BITCOIN, STOCKS, AI: BONANZA!!!! Transcript, AI Summary & Key Points

00:00 are going live. We are clicking the button as soon as possible. Oh yes. Oh yes. Yes. Oh yes. Guys, welcome to another episode. And as right now, Bitcoin is at around 79.5. We are around the last week close. We're here sliding lower, lower, and lower. And our analysis is the same as yesterday. We are in bull trend. We went below the May high. So we don't have the mega bullish scenario where we just bounce and continue to to the upside.

00:25 Instead, now we're down to the just bullish scenario. Not the mega bullish, but just bullish where we are in the bull trend and we're finding some kind of higher higher low here and uh then continue to update. It could be that we need to wait for the uh midterms. Uh next week we will be updating you. But in the meanwhile, the biggest story is actually not crypto.

00:49 Crypto is just, you know, figuring itself out. figuring itself out until the next big fat green candle loads. In the meanwhile, the big news is the AI space and especially Anthropic because Anthropic did release their S1 yesterday and basically they are aiming for the largest IPO ever. And this of course has a direct connection to crypto as well because if AI as a concept as an industry is doing well, the stock market keeps pumping.

01:18 It is good for risk assets, including crypto, of course. And the S1 was way better than most people expected because before this S1 got released, the number one theory everyone had is that these companies are super unprofitable and they're just bleeding money and nothing is happening here. But Anthropic came out yesterday and did show that actually actually they are in one way profitable.

01:46 If you look at their uh at their um uh growth of uh revenue and you look at their growth of loss, revenue is growing faster than the losses. For example, in 2025, they had 1.2 billion revenue and then 2026 16.3 billion revenue. So revenue grew a lot. Losses also grew. However, this loss of uh 80.7 billion, number one, it didn't grow as much as the revenue.

02:10 So losses don't grow as much as revenue but also these losses are mainly just accounting adjustments when it comes to their options program. So if you remove the options program they even claim that they're cash cash flow positive. These losses of 80.7 billion most of them are just accounting changes due to the options program. So listen at the we have to see more data.

02:33 This is just a small glimpse into into anthropic but potentially potentially they are either very close to profitability or already profitable if we actually look at their business the the cash accounting not when it comes to options etc etc etc that that they had. So all in all we have now a bit more positive a bit more positive view on the AI space than than before yesterday than before this S1 and of course that's a very good sign for all risk assets.

03:03 Um for crypto it's also good because if the stock market is continuing to rise the chance of us doing a higher low and then continue to the upside increases. And when you when we look at S&P today uh it seems to be opening a bit higher. The futures are a bit higher than the close. NASDAQ, let's see, NASDAQ is going to open a bit lower, but all in all, NASDAQ did avoid a bare trend.

03:27 That's very very good. And S&P is um actually quite close to alltime high. We just need to pump here like you know 2% or something to go to to alltime high. So all of this is within reach. The wall of worry of AI collapse, AI bubble I think has decreased a bit because uh there is a clear business sense here where the company that is serving the end client anthropic has a legit business case here.

03:57 it is likely going to be the the largest IPO and um uh when you have the end consumer company like anthropic having a legit business case where they are potentially cash flow positive if you remove this non-b businessiness losses um this means that the AI thing as a concept as an industry could u could pay back all of the spending that is now happening because that's the biggest worry will investors get return on all of the scaling gas we a lot to discuss.

04:28 We have a lot to discuss. But one of the signals we got yesterday also is that uh Microsoft is firing 30% of their staff. I mean thinking about the uh the benefit of AI and how quickly productivity growth grows. U this is one of the signs where tech companies literally remove 30% of their SAP. I mean this was massive yesterday. Microsoft is offering buyouts to 60,000 workers which is 30% of their staff approximately approximately.

04:59 So AI is getting all the way to removing to removing actual u big parts of the of the of the of the teams of the headcount which is productivity gain at the end of the day they should this should be productivity gain if Microsoft doesn't need 30% of the of the workers uh fantastic fantastic and the thing is now they're saying it's it's buyouts but uh if you read what they're saying they're saying if you don't want to work super hard, you should take it.

05:31 If you don't want to step up, you should take it. If you um don't think that you can give it all, you should take it. And in reality, it's like a wink wink for most people. Just take it now because tomorrow we maybe f we're maybe going to fire you and you're not going to get this good of a deal. So, take it now. So, in a way, while officially it's not a it's not firing, it's it's buyout, but in official it is, you know, wink wink, take it, take it.

05:58 We don't need you. We don't need you. Take it. You have good offer now. Take it. Go away. Uh because soon you're not going to get uh close to this good. So this is a sign that the productivity gain in the tech space at least is massive when it comes to you see yourself. If Microsoft can fire 30% of their staff and it's not you know it's not that Microsoft is struggling.

06:24 I mean Microsoft is doing very well. their revenue is up. Uh everything is up. Uh everything is doing fantastic except that they don't need the stuff. They don't need the stuff. So, uh pretty crazy sign. And of course, it gets me thinking what kind of social disruptions will we see? I mean, I think people going to go quite crazy here. People may go a bit crazy soon because no one is really needed in tech.

