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The first is a moment, the closing bell on", "speaker_id": "Speaker 1", "words": [ { "start": 112.12, "end": 112.24, "word": " in", "probability": 0.99951171875 }, { "start": 112.24, "end": 112.38, "word": " your", "probability": 1.0 }, { "start": 112.38, "end": 112.6, "word": " head", "probability": 1.0 }, { "start": 112.6, "end": 112.8, "word": " for", "probability": 0.99951171875 }, { "start": 112.8, "end": 112.98, "word": " the", "probability": 1.0 }, { "start": 112.98, "end": 113.16, "word": " rest", "probability": 0.99365234375 }, { "start": 113.16, "end": 113.32, "word": " of", "probability": 1.0 }, { "start": 113.32, "end": 113.46, "word": " this", "probability": 0.9990234375 }, { "start": 113.46, "end": 113.7, "word": " video.", "probability": 1.0 }, { "start": 113.94, "end": 114.2, "word": " The", "probability": 1.0 }, { "start": 114.2, "end": 114.44, "word": " first", "probability": 1.0 }, { "start": 114.44, "end": 114.8, "word": " is", "probability": 1.0 }, { "start": 114.8, "end": 115.08, "word": " a", "probability": 1.0 }, { "start": 115.08, "end": 115.46, "word": " moment,", "probability": 1.0 }, { "start": 115.66, "end": 115.88, "word": " the", "probability": 0.99951171875 }, { "start": 115.88, "end": 116.14, "word": " closing", "probability": 1.0 }, { "start": 116.14, "end": 116.38, "word": " bell", "probability": 0.99951171875 }, { "start": 116.38, "end": 116.6, "word": " on", "probability": 1.0 } ] }, { "start": 116.6, "end": 121.1, "text": "November 30th. And the second is a number. 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And right now, it's sitting around", "speaker_id": "Speaker 1", "words": [ { "start": 121.1, "end": 121.28, "word": " of", "probability": 0.9990234375 }, { "start": 121.28, "end": 121.58, "word": " Bitcoin", "probability": 0.994140625 }, { "start": 121.58, "end": 121.78, "word": " on", "probability": 1.0 }, { "start": 121.78, "end": 122.04, "word": " earth", "probability": 0.55810546875 }, { "start": 122.04, "end": 122.6, "word": " keeps", "probability": 0.99951171875 }, { "start": 122.6, "end": 123.02, "word": " buying", "probability": 1.0 }, { "start": 123.02, "end": 123.44, "word": " through", "probability": 1.0 }, { "start": 123.44, "end": 123.6, "word": " all", "probability": 1.0 }, { "start": 123.6, "end": 123.74, "word": " of", "probability": 0.9970703125 }, { "start": 123.74, "end": 123.88, "word": " this.", "probability": 1.0 }, { "start": 124.04, "end": 124.38, "word": " And", "probability": 0.99853515625 }, { "start": 124.38, "end": 124.52, "word": " right", "probability": 1.0 }, { "start": 124.52, "end": 124.74, "word": " now,", "probability": 1.0 }, { "start": 124.88, "end": 125.0, "word": " it's", "probability": 1.0 }, { "start": 125.0, "end": 125.22, "word": " sitting", "probability": 1.0 }, { "start": 125.22, "end": 125.72, "word": " around", "probability": 1.0 } ] }, { "start": 125.72, "end": 130.88, "text": "one. We're coming back to both of those. So here's how we got here in the first place. 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That sounds like a crushing amount until you set it next to how much", "speaker_id": "Speaker 1", "words": [ { "start": 237.46, "end": 237.88, "word": ".8", "probability": 1.0 }, { "start": 237.88, "end": 238.24, "word": " billion", "probability": 1.0 }, { "start": 238.24, "end": 238.96, "word": " estimate.", "probability": 0.99755859375 }, { "start": 239.22, "end": 239.7, "word": " That", "probability": 1.0 }, { "start": 239.7, "end": 240.02, "word": " sounds", "probability": 1.0 }, { "start": 240.02, "end": 240.22, "word": " like", "probability": 1.0 }, { "start": 240.22, "end": 240.32, "word": " a", "probability": 0.99609375 }, { "start": 240.32, "end": 240.7, "word": " crushing", "probability": 0.998046875 }, { "start": 240.7, "end": 241.1, "word": " amount", "probability": 0.99951171875 }, { "start": 241.1, "end": 241.76, "word": " until", "probability": 0.990234375 }, { "start": 241.76, "end": 241.96, "word": " you", "probability": 1.0 }, { "start": 241.96, "end": 242.18, "word": " set", "probability": 0.9990234375 }, { "start": 242.18, "end": 242.28, "word": " it", "probability": 1.0 }, { "start": 242.28, "end": 242.48, "word": " next", "probability": 0.9990234375 }, { "start": 242.48, "end": 242.66, "word": " to", "probability": 1.0 }, { "start": 242.66, "end": 242.8, "word": " how", "probability": 0.99951171875 }, { "start": 242.8, "end": 242.98, "word": " much", "probability": 1.0 } ] }, { "start": 242.98, "end": 247.44, "text": "of this stock actually trades. Take a look at this chart. 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Every trader on Wall", "speaker_id": "Speaker 1", "words": [ { "start": 279.92, "end": 280.54, "word": " most", "probability": 1.0 }, { "start": 280.54, "end": 280.72, "word": " of", "probability": 1.0 }, { "start": 280.72, "end": 280.92, "word": " that", "probability": 0.9990234375 }, { "start": 280.92, "end": 281.18, "word": " $2", "probability": 0.971435546875 }, { "start": 281.18, "end": 281.54, "word": ".8", "probability": 0.999267578125 }, { "start": 281.54, "end": 281.88, "word": " billion", "probability": 0.99951171875 }, { "start": 281.88, "end": 282.92, "word": " hits", "probability": 0.99853515625 }, { "start": 282.92, "end": 283.24, "word": " in", "probability": 1.0 }, { "start": 283.24, "end": 283.38, "word": " a", "probability": 1.0 }, { "start": 283.38, "end": 283.74, "word": " single", "probability": 1.0 }, { "start": 283.74, "end": 284.06, "word": " day", "probability": 1.0 }, { "start": 284.06, "end": 284.36, "word": " on", "probability": 0.99951171875 }, { "start": 284.36, "end": 284.58, "word": " November", "probability": 0.9951171875 }, { "start": 284.58, "end": 285.1, "word": " 30th.", "probability": 0.99365234375 }, { "start": 285.32, "end": 285.74, "word": " Every", "probability": 0.99951171875 }, { "start": 285.74, "end": 285.94, "word": " trader", "probability": 0.99951171875 }, { "start": 285.94, "end": 286.12, "word": " on", "probability": 1.0 }, { "start": 286.12, "end": 286.28, "word": " Wall", "probability": 0.99951171875 } ] }, { "start": 286.28, "end": 291.28, "text": "Street knows the date and roughly the size, so they get there first. 