Open transcript
What's up as today? We are going live. We are clicking the button as soon as possible. Oh yes, oh yes, oh yes, oh yes, guys. Welcome to another episode. And as you can see right now, Bitcoin is doing something very, very, very beautiful. I love what we're seeing right now because it went all the way to 100k. It touched 100k. This is also what we've been discussing with Bob Lucas, that it would be very, very nice if we touch 100k because it sets up a better trade. And guess what? Yesterday we did get just that. We did tap 100k, 100.5k. And you know what caused it? It was this whole fallout between Elon and Trump. We had $1 billion in liquidations when Elon started to accuse Trump for being in the Epstein, Epstein, how you pronounce it, Americans say Epstein. But it is German, right? It's Epstein. Or maybe it's some other country, but I don't know. I won't say Epstein. Is this correct? It's Epstein. Anyway, so Elon Musk came out of nowhere, started to accuse Trump for being in the Epstein list and basically saying that the reason why we don't have any of these files exposed to the public is because Trump is himself in these files. And this started this market collapse yesterday. The good thing is that it wasn't too big. The collapse wasn't too big, but the impact of it is very, very big. Why? Because the reason why Elon Musk starts to go nuts, absolutely berserk against Trump is because Trump is passing a bill which will blow up the deficit. It's just going to increase deficit a lot. There is no cutting. No one is going to cut. No one is going to cut anything. They will just increase the spending more and more and more. And if you go to Elon Musk's Twitter profile, that's basically the only thing he's been speaking about yesterday, about the fact that Trump in the past wanted to cut deficit and he wanted to return America to a more sustainable path. Now, no one wants to do it. So basically, Elon has been saying yesterday, Congress is spending America into bankruptcy. At some point, this guy says, at some point, Congress has to stop this endless cycle of out-of-control deficit spending. And Elon is just saying, listen, what's happening here? We should cut. We should cut spending. We should cut the deficit. Instead, Trump is not doing that. Trump is just pumping the deficit, 10x, basically. This continues like this deficit is going to be 10x. And this is Speaker Mike Johnson saying the federal debt has just topped 31.4 trillion. And the Congressional Budget Office now estimates federal spending for fiscal year 2023 will total 6.2 trillion, more than 200k per second, basically. $200,000 per second. This is how much they're spending. This is not sustainable. This is not sustainable. And he's also retweeting old tweets, both from this guy, Mike Johnson, asking, you know, you said this in 2023, where are you now? Why don't you say it now? And then he also retweeted a bunch of old tweets from Trump as well, from 10 years ago, where Trump was calling all politicians to stop the spending, to stop wasting. So he really went nuts here yesterday. And it all culminated in the fact that he started to call Trump, I mean, basically a pedophile, you can say, because he's saying that he's in this list. And the market went berserk to the downside. Now, the good thing is that we seem to be bouncing. We seem to be bouncing quite nice. And it seems that it's only been a short-term scare. If you look at something like Tesla, Tesla got a big, big, big problem with the stock price due to this fallout. They fell from 340 to 280 basically this week, and especially yesterday. They fell extremely, extremely fast. Why? Because there are now rumors what Trump is going to do. How he's going to retaliate. But from the crypto perspective, this was happening. You have Bitcoin now being the only solution to all of this. Elon tried. I mean, he was the guy that should have brought the end to the spending. He should have brought the end to this irresponsible debt and all of that. And what happened instead? Elon is now anti-Trump administration. He could not get the debt down. He could not fix the situation. If Elon can't do it, no one can do it. See, this is the conclusion. Everyone who is watching the markets, everyone who is watching USDAT, everyone who is watching the markets is understanding that the only way out now is Bitcoin. It is impossible to fix the system. It is unfixable. Literally, it is unfixable. Elon has now made it super, super, super clear. That's why I'm saying that the game has changed because now it's one of the biggest political discussion topics in the world. It's game over. It's game over for this debt. It's game over for deficit. It's just going to grow. There's no way out. And we can stop pretending that there is a way out. The charade needs to close. Instead, instead of fixing the problem, what's going to happen? More spending. This is what you see Ron Paul speaking about as well, that this bill that they're going to pass now. Because it all started with the