WEBVTT 1 00:00:00.160 --> 00:00:02.799 Here we are now, clarity is inside forty eight hours. 2 00:00:02.839 --> 00:00:04.480 Let's break it all down for you because there are 3 00:00:04.480 --> 00:00:06.919 some things happening that you want to pay attention to. 4 00:00:07.240 --> 00:00:09.919 I want to thank our sponsor today, and that is Uphold. 5 00:00:10.320 --> 00:00:13.320 We've all been there. Expenses pop up right when the 6 00:00:13.359 --> 00:00:16.120 market's starting to heat up. It's not the right time 7 00:00:16.160 --> 00:00:18.199 to sell. The last thing you want to do is 8 00:00:18.199 --> 00:00:21.440 sell your Bitcoin, your ethereum, your XRP, or even your 9 00:00:21.440 --> 00:00:25.280 stable coin USDC. This is exactly why Uphold launched the 10 00:00:25.399 --> 00:00:28.359 Exa credit card. When I found out about this, I 11 00:00:28.399 --> 00:00:31.320 was blown away. 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As we roll 21 00:01:01.240 --> 00:01:03.520 into the final hours, you can go to the chart 22 00:01:04.239 --> 00:01:07.480 right here and of course that means two days are 23 00:01:07.560 --> 00:01:11.480 left and we are rolling into what might be actually 24 00:01:11.599 --> 00:01:13.719 the Senator's staying over in the weekend. There's a few 25 00:01:13.719 --> 00:01:16.480 people anticipating that that might happen, and this is where 26 00:01:16.519 --> 00:01:20.159 maybe the vote will occur. If you look at what's 27 00:01:20.200 --> 00:01:23.959 going on with polymarket right now, it has actually plummeted 28 00:01:24.079 --> 00:01:26.879 all the way down to a fifteen percent chance. And 29 00:01:26.959 --> 00:01:29.879 I think this is where everybody's hopes are right now. 30 00:01:30.879 --> 00:01:32.480 Let me know what you guys think though. Are you 31 00:01:32.560 --> 00:01:35.799 still in the camp that maybe this gets through the 32 00:01:35.840 --> 00:01:39.480 Senate and this is just maybe in a position where 33 00:01:39.959 --> 00:01:41.040 everybody is wrong. 34 00:01:41.519 --> 00:01:42.760 Let me know down in the comments. 35 00:01:42.920 --> 00:01:45.280 All right, So remember that we're trying to figure out 36 00:01:45.280 --> 00:01:47.719 why Thune hasn't put this on the schedule. To get 37 00:01:47.719 --> 00:01:50.640 the vote, we have to continuing the resolution that essentially 38 00:01:50.680 --> 00:01:53.400 is in play right now. That would be the first 39 00:01:53.400 --> 00:01:56.359 thing that has to get done in terms of order 40 00:01:56.359 --> 00:01:59.840 of business. So the CR would explain why Thune did 41 00:02:00.079 --> 00:02:02.519 not file the cloture and the motion to proceed on 42 00:02:02.599 --> 00:02:05.640 the Clarity Act yesterday, and of course today is what we're. 43 00:02:05.439 --> 00:02:07.959 Watching right now. So this is still it now. 44 00:02:08.000 --> 00:02:11.159 Granted that the CR will be a quick vote most 45 00:02:11.319 --> 00:02:14.719 likely kind of the rubber stamp that we anticipate for this, 46 00:02:15.479 --> 00:02:17.879 but it would mean that at least this would. 47 00:02:17.639 --> 00:02:19.000 Give Thoon the green light. 48 00:02:19.479 --> 00:02:21.120 And if you look at a couple of the points 49 00:02:21.199 --> 00:02:24.039 right here the Senate dem this of course coming from 50 00:02:24.360 --> 00:02:27.120 Cynthia Lamas saying that all of these Dems need to 51 00:02:27.159 --> 00:02:31.080 think hard before killing this bipartisan Act. And of course 52 00:02:31.120 --> 00:02:35.800 she's pointing very hard right now at the Democrats and 53 00:02:36.599 --> 00:02:39.800 maybe putting them in a position of defense. Now, does 54 00:02:39.840 --> 00:02:43.360 that mean that we do have some potential here where 55 00:02:43.360 --> 00:02:45.879 some of these Dems might actually flip if a vote 56 00:02:45.919 --> 00:02:47.560 does go to the floor, Because that's still the other 57 00:02:48.000 --> 00:02:50.240 aspect is that if it does make it to the floor, 58 00:02:50.599 --> 00:02:53.520 does and do we have enough of the Dems to 59 00:02:53.520 --> 00:02:56.039 be able to make it to an actual passage? And 60 00:02:56.080 --> 00:02:58.199 do we retain enough of the Republicans. So those are 61 00:02:58.199 --> 00:03:00.360 the things we're a little bit concerned with. I want 62 00:03:00.360 --> 00:03:03.879 to play Lummis's clip here because she's talking about this 63 00:03:04.000 --> 00:03:05.319 extension into the weekend. 