BITCOIN: OOHYESSSS!!!! SANTA RALLY AHEAD Transcript, AI Summary & Key Points

00:00 is here. I'm here. Let's go, guys. As live as soon as possible. Oh, yes. Oh, yes. Yes. Yes. Guys, welcome to another episode. And as you can see right now, Bitcoin does have a bit of a pump here. We do have a bit of a down a bounce here from the 75K level. And now we're all the way to 78. Just like we've been saying, as soon as the midterms are over, we're going to see a nice big fat recovery.

00:27 Of course, daytoday volatility may still go down a bit here and there, but when you look 12 months ahead, you have fantastic results for the stock market number one and also for crypto number two after midterms. So, we keep our attention on the big picture. We keep our attention on what's going to happen not today, tomorrow, but over the coming months, over the coming quarters.

00:52 And there historically we have fantastic we have fantastic fantastic fantastic outlook for crypto. Now of course people are concerned that Democrats are going to be anti-crypto as you know Democrats won heavily heavily heavily kind of like we've been discussing also like prediction markets have been predicting also heavy win for the Democrats. Democrats running the whole show.

01:14 Now what's interesting of course is that although Democrats they are probably a bit anti-crypto probably a bit anti this whole industry because Trump has been so pro crypto the thing is they cannot do too much either you have now gridlock you still have Trump can veto anything still so we have basically the best possible outcome which is gridlock gridlock nothing happens we likely not going to have any kind of anti-crypto action.

01:44 We're also likely not going to have any kind of craziness on the international stage from Trump and maybe they can just focus on impeaching, doing investigation, being busy with themselves and letting the market do its thing. Okay, that would be the best that it's just gridlock, internal fighting, subpoena here, subpoena there. I think we're going to see a lot of subpoenas, guys.

02:09 Everyone's going to get subpoena. Trump, Jay Dan, everyone's gonna get sub. They will check what happened to Trumpcoin. They will check everything. But at the end of the day, they have no real power to do something new. Okay? They can gridlock the existing the existing administration, but they cannot do new law themselves. Trump can still veto everything.

02:32 So, Democrats did sweep the House and the Senate. NASDAQ fell a bit, but then recovered. When it comes to the stock market, the biggest worry is of course that the Democrats are anti- AI, which is true. Which is true. They are very skeptical of AI. So the AI buildout is the risk here. But now it has recovered also. The stock market has recovered. And historically stock market is doing fantastically well no matter the result of the midterm.

03:00 The midterm just needs to happen. It happened and then normally a fantastic results 12 months after midterm, no matter who won. So in this situation, we're seeing a fantastic uh outlook despite this short-term fear of u potential issues with new data centers, potential issues with funding of this whole buildout. And then Elon Musk um in particular has a bit of an issue now.

03:26 Let me see where is this Elon Musk in here. Uh his companies are dropping. Tesla dropping, SpaceX dropping. SpaceX in pre-market. Let's see. 4 to 6% down in pre-market. Let's see. SpaceX. SpaceX is down a lot because it's a lot of government contracts. And um of course, Democrats, they don't like Elon. Uh let's see. Yeah, it's going to open down here from 141 down to 136.

03:52 Not too bad. I mean, not too bad. How many%. Maybe it recovered also a bit. Oh, okay. Still down 4% or so. Not too bad. Not too bad. I mean at the end of the day it's not like you know Democrats can go and they can affect too much uh very very quickly. So it's a bit of volatility, a bit of overreaction on both sides. But it is true that uh the the dams the dams man they don't like Elon.

04:16 I mean sometimes they do say crazy things like this. Uh this was recent. Listen to this. This was eight hours ago. >> We have begun believing through this ridiculous unhealthy and dangerous idolatry of innovators that they get to live by an entirely different standard. Elon Musk is a traitor to the west. We lined up the Rosenbergs against a wall. This is a traitor to the West and he should be held to the same standards as every other traitor in the West.

04:46 Wow. Anyways, wow. Okay. When he when people say things like this, maybe SpaceX is going to drop a bit more. Okay. Now, the Lunatics are saying this, but what happened to this guy, Scott Galloway? I remember he was speaking about startups and business. What happened? I mean basically I mean what he's saying here is that he's calling for execution of Elon Musk.

05:07 Okay, if we are to remove the fluff, what does it say? Put against the wall. What does what does it mean when he says like he basically means we have to execute Elon Musk. Okay, that's what he said. What I mean he became what what happened? What happened? It's like this picture where Elon had, you know, me and my lefty friend and then the lefty friend disappeared so much more to the left and is now super radical militia polit bureau militia and then you're like, man, what is this?

05:36 You're you're in the same place as before, but the difference is so big. So guys, let's see what's going to happen here. We're apolitical. Just want to highlight we're apolitical here. We're apolitical. Uh we're just observing it from a distance a bit. But I can understand that when people say stuff like this and get support uh politically and uh and there is no push back from anyone when the guy literally says, "Hey, maybe we should uh execute."

06:02 I mean that that's basically what he said that or my English is bad. I think that's basically what he said. Uh given the circumstance 4% down for SpaceX. Uh no no problem. No problem. No problem. Tesla, let's see Tesla. What's happening with Tesla? Both SpaceX and Tesla obviously super connected here with the situation of u politics. You have Tesla down also for so not too bad.

