[SPEAKER_02]: Alright everybody welcome back to another crypto rundown happy Friday to everybody the crypto markets are open on Good Friday the regular markets are closed, but we are here with you with a full squad We've got Brian we've got Joe's you know what that means.
[SPEAKER_02]: We are diving into the momentum money makers a little meme talk
[SPEAKER_02]: A little AI crypto talk AI the crypto plays have been the talk of the town as we all know in the momentum money makers We are finding the plays no matter where the market's going up down or sideways that are performing the best Brian and Joe are very very early to Tau and the other Ecosystem of bit tensor We are gonna have a segment later in the show breaking it down and showing you the out performance of Tau
[SPEAKER_02]: I know we've talked about it on the pot a little bit over the cost a couple of weeks with the performance.
[SPEAKER_02]: We're going to dive into it later in the show today, plus it's on other stuff to cover.
[SPEAKER_02]: There was a huge purchase, Franklin Templeton applying coin fund.
[SPEAKER_02]: We've got 401k's or they finally coming to crypto, some stable coin regulation, the Citadel continues to take over the world and we'll have some fun topics at the end as well to always kick around.
[SPEAKER_02]: Guys, it's Friday for those celebrating happy good Friday.
[SPEAKER_02]: Enjoy your Easter weekend.
[SPEAKER_02]: I was on my walk before the show fells and I was walking around.
[SPEAKER_02]: As I live on the, you know, water and Florida.
[SPEAKER_02]: So there's a ton of families in town.
[SPEAKER_02]: There was a little Easter egg hunt going on and so I was walking on my walkway by the water and I was like, look into these happy kids ready for Easter eggs.
[SPEAKER_02]: And I saw the dad was like, Dad, what's it, you know, what's in the eggs is it candy, what it got a little money is like, yeah, it's like a little bit, a little bit of money for the kids this year.
[SPEAKER_02]: So I just grabbed started grabbing them.
[SPEAKER_02]: I was like, I got to buy the dip amount of money started grabbing these eggs.
[SPEAKER_02]: Honestly, uh, you know, fun time for the kids there, uh, I did not grab any eggs, but I definitely thought about it because I need a couple more bucks to keep buying this dip, but welcome to the show.
[SPEAKER_02]: Guys, if you're having fun, give us a thumbs up and help us grow the show.
[SPEAKER_02]: If you're new, bottom right hit the sub button, uh, we're gonna have a little active chat today.
[SPEAKER_02]: I can feel it in the air.
[SPEAKER_02]: Joe, welcome back.
[SPEAKER_02]: You haven't seen you in a while.
[SPEAKER_02]: How are you, my friend?
[SPEAKER_02]: I'm good.
[SPEAKER_02]: It's great to be back.
[SPEAKER_05]: I miss you guys.
[SPEAKER_02]: Miss a show.
[SPEAKER_03]: Hey, good to be back, man.
[SPEAKER_03]: I love the resource of oldness that you have as the super producer looking for dry powder, you know, you're not ruining anybody's Easter there.
[SPEAKER_03]: If I had if I was putting money in Easter eggs for my kids and somebody came up and started talking me about it.
[SPEAKER_03]: I told them there's money in it.
[SPEAKER_03]: I'd only expect.
[SPEAKER_02]: I told him as they were yelling kicking and screaming at me.
[SPEAKER_02]: I was like, I'm going to give it back double.
[SPEAKER_02]: I'm going to give it back double.
[SPEAKER_02]: It was only a couple bucks.
[SPEAKER_02]: I was like, let me turn the dollar into four.
[SPEAKER_03]: Give me a few months.
[SPEAKER_03]: I got some insider plays.
[SPEAKER_03]: Let me just, you know, we'll change contacts.
[SPEAKER_03]: And you guys are very happy.
[SPEAKER_02]: Absolutely before we dive in when it's an active chat, especially on a fun Friday.
[SPEAKER_02]: We want to know who's here.
[SPEAKER_02]: We want to know where you're from.
[SPEAKER_02]: In the chat.
[SPEAKER_02]: Let us know if it's your first time.
[SPEAKER_02]: Let us know where you're watching in from.
[SPEAKER_02]: We've got California.
[SPEAKER_02]: We've got Brian out of Colorado.
[SPEAKER_02]: I'm in Florida.
[SPEAKER_02]: Where's everybody from?
[SPEAKER_02]: It's Philips first time here.
[SPEAKER_02]: Welcome Philips.
[SPEAKER_02]: Vlad all the way from Russia.
[SPEAKER_02]: Unbelievable.
[SPEAKER_02]: Beth is calling in for Texas.
[SPEAKER_02]: Guys, we're really just pointing all over the globe.
[SPEAKER_02]: Those are my favorites when we get those international ones all the way from Russia from Russia with love.
[SPEAKER_02]: Hello Vlad.
[SPEAKER_03]: I'm like secretly, we're getting so many people from across the world.
[SPEAKER_03]: I'm so happy people might be trolling guys.
[SPEAKER_02]: I just don't like things.
[SPEAKER_02]: I worry it's my friends.
[SPEAKER_02]: I do.
[SPEAKER_02]: I think it's my
[SPEAKER_03]: You know we're like we're getting people from like Vietnam and Australia.
[SPEAKER_03]: I mean, I think we could go that global, but it's there's there's always we're we're a global show right now.
[SPEAKER_02]: It's amazing.
[SPEAKER_02]: I know it is it's super fun.
[SPEAKER_02]: We got to get one of those like maps and start putting pins all over the all over the globe, right?
[SPEAKER_02]: It's super fun.
[SPEAKER_02]: Let's, um, as, as I said at the top of the show, listen, hey, crypto is open.
[SPEAKER_02]: Crypto is open.
[SPEAKER_02]: The regular markets are closed.
[SPEAKER_02]: We'll get back to the chat in a little bit.
[SPEAKER_02]: Good morning, uh, Danny from Maple Valley Washington.
[SPEAKER_02]: First time here.
[SPEAKER_02]: Love that Tom from Massachusetts.
[SPEAKER_02]: Peter from Mission Valley San Diego.
[SPEAKER_02]: We love Mission Valley San Diego.
[SPEAKER_02]: Some of the best, some of the best Mexican food you'll ever have in your life out in Mission Valley San Diego.
[SPEAKER_02]: We
[SPEAKER_02]: But the regular markets are closed.
[SPEAKER_02]: I want listen.
[SPEAKER_02]: I want to know how can I trade apple?
[SPEAKER_02]: How can I trade in video?
[SPEAKER_02]: You can't.
[SPEAKER_02]: You got to go to the crypto markets.
[SPEAKER_02]: That's where the action is.
[SPEAKER_02]: Let's pull up the show favorite when you guys are on coin market Cat.
[SPEAKER_02]: Let's just see what's going on today.
[SPEAKER_02]: Nothing crazy.
[SPEAKER_02]: Nothing crazy today in the fog of war.
[SPEAKER_02]: Everything's pretty flat.
[SPEAKER_02]: a couple bumps there to for hyper liquid and outperformer cardano a little bit of bounce not not a lot of red on good Friday good to see the seven day even I think the seven days more telling than anything uh... theory and with a little three percent pop on the seven days so you like to see that uh... what's that's probably uh... anything else big no oh wow meme core meme core fellas you got to take on that what's going on there
[SPEAKER_03]: Even Joe is Joe's been on meme core for times, then I even know I've had him explain it to me a handful of times and Yeah, whale manipulators.
[SPEAKER_05]: This is not the real it's it's only going up and did a ride and you can't do that without Asian Manip a whale wallets and that's all it is Brian that you just say me isn't whale wallets
[SPEAKER_05]: It's specifically, it's violated.
[SPEAKER_05]: It's, that's the explanation.
[SPEAKER_05]: It's traded only in Asian markets, and that's why it's up into the right.
[SPEAKER_05]: It's been, we've called this like when it was like sub-ability and dollar market cap, and this is shot up.
[SPEAKER_05]: This is never gone down.
[SPEAKER_03]: I should have done that call when we were breaking out the call list like we were like we had some hot ones I still remember and Joe's like I really like this meme corner and I go to that's not trending on cool market cap I'm trying to figure out exactly what it is and I have a struggling time and then he he was basically said the exact same explanation is like exactly
[SPEAKER_03]: It's it's Asian whale manipulation of a of a colonization.
[SPEAKER_03]: I was I didn't explain anything I was I was like product who cares is just a manipulate well controlled by the Asian markets and that's not the reason you need But it's up into the right it's certainly surprising me Joe.
[SPEAKER_03]: Why are we seeing a pump it's what when you say the Well manipulation is there anything more depth to it honestly?
[SPEAKER_05]: actual wallet, right, that it's like every time you create a wallet, it spits you out a profile, either you create a profile, it sits you out of a meme coin.
