Why Crypto Investors Should NOT Fear the Midterm Elections! Transcript, AI Summary & Key Points

00:00 If you're worried about markets going into the midterm elections or just in general, don't be worried about markets. And I'll show you why you shouldn't be worried about markets, because the oil chart has told me not to be worried about markets. As you can see, oil is now broken down. And I mean, it's pretty symbolic that oil is breaking down on the day of the elections.

00:18 But beyond this trend line, which happened from July, effectively, oil is now breaking down and retesting the trend line. Trump says that oil is dropping like a rock, but that's not the only reason not to worry. The other reason not to worry is that generally after a midterm election, regardless of whether we get a Democrat clean sweep or a Republican clean sweep, generally the markets basically go up afterwards.

00:43 So if it's a Democrat clean sweep, maybe the markets don't go up as much as the Republican clean sweep. Here you've got 7 out of 7 positives when you've had a Democrat clean sweep and the markets have gone up 15.5% after a midterm election. If the Republicans win, it's an 18.4% and it's 5 out of 5 positives, right? And if you add them all up, all midterm elections, basically a year later, markets always usually trade up.

01:09 So I'm not too worried about the midterms. I'm also not too worried about the midterms because if you look at what the banks are projecting, they're not actually projecting big moves. You can see JP Morgan says if it's a blue wave, we're going to get the markets pretty much where they're at, minus 0.25 to plus 0.5. If it's a split Congress, plus 0.5% to 1%.

01:29 So you can see that the moves that the big banks are forecasting from these elections are pretty small. So I'm not worried about the elections. I also know that the elections have always been a buying opportunity. You can kind of see that no matter what the elections are, the midterms are, no matter what the outcome is, generally you're getting a big move up in the NASDAQ straight after the election.

01:53 So generally, to be honest, if you're worried, I'm not that worried, right? This is another picture that basically shows the same thing. After midterm elections, we basically land up going up. So I'm not that worried. And the truth is, you have to take a view because if you don't speculate, you don't accumulate. Then you're just a spectator. And that's why what I've done today is I've loaded up an account.

02:13 I have $50,000 in this account. Well, actually, I have $49,894 in this account. And we're going to trade. We're going to take some positions at the end of the show to prepare ourselves for these midterm elections. We're going to trade. because if you don't speculate, you don't accumulate. You've got to take a view. You've got to put your money where your mouth is.

02:31 And if what you say happens, if what you think is going to happen happens, you'll end up making money. And if you don't, then you'll end up becoming a bag holder. So with this account today, either we're going to make money or we're going to become bag holders. And we're going to be doing this live on air today. So that's what the show is about today.

02:48 Happy Election Day if you celebrate. And it is a happy day today, guys. It's a happy day today. You know why? For me, personally, it's a happy day today because, you know, I have been suffering with a broken collarbone or for those people who are much more medical, it's called a broken clavicle. So I went to the doctor today. He says I'm all clear. I don't know.

03:05 I still see rubbish going down there. I still see like a break and a fracture and it's all there. But you know what? I'm out of the sling. So I'm not in a sling anymore. I don't have to lean my arm on the desk anymore. So I've got my movement back. Ran's back, people, Ran's back. I mean, is that not a beautiful clavicle bone? I mean, have you ever seen a clavicle like that?

03:23 I mean, you know, a lot of girls, like when they see this clavicle, they're like, it turns them on. If you're a girl and my clavicle does it for you, let me know in the chat. I've been told that by one of the nicest, the lady at the x-ray place that took the x-ray, told me I've got one of the nicest clavicles she's ever seen. She said she's never seen such a good clavicle before.

03:48 Yeah, it's true. She said that. She said it. I'm telling you she said that. She said she's never seen a clavicle like this before. Anyway, I'm back. I've got movement back. Raise your hands. I can't raise it past here, but it's all good. We have got some movement back in the markets. In the markets. Movement back in the markets. Movement back in the hands, guys.

04:04 Movement back in the hands. 0X911 says she told me the same thing too. She loves clavicles. However, I promise you should have seen it, bro. There was a twinkle in her eye when she saw that clavicle of mine. Yeah, I promise you. Anyway, okay, let's look at what we're expecting tonight. And we're looking at it on Kalshi, right? So, 75% chance the Democrats take control of the Senate.

04:31 94% chance they've taken part of the House. So there's, let's see, what is the probability of a clean sweep? Do Kalshi have the clean sweep? Suffice to say, the probability of a clean sweep is basically quite big. So this is a tweet from Fefe. He says, and I didn't feel like doing this analysis, so we'll just use this tweet. He said, He said, Democrats sweep of the Congress and the Republican president only.

