Bitcoin’s $80K Moment of Truth… Will It Hold? — Transcript

Full transcript

1. 0:01Welcome back to Cryptos Are Us. I am
2. 0:04George.
3. 0:06We're all George. Welcome to another
4. 0:09market open stream. Happy Monday.
5. 0:13Is today going to be a good day? Because
6. 0:16over the weekend,
7. 0:18a lot of red, a lot of redness. And same
8. 0:21thing, last week it was just nothing but
9. 0:24red. So what is this going to week
10. 0:29bring to markets to Bitcoin to crypto
11. 0:32and Bitcoin's 80K moment of truth will
12. 0:37it hold? Let's talk about all these
13. 0:39things and what to expect
14. 0:42this coming week. All right, let's do
15. 0:45it, guys. Let's do it. Welcome, welcome,
16. 0:49welcome.
17. 0:51We are starting on a day right under
18. 0:54$80,000 and we dip below
19. 0:58uh last night all the way to about 793.
20. 1:02Obviously
21. 1:04we have seen this right? If you zoom out
22. 1:07a little bit over here over here and if
23. 1:09you zoom out more
24. 1:11you know we've been through it. It's
25. 1:13just that things are getting a little
26. 1:16scary once again. macro conditions seem
27. 1:19to be holding us back and there's more
28. 1:23or less momentum these days. So, are we
29. 1:27going to hold that 80k? Are we go
30. 1:29recover back up and get back to the
31. 1:32mid80s? Well, this week, let's see.
32. 1:34There are some big things happening this
33. 1:36week. Very big things. the US market is
34. 1:38opening green right now which is good
35. 1:40but like I said last week was mostly red
36. 1:45and uh and those factors didn't change
37. 1:48really
38. 1:50um one is oil is still elevated even
39. 1:54though this says it it it slides 2% it's
40. 1:58still very very high. oil is crazy high
41. 2:02right now and obviously that doesn't
42. 2:05help with a lot of things like inflation
43. 2:08and prices and all that stuff right so
44. 2:12this is still ongoing and more
45. 2:14importantly people want to know whether
46. 2:16or not we will as a nation strike Iran
47. 2:22last week it was reported that it was
48. 2:24imminent that something big was going to
49. 2:26happen right and then now you know again
50. 2:30We're talking about is there going to be
51. 2:32a deal or is this going to be done part
52. 2:35of negotiations I guess right before
53. 2:38midterms we got Trump originally said
54. 2:41that no tax before midterm but then last
55. 2:44week it seemed like he was about to
56. 2:45attack now seems like there's more
57. 2:50more decision- making right so we'll
58. 2:54have to see traditionally speaking after
59. 2:57midterms
60. 2:59markets blow up, okay, in a good way.
61. 3:03Uh, usually after midterms, you see not
62. 3:06only Bitcoin starts going up
63. 3:08tremendously, but all markets go up
64. 3:10tremendously. That's normally what
65. 3:12happens with a midterm. But this year,
66. 3:15we'll see if that happens. Especially if
67. 3:18the war continues or escalates
68. 3:20afterwards, then that may change things.
69. 3:22But these are things that are holding
70. 3:25markets back right now. And of course a
71. 3:28little bit of AI bubble
72. 3:32fear
73. 3:33uh that's spreading.
74. 3:36So we'll we'll talk about that in a
75. 3:38little bit. But also this happened. Not
76. 3:40that this is really affecting markets
77. 3:42here, but a lot of people talk about how
78. 3:46uh
79. 3:49this was a shock in Brazil that their
80. 3:51current
81. 3:53their their current president just won a
82. 3:56fourth term and a lot of people are
83. 3:58thinking that there's something fishy
84. 4:00going on with this. I I don't know too
85. 4:02much about it, but I heard a lot of
86. 4:03people talk about an accent and this
87. 4:06morning too. Uh outside of this this
88. 4:10week we also have some big big things
89. 4:13besides the macro stuff. We got a lot of
90. 4:16big tech earnings. Microsoft, Alphabet,
91. 4:19Amazon.