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Strategy closed down 9 .5 % at $136 .72, its ugliest day in months.", "speaker_id": "Speaker 1", "words": [ { "start": 309.96, "end": 310.24, "word": " on", "probability": 1.0 }, { "start": 310.24, "end": 310.62, "word": " Friday.", "probability": 0.99951171875 }, { "start": 310.8, "end": 311.06, "word": " Strategy", "probability": 0.9775390625 }, { "start": 311.06, "end": 311.46, "word": " closed", "probability": 0.9990234375 }, { "start": 311.46, "end": 311.7, "word": " down", "probability": 1.0 }, { "start": 311.7, "end": 311.94, "word": " 9", "probability": 0.9267578125 }, { "start": 311.94, "end": 312.24, "word": ".5", "probability": 0.998291015625 }, { "start": 312.24, "end": 312.56, "word": "%", "probability": 0.98193359375 }, { "start": 312.56, "end": 312.86, "word": " at", "probability": 0.99951171875 }, { "start": 312.86, "end": 313.52, "word": " $136", "probability": 0.9978841145833334 }, { "start": 313.52, "end": 314.3, "word": ".72,", "probability": 0.9990234375 }, { "start": 314.72, "end": 315.02, "word": " its", "probability": 0.9912109375 }, { "start": 315.02, "end": 315.6, "word": " ugliest", "probability": 0.999755859375 }, { "start": 315.6, "end": 316.06, "word": " day", "probability": 1.0 }, { "start": 316.06, "end": 316.46, "word": " in", "probability": 0.9873046875 }, { "start": 316.46, "end": 316.72, "word": " months.", "probability": 0.9970703125 } ] }, { "start": 316.96, "end": 320.8, "text": "Now, look at what Bitcoin did on the exact same day, and it'll tell you everything you need", "speaker_id": "Speaker 1", "words": [ { "start": 316.96, "end": 317.52, "word": " Now,", "probability": 0.99853515625 }, { "start": 317.66, "end": 317.84, "word": " look", "probability": 1.0 }, { "start": 317.84, "end": 317.92, "word": " at", "probability": 1.0 }, { "start": 317.92, "end": 318.02, "word": " what", "probability": 1.0 }, { "start": 318.02, "end": 318.32, "word": " Bitcoin", "probability": 0.994140625 }, { "start": 318.32, "end": 318.58, "word": " did", "probability": 1.0 }, { "start": 318.58, "end": 318.74, "word": " on", "probability": 1.0 }, { "start": 318.74, "end": 318.84, "word": " the", "probability": 1.0 }, { "start": 318.84, "end": 319.1, "word": " exact", "probability": 0.99951171875 }, { "start": 319.1, "end": 319.32, "word": " same", "probability": 1.0 }, { "start": 319.32, "end": 319.48, "word": " day,", "probability": 1.0 }, { "start": 319.56, "end": 319.62, "word": " and", "probability": 0.99853515625 }, { "start": 319.62, "end": 319.8, "word": " it'll", "probability": 0.9990234375 }, { "start": 319.8, "end": 320.16, "word": " tell", "probability": 1.0 }, { "start": 320.16, "end": 320.26, "word": " you", "probability": 1.0 }, { "start": 320.26, "end": 320.54, "word": " everything", "probability": 1.0 }, { "start": 320.54, "end": 320.68, "word": " you", "probability": 0.99951171875 }, { "start": 320.68, "end": 320.8, "word": " need", "probability": 1.0 } ] }, { "start": 320.8, "end": 325.64, "text": "to know about whether or not this actually matters for Bitcoin. 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It never broke $80 ,000, and it's held there all weekend. 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For reference, that's better than", "speaker_id": "Speaker 1", "words": [ { "start": 341.88, "end": 342.18, "word": " stocks", "probability": 0.99951171875 }, { "start": 342.18, "end": 342.36, "word": " are", "probability": 1.0 }, { "start": 342.36, "end": 342.52, "word": " down", "probability": 1.0 }, { "start": 342.52, "end": 342.8, "word": " almost", "probability": 1.0 }, { "start": 342.8, "end": 343.68, "word": " 14%,", "probability": 0.9990234375 }, { "start": 343.68, "end": 344.26, "word": " and", "probability": 1.0 }, { "start": 344.26, "end": 344.5, "word": " Bitcoin", "probability": 0.97705078125 }, { "start": 344.5, "end": 344.76, "word": " is", "probability": 1.0 }, { "start": 344.76, "end": 344.98, "word": " down", "probability": 1.0 }, { "start": 344.98, "end": 345.3, "word": " just", "probability": 0.9990234375 }, { "start": 345.3, "end": 346.16, "word": " 4%.", "probability": 0.9990234375 }, { "start": 346.16, "end": 346.7, "word": " For", "probability": 1.0 }, { "start": 346.7, "end": 346.94, "word": " reference,", "probability": 1.0 }, { "start": 347.24, "end": 347.48, "word": " that's", "probability": 1.0 }, { "start": 347.48, "end": 347.82, "word": " better", "probability": 1.0 }, { "start": 347.82, "end": 348.06, "word": " than", "probability": 0.9990234375 } ] }, { "start": 348.06, "end": 352.98, "text": "the NASDAQ and the S &P 500. 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I can", "speaker_id": "Speaker 1", "words": [ { "start": 357.88, "end": 358.56, "word": " basically", "probability": 0.9990234375 }, { "start": 358.56, "end": 359.02, "word": " everything", "probability": 1.0 }, { "start": 359.02, "end": 359.36, "word": " around", "probability": 1.0 }, { "start": 359.36, "end": 359.52, "word": " it", "probability": 1.0 }, { "start": 359.52, "end": 359.64, "word": " that", "probability": 0.99365234375 }, { "start": 359.64, "end": 359.78, "word": " it's", "probability": 0.99951171875 }, { "start": 359.78, "end": 360.0, "word": " supposed", "probability": 1.0 }, { "start": 360.0, "end": 360.16, "word": " to", "probability": 1.0 }, { "start": 360.16, "end": 360.26, "word": " be", "probability": 1.0 }, { "start": 360.26, "end": 360.68, "word": " correlated", "probability": 0.99951171875 }, { "start": 360.68, "end": 361.0, "word": " to", "probability": 1.0 }, { "start": 361.0, "end": 361.62, "word": " is", "probability": 0.99951171875 }, { "start": 361.62, "end": 361.84, "word": " blowing", "probability": 0.9990234375 }, { "start": 361.84, "end": 362.04, "word": " up.", "probability": 0.99853515625 }, { "start": 362.48, "end": 362.72, "word": " I", "probability": 0.7607421875 }, { "start": 362.72, "end": 362.84, "word": " can", "probability": 0.9931640625 } ] }, { "start": 362.84, "end": 366.2, "text": "already hear the comments, wait a minute, Joe, billions of dollars are for selling and", "speaker_id": "Speaker 1", "words": [ { "start": 362.84, "end": 362.98, "word": " already", "probability": 0.99853515625 }, { "start": 362.98, "end": 363.14, "word": " hear", "probability": 1.0 }, { "start": 363.14, "end": 363.24, "word": " the", "probability": 0.98974609375 }, { "start": 363.24, "end": 363.54, "word": " comments,", "probability": 0.99951171875 }, { "start": 363.78, "end": 363.94, "word": " wait", "probability": 0.9775390625 }, { "start": 363.94, "end": 364.04, "word": " a", "probability": 1.0 }, { "start": 364.04, "end": 364.16, "word": " minute,", "probability": 1.0 }, { "start": 364.24, "end": 364.42, "word": " Joe,", "probability": 0.98388671875 }, { "start": 364.74, "end": 