← CRYPTO 101
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- [00:00]
TiVo
Foreign, everybody. Welcome back to a special edition of the rundown. It is a Meme Coin Mania edition, along with some traditional finance, along with some bitcoin, some ethereum, literally. We are going to cover it all in this episode, basically on my end. It's been a crazy week and you know that it's been a crazy week in Crypto because it is Thursday and I have not even had a chance to shave yet, Brian. I look like Scruff McGrath raw. Just in the trenches looking for Meme coins, looking for friends, looking for trips to possibly Ibiza. A little hint there for what we're going to talk about in the later in the show. It's just me and you today, but that is a good thing in the sense that we literally will probably be here for another hour. We have so much to talk about. I wish we had Joe. He's off, you know, in the trenches, doing his research, doing his thing. So it is just me and you. I'm glad to have you. And we have a literally a full top to bottom rundown today. Just overall, how are you feeling in the markets and welcome to the show. Welcome back.
- [01:03]
Brian
Hey, man, happy to be back. Big beard guy, by the way. So, you know, you look better than ever. TiVo and the markets are looking great too, man. I mean, the coins are coming back a little bit. A lot of buzz out there. I know we're going to dive deep, but I'm, I'm fired up. Everything's looking good out there.
- [01:20]
TiVo
Yeah, the price action has been, I don't know, muted maybe on the larger cap side, obviously Bitcoin's in a little bit of maybe what you'd call an upwards consolidation phase. But Ethereum's been volatile, the Altcoin market has been volatile and the Meme coin market has been super fun. So I guess we'll just kind of start out. I know the first thing that you put on our sheet here is that, hey, coins are coming back. Coins are here. There's a ton of movement. I think the coolest thing was before I hand it off to you, Brian, and we talked about this in the rundown I did earlier this week was we actually brought up the Fear Greed index about two weeks ago. And we're just kind of saying, you know, is that, that, that greed level. Not very greedy. Extreme greed. It was, it was greedy, but kind of tilting to that. Very greedy. And then you kind of had a flush out. And as you can see here, it's still on coin market cap, it's neutral. And that flush out was maybe it was natural price action. Obviously there was that jobs numbers that we discussed on the program last week. So, you know, you never know when that black swan's going to hit. But you did kind of get a flush of sentiment last week for sure. And then now as we're going to kind of go through the show, there's a lot of other macro things that are super bullish and just in general the price actions coming back. So what are you seeing?
- [02:25]
Brian
Yeah, I mean, I feel like the market's feeling pretty good, to be honest with you. Nothing goes up in a straight line. We say that all the time. I think this is a much needed, just small correction. Bitcoin, Erie, a lot of the coins out there that we love are still performing quite well. I think there was a stat like bitcoin was like last week when we were or earlier this week. Bitcoin was down like 0.5% on the week, minuscule at the end of the day. So we're so used to and conditioned to up only in some bull runs it's okay to pull back a little bit off of 120 to 114, 115, 116 things look stronger than ever. TFs look good. Ethereum looks good. People are chattering on the timeline. We're gonna talk about some more macro things that look good. But I reason kind of why I think we had a small pullback is again, we always can get a little bit of a pullback. You mentioned the jobs number. We had some tariff news that comes out. Good old Trump's been calling for Powell's head pretty much every other day. And the market doesn't really love uncertainty. And that brings a little bit of uncertainty. But from a fundamental standpoint, honestly, I never felt better. I feel like we're getting into the heart of this bull run. It's August too. Markets don't move violently upwards in August typically. So I'm feeling really good about where we're at.
- [03:45]
TiVo
Yeah, all the talk that first week was oh well, August traditionally down the trad five. Everybody's taking vacation. Crypto markets historically down as well. And it's just kind of like, well, you know, that can happen or you could kind of be on the other side of the boat. Like you don't always want to be on the same side of the boat as everybody else. And then so that's the narrative coming in. And then the first week you get this, you know, bad data and the market flushes out. But that actually you basically said it Right. We're in a bull market. And so there was this clip I saw this morning. I was having my coffee, and Mike Novogratz from Galaxy was kind of commenting on a topic we'll get to about the 401ks. But he was just. He just basically. Basically lays it out for you right here.
- [04:26]
Mike Novogratz
You know, bull market. Enjoy while it lasts. Never does. You know, we're in a bull market. Trump last night came out and talked about crypto assets being eligible for 401ks. I mean, that's a monster pool of capital. And what we're just seeing is through these treasury companies through. Through all kinds of different avenues, the aperture of being able to buy crypto being widened and widened and wide, more avenues, bringing people into the tent. I think one of the things that I actually didn't even comprehend is these treasury companies have done so well. The public equity markets are so much bigger than what the crypto markets were. And so as we're really broadening our reach through public equities into our asset class, you're just seeing tons of money.
- [05:12]
TiVo
Pour in, basically, the bull markets here. And I thought that was a great start to kind of the episode. We'll get to the fun case stuff in a second, but the bull market's here. And we kind of talked about this at the beginning of the show where, like, you know, is there. Is there some. Are people bored? Is there not super, like, euphoria? There's obviously some coins that are moving. Bitcoins, not. And kind of the way. The way I look at it was. My bitcoin take right now is that I kind of, like, was on some family vacations and I was talking to some people, and, you know, they all know, you know, what I do in the show and crypto and all that. So they're. They're, they're interested, they're knowledgeable about it. The nobody, like, you know, two years ago, three, four, five years ago, like, oh, can you explain bitcoin to me? What is bitcoin? Can you tell me what it is now? Now it's different. It's a different question. Now it's, you know, hey, like, wow, how much can that really go up? Like, what's the. I got this one. What's the next bitcoin? Can I, Can I. Can I get in on the next Bitcoin TiVo? If you hear about the next bitcoin, let me know. And I kind of feel like we're in this zone, and I, I'd love for your opinion of this 125. The 100k is such a psychological level. And if you're not been following this story for 3, 4, 5, 10 years of this digital gold and how this, a lot of the talking points of tradfi now is okay, if it's not a stock, it's digital gold, then what percentage of the market cap of gold can we take? And then there's all that talk of getting to parody or even 50% of parody.
- [06:34]
Tom Lee
Right?
- [06:35]
TiVo
Rockets this thing to at least, you know, half a million dollars. And so I feel like that's the next missing piece of the puzzle that the average person doesn't know. First it was what is bitcoin? I don't understand, I don't even know what it is now. It's, they don't really understand the actual asset inside of the, the financial system that it has its position in. And they're gonna that. So you have to digest this hundred K. But then I truly, truly believe, Brian, again, this is never personal financial advice for anybody that's watching. I've never truly believed as much as I do right now of that 100 to 500k move because everybody else is still going to be out on the sidelines. Your average person that isn't in now isn't going to dive in at 125k and then there's going to be that FOMO at 2, 25, 300, 400 again. And because, because they just think they've already missed it. So what's your thought on that?
- [07:26]
Brian
Yeah, you nailed it. I get the question as well. I get a lot of people asking me about the next bitcoin. Usually my response is we're going so much higher, they have no idea. I really, truly believe that. And I could spend an hour on a show talking about why that is now, in what timeframe that is, that's a different story. And the retail investor is obviously going to move the needle quite a bit. But there's another world here of this institutional money. Companies, countries, states. Buying bitcoin, looking at it as a really pure asset. We got stocks, cash, bonds, precious metals as asset classes. Add digital assets, add bitcoin in there. And I try to, I try to really break that down for people because everyone gets so caught up. Like, I don't have 100,000, I don't have $120,000 to buy Bitcoin. Well, owning one bitcoin is going to be unobtainable. It pretty much is for the average person. But still buying into it, we are going so much higher in My opinion, I love where we're headed and I just believe it's going to be driven a lot with this institutional money, with countries with states, billionaires, millionaires, absolutely. Trying to acquire this very valuable, scarce asset.
