Bitcoin has big new use case? AI causing mass layoffs.

Added: 2026-05-05

[00:00:00]And uh yeah, we're going to talk about a couple of things. It looks like Bitcoin might actually be used for national security purposes.

[00:00:10]And uh also, a lot of uh layoffs are coming due to AI.

[00:00:17]That is inevitable, but it is definitely coming. And it does not seem like there's much we can do to actually change that as a fact.

[00:00:28]So, yes, those are the two things that uh we actually need to talk about. Well, there is um Cynthia Loomis, obviously, uh and Adam Paparo have actually talked about this.

[00:00:42]Cynthia Loomis says, "I'm incredibly impressed by Adam Paparo's foresight and use of Bitcoin for national security.

[00:00:48]We're watching a digital assets integrate. We're watching digital assets integrate into global power infrastructure."

[00:00:55]Um it's time we welcome them back on our soil. And obviously, she's pressing for the Clarity Act. But, I don't really know if Bitcoin really needs clarity cuz I think Bitcoin itself already has clarity. It's more of the other coins that don't really have clarity.

[00:01:12]So, essentially, yes, Bitcoin um like Bitcoin is going to be uh talked about in national security terms, but also not in a bad way, in a good way where they're saying Bitcoin is crucial to America's future power projection.

[00:01:32]And obviously, that could possibly boost Bitcoin. Now, I don't know how much of it's actually fluff.

[00:01:39]Hey man, I don't really know how much of this is actually fluff and how much of it is actually um and how much of it's actually like, you know, going to be in the policy. But, this is this is a Navy admiral. Uh Admiral uh Paparo's view of protocol is a tool for American power projection.

[00:01:58]Obviously, power projection to any big country is very important.

[00:02:03]And uh basically, you know, like that gives Bitcoin more of a new footing on the world stage if the US is going to use Bitcoin as a tool of power projection.

[00:02:15]So, I don't know if the OGs like it, but I think overall, it is good news for Bitcoin aficionados uh that really want to like, you know, boost the I guess credibility uh or the credentials of the coin itself. So, that's pretty good news.

[00:02:33]About the AI um replacing workers, that's definitely a thing. You see this from Microsoft.

[00:02:39]Microsoft plans first-ever voluntary employee buyout for up to 7% of the US workforce.

[00:02:47]>> [clears throat] >> So, Microsoft's one-time retirement program will be open to US workers at the senior director level and below whose years of employment and age add up to 70 or more. The company is also decoupling stock from cash bonuses in an in the annual rewards process, giving managers more freedom to compensate high-performing employees. But, the main thing we actually need to talk about is the um The main thing we we definitely need to talk about is uh the US uh the the US senior workers thing.

[00:03:26]The US senior workers thing um and essentially, above senior managers and below can actually apply for this. They want to cut about 7% of the workforce.

[00:03:35]They're going to give you a nice severance package, but that does not actually negate the fact that they're trying to literally fire like 7 8% of the workforce, which is obviously going to be very very bad um you know, for future prospects. So, that that's no good. That's no good.

[00:04:00]That's definitely not any good.

[00:04:05]Let me fill in the description for the stream.

[00:04:21]All right, there we go. There we go.

[00:04:26]So, yeah, I mean, that's actually like that's honestly like um kind of what we have. Like, it's not only Microsoft that wants to cut up a cut up to 7% of the US workforce. Meta or Facebook also wants to cut 10% of the workforce, and that's a pretty big deal.

[00:04:43]Meta plans to lay off 10% of its workforce, equating to about 8,000 employees. So, the real economic situation uh is worse than it is actually like a little bit more dire.

[00:04:54]Well, yes, the markets are definitely down today, um but they're really not down all that much. I mean, we're only down about 198 points. I think it should be down more, obviously.

[00:05:06]And yeah, even after ceasefires are broken, seems 70. Yeah, I mean, I still think um markets are like irra- I do think markets are still irrationally optimistic about uh prospects. I definitely think like the markets are completely irrationally optimistic about like future prospects. I don't really see any real reason that markets should be so optimistic as of right now. I mean, right now we're basically down because like some of the software stuff is actually retreated a little bit.

[00:05:36]Otherwise, we might probably be still up today. But, I mean, like if you look at if you look at the layoffs, I mean, like the corporate executives in the companies might be making money, but people are still going to be suffering.

[00:05:49]So, Meta plans to lay off 10% of its workforce, equaling about 8,000 jobs as it continues ramping up investments in artificial intelligence. So, I mean, like everyone is basically using AI to replace workers, and I can't really see that as a good thing. So, the cuts will begin on May 20th, and the company is scrapping plans to hire people for 6,000 open roles. So, not only are they cutting 8,000 jobs, they're also scrapping plans to hire 6,000 more people. So, that is a net negative $14,000 in 14,000 jobs in terms of employment.

[00:06:23]According to a Thursday memo to employees, Bloomberg was first to report on the layoffs. Meta's latest Meta's latest round of cuts follow several smaller job reductions that the company said was necessary to improve efficiency while focusing its efforts on generative AI, where it's lagged OpenAI, Google, and Anthropic. CNBC reported in January that Meta fired roughly 10% of the employees who were working on metaverse-related projects. Roughly 1,000 people in the company's Reality Labs unit were let go at the time.

[00:06:53]Another round of layoffs uh commenced in March and affected hundreds of employees working in a variety of units. Uh Dan Pena said once we find out who created Bitcoin, it will go to zero. I I mean, like that's a big if. We don't really know if we're ever really going to find out who created Bitcoin. That's a huge huge if, so I would not actually be too worried about uh that specific thing right now. Look, I wouldn't really listen to Dan Pena. Like, who Like, who the heck is Dan Pena that people are that people are like so um like people in crypto are so obsessed with that we have to listen to this guy.

[00:07:31]I mean, yeah, he's a businessman, but who cares?

[00:07:35]Like, why why why even pay attention to him? Also, like if we find out the founder of Bitcoin is dead, I don't actually think it's actually bad for coin. Even if we find out like, you know, it's Adam Back, he obviously hasn't sold. I mean, I actually don't think anyone has access to the Satoshi wallet stash. That's my opinion. I do not think anyone actually has access to the Satoshi wallet stash.

[00:07:59]I mean, like some people might think that they some people might actually think that um you know, they still they have access to the Satoshi wallet stash. I personally don't think so.

[00:08:12]Um I think like, you know, people are just trying to stir fear in other people um with those things like, "Oh, Satoshi's going to sell one day." I personally do not believe that Satoshi is ever really going to sell.

[00:08:24]I mean, I don't think that I just don't think that stash is available anymore. Maybe quantum can bring it back, but I don't actually think Satoshi is like that stash is just available at all anymore, you know.

[00:08:39]So, I'm not really I'm really not afraid of like, you know, some of Satoshi some act suddenly activating the stash and basically destroying uh the market.

[00:08:51]Stocks need to correct 10% give me the jail. I I think stocks need to correct like more than 10% honestly. Stocks have been Stocks have been too high.

[00:09:00]Stocks have been way too high for too long.

[00:09:04]And um at some point, they're going to have to correct. Obviously, like the stock market is obviously very resistant to any sign of correcting. And obviously, like the president doesn't want it to correct cuz that would destroy his political chances if the stock market were actually uh to correct. So, obviously, that's uh that's kind of um I mean, that's kind of like a different ordeal, honestly.

[00:09:29]That's definitely kind of a different ordeal. But, I I mean, like he's obviously trying to give like fake reassurances as to pump the stock market up so it doesn't actually go down 10 or 20%. Um but I I don't know if he can do it forever. I mean, like I I think like, you know, people people are really looking forward to a deal. I mean, the deal is kind of like the the possible deal is what's basically holding everything together right now, or the supposed possible deal. I don't know if there's an actual deal on the table. I don't know if they're were anywhere close to a deal on the table. I personally don't think so.

[00:10:04]But, yeah.

[00:10:06]But, you know, this whole Bitcoin like the Bitcoin as a tool of American power projection, that can actually bode that can actually bode very very well for um Bitcoin. Cuz I mean, if it's a tool for American power projection, that means that we actually have an incentive to actually buy more Bitcoin with our money.

