The Wolf Of All Streets - Urgent: Bitcoin About To Break Its All-Time High!

Episode Date: October 15, 2024

The latest news and market updates suggest that Bitcoin may be on the cusp of a major breakout. I am joined by Andrew Parish from The Arch Public who will help me break down the recent developments in crypto and provide his bullish outlook! Unleash algorithmic trading with The Arch Public: https://thearchpublic.com/  Andrew Parish: https://twitter.com/AP_Abacus  ►►WE JOINED ROUNDTABLE! POST, INTERACT + EARN  👉https://roundtable.rtb.io/shortUrl/1nOLUZe ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/   ►► The Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities!  👉https://thearchpublic.com/  ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. Use code '10OFF' for a 10% discount. 👉https://tradingalpha.io/?via=scottmelker  Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.com/ Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Investments 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.

urgent. Bitcoin about to break all-time high. I read my title and I went and looked at the price and got really excited. But Bitcoin is still at around $66,000. It's not yet breaking the all-time high, but a hell of a lot of people think that it's going to in the coming month or two. I happen to be one of them and I have a feeling today's guest, Andrew Parrish, aka AP underscore abacus on Twitter from Archpublic, thinks exactly the same. We're going to tell you why people are looking for that new all-time high soon and why we are optimistic on the price of Bitcoin. And we'll probably talk about a whole lot of other topics as well. Let's go.

What is up, everybody? I'm Scott Melker, also known as the Wolf of Wall Street. Before we get started, please subscribe to the channel and hit that like button. I'm going to go ahead and bring on Andrew Urgent. Urgent. Urgent. Itgent. Urgent. It's all happening now. Well, listen, the price action has been awesome

over the last couple of days and still is here today. And we are in October. I know that there were many a folk that found it funny to talk about down-tober or some other version of not-October in the first week of October. But true to form, there's more than four or five days in October. Really? Yeah. You're bringing the alpha here, the things that you just don't know. You know, it's crazy. People look at calendars and they have a hard time discerning Bitcoin price associated with a calendar.

And so, you know, the follow through on having the follow through on, you know, sell in May and go away. And then volume comes back in mid to late September. And here we are in October. And, you know, BlackRock not only is giving all kinds of presentations, but they're even talking about Bitcoin on their earnings calls. You know, Larry Fink talking about it. You know, there was, you know, commentary yesterday from him associated with, you know, where can Bitcoin go? Where can, quote unquote, digital assets and crypto go. He made a passing reference to, well, this is the in the same way that we saw the mortgage market grow. And by the way, when he's talking about the mortgage market, he's not talking about just hard assets associated with houses that has

existed for forever. He's talking about the financialization of mortgages and what that turned into. And so look a couple levels deep when he talks about these things. It's not just the hard asset value, it's the financialization of that hard asset. And so that's where Larry's head is at, is that it's not just Bitcoin is going to be worth X amount in the aggregate. It's the fact that there's, you know, again, iBit was the first to have options approved on it. We now have custody associated with, you know, big traditional banks associated with Bitcoin and Ethereum. These things are going to turn into layers upon layers in the same way that mortgages and the hard asset behind mortgages turn into layers upon layers.

So yeah, October is back on, but there's a reason why. There's a rhythm to financial services and wealth management that exists in the real world. And that rhythm is nobody is taking a meaningful quarterly review of their portfolio in August with their financial advisor. Nobody's doing that. People are doing that late September, early October. So if that's happening and people have heard about, you know, Larry Fink talking about Bitcoin for forever over the past six to nine months, they're going to ask questions about it in that review session. And what ends up happening? Well, you get a day like yesterday where there's more than 500 million in inflows into Bitcoin ETFs and a little over 100 million in inflows into BlackRock's product in and of itself. So, you know, these things, that's the biggest inflow number, by the way, since I think June 3rd. That's a big number. 1492, June 3rd. That's a big number. 1492.

June 3rd, 1492. Yeah. That's a big number for inflows. And again, you can go to additional layers of that. So you go to the next layer and you say to yourself and the Bloomberg Bloomberg guys did a nice job of this. We're now at let's call it nearly or at 20 billion in net inflows. Right. So for the for the asset class. And so the asset class is let's call it nine months old at this point.