06:26 Okay, not all in all not too bad. Could have been way worse. But guys, we have we have a lot. We have a lot we need to discuss the stocks, the cryptos. We're going to see the news. Welcome everyone who is watching live. Let me know how you're doing this fantastic fantastic. What is it? Uh Wednesday. Wednesday. Wednesday. We're here yet again. We're here connect collected.

06:42 Connected. Uh we're here in you know around the bonfire do you sound like or around the fireside chat around the fire around the um the digital fire so to speak you know we're collecting here each and every morning. Isn't that crazy? For 10 years soon in April there's going to be 10 year anniversary of the Ivanote tech channel. Isn't that crazy? 2027 April is going to be the 10y year freaking anniversary that we're here every single day.

07:13 And big shout out of course to Dub for time slapping us today. Smash up the like if you haven't yet. Subscribe if you haven't yet. And read the disclaimer. Pause. Take a moment to read the disclaimer. Nothing is financial advice. You could lose everything. Nothing is recommendation to buy, sell or hold asset. We make no promises or guarantees of income or profit or gain or anything.

07:36 You could lose all your money. If you love that, smash a like, subscribe, and let's continue. So let's see the overall market. Let's see what's happening in the overall um if we look at the bubbles. Uh the bubbles are doing okay guys. I mean we we have quite nice uh situation here with Zcash pumping, Venice pumping, ENA pumping. Uh I mean quite good on the weekly.

07:58 Let's see on the weekly still most things are down on the weekly but on the daily quite a nice recovery here. And let me know if you if you love this. I mean if you're expo you're exposed to this for us for example we have um the following trends if you look at hyperlquid still bullish fantastic fantastic so we stay away from the from the bare twins so for example liquid uh light sorry lighter hyperlid the twins we stay away from lighter we are in hyperlquid uh monero for example here you see pushing you high had a

08:30 fantastic fantastic week we are more towards monero because it's bullish zcash okay it has a good day but still it needs to go bull Once it's bull, we're going to be bullcash also. Now we're more uh bullish Monero. So within within the same uh bull market, we are betting on the fastest horse which which has the strongest trend. So when a coin, whether it's a shitcoin or a legit coin goes bare trend, but you're still bullish crypto overall, uh my in my experience, what has been working best for me is when you do instead

09:02 put into the bull asset. For example, now with Sana, it is bare chan. Salana is bare chan. It continued falling here. Maybe it recovers fast. Who the hell knows? But is it better to be in Sana or in a bullsh historically statistically according to my experience? What has worked for me is it's better to be in bull trend whether it's hyperlquid or monero or whatever bull bull trend always also.

09:25 So let's see how this will evolve. But uh good recovery I mean currently good recovery in many assets you have u yeah this day is quite good post midterm post midterm relief so there's nothing to be worried about the next thing to look forward to is the Santa rally the Santa rally is the next big chapter for crypto especially after a tough uh uh October now we get into the Christmas jingle bell time jingle bells jingle bells it's gonna be great it's gonna be great now looking at the um the crypto market.

09:59 Let's continue reading here. Uh we have now uh the discussion what's going to happen. Two regulations. The industry poured serious money into the cycle. Um basically trying to get different regulation. The flagship bill is the clarity act and currently it is still uh not fully uh fully in place. So it passed the house but failed a senate closure. Okay.

10:24 in September with Democrats now controlling both chambers. That bill faces a much steeper climb. It's going to be interesting how the Democrats are going to be flipping. Tom Lee, bullish as ever, is saying that there's a good chance they become bullish. They become bullish crypto. they become bullish AI because now that this conflict with Trump is gonna come to a logical end at some point let's say that you know Trump is is not as powerful anymore and also 2028 presidential election is soon time to prepare for what is

11:00 after Trump and do you really want to be against crypto just because Trump did his uh scammy coin really I mean you can investigate Trump you can go after Trump you can figure out what what went wrong there. Uh you can do subpoena but why be against crypto when so many Americans have crypto? I mean if you are smart you won't vote long term. So uh Tom Lee Tom Lee has been predicting that there's a good chance they actually become bullish bullish crypto.

11:28 Listen to this. >> But the reason I think that this is not actually bearish for tech and AI and it's not bearish for crypto is the following. first, um, even if the Democrats take the Senate and the House, it doesn't mean they can actually pass anti-crypto and anti-AI legislation because the president has veto power. So unless the Senate gets six twothirds of them of the House and twothirds of the Senate to vote in favor of the vetoed bill, they can't overturn a presidential veto.

12:10 Okay. Now, the second reason, so basically, there isn't going to be any chance to get legislation done. If anything, you know, Congress's focus is going to just be trying to impeach President Trump. Now, the second thing to keep in mind is that if the Democrats take the House and let's see if they even take the Senate, they're very likely to flip pro- data center and pro- crypto because now that they control Congress, the money that these data centers bring into the community and the the lobbying money that the crypto

12:48 money would be spending would just go to the Democrats. So they're very likely to support legislation because one it brings jobs and money and plus they're getting political support. So uh there isn't really political spending associated with anti-data center. Um there's a lot more pro data center money because it's basically like the entire technology industry.

