Bitcoin Faces Critical $73K Test Transcript, AI Summary & Key Points

00:02 Welcome back to Cryptos Are Us. I am George. We're all George. Welcome to another market open stream. Today, let's talk about what's going on with Bitcoin as it faces a critical 73,000 test. Yes, we do have a huge test test test of our faith, our will, and the sellers. So, let's talk about let's talk about what else is going on in the market today. All right, let's do it, guys.

00:38 Let's do it. Welcome, welcome, welcome. Starting out a day today at 73,600. So, we hit 727 yesterday and uh and obviously we've been trending down a little bit since the 80s, okay? Due to a lot of reasons. I've been talking about macro fears, inflation, high prices, war, oil, you name it. Rate hikes. [snorts] Yeah, there's just so many of them. and AI selloff too.

01:20 Although today seems to be the opposite because we do have one company that's leading the way. So Dow is down today but NASDAQ having a really good start. [snorts] Uh what is it? Yeah, Cororeweave. Cororeweave announced uh really good earnings and they jumped and they're carrying the market unlike Nvidia which has been you know contributing to the AI selloff because of Jensen and his actions.

01:51 Although there's been more development about that and I could talk about that during Q&A, but it seems like there's almost like a reversal reverse spy kind of thing going on because it seems like that that person that mistress uh also helped Jensen and Nvidia sell billions upon billions of dollars worth of GPUs to China, which helped Nvidia in a Okay.

02:19 So, maybe he was using her as much as she was using him. I don't know. The story is more complicated than it than it seems. And uh but it's just coming out now. But anyways, yeah. So, that that actually has not been doing well for I mean obviously for Nvidia and uh they're going to be reporting I think next week. So, people are going to wait to hear to see if he has more to say.

02:47 But right now today is looking good. But one of the things that's holding us back is inflation. Obviously higher prices. Okay. And we did have inflation reading which was no good. We we went up higher than expected. Um but here here's a breakdown of some of the things that went up tremendously. Okay. Montomonth from food category. You have like lettuce jumping up 8% for whatever reason, baby food and formula, uh margarine, uh fresh sweet rolls and coffee cakes and donuts.

03:26 And you know, these are all like a few percentages here and there. So, realistically, if something's like $2, $3, $5, you're not going to see much. It's probably like a few cents, tens tens of cents, whatever. But it's been happening like every single month. And realistically, you know, if you go to a supermarket, you'll notice that maybe you buy a pack of like in case of donuts, it's a dollar more.

03:51 Okay? It's not really 3.5% more. It's like a 50% jump. Most people just don't realize it or ignore it because everything's up by like 50 cents or a dollar. You're like, "Oh, it's okay." But until you go check out and then you're like, "Why is it $200?" Okay. uh instead of the usual 100 or 150. You know, when you go supermarket shopping or when you go to a restaurant, you know, the prices may not seem like they have gone up a lot, but you're done with dinner with the family and now it's at $150 rather than the usual $80

04:33 or $90, you know? So, it just like adds up like crazy. And then transportation wise, it shows uh or other things like transportation has gone up a lot. Video equipment, newspaper, magazines, even though you would figure they they both have died out. No, they've gone up. Uh television, dresses, and all this other stuff. But, you know, realistically, inflation is a lot higher than these numbers indicate.

05:06 Okay, they picked categories or items that are least or most resistant to price fluctuations. They don't put in here things that do go up a lot more. You you put in like houses or cars, you know, it'll show like 10, 15, 20% in some months. Uh it's it's crazy. you put in stuff like gasoline and and others, they move a lot more than that. Even though I do see it in here, but still, if you measure a year-over-year, it's a lot worse than this, for sure.

05:44 Anyways, one of the reasons why people want the war to be over, so inflation could come down, prices could come down, oil will come down, and that trickles into everything else. But yeah, this is why things are so expensive these days. Really, really expensive. Uh, White House vows to press ahead with tariffs. So, even though Trump and Republicans lost the House and Senate, Trump still wants to push forward with all the tariffs.

