BITCOIN: INSANITY NEXT!!!! Transcript, AI Summary & Key Points

00:03 Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as you can see right now, Bitcoin did something monumental. Absolutely monumental during the last 24 hours. We did close above the previous May high. It was used as support. And this is the most bullish scenario that is unfolding at least this far. You remember last week we discussed what is the most bullish scenario?

00:25 Is it that we just keep mooning and going higher and higher? No, because if you moon without any kind of small pullback, you don't build a base and uh the the moon normally stops very quickly. If you want a sustained moon, you want a nice bull market, you want to occasionally come back and just to confirm the previous breakout, touch touch the previous uh resistance.

00:49 you break it and then to confirm this breakout, you just touch the previous resistance which is now support and then bam explode to the upside. This is the most optimal path for any kind of asset that wants a sustained fantastic long bull market that you take a small pause you go further. You take a small pause you go further. Should we have just explosion to 100k?

01:15 You understand? We may have a situation like in 2019 this is the problem. You remember here, this was already so long ago. Holy crap, guys. We're getting old. But you remember here, we had an crazy explosion. It was just green, green, green, green, green. Very few pullbacks and then it collapsed and we actually went to uh 3K, 3.8K. We went very fast to 14K and then back to 3K with the COVID and everything.

01:39 So, we don't want that. Instead, we want very nice, very controlled ascent so that we don't have a flash in the pan kind of situation. So, this far is good. We've had three green weeks, one red. Now, if we have another green, it will be fantastic. And of course the target now I mean the target for us that uh we need to break is just go above the the previous highs here at 87 the previous cycle highs at 87 and then go towards 100k which is very likely in my humble opinion to happen in the coming weeks.

02:13 Obviously everything is probability. Obviously everything is possible. Obviously here's a big fat disclaimer for all of you plebbe who think that there is any certainty. Nothing is financial advice. I mean people with money normally understand it. It's normally the poor poor plebbe who is shocked who shocked. He thought that Ivan would tell exactly exact exact everything and there is no risk.

02:33 There is always risk. For all I know you may lose all your money. all your money you may lose very quickly. The playby is at a big risk because his biggest enemy is his own brain. Disclaimer, very important. And uh yeah, all in all, welcome everyone. It's Monday, Monday, Monday. What are we doing? Welcome everyone. Smash up the like. Subscribe as soon as possible.

02:58 Here's another problem for the pleba. Bulmania is closed. And to join Bulmania once we open up, you will need 100K plus portfolio because the bull market is here. We are mooning higher and higher and we we have to we cannot we cannot let everyone I mean I say it is what it is and in a one way I'm a bit sad in another way it is the reality is the reality the we we cannot have endless member we cannot have endless resource so we are cutting we're cutting the bridge for the pleb rich become rich but the pleb I I've been

03:30 telling you I've been telling the plebus to join bulmania before we we remove access before the price and Play by and say, "Oh no, I'm going to wait for Halloween discount or whatever." Play Halloween discount. Ah, what is this? What is this? Guys, welcome everyone. Let's go as soon as soon as possible into the market. Welcome on all the players. I mean, guys, we're all play in one way or another.

03:52 I'm just joking. We're all pleb [laughter] in one way or another. I'm a play at many things. Okay, so uh Bitcoin looking good, guys. XRP. What's happening? XRP. Oh, XRP. Look here. XRP uh bullish but but but there was a critical hack. Let me find it somewhere. Where's this critical hack here? The biggest hack in crypto that never happened. Last month, our AA discovered a vulnerability that let anyone mint indefinite infinite tokens on XRP also indefinitely.

04:27 I guess XRP is the fifth largest cryptocurrency bigger than Solana and USDC. and you basically had the entire market cap at risk should this bug have been exploited. XRP launched with a fixed supply of 100 billion tokens. You can't mine or stake on the network and each transactions burns a small fee yada yada. The bug we found allowed any unauthenticated attacker to create 18 trillion XRP with a single transaction.

04:56 Guys, this is the problem. This is the problem. 184 times the supply. This puts the full 94 billion at risk. More than 60 times the largest crypto hack uh on record. And this is a decade old bug. This is the problem with AI guys. I mean XRP is one example, but there are many examples now where AI is going absolutely bonkers. Absolutely absolutely bonkers.

05:21 The AI now is copying Photoshop. You guys have probably seen it that during the last days, especially if you've been on Twitter, you've seen all of these AI [clears throat] vibecoded versions of, for example, Photoshop, for example, After Effects, and many others that are very good. Like literally, there are guys, dudes in the basement copying entire products for billiondoll companies.

05:44 And especially if you are not a SAS, uh you're just, you know, like an app, uh you're in big big danger. For example, Photoshop. Now, if you the SAS companies, let's say HubSpots and more of this like CRM business stuff, it's a bit different. They have a bit of a mode, but not for long, man. Not for long. Not for long. So, oh no, if you search for Artcraft, Artcraft, you're going to see this guy uh basically creating all of the copies.

06:14 launches also word Microsoft Word wrecked um all of the Microsoft stuff he's copying and all of the all of the Adobe stuff he's also uh also copying so this crazy guys it's crazy so we have the IP basically this notion of IP in software disappearing that's number one number two you have this by the way this how it looks like photocraft vectorcraft this is this is Premiere Pro um I haven't tried myself Well guys, please try it.