13:12 And um the third reason that I think tech and AI and crypto trade well after uh midterms is it's just seasonal. You know, these stocks have priced in a lot of bad news and historically markets really rally after midterm elections. >> Let's go. Let's go, guys. Have your pronouns ready. Have your pronouns ready. But listen, have your pronouns ready. It could actually be all in all easier for you to set up a few pronoun than to have you know five wars 500 tariffs Greenland inside outside Gulf of I mean just thinking back

13:52 to the madness man let's give a pronoun we can give a pronoun it he she him her him it takes 10 seconds 10 seconds the amount of nerves up and down with all of the crazy during the last two years, man. Uh, let's do pronoun. Let's pro him, him, him, him, them. Which one? Which one you like, guys? Oh, yeah. So, yeah. Hopefully, it is like like Tom Lee says, we do the pronoun, but Democrats cannot do anything.

14:34 Uh, Trump cannot do anything. No one does anything. And that's great. And that's great. I just keep it as is. Don't mess with anything. Don't mess with anything. I mean, the politicians at the end of the day, nothing good. They better stay out. They better stay out. Let the market work. Let the business work. Stay out. Stay out. Politician. Dear Mr.

14:55 Politician, please stay out. Okay. So, yeah. Pronoun. And guys, your sausage may get chopped off. Uh, let's see. Guys, we're apolitical. As you know, we're always apolitical, but sometimes we need to we need to highlight something that's happening. So, look here. A likely democratic test. How can Texas be democratic? I think it's all of the immigrants from like California that made it democratic, right?

15:18 Compute names are down 60% from peak. Okay. Yeah. Okay. Okay. Uh CFTC approves perpetuals. US stock a cryptonative product has gone on. Yep. Yep. Yep. So, that has happened also. Uh gold takes the haven bit. So let's see. Is gold finally pumping? Is gold finally understanding that it's safe haven? That I mean that's that would be news to me. Let's see if it's finally doing something.

15:45 Well, this week is strong for gold. Let's see if it can it can hold it. But for sure currently it is it's reclaiming a bit of the uh a bit of that of that category of say I mean what's safe haven? What is a safe haven? But okay, a bit more safe haven lately. Okay, next, next, next. Bitcoin and ETFs bleed and bleed and bleed. Let me refresh. What was the latest?

16:08 Ah, another bleed. Another bleed. Yeah, so hopefully now it's Valhalla now that uh that the midterms are over. So the common thread is a political repricing of the AI trade. Um I I wouldn't say it's really repricing of everything. It's just, you know, nervousness. Will DMS's come and wreck our AI data center? Ah, no, they won't. Okay. And now it now it's stabilized.

16:30 I mean if we look at NASDAQ is NASDAQ really dumping. Uh it's it's is a bit of jittery nervousness here and there. NASDAQ is going to open up. S&P is going to open up like everything is going to open up. So right after the the results there was a bit of nervousness but now I mean people understand people what I just told you here what what Tom Lee told you it's people understand in markets.

16:56 So midterm history, record deal making and fresh regulated crypto progress are the backdrop. A regulation, Texas data centers and crypto probes are new risks. Um yeah, let's see what's going to happen. So we have uh today, Wednesday, US trade balance data coming out Wednesday, Brazil central bank decision. Okay, no one really cares. But uh if you are in Brazil, big shout out, but no one really cares about your central bank decision.

17:19 I mean sorry to say it's too small, man. It's too small. Your stock market dropped 20% on no effect on the overall economy. But big shout out if you're from Brazil. Uh how many people from Brazil? It's good. It's good. But it's also good that um you know we cannot have too many banks affecting you know Brazil does something. Imagine if it would be a big deal.

17:38 Now we have to worry about them also. It's good like no do your decision. No one cares in Brazil. Of course you guys care but yeah no one cares. Bank of England. So this one is a bit heavier but overall also not too impactful what they decide. likely they they're going to hike but England they are in a corner they hike how will they um how will they pay their their interest rate how will they finance government it's a big problem guys in England big problem England with the finances not as big as in France I mean

18:11 France is literally cooked when it comes to their debt when it comes to interest when it comes to how much they have to pay just for interest are very high for France uh so England they are trying to hike it so the financial markets. They look at England as they have everything under control. Uh that's the bet. Let's see what's going to happen. So yeah, uh Democrat sweep, democratic sweep.

18:33 They're sweeping everything. They're sweeping. Big tech and AI could face major investigations. Let's see here. How major though? Uh let's see if there are insider connections with Trump. I mean probably inside trading could be one because u sometimes I mean some people have said that there there are some meetings this and that and then a few weeks after some big news is announced and there are discussions that maybe someone could make trades on non-public information because they were part of the you know white house

19:09 discussions. I mean there there have been talks like this uh for sure for sure. Um, so let's see how how it's going to be with uh big tech and AI. But guys, as with always, no, as with always, nothing is as dramatic as uh uh people are afraid. No, now it's going to be a few weeks here and there. It's going to calm down. Maybe some some subpena is going to be, you know, it's al going to take a long time.

19:33 Always going to take a long time. Subena is not like instant coffee. It's not instant. You know, you take instant coffee, poop, there's subpoena. It's got to take time. They're going to figure it out. You know, maybe until they start figuring it out, it's already the next presidential election. So, there's new news to worry about in terms of the market.

19:56 Um, I'm just bullish, guys. I mean, I I told you on Twitter, I keep yelling to you on Twitter all the time. By the way, guys, we have new profile picture also as we are, you know, we changed Bulmania uh branding. We changed the here also. We're kind of stepping up into the new era. The new era. I don't know. I I like things more traditional lately. I like I still love Penguin.