[SPEAKER_05]: Nothing different than the pump fund is just that the vibe on the street was, hey, this is going to be like hardcore, like just basically pumped.
[SPEAKER_05]: And that was how the alpha that we needed during that time.
[SPEAKER_05]: And it just never died.
[SPEAKER_05]: I don't know what's going on with it, but there's volume, it's the top, you know, five meme coin out there.
[SPEAKER_05]: I wouldn't touch it, obviously, but it's been close to a year, right?
[SPEAKER_05]: Yeah, more than a year now.
[SPEAKER_02]: July 25.
[SPEAKER_02]: That's crazy, Mark.
[SPEAKER_02]: Yeah, 3.4 almost 3.5 billion dollar mark.
[SPEAKER_03]: If Joe only pushed us to just move all of our dry powder and funds into the meme core and gave us all financial advice that we do not give, but if he just wouldn't work that rule just once We would have all been sitting a little pretty.
[SPEAKER_03]: It's uh, yeah, I'm I'm personally probably not a buyer here, but it's I'm real for it All right, you didn't do your job did you trade this?
[SPEAKER_05]: Yeah, I traded.
[SPEAKER_05]: I got out at the, uh, with pancakeswap and then, uh, I'm out completely, but yeah, it's, I mean, nothing lasts like this.
[SPEAKER_05]: This is true manipulation.
[SPEAKER_02]: No, just a true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true, true
[SPEAKER_02]: all the more reasonable teaser later in the show when we get down to the amount of money maker segment that's why you want to be in this community getting you know daily access to Brian and Joe and as always when they're on the show we got a one dollar trial so if anybody's interested in just seeing what's behind the curtain of being more involved getting
[SPEAKER_02]: you know access to Brian and Joe's private community check the description below one dollar traveling for everybody but let's uh i guess overall macro we've beaten that to to death really right where there's the fog of war uh there was a uh you know announcement of i press briefing to the country from the oval office this week
[SPEAKER_02]: didn't really give any clarity.
[SPEAKER_02]: Honestly, I thought what was really interesting is, especially with the three-day weekend, is the market shook it off overall.
[SPEAKER_02]: It was kind of a down-open yesterday, Thursday, and it rallied back into the clothes and actually closed basically flat to even a smidge of green.
[SPEAKER_02]: which going into a three day weekend again, traditional markets closed on good Friday, no trading till Monday, uh, it's, I was pretty surprised at that, honestly, um, but I think I think that shows you.
[SPEAKER_02]: It's like, hey, yes, we're in the fog of war.
[SPEAKER_02]: Yes, things, you know, no, again, I always stand the show.
[SPEAKER_02]: Nobody has a crystal ball.
[SPEAKER_02]: If anybody guarantees you what's going to happen, they're lying to you.
[SPEAKER_02]: So yes, there's always downside or risk, but I think what we've learned with this, you know, very unique administration is the market does not want to be caught off sides.
[SPEAKER_02]: The professionals last year during the tariff dolldown were caught off sides retail.
[SPEAKER_02]: tip like crazy.
[SPEAKER_02]: And if you listen to this show, you'll remember, uh, and so I Brendan and I were buying like TQQ leaps, just into the dip, into the dip.
[SPEAKER_02]: It was the best trade of the year that each of is made.
[SPEAKER_02]: Uh, and you could have got that for free here on the crypto 101 podcast, but um, it's, it's, you don't want to be a caught off sides.
[SPEAKER_02]: And I feel like now, you know, there's a lot of explaining to do for the large hedge funds last year that didn't perform because they sold into this tariff thing, got caught off sides.
[SPEAKER_02]: And I don't think they're going to be caught again.
[SPEAKER_02]: Fear greed index on this good Friday sitting at 29 we're in fear boy.
[SPEAKER_02]: It feels like we've been We've just been living in fear.
[SPEAKER_02]: We got a little bit of neutral there in mid-March.
[SPEAKER_02]: That was a fun one.
[SPEAKER_02]: I think Brian and I were on as soon as we peaked our head out of the extreme fear, which was great.
[SPEAKER_02]: Any any macro take Joe we haven't had you on for a while.
[SPEAKER_02]: So we'd love to pick your brain from a macro perspective before we dive into the crypto-specific news.
[SPEAKER_05]: Yeah, in the near turn, we broke a six to seven month downtrodden.
[SPEAKER_05]: I'm not sure if you guys know, we had down months, every single month.
[SPEAKER_05]: March was the first green month we closed in the green and it shows there.
[SPEAKER_05]: You know, last seven days, we've been moving moving well.
[SPEAKER_05]: So things are heading up, crypto overalls increased trading volume.
[SPEAKER_05]: I think a 19% increase in March in all of crypto.
[SPEAKER_05]: So about eight billion in volume, but they saw volume on chain activities picking up.
[SPEAKER_05]: And that's what we'd like to see.
[SPEAKER_05]: I guess people are,
[SPEAKER_05]: You know, when you say there's down and then people start to get bored, right?
[SPEAKER_05]: Like we're kind of entering that face.
[SPEAKER_05]: It's like a kind of bored, you know, we've been down a while.
[SPEAKER_05]: Let's just start trading and that's kind of like the sentiment and things are and it's crazy to say, but amongst all the negativity, 70,000 Bitcoin's not too crappy.
[SPEAKER_02]: No, actually I would I need to make a attraction.
[SPEAKER_02]: I meant at the top of the show, but I was so wrapped up in my Easter joke that I forgot.
[SPEAKER_02]: So a little attraction from when Brian and I were earlier in the in the week or was Brendan.
[SPEAKER_02]: I can't remember.
[SPEAKER_02]: I'm sorry, Brian.
[SPEAKER_02]: I can't remember too many too many things doing this week, but I said it was the six month.
[SPEAKER_02]: Six months in a row of Bitcoin being down tied the record and that was before we close March and we just Itched for a green month in March, so it isn't six if you listen to that episode We did not hit six by a hair, so it is five months in a row So we didn't reach that six mark So that's a retraction from me hand up.
[SPEAKER_02]: That's what we do Brian right we keep it honest any any final thoughts Brian on the macro before we jump in
[SPEAKER_03]: That retraction absolutely rocks my mind a little bit because when we were doing the show, I was I read about the five months and I thought I read something wrong.
[SPEAKER_03]: So now knowing that was on you makes me feel very happy.
[SPEAKER_03]: I should have jumped in.
[SPEAKER_03]: Let's jump a little bit into this market here.
[SPEAKER_03]: It's you could probably cut out the segments that we've had over the past couple weeks and just put them in when we talk about the overall macros.
[SPEAKER_03]: There's geopolitical issues out there.
[SPEAKER_03]: There's clarity active issues out there, but the market doesn't seem to be.
[SPEAKER_03]: uh... getting hit as hard we even had trump i think this is after the run down this week we trump that had a special podium announcement i think this is Wednesday night and the market was thinking that maybe we were good uh... pull out of iron we were maybe getting out so that we get deeper into it uh... there's a little bit of both just being spoken in the market obviously retraced i think down to sixty four sixty five thousand dollars but then recovered in
[SPEAKER_03]: we're back into the same range that we feel like we've been in for weeks now.
[SPEAKER_03]: And I think we're going to stay here for a little bit longer.
[SPEAKER_03]: There are some interesting issues being tossed around and seeing more like chatter about the clarity act and some possibilities that that gets done sooner than rather later, but now we're going into a
[SPEAKER_03]: a holiday break.
[SPEAKER_03]: So I think we're going to move sideways.
[SPEAKER_03]: I think by the time next rundown we're going to probably be within one or two percent of exactly where we are right now.
[SPEAKER_02]: May a little volatility or no volatility over a holiday weekend is always welcomed go touch some grass get outside unless you're brine because he's a little cold so make sure you bundle up there.
[SPEAKER_02]: But one more quick check it on the chat.
[SPEAKER_02]: Danny wants to know what the best AI cryptos are.
[SPEAKER_02]: Danny, we're going to cover that in the back end of the show.
[SPEAKER_02]: And believe it or not, our friend, uh, G.O., I hope I'm saying that right.
[SPEAKER_02]: He says he's calling in or watching in from the Isle of Man.
[SPEAKER_02]: And for those who don't know, the Isle of Man is a self-coverning British dependency located in the IRC between Great Britain and Ireland.
[SPEAKER_02]: Guys, we are literally covering the globe today and it makes me so happy.
[SPEAKER_02]: I know we need a picture of you.
[SPEAKER_02]: I don't know how we're going to do that in some sort.
[SPEAKER_02]: Send it to our acts at crypto 101 pods send us a pick please of you outside of the at home in the island man.
[SPEAKER_02]: We'd love to see it.
[SPEAKER_02]: All right, Franklin Templeton.
[SPEAKER_02]: All right, let's let's get into it.
[SPEAKER_02]: Let's get into the news here.
[SPEAKER_02]: Actually, some really, really big news.
