Bitcoin Just Gave the Final Bull Market Confirmation! (Prepare) Transcript, AI Summary & Key Points

00:01 That move that we saw yesterday in Bitcoin  wasn't just an ordinary move. I mean, this little green candle over here looks  like a small little green candle. But let me tell you that the meaning of  this green candle is much, much, much more than meets the eye here. And I'm going  to explain to you exactly why I see it that way. So, first of all, if you look at the chart  structure, it's important to note that this is the first higher high that we've had in  Bitcoin.

00:20 When you get into a bull market, what you want is you want a series  of higher highs and then higher lows. This is the first time that we've actually had a  higher high in Bitcoin. So that's a big, big, big, big, big move, right? The next thing about it is  that if you look at this trend line since 2021, so this is a trend line since the top in  2021, and it's a slightly upward sloping trend line.

00:43 We actually broke above that  trend line for the first time since 2021. But that's not the biggest thing that  I'm watching in this move. The biggest thing and the most significant thing in this  move by far, by far, by far is the fact that if you look at this yellow line over here,  we broke above the yellow line over here, and we broke above it with force, and we broke  above it decisively.

01:07 I've been talking to you about that line for a long time because that line  is the 50-week moving average. And what I've said to you about the 50-week moving average  is pretty simple, right? In a bull market, once we break the 50-week moving average  with force, when you see like we had in 2023, just after the bear market, we broke through it  with force.

01:33 And once we broke through it with force, we actually never came back. We never came  back until the end, definitively the end of the bull market. And it's a very similar picture  here in the bull market before. We did have a little break below during COVID, but otherwise,  every time that we've broken through the 50-week moving average decisively, that actually begins  the bull market, and we never ever go back below that until we get to the end of the bull market.

02:00 And so maybe this time it's no different because this time we actually broke through the 50-week  moving average with this big green candle, and we broke through it pretty much decisively on the  weekly, and that's pretty much where we're at now. If you want to ask, "Okay, well, what happened?  Why did we actually break through it?" If you need fundamental reasons to break it, I'll quickly give  you the fundamental breakdown.

02:21 During the weekend, there were some talks about, or the US threatened  that they were going to invade Iran again, and they basically warned the embassies, people in the  countries, to close their embassies, move people out, etc., etc. And then on Monday morning, they  were like, "Oh no, no, everything's fine," and Iran's going to open the Strait of Hormuz.

02:40 Iran  has informed the Trump administration that it'll open the blocked Strait of Hormuz. And basically,  that's what's happening. I'd love to get my views on this. It would be very cool if we have views.  Yeah, so that's basically what happened, right? On the weekend, on the traditional normal Saturdays  and Sundays, we basically got Trump stirring up a storm, and then on the Monday, everything went  back to normal.

03:03 And if you look at the price chart, basically what you can see is that the  oil price chart basically started to collapse from that top trend line over here. And that's  basically what started the move up for Bitcoin. If you're looking for the catalyst, that was  the catalyst that we needed to get us basically going. And that was the thing that gave us this  massive green candle because on Sunday night, we actually closed the weekly candle.

03:30 It actually  closed at $81,000, and that actually closed above the 50-week moving average. But the thing that  we were looking for is we weren't looking for the close above the 50-week moving average.  We were looking for that close that basically gets it running really, really, really fast.  And that's the close that we're looking for. And so now I'm more convinced than ever that we're  in a bull market.

03:49 I'm not the only one. Even the biggest naysayers have now turned around. Even Ben  Cowen came out and he basically said, "You know, look, I was wrong. I'm not going to make any  excuses. I deserve to be dunked on." To be honest, though, I don't really believe that Ben Cowen  needs to be dunked on, to be honest, because he's called it pretty much spot on right up until  this point.

