The Wolf Of All Streets - Bitcoin Treasuries Are Booming - Are You Missing Out?

Episode Date: July 22, 2025

►► Discover Bitcoin Yield: https://archpublic.com/ Crypto treasuries are exploding as Ethereum ETFs attract nearly $300M in inflows while Bitcoin sees rare outflows. Todd Shapiro of Red Light Holland joins us to talk about their Bitcoin balance sheet strategy, and why they hired Scott Melker as their Crypto Czar. We’ll also break down Solana’s treasury surge, massive institutional plays, and the future of tokenized public companies with Arch Public’s Andrew Parish and Tillman Holloway. ►► Red Light Holland: https://redlight.co/ Todd Shapiro: https://x.com/toddmshapiro Andrew Parish: https://x.com/AP_Abacus Tillman Holloway: https://x.com/texasol61 ►► JOIN THE WOLF PACK - FREE Telegram group where I share daily updates on everything I'm watching and chat directly with all of you. 👉https://t.me/WolfOfAllStreet_bot ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►► Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities! 👉https://archpublic.com/ ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. Use code '10OFF' for a 10% discount. 👉https://tradingalpha.io/?via=scottmelker Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.io/ Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #ArchPublic The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Bitcoin treasury companies are booming and so are Ethereum treasury companies and Solana treasury companies and Doge treasury companies, Trump treasury companies, and probably Fartcoin treasury companies. But they are not all built the same, and it's important to understand the differences and why this is such a massive trend. On top of that, we obviously have a lot more to unpack with the market.

It's Arch Public Day. It's Tuesday. I've got Andrew here. Tillman couldn't make it because apparently he fell off a dock. Not kidding. But we also have Todd Shapiro, CEO, founder of Red Light Holland, who's been on my podcast actually many, many, many years ago glad to have him back and we'll tell you why he's here let's go We are back for yet another day here on YouTube and gonna fulfill my once a week quota here and tell you guys to like and subscribe because I don't want to get kicked out or unfavored by the algorithm and you need to feed the YouTube beast so I know none of you are gonna do that but I told you to do it anyways gonna go ahead and bring on Andrew and Todd now Andrew, what the hell happened to Tillman, man?

Listen, I don't know if there were was anything other involved other than just absolutely being clumsy falling off a dock, hitting a beam with his legs and when his leg hurts, he can't talk. I mean, that's what I'm taking from this when his leg hurts, he can't speak. So that's where we're at with Tillman today. His leg hurts, okay? Okay, got it. So it sounds like, Todd, what's up, man?

Listen, so we talk quite frequently, but you haven't, I looked back. You were like one of the first video episodes I ever did on the show and I switched from audio. It's probably was 2021 early. Unbelievable. Yeah, man. I mean, listen, I remember discovering you through Twitter, and I reached out because I'm like, this guy is just a dude. And I mean that on like in a nice way, like you're just a guy going out there being genuine, being candid, and obviously,

had a great audience. And it's amazing to see what you've done with that audience. So congrats on that success since. So thank you for having me back. That you're welcome. We're not gonna dig too deeply into it, but Todd was actually the most listened to podcaster on Spotify in Canada. So he has a little bit of experience doing these things.

But listen, we obviously have this major trend going on right now. I would say in Bitcoin, but it's in crypto because it's not just Bitcoin anymore. It seems that every token is getting a treasury company. I have, from the very beginning, been pretty clear that I think there's a major differentiation in the way that these companies operate and are handled.

So I think there's Bitcoin balance sheet companies, which is companies that take some of their available cash and buy Bitcoin with it, just like every human being on the planet should, in my very humble non-financial advice opinion. And then there's people who financially engineer their balance sheets to buy more Bitcoin, and that's effectively their entire business. So here is the, I'm going to bring it up right now, even though I've already talked about before, but here's the reason that we're discussing this today is because Todd and I are doing that. Todd has an amazing company called Red Light Holland, selling some amazing products.

I'll let him dive into that, but brought me on to help him buy Bitcoin for their balance sheet, basically taking a percentage of their cash to buy Bitcoin. And of course, my condition for doing something like that, which is not publicly announced, was, dude, I don't want to be in charge of buying your Bitcoin. We're going to use an algorithm to buy your Bitcoin. And so, guys, that's where we are, right? So Todd, first of all, like, talk about why you want to add Bitcoin to the balance sheet.

Yeah, great. And by the way, I'm long-winded, so feel free to interrupt me. And perhaps let me give you a little context for those who don't know the company. Red Light Holland was the first publicly traded company ever to go public on the basis of selling legal psychedelics. And that's psilocybin in the Netherlands. And that was a big accomplishment,

just to get listed on the Canadian Securities Exchange. And there's, of course, a little part of us on the OTC as well. And that's been five years running now. So essentially, you know, we're about deregulation, decentralization. We're all about really being the people's company. And it's tough to say that when your stock price goes down a little bit because the people get pissed off of you and get pissed off at the CEO who essentially is in charge. Welcome to crypto, Todd. Listen, it is difficult. As the largest shareholder in the company, it's personally very difficult to

see those swings. At the end of the day, though, what was really interesting for us, and the regulatory process is a very difficult one, and we had felt that it would have sped up by now and we're you know love or hate this new administration we're seeing really good movement with the Trump and men with whether it's Casey Means the Surgeon General or or Doug Collins who's the Secretary of the Secretary of Veteran Affairs rather. We're seeing some great progress and I think access to veterans is down the road, RFK Jr. etc. But back to the regulatory process being slow, that also hurt us in the banking industry. So here we were a company raised a bunch of millions of dollars, which was, you know, just unbelievable for me being a rookie CEO on Bay Street at the time, Canada's version of Wall Street.

And we were start to, you know, consider building this really big farm. And that wasn't in magic mushrooms, that was just in regular mushrooms because we do that as well. And as we were looking for lending on the farm project, which was going to do, you know, shiitake, lion's wing, oyster, etc., things you buy at the exotics at your grocery store, next thing you know, the tier one bank pulled our banking. Not only did they not give us the loan for the project, so that was a personal attack on the company and its shareholders and and we felt devastated by that because we're by every letter of the law, you know there's so many illegal magic mushroom companies out there and here we are the ones paying you know hundreds of thousands of

dollars in audits, hundreds of thousands of dollars in legal opinions and and obviously doing everything by these commissions. And yet we got debanked. So the more and more I thought, but I felt like this was a really good theme for the company. We believe in, we champion deregulation

and we champion decentralization. It's all aligned to have personal sovereignty. So we're not going too crazy, but then again, I'm not the expert even though I've been delving in this space for the last decade. I was just saying, we were talking about, Bik, you've been in this for 10 years. It's not like you're out here.