04:59 In other words, they win the House, they win the Senate, but the president is a Republican. Only three times since 1950, right? Okay, these are the cases. On all three occasions, the market sold off on the day, but rebounded over 30 days and finished higher over 12 months in every instance. We know that. We've spoken about that before. In the S&P performance under Reagan, one mild dip on day one, 2.8% up on day 30 and 1.1% up after 12 months.

05:26 So not the strongest year. Under Bush, one mild dip on the day because the market basically responds. Then the market gets clarity. And then in the next 30 days up 5.6% and in the next year up 25.1%. That's more like it. That's what I'm talking about. 2006 under Bush Jr. One mild dip on the day, 30 days plus 2% up, 12 months plus 6.7% up. So not a bad performance by Bush Jr.

05:49 All these times Bitcoin didn't exist. The closest analog under Republican president with Democrat House was Bitcoin sharply dropped in the following months. So, but the closest analog under Republican president of the Democrat House gains was 2018. Bitcoin dropped sharply in the following weeks, months, but was up 45% over the next 12 months. Now, I remind you at the time that the negative crypto army and the negative crypto forecast was much worse.

06:18 So, here we're going into it. Democrats lead in seven states expected to determine control of the Senate on Tuesday, according to The New York Times Siena polls. Now, again, take the polls with a pinch of salt, but it's good to see that right now the market is pricing in a Democrat clean sweep by a long way away. I'm going to leave this artifact for you again in the description.

06:42 Johnny, put the artifact for the kids in the description. It shows you the battlegrounds. It shows you when the results are going to come out in your time zone. We built this in Claude in your time zone. So you can see when you should start counting or when you should start betting, right? And all these are the contested states. And you're looking for a result here, right?

07:00 So you want to see that if this one comes out red or if this one comes out red, we want red. I'll show you in a second why we want red. But it's going to come out on my time zone, 5 o'clock in the morning on Wednesday. I'm not going to be awake. 6 o'clock, I will be awake. 90% is clear. Then you pretty much know what's going to happen from there. So I want to talk to you a little bit about presidents in power, right?

07:22 So generally, people are always unhappy with the presidents, right? Generally, when presidents are in power, it's a very, very tough job. So it's very easy to sit on the sideline and say, I'm going to change this and I'm going to change that and I'm going to change this and I'm going to change that until you're actually in that situation. Now, I'm going to use a, should I use this anecdote?

07:44 It's a very bad anecdote, but it might actually be worth using the analogy, right? The problem is that when you are president, you basically played all your cards, right? It's like you've basically got, it's basically hanging out of your pants, right? Now, the thing is that yours is hanging out of your pants, but his is in his pants and he keeps saying, yeah, his is so small.

08:10 Because this is not hanging out of his pants. You understand? Then, you know, your wife leaves you, goes for him, and then she says, I can't believe I went for him. He's got nothing, right? But that's the thing. When you are president, it's hanging out. Like, it's there for everyone to see. There's no more hidden cards. There's nothing like that anymore.

08:26 And that's why most presidents tend to lose seats in the elections, as you can see, right? So that's what elections are about. We can expect the Republicans to lose. There are certain areas where it's in the balance. So like you can see these are the ones: Kentucky, South Carolina, Ohio, Texas, Michigan, Iowa. And basically we want to see what happens, whether they become Republican or Democrat.

08:52 There are a few charts that you need to be looking at tonight, tomorrow, tonight and tomorrow, depending where you're at. There are a few charts that you need to keep your eyes on today. Eyes on the charts. The first chart that you have to keep your eyes on is, who can guess? Come on. Oil chart, guys. You watch the oil chart. Republicans win. Oil price goes up.

09:16 Why? Because we're back in the war. Democrats win. Oil price goes down. How do you know if the Democrats or the Republicans are winning? Just look at the oil price. Simple. This is your first gauge. Brent oil, UK oil. You can choose your ticket, right? Whatever your fancy is. You can use UK oil. You can use Brent oil. Either way, we look at the oil price.

09:36 The oil price is going to give you the first move of what's happening in the markets. By the way, when we look to oil, we are back at post-pre-war production level. So the oil is flowing again. So now it just basically shows you that this is all Iranian fears. The next chart you're going to look at is you're going to look at the AI chart. This is a ticker called AIQ.

09:57 AIQ is the AI chart, right? It's the chart of AI. And we know that the Democrats aren't that big on AI, right? So we're going to look at that chart. And then you're going to look at the U.S. yield, so U.S. 10-year. You want oil to go down. If oil goes down, then people will think inflation is going down. Then this 10-year government yield will go down and AI will go up.