04:10 The only thing that he missed was he missed the bottom because he was waiting for the  bottom. And I think that other than that, he's been more right than most people, even after being  wrong about the bottom. I mean, he has been pretty accurate the whole way down. So I think the fact  that he's getting dunked on and getting hate. I mean, okay, he did miss the bottom, and that means  that a lot of his community probably never caught the explosive move on the way up.

04:33 But I mean, on  that note, there are a lot of other people that I know that also, their entire, they were also  waiting for. They had so much conviction, and they were willing to wait for another leg down.  And because they had so much conviction and they were willing to wait for one more leg down, their  communities basically missed generational wealth on the way up.

04:53 And really, in this bull market,  some people have already made generational wealth. You know, if you were in Zcash or if you were  in Venice or any of those, you've already made generational wealth, and the market hasn't even  started yet. And a lot of people, because they were greedy, and ultimately, that's what it is.  It's just greed. It's, you know, instead of buying when we were on the 200-week moving average, which  you kind of know could be a bottom signal.

05:12 If you look at the 200-week moving average over here,  you kind of know that when Bitcoin gets to the 200-week MA, there's a probability that it's going  to bounce. Yes, there was a probability that you could have gone down maybe another $10,000 after  we had come down like $50,000, $60,000, $70,000. There was a probability that you could get another  $10,000 down.

05:31 But if you weren't deploying here when we deployed everything there, I don't know  if you remember, but if you go back to all of our shows, what you remember is that around this line,  we're like, "Listen, just deploy everything. There may be one more leg down, but you know what? If  there is one more leg down, great. You'll ride it. You'll ride it, and you'll hold the tokens  on the way up."

05:47 So now even the biggest names, even the biggest naysayers, even the people that  were waiting for the one more leg down, they're basically saying, "Look, it's the bull market."  You really, really can't argue now that we are very much in a bull structure. Once we break the  50-week moving average, the data basically says that we go higher. So here we went 91% higher from  the 50-week moving average in three weeks.

06:11 Here we went 150% higher from the 50-week moving average  in eight weeks. And here we went 33% higher. And I'm not sure the exact number of weeks. I think  it was a couple of weeks, but we went 33% higher. So generally, when we break that 50-week moving  average, that's actually when you get what did we call it in the thumbnail? Was it enhanced velocity  or what did they call it?

06:36 There was a, they used a fancy word, velocity. Escape velocity. Escape  velocity. Yes. So that's basically when you hit escape velocity, and in all probability, that's  what's going to happen now. In all probability, the real bull market basically just started. So I  know, like, we've had a great time up until now. We used to call that the, not the hurrahs.

06:57 We used  to call that, what did we used to call it? We used to call it the amuse-bouche. The amuse-bouche.  You know what amuse-bouche is? No. You don't know what an amuse-bouche is? It's when you go  to a fancy restaurant, and they give you like a small thing before the food. They give you an  amuse-bouche. A-muse-bouche. Yeah. Look, guys, for those of you who've been here for a long time,  explain to Hardus what an amuse-bouche is.

07:20 It's a single bite-sized complimentary hors d'oeuvre  served at the beginning of a meal to wake up the palate. So, basically what you can say is that up  until now, everything that we've had up until now has been the amuse-bouche. Okay? Now you got  to remember that the amuse-bouche is the bite before the starter. Okay? Before the starter.  Okay? So it's like, you know, like when you go to a fancy restaurant, they give you like that.

07:47 It's like a small, small, small thing. It's like, and it's usually got a fancy name to it with like  lots of, it's the amuse-bouche. Okay. So yeah, McDonald's don't give you an amuse-bouche. It's  only like fancy restaurants. Okay. So this is the amuse-bouche. Now we've gone through  the line here, and now they're going to start serving us starters.

08:09 They're going to start  serving us main course. They're going to start, but it's like, it's not going to be like one  starter. It's like three starters and then three main courses and then three desserts.  So now we have the amuse-bouche served, and now we can get on with the actual meal.  And it's going to be one of those meals where, you know those meals where like you sit down and  like they actually bore you with how long the food takes.

