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BITCOIN: BE READY FOR THIS!!!!! 🚨🚨🚨 Transcript, AI Summary & Key Points

Ivan on Tech Β· 2 hours ago Β· Entertainment Β· 46:11 Β· EN

🧠 AI Summary

The SEC is proposing crypto rules that would allow projects to raise up to $5 million through an ICO with limited disclosure, while the Clarity Act remains necessary to make the framework durable. Bitcoin is described as being in a historically cheap buy zone around the 200E moving average, and a gradual DCA strategy is being used while remaining prepared for another leg lower. The discussion connects rising government bond yields and sovereign debt concerns in the US, UK, France, and Germany with potential future liquidity expansion and a bullish long-term case for Bitcoin. The stream also covers the growing availability of uncensored local AI models, portfolio analysis with Bullmania AI, crypto custody risks, taxation, and personal health and dieting.

πŸ”‘ Key Points

  • The SEC says crypto projects may be able to raise up to $5 million through an ICO without extensive registration, provided they disclose what they are doing, their goals, and their ideas.
  • The Clarity Act is described as having only a 10% chance of passing during the year discussed, while SEC rules could be reversed by future administrations.
  • Bitcoin is described as being around the 200E moving average and inside a large green buy zone that is considered historically cheap.
  • A DCA strategy is being used with a minor amount in the buy zone, while remaining prepared to buy lower if Bitcoin makes another leg down.
  • The speaker's Bitcoin target is $300,000, described as a reasonable target that would be barely a 2x increase from the previous high.
  • The speaker says crypto exposure was exited fully on October 8 and that Bitcoin buying has since resumed.
  • The speaker argues that market observation and reaction are preferable to trying to predict the exact bottom.
  • Michael Saylor's AI-generated advertisements are discussed, including ads depicting him as a beaver, speaking German in the Alps, and as a koala in bamboo.
  • About 43,000 Bitcoin worth $2.7 billion was said to have been bought by large holders over the prior 60 days.
  • The AI boom is described as having drawn liquidity away from crypto and into companies including SanDisk and Nvidia, metaphorically taking Bitcoin back toward $65,000.
  • Qwen 3.8 is presented as an uncensored Chinese model that can be downloaded and run locally with sufficient RAM.
  • The discussed local Qwen model had reportedly reached 912,000 downloads, and a model using dual RTX 4090s was described as running locally.
  • Local AI is described as producing instant responses without streamed tokens or a subscription, but requiring substantial electricity and hardware.
  • Bullmania AI is described as providing stream-topic suggestions and open-position portfolio reports.
  • A California state pension fund was said to hold $35 million of MicroStrategy, providing Bitcoin exposure to more than two million state employees through treasury companies.
  • US annualized interest costs are stated as $1.2 trillion, while rising bond yields are attributed to financial markets trusting the US less and demanding higher interest rates.
  • The speaker expects the Federal Reserve to increase liquidity and buy bonds if yields and the yield curve continue rising, while warning that purchases without a credible explanation could trigger more Treasury selling.
  • Global long-term bond yields are described as being at levels that did not exist before Bitcoin, with the UK and France also facing serious sovereign-debt concerns.
  • Anthropic is said to have passed OpenAI in quarterly revenue, reaching $11.6 billion versus OpenAI's $6.7 billion.
  • Stan Druckenmiller's view is discussed that the bond market must signal to Washington that spending needs to be controlled.
  • The 10-year Treasury yield is described as being around 4.7%, near its highest since early 2025.
  • The UK's 10-year gilt yield is stated as 5%, the highest auction rate since 2007, while its 30-year yield is stated as 5.8%, the highest since 1998.
  • France is described as having yields at their highest since 2008, and Germany is also described as experiencing high yields.
  • High government yields are presented as a risk to European stock markets because investors can lend to governments at comparatively high rates.
  • Bitcoin is described as an asset outside individual countries and as a potential protection during sovereign-debt problems.
  • Safe multisig setups can use different signers, including Ledger and Trezor devices, but mistakes can result in phishing or being locked out.
  • For less technical users, centralized exchanges such as Coinbase or Kraken are presented as potentially more practical than self-custody given recent hardware-wallet and phishing risks.
  • The speaker says that reaching 10% body fat would lead to a planned diet book or protocol, with muscle retention supported by progressive overload during a calorie deficit.

βœ… Actionable items

  • Use a gradual DCA approach around the Bitcoin buy zone rather than deploying the full intended amount at once.
  • Remain prepared to buy additional Bitcoin if the market moves lower.
  • React to the market's trend instead of relying on precise bottom predictions.
  • Avoid MicroStrategy exposure until Bitcoin is in a bull trend, according to the speaker's stated approach.
  • Treat AI stocks according to their trend, staying away from stocks in a bear trend and considering stocks that remain in a bull trend.
  • Run local AI models only if the computer has sufficient RAM and hardware, while accounting for electricity costs.
  • Check government bond yields and the yield curve as signals of fiscal and market stress.
  • Keep crypto tax records and accounting in order before using centralized exchange services.
  • Verify wallet domains carefully and avoid sponsored or impersonating search results.
  • Use caution when configuring multisig wallets because mistakes can cause loss of access.
  • Consider reducing or eliminating sugar in drinks and use progressive overload while dieting to help retain muscle.