06:44 Can can all of you guys creatives in the comment section tell us is this good? Because I saw a few YouTube videos on this and it seemed very good. I saw a guy comparing Photograph to Photoshop. It was very good. Uh vectorcraft like all of this is vibe coded and basically the way it works is that the AI sees the app and the AI goes into a loop implementing it.

07:06 So you just give AI the app. Hey, here's Photoshop. Copy it. It doesn't even have to reverse engineer it. It just looks at the features and takes one takes one step at a time and then goes into this loop where it can run for days. All of you who have been vioding seriously, you know about loops and it can be there and you know within five days it has something that is very similar if not exact.

07:27 So that's when it comes to IP but also on the other hand the same loops can obviously be used to find vulnerabilities and XRP is one example and the many different chains are at a big big risk of AI hacking and you have to be extremely careful. You have to be extremely extremely careful. Of course, the chains, the crypto projects can use AI now to defend themselves to look for vulnerabilities faster, but I think we're going to see a lot of this hacks, guys.

07:56 Like in DeFi especially, we're going to see a lot of the hacks. Uh central exchanges have to be super careful. Super careful. But at the same time, there are no industries that are risk-free. We are in an industry where hacks are a problem. They may become an even bigger problem now with AI. I mean we may even lose uh encryption as we've been speaking during the last last week.

08:17 At the same time there there are no industries with zero risk absolutely zero risk. So it's all about where you where you put your risk where you decide to engage what kind of industries you decide to be part of. So just uh use your brain for example uh looking at defi personally I'm not using defi like for getting some yield some small yield because you never know with the smart contracts.

08:39 You just never know with the smart contracts if it's good, if it's stable, it's going to be hacked or it's one small example where I choose not to chase, you know, a few percent here and there by using DeFi. Um, it's not for me. It's not for me. What do I get back? I get a few percent. What do I risk? AI getting taking the money. Even XRP that has been around for so long, they have issues.

09:02 They have issues. So, yeah, that's very important to keep to keep an eye on. Now guys, another problem [laughter] this we have many problems guys. Another problem is with the ledger. So you know that ledger basically discovered that many people in Southeast Asia got hacked and they didn't understand what's happening. How come how come that uh all of these Asian dudes uh are hacked?

09:28 Only Asian dudes. Europe not hacked. But all of the Asian dudes hacked left and right. Left and right. The Asian dude hits a sushi. A boop. The the money is gone. The money is gone. Another Asian dude hits a bow ban and a boop. Money gone. Money gone. Korean barbecue. Boop. So they see money. What's happening guys? What's happening? All the Asian dudes for some reason lose their money faster than they can blink.

09:57 So they do investigation. Again, it's Ledger. Ledger again. They do investigation. Turns out the hackers bought a store that sold ledgers. They didn't even hack the ledger to begin with. They first bought the store that sold a bunch of ledgers. That's number one. Number two, they then bought a This store is called Cryptobillis, guys. If you bought from CryptoBillis, be careful.

10:25 Be careful. So first hackers buys the store cryptobillis. Many Asian dudes buy their ledger from cryptobillis. So they have a big customer base. Next they start very carefully very carefully to tamper with the devices very carefully. They just open them up see how they can get some chip in there and uh they start selling these ledgers uh and the ledger software cannot recognize that it has been tampered with.

10:52 Normally this hardware wallets have an anti-teamper software and hardware that basically checks that everything is uh is okay that it hasn't been compromised. Ledger software did not figure it out. They did not see that it has been tampered. So big problem if you are in Asia if you've been buying from CryptoBillis file for a refund. [laughter] So, isn't that crazy that the supply chain attack is now quite complex?

11:21 It's not enough to just hack Ledger or find something. It's actually easier for the hackers to spend a few million or I don't know how much. Probably not even that much. Just buy the freaking store. Probably a few hundred thousands. Maybe not even that. I mean, who the hell knows? I've never heard about Cryptobillis. I doubt that it's a big brand. It's It's a I doubt that.

11:41 Maybe even tens of th Who knows? You buy them. You're legit. You hire a guy, the cashier. The cashier needs to smile when the guy enters the store. Smile and say big big welcome. [laughter] Get the guy to buy a device. So what is the solution here guys? Never buy your device from a store. You buy from the website. Now the problem when you buy from the website, you leave your address.

12:11 Then ledger get hacked anyway. You understand? So it's a big problem. It's a big problem. If you want to be super riskoff, just buy the freaking ETF. You buy the ETF, something happens. If Black gets hacked, you're a creditor. You're likely going to get something back. Uh here, you buy from Cryptobillis, you get nothing back. No one cares about you.

12:29 You're not a citor. So, uh it's a big problem. It's a big big problem. Maybe some I'm thinking, is it, you know, the traders hacking all of this to prove that the ETF is good? Yeah. For the average person who just wants security, ETF is not a bad thing. Again, it's not cy cyber punk, cyber punk, cyber punk. It's not cyber punk. What is it? 20 55 or what was called?

12:54 But at the same time, you you see the problem. Imagine your your uncle. Imagine someone who is who's not mega, you know, mega out of tech, but still know someone that has serious money wants to put into uh into crypto. Would you tell them to buy a ledger? Man, I don't know. I I don't know if if I would tell my my uncle to buy a ledger. either he gets you know scammed by by a store or his data gets leaked.

