JD Vance Is Getting Cooked, Will Quantum K*LL Bitcoin, Too Many Top Signals, Crypto Is In Trouble - Threadguy: May 27th, 2026

Threadguy on why The Big Short ruined a generation of traders, today's crowdsourced kickchat portfolio as a top signal, and the Pope getting a $660K Ferrari EV. Plus the cold storage Bitcoin he almost moved into 10-year treasuries, the JP Morgan rumor on Vance, the X-FAB Silicon Foundries rip after a Serendipity tweet, and a sit-down with Nic Carter on robotics, AGI, quantum, and Crypto.

Transcript

unknown 0:00

Ah man, yo, yo, yo, yo, yo, yo. Yo, yo, yo, yo, yo, yo. What the fuck is good? How y'all doing?

SPEAKER_04 0:08

How y'all feeling? I know this is a take I've said before, but I can't help but feel disappointed that the most popular trading movie of all time is about the one guy that's ever shorted the market and made money. It's such a rug, you know? It's like the problem with it is Big Short is such an unbelievably incredible movie that you have to recommend, you are obligated to recommend the Big Short to anyone that wants to watch a trading movie. Like it is so unbelievably good that you have an obligation to recommend it to people. But the problem is it it will ruin somebody's life. You know, it's the type I mean, there has been more money evaporated out of the hands of prospering traders because they watched the big short than any other piece of media in the history of the world. It's so disappointing. And I love you know what's crazy is I will I want to keep watching it. I I could watch it all day, I could watch it every day. Margin call best movie. You know, margin call is only good if you really love this shit. I showed margin call to some of my friends, and they Rasmer left halfway through. He went to bed. Malcolm was pissed. Everyone was mad at me when I showed the margin call. It was like me, the homies, a couple girls, what should we watch? I'm like, let's watch margin call. And they're like, All right, bet. Let's watch margin call. And everybody was mad at me. You gotta really wake up and think about making money, think about trading. You gotta really be about this thing if if you want to sit through margin call because it is long and it is kind of boring. But I personally love that shit. I'll I'll be on a first date talking about hey, you ever seen Trader by Paul Tudor Jones, the documentary with 5,000 views on YouTube? And she's like, No, what's that? We try we're watching Trader. It's like y'all going, you know, y'all, y'all going to the bar, they're going to the pool hall, you're taking her to to whatever, whatever restaurant. I'm I'm we're watching Trader by Paul Tudor Jones. That's that's the difference between you and me. I'm I'm just starting with it. I was writing this in my trade journal today, and I was thinking about it, and I'm like, you know what my goal is with trading? Is I want to know as fast as possible if I'm right or if I'm wrong on the trade. That's what I really want to know. I don't necessarily want to hit the home run or have some high win percentage, but I want to be able to identify as fast as possible with as little money moved either direction if I'm right or if I'm wrong. And so I'll just start the date. We're watching, we're watching Boiler Room. She's like the movie sucks. I don't even like Boiler Room, but I just gotta know, right? Snap call right away. Paul Tudor Jones on the screen. Do you know who he is? Okay, if you do, we're done. And if you don't, we're gonna watch it. And if you hate him, we're done. And we just we know it's 54 minutes and like 30 seconds. 54 minutes. It's it's quick, it's like it's as quick as the the coffee walk.

SPEAKER_03 2:44

Anyways, we got a lot to talk about. We got a lot to get into. All right.

SPEAKER_04 2:46

Coins are in kind of a brutal spot right now, and we have 13 minutes before market close, which we're gonna talk about. We have an hour and 13 minutes until Nick Carter comes on the stream, and he's gonna be a good one, man. Uh, we didn't really get to talk about crypto yesterday, and so we're gonna do he's really big on three things. He just announced he's part of the Robo Strategy team, which is awesome. We haven't really got to talk about robotics, so we'll talk about robotics a little bit. He's big on the AI, on the data center stuff. He thinks AGI is here, so we'll talk about some of the AI stuff, DeFi, whatever, and then we're gonna talk about quantum. Also, the thing that I've learned about quantum since trying to learn about it before Nick Carter is nobody knows anything about quantum. The smartest people in the world can't even agree that it's possible. There's this real, like, no one has any, no one knows. No one knows if it if it's real. No one agrees if it's real. So I have a uh thread here, ab group, titled Top Signals that we're gonna start with before market closes. We got 11 minutes. Here's where we start. FaZe Lacey. Good kid, by the way. I've met him before, I like him.

