AI, Bitcoin, Gold, Privacy, and Market Outlook

[Part 1 of 3] [00:00] If if we had not had AI, we would be $8 billion less. We had five IPOs, none of them would have happened because I used the AI to design the securities and solve all the tax problems and all the securities law issues. You know, so I like I'm a big believer in using AI to design new things. And I look, I'm just I I focus upon digital credit and security, but there's someone there thinking about how to make the car drive and cure cancer and like like aren't there like a hundred million problems the human race has to solve that we that you like, well, you're going to need a thousand people with PhDs to solve that. Well, guess what? Now every 16-year-old has a thousand PhDs at their fingertips and so I'm I'm very bullish. The world's going to be a much better place and and we're going to see an age of empowerment and abundance because of digital technology. [00:59] People are greedy when they also try to acquire gold. [01:02] Not really. I mean, people who buy gold are trying to preserve it. [01:04] really centuries. We have centuries of people being greedy to go ahead and acquire gold. [01:10] Well, no, well, you're talking about to acquire wealth. Yes, people are greedy in that they want they want more things and there's nothing wrong with that. But when they're converting what they've earned into gold, that's not the greed part. That's the preservation part. I I I I've earned all this money because I was greedy. Now I don't want to lose it. I want to store it so I can use it later. I don't want to blow it all right now. I want to hold on to it. And, you know, gold is a way to do that. You can't really do that in a fiat currency that's just being printed, you know, into oblivion. So, uh, but but but, you know, the the greed is in the speculative frenzy that accompanies Bitcoin. [01:52] They tell me that I'm the reason they own Bitcoin because they listened to me years ago about economics, about sound money and and and the Fed and inflation, and I'm the one that got them. Plus, there's a lot of technology in Midnight that's going to make the use of Cardano safer. Like Midnight Passport will be the fastest, safest, and easiest way to use Cardano. So, we gain all the usability and enhancements. Plus, I'd argue Midnight is an essential component for Bitcoin. That Bitcoin D5. When you look at that side of it, you're like, okay, Bitcoin users, they want privacy. So, Cardano could do a lot of the heavy lifting on the programming side, but we're going to put private coordination layers to solve all that. So, we're actually working on this program. Our Bitcoin D5 setup, we'll be calling it the the circle. So, you start with Bitcoin to Taproot. I'm going to put 50 Bitcoin to buy money into this. It's free Bitcoin. It works. So, you start with Taproot and uh Bitcoin. You lend it to a stable coin. So, that'll occur off Cardano through a specialized transaction through this token bridge. And then that stable coin would then be deployed into a yield bearing instrument. And then as you make yield, the yield is converted to Bitcoin. And then it steps your capital. And then Midnight coordinates all this with the side. So, you have like all three networks working together, and you have this circle. And then from the Bitcoin user's perspective, you just give them a button, make money, click the button. And then it locks their Bitcoin, they just start generating a yield. The security actually enters the Taproot on the Bitcoin network. So, it's my three rules that I have for Bitcoin D5. One, there's only Bitcoin. No other token. Bitcoin, Litecoin is better money than than fiat, obviously. Also better money than gold. I I believe it's the best form of money that um humans have ever come across. Right? Money being a good being that is um it's inflation proof, right? No one, no single person, company or or government can print more money, right? Can print money and inflate away the money you're holding. Uh, your savings, right? That's kind of one of the key things about money is if you work hard and you make money, you don't want that money to kind of distill over time, not from your own doing. Right? So, that's that's key in Bitcoin, Litecoin and uh most cryptocurrencies, um, is able to to do that. [04:12] I could have the argument that real estate's better than Bitcoin. [04:16] For a number of reasons, by the way, depending on who you are. Um, your audience could probably disagree because they're probably a bunch of, you know, Bitcoin maximalists. [04:27] They don't have as much Bitcoin as the real estate guy, by the way. [04:30] No, I I'll tell you right now, hold on one second. See, that's the funny thing, dude. That me and my brother were talking about this yesterday. You know, the guys that know the most seem to have the least. [04:42] 100%. That that I can probably agree with you on. [04:46] It should be a bigger issue within the crypto system and the ecosystem. What do you think? [04:51] I think it will be. I think privacy is going to be the the new if you want to in my view, and this is what I'm tasking the investment professionals at Nailstrom to start to figure out. I think that the standout shitcoin or, you know, few shitcoins of 2026 to 2028 will be related some way shape or form to privacy. We already saw the, you know, amazing move of Zcash over the last few months. Yes, it's down 50% from the 780 high, but I think again, my goal is, you know, my mental model is 10 to 20% the value of Bitcoin. That's where Zcash ends up. So, much higher than where it is today. But, you know, taking away Zcash, what is the token project or protocol that's going to utilize some privacy technology, obviously something like ZK or knowledge proofs to do something whether that's quantum resistant, you know, the overloards can't de-anonymize their data or, you know, see what we're doing. Whatever it is, right? These are things that we're latently afraid of of of what bad things that could happen with the proliferation of digtech Bitcoin. [06:00] Donald Trump getting elected and knowing that we share friends in the White House for all the populist parties of Europe who are under attack. Every single populist leader. If you look at the leaders, and my last documentary was called Silence. I got 18 months in prison for my last documentary. The reason I aired it was because the documentary was so bigger than me. It's exactly what they're doing. Lawfare has been waged against if you go through, I pick any of them. Pick Geert Wilders, the leader of the Dutch party. Pick Marine Le Pen. Any politician in Europe, yeah? Anyone, anyone who has stood up and tried to speak against immigration, and you will see a history. Matteo Salvini, I was with him two days ago, the Deputy Prime Minister of of Italy was prosecuted in 2020. They said he was not because he stopped the boat. He was prosecuted in 2021. He was then charged of other crimes. The process is the punishment. Every political leader who's tried to stand up to was charged. You saw what they done to Bannon. You saw what they done to Stone. You saw what they're trying to do to Trump. That's happening across the board. Every of the totalitarian state. But I think it's probably because they're elected from I'm very optimistic about the future. More it's not because we're not in Trump. The public already. The public is awake. [07:18] So, the other thing about it is, is a lot of political power. You know, it's going to have a mutual attack in the 2022 election. What first got you excited about blockchains? [07:30] Think about it. Oh, wait. I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to share in the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Why are we still living with the same broken system that blockchains promised to fix? It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we built Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [08:47] Ladies and gentlemen, we all know this in crypto. Ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy-to-use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [09:30] This is Houston. T-minus one minute until full data blackout. All eyes are on you. [09:45] Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. [09:55] Is that guy on FOMO? Yeah, let's get back to it everybody. [10:15] Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. Opportunity cost is simply this. Every position you take is a position you choose over something else. [10:36] This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. [10:44] This. For now, the crisis appears to be over. [11:01] Satellite's up and running. Positions looking good too. [11:17] There we go. United States of America representing. [11:20] Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I'm here providing electricity and that energy that is necessary. I'm the modern day Tony Stark. [11:42] Who the hell is this? Who the hell is this? Page me at 5:36 in the morning. Crack the dawn and now I'm yawning. [12:01] Oh, it feels good. It feels good. It feels good. Anyway, welcome to the breakdown. Episode 789. That's right. 