The Wolf Of All Streets - Bitcoin Whales Accumulate At Record Numbers! What Do They Know?

Episode Date: April 16, 2026

Bitcoin whales are accumulating at a record pace, scooping up over 270,000 BTC in just 30 days as exchange reserves hit multi-year lows and available supply tightens. While price hovers near key levels, institutions and large players appear to be positioning aggressively behind the scenes, signaling growing confidence despite rising macro and political uncertainty. With supply shrinking and demand building, this could be setting the stage for a major move—but is it the start of a breakout, or something more complex unfolding beneath the surface? Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin whales are accumulating at record numbers. 270,000 Bitcoin alone in the last 30 days. This is the highest rate since 2013. What do they know? They must know something that we don't know, right? They have to be trading on insider information. There's no way it's just a bunch of guys buying Bitcoin randomly. Either way, we're going to unpack that and everything else happening in the market with Bloomberg's own Eric Balchunis.

Let's get it. What is up, everybody? Welcome to the show. the islands, Mon. As you can see, I'm here in the islands. It's not at all fake. It just glitched a little bit, actually. And the plants were moving earlier. They're not now and the waves are moving and they're not now. I love AI. It's awesome. Good morning, Eric. Good morning. How are you? I like you rolled up your sleeves to get ready for this. Yeah. It's warm here. I'm in Philly and it's

a heat wave coming today. I thought it was still winter there. So that's good for you. It was like two weeks ago. Yeah. It happens fast. I, you know, I lived in failure for eight and a half years and one day it's just spring but then it's winter again and then it's spring again so let's talk uh etfs and bitcoin because there's been a hell of a lot going on and because of i don't know things like wars and clarity acts and thing maybe people aren't paying attention i've been kind of harping on this one goldman bitcoin etf push signals wall streets tavia of crypto so a i love this this title the headline um i wouldn't have framed it that way necessarily but goldman uh has proposed a income Bitcoin ETF.

So this is obviously a new kind of financial product in line with what BlackRock has proposed or effectively they're going to sell options against the underlying position in the ETFs where you can earn a yield. And I guess your upside is a bit more capped than just buying Bitcoin. But, I mean, Goldman Sachs, man. I haven't heard their name in the conversation before this. Yeah, it was a shocker. I have kind of three phases, expected, semi-shock and full shock.

This was a full shocker. I just figured J.P. Morgan and Goldman were two firms that were going to mostly set out the ETF thing and Vanguard. So Goldman has been really doing more vanilla products, and I just didn't think they would want their brand, you know, associated. But, you know, the world has turned. I think two things happen for the Goldman that, and I'm right, I have a note coming out tomorrow on this. Number one, they saw Morgan Stanley jump in. That is one of their peers, right? It's different than the by side. This is a sell side. So they saw their peers jump in.

Number two, the guy running Goldman's ETF business is named Brian Lake. Brian Lake is very dynamic ETF veteran. He used to work at JPMorgan, and he's the one who really masterminded JEPI, which is the equity premium income ETF. that is now the biggest active ETF in the world at like $43 billion. So he kind of invented this sort of covered call movement in a way. And I think he was looking at the landscape and saw that, well, the spot area is pretty crowded. And it's tough to complete with BlackRock.

But in the covered call area, there's like five products, but they have almost no assets. So here's an opportunity to sort of like take our more conservative clients who might not even be interested in Bitcoin. But I looked at one of the premium income ETFs on Bitcoin, and here's the numbers. 80% yield and an 11% annual return. If you told a regular investor that that's what that gives without saying Bitcoin, they might be like sign me up yesterday. Now, you do give up upside, but again, conservative goals might be into it. And as Nate Tracy said, it's like training wheels for Bitcoin. But I think they looked at all this and said that's how we can do it our way.

