The Wolf Of All Streets - Here's Why You Should NEVER Sell Your Bitcoin

Episode Date: March 26, 2024

I am joined by Sunny Lu, the CEO of VeChain, as we are discussing the latest in crypto, VeChain updates and why you should never sell your Bitcoin!  Sunny Lu: https://twitter.com/sunshinelu24 ►�� JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/   ►►OKX SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!  👉 https://www.okx.com/join/SCOTTMELKER  ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK.  👉 https://tradingalpha.io/?via=scottmelker ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd  ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets   Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Trading 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.

Never sell your Bitcoin. What a hyperbolic title we have today based on basically a joke by Mike Alfred. Of course, the Michael Sellers of the world telling you there's never time to sell. Is that true? Is there a point in the cycle when even with your precious Bitcoin, you can sell a little? And what would that mean for everything else in the ecosystem? Also, guys, we talk about Bitcoin and ETFs all the time, but there are actually people and projects out there that are doing things to give us meaningful mainstream adoption who are using blockchain every day. And one of those people, of course, is Sonny from VeChain. Excited to have him here. We started chatting last week about hanging out in Paris. I said, dude, just come on the show and

let's talk about meme coins or something. So happy to have Sonny here. We're going to kick it around. I know you guys have loved him in the past when I had him on the podcast. This is going to be a great episode. Let's go. What is up, everybody? I'm Scott Melker, also known as the Wolf of All Streets. Before we get started, please subscribe to the channel. Let's go. We were doing macro Monday. Bitcoin was trading around $67,000. We were talking about this small correction, what it meant, whether there was a correction. Opened my computer a few hours later, Bitcoin sitting at $71,000. If this market has taught me anything, it's that don't open your mouth too much about the market

because it'll make you look really, really silly soon after. I'm just going to go ahead and bring on Sonny. We can talk about it right now. Good morning. How are you? Hey, good morning, Scott. I'm just go ahead and bring on Sonny. We can talk about it right now. Good morning. How are you? Hey, good morning, Scott. I'm good. Actually, I just wanted to say every time I hear your, you know,

YouTube space, the background music, I feel like I'm going to go to the gym because that's my favorite, you know, Spotify channel every time the gym session. That's my pump up music too for the gym that's why i made it but the the problem is i listen to spotify i'm like one and a half or two times so every time the music comes in for me it like shocks me because it's way too fast yeah that's great listen i see you've got your ufc v chain shirt on every time sunny and i talk it's him inviting me to go see some ufc fights at the front row and then i

can't go but what's the relationship with ufc well you know we um we decided to uh to sponsor ufc build up the partnership a couple years ago and you know following that kind of trend like a couple years ago the all of the for let's say the entire crypto world is looking for the massive exposure, starting from the last all-time high in 2021. And we study all of the sports, you know, kind and eventually, even though personally, I don't know about UFC before, I didn't know. But let's say statistically, we got a quite good number, you know, 900 million views 200 million

followers and across the whole world the best part is they they have a 42 43 fights every year they're going everywhere every different cities so it's you know i think it's a perfect place to enter exposure and plus we're also talking to them for some um you know blockchain application to build together to collaborate on top of everything they just have a quite uh overlapped uh user profile let's say the ufc fans and the crypto fans are quite a similar person that makes a lot of sense i've seen all these crypto influencer fight nights and karate kung fu something or other i don't know but it's karate combat it does seem like there's a lot of interest in fighting from the crypto community i don't know what that says about us uh but uh but have you actually gotten into mma now though now

that you are like a part of ufc you're sitting up there in the front row i see you know up in the good seats of is it you know something you enjoy going to now oh yeah of course actually you know the the first one i i went to is actually in nashville uh north florida um it's uh pretty pretty quite interesting and nowadays we use the ufc as we call it the ufc mixer you know to engage with the community every time we bring up like 40, 50 people around that city and then gathering together, you know, chat and listening from the community, give us, give some updates back to them.