[00:10:26]Um and of course uh that will actually pump the price of Bitcoin up. Now, the thing is like I don't really know if they want that to happen with like people like Michael Saylor owning so much Bitcoin.

[00:10:37]So, that could also be kind of like a hindrance. So, there's a there are a lot of pieces at play, but one of one of our Navy Admirals thinks that Bitcoin can be used as a tool for American power projection, which is kind of like uh which is kind of definitely a new thing, especially for military leadership.

[00:10:54]Obviously, like economic power is just as important as military power.

[00:11:01]Uh and obviously, I think it would be a smart idea for us to see it as a tool of American military projection, especially as Bitcoin has actually grown so much in the uh recent years. Because BTC has grown a lot in the recent years. I think it'll keep on growing. But obviously, there's a risk to it. I think like the US should hold like an adequate amount of Bitcoin.

[00:11:22]And if the US actually holds like an adequate amount of Bitcoin, um like we can actually wield that power that Bitcoin can use as kind of like I get I guess you can see it as kind of like a military deterrent or whatever.

[00:11:37]Is QE pushing it up? I do think QE is playing part.

[00:11:42]Uh I don't know if Kevin Warsh is going to up QE. Like Warsh might actually uh up QE, honestly.

[00:11:51]Because Warsh is obviously I think he's going to be more bullish. But, he's going to up QE, but I don't really know like that might actually result in inflation.

[00:11:59]I don't think he's going to print I don't think he's going to print uh money and just give it to people cuz that doesn't like that's not generally a good idea. So, I don't think that's what's going to happen though. Like he's not going to just print money and give it to people.

[00:12:11]But, he might be like but he actually might be for like other forms of stealth QE. Remember, what Kevin Warsh wants an entire regime change. That's what Kevin Warsh wants. He wants an entire regime change.

[00:12:24]And obviously, that's going to uh that that's going to be different from like pre-previous Fed Directors. And if he's like dead set on cutting rates, we definitely might edge higher with crypto. I'm kind of hoping for that, honestly. I'm really hoping he does cut rates and he can convince he can convince the rest of the board to at least cut like once or twice.

[00:12:41]Cuz crypto needs a little bit of lifeblood right now. Crypto definitely needs a bit of lifeblood right now. I'm not saying the economy needs cuts. I don't think the economy actually does need cuts.

[00:12:50]But like crypto itself does need a bit a bit of lifeblood right now.

[00:12:54]And like cutting some rates will give it some lifeblood.

[00:12:58]Overall for the economy, I don't think we should actually cut. I think that I I I think it's actually a pretty bad idea to cut right now cuz there's no real reason. There's absolutely no reason to actually cut right now for the economy.

[00:13:08]Um And obviously, like you know, people are still looking forward to the Clarity Act.

[00:13:15]And like Loomis is using what the Admiral said.

[00:13:20]Loomis is obviously using what the Admiral said to actually try to pass said Clarity Act.

[00:13:25]Um I don't know if that's going to work or not.

[00:13:28]I mean, I I still think what's like the banks are still like really really in the way of passing the Clarity Act, in my opinion. And I'm not really sure if that's honestly going to change the with the banks and the Clarity Act.

[00:13:40]So, yeah.

[00:13:42]It's uh Definitely like like definitely um definitely a lot to take in.

[00:14:06]I mean, those are the things that everyone's kind of paying attention to.

[00:14:09]I think as long as soon as interest rates get back to the 2% or 2.5% area, uh people will actually start being interested again. Cuz right now, they're at a they're at a level where just people just are not interested whatsoever. Like 3.5 is still way too high.

[00:14:26]So, what do you guys think about the AI causing mass layoffs?

[00:14:30]Like is that is that going to pick up steam?

[00:14:36]Is that just going to pick up steam? Cuz if AI takes over everything, like the rest of everyone else is going to have to figure out something to do.

[00:14:44]So, I mean, that that's a that's kind of a big deal.

[00:14:56]I change the I'm going to change the um logo for this stream. But anyways, yeah.

[00:15:04]I mean, that's kind that is kind of a big deal. If it if AI really starts replacing I mean, it might actually force more people into investing and it might actually force more people into risky investing. On the other hand, it would deprive people of money, so they might not have any money to play around with or not enough money to invest. So, it kind of it can easily just cut both ways. It totally can cut both ways.

[00:15:37]So, I'm hoping like I'm hoping it actually bring Obviously, I'm hoping it would just brings more people into the industry.

[00:15:43]And that will actually boost us up. I mean, there's like the QE effect is is definitely pretty big.

[00:15:49]Like the QE effect is definitely pretty big. I think you're kind of seeing that right now. I don't think without the QE right now that we'd be this high. What's the case for Bitcoin? Well, one of the one of our Admiral says Bitcoin is like a national security thing and it can be used for like and Bitcoin can be used for like power projection.

[00:16:07]Like for our American military power.

[00:16:10]Obviously, like that's wielding the economic arm uh of military power. And economic power for international relations is just as important as military power. So, he actually sees Bitcoin being that arm that we can actually use to like kind of like impose or enforce our will. Cuz Bitcoin's obviously international. If America can somehow control like I get I don't know how America could actually control Bitcoin cuz I don't think it can. But if America actually like controls a large amount of Bitcoin, it might actually give it more international clout. But if that's the case, that's good for us Bitcoin people.

[00:16:45]Like that's really good for Bitcoin people because that will actually get America to actually buy more Bitcoin.

[00:16:54]I mean, some people will say like Bitcoin's not good enough or Bitcoin's too slow. And yeah, Bitcoin is slow, but for a coin to be used as store of value for like international power brokers, you don't really need it to be that fast. Is it credible source? It's actually realistically possible. It is.

[00:17:14]It depends how It is depending on how big Bitcoin can actually grow.

[00:17:20]Like I'm not really sure at all how big Bitcoin can actually grow.

[00:17:25]I'm assuming it I like I I am assuming it can actually get pretty big though.

[00:17:30]Cuz I mean, if you just look at like if you really just like look at Bitcoin, like you know, it's it's already a trillion-dollar asset. And there are because like specifically because of Donald Trump, there are countries around the world that are bec- becoming more and more weary of the US because the US wants to weaponize the US dollar, but they might not actually have another choice uh for another coun- country's currency to use cuz they're not going to trust China or any of those other countries. So, because they're not really willing to trust anyone else, like Bitcoin might be kind of like the default option because it's not really controlled by any one country. So, I mean, we have to look at that as well.

[00:18:10]So, no 40K Bitcoin? No, no, no. Stop trying to project price from this stuff.

[00:18:16]Like this isn't going to affect price.

[00:18:18]40K Bitcoin is still possible. It's not like everyone's It's not really like everyone is just going to jump on just because like an Admiral said so, but it is like but it is a possibility for the future. You you can't really You really can't project um You really can't project Bitcoin price with like these kind of assumptions.

[00:18:43]Even if Trump even even if Trump says something really positive about Bitcoin, it might just pump for a few days before going down. This is not like this is not a signal say This is not really a signal saying that we're not going to get to like 40K or 50K. That can still happen.

[00:18:57]It's also not a signal for you to short or long.

[00:19:01]This is definitely more of a long-term thing. And it you need more than like a couple of people in the military to actually think this. Just a couple of people in the military thinking this is not going to do much. This is not really going to do much for just a couple of people in the military.

[00:19:32]I think like everyone's trying to look for like a magic signal.

[00:19:37]Like literally everyone's trying to look for a magic signal. There is no like there is no magic signal.

[00:19:43]There is zero magic signals in this.

[00:19:55]>> Because like even if like you know even if a highly ranking official says this stuff, it's not immediately going to go into action. This stuff needs to like run through Congress. And like this stuff actually needs to run through Congress and like literally like everyone else before it can it can be like you know it can be a couple of months or like several years where it actually takes hold as like actual policy.

[00:20:19]So it's not something that you can act on price-wise.