and I think that's why they dove in. Yeah, I mean, this comes on the heels of Black Rock announcing a similar product, right, B-I-T-A, which probably also had something to do with them jumping into the market. As you said, this spot space is crowded, but now it can be effectively just them in BlackRock and whoever gets there faster maybe can capture the flows into this idea. And of course, as you said, they definitely watched Morgan Stanley, which I think we all know, right i thought that was the article there it is not there it is the cheapest bitcoin etf yet morgan stanley uses 14 bips fee to draw a hundred million in first week so like these flows were good

right but morgan stanley it's more the signal that morgan stanley as you said they're on the other side they're a commercial bank they're not generally an etf issuer but they decided there was still enough i guess water to squeeze from the rock of spot ets to launch their own yeah and also Morgan Stanley, by the way, there's a woman inside of there named Ali Wallace who came from BlackRock. And she came over in 2022. So she was there while the people inside BlackRock were forming the case for the Bitcoin ETF. She watched from afar as this iBit blew up into the fastest growing ETF all time, four times over.

So I think Morgan Stanley has struggled with ETFs. They've tried to kind of avoid pulling the Band-Aid off. jumping into the terrodome. You know, they try to do direct indexing, thinking ETSs would die down. Then they try to do Eaton Vance, ESG, like, really late, like after ESG had already fizzled out. And they could, I just, they couldn't find footing. And I think this person, again, this is me speculating, but, you know, the math isn't

that hard to figure out. I think they thought, okay, this is a way for us to kind of like shake things up a little bit, do something maybe a little against type, and stop dilly-dallying. You know, this is a product that if our advisors are now thinking you can do one to four percent of Bitcoin, well, why pay the other guy? Let's bring that money in-house. That's a way to sell to the bosses, by the way. That 14 BIPs will be our money instead of BlackRock's, and it could be tens of millions of dollars,

if not hundreds of millions down the road. And if we charge 14, we have a shot at organic assets that aren't even Morgan Stanley advisors. And that was generally, I think, the case that won the day inside Morgan Stanley. And again, this is the biggest launch, in my opinion, since I bit, because of the reach, you know, Morgan Stanley is special. It's a sell side bank. It's not by side. And it is a wirehouse. And it's the biggest wirehouse.

And these are traditionally the most conservative, all the advisors. You know, there's some RIAs in Missouri who are much more progressive than the wirehouses. Wirehouses are like the most conservative. Like even to get on their platform, it takes like years. It's just such a, they're just very stingy and picky and conservative. because they want to play prevent defense, they don't want to lose any clients. So, again, the idea of them getting in is just major for multiple reasons. And it's got $100 million in the first week, which, again, if it weren't for Ibit

and these other ones would be, you know, smashing success. I'm curious how much of that is in-house versus out-of-house. And over time, we'll know from the 13F. So this is a fascinating, new, invigorating subplot to watch inside the category. I just teleported islands. We went full on our track. I even went into the Metaverse in between. It was pretty cool.

I agree with everything that you just said there. That was sort of my non-sophisticated take is that if you've got 15,000 or 16,000 advisors and salespeople out there on the streets, why would you be selling someone else's products? So even if you just capture the internal flows, you make money. Right? You don't need to be beat I bit for this to be profitable for mortgage. in Stanley, so they're not playing on the same field as everyone else. But an interesting take that the wild undercut at, you know, 0.14% could actually catch them up,

you know, if we see another big wave of interest in these. And I mean, they're catching flows in general, right? I mean, that was the article I accidentally brought up before. BlackRock Bitcoin ETF sees 505 million inflows amid Middle East tensions, and that's just BlackRock. So I know we kind of get the in-out, and it seems to be a, diminishing a story on a day-to-day basis, but right now, these are seeing massive flows again. Yeah, I mean, Ibit has $2.1 billion in year-to-date flows. That is astonishing, given it's down, what's it down year-to-date, like, I don't know, 12, 15%, something like that.

Anyway, and it's down, what, it went on a, at one point, I think it was 50%. Yeah, I mean, Bitcoin itself was 56, 57%. Yeah, and I-Bits flows are green across the board, whether you look at one month, one year, year-to-day, date. I mean, it's the year to date to me is most interesting because that ranks it in the top like one and a half percent ETFs. So again, it's just done such Herculean things in the past two years. It's easy to say, oh, only two billion or it's only ranked 50th in flows. But this is astonishing given the downturn. And this is something that I had predicted. I want to take a little victory lap here. I told all the coiners that the boomers were going to be stronger hands than they thought.

