BITCOIN, AI, STOCKS: SUPER WEDNESDAY!!!! Transcript, AI Summary & Key Points

00:00 We are going live as soon as possible. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as is right now, Bitcoin is back towards 81. We've been saying that with highest likelihood, Bitcoin will continue its bullish ascent sooner or later. Why? Because the time to be bare was when? Last October. And now it is time to be bull. Why? Because number one, we are in a bullish trend.

00:27 We love the bullish trend. We don't want to be fading the bull trend. And as you can see right now, since a few weeks ago, we are in a fantastic bull trend on the money line for Bitcoin. We love that. That's number one. Number two. Number two, volatility within a bull trend. Very normal. And actually, there was a guy here who laid out on a timeline all the times we tweeted bear, bear, bear, bear, bear.

00:55 as you can see around the peaks and then down down down down and then we started to eat bull bull bull bull bull bull bull right here as we were coming up and that's exactly what we said yesterday as well reminder I am bullish Bitcoin and crypto that's why by the way you should go to Twitter you should follow bull flag in the making and a few days ago when everyone was panicking we also said reminder I am bullish Bitcoin and crypto but today guys the big news is going to be the Fed, we have Super Wednesday because all

01:28 kinds of things are happening today. Everything from the Fed and the interest rates, the highest likelihood is that they will hold the rates. However, however, you never know. And if they hold, then it's basically business as usual. Likely we will have a bit of a relief that they did not hike because there are reasons to hike as well. We have the yield going up.

01:50 When the yield is going up, hiking may make sense to calm the market down. At the same time, if they hike, very bad for the economy. Extremely bad for the economy. So, the highest likelihood is that they just keep it steady. But that's something to watch out for today. Also, you have earnings uh you have um uh Microsoft today. Let me actually see is it Microsoft?

02:15 Microsoft. Yes, Microsoft. Alphabet. You have the UK budget, Bank of Canada, all kinds of things happening today. So likely this will together with the midterms clear us for the next leg up as we have all of these different uncertainties cleared up. The Fed decision is one uncertainty. Next week it's midterms. Once that is cleared up, likelihood of some kind of bullish continuation is is bigger.

02:40 So let's see what's going to happen. All in all, Bitcoin is holding up quite fantastic. Uh very very nice. Um, Coinbase CEO saying all asset classes are moving on chain. That's also true. All of the basics that people speak about when prices pump, they're still true. They say still true. However, when prices are down a bit, when prices don't pump, everyone forgets and they forget so quickly.

03:05 Looking at the uh ETF, we have inflow in the ETF, $151 million inflow in the ETF uh yesterday. So, ETFs are back inflowing. That's a good sign that money is rotating back into crypto. You did see a few outs slow days, but all in all during the last week, it's mainly bullish, mainly inflow. And uh for a good reason. Why? Because the AI trade, you could argue, is overextended.

03:29 We now enter the max extract phase of the AI trade where you have the biggest IPOs. Anthropic does IPO. Open AAI will likely do an IPO as soon as well. They're racing. They're absolutely racing to do an IPO as soon as possible because there is limited amount of money. You have SpaceX taking a big chunk. Anthropic is going to take a big chunk when they do the IPO and they will list at the uh approximately 1.75 trillion according to the latest uh filings.

03:59 Okay. Um that's great. I mean we're now listing in trillions. Listing in trillions. uh and uh looking at anthropic the good thing as you know is that the business more or less makes sense. I think the markets expected way worse numbers from anthropic from their S1, but their S1 was quite okay. Not too bad. It was actually quite okay. If you remove all of the accounting losses from options and all of the other things they're doing with uh with their financial instruments, for example, with the employee option, all kinds

04:33 of things that are non-b businessiness, non-b businessiness related expenses or losses on the balance sheet. And then you look at the actual business that one is not that far away from being profitable. So uh let's see how this will unfold. But um anthropic not being super bad you know it's not an it's not like um we work okay the fear was that open AI and anthropic they go public and it's you know some kind of we work scenario where everything is super bad is embarrassing and this whole industry of AI is some kind of

05:05 fluke. It's not at all like that. In fact, the business case makes sense as more and more companies are moving to AI, firing staff, adopting AI. Microsoft fired 30% of their company. I mean, that's quite crazy. Imagine 30% of the company fired. Someone yesterday wrote that uh uh AI should bring more jobs. So, this firing it's it doesn't make sense. It should bring more jobs.