06:18 He did make a lot of deals with these countries already, so they're not going to go go back on it. Um but you know after losing tariffs to the Supreme Court they had to pull back. They had to put in a new kind of tariff and it seems like that has halted that hasn't really been pushed through like before before Trump was all about tariffs his first year and uh and that also caused a lot of disruptions to the market.

06:45 But ever since the Supreme Court ruling and how it was the way he was doing it was deemed illegal and then he has to redo it. You know, he it seems like has backed off from that a lot. Uh besides Canada. Um so we'll we'll see where this goes. I mean there's some core pieces to to the tariffs uh that are good or meant to be good but they were portrayed very poorly it seems like.

07:17 So the core concept I think was good. No take that back. or idea or certain ideas were good, but the concept or the implementation um was bad. Let's just put it that way. I don't know. That's a nice way to say it. I don't know. All right. Uh going back to uh Bitcoin and crypto. So, obviously, we've been having some selloffs. Okay. ETF. [snorts] Um, a lot of the Bitcoin ETFs are selling off.

07:53 Okay. Um, ETH, same thing. Although yesterday slowed down quite dramatically. We went from minus 100 to only minus 1.3 million. Soul still had a outflow day. Uh, XRP not so much. So obviously when markets are kind of rocky and then macro fears about inflation and prices and stuff like that does not help does not help Bitcoin and does not help institutions.

08:28 Um so they panic sell. A lot of people just panic sell, panic dump or sell just because they're fearful. It's just due to FUD. They don't really understand the core concept or care. They just want to, you know, make quick money, right? That's what they do. Um, yeah. So, unfortunately, that that's been happening. But, you know what I've been saying? You know, Wall Street institutions, the ones that are selling, they also buy too out of whip, right?

09:02 So when the markets recover, when there's FOMO, they're FOMOing in just like retail investors, right? But the long-term holders understand this concept that you don't win, you don't make money, you don't build wealth by doing that. So long-term holders still here to stay and in fact growing. Yesterday I showed a chart of whale accumulation actually skyrocketing right now because long-term holders understand that this will pass and better days are coming but short-term holders do not understand that.

09:40 So the recent dip basically all from short-term holders and they can include short-term ETF holders and just short-term holders in general. The ones that kind of fomoed in when we started recovering from the 60s into the 80s, almost the '9s, the ones that FOMOed in, now they're trying to FOMO out or, you know, panic dumping because there's so much fear.

10:09 But again, I live through so many of these cycles and just cycles in general. uh not not even relating to crypto just overall just cycles of up and downs uh FOMO periods and recession times you know I've been through four these cycles already were with uh with crypto and two prior just with stock markets and just overall markets [snorts] the ultimate strategy is to hold and DCA and whenever you have a whole bunch of people or markets or analysts or influencers all getting very bearish telling you to sell or you see a

11:00 lot of scary headlines. That's usually when things flip above. Okay? That's usually when we get a reversal higher. That's when you know that a bottom is near. Capitulation, right? Every single time. every single time. So, don't try to outsmart the market. If you believe in Bitcoin, you believe in ETH or soul. Hold on to it and DCA when it's low. That's it.

11:29 That's all you need to do rather than panic dump and then try to FOMO back in thinking that you're going to catch the bottom, but then no, you you you didn't get it and then and then you have to buy back at a higher price. you're going to end up having less or losing money in the process. So, that's what's happening. You got a lot of people that are selling right now that don't understand, but they will when things come back and they're go FOMO back in.

12:06 It's really that simple. And right now it seems like the exodus from Bitcoin may be sending stocks higher. I although I don't I don't quite buy that. We don't have that much money in crypto especially now. Um even though you know we do have ETF outflow and some liquidity outflow stuff like that stable coins it's not enough to drive markets stock markets higher especially tech.