[SPEAKER_02]: Franklin Templeton launches.
[SPEAKER_02]: launched Franklin crypto a new dedicated institutional grade crypto investment unit and basically this comes from their purchase of coin fund and for those of a long time listeners of the crypto one one podcast and the crypto community summit the hedge fund summit Chris Perkins and Seth Gens have been on multiple times multiple times and so it's super cool excited to see them
[SPEAKER_02]: Um, integrated into Franklin Templeton.
[SPEAKER_02]: I believe Chris Perkins, eyes of is a veteran of the United States of America.
[SPEAKER_02]: He had a long service history.
[SPEAKER_02]: I know we've had him on the show, uh, a really great guy.
[SPEAKER_02]: So I'm going to look to try to find to get him back.
[SPEAKER_02]: Um, but basically just expanding their existing suite of actively managed crypto and blockchain VC investment.
[SPEAKER_02]: Franklin at Templeton will acquire 250 digital lead.
[SPEAKER_02]: Digital assets lead by Perkins.
[SPEAKER_02]: Gins formerly coin fun as a part of the agreement.
[SPEAKER_02]: All coin fun liquid crypto currency strategies will be acquired to broaden our crypto investment platform.
[SPEAKER_02]: So I saw somebody pull up this tweet.
[SPEAKER_02]: really kind of breaks down what they're trying to do.
[SPEAKER_02]: So I want to open it up to you guys.
[SPEAKER_02]: We could just read off the tweet.
[SPEAKER_02]: Or is there, do you guys have a take on it?
[SPEAKER_02]: Brian, I'll pass it to you first.
[SPEAKER_02]: Any thoughts on this?
[SPEAKER_03]: Yeah, I mean, this is this is pretty bullish news.
[SPEAKER_03]: This is the type of thing that we say all the time that there's still these infrastructure plays in this institutional investment trying to make crypto genuinely easier to use and stronger infrastructure.
[SPEAKER_03]: And as retail seems to be fleeting away, we have Franklin Templeton and CoinFun in this major, you know, acquisition.
[SPEAKER_03]: I should say,
[SPEAKER_03]: It says that I was reading a little bit about this.
[SPEAKER_03]: It said part of the deal was with the Benji tokens, which is that some Franklin Templeton token I shares.
[SPEAKER_03]: So this is super interesting.
[SPEAKER_03]: This is kind of one of the first of its kind that we're seeing these major acquisitions and major movements, especially when the market's just moving sideways.
[SPEAKER_03]: You know, this is in a
[SPEAKER_03]: news like this, probably sends a place soaring even harder, but you know, times like this, this is a huge, huge, huge deal in institutional finance and traditional finance.
[SPEAKER_02]: It is, and my favorite thing as the show, the YouTube, the podcast, it's truly my baby, along with having you guys and Bryce and Brendan and everybody being a part of it, but I really own the whole process of getting everybody on.
[SPEAKER_02]: And to see Franklin Templeton, who we just had on the head fun, some in the podcast, and they came on specifically to talk about Benji, to then go and partner with Chris Perkins and CoinFun, who we've had on numerous times.
[SPEAKER_02]: that start to cross pollinate when we've really had an awesome lineup for our listeners and community members to kind of follow that journey individually from Franklin Templeton being one of the first big financial wall street agencies to get involved in crypto and then obviously coin fund being very very crypto specific but they've all told their story with us and our team and now they're converging and it's so cool to see that.
[SPEAKER_02]: Joe any any thoughts on this because I think it is it's
[SPEAKER_05]: Yeah, this is great news for me because I didn't hear about this particularly, but just aside at post where it says using Benji Tokus for dual consideration, that's awesome.
[SPEAKER_05]: And early step toward an on-chain M&A, because there's always like ambiguity around M&A, right?
[SPEAKER_05]: But on-chain M&A, I'm very interested in that because I have a lot of investments into
[SPEAKER_05]: Pre-IPO companies like SpaceX and and Thropic and I would love to see how that kind of moves and Wiggles through funds.
[SPEAKER_05]: So this is this is great for me.
[SPEAKER_05]: I'm you scratch my I'm gonna scratch my each after this and look into it.
[SPEAKER_02]: Yeah, it's super, I guess I just think it's super cool, but yeah, go go research and then obviously just go search crypto 101 podcast Chris Perkins, crypto 101 podcast coin fund, crypto 101 podcast Franklin Templeton and you'll find some great podcast around that so you can kind of go back and learn and something that will cover and obviously where we want to get those guys back on because it's super cool news.
[SPEAKER_02]: Something we've talked about on the show haven't really had much of an update is you know Bitcoin Ethereum crypto's in 401k's the IRAs are going We've talked about the IRAs.
[SPEAKER_02]: We even had people from Bitcoin IRA.
[SPEAKER_02]: I know public.
[SPEAKER_02]: I believe is launching one.
[SPEAKER_02]: They want to come on the podcast Maybe we'll get them and then Just saw I saw a headline.
[SPEAKER_02]: I saw a clip from Fox business.
[SPEAKER_02]: So let's take a listen and then we can toss it around
[SPEAKER_01]: had a retirement solutions and had a life path make the food seed joints being there.
[SPEAKER_01]: Looks to me, have your casual glance of this, not what we're in for a fantastic expansion of this stuff.
[SPEAKER_01]: But I can put in my 401, as I want.
[SPEAKER_00]: Yes, we think about it.
[SPEAKER_00]: It's so personal that the U was trying to do anistic huge step forward with 401 to market.
[SPEAKER_00]: with the rules trying to do is establish a process.
[SPEAKER_00]: Not necessarily say which aspect classes are good or bad.
[SPEAKER_00]: So they created a six point process and then what we want to be able to do is focus more on the rules and less on mitigation.
[SPEAKER_00]: So you could invest in things but you've got to follow this process.
[SPEAKER_00]: But it's not going to happen for some time,
[SPEAKER_00]: There's a six-day window now where they, of course, account the window, but we're going to get a few more, is this what people are going to talk about.
[SPEAKER_00]: So I think a regular people, like 25% of the population are in decline benefit plans, but 80% are in decline, contribution plans.
[SPEAKER_00]: Right now, the decline benefit plans currently have access to all of these assets.
[SPEAKER_00]: But what we're trying to do is level the playing fields.
[SPEAKER_00]: So many Americans are relying on 401k plans.
[SPEAKER_00]: Those ED plans, teachers, firefighters, police officers, a lot of state workers have access to those defined benefit plans.
[SPEAKER_00]: Most of us in the private sector have defined contribution.
[SPEAKER_00]: But what the rule making is meant to do is to level the playing field and be able to offer these asset classes to both as long as you have this down.
[SPEAKER_02]: I don't know.
[SPEAKER_02]: Well, first off, sorry for that bad audio.
[SPEAKER_02]: I was as loud as I could get it.
[SPEAKER_02]: I'll boost it and post for the podcast listeners.
[SPEAKER_02]: But I don't know.
[SPEAKER_02]: It sounds like there's a rule out there.
[SPEAKER_02]: It's going to a six day window for it to be discussed and kicked around.
[SPEAKER_02]: I feel like, I guess that's good.
[SPEAKER_02]: A new six day window.
[SPEAKER_02]: I thought this stuff.
[SPEAKER_02]: I mean, we talked about this months ago, like, definitely at the start of this administration was something that they wanted to get done and haven't really seen the legwork on it.
[SPEAKER_02]: So,
[SPEAKER_02]: Did you guys pick up anything more than like, okay, there's a window now or maybe it'll get done.
[SPEAKER_02]: I guess it's kind of enough.
[SPEAKER_03]: Yeah, I listened to that before we went live here.
[SPEAKER_03]: So yeah, there's a 60 day common period then the rules.
[SPEAKER_03]: And then each employer decides if they want to add it or not.
[SPEAKER_03]: So it could take.
[SPEAKER_03]: months, or I guess even years, if your employer actually would add this to your actual 401k plan, I do believe that a lot of employers will add it to the plan, but some things that stuck out to me that they said 80% of America's saving their 401k, so it's a really common
[SPEAKER_03]: common way to save and adding something like Bitcoin, Ethereum, to show up in options, makes crypto more normalized for regular people, and it could pull in that next wave of investors, and then I think the numbers I just looked up, they said there's 10 to 14 trillion in the United's retirement savings fund.
[SPEAKER_03]: So even if we got like one or two percent of that,
[SPEAKER_03]: would flow into Bitcoin or Ethereum.
[SPEAKER_03]: That would be hundreds of billions that would be a steady new demand.
[SPEAKER_03]: So I don't want to undersell how important and impactful this 401k addition would be.
[SPEAKER_03]: But again, we're also what 60 days away, common period, then we got employers that need to add it, and then it could take, you know, multiple months to actually show up in your account to do it.
