 Hello, everyone. Usually, I don't do two streams in one day, but there was a pretty great interview with Dan Moorhead. He is the CEO or CFO of Pantera Capital. The things we talked about in this interview were enough for me to do a second stream. Now, if you don't know Dan Moorhead, he's been around for quite some time. He's had some pretty good predictions going all the way back to 2017. On December 19, 2017, he said that, hey, you know what? This CBOE, this futures ETF that just got launched, it's probably going to drop Bitcoin. It's going to be pretty awful. Of course, if we look forward, December 15 was the all-time high in the last previous couple of cycles at 19,665. Two days later, the CBOE Bitcoin future started and everything pretty much crumbled from there. Of course, every time I talk about Bitcoin futures real quick, they haven't been really that great as far as the timing. You can see that usually the Bitcoin futures, they've launched usually at the top or at some leveraged positions or short. That's in America and then, of course, in Canada. As far as spot ETFs, again, they've been doing some wonky things. Just to stick here with Dan and what he talks about, he said a ton of things in five minutes. He talked about the next 12 months, what's going to happen with the bonds, the rates and crypto. He talked about why equities are probably going to or could potentially drop negative 23 to 43%. He talked about the potential of moving into Bitcoin and how much allocation institutions actually have and why he's so bullish on it. I'm going to be jumping around a little bit so you can actually see this or actually hear this to the best of the abilities. I'm going to real quick, I think it's this one here. Let's see. Now, let me share that again. Oh, that's what I should have done beforehand. Wrong one. Present. That wasn't it. Let me see something. 10 to 5%. That's it right there. Okay. This little snippet is about a minute and a half. Just take a listen. All working-age people have never traded in a rising rate environment. I came to Wall Street in the 80s and it was always six years into a 40-year bull market. Everything gets bailed out by the Fed lowering rates for the last 40 years. We're in a different regime. The rates, two years ago, I predicted when Fed funds were zero and the 10-year was 1.3. They both go to five at least. We're here. I think they're going higher. The normal real rate for the Fed is 1% over inflation. We're not even there yet. Wage inflation is double the Fed's target. We have record labor strikes going on right now. The Fed has to keep doing more. The 10-year note is right now where it flapped the Fed funds. It's typically a premium. It's typically a 2% above. Right. There's a lot to break down there. Dan's a pretty smart guy from what he's talking about. When people say things like this and they throw out a bunch of facts and figures, it sounds great. It sounds fantastic. What you really want to know is, is that all true? Is that the reality or is that just some wacky figures coming out? This is why I like using Ben's website and stealing all his stuff. He's kidding. Let's me use it. But when he talked about the inflation year over year and the 1% over inflation, we can take a look that, I know people have been giving Jerome Powell and the Fed a lot of guff, but in all honesty, inflation year over year, look at this, 8.93% was the peak and that's what it's been reported. I don't know what it really is. That's on the 1st of June, 2022. I also found it interesting that how kind of blind we all were to inflation back in 2020. I mean, we knew that we were printing money like crazy and it was just like, I mean, looking back, you know, looking back hindsight is 2020, right? But if we look back into the money printing, the quantitative easing after the Surveysa virus and then we came up here, I mean, in July, August, September, October 2021, the inflation was 6.24 after it had rocketed up from 0.226%. And when everybody was selling off in November and December, I mean, we should have like been like, is this sustainable? And of course, when you're in a bull market, you're like, of course it is at the good times roll. And then we peaked out at 8.9 and now here we are stuck in this situation. So again, this is the inflation rate 3.7. And of course, to take a look at the effective federal funds rate right now, we're stuck at around 5.3 between 5.25 and 5.5. So yeah, I mean, we're not there yet, like Dan talked about, as far as like that 1%. And then also he talked about the wage increase. Now, if we take a look, I don't know how fast your wages are going up, but this is what is reported as far as like year over year, wages are up 5.3%, somewhere between 4.6 and 5.3%, inflation again, 3.7. And when he talks about that inflation, this is not where the Fed wants things to go. They believe that you're