364.96, "word": " billions", "probability": 0.99951171875 }, { "start": 364.96, "end": 365.1, "word": " of", "probability": 1.0 }, { "start": 365.1, "end": 365.36, "word": " dollars", "probability": 1.0 }, { "start": 365.36, "end": 365.54, "word": " are", "probability": 0.94921875 }, { "start": 365.54, "end": 365.68, "word": " for", "probability": 0.7255859375 }, { "start": 365.68, "end": 366.04, "word": " selling", "probability": 0.97119140625 }, { "start": 366.04, "end": 366.2, "word": " and", "probability": 0.9140625 } ] }, { "start": 366.2, "end": 371.68, "text": "Bitcoin is supposed to shrug that off. Well, here's why it can. Not just the price data", "speaker_id": "Speaker 1", "words": [ { "start": 366.2, "end": 366.46, "word": " Bitcoin", "probability": 0.97314453125 }, { "start": 366.46, "end": 366.7, "word": " is", "probability": 1.0 }, { "start": 366.7, "end": 366.98, "word": " supposed", "probability": 1.0 }, { "start": 366.98, "end": 367.24, "word": " to", "probability": 1.0 }, { "start": 367.24, "end": 367.54, "word": " shrug", "probability": 0.999755859375 }, { "start": 367.54, "end": 367.7, "word": " that", "probability": 1.0 }, { "start": 367.7, "end": 368.0, "word": " off.", "probability": 1.0 }, { "start": 368.32, "end": 368.54, "word": " Well,", "probability": 0.970703125 }, { "start": 368.64, "end": 368.96, "word": " here's", "probability": 1.0 }, { "start": 368.96, "end": 369.2, "word": " why", "probability": 1.0 }, { "start": 369.2, "end": 369.52, "word": " it", "probability": 1.0 }, { "start": 369.52, "end": 369.86, "word": " can.", "probability": 1.0 }, { "start": 370.1, "end": 370.32, "word": " Not", "probability": 0.9990234375 }, { "start": 370.32, "end": 370.64, "word": " just", "probability": 0.97705078125 }, { "start": 370.64, "end": 370.82, "word": " the", "probability": 1.0 }, { "start": 370.82, "end": 371.24, "word": " price", "probability": 1.0 }, { "start": 371.24, "end": 371.68, "word": " data", "probability": 1.0 } ] }, { "start": 371.68, "end": 376.94, "text": "that I showed you a moment ago, but when index funds sell strategies stock, not one Bitcoin", "speaker_id": "Speaker 1", "words": [ { "start": 371.68, "end": 371.84, "word": " that", "probability": 0.99755859375 }, { "start": 371.84, "end": 371.92, "word": " I", "probability": 1.0 }, { "start": 371.92, "end": 372.12, "word": " showed", "probability": 1.0 }, { "start": 372.12, "end": 372.24, "word": " you", "probability": 1.0 }, { "start": 372.24, "end": 372.36, "word": " a", "probability": 1.0 }, { "start": 372.36, "end": 372.5, "word": " moment", "probability": 0.99951171875 }, { "start": 372.5, "end": 372.76, "word": " ago,", "probability": 1.0 }, { "start": 372.86, "end": 373.24, "word": " but", "probability": 1.0 }, { "start": 373.24, "end": 373.6, "word": " when", "probability": 1.0 }, { "start": 373.6, "end": 373.92, "word": " index", "probability": 0.990234375 }, { "start": 373.92, "end": 374.22, "word": " funds", "probability": 1.0 }, { "start": 374.22, "end": 374.68, "word": " sell", "probability": 0.99951171875 }, { "start": 374.68, "end": 375.24, "word": " strategies", "probability": 0.8154296875 }, { "start": 375.24, "end": 375.7, "word": " stock,", "probability": 0.9873046875 }, { "start": 376.08, "end": 376.32, "word": " not", "probability": 1.0 }, { "start": 376.32, "end": 376.58, "word": " one", "probability": 0.9951171875 }, { "start": 376.58, "end": 376.94, "word": " Bitcoin", "probability": 0.99755859375 } ] }, { "start": 376.94, "end": 381.8, "text": "gets sold. The funds just sell shares to other buyers of shares. Think about it like a", "speaker_id": "Speaker 1", "words": [ { "start": 376.94, "end": 377.34, "word": " gets", "probability": 0.99267578125 }, { "start": 377.34, "end": 377.56, "word": " sold.", "probability": 0.99951171875 }, { "start": 378.04, "end": 378.28, "word": " The", "probability": 1.0 }, { "start": 378.28, "end": 378.5, "word": " funds", "probability": 0.99951171875 }, { "start": 378.5, "end": 378.72, "word": " just", "probability": 1.0 }, { "start": 378.72, "end": 379.0, "word": " sell", "probability": 0.9931640625 }, { "start": 379.0, "end": 379.44, "word": " shares", "probability": 1.0 }, { "start": 379.44, "end": 379.7, "word": " to", "probability": 1.0 }, { "start": 379.7, "end": 379.94, "word": " other", "probability": 0.99951171875 }, { "start": 379.94, "end": 380.38, "word": " buyers", "probability": 1.0 }, { "start": 380.38, "end": 380.8, "word": " of", "probability": 0.99951171875 }, { "start": 380.8, "end": 381.06, "word": " shares.", "probability": 1.0 }, { "start": 381.2, "end": 381.28, "word": " Think", "probability": 0.99951171875 }, { "start": 381.28, "end": 381.44, "word": " about", "probability": 1.0 }, { "start": 381.44, "end": 381.54, "word": " it", "probability": 1.0 }, { "start": 381.54, "end": 381.68, "word": " like", "probability": 1.0 }, { "start": 381.68, "end": 381.8, "word": " a", "probability": 1.0 } ] }, { "start": 381.8, "end": 386.48, "text": "house getting sold. The deed changes hands, but the house doesn't move an inch. You don't", "speaker_id": "Speaker 1", "words": [ { "start": 381.8, "end": 382.0, "word": " house", "probability": 0.99951171875 }, { "start": 382.0, "end": 382.18, "word": " getting", "probability": 1.0 }, { "start": 382.18, "end": 382.44, "word": " sold.", "probability": 1.0 }, { "start": 382.66, "end": 383.08, "word": " The", "probability": 0.99951171875 }, { "start": 383.08, "end": 383.28, "word": " deed", "probability": 0.99560546875 }, { "start": 383.28, "end": 383.7, "word": " changes", "probability": 0.99951171875 }, { "start": 383.7, "end": 384.08, "word": " hands,", "probability": 0.99951171875 }, { "start": 384.28, "end": 384.34, "word": " but", "probability": 0.99951171875 }, { "start": 384.34, "end": 384.44, "word": " the", "probability": 1.0 }, { "start": 384.44, "end": 384.76, "word": " house", "probability": 0.99951171875 }, { "start": 384.76, "end": 385.26, "word": " doesn't", "probability": 1.0 }, { "start": 385.26, "end": 385.58, "word": " move", "probability": 1.0 }, { "start": 385.58, "end": 385.72, "word": " an", "probability": 0.99951171875 }, { "start": 385.72, "end": 385.98, "word": " inch.", "probability": 1.0 }, { "start": 386.08, "end": 386.1, "word": " You", "probability": 0.99853515625 }, { "start": 386.1, "end": 386.48, "word": " don't", "probability": 1.0 } ] }, { "start": 386.48, "end": 391.46, "text": "pick it up and move it somewhere else. Strategy is roughly 850 ,000 Bitcoin, worth about", "speaker_id": "Speaker 