789. Sponsored by Midnight. Midnight, one of the top protocols out here. By the way, if Zcash is sending, what do you think happens with Midnight? Yes, I know it's a sponsored show and nothing here that's said here is financial advice. But I'm just saying if Zcash is sending, what do you think happens with Midnight? That's all I'm saying. Privacy, smart contracts. I don't know. The only one in the game. Polymarket, the official prediction market sponsor of the breakdown. Of the breakdown. We'll go ahead and get into some of the things that are on Polymarket today throughout the show. Also, Cake Wallet, one of the most secure wallets in our industry, built by Vic and his entire team for years, building one of the most secure wallets out there. If you want to hold your Bitcoin, Litecoin, Zcash, Monero on a secure wallet, you will hold it on Cake Wallet. Oh my God, that is that needs to be trademarked. Okay? That needs to be trademarked. I'm this is episode, yeah, yeah, I've been in, yeah. Anyway, anyway, also, FOMO, FOMO, FOMO. Okay? You can follow me on FOMO.family. That's it. You can follow my me coming out. And by the way, like I said yesterday, I'm only going into things that are two million and above. And you'll see that on FOMO. I ain't going to go into things at 13k, 20k. So, you guys can dunk on my head. That ain't happening. That is not happening. We had this discussion yesterday and I won't go through it. By the way, John will be on this program today at 1:15 p.m. Eastern Standard Time. We'll go ahead and chat it up. We'll have Landy on for 10, 15 minutes. We'll chat it up with him as well. Yes. Yes. I got my haircut. That's right. I am feeling I I am feeling fresh to death. That's right. Finally. Finally. Finally, I don't look homeless. Finally. So, you know, I'm saying the homeless thing, I I kind of I was fucking with it. I I ain't going to say that. I I like the anyway. Um, all right. Let's look at the markets. Let's see what's happening with the markets. I'm I'm stupid sometimes. I'm stupid. I'm really I can get stupid. All right, let's look at the markets. Let me let me share the goddamn screen here. Where is the share a screen? There we go. Oh, no, I was going to share the wrong screen. All right, here we go. 3. basically $3 trillion market cap. Shout out to you guys. Enjoy the green. Somebody said I make homeless look good. I make anything look good. Okay? I make anything fucking look good. And everybody knows that. My haters know that too. My haters will never attack me for my looks. I just want y'all to know that. My haters can never attack me for my looks. So, it's a it's like, bro, like attack him for something else or make something else up, bro. Like you can't go after his looks. Anyway, $3 trillion market cap. That's where we stand today. Um, let's look at what Bitcoin's doing out here. 86,119. Ethereum's over 2700. Nice to see that. BNB's at 785. Let's look at the heat map. Um, all right, Bitcoin again, it's just numbers from yesterday essentially then. Near Protocol is up 9%. Bitcoin Oh my God, Bitcoin Cash is up. Speaking of Bitcoin, we'll talk about Bitcoin, all right? Satoshi. We'll talk about some Satoshi, okay? XRP 4.4%. It is up. What is what else is up? Tao is up 7.6%. I like Tao a lot. What else? What's in the red? Solana's a little that's even down. Ethereum's Hype is up. Link, come on. Chainlink got to do something for me, man. Dance for me, baby. Dance for me. Dance for me. Hbar's up. Doge is up. Cardano is up. So, we're looking I mean, it's it's it's looking fine. It's looking fine. Enjoy the week. Enjoy the week. That's all I can say. Enjoy the week. Have fun. Have fun. And if by the way, if you ain't sharing the live show on YouTube, on TikTok, if you ain't hearting it on TikTok, I don't like you already. If you're not resharing it on X, and like I told you guys yesterday, we are moving over to YouTube just because there is a bigger audience. And I shall have Instagram and Facebook working today. So, we will be on way more platform streaming and you will see this show 12:00 p.m. to 2:00 p.m. Eastern Time every single day, Monday through Friday. That's right. And we have two shows coming as well. Crypto and politics. Or I should say with the politics thing, it's more trending politics with things mixed in, but crypto will have its own show. We'll talk about crypto on this show, of course. But it it should be fun. It should be absolutely fun. Um, all right. All right. I I I I'm feeling a sort of way. I'm I'm feeling I'm feeling a sort of way right now. Feeling some sort of way. Ah, ah. And by the way, uh, we will have John on today. And even though they used an old logo from uh, Goxstein. That's like the Goxstein Magazine logo. How they found that, I have no idea. But shout out to John. Um, we will I will I will potentially be speaking at the conference. That's right. I'll be why am I on this one? Not this one. This one. There you go. I'll be speaking at this conference on October. Okay? I'll be speaking with Grant Cardone. You got a bunch of you got a bunch of big-time figures here, man. I'll be speaking out there talking about crypto, blockchain, whatever, finance. It should be a fun time. This is in Vegas. You can go ahead and join us at Rebelcon 2026. 30% off if you use if you use, um, this form, this link, which I'll put out there onto the Goxstein Media website and also, uh, at Davidgoxstein.com. So, that should be fun. Um, reserve your spot now. So, you can see you can see the big hitters, including myself. Including myself talk today. Uh, he will be on again at 1:15 p.m. Eastern Standard Time. Me and him will go ahead and chop it up. Uh, so there you go. Yeah, big things, big things. Working on a lot of big things. Listen, y'all already know the story, man. I'm training really hard. All of a sudden, I I get this fucking, I don't know, who prayed for my downfall and shit, but I get this ear injury. I'm sidelined for eight weeks. I'm taking steroids. Okay, not those kind of steroids. I'm taking these wicked ass, I don't know what the fuck this I hate I hate medication in general. Okay? I never take anything. I had to take this. I'm out for like 16 days of this shit. I'm I'm and I'm still doing the show. Okay? And now I'm feeling like I'm finally getting my energy back. I swear to God, karma hits anybody wishing me bad. I swear to God. You know, I leave that in God's hands and karma, man. Some fucked up shit. Fucked up shit. Yeah, like you motherfucker just said Stein. You don't fade a Stein. You don't You want to fade me, you fade money. Somebody play 50 Cent. I get money, money all the time. I I get anyway. Let's bring in uh Landy for 10 to 15 minutes here. Uh Landy, good morning to you. What's going on, man? [20:56] Morning. Well, I'm I'm excited to to hear that you've got uh uh John's coming on. So, [21:03] Yes, John will be on at 1:15 today. [21:06] That's awesome, man. Um, I had a chance to talk to him not that long ago, so I think you should uh you should be having a good conversation, right? [21:14] Yeah, I've had plenty of conversations with him in the past on the on the round table, which is located on the street. Um, and they've been good conversations. He knows his shit. [21:25] Mhm. Yes, he does. So, [21:28] So, what's going on? How are the markets looking to you? [21:31] I mean, looks good. I, you know, Bitcoin kind of hit a stopping point right at a major weekly. You know, talked about that with you. Um, and talked about that with the audience many, many times here. Um, above 82 and a half to 83. You know, 84 to 86 is kind of the zone that you want to see Bitcoin hold up for potential further upside uh in the more immediate future. Um, you've got Ethereum, um, you know, kind of hanging out um in the zone. Uh, just tagged 2800 yesterday. You want to see it uh for more immediate upside. You want to see it holding around the $2600 level. Um, but Bitcoin even on a pullback to like 80k is fine. I'd like to see it above there. Um, even if it does do like a daily pullback, but, you know, just enjoy the ride to the upside. Um, this is a pretty darn big area of interest as well. And that's what Bitcoin and all the majors are doing in crypto. They're moving from one major, you know, monthly, weekly, high time frame level of interest to another. And um, you just want to, you know, so it's to be expected um to see price kind of stall out in and around here. Um, and if it does uh continue through some of these areas, I think we'll have some fun for Bitcoin into, you know, 88 to 90, potentially even um, you know, mid to low 90s. Uh, but I would be I would actually exercise caution in and around these areas if you are on the long side. Um, and just kind of, you know, wait, watch. Um, and if we do start to see any kind of daily retrace in markets, just pay close attention to where it retraces to. Um, yeah, no, I mean, it's been fun. Um, even traditional markets had a nice pop up and gap up yesterday. So, you know, filling in a little bit of that on the traditional market side to be expected. Um, oil prices, uh, you know, we hit some very key levels for like spy and some other other um, areas of interest there. But uh, oil prices is what everybody's watching. Um, considering, you know, what's going on in the commodities markets and energy markets. Um, as