05:31 And it's true. I mean theoretically AI should make us all even more busy because things happen fast and it doesn't mean that okay now we can relax because your competitor is also using AI. So let's say you're a business, you use AI, okay, everything happens fast, but your competition is also now using AI. So we just move faster and people are still needed to manage to take responsibility and then do other things.

05:56 The problem is that it's not the same people who do like you know front-end development or that code stuff in the old way. Okay, they're trying to figure out stuff how to do some back end and it takes them five months. I mean this is the video that is getting circulated now of coding before LLMs which isn't that long time ago. I mean this was literally last year and if some backend engineer starts speaking to you in this manner as this guy uh he has no job basically.

06:24 I mean now with AI this kind of conversation should never happen. It's a bit of a joke but listen listen in each joke there is a there is a very big portion of truth >> just one feature. Why does this take 3 years to look? It's not that simple. All right, I have priorities. My team has deadlines. We have the rules in >> I'm still not understanding this.

06:44 Why is it so hard to display the birthday date on the settings page? Why can't we get this done this quarter? >> Look, I'm sorry. We've been over this. It's the design of our back end. First, we have to call the Bingo service. See, Bingo knows everyone's nameo. So, we get the user's ID out of there. Then from Bingo, we can call Papaya and MBS to get that user ID and turn it into a user session token.

07:03 We can validate those withnop. And then once we have that, we can finally pull the user's info down from Raccoon. >> Yeah, but couldn't the Raccoon team basically just >> No, Raccoon isn't guaranteed to have that info. Before we do this, we have to go to Wingman. >> All you all of you backend dudes that know microservices can recognize that. But you see this kind of stuff, you have this kind of developer where you ask them, hey, can you do this?

07:22 And instead of saying yes sir, I'm doing it now. It's already done. They give you explanation how it's going to take 6 months, 8 months, 12 months. Ah man, what is this? What else? I mean this kind of people who are not thinking in AI, who are not using AI, they're not really needed. Those that you know take pride in the old ways of doing things, it's a big problem.

07:41 So now that we are going through the transition, you need to ensure that the teams they're really AI native and for a big organization like Microsoft, it's life and death. If they keep the their big team who may be against AI, who may who may be set in old ways of working, who may have been working there for 20 years, you know how hard it is to change people.

08:00 it's very hard to change people. So you see this transition now where they need to remove all kinds of people very quickly so that either AI can do what they do and they now bring in new talent for the new positions when it comes to managing AI etc etc working with it uh probably need less people also I mean at this stage probably need a bit less and from that perspective what is the conclusion the AI trade as a whole if this continues does make sense the AI trade as a whole if we see this productivity gain where

08:33 companies can remake themselves around being a native with massive productivity boost. Of course, then it does make sense. Um when it comes to the the trade uh on the chart, you see that uh trusting the bull trend is the best thing we can do at any point in time because NASDAQ is now back bullish, you know, back back to the upside. It was two weeks of red.

08:55 People said, "Hey, bubble has popped. Hey, it popped." Turns out did not pop, man. People have been saying it's going to pop all the time. Turns out it refuses to pop. The air bubble refuses to pop and instead it is becoming more solid and uh it makes way more sense now than six months ago. We had a long discussion about it yesterday. Actually, Jensen Hang kind of said the same.

09:21 the Nvidia CEO uh he said that AI was kind of a risky thing uh just uh six months ago that you know who who knew six months ago whether it would go anywhere and now Jensen Huang himself is saying that yeah actually now since the last three uh six so for the three years it was kind of guys like six months it's actually okay now it's okay listen to this >> time safety and security of course recognizing that this industry came through a transition just recently, right?