new budget. Trump called it a big, beautiful bill. It's going to make the U.S. go into the largest debt increase in U.S. history. Okay, this big, beautiful bill. That's like giving your 16-year-old the credit card, watching them rack up 2K on booze and gambling. So, Ron Paul is going to speak here in a bit. But just to highlight some things, Trump has already started to fight back against Elon. Because Trump said that the reason why Elon is berserk is because he ended this EV mandate where basically the government gives you a bit of money in order to buy your electric vehicle. And it's a subsidy, basically. It's a subsidy for all electric vehicles. And he's saying, listen, we're not going to have it anymore. So that's why Elon is salty. Elon wants the subsidy to be in place. But Trump removed the subsidy. That's why Elon is going berserk. However, this is not true. This is not true that this is the reason why Elon goes berserk. Because Elon actually wanted to remove the subsidy himself many times. I mean, that's the thing. He wanted to himself remove the subsidy so many different times because he doesn't want any subsidies. He's been speaking about, listen, don't have any subsidy. Remove the EV subsidy. Remove all subsidies. So let's see what Trump is going to do next. Because in a way, he kind of has to fight back. I mean, from the Trump perspective, I think he has to fight back because otherwise it's a sign of weakness. That you do this kind of thing to Trump. You tell that he is in this list. You know, Epstein. He's in the list. And what does Trump do? He does nothing. It's a big, big weakness. Because then, you know, everyone has anything against Trump. Now they can try it also. And they know nothing's going to happen to them. Because Trump is weak. He's not reacting. So Trump has to do something. He absolutely has to do something. He needs to show with force that, hey, you do something like this. Man. Should have been thinking a bit. Let's see what he does. Let me know what you think. What can he do? What can Trump do? I mean, he has massive political capital. He can probably do a lot. But, yeah. It's crazy times. But focusing on the major issue. We have to speak about this new bill. Which is going to blow up the deficit even more. It's going to be the biggest debt increase ever, ever, ever in American history. We will be speaking about that. But on this note, welcome everyone who is watching live. Big shout out to Travel11 who is back from travels. I don't know where he's been. Let us know, Travel, where you've been. But he's now back from travels. And he's time sniping us today. That's very, very nice. As always, smash up the like. Subscribe to the channel as soon as possible. And also, let me know if you've been buying the dip. Because if you're using PionX and you're using the grid bots. I mean, he's been buying the dip all the time. Like from 100k all the way to where we are now. So, it's the best. You know, when you have the grid bot. And you can check the tutorial below. You set up the bot. It buys the dip for you. It takes profit for you. You can set it up to use leverage. So, even if the dip is not big. Like for example, yesterday went from like 103 to 100. It's not that big of a dip. But if you set it up with leverage. It does become quite big. It does. The volatility is quite big. And you know that this bot. You know, they're going to be buying when it dumps. It's going to be buying. It's going to be selling when it starts to go up again. And this is low risk. This is why I'm telling you. It's kind of low risk leverage. Because normally when you open leverage position. You need the thing to go in your direction. You need to go up if you're long. With PionX, you open a grid bot. You can have a 5x leverage, 10x leverage. It doesn't have to go up. It can even go down. Because most of your cash will not be deployed. Depending on how you set up the bot. You can check the tutorial. But you open the position. You have cash to buy the dip. That's the whole idea. So, that's very important. And also, we do have now a trading competition on PionX. Basically, using the link below, you can read all the rules and all of that. Everyone who is watching this can win up to 1,000 USDT bonus. You can read exactly what's happening. Because you have zero risk here. In the sense that they will cover your loss. Will cover up to 50 USD in loss. So, you can get small. Always, you know, with new platforms. Just start small. Start small boss. You don't have to go all in. Just start small. And here, they cover the risk here. You can see the other rules here. What needs to happen for you to be in the ratings. But all in all, it's very, very nice when things dump and you're happy. And with PionX, that's exactly what happens. Because it is automatically buying the dip. Anyway, for all of that, check the tutorial below. And also, we will be setting up a free Discord community very, very soon. So, we can go in depth and help each other set things up. Both in PionX, but also just in general. Trade setups in general. It's coming quite soon. Okay. Let's go into the markets. So, from a pullback perspective, this 100k is very, very nice. That we've hit the 100k. And it went even lower than Bob Lucas had on the chart. But he said, listen, let's go to 100k. It sets up a better trade. And we now have the 100k hit. And with the biggest probability, we will be bouncing. We will be bouncing. And it will be very, very nice. Next, next, next. If today does indeed mark the bottom on Bitcoin, then Bob nailed it perfectly. 