12:33 So I'm not sure I agree with this but the opposite is true. when you have large tech growth and then there's like kind of like a bubble top when there's like a sell-off in a good way not like a forced panic dumping in a way when markets are good and frothy and people want to diversify that's when the money flows into crypto and we have seen that many many many times in the past especially when Bitcoin was coming up from bottom people feel that FOMO and that money starts flowing in.

13:08 So, that is what we're waiting for the next few months and leading into 2026. Yep. What else? What else is there? Yeah, this again, [clears throat] every single time we do recover from bottom, it's never a straight shot upwards. It's never just like boom. It's never from 15,000 to 116,000 straight line up in one month. It doesn't happen. You have recoveries.

13:48 You have these really good recoveries. Then you have a correction, okay? Or a midpoint or like not even a midpoint, just like a small little dip on a grand scheme of things. And then you go up and then you're going down and go up. You're stairstepping, right? It's never just like this, which most people want, but doesn't happen. I mean, just look at the last bottom that we had.

14:18 We're hovering around 156,000 for months. Months, okay? Not just a few days, few weeks. months under $20,000, hovering 15, 16, 17. And yes, I was streaming those days, too. Okay, I've been streaming for way too long. But we had a good recovery back up to about 25,000. Everyone was feeling good. Yes, we were finally moving. And then all of a sudden, we dumped right back down to that 200 SMA.

14:50 We went below 20,000. That's a huge drop. That's a huge drop at the time. And people became distur discouraged and we had massive people selling off. We had short-term holders panicking and leaving. And then look at shortly what happened afterwards, right? Not only did we do a V-shaped recovery, we broke through 25,000 and kept going. Then we hit 28,000 30,000 and then we came back down a little bit.

15:31 See, this is what I'm talking about. This is normal. It happens with all markets, but especially with Bitcoin because we do have a lot of manipul a lot of manipulation, a lot of market makers liking liking to clear out like uh leverage and stuff like that, right? So, it happens. But imagine if you panic dumped at 15,000 or you panic dumped at 20,000 or 27,000.

15:59 I mean, as bad as we are now, 74,000 versus 15,000, that's a 5x, right? So imagine the next bottom, wherever that may be. Okay, we fall to it and we start recovering. If that's 5x higher than this point, that puts us at like $250 to $300,000. That's like the next bottom plus with the dip. So think about that. That could be in another three years. So this is why you want to hold DCA and not panic dump.

16:45 And then uh you know when zoomed out, this is what it looks like, right? When we do recover after all those stairstepping, okay, overall you're doing that every single time. Every single time you end up like that, it's just slower than what people want. That's it. That's it. All right. Outside of this, what else? Uh this is good. SEC enforcement fall 24%.

17:18 This is what I'm talking about. A lot of people, a lot of people think, well, because we didn't get Clarity Act, that crypto's kind of screwed. No, the SEC and CFTC are both so pro- crypto. They're not really going after all these companies in a good way as long as they still go after the bad ones, which is good. But for the most part, they're letting people and projects evolve and innovate, and that's going to be really good long term.

17:47 That's what we want, right? So, yeah. And then, uh, Kraken is still moving forward. Tokenized stocks, that's going to be a big thing. Coinbase, Gemini, they're all getting into Kraken. They're all getting into stocks, tokenized stocks, and leverage tokenized stocks. Not not to say that's a good thing, but that is that is here. The CFTC just approved that.

18:21 So, that is coming. That is coming. All right. Yeah. Oh, I already covered this. All right. That's pretty much it. Uh, Clashpad still rewarding, still doing well, and I just got an update about Clashpad. I finally heard back from Dex Tools. So, we are going to do something, and I think it's going to be huge, right? They're not quite sure. It's the first time they're going to be partnering up with some sort of launchpad.