I remember, you know, being on spaces with you and Spaces with you and others when we were at the point of launch with these products. And people that were mega bullish, like absurdly bullish, were in the $5 billion to $10 billion range in the first year for these products. We are two times at $10 billion and four times at $5 billion, that level. And we haven't even finished out a first year. So get back to me in the middle of January of next year and see what that number is. My guess is that we'll be at $25, maybe even $30 billion at that point. So this is as successful an asset class launch as we've seen in the ETF space, in the financial space in a long, long time. And I know that we live in this bubble that is crypto Twitter.

And there are times where even in the crypto Twitter space, people get bored with talking about Bitcoin. But just pull back just a little bit and realize that what other asset class over the past decade has moved this way through the traditional rails of finance this fast? Nothing. Nothing has. It's wild. When you make a joke or two about October, be careful what you wish for. You know, there are powerful, powerful forces at work here associated with moving people into these. A quick look here. A quick look here at the, this is on the Thai terminal, but it's an ETF terminal. I mean, 58 billion now in total market cap. Grayscale down to 14 and BlackRock's at 24.

Remember, we were not long ago, I was saying this is going to be the real flippening. I mean, it's left it so far in the dust. It's a joke. Fidelity is 11.85. It's going to pass Grayscale. It's going to pass Grayscale. As well. And you've got, I mean, even, you know, we got 2.7 billion in Bitwise.

They did over 100 million yesterday, Hunter told me. $3.2 on ARK. I mean, these are all big ETFs. I mean, Valkyries is not there now, because that's coin shares. But a few of these kind of failed. But even at the very bottom end, $459 million, Franklin Templeton, that's nothing to sneeze at. No, and Franklin Templeton, you want to talk about a boomer company. These are people, Franklin Templeton investors still have a bunch of money in mutual funds, much less ETFs.

So that number, that total number that you just showed, almost 60 billion just in ETFs. That's a remarkable number. Another stat that came up this morning, I think, is that, you know, the ETFs in totality are getting very, very close to both to the Satoshi number of total, you know, total Bitcoin in their in their coffers, so to speak. You could also make the case that that BlackRock is is is making a push. I think they're number three at this point in totality of Bitcoin that that that they have under their quote unquote custody. It's those are Those are big numbers. Now, I had a conversation yesterday with Caitlin Long via DM talking about BlackRock's position with Bitcoin in total. And we agreed short and medium term that Black Rock's involvement is obviously extremely bullish for price, right? Extremely bullish for price,

that there's clearly a floor associated with Bitcoin price that's very, very different than what we saw in previous moves, in previous cycles. But her long-term concern with BlackRock's, you know, involvement in the scale of owning that much Bitcoin, you know, goes to her thoughts regarding, you know, governmental control, the Fed, you know, money. There are some longer-term issues that Caitlin, you know, probably could speak to that are of interest. I've said for a long time that the Bitcoin ETFs, again, short and medium term, and let's call that 12 to 36 months, are wildly bullish for Bitcoin as an asset.

You go out four to five years and where are we at with that? Is there a world where self-custody Bitcoin is quote unquote more valuable or worth more than the Bitcoin that sits inside of ETFs. Interesting thought process and way to think about it. But as it stands here today, we're about to crest 66 again. There's just such a difference between the way that Bitcoin acts, say, three years ago when Binance was at the helm, right? You get movements like yesterday where you've got some real significant green candles. And then overnight, basically almost nothing happens, right? Almost nothing happens overnight. It's literally during trading hours. Yeah, it's during trading hours.

