The Wolf Of All Streets - WallStreetBets On Robinhood, Crypto and Responsible Gambling | Jaime Rogozinski

Episode Date: August 7, 2022

Jaime Rogozinski, the founder of WallStreetBets, stops by to talk about how a little-known Subreddit became a household name when they initiated a short squeeze of the embattled video game seller, GameStop in 2021. Jaime talks about the early days of WallStreetBets, its NSFW culture, its impact on equities trading, how it has hedge funds running scared, and his outlook for crypto. JOIN THE FREE WOLF DEN NEWSLETTER 📩 https://www.getrevue.co/profile/TheWolfDen THANK YOU TO OUR SPONSOR ►►This episode is brought to you by Athletic Greens https://athleticgreens.com/melker This stuff is incredible, and I start every day with it. It’s just one scoop in a cup of water each morning, and you get 75 high-quality vitamins, whole-food sourced ingredients, probiotics, and adaptogens to help you start your day right. Right now, Athletic Greens will give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. All you have to do is visit https://athleticgreens.com/melker EPISODE LINKS Jaime’s Twitter: https://twitter.com/wallstreetbets WSB on Reddit: https://www.reddit.com/r/wallstreetbets/ Production & Marketing Team: https://penname.co/ FOLLOW SCOTT MELKER • Twitter: https://twitter.com/scottmelker • Facebook: https://www.facebook.com/wolfofallstreets • Web: https://www.thewolfofallstreets.io • Spotify: https://spoti.fi/30N5FDe • Apple Podcasts: https://apple.co/3FASB2c SHOW NOTES 00:15 A Note from Our Sponsor - Athletic Greens: https://athleticgreens.com/melker 00:22 Jamie Rogozinski Intro 00:42 Wall Street Bets Movie 04:26 The Early Days of WSB 07:22 Cultural Influence of WSB 08:52 Jamie’s View on Crypto 13:14 Crypto Is Just Better for Moving Money 15:20 Note from Our Sponsor - Athletic Greens: https://athleticgreens.com/melker 16:24 How the Market Downturn Affected Retail 20:11 Is Robinhood Still the Go-To Platform? 23:57 Hedge Funds Are Scared of WSB 26:35 Jamie’s Current Trading Strategy

This podcast is brought to you by Athletic Greens. Please stay tuned for more information on this amazing company later in the episode. WallStreetB Bets started as a small subreddit of a bunch of degenerates who wanted to trade the stock market and turned into a global sensation. Today, I talked to Jamie Rogozinski, the founder of Wall Street Bets, who's now going to be in a feature film about him as a result of what happened with Wall Street Bets. You're going to love listening to this story. What's the status of the movie? It's coming out in September. I believe that's a contractual obligation. So I'm tempted to say that it's Toronto Film Festival. That's the one that's then. But I have not actually asked them the status of

stuff. Like I know that they're getting close to finishing because i asked them for a teaser for my party last night and they said no um but they asked me to re-record some stuff they're like but we got some pretty bad audio can you just use your mic to read these lines so but is it effectively a documentary it's a so it's like a science it's a documentary because what they do now is a business model for documentaries. They're low cost relatively. They're still multi-millions, but not $200 million. They're not making top-down advertising. It's a few millions. So you do that, and then people gauge the interest.

And then they scientifically think this is good, and then they actually spend money on the actors and making a movie out of it. Sometimes they do a podcast. Like there was that show WeWork on Apple. It was real or we crashed. I think it was incredible, right? But the predecessor to that was a podcast that was like the audio version of that show.

And it was incredible. I got actually heard the podcast. And so they released the podcast. They gauge interest. They tune interest they tune it they're like okay people listen to this episode mode like they tuned out during this stuff like and so then they they handcraft the following one so it's a documentary that's coming out but the deal that i signed with rat pack was podcast movie tv uh, series. They define it based off of the length. So if it's under an hour, it's considered a category.

If it's over an hour, it's a different category. They have theater. Like, they want to do a musical on Wall Street Bets. He owns those rights, too. Wall Street Bets the musical. Would you star in that? I would love to see it. I started getting so into the Hollywood thing

when I was getting calls from movie studios. Like, I'm talking to people that made, like, Wolf of Wall Street. Like, we had talked to people, the guy that wrote Sopranos. I'm talking to Ben Mesrick, who did The Social Dilemma. And I'm, like, starstruck.

