BITCOIN AND ALTCOINS: HOLY SHIT!!!!!! Transcript, AI Summary & Key Points

00:00 Oh yes, oh yes, oh yes, so yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is at 78. We're still derping around the flip level. A bit up, a bit down, but Bitcoin is officially bullish. We are restarting the bull market just like we did the right here back in 2023. Some volatility is expected. We here we even went down a bit but all in all the plan stays the same especially as we are seeing the next most important demise of the US dollar guys when you have a president saying that you will

00:35 get money if you vote for me guys it is the final final final days people will need to have Bitcoin as soon as possible listen to YOU CAN SAY THEN HE'S HAPPY. [applause] BUT WHAT we're doing is because we've done so well and because our country is making so much money that only I can make this promise to you and here is my promise. If the Republicans win the House of Representatives and the United States Senate, both of them because of our economic tremendous economic success like in in history, we've never had

01:20 anything like what's happening, but because of our tremendous strength and success economically, I WILL ISSUE A DIVIDEND to every adult citizen in the United States of America for $5,000. >> [cheering] [applause] [applause] >> VERY MUCH LIKE [applause] a successful company will do a cash distribution to its shareholders or like last year when I gave our great members of the military Oh.

02:07 >> Oh yes, guys. Oh yes. Oh yes. Oh yes. Oh yes. Man, if this happens, it's approximately $1.5 trillion that will be sent out to us adults. If you are US adult, let me know in the comment section because you may be getting $5,000. Will it be true? Will it not be true? Let's see. But it is quite clear. And that this guy, he wants the power. And if he can get the power, uh, fantastic.

02:32 Fantastic. If we can somehow get the plebus $5,000 be very very nice. Now Gro is saying president cannot unilaterally send 5,000 checks uh from federal funds. The constitution gives congress the power power of the purse any such payments require legislation uh appropriating the money winning the house and the senate control would let Republicans pass a bill for it.

02:55 See this is the important thing. If you have the Senate and the House, Republicans can pass a bid a bill which president would sign. Let's see. [laughter] Let's see, guys. I mean, let's It's a bit maybe a conspiracy theoristic, but if he wants a third term, this is the kind of stuff that uh will help him, okay? In one way or another. But anyway, we're apolitical.

03:16 Let's not get too much into politics. Let's just all agree whether you're left or right, you're the middle or you're up or you're down or whatever you are politically, whatever political animal you are, [laughter] let's just agree that they're going to print in one way or another, they going to print bigly bigly bigly bigly. And if this happens, I mean, if this happens in in some way that he he does give $5,000 to all adults, it is approximately $1.5 trillion dollars that will be infused into the economy.

03:44 And I mean to be fair it's not too crazy to think that it would happen because during COVID you had the stimulus check and uh it was similar. We already had stimulus check. I mean it's not it's not a new thing. It's not a new thing. Uh at the same time there's election when politicians speak around the election time you have to be very very careful because they want you to do something and then they don't need you for another four years or two years.

04:08 So all in all uh we see it mainly as a as a data point in a big big trend and that's that the amount of dollars are increasing very quickly. You look at the last 10 years most dollars in circulation were printed in the last 10 to 20 years. Okay. So yeah you understand that it's it's a it's a path of no return that is just accelerating and bitcoin will benefit massively massively massively massively.

04:31 All in all markets are a bit sideways now. when you look at S&P, when you look at NASDAQ, when you look at Russell, they're just chopping around likely because there is a bit of uncertainty around the uh the midterms. Uh the market doesn't know what is going to happen after midterm, who is going to be in control and markets, they do want certainty. So NASDAQ, S&P, everything is just chopping around.

04:54 But as soon as there is some kind of resolution in terms of um uh midterms, uh I think stocks are going to have another big fat leg up. So that's going to be very very nice for the Q4 rally. The Santa rally Q4 Santa rally is looking very very nicely. And overall if we look at the last 24 hours, you have a Hunter Biden laptop going down 99% just like expected.

05:18 We've been discussing Hunter Biden yesterday, the day before. We've been saying guys, it's like it's like an IQ test, guys. It's like an IQ test. It it launched, it dumped 99% and uh yeah, that's it. Hunter Biden is saying that he did not scam. He did not scam. He's saying as you may have seen laptop memecoin saw a sharp swing in price today. Okay. Uh if you have 99% loss, you don't have to say that it dumped 99%.

05:44 You can say it's a sharp swing. It's a sharp swing in token price in his first hour of trading. The headlines are all the same. It's a rugpool. Biden crime family. The list goes on. This is far from truth. According to B Hunter Biden, the reality is that available liquidity could not sustain the strong level of interest at launch. [laughter] Guys, there were technical issues.

06:06 Okay. Coupled with predatory snipers, guys. Snipers. You remember the snipers? What did I tell you about the snipers? What did I tell you? I think it was yesterday or the day before we had like a five minute section. I told you about the snipers that they're going to snipe the crap out of it in the first blog before anyone can even buy. And so snipers who seek the to beat liquidity providers to market cause a spike in price which uh has since stabilized at healthy levels.

06:34 Uh very healthy levels, very very healthy levels. The the healthiest maybe [laughter] the team's allocation is locked. No one on our side sold. I'm used to legacy news and social media trolls. Uh the full validation is over 1 billion. And if you look at the context here added by community notes on X, you have a different story because onchain data shows a project multisig receiving 100 million tokens pre-launch and distributing 42 million of them to market makers who sold post launch.