08:30 You know those kind of restaurants, for  people with ADD, they like, we, I like sit, I sit at those like five-star fancy restaurants. My  wife loves them. I sit there. I'm like, "Rubbish, can you bring the food any quicker?" And then like  I go for a walk. I go to the toilet. I check the prices. Okay. For me, like, so that's basically  what this bull market's going to be like, no matter who you are.

08:48 Yeah. And as I said,  I don't think we should dunk on Ben Cowen. Let's talk about a couple of other metrics  and data points. Before we do, though, I'm not exactly on my A-game today because something else  happened this weekend, which I think I need to share with you guys, right? Which is also one of  the reasons that I actually wasn't here yesterday, other than the fact that it was a Jewish holiday.

09:06 But that's what happened to me on the weekend. So here I am. I'm putting on a brave face. Okay.  I'm putting on a brave face. And as you can see, my collarbone is actually broken. My collarbone is  completely broken, funny enough. So if I want to make a move, then this is how, this is basically  how I have, I have to like lean forward. I don't have to do that.

09:29 I'm literally here bringing you  the show. I fell off my horse, and I fell off my horse and cracked my collarbone. So here we go.  I'm, but I am here, and I'm bringing you crypto love and crypto wisdom. So if you are here, all  I'm asking you to do is I need you guys to smash the like button. That's all. I'm just asking you  for a little bit of appreciation.

09:43 It really helps me get distribution of the show. Also keeps  me going. If you only knew the pain I was in. If you only knew the, I'm sitting here. I've  been on painkillers all day. If you only knew how painful this thing is. It's not only that. I  broke that. And then apparently two of the ribs are also broken at the back. Yeah, it's, yeah,  it's very, very, very, very sore.

09:59 Anyway, let's go back to the real breakout, not the breakout  of my ribs or my collarbone. The real breakout, right? Someone says, "Get well." I will get  well, but it'll take six weeks. There's no get well soon. Someone says, "Judo." No, I  fell off a horse. I fell off my horse. Yeah, actually the horse fell, and then I fell onto  the horse. All right.

10:19 That's what happened. Anyway, so when this breakout happened, remember  the thing with Bitcoin is that when the breakout happens, that's actually the best advert for  people to actually be buying more. So, as you can see, the ETFs here, as you can see over here, the  ETFs, we had their biggest day yesterday, right? That was their biggest day since before October  10th.

10:47 So, literally the week before October 10th. Yesterday, the ETFs had their biggest day. You'd  think that smart investors were actually buying before. Someone says, "Ran ragged himself."  I didn't rag myself. I fell off a horse. So, the ETFs had their biggest day since October 10th.  Basically, you'd think that they would be buying when the prices went down, but actually it doesn't  work like that.

11:13 The higher the prices go, the more they actually want to buy. And so now when you  look at the ETFs, which is very, very important, as Jeff Safe basically says, he says the ETF is  back above water for the first time since January. So in January, there was a short period where the  ETF holders were above water. You can see that here. So here actually, yeah, there was a little  short period over here when they touched.

11:36 But now the ETF holders are actually above water for  the first time. You know that when you're above water for the first time, you feel like you  can breathe again, right? You're like, "Okay, now I'm back to normal. Now I've got conviction in  this asset. Now I'm going to carry on buying." So, we're now above very important levels. We're back  above the short-term holders.

11:54 We're back above the ETF cost base, and we are also back above this  thing here, which is called the true mean price. Okay, so that is the true mean price of Bitcoin,  and as Glassnode says, "Bitcoin remains in a bullish regime according to various costing  models and time frames. Price is trading above both the true mean price and the short-term  holder basis.

12:19 Holding above these levels is what has traditionally defined and sustained an  uptrend." So I think the point that I'm trying to make to you guys is that generally you think,  "Okay, because we've got this high, we need to get a correction." But it doesn't actually work that  way. Generally, when you break these levels and you go above these levels, that's actually when  the momentum of the bull market actually starts.