So it's quite, I would say, very effective and valuable engagement tool for the communities. Interesting. That wasn't supposed to be the topic today, guys, but I saw that UFC shirt. I just want to take a look really quick, if you don't mind, at the market, obviously. Bitcoin just under 71,000. Ethereum kind of keeping up. It looks like altcoins largely keeping up. Like I said at the beginning, you make a comment about this

market and an hour later, it makes you sound kind of silly. What do you make of this kind of huge run that we've had? Obviously, we were at 17,000. Bitcoin made it all the way to 71. Altcoins have done generally well, but still nowhere near their all-time highs. Certainly ones from previous cycles. Are you surprised at how far we've come in a short period of time so far without even being at the halving? Or, you know, if you're a cycle person, you think we're early, but maybe you're not a cycle person, right? Maybe that's just how it is. No, I think it's quite okay. Even, you know, especially for the last couple of weeks, people were like, oh, Bitcoin jobs.

And honestly, for me, it's kind of like the buy the dip, that kind of moment. Every once in a while, the market needs to have some corrections. And honestly, we need to look at the fundamentals of this time, the wave. Firstly, the wave is a little bit different than the previous cycles. You know, usually got three years, we call it the bear market, right? And especially after the first year, like everybody's crying. The second, the third year is a little bit like slowly, but progressively up a bit, like 30, 50% every year in the year's candle. But this time is totally different. I mean, look at the 2023.

It's already more than 100% in terms of the Bitcoin's price. I would say it's kind of linked to the regulation change, the biggest milestone about the ETF approval, for sure. Most people kind of, let's say, underestimate or just look at, oh, that's ETF to be approved. They don't even know what does it mean. But actually, I have quite good friends. They're working at Wall Street. You know, they have quite a big financial, they're working in a very quite big financial institutions.

So to them, you know, it's a loan in the ETF for Bitcoin future approved in 2021. Now is the spot ETF to be approved, due to approved. And, you know, it's kind of give the whole set for those big institutionals, for them able to adopt like quite big, like unimaginable money or fund into this market. Because let's say institutional investors, they're not like us, like retail traders, right? We're talking about maybe a hundred K, 200 K, it's already a big number, but to them it's like billions of dollars. They need to have that kind of a headsets

to be able to adopt billions of dollars, even trillions of dollars, that kind of fund. And honestly, I think it's just getting started. When the ETF gets approved, how long are we talking about? It's just a couple of months. And they still need more time to try to absorb new funds. They're not even available to most people, right? And we heard yesterday on Spaces, we heard rumor that Morgan Stanley is going to unlock for all of their clients next week. But like something like that, Morgan Stanley's average clients still can't even buy these things. Imagine when we start to see everyone and we get these slow unlocks, right? And that kind of lends to the title up there. I think it's that way. Never sell your Bitcoin.

That was a pretty crazy one for us today. That's also my philosophy. Yeah, that's my philosophy. And the reason never sell your Bitcoin, well, A, because we all sort of believe in it as a store of value. I think there's a religious ethos about it as well, right? Where you think you want to pass it on to your kids. It's a store of value. Maybe it's a hedge against all of these things. But I think for most people, the reason they're not selling their Bitcoin is because they think like this lady, Cathie Wood calls Bitcoin a financial superhighway, reiterates $1.5 million price target. Why are we talking about $66,000 or $70,000 if this asset really has the potential to go up to $1.5 billion? I mean, there's kind of a few stories here. Nobody wants to sell Bitcoin,

analyst says, as Bitcoin's on chain activity limps. And then sort of a joke from my friend, Mike Alfred, it's true. I just sold all my Bitcoin at 66, 785. The RSI overheated just below the MAC de-oscillator. The volume bars were enlarged, saw Doji and just knew it was he's trolling, right? Too much risk of a retest of, you know, he puts a number $160 lower, right? I mean, we get kind of caught in the weeds of the trading and all these things. But when you look at the activity and what people who really understand this believe, you think it's going much higher. Yeah. Well, honestly, most of in the history, in the past few years, you know, people come and go in the crypto market, right? Bull market, lots of people rush in, bear market, people leave. So it's quite a common thing.