- [08:39]
TiVo
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- [09:53]
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- [10:26]
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- [10:55]
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- [11:25]
TiVo
No, we're right on the same page. I love how when I agree with somebody, I always start with no, then a negative when I truly just when I just agree with you. And I think that's a great transition. But first we want to say hi to the chat. We've got Ken. Ken, how you doing? We're doing great. As you could just tell. We're pretty, we're pretty bold up this week again. I didn't even have time to shave. Kim. Kim says she loves crypto 101. Kim, we love you and CJE. What's going on? Thank you guys for joining us. If you're new here, please give us a second to watch. Take it all in. Subscribe, turn on the notifications. Guys, we're doing lives two or three times a week and if you're interested in love, Brian, or if you've been around for Brendan and Bryce and all of our great interviews, check the links below. We have an awesome flourishing community. If you guys want to get more involved and get, you know, to ask questions specifically to Brian all the time and Brendan and Bryce, check out those links and if not, no worries, subscribe. And we're going to be here all the time, every single week to do crypto stuff with you guys. But I think that's a great transition of what you said is like all these treasury companies and nation states and all that. And Mike Novogratz said this, right? He's like that. She didn't realize how successful these treasury companies were going to be and how, I don't know if welcoming is the right word because I think everybody definitely gave Sailor a weird eye for, you know, the last five, four or five years. But in the sense that now, you know, a lot of people are doing it. And again, Sailor's model works is the bitcoin price goes up. But there's many other companies adopting bitcoin treasury strategy. There's other companies adopting the Altcoin Treasury Strat, Strat and then, oh, we don't want to share that. We want to share this. That's the rundown. So that's inside baseball there, Brian. That's what that looks like. But a little bit of Cosmo health. You saw 300 million for another ETH treasury company. So what are you seeing?
- [13:08]
Brian
Yeah, I mean the point is, is that I don't know when this treasury company meta is going to run out. But the point is, is that we're seeing a lot of major companies out there investing not a million dollars, hundreds of millions of dollars, billions of dollars into Bitcoin and Ethereum. And it gets me bold up. There's a lot of reason to think that this is going to be a little bit different cycle than other cycles. I've been saying it for a while, I'm subscribing that I don't think this is going to be a standard four year cycle. I do believe with all this institutional money with these companies, countries, people flowing into these coins that some of the major cryptos out there are going to last longer, smaller corrections and we're just going to continue to grind up now. There's a different world out there with NFTs and altcoins and meme coins and there's going to be some tighter cycles there. But we have NASDAQ listed companies putting millions of dollars into these assets. Something that we dreamed about in the last cycle and it's all coming to fruition finally.
- [14:10]
TiVo
Yeah. And then I know obviously we've covered sbet. We did, we covered our famous liquor company out of Miami and then the big one for Ethereum is Bit Mine. And I feel like we all love Tom Lee. I just, I feel bad at this point in the sense for the listeners. If anybody's upset and I'm mentioning Tom Lee or we as a program are mentioning Tom Lee too much, feel free to drop that in the comments too. We want to make sure that you guys get the most out of these shows and hand up, I think we've mentioned Tom Lee probably eight of the last nine episodes or nine out of ten. But the problem is, is he's the problem with not doing that is he's such a, a valued voice in tradfi and if you go back and you listen to him pound the table for Bitcoin at 3 to $5,000 and literally get made fun of on live television. And then you know, obviously his conviction was right now being the leading voice and on the board of Bit Mine for this Ethereum treasure strategy. He's really, and I, I've never seen, I guess it's since Sailor Sailor did it where he was pounding the streets, right, Doing all the TV hits. He could do all the podcasts. And so Tom announced this about a month ago and he has absolutely been doing the same playbook as Saylor, pounding the streets. I see him on tv, every TV or podcast, like big podcast that's doing big numbers on X every single day, kind of explaining the Ethereum treasury strategy and then also doing it. And like, while he's doing this bit, mine is buying at a. At a breakneck speed. So they compared. I forget the exact number, Brian, but it was, you know, compared to Saylor, they're going like 80% faster and buying. They're just consistently just laying down the hammer to buy. And I know that Stanley Drunkenmiller, who's a big famous investor, took a large stake. That will be the exact number wasn't revealed. He'll do his prospectus and we'll get to learn that. And then Bill Miller, the Bill Miller the fourth, I believe it is. And then that obviously the Bill Miller investing family is a huge one. They did another stake. So there's big names getting involved in backing Tom Lee and I didn't want to. I could do it. I literally, I could have pulled probably like 10 different Tom Lee videos. We're only going to do one. We'll do one. And it's basically a price target. I know crypto 101 people love to hear the exact price targets. And Tom kind of gives you a little behind the onion of what his firm Fund Strat is thinking about for Ethereum.
- [16:37]
Tom Lee
Did some research from Sean Farrell, who's our head of Digital asset strategy, and he put out a presentation about Ethereum today. So he thinks the ratio of Ethereum to Bitcoin could go back to its 2021 highs, which is about 0.14. That would value Ethereum today at around 16,000 and it's currently 3,700. So he's just saying Bitcoin ratio versus ETH. Let's get back to where it was five years ago, which makes sense because it's a better story today than it was in 2021. And that gets you, you know, close to 16,000.
- [17:11]
Brian
So. So one last question on all of this. Taking a step back. You're a retail investor. You're looking at your portfolio. What do you want your holdings to look like potentially? And I realize it's individualized for everybody, but what do I holding to look like? Crypto versus stocks versus other things?
- [17:26]
Tom Lee
Well, in 2017, when we first read about Bitcoin. We recommended 1 to 2% into crypto. That has been 100x for our clients. Today we're saying if you're starting 5 to 10% is appropriate for the median investor. If someone's younger and they can let time work in their favor, then 20% or more makes sense. That's consistent with the Blackrock mathematical calculations. And again, I think there's still a lot of upside. Just keep in mind Wall street is running into the blockchain right now.
- [17:56]
TiVo
Wall Street's running, not walking, Brian, running into the blockchain. What do you think?
- [18:00]
Brian
I mean, the most, I mean it's great to hear. 16,000 per Ethereum. I believe that's easily possible. We haven't even passed the Ethereum all time high. People outside of our space don't even realize that at the end of the day. And I think the most impactful thing he said in that entire statement, I mean 16,000 sounds great, is that he's saying he's recommending for the median buyer to 5 to 10% of their portfolio or if they're younger, 20%. Those are outrageous numbers when you really get down to it. I'm allocated a little bit higher than that, so. And I don't think Tom Lee would try to talk me off of it, but I think that's a good way to approach it and it's really great to see him just, you know, speaking the gospel. I mean, Tom Lee's the ultimate chad right now. Michael Saylor had it for Bitcoin. Tom Lee is definitely carrying the Ethereum flag and I love it.
- [18:53]
TiVo
Yeah, I couldn't agree more. And you brought us a beautiful chart here about what was it? Ethereum transactions. I'm going to pull that up. So what are you seeing for ETH before we move on here?