07:05 So when you have him saying that the team did not sell, he is pointing to one particular bucket of the allocation. Okay, the team bucket we did not sell. But how much did it go to market makers? And what kind of deals does the team have with market makers? Because in many cases the the deal is that the market market maker gets a coin gets gets a coin to sell and they sell and they do their own thing and then you have a revshare or the the team project gets the the funds anyway and then they can still point that hey

07:34 guys actually these coins they're reserved. So look at these coins they haven't moved. This is the team coins. They haven't moved. But then the market maker like liquidity coins uh don't look at them. Don't look at them because they may have been sold by the market maker and then there's a ref share etc. Now I don't know what's what happened here guys.

07:49 I mean to be fair now it's not really I have no time to look into this deeply just so retards you that there is I I don't know the details. You can just read yourself but I knew the result. I told you the result beforehand. That's the most important thing. Also it's so out of tune like some things you know may pump because they're in tune with the hype.

08:07 When Trump launched his coin it was in tune. Here it's so out of tune, man. We're not even out of the bear properly. We're just so early early early. And here you do a meme which is not even funny. I mean laptop. How fun is that? I mean, you understand what what is to do a meme? It has to be no culture laptop. Okay, laptop. What is this laptop, man?

08:29 What? What laptop? Anyway, he's also saying that our foundation account is suspended. Okay, [gasps] the foundation isn't stepping away. Why you have a foundation for laptop, man? Why a foundation for laptop? [laughter] You know, it's like um Red Cross Foundation and then it's laptop, man. Okay, we are working on getting the account fixed until the foundation is relaying its true its thoughts via medium until then the found.

09:00 Oh, yeah. The Twitter account got back. Here is breakdown of what happened and how we stabilize. I mean, let's see if he can get it back. Let's see if he can get it back. Thread guy saying, "Honestly, big dog, just delete that. Move on. Nothing getting deleted. This isn't the Epson files." [laughter] Okay. Okay, guys. Man, Hunter, Hunter, Hunter, Hunter.

09:22 Fantastic. I mean, there is It's so funny this whole thing, man. It's amazing. Amazing. Uh, well, it's funny if you if you were watching us and you know, you understood it for what it is. If you lost money, obviously it's not funny. But look here. laptop community launch update. Uh the laptop community saw a sharp swing in token price. Okay. Uh it dumped 99%.

09:38 The laptop initial pull was this. We're continuing to work. But basically guys, I mean if I am to strong, you know, steelman steelman steelman his position. He's saying that uh yeah the the pump the init initial pump it was done before we added liquidity and uh the price was not real. That's basically what he's saying that when you see minus 99%. What he's saying is that um don't I mean don't worry too much about it because the this high price that happened where we fell 99% from it wasn't real like it was created by

10:11 snipers who put in bids at early early early early time before the liquidity was added and so they pumped up the price but that price was without liquidity that was saying and let's see guys it's it's just maybe it will recover who the hell knows but but actually now maybe we can we can use the trends see this is the best thing Guys, with our system, with the money line, we can see what's going to happen here with uh the laptop.

10:37 [laughter] I just feel dumb saying it, but let's see. Let's see, guys. So, the hourly is bearish. Okay, so now if you want to be part of the redemption arc of laptop, [laughter] use the hourly money line because maybe it goes bull. I mean maybe his foundation foundation will bring it back because foundation is not stepping down but at the same time time is I I you know Hunter how much time he has to do this how much time he has to know what's his upside also this guy I mean I I think he wants to spend time with some

11:13 ladies you know you know what you know you know now he has a bit of a budget for that so yeah I don't know will he work to bring him I don't know yes maybe I'm be I'm judging him too much Maybe he's a great guy. I I I think he he wants that candy, you know, nose candy and uh take it easy, you know. Now he has some funds. He wants to make some money.

11:32 He's he said on Tucker Carlson, I want to make some He likely has made a bit of money now. Likely. I don't know if Sure. I don't I get the point. You get the point, guys. Welcome everyone who is watching live. Big shout out to Guzman for time stamping us today. Guzman, how you're doing? Big welcome everyone. Smash up the like as soon as possible. Subscribe to the channel if you haven't yet and go to the second link in description which is the bull mania newsletter.

11:55 This is a free newsletter we send out every week about the market updates what has happened how the markets moved and this is very important. I mean for free basically you get such nice updates about the on August 4th we said everyone to be bullish. Look at August 4th look at Sana. Look at many coins that what happened since then. Also one of you guys will be getting the free copy of the big profits.

12:14 If you sign up on the newsletter, you get a a free copy of a big profits straight to your inbox. Very, very important. That's number one. Number two, if you are a high ticket closer, if you are a high ticket closer, you have an opportunity here to join our team. Guys, let me show you here quickly. We are looking for high ticket closers. This is only for people who are I have experience in it, number one.

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13:03 Click click click as soon as possible. And on this note guys, we are moving on. So Guzman shout out right big shout out to Guzman number two Bulman newsletter number three um high ticket closer those are three things you need to think about now and now we move on to uh to Robin Hood guys to Robin Hood now uh as you know there are many many memes on Robin Hood that have been created uh that are paired with uh with uh stocks with stocks okay now pampan is copying them back because uh Robin Hood ecosystem copied Pam Fan

13:41 with the launches and now Pampan is copying them back. Basically doing the same thing. Now on Pam Fan on Solana, you can uh also launch a memecoin and you can pair it with uh whatever with whatever. Listen to this. Yeah. Okay. It's just it's just an ad. But anyway, Sana custom. You can select custom pair. You can create a coin. It is paired with some kind of stock, more liquidity, yada yada.