[SPEAKER_03]: So I don't think it's going to just flip the switch to us to new all-time highs overnight.
[SPEAKER_03]: very bullish thing that normalizes crypto in every day use cases.
[SPEAKER_03]: So I hopefully three, four years from now will go back on this and be like, Oh, yeah, that was kind of huge.
[SPEAKER_05]: Yeah, 100% for people don't really trade and for one K, they just kind of said and forget it and it's hard to break habit.
[SPEAKER_05]: This is net positive.
[SPEAKER_05]: If when it when it inflows is just going to say,
[SPEAKER_02]: Yeah, that's good point.
[SPEAKER_02]: I agree with everything you guys said.
[SPEAKER_02]: I was more kind of just focused on like when's it's going to get done.
[SPEAKER_02]: I can't we I think behind And I we kicked around kind of the administration of you know TN up all this crypto positive stuff the price action hasn't come the regulation is in process.
[SPEAKER_02]: I guess, but we want to see some we want to see some movement Which is our next topic some movement in the regulation space.
[SPEAKER_02]: No, it's not the clarity act folks.
[SPEAKER_02]: No update on that quite yet.
[SPEAKER_02]: It's the genius act
[SPEAKER_02]: So it looks like the Genius Act, the U.S. Department of Treasury issued a notice, basically rolling out a 60-day period for submit comments after publication for federal registrants.
[SPEAKER_02]: Basically, the unregulated stablecoin era is coming to an end here in the United States, which makes sense, because I think that's kind of an appetizer if you will for the Clarity Act kind of help setting those guardrails.
[SPEAKER_02]: And then you see like the Benji Tokens, our Coinbase
[SPEAKER_02]: You know, all these big banks want to leverage these stable coin rails.
[SPEAKER_02]: Uh, this is kind of the first shoe to drop of something that looks like it might be going going into effect, uh, if there's, you know, no crazy comments or things if it gets put out here, the Genius Act takes full effect within 120 days.
[SPEAKER_02]: So does this, uh, anything intriguing from this?
[SPEAKER_02]: I think it's always good to note, uh, when the regulation is going into place, but it kind of feels like compared to the Clarity Act, not as impactful.
[SPEAKER_05]: Yeah, I, when I look at this, I'm just thinking, this is great for my kids because, you know, congrats to Satoshi, you know, not really Bitcoin being the replacement for money, but at least we're moving into the 21st century who were for traditional fiat, which has just been like stuck behind a wall.
[SPEAKER_05]: So I love seeing this.
[SPEAKER_03]: Yeah, it turns stable coins into trusted dollar rails.
[SPEAKER_03]: It's a pretty big win for crypto infrastructure and overall mainstream adoption.
[SPEAKER_03]: And it kind of gets bundled in the news whenever we're in a bear market.
[SPEAKER_03]: But this is just the long term vision for crypto in the blockchain coming to fruition.
[SPEAKER_03]: So, but yeah, the bigger news is the clarity act.
[SPEAKER_03]: We want to get that done and that be favorable is favorable is possible for the crypto side,
[SPEAKER_02]: All makes sense and something that will continue to track continue to track for our next segment.
[SPEAKER_02]: It's called we're going to play a new segment, a new game for this new segment.
[SPEAKER_02]: It's called who wants to be a bank and everybody wants to be a bank apparently because Brian Armstrong's we tweeting out, they've received their conditional OCC charter approval moving it towards that bank status although he says we're not becoming a bank.
[SPEAKER_02]: It's a trust company we're bringing infrastructure of crypto.
[SPEAKER_02]: under federal regulatory oversight, and then the people who literally, this is my my theory, literally own and run the world as the Citadel.
[SPEAKER_02]: That's like, you want to talk about some of those powerful people in the world, I think it's kind of Griffith, and he does a good job of basically staying out.
[SPEAKER_02]: It doesn't speak on camera much, but this guy makes money in any market being a clearinghouse where the market goes up, whether it goes down with the state sideway, this guy,
[SPEAKER_02]: You know, as I jokingly say runs the world, but half jokingly, it looks like the Citadel.
[SPEAKER_02]: Their crypto exchange is applying to be a national trust bank as well.
[SPEAKER_02]: They want to provide custody, want to provide asset management and trading services, just like they do for any and every financial market and make billions if not trillions dollars.
[SPEAKER_02]: Um, again, just covering the news, I, to me guys, this isn't like bullish news by any means.
[SPEAKER_02]: It's just, this is part for the course now.
[SPEAKER_02]: This is what these major asset managers on Wall Street are doing.
[SPEAKER_02]: They're getting involved because I think it could be bullish in the sense like our industry's not going away.
[SPEAKER_02]: Like, I get a lot of hate comments right now.
[SPEAKER_02]: Somebody said, yeah, the idiot with the Bitcoin Mona Lisa Bitcoin picture thinks Bitcoin's going to come back.
[SPEAKER_02]: And I read that and then I turned around.
[SPEAKER_02]: And I was like, oh, crap.
[SPEAKER_02]: He's talking about me and I keep getting all these hate comments.
[SPEAKER_02]: Like, crypto's trash, crypto's garbage, crypto's going away.
[SPEAKER_02]: And I just like, I don't know the Citadel wants to be in the crypto game now.
[SPEAKER_02]: So I don't know if it's going away.
[SPEAKER_02]: What do you guys think?
[SPEAKER_05]: absolutely not going away.
[SPEAKER_05]: I just got to notice yesterday a so-fi integrated fully integrated crypto for the first time and all my banks and so-fi.
[SPEAKER_05]: So it's just the access to becoming easier and big banks, not having big banks to consider, but like I wouldn't cost so-fi small by any means, but they have a lot of clients and they're finally giving exposure to the customer.
[SPEAKER_05]: So as much as we talk about adoption, like when have you seen a crypto tap on Bank of America?
[SPEAKER_05]: That hasn't come yet, right?
[SPEAKER_05]: But it's slow.
[SPEAKER_05]: It's
[SPEAKER_05]: First time it popped up in my bank, I'm like, what the heck's going on?
[SPEAKER_05]: Like a straight-by-head crypto from my bank so far and now.
[SPEAKER_05]: So just easier access is just going to be great overall for the crypto space.
[SPEAKER_03]: Nothing.
[SPEAKER_03]: Nothing out of the city of all stuff by just have to jump in again about the Bitcoin motelisa thing, you know, you sent me that comments.
[SPEAKER_03]: It just went on to know Tvo, Tvo reads the comments.
[SPEAKER_03]: So we would love to have more comments because you could probably get to all of us a little bit.
[SPEAKER_03]: We liked the great ones, but it didn't talk about how he praised that Bitcoin motelisa every morning too.
[SPEAKER_02]: Man, I'm telling you did it's it's tough all the comments.
[SPEAKER_02]: They come for me, but I'm also it makes sense.
[SPEAKER_02]: I'm I'm I'm on the loudest and the here it is.
[SPEAKER_02]: I mean, I'm not lying our guy our guy.
[SPEAKER_02]: Don the Julia with Pete.
[SPEAKER_02]: Pete Buttigieg.
[SPEAKER_02]: Mayor Pete.
[SPEAKER_02]: As is a profile picture.
[SPEAKER_02]: Ultimate troll ultimate.
[SPEAKER_02]: It's like obviously if you get to I was like it's kind of like the bane saying it's like I was born in the dog And she merely trained in it.
[SPEAKER_02]: It's like I come from the absolute gutter of the internet via you know barcel sports and Twitter and acts like I can handle it.
[SPEAKER_02]: I've literally heard it all
[SPEAKER_02]: But yeah, we love some positive comments too.
[SPEAKER_02]: So if anybody in the chat is enjoying the show, maybe give me a positive comment, you know, it's a good Friday.
[SPEAKER_02]: Let's show a little love, you know, but yeah, I love the comments.
[SPEAKER_02]: Anybody that wants to jump in, it's usually me replying.
[SPEAKER_02]: So would love.
[SPEAKER_02]: and I love that I love good takes like if you disagree with this great um and if you're being funny like this I do like that uh so the more comments the merrier the uh the last thing I want to so I gotta bring the call back here the last thing I want to talk about is not crypto related before we go to the moment of money makers but I do think this is something that we're just gonna cover on this show because I do think it's gonna affect all markets uh
[SPEAKER_02]: Apparently Elon Musk SpaceX confidentially files for an IPO confidentially Bloomberg reports and then my question was a serious question How is this confidential because it was all over the internet and it started off at a 1.5 trillion dollar raise or valuation and then it ended up
[SPEAKER_02]: And ended up being at the end of the week here.
[SPEAKER_02]: I saw it ended up being $2 trillion IPO.
[SPEAKER_02]: Super, super exciting for, I guess, will be the biggest IPO in history as my guess that this will be.
[SPEAKER_02]: And I think it's interesting to watch because what will be, I like being kind of a financial journalist in a way, I see so many things I'm gonna look for.
