The Wolf Of All Streets - Major Bitcoin Setback As TRILLIONS Are Wiped Out In Global Markets

Episode Date: February 24, 2026

Bitcoin is heading toward its worst month since the last crypto winter as macro pressure and risk-off sentiment intensify. At the same time, AI-driven disruption fears have wiped trillions from global equities, adding to broad market instability. With liquidity tightening across asset classes, the question is whether Bitcoin is just caught in global deleveraging — or if this signals a deeper structural reset underway.

We saw yet another major setback for Bitcoin as global markets have trillions of dollars in value wiped out. Of course, we have potential global conflict in Iran, among many other things happening around the globe, making people scared the fear index in crypto below five. Unprecedented levels of fear and uncertainty around the world. And obviously, Bitcoin is not immune trading down as low as into roughly the 60. We're going to discuss all of that and more here with Andrew and Tillman. Let's go. Good morning, everybody, and welcome to the show.

I'm sorry that you just had to suffer through one of my least inspired and just trash intros I've ever done. That was bad. It felt bad. I'm going to be honest, guys. That one felt bad. It was actually pretty bad. I was going to say something, but you preempted it.

The problem is like I'm under pressure because I'm trying to. So hard to get McCoy back. And, you know, they're on the hook. Yeah, whatever. You're making it better. You're rising like a diamond being formed under pressure. I see it. I thought I was.

Then it went bad there right in the middle. It was feeling good. And then I was like, what do I say, really? And first of, let's talk about just the insanity of markets at the moment just to set the picture. So obviously, markets were down bad. yesterday. But it was basically down bad because one research firm wrote a think piece about the future of AI. It's like, it's 2028. And everybody hates you. And your life is left. It was a country song. And it basically like eliminated the jillions of dollars. Right. So we had Anthropic basically can do

cobalt code now. So IBM goes down 30 billion in market cap in like five minutes. These five paragraphs here it is wiped $100 billion in market cap across credit card stocks because basically Citrini research was like, agents are going to go for free transactions, your credit card. 28. You heard it here first. Right? And it's just in a second, the entire stock market is dumping. It just shows how nuts like the reaction to the smallest stakes on the future of AI.

Software stocks are now underperforming the NASDAQ by the largest margin this century. I mean, it is just nuts out there. And I get it. But, you know, when they say market hate uncertainty, have you ever remembered a time when things felt less certain than right now? Well, there's never been a time where we've been more tethered to information than we are right now. So everything seems like, oh, no, what's next? And, oh, by the way, even after yesterday, the S&P's about 2% off.

It's all time high. Yeah, but it's all time high, 2%. Right? And by the way, nobody, 99% of the world had never heard of Citrine until yesterday. Yeah, but 99%. Nobody had heard of them, right? Nobody. So I think there's, there may be a version of this that starts to shift and says, yes, AI is meaningful. Yes, AI is going to do a lot of things that are good. Some of them may be a little bit bad. But innovation is generally good and there is, there's going to be a world. Josh Brown has put out a couple pieces in the last week talking about the fact that, you know, I've been through some of these cycles before where it seems like life changing, world changing,

everything is, you know, everything that you're used to is going to go to zero. And then that never happens, right? That there's still foundational things that have to exist for people to live their life. lives. And so, yeah, 20208, you know, the world's going to come to an end. That's maybe a bit a smidge hyperbolic. Let's peel back a little bit. And, you know, tomorrow is going to happen. We've still got to eat, breathe, buy stuff, exist, all those things. Well, it never happens as quickly as- I don't think you are not panicking enough. You are not panicking enough. We need to panic. It never happens as quickly as we think it should or would. But I would, but I would, I would.

will tell you, I have a little bit of a difference of opinion. I think AI is incredibly deflationary. I think it's good. I think it's going to change every business that's on the face of the earth. That's the truth. And some of the businesses that are the largest legacy providers of, you know, things that are going to be replaced. I mean, it's no different than Blockbuster and Netflix. You know, you could try to fight that but blockbuster the second netflix created streaming was a brand that's it with with whatever cash and real estate and net assets they basically had the business was dead the business had had had become extinct overnight that's going to happen to a lot of of of providers service providers software providers all sorts of providers everywhere on the globe and so to fight it is

is the naive part is like that we should be pressing into the headlines should read. We've discovered something so disruptive that it's so big that all of the losses that we're going to incur from the traditional old system are going to pale in comparison to what we are going to create on the other side of this tunnel. I mean, look, it's not like all these things cratered for no reason. they cratered under this thesis that AI is going to materially change their business model. Ding, ding, ding, we have a winner. It is. And you better get ready for it. And I'm excited about it. No different than I'm excited about how crypto is going to change the financial system and completely flip it on its head.