12:43 So when you go to the restaurant, first you get  the amuse-bouche, and then after you get the amuse-bouche, that's when they start bringing you  more food. They don't tell you, "Okay, go home, come back again, you know, we're going to have  a correction." No, no, no, that's when the food actually starts to come. Someone here says, "We're  also above sellers' average buy price."

12:55 Yes, we are. But I want to show you something  above that. Right before we get there, though, the MVRV has also turned. So that's the MVRV.  Now what you can see is that the MVRV actually, as this tweet basically says, it says the MVRV has  returned to the one-year average, which improves portfolio P&L and thus improves sentiment.  Momentum flips around the inflection point.

13:18 Now, let's look at where the inflection point is.  So there we are. There we've broken through the MVRV over there, and you can just see the green  over there. Now, generally when we get into the green part of it over here, that's generally  when we have these green bull markets. So that is where we're at. And I think the point that I  want to try and make to you, or the first point that I want to try and make to you today, is that  generally when the train starts, that's when more passengers want to get onto this

13:48 train. It's quite  a weird train, this train. The fuller it gets, the more people want to get on the train. Weird  train, but you know, that's how it is. I mean, it's supposed to be the other way around.  You know, there's that meme that says, "You buy everything on sale." Look, clothing,  you go and buy your clothing on sale. Food, if there's a sale, you go and buy it on sale.

14:05 Investments is the one thing you don't buy on sale, which is like, it's crazy weird, but  that's just the way it happens. Investments, it's the other way around. The higher the price  goes, the more people want to buy more, and then they do buy more, etc., etc. I wish I had more  money to buy more. I don't have any more money to buy more. We'll talk about that.

14:21 We'll talk about  what I'm doing as a result in a second because I think it's what I'm going to show you today. It's  very important that you guys also actually do. So, that's where we're at. The encouraging  thing for me is that we are here at $86,000 on Bitcoin or $85,800 on Bitcoin. And that is  a real $85,800. And when I say a real $85,800, there is no Saylor involved here.

14:46 There is  no Saylor involved here. Saylor hasn't been the buyer. He hasn't been the one actually buying  Bitcoin up. Now, I kept saying to you guys in the previous, I'm not going to call it a bull market,  but the last time we had a Bitcoin uptrend. And I kept saying to you, "I don't like this uptrend  because the uptrend is being driven by Saylor, and it's one buyer, and it's not a real buyer,  and he's trying to single-handedly prop up the market."

15:11 But today, when you look at this bull  market, actually, Saylor is insignificant. Now, I won't say he's not a buyer because he actually  did buy 950 Bitcoin last week, which he reported yesterday. But more importantly, he actually went  and bought more of his own STRC stock. So if you look at what's going on here, at one point he had  over $10.5 billion worth of STRC in circulation, which he is now redeeming.

15:46 So effectively, he  has now spent $1.124 billion redeeming his own STRC. So he sold STRC to the market, and now  he's buying them back at the market. So he sold them when the Bitcoin price, I think now  he's probably at like a good break-even price, and now he's buying back STRC, and STRC hasn't  pegged yet, which makes for a very healthy bull market because it's a bull market without Saylor,  without Saylor and the STRC buying.

16:13 But also, when he does get there, if he can continue to sell  STRC to market, then he may add a little bit of jet fuel to the actual market. So, that's pretty  much where we're at with Bitcoin. Yeah, we're at $85,000. We've broken through the 200-week moving  average. Everything is amazing. Everything is amazing except my shoulder. My shoulder is very  sore.

16:43 But otherwise, everything is amazing. I do want to speak about something more amazing,  and that for me is the altcoins because you know that my thesis around this bull market is that the  last couple of bull markets were all Bitcoin, but this bull market is actually all about altcoins.  You can't really see it in the Bitcoin dominance because the Bitcoin dominance has actually been  on a sideways move since it dropped from 65, you know, since, well, let's see what the highest  was here.