100%. Tomorrow, and Bob said 8 hours ago, tomorrow is day 60. But even that is a range of time. Sometimes things work out. And a lot of time they don't. Dealing with it, they don't is what matters. So, we have the probabilities on our side. But let's see what's going to happen. It's only probability. But with the greatest probability, we do have the bounce happening now. And again, we had the shakeout event. I feel that this is a shakeout event. Normally, when you have a shakeout event like this, things become bullish afterwards. Normally, you use something drastic. You use something drastic that really gets max panic. Max panic to everyone so we can clear out everyone who has weak hands. And we only have those that want to huddle until the next leg up. And I feel that's what happened yesterday with this Trump and Musk situation. That they went against each other. Everyone got super scared. Trump now, he also starts to speak about tariffs yesterday again. So, it seems that this was the shakeout. So, the escalating Trump-Musk feud has triggered 5.1% drop in the cryptocurrency market capitalization. Nearing 1 billion in liquidations. Dogecoin wrecked. ETH wrecked. Significant losses here and there. Experts speculate that the ongoing feud could have long-term effects on the market. With some seeing potential benefits for Bitcoin. Yeah, I think Bitcoin is just going to benefit here. Only benefit. Why? Because again, the reason for the feud is the debt. And the debt is not going anywhere. The debt is just going to go up and up and up and up. And Elon has a signal that he cannot fix the debt. No one can fix the debt. It's game over. Trump is going to blow it up more than anyone in history. More than anyone in history. Because that's what politicians do. They don't cut anything. They want votes. How do they get votes? You spend a lot. That's how you get votes. Now, let's listen to this. This big, beautiful bill, as Trump calls it. It does face a bit of opposition. But it's still going to get passed. It's not going to get passed. It's going to get... It is what it is. It's going to get passed. But listen to this. Senator Rand Paul joins us. Republican of Kentucky. He's been all over the place right now. He's a man of the hour in many ways. Pressure is being applied. But Senator Paul, you've been through this before. What do we not know about this big, beautiful bill that you do? Well, I would call it the big, not yet beautiful. You know, could be made prettier. Could we... Could do a little touch-up to make it more acceptable. There's much about it I like. I mean, I like the tax cuts. I voted for the tax cuts in 2017. I'd like to make them permanent. I agree with Art Laffer that you can reduce tax rates and actually have more revenue. So I don't accept the CBO argument that the tax cuts will add to the debt. I am for spending cuts. I don't think there's sufficient spending cuts in there. But I will work to try to put more spending cuts in there. And I could vote for it if we get more spending cuts in there. But the one thing I can't support is the third part of the bill. That's increasing the debt ceiling $5 trillion. Because I think that is like drunken teenagers that run up. You give your 16-year-old a credit card. A month later, they've got $2,000 worth of debt. They've been buying booze and gambling and acting irresponsibly. Do you give them now a credit card that has a $10,000 debt limit? Or do you restrict their debt limit? So I think we should put rules and strictures, try to control the spending of Congress by maybe increasing the debt ceiling for a few months. And then see if they can act in appropriate adult fashion to control spending. And then we have the discussion again every three months. But what they're wanting to do is raise it $5 trillion. And one thing we know from past history, if you raise it $5 trillion, they will borrow $5 trillion. So it really doesn't become any kind of leash if that's what we give them. Is this applicable? Liz Warren came out. Elizabeth Warren. She wants to get rid of the debt ceiling. President Trump agrees with her. Is this... This is the best. This is the best. This is where Elizabeth Warren and Trump agree. Okay? Agree. Trump even tweeted on his true social that I agree with Elizabeth Warren about raising the debt ceiling. It's crazy that you have difference of opinion, different interests, different lobbies backing you. But one thing they will always agree on is the printing. Is the deficit. Is