Record Markets, Rangebound Bitcoin & the AI Boom — LIVE

Added: 2026-05-23

[00:00:00]Heat. Heat.

[00:00:09][music] be in beh.

[00:00:48]Heat. Heat. N.

[00:00:58]Heat. Heat. N.

[00:01:23]Keep [music] in [music] love.

[00:01:52]I'm feeling [music] in Yeah.

[00:02:27]We in All heaven [music] [music] Heat. Heat.

[00:03:34]Heat.

[00:03:51]Heat.

[00:04:08]Heat.

[00:04:13]Heat.

[00:04:37]>> [music] >> Heat. Heat.

[00:04:55]What the hell? There we go. We're back.

[00:04:57]What is going on everybody? We are back.

[00:04:59]Back, back, back, back, back, back. And I'm excited to be here. Excited to get into the market. We've been pumping on the back of some beautiful, beautiful things today. Let me tell you, we got Pio coming on in just a few minutes.

[00:05:15]He's coming on early today, 910.

[00:05:18]I'm excited about that. I'm excited about the price of near. If you know someone who's been bullish near, it has been me. I've publicly posted my near play. I've been excited about near for a while. I've been saying it's going to run the AI infrastructure. I even found a good post from me on the near play.

[00:05:36]even found a good post on the near play from me. So, want to just share that now that we have the camera set up. Boom.

[00:05:44]So, I'm not chasing alts and field blank. I need some Bitcoin maxi energy.

[00:05:49]Yeah, you need Pia. That's it. That's it. I am looking at it here and I said $4 was my first target. Seven was my second $11 moon bag. It has the supply has been inflated. So at $10 it goes it's technically alltime high price again. But I do think this $4 target feels reasonable. We're now back above 240 on it. I believe 240 today. Let's take a quick look at it. Alts near 236.

[00:06:25]Crazy chart up 47% the past week. The reason I'm bullish here and why I've shared it for so long, they were the only invited guest from the crypto ecosystem to the Nvidia conference as an official speaker and partner. They have been heavy on the AI front for a long period of time. And I mean, we can even just take a look at Invest here. Why is NER going up? Surge more than 22% over the past 24 hours. According to Coin Gecko, Near climbed 125 earlier this month. The tokens rallied 45% during the past two weeks alone, making it one of the best performing assets, the best performing assets in crypto. Behind the sudden acceleration, derivatives data points to a large scale short squeeze that caught bearish traders off sides within four.

[00:07:10]Yeah. Forced buybacks from liquidated short sellers added immediate demand while available sellside liquidity thinned. The fresh momentum across artificial intelligence link crypto followed Nvidia's first quarter earnings.

[00:07:21]So yeah, the main thing here it's one of the strongest beneficiaries due to its positioning around decentralized AI infrastructure it's exactly that I think that it is a very clear play in my opinion for this for this personally like when I look at it when I look at it it just feels to be a good play on the crypto side, you have near intent being used by privacy coins, so like Zcash and some of these others. And the near intent narrative plus the AI narrative makes me just feel that it is a no-brainer trade in my opinion as far as alts go. Up 20% on the day. It's literally just dominating everything. Like Bitcoin flat, ETH flat, soul up.3, Hyperlid back to $61, and then you got near up 20%. I also think VVV is great here as well. That's up to 195. Broke 20 earlier today.

[00:08:24]There's some good stuff on the alt market right now. Some really good price action. Anom was right. Hype near VVV.

[00:08:31]Zcash. I haven't bought as much Zcash, but I'm heavily exposed to hype near VVV. I also do like SU here too. I think SU's had a good month. 20% of the month.

[00:08:41]So, good chart, too. Higher lows. We got to just find the higher lows. Chain link is another one that I've been Yeah, chain link looks strong. We're going to long a little bit of link here, too.

[00:08:53]Long a little bit of link.

[00:09:02]Yeah, I like the chain link chart.

[00:09:04]You can see I'm long NIL and I'm long link. We're $400 away from qualifying on this challenge, but uh I think chain link can have a nice move. Finally.

[00:09:14]Finally. The link marines may finally be right. We got PO coming on in like 5 minutes. So, I don't want to get too too in the weeds with a lot of stuff, but let's quickly take a look at a couple things here.

[00:09:25]Looking at the macro setup, the S&P is currently up pre-market almost 6%. And this is largely on the back of the potential ceasefire news that we are getting the Iran US deal that has been happening, potentially happening. We don't have confirmation on it, but they're saying that a deal may be finalized here sooner than later. And this was posted yesterday. So, this is what we're watching. Uh, Iranian media reports citing Al Arabia suggest a final draft for the USIran agreement has reportedly been completed with Pakistani mediation. An official announcement potentially coming. According to the reported details, the deal would include an immediate and comprehensive ceasefire commitments from both sides.

[00:10:17]And one sec, I got to get PO in. My apologies. He's about to join. But this is a great sign for risk on assets.

[00:10:25]Great great sign for risk on assets.

[00:10:31]Great sign.

[00:10:36]All right, gotta get big P dog on because then we will have the boy on.

[00:10:43]Oops. [snorts] So, I think right now obviously if we get this ceasefire news then we're going to see some crazy positive risk on price action where the I think the whole market gaps up basically and it seems like we're getting pretty close to that.

[00:10:59]Obviously S&P is showing strength pre-market today. Uh I'm still in Nvidia calls. I'm still in Cisco Coreweave Circle calls as well. So across the board still relatively bullish and I'm I'm a cautious bull right now. I think that's the best way to put it. I'm cautiously optimistic for where the market's heading. And I think that that's the okay thing to be here. I think the biggest thing is right now continuing to sift through the weeds of what is happening in the market. And all right, yeah, we just got big P dog on.

[00:11:39]There we go. Let me just crop him. So, he's good.

[00:11:45]And then we're about to rock.

[00:11:48]I'm excited. I'm excited because he's got he's got some stuff. I don't know where his camera just went, but I don't know where his camera went.

[00:11:59]Hopefully he gets that fixed in a minute. There we go. There we go. Okay, let's bring him on. My guy, what is going on?

[00:12:08]>> Not much.

[00:12:09]>> He's in a mood today. There we [snorts] go. Now, okay, now I can hear you.

[00:12:13]>> Okay. How you feeling about everything?

[00:12:15]How you feeling about the market?

[00:12:16]>> I feel good. What am I in in the mood for right now? Easy. I don't I mean maybe Michael Sailor >> I got 20 minutes with you. I got to catch a flight. I got 20 minutes with you. I want to talk through >> first I want to talk through just quickly in a super simple way for for not only your audience but also you >> to understand what what these companies are doing. These companies being MSTR as MP JPY these different companies right what they're actually doing. And then what is probably going to happen with them?

[00:12:54]>> Okay. Okay. So, you mentioned a few. The big one is ASST, right?

[00:13:01]>> So, we're going to talk about the the action on these, but I actually want to start I almost like you the we just opened the textbook and I don't want to start doing the the problems, the practice problems yet. I want to read the first couple pages of the chapter where they do the text breakdown of the formulas where they're actually explaining the theory behind the formulas. Okay.

[00:13:21]>> So, what these companies are doing and you're covering your mouth like we talked about right now. Uh what these companies I I gave easy uh notes. So, we'll uh we'll just cover this real quick. I gave easy notes with that. I was like, "Every time I look at the stream, you're like going like this.

[00:13:35]You're like constantly going like this."

[00:13:37]It's in the clips, too. All right. So from scratch, what these Bitcoin treasury companies are doing, and I know that most of your audience are crypto people, if not 100% of your audience are crypto people, and as soon as they hear the phrase Bitcoin Treasury companies, they think of the very brief period in early 2025 where like 25 different companies launched and they're like, "We're a DAT, a digital asset treasury, and they effectively tried to copy Micro Strategy and copy uh the success of the the genre of company, the vertical of company, but it turned out that it was mostly exit schemes similar to when crypto to make a crypto comparison when a token in a certain category gets hot and there are a bunch of copycats, but there isn't any true value there. The copycats are just to make the people that made them rich. So, forget all that. Let's start with a blank slate.