13:16 Uh meanwhile trad has caught up where he can call his private banker and say hey listen put the money in bitcoin ETF is it's also getting better from tax perspective. So from a prag pragmatic standpoint, if you're not dealing with this, you know, small coins that don't have ETF, you understand it's you need to consider carefully here. Should something happen in TRFA, you are a creditor, you're a respected person in the in the in the eye of the law.

13:43 Should something happen to your uh ledger, man, no one cares about you. You are a brown substance and you're not Nutella. In the eyes of the law, you become a brown substance and it's not Nutella. And uh it's Yeah. And that's it. And that's it, man. Should Black get hacked, man. You're going to be you're going to be creditor. [laughter] Like I was a creditor in the FTX case.

14:08 I got all my money back. Probably more if you look at the exchange rate because ETH actually dumped [laughter] my Vitalic Vitalic did more harm than than Bankman. [laughter] And of course, there is a bit of a story here with how the Bankman uh came about. And really how it all started. This this is AI slop from a small peep but it it really tells you the story from centuries and centuries ago.

14:32 Listen to this. My name is Ivan Ivanovich on. In our village we sell our turnips for Bitcoin and keep our wealth in Bitcoin. I trust only the mechanical rules, the plow, the seasons, the millhe. This is my neighbor, Beyb That Sar released him from prison, but forgot to give him new clothes. He eats nine times a day and gives investment advice to the goats.

15:00 On the hill, leaves a very wicked scoundrel. Simon Bankmanovich Fredov, he wears shorts in winter and sleeps on a bean bag in the barn. He runs the village exchange. You give him your Bitcoin. He gives you a piece of paper that says you have Bitcoin. Beya gave him all of his Bitcoin. >> Mhm. >> You know what I say to that? Not your keys, not your coins.

15:24 When I grow old, Bey will take over my Bitcoin. But I have my worries about him. [laughter] My What the hell? Small peep. He's becoming more and more creative. [laughter] Poor Ba. Poor Ba. What was called Simon Bankmanish? Fredov, man. Fantastic. F [laughter] man. What's happening? >> My name is Ivan Ivanovich on Techov. In our village, we sell our turnips for Bitcoin and keep our wealth in Bitcoin.

16:04 I trust only the mechanical rules, the plow, the seasons, the mill wheel. This is my neighbor boy that Sar released him from prison but forgot to give him new clothes. He eats nine times a day and gives investment advice to the goats. On the hill lives a very wicked scoundrel. Simeon Bankmanovich Fredov. He >> is the perfect name. Is the [clears throat and laughter] Simon Bankmanovich.

16:32 Perfect. Perfect. Is the best possible name for a guy uh in Yeah. >> Fredolf. He wears shorts in winter and sleeps on a bean bag in the barn. He runs the village exchange. You give him your Bitcoin. He gives you a piece of paper that says you have Bitcoin. [laughter] >> He gives you a piece of paper that says you have Bitcoin. That's amazing. But amazing [laughter] coin.

17:04 Bey gave him all of his Bitcoin. >> Mhm. >> You know what I say to that? Not your keys, not your coins. When I grow old, Bey will take over my Bitcoin. But I have my worries. >> Oh yeah. Yeah. Holy crap. Big shout. Big shout to small peep. But it's a big problem. Not your keys, not your coins. Yes. But if you are in Cryptobillis store, Cryptobillis take your coin.

17:27 So Simeon Bankmanovich can take your coin, but Cryptobillis Asian store can also take your coin. So guys, be careful with your coin. Be very very careful with your coin. So um in terms of uh Bitcoin we are bullish. I like I mean I like how the chart looks guys you know I um I gave my personal advice personal non-financial uh opinion personal how how say I mean personal opinion personal non-financial advice opinion on Twitter also in the newsletter guys in the newsletter actually if you go to description you should go

18:07 to the bullmania newsletter I mean this newsletter man we nailed it we nailed it just last few days let me let me actually pull it up you guys in the newsletter. What happened when uh when prices dumped? What what what did we do in the newsletter? Can someone remind me? Can someone remind me what we did in the newsletter? Um it's another thing I I keep saying the newsletter is amazing.

18:28 It's amazing. And no, the it takes one second to write your email, but no no. What is this? Look here, guys. Guys, guys, look at the panic that was on October 9th. On October 9th, what did I say? I am bullish. I think that dips are for buying an early bull. I don't over complicate it. This was October 9th. Go back, see what happened on October 9th. Uh go back, see the the drama the drama on October 9th.

18:55 By the way, guys, one second. One second. One second. One second. One second. Hold on. Are we back? See, in my in in our studio there, there's a bit of an issue. Sometimes I have to like plug the cable fully. Are we back? I I see the cable is not fully plugged into the fiber. Like, man, put it back properly. Put it back properly. We should be back. We should be back.

19:31 Anyway, guys, you you understand the point. October 9th, we did this with love. I even told you guys with love. With love. Who Who sends you Who sends you newsletter and writes you like this with love? Does your wife do that? Because Ivan does. [laughter] And look here. Look here. Not only with love, but also look at the date. Look at Look at this. I'm bullish.

19:56 Okay. I'm bullish. Dips are for buying in early bull. The time to be bare was last October. Okay. And with love, with love. So guys, newsletter very important. And yeah, basically it's Monday, so there's not too much that has happened during the weekend. We can soon go to Q&A. Let me just quickly see some stuff. Michael Sailor, always room for more orange.