That's what this says. And it's obvious. And we've all been saying it. But the bulk case for AI revolution is abundance. Yeah, so a real world analogy of this, I think that also gets into assets and prices, right? So Expedia, which again is, you know, search for better prices, which clearly AI is disrupting as we speak. Right. You go looking for the best playing ticket. Do a better job than Expedia does. Well, listen, the biggest name that we don't want to talk about is Google, because I haven't used Google in a year. But at the same time, Expedia is down like 23% so far this year, but Delta Airlines is up 5.5%. Why? Because no matter what you use to figure out the price, you still got to get on a plane to go somewhere, right?

AI isn't going to disrupt the creation of a plane that has to... Well, Andrew, to your point, AI may create margins in your life and create a side business that you couldn't otherwise. manage where by which you're taken 10 times the flights that you're otherwise. There's catalysts that are a lot larger than what we suffer from a cost perspective. I think it's going to be often when everything comes back to in person. I agree. I think that's going to be the most valuable time, human spend going forward and we're actually going to realize it.

Listen, I am sure that the three of us will be replaced by our AI avatars in like three months and we'll be laughing at our own show that we're not actually doing. That's probably true. But, like, first of all, with the AI agent stuff, everybody's terrified of the cloud now because of the privacy. So we're literally seeing, like, people building computer farms that are like the server farms of old going back from the cloud, putting everything in their office. Now you actually want to have a conversation with someone and be sure that you're having

a conversation with that person. You get everybody in the office and you have a conversation because nobody thinks everything's, anything is secure anymore. And there's going to be a thirst for like these, this. As much as I joke about it, like, no, maybe. I'm wrong. Maybe people are going to want to watch like AI entertainers. Cryptobanter already has an AI dude. He's pretty good. Doing shows. Jax. But I think it, you know, I think it's going to basically just create like this renaissance of human to human contact and innovation and getting

back to like building things together. I think it's great. Well, remember Facebook changed its name to meta and already tried this three plus years ago. And everyone, Everyone hated it. Everyone hated the idea that we're going to jetpack our way 15 years from now. And everybody's just an avatar and interacting with other avatars, sitting with a thing on our face. And that's, now we may get there. You know, we may get there 25 years from now. Well, I would argue there's always going to be a beauty in being, using both worlds, right?

You're never going to create a world in the meta that's going to completely, displace your physical body unless you wire yourself into the Gootube, you know, like in the Matrix. I mean, and, you know, more power to you if that's what you want. But I don't think there's going to be a lot of people signing up for that voluntarily. I used to watch YouTube. Are we live on YouTube right now? I don't know. It feels like we are. I mean, like Medever. I was Quickly pivot from Gootube. Oh, it's so dumb. Like, you think about the, I'm just thinking about the meta rebrand.

By the way, we have two stories about meta today, just incidentally. But, like, their best example of it was like your legless little Wii sports guy running around having meetings with other Wii bowlers and we tennis guys. And then you could buy a mansion in the sandbox for like $2 million next to Snoop because they rebranded to Meta. and the metaverse is entirely gone. Like, AI is going to be different. By the way, I don't know if you saw these stories, but I'm just going to bring them up because we're talking about meta. But we have breaking meta has agreed to a deal with AMD

to buy over $100 billion worth of big high computing power, potentially 10% stake in the company. So that's obviously up. But then on the flip side, according to internal document, Meadows adding facial recognition, a feature called impact to smart glasses under cover of an already dynamic political environment.

may never be anonymous to any stranger in a crowd again. Imagine you're walking around these glasses, so it's like, that's not milker. There's glasses. Listen, it's going to be feeding you data like you wouldn't believe. It's going to change everything, and it will make human-to-human contact and trust that much scarcer of a commodity than it already is,

which is a sad thing. But at the same time, it will consolidate into, you know, something that's pure. Well, to that point, you know, two weeks ago, we were all in New York and we were all face to face. And the authenticity of all of that is feels more elevated than it did two years ago, right? Like that has a feeling of this is important. These conversations matter. Relationship building. It has additional value than it had before. simply be because of what we're going through right now.

And I don't think that's going to change. I think that will be even more valuable on a go-forward basis. So, yeah, I mean, lean into both of it, and we'll see where we are at that. Well, that's a great segue into kind of the doom and gloom of the Bitcoin network and why everybody's complaining about price. But when you go to those types of conferences, you see a, room full of builders. And they weren't the builders of old. Like they weren't guys in their basements, you know, they're teams of billion plus dollar market cap companies that are spending

enormous amounts of money on R&D, on infrastructure buildout, on user experience, on all the things that matter to the industry. And you walk away going, there is no way this is bearish. I mean, And this is stuff that takes years to develop, and it's things that break down walls of access, barriers that have been in place for an exceptionally long time. You know, Brian Armstrong had a tweet yesterday that I think made a pretty good, you know, set of waves. And it's about this. It's about access, right?

