.
Crushed, crushed with the market.
I think that by now it should have been a little bit better.
But it's kind of like I told you last time.
Things change.
We got a new president and we have to adapt to it.
The market has to adapt.
The trading has to adapt.
The market has to adapt.
We just got to see how this runs and then continue to go.
But you got to be a little mental to be in this space anyways
yeah i agree with a lot of that um yeah i think china and i can you know on on the topic of china
i can share a couple i can share a couple things um china does have a big role to play in this. They have probably about 30% debt monetization. They have to print trillions of dollars worth of yuan, but they can't're going to break the lower bound of their currency.
But yeah, you know, I'm not sure we're going to see too much money printing from the Fed short of the balance sheet expansion they need to do to refinance debt.
I think China is going to have a huge role to play this cycle, just like in 2017.
I think that's where a huge amount of global liquidity is going to come from, is from China.
And yeah, I mean, I think, yeah, I think a lot of what you said was right.
But I just, I pinned up some charts.
If you guys want to look at some stuff about what's going on with the People's Bank of China.
Asia's bidding?
Yeah, I mean, I think, wait, what's that? He said Asia's bidding? Yeah, I mean, I think, wait, what's that?
He said Asia's bidding?
Asia, I mean, they're going to be.
I mean, the whole world's going to be bidding soon.
But yeah, I mean, I think, do I think we found a bottom?
I don't think we have. But, you know, again, I think the biggest risk is being sidelined.
So, you know, catch a falling knife, whatever you want to call it.
No, nothing until after summer.
Hey, Frankie, I got a question for you.
Right?
Because I always like to play the two dual scenario.
Do you have a dual scenario that we could have found the bottom here
or are you just strong on the one scenario?
Because I also have two scenarios, right?
One scenario is we do a lower low now
and you find the bottom somewhere between 72 and 76, wherever two scenarios, right? One scenario is we do a lower low now and you find the bottom somewhere between 72 and 76 wherever that is
Right. And once we get there, we should be able to get a bounce if everything looks decent on the macro side
So that's one version the other version is maybe we go lower, but I'm not sure how low how much lower we can go
I'm not sure how much lower we can go.
If we do bounce here around, make a lower low here,
and we don't maybe go take down some of that liquidity sitting under 76,
you don't think there's a scenario where we see a bounce above 90 again in the short term?
I mean, I think we could bounce.
I just don't think we have what's necessary to have an actual all-season, you know, all season blow off top moment. You know, we could, we could bounce and then range for a little bit. Um, I mean, yeah, the Trump team could, I mean, they could cave, right. They could come out tomorrow and say, you know, we're not doing tariffs. Um, we're going to, you know, the, the fed's going to come, we're going to refinance his debt at higher interest rates. Fuck it. You know, um, we're just going to print money. Um, we're going to, you know, stop're just going to print money. We're going to,
you know, stop those, those cuts. We're going to ease on immigration policy. We're going to get
economic activity going back again. They could do those things, but I just, I'm not sure that they,
I'm not sure that they will. I think a big part of, of their, you know of their mandate that they've been talking about is that we need further asset destruction to right the wrongs.
And they need to get inflation down.
They need to get long-term yields down.
So I think they're going to stay the course.
And I think they've kind of been preparing us for that.
And Howard Lutnick even came out and he said, you know, Commerce Secretary, he said, Q4, the economy is going to be humming.
And I'm inclined to agree with that.
You know, it's tough because there's just a lot of uncertainty in the markets, like I keep saying.
And then there is a growth scare, you know, where everyone's worried about a recession, which, again, I'm not so sure about recessions because it's like, if it wasn't for,
you know, what, it's two quarters of negative GDP. If it wasn't for, you know, stimulus,
it wasn't for government spending, we'd be in what they call the recession anyways.
So we always, you know, we already spend way more than we earn in tax. So, you know, we've been in
a recession technically, but you know, as long as you can print money to get yourself out of that.
And that's why I just
continue to be bullish on risk assets in the long term, because they have to continue to print money.
The currency must debase. It's the fiat credit system. The goal of the fiat credit system is
to expand. It's a balloon. Think of it like a balloon. And you have to inflate the balloon.
If you don't inflate the balloon, it pops. They'll never allow it to pop, you know,
be global upheaval around the world. So is there, is there a situation where I could see,
you know, us rip? Yeah, I mean, we could, they could, they could reverse everything that they're
doing right now and, you know, focus on economic growth at any cost and you know ease off the tariff policies you know
strike a bunch of deals and um you know i think you'll be off to the races there is also a situation
going on in japan um in the in the unwinding of that carry trade because i mean global global
financial markets i mean i think to a certain extent are just one giant leveraged yen carry
trade because you can you can borrow money for free from japan essentially well not free anymore I think to a certain extent are just one giant leveraged yen carry trade,
because you can,
you can borrow money for free from Japan essentially.