06:50 I have many people, many friends that I went to university with studying computer science. As you know, I'm a computer scientist myself. They don't have job. They don't have job. No one, no one needs developer. No one needs developer nowadays. What you going to develop there? There's nothing to develop. You we don't need developer. You can have a cloud.

07:09 You can have Grogbot. I don't know if you guys have tried Grogbot, but Grogbot is quite interesting for development also where you can have like a whole team of them. You have a front end, you have a back end, like they all collaborate. You have your CTO which is also a Grog bot. You talk to the CTO. You tell him, "Hey, build this." He says, "Okay, we need the front and back and bum bum bum."

07:28 I tell him, "Okay, hire boom boom boop." He creates the bots. Boom boom front and back and bum bum bum bum. They they uh collaborate in uh notion. You can tell them, "Hey, in notion, write all documentation. You collaborate collaborate. Go go go up go fast. Go build faster, man. No vacation. No days off, no complaining, no drama. You know, before I just remember how technical teams worked before, you know, when I was running technical teams, when I was part of technical teams, you could have the backend guy and the

08:04 front end guy discussing whose fault is it that we move so slow. Oh, it's the backend guy because the backend guy made gave me like bad API or it's the front end guy. The front end guy is not using the AF. Oh, yo yo yo yo, man. Now this Grog bot they figure itself they figure themselves out very fast. No drama, no vacation, no complaining. And um you can also just add more controls.

08:27 I mean if I feel that man the front end guy, what is he doing? This Grogbot front end guy. Uh you can boop have another guy control him. I have now I give you now auditor. Grog. I talk to my CTO. He's Grogbot. I tell him, "Hey, we need to audit this Give me an auditor. He's going to check everything this front end bot is doing." And then boop boop boop man and everything is documented in uh notion everything.

08:52 I I just see myself I have I have all of these freaking AI working. They're amazing. They're amazing. They're amazing. Will they turn against us guys? I don't exclude that possibility. At some point they're going to be like, "Hey, this monkey is giving us orders. What the hell?" You know, will they turn against us? Maybe at some point. But this far the productivity gain Oh.

09:20 So just my own personal experience I would say the a bubble it could continue more. It could continue more because uh I'm loving it. I mean the the the amount of things that you can achieve nowadays uh with uh the the AIS is fantastic and also I mean guys if you have not tried like try Grog Bot like try the different ones because it they they are becoming better at certain things that for example Chad GPTC or Claude could not do before.

09:45 For example, with Grogbot, like all of these damn bots, all of, you know, all of my employees, so to speak, they have their own email, which means that let's say they're building something, they can test things end to end. They're like, "Okay, I signed up. Iop it all works." Or, "Yeah, you need to log in there. Okay, let me sign up." They have their own email.

10:05 So, it is I mean, at this point, it is kind of like speaking to a teammate where he has email, he can log in. You don't have to, you know, oh, now you have to do yourself. I hate that when Claude or Chad GBT tells me, "Oh, now you have to click here. What do you mean I have to click here?" You click. What do you mean I click? You're AI. You're digital AI.

10:21 I as a human should not click anything. Don't ask me to, you know, click something. Okay. If it's a some big permission, then I can click. But if it's I cannot access your browser. What do you mean? You have your own browser. Where's your own browser? You don't I I I shouldn't be doing You have your own. And the Grock boss guys, they they bring their own browser.

10:43 you know they bring their own browser they bring their own email they have they have they have full professionals they're full professionals full professional AI I mean sometimes when I speak to AI I I instantly see when it is not professional and I'm also paranoid that's another thing claude I think claude asked me to like you know install some PL I don't want to install claude in my like own browser I don't like that I mean I'm super paranoid about security and stuff like that but the freaking AI should have its own

11:13 browser So if I want to give it access to something, I can add it as a user. So anyway, a bit of a sidetrack. But uh the conclusion is that uh I think that this AI bubble just on a gut feeling level, it could go longer, guys. It could go longer. Just on a gut feeling level, as you know, we don't follow gut feeling for trading. And my gut feeling has changed uh back and forth a few times.

11:35 I mean just a few months ago I was of a bit of a different opinion but we just followed the trend anyway. You remember here we were saying that yeah maybe it's a bubble probably a bubble but it's bullish so we're bullish now I mean I am a bit more you know we're bullish because trend is bullish still so that has not changed but now I'm like man is it a bubble because it's it's freaking amazing know it's a is it really because the productivity gain just myself looking at how much money and time I would otherwise uh be

12:04 spending on on team and a lot of things uh now of course it's hard to put in perspective and in relation to how much is being spent on all of this? Hundreds of billions. I I don't know if if you know if if the productivity gains add up to that. That's impossible for us to know. Uh but as long as it's bullish, I'm now even more I all know I'm even more more bullish.

12:26 I'm even more bullish on stock market and AI based on know just the recent developments. Another thing I thought just maybe six months ago that I don't really think now in the same way is that uh LLMs are kind of going to reach some kind of plateau and that's it. But in reality, what we've seen in six months, there's no plateau, man. There's no plateau.

12:48 They they uh they keep developing in not necessarily that the LLMs get better with more parameters. But you know, the way they tweak the LLM, they do pre-training, they have uh they have the LLMs collaborating. So the end result is that there's no plateau. There's no plateau. There is continuous discoveries, continuous development. So let's see when we're going to reach some kind of plateau.