But most of the time, when people ask me, like, how high do you think Bitcoin can go? Honestly, my question back is, how long you can hold it? It's really a matter of the time, right? I remember, I think it was in 2019, I went to a DRIPPER, Team DRIPPER's annual convention. And there was Brian Armstrong and Team DRIPPER was doing some kind of five-side chat. And when people raise up the question, like, how do you think Bitcoin could go in the next three or five years? Actually, Brian Armstrong mentioned about $50,000. It was like less than 10, right? And then six months later, like, okay, oh, no, sorry. One year

later, it kind of, okay, we reached there. It's already 69. But Tim Dipper in 2019 make a claim and like Bitcoin will go to 1 million. I think not 250 in that cycle, which I did too, to be honest. We were at 69 in that last cycle. I was like, 250, sure, why not? Yeah. Well, think about that. I mean, what about the entire market cap for gold?

It's about 13, $14 trillion. And what about Bitcoin? Bitcoin is a little bit, 1 trillion, right? So it's still a long way to go, I would say. Yeah, I 100% agree. And we're already seeing actually the Bitcoin spot ETFs start to compete with the gold ETFs. And it's only been two and a half months. It's really crazy. I mean, they're going to surpass them probably very soon. And even with the outflows last week, we had price going down and everybody was depressed that we had this big move yesterday. And then you go look and it was like historic inflows on Fidelity and GBTC outflows will start to slow. And like I said, we just get caught in the weeds of analyzing this. But I think

it's very, very clear that these Bitcoin spot ETFs are with time going to just gather tremendous demand and keep gathering speed. So I guess the next question is, listen, you obviously, you know, VeChain, Altcoin, I would say it's a lot more than that. You have a token, but it's a fundamental product that is being used all the time. But do you think that any of that value will trickle down from the Bitcoin spot ETFs into the rest of the market. We've obviously seen altcoins booming, but I don't think anyone's making the argument that someone buys a spot ETF and then somehow that money is making its way into the altcoin market. I think it's the wealth effect. Well, yeah, it's kind of like a ripple effect, right? It's starting to build up the Bitcoin

value and then the value, let's say in terms of the fiat price, the value goes high and then will cascade down to more portfolios of the project. Think about that. If we make like consider Bitcoin is kind of like gold as like commodity assets and all of the other, let's say, platform, especially layer one blockchain platforms, is acting like, you know, NASDAQ index for all of the high tech portfolios with different focus or different, you know, features could attract the different type of the investors. So, yeah, I mean, and honestly, I think that the pattern is already shifting a bit. Originally, like in the last few cycles it's kind of like a bitcoin finish his way first right reach through all damn high and then start to to um cascade down to the large caps like like a serum and then goes to the middle caps and eventually to smaller caps even eventually to um to like you know scammy projects eventually, like the quite common thing in the crypto side.

But this time, I think it's we're not going to wait until the Bitcoin reach to the target price, I would say. Whatever it's 250K or one minute even, it will be, you know, kind of like repeated cycles, but more in a more fractional way in terms of the time window. So every time Bitcoin reaches, and I would say the other projects will follow a bit, and then Bitcoin goes up again and other projects will follow again. So it's like that kind of a kind of like a coordinated steps to move forward. Yes, they're stepping up. So one of the phenomenons,

before we get more, I guess, into VTU and what you're building now, that you and I talked about and actually was the catalyst probably for this conversation, was I did a meme coin space as much to my chagrin, you know? Like we did a space on VTU.

You said, I listened to that man. I was dying. Like I have so much to say about meme coins. You said that usually we start at Bitcoin and we kind of like trickle all the way down and eventually we get to things like meme coins running this time it's like we've got bitcoin and then the full casino on the other side right yeah yeah yeah well actually firstly that twitter space i would say the most um um you know exciting one or like really interesting one. A lot of people are streaming.

Yeah, one and a half hours, I think. Well, honestly, I'm not into Mimicoin, firstly, for the record. But let's say I also look at, you know, listening, you guys have that kind of conversation. It actually kind of inspired me. What is the point of the Mimicoin? What is the meaning of the Mimicoin There is something good about there. It's about the bonding or building up the community with the same interest or same, let's say, consensus, something like that. Even think about that, Bitcoin was kind of like a Meme Coin from the

beginning. If you think about 2009, 2010. Austin Federa from Solana said the same thing last week when I asked about meme coins. He said Bitcoin was the original meme coin. And I've heard that about three or four times since then, even from Bitcoin. Theoretically, yes. I would say that. Theoretically, yes. Because we don't know.

