<Untitled Chapter 1>

SPEAKER_00 0:00

Yo, yo, yo.

SPEAKER_01 0:02

Hey. How are you, buddy?

SPEAKER_00 0:04

I'm good, man. It's nice to meet you. Can you see me and everything?

SPEAKER_01 0:07

I see you perfectly, yeah.

SPEAKER_00 0:09

Welcome to the stream, dude. It's an absolute uh it's a pleasure to have you on, man.

SPEAKER_01 0:14

Yeah, thanks. Thanks for having me. Yeah. Um be interesting to it'd be interesting chat.

SPEAKER_00 0:20

Yeah, I got a lot. I got I got a lot for you, but I look, I I think a good amount of my stream viewers are familiar with you, maybe half. The other half isn't. And so I want to just set the tone on who you are, and I'm gonna read you, but also them a tweet of yours from like two two weeks ago. Okay. You you you were off Twitter, by the way. You were noticeably off Twitter for a while. I was wondering what happened, where you went. You come back, first tweet back is you call Paul Tudor-Jones a retard for being bearish, who has recently flipped bullish and bought stocks higher than what you tweeted. And then your second tweet reads as such, if you don't mind. It's been more than six months since I last posted here. In that time, I crossed oceans, countries, stayed deep in jungles, mountains, and entire continents. There were weeks where I barely looked at a screen, days where markets, earnings, politics, and the endless noise of timelines felt like they belonged to another world entirely. I spent time in places where nobody cared or knew about stock tickers, market caps, or what the Fed was going to do next week. Places where people wake up with the sun, where storms roll in without warning, where the jungle at night is louder than any city on earth. When you completely detach from the machine for long enough, you come back seeing things differently, simpler, more obvious. You stop overcomplicating, you stop looking for 10,000 variables and narratives. Sometimes the answer is just sitting there directly in front of you. So when I came back to the markets and started looking through everything again, one thing that immediately stood out to me above all else, I swapped everything, including my position in meta straight into micron. All in. Because from where I'm sitting, after months away from the noise, it feels almost absurdly obvious where this is going. Micron is the next NVIDIA. As for Bitcoin, nothing has changed. I never sell. Still holding every Bitcoin I bought from 1k all the way up to 120k. I think 120k for one Bitcoin is a sweet deal, and I am pleased with those buys. Absolute cinema. And the day you tweeted this, I marked the chart with the air mass line on Micron, which I might be off here, but assuming you bought right when you tweeted, which you probably didn't, the entry I have marked is 519.11, and Micron is now up 50% in like the 10 days since you came back to Twitter and you made that tweet. So I mean, dude, welcome back. It's good to have you back. Um, do you actually trade better after time off? Like, what went into this? What did you do for six months? How did you come back with a clear head? Like, talk to me.

SPEAKER_02 3:16

Well, you know, I I actually I managed to get in lower under under 500, uh, like between like four 450 and 470. Um, and I just was busy building a position. I tweeted like a couple of days later, maybe um it was moving pretty fast. Um, but yeah, it's not I I I I don't know about you know the this thing about you know being maybe I exaggerate a little bit a little bit about being, you know, with a clear head or all that, because I'm I'm kind of always with a clear head. And you know, I I think that um, you know, the the the secret to trading, right, is not to trade. Okay, that's the secret. And um, you know, I uh

active trading is too much work

SPEAKER_02 4:10

interesting enough, I because you know, I I actually checked out uh some of your episodes and I saw uh this guest that you have, I can't remember his his name right now, Chris something. Yesterday Chris Camillo. Oh, Chris, oh, that was yesterday, actually. It was yesterday, yeah, yeah, yeah. Oh, okay, yeah, yeah. So I I actually watched it, and I was like, wow, that episode left me so anxious because the guy is like he is like doing so much work. Uh, in other words, he's obviously no doubt very successful, right? And uh no doubt what he's doing works, and I'm not criticizing at all what he's doing, but I'm just saying, like, holy shit, like reading every like comments under every TikTok post, going to uh a store to to chat with with with the staff and the manager about some salad wrap, and like uh running like a whole network of people to to do to do channel checks and like I was like, holy shit, this is really so much work. I'm like, I'm like, I I could never do this, man. I could never, I mean, in other words, it's like you're glued to the screen, right? And you are uh like just like dude, I mean, it's it's a it's it's really like a serious full-time uh endeavor, right? And and uh so no doubt he's super successful, probably a lot more successful than me. I mean, whatever. But the the point is that um, you know, I'm here to say that you can, you know, with with a different approach, you can have you know the same or perhaps even greater success doing doing almost nothing at all, okay, without doing all that daily uh grind, which to me I would just like I can't, I wouldn't be able to handle what he's doing. I just I could never I know there's there's a lot of guys, right, that that are like glued to the screen, like especially in the in the community and then in crypto, and a lot of traders just glued to the screen all the time, watching charts all day long, five-minute candles, whatever. I mean, that that that is uh it doesn't have to be that way, right? It doesn't have to be that way. And and look at look, I I I post a lot of things, you know. I I I kind of disappeared last November because I I was going through all these things. I mean, I I I just kind of like took off and um it it it it's it's I'm not really gonna get into it because it's kind of like you know, um a lot of personal issues. But the point is that like I um uh you know, I wasn't there for a while, right? But but everything that I that I kind of like the the big moves, I you know, I post them publicly, right? So you can back, you know, look at anything, you know, live as it happens. Like I would I would post like I'm I took this position or I took that position. So if we look at um let's say the meta trade, right? So um, you know, I I went into that at at the 2022 bottom, right? Uh, where it was obvious, absolutely obvious, right, and and safe, right? Because risk management is is everything. And we're gonna we're gonna talk about that too, right? Risk management, because that's everything. Um and you know, so I I carried that position with like, you know, like I don't know, by four and a half X leverage or something like that. Well, it was the bottom, it was so cheap, right? And and um and it was just going up, you know, in a straight line. So there were, you know, I kind of I've kind of added a little on the way up, so you know, you know, it became maybe like um, you know, like a 5x levered position because it just kept going up in a kind of a straight line, right? So um with virtually like no pullbacks until like you know, like 200 or something, right? So if you look at that, right, so you know, I built a position at 90, right? And you know, it it went up to 800, like 800 or so, and you know, I didn't sell uh whatever. And then you know, I ended up getting out at around like like something like 680 or around there, um to because I saw micron, right? So if you look at that result, right? So let's just take, I don't know, let's just take 4x. Let's not you know, or five, five,