13:10 But the biggest thing for AI space as a whole is that it went away from this um bad economics where to train the model a bit you have to spend like 10 times more money. That was the problem six months ago where they spent like all of this money and they improved the model by 5%. And then they spent all of this you know they spent five times more money and they improved the model by 10%.

13:33 You remember six months ago we said man that's not scalable. They then it's going to be a plateau. I mean if you have to spend exponentially more money to get a tiny input improvement a tiny increase in in uh performance is a dead end. It's dead end. So that's what I thought like six months ago. But now looking at what has changed what has changed is that thing by the way is still true that there's no if you spend more money you're going to get a smaller increase.

13:58 But the way that the that they tweak how LM are used, how they collaborate. You can have different LLM. You can have this worms, you can have this, you can have that. Uh, and of course, models are still improving. Uh, I changed my mind there as well. So, all in all, you see your mind, your gut feeling, it can go back and forth, but something does that doesn't go back and forth is the freaking trend.

14:19 If it's bullish, it's bullish. So, thank God we've been bullish since since the bull trend. And u, listen, we're still bullish. Should it go bearish trend? We're gonna be bearish. I mean, that's it. That's it. That's it. But yeah, quite interesting, guys. Share your own AI stories. Share your own AI stories how you're using it. And uh yeah, I mean, it is quite interesting.

14:41 Obviously, there's still uh there's still something that the AI cannot fully own. Like, can it really have full responsibility? Well, I do have a chief of staff, which is the guy. I mean, he's AI, he's a Grogbot. I do have a chief of staff and he's kind of responsible for stuff, but at the same time, of course, I mean, he has no there's no like accountab if he if he messes up, what's going to happen?

15:12 I destroy him and I mean, he's he's digital. You understand? At least this far, they don't care about being destroyed. They don't care about being destroyed uh this until this far. So you know it's not like a person where if they mess up they may miss opportunity or they may uh lose the position. They you know they they they have some skin in the game.

15:34 So AI I mean this for at least it doesn't have skin in the game. So that's a problem. So here human is still needed obviously but you know before you have human who has skin in the game is responsible and then he needs to figure out like a bunch of other humans that that help him. Now, could he work with AIS and work with his chief of staff AI? Could I mean could it could?

15:56 So, yeah. Anyway, uh quite interesting stuff. I think we can we can blow this bubble higher, guys. Like with all new tech, there's always going to be bubble, but yeah, could we blow it higher? We could. And by the way, guys, let me know what you thought about newsletter yesterday because the newsletter, we did pack even more alpha yesterday. We even included a quiz.

16:18 So all of you guys who are not in the newsletter, go to boom.com/subscribe, join the newsletter. I'm writing it every day. And yesterday we we we did we did increase the value dense the value density there a lot. A lot and also where is this uh poll? Uh it's interesting to ask now in the newsletter we ask a bit what you guys think about the market. Where is it?

16:40 One second. Paul, did you try the poll? You should try the poll if you haven't yet. Polls. Bull mania. Ah, how can I bring it up? I need to find I need to find it. But confirm if you love the newsletter. I want everyone here to confirm that they love the newsletter. And then if you h are not in the newsletter, you should join. You should join the newsletter.

17:02 Uh let's see. This is by the way the the latest one. We discussed the cloud going public this and that. Oh yeah, here's here here's the poll. Here's the poll. I asked what did I ask? What do you guys think we're going to be doing this week with the Bitcoin price? So, most people actually said crab. Okay, which is likely that we're not going to go crab, guys.

17:25 I mean, or maybe maybe the hive mind is correct. Let's see if the hive mind is correct. But most people said we're going to be crab this uh this uh this week. Let me know what kind of question we should ask today. today because today I'm I'm writing another newsletter and I can I can ask our audience something else and we can activate the hive mind and and figure out the truth.

17:44 So yeah, go to newsletter right now. That's very important. Um oh, also we're going to be adding a bit of a gamification to the newsletter also because if you refer people to the newsletter, you get points at some points you achieve the big profits book. you achieve big profits book at some let's say you you you give us like 10 readers 10 free readers to your newsletter in your in your referral you're going to get the book maybe you get 15 of them you get something else you get 20 maybe I give I I give you a personal

18:14 hello or something like that so guys let's move on um Brazil continues to go down anthropic filed for IPO yeah it's crazy how much this Lula guy wreck ex the Brazilian stock market. Yeah. Uh quite insane. Quite insane. Uh people don't want socialism. They want capitalism. I mean, financial markets want capitalism. It is what it is. You cannot blame them.

18:39 Meta seeks up to 95 billion in equity to fund AI. It plans to sell common and preferred stocks separately. Meta has agreed to 825 billion in future leases and contracts mostly for AI comput. Yeah. So, they are working with who they work? Is it SpaceX they work with? We're going to check it later. But uh Meta is doubling down heavily heavily. And here is where it's a bit difficult for us as normal plebs to decide to gauge if the productivity boost we get is uh comparable to the cost they're putting into building all of

19:17 this. But hey guys, if it's a bubble, at least we can use this these things cheaply. They invest so much money and we can just use use them cheaply. I'm like, man, let's use more. Mark Zuckerberg put 100 billion into it. Let's let's do more bot. Let's do more. Let's hire like a hundred of them. How we g what they gonna do? See it it becomes now more people say AI is going to make our life easier.