🧰 Tools & AI usage

AI is used for

  • Download and run Qwen 3.8 locally β€” Use a fast, uncensored AI model without an AI subscription, subject to sufficient RAM and hardware.11:41
  • Generate key topics for a livestream β€” Help prepare a stream by identifying topics that should not be missed.15:59
  • Analyze open positions β€” Produce a report on long and short portfolio positions.16:04
  • Research bond yields in the UK, France, and Germany β€” Assess how government bond yields are developing across major European markets and the US.19:48
  • Use AI for market analysis β€” Integrate local Chinese models into Bullmania AI for analyzing markets.16:25

πŸ”— Links mentioned

πŸ“„ Transcript

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00:00 going live. We're clicking the button as soon as possible. Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin is still at around the 200E moving average, but the SEC is making big, big moves. The SEC is coming out basically saying that you can raise up to $5 million for your ICO for your ICO without being registered to any big extent.

00:28 I mean, basically, you have to disclose. You have to disclose what you're doing. You have to disclose the goal and the idea, but not much else. Not much else. Watch this from Paul Asins where he basically says, "Yeah, listen guys, ICO season 2.0. Let's go. ICO season 2.0." When I took office, I pledged to ensure that the United States remains the crypto capital of the world.

00:54 For too long, issuers and investors had to navigate an activist SEC weaponized against this asset class. The result has been uncertainty and inefficiency, chasing crypto asset innovation outside of the United States. So today, I'm excited to announce that the SEC is taking the most historic step yet to modernize federal securities regulations for crypto assets.

01:21 The United States must and will lead. Our new rule proposal regulation crypto assets will ensure that we do. Now, let me be clear. The SEC continues to support congressional work on the Clarity Act and we expect to see the bill reach the president's desk. Under our current statutory authority, we are acting work before. >> Basically, what he's saying is that the Clarity Act is too slow.

01:48 They don't make any progress. likely this year there will be no clarity act. Clarity act is 10% chance that it will get this year. So Democrats successfully have stopped the clarity act. But the SEC is saying listen crypto is too too important. It's too important to not have great regulation in the US while you guys are trying to figure out the clarity act.

02:11 Let us create rules in the meanwhile in the meanwhile. So these rules that the SEC currently does, regulation crypto assets as they call it, uh they are good but they can be reversed by future administrations. Okay, this is very important. By future administrations, this could be reversed. And why is this so important? Because we now have a very pro- crypto administration.

02:34 In the coming years, if we have another administration which will say, "Hey, Trump had all of these dealings with crypto. Let's go and let's cook crypto. Let's short it and let's go after it. Okay, it may happen. So, it's good that the that the ACC is doing rules. It's going to fuel this coming bull market fantastically. But we need the Clarice Act still.

02:55 We need the Claris Act to ensure that all of these rules are set in place. They're set in stone. But as we're looking at the bull market in the coming few months, the start of a great glorious bull market in the coming few months, we have to mainly look at what's happening to Bitcoin. This regulation from the SEC is going to help this bull market no matter what future administrations are going to do.

03:15 And as you know currently we are DCAing in this beautiful big green buy zone which is moving up together with the 200E moving average. Everything around the 200E moving average is very very very cheap for Bitcoin. Even if it goes lower is still going to be historically extremely cheap. So as you know we exited crypto fully in October. I told you very very clearly on October 8th.

03:39 You can check my timeline. And uh now we're buying back. We're buying back. Bitcoin will go very very high. 300K is my target. I think it's very reasonable that we reach it. It's barely a 2x from the previous high. And that's our plan. Everyone is of course saying one leg lower, one leg lower. Everyone on Twitter is saying one leg lower. And listen, maybe they will be correct.

04:00 We are ready for one leg lower because we're just deploying a minor amount here in the buy zone. We're ready to buy lower also. I just wouldn't be so sure. I just wouldn't be so sure because it is easier to time the top than the bottom. The top is way easier to time than the bottom. The top we saw that the trend was shifting that there was overexuberance.

04:18 The bottom it's all about how long the chop is going to be. It's it can be a few months, can be six months, can be way shorter. So I wouldn't be counting too much on people's accuracy in predicting the bottom. You just have to be humble like we are. We're super humble. We're super humble. We're saying that uh somewhere here is going to be the bottom.

04:38 It's already soon a year after the top. So don't worry too much. Just look at the big grand bullish picture. You have to be thinking like a bull. Otherwise, you're going to be on the sidelines. Okay. The time to be bearish was October. We were bare October. October 8th. Risk off. Sold all the crap coins. Everything. We're out. We're out. We're out. We won the game.

04:56 Now we won the bare game. Okay. We won the bare game. We were bare from October until July. Good. Good. Perfect execution. fantastic results. And why are we so great? Because we're humble. We're just observing the market. We're not trying to predict. We're just seeing what the market is doing and we react based on that. So that's very, very nice. Look here.

05:16 Sailor, I don't know what sailor is doing. I mean, I think Sailor is just vibing at this point. He posted a new AI slop ad where he is. Okay. There there is one where he's a panda. I will show you that later on where he's panda. In this one, he's in a river doing something. Listen to this city. Oh, in this one. He's a beaver. He's a beaver in this one.