[00:14:29]Blank slate. The Bitcoin treasury companies. And when I say that, I'm talking about basically three names, but actually, we'll take Metaplanet out.

[00:14:37]It's just two names. It's MSTR and ASST.

[00:14:40]What these companies are doing is they're taking Bitcoin, right? And we all know what Bitcoin is and why it's important and and how it's going to go up and it's going to go to a million and it's going to go to 10 million, all that stuff, right? They're taking Bitcoin and they're repackaging it for different types of investors.

[00:14:58]That's all they're doing. Just like a bank, >> just like a bank repackages financial instruments for different investors, ETFs, bond products, all this different stuff, right? So, all MSTR and ASST are doing is taking Bitcoin, stripping some of the volatility down for other investors, investors that are way more conservative that want something like Stretch, for example, and they want to get paid 11.5% per month. They're that's all they're doing. They're just repackaging Bitcoin for different investors. And as you can imagine, that's a pretty good business because then you own a [ __ ] ton of uh Bitcoin because you need to have a [ __ ] ton of Bitcoin to be able to make this work.

[00:15:36]And you have products that are growing really fast and are getting a lot of attention and are just getting a lot of of buyers. There's just a lot of people buying these products. So before I go any further, you know, what do you think about that? because you've been a very vocal skeptic of it seems like the whole genre, not just the company, but the genre. And I feel like you're super smart, more experienced in markets than me. I I don't like I want to get you to the point where you kind of look at these and you see them for what they are and and you're not like, "Oh, it's not a Ponzi scheme anymore, you know?" So, >> I like Strike. I like the APY from it.

[00:16:16]I'm like, "This is good." Like the buy monthly dividend >> stretch stretch What's the one that the $100? Stretch.

[00:16:23]Stretch. The $100 pegged one.

[00:16:25]>> Well, sure. Stretch. Yes. Yep.

[00:16:29]>> Yeah. I like that one. Like that one's interesting to me because I'm like, "Okay, this makes more sense." I don't fully get strive at all.

[00:16:37]>> Strive being this.

[00:16:38]>> Uh I don't know why I don't understand it, but I just >> being >> Yeah. Yeah. Like why do you think this price goes up?

[00:16:45]>> Okay. So, we're going to get to that.

[00:16:46]So, real quick, one more thing before we get to that. I think there might be a little delay, too. But one more thing before we get to that. Um, >> there's like a weird lag right now. I don't know what's going on.

[00:16:55]>> Yeah, it's okay. Well, we we we can figure it out. You and me have done this enough. We can figure this out. Um, yeah, just in terms of how to do it. So, you like stretch. Well, guess what? The market also likes stretch. And Michael Sailor also likes stretch. They tried a lot of different [ __ ] They tried convertible notes, right? Everyone knows about those. Those are the famous first thing that Sailor and Micro Strategy did. That's how they used to make money or raise money I should say to to buy Bitcoin. They tried Strike. They tried Stride. They tried Strife. They now have Stream. They tried a bunch of [ __ ] in the process. And what turned out to be the best thing through trial and error is Stretch where it's the like the fastest growing financial product in the world. Literally there and there isn't a close second. The close second is going to be the one uh Seda that's issued by Strive. So I'm going to talk about that in a second. But now they just announced they're buying back the convertible debt. They're buying back the convertible notes that they did like 5 years ago. And what that signals to me is that they're not only moving on from that model forever, which is great because it's the riskiest model out of everything because there's actual, you know, uh there's rent due so to speak because they're bonds. Um, it shows that they're down to get rid of baggage of things that they don't think are the best. Strike and Stride, uh, Strike and, um, uh, [ __ ] all these names. It's just tough. Strike and Stride and Strife are all really good for us investors.

[00:18:27]They're great for us investors, but they're not as good for Micro Strategy.

[00:18:30]So, I actually think over the next 10 years, they're going to uh wind those down, too, by buying them all back either at par value, $100, or buying them back at all-time high so that everybody's happy because of the success of Stretch and just to clean things up.

[00:18:46]We'll see how it goes. But Sailor effectively said that they're not interesting. He said nothing.

[00:18:50]>> Is it just me or is his camera going out too with some lag?

[00:18:53]>> Is my Is it on my side? What the What the He's black screen for me right now.

[00:18:58]And I don't know if it's Okay. Yeah, it should be >> I'm killing everything. Where did I cut out?

[00:19:18]>> I got to They're killing the stuff that they have as like baggage.

[00:19:23]>> Yeah, they're gonna kill all the old [ __ ] and it's just all about stretch.

[00:19:27]That's what it's all about, right? And so so you have to keep in mind that they'll actually do that. So let's get to Strive as ticker call it AI ass right? Why is this going to go up? Well because it's the second best. So Strive tickeri is the second best Bitcoin treasury company in the world right now.

[00:19:48]It's pretty damn established.

[00:19:50]>> They hold a billion dollars of Bitcoin.

[00:19:52]>> Yep. There you go. And and growing. You know, their pace is is kicking up big time. and they've issued a preferred equity called SATA that's ticker SATA that is based on stretch. So while Micro Strategy has the common stock MSTR, it has the convertible debt that it's now going to effectively uh eliminate. It has five preferred equities, Strike, Stride, uh Strife, Stretch, and Stream.

[00:20:21]Say, uh, AI looked at that and said, "We're just going to go with the common equity, A ticker AST, and we're going to go with the stretch competitor, ticker SATA, SATA." And by the way, on the most recent earnings call, Michael Sailor said, "If you're starting a Bitcoin treasury company with a blank slate, all you do is the common equity and the monthly dividend." So the common equity and the and the stretch like thing, that's what you do. And he shhat on all of his other products, like basically saying they're not good for us. They're good for the investor, but they're not good for MSTR, right? So it was a major cosign of uh AI and he co-signs them all the time. He needs competitors. So, he's always going to cosign AI and everything like that. But it was a cosign of the structure. The big announcement that Seda or sorry that AI made last week was that Seda, their stretch competitor, is switching from once a month, right? And everybody thought it was going to go to twice a month like Stretch because Stretch is going to twice a month in June. Uh SATA is going to daily dividends.

[00:21:27]>> Okay. How But And what's the percent per day? Hey, what's the APY on it for the end of the year?

[00:21:31]>> Annual APY is 13%, because it has to be high. It has to be higher than Stretch.

[00:21:37]Otherwise, why are you ever going to buy something besides Stretch?

[00:21:39]>> Yeah. Why would I buy it if I could just go to Stretch?

[00:21:41]>> Because it's smaller and it's riskier.

[00:21:43]So, you have to have a reason. So, the reason is that it's a higher yield. And now every business day a dividend. And they've rebranded the company to Strive, the daily dividend company.

[00:21:55]>> So, are they the only company doing a daily dividend? I mean, dude, this thing's up three and a half percent, 12% in the last two days. Like, it's moving.

[00:22:02]>> Yes. And it's it's moving. So, check it out. I know your audience is a crypto audience. Let me just communicate this.

[00:22:09]Do you guys realize how hard it's going to be for Hyperlid or Salana or whatever name you want to throw out there. It seems like everyone's obsessed with Hyperlid and then there's uh effectively bag holders that have been holding Salana for a long time and want it to go back to all-time highs that are like really just praying for it. Do you realize how hard it's going to be for those crypto tokens to outperform this thing? It's going to be >> I mean a daily dividend. So what are you getting per day? 13% divided by 365.