anyone can find $100k to trade

SPEAKER_02 9:00

but let's just with 4x, right? So from 90 to 680, that's about seven and a half X return, right? With the leverage, right? That takes it to about 30 to 35x, right? Man, so now, okay. Um if you were a trader with just I don't know, let's say 100K, okay, which most people can get access to. Anybody can get access to 100k. I don't care. I mean, take out a I don't know, some credit card business loan. Anyone can, even if you don't have, you can gain access, right? So 100k, let's just say you have 100k. So 30, 35x. So let's just say you you turn 100k into 3.5 million um in about three years, right? So um I believe that that beats you know Chris's returns, annual returns, um, doing nothing at all, right? Without that grind, without that, you know, he loves it. I mean, again, I'm not criticizing because everyone has their own um look, it's all about getting the ball in the hoop, right? It's all about scoring the goal, right? So it doesn't really matter how you do it, and uh, and so uh it is just I'm sharing another perspective. I'm not here to criticize anyone because he's obviously very successful and and he loves doing it. Uh, and so there might be other people who love doing it, but there are maybe many other people who would feel like me, be like, I this is a serious grind. I just can't handle it. Like it's just too much for me, right? No doubt it's a lot of work, right? Um, and so uh this very passive approach, okay, if done right, can beat uh the very active approach. And I really doubt that uh uh the majority of traders who are even successful traders can can beat that, you know, beat 30, 35x in in three years. I just that's very unlikely. And do that with size, see, because size

why you should only fullport

SPEAKER_02 11:14

also matters, and this is also another aspect of uh about going all in, right? People uh probably interpret it like a some kind of reckless daredevil move when it's in fact the complete opposite, right? You the reason I'm going all in is for safety, right? It's that in other words, there's this illusion that, oh, okay, I have to be in multiple positions to diversify, right? Because it's safer. It's not safer, it's uh less safe. Okay. Um but you gotta, of course, pick the right, the right asset, right? You have to pick the right asset. You gotta be right, yeah. Yeah, that's yeah, but it's not but it's not it's not just you know, uh it's not just about being there's there's certain things like they say, okay, there's no such thing as a sure thing in trading, like there's no there's no sure thing, there's no sure bet. I I kind of disagree that there are positions that you can take that are a sure thing. Because here's how I was looking at it, right? And if you and and and and tell me if you agree. So if you take Meta, right? I mean, like everyone in the world uses it, right? Like, I think six billion people uh out of eight, if not all eight, everyone interacts with meta products, Instagram, Facebook, WhatsApp, and a bunch of others. Um I mean, uh the the moat that this company has, and it's a massive business, right? It's just like they're printing money, the the revenue is absolutely insane. Um the numbers are staggering, right? This is a massive, massive business, right? Um, and so uh that that's safe, right? Nothing is going to happen with a company like Meta, right? And and and the this aspect of um diversification, like for example, let's say you have you own a business, right? So, like for example, this your your podcast is a business, right? Well, do you have three other podcasts under different brands to diversify, or you're just focused on this one business that you're doing?

SPEAKER_00 13:44

One.

SPEAKER_02 13:46

One, right? So I used to have a business, I used to run a business. Uh, I just had one business. Uh, I didn't try to open three others to diversify. Uh, and in fact, if I did, I would be totally screwed because I would I I wouldn't be laser focused uh as I need to be on building my one business, and I would just divert my attention to all these other things, uh, and it would all fall apart and unravel, right? So, why is it that when you own a business, right? Um, it's okay to be all in. Uh, and not okay to be all in at like a massive company with management that is better than me and you better than most people. I mean, these are very competent people with a proven track record. They know how to run a company, they know how to build a company better than me, better than you.

SPEAKER_00 14:46

Can I interrupt you just to say every day we start the stream with an intro, and it's this video in the voiceover is Michael Saylor saying, How many chairs are you sitting on? Are you all in on the chair? You put on one pair of glasses, you got one pair of airpods, you're looking at me through one screen. It's the exact we played every single morning. Are you all in on the chair? You've heard it. Surely you've heard it. That that speech.