it relates to some of the not even Iran at this point. Um, it's some of the stuff that's happening in the Red Sea. Um, and then, you know, what a lot of people aren't paying attention to and that's what's happening uh between Russia and Ukraine as it come when it comes to energy. So, a lot of refinery capacity has been destroyed in Russia and it does make its way to the global markets. A lot of people don't understand that. Um, it's not they're not completely cut off. They so it is um assisting in the possibility that we see another run up. But oil is down. And it's uh coming into some pretty important areas for WTI. Um, oil, which is what's relevant to us here in the United States. Um, and even Brent and some other oil, but in this case, WTI has kind of touched off of that 88 to 90 area. Um, if it does break down, we can start to look a little bit lower. Um, and hopefully we start to see that reflected through, but it's not going to have too much effect on diesel. Um, so, you know, there is uh there is some some diesel coming into port. Um, we'll see if that starts to provide some relief, but there's still very high demand. So, that kind of pushes prices up across the entire supply chain. Uh, globally. Um, but oil coming down, you want to see it uh if it does bounce from here, you want to see it, you know, getting some lower highs. And then kind of see where it comes from there. Um, otherwise, it's still in higher low position and and and a rally off of these levels is not unforeseeable. I would just pay very close attention to this area right around um 88 to 90. Uh if it does hold up, I would expect oil to start pushing back into the low 90s, mid 90s and maybe even go for the highs, the local highs again. Um, above 100 to that 107, 100 uh $8 range. Um, but I do believe that if it does make its way up there and rejects again that we start to see some more consolidation. Um, if it doesn't, be prepared because it's going to be a lot of a lot of talk about oil headed to the upside and a lot of higher prices. Um, so, this is kind of important to pay attention to just for folks in general. Um, as um oil back above, you know, 100 bucks per barrel, about 100 100 to 102. Um, you're looking at the highs, the local highs more recently and then higher to the actual big highs that we started to see at that uh 115, 120 and potentially even up into 130. As it stands right now though, we're just waiting to see where it bottoms. And I would like to see it break structure and it would do that uh for WTI below 8872 on futures here. So, that's what I'm waiting for because then there's more of a higher potential for it to lower high, meaning there's a lower cap or ceiling on oil and maybe we start to see some relief. Um, as it stands right now, it's still in a very strong position. I'd like to see it in a little bit weaker position just for society in general. [26:52] Listen, love oil. Okay? Love you and your oil takes. I know you like putting baby oil on yourself and training oil. [27:00] Yep, yep. Me and Diddy, big oil traders. [27:03] You know the entire this entire everybody who tunes into the show, they they love hearing about baby oil. [27:09] Yes. And Solana, that's uh they use a lot of baby oil over on Solana, I heard. [27:14] Yeah, and speaking of Solana, um, I I don't know, you weren't you were on, yeah, you were on yesterday, right? [27:20] Yeah. You were here with me. [27:21] Yeah, we were talking. [27:22] When I when I went on my rant about like, you know, people are trying to sabotage me and I don't really care no more. Like that was the last thing that I put out there, kind of like just to test to see. [27:32] Yeah. [27:33] Um, but I I think it's such a good narrative that maybe you would even appreciate this. This right here, it's it's I think it went to like 120 or something. [27:45] It's the rune, right? Is this the rune? It was uh on Solana. [27:48] No, it's a Satoshi paired with uh Bitcoin. [27:51] Yeah, no, this is a bridged rune. This is exactly the bridged rune. Satoshi Nakamoto, this is the rune that was bridged from Bitcoin to Solana. [27:59] Yeah. This is it. [28:03] Okay, I went into listen, bro. I I just went in because Satoshi and being appeared to Bitcoin made sense and I can get free Bitcoin. That that's that's why I went into it. That that that is my thesis for you. [28:15] Yeah, this is a rune. Yeah. So, like uh, you know, you got dog, you've got Satoshi, you've got billion dollar cat. They all have bridged over to Solana as well. So, you can you can get them in your own Bitcoin. [28:26] But this hold on. This came off the this came off a uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh uh is not only the case that you're going to be able to pick out these areas of interest and identify them well ahead of time for the next big moves. What I'm seeing on the timeline though is a lot of FOMO. I'm seeing a lot of FOMO on the timeline. Uh about this particular move up. A lot of I told you so. Um, and then very it's not really capitulation from anyone. What I'm seeing is here's the narrative that I'm actually seeing is, look at all the dino coins run while the meme coins don't. And I I've noticed that this, you know, and we were kind of joking around about this is like that would be kind of ironic, but it's also not unexpected to see the the dino coins run with Bitcoin while the um the memes take a break. And I mentioned this to you and I've talked to you about this uh quite a bit over the past couple of years. Um, when Bitcoin actually does confirm its macro low, like it did in 2022 into 2023, when it actually confirmed the macro low off of $25,000, that's when the meme coins popped off with Bitcoin. Um, and took up a lot of mind share. And I think the conversation is starting to evolve now around a lot of people trying to come to terms with where where things are in the markets. Like where do the L1s and L2s stand, where do the meme coins stand, and what is going to occur next with a lot of the tokenized stocks? Because it's only just getting started on the tokenized stock side of things. So, I think that that is, you know, more of what I'm seeing is people just trying to figure out like, okay, where do I get in and like what do I get into? Is there anything on this move up that is not moved yet that could has the potential uh that I should put on a short list for the next correction that I should be paying attention to. Um, is there things that have moved up uh substantially that I want to see correct and where where do I want to see it correct to? So, I think that it's more in this kind of exploratory, hey, I need to start paying attention. We're in towards the end of the year. This is typically where things would start to bottom out. Maybe we get another big move down. What would I be interested in on the next bigger move down and where would I be interested in those things? Um, anybody that's been paying attention and been here, kind of, you know, is used to this at this point. I don't see too many people surprised right now. Maybe some people that haven't been paying attention the entire time, we're kind of caught off guard. Um, seen just a little bit of that. But sentiment seems to be okay. Um, what I don't like is the diametrically opposed takes, um, that will resolve when market structure actually, you know, in a transitionary market structure, if it does transition from a bear into a bull market from here, from these most recent lows, you know, once we get that confirmation, then everybody's going to be on board. But what I don't like is the crypto native side is still on the short side, while the institutions are on the long side, and I showed you that yesterday. Um, and I I don't like that. You want them to be running together or generally together, right? Um, but what that would do is is is as I mentioned, if the um if the crypto native side continues to short into these areas and then institutions stay long, I think the institutions utilize that short um interest to push price a little bit further up. And then before we see a correction. If we do start to see it correct from here, you know, things are in a fairly strong position. Like I said, Bitcoin above uh $80,000, that's a strong position to be in. Um, even though it would be a $6,500 sell off from here. Um, as long as it's closing above there. Ethereum above 2350, 2400, still in a strong position. Uh, but it's below there where things get a little dicey. Um, so, I I think that right now it's everybody's hunting for what is the next big narrative. Right? Like what hasn't popped off yet? You know, what's the next Robin Hood chain? What's the next big meme coin? What's the next, you know, as these narratives are, you know, people are trying to kind of suss out what these narratives are going to be. I think one of the things that people aren't paying close attention to, um, is blockchain. Blockchain, um, and and AI, um, AI-based uh blockchain tech. Um, the one that everyone is paying attention to is Venice AI or VVV. Um,