I mean, I'm not talking about 2010 or 2011. Other than the guy paid like 2,000 bitcoins for a pizza. Even in 2012 or 13, we don't know. We didn't know how we can use Bitcoin for what? What is the utility of this? However, there is a major difference. The major difference in the last 15 years, more than 15 years, loads of the people,

like millions and millions of people in the crypto industry, have done something, have done many things to expose Bitcoin to the massive adoptions, you know, to the mainstream. Think about the first ETF for Bitcoin future. It took eight years, eight years to get approved. How much effort, you know,? People just come and go, but making loads of efforts, effortless contributions to build up the Bitcoin community or the entire crypto world. That's actually, I would say, it's a key difference. To all of the meme coins, actually, one of the guys in your space saying like, yeah, people just like that.

You know, it's like a fashion or it's like animation, whatever. Even maybe our parents' folks would think like whatever you like, you guys, you know, it's kind of like boring or sucks. Maybe it's linked to the gap of generation per se, but people love that. People were into that. That's great. That's a good starting point. But how are we going to make it more sustainable? Like when people are gathering together with the same interest, or we all like some kind

of the Mimicoin and we're getting together, but what can we do about it? What is the utility we can build? Can we repeat or replicate whatever is happening in the Bitcoin industry or Bitcoin space to have that kind of effort, many people's contribution, to build up that, build something about it? I think that's a key difference we could foresee. That's what I kept saying in that space was that I think we're unjustifiably or just unfairly or just naturally lumping all of these things together. And people started breaking down how actually quite a few of these are just meme coins because of the name or because it's got a cat or a dog in it. But a lot of them actually started as projects with utility or have built something with actual utility. Whether it has it or not, I don't know. But I think this cycle has been about literally launching political things, Elizabeth Warren and

such, just as a complete joke, never claiming it's going to have utility. It's actually, ironically, doesn't have to worry about being deemed a security if it never claims utility or anything about what it's going to do. And so it's almost a pushback against like, it's kind of like the GameStop move, right? These things are being created with, so there's the ones that are the casino. It's literally just a joke and you trade them and it's hot potato, musical chairs. And then there's ones that are trying to actually build something. Yeah. Yeah. Well, actually, another big difference is the utility of the Bitcoin, even in the different stages, different time, another big difference is the utility of the Bitcoin, even, you know, in the different stages, different time. We have been talking so many different aspects, payment coins, store the value, everything.

But think about that. If Bitcoin is able to accept it by the biggest institutional investors of the world, like BlackRock, Franklin, Cassie Wood, then that's a utility. That is a utility of with, you know, the consensus people just Wood, then that's a utility. That is a utility with the consensus, people just with a belief. And that is the biggest utility. On top of that, think about this, back to 2012 or 13, actually, there are many other coins, just like Bitcoin. Most of people even just try to copy the codes, just change the logo, change the name, even tweak a little bit the block time or intervals of the blocks and make another coin. There are hundreds or thousands of that type of coin. And now they're kind of disappeared. Very few left over like Litecoins.

Right. So it's again, Bitcoin is just one of them. And second, as a summary, it still requires lots of the building efforts coming from the entire community, coming from the whole world, and make it more sustainable. That's my takeaway. I agree. Meme coins will come and go for sure. Is it frustrating for you at all, though, to see so much attention put on things that don't have utility or in complete casino when you've been building something for an exceptionally long time through multiple cycles that has the biggest companies in the world as clients, and we still don't seem to

care much about utility. We just seem to care about the number going up. I mean, talk about what you guys are doing and, you know, why it's important. Yeah, I mean, yeah, for sure. I mean, I'm a human being as well. I was frustrated, actually, many times, you know, in the history of VeChain, we have witnessed different type of, you know, riding alarms.