SPEAKER_02 15:13

But uh sure, yeah. But what he's saying is a little bit different. The nuance to what he's saying is a little bit different because he's kind of saying, like, look, uh, he the the message is a little bit different here. What I'm talking about is literally the practical reality of a business, right? Because the uh Bitcoin, you know, uh crypto and things like that. There's no like I'm really good at stocks because I can interpret the, you know, the the data, I can interpret what the bit, I can understand the business, what it's doing, how it's being, you know, who's using it. Um there's no, it's very difficult to uh even with Bitcoin, it's like there's there's no uh uh metrics. So even though I think Bitcoin is like going to infinity uh because of just the its design, right? Um but I I can't tell you like you know, key inflection points or whatever. It's it's just pure supply and demand, like really pure, pure supply and demand, nothing else that's driving the price, right? Whereas with a business, there's so many other variables that you can form like a very concise, you can you can basically uh like you can see where it's going and you could see what you're buying and what it's going to do, right? So when when you s see so because look, before meta had that that crash in in in 22, it was already like considered a great stock. It was it was an amazing company. Like um all the fund managers were like telling me, oh, you should buy Meta, it's so great. So it was so amazing, you know, uh at you know, four 400 bucks or 500 bucks before it went to you know dropped to 88. You know, the the the business hasn't changed. I mean, they just had like you know, like they had to write off like uh some bad investments in VR, right? Yes, and that and the the the but that the the that was just like a one-time thing that what the the the underlying business was the same business, right? So that makes it uh safe and and from those levels, right? This is this is what you can say is a sure bet, right? Because it is it is not possible, okay. You're effectively not taking any risk buying that in those conditions at that price. Uh you you might be taking some risk, you know, with very high margin because you know there could be some unforeseen volatility, you can get shaken out of your position, like if you go, you know, degenerate with margin. But let's say if you're not, if you're taking modest margin, like let's say 2x or what you're you're not taking any risk because the company is not going out of business. The company is so deeply intertwined into everyone's lives, uh it's a sure bet. Okay, this is not like a salad wrap in in a restaurant, okay, uh, which is you know, who who the hell knows, you know, what what's gonna happen with that company where what you know it it's it's a it's a totally different animal, right? That's a completely different situation we're talking about. So in this case, when you when when it's at those levels, okay, um, and and and that is again that's part of the risk management, is that you size matters, right? And and you want to be able to go all in on this one good safe thing, right? That is like completely mispriced, uh, rather than like uh have like a whole bunch of positions, and then inevitably look, I've I've tried that before. Like, that's kind of how I started out, just buying like this thing, that stock. Oh, someone uh said mentioned something about this, and your neighbor said that, and this your friend told you about this company, you're you're you're buying this, you're buying that before, and you you're you're completely losing discipline, uh, you're losing uh uh risk you're you because you can't possibly be like you're because you're like just just kind of throwing throwing things at the wall to see what sticks, because you can't possibly fully understand these businesses and these companies, and you're just like buying into you know all these different things one after another, and eventually like you just severely underperform because inevitably a bunch of those positions will not perform or blow up, and and even if you have some big winners, but those big winners are let's say five or ten percent of your portfolio, you've severely underperformed rather than focusing on this one thing that is really gonna perform and understanding it fully, uh staying with it, and uh and it has to be safe enough to go all in.

SPEAKER_00 20:32

Okay, there's no distractions, it's an incredible asset, it just only has upside, and you're all in, and so and so on the all-in point, you you bink meta, you obviously bank Bitcoin very well. I think 1700 was your entry 2017, I think you tweeted, and you come back, six-month hiatus, and you publicly full port, at least via your tweets, micron at all-time highs, and you not only full port micron, but basically every red candle you're posting, it's free. Like if you're not buying it, 800, 700, 600 year retard. Like, it it is like the freest, most guaranteed trade I've ever made in my entire life. And so how and why do you get there?

Micron long was obvious

SPEAKER_02 21:32

My question would be is how does someone not not get there? Okay, like how how the the um they like it is I have never seen okay, a cheaper tech stock in my life. Like they it is mind boggling. Uh when I saw it, I was like, I I can't, I mean, I'm like, is that is this real? Is it how can how is this even possible like how is the market giving people an opportunity to buy this like how even now like it's just sitting there like and and the thing is that that that you know this whole efficient market thing about how like oh everything's priced in it's complete nonsense like for example look uh when Lehman blew up in 2008 right uh the market didn't fall okay for three days for three days the market just wasn't just wouldn't budge right so before like the biggest meltdown in in like decades right so so anybody had the opportunity and plenty of time to position for a massive short okay just by looking at things like the market was just literally giving people three days to open a massive short to make a fortune and like why why didn't just Crater like right away it took three days I I I didn't I didn't trade that um but uh but that that's what happened right is it at at that time what's mind boggling is that you have three days to position for that it's like how why was the market offering that that is just like it it took three days for the market to digest and react right and so and so things are mispriced all the time things are are not so in this case like not only is Micron making like in insane amounts of money uh is is the growth is is staggering right they grew revenue like I know something like 400% in in in a year like a company that size to grow revenue 400% and they can't even come close to supplying old orders they're they're like barely can like they're maybe supplying half of demand that they have like like the moment you hear like that the company literally their biggest problem is they can't supply enough product okay you already know right that that's like okay like right that that should get your attention like they their biggest problem is they they can't supply enough okay and it's not because of mismanagement like for example like their their factory's broken or anything like that. They just literally don't physically have the capacity to supply enough to hear that and then you're like and then you look at the margin and it's like holy shit it's like these margins are insane like approaching 60% and then the uh memory prices will just keep going up and so not only you have the super profitable business but you have um a rapid growth which is you would almost never see a company that's like like the only company that did this was Nvidia that was massive that grew at that like at the speed of a startup which was incredible to see right so it's like when you uh that this kind of thing like it's like it it's it's like it just I almost like thought that this okay are the numbers fake like what is going on here like they are they cooking the books like what's going on like the something cooking the books or or or is it I'm just like what what what is like it's it's am I missing something here? Like what is going on? How can it be so cheap? Why did it take your phone to find it like in the grand scheme of price going up you bought it at all time highs well because I I I I wasn't even near a computer for like at least six months right I wasn't doing anything I wasn't you know I wasn't trading anything um and uh so I'm I I'm not like very active in in in markets you know I just kind of take a position but in this case right um the the you know and also the the the fact that like they have customers signing five year agreements because everyone is worried about cyclicality right so of course you come to them and you say well we need some chips and they're like well listen if you want some allocation I mean we don't have enough but maybe we can help you out if you sign a five year agreement that you're gonna buy minimum this much over the next five years. So everyone's signing it because they're desperate for chips so where's the cyclicality if everyone is now you know they have them by the balls for at least five years where where's the cyclicality how's the how is this just going to drop off in six months if everyone that's buying has to sign a five year agreement where is it it's not there and so um so this thing is like was was trading like a like five X earnings just like uh a a month ago and and to be able to buy uh um you know because it's not just about profitability it's about growth right because like for example it doesn't matter how much money a company's making if they're not growing right so for example Coca-Cola that stock is not doing anything why because it because yeah how can they grow? I mean you can buy a bottle of coke in the Sahara Desert for God's sakes is in every part of Africa I mean they've literally saturated the world with coke like how much more can they grow I mean they can grow three percent a year or something they can't sell I mean there's only they can't they cannot grow 400 a year or 20 a year it's impossible so no matter how much money they make right the stock is not going to really move it's just gonna be like the slow like you have to like be like Warren Buffett you have to wait until you're 90 until you make some money you know so it's like with Coke right you love Claw Buffett a retard you love it yeah I mean I I I think I think the guy is uh is is so over overrated but anyway um so so basically so you've got massive profitability it's a tech company it's got growth so it's like it's it's safe right I mean it's like why would you in other words like um Tesla is at like you know uh PE is like over 200 or something I think it's like 230 something like this is this was this when I bought this with a P was it of something I think like five I mean so where's your money safer in a company with a PE of over 200 or a PE of five so if we so risk management is everything. So you want a high performance asset that has massive upside that is super safe where you're not gonna blow up right you you're gonna obviously have uh a lot of volatility because uh people looking at this thing when you look at the chart right it looks absolutely terrifying right if you don't know anything about the company if you pull up an all-time chart on micron okay I don't think there's ever been a chart like this in in in in in in in finance history in any in market history period like when you look at it it just looks like a classic blow off top like that this thing at any moment will just collapse and crash 90% doesn't it like when you look at it it's looks it's it's just going a straight like it it looks really scary. So it's like so of course a lot of people are like terrified many of them are don't understand business they don't under and and they just and they're like or they might trade it they won't hold it more than a day uh but to to to like buy and hold this thing looking at this chart is like if if I had no other information and I was I saw this chart I would be terrified be like are you crazy like how can you buy this this is insane right but the the the point is is that in this case is it there's I've just never seen anything and anything like it. And so but in this case the reality is that the stock is cheap really cheap right now with this chart it's incredibly cheap. So it's safe right I'm not gonna blow up right so in other words you can have volatility because a bunch of people are like there's like massive leverage both ways. So it could in in one day just uh drop a hundred fifty bucks or go up 150 bucks you can have this massive volatility because many people are scared they don't understand what the hell's going on they they they're scared by the chart uh so that that would be normal but if it's like if you if it's dropping temporarily like I wouldn't care because again I'm safe because the business the company is insanely cheap is the cheapest you you just where can you show me a tech stock that's building advanced tech uh that is a critical component of AI which is also advanced tech that is growing at the speed making these kind of margins uh and growing revenues at that at that speed that I I don't see any I can't I can't I can't find any other stock that comes close that in terms of safety. There's nothing else that comes close.