[Part 2 of 3] [00:00] Yeah. [00:01] But they're not paying attention to a lot of the others. So that's what I've been actually looking at is what hasn't moved in the AI sector of uh, you know, crypto technology. Um, and and what are they building and what's exciting about it and is there opportunity for me to get in? Um, I've also for whatever reason, I'm going to bring this up. For whatever reason, I had somebody uh hit me up and put me on to um, told me to take a look at Sky. Um, Sky USD. Um, and I'm doing my research on it. I've traded a little bit here and there back in the day, but never actually dove into any kind of research on it. So, I'm going to get back to you maybe in the next day or two with I'm trying to figure out why it is that I got messaged about they were very bullish on it. So, I'm trying to dig through some of the fundamentals of Sky and see what the opportunity is that they're talking about. Uh, so I can verify it for myself before I actually start um, really sizing into anything and and in fact, it actually rejected off of like 7.3 cents. So, I want to see where it kind of head heads to next. So, you know, there are things that I'm doing that I think much of the timeline in and in my conversations, I see a lot of people doing and that's just trying to identify opportunity in the markets. Um, if not for right now, then for when we do see a correction. [01:33] When we do see a correction and hopefully you guys are on point and you have your liquidity ready to go ahead and jump into your conviction plays to make sure that you're ready when the bull run comes around. A lot of people are telling me that the bull run is already here. Bullish sentiment, we're not in the bull run yet, at least in my own humble opinion. Landy has a show on the Gox Media Network where you could tune in Mondays, Wednesdays and Fridays. On Fridays, it's 8:00 p.m. Mondays and Wednesdays, 9:00 Eastern Time. Tune in, he breaks down the markets. As always, Landy, thank you so much, Puppet, for joining us today. I know you have a lot to do. I know you have a lot of spaces to attend. We appreciate it when you grace us with your presence. [02:24] Well, I appreciate you having me on, David, and uh, and I look forward to talking to you again tomorrow about some of this stuff. [02:31] Thanks a lot, Landy. I appreciate you, brother. [02:33] Take care, brother. Much love. [02:35] Man, I was going to talk to Landy about, and that's Landy. Give him a round of applause. Man, I was going to talk to him about the Giants, man. Like three plays in, like everybody gets hurt. All our players. Goddamn neighbors separates his shoulder. We got Jackson Dart. Goddamn it, man. We're playing so good. I knew it. Like I I knew it. It like one game. You gave us one game. If Jackson Dart was playing yesterday, we won. Like I I know it in my heart. If Jackson Dart was playing yesterday, we win. 100%. Jameson, I love Jameson, okay? I love Jameson, but goddamn Jameson cannot see. He's cross-eyed. I mean, like I don3:33] I don't know who the hell he's throwing the ball to. And I don't understand why they don't play Beckham. You see Devonte Adams out there and he's Devonte is playing lights out and he's up there in age. Okay? Why are you not playing Beckham? Beckham runs routes better than any wide receiver on this team besides neighbors. And even he he's a better route runner than neighbors. It's just crazy. I don't I don't know why they signed him. To torture him? It's crazy. I don't know, man. We need a backup quarterback. I mean, I love Jameson. I I think he should be a coach. I think Jameson should be a coach. I think he's a remarkable, inspirational individual. I like him as a human being. As a football player, man. Oh my God. Like I I I don't know what like some of the things he should have ran. He doesn't run. Like I I don't know what the fuck I was watching. I turned it off. I got to be honest with you. Somewhere in the fourth quarter, I said enough. This is punishment. Like watching this is this is like getting a like somebody taking a baseball bat to your balls. And just consecutively just hitting your nut sack. Like fucking batting practice. That's what it felt like watching this game yesterday. Knowing the potential that we have as a as a unit here, as a team, what Harbs has brought here on the defensive and offensive side, this tough punch him in the mouth football. We should be up two and 0. Obviously, freak injury. Freak injury. Jameson throwing the ball, man, like to I don't know what the fuck was happening yesterday. I have no no clue what who the hell are you throwing the ball at? Jesus Christ. Jesus Christ. You can I could have done a better job throwing. I could have done a better. And by the way, I got to talk about these helmets. These new high-tech helmets. I they might be better against, you know, protection against concussions, but boy, they look ugly as hell, man. Shout out to everybody who and by the way, Cam Scabu. This man, I hope he gives us three three to four years of good football because there ain't no way it could be more than three to four years the way he plays. But this man, like I don't know, man. Like there is something about Cam Scabu that is absolutely fun to fucking watch. This guy runs into people. Like he seeks out damage, bro. Like he's not running away. He's actually running for it. And I enjoy I enjoy every at least there was some fun yesterday. I don't know. I don't know why don't they have Scabu out there on third I think it was third and fourth. On like by the goal line. They don't got Scabu out there. What the what are we doing? Get Naggy out of here, man. Anyway, it's one it's it's one game. Apparently, Jackson Dart wanted to get back into the game, but they wouldn't allow for it. Apparently, he is out for maybe two to four weeks. I don't know. Maybe he pulls a Willis Reed and comes back the next game. I just want him to be healthy. Goddamn it, man. Freak injury. They did it on purpose. It should be looked into. They did it on purpose. 100% they took out Jackson Dart on purpose. We'll be right back after these commercial breaks. And then we'll get into a cool maybe we'll get into a really cool not maybe. We will have some cool um I'll have a cool conversation with John when he comes on here right after this commercial break. Man, I'm hyped up today. I got the cut. What first got you excited about blockchains? Think about it. Oh, wait. I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to sharing the value it creates. Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? Where we're still living with the same broken system that blockchains promised to fix. It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we built Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. Ladies and gentlemen, we all know this in crypto. Ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy-to-use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built-in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. This is Houston. T-minus one minute until full data blackout. All eyes are on you. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite and it could go dark at any moment. We have a second angle on this. Is that guy on FOMO? Yeah, let's get back to it everybody. Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite. Opportunity. Is simply this. Every position you take is a position you choose over something else. This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. Yes. For now, the crisis appears to be over. Satellite's up and running. Positions looking good too. There we go. United States of America representing. Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I am the modern day Tony Stark. Welcome back to the show. This is episode Episode 789, sponsored by Midnight. Midnight is the title sponsor. Also, uh, Polymarket. Polymarket is the official prediction market sponsor of the breakdown. Also, Cake Wallet, one of the most secure wallets in our industry, in the crypto space. You want to hold your Bitcoin, Litecoin, Zcash, Monero, do it on Cake Wallet. Go to cakewallet.com. Also, you can go ahead and factory reset your phone and download Cupcake and, you know, store it on your own storage device. FOMO, FOMO, FOMO. You already got you guys already know. I go on FOMO and I participate. I look, I want to see who's trading what and why they're trading it because I look at the thesis. FOMO is is no doubt about it, the number one social fi app for trading out there. So, shout out to them for doing their thing. Users keep signing up. You can go ahead and follow me on there as well. And, uh, our next guest, you can catch this in October. Let me where is it? Where where is it? Where is this thing? Why is it always escaping me? Okay. You guys can go ahead and if you're out there in Vegas or you want to fly out to Vegas, you can go ahead and check out Rebelcon 2026 and you can sign up with our link here. Um, get 30% off by using our link. I'll put it up on the uh davidgoxstein.com website. Uh, I'll also put it out on on my Twitter feed here. But go ahead, tune into this. You can see John and the rest of the Chads out there who will be breaking down things that can help you grow, okay? That can help you become a better man or woman. So, check it out. Rebelcon 2026. Gox Media will be out there covering the event also. So, shout out to John for always putting up this kind of dope