Yeah, so I have some, but in order for me to go to my board and say, let's make some calculated decisions here, that's where, and candidly, not giving financial advice or anything, we felt the best ability for us to do this smartly is being coached into doing it. And that's what every good company does. That's what every great leader does. They bring on people who, who, who can help coach you into areas that they know better than we do. So Scott Melker is helping coach us. And we're entirely grateful for that. I mean, you are just a wealth of knowledge. You're always studying.

And so we're so thankful to have you aboard and we're looking forward to the next steps. Yeah, and so like in the announcement, just so people say, because this is all very, very transparent, it's up to Canadian 2 million in Bitcoin and related assets. So as I call that roughly 1 and 1.5 million bucks. I don't know what you guys do with your funny Canadian money up there.

We don't. Well, you say funny, it's like Monopoly money. It's idiotic. We don't really address that as a real thing, but I'm glad that you guys do because that's great. And to go basically up to tranches of 250,000. So the idea here, like I would say to any responsible individual is to slowly buy Bitcoin over time

until you have a full allocation. And then since you're a company with actual cash flow and income, eventually increase that as you make more money. But I will say Todd, I don't know how private it is. So I'll keep it like in broad strokes. But the minute this announcement came out, let's just say that Todd and I got a lot of phone calls to do this a different way. So a fair assessment?

And honestly, beyond my wildest dreams, it was incredible the outreach that we started receiving. And listen, part of the job of a CEO of a publicly traded company is to get attention on that company. And I wouldn't say this strategy was only a ploy to get attention. But man, to see it come in authentically, and especially knowing we're well capitalized. And with Scott, it wasn't just kind of like, hey, a company pretending to do something for the treasury like this really aligned. So yeah,

Scott, it didn't stop. I mean, it's still not stopping. It's great. And it's funny. And, you know, a lot of people called and said, hey, we have a whole lot of money and you should be a Bitcoin treasury company and spin off your actual business. And I just want you guys to know what's happening in this space and Andrew, we'll jump in here. But like people literally see you mention Bitcoin

and publicly traded company at this point. And they think you're just gonna give up everything you've ever worked on or cared about for your whole life because they'll write a check and turn you into a Bitcoin treasury. The reason is because they simply, Wall Street only sees one thing and they see micro strategy in the model that's happened there.

And why does Wall Street only see that? Because micro strategy keeps going back to the Wall Street only see that? Because MicroStrategy keeps going back to the Wall Street well, which does what? At Wall Street, it generates enormous fees, right? So Wall Street bankers keep handing Michael Saylor money to create new products associated with the equity that is MicroStrategy to buy Bitcoin. We got a new one today.

Yeah, there's a new one today. In case you're wondering, Strategy debuts fourth preferred stock offering called Strach. Yes, right. So I'm like that. I'm waiting for one to be called Stench, right? We've got stretch, strife, you know, all sorts of stuff. Strach, strife, stench, strach.

Strach, if you're. Scratch at some point. Last one will just be shit, and we'll know that it's not worth it. Yeah. But here's the thing. Wall Street will lend him the money. They'll hand him the money to do it, right? It's not going to stop. And so that's the model.

What Wall Street sees, and the reason why you guys got so many calls is ding, ding, ding, ding. If we can convince these guys to do a micro strategy model then we can just generate fees like crazy and then tell them to do the next tranche and the next tranche and the next tranche and the next tranche until that exhausts itself that's gonna be the case again and again and again and again. And again, the pure Bitcoin treasury company plays, agree with you, Scott, that at some point it's a bubble and it will flatten out.

But the Bitcoin balance sheet companies and what Todd is doing, what others are doing, that's where the value is long-term. And here's why the value. We've done studies at ArchPublic because we're working with several companies doing the balance sheet thing. And the truth of the matter is,

is if you have a 25% profit margins in your business, if over the past four years you would have been doing the Bitcoin balance sheet, you effectively double your operating profits, and that's meaningful. So if you're a company and you're generating profits and then now you're adding Bitcoin to your balance sheet and the performance that that also gives you, is that company versus a competitor that's not doing it more valuable or less valuable? And to what degree is it more valuable? Is it a factor of three? Is it a factor of five? Is it a factor of ten? The market will figure that out, but it's definitely

a factor of something and it's more valuable. So Todd's thinking about it the right way. Todd's acting and doing things about it the right way and we're just thrilled to be involved and to do it in an intelligent way. And we're just thrilled to be involved and to do it in an intelligent way, right? To be smart about the way that you purchase Bitcoin. And there'll be some level of programmatic intelligence involved in the acquisition of Bitcoin itself. So I wanna talk about how many treasury companies

announcements we have right now, because I got sent the news this morning and I responded to producers like, dude, it's too much, but it's all the same. Ethereum, oh, this is the next one. Okay, Ethereum Crypto Treasury to go public in 1.5 billion SPAC deal. We saw this one yesterday.

It was the ether machine that launched. Actually I have the chart here. There you go. I'm sure all that volume was totally like natural. And we're just people that were already holding shares before in this company, DYNX. But I digress. Blank check company TLGY surges after raising 360 million for altcoin treasury.

Vulcan, I guess, closes over 500 million private places meant to initiate Bitcoin treasury strategy. DeFi Development Corp raises Solana Treasury holdings to $999,999. So buy one more, guys. It's a million. Buy one more. The name Blank Check Company is objectively awesome, I've got to say. I mean, that is, if you're going to name a company to do what they're doing here, Blank check company is pretty cool. I mean, I'm pretty sure that's literally another name for marriage.

Miracurty Fintech to build 200 million soul stretchery with backing from Solana Ventures Limited. Okay, so listen, we don't really have a plan at the moment at Red Light Holland to extend beyond Bitcoin. I mean, I think you have the mandate to kind of do whatever, but talk to me about a Bitcoin strategy, I guess, versus going down the rabbit hole of all of these other things.