It's about tearing down these barriers that have kept, you know, the common person from participating in some of these arenas and being able to make. money with their money, which is a very important concept that's not taught in, you know, traditional education. But you look at Bitcoin and the development side. You look at the big money, the Larry Fink's of the world, and how much they're investing in whether they are buyers at this dip or whether they're sellers. They're all buyers. Then you look at the hash rate, which is my favorite thing to look at. You know, to me, Bitcoin is just very simply a network, right? Networks have value. Why? Well, because they transmit information to end points. The more end points,

the more valuable the network. It's just that simple to me. And if you measured Amazon that way, Facebook that way, all the networks, you'd see the value exchange grow proportionate to that that hash rate growth. It's awesome. You know, it's not everything else about Bitcoin right now. No, no, I know. But we're over one Zeta hash for the second time in history, which is the largest. We made a billion dollars today.

Listen, this was one of the things. This is a nerd point, but you just proved my point. Is that having one Zeta hash worth of computational power on a network? It is something that we've had to invent a word to describe. That's how important it is to humanity. We've created the largest network to where now we're having to literally create or use terminology that has never been used before because it's that big. It's important.

And it's continuing to grow. And that's the value indicator that I think is most correlated to upward trajectory of price. There are there are very much. market bottom signs. Everywhere. Everywhere. I mean, every day there's multiple fair market bottom signs.

So my favorite tweet yesterday and I quoted it. It said Bitcoin is dead at 13. Bitcoin is dead at 3K. Bitcoin is dead at 16K. Bitcoin is dead at 64K. And then the line, the funeral keeps getting more expensive to attend.

And, you know, that's so well said for people that have lived through cycles. Wait a minute. What's fear and greed at? Is it at single digits? Yeah, but it's up big. It's up 60% from five years. Yeah, what's that five? Five was the lowest ever.

Yes. And it stayed that Dave Weissberger pointed this out yesterday. He said, hey, go down to like the one year or whatever. And yeah, we're like, we're breaking to new lows. And I went to the max. And it was like the lowest even in 2020 was nine. Eight. Oh, there was a six in here. Yeah. Yeah. When basically F. FTX, when everything blew up. Like in 2022,

half of the companies in Bitcoin slash crypto just died. And the fear of which domino was next. Like FTCF, it was just, yeah. Correct. So my point about there being, you know, bare market bottoms everywhere, that's the point. We got to five.

And we were, we got the five, by the way, when we were in the 70s, literally in the 70s, right? And we're now down at 64. and somehow sentiment's gone up, like you said, by 60%. Telling it.

Yesterday we're at five, though. It's just, yeah, which is weird. Maybe they just haven't recalculating us at 62 at 62,000. Those bottom signals, it's crazy to me, right? And listen, exactly. But we're actually even getting, like, the actual bottom signals. Wait, I mean, I'm cooking through a few tweets here. We have a lot of World Liberty Financial Fund that we'll get in a moment.

But this one, like, we're back to the actual 22 stuff. Terraform estate sues Jane Street over trades tied to 2022 market collapse. Like if you guys remember, obviously Jane Street jump, I think actually already got in trouble for this. Market manipulation and insider trading during Luna. But now Jane Street, aka where SBF like started, right? And here you go. They nuked a whole protocol and sent a dude to prison who had a newborn. Plus people literally committed suicide due to this crash.

Welcome to the markets. And this is from Zero Hedge. And there it is. Jane Street was behind the 2022 Crypto Winter. destroying Terra form by first to pegging the token and destroying the ecosystem, then pretending it would rescue Terra while effectively it was soaking up what little value were made. If you want bottom signals, we're literally back to the 2022 bottom signals recirculating.

Yeah. Yeah. So, you know, lawyers suing old and dead companies whose founder is currently still in prison. I mean, yeah. I mean, there can't be a bigger bottom signal with that. By the way, how many articles have come out in the past two weeks questioning what does Bitcoin really even stand for? There's nothing about it that seems to be true or gives it value anymore.

Everything's gone. What are we even doing here? Those are, again, flashing red light bottom signals. And that doesn't mean that we stop at 62 and we go up from here. It just simply means that these are great entries, folks. like these you know over the next three to six months you know you know what i i will say this though the i can't remember how many millions but i think it was like 500 million almost a billion dollars worth of leveraged lungs were liquidated on sunday um as long as long as people keep buying

bitcoin with huge amounts of leverage get ready to get volatility um that So, like, if you're picking bottoms, you know, this is a saying that has been, you know, ringing in my ears since a young boy, which is like, don't try to catch the falling knife. You know, don't try to time the exact bottom. Be prudent about your capital allocation. And I think that's what we're seeing with the treasury companies right now is like, none of them were prudent in their capital allocation. What do you mean?