SPEAKER_00 31:26

Let me ask you this I I want to get your I you know I I think you're one of the last like true blue blood bulls left like like just like everything is gonna go up only forever type of bulls and so I'm gonna read you one of your tweets and then I want you to just like give me your sort of your framework on this so you you quote uh Peter Brandt who whatever um he made this tweet of this chart of SPX and is basically saying it's gonna chop for the next like 10 years based off of like historical expansion and and consolidation. You quote him and you said total BS USA is bankrupt hyper debt out of control this is why markets will go up for many years billions who own no stocks will become much poorer USD is worthless can you you don't have to go super deep but can you give me your general framework for where the world like society but also markets are headed and what you presume will happen to risk assets over the next five five to ten years as a trend

fiat is worthless

SPEAKER_00 32:34

uh I mean as clear as day uh that uh first of all usd and indeed has become worthless uh although maybe the the average person may not see it this way but when you see like some Russian dude buying a $500 million dollar apartment in Monaco like dude $500 million he just dropped an apartment okay um Ben Affleck sold sold some bullshit company AI company to Netflix he's an actor who made some bullshit ai uh for $600 million like uh look at what athletes are being paid look at what I mean look at what's you can't even buy like a nice apartment for less than 10 million in most major cities like a nice one I mean USD is worthless it's it's it's like it it's it it there is so much money um and and I understand that you know could the average person they're like okay you you know they're like they they're not uh maybe they're experiencing inflation but they're not like oh seeing it like oh okay it's worthless but if you if you look at like I mean like these days like I I mean I I'm sorry if this offends some people but like you know 10 million is just kind of just makes you like almost like middle class these days that which where it used to be a fortune right I mean like uh like say 20 years ago uh 30 years ago it was like you know you were set right now I'm not so sure right I mean and and and and so that's one aspect of it but that's just one aspect of it but the other aspect is that uh I mean I was talking about this since 2022 saying that we're good going into like the biggest pump of all time uh because of everything um the the the the rate of change the and and this is this is different people that are saying this is a bubble are gonna have a really rude awakening all these people waiting for a correction with sideline money they're they they are really gonna uh get destroyed

this is NOT a bubble

SPEAKER_00 34:59

because this is not a bubble okay these companies are printing so much money okay that that this is it it is unprecedented okay the amount of money that companies like NVIDIA earned that micron i mean micron's gonna make something like I don't know like a hundred billion dollars in profit this year okay 100 billion in profit not revenue profit okay oh you understand how staggering these numbers people are talking about bubbles this is not 1999 where you had these worthless dot-coms with no revenue just some idea and they would put a dot com next to their name and um I mean you have some like pockets with I mean of bubbles in this market you know because obviously the money chasing like stupid things and you have some like but like pockets of bubbles but the overall market is not in a bubble at all at all

how the AI bull run plays out

SPEAKER_00 36:01

not even close but what you're gonna see is that as as these companies get more and more expensive right the corrections are going to get sharper right and every time everyone's gonna think it's the end of the world it's the end of the world so I can I can tell you right now I'm usually I'm usually right about these things and but I can kind of give you the framework right now that the next correction um it will probably take the S P down like you know 15 15 20 percent okay and after that you will have like a massive pump higher and then you would have there's probably gonna be like two major corrections okay um before the bull market ends okay so and and they're gonna keep increasing in in in size because the company's just more expensive why does the bull market end um so what I mean by by end I mean that the that after the these two corrections after the second correction you will have like an insane pump to like in insane levels.

SPEAKER_02 37:20

Like you'll see meta like maybe go to 3000 uh micron go to like maybe 8000 or something something like that.