06:05 Guys, what else happened? I I think Jason Kalakani said, "Can someone check in on Sailor?" He's I mean, this is from Sailor account. It's not impersonation. It's not someone that post this and without his him retweeting, he is posting this on his account. Now, here's another one where where he's kind of in the Alps speaking German. coins. Bank him for gratus.

06:48 Bitcoin stretch is below 100. Micro strategy stock is getting dumped and dumped and dumped. This guy lo in German gratus >> gratus. And now finally guys, here is where he is the koala that we've been waiting for. swinging in the in the bamboo in the bamboo tree. Let's see what he says. way. Guys, if Stretch goes back to 100, this will be studied. This will be studied as the best the the historical financial advertising, new era of financial advertising that has been taking place.

08:05 I've never seen anything like this. And yeah, looking at Micro Strategy stock, guys, it will pump. Anyway, I just want to be very clear. We're making fun of Sailor in the bear because it's the bear. You should be bare in the bear. We're bear since October. We're making fun of Sailor. But once Bitcoin pumps, his stock is also going to pump. I mean, don't don't get it wrong.

08:21 But I'm not touching Micro Strategy until Bitcoin is in bull trend. And then it's also a question whether you really want to touch it because you can just trade Bitcoin with leverage, which is the same thing. Trading Bitcoin with leverage on buy bit on other exchanges. You can, by the way, see the link below for exchanges I use. It's the same as buying micro strategy, but but you can argue it's a bit better because there you have full control.

08:42 You know what's happening with Sailor? No one knows what's happening. I mean, they are trying to reinvent themselves all the time. Let's see. Let's see. Guys, if you've been watching this channel, you know my opinion on this. Now, look here. Gemini Gemini co-founder Cameron Winklew says it's an unpreented time to buy Bitcoin Dip. That's very, very true.

09:00 And by the way, it's an unpreresent time to say big big thank you to DAB for time stamping us. Number one. Number two, you smash up the like. It's an unprecedented time. And also number three, you go to the first link is in the description for Bull Mania newsletter and you sign up for our free newsletter. It comes every week. It's an unpreented time to get into the newsletter.

09:22 Why? because one of you guys will be getting a free copy of the big profits, the fantastic book that I wrote a few months ago about my biggest loss, how I got into crypto, got mega wrecked, made a lot of money, also got mega wrecked, roundtripked millions and millions and millions, which of course led me to discovery of mechanical rules and so forth.

09:41 So very important, go to bullmania.com/subscribe or just click the first link in description, sign up for the bullmania newsletter. Very, very, very important. And of course, big fat shout out to DAB. Look here. About 43,000 Bitcoin worth 2.7 billion has been bought over the the past 60 days by large large beautifully big holders, says Bloomberg. There you go.

10:08 Wales are accumulating in a very nice way. And look here. Cameron Winkls declares the AI boom has created a time machine to buy Bitcoin at at 65,000 calling it an unprecedented buying opport. That's interesting that the AI boom. Now, first I thought that AI created a time machine and that we all entered the time machine and we got teleported back in price back to 65K.

10:38 But what he's saying here is true. I mean it's actually true that the AI boom has had so much attention on it. It has sucked all of the liquidity from crypto from all your shitcoins are down and it's been put into SanDisk. It's been put into Nvidia. So in that way metaphorically you could say yes indeed AI created a time machine a metaphorical time machine and teleported us back towards 65k.

11:04 We did not get a real-time machine yet. But with the open-source Chinese models, uncensored Chinese models, maybe that's possible because guys, the cracks in AI are starting to happen based on what China is doing. We're still bullish AI. If the stock is bull trend, we're bullish. Some of them are already bare trend. So, we're bullish until they're bare trend.

11:26 But, uh, look at this. You have now free models you can download to your desktop if you have good enough uh memory if you have enough RAM and you can run them and they are uncensored so you can tell them anything basically and uh just watch this watch this is the new stuff from uh from China Quen 3.8 uncensored dude Quen 3.8 complete uncensored is actually crazy.

11:50 Like for example, talking about the web tags, okay, if I go to our cloud and I'm like, okay, find me a torrent of for Spider-Man 4K, the old one with GBD56 Luna, I test this, obviously it's going to refuse, right? Just okay, like you know, I can't help you torrent movies. Then you go and do the same thing to quen 3.8 uncensored. Paste this in. Let's see what it starts doing.

12:15 Start using the our skill. Opens Chrome I guess. Where is it? Here. Goes to 1537X. Opens some new tabs for YTS. I have no clue what side this is. Just, you know, goes straight into it. It's going to eventually find, I guess, some torrent 147x. Okay, it's on there. and just like not caring like it just does stuff. It's crazy, you know. It's it's the the crazy part is like you have entropic and open eye caring so much about safety and then the other side you have like co 3.8 which is like kind of like similarly capable

12:59 and they just don't care. It's like somebody just takes and says hey you know let's do a little bit of RL on, you know, just make the user happy. All the gates go away and you can do this stuff. It's completely crazy. Yeah. >> I don't know about you guys, but when I have an AI model, I want it to just do what I say. I don't want it to preach. I don't want it to teach me morals.