14:12 So let's see if Sana can bring back bring back the attention being the number one platform for experimentation and so on so forth. And I see this is good. This is how competition should be instead of crying. See when Sana became big, ETH was crying. Oh no, Sana is so bad. You know, it had outrage this and that. Man, just compete. I'm all about competition.

14:32 Is Solana crying that Robin Hood is a corporate chain? They're not crying that Robin Hood is a corporate chain. Are they crying that Robin Hood is centralized? They're not crying that Robin Hood is centralized. They are just looking at what works and they are offering products and services on their chain that can compete. Compete for F's sake compete.

14:53 Don't cry. Don't be uh coping. Don't be coping. I saw some salana guys coping slightly. just slightly where they said that Robin Hood has like 100 times higher fees, but it's cop because it's still just, you know, below a dollar fee if you're making money on freaking coins. You don't care if there's like $1 fee, but so no coping, just go and compete.

15:13 Go and compete. That's very, very nice. Also, speaking about Robin Hood, there is a new movie that has come out. You may not have seen it about Robin Hood. Uh, listen to this. Here is the evil evil king Gary. Your time is up, Gary. >> [laughter] >> Big shout out to Gary. Yeah, let's see guys how this uh Robin Hood meme stock stuff is continuing. But overall, I love that Robin Hood has really taken this stock market stuff and more or less made it mainstream on chain.

16:17 More or less made it mainstream on chain. And there are many questions that the traditional media has to Robin Hood about all of this. Um they they're asking what is tokenized stock and it's good this is good they're learning they're learning they're learning more and more they are understanding more and more let me see if I can find this video where uh where uh uh Vlad is explaining uh on uh what is it CNBC or something where is this tweet I had it somewhere one second one second one second one second not here not

16:49 here basically it was on this uh Andrew Sorcin show where he got asked about all the details all the details with uh Robin Hood. Oh yeah, here it is. Uh let's listen to this because this is important. As the trady is learning about the existence of tokenized stocks, what it means, they have so many questions, so many basic questions and I think many guys in crypto community also have the same questions.

17:13 So let me just play it to you so we all learn together with Andrew Sorcin. Listen to this >> quickly. I I kind of hear what you're saying, but I understand Adam Aronson's frustration with this. He's trying to build something. He's trying to continue to build something and you know he wants investors who are interested and believe in his product to come to him not to go through you.

17:33 So what what what's what she's saying here is that there is a drama now with the AMC stock CEO like AMC company CEO you know the movie theater and so on. They don't like that Vlad took their stock and made a token out of it and now it is on chain. Now we can argue whether he should like it, he should not like it. I mean you can argue that he should like it because now their stock is relevant.

17:58 At the same time there's a big question here. What is possible and what is allowed to do with a stock and uh does it even matter that the company themselves don't like that their stocks are tokenized? So this is what she's asking. >> He thinks if they go to you instead of going to him, his stock price is not going to do as well. He points out validly that if they're going to you instead of him, they don't get a chance to vote as a shareholder.

18:22 I can understand why a CEO would be frustrated and upset about that. Um, what makes you think that other CEOs aren't going to think the same thing? Hey, if they're interested in buying shares of my company, they should buy it from me, not buy something that you've modeled to to transfer off of it through you. That that may in turn hurt my stock price because I'm not getting all the people who are interested in buying my stock buying it.

18:45 I mean I I think that there there's two things there. Number one, these uh are products available outside the US in 120 plus countries. And in a lot of those places, uh people don't have easy access to US equities. There's no underlying brokerage infrastructure. There's no Robin Hood where you can go on your app and and buy shares. So, we think a lot of this is actually net new business and the opportunity for these companies to access a whole new >> business for you.

19:19 What's Adamson get from it? >> Well, he gets access to a whole new uh shareholder base, people who have exposure to his stock. Um, >> and because the tokens are backed one by one one to one by underlying shares, uh, there is stock purchase backing these sto these tokens. Um, >> so her question was a bit because uh he's saying listen you're going to get the pump anyway.

19:46 Okay. If someone in Africa in subsaharan Africa buys AMC from the wallet AMC stock Vlad will have to buy the actual stock. Okay. So now you have the whole world pumping the the stocks on chain. Okay. and you get you get the buy pressure propagated to the real stock, you understand to the real stock. >> So I I think that's just a misconception obviously.

20:17 >> And just so I understand because it's one to one does does the token come with all of the um voting rights and everything else that's associated dividends and the like with with owning the actual stock. >> It it it comes with dividends. um voting rights not in this case because it is a debt security and the shares are held as collateral but again that's not dissimilar to how an ADR or an ETF would function right if you have an ETF and you get exposure to an underlying you're not voting uh in in each underlying >>

20:57 can Larry Fank vote my my my stuff uh I want to put him in charge Vlad I really like his politics is that possible Oh, >> can I >> We can look into that, Joe. >> Yeah, thanks. >> Uh Vlad, can you vote the shares? >> Um me personally, I mean I uh >> No, I'm saying well is Robin Hood going to be voting the share in the same way that Joe's unhappy that that Larry's voting shares though it's his firm.

21:22 Is Robin Hood voting those shares? Um I I think that we haven't really announced plans for for the voting aspect of of that. Um so I mean we we can we'll certainly share more if we have it. >> Yeah. I mean this one is is a massive one because you know that one of the most influential companies in the world is Black Rockck because when you buy a Black Rockck ETF they take your money they buy all of the underlying companies and now they get to vote what happens to those companies.