And I was told by even other serious analysts that these boomers were going to look at the ETS as orange poker chips. And they were going to be gone like the wind as soon as there was any volatility. And the exact opposite happened. I think the most was $8 billion in outflows during the worst stretch. But again, that's from the key number is cumulative total net inflows since launch. So that reads $62 billion. And I think it got down to about 54. Now it's back up to $57-58.

So not only is the year-to-date hole filled, but we're almost up to the cumulative total hole being filled and back into fresh additive flows. So that is really astonishing for a 50% drawdown. Remember, a lot of these investors, like, their worst drawdown they've ever experienced might be 2008, where the market went down 35% or maybe dot-com bubble. So I think it's really positive that they are that into this. There's two reasons for that. One, it's not a big allocation. You're not going to crap your pants as much if it's 1%. Right. And during the one, during Bitcoin's fall, the stocks did great. So it was, if everything was down, you might see more. Yeah, yeah, I think it was just not, not even noticed in most of these people's portfolio. The other thing is, I think the wholesalers out there got to give them credit. I think they really, if you talk to the wholesalers at these asset managers, they really understand Bitcoin.

They are true fans of it. it, they're not just slinging the latest thing, because they typically have somebody who is into it as opposed to like, I hate this, but I have to sell it anyway, which you kind of find sometimes in the media. Like, I hate this, but I have to write about it anyway. So I think the idea that they are really being thorough in how they sell it, and they're probably saying something like, look, the evidence is if you hold for four or five years, you get positive returns, but there will be volatility in between. So go in with a commitment, look at it as like a long-term investment, and that message I think has gotten through. So this is also interesting because even though

the boomers have always held tough with equity ETFs during drawdowns, in the hot sauce area, they are a little more fickle. So this is probably the most sturdy. I've seen them in holding during a wicked, nasty drawdown in something that's hot sauceian. Hot saucy You like that? Yeah I think of a clever Like what country are they from

And I think it's just got to be hot sauce So it's not that clever if you're hot saucer Yeah Flying hot saucers They count their aliens That's I got it. There we go Bitcoin Percentage of circulating supply

held by ETFs and that's 12%. Okay, I saw this and I was like Wow, that's crazy So I mean if you're just kind of guesstimating here it seems that ETFs now hold 7, 8% of total Bitcoin supply. By the way, it says circulating supply, which, you know, is 20 million plus, right? Obviously, we know the next million is going to take a very long time to mine. And let's say that 5, 6 million of those are gone.

There's actually a much higher number, if we're being honest, of the circulating supply. I mean, these are wild numbers. That's got to be over 20%, actually, of actual coins, I would say. Yeah, well, it's kind of on par with stocks, right? About 20% of the stock market is owned by ETFs and mutual funds. People generally like people to do all this for them. Like, everybody's lazy, man. I mean, consumers are lazy.

So they like someone, they want to outsource this. And let's be honest, getting your wallet, all this is full of friction. And using a exchange is full of cost. The exchange rate to take your bank account and convert it into Bitcoin or an exchange can be 1 to 2%. So here come the ETS. They'll do it for you. You totally trust them.

They're totally regulated. And it's like one basis point to trade them and then like 25 bibs a year for them to do this. All that's happened is the intermediaries, I think, got cheaper and safer. And I think that's normal for any asset class. We expect that this number will probably grow a little bit. I think ETFs could own more of Bitcoin

than they own. of other asset classes. If we just look at ETFs and you had that number, I think we're around 7%, but if you look at float, maybe it's around 9. So let's say 9%. They currently own about 9% of stocks and they own about 4% of bonds and they own 1% of gold only. And so I think over time, ETFs will probably own a disproportionate amount of Bitcoin relative to other asset classes. That said, Bitcoin is full of more friction. I mean, it is easier to go buy Microsoft shares or a couple of stocks versus the ETF. Those are. are two pretty easy things, whereas going to get Bitcoin on your own versus just buying one of the

ETFs is a night and day in terms of friction. And so I think that's why you're seeing that. And again, I tell people this, that what's going on now is I call it the Facebook moment for Bitcoin. This is the moment when your parents joined Facebook. Now, there were some millennials on there who were like, oh, my God, it's not cool anymore. I'm leaving. And they kind of like took their ball and went home.