I'm like, holy cow, these are really cool people. And then after a while, I was like, all right, I don't understand this mechanism by which movies happen because everyone appears to be the main man, right? Like, not only because they're bragging rights, but their role. I'm like, I'm the writer. This thing does not happen without me. You can have Leonardo DiCaprio tell you whatever he wants,

but with me, the producer will say, well, you can have a writer, but the writer's coming. Like, the producer's the director. Like, everyone is, like, the reason why they exist. so then i realized the secret to it is whoever's got the money so that's the producer no the producer yeah sometime my producer yes because my producer also funds his movies and so i was like uh all right are you telling me so ben mesric like sopranos guy it's wolf of wall street guy like you tell me you don't actually have a deal yet it's like no no we structure it then we sell it to the studio so you don't have money yet right like well i mean it's going to be if we have you it's a done deal okay so no money like and so then

i just went to street for the guy that said like i produce it and i fund it and i do the whole thing and i'll pay you right now like and i'll make sure that it happens the deal with the life rights you sign your rights away cross your fingers hope it sells hope it creates it and you're you're prevented from pursuing it on your like outside of this so if they suck at selling the movie it never gets made and then the right horse the time yeah and nobody wants to watch a movie that's dated so like so i went for the guy that invested money and made sure that it was actually going to happen right so so when you started a small reddit group a while back did you think it would result in a So I went for the guy that invested money and made sure that it was actually going to happen. So when you started a small Reddit group a while back, did you think it would result in a Hollywood movie?

No. No. I remember very well it was like thousands of people. We got picked up on by some publication. It was like for no it was like ink ink 500 like it was relatively okay publication that was online and they were talking about the volatility products and then they had a link they said there are some forums on the internet that think that blah blah blah and then the some forums was like a link right and even use wall street bets and it linked directly to the subreddit um and i remember that was a the first of an april i don't remember what year but it was

april fool's day and uh serendipitously on that day the mods that were just jokers were like april fools we're gonna like reskin the whole subreddit so that it's a joke right and it would be something that we do and so they made the most obscene not safe for work twirling anatomy parts that shouldn't like i mean just nothing that you should be able and and then we found out later that day that we had been linked to like we had a ton of traffic that day right like okay well now they're getting good taste for how much of a like a joker type of community this is and how laid back they are because they were all greeted by things that they're going to get in trouble with if they're somebody's looking over their shoulder when it does feel like that sort of ethos and that behavior and shared by crypto culture by

the way but this sort of like meme culture into finance you guys cultivated that's now become a extremely real thing it is and and the reason why I use that example is because that was like a catalyst of like we've made it, right? We've been recognized, even though it was the most not, it was an obscure, unnamed source linked to a random forum on finance

to eventually getting bigger and more mainstream. And GameStop is what people, a lot of people that didn't know about it found out about it afterwards prior to that it was known in the circles of traders because they'd done stunts on Wall Street bets that were as far as I'm concerned just as crazy and outlandish as what we saw with GameStop but it was more difficult to articulate for say cnn right like that they they're focused on we really got to narrow it down to our non-finance viewers and we need to just so but they've done

some stuff like um infinite leverage you know the infinite uh margin glitch like they these kids figured out a way through robin hood to deposit two or two thousand dollars into the account and then they would through a series of maneuvers have like infinite buying power and then they would yolo it on stuff right so that cnbc would catch on to that bloomberg leveraging your leverage it was pretty it was recycling these covered calls and they were collateralizing properly so yeah so you have these these moments where prior to it being really big where it's like, all right, this is a thing now, right? Like this is an entity. This is an idea.

It's a forum, right? This is where the people congregate, although it had been splintering off into a mindset, right? Like I've had people from Korea say, do you mind if we start a Korea street bets? We'll call it K Street Bets. We're inspired by these things. I i'm like yeah go for it so you have regional street bets countries like india china whatever you have instrument street bets satoshi silver whatever you know you have uh social media platforms that exist on Facebook, the most decentralized idea, right? Like Facebook, Instagram, TikTok, Twitter, you know, obviously Reddit, Discord, Telegram.

And so people just, it's this way of mining. By putting street bets at the end of something, it's, they're bringing along that philosophy that you're referencing, right? This mindset of mischievous, a little bit renegade, a little bit very hungry for risk. It's us against them. It takes different approaches, but the concept is the same. Let's have fun.