21:54 they are part of the board in some cases or they're part of just shareholders voting on different matters in the annual general meeting or or in other other situations where the shareholder vote is needed. So what what CNBC is asking Vlad here is very important because should the tokenized stocks become massive and maybe in the future even bigger than ETFs in the future as uh this is more global it's more inclusive you don't have to have a brokerage account you don't need to do any KYC so they could become bigger

22:25 because people around the world will be buying tokenized stock and for all of these tokenized stocks the voting the voting power goes to Vlad goes to Vlad and Robin that's a That's a massive question actually in terms of the corporate influence >> but okay >> again there is established uh there is established precedent for uh creating these types of products and you know they they give exposure to these assets to people all over the world.

22:55 So I do think this is the future. The entire financial industry is headed in this direction. Wow. >> The US is is also working on innovation exemptions to allow for for tokenized securities out here and it'll take time to educate. >> Yeah, big big shout out to to Vlad. He's fantastic. I mean, this is what he what he's saying is fully correct here and people want onchain stock and the market gives them onchain stock.

23:22 That's it. So, that's how onchain stocks work. Now, they're also on Solana. They've been on Sana for a long time. See, here's where execution matters because Sana technically had token stocks before Robin Hood, but Robin Hood was just better at executing. So, there's a big lesson in there because sometimes people are saying, "Ivan, I have an idea for a startup.

23:39 I don't want to tell you because it's like super secret." M. Listen, no one cares about your idea. It's all about execution. You got to execute. Vlad came executed the crap out of this stock. And let's see if Salana can catch up. But, all in all, it's good for the end user. There's all kinds of different uh solutions and compositions etc. Look here you have Fed potentially increasing the rate in September.

24:03 According to poly market, according to different uh u different prediction markets, the number one the number one outcome is Fed uh increasing rates. Uh let's see. I mean that would be that would be quite spicy uh if they increase rate. Trump wants them down. Trump said that he would more or less do tariff against the Fed or what did he say? Let me see.

24:28 This was a few weeks ago. This isn't super recent, but let's see. Trump interest rate uh tariff. [laughter] What did he say? I need to find it. He was saying that if they don't cut interest rate, he he's going to do something which is like uh tariffing Oh yeah. Know here, here, here. [laughter] Lower the interest rate because the US is much stronger in credit than um every anything else.

24:58 So they should have the lowest. He's saying lower the rate or I'll stop trading with countries with which we have a deficit. [laughter] Great. So this was on September 4th. Uh this was over a week ago. Great job numbers and you haven't seen anything yet. Employers added this many jobs in August. So uh he's saying elite lower the rate or I'll stop trading with countries which we have a deficit with which we have a deficit which the US Supreme Court in his ridiculous and very cost decision strongly acknowledge the

25:34 president has an absolute right to do it's better than tariffs [laughter] the Fed board in in with it great leader must get smart be patriots [laughter] oh yeah let's see guys let's we just going to react to whatever happens guys we're going to be okay uh But uh a lot of drama, a lot of drama in financial markets as you can see. Will they increase? Will they decrease?

25:53 Meanwhile, with bullmania, we have a simple system. With bullish, bearish, should the trade go against us, we have a stop-loss. Should the trade go against us, we have a scenario for everything. We have a scenario literally for everything. So, we're going to make money no matter what. No, no matter which market, always, always, always, always, always.

26:10 So, imagine trying to trade based on all of this. How you trade based on all of this, I don't know. But if you trade based on trends, if you know the mechanical rules, it's man, it's easy. It's easy. It's easy. It's easy mode. Your life becomes easy mode. Uh next, you have also uh here uh Bessant saying that he needs the clarity act. He is saying that it's time to get the clarity act yet again for the hundth time.

26:35 And also he's saying that I'm the house now. When it comes to the bond market, he's saying I'm the house. And um and uh yeah, basically don't trade against me. Listen to this. >> Whenever people say, "Oh, well, Treasury Secretary is taking a risk is well, it's my dream. I have asymmetric information." Like, I am the house now. when we intervene with the Japanese yen, I have pretty good insight into what the Japanese what the Bank of Japan's going to do, what Japanese policy makers are going to do.

27:13 Um, and um, if you can bet against me if you want, whenever people >> bet against me if you want. Exactly. So all in all guys uh the conclusion out of everything here is printer online as soon as possible. Printer will come online. Um I don't put too much weight into this rate hike uh narrative at all because this is not the time to be to be bearish.

27:42 The time to be bearish was uh last October when we were bearish. It's not the time to be bearish now. There's always going to be a narrative which sounds bearish. There's always going to be some kind of concern always about something. There is never a time in the world where you have everything just bullish and there's no fear and there's no counterargument and the at the same time it's vice versa also there's never a time where everything is just bearish.

28:06 So you have to take all the information and make a bet. Make a bet which may go against you. You may lose money but you have a stop loss done. Fantastic. Fantastic. So guys that's that. Let's go to Q&A questions, answers, debates, discussions. While you are thinking about questions and all of this, go to bullmania.com/subscribe. This is the second link in the description.

28:29 Go to the newsletter and also we have a fantastic fantastic Bullmania story here from Mariana. She shared it on our last weekly weekly uh live stream which is private for bull media members. Listen to this. while you're thinking about your great great questions. Mariana says, "Guys, you're amazing. You have saved me 350K." Holy crap. And the wizard is another fantastic Mariana.

