 What is going on everybody welcome to market talks here on coin telegraph. I am your host Tim Warren I'm so excited to be here with you guys today This is the show where every single Thursday at noon Eastern Standard Time at least we go live giving you guys everything You need to know about the latest and greatest news headlines in the world of crypto and break them down with a special guest So that you can understand them better and invest wisely in them. I'm so excited about today's show I'll be joined today by Okay, the wrong name Julian Julian is amazing, but I got the wrong I got the wrong intro form So give me just a second so I can pull this one up for you guys Julian is a CEO. I gotta get to the thing I'm so sorry about that everybody My we've got the wrong link up here Julian he's the CEO and co-founder of cake D5 a highly intuitive online platform Dedicated to providing access to decentralized financial services He's widely regarded as the leading influencer in the crypto and blockchain space with over one million followers across all of his channels Globally, he is also a best-selling author and his vision is to bring blockchain awareness and understanding to a billion more people By 2025, let's go ahead and roll Julian's clip. I do not know what happened there with my link But Julian what is going on man? I'm so glad to have you here on market talks. How you doing this morning? Tim awesome. Thanks for having me looking forward Yeah, I mean we're gonna talk all things Ethereum obviously that is the biggest biggest headline that everyone is worried about today We've been waiting now for four years for the Ethereum merge and it is finally happening feels like Exactly it like I've actually I haven't even been in the space for a full four years But I remember having conversations with friends who were in crypto at that point and I remember them talking about a Ethereum coming other like oh, yeah, Ethereum 2 is coming out very soon. And then you know now I'm in the space I'm like alright. I'm still waiting, but it's here. It is finally here the question though What happens next? I want to get your take on all of that. Let's just start off Julian How are you feeling about this Ethereum merge? What is your overall feeling about Ethereum moving forward at this point? I Think first of all really excited. I think big step forward Not only for Ethereum, but really the entire industry One I mean with all the excitement though one has to say that Ethereum did strip away a lot of the features and a lot of the steps that were originally planned for the merge But nevertheless, I mean this was really like jumping out an airplane and Changing the parachutes basically along the way. So that was quite cool A lot of people were waiting what's gonna happen to the price is the price gonna pump is the price gonna dump Initially the price did pump a little bit then it kind of stagnated now I mean just as we're watching this life here. There is a massive sell-off, but that's not really crypto focused That's really more coming from the general market. So I don't think that sell-off right now has anything to do with Ethereum you see this across the board. I think right now people are also gonna be waiting a bit What's gonna happen to a potential proof of work fork, which is supposed to happen within 24 hours I think there's still gonna be a bit of some rumbling there, but other than that for me. This is really bullish especially a bit in the mid to long term and Yeah, I'm I have stacked up a lot on on a serum over the past couple of months I was very public about that and I'm glad I did You know you mentioned it a little bit right there in your answer, but let's dive a little deeper You know you talked about how there were some other things that we might have expected not everything happened But in case someone's watching this channel and they're not very familiar with all the technology of Ethereum and what this move to prove Mistake means what are some of the big outlines of what this merge really means for the Ethereum space not just price action But actual adoption and use case for the project Well originally some other things were supposed to be integrated in that kind of upgrade and we can discuss those But at the end right now actually the user is not gonna see much change Simply because Transaction limits are not changed Fees are not gonna be impacted much Throughput is not gonna be changed. So there's not really anything massive that changed up there And that's obviously the big thing that is the consensus got changed now with that I don't know if you want to pull up that dashboard that we've discussed ultrasound money One thing we will see though is that we're gonna see quite some burn probably so Bitcoin is becoming deflate Ethereum is gonna become deflationary and Yeah, they having a dashboard where you can kind of follow that since the merge. So, yeah So far 184 ease got burned since the merge. So that is probably some of the changes Does the originally it was planned that the ease would get unlocked right away now This is what's called Shanghai upgrade is gonna take another we don't know six or 12 months. So they are they did this kind of Remove some of the selling pressure there. So a couple of things obviously we're still waiting for scalability Nothing has changed there transaction fees. Nothing has changed there throughput none of these things. So that's still what we have to wait for Do I think it was the right move to go this route for sure? Otherwise probably wouldn't be waiting another 40 years for that upgrade and now this step is done And now we can kind of reiterate reiterate reiterate. So I think it's the right move forward But you as a customer use a user You shouldn't be feeling seeing much to be honest One key thing