10:19 That's basically what you're looking at here. That's a good scenario. And the opposite scenario is true for Democrats basically coming into power because the markets aren't friendly to the Democrats. Researchers, there was a thing where Jamie Dimon basically called the Democrats' names on TV today. Just see if you can send me that thing. Anyway, let's now talk about AI, right?

10:44 So, the other thing, you've got to remember that all of this will pass. The midterms will pass. The AI correction will pass. In fact, it is passing slightly. I think that we're nearing the end of the AI correction. We're not at the end. I think we're nearing the end of the AI correction, right? But as it relates to AI, we know that the Democrats are not really AI friendly or less AI friendly than the Republicans, right?

11:18 So we know that as the Democrat Senate odds went up 11 points, the AI index went down 11 points. And so we are going to watch this. And the reason why it went down 11 points is because you can see how they are extreme left or they're becoming a very extremist party, which is extreme left. Bernie Sanders, I've commented on this tweet. Instead of building data centers, of which 66% of Americans oppose, I have a bad idea.

11:43 Let's build 6 million affordable homes with apartments. Let's build more hospitals. Let's build more schools, child care centers. Where are you going to get this money from? Maybe from the taxes that the AI data centers pay. Or you're going to print more money. So, yeah, Alan, the researchers are sending me something. We have to see what they're sending us.

12:06 I mean, this is not me. This is what Jamie Dimon said. I did not say this. He said, quote, "I have a lot of friends who are Democrats, and they're idiots. I always say they have big hearts and little brains. They do not understand how the real world works. Almost every single policy rolled out failed. I kind of remind you of top banker Jamie Dimon criticizing Democrats.

12:31 That's what he said. That's what Jamie Dimon actually said. Elizabeth Warren says, "Don't let a bunch of corporations dump chemicals in our water and say, 'Gee, I hope nobody gets hurt.' We have rules in place to keep the people safe. Frontier AI models are not exempt from the laws already on the books." It's time for Congress to step up and further protect the people.

12:53 Bleh, bleh. Senator Ruben Gallagher says, he is, just so you know, he is a proud United States veteran senator. He says, this is what it looks like when we trust the guys profiting off AI to regulate themselves. They're preparing for the aftermath of a catastrophe, not preventing one. I posted this. I think we all have to listen to this. This is from the dude in Texas.

13:21 What's his name? I can't remember his name. So how do you attract someone like Elon Musk to the state to build his companies and to employ the people that he does while also pursuing equality in the state at the same time? How do you marry those things? Yeah, some people have asked me if I'm demonizing billionaires, and I've said that I think I'm humanizing billionaires because for one of our own residents to become the world's first trillionaire while one in five Texas children live in poverty, to me that is a

13:45 spiritual sickness. I want people to be successful. I'm proud of Tesla. I'm proud of the great businesses across the state of Texas, across this country. When businesses are successful, people are successful, and I'm all for that. But to accumulate more wealth than you could possibly spend in 100 lifetimes while we have people starving in this one, to me that… I call that success.

14:16 Not the people that are starving, but that you can accumulate wealth faster than anybody else. I call that success. And when you're successful, you pay more taxes. And when you pay more taxes, you help more starving people. Elon pays taxes in those two states. This guy's from Texas. Elon pays taxes in Texas. Taxes in Texas. That means we're not fulfilling our full humanity.

14:37 What would you have done to stop that happening? Right. Well, I mean, we at one point in this country, we had, I think it was in the 1950s, had a top marginal tax rate of 90%. You know, I don't think it needs to be that high, but we used to have a political system and an equity. Dude's talking about a top tax rate of 90%. How do you feel about that in Texas, Texas?

14:59 Economic system. If this guy comes into power, they must just change the name Texas. They must just replace the E with an A. That's it. Just call it taxes. That's it. That more fairly distributed the fruits of our labor. On that particular point, if there was a tax rate of 90%, Elon would still be a trillionaire. Yeah, well, I mean, this is the problem when you let so much concentrated wealth and power get so out of control.

15:24 And I think the thing that really upsets people, particularly about the Elon example, is that Tesla was successful because of taxpayer dollars, right? Tesla got investment from the federal government, which is why it has been so successful. And he's paying taxes. And so if we're all going to invest in Tesla, if we're all going to invest in Elon Musk or pick your billionaire, right?

15:47 Most of our billionaires, you know, they went to schools that we funded. They drove on highways that we funded. They benefited from infrastructure that we all built together. And we're not saying they can't be successful. All we're saying is that make sure you give something back. Bro, he's giving back taxes. How do you attract someone like Elon Musk to the state?