[00:22:40]Let's say someone puts 10 grand into it and your audience is going to go to sleep when it comes to this because they're not interested in like making $20 a day or something like that. That's not the way they think about it. But the way to think about it is think about how many people would want a daily dividend thing like that at 13% annual and how much capital that's going to attract and as a result how much Bitcoin they're going to be able to add.

[00:23:03]>> So then what I'm curious about is what happens if they're not able to pay that daily dividend? Do they have to sell? So why won't they be able to pay it?

[00:23:12]>> I mean it's the dividend has to come from from cash and profits, right?

[00:23:17]>> So the dividend for SATA is going to come from ATMing AI. That's what's going to happen.

[00:23:24]>> Okay.

[00:23:25]>> So at the market offerings, but then aren't you diluting share price? Why would share price go up?

[00:23:29]>> Because Bitcoin uh the amount of Bitcoin is going up a lot because they're atming SATA to get more Bitcoin and the price of Bitcoin is going up.

[00:23:40]Okay.

[00:23:40]>> So, so >> now it's making more sense.

[00:23:42]>> People are like, "Pony, Ponzi, Ponzi, Ponzi." Like, they say this over and over again. And I don't understand why people can't grasp this. The difference between a Ponzi is a Ponzi is you give me $100. I turn around and take your $100 that you just gave me that I told you I was going to invest and I give it to a lady that gave me $50 and I said, "You just 2xed." That's a Ponzi. That's there's no there's no base. The money's just around.

[00:24:10]>> These companies own a buttload of Bitcoin. Michael Micro Strategy owns 820,000 bitcoins. 85% outright. 85% outright.

[00:24:23]>> So then my next question and my next concern is if Bitcoin price goes down then doesn't it become more difficult for the at the money offering?

[00:24:31]>> Yes. But they have it's not like they're starting from zero Bitcoin. Do you know what I mean?

[00:24:35]>> Yeah. They have a billion dollars.

[00:24:36]>> They have a billion dollars. They And they can sell it if they have to. So then it just turns into financial engineering. It just turns into like being smart managing.

[00:24:43]>> Yeah. Then you can do tax loss harvesting and all this other stuff.

[00:24:46]Like honestly, if Bitcoin is down below the average entry price on December 31st of 2026, Michael Sailor's best move is to sell the entire bucket.

[00:24:56]>> But he's not going to do that.

[00:24:58]>> I know. Yeah. Like you're not going to.

[00:25:00]But that's like theoretically the best move is to nuke it all December 31st, buy it back January 1st.

[00:25:06]>> Yeah. But it's it it's not a a true hedge fund. Although it's starting to look more it's essentially just a financial engineering mechanism, which now is trending towards making hedge fund like moves, but it's just it's just a big financial institution at this point. It's operating like a bank would only instead of operating with [ __ ] banks are like 90% levered, by the way, because >> Oh, wait. There's banks that are over 100% levered. Like multiple. It's what led to the '08 collapse. There's banks this last year that collapsed because they're over 100% levered. But you have to think, you can't pull out more than a couple thousand dollars without calling in and telling them because they don't have the cash on hand. That's what I mean. And and no one seems to cry and whine about the banks being quote ponzies. They they just cuz they're like they've always been there. You have to accept that new things are happening in the world, new things that are going to be built on Bitcoin because Bitcoin is a better system than the legacy financial system. I'm not saying that it's going to replace everything because we still have world governments. But if you're buying stock in a company that owns more Bitcoin than like pretty much every country in the world in Micro Strategy's case or in AI's case, it owns a growing number of Bitcoin and it's moving up the ranks really fast while it issues products that are desirable to different types of investors. So dude, like think about like a business, right? A business probably doesn't want to take their whole balance sheet and put it into Bitcoin so it's like all levered like a normal mom and pop business. cuz you own a car wash or something like that, but that business might want to get 11 12% yield and put money in the stretch. And if Bitcoin's going to go up at least 20% per year, then Micro Strategy can pay you the 11 12%. That's great. But they're going to pocket >> they're making 9%.

[00:26:52]>> And they're attracting a buttload of capital. Holy [ __ ] >> A ton of capital.

[00:26:56]>> So this is actually this is the best this is the best way you've ever explained it by like a long shot. Cuz historically I've been like, "Oh, dude, this is like why would I not just buy [ __ ] Bitcoin?" Which I still stand by because like you just said, 20% a year is better than 11 to 13, but the volatility is significantly larger versus buying something like a stretch, which feels hard pegged to 100 and now you have SATA similar pegged to 100, >> but with the daily dividend, it needs to be at 100, right, for that dividend to pay out or does it pay out regardless?

[00:27:26]>> The dividend pays out regardless on both on stretch and on SATA. The $100, the $100 is related to >> when they start buying Bitcoin.

[00:27:35]>> Exactly.

[00:27:36]>> Okay. So, they buy Bitcoin for every moment that it's above $100. Any dollar that comes in over $100 of the equity, that's when they start buying Bitcoin, which inherently increases the balance sheet.

[00:27:46]>> Yeah. And it's really sophisticated.

[00:27:48]Like, look at the volume on Stretch and how it'll close at either like $99.99 or $100 on the nose or $1001.

[00:27:59]It's [ __ ] nuts. And people on Twitter, people on Twitter just write that to like zero. People on Twitter just aren't impressed with that at all.

[00:28:08]So, right now it's >> So, real quick, the the chat's wondering, does SATA pay the dividend or does ASST?

[00:28:14]>> Seda pays the dividend.

[00:28:16]>> The daily. Okay.

[00:28:17]>> The daily dividend goes live halfway through June. Right now, it's still >> Oh, next month. Nice. So halfway through June, one you every time every day you hold it, you will receive a dividend the next day, which I have to think people are going to think is interesting. If you put >> Oh, Gary, >> if you're a whale, right? Let's say you're a whale. And I know not everybody's a whale, but I think everyone can get to being a whale over years, right? Think about this financial product. If you're a whale, let's say you have $1 million, and you say, "All right, I made a million dollars memecoin trading or whatever. I I I really did it. That's so cool."

[00:28:50]1 million *.13 that's the 13% annual yield of SATA. That's going to get you at $130,000 a year in the dividend. Let's divide that by 12. That's going to be 10,833 per month. Let's assume there's 21 business days in a given month. I think in May there's 21 or 22 business days.

[00:29:10]Okay, that means if you have a million dollars of SATA, you're going to get $516 a day.

[00:29:18]That's crazy. Like that's good money at a million bucks.

[00:29:22]>> At a million bucks. And a lot of people have a million bucks to deploy. If you have less, you can scale it down. And keep in mind if you're >> even beyond that, you got to think like from a 401k when you start when you retire, right? Like theoretically, most people when you retire, if you've been investing in a 401k since you were call it 25, >> 40 years, you should have over a million dollars in the 401k.

[00:29:42]>> Sure.

[00:29:42]>> Right.

[00:29:42]>> Yeah. Now, what you can do is being retired, just dump that into this and you could theoretically spend $500 a day freely without needing to tap into any of that capital.

[00:29:53]>> It's insane. And so, the thing I want to remind people of though is that these income instruments, Stretch and Seda, they are going to underperform. Am I gone again? Did I [ __ ] up again?

[00:30:05]>> No, no, you're good. You're good. You're good.

[00:30:06]>> Uh, these income instruments, Stretch and Seda, they are going to underperform. not only the common equities, Micro Strategy and AI, but they're also going to underperform just holding spot Bitcoin. So, people have to remember that because you're stripping away the volatility in exchange for a dividend. That's what's happening. I do think that they can actually outperform the S&P 500 though. The reason being is Bitcoin, I think, is going to far outperform the S&P 500, you know, over decades. And these things are taking Bitcoin and just reducing the volatility by call it 10% or something like that per year. So I actually still think these things have a good shot of outperforming the S&P 500. It depends on who you are. If if you're looking for growth, if you have a if you have 15 grand net worth right now and you want to get it to 100 grand net worth over this cycle, which you absolutely can do, that's totally possible. I don't think Stretch and Seda are the instruments for you. I think understanding what they are and why they're important and why they're going to lead to their common equities MSTR and AI going up is quite important because let's say you're a risk taker and you're saying I'm going to go on hyperlquid and leverage long things. Why not buy leaps on AI? Why not lever up on AI and uh and and effectively bet on it to double over the next two years? That's what I'm doing.