1", "words": [ { "start": 386.48, "end": 386.72, "word": " pick", "probability": 0.998046875 }, { "start": 386.72, "end": 386.84, "word": " it", "probability": 1.0 }, { "start": 386.84, "end": 387.02, "word": " up", "probability": 0.98388671875 }, { "start": 387.02, "end": 387.16, "word": " and", "probability": 0.99267578125 }, { "start": 387.16, "end": 387.38, "word": " move", "probability": 0.99951171875 }, { "start": 387.38, "end": 387.48, "word": " it", "probability": 0.99951171875 }, { "start": 387.48, "end": 387.64, "word": " somewhere", "probability": 0.9990234375 }, { "start": 387.64, "end": 387.88, "word": " else.", "probability": 1.0 }, { "start": 388.36, "end": 388.66, "word": " Strategy", "probability": 0.91552734375 }, { "start": 388.66, "end": 388.9, "word": " is", "probability": 0.98974609375 }, { "start": 388.9, "end": 389.18, "word": " roughly", "probability": 0.99951171875 }, { "start": 389.18, "end": 389.94, "word": " 850", "probability": 0.9482421875 }, { "start": 389.94, "end": 390.54, "word": ",000", "probability": 0.99462890625 }, { "start": 390.54, "end": 390.82, "word": " Bitcoin,", "probability": 0.91455078125 }, { "start": 391.14, "end": 391.26, "word": " worth", "probability": 1.0 }, { "start": 391.26, "end": 391.46, "word": " about", "probability": 0.99951171875 } ] }, { "start": 391.46, "end": 397.08, "text": "$69 billion to stay right on its balance sheet. But there's one place that this can hurt", "speaker_id": "Speaker 1", "words": [ { "start": 391.46, "end": 391.84, "word": " $69", "probability": 0.950927734375 }, { "start": 391.84, "end": 392.16, "word": " billion", "probability": 0.9951171875 }, { "start": 392.16, "end": 392.86, "word": " to", "probability": 0.4970703125 }, { "start": 392.86, "end": 393.04, "word": " stay", "probability": 0.9990234375 }, { "start": 393.04, "end": 393.36, "word": " right", "probability": 0.9990234375 }, { "start": 393.36, "end": 393.64, "word": " on", "probability": 1.0 }, { "start": 393.64, "end": 393.8, "word": " its", "probability": 0.99658203125 }, { "start": 393.8, "end": 394.08, "word": " balance", "probability": 0.9990234375 }, { "start": 394.08, "end": 394.28, "word": " sheet.", "probability": 0.9970703125 }, { "start": 394.5, "end": 394.94, "word": " But", "probability": 0.99951171875 }, { "start": 394.94, "end": 395.38, "word": " there's", "probability": 0.9951171875 }, { "start": 395.38, "end": 395.58, "word": " one", "probability": 1.0 }, { "start": 395.58, "end": 395.86, "word": " place", "probability": 1.0 }, { "start": 395.86, "end": 396.04, "word": " that", "probability": 0.9970703125 }, { "start": 396.04, "end": 396.22, "word": " this", "probability": 0.9990234375 }, { "start": 396.22, "end": 396.62, "word": " can", "probability": 0.998046875 }, { "start": 396.62, "end": 397.08, "word": " hurt", "probability": 1.0 } ] }, { "start": 397.08, "end": 401.06, "text": "Bitcoin, and it's that number that I told you to hold on to at the beginning. Strategy buys", "speaker_id": "Speaker 1", "words": [ { "start": 397.08, "end": 397.48, "word": " Bitcoin,", "probability": 1.0 }, { "start": 397.64, "end": 397.7, "word": " and", "probability": 0.99951171875 }, { "start": 397.7, "end": 398.1, "word": " it's", "probability": 1.0 }, { "start": 398.1, "end": 398.22, "word": " that", "probability": 0.99951171875 }, { "start": 398.22, "end": 398.44, "word": " number", "probability": 0.99755859375 }, { "start": 398.44, "end": 398.62, "word": " that", "probability": 0.99169921875 }, { "start": 398.62, "end": 398.7, "word": " I", "probability": 0.99951171875 }, { "start": 398.7, "end": 398.82, "word": " told", "probability": 0.99951171875 }, { "start": 398.82, "end": 398.92, "word": " you", "probability": 1.0 }, { "start": 398.92, "end": 399.02, "word": " to", "probability": 0.99951171875 }, { "start": 399.02, "end": 399.14, "word": " hold", "probability": 0.9990234375 }, { "start": 399.14, "end": 399.3, "word": " on", "probability": 0.861328125 }, { "start": 399.3, "end": 399.44, "word": " to", "probability": 0.98876953125 }, { "start": 399.44, "end": 399.56, "word": " at", "probability": 0.99951171875 }, { "start": 399.56, "end": 399.64, "word": " the", "probability": 1.0 }, { "start": 399.64, "end": 399.86, "word": " beginning.", "probability": 0.99951171875 }, { "start": 400.3, "end": 400.74, "word": " Strategy", "probability": 0.99853515625 }, { "start": 400.74, "end": 401.06, "word": " buys", "probability": 0.99951171875 } ] }, { "start": 401.06, "end": 406.04, "text": "Bitcoin by selling new stock and a dividend -paying share called STRC, and then it turns", "speaker_id": "Speaker 1", "words": [ { "start": 401.06, "end": 401.4, "word": " Bitcoin", "probability": 1.0 }, { "start": 401.4, "end": 401.6, "word": " by", "probability": 1.0 }, { "start": 401.6, "end": 401.88, "word": " selling", "probability": 1.0 }, { "start": 401.88, "end": 402.08, "word": " new", "probability": 0.99462890625 }, { "start": 402.08, "end": 402.42, "word": " stock", "probability": 0.9990234375 }, { "start": 402.42, "end": 402.76, "word": " and", "probability": 0.98291015625 }, { "start": 402.76, "end": 402.92, "word": " a", "probability": 0.97802734375 }, { "start": 402.92, "end": 403.1, "word": " dividend", "probability": 0.998046875 }, { "start": 403.1, "end": 403.52, "word": "-paying", "probability": 0.91943359375 }, { "start": 403.52, "end": 403.8, "word": " share", "probability": 0.99951171875 }, { "start": 403.8, "end": 404.12, "word": " called", "probability": 0.99755859375 }, { "start": 404.12, "end": 405.0, "word": " STRC,", "probability": 0.96923828125 }, { "start": 405.14, "end": 405.52, "word": " and", "probability": 1.0 }, { "start": 405.52, "end": 405.68, "word": " then", "probability": 1.0 }, { "start": 405.68, "end": 405.82, "word": " it", "probability": 0.9990234375 }, { "start": 405.82, "end": 406.04, "word": " turns", "probability": 0.99951171875 } ] }, { "start": 406.04, "end": 410.96, "text": "that cash into new Bitcoin purchases. Well, that only works well when the stock trades for", "speaker_id": "Speaker 1", "words": [ { "start": 406.04, "end": 406.22, "word": " that", "probability": 0.99951171875 }, { "start": 406.22, "end": 406.6, "word": " cash", "probability": 0.98876953125 }, { "start": 406.6, "end": 406.92, "word": " into", "probability": 1.0 }, { "start": 406.92, "end": 407.34, "word": " new", "probability": 0.99951171875 }, { "start": 407.34, "end": 407.74, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 407.74, "end": 408.18, "word": " purchases.", "probability": 