getting paid too much. I'm just telling you what there's, that's what they say. If you're getting paid too much, wages are too high and they're not keeping up with inflation, inflation should be a little bit crossed over or at least at equilibrium. And of course, it is not. And then of course, when we talked about the treasury and the T bills and treasury yield curve, this is what it's supposed to look like. It's supposed to look like if you're going to put in money at a very short time for one month, you shouldn't get that much back, 0.85, 1%. This is what it's usually been. And of course, over time, this is what it's been since 2008 after the Great Recession. And it's been pretty normal except for right now or it's been inverted. And when it's inverting, it talks about the 10, the two year, it should be on par or the 10 year should be above the two. But actually, it's not the 10 year is 4.73, it's actually gone up. And of course, the two year is 5.05. So this should at some point, hopefully even out, but when things un-invert, that's when we see recession. So there is that piece. And yeah, he was spot on so far. So the next part he's going to talk about is this is the scary part. It's scary at first, but when he talks about as he gets into equities and other investments and talks about crypto, it makes a lot of sense. He's going to talk about how rates won't drop for years, how stocks are massively overvalued. That's the whole point of the theme of that thumbnail and maybe between negative 23 to negative 46% is where he's saying equities, if we're all evaluating at the same point, that's where it should be and how Bitcoin is going to beat all that. So again, stop the screen real quick and make sure that I am here at the right place. Oh, I think that's it. Hey, I got it right the first time. All right, so just take a listen here. So if you're right, we're talking about increased rates, nobody lowering rates in the next 12 months. Yeah, and maybe for several years, right? Like, I think that's what people are having a hard time thinking about is rates could stay up for five or four years. Well, if that's true, then equities are wildly overvalued. That's true. That's true. It is. You would think Bitcoin would. But then I would think that crypto would be wildly overvalued too. Yeah. So equities probably are overvalued because the PE is the same level it was when rates were crashing, but now rates are much higher. And if you took the normal equity risk premium for equities onto a 5% tenure note, they should be 23% lower than today. Wait, equities should be 23% lower today? And if you took it compared to its 50-year average of equity risk premium, it would be 43% lower. And I'm not saying 43 is going to happen, but we got to keep in mind, there have been two 13-year periods that equities didn't go up in the 2000s and in the 70s and 80s. We can see that. You think 23%? Like I said, it hasn't gone up for like a decade or something like that. We can see that again. And I'm like, again, I'm like, is that true? Because it seems like we're used to everything going up, right? Everything going up continuously. So let's take a look at the history of the S&P 500. So if we take a look, again over, I mean, look going back all the way into the 1930s, we can see that and he talked about it, 70s and 80s in the early 2000s. We're taking a look here, 1973. This was the history of the S&P 500, 836, and it dropped out. It, the floor fell out and it just kept going down and down and down. And it wasn't like some weak little bear market. It was like the bear market that's going down from 1973 to 1982. I mean, there's, there's points when, of course, you could make money if you would have bought down here and then came up, but it just would have started crashing again. And then, of course, you come over here and you're like, oh, okay, 1987. Well, now we're going to keep going. And then drops, drops again, you're like, ah, that's okay, it keeps going. So in the 90s, everything was good. And then of course, when he talks about the early 2000s, the dot com crash, yeah, we're at 2590.64. And look what happens. Same thing drops big time, recovers a little bit, and then drops even, even more. So of course, the great recession. And then of course, we, we pulled our way out of it. So again, he's right again, on these timeframes of when the S&P took, you know, over a decade to really recover because of funds rate, especially if you talk about, you know, 1970 and Volcker and what he actually did. So two for two. Now that sounds pretty awful, right? This is the interest part. This is the part that got me out of bed and made me do a second string. Crypto is not correlated to interest rates or the market. Is it an inflation hedge, debatable, and a 20 year bull market? So just listen to this, this will give you a little bit more insight, a little bit of hope. So let