18:56 This is totally different from them. for them. Tech text tools obviously is just a list, right? Kind of like CMC for memes. Uh, but we're gonna do something. So, I'm trying to finalize that. That's going to bring it should bring a lot more volume eyes to Clashpad. So, I'm looking forward to that. I just heard back from this morning. So, that is very good.

19:18 And then, uh, Front Line, big updates coming. Uh there's going to be a huge performance update right after this stream to the browser version and then the Unreal version will be out later today, this afternoon or tonight. And this both are phenomenal. So if you haven't played yet, you should. Really, really good stuff. All right, that's pretty much it.

19:45 Let's see. Today, NASDAQ's still holding, so that's good. And then uh and then some of these companies that are way way way oversold is coming back. Oh, I didn't log in. Shoot. Let me log in. A pain in the ass on this computer. Yeah, I forgot my I forgot my password here. All right, I forgot I'm not going to log in. Uh but the watch list is looking great.

20:41 All right, let's do some uh Q&A. Flavio says, "Did George mention a Ledger CEO saying everyone be hacked? Great marketing." I hope he didn't say that because that's kind of stupid. [laughter] Why would anyone buy a Ledger then? Um, so hopefully that's been uh taken out of context. Uh, there was a super chat. What do you think about Standard Charter's link prediction?

21:51 I don't know. I don't know what what Standard Charter link prediction is. All I know is Standard Charter is very very very bullish on Bitcoin and crypto. So that's good. Their CEO understands their CEO last year came out that he holds his net worth like a third of his net worth is in Bitcoin. So that's how much he believes in. They've been very bullish on their calls and I don't think that's going to stop.

22:18 So you know there are orange pill CEOs out there. Um, a lot of them maybe some of them are hiding, but they're out there. Any thoughts on Ripple CFO selling basically everything? CFO. I feel like you guys are exaggerating a lot of stuff. I am not hearing these kind of things, but let's just pretend that's true. Um, in my opinion, that would be a mistake, right?

23:09 I I get if you're fearful, you think maybe there's a big correction coming up next year, you want to make some cash. I get that. But to sell everything and to be wrong and miss out on all the gains, that'd be a mistake, right? If you really need it, you're really fearful, you could sell off a portion or half or something, right? But you want to leave some in the game.

23:35 Not having any in the game would be a mistake. Uh Allan says he did say that, but I think he meant everyone be hacked one way or another. Not saying Ledger will. Yeah, I mean obviously he's not going to say, "Yeah, everyone holding a ledger will get hacked, but yeah, today there was a couple headline news about other things getting hacked and I didn't cover it because there was no point."

24:07 Um, but yeah, you know, this is the good and bad with uh with AI. It's going to accelerate things. There's always going to be bad people and good people, okay? And bad people will use it for bad things and good people use it for good things. Hopefully, there's more good people than bad people in general. That's how it is. Um but yeah, I mean a lot of these companies are getting breached.

24:37 A lot of these wallet makers or whatever chains or bridges, uh hosting providers, database providers, all these guys are getting hacked. Uh you got these vulnerabilities found left and right, ones that actually existed prior. It's just no one got to it. people just thought h you know it's not that important and now what it seems like is like the hackers are just looking at all the exploits that or vulnerabilities that was reported years ago and they're just using that now.

25:11 So that's the thing a lot of it was identified already. It's just people ignored it. Um but you know the leaders of these companies should not be ignoring that. So they know there is a hole. They need to patch it. Not not I was gonna make a joke about that, but I'm not going to. Uh, no ADA news from Charles in a long while. You know, Charles has been on AI bandwagon.

25:46 I've seen him comment a lot about like new models and stuff. A I think a lot of people are. A lot of people are fascinated as am I. Right. The only thing I worry about is running out of usage and and uh and that happen. I have so many accounts and I still run out. Uh but that's how I get things done really quickly. I don't I don't I hate waiting. I hate I hate being stalled.

