 Well, everybody, we had a good run, but unfortunately, all good things must come to an end. And right now, we're in the precipice of Bitcoin having a down month for the first time in six months. I know this seems a little bit alarming to people, but if you're new to the game of investing, just realize that this is a natural progression. Nothing can go up to the right forever. These pullbacks are a little bit healthy, but I think there's a little bit more pain on the horizon, especially for August and September. So we take a look at Bitcoin is headed for the first money loss in six months. Today is May 30th. And we can see this is from Coin Desk. Prices were still down about 5% for the month. The first monthly decline of the year, assuming this loss is held through Wednesday's close. Now today is Tuesday. We may have a rally and we could go up just a little bit, but in all honesty, things have been kind of flat and a little bit of a decresion for a little bit of time. But it does stay against Ether. Bitcoin looks set for a monthly decline of nearly 7%. And we can take a look and just take a look at May 1st to May 30th. We can see that, yes, this is the first time in quite some time we had a little decline, but it's not so bad. I mean, look, if you've been here since 2021, remember those days when 67, 68, almost 68,000, those are pretty good times. And then of course we went all the way down to around 15,700 and not too much time. So for a one month pullback, not too bad. The thing that I'm worried about, though, is there was a, I'm worried about, but there was a video that I did recently. It was called, Sell Bitcoin and May and Go Away. And the conclusion was, was that we're going to have some rough months. But it wasn't time for me personally to sell everything and to sit it out until, say, October, November, somewhere around there. Although, maybe that would have been an option for you. I can't tell you what to do. And I will just say that if we take a look at historically the Bitcoin monthly return stable, there are two really bad months, statistically over time. And the worst month of all of them is September. You can see just going from 2022, all the way to 2010, that it averages out about a negative 7% or so, plus or minus 12. And the only times that it's been green is, well, two times, 2012 was a Bitcoin halving and 2016, which is a Bitcoin halving. So maybe next year in 2024, after we have the Bitcoin halving around April or May, it'll be a green month. I don't see that to happen, but who knows? And there was one, of course, in 2015, a meager 2.59. The second worst month is August. Again, negative 0.6, plus or minus 24%, ouchy. That is something to be considered of. So even though we're going into June, June and July could be a toss-up. Who knows where it's going? But in all honesty, expect some negativity for August and September coming up. But it's not all bad. There are good news and good narratives on the horizon. One of those, I think this is very huge. I haven't heard too many people talk about this. But because of the debt ceiling, which we'd love to spend here in America, we'd love to turn that money printer on. And we'd love just to go in debt here in the good old US of A. Well, there was a handshake deal brought about over the weekend. And it looks like we're going to be able to raise that ceiling debt. And one of the positives that has come out of this is this is a pure brockered. And he said, hey, I searched through the documentation as far as the deal for the debt ceiling, but there's no mention of Bitcoin mining. This is me in the administration, Joe Biden's administration. X size tax proposal is gone. And this is from representative Warren Davis. And yes, one of the victories is blocking proposed taxes. And those proposed taxes was 30% tax on Bitcoin miners. That would have been, in my personal opinion, a little bit of disastrous. So that is one of those victories that we will take. So we've got some pretty good people to thank for that who said, you either leave that out or we will not go forward with this deal. Warren Davidson being one of them. So let me know what you think about that in the comments section. Again, there's a little bit of volatility coming up, but there are good things on the horizon. Also, when I first read this article, it kind of hurt a little bit. Because I was thinking to myself, why doesn't Heather want to do Bitcoin mining here in Rockdale, Texas? That's a great place. Why do they want to go to Uruguay? Well, here's what's happening. Heather doubles down on Bitcoin mining operation Uruguay in the works. And again, at first I was thinking, man, because when you first read these headlines, you think to yourself, oh, it's got to be because of the narrative and the regulatory uncertainty and the taxes that were going on. But we just slashed that tax out. So it's okay, you can come to America. But that's not the point. I think Heather did a really smart thing here. Here's what we got. USDT issuer told BlockWorks that the endeavor will be the company's first time mining Bitcoin. Also remember that it's putting 15% of its reserves into Bitcoin. It's actually looking to hire energy experts to help support the South American based mining initiative. Some of the positions based in Montevideo, Uruguay that Heather listed include an IT tech, site manager, electrician, and mechanical tech. Heather selected Uruguay as its destination for a Bitcoin mining facility because the country's high percentage of renewable electricity generation. Chiefly, wind and hydropower. And when I read this, I'm like, hey, we got that. We got that here in Texas. Come on. However, Uruguay currently generates over 98% of all electricity from renewable sources. Let me say that again. 