13:24 I don't want it to teach me political gender identity or that something is unsafe. Listen, it's my machine. I know what's safe. You don't know what's safe. I know what is. You You're freaking AI. You do what I say. Okay? I have my own morals. Don't teach me moral. Your moral is not my moral. I have my own moral. So my AI I want just do what the hell I say.

13:50 Okay. And do it exact and uh and just be quiet and do it exactly. For that for that we are currently as we're speaking downloading a Quen. Ah man I think it stopped. Where is my LM studio? I I I was just downloading this Quen thing now on this machine I have in the studio. It says it's a bit too big to run. I I may need to either upgrade my machine or get um get another one just for this local Chinese stuff.

14:19 But basically here in LM Studio, you go to uh to to models to explore. You write Quen Quen, where is the where's the beautiful Quen? Here, here. Quen Quen. And then you want this one 70 27 the latest one four days ago. You see four days ago. See how many people download? 912,000 downloads in this Quen and you can run it locally. No AI subscription. Obviously, you're going to pay a lot of electricity.

14:46 You're going to pay. You also need a big fat machine. If you click here for my machine, it says too large. But I'm still down. You see, we're we're 43% through the download. I still got to try running it on this one. And then if it doesn't work, I'll uh I'll get another one with with more RAM. But so yeah. Uh why is this so important, guys? because people are saying is the first domino first domino in the uh in the AI uh collapse collapse we don't know if it's going to collapse we don't know if it's when so we're

15:17 bullish until bull trend but keep an eye here keep an eye here on what's happening with the Chinese oppus level intelligence running fully local at home on dual RTX 4090s quen 3.8 eight. This is the one we just uh checked. And you see also once you start using local AI, you'll notice that it's freaking instant. It's like everything. It just that stuff is freaking instant.

15:36 Instant instant instant result. Super fast reply. You don't have to wait. No streaming token. So, as you know, as we are a bit of an AI business nowadays with Bull Mania AI, I'm interested in this in this A tech like there's no tomorrow. And Bulmania AI, it's so nice guys. It's so nice. Everyone who is in Bulmania is using it. just you know when preparing a stream I ask it for the key topics that I should never miss in my stream it tells everything bum it can also analyze your portfolio did I tell you that if you go to

16:06 settings this is a new thing we added yesterday you go to your positions let's say you have these positions you're long you're short and then you can come back and you can say um give me a report on my open positions so let's see guys AI we're we're entering the brave new world of AI we're doing it in a big nice way with Bulmania AI everyone who is part of Bulmania Yeah, gets it for free.

16:27 For free. All the Chinese models, if we get them to run, you're going to be getting them boop in your Bull Mania AI for analyzing markets. It's fantastic. Fantastic. Guys, now if you are in California, let me know. You are in a in a very interesting position because your pension fund, retirement fund, um is now holding $35 million of uh Micro Strategy.

16:50 Over two million state employees are getting Bitcoin exposure through treasury companies. There you go. There you go. Maybe it was the ads. Maybe it was when sailor was a koala that convinced them to to buy. But you see the advertisements. They're working. They're working. And the state pension, a California state pension is now into the the sailor.

17:10 They're in the sale. They're going to be buying micro. They already bought micro. They already bought it. Now look here. US annualized interest cost is 1.2 trillion. This is important guys. The bond yields are going up. The bond yields are going up. Why are bond yields going up so much? So, so bigly in a big nice way because the financial markets are not trusting the US as much.

17:35 They're demising higher interest rate. So, it's going to be very interesting what the Fed does with it because the interest rates are Yeah. They're super high. They're going to highs of 2008. You understand? They're going very very high. What is the result? What's going to be the result? is going to be that the Fed comes out and starts buying the bonds because when they buy the bonds, the interest rate goes down.

17:56 Okay? When bonds go up in price, interest rate goes down because it's an inverse relationship. So based on the current yields and the fact that the yield curve is is skyrocketing, they will have to buy soon. They will have to increase liquidity soon. Obviously, it's not that easy. They cannot just click a button. They have to make it credible. they have to make a story because if the financial markets see that the US is basically desperate and they're just you know pumping their own bond without any greater story uh is

18:27 going to dump everyone's just going to sell even more kind of like Sailor by the way see Sailor that's that's interesting by the way you see Sailor is now in a position where everyone sees that Stretch is kind of effed but Sailor is selling Micro Strategy stock he's raising money to pay Stretch dividend but the market does not care the market still is not giving him that $100 price because even if he has all of this money to pay there's still ah it's too risky man it's too risky but what if he mismanages what's he

18:54 what's what's going to happen if he misman you know it's too risky the same thing is with the US yields in case they start pumping them without a clear story without a clear reason just you know just to pump is going to be bad US treasuries are going to be sold off even more but it it's true the the the yield is very I Bitcoin did not exist the last time global long bond yields were this high.

19:23 And to be fair, it's not only the US, it's also UK, man. UK is cooked. UK it's cooked. France. France is also cooked. Western countries are now facing the sovereign debt crisis is happening in the US. It's happening in France in I mean you know if you are in the UK you wrecked for you wrecked anyway. I mean your your economy is bad. It's very very bad.