64 00:03:05.400 --> 00:03:07.400 Take a look where does it stand right now? 65 00:03:07.479 --> 00:03:10.000 When we were together the last time, you said you're. 66 00:03:09.879 --> 00:03:11.919 Hoping that you could actually get. 67 00:03:11.719 --> 00:03:14.759 This passed before you all leave for recess, which is 68 00:03:14.800 --> 00:03:16.520 supposed to be this Friday. 69 00:03:18.719 --> 00:03:21.560 Maria, I don't think we'll be leaving on Friday. I 70 00:03:21.599 --> 00:03:25.280 think we'll go into the weekend. There are other bills 71 00:03:25.319 --> 00:03:28.800 in addition to the Clarity Act that we need to 72 00:03:28.840 --> 00:03:32.159 take votes on before we leave for the August recess, 73 00:03:32.560 --> 00:03:35.879 and Clarity is one of those bills. So I do 74 00:03:36.039 --> 00:03:39.360 believe that we will get a vote on the Clarity 75 00:03:39.360 --> 00:03:44.000 Act and get people on the record. After eleven months 76 00:03:44.039 --> 00:03:50.360 of negotiating with Democrats and adding three hundred plus pages 77 00:03:50.400 --> 00:03:53.800 to the bill at their request, it's just time to 78 00:03:53.840 --> 00:03:55.080 get people on the record. 79 00:03:55.319 --> 00:03:57.719 Even though she says the weekend the next forty eight 80 00:03:57.800 --> 00:04:00.560 is really kind of the key of being able to 81 00:04:00.560 --> 00:04:02.599 get this through because obviously that's going to be pushing 82 00:04:02.639 --> 00:04:06.439 this into at least the vote element of going into 83 00:04:06.439 --> 00:04:08.879 the Senate. So the next two days still very important 84 00:04:09.159 --> 00:04:11.360 on how this goes forward. The other thing that could 85 00:04:11.439 --> 00:04:14.280 play into this is that and why people might be staying. 86 00:04:14.000 --> 00:04:16.279 Over is that they need a win. Senators are going 87 00:04:16.319 --> 00:04:16.959 to need to win. 88 00:04:16.839 --> 00:04:19.160 Going back to their communities and be able to say, hey, 89 00:04:19.160 --> 00:04:21.199 this is what we got done. And this of course 90 00:04:21.279 --> 00:04:24.839 will of course carry over into what could be happening 91 00:04:24.839 --> 00:04:27.160 in the midterms as well. Let me play this clip 92 00:04:27.199 --> 00:04:27.399 for you. 93 00:04:28.079 --> 00:04:31.240 A growing group of Republican Senators are all gained to 94 00:04:31.360 --> 00:04:35.160 skip VAK entirely and stay in that swamp for the 95 00:04:35.240 --> 00:04:36.279 foreseeable future. 96 00:04:36.680 --> 00:04:39.680 How caie tell you how many meetings I've been in 97 00:04:39.680 --> 00:04:42.800 in the last six months that should have been an email? 98 00:04:43.160 --> 00:04:46.240 Got to vote, and we need to vote right now. 99 00:04:46.519 --> 00:04:49.560 And if there's a motion to have us remain here 100 00:04:49.680 --> 00:04:52.160 until we get our work done, I'm going to vote yes. 101 00:04:52.720 --> 00:04:55.680 I'm very willing to stay till hell freezes over and 102 00:04:55.720 --> 00:04:58.160 think that we should put the Democrats on the record 103 00:04:58.199 --> 00:04:59.600 and vote for them one at a time. 104 00:05:00.120 --> 00:05:03.279 Fact, there are quite a few hot topics Republican senators 105 00:05:03.319 --> 00:05:06.240 can spotlight during their summer breaks, and it looks like 106 00:05:06.319 --> 00:05:08.839 the economy should be on top of that list. 107 00:05:09.040 --> 00:05:11.720 So the first time in a decade, Democrats are eking 108 00:05:11.759 --> 00:05:14.639 out Republicans when it comes to who Americans trust more 109 00:05:14.839 --> 00:05:16.120 on the economy, and. 110 00:05:16.079 --> 00:05:19.079 Fox News polling paints a similar picture, with Democrats scene 111 00:05:19.120 --> 00:05:22.279 as favorable by nine points and ten points when it 112 00:05:22.319 --> 00:05:24.040 comes to inflation and prices. 