[00:20:23]It's not like you know a bunch of people are pumping this one coin. You're never really going to get that kind of information because like those people don't really give out that kind of information until until after they pump.

[00:20:34]And by the time they're actually trying to get you to buy it's already too late.

[00:20:39]Like if you really want to make money with crypto you need to like take you need to actually look at more of the long-term plan and stop looking for that hot tip cuz all those hot the hot tips that you get are most are mostly just BS anyways. They're people that have already made their move and they want you to use you as their exit liquidity.

[00:20:57]They're not like you know people that are giving you information about what's going to pump next. Like like all the all the crypto channels like are shilling like this garbage coin or that garbage coin.

[00:21:08]They're not giving you like any kind of secret thing.

[00:21:12]Like like they're not giving you they're not giving you like you know inside info or quick info.

[00:21:21]Like they they've already kind of made their move on those coins. Like a lot of those channels that are shilling those coins they're like they're one of the creators of that specific coin.

[00:21:32]>> [clears throat] >> And like the only thing that's moving markets right now is if Trump says like the streets going to open or the streets are going to close. And right now like it's been a couple more it's been a couple of days since he actually last made it since he made his last assurance. So I'm guessing like some maybe like there is a good chance that before the markets close on Friday there's a very good chance that before the markets close on Friday that he gives another assurance and we pump again like you know tomorrow afternoon or something cuz Trump is like Trump is very very uh Trump is good at timing his announcements. I mean they're fake announcements but he's actually really really good at timing his announcements to try to coincide with the weekend so like people get that news the market pumps and then it closes. And then like bad news doesn't come out until the next or bad news comes out over the weekend maybe. And like people have the weekend to digest it and they won't overreact or react in a really really bad way. If you look at the price of gas right now oil is up 3.59 Brent is up like 3.83 like Brent's over 100 105 oil is at like WTI's at 96. So it's about that time you're it's about getting to that time that he might actually announce some kind of we're pretty close to a ceasefire that that that will actually pump the markets again. This is like this is like exactly in Trump fashion.

[00:22:59]So I would not be surprised. I can't guarantee it of course cuz I don't really know what the heck he's going to do but I would not actually be surprised at all if he actually announced something if he actually announced something like tomorrow like tomorrow in the afternoon that temporarily pumps the market up because then he can ride that pump into the weekend. And he's done this multiple times like make a positive announcement like make a positive announcement and then like so people aren't like negative into the weekend. That's one of the strategies anytime oil gets to 100 they're going to push it back. I mean they can't do it immediately but but the thing is like they like Trump tries to push it back cuz he doesn't want oil to like get too high. Now he's not going to get oil like below he's not going to get oil to be too low as long as the situation's in place and from more the more I look at it the more it seems that like Trump has basically zero ways to actually resolve this situation. There's absolutely no ways going to resolve this situation.

[00:24:04]But but like he wants to give a reassurances that the situation is not out of control.

[00:24:19]And the thing is like he can't have the oil price go up like too high. He just cannot. That is like that that is very very undesirable uh for like a commander-in-chief to to basically have oil prices that high for that long.

[00:24:38]And obviously like the stocks I don't really know if like right now the stocks aren't a concern cuz you look at the Dow Jones it's up at like 49,000 the S&P's up at like 7,100 the Nasdaq's up at like 24,000 the Russ 2K you know like is at 2,700. Those are actually near those are actually near record highs. Like so losing a bit on the stock market index isn't really all that bad but like the oil the oil price is something that people will actually feel in their feel in their wallet. So he absolutely cannot have that go up too high. He absolutely cannot have that all go up too high.

[00:25:19]So that's like that's honestly a problem that like he just constantly needs to fix. Now that does have that honestly does have the side effect of pumping the rest of the market up once he does give reassurances obviously.

[00:25:43]So like that's part like I think like the the constant back and forth in gas is definitely like the uh the reason that we're like constantly having pumps and dumps. Now I don't really know if that's good for the market or not.

[00:25:57]Uh that's hard to say like I think eventually that's why the market is up.

[00:26:01]I mean yeah his constant reassurances is why the market's up. If he didn't give constant reassurances the market would be way down in the dumps despite the fact that most of the reassurances are fake and they're not actually accompanied by any real action that would solve the underlying issue. But once again he needs people to get that belief.

[00:26:20]See a cryptocurrency pumping up a lot today? Volume today skyrocketing?

[00:26:25]Yeah I'm I'm not like like unless you know like those I unless you know those pumps are happening beforehand I would not get involved in those pumps. I would 100% not get involved in those pumps unless you know like beforehand cuz those are just a couple of whales pumping the coin.

[00:26:41]And if you get if you get caught buying in after the pump started if you get caught after the pump started and you got come in you're going to lose money.

[00:26:51]You think shorts? Look I've already said I wouldn't short or long this market cuz you don't really know when Trump is going to give an announcement.

[00:27:00]You have no idea when Trump is actually going to give an announcement so I would not short the market at all.

[00:27:06]I mean like if you if you short the market that used to be over $10. Yeah but the market but the crypto market kind of sucks right now. So I wouldn't be involved in this pump unless you knew it was going to happen beforehand. And there's obviously some insider like for any of these pumps there's obviously some kind of like insider pumping going on. Look at what happened to Rave just a couple of days ago.

[00:27:27]Like Rave coin went up from like 20-something cents to like $30 or whatever and then it came back down. So this is why you don't want to get involved in those pumps unless you are already involved beforehand. Cuz if you get involved like afterwards you're going to be hurting in terms of like financially. So I definitely wouldn't I definitely wouldn't do that beforehand.

[00:27:56]Crypto gains Jaden likes GM. I don't really care what crypto gains Jaden likes. If you're trying to get my trying to get me to say like my users should act my viewers should actually like buy GMLR I'm not going to. I don't I don't encourage anyone to get involved in those pumps unless you know it's going to happen beforehand. And obviously we didn't know it was going to happen beforehand. So like my thing is just like stay away from them once it's already started. You do not want to get into a pump after it has already started.

[00:28:26]You absolutely do not want to get into a pump after it's already started. The people that like are jumping in right now are obviously hoping to use the people that jump in afterwards as exit liquidity.

[00:28:37]Moonbeam um I mean Moonbeam was pretty popular a couple of years ago.

[00:28:43]Moonbeam was pretty popular like a couple of years ago. But I haven't really heard much news from it in like forever.

[00:28:50]And if there's like a sudden massive if there's like a sudden massive pump there's probably some kind there's probably some kind of insider reason for it.

[00:28:59]So unless you know what that is I would not get I would not get into I would not buy it at all.

[00:29:08]Cuz obviously people that are buying it now are hoping it can are hoping it it continues to go up.

[00:29:16]People that are buying it now are obviously hoping that it continues to go up.

[00:29:25]I mean up 38% for today.

[00:29:28]There's like there's obviously like a really big dump.

[00:29:32]But it also like but the thing is if you look at GMLR it actually like dumped.

[00:29:39]On the one week graph it actually started dumping on the 17th. We're basically back up to where it was on the 17th. So there's a good chance it'll come down again. Like I said, I would not buy I would not buy this crypto right now. It's like 2 cents right now.

[00:29:56]Like people are saying there's a breakout and yes, there is a pretty big pump for it. On the one week it's up like 67%.

[00:30:05]Cuz it did go from like it did go from 1 cent to about like, you know, 2.2 up here on the 17th and it dumped back down to like 1.4. And now it's like climbing back up, but I I don't think I would actually trust this as a pump.

[00:30:20]I mean, if there's some like big news for it Like Binance said it would actually support its upgrade.

[00:30:34]That might be That might be one of the triggers cuz Binance did actually say that it would support this upgrade, but it was like a week ago. So, it could be increased activity from Binance, but I like without the market going up, I don't think that increased activity is actually going to last for GMLR.

[00:30:51]Look, I like for these smaller coins, unless everything has been down for years, we're finally seeing positive energy for cryptocurrency and uptrends.

[00:31:00]I mean, things have really only been down since like October. So, it's been down for like 6 months. It might feel like years, but it's only really been down for about 6 months.