17:10 It's been basically a sideways move because Bitcoin dominance is too much  of a wide measure. The metrics that I'm actually looking at are two things. The  first thing is if you look at "others," okay, "others" are the other big altcoins, right? The,  so it's crypto market cap excluding the top 10, which is the altcoins excluding the top 10.  They've just broken out.

17:31 But more importantly, more importantly, if you look at their chart  against Bitcoin, you know that my whole thesis is that we're going to go up all the way. We're  going to follow this kind. We've just started the upward trend, and we're going to go all the way up  here, and we're going to get like a 7x return of the altcoins against Bitcoin. And when I say the  altcoins, I mean excluding the top 10 altcoins.

17:58 So excluding ETH, excluding the top 10 altcoins,  which means that this is going to be very much an altcoin-driven bull market. You can actually  already see it. So the first thing is that the "others" has just broken out, and that breakout  is like a breakout since December 2024. But more importantly, if you look at how the quality alts  are performing against Bitcoin, you're getting a class of alts that are completely outperforming  Bitcoin.

18:20 Now the good thing is that we've caught most of them, right? We've caught most of them, to  be pretty honest. I think the one that we missed, which was a real faux pas, now that we're doing  all these French things like amuse-bouche and faux pas. The one of the faux pas we made  was Uniswap. We should have bought Uniswap, and it was on my list, but I just wasn't  focused.

18:40 But otherwise, all the rest, we pretty much caught the ones that actually  outperform Bitcoin. Zcash, Hyperliquid, Lighter. Even TAO started to outperform Bitcoin. Now just  broke out. So that's the TAO chart. TAO's been one of those ones that's been tormenting us because  we had it in our portfolios for a long time, and it didn't break out. It didn't break out.

19:01 It  didn't break out, and then eventually like last night in Front Runners or in the 24/7 research,  I was like, "Guys, you won't believe it. Finally, finally, finally, we got the breakout of TAO."  Actually, the breakout of TAO came on a day where there's been a breakout of the AI tokens, right?  So I mean TAO wasn't the only one. There was also GRASS.

19:23 I don't know if you guys saw GRASS.  GRASS also had a breakout. Again, it's all these tokens that have product market fit. They  have revenues, and they have a way of passing revenue back or will have a way of passing revenue  back to their holders. Right? So, if you look at GRASS's revenue over here, you can see there, like  their revenue is real. They got like, they talk about period one and period two.

19:47 I'm assuming  that's two six-month periods, but $32 million of revenue. $32 million of revenue. So, another  AI business that basically has revenues. Now, I'm not sure if they have a methodology of buying  and burning research. Is there a buy and burn for GRASS? I'm not sure if there is. If there isn't,  that's a good thing also. We'll talk about that.

20:11 Anyway, so this is a tweet that I think is  pretty important. It comes from this guy called Jeff Dorman, and he says, "Counter,  there's only a handful of crypto assets that are meaningfully higher year to date,  which is the first column, and you know, in these he talks about the first column, and  those are the highest revenue-generating assets with the best tokenomics.

20:27 The reality is that  most assets are only up a modest amount since the July one lows. Looking back further to October  2025, most assets are still down 30 to 50%." Okay, I would hardly call this euphoric, and I agree.  I don't think we're anywhere near euphoria, right? I do believe we are in the amuse-bouche  of the bull market. We're not in the euphoria.

20:51 We're not like in the middle of the meal yet.  We are in the beginning of the bull market. So, does that mean now that you should be buying  like crazy? No. The answer is absolutely not. The time to be buying like crazy was here. The  time to be buying like crazy was when we were at the 200-week moving average, and we were all  deploying our money. And if you missed that, then you should have been deploying up until now.

21:15 Right now, I'm not saying that we're not going to go up. I'm just saying that your risk to return is  actually not as good as it was when that happened. So, it comes down to how long you intend to hold  things for, right? If you intend to hold back to. Someone says, "No buyback and burns." No buyback  and burns on GRASS. Okay, so just so you know, there's no buyback and burns yet.