20:20 Yes. Yes. Likely is going to be buying. Oh yeah, the monthly candle. We're looking at the monthly candle. Monthly candle. Bullish and engulfing. You see bullish and engulfing meaning that we close uh above whatever this previous month was. Okay, very important. Or actually Lucy is it is three month guys. It's quarterly. We just closed a quarter. Exactly.

20:43 We just closed a quarter as well. Fantastic. Fantastic. Fantastic. What else? US Treasury going to be buying four uh what is it? Billion four billion of its own debt. And guys guys there there are many countries that will have to buy a lot of debt. You see France France has many issues. Now we don't want to get political. Um, we don't want to get too political, but you know, in France there are big issues.

21:09 There are big big issues for main different issues. And I'm not even speaking about that. If you go out, uh, it's it's uh, yeah, anyway, we're apolitical. But I understand it's should I say something? No, I will not say guess. [laughter] I will be in big trouble. Big big trouble. But it's a big question, you know. Is it civilized or it's um, anyway, I I will be in big trouble.

21:34 Let's not speak about that. But also uh outside of uh what's happening on the streets there is something that that is very problematic and that's the government debt. The interest rate on the debt is very high. Meaning that no one wants to lend France's money. No one wants to lend the money. They have big problems with uh pensions with social spending with uh high tax already.

21:56 We cannot raise more tax. basically high debt, high expense, um low income, okay, low income, taxes don't cover all of the things that the government wants to do. And then you have this guy, uh mega mega lefty basically saying, "Hey, I don't care about the bond market." Looker look. So basically saying you know what what market what market it is very very true that France has to reassure the market.

22:44 It's very true France really has to reassure the market that uh otherwise it cannot raise money. He cannot he cannot finance the government. cannot sell bonds. If you cannot sell bonds, you can chat with AI what that means. If you cannot sell bonds, if you cannot have government debt, you can chat with AI what that means. It's fito. It's fito. Absolutely fito.

23:03 So [clears throat] when you are in such situation where bond yields are very high, you need to explain to the market for example by increasing tax. I mean cutting spending you have to you have to figure some out some stuff out. It's like with a normal person. You bought a bunch of plasma TV, Xbox, PlayStation on credit for you to get more credit. Let's say now you want to buy a house.

23:24 Okay, you need to figure out do you have more income for for the status, the tax, but they have so high tax already. [snorts] Do you have what expense you have? You understand? It's the same for literally exactly the same. Exactly the same. Exactly the same. Now, if you are in France, let us know how much power this guy has. But you know with the recent developments I can imagine that these dudes have a lot of power.

23:47 Just looking at Sweden this uh mega left uh which is not really about social justice. I mean it's about many different things. [laughter] Uh is it I don't know if it's for the workers guys. Uh but anyway let's not get we're a police. I just I remind myself we're a police a welcome if you are left also but tell us in the in the chat like how big is this guy and what is the trajectory?

24:08 Where's the trajectory? Because he's saying f the bond market. Oh, you don't want to say that. You don't want to say that. H it's repeating itself. Anyway, so uh what will this lead to? What [clears throat] will this lead to? They will likely have to buy their own bonds again. Print money, buy their own bonds. France is very critical to the EU. Obviously, it's Germany is not doing that well either.

24:54 So you may have a big issue in the EU in the coming uh years when it comes to the debt crisis, the sovereign debt crisis. It's going to lead to printing. If you cannot raise from the market, you cannot raise money from the market by selling bonds. You will have to print money. That's the only way the government can raise money from the from the market, sell bonds.

25:16 They can print money and buy their own bonds. Basically just printing money. They can increase tax. No one's going to do that. I mean, imagine what's going to happen to France if they increase tax. Uh, yeah. Yeah. Yeah. Yeah. Go. You see how the street looks already? And you know, these dudes, they just need a reason. They just need a reason. I mean, these dudes out there, do they care about the schools?

25:39 No. You think [laughter] they they care about the schools, which is the current, you know, reason. These dudes, they don't need a reason. They they they have other reasons. They just need an excuse. So if you give them another excuse that time, oh they're gonna go wild, guys. They're gonna go wild. So basically guys, you want to own assets. You want to be an asset owner because this will not end well.

26:04 Uh you need Bitcoin, you need Bitcoin, you need other assets as soon as possible. Uh the US, they going to be buying their own their own debt sooner or later. Uh and also already now they're deploying a bit, but it's not even the biggest story in my view. The biggest story is what's going to happen to stuff like France and uh which is a bit under discussed but it's it's not doing well.

26:25 Anyway, for us it's bullish. That's the main thing. We're bullish. For us is bullish. Let's listen to Tom Lee. >> Where do you think ETH will be at the end of the year? >> You know, I I think Ethereum should exceed its all-time high. So, I think it's above 5,000. I think Bitcoin is going to be over 100,000. And if that's the case, then I think Ethereum is around 7500.

26:49 And are there indicators you look at in the market? Like what do you typically look at to inform usage of the infrastructure and have a bit of those those forward views? >> I mean I think there's already a lot of I think that I think crypto is a thematic story and what I mean by that is that in 2016 2017 that bull market was really an ICO story. Uh but it was principally retail investors but it was huge.