I mean, Todd, I know why you chose Bitcoin, but maybe tell people why we haven't had a conversation yet about a Solana, a treasury company? I would say that ultimately, and it's probably the obvious answer for most is that you want to control the the volatility. And while that's impossible to ever predict in cryptocurrency and in any markets, quite frankly, I would say that while it's not considered necessarily a stable coin, you can kind of like work with it,

and especially when you start thinking of working with Ark and Andrew and the team and stuff, there's ways to kind of buy on the way down potentially, maybe sell on the way up, maybe, you know, maybe increase your position. So there's kind of a strategy, enough of an algorithm built in for people to, I guess, mitigate the risk. And there's always risk. And, you know, it's one of the, quite frankly, one of my board members said like, there's gonna be some risk on you doing this. And I said, well, it's one I'm willing to take because look at all the companies, A, doing it, but B, I think, much like I think about psychedelics, and I try to align the two too. I mean, I believe that probably a lot of your audience has tried

psychedelics. I also believe a lot of your audience has tried psychedelics. I also believe a lot of people have tried purchasing Bitcoin, not necessarily altcoins right now because they're a little more difficult to get, they're a little more unsure about them. And why I align those two is, let's ask people in five years,

how many more have tried psychedelics? How many more have tried buying Bitcoin? And I think it's just kind of like this, there's a lot of people in this world and there's a lot of people looking for personal sovereignty like I said. So, you know, people will do this stuff responsibly and do it with education and do it informed. And I think Bitcoin, you can do it most informed with. And when it comes to psychedelics, I think that's a key. I know it's corny and cheesy for me tying these in by the way, but that is a key for people

using, you know, a banned substance right now and 99% of the world is that you want to make sure you do it informed and responsibly and Bitcoin provides that to not just for companies, but it provides it for you know, just your regular everyday, no new purchaser. Yeah, a few years ago, I thought Bitcoin was gonna be a banned substance in 99% of the world. So it really does, I think, resonate with anybody who's here. So for me, as I've been thinking through this a lot more and being pitched more and more of these things,

it comes back to the balance sheet versus treasury idea. I don't think you can have a balance sheet company for any other asset. I think Bitcoin's the only one that people can say, listen, I want my company to be holding this in 50 years. Right? You can build a treasury company around these others actually though. And I would argue as I'm thinking through it, that might be a better trade

even than Bitcoin treasury companies because beating Bitcoin is almost impossible, which is what Bitcoin treasury companies to do. But like maybe doing some financial engineering to beat Solana is actually easier for these companies. Well, there are, there's the ethos of the why of Bitcoin and then there's the reality. Right? So I wouldn't go so far as to say that, you know, Larry Fink and BlackRock are somehow, you know, co-joined in the ethos of the why of Bitcoin. But then there's also the reality and the reality is is that Larry Fink and BlackRock believe that Bitcoin is going to 500k to 700k. Like that's a reality.

It's their biggest product if you are Anti-bitcoin anyway, if you are skeptical of Bitcoin you are taking the other side of the trade of Larry Fink Like that that is not a reasonable position to take so to that end Putting yourself in a position to add Bitcoin to your balance sheet as a company or as an individual, frankly, is a very, very smart trade. And it's the kind of trade that is now has a high floor and high ceiling.

And those are the best trades to take across every financial market in the history of mankind. High floor and high ceiling. Bitcoin ETFs, forget about Treasury companies and even balance sheet companies, the largest inflows are still coming from Bitcoin ETFs across the board. So there's your high floor right there. Your high ceiling is just the nature of Bitcoin in totality and the additional inflows that are coming from treasuries, from balance sheets, nation states, states like Texas. None of this is slowing down. None of it is slowing down. So adding it to your balance sheet again is adding additional operational profits To your business and it's a it's a no-brainer

It's very easy to have the conversation with your board or shareholders and say guys I get it I understand the questions, but here's a picture of Larry thinks face. He believes in it he pretty good he's pretty good at making these kinds of calls and he is doubling down again and again and again and almost turning into the CMO of Bitcoin. So I don't know, maybe we talk about the big Black Rocks or Tom Lee's or you know, we can go delve into the really big names behind the space, but how many more just again, I say it, regular Joes and Jill's are coming up to you or reaching out to you and saying, hey, how do I buy or like, I just want a part of one. I just want to, if people are still learning by the way, you can still just buy fractions of Bitcoin. Like this is

the stuff that amazes me for as long as I've been talking about it. And as Scott mentioned, you know, when I used to have an old radio show, I mean, I talked about this relentlessly like it was nonstop back in 2013, 2014. I hosted conferences in 2018 in Bitcoin. But it's amazing how many people are still discovering it and finding out how to do it. So in your thoughts, like, is that a wave that is coming as well, do you think?

Andrew, I would love you to take that one first. Yeah, so you're absolutely right. So to give you an idea, across the world of wealth management, just Bitcoin in general is not readily available. If you're somebody who's worth $3 million and you've got a two million dollar account at UBS right now, you can't go and buy even access to the ETFs without having to jump through a bunch of hoops. Not to mention buying spot Bitcoin. You may not even know how to do that.

So there is several other levels of discovery that are coming, like no question about it, right. And so that, that investor class of 50 to 75 years old, they're putting themselves in a position to where maybe I should, you know, 1% of my portfolio, maybe even 3%, that's why BlackRock, not only Larry Fink, but in their you know, the white papers they put out the research papers that they put out, they're talking about 1%, 3%, 5% allocation, because they're speaking to the investor class. I'll give you another idea. Rick Edelman,

who's the largest RIA guy on the planet. You took my thing. I talked to him yesterday and I was gonna tell you all about it, but you go first. He's my podcast for Sunday. Yeah. So basically Rick has said, and Rick, by the way, is the Larry Fink of financial advisors. Like 70% of financial advisors don't work

at Morgan Stanley UBS and Merrill Lynch. They work for other organizations that most people that are watching this haven't heard of. But that's the reality of financial advisors. Rick Edelman is there Larry Fink because he went from zero to building a 300 billion dollar practice. Like extraordinary. Right. Well, to his point, he's basically like, if you don't give your clients access to Bitcoin, you are short Bitcoin, which is a terrible idea. Right. So his commentary has been you absolutely should be at three to five percent, even 10 percent Bitcoin allocation. And he moved that up and said in the last couple of weeks says, you know, call me crazy, but you should have 40% allocation to Bitcoin. So there are levels of this that have yet to hit what I would call high net worth and another phrase that's used in wealth management called mass affluent. Mass affluent are people that have like 300,000 to 900,000 in investible assets, right? That Bitcoin and what Bitcoin is and why they should be in it

has not materially hit that investor class, but it's coming, it's gonna happen. I literally talked to Rick yesterday for an hour. I was yesterday years old when I found out he sometimes watches us on this show. Yeah, awesome. Yeah, and he was like referencing things that have happened on the show and newsletter.