Well,
not free anymore,
but nearly free.
You can basically borrow infinite money for almost free from Japan and fuck
around with it.
So that's why when Japan raises interest rates,
it knocks everybody out of their positions.
You know,
if you're borrowing a billion yen and they raise it,
you know,
even,
you know,
half a percentage point, that's, you know, whatever it is, $5 million, you know, if you're borrowing a billion yen and they raise it, you know, even, you know, half a percentage point, that's, you know, whatever it is, $5 million, you know, or whatever the math is there. So that's why when Japan raises interest rates, the whole world pukes risk because they just have to, they have to adjust their positions, you know, because it knocks them out of their, out of their positions. So I really hope that Japan doesn't panic. But I'm seeing some people calling for it. I'm seeing some people say that it won't happen. Some people are saying that the Fed needs to revise their inflation targets higher so that they can expand their balance
sheet on a more proactive basis and avoid this debt refinancing air pocket that we're talking
about. I've seen some people say that we need further asset destruction and that they need to, you know, nuke markets further to get bond yields down further. And I think that's their priority.
I think the 10-year bond yield is their priority. But, you know, if the bond market doesn't play
along and, you know, asset prices, you know, continue to fall, but inflation continues to go
up and bond yields continue to go up.
That's a problem. That's, that's dagflation. That's like the, that's the problem that everyone
is kind of concerned about. So I don't know, man, it's, it's hard. It's hard to say. I mean,
all we really have to go off of is, you know, like inflation data and then labor market data
and what the Trump team is saying.ie hit me in the dms after this
i'm going to send you some charts on how balloons work
i don't know yeah i know it's a lot it's it's a very confusing time right now but i think you
know i think very simply patience very simply is this patience and i'm long term i'm long term
very very bullish i think ether is going to go to 10K.
I think we're going to see Bitcoin go to 150K minimum.
There's a lot of money printing that has yet to be done.
The whole world really is in a net easing.
Central banks around the world are lowering interest rates.
They're reducing balance sheet runoff.
They're getting ready to turn the printers on.
And also economies around the world are also beginning to expand.
So those are like the two big things. It's like, what is the central banks doing? And what is the economy doing? And that's the debt refinancing cycle. And then that's the business cycle.
And that's another thing too, man, is like, we're early in the business cycle.
The economy is just beginning to expand. This time last cycle, March march of 2021 the economy was at peak expansion you know we were at
we were peaked out in the ism which is essentially how you measure the expansion and contraction of
economies and now march of the post having year this cycle we're barely getting to the expansionary
phase like we are just you know the engines are just starting to shake the ice off so we've got
we've got a ways to go you know i really i really, I really think we have a ways to go. Um, it could happen. It'll happen quick though. You know,
you know, when, when they achieve their goals and we refinance this debt and everything happens,
it's going to, it's going to be, it's going to be an everything everywhere, all at once
situation, I really believe. And I think a lot of people are going to be caught off sides.
I think that a lot of people are going to de-risk and try to play the market. No, I'm going to,
you know, sell here and buy here and, you know and sell here. And I think it's just going to just absolutely
gigasend when nobody's expecting it. So that could be tomorrow. That could be in five months
from now. I don't have the answers, but from what I'm seeing, I think it's best to just temper your expectations.
Is April 2nd a good day?
What's that?
Oh, I don't know, man.
I'm fundamentally bearish on tariffs.
I think they're, I mean, you know, people say they're inflationary because they create, you know, they rise prices,
they raise prices, people have to spend more for things.
But then some people say they're deflationary
because, you know, even though you're raising prices, you know, you're making it so that people can't
afford things. So then people just don't spend. So then that actually, you know, and that's,
that's what you don't want. You know, that's, that's a deflationary environment. That's the
only thing worse than inflation is when prices go up, but, you know, actual demand goes down.
And so even though the, you know, prices are going up, you know, the demand goes down. And so even though the prices are going up,
the actual amount of money that's being spent is going down because people aren't,
people just aren't buying it. So you've got, you've got high prices and no demand.
That's a scary situation. And that's another thing that, you know, people are taking into
consideration. And again, it's like, there's just so many, there's so many unknowns,
so many question marks. And I think that's by design to get people to flock
to the safety of bonds, to drive bond prices higher, to drive yields lower. I think it's
all by design, to be honest with you. What is the number one April Fool's joke
tomorrow, Frankie? Are we going to see some more on the timeline?
Oh my God. There's going to be so many people saying that, like, I'm out, I'm out of
the markets, or people are going to
say, I think people will probably toss
around that China M1
liquidity measure too, because they
redefined what M1
liquidity means, so we just saw a massive
spike up in M1, but there's
a corresponding spike down
in M0 or whatever it is.
I think people will use that.