Let's learn. Let's break some things. Let's try to get rich right only a lot of times very realistically the self-deprecating or get poor die trying and then we have uh uh just this this symbol that represents the empowerment of the individual and i think that with crypto crypto started around the same time as wall street bets and similar end goals right more explicitly stated that way with with crypto right because they're going after central banks and the printer and you know and and control of the institutions and stuff and um but the idea was hey the system's broken right there's a lot

of flaws where they were going to fix it so it's no surprise that the uh the tone the overall uh culture of these not even communities right like these these groups of people these demographics that are that are advancing towards something so like and that convergence into crypto is uh it's it's no coincidence. Right. Yeah. My personal... Largely the same demographic. It is the exact same demographic. And to be honest with you, I never was interested in talking about crypto

on WallStreetBets because when Bitcoin first came out, I was like, this is cool. Because I'm also a computer engineer. I have a background. I understand the technology behind it and an economist so i understand the beauty behind this scarcity this non-destructible component right like this this uh how to retain the value of a medium of exchange right because that's what the coin was intended to do at first i was like this is a beautiful project

this is like an artwork right right? I wish them luck. And I even mined and I lost my wallet and whatever. It doesn't matter. But I don't kick myself because I would have sold it long ago. I'm not harping on that or anything, but I lost my wallet.

I'm not butthurt. I'm over it. It was 10 years ago. But I was like, I wish them well. And then all of a sudden you see Bitcoin. Now they got volume.

They got a lot of transactions. Now you got stores that are willing to use it as medium of exchange. Congratulations, they made it. But I still can't buy stock options on them. And their spreads are just insane. And their inefficiencies are not compatible with my technical trading style, which requires like no slippage, support resistance, like, you know, where my execution has to be filled a certain way in that same way that i'm not interested in penny stocks like i know they're not the same thing but in my head and my style i put that as i think that's a common i can't make money there and so then i see

more coins popping up like okay that's just annoying right because now there's just more coins and it's just cash grabs and uh and i like, so what's Ethereum? Why is it? Well, because it fixed a lot of issues with Bitcoin. They didn't have these like, you know, collision things fixed up and the speed at which they, da da da, and I'm like, all right, whatever. And then you see, you have the Doge coins, it's the, you know, like, ah, that's too bad.

They're contaminating this beautiful thing that existed. And now you just have these like, just little pump and dumps. So that's, it's just stayed there in my mind. And then I always get people saying, pump my coin. Not in those words, right? Like we have a project that's going to revolutionize the world, you know, like come join it or whatever. But I just heard pump my coin. Right.

Right. So I'm like, no, no, no. And these people say to me, come do we're doing a Wall Street Bets thing, merging crypto with with Wall Street, like DeFi, youy you know automated market they're starting to use these words and i'm like oh slow down rewind what did you just say what are you talking about like an automated market what do you mean you mean there's not like a like a one centralized thing that no no no it's a computer it's an algorithm like huh what else you guys got it's like my god what have i been doing forever like this thing has been here all along like why do they keep calling it bitcoin like why do they keep thinking the price like it And so I'm like, my God, what have I been doing forever? Like, this thing has been here all along.

Like, why do they keep calling it Bitcoin? Like, why do they keep sticking to the price? Like, it has nothing to do with this. I mean, it kind of does, but like, no. And so I'm infatuated now, and I find myself talking more about crypto than I do about stocks. And that was not even the case when I met you. No. It hasn't been that long.

It's been a couple of years. I want to hear, what was this guy's name? Stepan... There's a guy, Andres on out. It's a guy on Joe Rogan Antonopoulos, thank you. He would go on there. She's like I live all my life on Bitcoin pay everything that you know And so he's an extremist And I'm thinking to myself. I has cute also You know good for him, right? But like I want to do that to myself I like to just have a normal life and have my credit card

my visa and uh and then people that say well the banks are whatever you know they've criticized the banks like these extremist activists individuals that are promoting the anti-bank think they don't get it like as i'm not anti-establishment i i think there's issues with it but i'm not against it then all of a sudden I'm having to do my own banking. And I live in Mexico. I live in the U.S. So I have to do international stuff. And I sometimes deal with large quantities of money.