26:08 Um so yeah, but a lot of people are definitely talking about utilizing it. Cardano and everyone else, you know, uh I don't know how many developers there are for Cardano. I don't know how it works exactly if they fund the development teams. Um I'm sure there are like core members of IOHK that's maintaining. I don't know there are like other external teams that's like developing like midnight or anything else but they all you know they all should be using claw code or codecs at this point.

26:53 I'm pretty sure they all are but you could also have less people now. You don't have to have a many developers. As long as you have the good ones that know what they're doing and are dedicated, that's all you need. >> [snorts] >> Yeah, two models, three models actually came out yesterday. Well, yeah, Fable came out. I think Fable came out yesterday or the day before yesterday.

27:42 Fable 52 is a awesome, awesome, awesome model. uh you have to use our lower efforts. Um Gemini finally released their carbon which they you know they released last week but now they made it public a little late because Fable took all the took all the headline news uh and grabbed all the attention. But Carbon actually after using it is a really strong model too.

28:11 It's it's at a Opus 55 maybe a tad higher level. Argon before was sort of okay. Carbon is a big leap forward. So, those two models are great. GBT still has nothing. They're still way behind. Um, Quen from Alibaba came out yesterday. Quen 4. I tested a little bit. Seems like it's hot garbage. Like all the Chinese AI companies can't do anything anymore.

28:43 After after Anthropic figure out how to make them not distill, they all turn to hot garbage. Kimmy Kimmy's new K3.1 is hot garbage. Deep Seek's new AI is hot garbage. Besides, it's just cheap. Quinn's new model looks like it's hot garbage. Mini Max came out, hot garbage. They're all garbage now. None of them have advanced. Only the American companies have advanced because they're putting in billions upon billions upon billions upon billions of dollars into [snorts] these data centers and they have learned recursive

29:18 learning. I don't think the others have yet. It's not easy. It's not easy. But Google's finally catching up. Anthropic is still leading. Something happened to chatbt or open AAI. I don't know what it is. ever since the hack happened, which I still don't quite believe, um, they they have just basically stopped coming out with models and they're they're really falling behind now.

29:50 I don't know what happened to OpenAI. I don't like sitting around 735. Just think of it as you could buy a lot more now, right? Especially the allst have fallen. Like soul's at 84 right now. Okay, soul's at 84. It was at like 110 115 like a month ago, right? That's a tremendous drop. So you can the best way to think about it, you could DCA a lot more now than try to throw in while it's recovering upwards.

30:31 So, best way to think about it, same thing with ETH, it was at 2300, 24, 400. Recently, XRP was at like 130ish. So, now you could buy your favorite crypto at a 20 30% discount. Nothing has changed other than they got cheaper. the J trader 24. With all this movement, best case scenario, what do you think oil would drop to for us to accept the wars easing and should we keep stacking bags or hold them?

31:18 No one knows bottom. A lot of traders will look at moving averages and stuff like that, but no one knows where a bottom truly is, okay? And we tend to get bottom and reversal unexpectedly all the time. Like the short-term ones, long-term ones, you really don't know. What I do know is holding works. Dain works. Okay, that's why it's called Date, dollar cost averaging.

31:49 It's not just like dollar cost averaging isn't timing the bottom. It's dollar cost averaging along the way. So you take the guessing out of it. So right now compared to 87, we're definitely lower. Good time to buy. Doesn't mean that you had to put all your money in. Whatever you have set or whatever you make per paycheck, if you want to put in a little bit, that's the winning strategy.

32:15 If we fall lower and you keep DCing, you're bringing your dollar cost average down. And then when we recover, you recover faster and make more money. That's how it works. Most people fall for two traps. One is they don't have anything on the side, so they can't DCA, which is fine. Then you just hold them. Number two is if they do have it out of the side, they go all in too early and then they regret it.

32:39 So if they have like $1,000, $5,000 on the side, they're like, "Okay, I'm going to go in right now." and we fall further and they're like, "Damn it, why didn't I wait?" And then that sets like a psychological trap in their head so that next time they're like, "I'm just going to wait more." You know, don't just take the guessing out of it. Just DCA when you can.