Michael Saylor is the only one that's getting. to keep he's driving his average cost down by re you know raising more money down here and he's being effective in that but that's that's yeah he's still way down but i'm just saying he's he's at least adding to the stack and and and has a capital lever to pull to get more bitcoin purchase so he's lowering his cost basis by the way i know we're mainly bitcoin centric on this show but can we take a minute to to um i think what time Tom Lee's done with Ethereum, right? So basically Tom Lee, it sounds like, you know,

hey, he's just copy and sailor. Well, that's not the worst idea in the world, right? But Tom Lee almost every week is announcing additional purchases of Ethereum. And it seems like that may be the other digital asset Treasury company that survives, right? I mean, it's, I know he's down, right? But listen, they keep

adding sometimes multiple times a week. And it's not small amounts of Ethereum, right? It's, it's meaningful amounts of Ethereum every time they do it. By the way, that it's clear bear market hair poof for time. Yeah, I mean, we couldn't get more bare market. If that isn't a bottom signal, I don't know what is. I don't, I agree with you just from a simple like, you know, sometimes from an investment perspective, you just bet the jockey. And he's a hell of a jockey. And I wouldn't bet against him. I wouldn't be shorting whatever he's involved in, I'll say that. But he is going about

it in, again, a very sailor-esque way that instead of, right, so you got a huge amount of capital influx and what did he not do? He did not do the dumb thing that most of the other treasury companies did and just hit, I'm buying $700 million of Ethereum right now,

right? He's continuing to be Well, he's more Wall Street exposed. I think if you look at really the people who smash bought, you know, it reminds me of an old saying, Coach Mack Brown used to tell us, you know, people dance with the girl who brung them. And, uh, yeah, a lot of those guys have been smashed buying their whole existence in Bitcoin. And it's paid off exceptionally well for them. I don't, I don't fault them for that. But when you're in traditional markets, the question isn't about return anymore.

that's not the first priority. First priority is risk. And to understand this, it takes decades of Wall Street experience. I was going to do this earlier, and it doesn't land anymore, but I took the time searching for a South Park meme. So now I want to share it anyways,

but this was going to be my live look at Michael Saylor and Tom Lee right now. But it just didn't land. I knew it wasn't going to land, but I still, it's what it made me think of them. I didn't hear no bell. It ain't over yet until the fat lady sings. You know, people are declaring them dead.

Those are bottom things. Like going to zero. The sailors dead. That's probably a better meme for like knock a stock. I really want you to envision. That's pretty bad. Do you guys remember when Bitcoin, the crash to 3,500? God, when it went from 6 to 3,500, it was like 6 forever four.

Forever. We were like, floor, floor, floor, and then it was like 50% down in a day. Well, I will tell you, though, what would you give to back the truck up at 3,500 again? Have you heard my story about that day? No. So I didn't profit as much as I maybe could have, but we were at 6,000 for God knows how many months. A long time. And the day before it dropped, I was sitting there and I was like, I'm just going to put some stink bids. Like they'll never hit, but like I've been sitting here waiting forever.

Like, why not? I didn't think six was going to break. I put in bids at like $4,000, $39, $38. 12 hours later, like I wake up, you know, like it was like 6 o'clock at night. And I wake up and price is $6,000. And I go about my day. And then I like, you know, an hour later, I check the news. It's like Bitcoin crashed to under $4,000.

And I look and I filled on all this stuff. And it happened in that 12 hour period. I had no idea. I sold half of it immediately. Yeah. I was like, I'm up. You're a genius. I'm like on Bitcoin in 12 hours on Bitcoin. Like some meme coin.

But yeah, like it proves. You know, I could have completely missed it. It was a blip. I wouldn't miss it with your software. And I wouldn't miss it being very lucky on a stink bid. But I'll never forget that day because it was like the greatest Bitcoin trade of my life that happened while I was sleeping that I did nothing. but well i'm no i'm no market predictor but wouldn't surprise me if we see a really large sweeping event and a parabolic candle up like that it's happened so many times in our history that was one

example of it but it's happened literally i can name five or six off the top of my head it's like the you know that juicing machine that can get just grinds it to the absolute pulp well that's what they like to do with the leverage liquidity in market. So as long as people keep low and leverage trades on there, the volatility is going to sweep that liquidity. And that allows them to continue to accumulate. That is what a rounding bottom is. And then once they have their position, they let it rip. And I think we're, I think we're in that stage. Who knows how long it's going to take, though? I mean, it's anybody's guess. But this is when you start DCAing in and when you are aggressive in your...

That's still holding the other half. For the record, still holding the other half. Good for you. $3,000 Bitcoin. Like, that was a thing in not such distant past. Well, we could... What if we see a candle down to 49?

It'd be the same thing. What I need is, though, because I'm obviously software based, I need it to stay there for a second. Just close a candle down there. We can't get that like one hour a wick where it's all the way up and we close back up. By the way, like, we'll talk about more bottom signals because this is fun. You can set up a one-minute candle if you want. I know.