me share that tab. That's not it. That's it. Take a listen. You think 23% is going to happen, if not 43%. I think, I think equities are going to go down for the next few years. And that's why crypto is relevant because it's not tied to interest rates. And that's pretty rare, right? It is tied to risk. You need the Fed opening the spigots for, for, for Bitcoin to go up. Well, the Fed opening spigots in 2020 was unambiguously wonderful for anything that had a fixed quality. It hasn't been an inflation hedge. Yeah. So the, the, the thought is it was highly correlated last year. And the, so Bitcoin is a proxy for risk on NASDAQ. Yeah. So it was very risk on asset until the middle of last year. But I think that was correlated with or connected to a lot of super highly levered things like BlockFi, Celsius, you know, FTX. And those are once in a generation weird occurrence there in the past. And this year, the correlation of Bitcoin to the S&P 500 is only 0.2. Historically it's 0.1. So what is it correlated to? So it's, it's like some people call it digital goal because it's kind of its own thing. It's not interest rate related. Obviously bonds are interest rate related mathematically, equities, real estate. I think people are waiting for a cut in there. Every time they think there might be a cut in the Fed starts easing again. That's when Bitcoin goes because it's fiat becomes less, less valuable. I agree. It's definitely cyclically connected to things like that. But my overall view is we're in a 20 year secular bull market and blockchain, right? It's a very transformative technology. It's going to change so many different things. And so yeah, you know, it does squiggle a little bit with what the Fed does. I like that. That sounds pretty good. So again, when we talked about correlation, I heard him say it. And he said, it's not correlated to stocks and S&P 500. I was like, really? Because that's what it has been. So how do we know? Well, let's take a peek. So there's a Pearson correlation coefficient matrix. And we take a look at the correlation between Bitcoin, just Bitcoin, and the S&P 500. Now to make this very simple, if you're at a zero level, it's null and void. It doesn't really matter. It's not correlated. Zero. If you're all the way to plus one, you are heavily correlated. If you go up, I go up. Zero. I could stay. I could not do anything and you could go up or go down. It doesn't matter. If I go negative to the negative part of this, I do the exact opposite. If you go up, I go down. If you go down, I go up. So with Bitcoin, and we're taking a look at 30, let me blow this up so you can see it. We're looking at Bitcoin over 30 days. Just 30 days. Let's just start there. Bitcoin and S&P 500, negative 0.62. What does that mean? It means that it's doing the opposite of what stocks are usually doing. Let's take a look over at, because he was talking about the beginning of the year. Let's go to 60 days. See how we're at. Bitcoin, S&P 500, 0.06. So essentially, it's flat. It's not going up, not going down. It's still uncorrelated. Now let's take a look at, God damn stupid thing. Let's go 90 days. S&P 500, 0.44. So a little more correlated. There it is. Let's say 180 days. Bitcoin, S&P, 0.11. Not correlated. And then we'll go over, let's just go a full year just for the giggles. And Bitcoin was heavily correlated a year ago. So as time has gone on and hasn't been, you want to take a look at a different way, we can take a look over here. And we're going to see that over time. It's been kind of looping. This little green line right here is essentially the zero point where it's not correlated. It's not negatively, it's not positively. And there's been times when he talked about the 0.2 level, I don't know exactly what he's talking about, but in July 2023, it was there. And it was there again in August and so on and so forth. So yeah, it seems like things are becoming a little bit more uncorrelated. And then one more thing. When they talked about the store of value question, they're like, well, it's not a store of value. And I got to tell you, the gentleman that had said that, one of the announcers, he's right. As far as like a store of value for Bitcoin, the traditional way of thinking as a store of value is, I get this, it retains its value, I can use it, I can set it aside. And it's kind of like, it doesn't perfectly match the dollar, you can go up, go down like, you know, precious metals, but not to a greater degree. And I thought about that. I thought about that a lot as a matter of fact. And I sent out a tweet today. And I said, you know, I took a look at the yearly lows for every single year for Bitcoin. And from 2011, 2012, actually, 2011, 2023, it usually goes in a nice little line going up. But when we tell people, and we have this debate with our friends and family, and you're going to have this debate November in