113 00:05:24.439 --> 00:05:27.800 I'm confused. Does staying really just become a gesture at 114 00:05:27.839 --> 00:05:30.319 that point, or is there really a path to passage? 115 00:05:30.680 --> 00:05:34.040 Later tonight, We're going to pass the next step for 116 00:05:34.199 --> 00:05:37.680 the CR to avoid a government shut down. We have 117 00:05:38.519 --> 00:05:42.480 bills like the Crypto Bill, a big piece of President 118 00:05:42.519 --> 00:05:45.720 Trump's legacy on that front of count me in the 119 00:05:45.800 --> 00:05:48.680 list of a growing number of Senators who are willing 120 00:05:48.680 --> 00:05:51.759 to stick around here all August long to get all 121 00:05:51.759 --> 00:05:53.720 of that done if that's what it takes. But I 122 00:05:53.720 --> 00:05:55.319 don't think that's what it takes. I think we can 123 00:05:55.360 --> 00:05:57.360 pass all of these bills this week. 124 00:05:58.560 --> 00:06:01.800 All right, So maybe it is virtue signaling on trying 125 00:06:01.800 --> 00:06:03.800 to get this done, because I think this is the 126 00:06:04.000 --> 00:06:06.480 kind of the situation that Republicans are facing right now, 127 00:06:06.600 --> 00:06:08.439 is that they look as though they haven't able to 128 00:06:08.439 --> 00:06:11.120 get anything done. So that still will be a major 129 00:06:11.240 --> 00:06:12.680 factor going forward. 130 00:06:12.680 --> 00:06:12.920 All right. 131 00:06:12.959 --> 00:06:14.399 So you can kind of see some of the fud 132 00:06:14.399 --> 00:06:17.000 campaign that will continue to push into. 133 00:06:17.240 --> 00:06:18.319 This clarity vote. 134 00:06:18.360 --> 00:06:20.720 You saw it there with Warren going after Trump's mean 135 00:06:20.759 --> 00:06:22.839 points and proposing this to the SEC. 136 00:06:22.920 --> 00:06:24.319 I doubt that would happen. 137 00:06:24.720 --> 00:06:26.879 The other point, you've got Brenda Peterson kind of hitting 138 00:06:26.920 --> 00:06:29.720 on the Wall Street Journal out there, which was an 139 00:06:29.879 --> 00:06:33.279 editorial board. I'll talk about this in a second, which 140 00:06:33.360 --> 00:06:36.000 was talking about the Senate bill to regulate digital currency 141 00:06:36.360 --> 00:06:38.720 and that this would not necessarily be a good thing 142 00:06:38.879 --> 00:06:40.759 because of illicit finance. This has been one of the 143 00:06:40.800 --> 00:06:42.519 things that it has kind of propped up over the 144 00:06:42.600 --> 00:06:44.920 last really three or four days, just some of the 145 00:06:44.920 --> 00:06:47.399 things that were happening around the analysis on the Wall 146 00:06:47.399 --> 00:06:51.439 Street Journal opinion piece right there. You have another one 147 00:06:51.519 --> 00:06:55.000 right here, and it's only going to continue to get worse. 148 00:06:55.360 --> 00:06:56.920 I'm going to go to a clip because there are 149 00:06:56.959 --> 00:07:00.560 some things also that are happening in the market where 150 00:07:00.600 --> 00:07:04.560 many of the fintech industry is starting to move forward. 151 00:07:04.879 --> 00:07:07.040 Clarity or no clarity. Let me play this clip. 152 00:07:07.439 --> 00:07:08.360 There is news here. 153 00:07:08.519 --> 00:07:11.800 You're offering tokenized deposits, and I want to know what 154 00:07:11.839 --> 00:07:13.519 competitive edge does this give you? 155 00:07:14.000 --> 00:07:16.040 Are you just trying to get ahead of customer demand? 156 00:07:16.160 --> 00:07:17.920 I know that JP Morgan has talked about it. 157 00:07:17.959 --> 00:07:19.319 You're ready, Yeah, listen. 