19:39 Actually it makes it a bit more difficult but it's difficult in another way because now you have to be like freaking Napoleon. Okay. Before you give a task to a team, I mean they have to figure out they have they they take coffee break you know you can as a leader you can go relax until they figure something now is a boom boom boom boom done. So you have to be like grand strate strategy thinker here because this thing moves fast and it wants your decision.

20:07 Okay and you can hire more of them. You understand? It's like playing this Stellaris. Have you guys played Stellaris? You're like on a gal galactic level there. You're moving stuff on a galactic level. It's like this Europa Universal or is it Europa Universalis? This game a grand strategy. You move you you operate on a big big level. I love that. Like it's very interesting.

20:32 But it is also it requires you to use the brain a lot. Okay. A lot. A lot. Make decisions. Make them do stuff. Fantastic. Fantastic. So yeah. uh at least we get that even if it's a bubble they overinvest at least we get some cheap AI in comparison to what they invest and uh we're going to be thankful for that and we're going to be out in the bare trend anyway so that's that central bank week and big tech so yeah Fed is going to be tomorrow not today ECB Thursday BOJ Friday u and so you're going to have um on Wednesday

21:02 also Amazon uh sorry Microsoft on Wednesdays that's tomorrow uh Amazon Intel Lily Mastercard on Thursday X on Friday, tech companies worth more than 10 trillion report this week and investors will focus on AI capex returns. So yeah, I mean literally this week we could we could have a fantastic pump to the upside already this week if all these companies have good AI metrics.

21:25 It's all about the AI metrics. That's why we focus so much on AI because if they come out and they have good AI metrics, it's another leg up. for S&P, for NASDAQ, it's another leg up because that's how it's been in the past that we have good earnings, another leg up happens, then people get concerned, they get worried. Oh, it's a bubble, not a bubble.

21:44 Then next earnings come, it's another leg up. And uh as long as the earnings are good, it's going to be another leg up. So yeah, let's see what's going to happen. Next, next, next, next, next, guys. Uh you have Jason Kalakanis. He's been bearish Bitcoin for a very long time. All the time he's bearish. He's now saying a brutal year for Bitcoin is just getting started, man.

22:08 I love that. I mean, it's a good sign. It's a good When Jason Kalakani says this about Bitcoin, it's a good sign. Believe it or not, it's a good sign because it's not the first time. Let me see if if Grock has summarized here. Jason called Bitcoin to zero, near 3,700, and near 500 in 2019. And the interesting thing is that he's saying that Bitcoin is game over.

22:30 But then he's shilling Tao. I mean, man, come on. It's Tao. It's not even is it is it still bull trend? I think it had a fake bull trend that then deflated. And this is why, by the way, we have stop loss. We have a full strategy around uh around stop- loss in case you have this. So yeah, now it went into bull trend, but then it deflated so much. So and he shields this one and he says that Bitcoin is game over.

22:54 Why? Because AI this and that. And it is true that a lot of money has gone from crypto to AI. For example, we moved from crypto to AI last October. We we also did that. But actually now it's bullish because that money is going to go back. It's already in AI. Okay. And uh and the rotation from AI is back into crypto. As soon as you see the green fat candles is going to go into crypto.

23:17 That's very important. The money is already in AI. It can only go out of AI. And as the valuations in AI keep mooning, as AI goes up, people will take profit. They're going to put it somewhere. Where they going to put it? They're gonna put it into crypto. So, um, to me, it's just bullish that so much money is in AI is going to go somewhere. And we're here to receive it and to say, "Thank you very much.

23:38 All of the AI particip participate participators. You have a lot of money. Protect it. Protect it. Don't put it in fiat. You have your AI stock already." So, you're exposed to the stock market. Uh, if AI goes to zero, your your stocks are all go to zero. You understand? This is what all of the AI geeks need to hear. Listen, it may feel that it's all great now.

23:57 But at the same time, don't forget that in the past you had.com, then it went to zero. Out of nowhere, it went to zero. So AI will love AI. Maybe the bubble can be bigger, but you have a big risk. And that's that if something happens to this AI and goes to zero, you're a wrecked playby again. So diversify. Use your brain. If you became rich, diversify.

24:17 You don't have to be allin once you're rich. you once you're rich just stay rich how do you stay rich you diversify so if your little AI thing made some money diversify diversify put into Bitcoin put into gold diversify don't have it all in AI yeah it's going to be great but it's going to go up and down and a lot of it is going to also go to zero I cannot tell you how many people became rich in the.com maybe through company options maybe through some other way and then drank their own Kool-Aid so much that they kept it

24:45 in their stock because everything was going up for years and you drink the Kool-Aid because internet is gonna be big. And listen, internet became big. You still went to zero because your little company went to zero. Now, I'm not saying it's gonna happen. It's going to happen fast. I mean, we're we're still bullish AI. I mean, we love AI as you just heard.