0.99951171875 }, { "start": 408.46, "end": 408.88, "word": " Well,", "probability": 0.98974609375 }, { "start": 409.0, "end": 409.16, "word": " that", "probability": 1.0 }, { "start": 409.16, "end": 409.32, "word": " only", "probability": 1.0 }, { "start": 409.32, "end": 409.6, "word": " works", "probability": 1.0 }, { "start": 409.6, "end": 409.9, "word": " well", "probability": 0.99951171875 }, { "start": 409.9, "end": 410.12, "word": " when", "probability": 1.0 }, { "start": 410.12, "end": 410.24, "word": " the", "probability": 0.9990234375 }, { "start": 410.24, "end": 410.46, "word": " stock", "probability": 0.99755859375 }, { "start": 410.46, "end": 410.8, "word": " trades", "probability": 0.99951171875 }, { "start": 410.8, "end": 410.96, "word": " for", "probability": 0.99951171875 } ] }, { "start": 410.96, "end": 416.0, "text": "more than the Bitcoin behind it. The number for that is called MNAV, or the ratio of the", "speaker_id": "Speaker 1", "words": [ { "start": 410.96, "end": 411.2, "word": " more", "probability": 1.0 }, { "start": 411.2, "end": 411.38, "word": " than", "probability": 1.0 }, { "start": 411.38, "end": 411.48, "word": " the", "probability": 0.998046875 }, { "start": 411.48, "end": 411.8, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 411.8, "end": 412.14, "word": " behind", "probability": 0.99951171875 }, { "start": 412.14, "end": 412.34, "word": " it.", "probability": 0.9990234375 }, { "start": 412.54, "end": 412.88, "word": " The", "probability": 0.99951171875 }, { "start": 412.88, "end": 413.08, "word": " number", "probability": 0.99951171875 }, { "start": 413.08, "end": 413.32, "word": " for", "probability": 0.99951171875 }, { "start": 413.32, "end": 413.5, "word": " that", "probability": 0.9296875 }, { "start": 413.5, "end": 413.66, "word": " is", "probability": 0.99609375 }, { "start": 413.66, "end": 413.98, "word": " called", "probability": 0.98974609375 }, { "start": 413.98, "end": 414.68, "word": " MNAV,", "probability": 0.9013671875 }, { "start": 414.82, "end": 414.9, "word": " or", "probability": 0.9990234375 }, { "start": 414.9, "end": 415.28, "word": " the", "probability": 0.9951171875 }, { "start": 415.28, "end": 415.64, "word": " ratio", "probability": 0.98583984375 }, { "start": 415.64, "end": 415.86, "word": " of", "probability": 1.0 }, { "start": 415.86, "end": 416.0, "word": " the", "probability": 0.99609375 } ] }, { "start": 416.0, "end": 420.84, "text": "market value to the net asset value, which is basically the stock's price compared with the", "speaker_id": "Speaker 1", "words": [ { "start": 416.0, "end": 416.34, "word": " market", "probability": 0.99853515625 }, { "start": 416.34, "end": 416.8, "word": " value", "probability": 1.0 }, { "start": 416.8, "end": 417.14, "word": " to", "probability": 1.0 }, { "start": 417.14, "end": 417.46, "word": " the", "probability": 0.9970703125 }, { "start": 417.46, "end": 417.7, "word": " net", "probability": 0.99853515625 }, { "start": 417.7, "end": 418.1, "word": " asset", "probability": 0.99951171875 }, { "start": 418.1, "end": 418.46, "word": " value,", "probability": 1.0 }, { "start": 418.66, "end": 418.9, "word": " which", "probability": 0.99951171875 }, { "start": 418.9, "end": 419.0, "word": " is", "probability": 1.0 }, { "start": 419.0, "end": 419.32, "word": " basically", "probability": 0.998046875 }, { "start": 419.32, "end": 419.52, "word": " the", "probability": 1.0 }, { "start": 419.52, "end": 419.84, "word": " stock's", "probability": 0.989501953125 }, { "start": 419.84, "end": 420.04, "word": " price", "probability": 0.99853515625 }, { "start": 420.04, "end": 420.44, "word": " compared", "probability": 0.99951171875 }, { "start": 420.44, "end": 420.7, "word": " with", "probability": 0.99072265625 }, { "start": 420.7, "end": 420.84, "word": " the", "probability": 0.9951171875 } ] }, { "start": 420.84, "end": 426.38, "text": "Bitcoin the company actually owns. 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And at 1, the machine stalls. 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So", "speaker_id": "Speaker 1", "words": [ { "start": 431.64, "end": 432.0, "word": " right", "probability": 0.99853515625 }, { "start": 432.0, "end": 432.3, "word": " around", "probability": 1.0 }, { "start": 432.3, "end": 432.66, "word": " 1,", "probability": 0.99658203125 }, { "start": 432.8, "end": 432.9, "word": " and", "probability": 0.99853515625 }, { "start": 432.9, "end": 433.06, "word": " $2", "probability": 0.941162109375 }, { "start": 433.06, "end": 433.34, "word": ".8", "probability": 0.99951171875 }, { "start": 433.34, "end": 433.56, "word": " billion", "probability": 0.9990234375 }, { "start": 433.56, "end": 434.02, "word": " of", "probability": 0.69091796875 }, { "start": 434.02, "end": 434.16, "word": " force", "probability": 0.386474609375 }, { "start": 434.16, "end": 434.5, "word": " selling", "probability": 0.93701171875 }, { "start": 434.5, "end": 434.74, "word": " makes", "probability": 1.0 }, { "start": 434.74, "end": 434.88, "word": " it", "probability": 1.0 }, { "start": 434.88, "end": 435.14, "word": " harder", "probability": 0.99951171875 }, { "start": 435.14, "end": 435.32, "word": " to", "probability": 1.0 }, { "start": 435.32, "end": 435.52, "word": " push", "probability": 0.99951171875 }, { "start": 435.52, "end": 435.78, "word": " back", "probability": 0.998046875 }, { "start": 435.78, "end": 436.16, "word": " above.", "probability": 0.99951171875 }, { "start": 436.38, "end": 436.86, "word": " So", "probability": 0.99853515625 } ] }, { "start": 436.86, "end": 442.2, "text": "for a stretch, the single biggest corporate buyer of Bitcoin on Earth could buy less. 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So to say this differently, a rule changed, so a computer is being", "speaker_id": "Speaker 1", "words": [ { "start": 502.68, "end": 503.36, "word": " 137", "probability": 0.99951171875 }, { "start": 503.36, "end": 503.56, "word": "%", "probability": 1.0 }, { "start": 503.56, "end": 504.0, "word": " for", "probability": 1.0 }, { "start": 504.0, "end": 504.08, "word": " the", "probability": 0.99951171875 }, { "start": 504.08, "end": 504.46, "word": " NASDAQ.", "probability": 0.8626302083333334 }, { "start": 504.64, "end": 504.96, "word": " So", "probability": 0.9912109375 }, { "start": 504.96, "end": 505.18, "word": " to", "probability": 0.83740234375 }, { "start": 505.18, "end": 505.4, "word": " say", "probability": 1.0 }, { "start": 505.4, "end": 505.62, "word": " this", "probability": 1.0 }, { "start": 505.62, "end": 506.0, "word": " differently,", "probability": 1.0 }, { "start": 506.3, "end": 506.52, "word": " a", "probability": 1.0 }, { "start": 506.52, "end": 506.74, "word": " rule", "probability": 1.0 }, { "start": 506.74, "end": 507.22, "word": " changed,", "probability": 0.99951171875 }, { "start": 507.22, "end": 507.6, "word": " so", "probability": 0.9990234375 }, { "start": 507.6, "end": 507.8, "word": " a", "probability": 1.0 }, { "start": 507.8, "end": 508.18, "word": " computer", "probability": 0.99951171875 }, { "start": 508.18, "end": 508.52, "word": " is", "probability": 1.0 }, { "start": 508.52, "end": 508.68, "word": " being", "probability": 0.9990234375 } ] }, { "start": 508.68, "end": 514.66, "text": "forced to sell. 