92. 4:22Okay. Uh you got the memory chip maker,
93. 4:25SK Highix as well, right? Last week
94. 4:29there was AI bubble fear among many that
95. 4:33think that you know things may be going
96. 4:35down and AI and tech has been selling
97. 4:37off. Let's see if that reverses.
98. 4:40Okay, because like I've been saying a
99. 4:44lot of these tech companies that have
100. 4:45reported
101. 4:47they're making h money hand over fist.
102. 4:49They're not stopping. They're not
103. 4:51slowing down. The AI trade is only
104. 4:53accelerating. But a lot of people are
105. 4:55fearful. They're following the herd.
106. 4:57They're selling off. I think we're going
107. 5:00to see some big big numbers
108. 5:04this week and that could turn things
109. 5:06around.
110. 5:08We'll see. And also, we got
111. 5:11unfortunately the FOMC meeting. Totally
112. 5:14forgot about that. Yeah, we have the
113. 5:15FOMC meeting this week, too. And that
114. 5:19could affect things. But you know what?
115. 5:21like right now
116. 5:24uh
117. 5:26right now it's it's pretty much a lock.
118. 5:28So if we go to markets, let's let's look
119. 5:31at it real quick. Let's bring up the
120. 5:33calendar.
121. 5:36Yeah, it's a 90% lock, meaning we're not
122. 5:39going to get a rate hike. Okay. Um but
123. 5:43there is a possibility that Worsh may
124. 5:46say something that people don't like.
125. 5:50Okay, that there's a possibility with
126. 5:51POW is always like that. Pow always make
127. 5:53these comments that make you feel
128. 5:55bearish and hawkish even though nothing
129. 6:00is really being said or or there's no
130. 6:02plans of hiking or anything like that.
131. 6:04So, we'll see. This is also coming up
132. 6:07this week.
133. 6:11Uh but the next one in December
134. 6:14could be
135. 6:16could be bad if we go if we get a rate
136. 6:19hike. But I think that's already priced
137. 6:20in. Honestly, markets already know that.
138. 6:23Markets already know that we're not
139. 6:25going to get a hike this week and then
140. 6:26we're go get one next week, next month,
141. 6:29two months from now, end of the year.
142. 6:31Uh, but we'll see if he says something
143. 6:34that really spooks or encourages the
144. 6:37market.
145. 6:40You never know, maybe he says something
146. 6:41good.
147. 6:43Uh, yeah. So outside of
148. 6:47Fed, macro,
149. 6:52earnings, we got other stuff too. A lot
150. 6:55of AI stuff. Enthropic is going to file
151. 7:00today, I believe, for the IPO.
152. 7:03I don't know when they're actually going
153. 7:05to open up, but I think it's very, very,
154. 7:08very soon.
155. 7:11And that can also bring a lot of
156. 7:13enthusiasm and
157. 7:16I'm hoping they release their next model
158. 7:17Fable 55 soon too. So that could
159. 7:21actually bring a lot a lot to the table.
160. 7:26Okay. Um actually it could be today
161. 7:30actually. I thought it was maybe later
162. 7:32but it could be today. If it is today
163. 7:35we'll see how well it does. SpaceX
164. 7:37obviously when they IPOed it was
165. 7:40enormous. over two 2.5 trillion after
166. 7:44the first day or second day and then it
167. 7:46came back down, but still uh this could
168. 7:49be even more hyped up than that. It
169. 7:53sounds like it could be. So, we'll see.
170. 7:56Uh Meta also announced that they're
171. 7:58going to try to raise $95 billion to
172. 8:02expand their AI. And you got some big
173. 8:04companies like Broadcom, Nvidia, AMD,
174. 8:08they're all interested.
175. 8:11The funny thing is people don't realize
176. 8:12Meta, I mean they have their AI models
177. 8:15aren't that great. They have MetaMuse,
178. 8:17which is a personal assistant that a lot
179. 8:19of people do like, but uh one thing
180. 8:21people don't know is Meta spent all
181. 8:23their cash. They actually have no cash.