SPEAKER_01 3:40

Um, recently, I actually put all my money, every penny, every dollar I have, and I have taken it and put it into Bitcoin. I'm telling y'all right now, I know things. Okay, I can predict the future, I can predict the market, and Bitcoin is gonna have a boom soon.

SPEAKER_04 3:59

Not the hero we need, but the hero we deserve. I I can't tell if he's being serious, by the way, on this. What's the read on this? Like, is he being serious or no? I don't even know why this made the top signal list. Okay. I don't really know why this made the top signal list because uh is this a bottom signal? I don't even know. He could be mocking banks. I don't really think so. I I don't really know what to make of this. The thing about it is it's like not that great of a clip form because most of his audience is not, at least to my assumption, is not super in tune with the Bitcoin thing. Also, I used to do this with uh my eyebrows. I fuck with it's a little like aggressive on his slit, I think, is like a little too much. But I used to be an eyebrow slit guy. I used to go to I like and when I was in in high school, I used to rock double slits both eyes. I kind of think he's being serious. No, I mean, there's zero signal in this whatsoever. No signal in this at all. But I thought it was kind of funny that this was all over my feed today. This is the second one that made the top signal list.

SPEAKER_05 4:52

That's why it's when I'm trading, I do actually wear this ski mask because I need the market to know that I'm here to take his money. People ask me all the time, they'll be like, hey, why you got that ski mask on? Like, girl, ain't you hot? No, I'm taking the market's money. Take that SPX.

SPEAKER_04 5:07

The Paul Tudor Jones video, if you watch it, the trader movie, if anyone here's watched it, he has this bit where anytime he loses money, he starts talking about it owes me interest. It's gonna pay me back interest. And they're like, uh, Paul, who who are you talking to? And he just locked in it. He just he's just he's talking to himself, it's gonna pay me interest, it's gonna pay me interest. And they're like, the like the the narrator's like, Paul, who are you talking to? It's gonna pay me interest. It pans over to his partner, Peter, and he's like, he's talking about the market, he's talking to the market, he's talking to himself, and he's talking to the market. Paul's over there, like, it's gonna pay me interest. This fucking thing's gonna pay me interest. It's it's great, it's gonna pay me interest, is my new thing. So Zcash is gonna pay me some fucking interest. It's great. Third top signal, Ms. Kif. But look at those fucking games, boys. SOXL, AMD is up four thousand dollars today. Is he playing pit audio in the background? Is that what's happening right now? Okay. So remember when you guys were like Is he playing like a pit backtrack?

SPEAKER_02 6:03

But look at those fucking games, boys. SOXL, AMD is up four thousand dollars today.

SPEAKER_04 6:10

So remember when you guys were That's so fresh, dude. Why I don't even want to listen to this. How did we not think of that?

SPEAKER_02 6:17

Like, let's sell AMD, and I was like, I'm I put my f he just paused it, fucking foot down. I'm like, no, you're not selling AMD. I had to literally tell you, stop. Just stop trying to sell shit. You could see one guy in chat saying it. Fucking listen to yourself, retard. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh. So since I'm almost done, now what the fuck was that?