that I just want to highlight here I really think there's gonna be a lot of fake Vitalik put her in some Twitter Trying to entice you to get this airdrop with that airdrop to fill in your private key there or send your ease there Please please please don't get scammed there This is this just brings in back memories from the entire kind of Bitcoin forks in 2017. So just be Uber Uber careful there Yeah, you know Julie, I'm curious one of the things that I think is really big because as you mentioned as as far as Fundamental operations that theorem didn't change a lot gas fees aren't gonna get cheaper. They're not transacting any faster the biggest thing is gonna be the potential moving forward and One of the potentials that has been put on the table that I think is very interesting is with the move of proof-of-work to proof-of-stake Whether people agree with it or not it will be viewed as a more environmentally friendly Project, you know, of course, that's one of the still things that's hovering above Bitcoin's head is while most of us know It's not a big deal a lot of people act as if proof-of-work is still environmentally Harmful with us now seeing a move to proof-of-stake on Ethereum What do you think the institutional and well adoption of a theorem will be moving forward for people who are conscious of ESG scores? I Mean you are hitting the nail right on its head. I go to the World Economic Forum website I mean when you go to their website and you look for blockchain there Generally, they talk about like any kind of environmental stuff ESG Kind of solutions to certain problems, but there's no real talk about any kind of public blockchain Except for today for the very first time the World Economic Forum talks about the successful merge and what this could mean for the environment and what this can mean for the broader ecosystem and so on and that is a big deal I've had a mastermind call today with high net worth individuals discussing what to invest in how does this potentially affect this Tomorrow I'm having lunch. I'm having a coffee right afterwards Where all this is going to be the discussion with people who normally don't really talk that much about crypto And I'm assuming this is going to happen all around the world I see three main factors in this the first one we had discussed is a theorem is becoming deflationary It's a lot of people call this ultrasound money. I don't really bind to that narrative as much to me That that entire idea about money I don't see a theorem taking this away from Bitcoin right now And maybe never but I again the deflationary aspect may come in a little bit and some people some funds will bind to that but the other two factors that are gonna be So easy to sell is that ESG component is that energy component? I mean in Europe in the US This is such a big topic right now And I don't see how a fund or a company right now can really heavily invest in Bitcoin With what's happening? They're gonna get such a backlash But with a cerium and then you're gonna have the headlines 99% of the energy now got dropped But obviously this is also a little bit of some fake news because at the end the miners just move on to other coins Obviously, it's not a cerium anymore And and that is gonna be a big narrative and the third one and I I really think that's gonna be big It's an entire idea around staking Suddenly it's not just you buy a coin and you huddle it Now it's buy you huddle and you get cash flow on top of it Look our platform Cake defy we are a cash flow platform. We for example list coins staking and so on I mean that we see such massive drivers and we see institutions We see obviously retail anything that is very interesting to that so I If if at the moment I would have to bet a thousand dollars on Bitcoin or a cerium Then at the moment the bet for me is very clear. It's a cerium that doesn't change that doesn't take anything away from Bitcoin Bitcoin is gonna stay that digital gold To me, it's still the most censorship resistant blockchain that none of that changes But yeah, I see them just has a lot of momentum going for it right now And I understand it doesn't look like it at the price at the moment Yes, there was a bit of a sell-off just right now and over the past week. I get it But that doesn't take anything away from the mid to long term You know, I love that you kind of mentioned that right at the end because that was my next question for you It's a hard one. And is it hotly debated and talked about What do you think about this move for a cerium and you use that word censorship other people would use the word centralized versus Decentralized is the narrative that a cerium just got a lot more centralized. Do you hold a lot of weight in that? Do you think that's true? Why or why not? I Don't buy that narrative at all to me. That's a narrative that The proof-of-work fans are throwing in there They're talking about how mining proof-of-work is so much more decentralized. Well, we saw that last year We saw how China said hey, listen guys We're gonna ban mining and bam pretty much like Bitcoin hash rate completely collapsed By 50% with that the price There was a lot of tumult and now we see a lot of that mining power shifting to the US We see this shifting to other places Now the people bring up that coin base or I saw the statistic today I think about 40% of all the blocks right now on on a cerium either get mined at the moment by Lido or by coin base so they are the two largest stakers and Yeah, people like artists is so centralized. No, there's no change or difference to proof-of-work I know I'm gonna get so much backlash for that from the proof-of-work fans. That's absolutely fine There's just no difference in case coin base Would have their coins confiscated or it would become rogue. Guess what happens