[00:31:24]I'm betting on it to double easily. It's [ __ ] doubled in the past month. I mean, I don't even understand how these leaps are so cheap still. Like, it's it's I mean, dude. Yeah. I don't know. I just got passionate there for a second.

[00:31:37]>> No, as you should. I like the play.

[00:31:39]Like, it's it's very interesting to me on that side of things. Obviously, I'm still like I want to I guess I just want to like try to dive into it a little bit more because there's a lot of interesting mechanics to it. But actually a good question there was why does AI have more volatility than strike?

[00:31:58]>> Yeah, I see more like MSTR.

[00:32:00]>> I see two questions. So yes, Tristan Tristan said I'm confused why ASI has way more volat volatility than Stretch Acts more like MSTR because it is the MSTR. So if you're going to do it in simile form, MSTR is to AI what stretch is to SATA. So make sure you're looking at the right tickers. So stretch is to SATA, MSTR is to AI. So you identified that Tristan yourself. You're like what the [ __ ] Why is this so why is it so uh you know volatile because that's the MSTR that's the common equity in the Bitcoin treasury company whereas SATA is the preferred equity that issues the dividends. And the second uh question so who is dad said how do we know he will not sell? I don't think he will but I think it's worth asking. I think he's referring to Michael Sailor selling the Bitcoin that's owned by his corporation MSTR. Why won't he sell? Well, he will sell when it's advantageous to MSTR common and shareholders to sell. That's number one. He has sold in 2022 or 2023.

[00:32:59]It's hard for me to remember.

[00:33:01]>> Uh when it was advantageous because he uh sold his high cost basis Bitcoin for tax loss harvesting purposes just like you must uh you might and bought more Bitcoin in the same week. So he did essentially a wash trade to tax loss harvest and increase their Bitcoin position. Why won't he sell? Well, because he's building a Bitcoin treasury corporation that's on its way to becoming an actual Mag Seven company, and they need to have the the damn Bitcoin to do it. So, that's like saying, "Why won't Google uh destroy a Gmail?" Well, because Gmail's a pretty good product. Are you worried about Google destroying Gmail? Is that what you think about, too? Like, it's literally the same thing.

[00:33:41]Ellie, this says, "This sounds crazy, and I love it." Why do crypto people have this reaction to this? I don't understand. It's like a very basic thing. It's the same thing as a bank.

[00:33:51]Every I don't know this. This sounds so crazy. I can't believe it sounds so crazy. [laughter] What's the big deal? Like I don't get it. Like >> Well, it's just like it's tough for some people to conceptualize that there's a publicly traded company that's willing to give you 13% a year daily, right?

[00:34:10]Like it's unheard of especially when savings accounts are looking at like four to 5% a year if you're lucky >> but they're not buil built on Bitcoin which is going up 20 to 30% a year you know on average that's kagger real quick Don D Soul said how can you invest in them if you're not a US citizen so that's really a great question and that's something that I think is super important to discuss there's a few different ways interactive brokers I do believe is an international brokerage and a very popular one people love interactive brokers even Americans do.

[00:34:40]So check out Interactive Brokers if that's available in your jurisdiction.

[00:34:44]Beyond that, there are tokenized equities. Now I don't know if AI is tokenized anywhere.

[00:34:49]>> It's not.

[00:34:50]>> MSTR certainly is.

[00:34:53]>> You buy MSTR on Hyperlid.

[00:34:54]>> On Hyperlid, can you buy and hold spot?

[00:34:58]>> Uh I think it's just leverage right now.

[00:35:03]That's not ideal because then you're >> so you can buy spot on Salana with X stocks and some of those others which are the actual stock like >> that's good. That's good.

[00:35:12]>> Yeah. I'm just looking right now. MSTR.

[00:35:15]Yeah, you can't buy SPA on Hyperlid, but you can buy an X stock which is just a it's the exact same thing and any dividend or anything like that just actually buys you more shares. So the way they pay out the dividend is it just purchases more shares.

[00:35:27]>> That makes sense. Real quick, Adam McBride goes, "This sounds a lot like all the great crypto ponzies." He you should get a tattoo on your forehead that says I'm a crypto guy. Like you're literally just you're all tatted up.

[00:35:38]You're inked up your whole body up to your neck and it's just like all crypto.

[00:35:43]You're like I'm never going to get it. I just explained in depth why it's not a Ponzi scheme. It's the opposite of a Ponzi scheme because they own 815,000 bitcoins 85% outright. Why does everyone write that to zero? Why are you saying that's nothing? Oh, all that Bitcoin, billions, tens of billions, almost hundreds of billions of dollars of Bitcoin. Nah, nah, that's nothing. Let's write that to zero. A Ponzi scheme means easy gives me $100. I take the hundred, I give it to the lady that gave me 50.

[00:36:14]And there's no base. There's no monetary base. 815,000 bitcoins is a pretty good base. If you can't understand that, you have to ask yourself some questions. You have to say, why can I not understand this no matter how many times it's explained to me? Why am I obsessed with crypto? Why do I believe crypto is the only way? I got my personal trainer over here who's a crypto guy pinging me. I told him about MSTR and Nasty. He goes, "What do you buy them on?" I go, "I buy Spot and Leaps on uh Robin Hood." He goes, "Why not Hyperlid?" I go, "Cuz I'm not a crypto guy. I don't have to buy everything on a crypto product. Why are you obsessed with using Hyperlid instead of Robin Hood? Why is there so much allegiance to crypto products? Use regular [ __ ] Why are you so weird?

[00:36:56]>> It is funny.

[00:36:56]>> What's going on?" It is pretty funny that there's like a very hard push. Very hard push.

[00:37:02]>> Why does it always have to be a crypto product? I don't get it. When you go to the grocery store, are you looking to buy it on crypto? Can't you just buy the [ __ ] chicken? I don't get it.

[00:37:12][laughter] >> Yeah. Yeah. I I just think people are so used to using it that they're like, "If I can use and stay on chain, I want to stay on chain." Like, there is an allegiance for sure.

[00:37:23]>> They're obsessed with being on chain.

[00:37:26]you know that when you're offchain, like when you own Micro Strategy stock, you can do really interesting [ __ ] with it.

[00:37:32]Like you can sell options on it and that's super [ __ ] interesting and you can make free money while holding your position actually. Not in a weird way where you're like staking the token, but the token's going down in price, so you're not even making money anyway.

[00:37:45]Like figure it out. And then I got we got guys coming like, "Hype is goated.

[00:37:49]Hype is goated, bro.

[00:37:51]>> Hype is goated."

[00:37:52]>> I know. But why are you so obsessed with this thing? It's just it's just the shiny crypto thing right now. If hype wasn't crypto, no one in crypto would give a [ __ ] about it at all. They would be out on it.

[00:38:06]Yeah. I mean, if it wasn't working, people wouldn't care about it. Dexes have been around forever. But the thing is, it's like there's so much liquidity and depth in there that you can like there's a lot of interesting ways to trade it, I think, and like be a like I really like Hyperlid for earnings because like you can trade earnings pretty freely on it very simply and be able to capture upside and downside right after the earnings call, right?

[00:38:29]Like you could have actually made profit on him when the earnings came out even though it tanked because it did pump initially. Same with Nvidia. Like there was opportunity for it. So, it's like I don't have to wait for options to try to capture maximum upside. I could get leverage. That's why it's interesting to a lot of the people.