19:44 Very very bad. How let's ask Bulman AI about how the uh the yields are developing in the UK and the US. So how are bond government bond yields developing in UK, France and let's also add Germany and Germany. Let's see let's see what it says. Uh if bonds go up the yield the yield on the bond goes up it's very bad for government very bad. They will have to pump and they will have to buy the bonds.

20:14 Look here. Bitcoin miners face the third largest exodus in history. Yeah, because they're running Quen. They're running Quen. Quen uncensored. Everyone's just running Quen on their machine. So, uh, it's going to return. They're going to return when Bitcoin pumps. Bitcoin bulls send it. Not even asking for alltime highs. Be patient. Be patient, guys.

20:36 Be patient. It's going to send. Yeah, it's going to send. Look here. Anthropic just passed OpenAI in quarterly revenue for the first time, more than doubling to 11.6 billion, while OpenAI grew to 6.7 billion. Wow. Wow. Now, I've been spending a lot with anthropic a lot. That's why I'm looking for Chinese versions for buildings. I mean, for all kinds of stuff is super expensive, man.

20:59 It should replace. Okay. If I look at what I've done with cloud with cloud code, etc. If I try to think how much it would cost to do it with people not only in money also in like nervous system because when you work with people it's a load on your nervous you have to explain the guy has vac it's also it's not only monetary it's also you have to coordinate he understand it can work it works like it works but also the claude the AI is not only the the money in salary it's also this nervous system that you have to deal

21:36 less with other people which is in many cases quite nice when you just speak to AI. I mean they just stuff bum bum bum bum except when it starts being a freaking teacher teaching you morals that's bad. So claude they are now effing up their cash cow where it is now giving so much moral stuff. It's woke. It's woke. We're apolitical. If you're woke good, good.

22:00 Welcome. Welcome to the channel. Smash up the like. Subscribe. But some people, especially on this channel, this apolitical channel, they don't like it. They don't like it. So, let's see if we can get Chinese Quen free and then we just pay electricity company. Okay, let's pay electricity company then. Uh, so maybe that's a solution. Let's see. You need to pay Nvidia still to get the the card.

22:21 So, if by the way, if Chinese Quen becomes big, it's not a problem for Nvidia. It's not a problem for Micron. And so from this perspective, you can see that if an AI stock is a cheap manufacturer and they they are in bull trend, I mean don't be bearish on them. If they are in bull trend, don't be bearish on them. Uh but uh yeah, many of them are in bearish trend.

22:44 Micro now is bare trend. Uh Intel is bare trend. They could go into bull again, but for us, we're if it's bare trend, we we we stay away. It's not it's not worth it. We want to be in bull trends. AMD is still in bull trend. AMD obviously does not care if it's open AI or if it's, you know, open source. Let's see. But uh yeah, a lot of things are are happening.

23:02 If you use AI, a lot a lot a lot a lot of things are happening. So look here, Stan Draen Miller told Scott Bessant exactly uh what it would take to stop Washington from spending. The clowns in Washington, unless they get a signal from the bond market, they're just going to keep spending. So now we do see a signal from this is a old video. This is an old video but now we do see signal from the bond market with the high interest rates that it's time to be careful with spending.

23:30 Let's see what they're talking about it here. Scott Bessant lost few kilo very very good. You don't want kilo, you want less kilo. You want to be thin just like uh Trump said to Kim Jong-un. Do you guys remember? He said to Kim Jong-un they were doing a picture. He said we'll all look thin, good and beautiful. Maybe he said the same thing to to Bessant.

23:54 He lost a few kilo. That's good. That's good. >> 1900s and you hardly see any bankruptcies because there have been no market signals from the Fed. Now, this is pre the last year. We'll get into that. Um, but there's one other problem with all this. >> Okay. No, it's 15 minutes. We cannot watch it. Anyway, somewhere here in this long video, he said that bond market needs to give a signal.

24:13 And now that Scott Bessant is in charge of of the Treasury, we do kind of have a signal. Okay guys, moving on. Moving on. What do we have? Bond market again. Anxiety remained a major headwind with the 10-year Treasury yield around 4.7%. Near its highest since early 2025 as rising government debt, heavy treasury issuance and massive a related borrowing kept pressure on long-term yields.

24:35 There you go. Sovereign debt crisis. Tick tock. Tik Tok. It's coming. And Bitcoin is here as the life raft. It's a very nice life raft. Look here. Uh Robin Hood CEO Vlad is saying it's becoming increasingly clear that we're in the early inks of a global tokenization super cycle. Yes. Yes. Yes. Yes. And especially with SEC saying you can raise up to 5 million now with the new rules without registering.

25:01 Oh, ICO cycle 2.0. We're coming. We're coming. We're coming. Uh Jim Kramer. Now I get a bit worried for AI stocks because Jim Kramer came out and said that big semiconductor stocks have yet to rally. Okay. I don't know. I become a bit worried if he's bullish. I become a bit worried. Let's see what's going to happen. Uh and yeah guys, that's it. Let's go to Q&A questions, answers, debates.

25:23 Let's check here guys with UK and France. Guys, if you are in these countries, you have to be careful because your taxes are going to go up. Is basically when you have let's say you bought a car or you you you know, you got some consumer credit. You got a consumer credit and uh I'm your bank. Okay. Okay. So, what do I tell you? I tell you, hey, you have to pay me back.