the only, only, only thing. Also, by the way, the key thing that Ron Paul said... This is Ron, right? Ron. Ron is another way. Ron. Ron Paul. He said something else here which is important. They're going to raise by $5 trillion. It's the largest ever. It's the largest raise ever. And of course, they're going to borrow that much. It's not like they're going to leave some room there to be conservative. No, they're going to borrow everything. But it also means that, okay, now $5 trillion is the standard raise. So next raise is going to be $5 or more. Or more. So it's the key. It's exponentiality. This is what we've been thinking about. Debt grows exponential because of two reasons. Number one is the interest rate. It just compounds. Now the U.S. is spending more on interest rate payment just servicing the debt than the defense budget. That's number one. But also the speed at which they increase the ceiling is also exponential. Because again, before it was, you know, a future. Now it's $5. Next time it's going to be $5 or more. Probably $7. Next time it's going to be $10. And of course, what does it do to the interest rate? It also compounds it even faster. And interest itself is already now compounding exponentially because it's compound interest. But it's even more few. So it's Bitcoin. Bitcoin is the only way they have to back dollar by Bitcoin. Because otherwise, this is going to go to zero. This is going to zero. Okay. Is this applicable? And would it appease you? Or am I misinterpreting the fundamentals of the debt ceiling, what it is? Well, it's sort of the opposite of what I want. They don't ever want to vote on the debt ceiling. I want to vote on it every three months. So it's two polar opposites. If you never voted on it, there would be no leverage to tell the people borrowing and spending the money they're doing a bad job. It's an inflection point. It's a point of leverage. It's a point of time for debate. So in the past, under Biden, he would ask that we extend the debt ceiling for two years with no dollar amount. And we could spend and borrow as much as they felt like they wanted to spend and borrow with no limit for two years. Five trillion is essentially limitless because I'm not sure they can borrow more than five trillion. They might be able to. But it is the same thing. No restrictions on your spending. So it's the opposite thing to do. And in the past, no conservative Republican has ever voted to raise the debt ceiling. In fact, this debt ceiling is such immense proportion that it will be the largest increase in debt ceiling in our history. And it's frankly just not conservative. Are you close to getting what you want? I mean, is the conservative, not conservative. It's the same. It's the same. It's potato, potato, tomato, tomato. They want the monies. It's politician. Politician is politician. They work the same way. Elizabeth Warren or Trump, you think they're different. They're the same. Because it is politician. And yeah, it is the way it is. Buy Bitcoin. Protect yourself. And the US, if they want to keep spending, they can do it if they back dollar by Bitcoin. It is the only way. It is the only way. Otherwise, there needs to be a reset in one way or another. Let's look at the overall market. Let's see what's happening with Bitcoin. Bitcoin right now is at 100k. Let's see if it bounces or not here. But overall, quite bullish. Solana not looking too good from this a few weeks back when we almost, listen, we almost were at 200k. But yeah, now taking a step back. Still on the money line, it's bearish. It didn't get into the bullish territory. Let's see. Sui, the same thing. It's also for the last few weeks not too good, although still bullish on the money line. Let's see. Hype. Hype is looking good. Still good. Around these areas of recent all-time highs. Still way above this, you know, 28 levels, which was the all-time high back in December. Or the close, the highest closes. What else? What else we have? Let's check Nasdaq. What's happening? Nasdaq is going to open slightly up today. So that's good. So Nasdaq doesn't care too much about this Trump-Elon thing because, yeah, at the end of the day, they're going to print. It's good for risk assets. Let's print budget. By the way, it is interesting from both perspectives because the budget is actually, this bill, is actually good for stocks. When they spend money, it means that people have money to spend. It's not sustainable, but short-term, it is bullish because, again, you have all these government workers that Doge maybe would have fired, but now they're not going to fire. Because also Doge is over. It's finito. They're not going to do too much. So Doge is finito. So in this instance, it's bullish because if people have a job, they have money, they can buy stock, they can buy crypto, they can spend money in a business. Maybe the business owner then buys crypto or buys stock. So this big budget for assets is actually very good. It's actually very good. So we have double dipping here. The first