SPEAKER_04 6:44

What the fuck was that? Here's what I'm gonna tell you. I'm just gonna say this out loud just so we we are on the same page. That was insane. Jeez, man. The more money this guy makes with his crowdsourced kick chat portfolio, the worse it is on the top signal radar. The lacey thing means nothing to me. The shisty thing means nothing to me. The more money that the crowdsourced kick chat makes is definitely not great. That that is a genuine signal. If this thing starts really ripping money, like they're they're up 50%, 100%, 150%, that's not great. I will say that that one is not great. So this is not great. You want to see this go red, you want to see red days on on this account 100%. Last but not least on my top signal list is we have three. Number one, Taylor Mathis. If you remember, this is the girl who walks around and does the sports betting things. She launched a meme coin and it was a disaster, and she like cried and apologized and then like never met your crypto again. If you she launched a pump fun and she tweeted, if you have any extra income, even five dollars, I would put it in the SP 500 right now. Things are at an all-time high. And so there's that was one. Second is who is this? Who is this? What what is what is uh who is this exactly? I don't I don't exactly know who the D nap chill, chill, chill, chill, chill, chill, focus, focus, lock in, twin, lock in, lock in. But I saw this one get posted a lot, and it reads, quote, I finally started stock picking like almost two years ago, and I've been wildly successful. I know it's a good market, but still. And then the third that I have here is the third and the final. Three things I'm underwriting hardest in 2026. Kyle Kuzma, former Laker. I was a fan of the Lakers, thought, thought he underperformed in his career. AI applied to industrial industrial throughput, autonomous defense plus space robotics, and clinical stage biotech where AI compresses trial timelines. Everything else feels crowded. Kyle Kuzma one to me is the least signal because somebody's obviously running his account. You know what I'd like to see? It'd be pretty cool if we started to see some like MBA celebrity like SPV vehicle like investment vehicle kind of thing would be pretty cool. Like if he had some some vehicle for all these like pros to invest in and get exposure to all these pre-IPO companies. I think it'd be pretty cool. But that's probably what he's lean leading up to launch. I was thinking about it because it's like it's it can't be a meme coin. I guess it could be a meme coin, but not in 2026. Kyle Kuza's not dropping a meme coin. It can't be a like he's not launching an AI lab. Like, what's he launching? You know what I mean? It's gotta be an investment vehicle, otherwise, I don't I don't it's gotta be an investment vehicle, or he's just like trying to get access to some deals and he's just like tweeting. Chat, we got the Pope in the new Ferrari. Okay, yes or no paid sponsorship. Do you think this is paid? First, he signs a deal with Anthropic, allegedly. Second, he's in the new Ferrari, paid or no? What does the Pope need a Ferrari for? That's a very good question. I mean, what do I need a Ferrari for? I don't, but that thing is fresh as fuck. And on that note, let us look at the market starting with the SPX that closed up 0.02% flat, basically, technically green, another green day, but just barely. It was not the cleanest day in the stock market. I mean, it wasn't bad, but nothing really happened. And the way things have been moving, that counts as a bad day. SPX closes at 7,520 and 37 cents. The Nasdaq closes up 0.06 percent. And Pam Bondi has officially been appointed to the what is it? The oh, this is uh the Dow, excuse me, close up 0.36. Pam Bondi has been appointed to the what is it, the AI, what did she get appointed to? Yeah, some AI panel free Pam, bruh. It's back above her level. Free Pam. Um, the NASDAQ closes basically flat. The Russell closes flat. The Q's closed down 0.11%. The semi-index closes down one whole percent, and the worst coin of all time, the IGV closes down one percent. I'm sorry, the chart looks pretty good. I don't know what to tell you. The chart looks decent on the IGV. Um, but we'll look at some of those names in a minute. Cryptocurrency. Oh, brother, Bitcoin as it stands, is $75,132 per digital gold coin. I'm gonna be honest, guys, it does not look great. Call me fucking nuts. I remain a bull in a couple spots just because I don't think the downside is that bad. I I'm not expecting this at all, but I'm also not expecting retest the lows. I think we just like hang out somewhere in the middle. The ideal case for Bitcoin is that we just kind of do nothing. Chop a little bit higher, chop a little