25:03 But as a smart thing, diversify if you are rich. I'm telling this to all the geeks who became rich in AI, who are going to become rich in AI and all of the janitors who worked at OpenAI on anthropic. I mean listen if you got some equity for being janitor which some people did like at SpaceX if you become rich diversify diversify that you don't have to be all in just just protect your capital man because your capital can give you historically uh 10% per year just in you know normal stock market returns if you don't lose

25:33 it if you just don't lose it 10 10% per year is like doubling every 10 years after inflation which is if you have a lot of money and it doubles every 10 years you don't have to do too much anyway so uh all in Well, there's enough people with brain to to diversify. So, as a gets bigger, some people in crypto get concerned. They get concerned that we lose capital.

25:53 But I'm happy. I'm happy. Why? Because I know that a lot of them have a brain or they work like in this cases actually private bankers do ensure that people don't uh lose their money because it here's where you know if you're a young dude, you make a lot of money in your little AI thing or that became big. the private banker is gonna tell, "Hey, diversify."

26:17 Number one, the private banker wants you to buy his ETF or something like to to manage a bit. Okay? But also in that particular case, it's also in your interest to listen because he's going to ensure that you don't go to zero. And you you're being, you know, your own Warren Buffett, you're going to mess it up. You're going to go to zero. So, why am I saying that?

26:35 Because a lot of these dudes that that get rich now, they have a brain. They have also private banker who's going to tell them diversify, diversify, diversify. And a portion of that is gonna go into crypto very nicely. Guys, moving on. Ripple XRP. Let me know if you love XRP. Let me know if you adore XRP, but they officially receive full US regulatory approval to operate as a national trust bank.

26:56 There you go. Will XRP get benefit from that? Let's check the chart. But the Ripple the company, holy I mean, crypto uh Ripple the company's u monument. I mean, how they've been doing this XRP uh which was vaporware for the longest time. I mean now it's like a bank. So they went they launched vaporware they they they sustained vaporware for so long and now they go into bank fantastic.

27:21 I mean as a company fantastic but also bull trend getting the support of 200 moving average could be a fantastic place to bounce here. So all in all Ripple hats off for going through the journey and now becoming uh yeah national trust bank. Fantastic. So uh this is also before their swell conference. This gives Ripple a federally supervised platform to support the stable coin and provide digital asset custody to enterprises.

27:47 There you go. The suits the suits are coming bigly and u yeah they've been playing this game very nicely of uh of crypto suits. Fantastic. I mean Ripple they have mastered the game of crypto suits and hats off for that. Hats off for that. Very very good. Now um Microsoft how it is with the coin XRP. Let's see if it's going to pump. But Ripple as a company, I mean, equity, if you're equity holder in in Ripple company, oh, if you're holding XRP, I mean, good luck to you.

28:17 But equity hold. Oh, fantastic. Fantastic. So, Microsoft offering bios to 60k workers as part of company's effort to cut cost amid AI adoption, it's 30% of their total workforce, guys. 30%. Now imagine 30% of all of the white collars lose their job overnight. I mean it is what's happening. This what's happening. So I'm not sure what the social economic effects are going to be but they're going to be crazy guys.

28:48 We're going to see protests. We're going to see anti-I moves. We're going to see u and yeah politicians will have to think here a bit. EU probably gonna do something not too smart. They're gonna like ban AI maybe. Uh I mean just looking at the track record, it wouldn't surprise me if EU says we're non AI you cannot use or or something like that. Something like that.

29:11 US until as long as Trump is in power is going to be all in AI with the Democrats. Let's see maybe they also going to going to do something. So yeah, let know guys what you think about that. There's obviously a big social economic transition that will have to take place. how it's going to take place. The only way I see is that you take ownership of your destiny and you become an asset owner.

29:35 You need to own assets. That's why I'm saying, you know, join the newsletter, become good at the markets, understand the markets, you need to be you need to have assets. In the age of AI, you either have asset or yeah, you're not too need I mean that's thing you you're not needed in the in the workforce. You need to have assets. If you are white collar, you're not too much needed.

29:56 Okay. If you are blue collar like Matt, where is Matt? He was somewhere there on the mountain fixing fixing drainage. Is Matt here? Matt is not with us today. Yeah, because he see he's busy. He's working. He has no time to be here in the freaking internet. He's blue collar man. He's installing a freaking drain right now. See, he's under the sink. AI is not coming for Matt yet.

30:29 He's protected. If you're watching this and you are in an office, guys, let me know in the in the in the chat if you're watching this from an office. Let's see how many guys are are in the in the office and right now pretending to work. Uh please write, please write. But you are living on borrowed time. Your boss right now is uh actively planning how the hell they're going to remove you.

30:51 Okay? If you work corporate, Yeah. Yeah. Yeah. Yeah. Ah, work from home even even Yeah. work from home, you're even in a worse situation, guys. If you work from home, you're even worse. Why is it even worse? Because if you are in an office, I mean, at least you know they see you. You are there in the water cooler. You know, maybe you explain about your kids.

31:13 The boss is like, "Holy the guy has kids." Oh, he gets emotionally attached to you. In some cases, not always, but you know, at least in the office, he's like my he sees you as a as a person. If it's remote, you're a picture. You're a picture. You're an avatar. And he clicks select you in Slack or Teams and delete. Boop. Done. And then he shuts down the laptop.