[00:31:11]Cuz we we peaked at like 126,000 in October.

[00:31:20]Like you're you're kind of you're seeing the energy because like for the same reason the stock market, I think the market should actually be a lot lower than it is right now.

[00:31:32]I definitely think the market should be quite a bit lower than it is right now.

[00:31:37]It is going down, but we're going up from the Iran war.

[00:31:41]Yeah, I mean, that's kind of weird though.

[00:31:44]I mean, we we keep we do go down, but every time like the market go Every time like I said, the oil gets so high, Trump gives another reassurance and that for some reason pumps the market even though the situation's not resolved. Like they're basically at the point of like about to shoot missiles at each other, but they're not quite shooting.

[00:32:07]Yeah, like there's a there's like a temporary uptrend for some of these coins, for sure.

[00:32:15]But I mean, we're still at like 70 We're still at like 77k. I mean, Michael Saylor is buying a lot and so are people like So is like Bitmain. They've bought like billions of dollars in crypto. So, that's like partially what's keeping us up.

[00:32:28]It's like those big buys are partially keeping us up and I'm fine with that because as long as they want to keep the market up, they can keep the market up.

[00:32:36]But I also think this kind of like I also think this kind of movement overall isn't really great for the market cuz it doesn't really get people back into the market. Like people like big moves and basically like giving us a reassurance every 3 days just to hold the market in its current position, I don't think I I uh I don't think it's actually good for getting new people in the market. You hear of Base Crypto? I have heard of it.

[00:33:00]Yes, like some people have mentioned it in chat. I haven't really looked at it, but I have heard of it.

[00:33:07]People are people are obviously like trying to ride on name recognition for cryptos like that for people to get interested in it.

[00:33:14]It might actually be a pretty good project from what I hear.

[00:33:18]But obviously they're trying to they're trying to go off of like name recognition of like popular terms or popular words.

[00:33:24]And I'm always kind of I'm always kind of weary for cryptos that try to ride the that ride that kind of sentiment.

[00:33:39]Definitely kind of weary for cryptos that try to ride that kind of sentiment.

[00:34:04]But look, >> [clears throat] >> but look, any kind of like pumps for altcoins, unless you got in before the pump started, I wouldn't really just I would not rush to buy that specific altcoin.

[00:34:17]Uh because I think if you do that, you're basically just running into a trap that either the founders or like the pumpers have actually set.

[00:34:27]But you know, if we can actually get a bull run, I'll be happy to be wrong.

[00:34:31]If we can actually get a bull run, I'll be happy to be wrong and I'll take the bull run cuz we desperately need one right now. You look at the crypto interest If you look at the crypto interest index, um you can actually see that like we haven't had interest like 2021 for like four or five years. Even like back in 24 at that apex, we didn't we didn't reach nearly the height that we had in 24 21.

[00:34:53]So, like the interest is just the interest really is just not there at this point.

[00:35:01]And prediction markets have actually made it worse. Prediction markets have definitely made it worse.

[00:35:06]Are desperate for big Yes, people are absolutely desperate for big gains. I want Zeal cryptocurrency to get more popularly. Has less supply tokens than XRP and Cardano. Yeah, but like what kind of hype and what kind of use does it actually have? Remember, XRP is held up by like pure hype. Cardano is definitely falling behind cuz the hype is not there and Cardano hasn't actually developed in a way that would actually be conducive to price. Buy ICP, talk me out of it, please.

[00:35:32]I mean, I why would you want to buy ICP?

[00:35:36]The bottom is not in. Don't get fooled by a bear market rally. No, I I I agree with you. I don't think the bottom is actually in. I do not think the bottom is in.

[00:35:48]ICP is like ICP's main differentiator is that it hosts its own apps. Now, on a technical level, like on a technical level, that is actually really important. But the question is, do investors really care?

[00:36:03]If investors don't really care, it's going to be hard to sell that aspect of it. Great, you just bought her for Charles.

[00:36:10]What's so great about Cardano?

[00:36:13]Like there's no users, man. Like my concern with Cardano is like no one has like it doesn't have users.

[00:36:20]That's my concern with Cardano. It hasn't doesn't have users.

[00:36:23]That really hasn't changed.

[00:36:25]Like where are the users?

[00:36:29]I don't really care about Charles's philosophical rants or what he belie or what he believes the is the ideal for crypto. That has nothing to do with my investment.

[00:36:40]Like where are the users? Where's the DeFi?

[00:36:43]Where are the new protocols? Where's the TVL? Like that's what I'm interested in.

[00:36:47]I'm an investor. I'm not an idealist.

[00:36:49]I'm an investor.

[00:36:57]So, I I really don't care about his philosophy. How are SundaySwap and other I don't know if SundaySwap's actually surviving. Like I still have MinSwap like Zeal has 20 billion supply tokens and Zeal is 100 times faster than Ethereum and Bitcoin. Yeah, but the whole faster thing is kind of irrelevant now because almost everything is faster than Ethereum and Bitcoin.

[00:37:22]I've told you I like Hyperliquid. I like Solana because Solana actually has a big community. Hyperliquid is going to be in demand. It's going to be in use regardless of crypto it goes up and down. BNB is also good because Binance does those buybacks which actually pushes up price.

[00:37:41]And Bitcoin's generally going to go up every 4 years just because of the crypto index. Like those are the coins that I actually like. Cardano doesn't have any of those features. It doesn't have users. They don't do buybacks.

[00:37:53]Snek isn't a Cardano coin. I do have Snek.

[00:37:56]I think Snek should go multichain cuz I think Snek can do a lot better as a multichain coin than just a solo Cardano coin.

[00:38:04]>> [clears throat] >> Like you need users. You need some kind of a use case. Buybacks are obviously good. Also, BNB has support of Binance which is the largest largest exchange in the world.

[00:38:17]Like those are real use cases. And Solana just has a lot of users. And yes, they are real users. Like there are bots trading on Solana, obviously, but there's also a whole ton of real users on Solana. Like that's not a joke. Like Solana does have like legitimate users.

[00:38:36]And Cardano really doesn't. If you look at the activity difference between MinSwap, What do you know What do you know what's announced next month on Hedera Con?

[00:38:47]I don't I haven't really been following Hedera all that much. I think they're probably going to announce new partnerships and some like new use cases and maybe like some kind of new pilot cuz people were like people were really interested in that pilot they had a couple of days years ago with Avery Dennison that got them up to like 1,000 TPS.

[00:39:10]But like that never really affected price. Like look, a lot of like a lot of us have been trapped by this beauty of this like use case argument. Like, you know, the use case is going to pump this coin up. The use case is going to pump that coin up. But we've But we realized um Yeah, I look, if I were a Hedera announcement user If I was a Hedera investor, I would definitely be hoping for some kind of DeFi announcement. Go to 150. I hate XRP arrow. Their hype is decent.

[00:39:42]I mean, hype isn't meme. Hype isn't a meme. Hype is actually in use. Hype is a perp decks. It's the most popular perp decks out there and if they're continuing to expand, Hype is not a meme.

[00:39:54]Like there is actual demand for like the hype the service that the exchange that Hype actually gives.

[00:40:01]That's the thing with Hype. I mean there's specific reasons I like each coin. Cardano does not check any of those. Right now I just have I have a bunch of Cardano tokens. I hope it doubles well. But the problem is Cardano does not check any of those boxes. All right? Like Cardano just does not check any of those boxes.

[00:40:23]That I see makes like a coin that would make a good investment. It checks like there's like four or five boxes. There's like zero.

[00:40:31]HBAR right now doesn't really check any of those boxes either. Cuz at this point I'm not really looking at the tech anymore.

[00:40:38]I'm not really looking at the tech. Like most of these new most of these new blockchains are fast, they're efficient.

[00:40:45]They can process thousands of TPS.

[00:40:52]They can they can actually process thousands of TPS.

[00:40:56]And they're not that different from each other. Yes, I know HBAR is different because it's a DAG and not a blockchain.