[00:38:43]>> Absolutely. So, real quick though, um, so I think Hyperlid is a phenomenal product. I absolutely think Hyperlid is a phenomenal product and but I know the crypto guys are just so obsessed with the token and they care more about the token because they just have to buy crypto. They won't buy anything but crypto and they're like, "This is the shiny crypto token right now." So, they love the token so much. But you don't have to only use the product. I think the product's great. I think it's one of the most interesting things in crypto. I think it's going to be really hard for that token out outperform AI. I think well over years it's going to be impossible, but over the short term I think it's going to be really hard.

[00:39:18]Let's do one thing. Can you pull up AI?

[00:39:21]And then I got to go. Can you pull up AI and can we do something on AI together?

[00:39:25]>> Yeah.

[00:39:26]>> Check this out, guys. And I already know I already know people are going to call this moon math. I already know. People are going to be like, "This guy's crazy.

[00:39:36]Look at this [ __ ] AI." The cool thing about a Bitcoin treasury company.

[00:39:40]>> Thinking it's sweet time to load. I apologize.

[00:39:42]>> Yeah. Am I dead again? Am I still on here?

[00:39:44]>> Yeah, you're still good. It's what? For whatever reason, Claude. There we go.

[00:39:47]>> All right. So, check it out. So, here we got a Claude open. And I know people are going to roast me for this a thousand%.

[00:39:52]They're going to call it moon math. But what we're going to do here is we're going to talk to Claude. And you can kind of type based on what I'm saying, but we're going to have Claude do some math based on a few factors. We're going to do it based on the price of Bitcoin, the rate of accumulation of Bitcoin for AI, AI's current Bitcoin holdings, and >> goes lower, goes lower, goes lower. So, what are we doing here?

[00:40:12]>> We're going to say make a prediction for 12 to 18 months out for the publicly traded equity ticker AI. use its current ba uh current Bitcoin holdings, the most recent accurate data you can find on its current base uh Bitcoin holdings as an example. Look at the volume on Seda and the increase in volume week overweek and their ability to use SATA to acquire more Bitcoin. Look at historic M&A of MSTR and AI and make estimates at different M&As of what the share price of AI will be. factor in share dilution based on previous data for ASI and for MSTR and make a make an assessment of what that dilution is going to look like moving forward and give us these numbers based on different M&As and different prices of Bitcoin. For example, let's do a conservative bare case that in 12 to 18 months Bitcoin cost $100,000 per coin. do it for $130,000 per coin, $160,000, and let's go crazy bull mode, $195,000 per coin. And put this all together and give us different scenarios for the expected share price of ASI. And and also make a small assumption, but not a huge assumption. Make a small assumption that because AI is riskier than MSTR, it'll go, you know, it'll kind of pop higher. So in other words, it'll have a potentially higher MNAV than MSTR would.

[00:41:45]M and ladies and gentlemen, if you're listening, MNAV is just multiple on net asset value, which is a huge factor for these Bitcoin treasury companies. So we have Claude doing work based on actual hard data that's already happened. This is baseline [ __ ] [ __ ] that Claude is doing. Uh someone said, I'm getting into [laughter] an an argument with AIS over this. Like I'm just dissatisfied with their prediction.

[00:42:10]>> Like this is it comes out and it's like Aie will trade at $2 and you're like no you're [ __ ] wrong. You're so wrong.

[00:42:17]It's like Aie will actually go bankrupt and you're like this is [ __ ] >> I just I'm by myself in my apartment just arguing with the AI >> screaming at your screen.

[00:42:28][laughter] >> That's funny. That's super funny. Um so I'm actually curious. I haven't done this with AI recently, but I'm curious to see what it spits out. But you'll kind of see how you can sort of predict where this stuff will go. And this doesn't even factor in, you know, silly stupid uh mode where the MNAV gets up to four to six or something dumb. Uh MSTRNAV got up to like 3 plus last cycle.

[00:42:50]>> Okay, so here we go. So it's saying this is all the key data it's gathered. MSTR Bitcoin's currently 7980K. The user scenario of 100, 12, 160, 190. All bullish from here. model dilution sata driven Bitcoin accumulation 98 net 57 mil 76k about 750 Bitcoin a month current state dilution model for 12 to 18 months I hate dude I hate Claude go up go to the current situation I hate Claude so much I just hate these AIs where see that current state real quick I just want to comment this on the AIS first of all I think if you ask the AI what day it is it gets it wrong sometimes it's so weird that it can't get like basic [ __ ] right this is financial data Can it just go to Yahoo Finance and pull this up right now? Why, >> dude? Why does it always have to be wrong? So, right now it's saying that it has 91xm.

[00:43:42]That would mean it's trading at a discount. That's [ __ ] wrong. It's trading at 1.2x MNAV. How can you not just grab this [ __ ] data clot? No.

[00:43:52][laughter] I mean, all right, let's just see the rest of this stupid [ __ ] Let's just >> Oh, it's still going.

[00:43:59]Let's see the rest of this stupid [ __ ] that's probably inaccurate and pissing me off. Um, >> using an 88 million diluted common share and conservative 27,000 Bitcoin nav share BTC 130 nav share 364958.

[00:44:14]So it's saying how to read those numbers conservative bare case 37 to $70.

[00:44:19]>> Yeah, that that makes sense. That makes sense. Base case 51 to 97 bull case 67 to 128 from the current $16 even the conservative bare case is a 2.3x base case is a 5x what could break this thesis mnav compression say the dividend coverage aggressive common at the money offerings and bitcoin doesn't actually hit these levels >> yeah I mean ladies and gentlemen take this with a grain of salt cuz these [ __ ] these AIs are so stupid >> I'm yelling at right now >> but it's just so like now it's just running with the 1.22 cuz we told it that. I don't know what the actual the MNAV might be 1.19 today. You know what I mean? Why can't you guys pull data? I thought that was what you're for. Like I don't get why you struggle with data so much. If you ask it, don't do this, but if you ask it like what the MSTR all-time high is and when it happened.

[00:45:10]It's just wrong. I'm like, aren't you digging through a spreadsheet? Like, I don't get how you mess this up. Real quick, last thing before we [laughter] na blog said, "I laughed about arguing with AI and then immediately >> that immediately argues with AI." He's like, "I'm not going to argue with the AI. This is [ __ ] This thing's [ __ ] dog water."

[00:45:31]>> It pisses me off so much. You could dump a spreadsheet in that you provide and it'll still get the data pulling wrong.

[00:45:38]Real quick, Miguel pointed something out before I leave. Last thing. Miguel pointed out the AI versus Bitcoin pair looks crazy for the talk. uh stock.

[00:45:46]Let's do a little easy uh tell, you know, technical analysis, a little easy signature TA here on the pair of AI versus Bitcoin. I'd be very curious to see what you think.

[00:45:56]>> Yeah, we can pull it up. ASST BTC. Let's see. I think I have a two chart setup, so it's going to take one second here.

[00:46:02]Oh, no. This is just pulled way over.

[00:46:03]Okay. As So, we want to see ASST BTC.

[00:46:08]>> Uh yeah, ASD against Bitcoin.

[00:46:14]>> Here we go. Wow. I mean it's outpacing like crazy gap up.

[00:46:19]>> So I mean >> minute let's go to 4 hour.

[00:46:23]>> Okay this Yeah, this is a breakout like clear breakout but I mean you can obviously see except as how long is as it's saying it's as been out since last July.

[00:46:31]>> Yeah. Not that long.

[00:46:33]>> Okay.

[00:46:34]>> So I mean when Bitcoin was alltime high this thing was trading like a crazy multiple above it.

[00:46:38]>> And that was like basically before SADA was even in swing. sedated in.

[00:46:44]>> Yeah, this is a bottom chart though.