SPEAKER_00 37:31

Yeah something like that you maybe five five to eight thousand like okay like after the second correction and then and then you're gonna have a we're gonna have a crash right but uh it's gonna be like a covet style crash like really scary like the the NASDAQ NASDAQ will probably yeah Nasdaq will probably come down um 37 to maybe 45 percent it's it's gonna be really really sharp uh just like during COVID it's gonna scare the shit out of people because it's gonna align with like right around that time around maybe might be 2030 so it'll be like people would be thinking 1929 everyone will be terrified there'll be made olden 1929 comparisons will be everywhere uh and then it is gonna pump like a missile okay from there so it like it's gonna go like crash state it's it's not because you see uh markets sort of um uh alternate right so we had a a a very sharp crash during COVID that was 2020 then we had this you know in 2022 you had this bear market which was a slow burn decline right so the next end of the bull market will be a sharp crash because you're not gonna have again that same slow burn decline and the thing is that a sharp crash right is super bullish okay in other words you want that like there's nothing more bullish than when you have that super sharp rapid decline when all the leverage is being blown out etc and then when when that bottoms like you it might sit at the bottom for a couple of weeks and then it'll just be like another rocket to new highs um and so the over the next like 10 years there's an opportunity to make just absolutely insane amounts of money with the right positioning discipline etc it is just uh so yeah you're gonna have you know volatility and corrections and as things go higher and higher corrections just get sharper but the um um yeah so to say uh the the idea that that that that we're gonna have 10 years of some sideways market is is is absurd i agree it's absurd uh does this end in like hyper inflation risk assets are like so expensive you can't it's like the only thing that's worth worth anything does this end in like utter collapse of the economy like where does this end what is the what is the like climax of uh your the 2035 20 2036 climax like what where what are we speed running towards uh in its like glorious fashion i mean honestly i i i don't even know why people like think about these things like utter collapse you know uh you know recessions and things i mean what it's it's first of all it's never that bad okay it it's it's not it's uh no no no nothing is gonna collapse the the economy is gonna continue to do just fine like look even even 2008 wasn't that bad even though it was horrible like this is going going by the I mean I'll tell you this like like at that time I was like really really busy you know uh uh with my company and I I didn't even feel it man I I didn't even like you know and I know maybe a lot of people were struggling um but overall it's like everything will be absolutely fine okay nothing will be ending there is no some like some some line that once it's crossed that we're all gonna die that this is just this this this bull market then it ends and then that's it there's gonna be like a 30 year bear market like this is all nonsense like these ideas are peddled by I I I don't know why why that it's such a popular thing to talk about.

SPEAKER_02 41:47

Like it's just it's just like dude life is great everything's great like look at the your quality of life versus like just a hundred years ago like I mean everything is going really well right I mean yeah of course nothing's perfect right but your life relative to let's say I mean you'd probably be you and I would be working in a coal mine a hundred years ago I mean so like fair fair fair things are really really really good and you know everyone is fine okay and people always complain right they always complain because things can always be better but I mean sure so I mean so I mean look at the the uh I mean bear markets are usually they don't even last very long so what what's the I mean even if you go into a bear market for a little while like what what's the big deal like it's it's not it's not the end of the world.

SPEAKER_00 42:40

I mean it's just like um but most of the time we're going up right and we are we are and the um so it's it's pretty clear that this this combination of factors right with what's going on with uh tech uh clearly uh we're at the beginning of singular some kind of singularity event because it's like it can't even keep up anymore with all these new development like we you you you're surely you you feel it that like you can't lose too fast it's too fast yes it's it's like every it hit escape velocity like there's no recovering it the speed of information i i fully agree it's too much all i i spend three hours a day on stream talking about markets it's it's too fast we miss everything every we miss so much every day exactly so so that that that is singularity that is when uh singularity is basically when let's say you know we had to you know um let's say in the last 100 years we achieved uh more with technological progress than the last 1000 or 10 000 okay yeah and then and then we're gonna you know then we're achieving more in in in the last 10 than in the last 100.

SPEAKER_02 43:56

And then you're gonna be achieving more in one Year than in the last 100, and then eventually you're making a hundred years of progress in a year, then in a month, then in a week, then in a day, then in an hour, then in a minute, and then in a second, and then you you lose all comprehension of what's going on, and and so uh essentially uh reality just gets saturated with intelligence, and and you're just completely just have no idea what the fuck is going on. You're just like that's I mean, you just gotta just go go for for the ride. So this is already happening because like every week it's like, oh, this new thing, the it's like what no one can keep up anymore because of how fast thing and it's gonna accelerate, you know, AI making its own, you know, other better versions of AI making new breakthroughs, and it's gonna happen faster and faster, and they're adding computing power at an exponential pace, and everything's gonna it's not gonna slow down, it's gonna accelerate, right? And so this is kind of like a singularity type event, and and and um but the but yeah, the the opportunity right now, it's like the we're we're in a massive bull market. The bull bull market, you know, there's gonna be uh corrections. Like I would say that in the next um two, three years, you're gonna have two relevant corrections, okay? Like relevant, like maybe I don't think as bad as like April of 25, but like like you'll feel it. It'll it'll you know, depending on how your position might might hurt. But um, and and and then and then a crash, right? From which again, it'll you want to like go all in on that crash. It might be five years out, four years out. I don't know. You want to go all in every penny because again, and so there's just so many opportunities to create uh generational wealth um that is mind-boggling, right? Um and so that that's the that's the the basic thesis, and and um yeah, uh markets

BTC can still 80,000x from here

SPEAKER_02 46:23

just going straight up.

SPEAKER_00 46:24

I got one more for you. Um that I gotta get your opinion on before you leave. Is by the way, seriously, it is I know for you, you're gonna say, like, what the fuck ever this is normal, but your just true bullishness is refreshing to hear. Um give me the like okay, crypto's in a little bit of a weird spot right now. You might not think so, but a lot of people that trade these markets actually, especially that are trading shitters, trading alts, trading memes, feel like crypto is in a very weird spot. And Bitcoin specifically has sort of found itself in for a lot of again, a lot of the active traders in the what's the next narrative, what's the next catalyst, what happens from here type of scenario. And your singularity future, where does Bitcoin reside and what happens to the beautiful, glorious gold coin?