16:05 Let's quickly just reprove. So, I will say, if this, if this clown wins in Texas, they should, I'm just going to put a comma, I must, there, just change the, my typing is very bad, very bad, just change the name to Taxes. Okay, there we go. We're going to post that to remind this clown. So anyway, that is what you're dealing with on the Democrat side of the table.

16:59 Specifically, they're very against AI, right? You see, by now everyone knows the Texas governor race will make or break the data center trade, but Ohio is just as important. Ohio also accounts for 21 out of 35 local data centers. Okay, so that's basically, it's all about, you know, the data center trade. And we're going to talk about the data center trade in a while because we're actually going to get into it today.

17:22 All right, as it relates to the AI trade, I see a lot of these posts saying, look, the AI trade must be near the bottom. I mean, Mr. Bullerish says, look, Intel's down 43%, COREWEB's down 37%, Nebius is down 36%, and I do tend to agree that we have had big drawdowns in these things, but don't fall for the tweets, young Padawans, because, yes, we are off the all-time high, right?

17:50 We are off the all-time highs, right? By a lot, like IREN is down 67%, COREWEB is down 63%, NBIS is down 50%. But if you zoom out and you say, okay, but yes, they're down 33% or 54% from the 52-week high or 34% from the 52-week high, but how much are they up since the start of 2026? So yes, SanDisk is down 54%, and it does look really scary when you put it on a tweet like this.

18:25 But it's also still up 1,967% since the start of 2025, and it is still up 4x since the start of 2026. So I'm not crying for the shareholder in your basis. Same thing with Dell. Oh, it's down 34%. How dramatic, but it's still up 212% since the start of 2026. Okay, so remember when you're looking at these things, you've got to zoom out and look at the whole picture.

18:48 Don't take the drawdown of a completely overinflated trade and then think you're getting it cheap when people are still up 5X or 3X or 4X since the beginning of the year. So I will leave this artifact in the bottom for you guys as well. Today's artifact day, everyone gets an artifact. You get an artifact, everybody gets an artifact today. I do agree though, that the momentum in the AI trade is going down and we want that, right?

19:17 We want the AI trade to cool down. You know why we want the AI trade to cool down? So we can buy it. Because we missed it on the way up. So at least we've got to wait for the correction. And when the correction comes, we buy the dip. You see, that's what we're doing. So today we're going to buy the dip. I'm going to show you. Got some nice juices on my list here.

19:36 I also see that the stock markets are actually in extreme fear territory. Extreme fear territory. I mean, imagine being up. Sorry, where is that thing here? Imagine being up 400% this year and still being in extreme fear territory. Just imagine. It's impossible. Anyway, that's where the stock markets are at, the S&P 500. You see people have moved out of the AI trade and they've moved into other trades.

20:03 And that's why, as you can see, we are only down 3% in the S&P. We're down a lot more than NASDAQ. In fact, I'll take you to NASDAQ in a second. A lot of people talking about AI as a bubble. It's not a bubble. If you look at it compared to.com, the NASDAQ forward PEs are currently priced at 19x. At the bubble territory in 2000, they're priced at 60 and 70x.

20:25 They're not buying. They're not at the bottom yet. Someone says time to buy. Time to nibble. Not time to buy. Time to nibble. This is a good tweet by Mike is Investing. It says, tech forward PE sits at 18x, just like the 2002 bottom, right? Nobody wanted to buy tech, and now the same script is playing out. Amazon's at a 23. Microsoft's at a 22. Google's at a 20.

20:48 Meta's at a 19. Taiwan Semiconductor, I think it's TSM, is 18. Oracle is at 15. NVIDIA is at 13. Micron is at 4 and SanDisk is at 4X. I mean, it has generational buying opportunities that these don't get clear. The market pullback won't last for long. I agree. I think we are at the end of the market pullback. This is another Mike. This is Mike is Investing and this is Market Mike.

21:16 Everyone's Mike. If you're in the market today, you're Mike. If you're a Mike in the chat, I'll give you $100, but you've got to prove to me you're a Mike in the chat. Okay. The NASDAQ just logged its third 10% plus correction from all-time high this year. The first one was 12.8, then the next one is 11.7, and now we're in 10.8. Since 1985, this has only happened four other years.

21:43 Here's how each one of them played out, and it basically shows you that every time that that's happened, guess what? We went up again. The NASDAQ finished up again. The NASDAQ finished 102% up here. The NASDAQ finished. Okay, down 36% here and minus one here. So generally we have finished up, but we have also finished up. I identify as Muck. Of course you identify as Muck.