But Facebook, since that moment, 10 years ago, when, when, you're going to be able to, and the boomers got on, it's grown users from $1 billion to $3 billion. So life goes on after you're not cool. And I think the idea that the ETS, Wall Street, the government, have been like, oh, this is cool, let's start investing in it. I could tell there's some bit of a pullback from some of the OGs, and there's also some profit taking. I hope it's profit taking.

If you look at this idea of like, well, it's not cool anymore, or I don't trust it anymore because these big institutions are involved, I would say that's not actually accurate because the underlying Bitcoin has always been the same, regardless of the intermediaries. So I would just tell people, all that's happened is, just like Facebook, the boomers are coming in. Like, if you hate that, then fine. But it doesn't really change anything. And I think you have to just sort of look at the fact that the intermediaries are getting better, cheaper, and safer. And I don't really see a problem with that.

When's the last time he signed into your Facebook account? About two weeks ago, but it had been about four years since that. I just post some news. But here's the thing. My church uses Facebook to communicate. So I do Google certain things on there. My kids basketball AAU team uses Facebook. So like a lot of the people in my world use Facebook.

Now, so, you know, again, I was a little astonished that Facebook had grown that much since I did stop using it. But it feels somewhat parallel right now with Bitcoin, at least from. my ear to the ground. Yeah, I think that makes total sense. And that doesn't mean that Bitcoin has to cease being cool or cypher punk or any of those things. But I think the corollary of the old people who didn't get it coming in is perfect. And by the way, we need those old people if you want the price to go up. Yes.

And the other thing is this. The idea of the government in particular, remember, this government is an administration has like two years left. it's possible the censorship resistance aspect of it comes in very handy in down the road like it might not be handy now because the government's like oh we like it you can use it without fearing but you don't know and in other countries it's very handy currently so the censorship resistance is not really applicable right now it seems like but what is applicable is the debasement hedge and the debasement hedge is as lynn alden says nothing stops this train it's the most a political thing we can all agree with. Debt is happening. I mean, it doesn't matter who is in office. Nobody's going to tell voters no, and nobody's going to take things away from them. So that

part of the trade is strong and has always been strong, and I think people are responding to that. The censorship resistant part of it, which is the other big benefit, I think, or advantage it has. I guess in the U.S., it doesn't feel as like, you know, necessary right now. At least that's my

feeling on it. It used to be it was, because you had all these politicians We're like, we hate it, we want to ban it. And it felt kind of cool using it outside of their reach. Well, now they're like, oh, we like it. And so I think it's taken a little of the shine off of that particular benefit of the, you know, that of the digitalization. Cool enough for Iran to use in the straits of Hormuz instead of dollars. You know, I mean, there's examples all over the world of people, whether we like it or not,

that use Bitcoin to be outside of the system. And I think that that will continue to happen, whether it's in an ETF wrapper or not. They're still going to always be the people who buy and hold their own spot Bitcoin. And in my opinion, that will hopefully always be cooler than Facebook. In other news, by the way, of, you know,

obviously deflationary assets and censorship resistance, have you been following it all the World Liberty Financial saga? A little bit. I got to be careful. It's just a little out of my day to day, but I have seen the back of the worth a little bit. That's what makes Twitter great. There's conflict every day.