27:17 I mean, it didn't take a lot of people to to cause Bitcoin to hit 18,000. And then in the 2019 to 2021 bull market, that was a lot about NFTTS, which was, you know, a novel innovation, but that was again pretty much a retail boom and and you saw massive moves in crypto prices. But this bull cycle is coming at a time when institutions are building a lot of products and I think we're seeing some real innovations.

27:46 I mean like Ando announcing private markets today, that's bigger players, bigger dollars. I think this is going to be a much much bigger cycle than than what we've seen in the past. >> I think much much bigger. Now there is one thing I want to tell Tom and that's that you know sit up straight. Sit up straight because you know you got to sit up straight Tomy because what is this?

28:11 Why he sits like this? Why he sits like this? You know, markets are great, but if you don't sit up straight, your health is going to be affected. I have to remind it myself sometimes as well. Let me let me actually sit up straight here. You guys also, if you're watching this, sit up straight. So, yes, we're bullish. I mean, I mean, I think everyone is kind of bullish at this point.

28:31 Uh, but not everyone sits up straight. Okay? [laughter] You got to be sitting up straight. So, yeah, that's that. What else, guys? That's it. Let's go to Q&A. There's not too much else. Uh it's been weekend weekend nothing has happened. Let's just go through some u uh stats with our Bulmania arena. If you go to link below arena.bullmania.com you connect your Pionex you're going to be part of our cash back.

28:56 So 10K is given out every month to people who trade above 100K volume on Pionex and they are our affiliate. So if you go to arena.sboomia.com boom.com link in description you you you follow simple steps how to connect your pione so currently we have this guy 53 and uh UAD ends with 53 at 1.8 8 million. He's the number one. Uh then you have this guy, this guy, this guy.

29:22 So this money, it cannot be withdrawn, but it can be used for future trades. That's why we call it cashback. So it's basically a very easy way for you if you are trading on Pioneex, just come here, connect yourself to this website. So you you at least participate uh because you just need more than 100k volume. And 100K volume is not hard to get because your volume comes with whatever leverage you have.

29:44 So let's say you have 1K, you do a bit of trades here and there, it can easily add up to 100K, especially if you trade with per bit Unix. We have even bigger giveaway. [clears throat] It's not giveaway again. It's a cashback pool. The correct word is cash back because it can be used to do new trades. So [clears throat] uh this is even bigger, but you see only how many people five people now qualify to share the price for October.

30:07 And this resets every month by the way. So, if you are in Bit Unix and you're trading on Bit Ununix, go and connect your account to Arena as well, so you can be part of this uh cashback. And we're going to be adding more exchanges in the future as well. We just want to ensure that if you are trading using our links, our partners, you are rewarded in in some in in some form.

30:28 So, um this guy is almost qualifying is almost qualifying. If you're watching this and you are UID this one with ends with 11, you you're almost there. You're almost there. So uh Bix now is a bit of a arbitrage opportunity because not too many people here are uh even connected. Uh it's like 15 guys. Uh what is it with Bitunix guys? You use Bunix or not?

30:50 Well [clears throat] or you don't like Bit Unix? It's just fewer guys but you know the price pool is bigger. Pionex everyone loves Pion. Everyone connects. So many people trading on Pionex but Bit Unix go check it out. Just connect and that's it. Maybe it's that they, you know, they they had to remove a bunch of restrictions, but it should be Yeah. Anyway, check it out.

31:12 If you if you trade on, if you trade on any per exchange, try Bit Ununix so you can be part of the arena. You and how to join Bit Unix, you we're going to explain to you if you go to arena.boom.com. So, let's go to Q&A, guys. Questions, [clears throat] answers, debates, and which exchanges should we add next? Okay, that's a good question because when we add an exchange, obviously the most impact is if you guys actually trade on it because then you you're going to be getting the more people from our community are going

31:43 to be getting the uh the uh cash back and the impact is going to be bigger. So, let let us know which exchanges you trade on um and and we're going to see if we can add them as well. So, uh let's go and let's check what's been happening in the altcoin space. You have layer zero. Let's see here. Layer zero pump filecoin pump bitway render near near has been a freaking machine with Venice.

32:17 Venice pumping but still discount in the last seven days. Lighter. So yeah, a few pumps here during the last 24 hours. Can you check wormhole? Let's see. Wormhole. Oh, yeah. Exactly. Hyperloop. Probably uh many people use Hyperloop. That That's one reason. Yeah, that makes sense. Uh wormhole looks uh yeah up 40% since the flip last week. Or actually, it closed.

32:53 It flipped like today during the midnight. Yeah. And it's up already since that uh midnight uh flip. Uh yeah, I mean this chart looks good. It's uh how much from the it's a bit of resistance here, but all charts have some kind of resistance just to get to this area is 100%. I mean from a risk persp perspective, I like how it looks. It's kind of like with Stocknet.

33:16 You remember Stocknet? Uh we discussed stock last stream. We said it looks good because you know just to recover to some previous resistances it's so much and to go to alltime high starting to like 30x uh and the chart looks kind of looks like this that it has fallen for so long and now it's bullish for the first time in a long time uh and just you know just to get back to like this resistance 150%.

33:40 So this chart I like there are many such charts now in the in the crypto space and uh that's why you really have to pay attention now. Uh there are many such charts in the crypto space. Uh let's see injective. So yeah, injective you see here it's a bit uh worse because there's a big resistance cluster here and is just 50% pump to it. But also bullish I mean good in in in many regards but if we compare you see here just to get to this uh resistance uh cluster it's 50% and that one had 150%.