21:39 Those are  the best. And the reason why those tokens are the best is because when there's no buyback and  burn, we know that one day there may be a buyback and burn. And when they switch back to the buyback  and burn, that's when the token actually explodes. Anyway, going back to it. So, what am  I doing? What am I doing right now? So, I'm doing something which I really, really,  really recommend that you guys do as well.

22:05 And I did it, to be honest, for the first time  on the weekend where I actually told my traders, "Hey, take profits and take profits from our best  positions," okay? Which is like weird. Generally, we hold our best positions forever. We never sell,  etc., etc. But I'm doing it slightly different this time. I don't know if you guys remember  the cash meter, and the cash meter basically is, it's very simple, right?

22:27 As the market goes up,  you accumulate cash. As the market goes down, you deploy the cash. And I know that it doesn't feel  like it because you actually want to deploy the cash as the market goes up, right? But what I want  you to try and do is like right now the markets are flying. Start taking a little bit off the top  of every position. So I took off like, I'm going to give it to you figuratively because I don't  want to reveal actual amounts, but I was like, "Take $1,000 off SUI, take $1,000 off Arbitrum,  take

22:50 $1,000 off Ethena, take $1,000 off Zcash." Just take it and put it into a cash wallet. Now,  it's, I mean, it's not a big amount. It's a tiny, tiny, tiny amount off the top, but when you add it  across a whole lot of coins, right? And generally, I took cash off the ones that had already run. So,  I took a little bit of cash off Zcash. I took a little bit of cash off Solana because Solana had a  good pump.

23:16 I took a lot of cash off Hyperliquid. I took a little bit of cash off Lighter, even  though I'm trying to build a position in Lighter. I'm trying to increase my position  in Lighter because I had made so much money on Lighter because remember we got in at like $2  even before, I mean, the first call was at $2.24, but then it went down, right? Someone says, "A  cool is a cool dashboard is cool dashboard."

23:33 Hey, the researchers, the research finally learned  to do AI right. They finally used to like draw, make a drawing on AI. Now they're like giving  themselves kudos here. Anyway, we bought, there's a lot of ADD going on in this show.  There's a lot of ADD. Lots of ADD in this show again. What the heck? Someone says, "Who the  heck is taking money out when the market starts moving?"

24:00 Just trust me on this. Trust me on this  because I've made this mistake for three cycles in a row. When the market goes up, the market's  gone up. The market's had a heck of a run. I'm not telling you to take profits and sell 30% of your  position. I'm saying just take 5% off the top. Take 3% and just collect 3% and just put it into  a wallet. And if it goes for another leg up, just take another 3% and put it into a wallet,  right?

24:22 And that way you've got some dry powder when the inevitable, when the inevitable pump  comes. Now, I got this guy. He's a great guy. His name is Jonno. You should actually meet  him. His name's Jonno. He's a gym trainer, but one of the most successful gym trainers. He  says, he keeps texting me saying, "Should I buy now? Should I buy now?" The answer is no.

24:44 The  answer is right now you're riding your profits, and you're taking a little bit off the top,  and you're putting it into a clean wallet, and you're holding it there. And you know what? If the  market carries on going up, that's cool. You got money in a wallet there. You've got a very small  percentage of your wealth in a wallet. But if the market comes down, huh, you got money to buy.

25:01 So, right now, we're increasing our cash meter, right? And for the first time in this cycle, I  actually took money off the winners. I never take money off the winners. I just hold them and hold  them and hold them. But after a run like this, I'm just taking a little bit off, putting three, four,  5% into a wallet, and then I'm going to chill, sit back and chill.