the exact same thing as if a miner would be Roke the community would just fork them out in this case It's just even more penalizing because coin base or whoever confiscates their coins would even lose all these coins If you do this with proof-of-work the miners can log on and can log on and can log on again and again Again into the network. We have seen this in the past We have seen miners trying to attack the network the network come together Forking those miners away, but the miners keep logging on so I don't see this at all that Staking centralizes the the network any how different than any kind of miners would do it that narrative that proof-of-stake Incentivizes the early hardlers. Well, guess what look at the miners Who are the big miners today aren't the same people that like got into Bitcoin super early and and have Made a lot of money and then just reinvested that we see this left and right again I'm not saying any of those things because I want to dunk on Bitcoin the exact opposite We're super transparent the majority of our company treasury is in Bitcoin it to me It's still the lowest risk asset But if I would be investing in something where I want numbers to go up where I want to make money Where I want to see stronger utility to meet at a theorem right now and that doesn't take anything away from Bitcoin It doesn't at all. I always feel the the Bitcoin fans. They they feel that they get threatened by that No, it's absolutely great to me It's actually a disgrace when I see some of the Bitcoin fans dunking on a cerium and and first of all hating on a serum for the past couple years that they're not ever gonna get The merch done now to get it done and now they're like, oh, it's not really a big deal I don't know to me. We should stick together way stronger. It's not a Serium versus Bitcoin. It's both it's and it's a serum and Bitcoin both have their merit And I I love that this kind of narrative would be a bit stronger Julian I could not agree with you more I discussed that this morning actually with my viewers on coffee and crypto I was like we need to realize that crypto currencies Should not be seen as enemies of one another. I know that sometimes they have to compete But in all reality, we need to realize we have a common enemy and the common enemy is centralized authority centralized currency centralized power and that crypto currency has the potential Even the ones that some people accuse of centralization. There's so much more decentralized than the current structure We need to work together to have a complete revolution over the centralized power So I couldn't agree with you any more on that one I want to go ahead and start transitioning because a lot of fundamental things we've discussed here in the beginning of the show But let's move into kind of what you were talking about there with price action I know you said it's not to take away from Bitcoin But here is how the markets work money flows a lot money flows out of one coin into stable coins into another And I do think this next period is going to be one in which case we will see money be flowing through theory I'm really quickly Adrian can you go to my screen? I'm going to show the charts and I'm gonna get Julian's take on it in case anyone hadn't seen the charts this morning We're sitting at a key level. I have the fixed volume profile put up here And I want to hear your thought on this Julian But there's been a fat zone right here between about 1460 and about 2020 that we've been trading in here Since about 18th of July. We're sitting at that key support level if we can't hold that or even about 1360 We could be dropping down into a zone that we traded back in June and July Between the levels of 1200 and about a thousand but for right now it does look like bulls are holding up strong Let's go ahead and transition back to Julian go off my screen What are your thoughts about price action Julian about this merge coming out about the those fundamentals that we just talked about in the Beginning of the show. What are your and what are your expectations for price action not only here in the next couple of days and weeks But even macro over the next we're talking the rest of this year even into the end of 2023 I think a lot of the asterium fans just like myself Positioned ourselves in the asterium trade already ahead So it was like by the by the rumor and then we were all scared that the news were gonna get sold But actually didn't get sold. What got sold now was just that entire CPI news from Tuesday and just that fear about Fed numbers and Fed rates and so on So that is a very big key distinction in all of that I do think though that right now asterium is gonna struggle a little bit because it's missing that Extra fan base coming in right now I think there's a lot of people right now in the sidelines who are just gonna be waiting a bit and they're gonna be Waiting what's happening? What's gonna happen to that proof-of-work fork or is everything working smoothly? He said it's not people are still a bit like hesitant They don't understand exactly what to expect and so whenever investors are confused. They they lack that extra action So like what you showed at the chart. I wouldn't be too surprised if Especially over the next days, maybe even one two three weeks We actually see weakness of aetherium versus Bitcoin So that's kind of their short-term horizon. So for me short term is days So I'm not a and a day trader that trades by minutes or by hours for me short term is days Maybe a couple of weeks So I wouldn't be surprised if we see some weakness there but that Narrative is strong right now and people are preparing to come in there are people who want to get Exposure that's gonna take a little bit of time. That's not gonna happen from one day to another to another