And honestly, with different hypes or different speculations, I was frustrated. But then, you know, with years of doing the same thing, I already trained myself like, okay, not care that much, just keep doing what we're believed to do. And, you know, it just takes time. And most difficult jobs, it takes time. But eventually, who laughs at last will be the winner.

So talk about what VeChain is doing. We've had podcast conversations before, I'm sure people have heard it. You obviously came over from LVMH, I think was the last stop before. You saw basically an opportunity to fix supply chains. Is that accurate? Yeah. And so you're using blockchain technology every single day for the biggest companies in the world and seemingly people don't talk about it well yeah well actually people do talk about it um let's say the v fam i just love our community um you know they they have been um like like really like a family

members um you know they are working with us. They're sharing the stories about us around to the whole world, day by day, month by month. I really appreciate that. So firstly, respect to the VFAM, to the VChain families as a community. Secondly, we are actually upgrading our strategy. Since last time we met in Singapore in Token 2049. We talked about the new initiative we started called sustainability. Actually, we have been developing so much more recently and launched a new initiative,

a DAO initiative on VeChain we call VBetterDAO. We wanted to build up the platform to able to, let's say, it's kind of like a new DApp marketplace, but with a specific focus is to incentivize sustainable actions from normal people from the daily life. You know, let's say I have been talking to people in the last few years around me and ask the question, do you want to do something about sustainability? The usual reflection I got is like, hey, it's funny, I want to do for sure, but how much money do you need? It kind of feels like a fundraising pitch or something. I say, no, no, no, that's not right. And also, one of my personal experience taught me, like, I just feel not right.

You know, in Europe, there is a class of, let's say, renewable energy level for your house. And for sure, you know, I choose the highest level one, right, to be more sustainable. And then I realized, firstly, the real estate price with the highest level, it's 30% more expensive than the normal ones. And also the utility bills are much larger than the normal house. And I feel like that does not feel right. It feels like you're doing good. You try to contribute to the house. And I feel like that does not feel right. It feels like you're doing good. You try to contribute to the sustainability and then you have to pay extra. I feel like, no,

that doesn't feel right. So what we try to do is we try to enable people to make a better choice in your daily life. I give an example. You can choose to take a bus or public transportation like Metro other than drive your own car if it's convenient. Or you can choose EV other than a fossil car or drink coffee without wasted materials or choose the sustainable products. But you should get reward. So our philosophy is you do good, you get reward,

and you receive the token's incentive. And eventually, you get reward, and you receive the tokens incentive. And eventually, the biggest reward, you will be rich, not only financially, like fiscal rich, but also spiritual, you will be rich as well. Because you're doing the good things, you're creating, along with millions of other people around the world, you're creating the collective value value and i only see the results are quite uh quite impressive yeah so do you think that what you're building or have built could be this next killer app for crypto we always talk about it but you know in my mind we have bitcoin which is the first killer app for me yeah right and then we've had stable coins which have obviously been a killer app. Actually, I told you right before this, I was

interviewing Justin Sun, who I hadn't talked to since 2022. But when you see what's happening with USDT on Tron, or in the general, but especially on Tron, because they have over 50% of the AUM, I mean, these things are really being adopted widespread. Right. And so what's the next thing? We always have these sort of cyclical narratives, but, you know, can it be infrastructure and the type of things that you're building? Yeah, I believe it is. It is the next thing. Let's say fundamentally, we always talk about the future of the blockchain or the future of the crypto is always linked to the mass adoptions. Or as we just discussed about a mini coin as well, it's about the utility, right? How are we going to make the blockchain and the crypto in a good utility or in a sustainable

way to be utilized by people? Then it could be more sustainable or lasting longer, and eventually to create new revolutionary business models to benefit everyone. So I believe it's about the utility. And I also believe sustainability is the low-hanging fruit to adopt people and adopt the new business model. Think about that. My philosophy is lots of the challenges about the sustainability. I just mentioned about a wrong perception, which doesn't feel right. You have to pay extra to do good or to be sustainable. It's not right.