You can look at longer term charts over the last, you know, let's call it two months. And the spikes in volume look like, you know, let's call it two months and the spikes in volume look like, you know, somebody's pushing buttons at the New York Stock Exchange, you know, at the open and near the close. That's not a bad thing as it relates to the fact that you're not going to get, you know, there's no version of an 80% pullback that exists really anymore um at least not in my estimation but at the same time um you know it it adjusts the way that that that bitcoin trades and uh yeah it's just you know it to me it continues to be um yeah look at that um i just wanted to show this title in context of what we're talking

about with larry fink i mean digitizing the dollar blackrock ceo reveals his radical plan for ai powered crypto that's predicted to blow up the price of bitcoin i mean so obviously as you and i were talking about before the show i mean he sounds like satoshi when he talks about it i'm not saying what you can just stop define whether his intentions are good or bad whether it's for good chain the white paper but there's clearly been an evolution at least in his narrative but he even recently said ethereum is wildly underpriced and now he's talking about you know ai powered digitized dollars on ethereum and this guy is not just saying buy and buy buy and hold bitcoin he's saying blackrock's going to lead the world in changing the entire financial system with tokenization

that's what he's saying and he said it in their letters and it's larry fink man it it's turned into you know black rock as a crypto company and that is it's it's like a strategy yes yes yeah it's very hard to it's very hard to to to fathom and i and i'm a guy long in traditional finance. Even to me, I listen to what he's saying and I'm thinking, holy smokes, man, what does this mean for the next 36 months associated with BlackRock and these assets? And it can't be anything other than just wildly bullish. So the spaces yesterday, there was some talk about L1s, L2s, and just overall the space is just so crowded right now. There's so many versions of these things, right? And it harkens back to different levels of history. At one point there were 245 car companies back in like 1932 or something, right? And then there were four or five or whatever the number is now that are of interest.

I think we're going to go through that process, but in the same way, the quote unquote internet bubble, right? When the internet bubble happened in 1999 through 2001, and there were just crazy amounts of commercials about stuff that if you were to play them now, people are like, that's, that's crazy. Like there's a sock puppet. That's a dog. What is this company? Pets.com, right? But the, the, the winners that came out of those cycles are literally the biggest companies in the world now. So there will be a version of that in crypto that the winners of that particular cycle. And one could make the case that some of those winners will be chosen by a guy who's saying we're going to lead crypto.

And oh, by the way, we've got eleven and a half trillion dollars in assets that we control to do that. They're going to be just, you know, hugely, hugely successful. So things like, you know, Bitcoin at 150K or Ethereum at 10K, you know, while those aren't, you know, imminent short term, you know, turns that we're going to see over a period of three years, those are, that's a real thing, right? If you're BlackRock and Citadel and you're creating an entirely new stock market in Texas, and you have to have something that that stock market and those tokenized real world assets are going to run on whatever is chosen there and it seems to be ethereum at some point that value will accrue in the price of of that asset so it's uh you know it's it's it's really something to to be in this spot where you're looking at BlackRock give presentations to family offices or over in Europe or whatever it happens to be.

And they're talking about the reduction in the value of the dollar as a reason to own Bitcoin and crypto. Like, what in the world is this? You know, did they hire Jack Mullullers like what what what are we what are we talking about here no they hired robbie mitch nick and he's the one who gets it and is in uh larry's ear in orange building in the first place there's a lot of reasons that people are sort of pointing to that we could get to this all-time high obviously we showed this article we're seeing these massive inflows to your point there's a lot of technical indicators and then there's also even predictive markets so this is is Kalshi, which obviously also now has legal

presidential election betting. But 46% saying that at some point this year, Bitcoin will go above 75, 30% saying above 80, 16% saying above 90. So predictive markets in aggregate, obviously very, very bullish. Then you have the fact that finally we're actually seeing some action in the leverage side again. Whether good or bad, you know that people are starting to bet on higher prices when you start to see funding rates start to rise and you start to see open interest start to rise. And that has been dead. This has all been spot driven by the ETFs for quite a while here. Yeah. And then even, you know, now these narratives again, Bitcoin strength driven by correlation to rising Trump election odds, micro strategy going up, leading the way. These are all massively bullish narratives, pretty much. And then, of course, we have Kamala Harris saying that Bitcoin's for black people and they're going to get special rules.