And so if you're talking to me about Year-end so now we're talking weeks and months here. I see the exact opposite. I see aetherium Outperforming Bitcoin. We have seen this the entire year. Actually, we've seen this the past couple of years It and that's what I'm just seeing at the moment. So talking price here Bitcoin and it's the mother It's always gonna set the direction if Bitcoin is gonna it's right now trading under 20,000 That always sets a bad precedent for all the other coins if Bitcoin actually starts touching the lows that it has in this entire cycle Right now, which are like 17 500 or something. I don't know the exact number, but if it goes there Again, I also think aetherium is gonna go relatively quickly even to a thousand and it's gonna start touching its lows as well If Bitcoin can actually hold the twenty thousand and that's a key market such a key market Psychologically if it can hold that Very rapidly Bitcoin is gonna aetherium is gonna earn back the 1500 1600 and then Quickly my opinion we can see the 2000 and and even higher That's gonna be a very very very key kind of distinction here. I Still don't think that aetherium can dictate the direction against the dollar against Bitcoin. So if Bitcoin goes up To me, it's very easy for a serum to go up if Bitcoin goes down It's very difficult for me for a serum to actually go up against the dollar. So we just have to be a realistic here You know, we talked about some fundamentals in the beginning of the show Let's take those fundamentals and bring them over and some of my questions with the how they'll affect price Let's start with the triple having people are calling it the concept that aetherium supply daily supply is dropped 90% Which is even stronger than what a Bitcoin having is Do you think that that could have any effect very soon? How long do you think before that will take effect because while I agree that I think the Demand is gonna potentially continue to follow Bitcoin and move step-for-step The concept of the drastic drop in supply an aetherium should bring a price increase The question is when so if you ask the question how long before that supply shock that triple happening How long before those fundamentals actually start to take effect on the price? Sure. I mean at the end it's gonna come down to How much of an impact is that as you mentioned and we have actually seen this prior already Where the burn was so strong that we actually have seen deflationary periods on a serum So where more East got burned that they were created. So that's what really matters, right? So what truly matters here is not so much The happening in a sense where how many how many East get created I'm sometimes saying Bitcoin because the happening always normally is associated with Bitcoin So aetherium How many East got created and then how many got burned and that net effect is what really matters So it doesn't matter if the so the inflation rate of a serum has dropped significantly What really matters is Inflation minus burn is that gonna stay in inflation or is this gonna go into a burn and we've seen on this dashboard Since the merge we have seen a small deflation that's strong I mean that's definitely something that's gonna have an impact. Maybe not right now, but especially over time So that is a key aspect, but it's gonna come down to how strong is that burn? Is that gonna go into a strong deflationary effect then this can definitely be very very powerful If that doesn't if the burn is not as strong If people are not using it as much if they are a bit more on the cautionary side They're waiting a bit on the sidelines this can happen then even if inflation has gone down if the Like a triple happening happened That's not gonna have that impact. So it will depend of it It's it I would love to sit here and say hey, that's gonna have an immediate impact But that's just not the case again I think over the next couple days and weeks we see a little bit of aetherium weakness against Bitcoin and that's gonna then turn Around probably in two or three weeks. It's just the sentiment right now Merge happened. Everyone is like cool. So what now they're waiting any issues? No pay What should really happen should I feel something? No, it's still the same and then that impact comes in Yeah, I question. I don't know if we even talked about this, but maybe you're not aware of it And I'll ask it and then find out if you have a thought, you know We read a report yesterday that said that aetherium actually at the moment has the most Amount of shorts operating right now like it's the highest amount of money shorts are paying to to longs right now Which is a recipe traditionally for a short squeeze happening Do you think those shorts can actually start to pick up momentum or do you think that a short squeezes is viable over the next couple of days and weeks? I Mean right now the shorts are winning But not because of aetherium, but just because of the entire market. So right now They're kind of building equity if you want to call it So I'm not sure if there's actually a short squeeze right now, but I mean definitely they're like dominoes I didn't know that they it there was such a high amount of shorts sitting right now In theory, you would actually have to say that they lost I know that the markets kind of played into their hands But actually they lost and it was a bit of a bit of a fear here, right? Are we gonna see a strong sell of on a serum? We didn't see it The seller is coming right now, but that is over the entire market Yeah, that's that's kind of my thought as I like when you're looking at where we are as price action again But I showed you guys at the charts We're at the bottom level of a higher zone and the fact that we're having Historically high numbers of shorts to me That's just