98% of all the electricity from renewable sources. So the big narrative of ESG, which I think is just a bunch of nonsense, but whatever, they're going to play that card. And he got Elizabeth Warren, Senator Warren, who says you can't use that because Bitcoin taking so much energy. Well, if you just say, Heather comes out and says, look, we're going to place it's 98% renewable energy. And we're doing that to stop the narrative so we can just move past it. I think it's a great thing to do to go to a country, help out the ecosystem. And then of course, stick in their face and go, look, here's the renewable energy that you're talking about, where ESG compliant stopped complaining about this issue. And to finish up, the Tether Chief Tech officer, Paolo Arduano, nailed it, pointed to Uruguay's renewable energy capabilities and said, Tether is committed to sustainability. Our unwavering commitments to renewable energy sources that every Bitcoin we mine leaves a minimal ecological footprint while up point the security integrity of the Bitcoin network. I got to tell you, that's a beautiful narrative. And let's hope it plays out for them. So let me just think about that in the comment section. And then to shift gears a little bit, just from Bitcoin, talk a little bit of alls today. And there was a question. I was on a pretty good Twitter spaces because Bitcoin yesterday. I'll leave the link in the description. And one of the questions that they had was, I said, Rob, what's the AI narrative that you're interested in? And how are you playing that in the crypto sector? And I was like, really? I mean, we talked about Nvidia. But my big thing was, I don't know if these crypto projects are really in AI, or are they just saying they are in AI to pump the price and then dump it on everybody, because that's what businesses do. I mean, I unfortunately have to tell you that there's not 100% reliable actors out there in all crypto projects. So I said, that was my biggest concern. And then this came out and I thought this is pretty interesting. Render. Blockchain-based Render Networks token tracks tech stocks as broader crypto market decouples. And I've heard a lot of chatter on Twitter about Render. And it's kind of interesting, actually. Crypto Render, right in sync with Tech Stocks this month, it gained 6.5%, da-da-da-da. And Render's been a good high beta NASDAQ play in the recent weeks, portfolio manager Lewis Halen said in Friday's market update. Artificial Intelligent Narrative as a catalyst for gains in both stocks and Render. And it goes over some other stuff. I'm not going to go over this. So really what it comes down to is this. Why is this such a big deal? So here's Render. Here's the token itself. I think you're looking at a rank of number 51. It's pretty good. 24 hours, okay. Seven days, not so great. 14 days, now we're talking. 30, okay, I can see that. 90, 180, okay. One year, what? Look at that. 71 from a low of 32 cents, June 2022 to all the way up to 261. This is very well-performer. Let me take a look at Max. Well, want, want, we can't do everything. This is back in the peak, $211 to $7.83. Just so that it goes back to that, looking pretty good. The question then is, and this is something I have, is this just a narrative that they're putting forth? They're like, oh, we're going to be big in AI without doing anything with AI. I don't think that's the case. So render, what is it? To me, it kind of feels like kind of what Theta is doing. I'll explain in a second. Render networks designed to connect users looking to perform rendered jobs with people who have idle GPUs to process the rendering. Owners would connect their GPUs to the render network in order to receive and complete rendering jobs using octane render. Look, I am not a developer. I'm not a 3D architect. All they know about as far as GPU rendering is if you want to make some type of 3D scene in a game or some type of computer program, you need to render it. And apparently it takes an enormous amount of computational power to do those things. Also, it's very expensive, especially in all the different sectors that are out there, gaming being one of them. So the question that I have was, okay, if you're going to allow them to do that, just like how Theta will use the unused portion of your computer, which you can then use that and you would be like a node operator and they can use that to store all the data and they can deal with video processing, not video processing, but to put out videos just like how YouTube is doing it. But instead of a centralized area, they do it a decentralized way, use your computer, the storage space to store that video's files or parts of those video files and they will pay you a little bit of Theta. It's the same thing here with render. Like, look, if you want to render something, we're going to use your unused GPU power or processing power of your computer. We're going to allow people to do that and we're going to pay you a little bit in render token. That's it pretty