I can't. Like like I don't know. Honestly, I read it and I read the headline 17 times and then I looked at it and actually like people are freaking out. But it's not exactly what she said. Not that I'm trying to defend, but she kind of said she was speaking to that audience. So put it in the context of them. But she did say generally she would put a regulatory framework in place that made sense for crypto. And that would benefit the 20 percent uh black people that hold it but man they need to work on the talking points and the way they release this stuff because it just sounds like

uh well it sounded like i mean the the way the media is portraying it whether true or not is like hey you white guys you don't get uh you don't get a regulatory framework but the black people do i can't even imagine the clips that'll come out of this but i'm just yeah how are you gonna how would you create a regulatory framework just don't worry about it andrew it's an election and then you take a look and i mean trump, Trump now 56. It was 53.8, I think, yesterday. Right now, 56 percent. And so Bitcoin, nothing but tailwinds here. I keep saying it like, you know, Trump wins. We start talking about protecting self-custody, banning of CBDCs, global strategic reserve asset on the U.S. balance sheet. And if Harris wins, we start talking about unlimited spending, although Trump will do that too. But maybe there'll be less weights when he does it. Unlimited spending, irresponsible government. Both of those narratives to me are good for Bitcoin. We've talked about this endlessly.

Not being good for everything else, but definitely good for Bitcoin. I mean, the odds just continue to go up here on the betting markets that Trump is going to win this. Yeah, there is a, you know, the difference in probably not only the narrative associated with two campaigns, but also the understanding of the asset and the asset class. I wouldn't say either campaign are experts, but there's a material difference between the two. Just the messaging associated with yesterday. I'll give you an example. Mike Dudas, who's, you know, fairly well known in the industry and started the block back in the day and is a, you know, pretty reputable VC guy. He was, you know, I've got screenshots from back in 2020, him wearing, you know, Joe Biden hats and was, you know know serious about it and was a big biden fan and all those things i mean he you know put out a tweet either this morning or

whatever associated with the you know bitcoin crypto for for for black men and he's like this is why i'm i'm out on this like this is this is so absurd that it doesn't, I mean, how do you, how do you sign on to this stuff? You can't. And, you know, again, he's a, he is a Democrat. Like, I mean, he, he's, he's, he's been a Democrat since I've been around in 16, 17. And so those types of folks being out on, you know, where one particular party is at or not, and they want really, really badly not to be out, but they keep sticking their proverbial foot in their mouths and, you know, and given people reasons to exit and, you know, vote for the guy who, for all intents and purposes, they think is objectionable. People ultimately vote their wallets. You know, there's maybe a smidge less of that on a percentage basis these days

because, you know, politics has become fairly emotional. But people generally, if you're above 30 years old, people generally will vote their wallets and there's a market difference there. The other items that you mentioned as you rolled through some of those different spots. You know, I just think that you have the version of our space after, you know, come mid-November to January. Like you said, the difference between killing, at least in the short term, CBDCs, protecting self-custody. Those are monumental issues associated with just general freedom, as opposed to even just crypto talking points.

And removing the influence of an Elizabeth Warren and a Gary Gensler, we can look at just the actions that have been taken in the past two weeks. Every time that there's an action of some sort by the SEC, we think, well, maybe we're at a spot where things are gonna slow down. Maybe they've hit a wall and they've lost this or maybe they've lost that. You have to remember that in the aggregate,

the SEC wins like 99% of their actions, whether it's by people bend the knee and they settle or when they do go to court, the SEC wins. That's the way that they see their world and their process is that one particular small loss in the world of crypto. And we can harken back to the appellate court decision as it was related to spot Bitcoin ETFs and Grayscale, that's nothing to the way that the current regime thinks about the way that they handle matters of law, so to speak. I think a week, maybe a week ago, maybe it was a week and a half ago, Gensler was giving another speech and he reverted back to fraudsters, scamsters, grifters, and oh, by the way, the people that were popular in 2022, they're all in jail now.