09:54 >> It wasn't but 6 months ago >> Mhm. >> this technology barely worked. >> Exactly. >> And so the functionality >> but six months ago he he was very he was very bullish nonetheless. But he's he's here like yeah six months ago this barely worked. And if you remember six months ago on this channel we were also saying that I mean LLMs will they scale? Who else knows?

10:19 to take so much money to to train it to improve it and the improvement is so small. Now it's way different. Exactly. Even Jensen Wang is saying, you know, this was kind of for guys six months ago. Now it makes sense. >> Probably the most important line out of this whole thing. >> Recognizing that this industry came through a transition just recently, right?

10:40 >> It wasn't but 6 months ago. >> Mhm. >> This technology barely worked. >> Exactly. >> And so the functionality and without functionality and capability, what's the point in making it safe and secure? Nobody even cares about it. And >> mind you, this whole thing is about and they're talking about safety and security and alignment and all that right now.

10:54 And this was just sort of like a little snippet from here, but this whole thing is about, you know, does AI justify uh the spend. And in 2023 and four and five, you kind of had to go through those three years of spending and almost like R&D AI. Now we're like, "Oh my gosh, a we can do a lot more than we ever thought." So if you're bearish AI because of your experience in 23, 24, 25, you really ought to try it again.

11:24 I don't care if you want to use news or >> no 100% 100%. So basically, for the last three years, you had to kind of be a visionary to to see the full picture because practically it it made not too much sense and we just followed the trends. We were bullish anyway since since we rotated out of crypto in October 2025. But um this is the experience of AI lately.

11:44 You know in 2022 look it can't even do 2 plus 7. You remember in the early days the AI could could barely do simple math. Okay. Now you know people are not happy because look it can't even tell whether this simply connected smooth four manifolds are merely heomorphic or actually different. People still complain about something with AI where it literally solves unsolved problems.

12:08 It usually discovers new computer science concepts and this proves all computer science uh theorems. You look here this ETH the ETH computer theorem. Let me actually see uh the the latest news here. Look here an internal uh model at OpenAI has produced a claimed reputation of ETH. So ETH is not Ethereum guys. It is in computer science this theorem that is describing how computation works.

12:37 what are the limits of traditional computation and so on so forth. All of you computer scientists in the in the comment section know all about it. But, you know, the fact that AI now can actually come and say, "Wait, wait, wait, wait. The the longheld beliefs you guys had, okay, you guys had about different scientific things about computer science, they're not correct.

13:02 They're not correct." And uh there are ways to do computation more efficiently. There are new ways to think about computation. So, this is just happening during the during the last few months. Then of course all of the math explorations and all of the discoveries there's a big scandal if open AI is stall some researchers prompts or if they discover themselves but still you see we something is happening here something is happening here with the scientific developments and um of course all of this is fueling the AI trade

13:31 we love the AI trade and we're humble we're very humble in the sense that we're just following the damn trend if it's bull is bull we love the bull looking at S&P S&P also wants to go up. It's you're looking at the futures. It It did open higher. So, everyone who is bearish here, get out of here. It's not time to be bearish, guys. In a bull trend, you don't want to be bearish.

13:51 You don't want to overoptimize for some kind of fringe bear scenario. Instead, what you want to do is to go to bullmania.com/subscribe and join our newsletter. Yesterday, I updated you all about the AI trade. I update to you also about the coming Fed Fed decision and also let's see guys where is this poll? Where is the poll? Yeah. Uh in each newsletter we also have the poll.

14:17 So most people in yesterday's newsletter voted that the Fed is going to hold rates uh today. So let's see if our Hivemind from the newsletter is correct. But what you want to do is to go to bullmay.com/subscribe first link in description. Join the newsletter. Also guys, if you refer people into the newsletter, in the newsletter at the bottom, you're going to see uh your referral link at the bottom.

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15:24 We we see it by the open rate and also you can confirm here in the comments in the comments that you love it. But we're going to have more more other ones uh soon like a mania uh macromania cryptomania more deep dive. So this is the kind of format which works really well. Works really really well and uh yeah by referring more people you will be able to unlock those premium ones as well because this uh we're basically now building a team around ensuring that all our community has the latest in AI the latest in micro

15:56 everything everything they're going to be premium but one way to unlock it as well is to just refer people. refer people. You need to help us to grow the newsletter. You're gonna be rewarded with stuff. Or if you just want to pay with money, you can pay it also for all the other ones. But Bulmania Daily, this is the free one. And it's, man, it's amazing.