[SPEAKER_02]: Number one, how will this affect the liquidity of the market?
[SPEAKER_02]: Will this trade well?
[SPEAKER_02]: If this goes in IPOs at this valuation, it's already immediately, like a top 10 biggest company in the world.
[SPEAKER_02]: So it's like, okay, you're not buying Google dollar anymore.
[SPEAKER_02]: You know what I mean?
[SPEAKER_02]: And riding it for 20 years, these companies have stayed private so much longer than they traditionally have because the private credit and the private funding industry is so big now.
[SPEAKER_02]: okay is it a dump on retail like how is this thing going to trade i have no idea going to be fascinated to watch uh and then will it affect you know will it affect liquidity of the market so people going to start selling you know uh who knows i don't know if it's true but there could be like a liquidity sucked for people to want to go buy this or they're going to sell and video they're going to sell Microsoft they're going to sell meta to go buy SpaceX will be interesting to watch
[SPEAKER_02]: And then kind of the the Tesla versus SpaceX IPO, I think is is a really interesting thing to watch or people going to cash out their Tesla to jump in on SpaceX or is this a you know is vice versa is the robots a better play than SpaceX.
[SPEAKER_02]: I have no idea but I'll be here to cover it anything exciting about this for you guys or anything specifically you want to watch that you know again it doesn't tie directly to the crypto market but I do think there's a liquidity thing to watch here
[SPEAKER_03]: I mean, Joe mentioned a moment ago he has like futures on SpaceX, I mean, we got we have an insider here, so let's just give him a floor.
[SPEAKER_05]: It's all thanks for crypto.
[SPEAKER_05]: I was doing pre IPO crypto stocks.
[SPEAKER_05]: If you recall, we did that with like, you know, Gemini circle bullish.
[SPEAKER_05]: And that was all so far.
[SPEAKER_05]: And through so far, I was able to get fun rises new is some tech innovation fund, which was, I'm not sure if you guys saw this, if you want to put up VCH to ticker.
[SPEAKER_05]: the average person access to SpaceX stocks because that fun had, you know, large shares of SpaceX stocks.
[SPEAKER_05]: So through crypto as a proxy, I was able to get in on that banana's meme coin trade.
[SPEAKER_05]: Well, not meme coin trade.
[SPEAKER_05]: It act like a meme coin.
[SPEAKER_05]: So definitely the implications over for the macro market is, um, you know,
[SPEAKER_05]: is definitely big like you mentioned people is going to be a big indicator of what's going to happen for because if the first one's out the gate before anthropic and before open a i then kind of level sets expectations it's crazy valuation right now like a hundred times forward revenue which is like what's it like
[SPEAKER_05]: So we'll see what it seems like the appetite in Silicon Valley at least is that everything's justified.
[SPEAKER_05]: They're like, yeah, open AI at 10 trillion.
[SPEAKER_05]: Yeah, we expect that in like the near term like five years.
[SPEAKER_05]: So people are want to say delusional stage, but some would think most people probably think I'm delusional, but most people here in Silicon Valley is like,
[SPEAKER_05]: Yeah, it comes out of the trillion, but you can five extra money in ten, five, ten years, because that's what the demand's going to be.
[SPEAKER_05]: That's the disruption.
[SPEAKER_05]: So nothing really cooked or related, but just talking to SpaceX.
[SPEAKER_02]: I love it.
[SPEAKER_02]: Good for you, man.
[SPEAKER_02]: That's a great trade and all the more reason to listen to the show.
[SPEAKER_02]: I remember you were talking about so far.
[SPEAKER_02]: I got a little bit of, uh, I forget which one was the rock.
[SPEAKER_02]: I got Robin Hood got me some early shares on something that I flipped pretty well.
[SPEAKER_02]: Uh, so yeah, there's a, it's cool that they're opening up, you know, some of this stuff to retail, but you definitely gotta stay educated because that's shit.
[SPEAKER_02]: is pretty volatile.
[SPEAKER_02]: When I think of the SpaceX IPO, I truly one thing comes to mind that I saw on the internet this week that became an instant meme.
[SPEAKER_02]: It's like the day SpaceX IPO's this is going to be retail all over the trading map.
[SPEAKER_01]: I love space.
[SPEAKER_01]: Why do you love being a part of history?
[SPEAKER_01]: We're going back to the fucking moon.
[SPEAKER_01]: That's why.
[SPEAKER_02]: It's going to be everybody that buys the SpaceX IPO.
[SPEAKER_02]: That's exactly what they're going to say to moon.
[SPEAKER_03]: I've looked for a lot of coin around that video.
[SPEAKER_03]: Didn't find anything that was hot.
[SPEAKER_02]: As you should, as you should, you as you should, and that is why people want to be in the momentum of money makers community because that's the stuff that Brian and Joe find.
[SPEAKER_02]: They find these viral trends viral means they do the research.
[SPEAKER_02]: They then plug it into their system, try to look at liquidity, look at market cap, and that's what they put out as first alerts to their community.
[SPEAKER_02]: And
[SPEAKER_02]: Check below.
[SPEAKER_02]: There's always a $1 trial and Brian or Joe are on.
[SPEAKER_02]: So go check out.
[SPEAKER_02]: Click that link if you want to get into those first alerts.
[SPEAKER_02]: Let's check the chat.
[SPEAKER_02]: We got a ton of thumbs up coming in.
[SPEAKER_02]: Cooper says we got UT.
[SPEAKER_02]: There's always a hater out there.
[SPEAKER_02]: I love that.
[SPEAKER_02]: What else we got?
[SPEAKER_02]: Deb.
[SPEAKER_02]: Love UT.
[SPEAKER_02]: I love from Santa Barbara.
[SPEAKER_02]: Love you all the way back to Santa Barbara, Deb.
[SPEAKER_02]: That's for later.
[SPEAKER_02]: Don't know what that means.
[SPEAKER_02]: I was born in the darkness.
[SPEAKER_02]: You merely played in it.
[SPEAKER_02]: Love it, man.
[SPEAKER_02]: We're having a lot of fun in the chat today.
[SPEAKER_02]: Great, great live.
[SPEAKER_02]: Having so much fun.
[SPEAKER_02]: Thank you guys so much for being here.
[SPEAKER_02]: One more call.
[SPEAKER_02]: Give it a thumbs up, give us a like, bottom right.
[SPEAKER_02]: Hit the subscribe button if you're new.
[SPEAKER_02]: Guys, towel.
[SPEAKER_02]: Let's talk about the town news.
[SPEAKER_02]: So this is because we have taught, we have talked and covered a town on the program.
[SPEAKER_02]: The last thing we did was we talked about the out performance so we're going to dive into that a little bit and this is the segment Dan was waiting for earlier.
[SPEAKER_02]: It's like, hey, what are the best performing AI cryptos and we can kind of talk about a couple if we think we want to but the number one.
[SPEAKER_02]: one that our team has been talking about inside the community and on the podcast has been tau.
[SPEAKER_02]: We've written newsletters about it.
[SPEAKER_02]: We've had talked about the IP calls about it the moment of money makers have talked about it.
[SPEAKER_02]: They've given it out and they've worked in some subnets as well.
[SPEAKER_02]: So there's some news around it.
[SPEAKER_02]: Then we'll go into the price action fellas.
[SPEAKER_02]: So it looks like gray scale submitted in S1 for the bit, bit tensor, uh, tau, the tau trust.
[SPEAKER_02]: So I'll pull up that second tweet that you guys put and then I don't know who wants to lead the segment here, but let's break it down what we're looking at here.
[SPEAKER_03]: Yeah, I can mention kind of what's going on on a gray scale.
[SPEAKER_03]: So they filed and amended S1 for the BitTensor Project project, which is really interesting because it's going to give more institutional interest to tau.
[SPEAKER_03]: And tau is a large decentralized AI, and they have a sub-nets as well, which are essentially specialized networks within BitTensor.
[SPEAKER_03]: And Joe made an excellent call with our community.
[SPEAKER_03]: What was just a couple weeks ago, Joe, when it was, you know, well, under $300, and then it felt like the entire timeline was filled with towel talk and towel subnet's.
[SPEAKER_03]: And for good reason, it's a super interesting project.
[SPEAKER_03]: It's modeled after Bitcoin's tokenomics.
[SPEAKER_03]: But this essentially, this announcement with
[SPEAKER_03]: And it's not a final approval or anything along those lines, but it's getting closer to be packaged in a way that traditional investors can get exposure to it and what we've seen from some other gray scale products in the past is that millions to billions of dollars could flow into this for people that are interested.
[SPEAKER_03]: But Joe, I'll hand it off to you because I know you really like town and you give a great call to the community.
[SPEAKER_05]: what we did.
[SPEAKER_05]: We did tell together and we actually talked the subnets.