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In a Bank of", "speaker_id": "Speaker 1", "words": [ { "start": 555.62, "end": 555.7, "word": " it", "probability": 0.9990234375 }, { "start": 555.7, "end": 555.8, "word": " has", "probability": 0.98876953125 }, { "start": 555.8, "end": 555.96, "word": " more", "probability": 1.0 }, { "start": 555.96, "end": 556.1, "word": " than", "probability": 1.0 }, { "start": 556.1, "end": 556.54, "word": " 50", "probability": 0.99072265625 }, { "start": 556.54, "end": 557.04, "word": " million", "probability": 1.0 }, { "start": 557.04, "end": 557.48, "word": " brokerage", "probability": 0.99951171875 }, { "start": 557.48, "end": 557.86, "word": " customers", "probability": 1.0 }, { "start": 557.86, "end": 558.06, "word": " and", "probability": 0.98779296875 }, { "start": 558.06, "end": 558.5, "word": " over", "probability": 1.0 }, { "start": 558.5, "end": 558.8, "word": " $11", "probability": 0.9912109375 }, { "start": 558.8, "end": 559.08, "word": " trillion.", "probability": 0.99951171875 }, { "start": 559.52, "end": 559.94, "word": " In", "probability": 0.98095703125 }, { "start": 559.94, "end": 560.02, "word": " a", "probability": 0.99609375 }, { "start": 560.02, "end": 560.16, "word": " Bank", "probability": 0.986328125 }, { "start": 560.16, "end": 560.26, "word": " of", "probability": 1.0 } ] }, { "start": 560.26, "end": 565.72, "text": "America's Merrill, advisors can now recommend putting 1 % to 4 % of a client's portfolio in", "speaker_id": "Speaker 1", "words": [ { "start": 560.26, "end": 560.68, "word": " America's", "probability": 0.9990234375 }, { "start": 560.68, "end": 561.0, "word": " Merrill,", "probability": 0.762939453125 }, { "start": 561.2, "end": 561.52, "word": " advisors", "probability": 0.994140625 }, { "start": 561.52, "end": 561.78, "word": " can", "probability": 1.0 }, { "start": 561.78, "end": 561.94, "word": " now", "probability": 1.0 }, { "start": 561.94, "end": 562.34, "word": " recommend", "probability": 1.0 }, { "start": 562.34, "end": 562.6, "word": " putting", "probability": 1.0 }, { "start": 562.6, "end": 563.0, "word": " 1", "probability": 0.99853515625 }, { "start": 563.0, "end": 563.3, "word": "%", "probability": 0.998046875 }, { "start": 563.3, "end": 563.58, "word": " to", "probability": 0.9970703125 }, { "start": 563.58, "end": 563.8, "word": " 4", "probability": 1.0 }, { "start": 563.8, "end": 564.1, "word": "%", "probability": 1.0 }, { "start": 564.1, "end": 564.3, "word": " of", "probability": 1.0 }, { "start": 564.3, "end": 564.38, "word": " a", "probability": 1.0 }, { "start": 564.38, "end": 564.66, "word": " client's", "probability": 1.0 }, { "start": 564.66, "end": 565.1, "word": " portfolio", "probability": 0.99951171875 }, { "start": 565.1, "end": 565.72, "word": " in", "probability": 0.9990234375 } ] }, { "start": 565.72, "end": 570.44, "text": "Bitcoin, retirement accounts included, with no minimum net worth. If you just put Schwamm", "speaker_id": "Speaker 1", "words": [ { "start": 565.72, "end": 566.02, "word": " Bitcoin,", "probability": 1.0 }, { "start": 566.3, "end": 566.56, "word": " retirement", "probability": 0.9990234375 }, { "start": 566.56, "end": 566.9, "word": " accounts", "probability": 1.0 }, { "start": 566.9, "end": 567.24, "word": " included,", "probability": 1.0 }, { "start": 567.42, "end": 567.8, "word": " with", "probability": 1.0 }, { "start": 567.8, "end": 568.1, "word": " no", "probability": 1.0 }, { "start": 568.1, "end": 568.42, "word": " minimum", "probability": 1.0 }, { "start": 568.42, "end": 568.66, "word": " net", "probability": 0.99853515625 }, { "start": 568.66, "end": 568.82, "word": " worth.", "probability": 0.99853515625 }, { "start": 569.06, "end": 569.52, "word": " If", "probability": 0.99951171875 }, { "start": 569.52, "end": 569.58, "word": " you", "probability": 1.0 }, { "start": 569.58, "end": 569.74, "word": " just", "probability": 0.99951171875 }, { "start": 569.74, "end": 569.94, "word": " put", "probability": 1.0 }, { "start": 569.94, "end": 570.44, "word": " Schwamm", "probability": 0.7005615234375 } ] }, { "start": 570.44, "end": 576.06, "text": "and Vanguard together, that's roughly $24 trillion in client assets that now sits one click", "speaker_id": "Speaker 1", "words": [ { "start": 570.44, "end": 570.66, "word": " and", "probability": 1.0 }, { "start": 570.66, "end": 571.16, "word": " Vanguard", "probability": 1.0 }, { "start": 571.16, "end": 571.52, "word": " together,", "probability": 1.0 }, { "start": 571.74, "end": 571.88, "word": " that's", "probability": 0.999755859375 }, { "start": 571.88, "end": 572.22, "word": " roughly", "probability": 0.99951171875 }, { "start": 572.22, "end": 572.82, "word": " $24", "probability": 0.999755859375 }, { "start": 572.82, "end": 573.3, "word": " trillion", "probability": 1.0 }, { "start": 573.3, "end": 573.82, "word": " in", "probability": 0.99853515625 }, { "start": 573.82, "end": 574.08, "word": " client", "probability": 0.99853515625 }, { "start": 574.08, "end": 574.46, "word": " assets", "probability": 0.9990234375 }, { "start": 574.46, "end": 574.9, "word": " that", "probability": 0.986328125 }, { "start": 574.9, "end": 575.06, "word": " now", "probability": 1.0 }, { "start": 575.06, "end": 575.38, "word": " sits", "probability": 1.0 }, { "start": 575.38, "end": 575.84, "word": " one", "probability": 0.99658203125 }, { "start": 575.84, "end": 576.06, "word": " click", "probability": 0.99609375 } ] }, { "start": 576.06, "end": 581.1, "text": "away from Bitcoin. 