I was mind blown because he is, I called him the Michael Jordan of advisors. That was a good way to warm it up. You know, like the first question, I hear you're Michael Jordan. You're going to have a good conversation after that. Right. But he said exactly what you did. And he thinks that there's a humongous wall of people that want access and still don't even have it, as you said. So he obviously, he said it's even worse, I think, at the large umbrella RIAs, the Schwab,

Morgan Stanley's and, you know, all the big names. But even for the ones that are not under the umbrella, the guys who want to do it usually have to go to like the boss who's 65 and is like, why am I going to take the reputational risk of unlocking this now when I'm retiring next year? Yeah, and the other thing that's interesting, I find when we talk about sort of an older generation getting into it, by the way, I'm old too, hence doing a podcast in my bedroom

because I got a five-year-old downstairs not wanting to interrupt this. Mine too. The interesting thing is a lot of my friends who are, I'm 52, who are sort of in their 50s and 60s are still inquiring about it, but they have kids who are actually like 19, 22, and they're buying Bitcoin.

And they're like, they're teaching their parents on how to go to an exchange like Kraken or whatever it may be and saying like, listen, this is how, just the idea of learning how to do it is interesting as well transactionally, and just understand the protocols. And I think the education aspect of all again, for the regular people out there are not talking about the Black Rocks in the world. But I think it's an important thing to learn. Like, so you put in 100 bucks, you have like very little to lose, or you know, a few hundred bucks,

whatever. But understand what it is to hold it in a wallet to get your address too. And I think it's literally like you think of financial education, that should be mandatory at this point. Yeah, he said, I asked him, I said, listen, you've been writing about this since 2012. So he actually has a huge organization for years.

It's been educating RIAs on crypto, like very quietly. He's been a bull, but even very quietly, he's been a bull. But even in 2021, he said 1% allocation. And Andrew, we've talked about this thousands of times, we're like, God, we would kill for BlackRock to say 1% allocation. They're now saying three to five. And I was like, why did you go from one to 40

in four years? And he said the same thing we've heard many times here, which is at a risk adjusted basis, Bitcoin is the cheapest and safest it's ever been now because it's not going to zero and it's not going to be a banned substance. But he said, because exactly what you just said, Todd, you get your feet wet and you never go back. People don't become anti-Bitcoiners who own it and watch it go up over time and feel what it's like to have it.

But he said, listen, I can sell somebody, anybody on taking 1% and saying, listen, if this 1% 10X is great, you like rebalance and you've made money. If you lose 1%, you won't even notice. So to him, it was like he wanted to say 20, even in 2021 or a higher number, but he wouldn't say it because he thought that that wasn't the time. But now he's literally saying 40% if you're aggressive. And he's right about, you know, the risk adjusted stuff. There's never been a $2 trillion asset in the history of US markets that's ever failed. It's never happened. That was probably my favorite quote

that I heard at the Bitcoin conference. I happened to say it. So that's of course why it was my favorite quote that I heard at the Bitcoin conference. I happened to say it. So that's, of course, why it was my favorite. I was there. I was there. But it remains true. Like, there's never been a two trillion dollar asset that's failed or gone to zero. So the risk adjusted portion of that conversation is reality. And again, I come back to this truth. You know, BlackRock has done the math.

They're putting their name on papers and on research that say if we get to 3 to 5 percent allocation across a larger swath of high net, you know, high net worth portfolios, Bitcoin absolutely is going to five to 700 K and that's probably a little bit light. So it's almost written in the scrolls. Like we're, we're getting there. We are going to get there now. Now what the pathway looks like and the timing and all that stuff is fine. But we, we are going to get there. We just are. So it's very good. Putting it on your balance sheet is is it's a no

brainer. No brainer. We appreciate that. And listen, it was it was through a lot of corporate governance and meetings and pitching and showing hopefully potential results. I have to be a little more careful when I talk about it. But is it safe to say at least sorry, the older interviewer is coming out of me thinking to ask the question, it's not just answer, but is it safe to say that the stigma should end

around Bitcoin? Like it used to be talked about in investment as a hedge, you know, as a store of value only, but like at this point, is it safe to say that, no, it's just part of your overall portfolio? I kind of said that to him as well. And yes, I think for Bitcoin, yes, but I think that the beauty of Bitcoin is that it can be anything to anyone, there's still going to be the

people who buy it because they're libertarians and want to self custody and multi sig and opt out of government nonsense. The majority of people if Bitcoin is going to a million bucks are going to be people who like have it in their IRA or 401k as three to five percent through an ETF and it works for all of those and it works the same for their portfolios for a government an institution or an individual but like it's a ticker on CNBC next to Tesla and Amazon right every day This is it's not going anywhere and now aetherium is too and maybe Sol Amazon, right? Every day. This is, it's not going anywhere. And now Ethereum

is too, and maybe Solana, right? So we're kind of seeing it slowly trickle in. Yeah, the stigma is going away, Todd, to answer your question even more directly. And again, the reason why it's going away is anybody I saw a post by somebody and Lin Alden absolutely ratioed the shit out of that post. And because it was like, oh, you know, Bitcoin bros or so, whatever, you know, it's just number go up. And Lin Alden, you know, basically said at some point, number go up over 16 years is, you know, fairly it's reasonable to consider. And and so so that's the narrative route.

The narrative now is, you know, if Larry Fink and BlackRock and Fidelity and, you know, Bitwise and, you know, Franklin Templeton, if all of these firms are breaking records associated with assets being allocated to their Bitcoin ETFs. The argument's over. It's now an asset class in the world of traditional finance, period, end of story. And so all you have to do whenever somebody is making an anti-Bitcoin argument, you just say, listen, I appreciate your thoughts,

but you are taking the opposite trade of some of the smartest minds on Wall Street. And generally speaking, that hasn't worked out. When was the last time, by the way, Larry? These guys are just getting here. Yeah, they're just getting here. For anybody who thinks it's the top, listen, I don't know, like maybe for the month

or three months, six months, I have no idea, where price good, but these guys are just arriving. Brandon Lutnick from Canter Fitzgerald just said yesterday he wants to convert the entire Canter Fitzgerald strategy into investing in Bitcoin treasury companies. They're not doing that because it's the dead top. There's a very long runway.