[SPEAKER_05]: I'm not sure if you guys talked about that in the last run down where we, you know, talk people, you have a tutorial, right?
[SPEAKER_05]: The crucible wall is it up yet?
[SPEAKER_05]: I'm Crypto 101.
[SPEAKER_03]: No, I can't get that over to Tville.
[SPEAKER_03]: I was actually going to mention it to him on this call, but if you want some fire tutorials, hopefully we get a few new ones out of few ones, new ones out there, and specifically talking a little bit about subnets.
[SPEAKER_05]: Yeah, so subnet is where all the action is pretty much and there's I think like 1304 to them and Brian's finding some that's like launched that hasn't even listed yet.
[SPEAKER_05]: I was like, Brian, how do we buy those?
[SPEAKER_05]: He's finding those small awful for you guys.
[SPEAKER_05]: Freya, don't buy it, but we don't know if it's live yet, but that's kind of where the action is.
[SPEAKER_05]: One of the biggest spotlights was, you know, Jensen playing CEO and video making a comment on one of the Tao subnet, specifically Templar.
[SPEAKER_05]: You can buy that.
[SPEAKER_05]: I think it's up from when we call it it, but we're going like an inch deeper because people are interested in detail ecosystem.
[SPEAKER_05]: And if you guys want to know more, I'm not sure if that's it.
[SPEAKER_05]: It is.
[SPEAKER_05]: Subnet 3, yeah.
[SPEAKER_05]: What's it called?
[SPEAKER_05]: New Ed ID.
[SPEAKER_05]: There's so much different lingo in this side of the world that
[SPEAKER_05]: Our community members are asking about it and we're doing a deep dive on it and we're just uncovering more about the practicality of it and use cases of it and Templars that want to support it like a seven billion dollar a seven billion line of code large language model so that's why it went up because the shemoff mentioned it in all in podcasts.
[SPEAKER_05]: So yeah, we're just finding some some winners towel for us winner, but there's there could potentially be more winners within the towel ecosystem.
[SPEAKER_02]: No, it's just be careful to say, hey, these subnet's, they're, you know, the market cap.
[SPEAKER_02]: It's a low, you know, lower market cap is what you guys play in.
[SPEAKER_02]: So we just want to make sure for all the listeners out there, nothing we say is personal financial advice.
[SPEAKER_02]: You got to be really careful to your own research as you can see here.
[SPEAKER_02]: I just want to pull up and say subnet 3 has been live since July of 25 when down to the absolute basement.
[SPEAKER_02]: And then you can see what happens from three, you know, three.
[SPEAKER_02]: 10 to 325 15 days.
[SPEAKER_02]: There's some momentum.
[SPEAKER_02]: Probably some people talking about it in a higher option.
[SPEAKER_02]: Then you get that final blow off top for that clip that we did play on the show a couple weeks ago.
[SPEAKER_02]: So, you know, you got to do your research, but all the more reason to add your research, the momentum money makers community.
[SPEAKER_02]: Sorry, Brian.
[SPEAKER_02]: Continue.
[SPEAKER_03]: No, that was a perfect segue for what I was going to say.
[SPEAKER_03]: I was going to say these subnets are, they're not meme coins.
[SPEAKER_03]: They're real projects and they're focused on AI and utilizing the towel tokens and in addition to that bit tensor network.
[SPEAKER_03]: As BitTensor grows, the thesis is the subnet's will hopefully or some of these subnet's will outperform BitTow's price.
[SPEAKER_03]: But a good way to, you know, I don't want to get funding into a device on here and I'm not sure if the tile price is going to go up or down from where it is right now.
[SPEAKER_03]: We've seen a nice surge.
[SPEAKER_03]: But personally, I do have holdings of tile and I continuously don't request average in.
[SPEAKER_03]: There's a way that you can actually stake tile into a subnet called root.
[SPEAKER_03]: But without all being said is that these subnets are like microcaps of the tau ecosystem, you know, they can be extremely volatile or, you know, some of these are even difficult to fully understand what they're doing.
[SPEAKER_03]: I mean, for Templar is essentially to decentralize AI model training and that's what it does gets mentioned on the all-impot cast and it goes through the roof, but these are really interesting projects too, you know, if you believe in the future of AI,
[SPEAKER_03]: and you believe in the future of decentralized AI, it's hard not to look at town and the bit tension that work as a very interesting product.
[SPEAKER_03]: And then if you want to go even farther down the risk spectrum, you start researching what these sub-nature actually building and what they're doing.
[SPEAKER_03]: And some of them could literally trend downwards for months.
[SPEAKER_03]: But still building incredible models are doing incredible things, but they just don't have a ton of attention And then when they get the attention, they pop off So it's an ecosystem, Joe and I have been really exploring and I think a lot of just like Crypto people have been exploring a lot now too because it tells a really good story The AI model makes a lot of sense for the world of crypto And Tows been here for a while and these subnet's
[SPEAKER_03]: Most of them are really proven product projects, but you know, it doesn't always mean the price goes up So that's why I kind of wanted to go because there's a 128 of them and They're super interesting It's something that if somebody's interesting they aren't crypto I highly recommend them doing some research around town or jumping in our community and you know Joe and I are researching about that literally every day it feels like
[SPEAKER_02]: Yeah, couldn't agree more and especially the price action here of one month towers up like 69% for the year.
[SPEAKER_02]: It's only up 50%.
[SPEAKER_02]: So there's there's just so much buzz about it.
[SPEAKER_02]: We've been talking about it on the show.
[SPEAKER_02]: But before that, we've been talking about it inside the community for he had a great news letter on it.
[SPEAKER_02]: Then I'm channeling my inner Brendan here on a Friday, giving you guys a little TH channel.
[SPEAKER_02]: What do you think of that, Brian?
[SPEAKER_02]: Unbelievable.
[SPEAKER_02]: kind of, you know, just in these sideways markets, I always lean on Brendan and his, you know, volume weight control and see these channels and, you know, in a sideways market, you can see like, I think, you know, for my 101 level of TA, it's like, there's your playground right now.
[SPEAKER_02]: We're kind of in the middle.
[SPEAKER_02]: of the playground will the momentum continue will a cool off but when that thing breaks out or if it breaks out with the continued momentum and belief and noise this project has around it I think it could rip for sure so something something to continue on any final thoughts on Tao bit tensor any other AI coin you guys are watching I think the subnet was a great teaser Make sure you subscribe the buttons right down here.
[SPEAKER_02]: I can see it on the screen right there
[SPEAKER_02]: If you're new hit it because Brian's got a subnet tutorial that you guys are going to turn notifications on so you don't miss that so any final thoughts on the eye stuff.
[SPEAKER_05]: Yeah, I got to find a thought.
[SPEAKER_05]: We made a call on Venice, of course.
[SPEAKER_05]: But they have a total cut.
[SPEAKER_03]: I'm going to say comment on that too.
[SPEAKER_03]: That's a good one.
[SPEAKER_05]: Yeah, so we caught Venice at like 70 million market cap because privacy was very popular back
[SPEAKER_05]: prompt, and they have a token called DM, if you want to DM's try it looks even better, if you want to look at DM, D-I-E-M, that's a token by Venice, and this is a very interesting one.
[SPEAKER_05]: This is actually like, is not a meme coin, right, as a utility coin.
[SPEAKER_05]: it pays for compute on any platform that Venice is integrated with and they're integrated with like cloud and an open AI.
[SPEAKER_05]: So for everyone DM you hold you get a dollar of credits to use on compute.
[SPEAKER_05]: And that translates to like, I don't know, 30 bucks a month, right?
[SPEAKER_05]: So it doesn't really pay itself off until like three years down the road.
[SPEAKER_05]: But for as meaningful for a lot of people who do pay for compute and the trustment going up into the right, because people are using this, right?
[SPEAKER_05]: They want to buy the token.
[SPEAKER_05]: They want to use the credits.
[SPEAKER_05]: They want to use open AI.
[SPEAKER_05]: They want to use unthropic and it's just another way for Venice to help give value back to their stake or so you stake Venice, you get DM and Venice has been really taken off alongside DM.
[SPEAKER_05]: So, and that's just a note because not until this month, like, a lot of people include myself has finally allocated like a bigger budget to AI credits.
[SPEAKER_05]: excuse me, if you're not utilizing AI credits, then you don't know what I'm talking about.
[SPEAKER_05]: But what I'm seeing now, TV was that people are starting to think about that.
[SPEAKER_05]: They're like, hey, I need to start using credits, meaning to code websites or to code an agent, and it's not top of mine for people yet.
[SPEAKER_05]: Like the average person's like, oh, let me just type into Chad GBT, right?
[SPEAKER_05]: And it's slowly becoming a bigger mine share.
[SPEAKER_05]: Like I'm like allocating
[SPEAKER_05]: loads amount, right?
[SPEAKER_05]: Like I'm going to start doing hundreds of dollars.