- [19:05]
Brian
Yeah, I mean I just think the Ethereum transactions are pretty much at an all time high right now. That was a little surprising to me. I love to see that, you know, there's just a lot of activity on that blockchain and it was, it wasn't even a year ago, it was months ago where a lot of people were calling that Ethereum was dead. And we always go through that. We always talk about like eth is dead, but with the connection of Stablecoins and now these treasury assets and the ETFs, it is far from dead. There's a lot of transactions, there's a lot of activity on this chain and it feels undervalued. I mean, not financial advice, but I'm Going to probably buy more ETH right when we get off this rundown.
- [19:50]
TiVo
Yeah, I've been again, not financial advice, definitely always been big into eth. I've always covered my story of how. I don't know if you remember Brian, but I threw that in the group chat back when eth was absolutely taking the tumble and under 2k I was like, hey, do we still believe in this? I needed some, you know, conviction from my team to, to make sure that I stayed in and doubled down. But yeah, I've been around. I've always been a big ETH guy and I actually, you know, funny story. And this is what crypto101 is all about because you're going to learn and you're going to grow at your own pace. So back when I was right out of college and I didn't have much money and I learned about bitcoin from some friends at IBM and I went down the rabbit hole and I, you know, got on one of the exchanges and started buying Ethereum, bought xrp, did the whole nine and I started buying more Ethereum because it was cheaper. It was, it was that, that classic like lower cost basis to get in and then, you know, it worked out in its own way. But then you kind of learn and, and grow and evolve. But I wonder, I mean obviously Ethereum is not super cheap either. But like you said, the average person that might not understand that, you know, you can buy, you know, satoshis instead of a whole bitcoin definitely stares at that bitcoin price and probably thinks that they're priced out of the market. But overall super bullish. I think how I'm going to transfer this little transition. Brian, we talked about Ethereum a lot. Let's jump, let's jump to bitcoin, Bitcoin specifically and then we'll, we'll jump into our big, big topic of the 4 NEWS. So I saw this, this has been going around guys. There's a lot of people whispering this. It's been, it's been whispered even back when the initial executive orders for the, for the bitcoin reserve we're going on of like, okay, how are we actually going to buy more bitcoin? So Brian, are you seeing the same whispers that I am? Obviously we have this on, on the timeline that we see. But how, give us, give us your take and how likely do you see this happening and how, how do you think it could evolve?
- [21:36]
Brian
Yeah, we, we've been hearing a lot of, you know, where there's smoke, there's fire. Sort of thing. We. This isn't just some random person out there. She has a prominent role in the administration right now. She obviously knows her stuff about bitcoin and digital assets. And she's literally telling people to sell gold and buy bitcoin, digital gold. And for good reason. Again, we could spend a whole hour about why bitcoin's superior to gold. I'm not going to knock gold as an investment. There's a lot of reasons why it can be a good vehicle, a good hedge against the dollar. I get all that, the scarcity of it. But bitcoin is so superior in so many ways, and Cynthia knows that, and she. She's preaching as well. And I do believe that eventually it's gonna. There's gonna be a lot of, like, I don't know, like, with the genius act and the clarity act and all the 401k news, and things are happening faster than I ever expected with this administration. I mean, we're. We're like in the first year of this administration, a lot of these things I would. I was gonna think was gonna take years to develop. And they're just signing executive orders left and right. They're embracing this. So do I believe that we. We're gonna probably tap into the gold reserves and sell it and buy bitcoin? I don't think we. I wouldn't be surprised if I woke up and I found out that was the case. So it's awesome. She's preaching it. I. I hope it happens.
- [22:58]
TiVo
Yeah. And I think, again, I. I'm not. I'm not in the gold department of our. Our government or White House, but I believe the thought process was It. Correct me if I sound crazy, Brian, but it was like our gold is. Hasn't been marked to book in so long that there delta. That if we just marked all the gold that we had to book, it would be so many more, you know, billions of dollars that we could just, you know, we just take a little off the top, wet the beak and buy some bitcoin. If it. If we mark the books correctly, how.
- [23:25]
Brian
Much of that gold is even real gold? We don't even know that. We're not even. We have to do a full core audit. You got to drill a hole, make sure that China didn't cover an iron bar with gold and ship it to us. Nobody really wants to do that. Gold so clunky. You. If you have a substantial amount of gold as a country, you have to have armed guards 24 7. You have to vault it. Don't Even try to spend it. It's a pain in the ass to ship it and transport it and, and use it as any sort of transaction. Bitcoin, so superior. I could go on a rant. Now I'm not saying that gold's going to go down because it's a great hedge against the dollar and people do believe in it and that means a lot. But I do think as, as the younger generation who's very comfortable with digital assets, very comfortable with things digital and we're moving into this crypto world where it's being validated more and more. I do believe we're going to start peeling off some of the gold reserves and start buying bitcoin. I think the United States should look into becoming a major mining leader of bitcoin as well. There's a lot of avenues here where they can acquire more bitcoin and create a bitcoin strategic reserve. And the minute that happens, like literally TiVo when we sign that bitcoin strategic reserve, every freaking country, everybody's going to try to front run them. Yup, mama is going to try to buy bitcoin finally and get her exposure because it's, it validates it even more and that price is going to shoot up freaking fast.
- [24:56]
TiVo
Yeah, yeah. Even though it's such a large market cap and up there with the Amazons and you know, Nvidia's and Apples and Microsoft's of the world. Yeah. If that happens, it is a, it's an arms race. Truly it's an arms race. And you know, like it or not, the US is the leader in the arms race and we have been for many, many decades. Back to back, World war champs. If you have any questions there. But like you said, the nation states will pile in. So like here, again, these are small nations but again it's going to be a domino effect. So Indonesia, Indonesia studying bitcoin reserve over here. Share this tab. Brazil, Brazil looking to, you know, hold a hearing on creating a strategic national bitcoin reserve. So it's basically exactly what you said is that once basically the US or any, honestly any major big country or bricks or I mean, you know, it feels like at this point maybe China would be doing it behind our backs or Russia. But like as soon if anything comes out of those major nation states, it creates, it creates an arm race. And I think one of the most interesting arguments for. I kind of liked your point of like, hey, we should be a national, you know, strategic thing of mining. There's always an interesting case about microstrategy. Like, there's tons of people that are short it, there's tons of people that hate it, but at the same time they own so much Bitcoin that could you, could it have like a sovereign put where whether you're the United States or maybe you're Dubai or something like, would you rather go and try to figure out and how to buy and hold your own bitcoin or are you just going to buy MicroStrategy as, like a, as a holding or Coinbase or a Robinhood like these companies? I guess Robinhood might not be the best example because they don't hold any on their balance sheet. Coinbase might be starting, but MicroStrategy, the number one holder of the treasury, is like, does that give it almost like a sovereign put because it holds so much bitcoin, or is it, you know, the other end? That's a great bull bear debate. But what's not debatable is that you nailed it. The we're moving at breakneck speed. And I don't think, I totally agree with you that this administration has done more for digital assets positively in what, six, seven months than the last. I mean, you could make an argument decade. Right? And it hasn't stopped. And the breaking news of the week, the top thing to really just discuss and really soak in. I think we need to pause here for a moment because we really just need to soak this in. And before we jump in, hello to Deborah, hello to Fitz, we got sis and bro and Ken. It's popping off. Brian on our Thursday afternoon live. We appreciate everybody coming. If you're new here, Brian is our crypto Navy seal. The momentum moneymakers, Brendan and Joe and Bryce are away today, but if you're new here and you're enjoying the episode, please give us a like subscribe, turn on the notifications if you can, because we're doing this all the time and we appreciate you joining us and, and you know, we hope you're learning something. And the facts are that this administration's moving at a breakneck speed for crypto and the most latest thing is putting KS and retirement plans on the table for not only bitcoin, Brian, but for cryptocurrencies as a whole. The news of the week. What are you hearing? What are you feeling about it? Let's. I think this is a digestion moment. It sounds like it's just a quick tweet there, but this really has a lot more implications than, than just, you know, a sentence.