158 00:07:19.399 --> 00:07:20.959 I think when you look at all the banks, we 159 00:07:21.040 --> 00:07:25.720 all recognize that tokenization and blockchain technology is real. We've 160 00:07:25.759 --> 00:07:28.000 been saying that for a long time. You know, you've 161 00:07:28.040 --> 00:07:30.439 got those outside the bank and space saying they're the 162 00:07:30.439 --> 00:07:32.759 only ones doing it. The banks don't get and that's 163 00:07:32.800 --> 00:07:35.800 just not true. We're all embracing it, we're all building solutions. 164 00:07:35.839 --> 00:07:37.519 This is an example of we're going to be doing 165 00:07:38.199 --> 00:07:40.560 starting in the fall and then expanding into twenty seven. 166 00:07:40.720 --> 00:07:42.560 All right, So that was of course CEO over at 167 00:07:42.560 --> 00:07:45.759 Wells Fargo way behind the eight ball in terms of 168 00:07:46.319 --> 00:07:49.160 trying to get something done on the blockchain and especially 169 00:07:49.160 --> 00:07:50.240 for digital assets. 170 00:07:50.240 --> 00:07:52.319 Wells Fargo is so far behind. 171 00:07:52.199 --> 00:07:55.160 More perfect fud coming in from more perfect Union, and 172 00:07:55.199 --> 00:07:57.079 they're kind of pushing it in the sense of the banks, 173 00:07:57.079 --> 00:07:59.800 the big banks, in other words, that would now pushing 174 00:07:59.839 --> 00:08:03.639 the bill clarity to let them invest your retirement savings 175 00:08:03.639 --> 00:08:06.439 in crypto, even though these banks are already investing in 176 00:08:06.600 --> 00:08:10.680 crazy things regardless. So I think this is just the 177 00:08:10.800 --> 00:08:13.399 example of the fud that we will continue to see 178 00:08:13.959 --> 00:08:16.639 here on Thursday and Friday as this get starts to 179 00:08:16.680 --> 00:08:17.319 get very. 180 00:08:17.199 --> 00:08:18.279 Narrow on the vote. 181 00:08:18.560 --> 00:08:21.279 The other things that could play into this is is 182 00:08:21.319 --> 00:08:23.959 the market in a bottom. Are we finally at that 183 00:08:24.160 --> 00:08:28.800 point where everybody has capitulated, where everybody is exhausted with 184 00:08:28.879 --> 00:08:31.000 the market. Well, let's go take a look at Kramer. 185 00:08:31.639 --> 00:08:32.600 I have some crypto. 186 00:08:33.000 --> 00:08:35.480 Should I be more careful I think. 187 00:08:35.320 --> 00:08:38.000 That you should give yourself three or four years, and 188 00:08:38.120 --> 00:08:40.879 at that point I would get rather patronoid about it. 189 00:08:41.879 --> 00:08:45.240 Really, four years, that's not that long. 190 00:08:45.600 --> 00:08:49.879 No, that's not that long, low boy, Noah, I realize 191 00:08:49.919 --> 00:08:53.039 some way, and ethereum not really, maybe even worse. 192 00:08:53.720 --> 00:08:55.919 So I think that people have to take this man 193 00:08:56.000 --> 00:08:58.320 seriously because they're doing commercial quantity. 194 00:08:59.039 --> 00:09:00.799 Now, there'll be people have been and you say, look, 195 00:09:00.960 --> 00:09:02.679 I don't know what you're talking about, Jim, you don't 196 00:09:02.720 --> 00:09:03.200 know anything. 197 00:09:03.440 --> 00:09:05.679 I don't have to know anything. I asked the questions. 198 00:09:05.759 --> 00:09:06.759 I think you can answer me. 199 00:09:08.519 --> 00:09:08.759 Arvin. 200 00:09:08.840 --> 00:09:13.080 Christian knows quantum incredibly, he knows he knows bit point 201 00:09:13.159 --> 00:09:13.799 in quantum. 202 00:09:14.240 --> 00:09:16.360 And I'm good at sell mine. 203 00:09:17.120 --> 00:09:19.759 You are, Yes, that's really just on what he said. 204 00:09:20.080 --> 00:09:22.759 Well, he's the man. 205 00:09:24.240 --> 00:09:27.919 He's a man, all right. 