Thanksgiving, or you're going to, you know, states, or in Christmas, when you go see all your family, they were like, Hey, there's our genius investor, how's it going? And they're going to talk to you about FTX and everything else. And you might say it's a store of value. I don't want you to, I was thinking about, I go, it's not a store of value in the short term, right? It's not a store of value like a stablecoin, even though, of course, we have inflation, things like that. If you could say that, you know, it's a store of value, but it's a four year store of value, just like we're talking about always talking about the four year cycles, they say, well, you know, it's very volatile now, because it's very new. I mean, it's only been around 13, 14 years. So we talk about as like, we four year cycle, it's a four year store of value. And if you can take a look here, looking at over four years, you can see how massively it's gone up. And an easier way to even think about that or even explain that to friends and family is this, look, we know that you went to the store to pick up the turkey or whatever it was that we got for Thanksgiving or Christmas, right? How much did 20 bucks buy you today? Okay, how much did 20 bucks buy you 10 years ago? Oh, let me tell you, because there's this. Well, you know what, bitcoins were 20 years ago. I mean, excuse me, about 10 years ago, it was about 20 bucks. Yeah, somewhere around there, right? 2013. Well, maybe a little bit more, we'll say that. Let's say 11 years. Guess what? The same one Bitcoin to your $20, 10, 11, 12 years ago. That one Bitcoin today could buy me, oh, you know, like $28,000 worth of stuff or whatever the price is at that point. So if we take a look at like a store of value, it's not a short term store of value, but it's a long term store of value. We can see it right here. It makes a lot of sense. So that's just my little contribution. And then to next to last, this one was pretty good too is they asked them, well, you know, Dan, you're talking a lot about Bitcoin. So is it Bitcoin only? Because, you know, a lot of the Bitcoin maximalists that come on here, we shouldn't even expose people to any other digital assets because Bitcoin is the only thing. Is that what you feel it actually is? And his answer kind of surprised me. So just take a listen. Let me share my tab. Got it right. Take a listen. Well, so Bitcoin is the first brand of blockchain. There's Ethereum and other brands of blockchain. Bitcoin has worked for 14 years, 24-7, no downtime. It's amazing. Like Facebook goes down. Everybody else, you know, we just heard about Clorox getting hacked. Like Bitcoin's always worked. So it's great. It has about 50% of the entire market cap. But the other cryptos are very important. You know, there's a project called Arbitrum that's helping scale other cryptos. Ethereum's worked really well. They didn't emerge last year. Nothing happened. They changed software for 200 million people overnight and it all worked. That was the news story and no one wanted to talk about it. I like that. That was a news story. No one wanted to cover it. He's actually absolutely right. Even like me, like when I talk about Ethereum, I never really put that into context. They changed software for 200 million people and there was a couple of little problems here and there. But again, it's like changing the engine while you're going down the highway. It was an amazing job and they did it pretty well. So when he talked about that, he goes, yeah, there's Bitcoin, there's Ethereum and he said Arbitrum. I know you've heard that here on this channel as well. And when I'm talking about, you know, Layer 2 solutions and everything in different parts of the Ethereum ecosystem and different cryptos, I want to quantify and see what is actually being used. And some of these adoption metrics that take a look at it is in DeFi Llama as far as total value locked. And I'm not going to bore you because we've gone through this a ton. Ethereum is by far away the winner right now and it's down. Ethereum is as far as locked as $27.5 billion. Tron, everybody makes fun of it in America but apparently everybody uses it as far as the stablecoin. It's great. Almost $7 billion. Binance Smart Chain, people say it's centralized. Doesn't seem to be a problem for people when they're picking it up and training it. So whatever. And now comes Arbitrum. $2.5 billion. Then Ton with their 50 walls that control 85% of all circulating tokens. Then you get Avalanche, Polygon, whatever Ultron is, Optimism and Solana and then all the rest of them. So hats off to Dan Morad. I like that because I am super biased on this channel and I only talk about the things that I actually buy and invest into. So hey, Arbitrum, we'll take that. All right, enough of that stuff. So lastly, and this is second best part is, okay, well if we're going to allocate these