much in a nutshell. So the question I had was, well, how expensive is it to like render these 3D scenes in movies? This is Unity, here's the pricing. So plus Perlin Enterprise, 400 bucks a year, $800 a year, $4,000 a month for 20 seats. Okay, I don't know how much that's going to get you as far as to create a whole game or to create a whole scene or whatever else you need. So I reached out to somebody that actually does this for a living. This is Mike and he's one of the developers or he's the developer, top guy over there at Ladies and Duts. I do love that project. And this was their trailer that they put out. It was two minutes long. And he said, look, this trailer right here, it took us all night to render that. All night and it's only two minutes long. I was like, well, how much did it cost you? And he said it was between $300 and $400. He goes, but time is money. And if I can pay for something to increase the speed of the rendering, then I will do that time and time again. Again, time is money. And this, which is, I got to tell you, I do love this little video. Very quick, very fast. But if you're costing between $300 and $400 for just a couple of minutes, imagine the whole entire game, how much that's going to cost and the time you're going to have to actually use for those types of things. So the AI narrative is this. Here's a game. This is Matt Wolf. And if you want to know anything about AI, I recommend you follow him on Twitter and also on YouTube. I'll link in the description. This was a presentation a couple of days ago. This is from Jensen Wang of NVIDIA. He gave his first live keynote in four years. What he's going to show you, what this is going to show you is rendering a 3D scene. They're going to use AI. And however you talk to the game is this AI person will respond. And it'd be different for every single person because it's AI generated. Just watch this 30 seconds or so. Hey, Jen, how are you? Unfortunately, not so good. How come? I'm worried about the crime around here. It's gotten bad lately. My ramen shop got caught in the crossfire. Can I help? If you want to do something about this, I have heard rumors that the powerful crime lord, Kuman Ayoki, is causing all sorts of chaos in the city. He may be the root of this violence. I'll talk to him. Where can I find him? I have heard he hangs out in the underground fight clubs on the city's east side. We gave this Jen AI character a backstory. His story about his ramen shop and the story of this game. All you have to do is go up and talk to this character. And because this character has been infused with artificial intelligence and large language models, it can interact with you, understand your meaning in a really reasonable way. All of the facial animation completely done by the AI. We have made it possible for all kinds of characters to be generated. They have their own domain knowledge. You can customize it. So everybody's games different. Look how wonderfully beautiful they are and natural they are. This is the future of video games. Not only will AI contribute to the rendering and the synthesis of the environment, AI will also animate the character. AI will be a very big part of the future of video games. Yeah, so how cool was that? So if you don't think that rendering could be potentially big, or AI is not gonna be a narrative and just everything, I think you might have another thing coming. Anyhow, I think that's gonna be huge. And then just to finish up real quick, meme coins. Meme coins are taking over in different sectors and I'm not gonna dwell too much on that, but I will just say this, that there's a couple of meme coins on Cardano. One was called Snack or Snake. I always say it wrong, Sneak. And then Bank meme coins. And their volume surge over a million dollars to sort of May to 18 million on Tuesday. And most of it's being done apparently on MinSwap. And I gotta tell you, if you're gonna do like meme coin trading, we talked about Flipit yesterday or a couple of days ago and good luck trading all those things and moving things around with the Ethereum fees. I mean, if you're gonna make a massive amount, sure. But I gotta tell you, for trading, say I'm like Cardano, a lot cheaper than that. So on MinSwap, you're paying a two ADA fee. And right now, one ADA is worth around 37 cents. So you're looking at a little bit like 76 cents somewhere around there per transaction. That's a heck of a lot better than what Ethereum's got going right now, which at one point was like 12 bucks over the weekend and for Memorial Day. So I just thought it was interesting that meme coins, which I gotta tell you as a reminder, are just gambling. And if you don't think people are gonna dump on you, that is you are sorely mistaken. And it is all gambling, but that is just an interesting little piece. You're gonna gamble, at least make sure that your transactions are cheap. And that's it for today. So look, if you liked today's video, give it a thumbs up, consider subscribing. Look, I don't care who you subscribe to, just make sure that you like the person, you trust them and you can get some information. This is not a set it and forget it type of industry. I think in the next year, year and a half or so, things are gonna accelerate so fast, you need to stay up to date. So that's it. So thanks so much for stopping by. I do appreciate you and I'll see you on the next one.