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Coming from one brokerage at the most conservative allocation on the", "speaker_id": "Speaker 1", "words": [ { "start": 592.76, "end": 593.38, "word": " strategy's", "probability": 0.86865234375 }, { "start": 593.38, "end": 593.7, "word": " volume.", "probability": 1.0 }, { "start": 593.9, "end": 594.34, "word": " Coming", "probability": 0.99755859375 }, { "start": 594.34, "end": 594.66, "word": " from", "probability": 1.0 }, { "start": 594.66, "end": 594.94, "word": " one", "probability": 0.99951171875 }, { "start": 594.94, "end": 595.46, "word": " brokerage", "probability": 1.0 }, { "start": 595.46, "end": 595.66, "word": " at", "probability": 0.9951171875 }, { "start": 595.66, "end": 595.78, "word": " the", "probability": 0.99951171875 }, { "start": 595.78, "end": 596.02, "word": " most", "probability": 1.0 }, { "start": 596.02, "end": 596.66, "word": " conservative", "probability": 1.0 }, { "start": 596.66, "end": 597.3, "word": " allocation", "probability": 1.0 }, { "start": 597.3, "end": 597.8, "word": " on", "probability": 1.0 }, { "start": 597.8, "end": 597.9, "word": " the", "probability": 1.0 } ] }, { "start": 597.9, "end": 602.5, "text": "table. The biggest banks are building the plumbing, too. 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And the money that's already inside isn't leaving. The U .S. spot Bitcoin ETFs", "speaker_id": "Speaker 1", "words": [ { "start": 611.18, "end": 611.48, "word": " coming", "probability": 1.0 }, { "start": 611.48, "end": 611.8, "word": " next.", "probability": 1.0 }, { "start": 611.94, "end": 612.48, "word": " And", "probability": 0.99853515625 }, { "start": 612.48, "end": 612.7, "word": " the", "probability": 0.99951171875 }, { "start": 612.7, "end": 612.86, "word": " money", "probability": 0.99951171875 }, { "start": 612.86, "end": 613.1, "word": " that's", "probability": 1.0 }, { "start": 613.1, "end": 613.42, "word": " already", "probability": 0.998046875 }, { "start": 613.42, "end": 614.0, "word": " inside", "probability": 1.0 }, { "start": 614.0, "end": 614.48, "word": " isn't", "probability": 0.999755859375 }, { "start": 614.48, "end": 614.78, "word": " leaving.", "probability": 0.99951171875 }, { "start": 615.04, "end": 615.38, "word": " The", "probability": 0.99951171875 }, { "start": 615.38, "end": 615.54, "word": " U", "probability": 0.429931640625 }, { "start": 615.54, "end": 615.6, "word": ".S.", "probability": 0.999755859375 }, { "start": 615.66, "end": 615.82, "word": " spot", "probability": 0.89501953125 }, { "start": 615.82, "end": 616.14, "word": " Bitcoin", "probability": 0.99755859375 }, { "start": 616.14, "end": 616.7, "word": " ETFs", "probability": 0.999755859375 } ] }, { "start": 616.7, "end": 622.74, "text": "hold about 1 .28 million Bitcoin, more than $105 billion, after roughly $57 billion of net", "speaker_id": "Speaker 1", "words": [ { "start": 616.7, "end": 617.0, "word": " hold", "probability": 0.9990234375 }, { "start": 617.0, "end": 617.26, "word": " about", "probability": 1.0 }, { "start": 617.26, "end": 617.54, "word": " 1", "probability": 0.97998046875 }, { "start": 617.54, "end": 618.08, "word": ".28", "probability": 0.99951171875 }, { "start": 618.08, "end": 618.4, "word": " million", "probability": 0.99951171875 }, { "start": 618.4, "end": 618.72, "word": " Bitcoin,", "probability": 0.99560546875 }, { "start": 619.0, "end": 619.08, "word": " more", "probability": 1.0 }, { "start": 619.08, "end": 619.2, "word": " than", "probability": 1.0 }, { "start": 619.2, "end": 619.64, "word": " $105", "probability": 0.9949544270833334 }, { "start": 619.64, "end": 619.94, "word": " billion,", "probability": 0.99951171875 }, { "start": 620.36, "end": 620.7, "word": " after", "probability": 0.9990234375 }, { "start": 620.7, "end": 621.08, "word": " roughly", "probability": 1.0 }, { "start": 621.08, "end": 621.78, "word": " $57", "probability": 0.999267578125 }, { "start": 621.78, "end": 622.18, "word": " billion", "probability": 1.0 }, { "start": 622.18, "end": 622.58, "word": " of", "probability": 0.9970703125 }, { "start": 622.58, "end": 622.74, "word": " net", "probability": 0.99853515625 } ] }, { "start": 622.74, "end": 627.94, "text": "inflows since they launched. One asset manager surveyed 15 of the largest institutions in", "speaker_id": "Speaker 1", "words": [ { "start": 622.74, "end": 623.22, "word": " inflows", "probability": 0.986572265625 }, { "start": 623.22, "end": 623.76, "word": " since", "probability": 0.998046875 }, { "start": 623.76, "end": 623.9, "word": " they", "probability": 0.99951171875 }, { "start": 623.9, "end": 624.18, "word": " launched.", "probability": 0.9990234375 }, { "start": 624.46, "end": 624.9, "word": " One", "probability": 0.99951171875 }, { "start": 624.9, "end": 625.14, "word": " asset", "probability": 1.0 }, { "start": 625.14, "end": 625.52, "word": " manager", "probability": 0.9990234375 }, { "start": 625.52, "end": 626.12, "word": " surveyed", "probability": 0.999755859375 }, { "start": 626.12, "end": 626.44, "word": " 15", "probability": 0.99951171875 }, { "start": 626.44, "end": 626.84, "word": " of", "probability": 0.99951171875 }, { "start": 626.84, "end": 626.92, "word": " the", "probability": 1.0 }, { "start": 626.92, "end": 627.18, "word": " largest", "probability": 0.99853515625 }, { "start": 627.18, "end": 627.72, "word": " institutions", "probability": 1.0 }, { "start": 627.72, "end": 627.94, "word": " in", "probability": 1.0 } ] }, { "start": 627.94, "end": 632.54, "text": "the world, so pensions, endowments and sovereign wealth funds, and not one of them cut its", "speaker_id": "Speaker 1", "words": [ { "start": 627.94, "end": 628.02, "word": " the", "probability": 1.0 }, { "start": 628.02, "end": 628.24, "word": " world,", "probability": 0.99951171875 }, { "start": 628.44, "end": 628.52, "word": " so", "probability": 0.986328125 }, { "start": 628.52, "end": 629.14, "word": " pensions,", "probability": 0.999755859375 }, { "start": 629.14, "end": 629.72, "word": " endowments", "probability": 0.99072265625 }, { "start": 629.72, "end": 629.88, "word": " and", "probability": 0.3798828125 }, { "start": 629.88, "end": 630.16, "word": " sovereign", "probability": 0.96142578125 }, { "start": 630.16, "end": 630.36, "word": " wealth", "probability": 0.99462890625 }, { "start": 630.36, "end": 630.58, "word": " funds,", "probability": 0.99755859375 }, { "start": 630.68, "end": 631.22, "word": " and", "probability": 0.9990234375 }, { "start": 631.22, "end": 631.42, "word": " not", "probability": 1.0 }, { "start": 631.42, "end": 631.74, "word": " one", "probability": 1.0 }, { "start": 631.74, "end": 631.82, "word": " of", "probability": 0.99951171875 }, { "start": 631.82, "end": 631.98, "word": " them", "probability": 1.0 }, { "start": 