You know, I should do that. No, we should do that. Like, if we get a 10% like 10-minute drop, I'm going to put that in. Can we do that? Yeah, yeah, you can. Yeah, because like what if we get one of those like flash wick 15% on some exchange and it just happens in one hour? And then it goes, yeah, we should do that. Yeah, you may not get filled because it may not stay down there long enough.

But that's no harm, no foul and trying. one minute. So here, I don't know that this Zach XPT announces major insider trade investigation dropping February 26. I don't know if that's at all related. I mean, this is crypto. That could be literally any entity period. But USD1, nearly deepags. Eric Trump allegedly deleted some World Liberty Financial tweets.

There's people online saying he deleted all those tweets. Andrew, you were like he deleted too. World Liberty Financial then claims it was a coordinated attack and they've been hacked. And then Eric Trump posts about World Life. So, yeah. And then we've got, as we go through it, just quick, he's deleting all crypto. That's not true. This is peak crypto Twitter, right?

So we have no idea what Zach XBT is going to actually announce. Words like nearly and allegedly are all. Maybe, maybe possibly. Maybe possibly something good at. Like it's, you know, it's the only thing we need for this story to really work is somehow for Bitboy to be involved. That would be very at the top. It didn't not deal anymore, I heard. I thought that Ellie's making videos and stuff. He is. It is. For a while, then I think he went back into the can.

I mean, again, bottom signals, right? So the most interesting thing in the world of crypto Twitter now is something that nobody has any idea of what's even happening. It is what is what it is it's like you know crypto Twitter has always been um a version of junior high slash you know the title of that article should be grasping for straws i mean it's just like you know what are we even talking about it's uh just noise it's the definition of noise not signal um the well it's typical also of just you know news in general these days you know you can come up with a juicy headline that includes nearly and allegedly. And then everything around it sounds like the worst thing you've ever heard. And then four weeks later, none of it is true. But, you know, it's like the rumor that

makes its way around the world before the truth actually shows up, you know, half the world is still going to believe that rumor. And so it is what it is. It sucks, but it's, it is what it is. And so people found it interesting or compelling. And then again, you know we had across twitter you know half of twitter talking about i miss gerry gensler like are you serious are you serious um you know half of the company i think that's tongue and cheek no it wasn't that that that was the real deal like people like hey it was actually better why was it better because he was because he was driving a lambo and had a nice piece and shade It's bad token, so that meant Bitcoin could thrive.

Like, that was the thesis, right? It's so stupid. Yeah. See that BitBoy owes Kevin O'Leary a couple million bucks? Yeah. You know, definition. But just a few, like, buy bit links, and he'll be good to go on that $2 million. Oh, no, man.

He might have trouble. Yeah, you may. You know what? I think what we are experiencing right now are the growing pains of utility. based value. We have been in a speculative, like hyper-speculative market for so long that it's been funny money. You know, the pump funds, the ICOs, the NFTs, all the crazy exchange listings, and just the chasing our tails, most people have gotten wrecked through those things. that has been the juicing of the lemon, the orange, you know.

We're at a stage now where we have trillions of dollars of tradfai capital that is letting all of that hype deflate into consolidated accumulation. And, you know, that should be pointing us to a lot of hope for the future, not a lot of desperation and despair. Now, granted, if you're looking in the rearview mirror, We all have wounds to lick. Like, I can, I know personally a lot of the three of us. If you've been in this game, you've taken licks.

You have scars. You know what volatility can do both sides. And so, you know, you can either sit there and cry over all the lost opportunity that you've had, or you can go, you know, that was one of the most incredible educations that I could have ever purchased better than a master's degree but like i i am so far ahead of the game as it pertains to understanding where the world is headed and that is priceless because you're able to now navigate the waters and and be a thought leader in the space not as a fate thought leader but somebody who's actually you know been here long enough to survive those wounds and that that's that's a positive

thing larry's going to get his own wounds just like sailors got in his wounds you all remember remember in the Bitcoin conference 2021 or maybe 20 may I can't remember which one but where everybody was like when it hits 17,000 sailors bust he's going to be homeless under a bridge in Miami he can't even afford a plane ticket home from the conference that's what the joke was and you know it's it's it's just history repeating itself over and over and over again uh just new new audiences have never seen the ending before so this is why i i enjoy you know spending meaningful time with tilman holloway because you get that sort of thoughtful you know uh response to to meaningful narratives but you also get goob tube you know what i mean if you get both of all your thinking

buddy if that's one scene that has stuck in my head for the movie it's that maybe it's that go get your go tube thing yeah you know we're all in the honeycomb together just thinking we're living great lives and no we're just getting wracked in our goo tubes yeah even i'm in shock right now Call me Troy, New flavor, goo tube. It's great with my palm. So, yeah, but there's something I've been excited about,

which is that after all this boring price action, we finally started buying again. Yeah. Yeah. I'm sure you guys noticed being that it's, you know, algorithms you built. but it actually is great because it was not buying kind of up in 68, 69 while we were sideways, and now I'm buying down in 6362. I also am going to be honest, I have some manual bids myself down here.