And secondly, sustainability has lots of the different narratives, SDG, ESG, carbon footprints, waterframes. There are many. So it's quite, and in different country has a different jurisdiction rules or regulations about it. And it's quite difficult to reach some kind of global standard across the whole thing. And also on top of that, most of the individuals feel like left out of the game. They feel like the sustainability, or when you ask normal people about that, their perception is about people flying private jets to Dubai for some big

convention or talk as a keynote speaker on a big stage. But what is something like could be closer or I can touch, I can view it on my daily basis. So it feels like, you know, my effort is kind of negligible and nobody's recognized me. Nobody can actually get rewards about doing the good things. So typically in summary, I would describe the sustainability as actually a decentralized global challenge,

which definitely requires a decentralized solution. So basically, blockchain is made for that. So what we try to do is we build up the DAO ecosystem, a platform, to allow the different applications running on that to, let's say, digitalize the normal user's daily actions, right? What I just described, driving an EV, drink a coffee without waste, that type of thing, or just clean up your corner. A little fractional effort can be digitalized and a record verified by smart control on the blockchain, and you get the reward by token instantly.

So let's say I would consider the blockchain is kind of made for sustainability challenges or issues. So again, decentralized challenge requires decentralized solution to me, just make perfect sense about it. I'm not sure I've asked anyone who created a project or a token this question. So I want to get at it. We've seen this. So obviously, you may have seen the news that the SEC seeks a $1.95 billion fine in final

judgment against Ripple. So the industry kind of won, but now the SEC wants $2 billion from Ripple. I don't know if you saw this. And obviously, their lawyers said, this is a complete joke. Like, we'll be responding. But that was a way to talk about Ripple. But one of the arguments against Ripple in general, having nothing to do with regulation, is that Ripple, the company, could do exceptionally well, but the XRP token could fail.

Or that the XRP token wouldn't get value accrued from the success of Ripple. They could get adoption of Ripple's technology or software, any of these things they're building, but that doesn't mean that XRP has to go up. So what is the relationship in your mind between like your project success on one side and then token value? Is there a way that the token could remain completely flat in value, but you could get, you know, millions and millions more people using it? Or do they kind of track together? Because we've seen in this crypto market, obviously, as you said, we talked about the cycle. If Bitcoin's not doing the right thing, it doesn't matter still

how many years you have. The points will go down together, right? Yeah. Well, I would say it's kind of like, let's say the different token plays different role, at least by design in the different token plays different role in the, at least from by design in the different utilities, right? And for sure, the biggest challenge is how to, let's say, execute the mass adoption about any kind of the token. So I would have, I would have used an example like, like Apple store and also all of the mobile applications in the Apple store.

So basically Apple store acting as a layer one blockchain platform. And the token is kind of acting as like a revenue to the Apple Store, let's put this way, as a whole. But instead of giving most of the revenue, or we even call it the application taxation to the Apple Store, it's more like the revenue was shared by all of the token holders somehow, you know, not directly for sure, but indirectly. The other tokens in the different type of application for different ecosystem on top of running on the layer one blockchain platforms is acting as like different applications.

Or similar, another example is like different applications or similar another example is like isp or cloud service provider and those internet companies right most of the internet companies will choose the different type of cloud service providers amazon ali cloud or google cloud the different clouds so it's different i would say, back to the basics. It's still about the utility of the token and eventually gathering people, giving a more decentralized way to allow more builders to build the valuable and the interesting application that attracts the user to use every day. Yeah. So we talked about meme coins and Bitcoin, obviously, that you guys are building. Are there any emerging narratives this cycle? RWA, Deepin, we've seen sort of these new ones coming. AI, right? Are there any of these that A, you're excited about, or B, that you think will actually see any meaningful adoption in this cycle? To me, it seems like these are the narratives that will really be next cycle, but we're getting the early sort of like metaverse fall, right?

Well, I would say it's kind of like the other cycles as well. It's kind of like, it's a different tools. Let's say we call it the readiness of the infrastructures, right? Whatever for a for adapting of decentralized infrastructure networks or, you know, RWA, it's getting more closer to the real world, to the real adoptions. So I would consider it's, you know, I feel it's a positive sign.