that is a recipe for a trader who's looking to make some money because when you're trading you're stealing money from somebody else There's that much space on shorts happening I think it's very advantageous look for people who want to go long to steal some of that money from short So it's gonna be really interesting to watch that price Let's let's move away from a theorem just for a little bit even though this will affect the theorems price Let's talk about the market maybe as a whole something you've discussed Even when we're talking about Bitcoin, we're gonna kind of move it into some some big factors some things that will affect price Moving forward the power of the dollar. What is the Fed gonna do with interest rates next Wednesday? What is your opinion about the future outlook for the market as a whole and of course with Bitcoin being its leader? What the Bitcoin price could be looking like Leading into that Fed announcement Wednesday and then potentially the rest of September Yeah, that announcement is gonna be absolutely key. I don't think necessarily the Interest rate hike is gonna be so key because I do believe I mean people are talking about a hundred basis points right now I don't think that's gonna happen from everything that we see out there. It's gonna be 75 basis points What's the key thing though? It's not gonna be that 75 basis points It's really gonna be the the signaling that Jerome Powell will set there It does he mentioned that Interest that inflation in August didn't drop as much as expected Is he gonna mention this or does he actually say, you know what actually everything looks good direction of inflation looks good we stay course at the moment and Everything looks fine as planned if he's kind of says that I think the market is actually gonna rally relatively strong And people are like, okay the worst behind us 75 basis points they front-loaded all the interest rates just like they said they would I think the biggest issue most crypto investors actually had was they Heard what the Fed was saying, but they didn't listen the Fed was actually very upfront over the past nine months You have to be straightforward there the Fed always said we're gonna be aggressive We're gonna front-load we're gonna raise interest rates and people are like, yeah, that's what the Fed says They're gonna do but you know what they're not gonna do that And then they did actually do it and that's what I always think kind of surprised investors a bit But it wasn't all too surprising. So let's see. What's what what Powell is gonna come out with next Wednesday That's an absolute key thing. The second thing and that's very crypto specific is What's gonna happen to Mount Gox and what's gonna happen to those coins? It's Very confusing in my opinion at the moment I have a couple of friends who are waiting for big coins from Mount Gox How fast are they gonna get released today's the 15th the Story was that you know, maybe today they're starting or is it just that today you cannot Change the allocation anymore. So this is gonna be an absolutely essential part Plus and this brings us now back again to General markets as a whole but it's all ties in together right now Quantitative tightening the Fed is gonna is stopping and today They're like they're kind of spicing this up to buy back bonds. So they just gonna let them roll out and We see this We purpose repurchase rates have gone up slightly That's something that always shows that the market feels some tension there. And so all of this is I mean, we see the effects right now. We see how every everyone is super nervous We see how everyone is a bit waiting To me the the light at the end of the tunnel and I hope that light is not an uncommon train But there is a light at the end of the tunnel and that to me is that we do have the mid-term elections I think 8th of November and I would be super surprised if The current administration isn't gonna do anything in their power to kind of settle the markets have some kind of calmness in the markets again over the next six to seven weeks and that to me could actually be quite an Interesting trading idea. Now, I would only use that trading idea if you actually believe that the current administration has the power to do So that there's an interest for the Democrats to actually do that But that would be the key trading it idea here Everything else when you look at the fundamentals doesn't matter if well, yeah, if we're looking at stocks Even bonds we look at crypto All of that with the Fed with rising interest rates Housing we haven't even talked with real estate all of that looks Scary and it all ties into Yeah, that The dollar strengthening and we've seen some weakening over the past two weeks, but now it's picking up again that looks scary and so There is this trading hope though, so and that's also I mean I've been very vocal that I think that H2 the second half of this year is actually gonna be a Positive half so we're gonna see higher prices at the end of the year then we saw at the beginning of this half Still we're gonna see way lower prices than at the beginning of this year, but for me this means Bitcoin above 20,000 by year-end with that I also think Assyrium has very good chance to get to 2,000 and stay there by year-end And I know some of these numbers are not that crazy because for as soon as means yeah, okay great We're gonna see a 30% increase. That's nothing. That's what we do on a good day Sure, but a bit of different times right now and so a little bit of different expectation with all that You know, I'm gonna even transitions a little bit I'm looking if you guys have any questions in chat make sure you put them in there so I can ask But my final question for you Julian is similar on the similar topic, but it's good gonna change direction here