things, we have money and he just said for the next 10, 12, 13 years or multiple years, we may not go up in equities. So where should we allocate the funds? Bonds, equities, crypto. When is mass adoption? And because he is part of the institution, what kind of institution exposure is actually out there? Which would be the big question. So again, just take a listen. This is about a minute long. Let me share my tab. Bitcoin, USD, that's the one. Take a listen. Could come down 23% or maybe should, just based on historic valuations. Where do you think Bitcoin should be valued? It's a great question. We talk to asset allocators all the time. If you're thinking, put money to work in bonds, I think that's pretty dangerous. Put money to work in real estate, real estate is probably coming off all-time highs. Equities I think are overvalued. That does leave a couple of asset classes, like real commodities and blockchain. Blockchain is a trillion-dollar asset class. So most institutions have essentially zero exposure right now. They should dial it up to a couple percent. Which gets Bitcoin itself to what level? I mean, if it's 27.7 now. Well, Bitcoin is a 14-year trend growth of 145% a year. That's kind of my general forecast. I'll just research that and every year it'll more than double. Every year it'll more than double. It's been doing it for 14 years on average, obviously, so there's nothing else. If it's digital gold, when does it become like gold and hit A? It never go up again. Oh, yeah. It's funny. It's like 20 years. When everybody has it right now, most institutions really have essentially zero exposure, very, very small. Treasury yields coming down. There you go. I mean, look, he said it right there. He's probably an institution class. He's like, we don't really have that much exposure to it. And that's just essentially how it is. And then when he talked about that 145% year-over-year, you have to understand what he's talking about as far as the metrics. And this was from Charlie Belay. I think this is the third time I've mentioned this chart. But we can just see that, again, if he's right, which again, he was pretty spot on with that last CBOE Bitcoin futures in 2017. But if he's right, and we see NASDAQ and S&P 500 and all the large caps and different equities just bomb out negative 23% to 43%, and Bitcoin becomes uncorrelated, there's going to be a lot of people looking at it because they're going to look at charts just like this. Across the top, what he was talking about is the cumulative percentage growth since 2011 to 2023 was 8,908,509%. And if you analyze that, that's 144%. That beats NASDAQ, large caps, convertible bonds, high yield bonds, mid caps. Jesus, you guys can read. Gold, tips, real estate investment trust and everything else in between. Yes, there's some volatility, but there's a massive upside. And I think when he talks about when this is actually going to happen, he talks about, well, 20 years when everybody owns it, that's the thing. I think we forget about that. People like me who got here in 2017, or people before then or after then, we think we're late to the game. We are so early. We're so early right now that it's just astounding because no one really even gets it. It's such a new paradigm shift that I think there's so much upside potential, I think it's going to be good for everybody. Now, that doesn't mean that we're going to have a lot of bumps along the way. It doesn't mean that we're not going to go through a recession. Who knows what's going to happen there. I'm just saying, I think that we're early and if you stick around, you're going to be rewarded. And of course, you only lose if you sell. And on the flip side, the only game or I only make anything when you actually sell moving forward. And that's what the bull market is for. And then before we do a little Q&A, I just want to make mention that when he talks about institutions not getting in, it's kind of hard for people to really get it. I just did a interview this morning, actually, with Gary Cardone. And Gary was, he's traditional finance business guy, real estate. And he was the VP of Natural Gas Clearinghouse. I'm going to be the president CEO of Dynagy Europe, Fortune 30 company. And now he's getting into the crypto space. He was investing early in 2016. But one of the things that he talked about, and I'll release this tomorrow, it's a very, it's a long interview, it's like 25 minutes, but it just shows you the mindset of the traditional business entrepreneur type of person to wrap their head around Bitcoin, why they didn't get into it first. And when it clicks, just like a click for all of us, it's like, okay, the light bulb goes off. And you're going to see more and more of people like Gary coming in. And of course, the institutions, if we ever get that spot, Bitcoin, ATF is pure. And that's it. So look, I know that went a little bit