ass event and speaking of John, we're going to bring John right in here. It's 1:17. I said 1:15. Let's see if he's ready. Let me see if he's ready in the green room. Is he ready in the Is he in the green room? Is he there? John, wave to me if you're there. John, wave to me. We'll wait until John comes I don't see John. I just want to I want to I want to bring him in and he's not here. I don't think John's here. There's John. There we go. All right, we're going to bring John in. I've been trying to get John on for the longest time. Last time, hello, John. What's going on? How's everything? [03:36] I just love your freaking intros. I love your ads. I mean, David, you are killing it and uh, it's an honor to be here, sir. It's your show, so I'm going to be very [03:48] No, it's an honor for you to be here. You're a legend. So like it's dope to have you here. Obviously, uh, we'll we'll talk about the event that you're having in October, uh, in Las Vegas, uh, Rebelcon 2026. Um, but man, it was I I first met you Rob was hosting the round table on the street. I go on there first time and we're just shooting about the markets and I remember during that time, people were like, I don't know where it's going. And I was like, markets are going up. Markets did go up. Bitcoin went to 126. So we were it was good. Those I think we were on the same uh show twice. But I mean, like you've always, I've listened to you. You always broke things down really well. You see the markets. You've done well in the markets. How's it going, John? [04:44] Oh, it's fantastic, David. Seriously. And yeah, when you and I did that show, gosh, a couple of years ago, the first time we were together, Bitcoin was probably 28,000 or something like that. It put on $100,000. And yet there were still doubters and, you know, it it backs and fills, it goes through these so-called crypto winters or whatever. But uh, yeah, I I'm still a true believer. I don't trade it anymore though. The only thing I trade is Ethereum and Solana. I just own Bitcoin. I don't trade it because David, I like to sleep too much. And too much of it moves at night and uh, I I really do like to sleep. So, yeah, I I love it, but I don't trade it. I just buy it. If it uh, pulls back dramatically like it did this year, I buy a little more. Um, I wish I had your kind of conviction to where I would buy a ton of it down there under 60,000, but I buy a little here and there as it makes those big dips and then I just write it out. I think that's for me anyway, that's the way to play Bitcoin. [05:55] It's so funny, John, because you sound exactly like uh, Grant Cardone, your friend, who when I had him on my show here, you know, before we had him the first time I had him on, he was the same. Like he was like, uh, Bitcoin. I wish I had your kind of convict. Same type of language and now he's like, I will sell my plane for 750 Bitcoin. Or like he's just now it's all about how much Bitcoin can I accumulate. So it's it's funny like who maybe maybe maybe that changes with you. Maybe it doesn't. It doesn't matter. Uh, why did you go you said Ethereum and Solana. Why why those two? [07:34] Um, I just like the use cases for those better. I mean, I think uh, that we all uh, after being around it a while, understand how expensive Bitcoin is to transact and yet Solana is like, you know, that. Um, so I'm not I'm not going to convince any maximalists that they should own it instead of Bitcoin because that's not really the purpose in my mind for Solana. I think the business case is the purpose for Solana. And to a lesser extent, Ethereum as well. Uh, that's a business case uh, for those two assets. Um, because they help you with any of the things that are built on uh, uh, the blockchain. Uh, somebody wants somebody comes up with something great, which by the way, prediction exchanges are pretty great and they're running on the blockchain. So, uh, I I love what's going on with the blockchain and even with uh, even though they can't get the Clarity Act across the finish line, David, um, that uh, special exemption that they gave for five years for um, basically securitize or uh, tokenizing assets and things in particular stocks. I think is a great thing. And I think it's partly what's behind this recent push to the upside. [09:55] You've been in Wall Street. You've been in markets for such a long time. Um, at some point when when crypto came out, it was taboo. People nobody wanted to do anything with crypto. If anything, they wanted to talk, you know, down about crypto, talk shit about it. Say, hey, this is garbage. Now we see Wall Street trying to find ways to build on crypto. Tokenize things on crypto, on chain. And now you have Fortune 500, Fortune 50 companies trying to do the same thing. Is it mind-boggling to you the the the 180 that that's happened within the Trify industry because you again, you've lived there. You've lived it. You've seen everything. [11:43] Well, maybe not everything, but I've seen a lot. And I remember, uh, David, in 2017, 18, I pitched CNBC on a show about crypto. And they strung me along for like six or eight months saying, yeah, we're going to do this. We're going to do this. And then, you know, eventually crypto did what it does. It made an adjustment, whether it was a crypto winter or not. It made an adjustment and came way down in price. And all of a sudden, they backed off and said, no, we're not doing this. We're not doing this. And I said, this is exactly the time when you should be helping people because picking it up at 6,000 versus 11 or 12 would seem to me like a better opportunity, a better, uh, potential return. And obviously, um, making that, uh, decision to pass on it was something I'm sure they regretted and I certainly regretted it. But, um, I I think it's an opportunity when people really doubt certain technologies. You know, I'm sure four years ago was AI, data centers, power for data centers. It was all those things where people were probably saying, oh, no, no. No one's going to do that. No one's going to, um, put data centers in space like Elon's talking about and not just talking about, but basically getting ready to start doing. Um, I I think when people push back against a legitimate technology, again, you know, if this was a Ponzi scheme or something like that, which some people have called cryptos a Ponzi scheme, they're retarded. Um, you know, they don't know what they're talking about. It is not a Ponzi scheme. Uh, the way for the way Ponzis work, as you know, since you're a Wall Street guy, you're a New York guy. I mean, you know, we've seen how people get ripped off in Ponzi schemes. Travis Kelsey just got ripped off in a Ponzi scheme. Uh, a couple million bucks. I mean, and that's sad. And he probably did it because the guy this uh, I think can't remember if he was Indian or Pakistani gentleman, but I'm not disparaging an entire race or anything. I'm just saying, whoever it was, it was a foreigner that lured him in with some sort of great snake oil. Um, but I think when something sounds too good to be true, you're you're good folks to be uh, um, a little suspicious. But then after you examine it, if it really can be true, um, then I think, I mean, like for instance, right next door, literally, David, next door to where I live is Harry Markopolos, the guy, because I'm down in Puerto Rico. Yeah. The guy who was behind outing, um, Bernie Madoff. He proved mathematically, Bernie couldn't be doing what he was doing. And yet no one wanted to believe him. And when people ask me, I didn't know Bernie was a a fraud, but I met with him two or three times for big customers of ours. And whenever I came back from those meetings, I just said, I don't know what he's doing, but he's not doing what he says he's doing. Um, he'd take me to empty floors of the lipstick building with turrets all over the place and say, this is where I'm going to have 100 traders, you know, just flipping in and out of these stocks against the S&P and blah, blah, blah. And I was like, there's not that much edge in it. You can't possibly make this kind of return on that. So I I thought he just didn't want to tell me how he was really doing it. So I didn't know that he was a fraud, but again, next door, Harry, Harry knew he was a fraud, called him on it and eventually, Bernie couldn't make it work any longer and gave up the ghost. So if if you're not letting, um, greed take over, I think you can do really, really well in these markets, in the crypto markets, in uh, futures and even prediction markets. I think you can do really well in all those markets. Just don't believe somebody's got, you know, a bunch of magic beans in a bag. [19:55] You went from playing professional football into the markets. How did that happen? Like because most most athletes won't do it. So you [20:07] Yeah, well, my agent, he was uh, he was managing money for people and he was doing what was legitimate at the time, which was rolling income from one year to the next. And how do you do that, for instance? Well, if I put on a four-legged spread, in other words, I'm long this call, short this call, long this put, short this put, that's known as a box. So you put that thing on, it's got no upside potential. It's