182. 8:25Unlike all the other giants out there
183. 8:27like Microsoft or Apple, Amazon, they
184. 8:30all have like hundreds of billions of
185. 8:33cash. Meta actually burned it all
186. 8:36because of everything they were trying
187. 8:38to do with VR and AR. And now they're
188. 8:42putting everything into AI. They spent
189. 8:44like a hundred billion dollars already.
190. 8:46They want to spend more. So they're
191. 8:48actually cash poor, which is why they're
192. 8:51actually doing this. But seems like
193. 8:53there are still a lot of interest. So,
194. 8:56and Elon just raised $40 billion to buy
195. 8:59more GPUs. So, it's going to get
196. 9:04crazy. And Nvidia and AMD and all the
197. 9:08hardware makers, they're set to make
198. 9:11billions upon billions upon billions,
199. 9:13which is why this is not going to stop.
200. 9:15So, we'll see. We'll see when the tech
201. 9:18earnings come out later this week. A lot
202. 9:21of stuff, a lot of stuff going on. All
203. 9:24right, going back to crypto. Last week,
204. 9:27we didn't end well.
205. 9:29Okay, on Friday, we had a minus 142
206. 9:33million. Overall for the week, it wasn't
207. 9:35bad.
208. 9:37Okay, because we had some good days and
209. 9:39then we had some bad days, you know. So,
210. 9:41last week was a call at even. Uh, ETH
211. 9:44actually broke its trend. It had a plus
212. 9:484 million. sold did not have a good
213. 9:50Friday and XRP did. So, it was kind of
214. 9:54even kind of even, but that was last
215. 9:57week. We'll see what what this week
216. 9:58brings with some of the fear and
217. 10:01tailwinds that we're facing right now.
218. 10:03Um, but
219. 10:06there are some people that are quite
220. 10:09bullish.
221. 10:12There is one person.
222. 10:14Okay. Uh so there's um options trading
223. 10:19platform called derive that said one
224. 10:22trader took a 68 million bet that
225. 10:27Bitcoin will climb above $90,000
226. 10:30just after midterms.
227. 10:35There has also been increase in bets
228. 10:37implying that market prices will top out
229. 10:39by $100,000 by Christmas.
230. 10:44So, do this person or these people that
231. 10:48are betting so much on options, do they
232. 10:51know something that we don't? Well,
233. 10:52according to history, like I said,
234. 10:55according to history, after midterms,
235. 10:57that's when things usually get really,
236. 10:59really good.
237. 11:02Markets blow up, Bitcoin blow up.
238. 11:07So,
239. 11:11I'm hoping these guys are right. I'm
240. 11:13hoping they are right. $68 million in a
241. 11:17single from a single person based on his
242. 11:19option trades
243. 11:22tells you a lot. He has a he has a lot
244. 11:25of conviction, man. Even if you're a
245. 11:26billionaire
246. 11:28to lose 68 million on on a you know a
247. 11:31bet like this is it's hard to swallow.
248. 11:34So [snorts]
249. 11:36uh and there are many that are thinking
250. 11:38$100,000 by another year. So it can
251. 11:40certainly happen. Okay, we know things
252. 11:42can change very quickly for Bitcoin and
253. 11:45crypto and markets, right? It seems like
254. 11:47one week there's a big sell-off, another
255. 11:49week there's a big recovery, and then we
256. 11:51lead into a whole month of recovery. We
257. 11:53have seen that time and time again. So,
258. 11:56it's not too late.
259. 12:00And this is the final week of October,
260. 12:03even though it has not been up,
261. 12:06but this week could change things again.
262. 12:09they could change things. Maybe a a
263. 12:11ceasefire is announced. Maybe all the
264. 12:14tech earnings are absolutely fantastic.
265. 12:17Maybe Wars says something really good
266. 12:19and positive. There are many things to
267. 12:22look forward to this week and leading up
268. 12:26to midterms,
269. 12:28but we'll see.