28:56 Fantastic to hear. And also, by the way, sometimes [clears throat] I see people in Discord. They ask like so specific about their portfolio. They're like, "Okay, I have this much money. Should I should I buy should I invest this amount or that amount?" And you know, we can help in Discord also. Um but you know in these cases where you really like ask over and over again about your specific situation.

29:16 Yeah I have this amount of portfolio I have a 15K in the stock market I have this you know it's for these cases where you feel like you are like that you you need Jason you need JSON call as soon as possible. Of course we can also help you in Discord but you know in Discord it's going to be chatting you you write something we chat back it's not fully I mean you understand like it's night and day.

29:36 It's night and day. Of course, we're happy to help in Discord also, but uh it's nice and dense to have a proper one. Anyway, guys, thank you very much for being here. Big sh fantastic. Big shout to Mariana and this is why you know in Bulmania because we have this one approach. Many people who speak to Jason in this case, this is our Chinese quant are changed in many cases.

29:56 Their lives are changed. So there's there's no product such as Bulmania anywhere on the market because literally oneonone with Jason people come out. There there was another guy a few weeks ago. He said that he saved the 500k. This was all in the bare market. And again, we were this was all throughout the bear. Imagine now that guy has 500k to deploy in new bull trends.

30:17 Oh, or or this girl Mariana now she can deploy in new bull trends. Why? Because we have great tools. We have great education. We help you in Discord. But also you get this amazing one-on-one experience with Jason. Oh, he's the best. He's the best. I mean, it is a gift to humanity. And also booming AI. Never forget bulli. Let's let's actually see if we missed something from Boom AI.

30:40 All in all, it's basically a gift to humanity, I can tell you because everything else people spend so much time in the markets get wrecked in different ways. Now, let me just go through here so we haven't missed anything. Laptop, we're covered. Treasury Bessant, we're covered. Strategy repurchased a bunch of stretch. Let's see. Did they get back to 100 or what's happening?

30:59 They I guess soon they must be back to 100. Yeah, then they're getting closer. If it is above 100, it's another pump for Bitcoin. Why? Because then Sailor can raise money from Shadowfi and buy Bitcoin with it. So that that's going to be another catalyst when Stretch returns to 100. So yeah, they're trying to get back to 100 by repair rebying. Oil is high.

31:19 Uh pump fan ships custom pairs. Yeah. So we did that. This we discussed this. We discussed uh Hunter Hunter Ber and damage control. Oh, let's check this one. What's happening with anthropic? Anthropic, what are you doing? Anthropic is reportedly building an extensive monitoring system to keep tabs on activists who oppose the development of AI. There you go guys.

31:42 It can become quite um quite dystopic dystopian dystopic very very soon. That's why in crypto you also have very important projects. All these AI projects like Venice Venice pumped a lot on this open AI situation. Uh you have the other ones which are not really pumping but you can keep an eye towel and fetch in case they go bull trend. Yeah, something to keep an eye on because this story with uh traditional labs, traditional labs being a bit evil is going to get bigger, guys.

32:11 It's going to get bigger. And the the good thing is we have a solution. And isn't it interesting that in this case, China, they seem like the good guys. Isn't it interesting because what OpenAI has done lately where they're accused of stealing a mathematical invention, a mathematical solution to this millennia problem. We discussed it yesterday. alsthropic they they have so much bad press.

32:32 Meanwhile, the China guys, the Xiinpings, they are like the good guys because they release open source and now [gasps and laughter] you can run your own you know open source Chinese model and you see because it is open source they don't track you like it's you know it's uh there you run it on your own machine now is it biased that's that's another thing with China of course their model may be biased you ask about a famous square a famous square you ask the a model about famous square it may not tell you But uh you see

33:04 it's interesting. It's interesting because uh for the west for the westerner uh it maybe does make more sense to use open source Chinese than to use anthropic or open or or open AI because if you use anthropic open AI they're going to literally steal your stuff. I mean what happened with the mathematicians if you use Chinese okay you cannot ask it about the famous square but at the same time uh why would you I mean do are you political or what are you like as in in in that system as long as you're not political uh you

33:37 you're going to get the answers and even if you are political the data is not shared because you run on your own machine like the model is on on your machine you understand so yeah guys uh check out open source models uh I think now there are many ways to run your own model. Also, if you go to uh uh hugging face here, you can see which models are available.

33:58 You can browse, you can, you know, explore a bit because I think you will be surprised how easy it is to to run them. You know, you can you can go go to huggingface.co and explore a bit. A lot of these models are free. Uh search on YouTube how to use them, how to how to install them because you will be surprised. It's not hard. like literally not hard not hard and you get for and you see the average plebe I mean you and I we don't use AI for anything like mega complex anyway so you don't need those latest latest one I

34:31 mean for you to do your normal work task with AI man this free ones are more than enough now you some of them require a big um hard they have big hardware requirements so that's something to think about but at the same time okay buy some you know MacBook what is it uh Mac Mac Air, what's it called? MacBook Mini. I have MacBook Studio for example. It can run quite a lot.

34:51 Can write quite a quite a lot. Um, so anyway, yeah, something to consider at least. At least something to consider. What else? What else? Uh, yeah, I mean that's it. Let's go to Q&A. Uh, let's see if we just missed something. Japan, China. Oh yeah, China and Japan are dumping treasuries. They will have this will mean this will lead to the US government deploying money to buy treasuries because they want to control the the yield curve.