16:12 It's amazing. It's amazing. It's amazing. It's amazing. It's amazing. As you can see, each and every day, we're pushing and pushing the the envelope of what's possible. We're pushing there in the frontier, delivering more and more value. So, that's that. Go to newsletter now to free one. Um, in terms of the other news, let's see what what else is going on.

16:31 Anthropic is coming to the stock market as you know. And by the way, big shout out to Dub for timesapping us today. Let's not forget the dab. He's there. Bam bum bum bum bum in real time us. Uh, so anthropic is coming. Super Wednesday is today. Ripple Ripple has their national uh trust bank approval. Bitcoin is back at 81. Let's see if we can uh have a green nice gold candle.

16:58 We're leading towards a gold candle because it's bull trend. Hood uh what happened? Massive revenue, massive revenue, but e EPS miss and crypto revenue down. Okay, so all in all, record revenue overall, but cryp revenue down. Um let's see. So we haven't missed anything. Big events in cryp uh Armstrong, Hyperlquid, Wales turn net short Bitcoin. This is not the time to be net short Bitcoin.

17:26 uh K Jong Yu. So this guy I love this guy but also um yeah I mean he the thing is with K Jong Yu I I love him. I love him. I mean I love the guy but this onion analysis it doesn't work man it does not work. I he also apologized about his onchain analysis when he said that there is no bare market in October he said there is bare market he said no according to his onchain there's no bare mark and then he said I'm so sorry guys I'm so sorry so or yeah I mean you can search I mean he's a great guy he's an ethical guy great

17:55 guy great guy but this onchain guys I'm not a big fan now he's saying it's going to be cascading maybe it's going to be but um if if he looks on chain I can tell you onchain you cannot see anything on chain all these onchain companies I can tell you I spent too much time looking on chain for signal and uh it's more noise than signal because they they tell you hey this means that this guy sold Bitcoin it doesn't mean that he just moved Bitcoin why why you know there's no scientific approach they say oh this means that

18:25 this transaction will label it as a sale how do you know it's a sale it could be internal transaction it could be just people moving for privacy reasons it could be a million different uh uh things that have happened here but yet they they use some transaction on chain and make conclusions conclusions are impossible to make. At best, they're a bit probabilistic.

18:43 But you see, if your signal is probabilistic, how do you use it then to see what the market is doing? Because that in itself is going to be probabilistic. You understand? Even if your data is 100% correct, you have 100% correct data. The conclusions you make out of it are going to be probabilistic. So when we see the chart, it's all probabilities. But then imagine the data itself is probabilistic.

19:08 you go into this uh inception where date the the facts you work with are probabilistic and then the scenarios you make on top of those facts they're also probabilistic so you have big inception of probabilities it's very hard to make it work it's very hard so yeah anyway that's that big shout out to Kim Jong-un Bitcoin stack at 80k yes novagrat something on credit not too important Trump says he's binding the terms what's why why he's binging what's happening.

19:39 Prince Trump says he's buying towards artificial intelligence. What's happening? What's happening? When will the Wall Street Journal start calling artificial intelligence AI a very bad and inaccurate name? Super intelligence the name which virtually everyone else is using or soon be will be in short we will be officially binding the term AI in all relevant documents and everything else due to its inaccuracy.

20:02 So they're going to be using super intelligence. Okay. Okay. It's kind of a trend now to to say that it's SI and not AI. So all of the all of the hot startups nowadays, they have the domain names SI, not AI. Yeah. Anyway, Trump is saying it's not AI, it's SI. It's super intelligent. Okay. Okay. Brazil dumped because of Lula. We knew that. Uh oh, yeah, by the way, look here.

20:29 Midterm seasonality, the S&P returned uh 17.2% 2% on average in the year after midterms. Okay, after midterms. So midterms are happening, guys. What we've been saying, midterms are happening. You got to be bullish after midterm. S&P bullish, Bitcoin bullish because midterms they remove uncertainty and then we go Valhalla. Okay, you remove uncertainty and then you go Valhalla.