a little bit Bitcoin in its creation in the fundamentals of what it was and of course crypto currencies falling behind it are similar Really was built to be a risk on Asset and what I mean by that is buying it during risk on periods This is right now We're in a risk off place and so Bitcoin is following the stock market so following the Nasdaq SP 500 How long do you think before Bitcoin is treated the way it was created to be treated is to be bought during risk All on periods and not just on the risk off periods Yeah, fantastic question. I think it also has a bit to do with the change of utility. I mean you look at the first couple of years Bitcoin was truly used as a currency on the Internet for nefarious reasons mainly but it was mainly used there and then there was the second kind of cycle between 2013 and then 2017 when Bitcoin really became kind of mainstream That's when it kind of had to find its new kind of place and it's struggling with that actual currency character at the moment So before Bitcoin doesn't become an actual currency But it stays this risk on asset that has this additional feature of being a fantastic insurance If the entire centralized world kind of falls down Until then I just don't see that it will go back to that currency character I noted so many Bitcoin fans say that Bitcoin is a currency. There's not a single thing in this world That's actually priced. I'm not talking that you cannot pay with Bitcoin. It's not priced in Bitcoin There's very few things that are actually exchanged for Bitcoin Store value, I mean sure long term. Yes, but if you talk in months you talk even in years It hasn't been that good. So That's really gonna take some time again This doesn't take anything away from me at least for the actually utility that Bitcoin has But for it to really become risk-off like for example, the gold is or the dollar is That really needs a lot of trust that needs a lot of trust that Whatever I want to buy with my Satoshi's is gonna be the same tomorrow and today that doesn't happen at all Today, I don't know how many Satoshi's I need to pay for the coffee tomorrow Because coffee is priced in dollars. So I don't know that and so I Would be surprised if in the next 10 years I see this so I would say Maybe after the 2030s, maybe I cannot foresee what's gonna happen in 10 years But in the 20 in the 2020s I do not foresee that we will treat Bitcoin as a risk-off asset We will treat as a risk-on asset. It works fantastic at this Plus it has an additional side feature as a credit default swap against the centralized world And that is to me also the no-brainer why everyone in my opinion should have a few percent of their net worth in Bitcoin and then if you want to invest additionally on top of that in crypto Then you need to get like and actually look into the coins that have strong utility that have Good price action that have good momentum. And I mean, that's why we're talking about a theorem right now, right? Yeah, so pretty much you're wrapping that into a cleaner bow at least two if not three more bull markets Before we actually see that shift start to happen You know, I'm waiting to see if we have any questions in chat, but if we do not Julian if you could wrap all of this into one bow or even elaborate a little deeper and you could leave someone with one Final thought as to how to view the future of cryptocurrency and the market as a whole. What would that thought be? Bitcoin is the digital gold. It has always been it is to me a must asset allocation of a few percent of your net worth because you want to have that insurance I Would however as we stand here right now Not put Investment purchase power into Bitcoin. I would put that into other coins I would probably look for coins that fit that narrative at the moment proof of stake It is so strong That is the the allocation right now for me in crypto. I think right now is a really good time to be diversified I think that's absolutely essential it's just so uncertain and Yeah, that's I think that's an absolute key thing. And yeah, so that's probably how I would kind of circle that entire round Gotcha. Well, we got one question I see here in chat and it is from I don't know if I'm gonna say this correctly But retooled duta. I believe What happens to miners now that Ethereum moves? Where do you expect that they will be moving to? I know there's a couple projects. I've heard of like ergo even ETH classic But from your perspective, where do ETH miners go after the merge? Yeah, I mean, I don't see that the proof of work fork is gonna have any merit I just don't see that I I think that's not what a miners are gonna go And it's not what it uses are gonna go So to me that is there will be super surprising they at the moment I mean, we can actually track that at the moment they all go into classic and they go into Raven coin That's where they go and flop into right now Let's see what they're gonna do afterwards So, I mean, they will definitely do something. They will not just be Eileen around but I I would be extremely surprised if a proof of work fork of the current Fork would actually work. So I wouldn't put my hopes in that Well, Julian, thank you so much man for joining me today all of you guys Watching show make sure before you leave smash the like button here If you loved this interview if you love this content smash the like button subscribe to coin telegraph for videos Just like this then also if you love Julian, make sure to go follow him on his YouTube channel Follow him on Twitter myself as well go follow me on Twitter and my YouTube channel And we're gonna continue to work together to spread the good news of crypto to see it actually better this planet I love each and every single last one of you and I will see you next week same time same place peace