34:22 So if you love injective that's good I mean it is bull trend it's bull trend but at the same time if you can get those that have violent pump but it's even further uh to the resistance in my experience my personal opinion my personal opinion those are slightly more preferred but obviously bull trend is bull trend u oh guys by the Another thing, another thing all of the Cardano Charles fans, let me know if you love Charles, if you love Cardano.

34:58 There is uh something which is so see I I uh think Charles is doing something very smart here because he understands that the best time to be bullish >> instead of sharing >> is before you ship too much. Uh you remember we discussed that when Cardano shipped smart contracts that was like the mega mega top and since then it's been down on it. By the way Cardano now looks okay.

35:24 Cardano now is like also bullish for the first time since a long time. But you understand most people got rich in Cardano before they they had tech because when tech is there tech is never as good in reality as in fantasy. So you want to be in the fantasy land as long as possible. That's where the money is made. When there is real tech I mean then you actually have to compete.

35:43 it becomes very very uh difficult. So many coins not only Cardano once they actually ship tech it's down only. Now the most bullish time for Cardano you remember what it was? It was when Charles did whiteboard whiteboard and just spoke about uh and he looked like a 60-year-old professor although he was like 30 like that image was very bullish. Now guys, with Midnight, this also makes me bullish because he's here doing kind of similar or the 18,000 other projects that we have floating through.

36:20 >> Uh, by the way, I think he really kind of left Cardano. Uh, I mean, at least uh how he speaks. Let me see if I can find it. I was watching this yesterday. He said that Bitcoin is version one of blockchain and then ETH is version two, Cardano is version three, and then Midnight is version three. Okay, let's see if I can find it here somewhere. It's here categories, but call them whatever you want.

36:43 You're here in Japan for 15 and that I help together. So I started thinking, gosh, what if we could create a world, a magical little world where all these these these things, these these these night frames could live and act and work with each other and you could watch them grow, evolve, and then eventually use them to solve problems. >> Guys, I'm trying to find where >> Well, how about Midnight City?

37:16 That's what it is. All this time we've been talking about it. [applause] Oh, but you just broke your leg. Oh, no. You were skiing. Had nothing capabilities. Anyway guys, somewhere here in this in this presentation, he said that Bitcoin is version one of blockchain, ETH is version three, two, Cardano version three, and Midnight version four. And he has all these big plans.

37:37 And he's speaking in front of the whiteboard. I like that stage of the project. That stage of the project is wait is louder. One second. has some magic cryptography. Anyway, that stage of the project, whiteboard stage, it is the most bullish. It is the most bullish. Okay, so that's that. [snorts] Uh let's see how it will evolve. But the more he speaks and the less they ship, the more bullish.

38:08 Okay, so if you are bullish night uh midnight, uh you you don't want to be shipping, guys. You don't want to be shipping. Uh, you want to be speaking about the future? Is it here? Oh, yeah, guys. It's here. It's here. Wait, wait, wait, wait. It's here. I found it. I found the Here is where if you're holding ADA, uh, chart looks good, but charts may not be with you for long.

38:32 Uh, listen here. Now, what can you do? You just send your Bitcoin around. And for some people, all these years later, since 2009, that's just enough. We call them maxis. And it's great to have them there and they certainly are very vocal people. But shortly after constructing Bitcoin, a lot of the people in the cryptocurrency ecosystem said, "Well, we need a little bit more."

38:55 And they say, "Well, what do we need?" Well, we need programmability. We need the ability to write transactions. We need the ability to basically make things like issue our own asset, exchanges, dexes, prediction markets, all kinds of things. Guys, this is charts at his best when he's speaking about like he's a professor is is at his most bullish. His most bullish.

39:21 So yeah, he speaks about ETH being uh generation two and look Cardano generation three, but then he has a bigger thing now. No, we wanted to actually have something special there. And of course, there were many good things we learned from the Ethereum world as well. You'll you'll notice that the generations don't go away. They're there. They're nested inside, but we keep getting bigger and bigger.

39:47 So, eight years ago, we asked, well, as an R&D project, which has now turned into a real life thing, what's the next generation? Well, you know, you have a triangle. And before we had the triangle, what did we have? We had a line. Before that, we had a dot. So, maybe, just maybe, if you read the book Flatland, you have a square. How about that? Look at that.

40:07 You know, it's hip to be square. Fourth generation is the fourth generation, guys. >> So, yeah, that is the bull case for midnight. That is like Cardano before Charles shipped anything. He was speaking like a six-year-old professor, although he's thirsty. And uh yeah, that that's that basically [laughter] think about that. But guys, we keep it simple.

40:31 And Cardano was at the peak right when they launched more contracts. So yeah, all that's that. That's guys. Uh, but Cardano as a chart, it doesn't look bad. I mean, it's actually a bull trend. I tweeted the other day that it's the first time it's a bull trend in uh in ages. So, Cardano itself is not bad. I mean, look here. Uh, it's minus 80% from the last cycle highs, - 91 from 2021 high.

40:56 So, all in all, chart wise, it's not bad. It's bullish right now. It's bull trend. At the same time, Charles guys, he's on the fourth generation. You guys are stuck in the third generation. He's on the fourth generation. Okay, [laughter] man. Charles, you know, we joke about Charles, but he just uh create he he creates multi, you know, billion dollar assets kind of in an afternoon.