20:53 As always when we discuss Valhalla, you should know it can all go to zero. You should pause and read the disclaimer very carefully. um non-financial advice, you may lose everything. Your Valhalla can go to zero. Okay, this S&P man can go to zero. You buy Bitcoin can go to zero. S&P you buy it goes to zero. You buy AI, it's bubble, it goes to zero. You understand?

21:25 You're bullish. Anything goes to zero. You hold dollar, it goes to zero. You don't hold dollar, it still goes to zero. Guys, everything can go to zero. Dollar can go to zero. Stock market can go to zero. Everything can go to zero. Anything you buy, gold go to zero. They find new gold on in asteroid. They make fake gold. There is now um there's now alchemy.

21:46 Read upon the recent research with the alchemy stuff. They now can do new gold in lab. Gold goes to zero. Bitcoin quantum hack goes to zero. Gold uh dollar hyperinflated goes to zero. Uh AI is fugazi. Nothing works. It goes to zero. Overspending goes to zero. Tesla, no one needs electric car. China is better car goes to everything can go to zero. We're just here entertaining and uh what else?

22:12 Educating. Exactly. We're educating and entertaining. And you should print the disclaimer. You should read it every night. You should read it. Okay. Uh that being said, historically historically S&P has returned 17.2% 2% on average after midterms. Okay, historically, a companies are scrambling for cash at a record pace as the buildout burns through the big text balance sheet.

22:37 So, yeah, uh obviously we love that AI is working out, but at the same time, it's very hard to say if they if they have overspent. Nonetheless, this is the question that I don't know the answer to and no one knows the answer to be fair. If everyone knew the answer, it would be so easy. No one knows the answer to this to be fair. So, that's why following the trend is so important.

22:55 But you see this month meta plans to raise up to 95 billion by selling stock with AMD and Nvidia buying in. Anthropic is preparing one of the largest IPOs ever. Open eye is reportedly seeking 30 billion for of I mean obviously there is a bit of froth here that um you know anthropics do this largest IPO ever after SpaceX just did the largest IPO ever.

23:16 So there's definitely risk of froth big risk of froth but that's why we follow the trend. If it goes bare, we're going to be risk off. Uh we don't try to predict. But you see there is there if if let's say let's look at the bare side and why even though we love AI, we would still be bearish in case NASDAQ goes bare trend, S&P goes bare trend. Why would we be bearish?

23:40 The bare argument here is that all of this investment, it's not smart. They they they're investing so much and they're just burning cash in a way that is not smart. As an example, so many data centers are built. Do you need all of these redundant data centers everywhere? Do you need them? Are they needed? Or is it like, you know, building two rail roads next to each other and you know, everyone is building the same railroad next to each other.

24:05 I mean, just as an example, it's I don't know. It's very hard to say. No one knows. This is the thing. No one knows because we don't know how people going to use AI. You know, what's going to happen? But that's a that's a fair argument. For example, when you look at fiber cable and the broadband installation during the.com, many companies, they basically install the same thing.

24:23 But do you need more than one fiber cable across the ocean? Not really. So, you just need one. Just like you just need one railroad to go between cities. So, that that's a bare argument where you know all of this capacity is being built. Uh will it be used? Will it not be used? Do you need many of them? Everyone is raising so much money. The flip side, here's why, you know, based on news, based on news, it's very hard to trade because on the flip side, you also have all these companies building data center and then

24:53 leasing to each other. So that's good. I mean that that there is some efficiency there. Then it means that this capacity that is being shared and used in an efficient manner. So that's the flip side and that's why we discussed all these you know theoreticals just for fun. Trading we do based on the chart. But there's a there's a bare bare case and then there's huh actually they're also kind of sharing.

25:15 SpaceX is renting to Anthropic. They're all using. Okay. Now another bare thing is that all of the chips they become outdated very fast. You buy the chip tomorrow it's outdated. No you buy something it's outdated. So it's kind of like uh airplanes you know you buy a new airplane but uh you know in a few years there's new airplane and the the clients they want new airplanes all the time.