20:18 I mean, I I love Paja Penguin. I love that era of, you know, crypto being in a basement. I like that. It was good good section, good portion of uh our journey. I still love pages. I mean, Bulmania is still a penguin here. You understand? It's still a penguin. It's a classy penguin. It's not this, you know, you're in a hoodie, haven't showered for five days in your basement at your computer, okay?

20:43 We're not like that. We're not like that now. We're more the, you know, we call it heritage. We're in the we're in the heritage uh era, okay? Heritage era. So, uh, you know, as we grow, it's 10 years already. Yeah. 10 years of this uh of this channel. It's quite a crazy journey, guys. Quite a crazy journey. So yeah, just so you don't get surprised on Twitter.

21:09 Okay, just so you don't get surprised on Twitter, uh we have new kind of design language. We have new new approach to and also it is interesting but with the design language it's all no it's easier to align the whole company the the values etc etc etc. So, as you know, uh, if you go to bulma.com, you have the email sign up. Very important. Very important.

21:39 If you haven't yet signed up for sign up for the email newsletter, uh, fully free. This one goes out every day. I write it every day. If you're on dark mode, boop, you click here. Fantastic. Dark mode. Next. If you're part of Bullmania, things are now coming together very nicely here. Courses landed. briefings. This is basically my uh daily briefing.

22:00 You can you can see them here. Uh it's a bit different from a newsletter because it's just like a list of uh different uh events, different news. Um it's way heavier than a newsletter. Way more information, but anyway, you find you find it here. Our dear dear Bull Mania AI is here. Fantastic. Fantastic. Minus Scanner is also going to be fully integrated very very soon.

22:22 And all of these different uh um apps like how say sub all these different features are soon going to be also reading uh whatever you enter as your positions. So you remember here in bulling AI you could enter your uh positions here. These positions they're going to be moved into a separate section here which is going to be called my market. So very soon these positions are going to be in a separate like accountwide section which which is going to be called my market where you have your positions your watch lists and

22:58 also your trading journal. So that's going to be all there and then bullmania AI the money scanner everything else can read from it in a very very very very very very nice way. So all of these guys is going to come very very soon. We are working very hard. the team is working very hard and um um shipping and shipping and shipping and shipping a lot shipping a lot.

23:22 Uh so for you go to bullying.com subscribe to the uh newsletter very important and another important thing is that looking at the Iran deal there is now a higher likelihood of some kind of deal in the coming uh months. Okay. In the coming months, uh, basically until we say until March, until March 1st, there is a 26% odds of some kind of Iran deal, some kind of Iran nuclear deal rising slowly, albeit.

23:54 So, this is very important because the amount of fear, the amount of panic during the last week with Iran has been quite insane. is been I mean people Tucker Carson was speaking about nuclear okay and in most cases that never plays out you have the maximum fear and then ah we made a deal it happened many times happened many many times many many times that it's maximum maximum maximum fear and then a okay great great guys we made we made a deal so it wouldn't actually surprise me if they if they make some kind of deal

24:32 quite fast okay or they do a deal we're just delayed Yeah. Uh so there's always a chance that that is nuclear but we need to keep the probabilities in perspective. The the chance of something nuclear while it could happen very low very very low the higher chance is that there is some kind of either extension or I mean at the end of the day if you go nuclear you lose this nice asset which is your US Iran uh kind of conflict.

25:02 is for correct people. It's a big asset that there's, you know, maybe it's going to happen. Oh, it's not going to happen. Oh, it's going to happen. Oh, you basically can control the market. You can control the market however you want. Today, WE'RE ALMOST NUCLEAR. AH, no nuclear. It's a gift for the correct people that the whole world can become mega bear like this and then mega bull like this.

25:24 Who would want to waste such an asset? Who would want to waste such an asset? I think the asset is great man. Why why do you want to why do you want to waste it? So obviously there's always a risk always a risk. Maybe they go nuclear but uh we need to base our decisions and feelings on probability on probability and the probability of um of you know something crazy going on some nuclear attack.

25:57 uh not high not high not zero but not high so that's how we can then control emotion we can then control what we do in the market we can then control everything else because many people what they do they become so worried they become so scared they put this crazy low probability scenario as their number one scenario and then you know let's say you dump everything or or you buy something which you think is going to do well and uh yeah it it is a scenario but it's very low So you you basically bet in in a very bad way.

26:28 Uh kind of like the market wanted you to kind of like this this dudes kind of like they wanted you to. Okay. And then it's we are just one truth social tweet away from ah guys never mind. Great guys. Bullish. Bullish. Now let's speak about the bull market. Can the NFTts come back? Listen to this. This is this is a guy speaking about uh fake Pokemon card.

26:54 Guys, what what what are people doing? They're buying Pokemon card, fake Pokemon card for $600,000. That's what it is. But it kind of shows you that this idea of collecting is very nice and NFTs will come back in one way or another. Let's just >> I have just been scammed out of 660,000 USD because I bought one of my dream cards, the Call Legends shiny Rayquaza PSA 10.

27:17 I've been trying to complete the PSA 10 Call Legends shiny legend sets. This is one of the biggest ones in that set. I saw the scans that it looked like a very clean card and the label looked very very real and plus I was >> Anyway, I don't want to play too much because there's some music I don't cop copyright but yeah the guy is uh he he he bought some pocket guys.