I think people will say the Fed
has come out and announced QE.
Trump puts an end to tariffs. It'll just be like a bunch
of dream
scenarios that people
just... Breaking news.
Trump just sold
the White House to buy Bitcoin or something crazy.
I don't know.
What's up, Trav? Go ahead.
Now, I was going to talk to him and ask him about what does he think about the, because actually they just adjusted apparently the GDP 2.4%, if I'm not mistaken, upwards.
So technically we got another quarter that will stay out of recession, per se.
But what scenario do you see the tariffs working, man? Do you feel like the investment might offset that, the investment that
is bringing it in? I mean, you've heard a couple of things already, like Apple, you got the $500
billion from SoftBank and Larry Ellis. And do you think that that might offset something that even if worst case scenarios, we don't
see the tariffs positively right away.
Do you think that at least the incoming of the money and the jobs might be able to impact
it enough to get the feds?
Because like you said, you know, the feds just react to the market.
So I feel like even though we might not have like great, maybe if the tariffs take a little
longer or if it's a little bit more of a negative impact, I feel like the though we might not have like great, maybe if the tariffs take a little longer, or if it's a little bit more of a negative impact,
I feel like the jobs that are going to come in
and all the other things that are a little bit more stimulation
might offset, you know, waiting for the tariffs alone to hit.
So that's another thing that I was, you know,
thinking of back and forth and being a little bit more positive
about the end scenario.
But also we're talking 12 months before we see any of
this stuff start acting up anyways yeah i mean i think that's i mean i think that's the goal right
that's the goal of of tariffs and um or at least part of the goal of tariffs and you know this
doge cuts is moving away from public deficit spending you know paying a bunch of a bunch of
workers to do fuck all and like yeah they're doing fuck all but like that's that's how you keep gdp high that's how you keep gdp to to debt high is by creating economic growth
albeit superficially you know you pay someone a hundred thousand dollars a year to go plant daisies
it's not really accomplishing anything but it's money that they're spending they're buying they're
investing they're renting you know they're doing things they're doing economic activity um So the idea is to bring that to the private sector, where it's actually doing
something productive, and it's not just fueled by debt and deficit spending, you're getting real
investment. So that's good. I mean, that's a net positive, but it's going to be it's going to be
a while before we see that. But you know, markets can price that in. But it's just there's I think
there's still too many uncertainties for markets to confidently price any of that in.
Once we start to see the growth scare start to get resolved, that will be good.
That's one of the biggest things that I think is holding markets back right now is recession scares, growth scares.
airs, but it always gets worked out in the end, you know, and it's too easy for these, for
But it always gets worked out in the end.
politicians to just hit the print button and, um, and, and, and fix these things. And like,
they don't want a balanced budget. You know, there's no, and then the fiat credit system
and this debt based system that we're in, there's no such thing as a balanced budget.
The debt's not meant to be paid off. And that's something that a lot of people have a hard time
wrapping their head around. It's literally not meant to be paid off. And that's something that a lot of people have a hard time wrapping their head around. It's literally not meant to be paid off.
Trump and team have come out and said, you know, we want 3% deficit down from 7% now.
So you don't want, you don't want like as huge deficits as we have now, but you don't
want, you really don't want a balanced budget because you need, you know, the credit system
needs to expand.
The currency must debase because the only way you deal with trillions of dollars of
debt is to inflate it away. You know, nobody has the money. Nobody intends to have the money to pay
off the principal. They're going to keep kicking the can down the road. That's how they do it.
And that's, that's the case for Bitcoin, right? It's like, if that's the case,
then you cannot be in fiat. You have to be an assets, you know, which assets you're in,
you know, that's, that's individual portfolio management at that point.
But one thing I can tell you confidently is that you, you cannot be in the fiat. You have, you have to be in assets,
you know, whatever that looks like for you. So, I mean, yeah. Do we see, do we see jobs come in
off the back of inflation or off tariffs? I mean, that's the plan, right? But how long does that
take to get implemented? And you know, how many surprises do we get along the way?
It's tough, man.
It's tough.
It's tough waters right now.
It's tricky.
That's why, I mean, again, I think the best thing is just be patient, be calm, have conviction,
find out where your conviction lies, do your research, get a fundamental, a technical reason know, a fundamental, a technical reason for investing.
And, you know, if you are of a mind to invest and you have money, you can afford to lose.
I think now's a great time to be buying, even though we could go lower.
We don't, we don't know if we will.
And if we do go lower, then continue to DCA.
I think that's the best.
That's, that's the strategy that I would take if I didn't already invest everything in 2023.
And like, let that be a lesson too. Like that's the strategy that i would take if i didn't already invest everything in 2023 and like let that be a lesson too like that's the power of buying the blood like i'm like would you believe it if i told you i'm still like in like substantial gains from a lot from like a good
amount of my bags from buying like the absolute bear market lows in early 2023 so when these when
these moments come around you know you make money when you buy not when these moments come around, you know, you make money when you
buy, not when you sell. And that's, you know, lesson in there somewhere.