[00:41:04]But realistically people that are investing and buying aren't really going to care too much for that. Like these these chains that can process like you know two 3,000 transactions per second.

[00:41:14]Um they like they have smart contracts.

[00:41:17]They're like they're like to investors, they're very very similar to each other.

[00:41:23]Now if you have like and a lot of these have staking rewards as well depending on the protocol obviously.

[00:41:34]Yeah, you you've got to look at on-chain activity like TVL over narrative.

[00:41:44]You've definitely got to look at on-chain activity and and TVL over narrative.

[00:41:57]Because those are the things that drive price.

[00:42:00]Like all these partnerships they don't drive price. Like partnerships is no longer a box I really care about.

[00:42:06]Because I've seen too many partnerships that have like basically amounted to absolutely nothing.

[00:42:13]Has too much supply like the HBAR taking extra.

[00:42:16]Well, I mean it's not really about like the supply. Like what's the overall market cap?

[00:42:22]Like compared to like where do you think it'll actually be? That's what's most important.

[00:42:28]Canton We we talked a lot about Canton um a while ago. The problem with Canton is it's also like um The the issue with Canton is that like the RWA stuff that's been pushing it doesn't help the price.

[00:42:45]Like Canton has tokenized over a trillion dollars worth of stuff. It it's mainly like a lot of the Fed repo stuff but it's still over a trillion dollars.

[00:42:53]But what's the what's the price? It's still like stuck at 16 cents or something last time I checked. So it really hasn't helped the price. You think it You think with Canton tokenizing over a trillion dollars it should be like $5 by now but it's not.

[00:43:10]It's not all about supply. It's all about market cap.

[00:43:19]Like if you have like if you actually have a if you have a low supply coin but each coin's like you know $30,000 already then the then like the the potential isn't really that great.

[00:43:33]I mean you're you're looking for ROI.

[00:43:35]You're you're not really looking for like You got to look at what the current price of a coin is. You also have to look at how much hype is built into the coin. Cuz there can there is plenty of coins that like have a low market cap but they just don't have much potential.

[00:43:55]Last bull market?

[00:44:01]Yeah, last bull market Vechain was really bad. Like the bull market before that is where Vechain shined. Cuz Vechain did go up from like half a penny to like 26 cents before in the bull market before that. But last bull market it did not do well.

[00:44:14]Then could be if partnerships mattered.

[00:44:16]Yeah, Chainlink and a lot of these others would be like so so high if partnerships mattered but they don't.

[00:44:26]Now did I lose like faith in Vechain like after 21?

[00:44:30]Like after like 23 or so because like Sunny like the moves that Sunny made just did not actually reflect any on the price of the coin. Like they like Vechain needed to focus on DeFi but he was hellbent on industrial utility and also like this UFC thing which I don't understand. I was like against the UFC crap from the beginning cuz I never really understood why that had to do with Vechain.

[00:44:56]Like you can't fall in love with like one cryptocurrency. Like I think Cardano and Vechain's time was actually like you know in the 21 bull run. I think that's when it was that's when they were going to that's when they shined.

[00:45:08]After that they like they they kind of lost their luster cuz they didn't focus and expand in the right direction.

[00:45:15]And focusing and expanding in the right direction is extremely important for any project and they did not do that unfortunately.

[00:45:23]They absolutely did not do that.

[00:45:39]VRA was a slow rug?

[00:45:52]I don't know if any of these were I don't know if any of these are like rugs or anything. I think they're just a project that didn't turn out well. It takes for blue lines the altcoin season index charts 99 to 100. Yeah, but we're really low. We're like 41 or something in the altcoin index right now.

[00:46:09]Are you still buying Cardano?

[00:46:11]There are still a lot of people that are still part of the Cardano fan club. I think fan clubs are dumb.

[00:46:19]Feel like market going down by the end of April? I mean there is the sell in May and go away. That might be a big thing. Like that's always worked in the past.

[00:46:28]And and it still might work today like the sell in May and go away thing.

[00:46:38]Cuz like I like there were many times I didn't really believe in sell sell in May and go away.

[00:46:44]We're in the greed and extreme greed. I don't think so. I think we're at most neutral right now for crypto.

[00:46:50]If you look at the crypto greed and fear index we're pretty much like Yeah, we're we're actually pretty high.

[00:47:01]We're like 59 neutral but it doesn't really make too much sense.

[00:47:05]Uh the Like like I said the market like the the market is basically um And it the the market is basically trying to be optimistic despite like the war going on.

[00:47:21]We were 61. We were barely in greed yesterday.

[00:47:25]But if this is like where greed is we're kind of like screwed cuz like there's basically no activity right now.

[00:47:34]There's essentially zero activity right now. So if this is like greed we're really really screwed.

[00:47:40]Guys, please hit the likes, man.

[00:47:43]Like realistically if this is greed we are so so screwed.

[00:47:53]Cuz like this kind of volume like this kind of interest from retail is like basically extreme depression.

[00:48:02]That's what it is right now. This this kind of interest from retail is like basically like extreme depression stage.

[00:48:08]And we can't go up that much without extreme retail interest.

[00:48:11]I'm about to roll.

[00:48:14]And Kyber didn't another.

[00:48:33]Definitely not I definitely not really there.

[00:48:48]200,000 supply for VRA is worth nothing no more?

[00:48:55]Well, a lot of people are going in on these smaller coins hoping to hit the jackpot.

[00:49:00]The chance of actually hitting the jackpot is incredibly small. But there are a couple of people now and then that do hit the jackpot and they're just kind of hoping that it's going to be them next time.

[00:49:11]Like I it's not a great it's not a great strategy by any extent.

[00:49:16]But like you know people have a lot of hopium. So that's why that's why a lot of people do it. They believe they'll hit the jackpot before too long.

[00:49:23]I personally don't trust it.

[00:49:26]But you know it's really their choice, man. It's it's completely their choice if they want to like you know play that way with their money.

[00:49:32]Like I said I I don't encourage it but it is what it is. I mean you are in crypto. You are like dealing with people that are more willing to take these kind of risks.

[00:49:44]You're definitely dealing with people that are way more willing to take these kind of risks.

[00:49:48]Whether good or bad.

[00:49:50]Probably bad. But like whether good or bad.

[00:49:59]Look look, if you want to look for like, you know, potential in a crypto, especially ones that are already established, you need to look at like on-chain activity. You need to look at TVL.

[00:50:08]And you need to look at hype generated.

[00:50:10]And some of that is in the form of partnerships.

[00:50:14]Um we delayed from Clarity Act and banks divided from Clarity.

[00:50:20]I mean, banks are trying to like stop the stablecoin yield thing. That's what the Clarity Act is being held up for, the stablecoin yield stuff.

[00:50:29]But I don't really think state I don't think Clarity's really going to pump the market that much.

[00:50:35]Cuz if you really look at it, like the SEC's already given up on enforcing on crypto. So you really can't use You really can't use that as an excuse anymore.

[00:50:50]The MSTR stuff. What was the MSTR question again?

[00:50:55]Let me actually take Well, I don't I don't remember what the M I don't know what the MSTR question was again. Let me let me check.

[00:51:13]Okay, if Bitcoin goes to 50K, MSTR could go to $100. If you have 50K to invest, I think I would rather just buy I think I would honestly rather just buy MST buy Bitcoin instead of MSTR. That's an unnecessary risk for me to buy MSTR. Fed could buy tokenized assets to sustain our debt to keep it going.

[00:51:33]I don't think the Fed would actually do that.

[00:51:38]We need Jerome Powell to step down and government hire a professional pro-crypto guy to be Look, the Federal Reserve's priority is not crypto, man.

[00:51:48]The Federal Reserve's priority is not crypto. It will never be crypto cuz crypto's only a small part of the economy.

[00:51:55]They're not going to hire someone just because they're pro-crypto.

[00:51:59]Like why would they do that?

[00:52:03]Like whether like crypto is not really a consideration when it comes to Fed hiring.

[00:52:18]Like their view on the crypto market is not a consideration when it comes to Fed hiring. Like they're obviously a lot more concerned about the stock market, employment, and inflation. That's the Fed's job.