25:39 So it's very you know it's it's a very hard thing to have. You need to have latest airplane, best infotainment, best fuel efficiency. So air airlines need to do this all the time and airlines you know it's a very hard business. They have small margin very hard and so if you overinvest into something and then your asset becomes worthless because now this airplane is freaking old and now there's new Dreamliner with like the best infotainment.

26:03 You understand? Big problem. Big problem. Best fuel efficient. So the same thing is here. All these chips today they're good, tomorrow they're not good. How all of this is gonna figure itself out? Who the hell knows? No one knows. Everyone who says they know, they don't know. They don't know. So that's why we're humble. We follow the trend. It's bullish now.

26:22 And we love it. And we love it. And S&P, by the way, may go into Let's look here at the futures. How far is it from alltime high? Is just like 1.7%. And NASDAQ here, how high is it to alltime high from this open? Let's say the weekly close. The weekly close like 3%. Fantastic. Fantastic. So guys, yeah, that's that. Um, so uh what else? What else? What else?

26:43 Let me quickly go through the list here. Earnings hood revenue 1.4 uh 42 versus 1.43 estimated. So yeah, uh uh earnings per share is a bit less than expected. S&P excluding ASOS has outperformed the S&P by 6.4 points in October. Wow, this this one is interesting actually because S SNP excluding AI has kind of been in the bare market. Okay. And here's here's another thing with um with uh the uh analyzing the market where you know S&P has been holding around alltime high thanks to AI.

27:19 Everything else has been wrecked. But now those wrecked companies, non-AI companies that have been in their own bare market for the past six months, now they are building strength. So maybe it all cancels each other out. You know, if you're a physicist, you know, you have a wave and then you have another wave, but it's it's offset and then, you know, they cancel each other out.

27:39 You understand? Wave cancellation. This one is bullish, this one is bearish. It still goes all time high. And then they just change. So, yeah, let's see what's going to happen. Justin 80 94% chance Fed maintains rates tomorrow. Yeah, this is by the way we could have told you because our hive mind guys our hive mind in Bulmania newsletter also said it also said it anthropic IPO we know that look here 1999 versus now this is the comparison of um of how it was during 476 IPOs raised 65 billion in 1999 SpaceX raised 86

28:19 billion this year and anthropic hopes to top 100 bill you. Yeah, the the the numbers are crazy. Now, in today's money, 65 billion is like 100 billion. Okay? And this was all of the IPOs back then. Now you have two of them. So, it's a bit of a bearish side because now you have such a concentration risk, massive concentration risk. Stock trade, stocks trade at their lowest forward multiple in three years with the 10year at most exactly 5%.

28:51 So 4% of S&P stocks pairs are negative correlated a possible 200 2007 style quant apocalypse. So the conclusion here is that this a bubble if it turns out to be bubble highly concentrated highly conc.com was a bit diversified at least now the IPOs are so massive and just a few of them uh yeah so so that's the risk that's the risk um retail goes to casino Robin Hood fantastic they go to Robin Hood that's why Robin Hood for the future of trading is good because more and more plebe gets to trade he live trading.

29:28 He goes to Robin Hood. Um, oh, another thing back guys is the SpaceX and Tesla merger. Let's let's let's see how Tesla is looking. We did send a long long report to all Bulmania members yesterday about the the merger about the merger all the different scenarios. Uh, on the weekly it's now going bull trend. Uh, on the daily it's been here basically. So uh Tesla is the one deciding the terms basically.

30:00 Okay. Tesla is the one deciding the terms um because SpaceX Elon can act on himself where Tesla is the one where they're trying to get a better deal. Okay. So currently the way it looks now Tesla is dictating the terms. That's why it's breaking out also bullish now. And there's a chance that they get a bit of a premium. At the same time, it's going to be interesting to see how much h how much can they really dictate?