dip is that they're going to print this bill. Nice. The second dip is that it's a big signal that eventually it's going to go to zero all of it. All of it is going to go to zero eventually. So you better buy Bitcoin. So it's like double whammy. We love that. It's very, very nice, actually. Looking at Tesla. Let's see. What the hell? Tesla, man. Surprisingly, it got supported by the money line. Exactly, exactly here. Very, very nice. So yeah, hopefully it can go up from here. But I don't know. What will Trump do? He could deport Musk, I guess. He could. I guess that's a tool he has. He's been using that tool. Can he do that to Musk? I mean, that would be crazy. That would be crazy if Musk is deported. Do you think it can happen? It does sound insane, but I mean, everything is insane. Trump just said that Trump is in Epstein. Inside Epstein. Inside his lips. Not in List. Yeah, List. So it's many crazy things. So yeah, let's see. Anyway. Looking at what's happening overall in this industry. We have Solana now being available on Avalanche. So basically, Wormhole has made an upgrade. And they released this connection, you can say. The bridge between Solana and Avalanche. So that's very, very nice. Because they're building a lot. A lot of interoperability is happening. Hopefully, it will bridge the liquidity between Solana and other ecosystems. So in this case, it is Avalanche. So all in all, if you look at Wormhole, they now have 83 billion Solana. 83 billion Solana that has gone through their tech. And now it's on different chains. So 83 billion. That's quite big. Next. When you look at Wormhole, they're becoming the dominant cross-chain layer. And they power over 133 billion. 133 billion in multi-chain assets overall. And also, they work with BlackRock, with Biddle, with Apollos, A-Creed. All of these TradFi funds that are coming into Web3. Vanex, Vbill, and all of that. So all in all, if it is the case that Wormhole is able to turn on the fee switch. Because right now, no one pays fee, as far as I understand. And if they turn on the fee switch, then the Wormhole token could be in a very nice position. But let's see. It's all about the regulatory environment, I will tell you, for all of these things with fee switch. And the regulatory environment now is quite good. So if they turn on the fee now, they're not going to have too much issues. But what happens if Biden is back? Or Big Mike? Or someone else? We don't know that. So let's see. But I think there's quite a good chance that they turn on the fee switch now. They try to get some kind of ruling or some kind of confirmation from Trump SEC that it's good. Because then, even if Biden comes back, they have now confirmation from the existing SEC that what they're doing is okay. And then you cannot change it then. And then it is okay. Because you cannot have different policy whenever the president changes. If you get some clarity from a regulator, it should be valid even in the next administration. So I think that's the strategy for many of them now to try to get it across. Now, some updates from the world, from Sam Altman. As you know, he is on a mission to scan everyone's eyeball. Scan everyone's eyeball. Get everyone into a proof of humanity protocol that they're building with the world coin. I mean, in a way, it is a bit black mirror. In another way, we do have a big issue with AI where very soon you simply don't know who is AI and who is not AI. And in many cases, we're starting to get there already depending on how used you are to the internet. But, for example, people of older generation, they're not too used to the internet. They see a deep fake. They think it's real. Okay. There are many scammers now that use deep fake voices in order to pretend to be your relative that is in trouble. And you have to pay very, very quickly to someone in order to save them. I mean, it's horrible stuff, but it does happen. It does happen. And this kind of stuff, this kind of scams have been in place already for, you know, years. Now it's becoming, like, even if you know AI, you are on the internet, it's going to be impossible to tell who is who. Like, Travel11, is he real? I have no clue. I have no clue. Maybe he's not real. He's timestamping. But that's the problem they're coming after, the world coin and some altmen. And they do the AI and they also have this system to ensure that on the internet, you know if someone is human. And it's going to be impossible to tell otherwise from just interacting with the AIs. It's going to be an interesting world. Like, it's – I don't know where we're heading with this AI stuff, guys. It's going very fast. It's going extremely fast with movie generation. I mean, you did see this Google view. They can generate, like, a whole Hollywood movie with just AI. Like, you don't know what's real or not. So, is there any kind of business use case for it? Absolutely. Will it be that everyone will use world coin? I'm not sure exactly who. Personally, I'm not going to scan my eyeball, personally. I'm not