25:17 And you know what's going  to happen? I might suffer for a long time, but ultimately an opportunity is going to come. And  that's when I'm going to be able to deploy that money. And I recommend that you do the same. So,  the first concept or the first thing that I want you guys to do is I want you to start if you've  made money, if you've been following us since the beginning, if you started and you got into all our  calls when we actually gave you the calls, I mean, you're up, you're up 900% on Zcash, you're even  up

25:39 20% on ETH, you're up 80% on your Solana call, you're up 218% on Hyperliquid call, you're up  over 100%. I mean, this is where we're at. And, you know, people may say, "No, you're not." We  have the receipts to prove it. Everything is in our Discord group. You've also been watching my  show, pretty transparent on my show that that's when I was actually buying all these things,  right?

26:00 So, the idea is to say, someone says, "Shill." I mean, shill to shill for you guys to  take profits. That's what I'm telling you guys to take profits today. So you want to take, you, so  these calls were actually all public on the show, and they were all public in our Discord group. I  did give you guys, and I'll keep the offer open, there's two weeks free if you look on the Discord.

26:22 They were all public in our, so you can join the Discord group for free over here. Just go to  24/7 research, two weeks free. Join for free. Everything's in there. All our trades, everything  we open, everything we close. There's like 10 of us that are basically doing it. And they're  all there. And we've made a lot of cash. Now, if you've made that much cash on each one of  the calls, if you take 3% of your portfolio and you put it into cash, and you're sitting, you're  sitting in cash on the side, I promise you

26:46 there's going to be a use for that cash at some point.  Not, I'll even tell you what the thing, someone says, "Bullish on the clavicular bone." It is, it  is that bloody clavicular bone. Dude, can you know how to fix it because it's very, very, very sore.  So if you know how to fix it, that would also be really good because then I wouldn't have to sit  here in pain doing a show.

27:07 Also, it's also two ribs. Every time I blow my nose or I cough or I  laugh or I sneeze, the ribs come. Yeah. So it's, it's terrible. You cannot imagine the pain  that I'm actually in right now. You cannot even imagine. Cool. So, that's the thing. That's the  first thing that I wanted to talk to you about. The next thing I want to talk to you about is  something that you guys don't appreciate enough, and I think it's very important that we  actually have this discussion.

27:30 It's called opportunity cost. Okay, for those of you  who don't know what opportunity cost is, let me try and get you an actual definition. Like,  I got you a definition of an amuse-bouche. Okay, let me get you an actual definition. Opportunity  cost. Okay. So, an opportunity cost is the value of the next best alternative you give up when  making a choice.

27:56 Okay? So, why am I talking to you about opportunity cost today? Because your  time is finite, and your capital is finite, right? But more importantly, your time is finite.  And in a world where there are 50 million coins, if you spend your time and effort and energy  getting into the wrong coins, when I say the wrong coins, coins without fundamentals, coins that  you hear about on Twitter, or X, without actually doing actual research and stuff like that, you  could use that same amount of time and effort and energy

28:30 actually researching real coins with real  fundamentals. So the problem is that when you buy shiny objects, right, the problem is not that  you've bought the shiny object because chances are when the market pulls back, the shiny object  will also pull back. The problem is that you could have spent that time and you could have spent  that money on something that wasn't just a shiny object.

28:53 And that's why for me, there are so many  opportunities now. There's meme coins. There's, there's, there's tons of other opportunities. I'm  choosing to focus my energies on the coins with real fundamentals because the market's already  telling me that those are the coins which will lead this bull market. And if those are the  coins that are going to lead the bull market, then that's what I want to be spending my time on.

29:12 Why? Not only because when the market pulls back, the ones without fundamentals and the meme  coins are going to pull back the most, right? But because the time that I spend researching  memecoins, for example, is the same amount of time that I could have spent researching things  with fundamentals. Now, does that mean that I'm against meme coins? No.

29:32 Actually, I hold a  few meme coins just for such, for fun and games. But it's a very, very, very small part  of my portfolio. Why? Because I know that the same amount of time that I can spend following  influencers in the trenches and stuff like that, right? is the same amount of time that I could  be researching the actual infrastructure coins, right?