bit lower, chop a little bit higher, chop a little bit lower. I'm gonna be honest, for the first time, my Bitcoin exposure is really low. Like it's been really low after taxes. I have a couple Bitcoin in cold storage that ideally I would never touch. And I was like, damn, I should just put this into the fucking US tenure. That's when I thought to myself, man, I should get bullish. I said to myself, I should put it in in tenure bonds, and then I'm like, what the fuck did I just say out of my mouth? Now, our pride and joy of the brypto currency industry, I think uh does look good, which is hyper liquid. Um, kind of a weak daily at the moment, but I mean, all things considered, hype is above $60. It's sitting, resting, chopping above prior ATH, and this is the coin that we really needed to go well. Second chance at it is Zcash, which, yeah, guys, I'm gonna be honest. I uh I'm I'm playing with a lot of UPL right now. I'm gonna be honest. That is I'm worth I'm worth a lot less money than I was yesterday. I I don't know about it. I mean, I'm kind of just unemotional on it right now, if I'm being honest. Don't exactly know what I am gonna do here. I think in between all-time highs, like below eight and above, I don't know, this like 500 level, it's hard for me to really do anything. Like, I I think the best path forward is nothing for me. Like, really this level, but I could you could you could bring it up. This is something like this, I think, for for Zcash. Ideally, it doesn't get there, but it probably does. Uh, if you're gonna carry me out on Zcash, you gotta carry me out below 500 for sure. I will say, because I was kind of like, I wasn't mad at myself, but I was trying to figure out like what went wrong with this thing. This is one of the nastier bear traps I think I've seen in a chart in a while. I don't really know who who made it out of this thing alive. I mean, who who sold this? There's a chance I wake up in, I don't know, get off stream and I like fuck my life. And I just like get the the ball tingle and I get out. I'm still up a fucking lot. ETH, terrible, Solana somehow worse. I think Nier looks pretty good. Uh shockingly, I don't have much of a thesis on this. I'm done like trading this thing back and forth because I have no real thesis on near. Where are my medals chads at at the moment? We have silver, nothing interesting below 90 on silver for me, as somebody that doesn't really know how to trade it. Gold as well is pretty weak. Um, the only one that I've been saying I like is copper, which if copper can get above like 6'6, 6'7, I am interested in copper, but I don't think anyone in this chat has any medals positioned. Bonds down across the board. Um, VVV looks pretty good, Monero, whatever. And then dollar is flat, and then where's souls that we've added to this? Uranium down 1.3%, and then souls is up 1.7. It is definitively above the Ansem line. Moving on! Fence crushed across the board, palantry down three, everything else is down, space, semis, big AI, everything in between, Robo strategy. This thing is kind of a beast, man. Um, it's only 580 mil, which is so fucking cheap. They just announced today that Nick Carter has signed as an independent director. I don't entirely know what that means, but is interesting nonetheless. He will be on our stream today in 40 minutes. Um, so we'll talk robotics, we'll talk quantum, we'll talk everything in between. I like Nick Carter. I I really like Nick Carter. I think he's a very, very sharp guy. Um, Cerebrus as well is up 10%. RD Space is up eight. ASTS is also up eight. Space is just non-stop, and then Rocket Lab is up five. Um, meta had a cool announcement today. Um, I don't know how cool it was, but it worked for the stock to pump. AI subscriptions, they are up four percent intradays. Anyone have a meta position? Micron is up 3.6 to 933, Amazon is up three, Tesla up 1.5, Apple up one, and then biggest losers, Cyve down 15, QCom down six, arm down five, but arm has been absolutely going crazy. Nokia down five, Marvell down four, bloom energy down three, fly, which I think is a Julian Patula stock down three, AMD down 1.5, which is the Mizkiff stock, Microsoft does nothing, and Salesforce down one. Okay, what were the biggest uh earnings beats? Number let's look at the earnings guy. Let's take a look. So Snow beat and made a couple announcements. Wow, holy fuck. Oh my god, 30. Holy fucking candle, 30 on a 60 billion dollar stock. Oh my god. Amazon strikes a six billion dollar. That's huge. Six billion dollar deal with Snowflake for agentic chips. Snow giving Amazon six billion over the next five years for their CPUs. Snowflake will not be one of AWS's biggest customers for CPU-based computing. What does that do to Amazon? Uh