27:36 What what's going on? What's going on? What's going on? See there's another reason why they cannot go nuclear because the west is cooked like you know okay go nuclear. There is a war now. Who you going to send to the war? You're going to send this guy with his Pokemon. I bought my Pokemon card. I've been my dream. He's almost crying because his freaking Pokemon card was fake.

27:55 It's a Pokemon. What? What's happening? You see what? What? What? World War II guys. You see us who this guy is collecting Pokemon. But is this true that in NF in NFTs it cannot happen? You know exactly which NFTs you have. You know exactly that they're real. No, exactly the real. Now, you can still get drained. There are a million other ways you can get wrecked in NFT.

28:26 So, you can still get drained. You connect your wallet, they steal your NFC, quantum, there's, you know, we have a bunch of other stuff. You put it in a hardware wallet. Hardware wallet was not safe. You know, we have many other issues. Many other issues. But this thing with is it real or not real is not an issue. I can tell you it is not an issue. Okay guys, another thing which I love guys.

28:51 I love I love I love I love this. I love this. I love that this like investors uh and this is a famous guy I think in Tesla, right? Tesla investing. Um he basically said that he doesn't like Bitcoin because it's boring. You know, it's just boring. The things going on with AI is infinitely more interesting than Bitcoin. Oh, guys, guys, such a big mistake, guys.

29:12 Guys, the time to be excited AI it was January 2026. That was when we rotated out of crypto because it went bear in Q4 2025. AI was the new bull trends. That that was the time guys. It was the time now to get I'm so I mean this is the pleb. I'm so excited about AI. You look mad. It's it's November 26. Look at what's happen. I'm so excited. Oh, so excited.

29:51 Yeah. Okay. I mean, if you said it a year ago. Okay. But Okay. So excited. Yeah. Do you think you think you are you have some alpha here buying the no-brainer thing? What is the alpha buying? Everyone is excited about AI, man. Your grandma is excited about AI. Your dog is excited. Everyone's excited about AI. Okay. So, what what do you do? You're excited about AI.

30:15 Everyone is excited. So, it already pumped a lot. Price this discovery already happened. Okay. You're excited. Great. Everyone's excited. Your giant is excited. Everyone's excited, man. Crypto. No one is excited. I mean, they're literally spitting on crypto, which is very good. I think it's it's fantastic. There is never a situation where everyone is bullish and it goes up forever.

30:39 Just like in October 2025 when we became riskoff, people said, "Ivan, you're How can how can you be bearish? How can you be bearish?" Uh the same thing is now we're bullish crypto and most people are Bitcoin is just boring. AI is infinitely more interesting than Bitcoin. This this is another guy. Who is this guy? Tesla Newsbreaker. Okay. I have sold my remaining Bitcoin.

31:05 I bought it all in 2018. Over the past few years, I sold small amounts. I had modest investment in dog, Doge, Dog, and Ethereum. Over the past over the years, but have long been out of those. The reason all my friends who were enthusiastic about crypto have refocused on AI. Guys, if you invest like this, ah, you know, my my friends got they don't like it anymore.

31:33 Okay. So your friends jump over a roof. You also jump over a roof. You understand? Is it is it only in Eastern Europe that parents say like that? You know kids they always say something dumb like oh but my friends are doing that. You know the standard response is if your friend jumps off a roof you're also going to jump off roof. Like use your own brain.

31:53 Do you have a brain? No. That's exactly what it sounds like. You understand? Your friends your friends are retardium. I mean, sorry. Who Who is Who is your friend? What is the accolade of your friend? Is he a great investor? What's the accolade? There's no accolade. Okay. All my friends who were Oh my. I just see the market play by instant by Bishop.

32:19 He's probably great guy. I mean, always m great guy. Probably great guy. Probably a great guy. All of my friends who were enthusiastic about crypto have refocused on AI. Okay. Maybe a bit too late they refocused. Maybe they refocus, you know, slightly towards the the high valuations. Maybe you should have new friends that focus on early valuation. You understand?

32:42 Maybe you should review the friend circle. Why they why they don't didn't tell you in uh Q1? Why they why they tell you in Q4? Because yours truly I mean not to toot my own horn, but it's such a great opportunity now. yours truly. We will risk up October 2025 crypto. Okay. And the next trade, the money scanner, the mine line AI. Now, here's reconsider your friends.

33:10 I mean, who who is this retardio friend you have? I mean, literally, I don't personally know anyone building exciting crypto projects. Okay. When Shamath O when Shamath and Jason shared similar thoughts to me, I o Shamath as if this is a and I love Shamath by the way. But guys, Shamath, if you follow his investing, I pray for you all of this pack. Okay, this guy, I mean, he needs to reconsider his friend group and the people he listens to.

33:43 Okay, so he says when Shamath said is Barry, okay, you also invested in all of all of Shamath Spark. You know Shamat Spark's history. You know his history with most investments. Okay. Oi. This guy Shamath now Shamat. Okay. Early Facebook. Congrats. Great. When it comes to I would take Shamath advice when it comes to joining unicorn before their unicorn.

34:10 Great. Great guy. Great accolade. Everything market related. Shamath guy. I mean sadly what I've heard the spark new great opportunity another spark all to zero and this I mean this this brain of the player by the way thank you for being honest Matthew I love Matthew but you know the reason I changed my investments is because my friends are not interested in because Shamath said this oh guys holy and Jason okay Jason bought he bought what Uber early on.