You know, if people, let's say if the market is getting even hyped about those concepts, it's a good sign. It's a positive sign because it makes the infrastructure more ready for the best adoptions. So Dapping is actually representing connecting to the real world, connecting all of those IoT devices to make it more, let's say, able to move the real world assets or real world activities business operations onto the virtual world on the blockchain um so rw even more direct real world assets right so all of those i would say the topic or the or the new trends you feel like getting more and more

closer the same thing like d5 like NFT, the same different tool could be used in a different perspective. But eventually I would consider, including the AI as well, I would consider in the future, that solution will allow people to be able to kind of like play let go with a different type of the new technology protocols and collaborate them together and bring the nice solution there. So, yeah, I think it's a very positive sign for the entire development of the crypto market. Yeah, I just think it's funny when, you know, NVIDIA goes up or Facebook rebrands to Meta. So every Metaverse token goes crazy. Every AI token goes crazy, even if they don't matter.

And so then I think you wait till the next cycle to see which ones actually work. Yeah, yeah. NVIDIA actually provide the future of computing power for the AI. So even if there is no, let's say, NVIDIA is not directly to produce some applications on

AI, but they are providing the infrastructure for that. They make the future possible. So that's why people choose to invest in. So before I let you go, anything else I might've missed? Or do we cover it all? No, I think it's pretty good. I'm looking forward to seeing you in Paris.

Yeah, I guess that's like a week and a half. Guys, yeah. In Paris Blockchain Week, I'm hosting the main stage for one of the days and i i believe i'll be announced that means i'm going to be announcing you i think on that day well i will be um i will do a my keynote part you know to introduce the v better doll to more people so um yeah we're gonna enjoy the meeting together yeah i thought i thought that yesterday too then the day before i wasn't supposed to be doing anything but i think i'm doing two fireside

chats and one of them's with jan van hack who i've never met so i'm really looking forward to I thought yesterday too that the day before I wasn't supposed to be doing anything, but I think I'm doing two fireside chats. And one of them is with Jan van Hek, who I've never met. So I'm really looking forward to that. I think that'll be awesome to interview him. Yeah, yeah, yeah. And then I guess maybe we'll even be dining in the Louvre together, I've heard. So quite a lot happening at FHR's blockchain week. It'll be absolutely amazing. I actually have a better choice about it.

You know, I used to travel to Paris all the time when I was working in the Louis Vuitton. So it's kind of like a second home for me I can I can show you some nice place for sure. You're going to show you're going to show me the secrets. I mean, I mean, well, thank you very much if you show us some good rest. You can miss pretty bad in Paris on the food. So it'd be good to find some good places. Trust me. Go ahead. Yeah. I'll just say please follow Sonny and guys and keep up with everything happening with Vichy and he can get you on top of it we're gonna have to do that ufc thing too as well very soon yeah yeah all right thank you scott yeah thank you guys and before i'm gonna let sunny go for one second thanks sunny guys please follow him a really uh great great personality in

the space building some really important things so yesterday obviously I did chart a Palooza 3 30 PM Eastern standard time. That was fun to get back into it. Uh, especially with the market looking good, adding those afternoon shows every single day, because I hate free time, uh, family and life. Uh, so today we're launching a new show as well, which will be every Tuesday with Andrew Parrish and Tillman Holloway, the guys I had last Thursday. They are going to be joining every Tuesday, talking about ArchPublic. They have this, I've been testing it, whatever. They are insane high-frequency traders, so they have an algorithm. We're going to be putting it actually on display or testing it. So we're going to start a new

portfolio with it today, trade stocks, and then you can actually convert to Bitcoin at the end of the day on TradeStation. But yeah, it is going to be amazing because we're going to actually put it to the test with a $10,000 portfolio today in real time live and update it every single week. And if it sucks, you'll know. And if it's massively powerful and impactful, you'll know. And we're also going to be kicking around a lot of ideas about the market, what's coming. As you know, Andrew's kind of my inside guy, always has crazy insight as to what's coming.

He has friends at the SEC, BlackRock, literally everywhere else that he tends to always be right about what's coming. So that's the new show this afternoon. That's basically all I got for you guys. I will see you on Twitter spaces at 10.15. And then this afternoon, 3 p.m. Eastern Standard Time. Hit the bell.

Look for that link. See you. Bye. Let's go.