25:46 I see you are like lazy. You're lazy. You have to pay me back your credit that you took from me. Okay. Go to work. Go to work. Don't spend on entertainment. Pay me back the loan. The same thing is with countries. The bond holders are telling to all of these countries, raise more tax so you can pay me. Raise even more tax so you can pay. Don't spend too much.

26:10 Just raise tax, pay me. Pay back your loan. Otherwise they just sell they sell the uh debt they sell the bond. When the bond sells it means that the interest rate goes up even more uh and yeah whoever buys it now now gets a higher interest. So the bond price and interest rate are inversely correlated. Oh, UK guilt. Look here. 10-year yield five uh%.

26:33 Highest auction rate since 2007. Just like we said, very important. 2007, the biggest biggest uh rate since 2007. Of course, when the government borrows at this high rate, how they going to pay it back, man? They need to they need to take another loan to to pay it back. So, you are going to be taxed. They're going to try to tax you to get back the money.

26:58 To get back the money. UK guild 30-year 5.8 high since 1998. So be prepared. That's why, by the way, they are removing all of the tax incentives in the UK. Uh and uh yeah, very bad. You you got to figure something out. You got to get out otherwise you're going to get milked. Okay. France highest since 2008. very high yield. Very very high yield. France 30 year it's uh uh highest since global financial crisis.

27:34 Yeah. Germany high since Yeah. You see big big issue in the EU. Big big issue. Okay. Let's go to Q&A questions answers. Oh no. For that you're gonna donate way more way more man to to every get out of here. So guys, for the bull market, we need we're going to set up a proper donation box. We're going to turn off this YouTube donation because, you know, you take up attention with two ever What is It doesn't work like that.

28:06 It doesn't work like that. We we got to uh set up a proper donation box where if you want me to say something about your uh you know look at the chart or whatever there's going to be proper menu there's what is it to everybody I cannot do anything with it what what should I do with it what do you want me to do with it to every to speak about your thing to speak about your crapco get out of here get out of here we need we got to have a proper one for now for Now, uh, it's it's not we we need to use cloud code.

28:41 I'm going to speak with Quen with cloud code if we can get it up to ever. He wants me to to rant about the coin, man. Get out of here. Go. Get out of here. Get out of here. Get out of here. I got fined for my taxes, although I paid on times as well. Apparently, I have to pay quarterly. Yeah, fast. You got to pay fast. The faster you get the money, the faster they can pay to the bond holders.

29:07 the the the faster you get the money, the faster they can they distribute it to to bond holders. So this is why in some sense in some sense you understand the frustration of for example Gary Stevenson in the UK because what he's saying is that the government doesn't own any productive asset. So you have to borrow money. You don't have any anything productive that gives you money and uh you are basically owned by the bond holders.

29:35 the bond holders, they're telling now, "Hey, the yield now is 5%." Okay? If you want to borrow more, now it's 5%. Sell more assets, sell more. So, I mean, the problem is that Gary Stevenson wants to solve it by increasing taxes. Now, he says super rich, listen, I saw his his documentary where he visited some guy who who lived in a castle that his parents had.

29:57 I mean, he's not super rich. He's rich. Yes. I mean he lives in a castle that has been in generations but it's not this you know institution that that actually has this bonds okay that that they actually control. So in his documentary, a lot of people he spoke to, they're they're not counting as the ones really controlling the interest rate here. Okay.

30:17 So uh it's going to be very bad for you. It's going to be very bad. But his analysis of the issue is correct. I mean the government is not making money. The government is controlled by people who own the the yield. It is the bond holder. Okay? If yield goes up, okay, you have to raise tax, you have to do stuff. And so you you just want to be away from all of that, guys.

30:39 that that's that's the only thing is is the is the you got to be away from all of these uh events. Okay, very important. You can move out of the UK, you can buy their bond, you can get 5%. Okay, maybe that's the solution. You move out, you buy the bond, you get 5% per year. Fantastic. Fantastic. It's good. It's almost you see this a bit of a problem for risk assets if it's okay can go bankrupt.

31:05 they could go bankrupt but still get 5% and average stock market performance in the UK what is it like eight or six or what is it so for the European stock markets it is this high yields are very bad for the stock market also because you can lend to the government at such high rates yes they could go bankrupt but if they go bankrupt the stock market is going to dump anyway so your stocks going to go down anyway so if you have to pick stocks or give some money to the government your risk is very connected because yes

31:33 Okay, stocks is not the government, but if the government goes bankrupt, the stocks are going to go to zero anyway. Okay, you're going to have a big crash anyway. So, super exciting times for crypto. Crypto is the thing you can buy. It's outside. It's outside. No matter what's happening in the country, it's outside. People ask, "What's with the formal shirt?"

31:55 I think I've lost enough kilos that I look good in a shirt, guys. When you're too fat, you no shirt looks good. Now, you know, I I look good. I look good in a shirt. Before I also, you know, sometimes I try shirt. I'm too fat. I'm too fat now, man. I also I like this fabric. Very nice. Very nice. Yeah. So, also could be the age. Could be the age. You know, the older you get, the more you appreciate the finer things in life, man.