[00:46:45]Like this is you're buying a great bottom in my opinion because we're getting higher lows here. So like even this is now giving us higher lows. So like dude, even if I'm targeting it, you got like some pretty good move up here in my opinion where Cole should do really well here.

[00:47:03]This gap here.

[00:47:05]Yeah, you got this is this is a good chart. This is a very good chart. So, keep in mind this thing's going to be more volatile than M MSTR. It's like 2x MSTR volatility. So, this thing, you have to sell it. I'm going to sell every ex all my exposure to this. I'm selling everything. All the calls, all the [ __ ] spot shares, it's all getting sold. Not because I don't believe in the company long term, but because you're going to round trip this thing brutally.

[00:47:32]Cuz if you if you know anything about MSTR, you know MSTR, it went from 540 to 107. It literally ate an 80 plus% draw down after being around for like four years as a Bitcoin treasury company.

[00:47:43]This thing's brand new. So, I think this thing sends like absolutely >> I mean, yeah, we got a 30% move here short-term, 135 medium-term, 225 long-term >> 225, you think?

[00:47:55]>> 225%.

[00:47:56]>> Oh, got it.

[00:47:57]>> Whatever it Yeah, these are percentage gains.

[00:47:59]>> Got it. Yeah. So, but it's going to be so volatile. So, I'm selling everything with this thing as it and I'm going to take profits along the way. yada yada yada cuz it's going to be super volatile. It's a sick stock. Someone just brought up Open Door, which you and me both own 10,000 plus shares of.

[00:48:14]>> Yeah, I have so much Open Door. I'm still buying Open Door. That's like a long-term trade, though. Like, I don't mind accumulating that. It's going to take time, just like Carvana took time.

[00:48:24]It's going to take time for that model to gain traction and actually make sense.

[00:48:27]>> It's different. You're waiting for the world to catch up to it, and you have a sick, nasty CEO and super sick employees underneath him working on it. building an absolutely savage system, but it's going to take a long time for it to go.

[00:48:40]But once it starts to go, it's going to send. And that's why I'm being insanely careful with covered calls. And we'll probably just phase out selling covered calls on it completely. But >> because when that moves, it's going to move. Like the difference there is as soon as it catches on, you're going to have 10 15% candles in a day.

[00:48:57]>> Exactly. That's what I mean. And so just like Carvana by the way and yeah with AI has a more direct path like AI and iron like these Bitcoin miners they just have like a more direct path where like in the next 18 months I know that they're going to send someone's asking how I'm going to take profits on AI. It's really just going to be based on time because like we're early to this thing in the sense that it's only it's existed for about a year. Seda hasn't existed for that long. Uh Connor said what do I do if I'm down 60% on open? Right now they're shorting open to get retail investors like Connor out of it. Like when they literally the institutional buyers are going up, the retail investors are going down because the retail investors are they're talking about opportunity cost. They're talking about how, you know, this is the worst play that they've ever made because they're down on it. You know, all this different stuff. Those people are going to get shaken out. So you have to do like whatever you want to do. You should definitely sell covered calls on it, bro. Like a thousand% if you're scared.

[00:49:55]Sell covered calls every week obviously.

[00:49:57]>> And then use a profit to average down >> or or don't. Like if you don't want more exposure, don't. But you should be selling covered calls, dude. Like what are we talking about? You got to sell cover.

[00:50:06]>> I think that's spot on. I got to let you go, though, because you're going to be late for your flight.

[00:50:09]>> See you. Yo, thanks for having me, bro.

[00:50:10]As usual.

[00:50:11]>> Always, always, always, always.

[00:50:12]Appreciate you, >> dude. I got to say Pio's on it. I like his take on a lot of that stuff. I genuinely do. I think he's not wrong on a lot of that. I think that there's a lot of good for what he's talking about there and it makes me very interested to get into it. We just missed a little bit of market open. Um, yeah. So, I want to talk a little bit about this. Market open happened. We're up half a percent. I did scale out some of my Cisco calls. So, if you look at the account, we're back above 10K. $700 day today. I bought IBM calls. These are two months out. These are a little bit more aggressive. The reason that I picked these up, even while Pia was talking, was because I didn't want to miss the boat. I got filled at $8 per, which is pretty pricey. You can see my cost was $2,400. The reason I wanted to get into this was I look at something very simple when it comes to some of these plays. And I saw this post from Crypto Rover. I'm not a big Crypto Rover fan. I don't love the page, but I do think they're spot on with this thesis.

[00:51:17]If you miss buying Intel before it pumped 500%, AMD before 600% and SanDisk before it pumped 5,000%, don't miss this tweet. Just now, the Trump administration has announced a stake in these nine stocks. IBM, GFS, QBTS, RGTI, and ifQ. They're giving a billion dollars to IBM. So, my thought is, why would I fade buying into the Trump trade, right? I'm more interested in buying into the Trump trade here, especially given the IBM chart is up 20% in five days, and I think it continues to run. So, I picked up 285 calls for July 17th. So, we're playing 60 days out, and I actually like that play a lot here. Like, I do like that play a lot. I think that in general we should have some positive price action in regardless like I think if we do get the ceasefire in Iran, the US government backing a lot of these and now what I also want to do is take a look at a few of these other tickers. GFS because if we can find some smaller ones. Yeah, Global Foundaries is trading at up 8% on the day, $87. It makes sense for me to probably also pick up some GFS 100 calls, which we're going to do here, too. GFS 100 calls for July 17th. Yeah, there's $6 per. So, we'll grab three of these and we'll get try to get filled at like 625. Place an order on that. Oh, oops.

[00:52:57]63. We're going to try to get filled on this because I do like the trade. So, I want to get exposure to these quantum investments that they're making. QBTS is another one. That's kind of where my head is is if the government's investing a lot of this. All this feels bubbly.

[00:53:16]Maybe it keeps running, but if it pops, it'll be obvious in hindsight. Yes and no. Yes and no. The reason that I'm like more comfortable buying some of these is simply because it's a bet on quantum.

[00:53:26]So, I'm comfortable betting on Quantum because the US has an inherent financial desire to beat what's happening here.

[00:53:35]Like, I think that they have a a financial desire to make sure these do well. So, yeah, we just got filled on QFS, which I'm or GFS.

[00:53:48]So, now we're filled on GFS here as well. IBM, GFS, this is like the full breakdown of what we're holding. Crisper Therapeutics will expire worthless today. I might cut a couple more things going into the weekend. I'm still holding this in a video call, which is down. That one's tough. But I like a lot of the exposure that we currently have.

[00:54:08]Um I I just think in general Trump has a financial desire to make these prices go up. He really does. Like he genuinely does.

[00:54:17]100 calls for July 18th as well. current holdings below.

[00:54:26]Yeah. So, I'm also going to add those GFS plays just because I like those a lot too. Added GFS 100C for July 18th as well. Betting on this quantum investment.

[00:54:39]I just think in general if we're going to get another run maybe maybe it is that easy. Maybe it is that easy that we can just tail the president to financial freedom. That would be the coolest thing ever, right?

[00:54:53]like INFQ is just sending on the back of this which is so wild to see and that to me is where I'm more like okay this feels like a a potential logical solution here where if we can also just tail the president why wouldn't we right like I think in general right now the biggest catalyst for full risk on and like really pushing a lot of this stuff is going to come down to the war in Iran.

[00:55:23]If the Iran situation gets resolved, like they've been saying, they're much closer now than they ever have been before, then I'm like definitely more interested in a lot of this stuff. I sit here and I'm like, okay, I I feel confident being able to buy a couple of these plays. We are down slightly, so you're going to get better entries than me, and I might even average down if I can. But these are two months out. These are two months out. The difference is Quantum is fake. You say that, you can say quantum's fake, but the reality is quantum computing is going to be a thing. [snorts] Yeah, GFS calls are now up 8%. So Trump's Intel call went nuclear and the government's investing in it. Why would I want to fade what the government's investing in? Like I just don't Yeah, this is I think this goes to 100 so quick. So I'm comfortable buying these and we just got a nice pump on it. So I'm going to add both of those. That's probably some I'm I don't want to trade too much on a Friday before we have a ton of news. Our Cisco calls are up 100%. So, I've scaled out a good bag of those. Um, yeah, we're actually going to sell the rest of the rest of our Cisco calls here and see if we can get filled at 2.2 just to see if we can get out of that.