32:59 When something's down 10, 20, 30, 40%. You set a schedule or rule or when it feels right, DCA a little bit. DC say a little bit. DC say a little bit. That's it. That's all you have to do. And people that have been doing that have made the most. Simply it. That's quite simply it. A lot of people have accumulated a lot of Bitcoin over the years throughout the up and downs and they are freaking multi-millionaires and some are probably close to centmillionaires now because of all the ding.

33:36 It's really really that simple. Heath, big super chat. I appreciate that. Appreciate it. Been uh Hey George, been watching since 2020. Appreciate everything you do. Keep up the great work. Looking forward looking forward to Clash World. Me too. Me too. Now with Fable 5.2, I feel like I could get more done. I had a setback recently. Uh so I may just start over from scratch.

34:02 I made a I made a crucial error where I thought that, you know, porting from JavaScript to C++ was easy. It's actually hard, much harder than it sounds. Even with AI, they're just not good at converting it and there's no easy way to do it. So, I may just start over and start over from scratch and just do Clash World completely in C++ for using the Unreal Engine.

34:30 So that I think that would actually get me further and faster. Um, but I had to do that for Frontline too and it took way longer than I expected. And that's why I've been working so hard to plug all the bugs because again the conversion from JavaScript to C++ has been uh a bigger job than I expected. But Clash is going to be amazing and the Unreal version of Front Line is going to be amazing too.

35:00 Especially we get once once the market gets better, people are paying attention more and then we have bigger tournaments. It's going to be good. It's going to be good. And it's all helping Clash. I managed a Cobalt Financial System for 10 years. Age me 20. Yeah. Now, well, here's the thing. Here's here here's uh sometimes you got to be grateful for what you have because because some of the most annoying things out there are the are the things that keep you from from keeping a let me say that again.

36:03 Some of the most annoying things about your job is the reason why you have a job. Let's put it that way. Okay. Now, we're all human. We get frustrated. We don't want to deal with angry customers or angry employees or impatient bosses, okay? Or deadlines that you have to meet and you have to work overtime or after hours or weekends, okay? No one likes those things.

36:39 But you have a job, right? you're getting paid to do it. Now, you could argue you're underpaid, which is fine, but going forward because of AI, be thankful that you have something because the next waves of layoffs are going to be massive. And those people laid off will not be able to get another job, another white collar job. Maybe they'll get a blue collar job, a labor job.

37:08 Yes. So right now the most annoying things about your job is why you have that job. Okay? You have that job because there are problems that only you can solve right now. Right? That's why you are employed to do it. If those problems didn't exist or if AI could do your job, then your job goes away. Just think about that, right? So, next time you're dealing with a customer or employee and they're annoying as f, just think about it that you exist, you have that job because there's a hole, right?

37:55 There's a hole that needs to be patched and you're that patcher. But if that hole didn't exist, that problem didn't exist, you would not have a job and things would been much worse. And and with the acceleration of AI, like I said, in 5 to 10 years, there will be no white collar jobs anymore. It's all going to be replaced by AI. Maybe there's a few compound that are managing AI systems, but that's pretty much it.

38:26 Um, it's already happening. you're seeing massive layoffs everywhere or early retirement or buyouts and stuff. It it's it's starting already. So, you got to prepare yourself for that. Yeah, I mean I I I know it. I was in I was in IT for a long time. I deal with customers. Started in, you know, PC support at just like a local PC shop. had to deal with a lot of stupid people that ruined their computer or don't know how to upgrade or something died, you know, and uh I get it.

39:23 But hey, that's why that job existed. And then in the corporate world, same thing. Call center people like saying, "Why doesn't this work and why doesn't that work?" Hey, go freaking restart your computer. that solves 90% of the problems. Um, and it's annoying getting endless calls. Basically, just tell them to restart the computer. But hey, that's why that job exists.