34:47 He said it a million times since then. What else he bought? No one knows. So, I decided it was time to move on. Okay. Okay, guys. But big shout out to Shamath all this. Matthew, Dave, Lee, Jason. I mean, I love you all. I love you all. We're a bit of showbiz. We have to We have to make it a bit dramatic, but it's true. It's fully true. Also, it's also fully true.

35:12 100% true. Uh so yeah I mean I become bullish when I when I read stuff like this. I become very bullish when I when I read stuff like this. It's very very nice guys. Let's move on. Binance as you remember Binance got hacked for uh six billion and uh I mean the reasons are quite crazy. Basically, the DevOps guy downloaded a fake homebrew app and then another DevOps guy thought he was interviewed to do a new job by another company and then he downloaded some fake uh file which was supposed to be some assignment you know

35:52 some coding assignment but it was a virus. Let's see what what happened. attack preparation. Our current investigation indicates that this was a sophisticate multi- stage company. Guys, if I have a let's say I'm binas and I have an employee who wrecks my infra so that we lose six billion and the reason is that he wanted like to switch job. Oh my god.

36:18 Not only did you want to switch job, you you did interview, huh? You did a bit of interview. A bit of interviewing. You did you want to switch job? Okay. Okay. And by switching job being going on interview, you wrecked six bit. Oh, bro. That's man. That's You want to do a bit of interview, man. Do interview in your other computer. Don't use my work computer for your interviewing, man.

36:49 If I CZ, you know this guy, this guy that went for an interview, wrecked everyone. Oh, download assignment. Assignment was a virus. Obviously, this shouldn't like how Okay, let's say a guy goes to interview, wrecks everything. How can it even be possible? It needs to be many guys that went to intro at the same time because then we have we would have a big talk with the CTO how he made the system such that a guy wanting to change job downloads uh file that tracks everything but let's see let's see so the first step

37:26 engineer a from the devops team downloaded a fake homebrew oh basically he googled download homebrew for for all of you non tech guys homebrew is like an app you use to download other apps like other tools. It's like a package manager for for Mac OS. It's very famous. So, as a dev, you need homebrew. So, you can uh you can pull down all kinds of dependencies, libraries, files.

37:52 It's very important thing. So, everyone needs homebrew. What you should not do is Google Homebrew and download a fake homebrew from the fake Google ad. And by the way, when is when is Google going to get uh legally wrecked for this scams? Because the amount of money that uh that is being lost due to Google promoting scam on the first page, it's crazy.

38:17 It's crazy. But anyway, the first step was that the guy download fake homerew, which all devs need. Okay. Our security team detected the anomaly, replaced the device, and rotated all related credentials. Okay, so that's good. However, engineer A's role and his related colleagues on our wallet infrastructure team was exposed to the hacker. Okay, so they replaced the device but still did not fix the whatever leak.

38:40 So throughout 2016, Bing security team detected and prevented 57 suspected North Korea link cyber cyber threats. Okay. Uh September social engineering software engineer B. So another guy was contacted through a legitimate job hunting platform. The guy wanted a job, wanted a salary raise. La the the the the scammer Chikim Jamun says hey you want salary raise come here engineer B had a profile on the platform and references I see he uses Binance good name to get this other job and then Rex after everything is done for

39:16 him after everything easy done job you want job you got job you want laptop from you got laptop you got everything after all of this the guy still goes and looks for job. Not not only looking for job but also using look at this using Binance as a promotion as promoting. Oh yeah. So they reported project director arranged a first round interview with HR followed by a second round with individual claiming to be the CEO of fictitious company.

39:50 Okay. In the first round the purported HR representive conducted a live video interview. The interviewer share social media account including personal photo videos post on platform in order to build trust. Okay. So Kim Jong-un basically showed hey here's my dog. Here's my here's my here's my children. This was more advanced and deceptive than previously seen.

40:13 Okay. What do you mean more? Okay. He the the scammer showed some family. Okay. The second entry was conducted in a popular social chat app near the end of the entry. Okay. And here's the problem. Engineer B was instructed to download an assignment containing virus. The repository contained malicious code. So basically the second guy got wrecked this way.

40:38 And then I guess somehow they connected that you know one guy got wrecked by fake homebrew. The second guy got wrecked by fake engineering social engineering by promising uh gold pot of gold. If you go to this engineering interview. Okay. So, uh then what happened that all of this was used to you can read more details at that day. They all got wrecked.

41:03 They all got wrecked. And I'm not I'm I'm actually less angry for the guy that downloaded home. There's something that's not if I'm CZ man and this guy he puts he works on Binance and he does some fake interview basically trying to leave the company and this way also rigs the company man there there there is something there man I this guy is happy that Ivanotech is not his boss on the taxing guys I don't know what we would do with the guy I mean honestly Al there's something about it that the guy went he's like la I

41:42 work at Binance give me a higher salary and bam also Rex oh holy holy yeah so guys that's that that's that uh let's go to Q&A Q&A Okay, questions. I need to calm down, guys. I get I don't know what what this is. Is this, you know, job seeker? Job seeker. Yeah, I work at Binance. I'm highly experienc I I can just also imagine in my head how the guy was like on LinkedIn posting, oh, my first day on Binance.