22:07 Okay, cool. So also if we look at the S&P 500, lots of weeks of fear. Can you believe it that there are, I mean, if you're a stock market investor, welcome to crypto. Okay, you're not allowed to be 3.3% down and have these candles of extreme fear. It's just not allowed. NASDAQ also, like, extreme fear. Okay, guys, calm down. You had like 70 million percent returns this year.

22:34 Although the NASDAQ is now at the 200-day support level. If you look at the NASDAQ, it doesn't challenge the 200-day support very much. It does, but it usually bounces way above the 200-day. We're at the 200-day, so you can make an assumption that there might be a little bit more going down, but not a lot more. So yeah, we have corrected to the 200-day moving average.

22:55 So I think the NASDAQ correction is on its way out. Okay, so the election's on the way out. The oil price is repairing itself. The NASDAQ correction on its way out. Yeah, I mean, the only thing that's left is crypto. So we've done all of these on the way out. Now we have to talk about crypto. Now it's all about crypto because I think all the hurdles are starting to move out the way when it comes to TradFi.

23:23 Elections equals oil price equals yields equals midterms. Midterms equals outcome in AI bubble. Maybe a kick in the AI bubble. Just like a little in the AI bubble. So it's looking good, Brev. It's looking good, Brev. As it relates to crypto, it's also looking good, Brev. I mean, not when you look at the bubbles are mixed. I'm good to see cards up a little bit since I said yesterday it was going to go up again.

23:51 What else is going up? Zero is going up, Lair Zero is going up, Pearl, I said it's going to come back to 134. I think it hit 135.40 over here. Still not buying it, waiting for 90 cents. I wrote on my whiteboard over there, I said, this correction is over when, Hardest, read out those tickers on the whiteboard over there. CRV, when CRV equals? $0.2. When total equals $0.9 and when NEAR equals $2.90, that is when this correction is over.

24:21 Okay, so where are we? We're not there yet. We are at 26, which is fear. We're moving into extreme fear. I'm looking for extreme fear because I know that in a bull market you want a couple of days in extreme fear before you can rule that the bull market comes back, right? You can see that in general, it's not a lot of days in extreme fear and we're heading towards extreme fear.

24:44 I think there's going to be one more leg down. That one more leg down is coming. I think that one more leg down, I think, takes you to about 72 and then we're Bob's uncle. We continue to go back up, right? Yes. Also, I mean, if you look at Bitcoin, it's had one, two, three, four, five red weeks in a row. We don't usually get five red weeks in a row.

25:04 When we do, usually that's when the bottom comes in. So I think we're nearing the end of this correction. We're not there yet. Everybody calm down. We're not at the end of the correction yet, but we are nearing the correction. This is a good indicator. Seven major Bitcoin lows, every one of them printed with this oscillator being on the floor. The oscillator is the share of 324 tokens whose short-term holders are selling above cost.

25:29 When it collapses, the short-term holders basically capitulate. They realize their losses, and that's been basically the flush out. That's the capitulation candle. Let's call this the capitulation oscillator. Researchers, should we leave this artifact? You put this artifact below also. You can see that this purple line is oscillating. It's going down to the bottom.

25:53 So we're nearly, nearly at the bottom. At the same time, on the good side, the PMI over-delivered yesterday. Okay. Sorry. The other good sign is that Bitcoin is about to go into the golden cross again. And usually the golden crosses are bullish. And the PMI came in above expectation yesterday at 55.5, which means the economy is expanding. And we know that Bitcoin loves, loves an expanding technology, just like the radiologist loves my clavicle.

26:21 She's never seen a clavicle like this. Have you ever seen a clavicle like this? It's a good clavicle and it's a very good shoulder. Look at how rounded it is. It's a very good shoulder. Very, very good shoulder. It's the best shoulder that she's ever seen. The lady at the clavicle place said this shoulder is the best shoulder she's ever seen. Really an amazing shoulder.

26:48 Anyway, I do see people starting to capitulate on crypto, right? This guy Greeny says, should I follow Greeny? No. This is one of the worst periods I've ever experienced. Hold on. Let me get a tissue. On-chain activity feels dead, nobody wants to touch NFTs. NFTs, bro. Nobody, of course nobody wants to touch NFTs. Nobody wants to touch meme coins. Meme coins are slaughtering everyone who trades them.

27:19 What's particularly concerning is that unlike previous cycle, we're dealing with a macro environment where rates remain restrictive. There isn't a new shiny narrative emerging to rescue everyone either. For years, crypto participants have been conditioned to believe that if you just survive long enough, everything will eventually go up. But what if the next recovery looks completely different?