And it is a pain in the ass. Like this is a serious. The tab last night at the party, I'm like, this is embarrassing. So like I have a lot of money in my account. It's not about that. It's just my card is going to top out at five five grand and you have to run the other half tomorrow and i have to pay you in these little chunks because this bank doesn't let me do banking operations like spending money and uh and so i actually have the majority of my money residing in crypto now because it's so much better than a bank

but i don't say that out loud usually because i don't want to sound like that extreme of this thing you don't need a bank anymore because i'm like well they were right i don't say that out loud usually because I don't want to sound like that extreme of this thing. You don't need a bank anymore because I'm like, well, they were right. I mean, you can even dismiss sort of like the whole ethos of it. And if you're in Mexico and just like you could say that and be just existing in stable coins and it's just really easy to send money. That's it. That's 100 percent. I mean, crypto doesn't give you that give the idea that you're like exposed to 700 random coins that you've been dollar cost averaging into. It's just really easy to send money back and forth in large quantities. And it's embarrassing how difficult that is to deal.

If I want to send money in Mexico, at one point I had somebody to go to the bank and write out my thing with a pen with my 18-digit account number. I was like, what if you can't read it? What if it looks like an eight or a six? And then it takes a week and the exchanges. And then I figure out you can do these things that are like, they already integrate. You have integrates to your bank, integrates to your bank,

and then crypto magic in between. Click, click, click three seconds later of the best exchange rate in the world. And I can move a lot of money across. And, yeah. And so it's better in every possible way, but I sometimes worry about sounding like the people that I would internally criticize as activists, right? But it's not because I'm an activist.

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There was this, obviously, the entire, you referenced GameStop, and everybody knows how Wall Street Bets absolutely exploded. And I think there's a sentiment that everyone's a genius in the bull market. You probably still have your finger on the pulse of what's happening with the retail traders that got really active during that time. Well, now the market sucks. Do you think that we're back to people getting absolutely abused by the market

and the little guy suffering again? No, no, because, you know, like the little guys, they're not, and this is maybe a little bit of the difference with crypto, but not as much. Like you have the active participants that are on Wall Street Bets, like the core philosophy behind there is,

I, at least when I started it, the millennials are getting married older, not making as much money, living in the parents' college, blah, blah, blah. It just, it sucks for them. And so they can't follow Warren Buffett's advice to get rich. And so, because they have like a hundred bucks,

like a hundred bucks, I don't care if you compound and dividend, meet for the tax incentive all you want. Like it's not going to work. It's not going to get rich from this. So they're buying these lottery tickets and whatever. And now 10 years later, the demographic millennials, they're better off. Right.

So now they have more money. And what they're doing with their Wall Street bets accounts is they're straight up speculating. They're gambling. They're buying. Like what's the cost of play at this table? The buy in is is $100. Good. I'm going to lose this $100, but I'm going to have a great time doing it.

Right? Like, you can take my money. I don't expect it back. The people that are doing Wall Street bets, they don't care if the market is bearishable, if it's not waiting for dividends. They're waiting for Friday when their stock options expire. They're out of the money puts or whatever. Like, just which way

do i bet like robin hood has a green up arrow and a red down arrow when you're buying stock options to help you pick the right type like they'd stupefy it for you and so it's just like oh so market's down now are we in that mode right there's the whole jpal printing money like no longer markets go up now it's market goes down. I mean, cool. I will bet accordingly. And that's fine. So I don't know that it's the I'm a genius, not a genius, given the conditions. Like the only time that I've seen people predictably lose money is in stagnant markets. Sideways markets are terrible for gamblers. But in 2020 when the markets crashed, they made so much money shorting the market and making their memes and laughing about the world and coronavirus

destroying everything and the suffering and whatever. And they felt guilty. There was this cognitive dissonance. Right, un-profiting from the world. Correct. And when stocks drop, they drop faster than they go up. And so they make, because of stock options, the way they're composed,

fast movements are especially rewarding with stock options and uh and so people are making tons of money and they're feeling guilty and they start donating and i was part of a drive like rose fifty thousand dollars for these causes to try and fix people's like conscious for this and they're like all right so and then the market bottomed and then people probably lose money during the transition and then they're like all, so we're going with stocks. Too long again? Stocks only go up, okay? Like, okay, well, let's pull out those old memes, dust them off, like, let's put them back to work.

You know, the retirement accounts are in Roth IRAs, diversified, all those boring words. You know, like, they're not touching that money. Right, so they're not gambling with their net worth. Yeah. Which I think the perception is that retail is gambling with their net worth. The high profile cases, you'll have the individuals that do crazy stuff

and they stick out because it's like, dude, you bet a million dollars on what? So yes, the news picks up on those. But the majority of the people, overwhelming majority, they're doing responsible gambling, right? It's an expenditure of entertainment and learning opportunity.