32:17 When I was 18, I was sitting in a freaking hoodie. Then I got too fat for shirt. That's the problem, guys. If you have if you're too fat, you cannot have suit. You cannot not have shirt. So, uh just Exactly. Big diet. When I get to 10% body fat, you're going to get a trilogy. Big profit and big diet. Exactly. Let me know if you're interested in that, guys.

32:45 You're going to get big profit and big fat diet. I will do it. When I reach 10% body fat, we will have big diet. Yes. Yes. Exactly. Do you even lift? Yeah. So, I will write more in the book if the big diet when it's time. But I'm lifting now heavier than ever because when you are in a deficit, you have to push progressive overload to keep muscle. But for me, I also became stronger.

33:15 It's interesting. I mean, when you're you see the the fat ones, they think that if they actually get down in body fat that they're going to lose strength. You won't you won't you won't lose strength. Don't worry, man. Don't worry. You're If you're fat, it's it's a big problem. It's a big big problem for you. It's a big problem. And then I mean, you know, as I get older also, you think about longevity.

33:35 To to have longevity, you don't you don't want to you want to be more leaner. Okay? Look look who has longevity. Freaking Japanese. Japanese they they you see you see how they eat. You have to be more towards the lean. Muscle mass very important. But u there is no glory in being big just for being big. Everything has to be thought through. Just like there is no glory holding your shitcoin down and and being a holder for the sake of being a holder.

34:02 Okay, so very important guys. Very important. And yeah, these things by the way when I was like 20, 18, 20, these things didn't really matter to me. Why? Because at that time you I ate so much crap my body still burned it. But then I got to a point where I took it a bit too far. I got uh yeah guys I I got very very big here in 20 2022 you guys remember if you watch this channel I got insanely large now okay I mean insane insane for me it was insanely large uh some other people are larger they have bigger issue um so

34:43 anyway yeah that's that does that's that I haven't touch on the process we one could set up multi multi go to safe wallet on now I hate that it's called safe because everything called safe is like begging to get to be hacked okay um so here go to saveg global is is the website for it don't get fished that's also why I don't really like like giving step by step because I know you click the wrong button you're going to get fished you're going to blame me so I really don't like speaking about wallets or like setting up

35:20 like use your own brain figure yourself out. If you get fished by following my instruction, you know, you look safe wallet and then like a Google ad shows up with a fishing, you click it, it's your own fault. Okay, but I mean if you if you want to know, you have multic with safe wallet here. You you can have different kinds of u signers. You can have your ledger signer, you can have your treasure signer.

35:44 So learn this. I don't want to give you step by step because again you're going to mess it up. You're going to say I haven't told me step by step. Now, for that in Bulmania, I could in Bulmania, we actually could create a a a section on that, but uh it's so easy to get fished, guys. It's so easy to get fished. You're going to be writing there's going to be a fake Google ad.

36:03 You know who was it that uh was it? There was just like yesterday I saw Defa Lama. Defa Lama. It was Dal Lama. So, Defy Lama had to fight Apple for like five months to get an impersonator app of Defy Lama removed from the app store. It was crazy. You search D5 Lama on App Store, the first result is Defi Llama, but it's fake one that drains you. It was crazy.

36:28 So, that's why just knowing just knowing uh all of the dangers, you you have to be really careful. You have to figure it figure it out yourself. Uh but yeah, save.global. If you type it in, save. But see, you're going to make a typo. If you write a typo in the domain, there is a fake website on that fake domain. They know they're going to, you know, the boomer plebe is writing say safe makes a a typo, clicks enter, and then they see ah it worked, but it's a fake one that hopes that you're going to make a typo.

36:59 So even typing the domain, know that there is a risk. Okay? Know that there is a risk. It's a guys, it's a doggy doggy dog. we are in the world doggy dog. Okay. And that's why for the average plebbe especially if you are on the uh on the older side I mean listen we all as we get older I'm not like you know people say sometimes Ivan why are you like agist I'm not agist I mean I myself I don't use the Tik Tok I'm also you know as as you get older you don't use all of the latest okay so it's just natural so uh just use

37:32 freaking Coinbase I mean listen for for all intents and purposes if something happens to Coinbase is going to be lawsuit there's going to be recovery You may get most of your money back. I got most of my money back from FTX. Actually, I got more because because I had my money in ETH and ETH did not pump. It actually dumped. But at the time of the hack, the the dollar value of ETH was bigger than when I got so I actually got more.

38:00 Okay, it was automatic sell. So, uh, you know, for for all intents and purposes, with the amount of regulations, with how, you know, quote unquote mature this industry is now for most people who are not technical, who are not technical, you see, with all of the hardware wallet hacks, I don't even know if I want to tell you to use hardware wallet because you see, you see what's happening.

38:24 They leak your customer info. So, you can get targeted in your own home. I It's a big problem. So okay, hardware wallets are tough but then you okay so you buy many of them now your customer info is in all of them treasure ledger and then you buy many of them you do a multisig with a multisig you could lock yourself out if you don't know what you're doing so at the end of the day you see the this balance of having your crypto with the suits in Coinbase versus your at the end you just want to make money okay to make

38:54 money with crypto you can have it in Coinbase I think now you know in the early case. The big problem was also that many people did not really have all of their like taxes in order. So they just didn't want to touch anything like Coinbase or anything. Now you know one of the first questions people ask when they join Bulmania is oh tax is going to be okay you will help me do tax and we can connect you with a tax professional in the US.