[00:56:34]I'm comfortable taking 100% off and [snorts] uh I'll feel good about that. I will feel good about that just in general. I mean, I'm fairly confident in a lot of our plays right now. I like I like where allocation is.

[00:56:48]I'm hoping Nvidia can make a comeback going into June. That would be euphoric.

[00:56:51]But there's also a few other things I want to talk about today. We had PO on.

[00:56:55]Awesome time to talk with them as well.

[00:56:57]And the main thing is we're talking a lot about this quantum stuff, right? The reason I'm like becoming more interested in quantum is clearly the government is interested in it and starting to like play a hand in it. But then the other side of it too is when we look at this stuff, I'm very very interested in a couple key components of quantum. Very interested in a couple key components of quantum. And nearly 500 billion of Bitcoin is exposed to future quantum computing attacks. So I'm looking at that. We just got we just closed out of Cisco, by the way. So completely out of that. Nice early start to the day.

[00:57:34]I want to also add this 100% out of Cisco calls here for a 100% gain.

[00:57:45]Current holdings below. So, I'm always updating this. If you subscribe to me on X, it's just the fastest place that I share a lot of this stuff. It's just easier for me. Yeah, GFS going on a crazy crazy run. So, I don't mind. Like I said, dude, if the government's investing, why would I not want to just tail the investment?

[00:58:02]That's where I'm at. Yeah, we're already we're already up on both IBM and GFS, so I feel good about that. Easy. Read your ex messages. Mfer, I'll I'll read it right after the stream. Dio, I apologize. Got to be better about it.

[00:58:13]Got to be better about it. Got to be better about it. Got to be better about it. I apologize. Forgive me. Forgive me.

[00:58:18]But yeah, I like both of those trades that we just took this morning. So, looking at this blockchain data firm Glass Node has mapped the vulnerabilities embedded in Bitcoin's existing supply, pointing to exchanges as a weak point. More than 30% of all Bitcoin or has already had its public key exposed on chain making it theoretically vulnerable to a future quantum computer attack.

[00:58:38]If we have a future quantum computer attack then clearly clearly quantum in general in my opinion becomes infinitely more valuable. And the reason the US is investing in quantum is because they don't want another country to take over and dominate. They want to be the leader which is fine. I also think that that's probably the best play that we could have here. The exposure breaks in two ways. Structural from script designs that reveal keys by default and operational from address reuse behavior. Exchanges account for roughly 40% of operationally exposed Bitcoin, though the risk varies widely by platform and can be reduced through better wallet hygiene. So, exchanges could theoretically move assets around and create a better scenario.

[00:59:23]Bless me. But I'm more comfortable on some of these some of these fronts where I can take plays and get exposure to quantum on the back of the president, right? [snorts] Why would I not want to get on the back of the president and tail where they're investing money on quantum? That for me is like what my brain is saying right now. [snorts] And I'm like, yeah, this feels like the logical solution.

[00:59:50]This feels like the most logical solution is to take these trades and ultimately ride the wave of the president just giving us the playbook.

[01:00:02]So that's kind of where my brain is going on this. We just for context real quick, we exited Cisco calls. We're in GFS and IBM calls, which we're up on both of those at the moment, which is great. That feels very good. We're back above 10K in the account, which is awesome. So, we've turned 1K into 10 on this stream on the back of InnoData, which was huge on the back of some of these other like great great equity plays that we've been taking. It feels good, man. It genuinely feels good. So, I also want to talk about this because I have been trading memes again pretty frequently. Yesterday, we took one play on [snorts] this. I got smoked on BM Bart [ __ ] Milhouse, but I bought this mask coin, right? We bought and sold it pretty early. It ended up running to 150K. For those of that that did not see this, this was a crazy crazy story. The mask people were freaking out that a CNN >> was wearing a mask world global economy, which they're holding all hostage to.

[01:01:02]>> The reason that I enjoy memes still is because I truly think that we're starting to see more onchain interest again. And if you can find social narratives of people that are buying and selling trends, right? Will this get more news coverage, that is the only thesis, in my opinion, you need from memes. The only thesis that you need.

[01:01:24]I'm going to throw another thousand in here and start trading on FOMO significantly more aggressively. So, I'll I'll top this up to a,000 today and start taking more positions. But I saw this mask coin and we hit a almost a 2x.

[01:01:36]couldn't 90% win on it just because I thought that there would be more commentary on this video. And I think that that's one of the best ways to trade memes is will this today have more news than it did yesterday? And that's the entire thesis. It's extremely extremely straightforward. And that there's so many tickers that we've started to see that have done similar.

[01:01:58]Gapla is the perfect example. There's a Tik Tok video of a country Right. The world's newest country built by teenagers on 205 acres in Southeast Europe. Build the society of the future >> country on the world's last piece.

[01:02:17]>> They literally have passports. They literally have passports. And you can see what I like is, dude, this person's up 4,300%.

[01:02:25]They're up 28 thou. They put a,000 in at 27K market cap. 27K.

[01:02:31]and they're using fees for passports, IDs, building cabin, and Starlink. They have 2,000 e- residency apps, 30,000 followers on Tik Tok, and four million views. It's Gen Z's country in 2019. I just think the social narrative for memecoins continues to gain a ton of traction, and I think that it is one of the most straightforward ways to trade memes. Like, there's so much interesting [ __ ] Let's see who's at the top of the list. One more cell print on.

[01:03:00]>> [snorts] >> I don't even know. Oh, and then we obviously have UniPix who joined the platform yesterday and he holds 2% of the World Cup coin. 2%. Apparently, half the timeline is coping hard on this and calling it a scam, questioning why it's up this much. Just the right ingredients for it to go much higher. Plus, shows how many are sidelined. The World Cup is coming up and this token is basically letting you speculate and bet on the World Cup by picking countries or just buying the overall token. So, Unipix joining FOMO is huge. Obviously, I love working with FOMO and I'm more interested in a lot of the stuff here.

[01:03:33]World 50% of creator fees from every country is used to buy and burn world cup. The other 50% goes to marketing.

[01:03:39]It's how the ecosystem is run. Not financial advice. Not a guarantee. Bon guys is pissing me off. The useless shields seem so forced. I don't think they were. I don't think they were. I think blond guy people will speculate on the 2026 World Cup in many ways. Betting markets 150 billion to be spent. Prediction markets 1.2 billion traded already. crypto.

[01:03:57]What's a fair evaluation for a World Cup memecoin? It's not a Ponzi if you're early, but we just got Unipix, which is in my opinion one of the biggest news for this because now you can just follow him and you're able to just see what he buys and sells, which clearly still causes a pump. The guy has motion.

[01:04:15]Unipix has motion and you cannot deny that in any capacity. The guy gets it.

[01:04:19]The guy's on it. And if he's on it, why would you tail it? That's my opinion on it. I just think overall there's still so much on the memecoin front where you can make trades. At least you Yeah, at least we know he'll hold it to zero.

[01:04:34]That's the biggest thing. Like UniPix loves to hold to zero. If you haven't signed up yet, I would love if you signed up through my ref link. It would mean the world to me. It's just fomr/ easy bodega. I would love you if you just signed up through my ref link. And I'm going to post it in the chat. If you haven't signed up, please do. Please do.