206 00:09:28.000 --> 00:09:31.039 So there he's the man. Well he's selling bitcoin and 207 00:09:31.120 --> 00:09:34.200 ethereum now. So I think it's the perfect time, the 208 00:09:34.240 --> 00:09:37.039 perfect time to go over and follow in versus Kramer 209 00:09:37.080 --> 00:09:37.440 what you. 210 00:09:37.360 --> 00:09:38.639 Guys should do right now? 211 00:09:38.639 --> 00:09:41.360 Because this is kind of a good parody on some 212 00:09:41.519 --> 00:09:43.559 of the bad calls that we have seen coming out 213 00:09:43.559 --> 00:09:46.240 of Kramer. It's kind of interesting. Sometimes he actually says 214 00:09:46.279 --> 00:09:48.840 a few things that are pretty smart, but then he 215 00:09:48.879 --> 00:09:50.679 backtracks off of these as soon as he gets a 216 00:09:50.679 --> 00:09:55.200 little sign of trouble. So just interesting points right now. Now, 217 00:09:55.519 --> 00:09:58.759 that is not what the rest of the market thinks. 218 00:09:58.919 --> 00:10:01.840 And Tom Lee, of course, the perma bull that's out there. 219 00:10:02.320 --> 00:10:04.399 He thinks that we are going to start to see 220 00:10:04.559 --> 00:10:09.480 more correlation to some of these maybe the big players 221 00:10:09.519 --> 00:10:11.320 within Wall Street that will. 222 00:10:11.159 --> 00:10:13.159 Get affected by this. And he's talking about Robin Hood. 223 00:10:13.240 --> 00:10:16.240 Take a look, Okay, I think the crypto bear markets ended. 224 00:10:16.399 --> 00:10:19.559 So to me, you know, three months from now, I 225 00:10:19.559 --> 00:10:21.320 actually think you're going to see a lot of growth 226 00:10:21.399 --> 00:10:25.360 in crypto trading. But there are some things investors are 227 00:10:25.399 --> 00:10:28.000 waiting for, like the Clarity Act. We have to keep mind, 228 00:10:28.039 --> 00:10:30.600 like when analysts set price targets, they're probably looking twelve 229 00:10:30.639 --> 00:10:34.480 months ahead. We're thinking three years, five years ahead. So 230 00:10:34.600 --> 00:10:38.039 to us that one twenty number, I mean, first of all, 231 00:10:38.039 --> 00:10:39.679 it only really takes you back to where it was 232 00:10:39.720 --> 00:10:42.399 a few months ago. So I think those are pretty 233 00:10:42.399 --> 00:10:45.440 reasonable targets. But you know, we would expect the stock 234 00:10:45.519 --> 00:10:47.440 to be much higher over the next three to five years. 235 00:10:48.799 --> 00:10:51.159 All right, So what he is talking about there is 236 00:10:51.320 --> 00:10:54.720 Robinhood in the one hundred and twenty dollars price zone, 237 00:10:54.759 --> 00:10:58.399 which was back here around early July. He saw that 238 00:10:58.919 --> 00:11:02.639 clip of one eighteen. But let's remember, guys, that Robinhood 239 00:11:02.679 --> 00:11:04.559 topped out right there at about one point fifty. 240 00:11:05.039 --> 00:11:06.240 And this is all. 241 00:11:06.039 --> 00:11:09.080 Prior to many of the advancements that Hood has done. 242 00:11:09.159 --> 00:11:10.720 And I know many of you say, well, hey, some 243 00:11:10.759 --> 00:11:13.480 of the robin Hood chain activity has started decline, but 244 00:11:13.519 --> 00:11:14.840 they're continued services. 245 00:11:14.919 --> 00:11:17.559 I think in general crypto has kind of had that issue. 246 00:11:17.799 --> 00:11:19.879 But I want to play another clip here by him, 247 00:11:19.919 --> 00:11:24.240 because now he is targeting Robinhood as the winner. I mean, 248 00:11:24.279 --> 00:11:27.360 based on his analysis here, they would be the winner 249 00:11:27.440 --> 00:11:29.360 coming out of all things clarity. 250 00:11:29.360 --> 00:11:29.919 Take a look. 251 00:11:30.559 --> 00:11:34.000 The largest financial company in the world right now is 252 00:11:34.080 --> 00:11:39.720 JP Morgan nine hundred billion dollar market cap. In ten years, 253 00:11:40.159 --> 00:11:43.519 how large is the largest financial company in the world. 254 00:11:43.320 --> 00:11:46.240 The largest financial service company ten years could be the 255 00:11:46.279 --> 00:11:48.159 size of a MAG seven today. 