Let me show you, I just know you, Andrew, before you jump in, let me show you a few things, because I want your comment on this. Yesterday, I don't have the story here, but Charles Schwab said they're gonna allow spot trading for Bitcoin and Ethereum. Charles fucking Schwab, Chuck, right? But forget that even fact, it's the way they talked about.

They said, A, we're gonna compete with Coinbase, and B, we want it to be a part of everyone's portfolio that they can do all the things they do with their portfolio. That doesn't take a genius to figure out they mean lending alongside your securities. Buy, borrow, die. Well, what announcement did we get today? I don't know if you saw this. JP Morgan explores lending secured by clients' cryptocurrency. So, it took all of three days for Jamie Dimon to shit his pants when Charles Schwab announced that this was going to happen. Oh, by the way, Apollo's private credit trade finds new audience on blockchain, giving crypto native investors blockchain based access to their private credit strategies through a

partnership with securitize. I know that's a word salad, but huge. And of course, Citadel, this is my favorite securities, asked SEC to tread cautiously on tokenization. If you listen to Ken Griffin and their comments on this, they basically said, slow down, bro, because this is gonna fuck us if you don't let us catch up. Right.

But yeah, we know it's coming, but calm down guys. You need us. Well, you know what's amazing about that is, I think back to when probably we all started talking about it and that word disruption came up a lot, right? And how it's disrupting the system and how eventually people will transform and get involved in it.

But you're right, like at this point, Scott, it's that sort of domino effect. It's all the big names are now, like all the big names are involved. And if they're not, they're upping, they're upping and getting more involved. So what does that do then to eventual liquidity? And I ask this because you see the odd story where a crypto whale held on for the last

15 years and sold X billion worth, but it doesn't seem to affect the price anymore. Like is that what's going on? Guy sold 80,000 Bitcoin last week. Guy sold 80,000 Bitcoin last week. We had people talking about it in the comments. What about all the OGs who are currently selling this guy said what oh D is the one that sold 80,000 He literally sold 80,000 Bitcoin onto the open market via galaxy and maybe price I don't know if it affected it, but we got down to what 116 or something We're ranging in a 3% range, but I can tell you a lot of these guys have cashed out a

But I can tell you a lot of these guys have cashed out. A lot of them. And who? I fucking blame them, right? Like if you were an original OG Bitcoin libertarian from 2010, or like F the government and Wall Street, and you bought Bitcoin for five cents, now you're worth 10 billion, and we're talking about JP Morgan and Charles Schwab,

this might be a good time to like take some chips off the table. And I'll tell you, most of them are doing it by sending their Bitcoin into treasury companies. That's selling with street credit. You don't have to say anything. Commenting on- Interestingly, sorry, Andrew, it's- Go ahead.

Imagine how many early private investors in Tesla, in Apple and Google, like you don't think those guys would have sold as well while prices went up. Like that that's a common difference. It's not like a whole community that like knows they did it transparently and hates them till the end of time for actually caring about making isn't that interesting. Principally the reason why, you know, all the headlines that you just talked about Charles Schwab Apollo Citadel JP Morgan

They those organizations in their current life cycle. They're reactionary, right? They're they've not been in a position to act versus react in a long time because they're big they're large For a long time they thought they've set the agenda But here's the reality that they're coming to terms with. Coinbase has a hundred and twenty million customers. JP Morgan, the biggest bank on the planet, only has 86 million. So that's the truth, right? Coinbase from a eyeballs and wallets standpoint is bigger than JP Morgan. It's 2x bigger than Bank of America, right? So these changes and additions, it's 10x bigger than Charles Schwab, by the way. So these changes and updates and we got to do this and we

better get there now or else none of these customers at Coinbase are ever going to sniff Charles Schwab or JP Morgan. They don't care and they're not going to. I'm telling you right now, Coinbase is going to get a banking license within the next 18 months. Absolutely no doubt about it. Okay. So- Do you know what Coinbase did get yesterday?

Okay, go ahead. Finish. Go ahead. So why, if you're a Coinbase customer, irrespective of all the things that if you live in the silo of crypto is negative about Coinbase, forget about all that. From 50,000 feet, you're a Coinbase customer, you have access to everything you've ever needed

other than walking into a bank branch, right? So people that are 30 years old have never essentially been in a bank branch. They also don't know how to talk to people in real life. the there's a new- Robinhood already has their banking partnership announced a few months ago, it hasn't launched, but to your point, they're all doing it. So is there a better chance that Coinbase leaks customers or JP Morgan leaks customers? We know the answer to that. So that's the reason why these 200 year old organizations or 50 year old organizations are scrambling around crypto.

Right. It's the truth. Yeah, Todd, I know you're about to jump in, but I want to show you what was like the biggest news ever that went wildly underreported. You can trade perps on Coinbase. Perpetual futures have arrived in the U S for Bitcoin and Ethereum Coinbase up to 10 X leverage, I believe now is full on like bitmex You can go on there and trade perpetual swaps and you can gamble away all your money

That would have been the biggest news of the year that have been the biggest news of the year two years ago Leverage on Coinbase up to 10x and not just like CME futures perps, this is absolutely insane. And it's like, whatever dude, genius act. But Scott or Andrew, how much of that stuff or, you know, call it the pumped off funds or whatever it may be like, how much of that still fears you as we were talking about any stigmas earlier, like, you know, how do you, how do you kind of guide people into like what we think

is safe here or truly, hey, you're gambling. But by the way, like, you know, how do you, how do you kind of guide people into like what we think is safe here or truly, hey, you're gambling, but by the way, like you can gamble, but just knowing gambling is sweet. By the way, so so perps is not gambling, even though we hear, you know, 10x or whatever it is. The truth of the matter is, is that people in crypto use perps is gambling just yeah, that's true product itself. But the 10X type of thing already exists in the world of S&P futures and the futures, Dow futures,

right? And so that already happens. Like at a place like Trade Station, if you're going to trade within a day or two, they're going to give you essentially 10X leverage on your position. You're only going to have to post 10% of that position to be able to trade 100% of that contract.

So that's already inbred into the regular financial system. This is now crypto again catching up. So if you're able to do that with Bitcoin and Ethereum over time and there's additional volatility, of course, with no version of it going to zero because assets of this scale don't go to zero. So if you're doing it with extra volatility, where are all the assets going to go? Where are all the trades going to go? They're going to migrate away from traditional futures.