27:40 Bro, focus. Listen to me. Listen to me. I want to show you something. Let me show you something. This is how many people have just adopted tokenized stocks. You're looking for the next narrative. The problem is that you're stuck in NFT land, which haven't been here since 1980. And meme coins are extractive and absolutely a waste of time, which is what I've been telling you.

28:05 And if you keep trading in those circles, then you are going to miss the new shiny emerging narrative. Because for the first time in crypto, we actually have a new shiny, actually good narrative, which is tokenized stocks. The entire financial system is getting tokenized. And you're playing in NFT land. Okay, guys, don't be that Greeny. Also, this guy, Matthew Donegan Ryan.

28:31 I don't follow these guys. Okay. I sold all my remaining Bitcoin. I bought it all in 2008. Over the past few years, I've sold small amounts. Last week, I sold the last of it. I had a modest investment in Doge and Ethereum, but over the years, long been out of those. The reason all my friends who were enthusiastic about crypto refocused on AI and other tech.

28:49 I don't personally know anyone building exciting projects in crypto. Okay, bro, let me help you. This is a company called Backpack. They are tokenizing, hold on, this is a company called Backpack and they are tokenizing stocks and they're doing extremely, extremely well. This is a company called Collector Cards. There's a guy here who bought a $600,000 fake Pokemon card.

29:15 If you had just used Collector Crypt, that wouldn't have happened. Zcash is making private money, which is like unbelievable. Hyperliquid is making $5 million a day trading perpetuals even when the stock markets are closed. And you don't know anyone building any exciting projects in crypto? I'm going to London to Solana Breakpoint. If you want to join me and we can go and look at the projects, building exciting things, there's a link to get tickets below.

29:44 I don't know if there is, but join me, because I'm going to be at Solana Breakpoint, and there is a link, tickets below. This guy, Dave Lee. So, I slept in it, woke up with the realization that Bitcoin is just not interesting for him. It used to be kind of interesting five years ago. ago. Now it's mainly just boring. The things going on with AI are infinitely more interesting than Bitcoin.

30:09 Dave, I replied to you on my Twitter, but I'm going to reply to you here. Jeez, my intern messed up my whole Twitter. One green candle and people like Dave Lee will find Bitcoin interesting again. I guarantee it. Also, Dave, I just want to ask you a question as it relates to your thesis around your thesis here around the AI. What money is AI going to use?

30:39 When the agents meet and they do a microtransaction, what money are they going to use? Because I'm quite excited about that. I don't know about you, but I'm fully excited about that. Jane, Jane. Dear Crypto, I'm sorry I had to end like this. I first heard about you in 2014, studied you in 2017, and fell in love with you in 2020. You changed my life and I believed in you.

31:01 The first thing I learned about was music NFTs. I fell in love with the idea, blah, blah, blah. We got richer together, then FTX happened, then things were never quite the same. We lost our spark for years. She broke up with crypto. She moved on. Okay. Don't be like Jane because Jane is all about the money. Jane is a gold digger. And when the gold comes back to crypto, Jane will be there.

31:26 Jane, we know your type. The ones that wear wedding dresses on their profile pictures to make themselves seem untouchable. Jane, we know you. We see you. I know that when there's going to be one green candle, I promise you none of this was planned for the show today. None of this was planned for today's show. We're going to trade altcoins. We're going to get there.

31:47 We're going to trade altcoins. I promise. Anyway, Jane, as I was saying, you'll be back when the money comes back. You know that. I know that. Hold on. I'm supposed to go for a massage on my shoulder and I'm running late. I'm running 10 late. For Rub and Tug. For Massage. Anyway, let's carry on. Okay, I actually do have to speed up. Chamath, we did listen to Chamath.

32:16 Anyway, I see people capitulating. It's exactly what you want. I mean, these crypto exploits don't help us. They don't help us. And there's been a lot of these crypto exploits. I did tell you the other day that you need to install this Pocket Universe. I'll leave a link to the Pocket Universe thing below. So, you need to install this Pocket Universe thing.

32:43 Why? Because it reads websites dynamically and it prevents you from getting drained. So, basically, listen to what you do. You add it to your Chrome like this. Okay? Add the extension. Now the extension sits here on your Chrome. Right? You see? Okay. Okay. Yes, yes. Blah, blah. The extension sits here on your Chrome. Next step. Okay. Bang. Thank you.

33:08 Now, it's installed on my Chrome. Now, every time I make a transaction, I'm surfing on a website, it reads the code of the website and makes sure I'm not about to get drained. So, where do you get this from? There is a thing here for Pocket Universe. Here we go. That's it. It's free. Well, it's free. You don't have to pay for it, but they do take a percentage of fees on certain exchanges or something like that.