Shocker. Sorry. Let me guess. You go off script during your podcast too. No. Call me. But, yeah, but I mean, I'm loving buying down here, but the algorithms have been triggering again.

I think yesterday the six-hour hit on Bitcoin, my daily hit on Salana. I turned off the 6 and 12 on Salana on Eath because it just kind of became noisy for me. And Bitcoin daily definitely hit yesterday. Yeah. Anytime we see these huge drops, depending upon what you are trying to achieve in your settings,

you know, most of these strategies have a position that will be triggered at the close of the candle. and the parameters being met. And so you have a lot of short timeframes, also long time frames. So when we have massive drops in the market, it triggers across pretty much every time frame a buy. And that's a really great way to aggressively buy the dips

because there's sometimes where candles will wick down and you'll get a piece of the action because you have a four-hour candle that has a trigger event. and let's say the price closes at the four-hour level triggers that event. But it doesn't close on the 12-hour. Well, the 12-hour won't trigger. So it is, you know, if you really are wanting to buy the very tippy dips, then that's how you did. There were times when it was like one time.

I can remember. It was like Sunday at 7 p.m. So, you know, it's the weekly close. I think on Eith, Salana, and Bitcoin, I had the six-hour, 12-hour, daily, and weekly trigger all of them. It was like 12 buys. I was like, ding, ding, ding, ding. Go.

Well, what's really fun is when you have the 12 cells in one gandol, because then it's, you know, you have these fluctuations in, in capital placement. And that's what you're really wanting to do. You're wanting to allocate capital across a smooth cost curve, but take advantage of yield harvesting along the way when volatility presents itself. Yeah, but I mean, we're just, we're just buying. Yeah. I look forward to it. the time when we're starting to really crank those sales on some of the all coins. It's when we're ripping. Yeah. It's a lot of fun. Everybody loves those times, obviously, too.

But I will tell you, you know, you make your money on the buys. That's, you know, ask anybody. Let's describe that. I want to go into that a little bit because as a young man, I heard it all the time, but I didn't really understand it. You make money on the buys. Because you should be buying when everyone's puking up their position for cheap. Why? Because cash flow is king. And when people have liquidity crises, they're willing to sell things for pennies on the dollar to get the liquidity they need to keep the most important things in their life afloat. That's when you get deep, deep discounts.

So buying cheap is where you make your money, not selling. Because selling high is most of the time a very selective number of buyers and it's hard to fill at the very top of those peaks. So you really should be DCAing out of your position. I tell people, you know, from a mathematical perspective, you should be pulling profits off the entire curve up proportionate to what your risk tolerance is. If you're a very risk adverse person and Bitcoin's doubled in price, you're a very risk, like it has over the last, you know, three years,

I don't blame you for harvesting a lot of profits at 125 or 100 or 109 or 89 or whatever it is because you played those that game well. Time to reset and play another leg of the race. And I think we're about to have a fun one. You know what I'm going to do? I'm going to run a whole other portfolio with Archbubblin instead. Because we started it. 100 is now many multiples and now I'm going to launch one on OKX.

Yeah. I think other things with more volatility on all coins that they have that I don't have on the others. I think the future of tokenized equities is going to make a massive, massive, it's going to spur on a lot of trading in our space. It's going to bring a lot of excitement. It's going to bring a lot of arbitrage opportunities. we're already planning a huge software suite, you know, focused on that as a launch. It's going to really bring the markets together in a way that we've never seen in our whole life. Think about it.

You're going to see, instead of it being the New York Stock Exchange, the Comax, you know, all of the different markets, you're going to have now this unification, this bridge that's literally allowing you to play across every market. You could, you know, go play in the Japanese markets and the London markets, you know, instantly through tokens. That's huge. That is crazy huge. So we, our data and research team just put together a, you know, bear market case study yesterday and finished it off. And let me give you some statistics from the previous cycle high, so 2021 until yesterday, if you would have bought and held Bitcoin during that period, you would have made. made a net buy and hold number of 8%.

Eight. Not great. Okay. You know, keager on that. Probably not that awesome. If you would have used our Oracle protocol, which, you know, fairly focuses on, you know, evaluating lows, evaluating dips, evaluating opportunity in tough markets, you would have made 189% from 2021 highs until today. And if in, you know, 2,021 highs, what was that? 69.70.

We're at 6. That's running the Oracle on what time frame, like just the standard? You can go, you can go look at the case study on our website. But each of the case studies has snapshots of all the settings that you can. One winning the bear market? Yeah. I love that. It is a, it is a, point being is, what does Bitcoin offer besides number go up?

Bitcoin offers volatility. Volatility remains a feature, not a flaw. And, well, you're looking at it there. If you harvest it. Yeah, right. It's like me saying to you, wind is a feature, not a flaw. But if you live in Kansas with no wind turbines, it's a flaw, I promise. If you live in Kansas and you stack wind turbines on your farm, it's a feature.