- [28:22]
Brian
Yeah, this is, in my personal opinion, this is going under noticed to just the mainstream. I mean, we're hearing a lot about it and you and I are so involved with this on a daily basis. We know how massive this is. This is 8 trillion with a T dollars. Now they can invest in bitcoin or digital assets. It's not even just digital assets. There's some other assets that he's going to open this up to. But this is enormous. The cryptocurrencies can be in your 401k retirement plans. It's going to open the door for a ton of new capital. And I think this is one of the most bullish things that we've seen actually in months. So really excited to see it happen and I'm sure, I'm shocked it's happening this quickly. I mean, this might have been signed while we're on here. This couldn't have been signed just a couple hours ago, but it sounds like this is going down today.
- [29:11]
TiVo
Yeah. And then here I'm pulling up a tweet from our friends over at Bitwise. We had Matt Hogan on the podcast a couple of weeks ago. That episode always crushes when that kind of episode, when Matt comes on and that's on our YouTube channel and also the podcast. So if you haven't listened to Matt, he gives you kind of a full layout for top predictions for the rest of the year. But this is his colleague Ryan and kind of gives you that $8 trillion, you know, if crypto captures X, you know, 1%, 80 million, 2%, 1 60. Sorry, 80 billion. 160 billion for 2%. 5%, 400 billion, 10%, 800 billion. What? You know, obviously I don't think out of the gate it would be 10%, but kind of going back to what you said, you know, the, the visionaries of, of the world that, you know, said, hey, just do 1%. You know, eight years ago, just do 1%. And now they're saying 5%. And there's some people that have come out for big firms, I can't remember the name off their head. It was something that we shared in the group chat, you know, a month or so ago. But it was like he was at, he was recommending a 40% allocation to Bitcoin and crypto. So, you know, here, here's just the numbers that again, the, the mind blowing, absolute liquidity that is behind the 401k market. And then also the fact that, you know, if you're not familiar, I don't mean to talk down to people, but your 401ks, they're basically locked up. Right. The baby boomers are getting ready to retire. So there's going to be money coming out of those for sure. But the new generation of people that are working, that are signing up for 401ks, investing their money away, they're really not going to touch it until much later down the road. And if you do, there's a penalty and all that stuff. But for the most part this is, this is kind of like what we use terms, lockups, right? This is kind of like a lockup. Whatever percentage that the crypto market swallows from this 401k market is basically a lockup. So it'll be interesting to see. I always thought that bitcoin would hands down be the first one to break through this door, which kind of like toss it up for debate here. Brian, what do you think? It's not negative for anybody, but I thought if bitcoin was the first one to do it, then bitcoin would obviously reap the 1, 2, 3% rewards all on its own. So now if it's going to be even percent, 4%, 5, it feels like it might be split up. Especially with all these altcoin ETFs and treasury companies and different options out there. What do we think these products could look like?
- [31:34]
Brian
Yeah, I think there'll be a lot. I think maybe initially we're going to see it weighted heavily towards probably bitcoin, but then there's going to be as just like the ETFs, I mean we're starting to see Ethereum ETFs and we're going to probably get a Solana ETF and we can get meme coin ETFs. So I think it's going to be weighted heavily towards bitcoin for good reason. You know, that's the Mac daddy of all the cryptocurrencies out there. But I do believe it's, this is just going to be positive for the entire cryptocurrency sector. There's going to be a trickle down effect. It's, it's massive news. I just need everybody to understand that it is just absolutely massive news that this is opening up to such amount of wealth and the younger generation is going to, myself included, is going to want to push their 401k into digital assets because we believe in it in so much and again, we could go on forever. Why that is, that's probably not the time or place right now, but it is massive. The flow of capital. That green candle is going to be crazy. If that would all come in I mean we're talking trillions of dollars that now have access to Bitcoin. And I can't discount, again, I've been saying a lot that the younger generation feels very comfortable with that.
- [32:48]
TiVo
Yeah, dude. Again, just general disclaimer. It's non personal financial advice for anybody. Just a couple friends talking crypto strictly for educational purposes and we really appreciate you all being here. But just as a little personal story, again, this is why we're here, to open up to you guys. I literally, it was about a year ago and I was gonna, I used to work at IBM. I've told that story before of how I found bitcoin. I was, I was about to liquidate my 401k, Brian. It was on the, the Japan Nakai trade. So it was about, about a year ago. Exactly. The Nakai trade unwound and all this leverage and volatility, you know, came into the market. The VIX spiked and everything sold off. And I was like, I don't understand why these assets that I believe in for the next five to 10 years, why do I care about some over leveraged, you know, financial guru who got over leveraged through a Japanese currency and needs to unwind that that shouldn't affect me in my long term vision of these assets. And so I started hammering and it was kind of based on, it was the Nakai trade dip. I'm like, why is this dipping the Kai trade? And then I'm just like, this is kind of the time, Brian, where we, you know, you could make your bet that possibly Trump was going to win. So you're, you're kind of placing your bets for the Trump administration. And exactly what we're seeing has come to fruition of the positivity towards the digital assets. Gary Gensler getting fired and then this Nak trade. And I started hammering and everybody knows the Robin Hood story kept hammering. And then I was like, I ran out of money. And I was just like, how can I, how can I get the last drips of capital that I have to my name? And I'm looking at my 401k, Brian. I'm just like, I go through like the liquidation process and it was just like, oh, you're gonna have to pay, you know, the taxes and then this fee and then this is going to take X amount of time. And I just did the math and I was like, all right, you know what, I'm so levered up to my neck right now that this is probably the best way to be safe and just have this money. So I Can't touch it in our traditional, you know, ETFs or whatever vehicles they are. So I thought that was a funny story of, of the 401k Bitcoin dilemma that I had. So. So I don't have to liquidate and hopefully we can start allocating to that, to that soon.
- [34:53]
Brian
Fun fact. During COVID I was working sales at the time, so I was eligible for to withdraw my X amount of dollars, the maximum from my 401k without the penalty, had to pay the tax without the penalty, did that and hammered bitcoin with it.
- [35:10]
TiVo
Dude, what a legendary move. But that's kind of what we do here, right? We're very open, we're very honest, and we do a ton of legendary moves. And I think the top one for this year so far, honestly, you and Joe have a couple. To be completely honest, anybody that's in Brian and Joe's community knows that they're getting the weekly updates, they're getting the newsletters, they're getting everything that comes in, the momentum, money makers. And this is probably one of the top winners. Correct me if I'm wrong, it's one of your many winners. But Pengu Pudgy Penguin has been long standing bullish view from the NFTs to the coin. But this thing just keeps getting more and more bullish news. So number one, we thank you for bringing us Pudgy Penguins and the Pengu call. And number two, what. What are you feeling from the Pengu community? Because we haven't really dove too far into it in a couple weeks since we last talked to you.