33:31 I don't know. You read the terms and conditions. But they do keep you safe. Look, I know we don't really like paying a little bit more fees, but in this day and age with AI, anything to keep your money safe. All right, let's look at it. So we're looking to buy value, right? And we're looking to buy today before tomorrow. As it relates to crypto, I don't really see any of our tokens moving into value.

33:53 Yesterday I said KAS was in the value spot and for me, like at 22 cents, it was. 24 cents, still cheap, not cheap enough to buy. Anything else that is on our crypto buy list? Is there anything else on our crypto buy list? I made a whole lot of trades which I posted in InsertTrade, which is the terminal, the trading rooms. I made a whole lot of trades here and Lucky made a whole lot of trades here.

34:19 He posted Zcash. He posted StarkNet. I posted Meta. I took a small position on Meta. I took a small position on MRVL. I took a small position on Oracle. And that's basically what I'm doing here. I'm taking a position on AI. Why? Because I want to take a position on crypto, but it's not cheap enough. And I'm not buying just for the sake of buying. I'm buying because I want to be cheap.

34:47 I want cheap stuff. So, basically, I think what I'm going to do now is I'm going to take some trades. I'm taking them on TXVIP. You can take them on Variational or TXVIP. As it relates to Variational, so let's just quickly talk about this. Variational, both of them are perpetual DEXes. You earn points for taking trades. You earn points. I mean, I should be earning a lot of points because I'm doing badly on my trades.

35:14 You earn a lot of points for taking the trades. Variational is doing its airdrop on the second week of December. That's what the birdie told me. I mean, second week of December, they're doing the airdrop, which means that you have a month to farm Variational if you want to farm Variational. If not, you can start farming points on TX, perpetual DEXes.

35:32 I've put in $50,000. Here's what I'm going to do going into the elections. I'm taking a view. What is my view? My view is AI. I'm just taking a view on AI, and I'm saying, right now, the market is pricing in a Democrat clean sweep. I'm going to take the other side. I'm going to be responsible, right? I'm not taking crazy, stupid positions. I'm going to do the following.

35:54 I'm taking Google. Under 284, I'm in. Let's just see where it's at. 278, I'm in. Okay, so I'm going to buy amount. Okay, sorry, they want me to add this up. I don't even read it. Okay, so what am I buying? I'm buying $10,000. I'm buying it on cross 10, I'm buying $10,000 worth of Google. Okay, and I'm buying it, I'll buy it here at 278. Thank you very much.

36:28 Thanks for playing. Okay, I am buying Marvel. I'm buying $10,000 worth of Marvel. I'm buying IREN. These are all AI related players, right? Taking $10,000 worth of IREN. See, I haven't gone mad here in terms of the leverage and whatever else. Okay, bang. I'm buying. Okay, now again, you see, I've levered myself up on AI. Like, I'm going in on AI. That's basically what I'm doing.

37:10 I'm going in on AI and I'm saying, I believe in AI long term. I believe in AI long term. And I believe that there may be an upset in the elections today. That's what I'm going into this election with. Is it worth taking another one? Yeah, let me take one more. Let me do SanDisk. See, you can trade all of these on perp DEXes. See, I'm going quite long AI.

37:37 Let's just call a spade. I might be wrong and then I'll get rekt tomorrow, but then I'm happy to hold these things, right? And then the last one I'm going to take Meta, Facebook. Look, Meta, I'm going to take $5,000 worth of Meta. That's how I'm going into the elections. In all probability, I'm expecting this to be down and then these are going to become longer term holds.

37:58 If not, then I'm going to make money. And at the same time, I'm farming points. If you use the thing Omni Run here, that's NBIS, I want NBIS as well. NBIS. Okay, we're going in levered for the elections. And then either we're going to make money or we're going to lose money. But if you don't speculate, you don't accumulate. I've taken a view. My view is that the markets have priced in the worst case scenario.

38:26 And that, like, you know, I may get a down day tomorrow, but over a week I'll recover myself here. That's what I'm doing here. Bang. Done it. Okay, that's what I'm going into. That's why I'm going into the elections at the moment. I'm going in with about $50,000 open positions. Again, I'm going bullish AI. Let's see what happens. As it relates to crypto, I don't really have anything that I have much conviction.

38:52 I think NEAR, not cheap enough, but it is getting cheap, but not cheap enough. Let's have a look here. What else? By the way, if you're a day trader, go to InsertTrade. You have to log in with your Discord. Go to this guy's room. So, this is, again, you've got to be a day trader, right? So, you go to rooms and go to Martin's room. So, here, hunting with Martin.