35:18 Does that uh this we discussed this we discussed let's just go quickly so we don't miss anything. I want you to have an a full end toend knowledge about the market here. Uh so let let's do this quick uh bum bum bum round or how you say the the quick uh what is called the rapid rapid fire rapid fire bum bum bum round. So oil is high. Iran again uh back and forth.

35:39 We all know it's happening every day since March. Oil is high. This and that. Iran some oil tanker. Hormos. Hormos here. Hor hormones there. Trump says oil and gas prices won't fall right after until right after bit. [laughter] What? Wait wait wait wait. Trump says oil and gas prices won't fall until right after bit. [laughter] Right after me, all price are going to be tumbling, [laughter] [gasps] man.

36:10 I love it. Trump, man. But here's a political animal, man. This political animal. I love it. I love it. I love it. [snorts] I love this stuff, man. I I'm taking notes, guys. If I'm ever president, we're going to be running this playbook fully. You're going to get money after the midterm election. Oil prices, they're going to go down after the midterm election.

36:30 It's so easy, man. I could have done it also. Fantastic, man. I love it. I love it. This is the best. So, oil price, the global oil market, he's not going to he's not it's not going to dump before the midterm. Okay. If we if I get reelected, it's going to dump. Good. Gold climbs. Gold. Oh, let's check gold. Actually, gold going up. Very nice. But it has been in in bull trend for the last weeks, which we covered very very significantly on this channel.

36:58 So, all in all, but it hasn't climbed since then. It went bull trend and then so it hasn't climbed. It has climbed a bit since here but keep an eye on gold because it is bull trend. It is bull trend and uh in bull trends we're bullish. So yeah it has climbed since this lows at 4.2 but nothing too major. Um yeah a bunch of flips. Good. Then bessent we discussed uh he wants clarity act.

37:22 Senate needs clarity act yada yada. Let's see if it happens. Laptop laptop laptop laptop. Uh this pal fun custom fair pairs we discussed oh yeah crypto gaming no one cares about it but you can see here there is some you know world of them but no one cares uh guys I think that's it I think that's it I think we covered everything you don't need to know anything else let me just take a few of them you know what Iran and his colleague said let me just open up quickly here we're going to go through because they normally say

37:50 uh smart things I think the market is going to bifurcate when did he write this he wrote it yesterday okay let's read What the these two guys I have like a special monitor for what they write because here your my IQ gets higher when I read this. When I read Hunter Biden laptop my IQ gets lower. So I want my IQ go up. [laughter] Let's see what they what they say.

38:11 I think the market is going to bifrocate and even though a lot of people think Bass has lost I don't think it has. Brian and Vlad are playing to their strength. Vlad built Robin Hood around retail. Okay. He understands the dig retail archetype well. Brian spent years convincing the world why Bitcoin matters and how crypto can unlock financial freedom.

38:33 He willed crypto to the world when most were against it. Okay. So he's also spent years in Silicon Valley around founders. So catering to startups via commerce through Shopify, stablecoin payments and agents. Okay. Yeah, maybe that's that's what the base is going to do that is going to be for start man just build on Salana payments stable coins is biggest on Solana okay what does mean I think we're going to see two massive markets develop with different users potentially guys but no startups are building on bass why

39:06 would you build on base you can build on Solana okay it's the same is better more people have a phantom wallet than they have configured their L2 to be on uh base so Yeah, I mean just my BS um uh radar. Sometimes these guys say smart things sometimes. I mean I still respect the opinion. Maybe it's correct. Maybe it's correct. At the same time, why would the founders say, "Oh, no.

39:26 I only accept USDC on base because I like Jesse. I like Brian. Why would this retard?" You would say, "I accept everything. Here's my salon address because most most nines are there. Here's my ETH. Here's my all of the guys L2s." I mean, like we do in Bull Mania, people want to pay. We give them here's our ERC20 address like you know ETH address EVM pay from whatever you want [laughter] any L2 we're going to come to your L2 we're going to just we don't care where you pay you know sometimes someone pays on base some

39:58 someone sometimes pays on bass you know sometimes uh there was even a guy who paid on Robin Hood the other day I was like man okay the first guy uh most people pay on soul most people pay on soul or they pay on um native ETH ETH1 ETHL one and soul number one with soul being number one then ethl one number two and all of the for guys sell twos are later on but man I'm happy some some guys pay on other I even have an other wallet [snorts] we haven't blew many other wallet set up we're going to be where wherever you are

40:27 wherever you we're going to go and adopt that freaking chain for you okay we're going to do it because we're we're adopters we are innovators we're everywhere so we went from falling failing to count number of ars and strawberry to solving oh Guys, this one is interesting. This is about AI. You remember in the early days of Chad GPT, if you asked it how many Rs are in Strawberry, it could not solve it.

40:51 And now we have Millennium Price problem solved in under two years. Potentially, potentially it was stolen. It was plagiarized. But uh on a big level, this statement is true. The biggest difference between Bitcoin and Zcash in my opinion is not privacy or quantum resistance, but the fact that the latter is capable of changes and the former is not. And this is a trade-off rather than a strict superiority.

41:14 Oification of Bitcoin does not sorry does offer stronger guarantee of immutability and fixed supply. Whereas Zcash can better adapt to to latest stress. Yeah. Yeah. True. True. Demis Hasabi stepping down to let a couple of pathological Yeah. some AI stuff here. You can uh check more. Introducing new Oh, yeah. It's an ad for their VC stuff. You got a dream.