You know, it's depending upon whether you have the equipment to harvest it or not. That's literally the, or the skill. I mean, if you want to sit in front of your computer all day, measure, you know, volatility parameters and try to time the, you know, the bottoms of candles. A lot of people do that, but it's, it's a highly taxing endeavor. Highly taxing. Emotionally. It's crazy. There's a crypto only example.

Your questions, Scott. Like, what are the settings? Whenever we do a case study, by the way, we put the settings in the case study. Like, there it is. Like, when you have questions, the case study itself will answer those questions. Yeah, that's why I went there because you obviously weren't going to tell me. But then the only example is actually kind of crazy because you don't even have cash on the sidelines and you're still making money. That's correct.

So we were very intentional with this case study to make it just about, hey, you've got a stack of Bitcoin. So what happens with that Bitcoin? By the way, you end up with, you know, meaningful amounts of more Bitcoin, you know, plus 1.5 BTC over that time period. No additional cash required. So you get 180 plus percent return over that time period versus eight. And you end up with more Bitcoin. Like, you know, like I said, this is. is why I enjoy hanging out with Tillman Holloway. There's a big brain that also says things like Goop Doop.

You know what I mean? Well, I want to touch on something that this case study came about because a customer of ours said, I don't want to do the arbitrage. I want to just buy and hold. And I said, well, what percentage of your capital do you want to keep free for more buying opportunities, buying the dips? None. I want to be 100% allocated in my capital.

And I said, listen, I know that sounds from a BTC purist perspective like the right answer, but you never having dry powder available for the dips, you're missing out on huge discounts. Do you see that? And the opportunity cost of not having that dry powder available is more. than the losses of you potentially incurring by having that capital place.

The only event that you'll be right is if Bitcoin goes to 500K tomorrow. If it doesn't, there's going to be a lot of choppiness between now and 500K that you can take advantage of if you keep dry powder. So it's a mind shifts.

It's like you have to start thinking about the volatility. is being this great immediate discount that you can achieve on something that you think has the same value prior to the discount being offered. And so you take advantage of that and that becomes your buying curve because that allows you to appropriate capital very effectively on the curve, thus reducing the volatility risk. And at the same time, giving you profit targets that are across the entire curve so that when the volatility happens, to the upside, you're able to capitalize and take profits on those trades, which is the objective. Don't go broke making money on trades, right? No one ever went broke, taking profit.

Correct. That's the saying I was looking for. Thank you. Guys, seriously, can we launch GoobTube? I feel like you have an AI agent spin that up in five minutes. Of course. Yeah, that's right. Put it into Grok and it'll happen immediately. know what Goob Tube Tube's going to be. I have ideas. It's all, it's an AI agent YouTube, where you're not allowed to be on it unless you're a Goop for its Reddit. So you have to be in the goob. You have to be in the goob to be in the tube.

By the way, speaking of the green goob in the, in the, you know, just goo? Where's the bee come from? Yeah, where's the way? See, that's what I'm telling you. The genius involved here is sometimes And I'm going to be honest, Goub. Goub is more like YouTube than Gubechooop. I think I said Guteube at the beginning. We need to go to edit and figure that out.

And I think you guys might have, you know, because it's funnier. Yeah, I think. I think I think so. I like Gube too. It's just as a certain. Genetic Claw, I would think. By the way, we,

under the guise of rumors versus truth, you remember how like three weeks ago, the world was coming to an end because supposedly AI agents had created a chat group that they were all in. Like molten or whatever the thing was. What color shirt are you wearing? I'm not wearing a shirt. I'm an AI agent. That was all fake.

The whole thing was fake. But again, more than half the world believes that that actually happened. It was just like, you know, people in different parts of the world acting like that. was a real thing. The whole thing was fake. You know what it tells you though? It tells you that media is is consolidating our frequency, right? We're on the same frequency globally and people have

figured out that if you can manipulate that frequency, even a little blip, it's worth a lot of money. We don't even know, actually. No, to know what it is. I'm sorry. I just saw that. You tell us what the show is about. What did you like the show to be about? Tell it our AI. I don't know what to do. I think we're done.

Wait, should we talk about the funds? We had some time. Yeah. Yes. Speaking of prudent ways to buy Bitcoin, we, you know, we started a fund, accredited investors only. we'd love to talk to you about it if you meet the credential requirements. It's about buying Bitcoin with earned capital. So if you've heard about what Steak and Shake has done, where they are taking net profits from restaurants and they're buying Bitcoin,

I came from, you know, the mining space. I love the idea of incrementally earning Bitcoin. That's something powerful to me. I think it once you do it, even at the smallest level, even if you're at the ninth digit behind the decimal and you see every day your Bitcoin account growing a little bit, there's something very intoxicating about that. And you can't do that as a retail person in the mining space anymore. It's pretty rough. You're losing money from electrical costs in most cases.