just going to be whatever the strike differentials are in that box. So for instance, if it's a 100 point box, it's just going to be worth 100. That's it. But then you wait until one side moves against you, but again, it's all locked in. For everything that works against this call, it's going to work for you in this call and so forth. So anyway, um, he was rolling money from one year to the next for a whole bunch of pro athletes. And the problem was, as it always is, um, a lot of those guys spent the money that they rolled from year to year. So in other words, if I'm making 10 million a year and I owe 5 million in taxes and I push that taxable liability to next year, I still owe 5 million next year plus whatever I make. So, but they'd spend it because they had posses, they had ex-wives, they had all the things that people that get very rich tend to have, boats, planes, cars. And they didn't have the money to pay. And so eventually the government really cracked down on rolling money from one year to the next. They wouldn't let you do it. Um, and uh, that's what got me into the markets though, was working for all those pro athletes and for my agent. And luckily, it was in Chicago, David, where we had some of the biggest pits in the world. I mean, like 3,000 people at the Merc, 2,000 people at the Board of Trade, uh, 1,600 people at the Chicago Board Option Exchange. And we'd trade all day. It was exciting. It was the most fun you could have with your clothes on, I always tell people. And probably unlike only fans, one of the ways you can make money without taking your clothes off. [26:21] That's funny. Okay, let me ask you this question now. Right. That was a good one. Uh, rates. Did you expect uh, the Fed to raise rates? [26:36] I did. [26:38] They raised rates. [26:39] I did, and not because I'm psychic either. Yeah. Just like you. I mean, I follow the money. So, that's why, I mean, just this morning, for instance, my brother and I, we were doing our streaming show. And we were looking at Kalsi, and Kalsi said, what are the odds that uh, the S&P is over 8,000 for the year? And it was roughly 7758 at that time, 7,758. And people are betting that by the end of the year, it's over 8,000. Great. Again, it's more than just an opinion because people are putting money onto Kalsi to bet on that. 66% chance that it's above 8,000. Okay, great. But the problem is, only about a million two had been wagered there. I'm sure when you open your freaking account in the morning, David, there's a lot more money in it than that. Yeah. Um, so the fact that somebody's trading 1.2 million spread out between, I don't know, a thousand different investors. Um, that's not really following the smart money. That's following really, really amateur money. But on the CME, and any of your listeners can go there right now. Just Google this, folks. CME tool. Um, and the CME tool is, they take a look at the 10-year bonds that are trading, the treasuries that are trading, the 20-year, the 30-year. And they put all that together and it comes up with a uh, uh, an estimate for the likelihood that the Fed is going to move at its next meeting. And going in to the meeting last Wednesday, it was a 92% chance that's that the Fed was going to move. Based on billions, hundreds of billions of dollars traded in three month, five year, 10 year, 20 year, 30 year treasuries and bills. So, that's the most accurate predictor you could possibly have. Those trades are almost never wrong when they're that one-sided. Yeah. You know, if it was 55, 45, yeah, that they could be wrong. But it wasn't 55, 45, it was a 90% chance. So, going into the next meeting, you guys out there, just Google CME tool and you'll see, okay, it's what is it? A 54% chance right now that they move again at their next meeting. That's not overwhelming odds. So far, that's basically a coin flip. But as we get closer to the meeting, those odds will change. And that's what you want to run with. [30:14] Well, they said that they want to do another rate hike, um, you know, whether it's next month or in November. Uh, they said by the end of the year, you know, Kevin did say that, you know, the Fed chair, they're looking to go ahead and, you know, apparently another one's coming. Uh, Trump not thrilled with it. Uh, wants the rates to be lower. He said he understands Kevin's decision because Kevin had no other choice because everybody else was going to vote for a hike. So he was okay with him voting for it. Uh, but Trump is adamant about, you know, lowering the rates. But Kevin to come out say that the economy's doing really well. Like everything was bullish on the economy, the growth and all that stuff, but we need to go ahead and curb inflation. So the, you know, uh, you know, let's go ahead and hike rates. Okay, cool. But you know what? With the, you know, with the Clarity Act not passing because they couldn't, we have a Congress that can't take a bill to the next step to to, you know, they talk about, hey, I want to make adjustments to this bill. Yeah, so vote to go ahead and take it to that part of making those adjustments and having those discussion. They wouldn't even vote for that, which is crazy. So they're not really working for the American people. It's both sides. I'm I'm a Republican, but I have to lay in on some of the Republicans who also voted no. It's just like, what are you guys doing here, man? Um, so you have that, the Clarity Act goes dead and you have rate hikes and then the markets go up. It's just like, it was almost like the the rates were priced in for the hikes and everybody already knew the Clarity Act wasn't going to pass. The SEC comes out with the CFTC, presents a better version of the Clarity Act and it looks like the institutions were happy. Big companies were happy and crypto was happy. Traditional markets are happy and it looks like it keeps going up. You agree with that? [31:09] Yeah, I do agree with it and I I think it's for good reason too. Um, I'll throw out a couple that uh, some of your left leaning viewers might not like hearing this much. [31:19] I don't have much. I don't I got to tell you, they Well, you know what? I do have. I do. Shout out to my the left side of the fence over there. You know, I I love you guys. They do show up to go ahead and bark at me. They 100% show up to bark. [31:35] Well, so for instance, the Census Department, which Trump does not control, um, came out with the fact that we're at the lowest poverty rate in history in the US. Lowest poverty rate among Hispanics, lowest poverty rate among blacks, lowest poverty rate among children. Uh, at the same time, the highest wealth in the history of our country. $196 trillion in this country. And then you look at, okay, a million new jobs, private sector, not government jobs, private sector jobs. And we've deported almost 2 million people, either they've self-deported or we've deported them. So, regular Americans are getting those jobs, which is fantastic. Um, so the reasons I think, David, that the markets are going up is record earnings, um, the fact that we're at full employment, the fact that if it weren't for two factors, we'd be below 2% um, in uh, PCE, in in inflation. And what are those two? One of them is, um, that uh, owners equivalent rent. I bet you own your place in New York, David. I'll bet you do. Yes. Um, and I do down here in Puerto Rico. Um, they don't calculate what I paid for my house. They instead just say, well, the owner equivalent rent for John's place is this number. It's not what John paid for it, it's this number. It's much higher. Well, when you factor that in to the PCE calculation, um, you get 25% increase in the uh, rate of inflation on that one thing alone. And then, of course, the other is that uh, we we are fighting a war. I happen to agree with it. I know not everybody does, but I agree with it because I think it's really dangerous to have a bad actor like a uh, a country that has and Iranian people, I love them. A lot of my friends, a lot of my countrymen, I'm Armenian and Swedish. So a lot of my countrymen live in Iran. They are uh, persecuted all the time, of course, because if you're not Muslim, you're persecuted. Iran used to be a great place. 