42:28 I'm so thankful to join Binance. But in reality, what what does he want? He want like self-promo. It's not like, you know, he he wants self to to get someone to get give him a raise. What happens? He gets an intro, he gets Okay, so the good thing is CZ got down control or or I mean CZ pretends to not work at Binance. Maybe he doesn't work. I mean officially he's not working on Binance but but he's still communicating on on Binance's behalf.

43:02 Isn't that great? I mean CZ is there. So he's worked at I don't know he works at B or he doesn't work. In any case CZ has uh the money recovered. Everyone is good. Everything's perfect. That's it. That's it. Big shout out to the guy seek see seeking the job. Probably great guy. But yeah, be careful guys when you when you when you interview, just know you download something, you wreck the company.

43:38 Uh it's very bad. Uh especially if you breach policies that the company has. Very bad. Very bad. For example, why he use company computer for it? He wants interview. Okay. Do interview in your in your personal. you you buy your own computer. Anyway, let's go to Q&A, guys. Questions, answers, debates. Let's go. Let's go. And big shout out as always as always to dab for time.

44:05 Let's go, guys. And also when you do job intro, just ask them to say that Kim Jong-un is retardo. Before I if I would do a job intro, I would say, "Hey guys, hello. Before we start, can you say Kim Jong-un is retardo?" Because you work in crypto, I work in crypto. We just need to establish who is who. So say it out loud. Kim Jong-un is and overweight and he needs to lose fat.

44:39 You and that you recommend Okay, say like this. I officially recommend Kim Jong-un to get to 15% body fat because he's too fat. Say like this. Let me record it. Boop. Okay. Okay. Okay. Now, what you want? Interview me. Interview. Okay. I I would do like that. If there is an Asian-looking dude, I would say, "Hey, because they say that they're like from South Korea."

45:07 They say, "Oh, no. I'm s I'm from South Korea." Okay. Really? Really? You're from South Korea? Why you Why you work in HR? I don't see many South Koreans in HR. Okay. Okay. You say you're from South Korea. Okay. I need you to say something. And then you I tell you you tell him. So as write it down. You tell him to say what I just said and have him repeat.

45:27 Very important. Why is gold falling? Because it is in bare trend. Assets in bare trend tend to go down in bare trend. This is what it says. But gold actually bounced a bit. We just it bounced a bit but it's still in bare trend. So you see here the gold for us. I mean the story with gold ended here in the in Q1 uh with all of this speculation and people said that dollar is going to hyperinflate.

45:57 We said it's not going to hyperinflate. You remember here silver it was mooning so hard people said dollar is going to hyperinflate. We said it's not going to hyper inflate and actually silver is bare sh so we're out. This was back in like January February and silver wrecked gold wrecked. So gold and silver is just like any other asset. Theoretically, it should be safe haven.

46:18 But you see, it's not safe haven. At least when you want it to be. I mean, long term, of course, gold longterm is fantastic. Long-term, great. But, you know, in this, you know, month to month, quarter to quarter, conflict, not conflict. It doesn't work as a as a safe haven. It pumps for other reasons. When it is supply demand, when you know, there is some kind of mania worldwide.

46:43 Gold is fantastic if you don't treat it as protection for day-to-day events or even you know month-to-month events like we had this year with Iran in uh protection in this you know monthtomonth normally is the dollar we discussed it the other day dollar becomes strong when there is uh international issues when there is you know some conflict dollar becomes strong everyone dumps their national currency for a dollar so by the way also has been seen here by the dollar chart since the beginning of the year dicks up and up

47:15 and up and up and up. Why? Because conflict, uncertainty. People flock to the dollar. They don't they don't flock to gold. They flock to the dollar. But gold longterm is superior long term. Shortterm the issue is that you don't know when gold is going to pump. Like it can pump for its own reason like it did here during the last few years. You know there was it had its own reason.

47:42 It had fantastic bull trends here. Several of them that took it from like 1k 1.8 to 5k. Uh was it connected to some major thing uncertainty? Not really. Not really. I mean if anything now it should have been that but now it has a correction. So gold is great but don't try to like lean on it in the time of uncertainty because it it doesn't work like that.

48:08 It pumps in its own way. Let it do its thing. Let it cook. Okay. Let it cook on its own. Elon takes us operations. Let's check with Bullmania AI. What is the risk for Elon and his Texas operation now that uh Texas voted Democrat? What's happening? Let's ask. So, what is the risk to Elon and his operations in Texas now that Texas voted Democrat? Let's see.

48:47 Show us your teacup. At some point, I'm going to do it as I have I have a few teacups. Yeah, it's it's my interest. See guys, we're we're becoming big boomer collecting teacup. I'm I'm I still need to enter my my boomer uh era of like going all in on World War II research. You have that, you know, dad or uncle. He's like all in. He knows every single like uh 4hour candle of what happened in World War II.

49:15 Exactly. You know, exact exact exact. I guess that's next. That's next for us. That that that'll be the next uh big milestone. So, let's see here. Texas Elon and Texas operations uh Texas delivered a historic democratic sweep. Uh Democrat Gina Hino Josa. Oh, I mean just Yeah. Greg Abbot. See, I like this. Greg Abina. Oh, I I just see. Yeah. We're apolitical.

49:57 Greg Abbot is this. Yeah. Yeah. I like the sound of Greg Abbot a bit more. But yeah. Anyway, we're a police. James Talico beat Kevin Paxton. Okay. Elon Musk spend. See, you go here, you click. Boop. You can publish this report. Okay. Very nice report. This one is now publicly sharable. So, Ilamas spent heavily hundreds of millions overall with a large share in Texas backing losing Republican ticket.