[01:04:51]I would love you guys. Please. Uh comments. Here we go. Bang. Bang. There you go. [snorts] Now you guys got the comment. So that would mean the world to me if you guys signed up through it. It would be dope if you did. Dope if you did. We're going to start trading more aggressively on it and making more trades. There's so much interesting [ __ ] on the social front.

[01:05:07]Gobla. How did they get passports?

[01:05:11]That's what I'm confused about. How the hell did they get passports?

[01:05:15]Yeah, FOMO app. It's the one with the eyes. So they have mobile and web now.

[01:05:18]So it's fomo.family. If you click that link, I think you can actually sign up right on web. You got me on one another one of your refs.

[01:05:26]Uh, Dorado, I think you're on this ref.

[01:05:29]I think I saw you on here. Yeah, Dorado, you're on this. So, I appreciate you.

[01:05:32]But that's kind of where my head is at right now. Um, tailing the president on Quantum Plays, which I like a lot.

[01:05:40]That feels good. Post that on X and I will join. I'm going to comment on X underneath the stream. So, if you're on X, if you're on X, I would love if you joined as well. Let me just share this on my link for FOMO and I'd love you forever one of the most.

[01:06:10][snorts] All right, that's now underneath it. You can sign up. We just linked that. So, we're we're there. Uh yeah, we are getting a little bit of a sell on some of this stuff. I might actually buy another I might buy another IBM call, which is crazy to say because they're expensive as [ __ ] But I just don't want to fade the president, man. I don't want to fade the president at all.

[01:06:30]I do not want to fade the president.

[01:06:40]I don't want to fade him. You think FOMO would launch purpose at some point? They might. I mean, if they I would love if they just wrapped Hyperlid and used it as a builder program. That would be the thing I would be the most happy about.

[01:06:49]We are starting to see a little bit of a sell-off on the market today, which is interesting. So, if we look, we're getting S&P not down a lot, but showing some weakness. Bitcoin down almost a percent, which is leading Circle to go down, which sucks. ETH down half a percent, soul down half a percent. Oh, which means my leverage trades are probably getting beat up a little bit.

[01:07:12]Yeah, we're down $44. Not bad because we only have one leverage trade open, I think. here. No, we have two. Yeah, we have NIL and Chain Link. Chain Link around $50. NIL, we're still up 10. So, long weekend, right? Some people de-risking. No. Yeah, market's closed on Monday. So, I'll I'm going live Monday.

[01:07:28]For context, by the way, we have the director from Positions, the movie, the crypto movie coming on on Monday. So, I'm wicked excited to talk with him.

[01:07:36]He'll be on Monday at what time? 9:45.

[01:07:42]9:45. So, I'm very excited for that. Um, [snorts] very very excited for that. We're going to see I mean maybe there's some d-risk going into the long weekend. That's like the main thing we're seeing here. I think the other side of this too is obviously this ceasefire news supposedly there's meetings happening. Maybe we get meetings this weekend. That's the toughest part to figure out is do we actually get meetings or not? And that's kind of where I'm sitting waiting to see what's going to happen.

[01:08:24]But yeah, I mean, if Trump gets his nuclear deal done over the weekend, we're going to get a crazy rip on Monday. Like gap up across the board.

[01:08:31]That's the main thing. Kevin Wars got appointed this morning, so that's big.

[01:08:35]Obviously, his FOMC in July is where a lot of people are waiting to see what he's going to say across the board for that. I don't mind being long into the long weekend. There's some stuff I'm long on, but I'm probably not going to add too much more. Like we've shown, we're pretty long on a bunch of things, but uh it stuff like that feels good.

[01:08:54]Stuff like that I'm comfortable in. very very comfortable in just because right now being long directionally there's more upside in my opinion like I think the crypto pullback is unsurprising just given the rally that we had recently but I'm very curious to see what's going to happen with it over a long weekend and obviously you'll get risk on assets moving if if if if we get some positives from this nuclear deal. Iran is obviously still a little bit hesitant on some stuff, but yeah, I'm uh they're hesitant on giving up some of their nuclear refinery stuff.

[01:09:42]But I don't I don't mind it. I don't mind it. I'm pretty comfortable being where we are, where we're exposed uh on the market right now. So, I think right now is just being able to kind of sit patiently and wait and figure out what's going to happen. IBM calls are down at the moment. GFS is still up. Coreweave, we're up. We're flat on Circle. Uh, down on Nvidia. I get a bad feeling those negations, Dude, the negotiations never go great. Never go great. That's kind of the tough part. That's the shitty part.

[01:10:11]The negotiations never go great, which is annoying. We just need one good negotiation for us to really be surviving and thriving. Also, if you do follow me on FOMO, I do sell quickly, so be warned. Some narratives we catch and have absolute cooks. Some because we don't. Um, but yeah, right now I'm pretty comfortable in a lot of our exposure. I still think near looks good here. Yeah, dude. The near chart is [ __ ] beautiful, man. I like this near chart. Let me share this. Sorry, I accidentally closed the tab. I was sharing. Near still looks good at 227.

[01:10:44]VVV still looks good here. Slight pullback. Yeah, man. That's actually a pretty gnarly pullback on that. So, we are long NIL and long near. I want to say we were long world overnight.

[01:11:00]Just a lot of trading. Just a lot of trading. It feel it feels like the market is picking back up. It does feel like the market is picking back up. So, if it is, we're in a great position to capitalize because we've been habitually online, right? And if we're habitually online, we're going to catch these runners. We're going to catch these movers. And it's really where we're going here. Long near after your thesis live stream. Yeah, Dell's ripping, too.

[01:11:22]I I sold my Dell calls way too early, dude. Way too early. I was so pissed. I [ __ ] that up. We were on Dell 250s for May 29th. I don't even want to see what those are at, dude.

[01:11:39]Oh my god, dude.

[01:11:42]We were on Dell 250 for the 29.

[01:11:49]Oh my god. 4,000.

[01:11:53]There's no way that's what we were on.

[01:11:58]Dell 250s. I sold them at 16. I I left three bands on the table.

[01:12:03]Oh my god, that one hurts. We made 300 bucks and we could have made like three grand. [ __ ] me. That one hurts. That one hurts. I'm not going to lie. Two We were on 250s.

[01:12:16]They're at 46 4,600.

[01:12:20]We were in at 1,600.

[01:12:22]We'll We'll make We'll make it back, though. That's the thing is got to just continue to grind the account up, continue to make moves on it, and I I'm I'm fairly comfortable in that side of things. So, lot of big things going on right now. Obviously, the main narrative right now is do we get the ceasefire over the weekend. That's that's one of the biggest things. I think we also have some positive news for crypto. Bro, trading is painful. I'm getting a job.

[01:12:47]Not going to lie, it happens. QS hurts an actual loss. Yeah, QS is tough. Um, it it sucks that that Kevin Zoo guy bought in, sold. So, overall though, I like a lot of the positions we're in. I think right now we kind of just let this ride. If I make any more, I'll share them to the whales and on the ex subsubscribers. Just share the trades I'm making. But right now, we're just gonna have to wait and see. Everything's kind of hinging on do we get a ceasefire deal over the weekend, long weekend, and that's mostly what the market's waiting on. Is this long weekend ceasefire seeing what the news says? If we get more positive news today, then it feels good. Did you get project XPoints?

[01:13:25]I have project XP points. Yeah. Oh, the cash drop is today. Cool. I have project X points. Yeah, that is a chicken nugget pillow right there. It's a Travis Scott McDonald's collaboration pillow. But listen, that's going to do it. I am streaming on Monday. I will be back Monday. So, we will be live at 9:00 a.m.

[01:13:40]Eastern time on Monday. I appreciate you all. Have a good one. Enjoy the long weekend. If you're off from work, enjoy it. Tell your friends to tune in because we'll be live. I appreciate you as always. And if you're a new Clipper, DM me. We're still adding more and more Clippers to the ecosystem. I appreciate you all as always. We will catch you first thing Monday. Peace.