256 00:11:48.399 --> 00:11:50.639 And well, if I'm thinking about the size of MAG 257 00:11:50.720 --> 00:11:53.720 seven's in ten years, I think it might be ten 258 00:11:53.759 --> 00:11:55.799 trillion dollars just to get into the club. 259 00:11:56.960 --> 00:11:59.919 Correct one of these companies now, it could be JP Morgan, 260 00:12:00.679 --> 00:12:03.320 it could be robin Hood will be a MAG seven. 261 00:12:04.799 --> 00:12:08.840 You know, and ten trillion is the entry price into 262 00:12:08.879 --> 00:12:13.200 that club. That's one hundred x from here for Robinhood. 263 00:12:13.960 --> 00:12:17.159 So actually it should do better than one hundred x 264 00:12:17.200 --> 00:12:18.879 because the number of shares could be lower. 265 00:12:20.559 --> 00:12:22.879 Wow, that just blows my mind. One hundred x. You 266 00:12:22.919 --> 00:12:25.320 look at and think about this too for a second. 267 00:12:25.440 --> 00:12:29.120 And that is, and we've talked about this many times 268 00:12:29.120 --> 00:12:32.519 here on the show, is there is a major shift 269 00:12:32.559 --> 00:12:35.039 in where money is coming from. And what I'm talking 270 00:12:35.039 --> 00:12:38.879 about is boomers are starting to move that capital into 271 00:12:39.159 --> 00:12:41.879 their next generations within their family. That means that we 272 00:12:41.960 --> 00:12:45.000 are going to see a next generation boom and that 273 00:12:45.039 --> 00:12:48.360 most likely will come from the millennial crowd, and eventually 274 00:12:48.360 --> 00:12:50.799 that makes its way into Gen Z. And I think 275 00:12:50.879 --> 00:12:53.919 this is the potential here in the next ten years 276 00:12:53.960 --> 00:12:57.639 of seeing just a whole retracement of how finance is 277 00:12:57.720 --> 00:12:59.559 going to be done at Wall Street and Robinhood courses 278 00:12:59.559 --> 00:13:02.840 in the right place, spot at the right time to 279 00:13:02.879 --> 00:13:05.600 make all this happen. One last clip from Tom Lee 280 00:13:05.679 --> 00:13:09.519 about RWA's because he's talking about it in a way 281 00:13:09.559 --> 00:13:11.360 that maybe you would not expect. 282 00:13:11.399 --> 00:13:12.799 Take a look, what do. 283 00:13:12.799 --> 00:13:16.360 You think is the first thing that normal people will 284 00:13:16.399 --> 00:13:19.440 buy that will make them go, holy smokes. This is 285 00:13:19.919 --> 00:13:24.039 really interesting and novel and probably not possible without crypto. 286 00:13:24.320 --> 00:13:26.480 You know. One of the simple things is to say, well, 287 00:13:26.559 --> 00:13:29.840 what are the largest markets? So public equities are huge, 288 00:13:30.440 --> 00:13:35.080 bonds are big. Real estate's a natural market. But just 289 00:13:35.080 --> 00:13:37.799 because these are large, liquid markets, do they have to 290 00:13:37.799 --> 00:13:39.720 be token. It's because if they're already large and liquid, 291 00:13:39.840 --> 00:13:42.960 what's the benefit. I think those do benefit from twenty 292 00:13:43.000 --> 00:13:45.960 four to seven trading, just the way oil trading is. 293 00:13:46.000 --> 00:13:49.639 A perpetual has become very popular for hedge funds over weekends. 294 00:13:49.960 --> 00:13:52.919 But there may be a hybrid market in future created 295 00:13:52.919 --> 00:13:57.519 that uses RWA coupled with either prediction markets or perpetuals 296 00:13:57.919 --> 00:14:00.759 that creates a liquid market for some thing that people 297 00:14:00.840 --> 00:14:04.639 thought wasn't ever liquid. So there may be something today 298 00:14:04.720 --> 00:14:07.480 that we didn't think was even a liquid market, but 299 00:14:07.519 --> 00:14:09.720 we'd always love to know if it was a liquid price. 300 00:14:11.879 --> 00:14:14.799 And what he could be alluding to there, of course, 301 00:14:14.879 --> 00:14:18.399 is the collector markets. We've had a couple of videos 302 00:14:18.440 --> 00:14:20.720 on this very topic here just in the last couple 303 00:14:20.759 --> 00:14:21.080 of days. 304 00:14:21.080 --> 00:14:22.240 You guys said, probably go check it out. 305 00:14:22.279 --> 00:14:23.639 But I think the point he's getting at this is 306 00:14:23.679 --> 00:14:26.519 going to open up an opportunity here for a lot 307 00:14:26.519 --> 00:14:29.840 of what has been ill liquid in the past to 308 00:14:30.080 --> 00:14:33.639 something that will I think start to move into mainstream. 