[SPEAKER_05]: But if you if you saw the Jensen playing all in podcasts recording, he said, I get mad at my developers.
[SPEAKER_05]: If they're not spending a quarter million dollars of credits into AI.
[SPEAKER_05]: So it's it's really a big thing in the developer world and slowly is going to become a really big thing for like SMB small businesses and individuals like ourselves and maybe even our company.
[SPEAKER_02]: Yeah, it's it's coming.
[SPEAKER_02]: I can't say that I've been in the credit game other than we've talked about this in the show before Brian of like, you know, working with thumbnails and trying to do some of the creative stuff is a different the different platform, but it is credit based and I've seen a ton of technology leaders basically saying like, hey, it's yeah, maybe we're cutting job, you know, it's the job force down a little bit, but basically we're still going to need top tier engineers because you need to guide and you know where to spend and use those credits.
[SPEAKER_02]: uh... and that's kind of your junior engineer so it's uh... it's it's getting weird out there but all the more reason that you need to deep dive into the research and you know you guys are second to none of that i think we'll jump on the sheet here because it's top of mind is uh... the brand arm strong uh... a.a. agent uh... wanting a crypto wall to eat
[SPEAKER_05]: I just thought it's funny because, you know, they're making a play on 420, but they self-proclaimed, they launched it on April 2nd, so they called it 402 because a protocol called 402, and I'm like, oh, you know, this is a good thing, right?
[SPEAKER_05]: Because we're changing the mind frame of what April stands for.
[SPEAKER_03]: Yeah, yeah, that's that is that is super interesting actually and you know, so AI agents they we talk about this all the time that they can't go down the street and they can't open a bank account they can't you know get a credit card so if they want to transact.
[SPEAKER_03]: in some former fashion if that's book era line tickets if that's grocery shop for you if that's trade crypto they need to utilize crypto or crypto wallets so a lot of the companies now a lot of the buzz right now has been this bridge between AI agents and crypto and open payment systems so you know AI agents can have these native crypto wallets in trans act online instantly without any human interaction.
[SPEAKER_03]: So this can be very, very bullish for crypto and we've talked about this, you know, with our community, we've talked about on the rundown, just how a lot of people have claimed that like crypto is built for agents, not humans.
[SPEAKER_03]: And that was kind of a joke, but then the more you think about it, there might be tens of thousands, millions, hundreds of thousands, millions, hundreds of millions to knows of crypto walls that are generated for people's AI agents.
[SPEAKER_03]: uh... that's a real thing so people like cloud flare and stripe and coin base uh... the Linux foundation they're all building these unique systems for that next iteration of a.i.
[SPEAKER_03]: that we're all expecting to come eventually you know it doesn't have to be the a.i.
[SPEAKER_03]: robot that's a made in your house that your skiers get take over and like hold you you hostage
[SPEAKER_03]: You know, there's there's going to be these AI agents online transacting for us utilizing crypto and crypto wallets and transacting instantly and that's that's getting a lot of talk along the timeline right now.
[SPEAKER_03]: There's a there's a lot of interesting opportunities to weigh that you could possibly invest in that or at least just learn more about it.
[SPEAKER_03]: Because there's individuals like Brian Armstrong that are, you know, dropping major tweets out there that's bridging the world of AI agents and crypto and this is all this infrastructure for the aging economy is literally being developed in front of us every single day.
[SPEAKER_03]: you know it's happening right now and we we we can get some opportunities that there's opportunities uh if that's in certain tokens it's that's in certain infrastructure plays and not all when we're going you know do great but you know they're all there always be some winners and it makes a lot of sense to me I don't know about you guys but makes a lot of sense that if you believe in AI
[SPEAKER_03]: It feels like crypto, if that's the stable coins, if that's their own tokens, uh, crypto wallets that AI and AI agents will obviously work with crypto.
[SPEAKER_03]: And I think that can be another really huge growth sector for crypto overall.
[SPEAKER_02]: Man, whatever, just not good, Joe.
[SPEAKER_05]: No, one of our calls based off of this is doing well.
[SPEAKER_05]: If you want to type in Z-auth,
[SPEAKER_05]: And it's basically to verify that this is working correctly.
[SPEAKER_05]: Does there's a lot of money that's believe they're not agents sent to agents that goes to the wrong place.
[SPEAKER_05]: Anyways, just we're just diving deep and giving you guys call us on this metas, what I'm saying.
[SPEAKER_02]: No, it's a great point because everybody always says, and you get questions like, hey, the momentum money makers, what mean coins are hot, what NFTs means, is that all they do, and it's not.
[SPEAKER_02]: It's just the where the momentum is, and the momentum is in these AI plays, so that kind of bleeds into what you guys are doing, and clearly know what you're talking about, knowing the deep dive.
[SPEAKER_02]: So again, check it out in the comments, $1 to go and get into Brian and Joe's community.
[SPEAKER_02]: If we transition our last call for questions, you guys want to throw some questions in the chat.
[SPEAKER_02]: It's Friday.
[SPEAKER_02]: We can wrap up with a couple of those after our quick hitters here, transitioning into prediction markets, the Trump admin backing prediction markets, obviously there's tons of different lawsuits, especially from the, you know, from the sports betting side of things and it looks like the Trump administration is standing up for the prediction markets.
[SPEAKER_02]: I'm sure they are.
[SPEAKER_02]: because I'm sure there's, you know, some interesting insider plays that have made everybody a ton of money.
[SPEAKER_02]: And then, uh, Cal, that is like, you better hope they are because, uh, Cal, she is clearing her hurdle, uh, to offer margin.
[SPEAKER_02]: So more ways to get liquidated, always fun, uh, Brian, I know you're excited about this.
[SPEAKER_02]: You're ready to go get liquidated and count on the prediction markets.
[SPEAKER_03]: It's, you know, I'm, I'm, I'm experienced, you know, I'm experienced.
[SPEAKER_03]: I know how that feels, so I'd rather not happen.
[SPEAKER_03]: Yeah, you made the joke about the Trump family and Donald Trump stands for prediction markets and kind of calling it like federally regulated, not state regulated, so trying to slap the hands of these federal laws that they're trying to impose on prediction markets who knows how this is all going to shake out, but it is funny because Donald Trump Jr.
[SPEAKER_03]: I know for a fact, it's like partnered with calcium and I think Pauli market.
[SPEAKER_03]: So they do have a vested interest for these prediction markets and
[SPEAKER_03]: I mean, I like the prediction markets, but I just want people to know like what they're getting themselves into and they can be, you know, highly manipulate by insiders and I think we talked about in the last run down to you though that the CFTC stepping in and trying to eliminate these insiders and I'm not exactly show what prediction micro took a look like a year from now.
[SPEAKER_03]: but this was pretty impactful news that Trump's coming out and he's like standing up for prediction markets and telling the states to back off this is a federally run product so it's it's just an interesting thing to watch in the world of crypto because all of these mostly run on crypto rails are offered some sort of crypto integration.
[SPEAKER_05]: I, I still think we got to do a weekly prediction on here.
[SPEAKER_05]: So the next time we come on we got something to celebrate boys like what do we do it and then leverage it and after that I don't I don't hate that.
[SPEAKER_02]: I don't hate that the Friday show is like you give out.
[SPEAKER_02]: We kind of talked about that, especially it's wearing football seats Friday night.
[SPEAKER_02]: That's something we should probably look into on this little shackle a little shackle on something needs me
[SPEAKER_03]: I don't want to rub any feathers, but I did have like a geopolitical play that I was like batting around in my head earlier today after hearing Trump's speech.
[SPEAKER_03]: You can get some interesting markets on that, but that's probably not for the audience right now.
[SPEAKER_03]: We don't have to like predict on political issues.
[SPEAKER_03]: But if we get enough demand for it, maybe I'll release it one day.
[SPEAKER_03]: You know, there's one, I like that.
[SPEAKER_03]: It was on it.
[SPEAKER_02]: Let us know in the comments if you want the weekly Friday prediction market pick just for fun just for fun I Off air Brian I mean, no, I lost my shirt.
[SPEAKER_02]: I got hoes on the deal book summit Treasury Secretary interview because he just walked off stage like two minutes into his interview because he didn't like the interview Questions, so I got hoes on that when I had to step aside I had better
[SPEAKER_03]: I don't think you have the hottest one though, man.
[SPEAKER_03]: I don't want to, I maybe we get a demand for you to release it next Friday.
[SPEAKER_03]: You got the hottest one.
[SPEAKER_02]: It is.
[SPEAKER_02]: We're in there.
[SPEAKER_03]: They're in there.
[SPEAKER_03]: It's Johnny.
[SPEAKER_03]: That's the hottest.
[SPEAKER_03]: Yeah.
[SPEAKER_03]: It's the hottest.
[SPEAKER_00]: It's true.
[SPEAKER_03]: Get enough to it.