- [35:59]
Brian
Well, I grabbed this headline because it had a little Robin Hood in it. I know how my guy TiVo likes to talk to Robin Hood at Pengu. A big fan of mine. But yeah, Joe and I have had some winners. I mean, always in the meme coins. You can have some winners, you have some losers, but it's really the winners that pay off, and they pay off big. And Pudgy Penguins is one of them. I'm. I'm super bullish on this. Again, not financial advice. Have to disclaim it. Disclose that because I'm so bullish on it. I'm dcaing into it all the time. And I do see a path where it does flip doge because it's evolved way more than just a meme coin. It was this NFT that turned into a. That turned into a meme coin that now has its own blockchain abstract that's rewarding its community. They have Web2 products in Asia, it's huge. And it's, it's going up and up and up. Of course there's gonna be pullbacks, there's gonna be corrections and great times to get opportunities to buy, in my opinion. But it is one of the. It's doing what a lot of altcoins wish they could do. I look at some altcoins that I'm in and I'm like, man, they've been saying the same thing over and over and again. There's a lot of altcoins I absolutely love. But Pengu is absolutely producing their team stellar and it's. Experts say it's going to flip Doge. I see a path where that could absolutely happen, at least shib who the heck is buying sheep. I mean, that thing's at like multi billion dollars of a market cap. So Pengu feels like it's on a path to do very well and love to see the connection with Robinhood and the listing and it's just gonna give more people the ability to click and buy.
- [37:37]
TiVo
Yeah. And just to clarify, so it's been listed on Robinhood for a while and that's. I bought it like it's kind of as soon as it came online and then it just tanked. I kind of really bought the bottom credit. Credit to me. But they all listed it on Robinhood Legend. So Robin Hood has their, you know, the app, the traditional app, and then they have a desktop version as well. They call it Robin Hood Legends, where you can do charts and ta and all that stuff. And so they listed it on there. So you have full access to their, their, their suite of charting and tools that you can now use for Doge Penguin. And I believe they listed a couple other stuff too. But Pudgy Penguin is definitely probably the, it's the mascot of crypto right now and I'm interested for the chat. So basically, hey, chat, you know, if you've been listening to the show for about a month plus now, probably two months, we've been talking about Pudgy Penguin and it's been absolutely run. Throw some peas in the chat. Drop a p in the chat. If you're riding with Pudgy Penguin with us, I'm interested to see if anybody else is riding. Again, not personal financial advice. I just know we've talked a lot on the show. So I wanted to gauge the community here to see if people are riding with it because then we'll keep talking about it. If not, maybe we've. We've beaten this thing down pretty badly the last Last month. But it's, it's something that is definitely the mascot of Crypto. Right. Everybody changed their profile pictures on X a couple weeks ago. And, you know, just Luca Nets does a great job of getting out there. Same kind of thing I was talking about with Tom Lee. Just absolutely pounding the streets doing interviews, and he's all about that value a sports reference. Luca Nets is the yellow Tux Jesse of Crypto right now.
- [39:14]
Brian
Yeah.
- [39:14]
TiVo
Yes. And if you, if you know what I'm talking about, it is the greatest comparison ever. Yellow Tux Jesse from the Savannah Bananas. I won't go on too long of a rant, but this guy built the Savannah Bananas and he has this term fans first. Everything that that guy does in his mission is, is how he can make the best experience for his fans. It's a fans first experience. And, and all I hear from Luca next is like a Holder community. Community first, Community first. And so it makes it really fun. Like, it's obviously really fun when you're, when you're getting, you know, 5 to 10 x's or more. But it's, it's really fun to make money, but it's really fun to be part of the community. And I, I truly, truly believe we've got a great community here at crypto101. You guys have the Crypto Mavericks, you know, Crypt Nation. We have, we have so many great communities in Crypto and Pudgy Penguin is totally at the top of the list. But another, another great community that Joe and you. But I think Joe was really the, the one who really dove in here with Rectoken. Did you guys both buy it? I know he bought the drinks, but we had rec token. You guys broke it down a couple weeks ago. We talked about the drink and, and a friend of the program and listener on Spotify, K Sana 98, is begging for a Wrecked update. She found the podcast or he found the podcast here. She's. Sorry, I don't know who, who you are, but you said you found the podcast. You're so glad you did. And you need an update on Wrecked. So, Brian, unbelievable call from your team again. What's going on with Wrecked?
- [40:44]
Brian
Yeah, well, great call by Joe and I. Fun fact, I have been in Wrecked, in Wrecked guy for a very long time before my time, really. Even with the calls and everything along those lines. I love OSF and their entire team out there and their vision and their. I don't want to call them a poor man's pudgy penguin, but it kind of feels that way they do the same thing. They reward their holders. If you had a wrecked nft, you were rewarded in the wreck token. They developed a drink, we talked. Joe's brought it on the show quite a few times. If you had the nft, you actually got equity in the drink company. So everybody in this community loves it because they're getting paid in some indirect manner. But it is. I made the call right around 12 million. That's when we. I was in it a little bit beforehand, but right around $12 million market cap. Joe made it around a 15, $20 million market cap. This is only a few months ago. As of today. I'm looking at the chart right now we're at $550 million. A quick double up and we're at a billion dollars. The chart looks ridiculous. This is a. It looks like it's going up in a straight line. Look at that thing. But it's, it's a great product. It's a great meme coin. It's a great community. We have about 20, 25,000 avid holders that, you know, back in the day in June when it was way down low, they weren't selling and they've ridden it to the top. And so it's a viral community that is just riding for a very long time because they see the path, the vision that this team has. The most intriguing thing they're doing is that they're not a meme coin anymore. They have transitioned to what OV calls and that's the founder of this OSF is into a brand coin and that's exactly what they are. They've developed this Web2 product. They are selling their drinks in 7 11. They're rewarding. You buy a freaking case of their wrecked drink and you get hundreds of dollars back. They just. It was last week, it was the wrecked gold. I can't remember the part. Oh, Binance. It was with Binance. I bought a multiple amount of cases. I don't know what my rewards are either way. I like the drink but I more likely be rewarded in rekt tokens. So I want the price to continue to go up. They have a great roadmap. They have a great plan. So shout out to whoever in the chat was asking about rect Token couldn't be more bullish. More bullish than ever on this as well. This is one of my favorite meme coins out there. Granted it is just absolutely smashed over the past couple months, but for good reason. They're doing a lot of things out there just like the Pudgy Penguin Team that provides value to the community and wants people to jump in and buy more and more. And I don't even think they're on tier one exchanges yet. Correct me if I'm wrong, I don't think so. Yeah, I don't think they are because I'd probably be hammering it in my Coinbase account on a weekly buy, so. It's early, man. It's. It's early now. I'm not telling everyone to go and buy the top right now, but.
- [43:47]
TiVo
No, man, the Flywheel. We did an episode where you guys. I guess that was. Might have been the last time you're on, or maybe a couple times ago, we went over the Flywheel and how all these, you know, communities and Pengu and Wrecked are like, just reinvesting into their project and that. That's what really separates. I love how the meme coin space is evolving to have these type of projects, but it's also like the traditional word, you know, some people that aren't in the space, like, like, we are just like meme coin sometimes, you know, hawk to a coin and all that crap gets a bad name for the rest of the space. Right? And so this. We almost need a new word for. For these coins because they truly are built different. I. I just. I love the idea of the flywheel, and I totally get it and it makes sense and it just makes it so tangible. It's like at this point, with kind of like Pudgy Penguin in the volatility of up 5, down 7, up 10, down 6, up 15, down 5. It's like, let's just. I mean, who's going to start the first Pengu treasury company? That's the real question. Let's get some financial instruments off of the volatility of Pudgy Penguin because. Because it seems like this thing's going to the moon too, with everything else. So it's an exciting time, but we got to be honest with ourselves, Brian.
- [44:59]
Brian
We.
- [44:59]
TiVo
You have winners, you have losers, you have things that you recognize and you don't do it.