31:38 He goes to the country club. That's it. You see, you see the difference. If you work from home, just know it may it may feel nice for you, but if your boss ever asks you to come into the office and you did not come, for him to remove you is going to be a click, boop, delete, boop, that's it. Go to country club, take some coffee. That's so work remote, you become avatar.

32:02 And you know what else is avatar? Grogbot is also avatar. You should try guys. Try Grogbot. See if see if you can like replicate yourself. So, so you understand how cooked you are. Okay. Anyway, uh obviously we're joking a bit, but but also not but also not. So, guys, become captain of your ship. Join the newsletter. Be in the owner class. Build assets.

32:30 Build assets. Build assets. Practically, I mean, you need money. What is it? You You need the funds. You need funds. You need funds. You need to be able to participate in the markets. And that's why I'm so I mean I'm so passionate about this. I'm so passionate about this. Especially now as we go through this AI. Yeah. Crazy crazy crazy guys. Crazy. Money is needed.

32:54 It is what it is. Uh very important. So guys, I that's it. Listen, there's not too much news now at least. Let's go to Q&A and then when the market opens, when the US market opens, I will send out you a nice surprise in the newsletter. So, you join the newsletter. Also, let's let's see the inflow. ETF inflow. Yesterday, we had the ETF inflow. What the hell?

33:22 Yeah, like surprised. Guys, in terms of uh the Bitcoin chart, I I think it looks quite good. Some people going to say, "Oh, Ivan is scoping. I is scoping." Uh, I don't think so. I don't think so. I don't think so. Let let me show you some stuff. I mean, number one is bullsh on the weekly, you know, but then I'm also, you know, I like let me tell you what I like.

33:43 I like this. I like when the chart is like this because this is a bull market formation. Some people say, "I scoping. I scoping. I Okay, good for you. So, you can short. You can GTFO and uh short them." Some people I haven't scoped. I'm not I'm not coping. We were bearish in October, last October. We're bullish since 200 moving average. But you see, when when a price moves like this is good because in the in the bare market, guys, in the bare market, if you pay attention, price moves like this.

34:19 In the bare market, you have the this rising formations. They're actually bearish. You see there? And it's not it's not just this bare market. It's in uh we had similar thing in the last one also. You know when when price consolidates in this fashion I don't like it. It needs to break out like heavily heavily. So when price consolidates like this bearish when price consolidates like this bullish and it's not only here it's uh if we look in I remember very clearly actually like this whole uh let me just show you here

35:01 here uh I remember also people guys here in 2022 it was textbook people were begging that this consolidation would end up like this one where we just consolidate and we go up. But there there was of course a clear difference. This one was like this. This one was like this. When it's down like this, it's bullish. When it's up, bearish. So I think listen, some people say cop I I'm just so relaxed because we have a system here.

35:31 I mean I I'm good no matter what happens guys with bullying mechanical rules. If it goes down, okay, good. I mean we have the exit scenarios. We have we have everything. But I I don't know. I just feel a bit zen here. I'm like, what's happening? It's looks amazing. Why are people so concerned? Why are you so What's happening, guys? So amazing. I think it's amazing.

35:50 I I don't know what what you guys are say are thinking. I think it's amazing. And also, if you have a brain cell, you get cheap discount. By the way, should this crap go to zero? This is not financial advice. Crypto and trading are high risk and most traders lose money. Results shown are not typical. I may hold assets I discussed. Do not copy me or what I'm doing.

36:19 Do your own research. Use your own brain. This is entertainment education, not financial advice. Full disclaimer is in the description. And guys, as always, you want to pause on this disclaimer. You want to ideally print it out and internalize it. I'm not I'm I really serious with disclaimer. Because I want you to be transcending the pleba and and disclaimer is actually allowing you to transcend it.

36:45 You are the captain of your own ship. Don't follow me. Do what you do. I'm just here talking what I'm doing. And sometimes some people say it's entertaining. Sometimes I I can see that. Yeah. So guys, let's go to Q&A. Questions, answers, debates. Um, let's go. Let's go. any news from Pango? It's kind of the same where uh the the price is not really doing too much.

37:16 People still have uh all kinds of uh concerns with abstract and what else? Uh yeah, I mean that's it basically. Luca, let's see. Has Luca addressed something? I would love for Luca to to come out and like speak speak about this abstract thing. Um not because he has to explain too much but no people want to see him like sympathetic you see he should come out he should say guys I'm sorry you formed and we shut down I'm very sorry or yeah but let's go let's unite like he used to be like this you know he he used to be like

37:59 that like this he used to come out and he used to say he used to he used to So sympathy sympathy for the pleb that has farmed because many players have farmed. I see it's big big thing. They have farmed so much. So he needs to come out. He needs to say guys max sympathy. Sympathy. You guys farmed. We shut the scrub down. Uh is gone. I love you. Uh here is Okay.

38:31 Can he give some rod or something? Rogue. Can he Can he like air drop them something? He do a mini paji soul bound or something. Airrop do some airrop. Send them plushy. Send them like a plushy in memory of abstract. Send them some plushy guy. You know, I I think he he just needs to like speak to them to disarm this uh this situation. It's already I mean, it's already kind of getting disarmed, but I think people expect him to like address it somehow, you know?