scanning it. I don't care. I don't care, man. But there are going to be some business use cases here. And that's what they're going for. But anyway, recently they work with Latin America delivery service, Rappi, to provide on-demand, in-person identification and have launched operations in Taiwan, making it expanding into there. So, what is this? Rappi PowerSheep enables users to schedule a world ID verification via Rappi app with a career delivery. So, basically, they're now integrating in all kinds of apps. And they become this proof of humanity integrated everywhere. So, if, let's say, this, like, Rappi, I don't know what it is. It's some kind of delivery app. It's like Deliveroo or something. When their users are using it, they're contributing to the overall network. And I guess they get coins for it or something. And, yeah, in the future, if you use another app, you're already there. I mean, I can understand a lot of people see it as dystopian. I fully get that. But the flip side is that there will be some kind of infrastructure that is proof of humanity. And that's what they're going for. And they get VCs on board. They did raise 135 million. This was a few weeks back. I think it was during last week of May. And it was a token deal that they did. So, let me know what you think, guys. Let me know what you think. Also, let's say that you have an app. And, I mean, very, very soon, if you're an investor, you don't really know if the app has real users or just, like, AI engagement. It's going to be another thing where if you have users in your app and you want investment, like, how does VCs know if they're real? I mean, one way to do it is to have them spend in the app, like it's some kind of service they pay. But otherwise, if it's just, you know, social media, some engagement-based app, which is free for users, it's going to be super tough to know if it's real, if your numbers are real and all of that. Anyway, guys, we're going to see. We're going to see how the world evolves. But it's getting spicy. I can tell it's getting spicy. And also, just thinking about, you know, future of work, AI, like, it's crazy. Like, what do you study? Really, what do you study? Because anything, you know, you kind of work in an office, some kind of white collar, you do some administration. You don't have a job soon. You don't. All of this, you know, easy white collar jobs, which are easy in the sense that, you know, someone can learn it in a few months. Like, if someone really wants they can learn it in a few months, man, they're going to go away. They're going to go away. They're going to go away very, very fast. And, yeah, what do you study? Let me know if you have kids in the, like, university age. But what do you tell them? Because everything is going to be different. And then you have Harvard scamming. They scam you for, like, 60K. How much does it cost there? Like, it's crazy. And what can they help you? They cannot help you. They're going to help you to protect you against AI. Your job, you're not going to do anything. You're not going to do anything. Basically, the only jobs that are really safe for now is, like, physical one. Plumber. Roof fixer. Stuff like that. But, yeah, soon it's going to be Elon's bot also. Anyway, it's crazy, guys. Let me know what you're... Everyone will be a trader. I mean, literally. This is what I'm thinking. That if you are trading, if you are trading, you're probably going to be safe for now. That's going to be the only human profession where you can actually invest in all of this, in all of the growth, and participate in all of it. Because it is going to be massive economic growth with AI getting in, getting everything super efficient. Because, you know, you have a white-collar person, a great person, but, you know, they do some tasks, man. Then they need vacation. What is this? AI needs no vacation. Then they go home after five. But what is this? AI doesn't go home after five. So, obviously, there's going to be massive economic boost in productivity. Is it good or bad? Productivity is good. From the human aspect, obviously, it's bad. Obviously, it's bad. So, from the, yeah, I'm still piecing it all together. But if you're trading, if you have capital, you trade. You can obviously invest in all of these companies doing AI. So, you will be on the winning end no matter what happens. So, it's correct. It's correct. You're going to learn trading. You're going to learn investing. And the only problem is that you need some capital. I mean, that's it. You need capital. But you also can create capital. That's kind of the point of crypto. But also investing in early-stage AI. It's highly capital creative. It creates capital. Because we're in the early stages of crypto and of AI. Guys, that's it. From the big picture Zeitgeist perspective, I think we captured it in a nice way. Bitcoin dipped down to 100k. Very nice. Very nice setup. Let's hold it. I mean, if we go below 100k, then we're back into this previous range. Man. If you use the PionX bot, you