There's not an adjustment or a change in any way, shape or form to the way that they look at the process. So if Harris wins, none of those people are being removed. The idea that Harris would win and then somehow kick out Gary Gensler from the SEC, there's no way that's happening. So while you and I both believe that that is still also a plus for Bitcoin because I think there'll be a consolidation of assets as there's a pinch associated with, as the SEC likes to call them, crypto asset securities. Digital crypto asset security. I mean, we can call it crypto asset, digital security,

non-security assets. Yeah, always attaching the word securities to anything there. At the same time, if we get a Trump move and a Trump win, again, the regulatory structures will be beaten back in a big way. And, you know, we'll see a run i've said for a while that i think either or we're going to get to 80k uh by the end of the year you know every time that i say that you know i get reply guys are like why are you so bearish i'm like hello you know bearish what are you talking about we've never been to 80k inflation adjusted whatever dude um yes nothing goes up it's you have to adjust everything for inflation. Yeah. So. Yeah, it's you know, and I think we're probably higher than that if we get a net positive result in the elections. Well, think about this. If we get what looks like today and again, anything can change in politics, but we're probably talking about a net Senate that's probably pro-anti-regulation, pro-crypto, so to speak. We get the same with the House. We get the same with the White House. That puts things, at least for a two-year period, that gives a lot of room to run and a lot of opportunity in this industry.

And, you know, I think most people are hopeful for that. And so beyond ADK, and we have now room to run from an anti-regulation standpoint, and we have Larry Fink telling the world that, you know, everything is going to be cryptoized. Yeah, you know, everything is going to be cryptoized. Yeah. You know, the moving higher is... Trademark pending. Crypto. Yeah. Cryptoized. Is that the same as laser eyes? Yeah. Right.

So it's, we're in a unique spot. And I come back to, because we spent, whether it's five years or seven years or three years or two years, however long somebody's been in this space, whether they're new or they're older, and they started with Bitcoin because most people started with Bitcoin. They started with, okay, I've got five grand, I'm going to put it into Bitcoin, or I've got 10 grand, I'm going to put it to Bitcoin, and they're locked on one price. Right. So, you know, ArchPublic plug incoming, you know, we're releasing on November 18th, a Bitcoin algorithm that is going to do some really unique things in taking 10 grand and being able to even on the four hour or the one

hour or the 30 minute chart, going to be able to find the lowest possible price inside of that timeframe. You know, everybody has a product that will DCA on a daily basis, but we're bringing something to the masses that is the equivalent of putting a trade desk in your pocket. So you're going to be able to turn some levers and some knobs and be able to buy Bitcoin at, you know, $10 a piece or $15 at a time every 30 seconds if you want to. So instead of taking 10 grand and shoving it into Bitcoin at 65, 867 right now, you can say, oh, I want to spread that out over the next 30 days. And I want it to be spread out every four hours over the next 30 days. And that algorithm will calculate what that number is every four hours and hunt in that four hour candle for the best price for you.

So it's a materially better process for buying Bitcoin and from a performance standpoint, when you find yourself at the low end of every price point in that interval that you've decided, you are building in a performance advantage on your behalf. Yeah. I mean, it's basically the benefit of dollar cost averaging passively, which every investor knows is the way you want to gain exposure to an asset, especially like this, but with actually the edge of trading to find slightly better prices, which compound massively over time. Yeah. It's real intelligence in real time and people are going to be, I try to not traffic in remarkable hyperbole, but I think people are going to be pretty impressed. Have you looked at my title, bro?

Yeah. You're on YouTube, you're trafficking in exceptional. Yeah. Well, at least you don't do those, you know, those, you know, those pins with your mouth wide open saying, Oh, you know, the 7,000 X Alcorn. Yeah. Yeah. There it is. Okay. There it is. I'm ready for it. Yeah. It's, it's, you know, we've, we've partnered with a great firm and

they're going to, they're going to launch in conjunction with us on November 18th. And, and just the partnership alone associated with their reputation and the way that they've handled their business over the last couple of years goes to show the you know kind of the value of this product and the commitment to to bitcoin from a philosophical standpoint the other thing that needs to be said here is that we're so committed to this product in bitcoin as an asset um that in the first 90 days of this product we're essentially going to be giving it away for free um so you're going to have access to this algo uh for the first 90 days for no cost yeah look at there yeah you gotta give away a little free taste yeah just yeah exactly right right right exactly right. Exactly right.