309 00:14:33.720 --> 00:14:36.879 So get ready, guys, we could see some very intriguing 310 00:14:36.960 --> 00:14:42.480 changes in the near future. Speaking of something a little unusual, well, 311 00:14:42.480 --> 00:14:44.360 you got to go over and look at what unicewap 312 00:14:44.399 --> 00:14:47.000 is doing. Yeah, this is a landing page at pools 313 00:14:47.039 --> 00:14:48.720 dot trade if you guys want to go visit it. 314 00:14:49.320 --> 00:14:50.000 One thing that's. 315 00:14:49.879 --> 00:14:52.480 Happening right now, of course, is unicewap is in the 316 00:14:52.519 --> 00:14:56.559 process of deploying something big. Now, this could be correlated 317 00:14:56.559 --> 00:14:59.120 to clarity, it could be correlated to just something that 318 00:14:59.240 --> 00:15:01.799 is unicewap ask in the sense of the way they 319 00:15:01.879 --> 00:15:04.519 do things. You had to aid hidden Adams right there, 320 00:15:04.799 --> 00:15:05.639 going to be another hour. 321 00:15:05.679 --> 00:15:07.240 Appreciate the patient, stay tuned. 322 00:15:07.240 --> 00:15:10.759 We anticipate some pretty big announcements within that, and that 323 00:15:10.799 --> 00:15:13.240 of course means good things for DeFi in general. 324 00:15:13.559 --> 00:15:15.120 I want to go to a clip because this. 325 00:15:15.039 --> 00:15:19.000 Will get into why uniswap might actually be the trade 326 00:15:19.279 --> 00:15:20.039 right now in crypto. 327 00:15:20.120 --> 00:15:20.639 Take a look. 328 00:15:21.480 --> 00:15:24.000 Look, I think that's I think that's probably the easiest 329 00:15:24.039 --> 00:15:27.240 trade right now in crypto. Many of those assets are 330 00:15:27.279 --> 00:15:30.480 extraordinarily small right. UNISWAP is a global brand that is 331 00:15:30.559 --> 00:15:33.679 on a circulating supply basis, a two point seven billion 332 00:15:33.720 --> 00:15:37.120 dollar asset. It's improving its tokenomics. There's a reason why 333 00:15:37.200 --> 00:15:40.799 it had poor tokenomics because under Gensler you couldn't capture 334 00:15:40.799 --> 00:15:43.159 any value. They've shown the ability to throw a fee 335 00:15:43.200 --> 00:15:47.159 switch and aggregate a portion or arrogate a portion of 336 00:15:47.200 --> 00:15:52.600 the fee activity to the chain itself. I think that's 337 00:15:52.759 --> 00:15:55.080 that's like a pretty It's aligned with a lot of 338 00:15:55.120 --> 00:15:58.759 things that are going right right now, real world assets, 339 00:15:59.240 --> 00:16:05.000 integrations with large financial partners, improving regulatory status, improving tokonomics, 340 00:16:05.080 --> 00:16:08.440 a revenue driven meta. There is demand for those sorts 341 00:16:08.440 --> 00:16:09.080 of assets. 342 00:16:10.600 --> 00:16:13.080 And if you look at the UNISWAP chart, I'll bring 343 00:16:13.120 --> 00:16:14.480 that up real quick here. 344 00:16:14.919 --> 00:16:16.000 Actually, let me pull up. 345 00:16:16.080 --> 00:16:18.879 Yeah, here we go, UNISWAP chart still holding it around 346 00:16:18.879 --> 00:16:21.159 four thirteen, but up quite a bit off of the 347 00:16:21.159 --> 00:16:23.120 floor here at around two thirty eight. So this has 348 00:16:23.159 --> 00:16:26.799 been something we've been watching pretty closely, and we've had 349 00:16:26.879 --> 00:16:29.200 Matt on a couple times to talk specifically about where 350 00:16:29.279 --> 00:16:33.559 UNISWAP is going. But it is definitely a good indicator 351 00:16:33.600 --> 00:16:35.679 here as we start to roll into maybe where the 352 00:16:35.720 --> 00:16:38.679 bottom of this market is heading and when you think 353 00:16:38.720 --> 00:16:40.240 about the bottom of the market, you