39:16 Martin's a day trader. I've hired him as a day trader. This guy just day trades all day long. You see, he's got, he streams and he does trades. You can see all his trades over here. So, if you, and he literally, his job is just to day trade with you guys all day long. So, his name is Martin the Day Trader. So, just quickly, how you go here. Very long show today.

39:37 Just, I'm going to log out. Okay, so you go in here, insert.trade, you click on a sign up, you continue with your Discord or you can create an account, I'm just going to sign in with my Discord account. Then what you can see, okay, so I'm going to sign in with my Discord, blah, blah, okay, now I'm signed in. Now it's going to offer me a whole lot of rooms.

39:57 These are people that are actually live and trading, right? Now you can connect your exchange if you want, you don't have to, but you can connect an exchange. This is my room, Front Runners, this is where I'm going to be trading the elections. This is me and Lucky O'Ne, Martin is here, he's scalping all day long. We're setting up an environment for you just to day trade all day long.

40:17 So he's live now, Martin's live. Let's see what he's doing. Let's phone him. We're just going to phone him. Shame, he's new to streaming and now we're going to phone him in the middle of his stream. We're going to throw him off completely. Okay, let's see. Looking at the retracement back to the anchored VWAP here, I want to see the value area low actually being taken.

40:46 Yo, bro. We have a bit of a... Yo, bro. Hey, Ran, how's it going? Hello, hello, bro. Are you telling me we're live here with 1,522 people? We're watching what you're trading, so you better trade well. You've got to trade well. We're live here with 1,500 people. I can't hear you. Why are you calling me? Aren't you in a show? I'm on a show, bro. We're live.

41:19 We're watching your stream, bro. Oh, nice. No stress. Just dumping me in here. Okay, so go to insert.trade and join his trading room. You can connect any exchange that you want over here. Thanks, Ran. I appreciate that. Okay, so you can connect any exchange that you want over here and then you can trade with us in the room. You can see who's taken the trades.

41:47 You can see the charts. You can watch the streams. I think Sheldon's also got a room here. So I think Sheldon's also live. Is Sheldon live? Sniper room. I don't think Sheldon's live, but this is Sheldon's room. You can see all the trades. Remember also InsertTrade. So if you want to, you see, they're also live. You can join that room. You can join any room you want.

42:05 You can join all the rooms together. You can trade with us. We're going to build this like monster place with a whole lot of different trading rooms for you guys to trade. But go and check it out. Sheldon's got 58 people trading with him, as you can see. Let's see if any of you Degens have actually gone to trade with Martin. Martin, Martin. What happened to Martin's room?

42:25 I didn't scare him. Oh, that's feet. Sorry. Let's go to room. Sorry. Here we go. Trade hunting with Martin. Go and join Martin's room. Martin's going to trade every day, all day with you guys. Very good chart. I've got Solana that was... Yeah, he's a trader. Anyway. Solana's looking good. It's making its way back up towards... Okay, so look, we've taken our positions.

42:53 We don't speculate, don't accumulate. Remember, I've done that on TXFlow. Use the code. Yeah, just sign up with TXFlow here. So I meant to miss the lap. It's good. Okay, okay, Martin, Martin. This is my show, bro. It's Mina. NEAR as well. We've got the call now. Okay. So we have, we're ready with our positions for the elections. Anything else I should buy before the elections?

43:19 I'll buy something that you tell me to buy in the chat if I think it's good. So come on, tell me in the chat what I should buy. Okay, come on, let's see what's happening here. Derive, no, it's not cheap enough, bro. We're waiting for 20 to 25 on Derive. No, no, bros, you're also Marscoin. Do me a favor. Coreweave. Sure, should I put 5 grand into Coreweave here?

43:53 Okay. Alright, Coreweave it is. I have Coreweave in my portfolio, so it would only be fair. $53.42, let's take $5,000 or that. Alright, wish me luck, fellas, wish me luck. I've done this all on TXFlow. You see how easy it is to trade. You know the best thing is, I'm going to be able to exit my position, even though the markets are closed, if I want to.

44:16 And I will do it live. here with you guys. Anyway, that's it, I've maxed out my money completely. How much have I got open here, in total? What's my exposure? What? Okay, margin. So, okay, I should have enough. Yeah, I'm good. All right, chaps, don't worry about the elections. Don't worry about the AI trade. The correction's almost over. Not over yet, but almost over.

44:52 Don't worry about the midterms. Don't worry about the oil price. Let's wait and see what the next 24 hours brings. I'll see you in the next 24 hours. I might even just pop onto the stream and start streaming tomorrow if the elections are making the markets go crazy. I'll see you guys again tomorrow. Until then, trade well, my friends.