no, nothing really. Um, nothing at all. Plus 0.2%. Marvell also beat and is up three percent, but had a bad day. There it's 180 billion dollars, up three percent, but it was down five intraday. Marvell CRM Salesforce double beat. I think we just looked at it though, and it did nothing. Salesforce is down on double beat, and that is all for earnings today. Moving on, some of our consumer names, biggest gainers. I rent this is a mess of I don't even know what these lists are anymore, but you know the order that we go. Um I rent up 14 sweet green monster recovery day, up 10, and is now officially up 49% from the Chris Camillo stream. Any green chads in the chat? Reddit, who funny enough announced a partnership with Shopify is up, puts Reddit up six percent. Him's is up five, Doordash up three, hood up three. I think the hood chart actually looks decent, by the way, but I just you know how it my stance on hood, I don't like it. Shopify up 1.6 on the news, so both emit names are up. Uh Ferrari on news that the Pope is driving a Ferrari, a Ferrari EV that is six hundred and sixty thousand dollars to be exact, is up a percent after losing five on the car announced. Biggest losers, the enhanced games is now down. Oh my god, eighty percent, eighty-one, eighty point two two percent from all-time high. That was just a week ago. Um, the swatch group is having some sick days, is now up 20% since the announcement of the AP swatch, which is wild. Coinbase is down four, tx and down three, game stop down one, and that is where we land. Oil getting crushed, crude closes at $89, down four percent. Brent closes at 92.78. What is the number one rule of the markets? Always fade war altcoins, but a bum bada bum bum bum gito is the leader. Wow, this thing looks fucking good. Up 14. River, shout out to uh that boy river say is the second gainer two days in a row, which is horrifying. Is that the Peter Brandt show? No, that was Suey up five percent, and then nothing else notable here at all. Biggest losers. Yeah, god Zcash is so fucking oh anyways, checking in on chain. Last but not least, cards. Wow, 50 mil. Nice, nice bottom bit asteroid for the bros. Come on, dude. You hate me? Oh god. He called this the stag uh was it the stagasaurus? Is the the dinosaur? Is that what's called? It's not funny, honestly. That's not funny at all. I'm not happy this thing went down. I just never understood why it was up so much to begin with. Scam Holtman! 300k, not bad. Let's bottomed. Let's bottomed some bullish PA. God on chain is a disaster. Uutia 30 mil. Botcoin. I don't even feel right reading these things out. Troll 70 mil. I mean, it's just like it's a mess. Rail gun. Oh, that looks fucking good. How about it? That looks fucking really good. Neat? 40 mil. Shout out all my needs out there. Banker 50, not bad. I don't know how it's 50 mil. I like banker. I'm just surprised. Pod looks decent, I guess. V V eco. LFI. Yeah, cooked. Jeez. No. Fine. I got that's not bad. What about Octra? Looks pretty good, right? Octra, is that is that what it is? Wow. How about this? What is this? That's a fucking ripper right there. That's not bad. We have two war and oil updates. Number one, nothing is getting done, but the market doesn't give a fuck. Trump not satisfied yet on Iran deal. Iran is negotiating on fumes. Maybe we go back and finish it. Maybe we don't. Iran is intent on a uh is intent on a deal, not there yet on Iran deal. We're not satisfied with it. We don't care about midterms, yada yada yada yada yada. It's all noise at this point. There's I mean, if you were really coverage on the Iran war at this stage, it's just like we're gonna drive ourselves absolutely nuts, so we're gonna fade it. Saw this, which is kind of crazy. Um I've been saying this for a while, I think, that they're very clearly setting up vice president Vance for for failure publicly, right? They like he was the most anti-Middle East war. He says nothing the entire war, and then they send him to Pakistan for negotiation. The first time he's allowed to speak on the war, they send him to Pakistan for negotiations that are everybody knows is gonna fail, and then they bring him back, and they've just been like playing they've been basically letting Marco Rubio or a farm super hard, and then they've been forcing Vance to look like to get cooked. And I just saw this rumor is kind of interesting. It's like rumbling, rumbling on the street is that Vance got caught leaking something Trump didn't like, something only Vance could have known. Just heard a wild rumor for someone I trust that works at JP Morgan. The buzzer that Trump has been exploring ways to force President Vance out uh vice president Vance out of office. He cannot fire him legally unless Vance resigns. The