41:17 You see the for I I love Charles for that. I mean, it's 815 million market cap. Of course, there's some R&D this and that, but mainly it's because he does whiteboard and people love the whiteboard, man. The best thing ever. I love the whiteboard. I love the whiteboard. So yeah, Midnight, we're keeping an eye. We're keeping an eye. As long as he doesn't ship tech, as long as he speaks whiteboard, he's the best man.

41:46 [laughter] Oh yeah. Whenever I watch Charles, he gets so aggressive and always gives his haters screen time. But people want drama, man. People want drama. I do not encourage. So people people love the drama. So if there's no drama, less fun, man. He understands it. It's showbiz. Show. So let's go back into the Q&A. Rusty still stuck in the second generation.

42:28 E hopefully it's going to go to moon. But it's the second generation. You see HR is already on the fourth. Was he 10 times louder? Yeah. Sorry. Yes. I mean, we we have here some live stream. I'm not professional live streamer. Sometimes it's loud. Sometimes I I I see that it's loud. I decrease. It is what it is. It is what it is. You you you need to you need to get used to it's not the first year we do this.

42:51 Okay. I I do my best, guys. When I see that something is loud, I try to bring it down. Uh, and in this case, was he loud? Maybe he was loud. Big big shout out to headphone users and big condolences to our dear dear dear headphone users. Hello. Any insight on Zcash? Why do you say Zcash like Zcash? See, I I get concerned when you when you cannot even spell the coin.

43:17 You see, I get a bit concerned, you know, it's spelled just Z, not Z, you know. And then I I I don't want to I almost don't want to answer because you're gonna get fished. Some scammer is gonna give you zcash and you're gonna think it's Zcash. Is this this not how you spell it, man? Why why why you spell it like this? You know, and then people ask me, Ivan, why why you have why why why you put uh 100k restriction on on Bulmania?

43:49 So because new members in Bulmania, guys, we only work with 100k and up. man something people join ZF we you know we have to start so far back you know [laughter] we're basically leveling up Bulmania to be more of a high school the preschoolers learning spelling Zcash man we can we cannot handle that we cannot handle it I can handle it here in the free live stream in the free live stream I can handle that but man comfortable mania we we we put the restriction uh and by the way we've been saying that for a very long

44:22 time that is we're gonna uh you know we're going to have less we but no no people some guy said oh I was waiting for Halloween discount I told you there's no Halloween discount there's no there's no discount we has zero never discounts never discounts it's only up up counts you [laughter] know increase we only increase we actually want we don't we don't want too many people there you see we we we try to find ways to ensure that it's a good uh uh supply demand and we only increase it's only going up just like Bitcoin so

44:49 you ask what about Zcash so first and foremost spelling lesson. It's Zcash. Just just Z. Just Z. Okay. Next. Uh chart bullish. It's up 52% since the last bull flip right here. So, it looks very good. Um yeah, can I mean guys this thing I don't I don't want to, you know, overexaggerate, but it can go very very high. As long as it's bull trend, we're very bullish on Zcash.

45:17 It is the story of this cycle with the privacy. It is HTTPS for uh HTTP and Bitcoin is HTTP. You understand? So yeah, my bad Zcash. Okay, big shout. Big shout out to Morgan Small. What is small? Morgan Small. Yeah. Yeah. No, no worries. Big shout out to Morgan. But why are you small? It's your last name. Big shout. Big shout. Uh we love Morgan. Uh Andrew Jackson said uh it's a sign of a poor mind if one can only think of one way to spell a word of mine.

46:00 That's that's poetic. That's philosophical. Uh that from a philosophical question, I guess it makes sense from getting fished and scammed. There's only one one URL. Don't don't misspell URLs. You go to the wrong URL because you're philosophical about the spelling. Uh, he's not going to save you. He's going to get drained. One ticker. Uh, is postquantum coins the next big narrative?

46:29 Yeah, it's kind of already is. You see near going up a lot. It's a It's already is and for sure. For for sure. For sure. Quantum is a big uh problem. It's a big danger. Another big danger is getting hacked just by AI. Do you remember dash? Yeah, dash I remember. I I haven't checked in it only a very long time but dash time with optional privacy. Ivan, I didn't see your live stream on my homepage.

47:08 Yeah, that's why you need to go to uh Bulmania newsletter below so you ensure that uh you we're in touch that you have me in your pocket below. Okay, very important. I mean I wish guys I wish I would be able to control YouTube uh homepage that I could put our streams there every day the first but YouTube does not work that way unfortunately. [laughter] You are at the whim of the algorithm whether they show or not show.

47:36 So either you can you can just type yourself I'm on tech uh stream you can join the newsletter you can um set a reminder maybe you can you can buy a you know a clock like this uh vintage that every morning tells you it goes off you can set a reminder in many different ways that's what actually I would encourage you guys go to your phone set a reminder like there there must be a reminder app set a reminder to watch the stream every day so you yourself to take the destiny in your own hand.

48:08 Um, loving ETH privacy. Yeah, what's happening with ETH privacy? There's always something, but all of it fails always. There was I remember there was this Aztec protocol. Where is Aztec protocol? No one cares about Aztec protocol. There was uh yeah, there are a few of these things they try to do and uh always failing. always failing because you need to fix it on the base layer.