SPEAKER_02 47:19

Um, so I mean, I think that uh people um will be looking at uh you know eighty thousand dollar Bitcoin um at some point in the in the future, like let's say maybe ten years from now, uh the same as we now look at one dollar Bitcoin from 10 years ago. Uh that's kind of how it will feel. Um and um again, it'd be because of the design, because of the and but it it's hard to um, you know, like when you see narratives, right? So there's no it it's the price itself is is what drives the narratives, right? So for example, like absolutely nobody gave a shit about gold for 10 years. Like zero people gave a shit about gold except a bunch of like uh you know weirdos and psychopaths, you know, these all these precious metal, weird, weird people. And and um uh and then as soon as it like pumped and and like you know went from 1500 to like 5000, okay, all of a sudden everyone is like, oh gold, gold, like what changed? Like, oh wow, gold, so suddenly it's so special, right? So special, what changed? Just the price, right? Only the price. So precisely the same thing happens here is that the price itself drives. So, in other words, if if once Bitcoin starts to like break out and make major moves, and then it's like 200k, 300k, 400k, like I assure you, everyone will think think it's the most special, most precious thing in the universe. They're gonna talk about it like, oh my God, like it is just so amazing, like it's so incredible, so precious. And and the higher the price goes, the more you'll hear it. So the price itself drives the narrative. Okay, it's not the other way around. And so you don't need narrative, you just just at some point the price will just randomly start to rise because eventually demand will overtake supply, it starts going up, and then that'll fuel the narratives and the sentiment that you're talking about. And that that's how it's going to happen. Um, and plus, it's just you know, it's just really useful uh asset, right?

SPEAKER_00 49:57

Like do you worry about quantum and privacy and like Satoshi tokens, all of these like sailors, stretch micro strategy blowing up? Are these things that you think about?

SPEAKER_02 50:12

Um yeah, I mean, uh strategy is is is is is a is um a clusterfuck of financial engineering that I I don't fully understand. Uh but I I um I I'm I so I can't I can't intelligently tell you like you know with like with confidence like what as to what might happen with micro strategy, but um you know, but I I I think that it's not um you know, and uh so I I I I don't I mean I I'm not too I'm I just honestly I I just I can't I can't form an an opinion on that because I just there's just too much going on, right? Okay. But in terms of in terms of in terms of quantum, I mean, um, no, it's not, I mean, come on. I mean, these these quantum computers, like, they they can't even do like like like basic multiplication, I mean, yet. I mean, it they can't even like factor a number, like, you know, so it's not, it's not, they're not, it's not even close. Uh, and so, but the point is, is that look, uh, Bitcoin is a is a living, breathing network, right? It's not like a fixed thing, it's like literally just like uh, you know, it's like a public resource uh with hundreds of thousands of node operators, miners all over the world. Uh, and it is a a self-sustaining system. Um, and because of all of the different incentive structures, uh, surely, of course, it'll just migrate to a quantum resistant uh uh type algorithm or mechanism, uh, because every single node operator will support that, because it'll increase the value of their holdings and and and make everyone feel better better about about their holdings. I mean, so of course this will happen. I mean, it's it's like there's certain contentious forks and things like that when uh people um like disagree about block size or whatever, no one's gonna disagree and think it shouldn't be quantum resistant. Like have you ever said a request? Um only only when I like, for example, like if I uh uh uh am sending it to someone and uh or I'm paying for something, like I would like buy it and then and then sell it. So I I I I you know I buy just to sell it, just so that they receive the Bitcoin. But the things that I bought for like I've never sold any any of my holdings uh ever. Do you average a price that you sell? No, well, I mean, what what do you mean by price? I mean, Bitcoin is my currency. So when you say price, it's like it's my currency. I mean, some people have euros, some people have USD, some people have Japanese yen, right? So it's it's just my currency. And when you say price, like saying, Well, is there a price at which you'll sell your Japanese yen? It's weird, no? I mean, or is is there some price at which you'll sell your USD? Like, well, no, you just have your USD, and but that's like my currency of choice. That's the currency that I prefer to have. And so uh it doesn't that that construct doesn't even make sense, doesn't make sense to me. Like, why that's just my currency, and it fluctuates against other currencies, but it's the best currency. Um let's not forget how incredible you know Bitcoin really is, and how many times it's it's it's actually like really like saved my ass in many situations, right? Uh, it's incredibly

how BTC actually saved Airmass

SPEAKER_02 54:09

useful.

SPEAKER_00 54:10

And uh what do you mean by saved your ass?