270. 12:30Here's something else that's
271. 12:32interesting. 11 million Bitcoin has no
272. 12:34known owner. And a lot of this, okay,
273. 12:39a lot of this could be
274. 12:43lost Bitcoin like keys lost, hard drive
275. 12:46failures, stuff like that. I mean, it
276. 12:50it's a lot. Obviously, there are a lot
277. 12:51of people that are staying anonymous and
278. 12:54then you have Satoshi wallets and you
279. 12:56have a whole lot, but 11 million is a
280. 12:58lot. Okay, considering there's only
281. 13:01going to be 21 million ever. So that's
282. 13:04more than half,
283. 13:07right? So a lot of people have
284. 13:08speculated how much Bitcoin has lost.
285. 13:12And I I've seen numbers saying anywhere
286. 13:14from like 2 million to like 8 million.
287. 13:16It could be even higher than that.
288. 13:19So if you think about that way, Bitcoin
289. 13:21is even more scarce. There will be
290. 13:23Bitcoin that will never be accessed ever
291. 13:25again, considered burned, lost,
292. 13:28whatever. It will never be traded. So if
293. 13:32you think about that, there's actually
294. 13:33less out there than most people think.
295. 13:39Interesting.
296. 13:40Interesting. Uh and that is why, you
297. 13:44know, you have
298. 13:47treasury companies that are loading up.
299. 13:48Strive buys another 6,182,
300. 13:52bringing their total up to 43,000.
301. 13:56A lot of treasury companies buying,
302. 13:58buying, buying, buying. I don't think
303. 14:00strategy bought this week. Um, but you
304. 14:03got many that are buying because they
305. 14:05realize it's scarce. And if you want to
306. 14:07opt out of all the shenanigans with the
307. 14:10world economy, with the US economy, and
308. 14:13with fiat currency,
309. 14:16then you opt into Bitcoin. Um, what
310. 14:20else? Retail inflow hit a six-month
311. 14:23high.
312. 14:26surprising
313. 14:28but
314. 14:31but it's true. There are people that are
315. 14:33coming back paying attention finally
316. 14:36drawing interest once again. So that is
317. 14:41good.
318. 14:43That is good.
319. 14:46[cough and clears throat]
320. 14:47So we'll see.
321. 14:53Yeah, this is just showing. You guys
322. 14:55have seen a lot of charts like this,
323. 14:58okay? I don't really feel like I need to
324. 15:00show it again, but some people want that
325. 15:03reassurance that hey, we're going to
326. 15:05make some moves that we're recovering
327. 15:07that this is normal. Yeah, it's all of
328. 15:11the above. Okay, we have seen this
329. 15:13before. Drops in the past have been
330. 15:16worse. Have we seen recovery stall a
331. 15:19little bit? Yeah. Have we seen some
332. 15:21scary times with
333. 15:24banks failing or recession talks or
334. 15:28market crashes
335. 15:31or black swan events? Yeah, we've seen
336. 15:34it all. We've seen it all. We even
337. 15:39we even live through co
338. 15:43Okay, all these times.
339. 15:47But Bitcoin
340. 15:51didn't care. Bitcoin always found a way
341. 15:54to get through it and recover and make a
342. 15:58new high afterwards. So, not only do the
343. 16:01lows get higher, but the highs get
344. 16:04higher as well. And you could see where
345. 16:06we are right now. So, it is not too
346. 16:10late, it's not too early. is the perfect
347. 16:13time to be getting in
348. 16:18if you haven't or perfect time to
349. 16:21continue the DCA, right? That's always
350. 16:24there. That's always the right right
351. 16:26move. If you what when in doubt, just
352. 16:29DCA, hold on DCA. That's all you need to
353. 16:31do. All right.
354. 16:35Outside of that,
355. 16:38XRP ledger
356. 16:40uh getting more tokenized shares. You
357. 16:43know, this is going to be one of the big
358. 16:44narratives going forward is tokenized
359. 16:48stocks, tokenized
360. 16:51anything on top of ledgers. Financial
361. 16:54institutions love it and it is being
362. 16:57allowed in the US. So you're gonna see a
363. 17:00lot of that 24 by7 trading and you could
364. 17:04have tokenized IPO shares, preIPO, like
365. 17:08preipo shares, you could have tokenized,
366. 17:11I don't know, anything really, real
367. 17:13estate, collectibles,
368. 17:16uh, yield,
369. 17:21staking, rewards, it could all be
370. 17:24tokenized and it's going to bring a lot
371. 17:26of volume to a lot of chains that really
372. 17:28need it because there are too many ghost
373. 17:31chains out there
374. 17:33that really have no activity. They have
375. 17:36big market cap, yes, and that's what
376. 17:38most people care about. But if you look
377. 17:39at TVL,
378. 17:41total value lock, very, very low and
379. 17:45their activity, their volume is very,
380. 17:47very low. Right? So the standouts, the
381. 17:51ones that are truly building, bring
382. 17:54activity, bring users, volume,
383. 17:57liquidity,
384. 17:59usage.