47 years, now it's been a shit place. And, you know, do I think they should have nuclear weapons? No. Do I think they'd use them? Absolutely. [34:08] In a heartbeat. [34:09] I mean, who hasn't you we're the only country obviously that's ever used them in a war or for any conflict. Um, but China has them. China hasn't used them. Russia has them. They haven't used them. Israel has them. They haven't used them. I mean, but if these guys got them, they would use them for exactly the sort of uh, stupid activity that they're doing right now. I mean, right now they're fighting the biggest power on Earth, um, as long as they possibly can, just wearing out their treasury, wearing out their soldiers. And the IRGC, I could give two F's about. Um, you know, I hope they all go away. Um, but those are the drivers for inflation. Crude oil, because it's everything from the planes to the boats that carry stuff, to the trucks that deliver via diesel, uh, to your cars driving around. Everything runs on crude oil or fossil fuel. So, that's why, because we're over 90 a barrel, that's why we've got inflation. But if you take out the owner's equivalent rent, we'd still be down below 2% because it's 25% of that calculation right now, which is ludicrous. Ludicrous. [35:23] Yeah. Look, I I I do agree. I I talk I talk about this all the time. I do agree. You know, Iran cannot have a nuclear weapon. You you it cannot it has supported terrorism. It has not just killed Americans, but it has killed a lot of people with the funds that they have given out to terrorist organizations to do nasty shit out here in this world. So, imagine them with nuclear capabilities. It'll be absolutely devastating to the entire world. Uh, and I have this argument all the time. So, yeah, like we we went in there. Trump had balls to go in there. Uh, obviously, we all want the war to come to an end. Um, these guys are still fighting. It's not the and I agree with you. I have a lot of, you know, Iranian friends. They want to see the, you know, this terroristic regime toppled already. 47 years of suffering, okay? Nobody talks about the 50,000, you know, innocent and plus, we wouldn't even know the exact number, but killed. Nobody talks about any of that stuff by this regime. Um, I I I really hope that, you know, one day, you know, they'll be able to go back to the way they used to be. You know, where, you know, they had a democracy. They had freedom, you know, in that country to, you know, just live and go about business like we do here. Um, [36:43] Yep. I agree. [36:44] Let's talk about before you go, let's talk about Rebelcon 2026. You must be let's go ahead and put this up here. Tell me about who's coming? Like you got so I looked at this sheet. So many people are coming. Tell me more about this event for those who don't know. [36:59] We got to get your picture up there, David. There you go. Because I'm hearing I'm hearing David might be coming, folks. Um, and we we would love to have David Goxstein out there at Rebelcon. So, who do we have? We have Doug Flutie, obviously, Heisman Award winner. He's in the Hall of Fame for college and for pro football, uh, on the Canadian side, not the US Hall. But, obviously, a tremendous, um, athlete and, uh, a lot of folks look up to Doug Flutie. We've got Lonnie Paxson, who is the center and long snapper for Tom Brady. He's got three Super Bowl rings. We've got Grant Cardone, $4 billion in real estate, um, through uh, private REITs that he runs. Um, Steve Grasso, who helps companies get over the line when they're, you know, basically raising money. Um, we've got uh, uh, one of the premier guys in quantum. Uh, believe it or not, David, he has he he runs something called Excite Capital. His quantum uh, platform trades in the neighborhood of 200 times a second. He's not buying order flow and trading against it. He is instead the thing is just picking up fractions of pennies all day long throughout the day in this uh, quantum generated uh, trading platform. Um, we've got uh, Todd Alt. He's got a big, he's a big crypto miner. He's also uh, in the vault space that obviously David and other people understand much better than I do, but I'd love to work with him on that. Um, we've got uh, Janet Alvarez from uh, Sirius XM coming on out. Um, we've got, let's see, who else on that list? Uh, Derek Stevens. He's kind of in the middle right above the N and Rebelcon. Um, Derek and his brother built this casino. They're auto parts billionaires from Detroit and they put together um, a portfolio now of three casinos in Vegas. They own the Golden Gate, they own the D casino and they built Circa from the ground up, billion dollar casino.

[Part 3 of 3] [David] [00:00] nobody else's money. It's not a read like virtually every other casino as you know, David, in Vegas, whether it's Caesars, um, or Wynn, or uh Resorts International. Most of them are just REITs, uh real estate investment trusts, and somebody inside of it runs the casino and or the sports book. Derek, uh he and his brother built this place from the ground up, literally, and now they have the biggest sports book in the world and the biggest outdoor sports book in the world. It's fabulous. And hopefully we'll have you out there on stage as well, David, because I know people would love to hear from you and uh hopefully we can get Rob Nelson to do a little uh, um, you know, uh fireside chats with some of these guys and so forth, but I think it's going to be a fabulous time and as you said, 30% off if you come in through David Gokstein's uh link, folks. [Guest: John] [00:58] There you go. [David] [01:00] There you go. A legend like yourself. I I've been trying to get John on this program. God knows how long. I know you're busy. It's it's cool. [Guest: John] [01:08] Call me anytime. Call me anytime, David. I'll I'll [David] [01:11] And by the way, Rob, you know, me and you agree with every, you know, me and you definitely agree with like Iran and everything. If Rob was here, oh my God. [Guest: John] [01:20] Oh, yeah. [David] [01:21] Oh my God. That is my boy uh Rob, he's uh, you know, uh, he's white guys for Kamala. So, no. He's probably watching. I'm just messing. Rob, I'm messing around. Um, John, love having you here. You're definitely a 100% a legend. Uh, obviously, if anybody knows, they know. Uh, can't wait for October and uh Rebel Con 2026. Uh, and I will go ahead and put the link out there. Hopefully we get you back on the program. We can go ahead and talk about the markets. [Guest: John] [01:53] Anytime. [David] [01:55] Awesome. [Guest: John] [01:55] Anytime, love to. [David] [01:57] Appreciate you and your brother. You guys are awesome to go ahead and watch. Thank you so much for coming on to this program though. [Guest: John] [02:04] Thank you, David. Thank you everybody for watching. [David] [02:07] That is John. I'll go ahead and put his Twitter handle out there for you guys to go ahead and follow the legend, okay? If you don't know about John, I don't know what what planet you're living on, but you can go ahead and follow give John a follow. Um, hopefully we can bring John on next month, month after to talk about markets. Really, this man this man's a veteran. Knows what he's talking about. You want to you know when I talk about like if you want to be a millionaire, you surround yourself with millionaires. You don't ask for money. You just surround yourself around millionaires and billionaires and you become one. You are who you surround yourself with. Like you surround yourself with someone like John, you become very successful. I I'm being serious. These are the people that you you try to go ahead and seek value from. Okay? Like a sponge and then you apply these things in real life. And then you get to the places you want to go to. I I'm dead serious. I keep tell tell you guys all the time, man. This is what you guys have to do in order to be successful. Period. Period. On that note, we'll go to commercial break and we'll be back to I guess end the show. All right? So stay tuned. We'll be right back after this commercial break. [David] [03:20] What first got you excited about blockchains? Think about it. Oh, wait. [David] [03:31] I bet it wasn't multi-million dollar hacks, exposed data, or finding somewhere safe to store your seed phrase. Was it? Maybe it was the idea of decentralizing a broken financial system. Maybe it was imagining a world where people own their own data and get to share in the value it creates. [David] [03:54] Or maybe it was the promise of a fundamentally better way of connecting, communicating, and transacting. The next phase of the internet that empowers us instead of exploiting us. So, why hasn't it happened yet? We're we're still living with the same broken system that blockchains promised to fix. It's because blockchains can't keep a secret. Enabling open transparent systems was only the first half of the challenge. For blockchains to really change the world, they also have to be able to protect our sensitive data when it matters. And that's why we built Midnight to bring down the final barrier to mass adoption and unlock the full potential of the decentralized web. Let's build the internet we deserve. Together. [David] [04:41] Ladies and gentlemen, we all know this in crypto. Ownership matters. That's why Cake Wallet. Cake Wallet gives you full control of your digital assets, all in one easy-to-use application. You can store Bitcoin, Litecoin, Zcash, Monero, and many more with just one secure backup. Swap between coins in seconds. No copying addresses, no complicated steps, and even includes Bitcoin Lightning for faster payments. And with Cake Wallet built in, you can use crypto in real life through debit cards or gift cards. Simple, secure, self-custody. Download Cake Wallet and take control of your crypto. [David] [05:24] This is Houston. T-minus one minute until full data blackout. All eyes are on you. [David] [05:39] Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. [David] [05:49] Is that guy on FOMO? Oh, yeah. It's like me for a crazy trader. Yeah, let's get back to it, everybody. [David] [06:09] Breaking news. There's an astronaut conducting an emergency repair on a global communication satellite that could go dark at any moment. We have a second angle on this. Opportunity cost is simply this. Every position you take is a position you choose over something else. [David] [06:31] This just in. According to the astronaut's FOMO account, highest in the room, the satellite has been restored. Yes. For now, the crisis appears to be over. [David] [06:55] Satellite's up and running. Positions looking good too. [David] [07:11] There we go. United States of America representing. Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I'm the modern day Nikola Tesla. [David] [07:41] There we go. United States of America representing. Socialism does not work. Digital assets. Is it better to move money at the speed of light? People are greedy when they also try to acquire gold. I am here providing electricity and that energy that is necessary. I'm the modern day Nikola Tesla. [David] [08:10] Welcome back to the program. Who the fuck is this? Page 536 in the morning. Uh, welcome back. We had uh, we had John on. John uh Rebel uh Rebel Con 2026. You can go ahead and check that out. I'll put the links on uh my personal website. If you guys want to in October, in October, if you want to join us at in Vegas, um, and you want to hear me speak. The most electrifying speaker. Uh, no, if you want to hear me speak out there along with others like Grant Cardone and a lot of good uh people that he named out uh, uh, feel free. Feel free. You know what I'm saying? John is a pretty cool dude. John is cool, man. John is cool, man. That's why I've been trying to get him on my show. We have a lot more people coming on to the show this week, next week. Um, stay tuned for that. I don't like to make the announcement. I should start announcing and making those cool posters of all my guests that are coming on to the show to chop it up with me one-on-one, have a conversation for 15, 20, maybe 30 minutes, depending on the flow of the combo. That rhymed. That rhymed just now. Trademark that. Uh, but again, welcome back to the breakdown. This is episode 789. We're almost there. We are almost at the number. And that is 800. 800 episodes. 800 episodes. That's official. Unofficial, much more, but 800. 800 episodes. 800. That is crazy. Um, let's look at Polymarket real quick. I want to see what's happening with Polymarket. Um, let's see. What is happening with Polymarket? [David] [10:08] Let's see what's happening with Polymarket. And Okay. Let's let's go to this one. I want to see this right here. Which party will win the Senate? Which party will win the Senate? And we have we have the party that will win the Senate, according to Polymarket USA, is the right now at 66% Democratic Party, 36% the Republican Party. This is crazy. So the I mean, the Democrats might take the House and Senate. According to Polymarket, the Democrats are at 66%. This is this is I mean, the Republicans need to really really get their shit together. I got to tell you, the Republican Party really needs to get their shit together. It's about time that they get their shit together. I'm telling you right now, man. 66% for the Democratic Party. 66%. That's wild. And yesterday we looked on Polymarket about the Clarity Act. It was like a 6% chance of it passing this year. I don't think it passes at all. Honestly, they they they're they're in such a bad position, the Democrats. I keep saying this. The Democrats put themselves in a really bad position because they had the deal that they wanted. They refused to go through with it. And now you have the SEC and the CFTC that went ahead and gave guidelines that are better than the current Clarity Act. So for the next two years, you have you essentially have rules, understandable rules for people in crypto and those who want to build on crypto within the United States of America. And you know what? The world looks at the United States of America for their rules. Even though right now, a lot of these countries are way ahead of the United States of America because of all this, you know, fucking bitching that goes on between both of these parties, okay? And I'm a Republican and I'm just saying, both parties, okay? So the Republicans want to pass more of the Republicans, majority of them want to pass things. There are a few Republicans that side with those crazy Democrats that they just don't want to do anything. But anyway, it doesn't really matter because the SEC and the CFTC, they put out guidelines. Even with Raid Hikes, even with the Clarity Act not passed, when the SEC and the CFTC came out with their guidelines, crypto went up and crypto looks green and people are having fun again. Again, though, I still think there will be some sort of pullback. Do we go to 40k? No. But will there be a pullback? Yes. And you should be ready to take advantage of those opportunities. Shout out to Polymarket. Always shout out to Polymarket, the official prediction market sponsor of the breakdown. It is 1:55, ladies and gentlemen. You got to see me, okay? The most No doubt about it, the most electrifying personality on a microphone looking into a camera today. I'm happy because I got my haircut. I'm happy that I'm getting back in the groove of things. Man, man, it really sucked that for those that were here, those who've tuned in, you know, like I this that freak injury, man, had me sidelined. I I mean, I was showing up to the show, but this shit had me sidelined for seven to eight weeks. It's crazy. I hate bitching and complaining, but just a freak thing, man, a freak fucking injury. But I'm still, I still troop it off, man. I still troop out here. We're going to do big things, man. I'm excited. I'm excited. I'm excited. I'm excited to build things in crypto. I'm excited to build a movement with the community. I'm excited, excited to do big things with all you guys. By the way, if you're tuning into this show right now, you can replay it here or you can listen in on Apple Podcasts. You can also go to Spotify, iHeartRadio, and Amazon Music to go ahead and catch up with the latest breakdown episodes. We have two more shows coming, okay? One for crypto, one for trending news. We're going to have a lot of fun. The breakdown, obviously, the franchise show for the Goxshi Media Network, but we have the crypto show coming. Everything crypto, me degenning, me going into plays, me showing you how I go about things. It's not financial advice, but me showing you how I look at assets, how do I come up with these things? Why is David looking at this shit? Why is he think it's popping off? Then I also look at other things that are popping off that I didn't go ahead and go into, but let's look at the latest runners and why are they running and what is it thesis, what is the lore behind them? So, we will have that show dedicated to crypto and nothing but crypto, so help me God. And then the all trending show and that's crypto that's politics, that's sports, that's just the latest takes from the day. We'll have that show. We'll bring on guests. It will be cool. I know people sometimes they'll tune into the show and there are people that love this show. They tune into the show. They're like, man, I wish it would stay on crypto. Then there's others that are, man, I wish it was just politics. So now I'm going to give you this show and two others to go ahead and satisfy your needs, all right? We'll bring on again, like I said, guests to go ahead and talk about these topics. And the fourth thing is the podcast. The podcast, the podcast, the podcast, where I sit down with somebody in real life, shoot one-on-one, okay? One-on-one conversations with some of the most notable people and not they don't even have to be notable, but people that are on top of the latest stories that we can go ahead and talk about that you want to hear from. We're going to have that uh done. Hopefully, one at least one episode goes out this year, but 2027, that's where the aim is for. Ladies and gentlemen, thank you very much for tuning into the breakdown. Thank you to the sponsors. Midnight is the title sponsor of this show. Polymarket, the official prediction market sponsor of this show. Cake Wallet, one of the strongest wallets that we have in this industry. If you want to hold your Bitcoin, Litecoin, Zcash, Monero, you look at Cake Wallet. By the way, speaking of because I just named out, you know, some privacy protocols, do not sleep on Midnight. Do not sleep on Night, man. You see how Zcash went flying? I am telling you, do not sleep on Night. Also, FOMO. Shout out to FOMO. FOMO has absolutely changed the game. It allows you to see what people do in real time, why are they trading certain assets, why are they getting into certain assets? It is now cool to watch people perform in real time and and not just put out a conviction play, but actually see them go into it and trade against it. Ladies and gentlemen, thank you very much for tuning in. I will see you tomorrow at 12:00 p.m. Eastern Standard Time. You can also tune into Landy's show from yesterday. Market update. It goes on at 9:00 p.m. ET. If you missed it, you can go ahead and replay it. On that note, guys, I hope you have a wonderful day and like my boy Akil Patterson says, who's on this network, hope you have a great day and even better tomorrow.