[00:52:28]The Fed's job is not to pump your bags.

[00:52:32]That's That's not like That's like not part of the Fed's job.

[00:52:38]That's the best way No, no, no, no, no.

[00:52:40]Josh Corraro, like you need to understand the world does not revolve around the crypto. The government does not revolve around crypto.

[00:52:51]Crypto is basically a volatile gambling market at this point. That's what it is.

[00:52:56]The blockchain technology is actually useful for a lot of institutions. But not so much the coins themselves.

[00:53:05]Uh like Crypto is not a like Crypto is a concern of the federal government, but it's not one of the major concerns.

[00:53:15]There are issues there like for the federal government, there are issues that are way more important than crypto cuz I don't really think crypto's going to be like the future of commerce.

[00:53:26]Like a lot of like Bitcoin's obviously not built to be a medium of exchange.

[00:53:30]But like But real But like realistically Realistically, I don't think they're going to adopt any of these coins as an actual medium of exchange.

[00:53:51]I do not think people are going to adopt these coins as a medium of exchange.

[00:54:01]Look, the only reason Trump is even interested in crypto is because he can use crypto to grift people. That's the only reason like with like he can grift people with stuff like WFI, Trump coin, and Melania coin. That's the only reason he's interested in crypto.

[00:54:13]Is directed towards total centralization. That's against crypto fundamentals.

[00:54:18]The Clarity Act is kind of like is completely defines what's a security and what's a commodity.

[00:54:24]That's all the Clarity Act Like that's what the Clarity Act does and like how it can be used in certain applications. I mean, it's necessary for future development of the crypto industry, but it's I don't think it's going to be something major that pumps price.

[00:54:39]I would much rather buy that buy the hype coins than the MSTR stock. Like there's no question in my mind. If you gave me a chance When they see a dollar, only buy one small fry. If banks allowed you to hold tokens and get in and out of them on the bank platform, it would it would be on board. Yeah, but I don't think they're ready yet. That's the problem. Like if if they were ready, I think they'd be for it. I think they would be pro I would definitely think they'd be for it if they were ready, but they're not ready yet.

[00:55:08]That's the main issue. They need to actually be ready.

[00:55:11]They absolutely need to be ready.

[00:55:17]You think those guys are like Like if they could actually make money off it, they'd be on board easily. Just making a statement. Yeah, I I mean like you're right. I mean, I don't disagree with you. I think you're right.

[00:55:30]But the problem is it might be several years before they jump on board. Because like they need to get all their stuff ready. Like they don't really want any hurdles or they don't want any real investment before they are ready. They don't want any competition like once they get into the market.

[00:55:53]So like it might be years before they they they ram the Clarity Act through.

[00:55:59]Yeah, but I mean like banks compared to crypto exchanges are still way more secure. And plus they're FDIC insured.

[00:56:05]Like crypto will never get FDIC insurance cuz no one's going to insure a volatile asset that gets hacked like every 3 days.

[00:56:14]I mean, I think if crypto didn't like if the if crypto protocols didn't have constant hacks and constant like security issues, I think people would be much more trusting of it. Cuz let let's be honest, like the security apparatus of crypto is pretty poor.

[00:56:28]If it wasn't poor, there wouldn't be so many hacks and like so many breaches.

[00:56:33]And some of those breaches are like purpose like like are they on purpose?

[00:56:38]Limited amounts of cryptocurrency, unlimited hyperinflation.

[00:56:43]Yeah, but people can also just create always just create a new crypto.

[00:56:47]And also governments aren't going to give up their power to actually print money.

[00:56:59]What platform washes money?

[00:57:01]And right now if you're talking about like any kind of cryptocurrency taking over a like uh to taking over like digital dollars, I mean, it's going to be like USDC.

[00:57:10]What platform washes money without the high fees?

[00:57:17]No, wash trading is just something the exchanges do themselves. They're not going to charge themselves fees.

[00:57:22]Like exchanges do it to make it look like that their exchange has a lot of activity.

[00:57:28]Stablecoins do provide total control for the government. Yes.

[00:57:35]Bitcoin is definitely limited. Like you can't Like they can't control the protocol at this point. So it's definitely limited.

[00:57:43]But like other cryptos, maybe not so much. Plus like anyone can make a crypto.

[00:57:49]And there's still nothing backing most of the cryptos. That's the issue.

[00:57:53]Like That's why they lack trust.

[00:57:57]Any crypto network can vote to increase the max supply. But you would need a majority though.

[00:58:01]Of the validators. Look at Space Chain.

[00:58:03]It's my biggest holding and it's the biggest security play in all of crypto.

[00:58:06]I mean, what does it actually do though?

[00:58:13]Could be used as heads of states like gold.

[00:58:17]It's going to be Maybe, but it's going to be hard to convince people of that.

[00:58:21]I mean, gold in the beginning did actually have intrinsic value.

[00:58:24]Because you did actually need gold to produce things.

[00:58:28]Whereas Bitcoin just doesn't really have that.

[00:58:31]But I can see that it being like a scarce commodity that like I can see why people would see that.

[00:58:37]So I I can see your argument. I don't know if I necessarily agree with your argument, but I can see your argument.

[00:58:47]Look, once the you know, like what once the viewer count in this channel gets past like 100, 200, then like, you know, you'll see like gets past like 200, then then like, you know, people will be actually really interested in crypto.

[00:59:01]Cuz even at the height in like um at the height of the the the last mini bull run like in um I guess like December of '24, like there were 200 people in here every time.

[00:59:14]So stablecoins is the same as CBDC.

[00:59:24]NFL draft. They're just going to pick the Mendoza guy first.

[00:59:27]You But like realistically, it's the teams that don't pick the first quarterback that actually have the biggest chances.

[00:59:32]USD will be king for decades to come.

[00:59:34]There's nothing to replace the USD.

[00:59:37]So, that's why it'll be king.

[00:59:43]Well, the DXY just measures other currency against the USD.

[00:59:47]That's all the DXY does.

[00:59:55]And those are the Raiders?

[00:59:59]Yeah, I mean they have the first pick.

[01:00:00]They're going to pick Mendoza. I don't know if he's like I'm not really sure if Mendoza is going to be like this generational talent. I I see him more of like he might more be like Kirk Cousins, honestly, which he Cousins had a pretty good career.

[01:00:16]So, I guess you can't really knock it.

[01:00:23]Guess you really can't knock it.

[01:00:26]Warren Buffett got into Japanese currency. I mean, it's not surprising he got into the currency place.

[01:00:32]Not surprising at all that he got into the currency place.

[01:00:41]Think Bo Nix is going to be the same?

[01:00:44]Maybe. I mean, honestly like a Kirk Cousins Honestly like a Kirk Cousins type of career isn't bad. It's It's actually pretty good.

[01:00:53]A Kirk Cousins type of career.

[01:00:59]Do you hear that LIV Golf just club in Miami had one of the biggest opening weeks? I did not cuz I don't really pay attention to clubs. I don't care about clubs or clubbing. I haven't for like years.

[01:01:17]Why is the DXY foolish? I mean, America's the biggest economy in the world. So, everything's obviously going to be measured against the USD.

[01:01:25]Buffett is a value investor. He buys an asset when it's unloved and undervalued.

[01:01:29]Yeah, but Buffett also didn't believe in the internet and he still doesn't believe in crypto.

[01:01:33]He was definitely wrong about the internet.

[01:01:40]Want George Pickens to sign Buffalo Bills to help out DJ Moore?

[01:01:46]Yeah, Buffalo actually needs to revamp that roster. Like they have like Josh Allen and they're just like wasting his best years.

[01:01:53]Josh Allen could be the best NFL quarterback in the league right now. Buffett has the most amount of money on the sidelines ever.

[01:02:03]Yeah, but Buffett's like almost 100 years old, too.

[01:02:06]Like I don't know how much more he cares about accruing more wealth.

[01:02:26]I don't know how much Buffett cares about accruing more wealth, man.

[01:02:36]Wants to play in Buffalo. Have you ever been there?