But you can, if you own a small business, and you make money every month. You just appropriate some of your net profits into buying Bitcoin. So the fund is looking at doing that at scale across quick service restaurants, commercial properties, and there's a lot of advantages from a tax perspective in a real estate vehicle like this, 1031 Exchange, accelerated appreciation under the big, beautiful bill, all of these advantages. But it has this Bitcoin accelerator to it where we're appropriating.

you know, 50% of net profits of these of quick service restaurants into our Bitcoin Treasury. Very unique model. It's one that's not predicated on borrowing money or issuing paper so that we can buy more Bitcoin because we think that's how the Treasury companies have gotten in trouble. And it's also predicated on the fact that buying on a healthy cost curve is the way to eliminate risk in a highly volatile market. And there's nothing more incremental than buying every time somebody fills up a soda and putting, you know, cents per dollar into a treasury application. We think Bitcoin has presented the characteristics of being the best savings account that you can possibly store your value in. And we think that this is going to highlight

those features exceptionally well. So if you're interested, reach out to us. We'd love to continue a conversation, get you in the data room, let you see all the projections and PPM and all that stuff. Highly recommend. You might get to talk to Tillman. We should put one on the Gootube and we really go viral. No. Got to be a blockchain-based YouTube called Gootube. That's the next build. That's what this show is about. YouTube days. Yeah. YouTube days. Yeah.

Well, I don't know like this show has reached. No. Well, I mean, when someone hits you with that, what's the show about? And you don't know if it's sarcasm. You know, maybe he just signed on. It was like, hey. He's been listening.

sitting for 30 seconds. Anyone in the chat can help? And then all of a sudden it's just like Goob Tube Tube and invest in our fun, but also AI. Take you over the world, crypto, Bitcoin. I heard Larry Vink was tuning in. So at least we've got him as a listener. He's very interested in the Gootube.

I'm going to definitely go watch some Larry King videos on YouTube when we're done. Sure. you guys have become the Seinfeld of you too. That is, listen, I take that as a, that's an honor right there. Seinfeld is, is the absolute pinnacle of

TV and cinema. It really is, yeah. I don't want to know that. We are, but. Yeah, I don't want to know that either. That will hurt my ego because I think I have an idea, but I do not put it in the chat. I'm not going to look, okay.

You're lame. Oh, man. Again, just because it's recent, right, the best, you know, the best, you know, 90 seconds is we've got to pick up wine on the way to the party. And George is like, why? Why do we got to pick up wine? They invited us, and we have to bring a gift. Why?

Because we're adults. Chocolate and bobca. Well, I don't drink wine. When you drink Pepsi. I drink Pepsi. I'm going to put a Pepsi. You're never going to make a show like that. Africa society is very complicated.

It's, you know, it is what it is. If I could delete all of the TV and movie scenes from your head and inject it with useful information, you might be the next Elon Musk or Bill Gates. Useful information. No, it's not. Very, very useful. Very, very useful.

I mean, there's people still here watching. That's right. They're hanging. They are hanging in our every word if YouTube is going to be real. They want to know, right? That means that means that means that you know that you're not. That means that means that you know who is definitely Newman. He's definitely Newman.

Mike McClone is definitely Newman, right? Hello, Newman. All right, we're leaving because now it's going to be like, who is such and such, and then they're going to be offended, and then we're going to get the email, and I'm going to get sued. George just stands as epic as it's ever been. I'll take Elaine. Elaine, I'll take that on.

That's fine. Well, you dance like Elaine. I've seen you dance before. You definitely dance like Elaine, a little bit of herky jerky there, all right? Listen, dancing is not an asset to my life. It has never proven to be, nor will it ever become. For two Georges and a Kramer.

None of us even get the honor of being Jerry Seidelt. No. Three Kramer. One minute. Kramer's enter, one Kramer leave. As long as I'm not putty. I don't want to be putty. That's not a good one to be.

Seinfeld was so far ahead of the curve. Puddy was raw dogging flights, you know, back in 1996, right? She's like, you're just going to stare? He's just going to sit there? Yeah, that's right. I thought he was Elaine's boyfriend, the mechanic that was just dark. Aren't you going to read her? No.

She's going to stare. Yeah, that's right. Just going to stare, yeah. I'm just going to stare at the people leaving. Vegetable lasagna. We listen. We're doing our Tuesdays of service for next week. What's your show about?

That's what? How we wrap it up. We touched on a lot of important topics. We can have fun, too. This is very early in the morning. If it's not fun and I'm not laughing, I'm falling. I'm going to sleep. So I'm glad this was a good show. It's fine. Well, that's all we got for you. We will be back next Tuesday to talk about God

knows what. But it's going to be great. And I'll be back tomorrow with somebody that's far less entertaining than this. We'll see you that though. It's going to be great. Bye, guys.