only way for him to be removed is to be impeached by the House with two-thirds Senate voting to remove. And then if this is true, then Vance is the biggest pansy in the world for not getting the cabinet to 25th amendment Trump for not like backstabbing him. This is an interesting one because it kind of feels uh it kind of feels true, man. Vance graph. This thing was as high as 31% in December. It's now 18% on Vance, which is Crazy Rubio, on the other hand, has got to be going up. I would imagine flying. This was as low as two percent in October, and it's now 13, which is kind of wild. So I don't know. I'm inclined to I don't know what the implications of this, if anything, on the market, I don't really think it matters, and there's no real way to trade it other than um poly market, which is a long-dated trade. I don't really want to lock up money in that for two years, but it feels true that this is the case. I felt like once they sent sent him to Pakistan, it was just like an absolute there's they're trying to make him look bad. Like they're not even trying to hide it. Other than that, on Warren Oil, I uh I don't really have much for you to cover. All right, let's check in on some stocks. Number one is Meta. Had a cool announcement today, which is that I don't know how much this matters. It seems to matter, at least to the perspective of people who want to buy this fucking thing. Um, so meta announces that they're getting into the AI subscription game. Meta's expanding paid subscriptions globally across Instagram, Facebook, and WhatsApp while also testing new AI creator and business plans under the quote meta one brand. Consumer plans are expected to start around $2.99 and $3.99 per month. What is is this like paid paywalled posting? Is that what this is? Like gated content is is what this what this is. Meta's also testing AI subscription tiers at $7.99 and $19.99 per month, with the higher tier offering more capacity for complex prompts, deeper reasoning, and increased image and video generation advertising. Here's the meta chart. It pumped a decent amount, really. Like the chart looks the chart looks pretty good, I must admit. I almost bought this today, but then I'm like, I don't even know anything about meta. I guess I use it every day. I use Instagram. It's still 25% off of ath, and it's been the most neglected mag. I guess other than Microsoft. Second thing that's crazy is in Bloomberg. Okay, X Fob Silicon Foundries rises as much as 77% in Paris, triggering multiple volatility holds after the stock was mentioned in an X post by an account that has been that has touted several European technology stocks, have seen big rallies. The post has since attracted more than 250,000 views. Shares later, pure uh pair gains to trade 45% higher. Stock entered its latest volatility halt at 1223 p.m. The data compiled by Bloomberg shows crazy, bro. Insane. Now look, I'm just gonna say this thing is up 33% and it's worth $1 billion. This is like a 600 mil coin that's probably pretty low float. 600 mil. That is small, that is tiny. I mean, you're I mean, I'm trying to think of a comp. Like, Nier's worth three billion. Like, if GCR or somebody came out today and wrote a thesis on Nier, this thing would fucking it would go, it would it would 2x. It would, I think it would snap 2x, it would snap 2x. And so I think the main reason you don't see a lot of this is it's just like a bad idea, bro. It's a bad idea, and I don't know. I think you can make a lot of money tailing these these types of trades, but I I felt like Chris Camillo had the best take on this, which first of all, is anyone in this or has anyone bought a Serenity show before? You gotta give the guy credit. Motion is unparalleled right now. It's it's disgusting how much motion this guy has. So you gotta give you gotta give Serenity credit. The thing about it though, I think Chris Camillo has makes a good point. I asked him about this because I you know, I I asked him that he's always doing like social arbitrage about people online talking about products. But what about social arbitrage about people talking about tickers? And he basically was against it because the moves are so quick and happen so fast and are generally so short-lived on air that if you're not already positioned, you just chase it and you just get cooked every single time. You just get cooked. And I tend to agree, but I do think the era of like influencer coins or influencer stocks, it never gets smaller than it is right now. Serenity account is unbelievable motion. Yo, yo, yo. Hello, hello, Mr. Thread Guy, Mr. Nick Carter. It's an absolute pleasure, man. I appreciate you joining. Of course. What what should I call you? Um, call me Michael. We can be first name pieces.