29:55 The actual infrastructure coins  that power the memecoin community. So, the meme coins are going to go up, and they're  going to go to zero, and they're going to go up, and they're going to go to zero. But, for  example, Raydium where all the meme coins are traded. That's going to keep going up. The more  meme coins, the more it's going to go up. Same thing with pump.fun.

30:09 Same thing with all those  other ones. So, yes, I am playing the meme coins, but I'm playing it slightly different. I'm playing  it by buying the infrastructure coins. And yes, I do get FOMO when I see these big P&Ls, but  I do know from being here for multi-cycles that the people with the big P&Ls in the actual  meme coins themselves, they're not going to walk away with that money.

30:29 I'm willing to guarantee you  they're not going to walk away with that money. And if you were here last cycle, right, if you  were here last cycle, you would know that. Sorry, hold on. Let me just clean this here. Let's just  show you something over here. Yeah, so that is, that is the thing. Opportunity. I want you  to remember a few things. The first thing is amuse-bouche, we're at the beginning.

30:51 The second  thing I want you to remember is opportunity cost. Every minute that you spend researching the wrong  kind of coin or focusing your energy in the wrong direction is a minute that you could have spent  in the right coin. Now, in previous crypto cycles where protocols weren't revenue generating, and  they weren't giving money back to their holders, etc., etc., I would say, "You know what, maybe  that was an okay use of your time."

31:11 But not this time around. Because every minute that  you waste this time around is you're wasting it in what I'm calling crypto's first real bull  market. And you cannot be left behind in crypto's first real bull market when you've got all these  revenue-generating protocols. And that's the stuff that I'm trying to bring you every single day. You  see that I'm not talking about, I'm talking about the stuff with revenue, the stuff with actual  users.

31:36 We're breaking it down. We're analyzing the burn. That's why there's 10 or 12 of us actually  doing it. That's why we all live in the Discord, and I'm giving you guys two weeks free in the  Discord. Join. If you don't like it, just leave. It's as simple as that, guys. It really is. Yes.  Also remember to take out a little bit of cash. Okay. Lastly, before we go, remember if you  are in America, in America, and you want to trade perpetuals, right?

32:02 In America, you can  trade perpetuals legally in America. Now, you do this on Kalshi. Granted, their revenue is  not, their leverage is not as big as the leverage as you can get on like a Bybit or all these other  things, but you can trade in pro mode, as you can see, and you can, yeah, you can trade in pro mode,  and you get like 6.something leverage, and they keep adding more coins, and they keep adding more  leverage.

32:28 Now, this is only for people that are in America, okay? If you're in America, Murica,  in America. If you are in America, then you can actually trade this. Now, we have heard that  there's some other channels that are giving away $1,000 for people that sign up with their Kalshi  link. So, we decided to give away $5,000. So, we're going to airdrop $5,000 into some lucky  account that uses our link to open their account on Kalshi.

32:54 So, if you're American, you've got  between today and Friday because on Friday, I'm going to Korea if my collarbone allows.  If the doctor says I can, then I'm going to go to Korea. But otherwise, you've got until Friday  to open an account on Kalshi to deposit money. Even if you deposit $10, if you deposit $50, you  get a, is it $50, you get $25 or is it $25 and you get $50?

33:17 I forgot. You get a $25 bonus when  you trade $50. And now there's a $5,000 giveaway, which is exclusive to Ran because Ran's giving you  that giveaway out of his own pocket. So if you're in America, sign up. Sign up before Friday. And  I mean, even just have an, just have an account. That's all you need. Just have an account.  Also, I'm giving away $50,000 to people who sign up on FOMO.

33:41 If you want to trade the meme  coins, but again, you're going to trade it with 2% of your portfolio. Go and do it. I'm giving  $50,000 away if you use that link. All right, my friends. I'm back now. I will see you guys again  tomorrow. Until then, trade well, my friends.