385. 18:01They are the ones that are going to
386. 18:03thrive in this coming
387. 18:07bull market.
388. 18:10All right,
389. 18:14looks like we're holding green
390. 18:17and we may be gaining a little bit.
391. 18:20Bitcoin is still where it is. A lot of
392. 18:24things in my
393. 18:26watch list red especially cryptoreated
394. 18:29like Micro Strategy down 5% today. Uh
395. 18:33Coinbase is down 5% today.
396. 18:38Some of the tech sector
397. 18:41is up, but man, they've been decimated.
398. 18:43My Micron is only at 900. They were at
399. 18:46like,300 or something recently. Yeah,
400. 18:49close to 1300. So,
401. 18:52a lot of bargains out there. Including
402. 18:56Bitcoin and Soul. Soul's holding on to
403. 18:59100. It was like 10
404. 19:01105 108 recently.
405. 19:04So, down slightly.
406. 19:09Yep.
407. 19:11Yep. Yep. Yep.
408. 19:13Uh yeah. Outside of that few updates on
409. 19:18the Clash ecosystem. Well, not that
410. 19:21much, but Clash Pix, a lot more people
411. 19:24are coming on board, right? So, if you
412. 19:27want to make predictions, do so on Clash
413. 19:30Pix. You could do it for free with PC
414. 19:32Clash, which is given out, right? a lot
415. 19:35of NBA stuff, NFL stuff, MLB, baseball,
416. 19:39NHL, all sports, all crypto, everything,
417. 19:45culture, finance,
418. 19:48world events, all on here. Uh, Clashpad
419. 19:52is still giving out rewards
420. 19:55slowly but surely. And there are a lot
421. 19:59of people that like to trade. a lot of
422. 20:00bots and just impatient people. When
423. 20:03they trade, those fees are collected and
424. 20:05distributed to the holders. Long term,
425. 20:09this is going to win and be a lot more
426. 20:12rewarding.
427. 20:14Uh, and then lastly, I've been working
428. 20:17very hard at Front Line, very, very
429. 20:18hard. A lot of people are quite addicted
430. 20:21and playing every day, which is good.
431. 20:24And we'll start trying to get more
432. 20:26gaming influencers to play and to show
433. 20:29it off. But just there's there's so many
434. 20:33so many things I added over the weekend.
435. 20:34I can't even I can't even comment on it.
436. 20:37But like a new new heads up display for
437. 20:40for everything. Achievements, rewards,
438. 20:43uh stuff like that, new items, new maps,
439. 20:46new store stuff. Okay. New loadouts,
440. 20:51uh new guns.
441. 20:54It's just everything just looks amazing.
442. 20:58That That's me. That looks amazing.
443. 21:01See, that's a new gun. Arc gun. I mean,
444. 21:03we added a preview on here. I mean,
445. 21:05there there's just like everything you
446. 21:07could think of. It's free to play. You
447. 21:09can earn P Clash, which you can use on
448. 21:10Clash Pix or here, vice versa. And
449. 21:14there's a lot of things on here.
450. 21:19All right, guys.
451. 21:22Let's do some Q&A.
452. 22:04Craig, welcome. Please do not at me when
453. 22:08you want an answer, but don't at me.
454. 22:12That is uh not fair to everyone else.
455. 22:16Uh, but to answer your question, when
456. 22:18the altcoin season actually happens, the
457. 22:20soul 45x before I don't know. I don't
458. 22:23know. You're being too particular. You
459. 22:25could ask you could ask Clash about
460. 22:28that. Okay. What I do know is soul will
461. 22:30go up a lot higher. I don't know if that
462. 22:34comes before
463. 22:36ETH doubles. They both have good
464. 22:39traction, good momentum, institutional
465. 22:41support.