39:51 Uh, then moving up the ladder, same thing. Uh, once I got into uh system admin and then became a system architect and I had to design systems, same thing. You know, you have VPs and stuff imposing deadlines, even ones that's not in your department, you know, saying, "Why isn't this done? Why isn't this working?" Blah, blah, blah. I had to work countless countless nights and weekends.

40:18 System maintenance system goes down, you know, all this stuff. But it's why the the job exists. But now it's different. Now everything can be maintained by AI. Now there's M MCP for everything. And you don't even need an MCP. You just or API access. I mean, everything can be done with AI, even system maintenance with the exception of pulling out drives and installing new hardware, new rack mounts, but everything inside Windows server or Linux boxes or databases, all could be managed by AI.

40:56 Every single system that exists is being integrated. So all these annoying jobs are all going to go away soon. I I I I just don't I don't understand what the newer generation is going to do. I really don't. I'm trying to be smart about it and think about it. I don't know what they're going to do. And it's not going to be abundance like what Elon says.

41:36 Elon says AI will bring so much abundance. Everyone could choose to work and just sit at home and do nothing. The world doesn't work like that. It's not going to be like that. There'll be halves and have nots. It's always going to be like that. So I don't I don't know what's going to happen in 10 years. Am I getting a Dropics IPO? I will after they die down.

42:15 Just like SpaceX. I think they go open up really high and then come down and then level out at some point and then that's when I'll buy, right? SpaceX did that too. I mean it the first two days was high and then it went down to like 110 and then and then uh it leveled out and then finally came up. I it's going to be the same thing on anthropic. But they are so far ahead of they're trying to kill every industry.

42:43 They've been releasing a lot of stuff. Yesterday they released something that basically replaces u like office like spreadsheets and powerpoints and all this stuff. like they're coming out with all these new things that basically replace all the existing systems that exist. So Google is threatened, Microsoft is certainly threatened. I mean Anthropic is going after everyone's throats.

43:11 And the thing is they have everyone's data. They're at such an advantage. I don't know why I I'm pretty sure in the future people more people will sue anthropic and open AI and these model makers because here's the thing if you're a developer and you're working on Microsoft and uh you're working on some new feature or new project something that hasn't been released and you're using cloud code to program it guess who knows what you're programming their AI I are helping you develop it yet they're distilling your idea.

43:49 So it's all in their brain. So when anthropic the employees are asking their own AI like hey what are some new ideas right the AI is going no it's like hey I worked on these million projects what are the good ones that are worth doing and they're going to come out with it right so this is why anthropic and open AI have such a huge advantage over everyone they know what everyone else is working on so unless all These big tech companies use a open source model that they locally host.

44:27 All these big companies, what they're doing is distilling everyone's ideas. They're taking your ideas and they're going to make it better. So, that is something that's happening now already. So, I'm I think there's going to be a lot of lawsuits in the future where Microsoft and Apple and and all these guys are going to start suing Anthropic Open AAI or or Google or whatever.

44:50 They're going to start suing each other because these guys are going to come out competing products and they're going to figure out that they they did that through the distilling, right? But then there's probably some agreement that you okay when you sign up for account that says that they're allowed to do that. So again, it's a it's a weird situation.

45:20 It's a weird situation indeed. Have you heard any vulnerabilities on treasure wallets? Never keep me up with their news. I like their open source versus shady ledger. That's just the wrong way to put it. [laughter] [snorts] Uh yeah, they they were the core software has not been hacked, but their email servers were hacked many times. Same with Ledger.

45:49 Ledger itself was never hacked too. It was always the the third party email vendors that got hacked. Oh, damn it. I gota I gotta remember my password. Uh, let me see if I could remember my password. I just changed it. There we go. Now I finally got it. And then I got 2FA. Anyone that has us use a Gmail, make sure, okay, to turn on Google Authenticator.