48:39 Tornado Cash tried fixing it as a smart contract. Now the guy is trying to not to get jailed. He's fighting and fighting. Big shout to Roman. He's still fighting to not get jailed. And that's why privacy has to be at the base layer, not some kind of smart contract on top because that is a big risk for whoever does the smart contract. But if it's on a base layer and Black Rockck already owns half of it in the ETF, perfect.

49:09 [laughter] Okay, they already own it, you know. Should let's say Bitcoin add privacy on the base layer, it will it will never happen because it's to change the smallest thing. It's, you know, 10 plus years. But other faster ones, let's say if they could add on the base layer, [snorts] do you think Axel will make a comeback? Uh, let's see. From a chart perspective, from a tech perspective, I haven't been following too much, so I have no clue what they do on the tech perspective.

49:40 Uh, don't worry too much about it. It's it's bare trend. It's still creating lower highs. So I I wouldn't worry too much. It first needs to go to bull trend and then at least create one high. I mean at least close here because that would be the first uh real higher high from this. So for now don't worry too much especially don't worry about the tech.

50:03 Oh yeah guys by the way there is we need to speak a bit about penguins paj penguin because the situation with Luca is becoming not too good. uh you see it's bull trend but it actually had a massive dump here and that's normally not good either. You want bull trend to happen and then it pumps. So paj penguin they become bullish only if they come above this line but you know with the situation with abstract uh it is bigger than uh than just uh you know some farmers.

50:35 I mean at first at first I thought it would just be some farmers that are that are mad and that's it. But it kind of became a massive thing. A massive thing. And Luka here has to step step up and um and uh speak to the community um basically do stuff. Let's see. Is Luka doing stuff? Uh he can I don't think he can be quite too long. I wouldn't be quite too long here.

50:58 He Yeah. See, so big shout out to everyone who's trying to fix this with in in pudges like this guy who is some kind of billionaire. He bought 117 pudges. But you see, the community is clearly mad as hell on Luca. Mad as hell in ways where it's no longer just uh you know some farmer. I mean apparently many people have been farming you know in Bulmania and here on this channel we we don't farm guys.

51:28 I mean it's anything can happen. But if they farmed so long and now they're mad, you know, Luca has to step in and uh do stuff. um bring the community together. I don't think that being quiet is a good solution here needs to step in and bring the community together. Uh all in all, shutting down product, I have no problem with shutting down product. Shutting down product you don't want to focus on, shut it down.

51:57 Shut it down. Focus on stuff that uh you want to focus on. If you tried something, it did not work, shut it down. I have no problem with shutting down. But then you have to manage whoever, you know, they they farmed all all of this. Probably should have been more careful with hyping it up also with the uh airdrop. But at the same time, that I can understand because as a founder, you have to be all in until you're not.

52:23 You have to be all in until you're not. There's no way to be a founder and be like 50/50. But yeah, managing expectation a bit better probably good. Um so with Pa guys we need to get above that line to be bull uh here and uh within the coming weeks he will have to bring the community together in one way or another and uh yeah people wanted the damn airrop in abstract.

52:52 They're super angry. They're super angry. They're people are super angry for the abstract way more than I thought. But also, you know, I don't farm, so for me it's like, okay, they shut it down. Perfect. I mean, to me, it's better because no one cares about abstract anyway. You cannot compete with Robin Hood chain. So, if I have my Pi, I have the Pango coin.

53:14 I would rather have the founder focus on stuff that's going to pump that and not waste time on trying to do stuff which will not work anyway because let's be honest abstract would not be able to beat Robin Hood or Solana anyway. It's a totally different thing. [snorts] It's uh it's worth worth was worth a try but clearly after so long time. So yeah interesting it's you have community, you have what makes business sense and you have the NFT and you have everything else.

53:42 Um but it's clear that there is some good faith that has been used here that has been uh because Luca has been accumulating good faith. Everyone loves Luca. Everyone loves Luca and here he expanded a portion of that. Hopefully it can be regained. Uh if he brings the communities together but yeah that's the current state of affairs. That's current state of affairs man.

54:09 Hexacons they live off of the good faith already now for 10 years soon. You understand? They had a bit of a pump in Hex in 2020 or when it when it was they're still living off of that. So you guys Matt, you know all about it. [laughter] Oh yeah. Guys, that's it. Listen, thank you very much for being here. Uh, thank you very much for contributing to the stream with great questions.

54:34 Smash up the like, subscribe. Um, if you have more than 100k in your portfolio, then go to bullman.com, sign for the wait list for when Bulmania opens up. If you don't have, it's fine. Just go to bull.com/subscribe. This is the plebe plebe place, which is fantastic, guys. I mean, I love the playlist also. I love the plebus also, but it's the newsletter, guys.

54:55 It's the free free free newsletter. Is the free newsletter. If you have more than 100k uh 100k or more, then you're eligible for bullmania. Otherwise, you are eligible for the free free free fantastic newsletter. Fantastic newsletter. Guys, that's it. Thank you very much. Have a good week. New week starting. We did use the May high as support. And hopefully now pop.

55:22 Valhalla. Valhalla. If not, we have risk management. We're going to we're going to be good aim, guys. I mean, we're going to be good no matter what happens. We have mechanical rules. We're going to be good no matter what happens. That's it. Have a good day and goodbye. Goodbye. Bye-bye.