But it's that number there, that 1,966%, that's over a four-year period. So clearly that number, the better part of probably two-thirds of that instead of what 90% of people have probably done, which I need to have some Bitcoin. So I'm just going to shove this amount of money into it. And so we've had lots of conversations with high net worth, ultra high net worth people and some institutions associated with how do I scale in? How do I scale into Bitcoin? I know I want to build a position and I've got X amount of dollars after I sold this asset or that asset. How do I scale in? Where do I go to do that? And we're bringing that capability, that quote unquote trade desk capability to the retail folks. And we're really excited about it. We are. Yeah, it's going to be amazing. You said something

earlier about Elizabeth Warren, and I don't want to let this pass before we get back in. Deaton is debating her tonight at 8.30, and you can live stream it here. You can give him money too. Just give him money but october 15th last i checked that's today 11 hours from right now you can click here this is on a deaton for john deaton for senate a debate but you can click here and you can watch him debate elizabeth ward she's a good debater right people love her she's a good public speaker she does not back down from any debate to her credit uh unlike um a lot of politicians you're just like yeah no no bro um and but john's gonna take his shots and he's gonna

have to answer for a hell of a lot of things so if you uh like watching elizabeth warren at least be slightly uncomfortable this is your chance well you know john is a john's one of us right you know google goggle one of us and and so and the guy's been in the trenches in the space for for a long long time um so you know just i'm a huge fan of his um he does amazing stuff family man the kind of guy that we would want in the u.s senate Forget about crypto, but just from a character standpoint and taking on a, you know, what many would consider a scion of the Senate. Kudos to him. Support him in every way that you possibly can,

not only with your eyeballs, but with your wallet. So big, big, big John Deaton fan. Yeah, he's, it would be so amazing if he won yes it would be really really amazing if he won um back to the bitcoin algorithm too you know we have a history of of uh under promising and over delivering when it comes to performance and all of our other products at thearchpublic.com. Our customers are wildly happy about what we do with our other algorithms. And we're not a company that just has one algorithm. We have a ton of them. And so people come to us and they've gotten very, very, very, very, very, very comfortable with the way that we handle liquidity and risk mitigation

and people in cash every day. It's a great product. The Bitcoin algorithm is going to be a great product, but we have a multiplicity of products. You can imagine that we're going to roll out several marketing pieces that are going to be a version of use our fiat fiat based algorithms generate return on a daily weekly monthly basis move that return into the bitcoin algorithm and intelligently scale and build a stack of bitcoin the compounding on top of compounding you want to talk about powerful asset gathering, that that is going to be a really, really powerful tool. Internally, we've talked about, well, how do we communicate the numbers that are going to come out of that compounding upon compounding? Because

it sounds like just crazy world. It's Looney Tunes. So, you know, we're working on that. But those numbers are just astronomical. If you get beyond a two or three year period associated with fiat based returns and then turned into scaling into Bitcoin returns, that 1966 looks small compared to what the numbers turn into. looking forward to it it's going to be you know it's going to be fantastic the launch is going to be awesome you've been talking for a while but this is what i heard when you said you had a multiplicity of products that is a great movie you guys see multiplicity they just get dumber and dumber and dumber as they multiply

until they're basically like amoebas yeah like the fifth one is like eating toothpaste and slurred his speech and uh yeah that's a really funny michael so many michael keaton's and andy mcdowell was like considered so hot back then oh yeah yeah michael keaton is a legend. I mean, let's, let's all agree to that. Yeah. He's Batman. He had Beetlejuice. He's multiplicity. His, his greatest role. And I still, to this day, I'm not sure why he didn't get, you know, some sort of Oscar for it was the captain in step brothers. Okay. The police captain in Step Brothers. The police captain in Step Brothers, and he would periodically quote

TLC. Don't go... That movie is absolutely outstanding. You touched my peppy Steve. Yep, yep, yep. So good. I wasn't going to go there, but one of

your listeners and followers did all right i mean that's what it is i didn't say it i didn't say it but yeah oh the the guy was referencing in in not step brothers but the other guys it's the other guys um yeah in the other guys he's captain gene and and will ferrell wants to call him Gene. He's like, don't call me Gene. It's Captain Gene. You know, it's Captain Gene. Call me Captain Gene. And he gives him a wood gun, you know. He's like, come on. He gives him a wood gun

and a whistle. I know we sound like boomers, but our era was like, when's the last time like a good movie came out? Yeah, a good movie like that, right? I'm not talking last time a good movie came out? Yeah, a good movie like that, right? I'm not talking about a big movie that they spent a lot of money on, but a good movie. I go on a golf trip

every year with a bunch of... They just make Kevin Hart movies. None of them are good, but he gets paid so much money. Where are the good, funny movies? Yeah, creativity is limited now in Hollywood. It's all dangerous yeah yeah oh man the era of like hilarious jim carrey movies yeah like ace ventura cable guy i mean come on man yeah i mean the quote the quotables from all of those movies are endless. Captain Gene. I'm going to be talking about Captain Gene all day.