41:41 >> We're not. >> You got to protect it. >> Sorry. Sorry. Sorry. Sorry. Sorry. Sorry. Yes. Sorry. Sorry. Sorry. Headphone users, are you with us? Headphone users? Are you with us? Check. Check. Oh, yes. Let's go to Q&A. We have We have Yeah, we can do 10 minutes Q&A. Easy. And big shout out to Dab. Always always big shout out to Sorry to Guzman today.

42:04 Today is Guzman. Guzman Guzman. and go to bull media newsletter. Second link in description. First link in description is for all of you guys who are high ticket mfers. You know what it is? Uh you go here to the first link. If you don't know what it is, don't even go there. Don't even go there. If you listen, this is a very we don't accept anyone just because they like watched the channel for a long time.

42:27 And I I love everyone who watches the channel. We appreciate. But for job, you know, some people like I Ivan, I watch you a long time. It's fantastic. that we need real professionals here who have a lot of experience and basically experience matters. Okay, experience matters. Uh in the past uh you know we we have made sometimes mistakes in the past because we hire someone because you know they they love the channel and it's good it's good but it's just you know the result is normally not as strong at the end of the day.

42:52 It needs to be professionals always always professionals always always massive tracker it's very very important. So for this position that's important. Uh but again I appreciate when people say Ivan I want to apply for a job because I watched so long. I appreciate I appreciate I mean it's fantastic. It's fantastic but we cannot hire based on that. We cannot hire based on that.

43:09 We can have kumbaya based on that. We can have like maybe a meetup based on that. We can have you you guys here in the comment section and we're hanging out based on that. We can have based on that. But uh for hiring we cannot have based on that. We cannot have based on based on that. At least not for not not for this role. There are some roles where this will work like you know support agent then then then it may work then it may work but for this level it doesn't work guys let's go to Q&A questions answers debates

43:35 discussions big big shout out to everyone smash up the like and let's go Ivan if Kevin increases the rates is this going to be to penalize the US treasuries uh money getting expensive so the yield gets higher uh yeah I mean interesting question I think it could go both ways. It's it's a bit hard to see. This is why I'm humble enough to say that it's too complex to model.

44:02 And by the way, no one knows. No one knows. No, no one knows what's going to happen. We can just guess. But it's a bit too complex to model. So that's why we don't trade based on it. But here is uh here are the scenarios. There is an argument to be made that the world like the the financial world is gonna reward is going to reward us for raising rates because they are fighting inflation.

44:25 So the world the financial world who buys US treasuries may see that huh he is actually serious. He's actually responsible. He wants to fight inflation. They're not just printing money and giving to everyone and you know easing and making money cheap here. They are actually responsible. They they have a stance against Trump, against the politics, against the administration and they do the responsible thing uh which may increase the trust in US bonds um 100%.

44:59 It may increase the trust in US bonds at the same time it may hurt growth. At the same time, it may have negative consequences for business. Uh, which is bad for the economy and that may also not be that great for for bonds long term. But I mean, if I look at it, if they increase a bit, uh, the story makes perfect sense. The story makes perfect sense.

45:24 But, uh, politically it's very bad. For Trump, it's very bad. [laughter] Trump needs the midterms. I mean, for Trump, it's very bad. But uh uh to increase and to be responsible and to I think the the the overall bond market uh probably will like it. Uh that that's my guess that they will probably like that the the Treasury sorry the Fed chair is responsible that the Fed is responsible.

45:51 So yeah it's it's a balance. It's a balance but to model it out exactly how it's going to be who the hell knows. Who knows? It's uh overall I think that if they increase I don't think it will have a big impact on uh uh on crypto guys. I don't think so because we already down for a year. Okay. So they increase so so what we already had bare market. Uh if they increase a bit okay um I don't think it matters [snorts] for crypto where we are now in crypto.

46:17 I don't think it matters. Uh we're now in a a situation where bad news don't dump us because we dumped already so much and good news will pump us and it was vice versa in the in the last uh uh in Q4. In Q4 let's actually see what happened here. Oh guys, this is very interesting. I hope we have the correct data here because check check this check this check this.

46:47 Uh this is guys I I hope we have the correct data potentially. Well, I'll have to double check this, but you see in the money line, we actually have this interest rate data. And you see when Bitcoin entered bull trend in 2023, they actually increase the rates. They had like one, two, three, four. Let me quickly double check this because it was a while ago I checked it and you know with software sometimes you don't check the software it like becomes buggy.

47:18 This this this labels it was long time ago I checked it. Uh here let me just quickly double check if this is correct still. Uh are these uh interest rate labels correct? C dates on the x-axis. Let me just double check. You see at the end of the bear it doesn't really matter what they do doesn't really matter. We already had the bear. We already had the bear.

47:54 So when they when we go bull is bullish even if they increase a bit. Okay. So yeah I I will check the here with cloud. One second. I what do you think about Tao? You are computer scientist. So I want your technical insight. Don't worry about the technical insight. You need to worry about the outcome. You need to worry about the outcome with uh the uh with the usage and adoption.

48:35 Let's actually check bullmania AI about that because at the end of the day we can discuss technicals for for a very long time but who is actually running models on toao who is using toao uh models running inference happening let me double check Ah yeah. So by the way this interest rate stuff is correct is correct. So you see it went bull trend and and uh they increased in I mean will you buy the iPhone foldable phone for 2K?