SPEAKER_02 54:13

I mean, listen, I mean, look, I mean, if you uh imagine like like a situation, I don't know, let's say you have some uh uh uh uh creditors after you, or you're running a business and you know um uh some prosecutor has like uh you know low caseload and you import uh a container of bananas and they claim you didn't use the the correct license to do it, and then they freeze all your assets and charge you criminally, and then like look, I literally know a hedge fund guy uh in New York, okay, who the guy's literally a billionaire, was a billionaire, okay, with a B. Um you know, um and then one day he just gets accused of some stock manipulation, okay. And listen, they've they froze everything. They they came to his house, they they they took everything out of a safe, they took all his cars, they froze all of his accounts, everything. And you know what this billionaire had to do? Okay, he had to use a public defender, he couldn't even hire an attorney. He didn't even have he used a billionaire, was using a public defender, and of course he got completely fucked because you know, I mean, so they just ruined his life. And if imagine if he had if he had some Bitcoin, he'd be able to hire any lawyer he wanted, he'd be able to continue living the lifestyle he's accustomed to. If he had Bitcoin because what the fuck are they gonna do about his Bitcoin? They wouldn't even know he has it, and there would be not, I mean, there would be no way. I mean, do you understand like how that it's like it can save your life? Like people don't understand that, like they think, oh, that's not gonna happen to me. That's not I've seen that happen to like many people. I've seen that happen to a lot of people, where when some bureaucrat can freeze everything you have with a click of a mouse, it's as simple as that. Okay, some beef with IRS, not not even because you did anything wrong, just because they they just think you did something wrong, okay? For a million reasons. I mean, um, if you own a property, I mean, what what do you what? I mean, you're just paying rent to the state in the form of property tax, you know, and and and uh and then with the all the maintenance repairs and all that shit, like what's the I don't what what is the you're not you don't own anything, it owns you. I mean, what what you're like a slave to this property where where where you could just rent something and just you know leave anytime you want, like for complete freedom, and actually have uh Bitcoin. And in this, you know, in this case, like my Bitcoin is just like I I just know my my seed, like I have it memorized, and like I just like all of it is just in my in my brain. Like, how are you gonna take that from me? And how what how am I gonna go through uh to another country? Like when I was traveling with gold, am I gonna stuff gold bars up my ass and like go through metal detectors? Like, seriously, like how it's so completely useless when I think about like gold, you can't even transfer it anywhere. How will you move to another country with a bunch of gold bars? Let's say you decided to move to another country, you want to live in France or wherever, you want to move to Thailand. How are you gonna do that? Like, do you have any idea what the the and the the logistics involved? Like, that's just like it's a completely useless instrument. It's literally, and it could be so easily taken from you because obviously it's physically somewhere, right? But my Bitcoin is just nothing but a phrase that I remember, that I know, right? And like that's all it is. Like, how how how do you take that? It it's it's like the there's this amazing comfort in owning it because I know that no matter what kind of shit hits the fan, I always have money, I always have access to capital, and I can just keep living my life the way I always do, and no one can do absolutely jack shit about it. Like no one. Uh it's impossible, right? So that is extraordinarily valuable. And if you are a high net worth individual who still doesn't get this, okay, you're making a catastrophic mistake because one day you might get fucked. And you really will wish you you have to be literally reckless and irresponsible. If you're like, let's say, worth 100 million plus or 10 million plus, any, and not have any part of your net worth in Bitcoin, you are insane. You are stupid and insane. You don't understand the world you're living in. I mean, look at what's going on with with first of I mean we just went through like COVID and all this wokeness and all this shit. Um, I mean, you know, there could there could be, I mean, this this disparity between the rich and poor is only just going to grow. There could be a civil war. There could be bureaucrats going after you for any reason whatsoever, just because they don't like you. You know, you know how easy it is to cook up a reason to go after you? There are, every time you leave your house, you're breaking the law. Every time. Do you know why? Because there are over 200,000 laws at the federal level, just at the federal level. There are over 300,000 laws at the state level, then there's hundreds of thousands of laws at the city level that you're in. Okay. Do you know them all? Not even any attorney on earth knows all these laws, which is adds up to maybe like a million different laws, right? So you don't know 99% of these laws. So you're certainly breaking some of them, right? So at any time, if the if if bureaucrats want to get you for any reason, okay, they have something on you to get you. Because you've been breaking laws your whole life, because designed that way, right? Because you don't know them all. You don't know most of them, right? So you're breaking them unknowingly, right? And then just one day they'll just if they don't like you, if you if you, I don't know, uh get involved, you step on somebody's toes, or someone, you're a problem for somebody, and you know, they they they want to create a problem, it's very, very easy to ruin your life. And without Bitcoin, you're absolutely fucked. Okay, it doesn't matter how much money you have. Okay, I've seen it happen to multiple people. Okay. I've been through situations, you know, it could be literally there could be dozens of scenarios where Bitcoin can literally save your life. Okay, now we're not just talking about getting rich by owning it because the value is rising, but just the functional aspect of it. Is that you, you if you're high net worth, you if you don't have Bitcoin, I think you're insane.

SPEAKER_00 1:01:41

Unreal. I as a follow-up to that, you don't have to go too long on this if you don't want, but I'm curious what you think of the privacy coins Zcash, Monero, anything else that falls under the bucket.