30:29 Because if Elon says, "Hey guys, I'm only excited if you merge. I'm not excited to do Tesla if you don't merge." How much can they really, you know, dictate? How much can they will and deal? If Elon says, "Hey guys, if you don't merge, I'm not excited. I mean, it's hard for me to be excited." But if you are in bulmania, check your email and also check in discord because I did publish this uh I mean as you can see it's it's quite some pages here like eight page report yesterday on Tesla uh and SpaceX merger with the

31:00 different bullar scenarios for for each stock. Uh but um short one sentence conclusion currently Tesla is holding the power in this merger. Okay. And uh that's why Tesla shares are going up as they may get a uh premium. Um yeah guys, let's go to Q&A questions, answers, debates. Let me just see so I haven't missed anything. We're going to send out the newsletter after the Fed uh the Fed announcements.

31:33 So don't miss that. go to bullying.com/subscribe to newsletter and uh keep an eye when the Fed uh has the announcement later today. We're going to be boop sending out very quickly on the snow guys. Let's go to Q&A questions, answers, debates. Let's go. Let's go. Let's go. And big shout out to Dub for time something else bull on a slope from small P.

32:08 That's why they build all the data center so we can have nice ASL from small P. Exactly. Can you grow a beard? I could but I don't like how it looks. I don't like how how it looks. I want I want clean. I won't care. I won't care. I don't want to be homeless. I don't want to be homeless. Uh for some people it's easier also. I mean it depends. I mean some people they they just have nice beard.

32:36 On me it doesn't look too good. So for me for me I feel better when it's clean clean. That's it. I I I don't know. I'm not too much into you know hipster. No, you go there with a beard. For some people it works. For some people it works. again different for different people but uh I don't know I I feel I feel I feel cleaner when I when I when I'm shaved and also I don't you know I start growing beard my skin gets irritated I get some pimple inside the beard okay and for some people it's quick process you know they just

33:15 boop they have beard for me it's going to take time it's going to be it's going to take time and what is for me it makes no sense For me, it makes no sense. If you have beard, big shout out. If you have beard and you're homeless, big shout out. If you have beard and you're not homeless, also big shout out. This know, you ask me, so I tell you how how I how I see uh my own beard.

33:39 Your beard probably is the most beautiful beard in the world. Fantastic. Fantastic. Please make fun of bulian guys. What's happening? What's happening? Have you come to the um I say to acceptance of the fact or what are they doing there or are they still in the la land? I mean there's there's nothing more to say to be fair. when big profits rebranding.

34:24 I mean probably in a few months. Um it would be nice though if we can make it for Christmas. So uh we can rebrand it and we can make something some deal for Christmas for the book. That would be something. Um but now we are um we're working on setting up a nice newsletter u newsletter ecosystem because people love the freaking newsletter. Uh that's the focus.

34:57 Now the book we will have to rebrand it mainly because of the ads. We cannot run the ads to to to big profits. The ad platforms they think it's a scam when we say hey buy big profit. Uh some someone said you can't appeal. You can't appeal. You appeal is banned again. There's no there's no human there who is like huh it's a legit. No, it doesn't work like that.

35:19 Um but yeah, our focus now is to get this uh newsletter system u tuned in. For example, we did the affiliate now. Uh we have uh uh we're also expanding the team slightly to be able to bring all of the insights. For example, AI Mania is launching soon. Uh that's going to be the next one. Uh where it's going to be deep deep deep AI analysis. Deep deep deep.

35:44 Okay. Um so that that's the focus. Now, everyone who is part of Bulman, of course, is going to get all of the premium ones. If you're not part of Bulman, you can you will still be able to get them, but you will have to refer some people. Okay. uh uh here just uh sharing the link and uh in the footer of the of the newsletter for example from yesterday you can see this accounts page okay so you can boop click here you get your accounts page you can see how many people you have referred is going to be seen here the

36:15 current milestone is that you get the book when we launch the premium newsletters if you're on bulmania you're going to get them included if you're not bulmania you can you can share the book to unlock them also sorry share the newsletter to unlock them also What citizenships do you advise to have where to live? Yeah, I mean it's a it's a question which is interesting.

36:44 I mean it's good to have more than two. I mean I guess it's good at the same time you know the world is becoming super global where I don't even know if uh it makes it's going to help you too much to have different ones. The only thing it's going to help you against is in case they have citizenship based taxation does is going to help you with that.