They're going to move to perfect. Of course. And this is why- Why 47. Yeah, this is why these legacy organizations are, you know, if they're not having lots and lots of meetings, they're falling behind really quickly. Well, I would love to be-

The funny thing about this is this isn't, yeah, go ahead. Oh, sorry, Sky, I apologize. I was just gonna say, I'd love to be one of their compliance guys, like a fly on the wall to hear them because- That's what you want to be. I want to be the fly on the wall for the compliance guys at E-Trade, like TD Ameritrade and E-Trade

and stuff who have seen Coinbase now do this because I was just gonna say, perps were built in crypto. You know, Arthur Hayes, obviously, at Bitbex, but it's not a crypto product. It can be used to trade anything, and it's just a much better and more efficient way to trade futures and use leverage. And by the way, if you use it responsibly, you're using it to hedge against a cash position. There's nothing gambling about that. And you could put 10% of the money you would have had to put on an exchange to trade this at 100% spot. So you have reduced the counterparty risk of coins on exchange if you're a believer in self

custody. So it is a much more efficient, better way to do this. And you can very transparently, every eight hours, see where people are positioned because shorts are paying longs or longs are paying short based on the funding rate. It's just a better product, but this is also a better product for trading Amazon stock and Tesla and Q's, right? So it's coming. By the way, does that amaze you every day about, you think about sophisticated investing and you think whether it's institutional or retail, but how many retail investors, men, women, it doesn't matter of all age groups, are very fucking sophisticated, right? Like without any formal education or it's,

that I love as well, like that people have taken, you think of the power of the people, the power of personal freedom, the power of your own health, the power of whatever we want to do and the power of investments. But you can learn this stuff. It's quite inspiring actually.

It is. The only thing that concerns me is at the very core, you should not, and this is why I'm a Bitcoiner, you should not have to learn how to invest just to beat the devaluation of your money, which is what literally everyone has to do. Like it's so easy because you just buy Bitcoin and you denominate your life in Bitcoin and obviously you don't worry about inflation anymore. Your thousand Bitcoin house is 100 Bitcoin house now, right?

But like to expect that your average individual who's making, you know, 20 bucks an hour or whatever is going to find a way to take the full-time job of beating that devaluation by becoming a savvy investor is really, really, really, really hard. And that only exists because of inflation. If your money held value in this world, you would never have to invest in anything. Fair enough. But with that being said, if it's a time thing, Scott, I don't know if that's what you're

referring to in terms of time spent versus time working. Yeah, I'm just saying if you're super busy if it's a time thing, Scott, I don't know if that's what you're referring to, like in terms of time spent versus time working. Yeah, I'm just saying if you're like super busy, it's really, I agree with you. Like it's amazing that people can't, you can do all the things you used to need in Investment Advisor or one of these companies. Or how about just don't watch that Netflix series, you know what I mean?

Like there's, I don't know. You find the time for the shit that matters. Money matters. I mean, yeah, absolutely. But like these products, I guess the overarching point here is that all of the things that you can do in crypto and all the things that you can do in Tradfire are finding very quick match. Well, and crypto innovation is pressing traditional markets. They are pressing traditional financial institutions.

They are pressing the markets themselves. They are pressing the quote unquote institutions that make up the markets, right? The exchanges themselves, pressing them to go to 24 hour trading, all that's gonna be, two years from now, the conversation will be very, very different. And the way that it will be different

is that so much of what we understood crypto to be, 24 hour trading, tokens, securities versus non-series, all that stuff will have migrated to traditional markets and they effectively won't turn off. Again, most people don't know this, but again to perps versus futures in the traditional markets, futures trade six days a week. They only turn off from the end of trading on Friday. They turn back on on Sunday in the afternoon. So Sunday to Friday, they're trading 24-7.

They're on. If you want to make a futures trade, you can do it at 8.30 at night. Now, liquidity is limited to say the least, but they're on. And so some of this stuff already exists. People don't know about it. So the migration of it and the pressing of changes Will happen it is pretty remarkable that no meaningful change has happened in in finance and let's call it the past You know 30 40 years, but it's all happening effectively in about 30 months right now

There's gonna be a massive massive change that happens in a 30 As the as the CEO of a publicly traded company, of course, Red Light Hall. And even though it's really just on the smaller exchange, on the Canadian Securities Exchange, and we're not even the TSX venture, we're not the national. You guys count, I was kidding at the beginning.

You guys count. No, and we count, yes. But I beg and plead for if it ever goes 24 seven trading, I think every CEO, every company deserves But I beg and plead for if it ever goes 24-7 trading, I think every CEO, every company deserves much like a baseball season or a hockey season. You get a week off. Like you just get a week, like you're allowed to choose on any week of the year.

They would not trade. So you shut down on a Friday and you don't open up to a week Monday. Give us a break because it's tough to keep score every day. That's the stuff that when you're on this side, especially when things aren't going great at times, you never wanna be a part of something that's like a losing team.

You only wanna be going up clearly. So sometimes people deserve a break. Your business is so beholden to the general environment around the industry and not to the specifics of your business, which by the way, like anyone who's ever traded altcoin knows that if one goes down, they kind of all go down generally when it's bad. And we all know that that's been the case for the crypto industry in general. It's like if all the regulation is going against you for four years, for example, like everybody

just stops operating, you know, and things just look bleak. Well, you know, for red light hall and what, you know, and things just look bleak. Well, and generally, you know, for Red Light Hall, and what, you know, if you don't mind me just talking about the company, what we're most proud of is, you know, when you go public and you wait a regulatory process and you hope that changes are coming,

more positive news flow will be happening in this space. And most importantly, we're a mental health company. Like we want to help human beings. We want to get access to veterans. We want to get help for those people in post-traumatic stress disorder. Like nobody sells recreational product, which we do in the Netherlands as responsibly as we do with tele-counseling support, with community events. You know, we really care about the end consumer with contraindications labeled on the boxes that most people don't think to sell them. Like, so self-regulatory. But relating that back to how that works for longevity in the stock and things is we are cautious with the cash because in an era of raising capital, you would just go, boom, didn't matter,

dilute, raise more, keep going. And at some point when you have a good horse in the race, which we do, I think like 40 companies went public when we went public in our psychedelic sector. And I think only like six or seven remain right now. And if you were to look at runways in terms of cash burn per quarter, we feel we're doing it extraordinarily well

while increasing revenue. And of course, making a big difference, partnering with Dr. Robin Carhart-Harris, doing partnerships with Arizona State University, getting product from the Netherlands from an FDA and DEA quota into a FDA and DEA compliant laboratory in California to advance product and standardization. So, but you've got to do these things slowly.