I'm telling you. Okay, guys. Thearchpublic.com. I hit y'all with the multiplicity I know. Go check it out. I know you said we sound like an infomercial, but maybe we want you guys to actually make some money. Provide a little bit of alpha here.

Someone was mad and said we were cringy because you don't trade. Oh, he said cringe. Don't trade Bitcoin. Own it. This is literally dollar cost averaging. So you own it. Just to be clear, you're not you're not reselling. We're buying. Yeah, we're giving you yeah, we're giving you a tool

that allows you to intelligently own more Bitcoin, right? Instead of being tied to a price for the rest of your life because you put 10K in at 57 and change, there's going to be different levels by which you're scaling in at whatever timeframe you choose. So yeah, this is a tool to do exactly that. We're not trading Bitcoin. We are acquiring Bitcoin. This is a version of-

Yeah. You want to own one Bitcoin or one Michael Keaton, or do you want 50 Bitcoins and 50 Michael Keatons? Or Michael Keatons? They're telling me Jim Carrey's a meme actor, low IQ. He's one of the funniest human beings to ever watch, walk the planet, and disparaging those movies is a... No, not on this show. Not on this show.

Not time. Okay? Yeah. Probably tuna. Probably tuna.'s a that's another listen i have an enormous amount of of movie quotes in my head it's probably slightly embarrassing like i just said not on this show and the first thing i thought of was um you know the movie i forget the name of it where they're you know on a bachelor trip or something. And the police, the police lady's like, not up in here. And then, then Rob Riggle goes, not up in here. I forget. I remember that. Bachelor party. Hangover. Hangover. Yeah. That's what I said. That was my first guess.

When I was in high school, we had this thing. Okay, you can all leave now. We had this thing in Florida that was called Ledge. And so you actually went up to the Florida house. And for a weekend, select students from each public high school in Florida got to go up there and be the legislators. So I rolled up there. I wrote a bill on legalizing prostitution in Florida. I was a senior in high school. I presented it to the entire house and it passed because we were a bunch of kids voting. They didn't let it go.

But I was very convincing on the benefits of legalizing prostitution. I was 18. And then the last day, since it's a parliamentary procedure, you have to give a motion, and I second to close the thing. And I raised my hand, and they called on me. They asked me what year it was, 94, 95. I raised my hand,

and they called on me, and I stood up on top of a table in the middle of the Florida House and Senate with all the actual House and Senators in the ring and the kids downstairs and did the entire, the path of the righteous man is beset on The Pulp Fiction

speech. And I will strike down on thee with great vengeance and furious anger. You will know my name is Lord when I... And I did that whole thing. I'm a movie quote machine. If only... So you were a young John Deaton.

I get it. If only there were camera phones like we have them now back then do we know well then i wouldn't uh well i guess i don't have a job so that's fine but uh if we had camera phones back then i would have never made it anywhere in life the things i can't imagine in private i cannot imagine i can't imagine some private anymore all right guys well that's all we've got for you today. Check out the Archpublic. Check out the Archpublic. Maybe go watch Multiplicity or go on a Michael Keaton rampage

if you want to sign up for the Archpublic. Just go binge. That's all we got. Follow AP underscore Abacus on X, and we will see you next Tuesday. You'll be back next Tuesday, and otherwise, I will see the rest of you tomorrow at 9 a.m. Eastern Standard Time. Thanks, guys. Thank you next Tuesday. You'll be back next Tuesday. And otherwise I will see the rest of you tomorrow at 9. AM.

Eastern standard time. Thanks guys. Thank you, Andrew. You got it. Let's go. Let's go.