- [45:05]
Brian
Don't do it.
- [45:06]
TiVo
Listen, we have to be honest with the listeners, and there is something that is taking the meme coin market by storm. You were in the trenches. You saw this at jump. You saw it at the jump. And then not only did you see it at the jump, you then kind of poked all of us a little bit later and said, hey, look at this, boys. I saw it at the jump. And we all were like, oh, yeah, that would have been great. And then it's still Six decks from there and we're all sitting on our hands, guys. Hands up. We missed this one. Brian, break it down for us because it is funny. And I actually have a great conversation for us after we break down the Ibiza final boss.
- [45:44]
Brian
What? What? A meme coin. Okay, this is a little different than the standard Penguin rec, but who knows? This would be the final boss. Guy could probably come out with like some sort of line of clothing and Lego viral. But yeah, I saw this early on the group chats. I am, I'm in with Buddies. It was buzzing as well. I, I, I know a good friend that's in the crypto industry, Tyler D. That's all over this space, mentioned like, hey, when's that NFT project coming out? And I responded back to him. This is days ago. I was like, the NFTs would be fire. The traits would be great knowing that there is a token. We're talking in the hundreds of thousands of market cap. And I was watching this guy. Everybody watching the show right now knows exactly who this guy is. If you don't, I don't know what you're doing. I was playing golf with a friend of mine who's a no coiner. I go, dude, I missed a 60X. And he's like, what was it? I showed him the picture. He goes, oh, yeah, he's a final boss guy. I go, you even know who he is? He goes, yeah, I was going to message you about and see if there was a meme coin. I go, yeah, there's a meme coin. I don't know exactly what I was thinking, why I didn't pull the trigger. I pull the trigger on some crap out there and always want to keep our community up to date. But I just, I guess, like, part of my gut didn't. There was like a lot of PvP. There was like a few of these tokens coming out. So which one was going to come to the top. But then there was kind of a clear winner. And I remember right around $500,000, I was like, like, man. And I got distracted. I blamed crypto 101. I was doing reports, I was in trenches for other things. I was like, I'll come back this. I come back to it and it's like 2.5 million. And I sent it to you. And I came in and I was like, man, I think I missed this. This is a quick 5x. And then it just kept showing up more and more and more and it got to 8 million. I'm like, this thing's going to fall off. Like, when's this going to happen? I think today it was over 30 million. What's it at? Right.
- [47:37]
TiVo
It's 30.3 right now.
- [47:39]
Brian
30 million. And he is. Even when this first came out. TiVo and you're in the meme game more than I am. I first saw this guy, I had the biggest chuckle. I'm like zooming in on his picture. I was like, is he wearing a tassel cap or is that his hair? And I just. That's. That's the type of opportunities that we dream about in the meme coin world. And I should have known better, to be completely honest with you. But you can't hit them all. I mean, that's one of the things out there.
- [48:05]
TiVo
Yeah.
- [48:06]
Brian
And I don't know when this is going to stop. I have no exposure to it. I want it to keep ripping because it just makes the trenches feel alive again with even greater opportunity out there. But it's buzzing. I mean, there's tons of people. There's Beeple talking about. There's major projects talking about. This guy's becoming viral. Yeah. Here's Beeple, one of the greatest digital artists of all time. He does his everyday NFT Infinite final boss. I mean, there. It's so funny. It's. It's. It's so good. Bring up the Doodles picture. Doodles is a very famous NFT project and they created that. And if anybody knows Doodles, I saw this, I would go. I would totally rock this. It's just so funny. So relatable. So, yeah, kind of missed this one chugging along. I. It was a 60x. Missed it. Could have really used that win. But I'll. I'll definitely be on the next one. I'm not going to ignore the obvious signs. This is right up my alley. Like something real stupid, you know, real clicky. I'm zeroing in on his picture. A few days ago, I should have known better. But congrats to everyone who got in it. It. And it's still going.
- [49:24]
TiVo
Yeah. I think this is a. The Ibiza final boss is. Is. No, it's important. I know that sounds silly, but for me it's important because we're. We're getting back to the start of the show. It's a bull market. I don't know if you remember that clip. The star of the show, Brian, just like, yeah. It's like. Guy was like, Andrew Ross. Sorkin was like, hey, Mike, what do you think about 401ks in. In. In Crypto? And he Just goes, it's a bull market. Like it's a bull market. A bees a final boss. 30 million dollar market market cap, it's a bull market. And so back to when kind of all the other times that peanut the squirrel or mu dang like this is like if you sent this to me, I knew about it be the final boss for like a week now. So if you sent something to me within the last week, I probably would have hopped on it at a lower market cap. Again, it took on a life of its own. You sent it to me, I still would have had a 4 or 5x but I missed out on it in the sense. But if you would have sent me that and it was a million 2 million, I would have hopped on it. No doubt because we're getting to that point. And again, salute opinion here. Not financial advice by any means, but we're getting to the point where like the meme coin world and the real real world's a stretch, the meme coin world and the Internet as a whole are, are coming together again. And I love your take on this because this is what I was thinking about and I want to talk to you today. Once you start seeing things on the Internet that are super viral and everybody knows about them, this is a great example. Again, I said mudang is another one. Like the mudang cute little hippo was all over the Internet. Everybody saw it from your grandmother down to, you know, your 10 year old nephew that when that kind of stuff reaches the crypto market and starts taking off like this has, there's probably, probably going to be more to come. And so now that you saw this, we might be into that phase again. Like we kind of were. What was it like in January or whatever where it was stool presidente leading us with greed one, greed two, greed three. All that craft coin going off like it's time to, you know, you guys have been crushing it literally all year. But I, I think this is, this is the moment where you know, even if you're, you're a little wary of the mean game meme game, it's like, hey, listen to the Momentum Makers podcast. You need to subscribe to this channel. So you hear these guys weekly, what we're talking about, what we're seeing. Definitely want to join the community. So you get the news every day and you're going to hear the stuff like Wrecked and Pengu. You're going to get it first. Check the links down below. It's like that's the type of stuff that I think we're getting back into that phase. A little bit of banana zone. What do you think about that take when. When the Internet meets the crypto world? Do you think we might be there?
- [52:03]
Brian
Yeah, I think we're definitely there. And, you know, we got. We got washed out a little bit after, you know, the. After still President Day. And. And there was like, I can't even libra like with that country and the president with the scam and wipe people out. And then we kind of went into a, like a local bottom and a lot of things. And we were a little exhausted of just getting rugs. Now it's starting to catch up again. We have. We have short memories, that's for sure. And. Right. And that's. I was a little scarred. That's why I didn't jump on this quickly. I would have totally recommended this come January, but now know. And this is good for me personally, this is good for me. A little bit of a balcony watch, not gonna lie. But this is good for me because it definitely zeroed in. And I'm like, you know what? I'm gonna recommend it more to our community. I'm gonna probably dabble with some more speculative bets. No, I'm not recommending anybody to like, just hammer some of these meme coins. But there's some viral things happening right now. People are making money here. Liquidity's coming back into the streets. We got bullish news everywhere. It's time to really. I'm doing it already. But it's time for everybody listening to the show to really start paying attention again because there's gonna be some runners, in my opinion. Ah. A B is a final boss. So I don't know how high this things are gonna go. I own zero. I'm not buying any because it's 30 million. I kind of just feel like. And that. That's another thing from a trading standpoint. Even sometimes when I feel like I miss something, like, I'll talk about it a lot, but it is what it is. You know, you just have to move on, but you have to keep your eyes open for the next one. And I do believe there's gonna be a next one probably sooner rather than later. Hopefully we're talking about one next week that we all hammer.