50:25 So he also said Elon Musk said on Twitter that his laser eye uh election interference did not work because all everyone was saying ha he's interfering in election. He's interfering in election. Okay see what interfering? You see he he lost his companies Tesla Gigafactory Texas near Austin SpaceX in South Texas XAI Neuralink the Boring Company Starlink they're all uh in Texas.

50:49 Exactly. They're all in Texas. the new leadership campaign directly against the model that attracted them. Okay, guys. So, what's happening in Texas? Is it because people moved from California to Texas and now they make Texas U Democrats? Is that is that what happened? They knew but we're apolitical. Again, just want to help if you're if I we just discussed why it's nice that Democrats have a bit of a gridlock.

51:15 So, I'm with you guys. If you're democratic, I'm with you. If you love what's her name? Gina. I love Gina also. Gina Hino Josa. Big shout out. We We love Gina. We love Gina. We love Gina. Fantastic. So the new leadership campaigned. So exactly the new leadership campaigned to basically go against whatever attracted Elon. See with Elon, I'm a bit concerned.

51:42 I mean his stuff it's physical. He his biggest risk is that he builds physical stuff. Police bureau could take it like in the worst case which is low risk but you know the worst case you have police bureau you have the uh the communist revolution which may happen guys with AI like literally it may happen. The good thing with the crypto business online business is that you take it you leave it.

52:06 So I think Elon should diversify his holdings into crypto into international stuff because he has everything there. Big data center, big launchpad, like it could all be taken very fast. Just like the Russian um nobility back in 19 early 1900s lived laid loca. Everything changed in like a few years very quickly. Once the pleb does not like new tech, they go very fast.

52:40 Once the plebber thinks it's not fair, this and that for good or bad reason, it goes very fast with AI guys. The pleb will not like it. The plebe doesn't like it. The plebe and I understand why because uh they need to find new job. Fantastic. I mean some people think it's exciting for some people it's a big challenge. So big political uh changes may happen quite fast at some point.

53:04 So that's why you know he has the uh Gigafactory SpaceX but also he has a lot of time now to diversify. I would I would uh tell Elon go crypto guys. Go crypto. Go crypto not not go crypto guys. Go crypto my guy because Elon is one guy. You you guys are in the chat. You're a guys. Elon is one guy. So diversify. Okay you have all of this stuff. What if Gina Hino Josea wants to take it?

53:34 And also there was this Scott Galloway said that he wants to execute by the way if you haven't. And Gina Hino Josa maybe she's kind of on the same wave you know. Yeah. Isn't that crazy? Yeah. So the new leadership campaign. Yeah. That's what we saw what we read. The new leadership does not like all this uh stuff that attracted him to Texas. Hino Josa made a position to uncheck data center growth a centerpiece of her campaign.

54:01 She called for a moratorium on new approvals until legislature passes through certain rules. Okay. Ah, exactly. Let's go to space. Okay, Elon, go to space. Let's make launchpad in space. Let's let's let's you need to go outside of this jurisdiction. Space is probably the next frontier. You can put data center in space. You can put uh Yeah. Yeah. Let's see.

54:33 Let's see what he wrote here during the last uh greed can be satisfied. Envy cannot. I guess as a sub tweet for the for the election. Guess my election interfering space lasers didn't work this time. Yep. Data center space looking pretty appealing right now. Yep. Yep. Yep. Yep. What else? Yeah, that's that basically uh tax incentives and payer way. You know, Josa targeted sales tax exemption.

55:14 Well, I'm all for removing subsidies, but remove just decrease the sales tax overall. uh she wants companies to cover their own extra costs rather than here. Maybe I can even agree a bit with Hin Josa. This is the the market way to see it. We should not uh subsidize too much. Uh existing deals may face audits or pressure to meet job commitments more strictly.

55:41 Okay. Oo, Talico. Talico. Is that how you pronounce it? I don't know how you pronounce it. Talico. Gre Greg Abbot. I know it's English. which I know the the other guys you guys let me know how how to pronounce. Talico ran hard against Elon Musk personally in the closing weeks. Okay. El Musk wants our land. Okay. Takes us is not okay. Anyway guys, let's see.

56:07 Let's see. Let's see. We're apolitical. Let's go back to apolitical. Greetings from Brazil. Big shout out to Brazil. Let let me know guys what you think about this. Uh bullish, bearish, how would you see it? Um, I think overall this democratic sweep is bullish market for the reasons we discussed in the beginning. If I would be Elon Musk, I would be slightly concerned.

56:28 Uh, maybe I would buy more Bitcoin. Maybe I would buy a lot of Bitcoin. Maybe I would buy quite a lot of Bitcoin. I mean, man, at least put Okay, you have how much? 1.6 trillion or something net worth. Maybe convert at least like 500 billion into Bitcoin. I mean, just so you're safe. Otherwise, Talico coming. Hino Josa hatal Hino Josa then I come very fast very fast.

56:57 Oh yeah guys. Oh 56 minutes we have to wrap it up guys. Thank you very much. Big shout out to dab for time stamp something else. Go to bullman.com sign up for the newsletter. Free newsletter with market commentary in real time. Go here. Boop boop. Very very nice. Just come here enter email. Click subscribe and see you all tomorrow. Have a good day and goodbye guys. Goodbye.