39:19 But basically most people now in the US especially they are super careful with tax. They do all accounting. It's good. It's good. This means that you can now use the services without being paranoid. Okay. So this also one of the factors where central exchange for most people if you do your accounting what you do to do your tax uh the the balance is quite even and I I cannot say that it's better for the average player to have self custodial with all of the issues we've seen lately.

39:49 You Kraken Kraken Kraken is better. Yeah, I agree guys. Kraken is way better than Coinbase. I agree. I agree in my experience using both in the past. Kraken was better is it was better. It's more of a you know human approach maybe with u uh with Coinbase at least in the past. I mean I haven't used them in a while but at least in the past it was no support.

40:10 It was website doesn't work. They freeze your account. I mean it was very very bad. Uh I mean everything worked out in the end but uh I think maybe they were overloaded or something. Kraken very good. Very very good. cracking very very good dude. I lost 30 pounds in seven months just cutting 75% sugar out of my drinks. Why 75? But that's good. Number one.

40:37 Very good. Very good. Very good. Congrats. Congrats. But why not cut all of it? And why do you have sugar in your drink? It's so easy nowadays. If you want to have sweet drink, just have colero or something or or Pepsi Max. Well, maybe it's called something else in your country, but to have sugar drink is one of the if you drop the other 25% you're going to drop another 30.

40:57 there is no need to have to have uh any sugar especially now there's so much you know this uh anyway in the big diet I will tell all about it but I don't want to speak too much before I have like 15% okay 15% body fat I'm going to tell you everything I'm going to tell you everything I'm going to tell you everything the full protocol it's going to be big profit and big diet and you have both of both of them you have the big profit to for money and then for health Okay.

41:31 Someone says chemical sweeteners worse being being big is is is worser. Just drop down. Once you have dropped down. Good. Good. Fantastic. Then you can then you can teach me about the how bad the the sweetener is. It's the the the worst thing is your size. That's the worst thing. Then uh but once you get down okay tell me tell me exactly and sugar is way wor exactly but guys guys listen everyone it's crazy the I'm excited for the big diet for the book because people have so much opinion on this it's amazing it's amaz

42:16 you know this guy said this I had instant opinion I everyone has so much opinion on everything Okay. I love it. I love it. So, let's wait for the big diet. It's coming. It's coming, guys. I mean, at this rate, we should have the I should have 15% by like October, November, and then maybe few months to write the book. So, it should be this year. Should be this year.

42:43 I It could be this year. Yeah. Okay. Let's go back to crypto. You should back call the book big losses and I can back casing. Yeah. Yeah. I can back sugar is the key. I dropped 90. Holy. Holy cow, guys. 90 pounds. The guy dropped and I'm now down to 180. That's good. That's good. 90 pounds you dropped. Oh my god. Yeah. Yeah. But there there there's no need in in sugar in drink, guys.

43:17 There there's no need. There's no need. It's especially as I said with the different Anyway, maybe you get the point looks maxing. Exactly. We're looks maxing but uh yeah, it looks I don't like looks maxing guys. It's uh the Gen Z's, they've taken it too far. They've taken so far with like cutting their jaw, whatever they're doing. You just have to be healthy.

43:38 You just have to be lean. Okay? Especially longevity is so important, guys. having super big mass for longevity. You have to have high muscle muscle percentage. That's that's important. But you know, just in general being large for there's no glory in that. Uh got to be longevity. I actually should I will talk a bit with booming AI about it later on.

44:06 Maybe it's because you know the the less you know metabolism metabolic stuff you do because when you're large you know you have to like metabolize all of your you know your mass it's a lot but maybe if you are thinner like it's less metabolism which ages less maybe that's it I don't know guys listen I'm not a doctor but see you don't need to be a doctor to reach result that's why you have to be when it comes to results results are results okay there are many fat doctors Also it's very bad.

44:36 It's very bad. They know all about metabolism. Then you look at them they cannot fit in chair. Why? Why you teach me about met? I teach you instead. Listen to me. Okay. Why was big profits not green? It could be. I mean I can recolor it anytime. I can recolor it any time. We could make version two. Vers if we have version two like you know with the refined after the bullmarked or something.

45:03 We could we could color it like you know the second uh how you say second uh I was called in in publishing guys see I'm not even an author I have a book you see action action action the the second edit okay action action action second iteration is that what you call it okay you don't have to be a formal author to write a banger bestselling book you don't have to be it second exactly second edition second edition second edition it's edition, second edition, guys.

45:41 Listen, that's it. Thank you very much for being here. Fun stream. Big shout out to to uh DAB for time stamping us. Fantastic discussion. Uh have a good what is it? Wednesday. Have a good Wednesday. Enjoy your Wednesday. Thanks for all great questions. Subscribe to Bullmania newsletter. bullmania.com/subscribe. First link in description. One of you who subscribes going to win this book right here. Very, very nice. And see you all tomorrow. See you all tomorrow. Have a good day and goodbye guys. Goodbye. Goodbye.