- [53:40]
TiVo
Yeah. I think great point of a crypto 101 lesson. And obviously Brendan is our absolute chart master and can kind of give you a better insight into this, but I was really proud of myself. Kind of circling back to the eth treasury company, the BM BM NR with. With Tom Lee how could I forget his name? Like, dude, that thing. When that thing announced, you see that straight up rocket, it goes from, you know, $4 to literally $135. And I felt like I missed out because it was one of those overnight announcements. The pre market gobbles it up and you get left out in the wind. And I was like, dude, I want this so bad. I want to be in just. Just a little, you know, just a little nibble. Just a nibble. And not personal financial advice for anybody, but, like, I just wait. I was like, all right. That was such a shoot that, like, something's gonna give. People are gonna rug pull on this. They're gonna take some profit. Let it come to you. And again, that's not always gonna work, you know, every single time. But I feel like when you start seeing those hockey sticks, eventually it's got to come back in. And so I let it come back in. You let the trade come to you. It's. It's what Bryce has always taught us, right? You plan your trade and you trade your plans. And so, you know, if you don't get overzealous. And as much as we want to be in a B is a final boss, we feel like. We feel like we missed it. And obviously, if it becomes a hundred million dollars or 200 and a half a billion, then we feel like idiots even more. But, you know, I don't know. I don't know if he has that much staying power. He's gonna have to become a DJ and come out with some absolute banger of some tracks, I think, to get to the half a billion mark.
- [55:08]
Brian
Whoever this guy is, would love to have him on our podcast.
- [55:12]
TiVo
Yeah, that's a good point.
- [55:13]
Brian
Let's get the Ibiza Final boss on there. I mean, dude, I'm just looking at the meme right now with him, like, dancing, shaking. It just reminds me, like, Jersey Shore gtl.
- [55:21]
TiVo
Yeah, yeah. Little gym, tan, laundry.
- [55:23]
Brian
It's. But more likely. I'm a little bit of a betting man, but I'm not shorting anything. I would imagine this is going to probably eventually fizzle out and. Correct. And we're gonna catch a new meta or a new token. But this gives me a lot of faith that new meme coin launches have. Because we were in a rocky spot there for a while. We. A lot of our recommendations were ones that had staying power, and they're doing great. Like the rec coins, they just continue to grind up, but for a lot of real reasons, they've evolved into something more. But this Gives me real faith that some of these new meme coin launches could do some damage. So definitely, anybody sees anything viral, hammer it over to TiVo on Twitter.
- [56:02]
TiVo
We're gonna dot, please, please. And then so let's, let's wrap it up here. We got two, two more segments. Brian, I'm gonna let you pick, but before we do that, we thank everybody for watching. If you guys, anybody else who's left in the live, I see one from Fitz. Drop some questions. If you guys have any questions and you've been here the whole time, drop your questions. We're gonna do two more segments answ, couple questions and then get out of here. Again, we always appreciate you joining us for the live. And again, like subscribe if you haven't, but drop some questions if you have any. And so, Brian, I see. Let's do the last two topics here, Hyper Liquid, and then we're going to do a pump fun update. So what are you seeing with Hyper Liquid?
- [56:39]
Brian
Yeah, I mean, Hyper Liquid was getting a little bit of FUD recently. I think their network was down a week or two ago and you know, the price was getting a little volatile. It's a position of mine. So full disclosure, I do own some hype. I like the product a lot. They're known for their perps trading, but this just stuck out to me. I was like, how can I throw this on the sheet? Hyper liquid earned 35% of all blockchain revenue in the month of July. That's massive. So it's still very relevant. They do have an upcoming airdrop, I believe in Q4. It's being rumored for. You know, I personally, we've talked about in our private community. I've bought some like hyper liquid NFTs on their blockchain. I'm staking some of my hype on their platform. I've utilized their platform. I don't think that their airdrop is gonna, I mean that made millionaires, you know, when it first released. I don't think it's gonna be like that, but I like that Stimmy and I think Hyper Liquid definitely has a path to go even higher. Caught a little FUD recently just with like some, they limited some controls on their end, but at the end of the day, they're in 35% of all blockchain revenue in July. That's a massive number.
- [57:53]
TiVo
Yeah, no, that, that, that stat just kind of emoji blows my mind. I did not, I didn't, I didn't realize that. That's crazy. And then just because you mentioned. I saw it on the sheet. The. A little Magic Eden airdrop. Any. Any insider tips you're looking for that?
- [58:06]
Brian
Yeah, if you, if you have the me token, if you trade NFTs over there, meme coins, ordinals, a good little platform. I've always been a big fan of Magic Eden. I am staking some me tokens for a few years now. I think they have a good vision out there. But yesterday or I think it actually completed today that you got an airdrop. So check it out. If you utilize Magic Eden, if you've. If you've staked some of their tokens, you need to go in, you need to go on their website, you need to go to the rewards tab. You can get a substantial amount of money or just a little bit of money to buy you maybe your wife a nice dinner. So check it out. But it was big news out there, but it's kind of getting pushed to the bottom of the docket. Normally this is the top of the docket, an airdrop coming from a major company, but when you got to be some final boss leading the show, you never know what's going to happen.
- [58:56]
TiVo
Unbelievable. And then it's. It's time. It's time for a pump fun update. A lot of hype leading up and then I don't know if you want to qualify it as quote, unquote controversy when, when it dropped and kind of sunk. But definitely had a more hype than, you know, after the drop, I thought. So what are you seeing a little bit of a rebound here?
- [59:17]
Brian
Yeah, we're seeing some of these pump tokens rebound Ibiza final. So a lot of these pump tokens that were drived on, pumped up fun. These meme tokens are definitely catching a little bit of a pump. We had the team come out and they're introducing some new. Just some new updates. We're desperate for some updates. We never got that Pump Fun airdrop yet that everybody used that platform early has been clamoring about. I believe that's still in the works. But there's really a launchpad war right now between Pump Fun and Bunk Dot Fun and. And Pump Fund did look like it was dying out. I was like, man, they kind of didn't do what I was expecting they could do. Catching the hype cycle. But now they're releasing some information. Some of their tokens are starting to run. They're catching a little bit more revenue and they're coming back from the dead. So we're going to keep a close eye on these launch Pads. Funny that be the final boss. I did hear some clamoring out there that. So there's a meme coin called Troll that was derived. I believe there was a pumped off fund that's really a cabal center truck, a pumped up fund token that's just. It's been out forever and it's just been pumping like mad. A lot of people are saying that Ibiza Final Boss, which was derived on the Bonk platform, is kind of that cabal token. And that's why we're getting a little bit of a run up. I don't have any insider info. I'm not really sure. But long story short, it does look like pump funds is shrugging off that initial ICO fud where it kind of lost some people their initial investment. And it's really starting to slowly grind back up.