47:32 make sure you do it because people will try to hack and uh and that's what saves you. So even if they somehow get your password through some service or third party that leaks it, they can't get in. Um so turn on and use like authenticator. Don't use email or anything. Use email as a backup, but use the authenticator first or use your phone as authenticator.

48:08 Jordan, what do you think about people that work at the for the state IT coding? They save from AI. No. No. No [sighs] one no one is safe from AI. With the exception of maybe maybe me, but even even content creators. Content creators dying breed. You get AI content soon. Pretty soon you can't tell who's real or who's not. In the future, I'll be able to douche these streams using AI.

48:40 AI will study my speech pattern, which they could already do. They could mimic my voice perfectly. Um, you know, pretty soon they'll be able to study all my, you know, my facial expressions, how I look, how I react to things. They'll be able to create all this on the fly, and I'll be able to host these without me doing them, and no one will know the difference.

49:08 Uh, that's the thing. Everything will be replaced. And if you think they're they're not, then then you're go be in for a rude awakening. When when you lose your job and when something happens, uh you go say, "Well, George is right and now I'm screwed." So, what do you do about that? There's only two things you could do right now. There's really only two things.

49:33 One is you make as much money as possible. You figure it out within the next five years. you make that your biggest goal to accumulate as much money as much wealth as you can because after five years things are going to change in a big way for sure 100%. And then number two is within this five years also learn how to use AI as much as possible. Either learn it in terms of how to help your own company like creating a new company or if you're entrepreneur how to grow your own company or make a new company or just

50:10 increase your skills with it. And then andor also figure out how to use it to improve your job at your company. Even if your company is limited, even if they tell you this is what you should do, figure out how to do it better or more efficiently or become more important in your in your position so that you get fired last. Okay? So, you're not fired first.

50:37 You're not part of the first wave or second wave, third wave. Maybe you're part of the last wave that goes. Right? Those those are the only two things that you should be concentrating on. Everyone should be concentrating on how to make how to make as much money as possible in the next five years and how to utilize AI to be better. That's it. Those two things.

51:02 And if somehow I'm wrong in the next 5 to 10 years, AI doesn't take over all jobs. It doesn't matter. You're you still benefit from that. But if I am right, then at least you're somewhat prepared for what's coming. I mean, everyone knows it. Like, uh, we, you know, we had a, we had a party not too long ago. I forgot what what party. Fourth of July party.

51:43 Uh, oh, we also had a party for the kids, their swim team. A lot of parents came over. You know, everyone's talking about it. Everyone's kind of joking about it. You know, everyone's like, "Yeah, you know, I'm going to get replaced soon." You know, everyone's already thinking about it, but they don't really expect that it's going to come anytime soon until it does.

52:07 So, it's not like it's not like people are oblivious to it. I think there are some some people still think AI is just like Google. It's not. It really isn't. It is really different. Uh but there are people that are like, "Yeah, it's just it's nonsense. It's just like Google. It's not going to replace anything." Well, those are people that are going to be really royally screwed in the future.

52:54 God damn it. I thought I logged in. All right, I'll figure it out for tomorrow. [laughter] All right, guys. I'll get back to it. Finish up some stuff for Front Line. Try to get this thing going with Dex Tools. Work on Clash World more. I love it. I enjoy it every single freaking minute while I'm awake. Basically, I'm using AI and you know, and using AI, just so you know, is more than just going on chat to be asking questions.

53:26 And it's more than just telling AI to code something. There are a lot of tricks, a lot of things that help um make things easier so that you're not wasting time and tokens and all that stuff. So, takes a lot of takes a lot of usage to figure that out, I guess. All right, have a good one, guys. Overall, we are where we are, right? Today, we have a good tech day, so maybe it could carry into Bitcoin and crypto, but we do have some short-term sellers that do not believe, but it's okay.

54:06 It's okay. There go FOMO in later, but this happens every single time. So stay strong my friends. Stay strong. Have a good one. Take care.