And did the Bitcoin people feel that way sometimes? Did they accept that things were going to just, you got to kind of sit back and the rest of the world will hopefully catch up? Yeah, I think you have to evaluate the term slowly because we've been fighting this battle since essentially, you know, 2012, right? A reminder that the Winklevoss twins at Gemini, of us twins at Gemini, they applied for a spot Bitcoin ETF in 2013. The spot Bitcoin ETF was finally approved in January of 2024. So nine years late, no, excuse me, 11 years later, it was so so to your point, done the work of the ups and downs, done the work of trying to do it the right way,

done the work of finally getting into a position where it's undeniable at this point. The wave of innovation is undeniable. And we find ourselves, what I like to call the Renaissance of crypto, we're in like to call the Renaissance of crypto. We're in the Renaissance of the space right now. We have, you know, regulatory wide open spaces. We have innovation happening like crazy.

We have companies popping up all over and we have adoption based on nothing more than usage and ownership exploding across the space. So never been better to be here and certainly have put the work in over time. No question about it. But, you know, certainly it's frustrating. I mean, the previous four years and the regulatory just absolute, if you were a crypto company of any scale

that was meaningful in any way, shape or form, you got sued. Period. End of story in the United States. Well, notice, notice, it's like Oprah with the giveaways. Instead of innovation, it was how much money do we have to be able to pay lawyers to survive? That's what it was, which, you know, I assume, in your industry has been the case to some extent over periods of time. Right? How do we survive? How do we not only exist as a business, but based on regulatory environment, sentiment, all those things, there were stretches where, hey, it's just about survival. It's been the same thing in crypto. Now here we are. Right? I'm not a big fan of the Where does this sort of US digital dollar start coming into into play like as a sort of true?

Kind of the you know way that's forced upon everybody but in a digital system is that still in the works? I mean that's been the one of the huge conversations of crypto week on Capitol Hill last week was Actually, the biggest point of contention was putting in language very specifically that was anti central bank digital currency. That didn't happen in the genius act, but they act passed that is specific to that. Trump just did not want it in the genius act. He didn't want it to mud up mud up mud up muddy up the waters of getting that done. But yeah, it's a huge point of conversation. Let's be honest, I think private stable coins regulated in the United States can operate like central bank digital currencies without the Fed actually issuing one themselves.

But I think on the positive side is what stable coins do is just unlock a massive wall of capital around the world that's been unavailable to financial markets. I think that's kind of the bigger story with stablecoins. Here's an odd question maybe. Is there ever a coin that is symbolic, especially in your country, you guys are really divided. Is there ever a coin that's symbolic of kind of your party representation? Yeah, Trump token. You know, I bought that Trump token, by the way, and I like I put in like a few grand into it and I made money, but I was actually really disheartened by that. I really want to because you know, you felt like wow, he's he's pro crypto, the amends

pro crypto. But like, like, and then there's like the millennia coin that a rug full again, I'm just talking as an average guy. That's why we have Scott, you know, like, and then there's like the millennia coin that a rug pull again, I'm just talking as an average guy. That's why we have Scott, you know, working on our team and Andrew you helping us out as well at Red Light Home because as we're not working on a Trump strategy. No, no. So a couple of things with that, right?

So, you know, free markets, right? So can do that. There's not been a rug pull. They still exist. They haven't done well, not expected to do well. But free markets exist. Right. So to your point, is there a

coin that kind of represents one could make the case if you were to pull the let's call it politics up and down the chain, social, economic, all those things of Bitcoiners, certainly we're going to skew a bit to the right. I think that's a truth, right?

But at the same time, you know, does something embody, you know, one movement or another? We certainly haven't got there. But you know, Bitcoin in and of itself has been a you know, started out as a very libertarian movement, a cypher punk movement. And now here we are with BlackRock and Larry Fink being the, you know, the de facto leaders of the movement. So things change and shift, no doubt about it. Is there ever a world, a scenario though, where if there is this, you know, more of these stable coins and US digital dollar and stuff that it, where it works on the blockchain, where it's like a smart contract for taxes or for charitable donations or something,

is that kind of where it's headed? Yeah, I just think, yeah, I absolutely, that's the case. The reason being, Genius Act and all that stuff, everybody is excited, oh, stable coins and blah, blah, blah, we're gonna make sure it's, really all we're really talking about is settlement, right? So now that stable coins are a thing, that's gonna take, it used to be,

10 years ago, settlement was T plus three. So if you sold an asset of security or something that was associated with an exchange, that took three days to settle. Then it went down to T plus one. Stablecoins effectively make it T zero, right? As soon as you sell something, immediately it can get moved one way or the other. That will get integrated into the overall, get integrated into banks. That'll be just another shift in banking that will happen. That for all intents and purposes now is legal

and okay for that innovation to happen. Now. Hey Scott, what's the weirdest request you've received from someone about just Bitcoin? Like I said, not weirdest request, the strangest person that approached you and you're like, I didn't think this would ever happen. You have a story like that? I wish I did. I'm trying to think. I mean,

you're just a very strange people in crypto. As I tell you, it's more on the negative side. We've definitely had the like the market went down. It's entirely your fault. Like I'm coming for your children's shit, which is not very entertaining or whatever, but a very big part of this industry and being a transparent, non avatar human being who's actually advocating for this stuff. So it comes on both sides. But listen, I mean, I would just say that broadly, like when you get in a battle with any of the really diehard communities. Think like XRP Army, Link Marines back in the day,

the Hexicans, like. Cardano. You can see some wild, wild comments and people have very like extreme beliefs about the asset that they love, which is frankly just because they're massive bag holders and need to know. Yeah, it's not too dissimilar sometimes in the in the micro

cap. 100% Yeah, yeah. You said that this stuff was good. Now the stock is bad, but the stuff is still good, man. Like, give me a break. Yeah. So Todd, Andrew and I usually talk about ArchPublic at the end. Andrew got a few more minutes, Todd, around because I want I want Todd to see this, you know? Yeah.