long, but I thought it was pretty great information. And it makes, like I said, it makes me do a second stream. I never do that. But that's it for today. So like this video, give it a thumbs up, hit the subscribe button, talk about his time sensitive. Now we'll do a little bit of Q&A because my voice is going, I've been talking all day and we'll go from there. We got to take off, take off, but let's jump into it. Gary Cardone is great. And of course, just like, just like, just like everybody in crypto, Gary Cardone the scammer, of course, everybody's a scammer. The Titanic is a pretty nice ship. If we get past the iceberg, we'll be fine. Well said, Mullet. Well said. Couldn't have said it better myself. All right. Redman, hey man, Bitcoin will be one of the many cryptos that will moon. I have to agree. I don't know how much is going to moon. But I mean, it's the safest asset in the most unstable equity class or market, which would be us. Now, if you want to go down that rabbit hole like I've done and put a little bit of alt coins, sure. Just know that the lower you go on the market cap, the more risk that you have to take. Ben Hart says $10 trillion asset class soon, my guy. You know, it could seem kind of far fetched, but I mean, I was talking to Simon Dixon, he was investing into Bitcoin like when it was like two bucks or something crazy like that. And he said it was, they thought it was crazy when Bitcoin hit 100 bucks. And then they couldn't believe when it hit 1000. So I guess it's just hard to kind of wrap your head around, even for me. Let's see. Cedric says, isn't Arbitrum just a governance token though? No, it's a layer two solution. And we're thinking about using that for our project. And we've talked to the Arbitrum team as a matter of fact. And again, yes, I own it. So I am biased. Well, it's got a good point. He's saying Dan Morehead is just like Dan only plugs his holdings. Probably so actually. Let's go team Hopium. I have to agree there. Oh, what else did I miss here? Yeah, Bitcoin is the king, the other that will definitely melt faces. And, you know, that's where I got to tell you, everybody knows this, this is where I made all my, my last gains, the last bull run was, it wasn't Bitcoin. It was Theta, Cardano, and Ethereum, and even a little EOS there here and there. So yeah. JDubb says, don't sleep on Hbar. Yeah, probably do quite well. And you know what, I'm, I'm into the reserve that most, if not, well, I can't say all, but I'm saying most of the cryptos that are around are going to do very well in the next bull run. I don't care what it is. And there was a spreadsheet that I put out about a week or so ago, and the link's actually in the description at the very bottom. And it takes a look at all-time highs. And what I showed, this is in 2017 and 2021. All that was this, it was in 2017, like Bitcoin went to 19,6, 19,000, almost 20,000. And then it went to 67,000 in 2021. Let me just go this way. So if you're looking at this, you're like, what is that, three and a half X? Who cares, right? 3.4, 3.3. But it's this that's important. It's the lows. It's when no one wants to buy. It's when you scoop them up super cheap. And of course, yeah, it's a bummer if you keep looking at your portfolio all day. But I got to tell you one of the things that me and Gary talked about, he goes, he goes, why haven't people looked at their portfolio? He goes, are they gonna, are they down? I said, well, on paper, but if they, he goes, are they selling? And I was like, well, no, they're not selling. He goes, well, have them stop looking at their portfolio. He goes, I've, he goes, the different business that he invested into, he goes, it takes years upon years to be profitable. He goes, I want to look at my portfolio every day. That's insanity. And I was like, yeah, that's a good point actually. So, but again, it doesn't matter. Like I just showed you that most of these, even though they didn't hit the all time high, I think it was 11 out of 53. So 20% hit their all time high from the tops of 2017 and the top 53. When they hit the lows, you still could have made money. Like, look at, like, does anybody know a crypto called Lisk? I don't. But it topped out at 33 bucks. The low was 51 cents and I want to 843. I'll take that. It's not bad. Bitcoin still did, I mean, I'm not going to go to that one. It's kind of goofy. Status went from a fraction of a penny to 27 cents. So, I mean, you know where I'm going here is that even though people will say, ah, you know, like this one or that one, I'm just like saying, yeah, everything's probably going to do pretty well. It just depends on how well it's going to do. And there are some that just will not make it. And that would be like the bit connects of the world right here. And also was the other, the other one, Veritasium. But that's if they go through fraud. So if you're going to be trying