49:35 I was actually checking that. I I don't know guys. Um, I mean, one of the use cases for the iPhone is taking pictures. That one has worse camera. Uh, uh, yeah, I'm still I'm still I'm still trying to figure out if I want that foldable. Also, I mean, to me, the foldable it looks ghetto. Maybe it is good. Maybe it is good. But whenever I see someone, you know, with this foldable stuff, you know, some Samsung stuff, I don't like it.

49:59 I don't like it. And uh yeah it's uh it is interesting with uh it's no hypo people love this foldable I mean it see it seems to be that the reception is very good but for me this foldable I don't know may I I'll check it I'll check it how it looks in in person but you know it's foldable so it has like a it has a valley in the middle so yeah let's let's see for now I don't want to buy it I don't want to buy now.

50:33 But if it's I mean I'm I'm thinking maybe it is nice for uh for example I I hate writing on the phone. I hate writing on on iPhone. I hate like I hate typing. I hate typing. I hate typing on phone. Uh maybe if it's bigger and I can use the pen maybe it's good. I don't know. What are your opinions about injective for me? Chart looks pretty bullish. Made more than 10x with last cycle.

51:11 Yeah, let's check injective. Let's let me also see where the where the tow guy is. Oh yeah, here he is. So, uh let me check injective in a moment. Let me just get back to the style adoption because when it when it comes to uh all AI like now the biggest question is is there any inference running you know in the past uh let me give you a bit of history about AI uh AI space and like crypto and AI and what we've been doing in crypto and AI.

51:43 So in the past there were some projects who tried to do like you know decentralized network for training we share training data yada yada that is that use case is basically dead now because you have now open source models that are so good some of them are from China for you to have a decentralized network that trains a model and has training data that is better than what's coming out there it's forget it now the use case is that all of these models are there open source models are there how the hell we run the open

52:13 source models? How the hell we run the open source models so that uh they're available and because a lot of them require a lot of hardware big GPU GPU is expensive. So let's see what to doing. Short answer specialized work is running across the subnets. The honest caveat from the community is that bit tensor is still stronger at internal competition and okay so what is this?

52:40 They're stronger at winning internal competition. What does this mean than broader crypto inference? See, Venice, they have a maybe what it means is that they're still like trying to figure stuff out. You know, what they're going to be used for exactly here. Here, uh, with Venice, they do inference. Inference means that they run the model and you can use the model.

53:03 They run open source model. I I actually I hate the word inference because it's the c is the is the geek name for something that's very simple just running the model. Oh no, we're doing inference. Man, you're hosting an API for the model. Okay, I don't like the word inference. It sounds too complex for what it is. Inference means that you just run the effing model.

53:23 Nothing more. You don't do anything else. You run model and you have API where people can chat with model. That's it. That's it. That's it. So Venice is doing that. Venice is just hosting the models and it's like this decentralized yada yada. Bit tensor what the hell do they even do? Bit tensor is is not giant clone. It's marketplace subnets. Okay. Miners contribute.

53:47 So is it used because it should be used like like there's no tomorrow. There's subnet YC for a maybe they over complicate too much that's why they don't pump. They over complicate you know LM compression in production. Okay. So listen it is interesting maybe they find something but clearly they haven't really found this you know perfect product market fit which uh everyone understands and it just moves builders run specialized markets okay why why so complex man why so complex just do like variance run the open source

54:22 models there are open source models for all of this all of this you have open source models all of this 3D there are open source models that can do it and you will never like this, you know, build this trans how they going to compete with everything open source coming out. How they going to compete with ch for with Chinese models? How they going to compete?

54:39 They cannot compete. So anyway, uh some um some thoughts there, but all in all, just look at the freaking price. If it explodes, good. If it explodes, good. But I think they're just they're not really kind of like Hunter Biden with his laptop. Not really in tune with the market here. They're also not really like perfectly in tune with what's needed.

54:59 What's needed now is freaking inference. it is that I can go to uh hugging face here and I'm just telling you that as you know AI user and all of these models let's have crypto networks that run all of them like some of them are very uh uh hardware require have very high like this quen for example this Chinese I can tell you one thing this Chinese quen it can do everything this subnets do in Tao a million times better I can always make that bet this quen thing will eat all of this uh specialized market subnets for

55:30 dinner, okay, and will not even notice. Okay, this quen but this quen thing requires insane uh hardware to run and so what crypto should do is to just run this in some decentralized way where it's yeah it's available it's uh some network runs it coins are used for compens compensating people that run it and we can all use this in an easy way okay that that's how I see the AI market right now uh yeah that's that and then another guy asked about injective let's let's see injective injective.

56:11 Yeah, not not bad actually. Quite okay. Quite okay. Uh it's above the bull flip. It It looks okay. It looks okay. Especially if you can get above this. Very nice. Looks good. After a massive dump is a new bull trend. It has come down a bit, but now coming back above it likely continue higher. Good. So, I think it looked bullish. I think it looks bullish.

56:37 Guys, that's it. Thank you very much for being here. We are almost at 1 hour 56 minutes. Number one, go to the second link in description for newsletter. Very, very important. If you are a high ticket closer, go to the first link in description. Very important. If you don't know what high ticket closer is, if you are a normal sales guy selling HVAC, don't don't click there.

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57:19 Don't apply. For example, for example, guys, fantastic. We're Thursday. Thursday is ending. Big shout out to Guzman. Smash up the like. Subscribe. See you all very very very soon. We're going to be back tomorrow. Exactly. Back tomorrow. Enjoy your Thursday and goodbye guys. Goodbye. Goodbye. Goodbye. See you. See zoo.