have to think 354 00:16:40.240 --> 00:16:42.600 about is bitcoin at the bottom? While you've got Strategy 355 00:16:42.639 --> 00:16:47.279 out here doing some new strategic moves here, and they're 356 00:16:47.279 --> 00:16:51.720 going to be matching US government's seed contribution for newborns 357 00:16:51.799 --> 00:16:53.799 of US employees, So they're going to add another two 358 00:16:53.840 --> 00:16:57.159 hundred and fifty to every year to Trump's accounts for 359 00:16:57.360 --> 00:17:00.240 every eligible child under eighteen. I think this is good 360 00:17:00.279 --> 00:17:03.879 in general, but when you look at the situation of 361 00:17:03.919 --> 00:17:06.440 where strategy is, and if you look at Stretch, it 362 00:17:06.519 --> 00:17:10.160 is actually kind of recovered up to ninety three. So 363 00:17:11.000 --> 00:17:13.880 Peter Schiff may have been wrong on this, and maybe 364 00:17:13.920 --> 00:17:16.640 Sailor was right, or is it too early to tell. 365 00:17:17.079 --> 00:17:21.599 Would you still possibly go into stretch or not put 366 00:17:21.599 --> 00:17:23.240 it in the common stand below. I'm kind of interested 367 00:17:23.240 --> 00:17:25.039 in what you guys would be saying on that point. 368 00:17:25.720 --> 00:17:26.920 Other things that I want to hit on. 369 00:17:26.960 --> 00:17:29.279 Of course, you have this happening right now, which is 370 00:17:29.319 --> 00:17:32.359 the Trump administration saying they're going to refund one hundred 371 00:17:32.400 --> 00:17:33.480 billion in tariffs. 372 00:17:33.519 --> 00:17:36.279 This, of course is after the Supreme Court ruled them illegal. 373 00:17:37.519 --> 00:17:38.799 The money is going to be going out to a 374 00:17:38.839 --> 00:17:41.640 lot of companies, and this I think is probably going 375 00:17:41.720 --> 00:17:44.319 to upset consumers a lot, and I think it's going 376 00:17:44.359 --> 00:17:46.759 to upset them in the midterms when they see this, 377 00:17:46.759 --> 00:17:50.720 because this is timing right now is not good for Republicans, 378 00:17:51.119 --> 00:17:53.480 and I think this is going to force some pretty 379 00:17:53.480 --> 00:17:57.119 big issues in general. Here's a clip on this and 380 00:17:57.160 --> 00:17:58.759 the nightmare that is ensuing. 381 00:17:58.799 --> 00:17:59.359 Take a look. 382 00:18:00.160 --> 00:18:03.720 Here's how we're getting today. On recent earnings calls, executives 383 00:18:03.720 --> 00:18:06.960 at major food and consumer goods companies openly admitted to 384 00:18:07.079 --> 00:18:10.400 investors that they are using the refund checks to pad 385 00:18:10.440 --> 00:18:14.599 their profit margins and offset inflation, rather than lowering prices 386 00:18:14.599 --> 00:18:17.759 for shoppers. Nice huh. Apple is claiming two point two 387 00:18:17.839 --> 00:18:21.200 billion of the refund They're pumped and celebrating what CEO 388 00:18:21.279 --> 00:18:24.200 Tim Cook said was its strongest June quarter ever. 389 00:18:24.440 --> 00:18:28.240 Amazon received about six hundred million dollars in tariff refunds. 390 00:18:28.359 --> 00:18:31.640 Amazon says it plans to pass that money back to 391 00:18:31.720 --> 00:18:35.960 customers whenever it can determine a specific purchase included those 392 00:18:36.160 --> 00:18:37.440 extra import. 393 00:18:37.079 --> 00:18:38.920 Costs, whatever that means. 394 00:18:39.160 --> 00:18:43.440 Walmart, Costco, Home Depot, and General Motors. Those companies have 395 00:18:43.640 --> 00:18:46.519 not gone as far as Amazon yet in terms of 396 00:18:46.759 --> 00:18:50.119 committing to pass some of those refunds onto consumers. 397 00:18:50.160 --> 00:18:52.759 Translation, we're going to do whatever the we want with 398 00:18:52.799 --> 00:18:53.319 this money. 399 00:18:53.599 --> 00:18:59.079 Walmart around ten billion, Nike around one. 400 00:18:58.920 --> 00:19:02.119 Billion, assuming the government to get theirs and the people 401 00:19:02.160 --> 00:19:04.119