- [60:52]
TiVo
Yeah, I know it had a lot of hype around. It didn't perform out of the gate, but, yeah, I don't know. I don't have any exposure. I was just kind of relying on you guys to wade in the water. I think, you know, between Bryce and you guys, we were all just interested in kind of keeping tabs on it. So it's something that we're definitely going to watch and bring you updates as we wrap up here. Brian, I did have. I did have one little final thing on the Ibiza final boss, and then we'll get to some. We'll get to some questions. So I was worried. So originally I was like, I'm looking at my phone. It's like, oh, the Ibiza final boss coin. I was kind of worried that it was going to be. It was going to be me or one of my friends. Like, I. Here's. Here's a video of a group of my buddies and they're in Ibiza. They are the Ibiza final bosses, and they FaceTime me. They FaceTime me at my desk and bring me live, live to Ibiza. And so I was. I was worried. I was worried. I was worried. I was like, oh, my God, it's going to be Jason, it's going to be Christian, or it's going to be me on this profile picture for the Ibiza final boss. But luckily, luckily it wasn't that. And I heard they, they made it back to Tampa safe, But Ibiza, it's time. It's that time of year and we found the king, apparently. I thought one of my friends or me might have been the king from that video, but it wasn't anybody from Tampa. But that we gotta. We Gotta find who that is and definitely get him on the pod.
- [62:15]
Brian
What a beauty that guy is. As painful as it is missing out. I'm gonna take a lump. And it's great for the trenches. And, hey, it's great for the be as a final boss guy. I wonder how he did that night. You know, he was on the prowl.
- [62:28]
TiVo
Oh, yeah, definitely. All right, let's hit a couple questions. Last call for questions here. We have somebody asking kind of a very specific question here, Brian. I don't think we're gonna be able to answer it. It's like they have crypto on chain from a block account. They can't transfer it to Coinbase. You're gonna. You'll have to do some deep dives on some tutorials. I'm sorry, that's a little. Little too specific for us to kind of help you live here. For Fitz. Fitz as a good one. Did you see the How. How the World Went Ape Ape poop. Poop emoji. How the World Went Ape. A poop. NFT movie on base. Have you heard about that?
- [63:03]
Brian
Yeah, I heard a little bit about it. Probably not enough to talk intelligently about it, but I definitely saw how the World Went Ape poop. Exactly. It's available and it's a documentary out there, and I believe that's connected with a link of the Bored eight yawp club, if I'm. If I'm speaking correctly here. So there's definitely a lot of things being developed in the works. It does feel like NFTs are catching quite a bit of a bid. Talked about it within our private community recently, and I'm excited to see where we're going. When we were on the show last, I was looking at our past show notes. I was like, oh, man. Cryptopunks42 eth, blah, blah, blah. Looked at the floor Today, there were 55. I was like, man, they went 13 eths in a. In less than two weeks. So NFTs are definitely. It does feel like they're coming back in some form or fashion. We actually had some interesting mints recently, but, yeah, I'm familiar with it, but I didn't check out the documentary. Curious what his thoughts are, if he watched it or what the thoughts are.
- [64:01]
TiVo
Yeah, Fitz, drop. Drop the comment in. In the full video after we post it, and then we can. We can reply to you there. The one other one we got. Cje Lizard. He wants lizard. Lizard coin. Lizard coin.
- [64:15]
Brian
Yeah, well, that was getting passed around between us a little bit as well. Again, miss.
- [64:20]
TiVo
Made it Made it out of the group chat.
- [64:22]
Brian
Missed the lizard one as well. And then I got it connected on the final boss. But I think, I think that's what was kind of shaking me off because we're seeing some big candles in lizard sell offs. Big candles up, up and sell offs. So what you know, I'm bring it up right now. It got to about a 14, 15 million dollar market cap and yeah, it's down 52% on the day. Very key support here. Are we going to catch another bid up is the real question. I was watching this pretty closely and I was tapping the lizard. Everyone you go to the website what came and said he's like they, they reimagined the easy button from Staples and I went to the website and I was like tapping that thing. How many taps? We got over a million taps right now. Man. That's a pie.
- [65:09]
TiVo
That is a pie network vibe to it. That is pie network vibe.
- [65:12]
Brian
Some things are so stupid. They, they rock. But very friendly looking character. I actually am whoever asked that question. This is an interesting, sorry about five million dollar market cap. I'm going to do a little bit due diligence after the show and see if there's an opportunity here because it looks like this is either going to go to zero or this could bounce up again. Not financial advice but man, I saw this lizard trending everywhere but then a visa final boss pretty much took over my timeline and my thought process.
- [65:41]
TiVo
I feel you. Last one we've got, it's me. Cherelle. What do you think about Pepe?
- [65:46]
Brian
I'll.
- [65:46]
TiVo
I'll jump, I'll jump on it first. I mean it's just a classic. I think the meme's not going anywhere from a meme coin and, and if you, you're trying to play the meme coin markets wise in my opinion. I just think there's so many other things out there that you know, have a lot less market cap and can catch a lot more hype and there's a lot more, you know, whether you like a pengu for example of just the long term stuff. But then you know your bees of final bosses are seeming to pop out of the weeds and your lizards so that could be a lot more fun.
- [66:12]
Brian
Yeah, I actually love Pepe as like an eth beta play. It's on the Ethereum blockchain. I think it's about 4, $4.5 million billion dollars market cap right now. It's, it's one of, I mean it's one of the top meme coins out there. It's a $4 billion.5 billion market cap. I do see a world where that flips shib a full disclosure. I do have a Pepe bag that I just kind of locked up and I'm riding to like another meme coin super cycle. It's just an OG meme. It was a. That that's, that's a complete. We're not gonna get like a Web2 product like Pudgy Penguins or Rekt with Pepe. More likely not. But it is a community driven token. A community that supports it is one of the most recognizable memes in all of crypto. So it for good reason. It should be a multi billion dollar market cap and I do like it as an ETH beta play. I, I was surprised to see a pullback in it recently it down to like this four, four and a half billion dollar market cap. It was a lot higher but I could very easily see that eclipsing all time highs in the right conditions. But to go from a $4.5 billion market cap to a $9 million market cap, a 2x move is a substantial amount of capital that's going to flow into it where you could catch some of these lower market cap coins and catch, you know, it's really where your investment thesis is there. But I do like it as kind of like a corner meme coin portfolio. If I was going to map out for somebody, again, not enough financial advice. I don't need any trouble in my life. But if I was going to map out somebody like a top 10 meme coin portfolio like set it and forget it, Pepe would absolutely fall in there. And just to show you, I continuously kind of dollar cost average in on my holdings on Pepe. I like as an ETH beta play.
- [68:00]
TiVo
Yeah, just I mean a lot of great information from Brian and always we miss Joe. You guys have crushed it literally, you know, for multiple years. But this year I think you are, you're on a hall of fame type of pace. And so you know, we bring you, you know, the updates and we bring you the news and we kind of give you a little insight of what Brian and Joe are doing. But if you want that insider information, I believe we're building you out a landing page for Momentum Moneymaker specifically. But it's all about being inside the community because you know you're going to get those Pengu calls, you're going to get those rec calls right as they're coming out and you might get even a little text about an abyss, you know, King or you know, the last of these, King the lizard token. Like we kind of talk about all this stuff, you know, once the trades play out and we call it like it is, we win some. I think we're winning most right now and we lose some and we miss some. But you know, if you want that access to Brian and Joe in our community, check the links below. I know we have a dollar trial down there. We also have a free book. If you guys are just getting into, you know, crypto in general. Learn about bitcoin, learn about crypto. The community really is the place to be if you want access to us every single day and really get, you know, join a part of our team. And what we do, it's, it's really fun and it's, it's a vibrant community. But if not, we're always going to be here for you every week live, giving it to you like we see. And we really appreciate everybody tuning in. Today. The live was on fire. Cherelle, Deborah, C.J. thank you C.J. for helping set this up today. It was unbelievable. And Fitz and we're, we're missing a couple other, other people in the chat because sometimes we go in the morning. But we really appreciate you guys. Guys, thank you so much for tuning in and we'll see all of you next week.
- [69:46]
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Brian
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