Justin Sutton now calling it world tyranny instead of world, world free finance. He's going at it with the Trump's. It was just a joke because I think if you're in crypto, Bitcoin is Bitcoin, and there's a lot of other attractive assets. But damn, if you go too far down the rabbit hole, you're going to see some absolutely wild grift and insanity and centralization and crazy things that I hope are just dismissed by the institutional. crowd and they don't notice it. I hate that these stories are even like landing on Bloomberg and such at this point. It's such a blight. I agree. It's, in the ETF world, we have the same thing. There's these, sometimes there's a wild product that blows up and it's like, it's a huge distraction from like all of the really good things ETFs do. And you got to look out for that and you hate to

see it happen. I deal with the same thing. I will say that if you just have a little understanding of Bitcoin, and I think the wholesaler is, you don't know. at the asset managers are doing a good job of this, just explaining like Bitcoin is different and special. Then you get to the other ones, which are more like tech companies trying to solve a problem. But when you go to those, you lose some of that special decentralization. You have Bitcoin. And they're more like, I don't know, small cap tech stocks looking to do, you know, make the rails in the financial world better. Then you get down to just straight like gambling and speculating.

And that's why it can be tough. It's a big tent. And ETFs are a big tent too. and sometimes the stuff on the fringes can like contaminate the main stuff and it's annoying but i've always felt like libertarian and the fact that uh you got to just let people do things and you've got to let capitalism and innovation just spill everywhere because you can't if you try to control that it's hard to just have the great things launch and it has to all happen you got to break a couple eggs and just let it all spill out and over time i think the best stuff rises and the people

are smarter than people think, and I think they start to catch on to that. And I think that's why you see most of the assets are in the Bitcoin ETFs relative to the other ones. Yeah, sometimes I now see these products coming from Goldman and Morgan, and obviously the Bitcoin spot ETFs happened under the last administration, right? So this was happening regardless of politics. And it seems like almost at this point, even though we were very excited about a favorable administration, that a lot of this is just happening in spite of the government or policy or any of it. It's just happening because the market wants it. Yeah.

It's, yeah, look, I think what you probably got because of the SEC in this administration is you definitely got some of those all coins that come out quickly. Like, I don't know if you'd have Spot Salonar right now. It's debatable. So I think you definitely got all alt coins to be put out in Spot format because of this administration. That's directly one thing. And then arguably, you know, the big.

coin they acquire in confiscate or whatever, you know, maybe that's something they would sell. I don't know. I just think in general there's the idea of like not being antagonistic and always fearing regulation. Like that just seems to be gone, which is sort of like a, maybe a cloud removed. So I do, but then there are other things come with it, you know? It's sort of like taking the good with the bad. And I think some of the meme coins that have come out and stuff like that have been detrimental to the broader like point of of some of the stuff that people wanted uh you know like

i said like it's the world isn't a perfect place it's like can't have it all can't have it all perfectly uh i i just choose to sort of look at the things that are going well and try to move forward a lot of times this stuff just again the stuff with no merit that's crappy tends to just become roadkill in history like it just eventually goes to the way wayside and the really good stuff trucks on. And that's just signal versus noise. Yeah, signal versus noise. And when you live in a 24-7, 365 social media news world, you just have to accept that 99.9% of what you see is noise. I think it's pretty obvious. Yeah. I love this. I brought it up at the beginning. Wales bought 270,000 Bitcoin in 30 days, the biggest accumulation since 2013. Exchange reserves are at their lowest since December,

2017 supply is getting tighter as demand grows. So I mean, we know that obviously the ETFs are up into the right with a whole lot of road bumps like any other asset, but the trend has been that way. But it seems that we actually now had the narrative all the way down that whales were selling and we saw it on chain. Well, now they've clearly been buying. This is pretty much indisputable. When you see exchange reserves at lows, it obviously means that can change at any moment. but right now there's less supply if there's more demand. And you see what sailor's pulling off, right? And he's not buying it on exchanges.

He's buying it OTC. I mean, to you is this signal at all? Yeah, you know, I really truly believe with my heart, I don't know the future. And I also believe nobody knows the future. It's just a way, it's just a fact to me. And so I can predict the future, but, you know, it seems to have, every time it goes down, it goes right back up again. It used to, like, go up and then go down.