466. 22:43So, yes.
467. 22:49Do you think we'll bottom then rally
468. 22:52post?
469. 22:53Yeah, I think this is part of bottom
470. 22:55process. 80k, we've been trying to hold
471. 22:5880k for several weeks now. We like kind
472. 23:01of dip below like where we are and then
473. 23:04we recover quickly. So, we'll see. This
474. 23:06could be that bottom, that 80k bottom
475. 23:10where we bounce off of and then we
476. 23:13recover. So,
477. 23:15we will see. It just really depends on
478. 23:18the macro conditions if they get worse,
479. 23:21right? Obviously, this week if all these
480. 23:24big tech companies have horrible
481. 23:27earnings, Wars during his FOMC meeting
482. 23:30gives very hawkish tone, you know, the
483. 23:33war escalates, the the there's a strike
484. 23:35that happens. There are a lot of things
485. 23:37that obviously could pull us down, but
486. 23:39assuming those things don't happen, then
487. 23:42there's no reason to think we can't hold
488. 23:44and recover up.
489. 24:25>> [snorts]
490. 24:30>> I wonder
491. 24:32if Anthropic did file.
492. 24:39AI lab lost 80.7 billion the first half
493. 24:43of 2026. Yes, most of that is taxes
494. 24:45though. Um,
495. 24:48it doesn't say doesn't say if they're
496. 24:53offering I I don't know. So, offering
497. 24:56today or tomorrow. I don't actually
498. 24:59know,
499. 25:02but it's going to be big. Whatever
500. 25:05Whatever they open at, it's going to be
501. 25:07big. Probably they're aiming for two
502. 25:09trillion. So, that would make them a top
503. 25:11five company already. That's what
504. 25:14they're aiming for. I don't know if the
505. 25:15market is going to
506. 25:19go higher or not, but Enthropic is
507. 25:21making all the right moves. That's all I
508. 25:22can say. All the other Chinese labs,
509. 25:26they're so far behind now, you know,
510. 25:28like maybe like three or four months
511. 25:30ago, everyone's saying how the Chinese
512. 25:32AI labs are go catch up. Ever since the
513. 25:35Anthropic figured out how to stop them
514. 25:38from distilling their models, they have
515. 25:40gotten really bad. They got really bad.
516. 25:43Kimmy just came out. Kimmy K31 came out.
517. 25:47They paid all these people to say really
518. 25:49good things. It's nowhere close to Opus
519. 25:5155 performance. The usage is a lot
520. 25:54worse.
521. 25:56Um it's more like a Opus 5.
522. 26:01It is barely better in 3.1. So I mean
523. 26:04three. So all these companies, all their
524. 26:07new models are not not doing well. So,
525. 26:10it's clear that all of them were just
526. 26:12distilling
527. 26:14anthrop anthropic models before and now
528. 26:17they can't and they can't really get
529. 26:20better. So, if Fable 5i comes out, it's
530. 26:23going to be like game over for everyone.
531. 26:36If I own Clash, do I get soul from
532. 26:38Clashbad? No. Because Clash wasn't
533. 26:41launched on Clashpad. You have to buy
534. 26:43and hold the token that was launched in
535. 26:46Clashbad
536. 26:47like Front Line, like FPS or CWD, which
537. 26:52is Clash World [snorts]
538. 26:57and the many others that are on there.
539. 27:03I think privacy narrative will be big
540. 27:05this cycle. I'm gonna go hard on Knight.
541. 27:08Okay.
542. 27:10I'm not so sure, but some of the privacy
543. 27:13coins obviously have been doing very
544. 27:15well. Zcash being among them, right? So,
545. 27:19you may be right, but I I don't see why
546. 27:21it would stand out more this cycle than
547. 27:23previous cycles, but you may be right
548. 27:26about it. I'm going to look for more AI
549. 27:29related stuff because AI is the future.