[01:02:40]I mean, it snows a lot. I know that.

[01:02:52]He's uh focused on wealth preservation, not gains.

[01:02:56]I mean, like he is he passing all his like isn't he donating most of his wealth to charity after he dies or something like that?

[01:03:04]So, like I I don't really know how much he cares about it at this point. It's not like he It's not like he's looking for future job prospects when you're like 95 years old or whatever.

[01:03:17]Like if he was like a 30-year-old guy, he might be looking out for the future.

[01:03:20]He's not looking out for the future.

[01:03:26]Yeah, but dollars can still buy you everything.

[01:03:29]Most of this crypto is completely useless, unfortunately.

[01:03:33]Probably donated out to his own charity, practically his family.

[01:03:37]I don't know like I don't think Buffett has his own charity.

[01:03:41]Like there are these like mega billionaires that just donate their money to like charitable causes after they die. They leave like a couple of million to their kids and they just donate the rest of it.

[01:03:51]Cuz if your kids can't make it in the world with a couple million dollars inheritance, then like they're just kind of hopeless anyways.

[01:03:59]You like if you inherit $5 million, you should be set for life.

[01:04:03]Like you don't even need to work. You can just like put that in like an investment generating like some kind of interest or discount and you can live a very comfortable life off of that money.

[01:04:12]So, if you can't make it with like a $5 million investment, you don't deserve to make it.

[01:04:17]30k BTC to get in?

[01:04:21]I'm still looking for about 50k Bitcoin, maybe 40k Bitcoin to get in.

[01:04:27]I'm definitely looking for like cheaper than it is now.

[01:04:33]I think like if they actually start shooting missiles again, if Iran and the US like openly break hostilities again, breaking hostilities again, which I think is very likely given the tension of the ceasefire.

[01:04:45]Like oil is actually like getting to be high enough right now even with the Trump assurances that the market can't hold itself up for that much longer.

[01:04:52]I mean, Trump has Trump absolutely has to give another assurance.

[01:04:58]Trump like 100% has to give another assurance if he doesn't want the market to fall apart.

[01:05:10]Cuz look at it like the WTI is getting close to $100 again. Brent's at like 105.

[01:05:16]Like people are going to feel that in their wallets.

[01:05:19]Still working, not retired from government taxing on their own houses.

[01:05:24]There it hasn't been hyperinflation from 1920.

[01:05:31]There's been like slow but steady inflation, but there's not been hyperinflation. Hyperinflation is like if your money if the value of your money decreases 50% over the course of like 6 months.

[01:05:42]We've never had hyperinflation.

[01:05:46]Like slow steady inflation over the last 160 years is not hyperinflation.

[01:05:51]That is actually something people can deal with.

[01:05:57]Dude, Dan Pena doesn't know man.

[01:05:59]He Like look look He knows stuff, but he's basically but he's basically like just trying to spew propaganda to like try to cover his own viewpoints. It's not hyperinflation if it's over like 100 years.

[01:06:12]It's not like it happened overnight.

[01:06:13]It's It happens slowly enough that people can actually deal with it.

[01:06:24]The main issue right The main issue is the ever-increasing amount of wealth in rich people's pockets. The division between rich and poor slowly expanding.

[01:06:32]That's the main problem in the United States. It's not immigration.

[01:06:35]It's not like It's not welfare fraud.

[01:06:37]It's none of that stuff. It's the slow It's the slow expansion of money in rich people's pockets.

[01:06:47]That's the main issue with America.

[01:06:49]That's the main issue with our economic society at this point. Not any of that other stuff.

[01:06:57]And it kind of can trace back to Reagan.

[01:07:02]You can't call it hyperinflation for the last over 160 years.

[01:07:08]Hyperinflation is something that happens over a very short period of time.

[01:07:16]Yeah, the hollowing out of the middle class. It's the same It's what I've been talking about. It has nothing to do with immigration or any of that stuff. It all It has to do with the rich accruing an ever larger amount of share of the pie.

[01:07:27]That's what it really has to do with.

[01:07:29]It has to do with like the wage the wage difference between like the executives and workers.

[01:07:38]Like the wage difference between executives and workers like that's what's actually increasing America's problems.

[01:07:48]Yeah, but but but also like like minimum wage used to be like, you know, a dollar and 25 cents as well.

[01:08:00]Yes, things have inflated over time. But like things going up in price over last 100 years and like 50% inflation over like 6 months are two entirely different things.

[01:08:14]Yeah, but the over overall wealth has gone up. But the rich have gotten a huge disproportionately dispro disproportionate part of it.

[01:08:23]And like proportion they proportion-wise they they get an ever bigger proportion of it. That's the issue. The proportion shouldn't have should have stayed the same.

[01:08:36]The proportion should have stayed the same.

[01:08:38]I I mean, like they could have acquired more money. That's fine, but the proportion needs to stay the same.

[01:08:43]The proportion needs to be what it was back in the '50s.

[01:08:47]It's or like at least pre-Reagan.

[01:08:53]There's no reason executives like executive compensation increased by 600% more than regular compensation. It's not like they're worth any more now.

[01:09:11]Yeah, but the big stuff is a lot more expensive than it was in the '80s and '90s.

[01:09:15]Even if you compare proportionally with salary.

[01:09:19]The thing is like regular people's salaries just haven't kept up.

[01:09:26]Like regular people's salaries have just not kept up. Like the proportion of wealth has has like a completely favored the rich since Reagan. We need to reverse policies back to pre-Reagan.

[01:09:35]Like people need to stop telling the lie and stop like fear-mongering communism cuz we are actually getting more and more hyper-capitalistic and we have been ever since Reagan.

[01:09:45]So like people need to stop telling this lie that like oh we're so afraid of communism, we're so afraid of socialism.

[01:09:50]We're becoming more communist or socialist. We are not. That is a completely that is a complete and utter lie.

[01:09:58]Dogecoin is more profitable than Bitcoin?

[01:10:01]I mean I think people I think regular people just shouldn't be in mining at all.

[01:10:11]It's either the salaries ain't keeping up or uh are going up fast, one of the two.

[01:10:18]Well, cuz obviously executives just give themselves bonuses. They don't like when companies do well a lot of times the workers aren't the ones that that are like enjoying it. It's the executives.

[01:10:26]They give they they give themselves all the bonuses.

[01:10:32]Like I I think like I do look I think executive and worker I think executive and worker like salary increases should be tied and proportional.

[01:10:42]If like an executive gets a 5% increase, the worker also should get a 5% increase.

[01:10:48]In terms of salary.

[01:10:57]Like the absolute like the absolute amount like like the absolute amount like obviously will favor the executives, but proportionally it should be the same.

[01:11:13]Well, then you would love what then then you would love what that mayor of New York is doing, Milton Bates. He is actually taxing absentee landlords. He is basically he's he's upping the property tax on people who who own properties in New York that are out of state.

[01:11:28]So that would actually that could actually solve the problem.

[01:11:33]Absentee he's like he's basically just he's levying an extra tax on absentee landlords.

[01:11:40]And and that's what I mean that's what should be done everywhere basically.

[01:11:43]If you want to get rid of it.

[01:11:54]It will be making it a lot harder to speculate on property.

[01:11:58]And God knows man God knows New York property is like way overpriced. So that should bring down the property prices.

[01:12:13]There needs to be rules in place so companies can't scalp.

[01:12:18]There does need to be rules in place so companies can't scalp.

[01:12:22]Cuz you know corporations aren't run for the betterment of corporations are not run for the betterment of society.

[01:12:27]Corporations are run for corporate profit.

[01:12:30]And when that get when and then when that gets too extreme it hurts everyone.

[01:12:35]Cuz they're basically just trying to squeeze all the profit they can out of us and leaving us with scraps. That's what the corporations want to do.

[01:12:42]Corporations as you know don't give two shits about society.

[01:12:51]They just want to maximize profit.

[01:12:54]I mean that I mean that's how the that's how investing works in America and that's like part of the problem.