SPEAKER_02 1:01:51

I mean, I think Bitcoin is a privacy coin. I I I to me it's like it's just hilarious. I mean, Bitcoin, like but you like Zcash? I mean uh Zcash is is you know, the fact that it's like uh uh it could be private or not private is like either be fully private or they'll make it like up like optional, like oh you know, toggle privacy versus not like no no, I I mean I I had a little bit uh in 2017. I I I don't have any any any more, but like like it should just be like full like something like Monero is more appealing because it's fully private. There's no like optional privacy, it's just like there, but at the same time, like why do you like Bitcoin is already private, like there's no name attached to any uh Bitcoin address. Like there's no just the fact that you can trace it doesn't really give you a lot of information. It's just like you're you're doing a lot of guesswork, unless you're like incredibly stupid in in terms of how you acquire it and store it. Uh it it is a privacy coin, right? I mean, there's no way to know if you do some very basic OPSEC, right? There's there's no way to know how much Bitcoin you have, how many different wallet addresses you have. It's it's not possible. It's like I know they're talking about all chain analysis and all this other stuff. The reality is, like, no one has any fucking clue. Like, okay, imagine I uh like, for instance, I I I bought Bitcoin, let's say, even on Coinbase, right? They okay, they they know who I am. I bought Bitcoin on Coinbase, I withdrew it to some address, okay. Question number one Did I withdraw it to myself or did I send it to someone else? No one knows. But let's say I withdrew it to myself, wallet that I control. And then let's say I I go to your house, right? And let's say uh, and I say here's here, you know, I here's here's 10 Bitcoin, right? You give me cash, I give you the 10 Bitcoin, okay? Now I clearly don't own it anymore. Okay, now it's the Bitcoin is with you. What does it have to do with me? I mean, it's like you can't, there's no it's like these, it's it's like whose Bitcoin is it? Where did it go? Who's controlling it? Who it's is essentially there is no actual ownership. Uh, Bitcoin is um literally anyone who has the private key. Anyone that knows the key can control the Bitcoin. So there is no concept of ownership in Bitcoin. It's like, you know, they used to have like in the 80s, like these numbered Swiss accounts where you would open it with no ID whatsoever, and then just anybody that would show up with the with the number, with the correct number, they would give them the money. They have no idea who you are. Just if you show up with the correct number for that account, that's it. It's a numbered account with no identity. So it's like they have no idea who's coming, as long as they just want to see the right number, right? So so in this case, you're not actually what does it mean to own Bitcoin? Like, so like if if if let's say you you you know the key, and let's say you you share you share the key with your wife, okay? So what do both of you own it now, or like who who who owns it? I mean, and what if that the someone else knows knows the key? I mean, it's just literally about like having access or not having access. So the idea is it's it's already completely private because there's no there's no identity attached. I mean, it in other words, what what what they're saying when they say privacy coin is that it's a it's something you can't, it's an untraceable coin. Like when it be you can't trace the movements from one address to another. That's what a privacy coin really is is that you cannot trace the movements. Yeah, yeah. Okay. With Bitcoin, you can trace movement from one place to another place from this address to this address. But it's not really giving you that much useful information unless someone is just being incredibly dumb with their OPSec. Right? Like they just like uh I don't know, buy it on Coinbase with their ID, and then they go and buy, I don't know, like bricks of cocaine, and you know, and it never moved from that wallet. It's from the same wallet that they withdrew from Coinbase, and like, yeah, sure. That's that's that's a really stupid thing to do, though, right? I mean, but someone that wants to is is is is is kind of thinks it through, they would they wouldn't do that if they they need to do that, right? So uh I for me it is private. I just don't understand the need to because the problem with Monero is it might be a great idea and this and that, but you you you can't really even fully like fully verify how many coins exist. Like they could literally right now, they can they can have a bug that we don't know about, and it's just that creating massive inflation, like creating like like uh like what if the Monero supply just like doubled this morning and no one knows, like just no idea. How would you how would how would you know that? How would you know that, right?

SPEAKER_00 1:07:17

Okay, um, yeah, good take on uh uh fair. I I I I appreciate the take. I'll say that on the privacy stuff. Um also Airbass, you're the man. I uh I'm I they don't do a ton of these. I'm I'm really grateful you came on. Um the micron trade has been incredible so far, and it's refreshing to hear a true bull. As as a sign-off, as a sign-off, I'll let you, I'll let you wrap on this. I'll let you sign off on this one, I'll let you go. Um advice. Advice to the listeners, aspiring traders, younger generation that is like graduating university or graduating high school into this regime. Um, you don't have to go super long and go direct on this one if you want, but like what do you what do you do? Where do you focus? How do you win?

SPEAKER_02 1:08:07

Um, I mean, uh I think that so first of all, look, I've I've it's hard for me. I I've personally never had a job in my entire life because I started my first business when I was 17. So I don't know what it's like to like actually like work for someone, right? But uh there is a pl pleth of opportunities out there. You can make money in in so many different ways, and the electronic market is an incredible opportunity because you can just create so much wealth if you master it to some degree, right? And uh today, like I show you a total contrast to like your other guest, Chris, that there's like other ways of doing it, and in and inevitably, like, even though that uh you do need some um experience because like even if let's say you conceptually understand some of these concepts that I'm talking about, there's this sort of gut feel that also comes from just uh trading or investing for some time. And I feel like you kind of need at least five years to develop that that gut feel. Uh just coming out, but let's say if you let's say, I don't know, borrow a hundred grand from your parents and ape into something, like you're probably not gonna like you should like try to be very careful, have a lot of discipline, and tell yourself, like, I'm just gonna need some time. Uh, I'm gonna just, you know, uh, but you might you might blow up in the beginning, but but it is well worth mastering it uh to some degree because there is no faster and better way to create massive wealth. Um, I don't know any other business. Like, like I wouldn't know how to like, I don't have the skill. Like there's some guys that that like like they take like like 50 grand to like millions. Like I probably don't have that that skill. But uh so for me, because you know, I I built a business, I sold it, and then you know, I had capital. But with with if you have decent capital, you can really mushroom that into like massive wealth. And I just see, look, I mean, uh there's endless opportunities more than there were when I was starting out, in my opinion. And I think just like just you you you have to um kind of like just um become laser focused, obsessive, just like be unstoppable, relentless, uh, and you'll make it. Like, absolutely. There's no question. You know, I just I just you just have to like no matter what your circumstances are, I promise you that if you're absolutely relentless and like have this unstoppable energy, you will you will make it, uh especially now. So whatever that is. So just just be relentless, okay.

SPEAKER_00 1:11:12

My fucking guy, dude. We uh we appreciate you, man. Thank you for your time. Thank you for coming on, sharing your your ideas, your your your thinking with us. And we're glad you're back, man. Welcome back to Twitter, dude. It was a long, it was a long six months, but my noties are firing again, man. We uh I I very much look forward to uh some future posts, but thank you again, dude. It was an absolute pleasure.

SPEAKER_02 1:11:35

I appreciate it, man. Thanks for having me. I'll be looking out for your posts. Thanks so much. Take care.

SPEAKER_00 1:11:41

Wow, wow, wow, wow. Air mass. We did it. That can we debrief that? Smiley, thanks for the 10 gifted. Can we debrief that? Can we debrief that? Um, I mean, what did what do you think? I mean, look, yeah, I can't I can't wait to make 10 million and enter the new lower middle class of America. What kind of business do you think he was running? I look, I think I think he's actually a good human. My read is he's a good human. He's very sharp, he's nuts, definitely an IRL kind of guy. I think he crushed Bitcoin, he crushed Meta, and he's just like a yeah, has a firm handshake for sure. And he's just like a true libertarian, brother. Like he is a real Livel Light TV. Thank you for the five gifted. He's like a true, like, abolish the government, like real deal libertarian. Like, this shit is a fucking this is he's a real deal, like, like he you guys seen some shit. Uh, I I I I presume.