[SPEAKER_03]: A true friend of the show.
[SPEAKER_03]: Yeah, and it's not inside the information, but it's super interesting and he told me about it a few weeks ago and I was like, Teva, I'm going to find that contract and I'm going to buy the side that we talked about and not finding it to a place for anyone but it was it was a well thought out.
[SPEAKER_03]: felt like there was an edge there and I'm back and I don't know.
[SPEAKER_03]: I don't know.
[SPEAKER_03]: Maybe we got to talk to lawyers or something, but not financial advice, but if we give them to me, you got to give the people what they want next Friday.
[SPEAKER_02]: A hundred percent.
[SPEAKER_02]: Yeah, let us know in the comments if that's something you guys want.
[SPEAKER_02]: Some more prediction market fun.
[SPEAKER_02]: It'll be on Friday as we can do it on the back half of the show.
[SPEAKER_02]: Let us know on Spotify, Apple, comments, YouTube comments.
[SPEAKER_02]: We know we'll check them out.
[SPEAKER_02]: Let us know.
[SPEAKER_02]: uh... will just skip to the last one here since we're just on prediction markets let's go to the uh... haven't talked about it with you guys so we talked about how polymark it was launching the situation room pop up bar did you guys see how a complete disaster it was
[SPEAKER_02]: Yes, so funny, Brendan pointed that out to me a couple weeks ago and I just wanted to get your guys this take.
[SPEAKER_02]: I think it's so sad because it's such a cool idea and then they tried to rush it, do it too quick.
[SPEAKER_02]: They did a pop up, they clearly weren't ready, they had no structure of what it actually was going to be.
[SPEAKER_02]: It was just like a little meat and greet with a blow up glow, but I was kind of disappointed for, you know, a company that has billions of dollars in valuation investment to roll that out.
[SPEAKER_02]: We love, you know, we love the prediction markets and the idea this was so cool, but tough execution on the first one.
[SPEAKER_02]: What do your guys' takes?
[SPEAKER_05]: Yeah, I'm with you.
[SPEAKER_05]: I thought it was going to be great.
[SPEAKER_05]: Like they did free groceries, right?
[SPEAKER_05]: They were doing, and now it's like, oh, they're going to pour a lot of money.
[SPEAKER_05]: They're worth, you know, they're one of the dollars, but it was just
[SPEAKER_05]: because people in our amongst our friends, right?
[SPEAKER_05]: Our colleagues were like, hey, even before this is an idea, we're like, we wanted this to happen.
[SPEAKER_05]: So we're rooting for it to happen.
[SPEAKER_05]: And I wanted that proof of concept that come over here because I'd be the first one there at the bar.
[SPEAKER_05]: But yeah, it wasn't great.
[SPEAKER_05]: It was raining and the TVs weren't working.
[SPEAKER_05]: It was just disappointed.
[SPEAKER_03]: The black out was a huge disappointment, but I want to go here, so yeah, there's a lot of reasons I've been to Washington DC a lot of times in my life and it's a great city, but this is like destination number one, I'm like trying to draft up like a family vacation to take it educational trip for my kids now, because I just want to like, you know, peel off to the situation room for a couple hours.
[SPEAKER_02]: Yeah, yeah, the boy's on on a Friday afternoon at the situation.
[SPEAKER_02]: Getting rowdy, getting rowdy, all right.
[SPEAKER_02]: Let's wrap up the show.
[SPEAKER_02]: We had a couple questions, some picks.
[SPEAKER_02]: So again, nothing we could give here is financial advice.
[SPEAKER_02]: Just we want to appreciate everybody who is joining us.
[SPEAKER_02]: on the live today.
[SPEAKER_02]: So let's go.
[SPEAKER_02]: We had somebody said Algarine and he news on Algarine will pull it up and look at the chart for you, but not something I've been tracking any you guys.
[SPEAKER_05]: No, we did a stick though.
[SPEAKER_03]: Yeah, I know it has like that's an AI play, right?
[SPEAKER_03]: That's another AI play, Algarine.
[SPEAKER_02]: Not something I've covered personally.
[SPEAKER_03]: No, I'm not too deep into it, but I'm going to look into another token to Algo.
[SPEAKER_03]: Yeah, we saw it running.
[SPEAKER_03]: I remember Joe, we talked about this for a while.
[SPEAKER_03]: Wait, no, it's a blockchain.
[SPEAKER_03]: It's a blockchain, algorithms are blowing, yeah.
[SPEAKER_03]: Yeah, it's an L1 blockchain.
[SPEAKER_03]: But I'm not exactly sure what it does or why we saw this recent pump.
[SPEAKER_03]: So, we'd love to know, if anybody who ever asked that, if they know the insider on it, would love to be all a little bit about it.
[SPEAKER_02]: Yeah, I ball 509.
[SPEAKER_02]: Do what do you know about Al Grant?
[SPEAKER_02]: You're bringing it up, great call.
[SPEAKER_02]: Yes, something we saw, you know, price acts wise, but not, wasn't on our radar of what we're specifically covering inside the community.
[SPEAKER_02]: So let us know what you know.
[SPEAKER_02]: CJ E's in the chat.
[SPEAKER_02]: You love to see that.
[SPEAKER_02]: What do you think of V-doors?
[SPEAKER_02]: I haven't even heard of V-doors.
[SPEAKER_02]: Sounds like a low cap to me.
[SPEAKER_02]: Let's pull it up Can't even fine.
[SPEAKER_02]: No, is this it?
[SPEAKER_02]: V-door?
[SPEAKER_02]: Very very low Vanguard digital oil reserve.
[SPEAKER_05]: Yeah, I was gonna say sounds like a Vanguard thing
[SPEAKER_02]: Vanguard digital or reserve i mean i have no idea what that does i said on the program i'm uh as a fun one with brion i shorted oil and i've traded in and out of that position because it's been so volatile i'm currently out of it like right when i said it i got i went up twenty percent on it sold got out of like ten bought back in then lost ten so i've just been trading the volatility haven't you know made anything great about it i was thinking about
[SPEAKER_02]: But currently no open plays on oil for me, and that was about a wash.
[SPEAKER_02]: I did it two times tried to get it nothing nothing Too great, but um, any thoughts?
[SPEAKER_02]: I guess that's an oil question, and then last one Oh, I ball, you know, I don't know if he last one from Phil he's nearing retirement any tips on a best place
[SPEAKER_02]: for a novice to learn crypto trading absolutely fill you're in the right place so the first thing you're going to do is on the bottom right of your screen right here you're going to subscribe and then you're going to scroll down if you want more and check out our links I think maybe like you know maybe our free book might be a great place for you to start so if you scroll down the description we have a free book click that link get your free book start there listen to the podcast and then we will you know you'll be with us and be a part of
[SPEAKER_02]: Um, that's gonna be all for today.
[SPEAKER_02]: Any final thoughts fellas as we head into the weekend?
[SPEAKER_03]: No, no major final thoughts here other than, you know, it's kind of just, uh, hope everyone has a happy Easter if you're celebrating it.
[SPEAKER_03]: Uh, if you see a kids out there with some Easter egg hunts, I wouldn't even ask.
[SPEAKER_03]: I just start taking them.
[SPEAKER_03]: It's because we need as much dry powders we can to dive into some of these subnet and uh, turn their lives around.
[SPEAKER_02]: I hate that effect.
[SPEAKER_02]: All right, now March Madden is who you guys got.
[SPEAKER_02]: I picked Arizona in my bracket, but the rest of the bracket was awful.
[SPEAKER_02]: Anybody else getting picks?
[SPEAKER_03]: I'm on Arizona, but all my back brackets are busted.
[SPEAKER_03]: I think the work one, I saw a lot of us were on Arizona, and I was like, oh, that wasn't very contrary in at all, but I got crushed.
[SPEAKER_03]: I was a big Iowa state guy.
[SPEAKER_03]: You know, can't name one player on their team, but it was really like, you know.
[SPEAKER_03]: I was waiting for tips from you guys, it's a big place of prediction bet.
[SPEAKER_02]: Yeah, I'm not a basketball guy.
[SPEAKER_02]: Never claimed to be a basketball guy.
[SPEAKER_02]: People forget that.
[SPEAKER_02]: We really appreciate everybody coming on.
[SPEAKER_02]: Thank you so much.
[SPEAKER_02]: Enjoy your weekend.
[SPEAKER_02]: Again, any questions, comments, toss them in there.
[SPEAKER_02]: Our whole entire team.
[SPEAKER_02]: We can't do this without you guys.
[SPEAKER_02]: Super appreciative.
[SPEAKER_02]: Everybody who listens on the audio, super appreciative for everybody on the live.
[SPEAKER_02]: Please enjoy your weekend.
[SPEAKER_02]: Happy East to those who celebrate and we'll talk to you later.
[SPEAKER_02]: Bye everybody.