[01:13:00]That everyone is just always in pursuit of greater profit and for a corporation like and for for executives not to get fired, they have to give continuous growth forever which is not really achievable which is why they keep on needing to like lay off more and more people.

[01:13:20]Oxygen coin?

[01:13:25]I mean a lot of society's problems can be like a lot of a lot of the problems can be seen like a lot of a lot of the problems is like traced between like the wage difference between the executives and the common workers. That proportion needs to remain constant, but it continues to grow for no reason. It's not like executives are worth more now than they were before.

[01:13:46]It's not like corporate like it's not like the companies are doing better.

[01:13:58]Like work like like employees need to have more power within organizations.

[01:14:03]Like unionization should actually be encouraged, not discouraged.

[01:14:08]Not everything should be a complete in pursuit of profits. Like investors actually need to have realistic like investors especially for like especially for a mature firms, investors need to have more realistic expectations and not like infinite growth forever.

[01:14:27]Cuz those kind of that kind of thinking is poison.

[01:14:31]I think to society as a whole.

[01:14:33]That even though you're a mature you're a mature organization with multi-billion dollars in profits and revenue every every year, you still somehow need to like continue growing at an ever faster pace. That's not realistic.

[01:14:49]You want to talk about things that are not realistic, that's not realistic.

[01:14:54]Like I mean you look at Facebook for instance. Like how the hell are you going to grow? Everyone already knows what you are.

[01:15:01]Like you could you make it more user-friendly, but how are you going to grow at an accelerating pace? You can't.

[01:15:08]Cuz there's certain political like there's certain countries you can't get into just because politically obviously.

[01:15:15]And like everyone in America already knows who you are. Everyone who wants a Facebook account has a Facebook account.

[01:15:20]How the hell are you going to grow? And then like but it's in tech. So everyone expects it to grow exponentially and it's like what the hell?

[01:15:34]You don't have to nationalize the industry, but the thing is like investors actually need a reality check.

[01:15:43]Like investors actually need a reality check and obviously workers actually need a share of like saying the company as well.

[01:15:51]Because like you know if you're just like trying to lay off workers to please the investors and the executives, that's not beneficial to society whatsoever.

[01:16:03]Like laying off workers for the pursuit of ever greater profit. It's not like the company is losing money by if you don't lay off workers.

[01:16:19]Yeah, but the stock value goes down because of expectations. I'm just saying like people's expectations for corporations and profits are completely warped.

[01:16:34]Like companies a company's stock value shouldn't go down just because they maintain profits and didn't massively grow especially if they're a saturated and mature company.

[01:16:47]Like if they're a saturated and mature company, just because they like maintain growth or maintain their size does not mean they're a bad company.

[01:16:54]It just means like they don't have any more they don't have anywhere to grow.

[01:16:57]They've already dominated the landscape.

[01:16:59]Like what do you expect them to do?

[01:17:05]Like continuous growth forever is not realistic whatsoever like for any company.

[01:17:18]And I mean that does relate back that does actually relate back to crypto as well because crypto is like they're not they're obviously nowhere close to saturation, but they are a multi-trillion dollar it is a multi-trillion dollar market.

[01:17:33]So like growth is obviously like overall growth is obviously going to be slower.

[01:17:46]We'll find out once they're on the people's hit list.

[01:17:59]I don't know. I think like the pre-IPO stuff like makes a lot of people rich.

[01:18:15]And and also like it it look it's it's constantly the problem is it's it's constantly um like the big investors are the ones that actually can have sway in the decisions.

[01:18:28]And like if the CEO doesn't promise like infinite amounts of growth over an indefinite time period, they get fired.

[01:18:36]Like that's ridiculous. That's absolutely ridiculous.

[01:18:52]Like people actually need to realize and also and the big investors as well, they need to realize that like a company can like eventually does hit saturation.

[01:19:17]Yeah, but retail's not the one that fires and hires CEOs. It's the investors that do.

[01:19:28]Like they want the guy that promises more growth. They almost always do.

[01:19:33]Even though if that growth is not so sustainable.

[01:20:03]Maybe like internally they don't, but but like when they face when they talk to the public they do. They definitely have as high expectations as retail.

[01:20:20]Cuz they're the ones that actually fire like fire and hire new executives.

[01:20:26]If they don't actually if they don't actually hire if they don't actually meet the marks that's like publicly expected.

[01:20:59]I mean with AI coming in like a lot of these tech companies are going to have to lay off people.

[01:21:05]And it's going to cause even more issues.

[01:21:10]Like perfectly good workers, but they're just going to get laid off because of AI. And because like you can save money by laying off a bunch of workers.

[01:21:18]And it's going to be harder for like those guys to find jobs. It's going to be just as hard for new people to come into the market to find jobs.

[01:21:59]>> [clears throat] >> I don't really know what the expectation for GDP growth is each year.

[01:22:14]But like it seems like people don't like are are people are not really willing to accept any kind of like recession for like any like for any period more than a couple of months.

[01:22:25]So that's also not realistic cuz mark the market has to readjust itself.

[01:22:30]Especially if you want massive amounts of growth in the other periods.

[01:22:52]And that's I mean like that's kind of like the bump that crypto is actually hitting right now.

[01:22:57]Like people are expecting massive amounts massive amounts of explosive growth and we're getting to the point where like not all these projects are going to have like massive massive amounts of explosive growth.

[01:23:08]So like you know people's interests are turning to other markets where they can get that dopamine hit immediately.

[01:23:14]Much like prediction markets. That's why they're all flocking over there.

[01:23:28]Cuz like that's the that's really like the new in thing.

[01:23:33]That's completely the new in thing.

[01:23:49]But also like the growth in the stock market does not actually reflect the reality in the economy at this point.

[01:23:56]Cuz like basically the stock market goes up under any every president by a large amount.

[01:24:03]But that doesn't mean like a lot of people aren't struggling.

[01:24:29]Like I feel like I mean there's there's certain companies that are like slow that that are smaller and then have a lot of potential for growth. I mean if you want growth like you should definitely look to those companies. Not like the big ones that are already established. Those are more for like maybe generating a dividend a consistent dividend not an ever growing one.

[01:24:56]Yeah, those are companies that are trying to like generate like a consistent dividend.

[01:25:15]Are invested in their market via retirement. It's the wealth effect that keeps consumers consuming.

[01:25:22]I mean yeah, the 401Ks and the IRAs are like definitely one of the issues.

[01:25:33]Well, that's the problem. Not a like a lot of people don't have $100,000.

[01:25:41]Like $100,000 are a pretty big chunk of money for most people. Like most people don't have $10,000.

[01:25:57]You'd be like surprised the amount of Americans that can't put aside $500 a month.

[01:26:25]You'd be really I mean like that's I I think like 60 70% of Americans can't actually put put aside $500 a month.

[01:26:41]If not more.

[01:27:04]I would say like 60 70% of Americans cannot spare $500 a month.

[01:27:08]If not more.

[01:27:13]You're talking like I mean like we're not really talking about Wall Street and those people.

[01:27:39]No, okay. No, I can still wait.

[01:27:43]I don't regret I can still wait.

[01:27:47]For most is doable over 100 or over having I think 500 a month is more doable than having 100K to their name. But I think for a lot of Americans neither is really doable.

[01:28:21]Yeah, the retirement account is for the long run.

[01:28:24]But I see like a lot of weakness in the markets right now.

[01:28:28]Cuz I like the more I the more this drags on the more the more it's apparent that Trump doesn't actually have control over the situation.

[01:28:36]He's basically just trying to drag things out.

[01:29:04]Yeah, I'm saying like 60 70% of people can't contribute $500 a month.

[01:29:13]The median salary in the states is not that high. And if you could take into if you take into account like what bills and stuff you have to pay and costs, insurance, like it's it's not easy to It's not easy for a lot of people to get to put aside $500 a month.

[01:29:39]How do people retire?

[01:29:41]A lot of them don't.

[01:29:55]$100 a month, I think a lot of people can do.

[01:30:09]All right, guys. That's going to be it for today. Like and subscribe. Hit the bell notifications button. I will be back later tonight, and I will see you guys later.