don't care. Because it's just going to use the volatility. It's going to buy and sell. Buy low, sell high. And check, by the way, out the trading competition below. Very, very nice. And, yeah. It's also some urgency. The reason why I wanted to do competition I spoke with them is that I want some urge for everyone to learn. Because the faster you learn, the more power you have. To watch the tutorial below. To learn the platform. Because if there's no urgency, you know, everyone is procrastinating. It's in our human nature. We're lazy. We don't want to do anything. We want to procrastinate. But now, you do have a time-limited trading competition. It ends in 14 days. So, learn the platform. Set it up. See the tutorial. I mean, you don't even have to trade. Just see the tutorial for your own sake. Just see the tutorial so you understand what's happening there. Because, again, you don't care if things go down if you're using Gridbot. It's the best. You don't need things to go up. They need to just be volatile. Go up and down, basically. Guys, listen. That's it. Big shout out to Travel11 for timestamping us today. And let me know what you think we're going to do with all of the AIs everywhere. There's going to be AI everywhere. Maybe there's going to be Ivan AI. I don't know. But, you know, I feel kind of okay. Because does PionX need KYC? I mean, I believe you don't need KYC. It will ask you, but you can close it. Or you can, in this low levels. Anyway, I'll tell you how to do it in the Discord. We're going to set up a free Discord soon. But long story short, I don't believe you need it. Because you can close down the window. It will ask, but you can close it down. Okay, let's go to Q&A. Let's go to Q&A. I still haven't seen a really entertaining AI. Maybe that's the only spot that's left for us. I mean, obviously, it may be... AIs may also have jokes and all of that. Maybe they will be entertaining. But it's something special when a person tells a joke. Especially a risky joke. Because, you know, they take a bit of a risk. They're like on the edge. They're balancing on the edge. You tell some crazy joke, it's balancing on the edge. I don't know if AI can be the same. Because AI has no personal risk. It's just a bot. If it does a crazy joke, no one's going to get mad. I think there is a lot of room there for entertainment, for AI to compete. For humans to compete with AI for survival. Like of having some kind of job or something like that. So yeah, let's see. Let's see. But I still haven't seen any entertaining one. Like, can AI really be entertaining? Because, you know, to be entertaining, you need to share some cultural understanding, some societal understanding, and so on and so forth. So yeah, maybe they can. Listen, don't underestimate AI. Maybe they can. You don't even know that they're AI. How will you know? Did you know they found a new meteor that has enough gold to make the whole world millionaires? Yeah, I've read a few of these articles. They find a new one quite often. I've seen several in the past as well. They see a new meteor. There's more. So there's a lot of gold out there, guys. There's not a lot of Bitcoin out there. There's zero Bitcoin out there. But gold is a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. It's a lot. I mean, in regards to AI, what's your idea on BitTensor? So BitTensor is interesting because it seems to have captured a lot of the community mind. It is in the bullish trend. It's nice. It's nice. Yeah, I mean, it's interesting. I see a publicly listed company, a publicly listed company in Sweden, Safelo. They are buying Tau. They're buying Tau. They're not buying a lot because it's a small company. But every few weeks they say, okay, now we bought more Tau. So it's definitely something there. They have this bit of a cult, you can say, maybe. Let's see. Let me pull. And I mean, if you're interested in Tau, check this company out. So Safelo, it's like an exchange in Sweden, but they're very small. It's not like Binance. They're super small in comparison to the international exchanges. And let's see where they posted this. Yeah, here. So Safelo expands this crypto treasury position into Tau. They sold one Bitcoin to buy Tau. And these guys, I believe, are publicly listed. Yeah, they're publicly listed in Sweden. I mean, it's not a lot, like it's not a big company, but still, it's publicly listed they have Tau. Another Tau, Tweet, Tau, treasury location. They shield Tau a lot. Like a lot. They even made like a whole conference about Tau. Yeah, BitTimes are exactly what's the bit. It's like they made a whole like online conference about Tau. Let's listen actually. Germany. Germany. Okay, perfect. We have, we have slides as well. Ready? I have slides. Yes. I was very interested in Chris introduction. He's going to show some slides. It perfectly matches what I am going to present you right now. Oh, perfect. That's interesting. Like quite unlike other crypto. So, so this guy is like CEO of the, of this company. It's like, we