550. 27:32So I think anything that is promising
551. 27:36that is developing with AI or using AI
552. 27:38in some creative manner or integrating
553. 27:41it within their chain or or project, you
554. 27:45know, those are ones that I think
555. 27:49I'll be looking at.
556. 27:55Guerilla Investments with a big super
557. 27:57chat. Why are industries complaining
558. 27:59about tokenization of their assets? And
559. 28:00is there any other dealerships other
560. 28:02Lamborghini accepting crypto? Ferrari
561. 28:04does. Ferrari does, but some of them
562. 28:08don't even know how to do it. The main
563. 28:10company does, but like the dealerships
564. 28:12don't know.
565. 28:14Why are industries complain about
566. 28:16tokenization of their assets?
567. 28:21I don't know because they don't trust
568. 28:22crypto yet. And some of it may be
569. 28:24synthetic. some of the things that are
570. 28:27tokenized. It's not official by them.
571. 28:29Other people are just doing it. So, I
572. 28:31could see why they would be pissed off.
573. 28:34You know, that could be. But I haven't
574. 28:36really heard about industry saying that
575. 28:38they don't like being tokenized.
576. 28:44But I could see, yeah, if you know like
577. 28:47like coins, you could make coins of any
578. 28:49brand, any company, any person if you
579. 28:51wanted to, right? And I could see how
580. 28:54people could do that for certain
581. 28:56industries when they're not ready or
582. 28:58it's not official, you know, stuff like
583. 29:01that.
584. 29:20Yeah. in America, I don't think people
585. 29:22realize how much power the dealerships
586. 29:24have. So why what what makes Tesla
587. 29:28really amazing and most people don't
588. 29:30know is because they don't have
589. 29:31dealerships. They have service centers
590. 29:33and you could order things online, which
591. 29:35if you think about anyone should be able
592. 29:37to do, right? Anyone should just order
593. 29:39their car online and pick it out of
594. 29:40dealership. That's not how it works. So
595. 29:42I I had extensive talks years back with
596. 29:44a Honda dealership, right, about this
597. 29:47very same thing. Oh, why doesn't Honda
598. 29:49just do that? Why didn't Honda just
599. 29:52offer cars on their website that you
600. 29:53could just buy? They were saying how all
601. 29:57US automakers, right, they they work
602. 29:59with these large dealership like
603. 30:04groups, okay, that basically controls
604. 30:08all these dealerships. they work with a
605. 30:10few of them and because of that
606. 30:13relationship they can't piss them off
607. 30:16and they can't go direct to consumer
608. 30:19right it's a weird model it's like their
609. 30:21hands are tied because of this
610. 30:23relationship
611. 30:25um
612. 30:27and I don't know how that started or
613. 30:30maybe the dealerships this you know
614. 30:32these groups just got so big and they
615. 30:34control so much but that's the reason
616. 30:37you figure by now since Tesla has been
617. 30:40doing it so long, right? You should be
618. 30:42able to order whatever car you want and
619. 30:44just pick it up. No games, no
620. 30:47negotiations,
621. 30:49right? No markups, all that stuff should
622. 30:53be out the window, but they still allow
623. 30:56it. They still allow dealerships to do
624. 30:58it because their hands are tied. So, the
625. 31:02only thing they could the what he told
626. 31:04me was the only thing they could do in
627. 31:06terms of punishing a dealership
628. 31:08directly, let's say a new car comes out
629. 31:11and they just like mark it up by like
630. 31:13$300,000,
631. 31:15right? The only thing they could do is
632. 31:17remove their future allocations, meaning
633. 31:19that they're go get less of some kind of
634. 31:21special car or something. But like with
635. 31:22a lot of these car brands, they don't
636. 31:24have these halo cars, so it's not really
637. 31:27something they could really do. Um,
638. 31:31so that's like the only power.
639. 31:34It It's really weird how car dealerships
640. 31:37or car manufacturers in the US
641. 31:41um
642. 31:44yeah, it's just you wouldn't know unless
643. 31:46you talk to someone in an industry. Just
644. 31:48it's just a weird setup.
645. 32:04Uh Dow is coming up. NASDAQ is sliding
646. 32:07down a little bit today.