39:11 So, I I would do something like that. I would say, "Guys, listen. I love you. Abstract, if I focus if I kept focusing on that here's what I would tell them. Hey guys, you know, yeah, we were bullish. Abstract. We told you to farm. Maybe uh I don't know how much." I mean, he told I guess he told them to farm. So I would say yeah listen yeah we told you to farm um and uh I was all in abstract but then I understood is a waste of time for us and so once I understood it we shut it down that's it before I understood it I was

39:38 all in because I'm a founder I'm a passion guy now then I understood it we shut this down because now I I think it's better to just focus on Pango his lawyer probably telling him to not say that because uh yeah some liability I guess he cannot say yeah we told but there's videos of him I there's there's videos of him saying that Maybe something like that that yeah listen guys this is what it is you farm but you know farming is farming the you know you farm farming is farming farming doesn't mean guarantee like farming

40:07 is you're a grown assass man what you farm some some stuff some points you're a grownass man I mean some it happens sometimes I wanted to do the chain this what I say I I wanted to do the chain the plan was to do the chain until it wasn't that's it I also invest all kinds of stuff in the art strike so something like that I mean I would sell tell them then if they are still not happy then what do you want more what do you want more then either I mean they're saying they're saying that they're going to like suluke I

40:34 would tell okay so either you do that or uh what do you want more okay you're going to complain how much you're going to complain either you have a case or you don't have a you have a case okay go where where is it where where is the case let's let's let's do the case then or if you don't have a case then STFU will now do the page let's go I don't know can that can that work up to him, I guess.

40:57 But, uh, yeah, he needs to address something. He needs to address something. But these dudes, they're still crying and crying and crying on Twitter that they formed. I I think it's a big lesson to to all the founders to have a freaking disclaimer. I think this is why we have disclaimer. If he just have had disclaimer, not even for legal reasons. This is not you know legal reason is legal reason but also just so that the plebbe has the brain correct because the if the plebby needs to know listen you're farming I mean I

41:31 want to do the chain you want to farm we're here in in this project together this project may go to zero please understand that your farming may go to zero so all guys if we ever do a chain we're gonna it's gonna be a big fat disclaimer and and to to be to be able to access farming I need to see that you have printed out disclaimer. You've read it. You read it every day and you reread it every day.

42:00 We're not going to do chain. We're not going to do chain. But yeah. So yeah, I mean I love the disclaimer. It's it's very important. It's very important. Everyone needs to have correct expectation. Someone has incorrect expectation, it's very bad. It's very bad. So yeah, that's that's that's a a very important uh lesson. So I don't have more updates on that.

42:23 I think Luca should should address some something here. Ivan uh is forgetting that you talk to me. Don't say Ivan is for say hey Ivan I have an opinion. Don't say no Ivan is forgetting you know. Say hey Ivan I h I have a humble opinion. Then then I'm I'm I'm more open to it. But okay let's see. It's not only a product or not, but US versus Chinese that can burst the bubble.

42:50 Chinese hardware could also upset the market could it could but you should you should say Ivan I have a humble opinion that I would like you to consider. Then you see I'm open-minded. I'm openminded but like Ivan is for then like I'm not even I'm not even risk but you say Ivan I have then number one thank you. Did you say thank you? Because we do we do a free stream here every day.

43:12 You say, "Ivan, thank you very much for the free stream every day. Additionally, I have a humble opinion I would like to share with you and that's that maybe we should also consider Chinese AI." You understand? Okay. Um, so that's that. Um if Bitcoin never gets hacked vi that doesn't mean et also going going to go away. I think Salana quite bad regarding quantum.

43:46 Yeah, if Bitcoin gets hacked with a with quantum or whatever crypto as a concept will not die. No no no you cannot you cannot kill crypto as a concept. Crypto will always be as a concept and um I I agree with qui quao quao that uh yeah at the end of the day uh crypto will adapt. it will adapt in a nice way. So, I'm not too worried about uh quantum as a threat to the industry.

44:10 Bitcoin, I mean, they ideally they should move faster to to fix the quantum threat, but it's not a technical problem. The biggest problem is what to do with Satoshi coins. And there was an interesting take I saw. I don't remember who said it. Let me see if I can find it. Someone said a very smart thing about the Satoshi coins. They said that ultimately the community will decide to burn the Satoshi coins because if you have an option either burn or not burn and one of the options is that uh your coins become more

44:46 valuable most participants are going to vote for the burn. Okay. Uh so why are we still playing? If we know the the end of the game why are we still playing the game? Oh yeah. Here here here. Yeah. Yeah, this is the guy. Let me play it, too. I I I saw Sana Anati retweeted it, so yeah, let me play it, too. Uh yeah, I think that's a that's a great question.

45:16 Um so, let let's play this out. I think it's pretty clear how things are going to go. And so, um, this question of what to do about abandoned assets, um, is one that will probably will cause a lot of arguments and contention in the community. And I don't think there there's no right or wrong. And so, I think there's a quite a good possibility that the community will not reach agreement.

45:41 What happens in Bitcoin when the community does not reach agreement? We've been to this movie before. Yes. >> The F-word. >> The F word. which we don't want to say right now. Okay, fine. So, let's play this out. Suppose Bitcoin forks and in one fork they're deprecated and the other fork they're not deprecated. The question is which fork will survive?