It's all it is. You go to a casino with the expectation you're going to lose the money. You get some free drinks and laugh with your friends. And it's the same as going to a bar or to a movie. It just costs a little more if your risk is managed when you do it. Is Robinhood still the preferred platform? Yeah, they have a good monopoly for it.

Here's the secret. I never liked Robinhood when it came out. I remember. That's why I'm asking because there was this massive sort of shift in sentiment about robin hood everybody hated it yeah well they they always get like crap done but the when it first came out i didn't like it for the same reason i like bitcoin this i'm consistent with my like i need to have like they they have line graphs they don't even have bar charts and i'm more of a technical analyst i'm like how can you how can you draw your lines on this thing?

It doesn't, like, what is this confetti? And they didn't even have computer. It was only mobile. And so everyone's going to lose all their money in payment for it or for all these things that are bad. And so I voiced my dislike for it, but I didn't impose my will on the subreddit saying, you cannot put green shots because I am protecting you from your own losses because that's just being a hypocrite.

Who am I telling? And sure enough, this is one of those cases where I realized that the masses are smarter than the individuals. And they were right because people loved Robinhood. It carved out a new niche for traders who previously wouldn't have traded otherwise. Easy to use, instant, free, all these things. And all the downsides, which were bad for me, were not bad for those people. Because they're like, dude, I turned 50 grand into 50 million. Do I care if somebody front-run my trades? No.

Do I care that it's off? People quickly forgot that in the pandemic, Robinhood, the only broker, unlike GameStop where they had to stop trading the stocks, that was a regulatory issue that affected every single U.S. broker. Yeah, people were like, don't realize it was also on Schwab, guys. Yeah.

But because they were overwhelmingly the broker there, it was the one that took it. So that wasn't their fault. I guess that's a whole debate. But it was a system-wide issue. In the pandemic, their servers just melted because a lot of people were trading. And so their service was off. People could not, during these lock limit ups and downs and negative oil prices and all these things, people couldn't access their account to do anything on in crypto we call that tuesday

by the way volatility issues bro and so but people quickly got over that and i was like dude that's pretty screwed up like you screwed up robin hood you should have had a backup server and they're like all right no no we're good we're good losing money like a tuesday with crypto they're like it's it's it's part of the cost of playing, right? Like, it comes with the turf. I'm getting skimped on some pennies. On Tuesdays, it doesn't work. Like, whatever.

As long as it's back up. And so they got over it. And the ease of use, the interface, people will not let go of it, even if they're mad at, you know, for whatever reasons. They just like their platform and they won't. I think it's so funny because there was, everyone was using Robinhood, certainly in like the retail stock community. And everyone was excited to short the IPO.

Yeah. Like we're using this platform, short it to zero. Which they can't do on an IPO, but like, yeah, it's another interesting thing about this culture is like you have these tribal mindsets. It's us. It's our team, right? Let's put on the jersey and rah-rah.

And then we need to have the enemy or like the bad guy or like the other team, right, who we need to defeat. So the GameStop was hedge funds versus the retailers. And so it's got this idea of saying, well, now we don't like them and we're going to show you, but we're going to use Robinhood to show you. Right. I don't think that they're holding too much of a grudge. Didn't Melvin finally go under? They got bailed out. Andrew left. The guy that had Citron Capital was like another Melvin. It was like two main ones. left the guy that had citron capital it was like another melvin it

was like two main ones and the other one was citron he was getting uh just destroyed with the short sale and i get an email it was like hastily written from a phone with typos and no proper capitalization like i'm andrew left i didn't talk to you like my phone number i'm like but but the email was actually andrew left it's something like it was it was a good email address and so i'd be like this this looks suspicious but there's a chance this is real right maybe you guys so upset that he just didn't stop and proof his like emails properly and his and he clearly owns a good name for an email account so let's call this number see what we get sure enough it's him i'm like hey he's like you make it stop stop the bleeding why are you doing this to me i'm like dude you've been in this for how long are you complaining about losing some

money come on but do you still think not them specifically but do you still think that there's still this sort of institutional fear of what happened with gamestop and wall street bets in general i remember during that time i have a lot you know i have a lot of like hedge fund friends and guys or traders and they were literally terrified they're like i don't know what i'm going to wake up to on any given morning but i don't know how to deal with this market and they're like following your reddit they don't know even they're like i don't know what any of these words mean but i know that they're wrecking me on bloomberg there was like a lingo for wall street but it's like you see tendies, they're referring to profits. Like this is fucking, sorry. I don't know if you can see it.