Like, it just seems like it's finding its floor, and it's like, it's almost like clawing and scratching up 1,000 a week. It's very much like a game of inches right now. That's probably good because it means, like, there's not, like, gigantic dumps happening. Like, remember the 10 a.m. dump? That seems to be over. And I think what you have now is, you know,

a pretty tug-a-war kind of market, but it feels like it's moving on the upward direction. And the idea that, again, there's a lot of people who don't own it, but who use ETFs. Generally speaking, the math would favor more demand than there's no supply. I mean, people who trade commodities, they always talk about, like, oh, my God, there's a bad weather in Brazil. So coffee prices have to go up. It's called a supply shock. Well, Bitcoin's always in a supply shock.

It's a permanent supply shock. And so all you need is a little extra demand over, over, people like a little more buying than selling and you're good so i you like i said i i know i always sell people stocks or bitcoin or bonds i tell them this i i know two things in life i know that i don't know the future and i know that nobody knows the future but i do know that assets that tend to have gone down and come back and hit all-time highs repeatedly have a hundred percent record of doing just that like if the pattern is that you've been punched in the face and you come back and hit all-time highs.

And that's happened with stocks like a thousand times. With Bitcoin, it happened like, I don't know, a dozen times. Well, I don't know. It's a 100% perfect track record of coming back from a downturn. I don't know, like, the only question is how long will it take? And that's where there's different people playing different games. If you're a short-term trader, maybe you need to know what the price is in two weeks or a month. I personally, that's too hard of a game for me.

I just think for long term, it does, I just feel like it's not that complicated. Yeah, you just buy it and wait a little while. Yeah, it's. And you don't even need to be a geopolitical expert or understanding. A lot of investing, like, you should go to like investing school and they should teach you like how to be patient and like get hobbies. Yeah, like investing school is literally learn how to be bored. Yes. That's, that's the ultimate alpha.

like hack. Yeah. Take five seconds to research something that you think you might like for 10 years and then do nothing after buying it. Do nothing. Yeah, that's it. And this goes across the board. That's a very repeatable theory that you see all the time. So I don't know.

It feels like a little more positive too. Like the vibes out there feel a little generally more positive. But, you know, we'll see. I think also the other things have gone up a lot. Gold went up so much. Stocks went up a lot. So I think maybe there could be some money looking for something that's beat up. And that might be favorable too.

We'll see. Yeah, you know what went up a lot? And this one just tracks me up. Albird, this is, you know, like for people who miss this, it's my entire timeline. I didn't dig down to get it too deeply. There's a shoe company that basically went out of business and then just pivoted to, we're going to raise some money and turn into AI data centers. And it went up checks notes, 600% in a day.

It's just, I only bring this up, like, yeah, I don't care about birds or all birds. I mean, I care about birds in the world. I'm very passionate about that, Audubon Society. But I don't care about these birds, but like, doesn't this remind you of Long Island blockchain iced tea? Oh, totally. You remember that? Like, where it was like, crypto is so cool. We're just going to rebrand our iced tea to blockchain and go up a couple hundred percent in a day.

Like, the, this is just one of those signals. I'm not saying it's going to mean anything for the future, but that we've definitely gone like we've jumped the shark entirely about what matters and what doesn't and what's driving prices. Yeah, AI is that thing now. ESG had a little moment being that. Everybody slapped ESG on everything. I mean, Wall Street just likes the new thing, you know,

and they, it's just, it's like a soccer ball getting kicked around the field. And right now it's AI. You know, I just wrote a note about memory ETFs. That's like even, that's like the hottest, that's the whitest, hottest part of the AI trade, but all of it is just very in vogue and very growthy. In five years from now, we'll be talking, it'll probably be something else. But five weeks. I agree.