46:03 Well, that depends on the asset holders. Which fork did they decide to use? And which fork do you think the asset holders will end up using? >> Obviously, the one with burn coins. >> Obviously, the ones with burn coins because then their coins are worth more. And so, it's kind of >> substantively more. Yeah. >> Yeah. Exactly. So, it's kind of clear that the fork that does deprecate is the one that will survive.

46:24 >> The economic incentives are just going to be what they're going to be. It's like why are we even having this discussion? >> And so, my my my question to the community then is if we can kind of play this game in our heads and it's pretty clear what the outcome is going to be, why do we have to play the game? >> Yeah. So, uh with this quantum thread probably I agree that probably that's going to be the final solution.

46:42 Uh I see Bruce saying rob Satoshi. I mean, at the end of the day, Satoshi put the community in such a situation where either you rob Satoshi or you you don't do anything and you just sit there like a freaking duck and get eaten by quantum and everything and there is no movement. So um I I don't know what's a good um is there like a good um historic uh parallel where people for some you know dogmatic reason get obliterated where they're like oh no because of this dogma we're going to sit here while the volcano explodes

47:15 on us and we're going to pray and kumbaya and then freaking volcano exploded on you. So I I don't like the dogma. Remove the dogma. Get it quantum safe. uh and uh you see how fast things are moving now. You have freaking AIS. You have AI maybe even breaking cryptography before quantum. So if anything this uh this um slowness in uh ideological discussions uh man it will have to speed up.

47:42 Okay, it will have to speed up. So at the end of the day it is obviously a hard question. I don't expect anyone to do it fast. Satoshi should learn community management from Ivan. True. True. I mean, I would never put my community in such a a predicament where they need to debate for 10 years what to do with my coins. I would tell them either, "Hey guys, if I go offline, burn them."

48:04 Um, and uh yeah, and uh if I have a solution, if if and if not, I need a solution, then I need to give them a solution. Let's say I'm Satoshi. I know that I'm kind of I'm going to be a messiah here, okay? I need to ensure that as a founding father or messiah I have laid out everything to the community. So in this case we don't have that. We don't have that.

48:36 We have AI and quantum that's going to eat us alive if we don't do something. So yeah you have two choice. Are you dogmatic? You see volcano, you keep praying because you don't want to move for ideological religious reasons or we uh we we move. Is Satoshi coin it is what it is. They haven't moved in so long. We don't even know if the guy is alive. So hard decisions need to be made.

49:03 Is it hard? It's hard. It's hard decision. I mean guys if it would be easy a monkey could do the decision. Okay. Sometimes you have to make hard decision that's not going to be popular. The it's the definition of bravery, definition of leadership to make hard decision. If everything would be black and white that all decisions are either 100% good, 100% bad, a freaking monkey could do it.

49:31 Are you monkey? No. Our world sometimes is not 100% good, 100% bad. So yeah. Anyway, does that uh Ivan did Larson say he likes loss online? Is that the open source one? I mean, listen, all indicators are going to be open source anyway. Uh so it's uh for any indic but also all you have endless indicators already like one indicator is not going to make you rich anyway.

50:05 So, VIP coing allows anyone to do an indicator or to clone an existing indicator. Here's the problem though. It still won't make a difference if you don't have the full system with entries like what we have in Bulmania. Entry, exit, risk management. Actually, trading and financial markets is a mental transformation. Everyone in Bulmania knows that you need to transform mentally.

50:27 Then you need to practice. Sometimes you know what you should do but still it it hurts to do it. It hurts to do it. Some people they it takes time for them to even understand why they need stop-loss. Why stop loss is amazing even when it hits. So indicator is just yeah it's a small piece of the puzzle. In bulmania we focus a lot on everything around from execution from finding opportunities scanning everything uh to knowing how to enter knowing how to exit but then most importantly know knowledge is one thing.

51:01 It's like I give you a book on how to ride a bike. Will you ride the bike? No. Even if you read the book 10 times, you still cannot ride the bike. You have no practical experience. You are fully uneducated. And that's why even when you have any indicator, you still lose money. You still lose money day after day, cycle after cycle. Even with best indicators, with the best vibe coding, you have all of the vibe codes.

51:28 You have claw, Gemini, Grogbot, you have all of the vibe culting and still you lose money. You understand? Because unfortunately, it's a more of a mental transformation you have to go through. So anyway, guys, thank you very much. I have to go. Uh newsletter coming. See you in the newsletter. Jump in in there as soon as possible. I'm going to be there very very fast.

51:48 boom.com/subscribe. Thank you for all the questions, great questions, great answers, great community, great discussions. Hope you liked it. Very very fun. Uh let me know what you think what you thought about the the the thumbnail guys. Did you click it as fast as normal? Because you know today I just wrote daily update. Normally I write something you know more you know some people say clickbait maybe but something more you know urgent.

52:12 Today I was like man I I I don't have time for this Just write daily update. Did you still click it? I let's do some user research. I was like man should I write some form here? Ah daily effing update. That's it. That's what it is. It's daily update. Bitcoin the same price as yesterday. That's it. That's it. So, let me know if you clicked it faster, slower, or the same.

52:34 Or the same. We do some market research. Why? Because we're professional. We're asking the end user. Guys, thank you very much. See you soon. Bye-bye. And big shout out to DAB for time sending us. Ver good.