Oh, you can. This is hilarious. And there's one particular one which I'll never reveal. It's like, because it's just too obscene. But like, I'm like, I'm so glad they didn't have that one. But what's interesting about that moment, I think there's two philosophies with hedge funds institutions or investment makers.

One, how can we profit from this new dynamic, this new force that's in the market, right? Because we're better at this game. We have better computers and PhDs and whatever. Right. They can figure it out. There wasn't a Wall Street best before. There's got to be an inefficiency to exploit. So that's fine. And I think that's fair game. There's nothing wrong with that. That's what everyone's there to do. And it makes the markets better, like more efficient. Number two, they have altered permanently the way they do it.

Like companies now secretly short sell. Like they no longer, they used to go on road shows and like Google the shitty company. They're doing everything. Now it's like,

if I tell anyone, these guys are going to squeeze the crap out of me. Correct. So if I fire off a tweet and say like, dude, this company's going to go up and somebody's short,

I guarantee you they're calling a meeting and saying, hey, Wall Street Bets short selling like guys and and uh i believe that's left a permanent mark but i don't think they're afraid like now we're the big ones yeah yeah of course are you still trading i do i do i love trading it's it's my money makers are trading futures like i've gone into this just really boring technical type thing. And I have such an obsessive personality that if I'm doing scalping trading or whatever,

I obsess and I go to my cave and I don't shower. And I wake up in the morning in pajamas all day and it's just bad for my health. So I avoid that just for my sanity's sake. But when there's certain market conditions that are very conducive to what I do, I'll swing and i'll and it'll happen whenever it happens like when you see oil going to negative prices that is a buy written all over like and and so i uh i'll hop on those particular trades uh and i've now gone into crypto but i also don't want to try and... I have so many things that's going on,

and my addictive personality is such a bad one. So I'll have a portfolio of stuff, and I will buy coins. I had this great investment. You've probably not heard of it. It was called Luna, and it was doing really, really, really good forever. And so I just put more money into it. It was the biggest part of my really diverse portfolio, and then I lost it all. And then all of a sudden part of my really diverse portfolio. And then I lost it all. And then all of a sudden I got more money again.

And then I lost it again. I didn't do anything. I don't know what's happening with that. Oh, you mean their free money that also. I'm guilty of this past month been so busy that I've been able to headline level keep up. So I read the headline or a tweet. And so I see my thing. It's like, why is this worth zero like and of course I'm like I used to have but it

was like five grand worth it wasn't that much right like I like throw all these quid and and I forgot how much it must have been worth it was like 50 coins I don't know I'd say I probably like literally like ten bucks or something no no they used to be worth like a hundred so I'm saying after yeah no it was from a hundred it was worth nothing like i can't even see the how many zeros yeah and so i'm like well what's another 100 bucks because i went from having 50 coins to like 15 000 coins or whatever i'm like it's 100 bucks i'll have like a lot more coins well like on the off chance that they make it back i still don't know why it went down i'm guessing it's a systemic issue like i'm guessing it's not just like seems bad yeah One is not like the other because all of them

went down a little bit. None of them went down 99.9999% but here's a hundred bucks and it disappeared the next day so now it's like worth like a two cents

and I wake up one morning it's worth 150 bucks so I'm like oh that's cool. Ignore the loss of the official but we made money. Well welcome to Crypto.

The water's warm. Yes. Jump on in with us and maybe just avoid like Luna 3.0. Are they welcome to Crypto. The water's warm. Yes. Jump on in with us. And maybe just avoid like Luna 3.0. Are they having another one? I don't know. But when they do, I'm just telling you right now.

I will try that. I can't wait to see the movie. Awesome. Well, thank you so much. This was great. Thank you so much for listening to this episode. If you haven't already left a rating or a review on Apple Podcasts or Spotify, please do that now. Spotify just added ratings, so please go ahead and click that five star. already left a rating or a review on Apple Podcasts or Spotify, please do that now. Spotify just added ratings, so please go ahead and click that five star. I'll see you guys next time.