to invest in an FTT token, good luck for you. Anyhow, that's it. Let's see. SignalCab says he was on David Lin's. Yeah, he's, Gary's really making the rounds. David Lin, great channel, good insights. Got a lot of smart people on there. Great violin player. If you search David Lin violin, good stuff that comes out. Multi-talented guy. Let's see. Rob, remind for the NF show, can you explain how we find tokens that Ben talked about something about higher lows compared to its Bitcoin pairs? Well, first of all, the best place to do that is on trading view. I don't, I have an account. I think it's defunct, I'm not for sure. But there's a way to do it into Ben's into the cryptoverse. So I'll just do a video. Actually, I'll have Ben do it next to NFA show. Hey, Rob, do you like Tron? I didn't used to because of Justin Sun and, you know, his, some of his ridiculousness. But in all honesty, take a look at, I'll show you. It's a website called coinmarketcap.com forward slash historical. And you can take a look at just how long Tron's been around. Like, let's just see here. Let's strike 11 to February. Tron's number 15. Back in 2018. And I'm pretty sure I can go back to 2017. It's there. I don't know. It's not there. Let's try November 26. Oh, okay. So I guess 2017 was the first year. So it started like 59. And then, yeah, see 2018, November 18. Number 11. So I just want you to think about your coin, whatever that is, and how long has it been in the top 25? Number 11, 10th of November, 2019. I did the same thing with Dogecoin. I showed you that it's been around for since 2014. And it's been the top 33 the entire time. So I know people make fun of it. But in all honesty, it's stood the test of time. It's done pretty well. Tron number 16, as far as 2020. Well, what the heck is it today? Yeah, number 11. So like, people made fun of it. But it must be being used. Well, must be being bought up and traded and speculated on. But as I understand it, when I went to that trip for South Korea, everybody uses their stablecoin that's built on Tron in the Asian markets. Since I'm not an Asian markets, I didn't know about that. So now I do. So Tron could be a pretty good play next year, or whenever the next Bitcoin ball runs. That's all I got. Hello from Florida. This one's tough. What methods do you use to get an early as a project comes out? I'll be honest with you. The different early projects that I talk about, there's a separate channel. It's called Dan Degen. And I've talked about different things over there. I've talked about fame MMA, which did it good initially, and then just dumped out against Okishi, which did pretty well. And then of course, sweat coin, which I think is going to do very well. When I get into these things, it's just the people that I've met along the way in the crypto space. And then also people that I've met through associates of associates in Puerto Rico. If you go to Puerto Rico, it's nothing but a bunch of crypto old timers and OGs and people who seem to know everybody. So that's pretty much the places I get it. And I will tell you this, out of the 100 different pitches, I'll probably take on one. Some of the best investments that you do and investments that you don't do. And that's it. Future millionaire says, Rob, did you see the tangent card to Pinot? Yes. As a matter of fact, I had the guys on yesterday. Yes. Yeah, I think it was yesterday. And they came on and talked about it. So tangent, this right here, cold storage device and a card, which I think is going to probably leave the next bull run because people don't like screwing around with this thing. Have you ever tried to show people how to use this? If they're not like super in the crypto, they hate it. But this one is kind of like if you have a debit card and you have a bank app, you can use this because it's not the same thing, but it's the same type of mechanics or the same type of feel to it. But your private keys here, there's a link in the description, you get 10% off. You don't have to use it. It's an affiliate link, but you're going to not get 10% off. And then with tangent wall, what's great is that they give you two or three cards. I got the two cards, for some reason, stupid, get the three one. And your private keys are contained within the card. I know it's you got a lot of questions, just watch the deep type. But the next 2.0 card they came out with, they said, hey, we've got a lot of crypto G's who have to have the mnemonic phrase. If you want it, it's available for you. And we're going to make that happen. You're also going to be able to import other wallets like a ledger into your tangent wallet. So with that, that's a good thing. So that's it for today, everybody. I think I've got Judy, a visitor. So I got to get out of here. So thanks so much, everybody. I appreciate it. Like and subscribe, and I'll see you guys on the next one, on the heels.