647. 32:20Who's playing today? [sighs]
648. 32:27a lot of games.
649. 32:29Bulls versus Celtics. Mavs versus Heat.
650. 32:32That's going to be a good game. That's
651. 32:33could be a good game. Well, I don't know
652. 32:34if Cooper Flag is still injured, but
653. 32:37versus Giannis. That'll be good.
654. 32:42Nuggets and Warriors. I'm not a hockey
655. 32:46guy, but there's a lot of hockey stuff.
656. 32:55Got three, two football games.
657. 33:02Cowboys and Eagles today.
658. 33:12Yeah. and front line. Lot of people
659. 33:15getting involved. Hopefully you guys do,
660. 33:17too. Or your kids or whoever. You know,
661. 33:19you may be too old and you're like, I
662. 33:21don't play I don't play games anymore.
663. 33:23Well, you should start. There's a lot of
664. 33:26cool stuff. We have rewards for people,
665. 33:29challenges, daily challenges, weekly
666. 33:31challenges, obviously to store your
667. 33:34loadouts, which you can configure.
668. 33:36There's three of them. There's infinite
669. 33:38amount of stuff that we added, you know,
670. 33:41like basically like a traditional game.
671. 33:43This is like Call of Duty almost. Making
672. 33:47it better every single day. New heads up
673. 33:49displays,
674. 33:50HUD changes, new maps,
675. 33:56right? There are there are so many
676. 33:57things and I'm working on new maps, too,
677. 34:00uh, to bring out. So, there are a lot of
678. 34:03good stuff on Frontline. You could see
679. 34:06right here,
680. 34:10Grand Oh, you guys can't see it. It's
681. 34:13covered up because of my camera, but
682. 34:16there's a new Pine Shore that I'm
683. 34:18working on. There's a Grand Hotel that
684. 34:21I'm working on. These are enormous maps.
685. 34:24Service Bay Depot is a huge map. 40
686. 34:27player map. River Ward, which I just
687. 34:29released, is a huge 30 30 player map.
688. 34:34These are all coming up. And again, I'm
689. 34:37gonna try to get some influencers,
690. 34:39gaming influencers to actually talk
691. 34:41about it because recently Call of Duty
692. 34:43just came out. I want to hop on that
693. 34:45bandwagon, get that momentum.
694. 34:51A lot of good stuff. Probably can't play
695. 34:53at work, but it is a browserbased game,
696. 34:57so you could load it up on work and
697. 34:59play. You don't really have to install
698. 35:02anything. It does have to download some
699. 35:04maps and assets, but you don't have to
700. 35:06install anything and
701. 35:09you'll probably bypass whatever security
702. 35:13firewall that your company has if you
703. 35:16want to risk that. It's up to you.
704. 35:19A lot of cool stuff though.
705. 35:36All right, I guess that's it. Not a
706. 35:39whole lot of questions, not a whole lot
707. 35:40to talk about right now. We just have to
708. 35:42see how the day plays out. Got a lot of
709. 35:45things happening this week.
710. 35:49Got that FOMC meeting. We got a lot of
711. 35:52tech earnings.
712. 35:54We got Anthropics IPO. Is that coming
713. 35:57today or later today or tomorrow?
714. 36:02I don't know. I'm a big fan of Anthropic
715. 36:04now. Before I wasn't. I was big Codex
716. 36:07guy, big chip guy. But the last month or
717. 36:11so, two months, two or three months have
718. 36:14really changed my mind. They're they're
719. 36:15really ahead. They really are. Uh
720. 36:20but we'll see. We'll see if they can
721. 36:22stay ahead or not. Chad GBT or uh OpenAI
722. 36:27just raised $30 billion.
723. 36:30So they're valued at 1.4 trillion. We'll
724. 36:34see anthropic
725. 36:36what they do.
726. 36:43All right, guys. Have a good one. Take
727. 36:45care. Go check out Clashpad, Clash Pics,
728. 36:49Front Line,
729. 36:51Ask Clash, part of the Clash ecosystem.
730. 36:55All right, guys. Have a good one. Take
731. 36:57care.