SPEAKER_00 26:19

Okay, yeah, I you can do my didn't know your name until just now.

SPEAKER_04 26:22

Well, it's great to meet you, man, officially. By the way, congratulations on uh being received. Oh, yeah, thank you. Yeah, that was sick. That was cool to see. Also, I know you are, or at least you claim to be semi-retired from the podcast circuit. Yeah, but I've listened, I don't know, I've seen you on the buttons recently, so I don't know.

SPEAKER_00 26:39

I know it's a very active retirement now, but I I am. This is a very rare exception for me.

SPEAKER_04 26:45

So I'll tell you what, Nick, I'm honored. Also, it's a it's a funny day. Like I guess it's a special day that I wasn't planning on talking about robotics, but I I figure why not start there? I have the announcement up right here, RoboStrategy, which we've been talking about a bunch. Breaking Nick Carter has signed with Robostrategy as an independent director. So yeah, congratulations on that. What does that mean? And maybe give us like a super quick high level on like what you've been doing over the last couple months here.

SPEAKER_00 27:12

Yeah, so I'm somewhat limited in what I can say. Okay, uh, unfortunately, but as you might imagine, it's a you know, it's a public company, so it's the first public company I'm on the board of. Independent director just means I'm on the board. It's my job to, you know, be a second pair of eyes on management, make sure everything's happening in an orderly fashion. I'm on a lot of boards already. This is the first public one. This is the first one that doesn't have anything to do with Castle Island. Uh so but you know, in the course of my ordinary life, I'm on boards all the time. Reb with Strategy is a closed-end uh fund that holds stakes in robotics companies, uh, typically private. And uh, you know, they just listed, so it's a new entity. And uh the idea is uh it's simple, you know, it's uh ordinary retail investors can't really access private robotics firms at the moment. Uh I mean there are some public names, right? Tesla is doing a ton of robotics. So that's that's the concept. You know, I I've known the mechanism capital guys, Andrew King, Mark uh Weinstein, you know, really well for the last few years. And they asked me to join the board. And uh I thought it'd be a really fun new challenge, and you know, not a sector I've been that engaged in. I mean, I've dons of AI stuff, but not a lot of robotics stuff, so I thought it'd be a great learning opportunity. I'm not gonna claim to be robotics expert, you know, not my expertise, but uh you know, I th I thought it would be super fun. So here we go.

SPEAKER_04 28:38

What do you think about like okay, Kang obviously it's a huge platform, and people have been talking robotics, robotics, robotics for a while. There is there's now a way to get exposure, but generally speaking, there is not a very good way to get exposure to these things in public markets. What is your thought process on the general trend of companies just staying private forever and what happens to the evolution of that?

SPEAKER_00 29:00

I think it's really a huge shame, frankly. I mean, uh it really uh disadvantages retail investors. Yeah. You know, like companies used to go public early, yeah, like really early. Like some of the you know, biggest tech companies that exist now, they offered public investors thousandx upside after being public. So you know it just doesn't happen anymore. And I think it's because from a regulatory perspective, it's much harder to be public. It's you know, you're just exposed to much so much more litigation and harassment. Um, and it's just more expensive to be public, and so nobody wants to. And uh you get these horrible situations with, you know, like this these triple IPOs we have now, Anthropic, OpenI, and SpaceX. These are all multi-trillion, trillion plus.

SPEAKER_04 29:44

It's so cooked.

SPEAKER_00 29:45

All of the appreciation is baked in. So you know, the public is like a dumping ground for for for the for these names. It's really sad. And uh I don't think that's how you know securities markets should be. I mean, it's like I understand that there's a lot of late-stage private equity and private capital that's available for these companies, but it shouldn't be like that. So hopefully that changes, but I think we just have to make it easier to be public.

SPEAKER_04 30:12

I had this thought on it, which is like I haven't thought about that much, but because all of these companies are staying private for so long, public wants exposure, these SPV type of vehicles start getting really hot, Robostrategy-esque. There's been a lot of anthropic sort of holding companies that have got super popular, and then eventually retail's like, fuck that, I don't want to pay the you know, crazy MNAV premium on these SPVs. We're just gonna buy like pre-IPO perps on hyperliquid. It's a little bit like a step forward, and then because everything is trading pre-IPO on hyperliquid or one of these perp platforms, the companies are like, well, all right, let's just go public earlier.

SPEAKER_00 30:48

Yeah, that's that's an interesting idea. I mean, I I would caution people with regards to the tokenized equity, you know, make sure you know where you're buying, right? Of course. Like we saw what happened with the anthropic tokens that were had to like a big dislocation, right? Um, but I do like that trend, actually. I mean, it's like people like use financial inclusion as a buzzword, but like, yeah, these SPVs were a nightmare, like huge nightmare. You know what I mean? You know, triple layer SPVs, the fee structure means it's you're just not getting the appreciation, and it just creates this like shadowy broker world that's like hard to navigate and we'll get ripped off constantly. That's also that's only meant to be available for accredited, but no one checks. That's the truth of it, of course.

SPEAKER_04 31:30

Nobody checks out. That was always that never made a lot of sense for me, by the way. This accredited investor thing. It was always first proposed to me as this scary credential that you have to get, and then I don't know, I invested in something way back. I just like told him I was accredited, and it was like, okay.