have a whole lot of ecosystems. There's actually a lot of synergies and collaboration happening between what would normally be hyper-competitive. And of course it is hyper-competitive, but it's, it's, it's beautiful to see these collaborations that the ones. Damn. Living, living on the edge. Tensor Procs. That Chris were describing. Eggstime. The floor is yours Felix. Thank you. Thank you. Thank you. So as Chris said, the next stage for Bitensor are businesses that don't rely on the incentive mechanism from Bitensor itself. It can work as an enabler or accelerator, but we, as from Shuko, we build hands-approps as guys that live living life on the edge. So we go out and build the world's first truly decentralized edge platform that is TensorFlow. So before we go into specifics, I want to introduce you and the very basic concepts of... Yeah, they'd have to be better at explaining what all this is. They should have done this conference a bit better. Okay, security market. Okay, Bitensor. Maybe here's the juicy part of it. So let's name these three as main arguments for 1-A-Bit Tensor. Okay, sure. And with these values, what are we doing specifically with TensorProcs? To put it short, in those five minutes, we are nothing less than the decentralized layer zero of web computing. So we work as an aggregator. We bring the stage and not the show. Anyway, you can go deeper into the rabbit hole, but I just want to show you that there is... There is something here which is unique from the perspective that you have a big community. You have even public listed companies, although not super big, investing in Bitensor. They're pushing videos a lot here, a lot about Bitensor. Fine-tuning, protein folding. We're gonna have Zach from Macrocosmos here. They run, what is it, five subnets. One, nine, thirteen. Each of those types of work are then organized within the subnet. I mean, it seems to be like a decentralized, decentralized the infra that all of them are using in order to do some AI, some other tasks, but... I don't know what it is, like branding or what it is, but... No, because there are other platforms like this also, and coins, but these guys are... They have bigger community and they're getting more attention and all that. So all in all, it does seem quite bullish from the perspective that when people think about AI, the coin is TAU. Okay, it's mainly TAU. There are others also, of course, like this Alliance, this and that, which was Fetch AI in the past, but TAU, it seems to be like the main, like, you know... Some people say it's XRP of AI coins. Can it be something like that? Can you say that? Maybe. Maybe not, but XRP is the 400x in the first cycle. Let's see, guys. Let's see. Let's see. I mean, if someone can formulate why, because I still don't get it fully, why so much hype for TAU? It's also quite expensive, but... I just see, I have pattern recognition here. I have pattern recognition that something is like super hyped, it's expensive, and it still moons a lot, and people love it anyway. I mean, to be fair, now it's not even that expensive. It's 600 million. It's not even that expensive. Let's see. Has it mooned anything? Yeah, I mean, it's quite cheap now, actually. Yeah, I mean, actually, now it's quite a good price, I would say, because... Because the lowest has been this here. And this is almost one of the lowest points. Yeah, let's see, let's see, guys. Maybe we're gonna get some TAU because... Oh, sorry, it's BitTorrent. What the fuck am I doing? Sorry. Sorry, it's not even TAU. Here. BitTensor. Yeah, I remember it being expensive, exactly. It's 7 billion, it is expensive. It's expensive. Expensive as hell. Exactly. But I do have pattern recognition here. I do have pattern recognition here that there is hype, people, it's like a cult, and... Yeah. Let's see, guys. It's quite interesting. But, I mean, from a tech perspective, it's... I don't see what's, like, really super unique here. Because there are many protocols that do this. But they have something else. I mean, tech and crypto is not that important, because it's all about the community who is using... Everything is open source anyway. Let's see, guys, what's happening. But that's about TAU. Well, here's the thing. I don't know. But I don't know. I don't know. I don't know. Guys, on this note, thanks a lot for being here. Thanks a lot for contributing to the show. Smash up the like. As soon as possible, subscribe to the channel if you haven't yet. Big shout out to Travel11 for timestamping us today. We're gonna be back Monday, as always. Have a good weekend. Enjoy your weekend. Hopefully, Bitcoin will finally pump above this, you know, 110k area. We're at 103k. Let's just close the week at like 112k. It would be so nice. It's really time to do it. It's really time for us to go to 112k, close it, and go into price discovery. For now, Bitcoin wants another dip. And that's where we are right now. Guys, thanks a lot. Enjoy. Have a good day, and goodbye, guys. Goodbye, goodbye, goodbye, goodbye, goodbye.