No, perfectly said. Can't time the market. Timing the market is better than timing the market,
for sure. First times like this. I will say though from emotional standpoint the way that market feels in my
experience um when i used to be like right now i would be like oh no we're not buying anymore we're
gonna just and then you just fucking then we like fucking five acts you know six months later so
right now i am like looking to sell and um like i do collectibles and cars and sneakers and so i'm i'm like liquidating a ton
for more crypto because i feel like i don't have enough bitcoin it's weird it's a weird feeling
i feel like any minute bitcoin can just be trading at 150 fucking thousand dollars i feel
i feel like any second even even though it may go lower i just in my in my bones i just feel that
and i'm not going to lie.
I feel like I don't have enough Bitcoin.
Flooring all the ordinals that I own for more Bitcoin.
Rest in peace if you bought ordinals and rooms.
Oh, shit.
Frankie, you got to pull up with you and Will going back and forth.
Will, you, and Mike would be great.
That'd be ideal.
That'd be sick.
I know you're probably busy, though, but I'm going to get somebody getting you DMs.
You're down to pull up.
Yeah, fuck yeah.
That fucking dog is very attractive, too.
Can't say no to the dog.
Cute little dog. Is that your dog? very attractive too can't say no to the dog cute little dog is that
your dog no it's not i saw this video on instagram and uh it was this guy giving this pomeranian like
a makeover and uh towards the end of the video they put the fucking glasses and the hat on it
and i was like oh that's my profile picture from now until the end of time oh that's amazing yeah
yeah cute dog i just i you know i hear your voice and you're real well
spoken and then i just think of the dog so i think the dog is talking very well spoken
thanks man i mean wasn't the wasn't the dog's name in men in black frank
it was yeah i think it was yeah oh yeah there you go uh guys real quick make sure to you know set your reminders
for tomorrow's space also everybody that came up to farm the space and just sit on stage and all
that i'll be invoicing you don't be surprised when you get invoiced but uh definitely set extra
credit for yourself tomorrow by um you know setting those reminders for tomorrow. Also, also, you know, I love, I love, love, love all the OG collectors out there
that, uh, you know, that participate in the collecting Pokemon, all that good stuff.
Um, so since it's cool to talk about now, uh, I would love to go ahead and use this opportunity to remind you guys that BZ is killing it right now.
We got another, I think another almost half a million GMB this month, almost for March, which is crazy.
You guys are really, really loving the claw.
So make sure you guys check out the claw if you haven't played if you're into pokemon one piece tc like any type of tcg at all
uh collect a fucking basketball you have the opportunity to win some sick ass slabs
um you know i'm not gonna say go put your money there and you have to do it but a lot of you guys
put your 50 60 100 bucks into some coins that you'll never hear or see from again at least you get at least
you get some utility here um so definitely check out the call if you haven't already tomorrow
i think on captain's morning space they're going to be giving away uh some claw plays so definitely
check that out if you haven't already nice little show see i did good melina i'm shilling i'm great
i'm doing so good.
What else did I want to fucking say?
You guys are all super supportive.
Appreciate you guys coming up.
Web3 Exposed goes live every single day right here on X basis,
except Wednesdays, 6 to 8 p.m. Eastern.
I'm not going to argue with you and tell you I'm the best face.
I'm just going to listen to what your mom has to say.
Your mother said it's the best face.
Don't argue with me.
Argue with you. Chris, what's up buddy go ahead i'm getting interference you'll sound like you
breathed in helium i sound like what
your voices sound on my end i don't know it's like interference like
everyone sounds like they've breathed in a helium balloon or something at a party Your voices sound, on my end, I don't know, it's like interference.
Everyone sounds like they've breathed in a helium balloon or something at a party.
Tea party, though, pretty sure. Maybe.
Maybe.
I don't really take whippets.
That is an American thing, though.
People are a little weird out here taking whippets and shit.
Thank you, Chris.
Thank you, everybody.
Frankie.
Everybody. Gems, as always. Roli was here earlier. Thank you, Chris. Thank you, everybody. Frankie. Everybody.
Gems, as always.
Woli was here earlier.
Thank you as well.
I'll see you guys on the timeline.
Drink your water.
We got special guests all week long.
Shout out to Melina putting in that work, getting us some power players on the space.
so yeah tune in
So, yeah, tune in.
and if you didn't know
hello
this is the best
motherfucking opportunity
in earth ever ever
fucking crypto web 3
get serious for real
whatever it is you like to do
get fucking serious there's no
fucking point of spending all this time
here and not doing something cool
so yeah that's all I want to say have a good night I'll talk to you guys soon peace out