37:02 But you see, for example, Richard Hart, he probably had Turkish citizenship because you can get it for like 400k. Uh you buy real estate in Turkey for 400K, you get citizenship. That's why he he and also, you know, in Turkey, they allow you to change your name. I don't know if those pictures are real where it says like, you know, Dennis Kaya. You know that Richard Hart in in the pictures at least it says like Dennis Kaya and people said oh he has a fake passport but uh actually it doesn't have to be fake because when

37:35 you get Turkish citizenship they actually allow you to change your name to to like a Turkish one. Okay. It's like part of their culture when they, you know, Ottoman Empire they conquer, they want everyone to change name in the past. Now you buy citizenship, you're also allowed to change name. So, uh, that that also has been big for shady purposes and now I maybe they're restricting it now.

37:59 But see, the world is so global and everything is connected. Everything's connected. If you have a problem in the US, man, they're going to find you. No, no matter which or you're going to live in a cave. And if you live in a cave like Richard did, he had a speaking about beard man. Richard's beard when he was captured there with pants down. Uh okay, you live in a cave.

38:18 Um it's a question of time. Question of time. So you're really interesting like what what's the purpose? Because some people like oh I need to have five seasonship. Okay. Why? Why? Because why? Why? Why? You're going to be Jason Bourne on the run if you have to. You understand? It doesn't make sense. and they still find you. Like Richard Hart basically tried it.

38:40 He tried um I'm pretty sure he had Turkish citizenship because he lived there. Why not? I mean you it's easy to get and uh so yeah, which ones to have? Uh the only reason it makes sense is in case you get, let's say you live in the US, you could get an EU passport by living in the EU. Um, and uh, then you can remove your US and then you don't have to pay worldwide tax.

39:11 I don't know how much worldwide tax you pay if you don't live in the US. But some people do that. Um, I don't think it's smart like some some people they they go and they buy some small small country passport and then they cancel their US passport. I think that's That's you know you bought some small island country and now you cannot travel. And even if you could travel, see, some people buy like it's also possible to buy different like Caribbean countries, but the problem is their passport changes all the time.

39:38 Uh today they have access to Europe, tomorrow not. So whatever you know, you make such a long-term decision based on current state which may change. I mean tomorrow you that passport may be very bad. Oh guys, I have to go. I have missing one minutes ago. Basically my the conclusion here um it's it only makes sense for for taxes like uh if you let's say you are US you really don't want to pay worldwide tax okay maybe you can try to get like Ireland because you speak English Ireland they also speak English go live in

40:14 Ireland for five years you can get it so you still have like one of the best passports in the world but you can remove your US and you can still come and visit US Ireland any Irishman can easily come and visit us at any time. So that that could make sense. But when it comes to more, you know, shady ones, getting some small country, small island to to stay hidden.

40:34 Uh what you going to do, man? Where where are you going to hide? Where are you going to hide? You know, you're not hiding anywhere. Richard tried it. Where you going to hide? So anyway, that's my view on it. Just ensure you don't have issues. I mean, that that's uh that's a way better approach. If you don't want to have big tax, move somewhere where there is no tax.

40:54 There are many places no tax just play by the book. The book is quite flexible. The book is made for the rich. The rich don't have a million passports where they hide in a cave. No, they just, you know, structure everything correctly. Use your brain. Use your brain. The system is actually set up for being in a position where you can you can basically not pay tax if you don't want.

41:16 If you structure correctly, you have the right jurisdiction. You have the right tax residency. It's all possible. It's all possible. It's done by the rich. Okay? It's done by the rich. Guys, that's it. Thank you very much. Uh, I'm two minutes late to my next thing. Big shout out to Dub. Have a good day and goodbye. And by the way, exactly. Look at Andrew Tate.

41:31 His passport got cancelled. I think he got sank kiss or something. It got cancelled. So, I see what's the point. He also thought he would be like, you know, uh, Jason Bourne and then they just canceled with his ass. So, yeah. Uh probably this this exotic passports they are in my opinion overrated. They're overrated. They will not help you anyway. Uh so um yeah user