In my active pitch. This is not what we're gonna be doing, but this is actually, correct me if I'm wrong, but Andrew, I brought this up because you had sent it to me not for the show, but randomly the other day. Yeah, it is just our futures algorithms, which by the way, are tax advantage way

to trade traditional markets. And our algorithm- It's not crypto traditional markets. This is not crypto. Yeah, this is not crypto. This is another side of our business that frankly, we've made people have to qualify for this part of the business, but in the last 50 days, so June and July, we have 10 futures algorithms, right? So in the past 50 days, these are the returns for our futures algorithms, up to 18% and as low as 4%. None of those 10 algorithms have gone down. And collectively, by the way, and there's, you know, we can do math and about how you're allocated,

but that's more than a hundred percent in 50 days, right? If you were allocated equally to all those outgoes, that's more than 100% in 50 days. So extraordinary, extraordinary, extraordinary stuff. And that's on a part of our business that's smaller than the crypto work that we do with Bitcoin, Solana, Ethereum, XRP, and SUI. These are binary outcomes, right? Take a trade, exit a trade, what's the return look like after that happens? And I think something like 37 of the last like 42 trades across all 10 ALGOs have been positive. Just exceptional stuff. Our team is constantly optimizing our products. So our development portion of our business,

their work is only creating product and then making sure that that product is optimized as often as humanly possible to make sure that they're keeping up with the dynamic markets that they exist in. And so our customers are extraordinarily happy and thrilled. And then of course we get to the crypto side of things. And as an example, right, so our algos were buying in the middle of the night at 77, 78,

79 at the height of the tariff panic. Our algos were buying at 98, 99 when the United States bombed Iran. And where are we at now? Well, we were at 119 and then we went to 117 in the past. In the past. But they sold at 120.

By the way, for those who are actually using the arbitrage one, not just the dollar cost averaging, I hope you've noticed they sold the dead top and were buying again. Yeah, no question about it. And then for example, with Solana, right? So Solana, I think, was up above 200 earlier today. We were buying at 106. And again, it's completely hands off. So you hit click, you plug in,

and then if you're buying at 106 at 230 in the morning while you're sleeping, the algorithms, that's the whole point of algorithms. They're doing it for you. There are rules and there's math behind all of it. I mean, effectively, almost got a double inside of a few months. So, you know, rules matter. We are effectively way ahead of the curve. The truth of the matter is, is that as larger and larger and larger institutions, and as the crypto market grows and grows

and grows and grows, what happens in traditional markets? So there's nobody left at the CBOT. That floor doesn't even exist anymore. There's nobody left on the CME. There's nobody on the NYSE floor. It's all done algorithmically. 80% of all trades in traditional markets are done algorithmically. That doesn't happen in crypto, but it will. So we're ahead of everybody. So if you're using our products, you are ahead of everyone you're trading against because crypto markets haven't got so big that the Black Rocks of the world, the JP Morgan's

of the world, even the CoinBases of the world haven't figured out the ability to accumulate positions algorithmically. We'll get there three to five years from now, that will be ubiquitous, no question about it, but we're the only ones doing it right now. We're the only ones that can talk to you and say, what do you want to get accomplished? Do you want additional cash yield? Do you want to accumulate and do it intelligently? Do you want to do five versions of both across six different symbols?

Yes, is the answer to all of those questions. We'll figure out how to do it with you and our staff are absolutely incredible for the service. You're a way better. You're a way better people can want, right? Like you get to get to rest again. That's right. That's exactly that.

That honestly, man, like not watching the charge 24th, 7, 365, like every person who uses it, the best tweets, like John Deaton, obviously, who does it, he was always like, I woke up and I had four emails and apparently I'm a god-tier trader because I bought the monitor at 3 a.m. You just can't do it. Like, if you're going to trade, you can't do this 24-7, 365, and crypto a lot can go bad when you're sleeping. The top 20% of our clients are our biggest. Across the board, they basically say, this has shifted the way that I think about my crypto positions. I almost have gotten to the point where I want them to go down a bit because I know I'm going

to buy those dips where emotionally I would not have before. I would have questioned myself. And certainly at the tops, like at 123, selling when across crypto Twitter, we're thinking we're going to 125, we're going to 130. It's happening now, right? Who pulls the trigger at the top of a green candle? Emotionally, nearly impossible to do, but algorithms do it for you.

They don't understand emotion, doesn't exist to them. That seems like Skynet. Until we get to the most robust robots are coming for us. Yeah, let's use the good Skynet before we get to the bad sky. Hey, maybe we're the first renditions of that. Okay. And they're just increasing. That's right. That's right. Well, you guys could find this at archpublic.com of course. And I mean, shit, you hear us talk about it every week, we show you the results every

single week. And you know, how often do you see me use it promote something? Right. And this is the reason once again, like going back to the very beginning, we're gonna we're gonna wrap a bow on this red light Light Holland announces Bitcoin balance sheet strategy and named Scott Melchor as lead cryptocurrency advisor. One of these called me the Crypto Czar, which I thought was pretty cool, to be honest.

I love it. I've never been a Czar before. Oh, sorry, I keep interrupting, man. We're so grateful. I love that about you. I need you. We need your energy here. It's great.

Oh, great. Well, listen, maybe one day you'll have me back. And what I really wanna see is there's an alignment alignment between micro dosers and magic mushrooms and traders, because I think that's a thing. I think that's an actual thing. Probably. Yeah, we're gonna we're gonna build on that. We're gonna get high.

Okay, we're not we don't talk about that. Yeah, we're gonna godmode some mushrooms and just as ArchPublic trade for us. Don't be able to look at the charts. Yeah, perfect. Oh, wow, we made it to 10.07 guys. God mode some mushrooms and just says ArchPublic trade for us. Perfect. Don't even look at the charts. Yeah, perfect. Oh, wow, we made it to 10.07, guys. Check out ArchPublic, of course, and also Red Light Holiday. It's a lot of compliments for you in the comments, Todd.

I think you should just be hosting a show here. You don't need us. Listen, you know what's funny? Quickly, I was nervous. Well, they say you need your 10,000 hours. I have like my 5000 shows that I've done in the day, but I was actually nervous coming on here because one of the things about the crypto community is you can't bullshit them right? Like you can't so you it's kind of

reminds me of the comedic community to like when you're a comedian, like they smell bullshit really quickly. And so I was like kind of nervous because you know are, big company, lot of money, like really well known company in the psychedelic sector and getting the messaging out is important and I keep saying it, but that's why it's so great to have you, Scott, aboard and Andrew, with your help and guidance

and we're looking forward to the next steps. We're gonna do this, we're gonna do it the right way. All right, guys, really gotta go now. I appreciate you have both of your time, everybody, for listening, and we will see you very soon. Later guys, thank you. Thanks. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.