It all feels very rimey. Yeah, I mean, it's like, yeah, gold and silver, not trading like, say, favorite hit assets, right? Everybody's a speculative 100x leverage oil trader now. Like the things that are half prediction markets, I mean, we bet on. of when my background will glitch next. I'm giving it less than 10 seconds if you guys are watching closely. But, you know, you can bet on anything. We're in a very non-fundamentally driven wild market,

which is not usually a sign of, you know, consumer health. But for now, I guess, ride the wave. Yeah, I mean, I am, again, it's a free country. If you want to degen out all day, God bless you. You'll probably lose money. I think usually it's a young man's game. usually as you get responsibilities or see a bare market or just look at your bank account getting drained you eventually pivot to becoming more vanguardian in mindset more hoddler if you will and that's usually

you know a sign of maturity so i don't think that'll ever change america is speculative kind of country and young people you know trying to take that shortcut the the rabbit route to you know wealth and it just always will be and so there's just new things that come along to help you do it an etf market we got plenty of stuff uh 2x this and that and again i i i accept it all uh i just try to issue warnings like you know this and this are something you should know but if you know if you understand that god bless you go go have fun um so i think you're finding that across the board and there's actually a lot of professional investors you do the same thing but it's just wrapped up and, you know, asset management.

And it's just as hard for them, too, for the most part. That's why, like, you look at some of these studies, like, over 10, 15 years. I mean, it's just, it's nearly impossible to beat the market when you factor in trading costs and expense ratios and just the inability to know the future repeatedly. You can get lucky sometimes, but it's just hard to repeat. It's just hard. It's just, you know, the more you look at it, the more you kind of come out the other side into this really simple

Buddhist kind of place of just like buying hold like two or three things and just wait 50 years. Absolutely agree. And then like even if you slightly beat the market by one or two percent or three percent in a given year and then you look at how much time

it took you to do that. Yeah. The cost of your time to even care completely not worth it. And I was like a D-Gen trader all day believed. And then I was like, hey, I would have done better if I just bought Bitcoin

a lot easier, which is what I just continue to do. All right, man, well, I appreciate your time. Thank you, Eric. It's always a pleasure to have you here. I'm going to stay on for one second. I let you jump off. Everybody give Eric a follow, his X handle. I'm saying X now.

I finally stopped saying Twitter. His Twitter X handle is down below. I need to check him out there. Eric, thanks so much for your perspective. Scott, see you later. Bye-bye. All right, see you soon. All right, guys, I just, there's a guy in my background.

I wanted to show you. There's no reason otherwise for me to let Eric go, but it's like he's like moonwalking or something. You got to watch his very natural movement. Where is he? Right there. Watch.

He glides. Why do you think they put that one guy in there? His movements are so natural. Anyway, seriously, though, I got a new show on Yahoo Finance that's starting on Monday, 420. So I just wanted to remind you guys of that again. That will be at noon.

So you're going to have my, you're wondering, my cadence. You still get the newsletter every day, which, by the way, I'm going to be updating that to make it a bit more simpler and hard hitting and whatever. So we're working on that. And then Twitter space is 10, 15 a.m. Eastern Standard Time Monday, Wednesday, Friday, which Dave Weissberger co-host with me. And then every single weekday at noon, which has proven to be a lot more of a headache than you would think to do a 15-minute show. We've been rehearsing all week. but that'll be every day at noon on Yahoo Finance. I've been pushing the limits in the rehearsals of what I'm allowed to say.

I don't really know. They told me not too many F-bombs, but basically everything else. But yesterday I was in my mind. You know, I'm off the cuff, like entirely. We're doing the show off the cuff, no teleprompter, literally know anything. And I was like, you know, talking about how younger people are a digital native and they're not going to, you know, use their dad and grandpa's RIA and that they understand Bitcoin.

I was like, you know, millennials and Gen Z and whatever the next generation is. And I just some reason it popped out of my brain to say, you know, like Gen, LGBTQ. And nobody flagged it. So I think I can say stuff like that on the show. I don't know. We're going to test it. I will say shit because you can say shit on that. Did you see the glitch?

I will say shit. We're having a great time over here, guys. All right, before I do anything even more. Oh, Sunday's podcast will be CZ. If you guys missed when I did him on X. I mean, I have CZ on Sunday. So that'll be great. Otherwise, I'll be back tomorrow to rant and rave solo before Monday.

But I highly encourage you guys to support me. If you like me, if you're here, maybe 12 of you, to show up on Yonavis. Yahoo Finance because if people watch the show, I'm more than likely to be able to keep the show. That's all I got for you guys today. See tomorrow.