SPEAKER_00 31:44

Yeah, I've made probably 50 angel investments, give or take, and maybe more actually, and I've had to prove that I was accredited once and self-attested the rest every other time. So it's like a dirty secret, but it kind of still keeps retail out because people are scared, they don't want to you know break the rules, which I'm not encouraging anyone to break the rules to be clear. But yeah, the system is like kind of corrupt and messed up and degenerating.

SPEAKER_04 32:10

I'm also not encouraged- I just folded under zero pressure right there, so I'm not encouraging anybody else as well. Um, but okay, I I want to ask you about we'll get to the quantum stuff. I want to ask you about some AGI stuff, AI stuff. But what are you spending most of your time doing right now? Like you have the fund, you're on the board of quite a few companies now. Like, what do you how much of your time is spent thinking about crypto versus thinking about quantum versus thinking about AI, AGI versus like some of these other things?

SPEAKER_00 32:35

Yeah, I mean it's it's you know, my day job is still crypto. You know, we're still very actively deploying Castle Island. So it's still, you know, most of my time is like stable coins. It's just maybe not the sexiest thing to write about. So that's you know, that's what I actually spend my time doing. And then, you know, in my free time, I I'm obsessed with AI, as I should hope everybody would be, you know, and not just like using AI and vibe coding like little things here and there, but like really pondering, you know, like where's the market go from here? Like what happens in to the broader economy? Like, are we in this permanent K-shaped AI world? Like, is the job apocalypse really happening? I mean, the this is these are the things that I spend time obsessing about. Uh, but yeah, I mean, you know, most of my time, like, you know, Monday through Friday is is crypto. I mean, people think there's like no crypto deals to go. That's not true. There's plenty of deals. You know, it's just that maybe it's not as exciting. It doesn't grip people's attention. And then quantum is a subset of crypto. So I I bucket quantum under crypto.

SPEAKER_04 33:37

So on the AI thing, like where, you know, where do you think it goes from here? You have this, you gotta have a uh interesting take on AGI existing right now. And Mark and Dreeson quotates you every day about it, which is fun to read. Can you like rehash that take a little bit, maybe from the perspective of where do you see the trend like going from here? How far we are into the J-curve, like escape velocity.

SPEAKER_00 34:00

Yeah, I think the reason people were unwilling to acknowledge that maybe AGI exists is because they thought that it would be this kind of seminal moment. Like these letters would flash in the sky, like AGI achieved, and then we would have superintelligence, and maybe in the bad case we would have like a malevolent superintelligence, or in the good case we would have the singularity. People thought that would follow from AGI because they read too much like rationalist science fiction, in my opinion. And then, in my opinion, we got AGI in December of last year. That's that's when I that's AGI date. So that happened.

SPEAKER_04 34:33

And what was the cross mode for you? It's like cloud code, yeah.

SPEAKER_00 34:37

Like just like better models. And if you look at the data around corporate adoption of AI, it just inflected specifically in the fall of last year, right? So I think that's AGI. You know, like basically this model is good enough to do most white-collar tasks, in my opinion. So we have AGI, we've had AGI, and the world is unchanged. And so I think people are disappointed by that. So they don't want to admit it. And then also I think people think AGI connotes that humans are like worthless now, or that like AGI means we have to imbue AI with morality or some kind of special moral status. I don't think that's true. I think we can just describe intelligence, these models, as yeah, it is generally intelligent across a huge variety of tasks without there being any moral deep philosophical consequences to that label. So that's my view. We have AGI, it's not that interesting that we have it, but I think it's appropriate to say we have it.

SPEAKER_04 35:32

Nick Carter, you're uh you're a fucking movie, dude. I'm happy you're out of retirement unofficially and you're back on the circuit because you're you're box office, man.

SPEAKER_00 35:39

Yeah, thanks for having me, man. Of course, dude.

SPEAKER_04 35:41

Thanks for doing. Have a good one, brother.

SPEAKER_00 35:42

Peace. Yeah, bye-bye.

SPEAKER_04 35:44

Um, that was cinema, huh?

SPEAKER_03 35:46

Rummy's on the stream. The mummak is so much for the morning for watching the YouTube Twitter, whatever I'm live on Twitch, number TV, someone the only place I reached every day. You do it, and I'm seeing the mumbo. I love you.