631.98, "end": 632.3, "word": " cut", "probability": 0.9990234375 }, { "start": 632.3, "end": 632.54, "word": " its", "probability": 0.9990234375 } ] }, { "start": 632.54, "end": 638.74, "text": "Bitcoin during the brutal 50 % drop from our all -time high at $126 ,000 to $58 ,000.", "speaker_id": "Speaker 1", "words": [ { "start": 632.54, "end": 632.9, "word": " Bitcoin", "probability": 0.900390625 }, { "start": 632.9, "end": 633.36, "word": " during", "probability": 0.9970703125 }, { "start": 633.36, "end": 633.56, "word": " the", "probability": 0.9990234375 }, { "start": 633.56, "end": 633.96, "word": " brutal", "probability": 0.99853515625 }, { "start": 633.96, "end": 634.46, "word": " 50", "probability": 0.9990234375 }, { "start": 634.46, "end": 634.68, "word": "%", "probability": 0.982421875 }, { "start": 634.68, "end": 635.12, "word": " drop", "probability": 0.99951171875 }, { "start": 635.12, "end": 635.36, "word": " from", "probability": 1.0 }, { "start": 635.36, "end": 635.5, "word": " our", "probability": 0.9931640625 }, { "start": 635.5, "end": 635.72, "word": " all", "probability": 0.99951171875 }, { "start": 635.72, "end": 635.9, "word": "-time", "probability": 0.9814453125 }, { "start": 635.9, "end": 636.14, "word": " high", "probability": 0.9990234375 }, { "start": 636.14, "end": 636.26, "word": " at", "probability": 0.99658203125 }, { "start": 636.26, "end": 636.84, "word": " $126", "probability": 0.99853515625 }, { "start": 636.84, "end": 637.2, "word": ",000", "probability": 0.99951171875 }, { "start": 637.2, "end": 637.82, "word": " to", "probability": 0.99951171875 }, { "start": 637.82, "end": 638.3, "word": " $58", "probability": 0.9990234375 }, { "start": 638.3, "end": 638.74, "word": ",000.", "probability": 1.0 } ] }, { "start": 639.24, "end": 644.06, "text": "Several of them bought even more. At least one sovereign wealth fund sold part of its gold", "speaker_id": "Speaker 1", "words": [ { "start": 639.24, "end": 639.76, "word": " Several", "probability": 0.99951171875 }, { "start": 639.76, "end": 639.98, "word": " of", "probability": 1.0 }, { "start": 639.98, "end": 640.14, "word": " them", "probability": 0.9990234375 }, { "start": 640.14, "end": 640.5, "word": " bought", "probability": 0.99951171875 }, { "start": 640.5, "end": 640.8, "word": " even", "probability": 0.9990234375 }, { "start": 640.8, "end": 641.1, "word": " more.", "probability": 1.0 }, { "start": 641.38, "end": 641.74, "word": " At", "probability": 0.99951171875 }, { "start": 641.74, "end": 641.88, "word": " least", "probability": 1.0 }, { "start": 641.88, "end": 642.12, "word": " one", "probability": 0.99951171875 }, { "start": 642.12, "end": 642.46, "word": " sovereign", "probability": 0.9951171875 }, { "start": 642.46, "end": 642.68, "word": " wealth", "probability": 1.0 }, { "start": 642.68, "end": 642.86, "word": " fund", "probability": 0.99951171875 }, { "start": 642.86, "end": 643.18, "word": " sold", "probability": 1.0 }, { "start": 643.18, "end": 643.42, "word": " part", "probability": 1.0 }, { "start": 643.42, "end": 643.56, "word": " of", "probability": 1.0 }, { "start": 643.56, "end": 643.7, "word": " its", "probability": 0.99951171875 }, { "start": 643.7, "end": 644.06, "word": " gold", "probability": 0.99951171875 } ] }, { "start": 644.06, "end": 648.92, "text": "in currency reserves just to buy more Bitcoin. That's how much the large institutions are", "speaker_id": "Speaker 1", "words": [ { "start": 644.06, "end": 644.36, "word": " in", "probability": 0.73681640625 }, { "start": 644.36, "end": 644.72, "word": " currency", "probability": 0.99951171875 }, { "start": 644.72, "end": 645.16, "word": " reserves", "probability": 1.0 }, { "start": 645.16, "end": 645.56, "word": " just", "probability": 0.99951171875 }, { "start": 645.56, "end": 645.76, "word": " to", "probability": 1.0 }, { "start": 645.76, "end": 645.9, "word": " buy", "probability": 0.99951171875 }, { "start": 645.9, "end": 646.12, "word": " more", "probability": 1.0 }, { "start": 646.12, "end": 646.5, "word": " Bitcoin.", "probability": 1.0 }, { "start": 646.84, "end": 647.24, "word": " That's", "probability": 0.999755859375 }, { "start": 647.24, "end": 647.4, "word": " how", "probability": 0.99951171875 }, { "start": 647.4, "end": 647.66, "word": " much", "probability": 0.9970703125 }, { "start": 647.66, "end": 647.82, "word": " the", "probability": 0.9951171875 }, { "start": 647.82, "end": 648.06, "word": " large", "probability": 0.99267578125 }, { "start": 648.06, "end": 648.56, "word": " institutions", "probability": 1.0 }, { "start": 648.56, "end": 648.92, "word": " are", "probability": 1.0 } ] }, { "start": 648.92, "end": 653.46, "text": "valuing Bitcoin right now. And Washington has a proposed rule on the table that would open", "speaker_id": "Speaker 1", "words": [ { "start": 648.92, "end": 649.34, "word": " valuing", "probability": 0.999755859375 }, { "start": 649.34, "end": 649.72, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 649.72, "end": 649.9, "word": " right", "probability": 0.99853515625 }, { "start": 649.9, "end": 650.1, "word": " now.", "probability": 1.0 }, { "start": 650.36, "end": 650.72, "word": " And", "probability": 0.59375 }, { "start": 650.72, "end": 651.08, "word": " Washington", "probability": 0.99658203125 }, { "start": 651.08, "end": 651.4, "word": " has", "probability": 0.99951171875 }, { "start": 651.4, "end": 651.5, "word": " a", "probability": 0.99951171875 }, { "start": 651.5, "end": 651.84, "word": " proposed", "probability": 0.99658203125 }, { "start": 651.84, "end": 652.1, "word": " rule", "probability": 1.0 }, { "start": 652.1, "end": 652.24, "word": " on", "probability": 0.9990234375 }, { "start": 652.24, "end": 652.32, "word": " the", "probability": 0.99951171875 }, { "start": 652.32, "end": 652.56, "word": " table", "probability": 0.99560546875 }, { "start": 652.56, "end": 652.82, "word": " that", "probability": 0.99951171875 }, { "start": 652.82, "end": 653.08, "word": " would", "probability": 0.99951171875 }, { "start": 653.08, "end": 653.46, "word": " open", "probability": 0.99951171875 } ] }, { "start": 653.46, "end": 658.64, "text": "401k plans, one of the largest pools of savings in the country to Bitcoin. It isn't final", "speaker_id": "Speaker 1", "words": [ { "start": 653.46, "end": 654.18, "word": " 401k", "probability": 0.97705078125 }, { "start": 654.18, "end": 654.52, "word": " plans,", "probability": 0.99560546875 }, { "start": 654.6, "end": 654.66, "word": " one", "probability": 0.99853515625 }, { "start": 654.66, "end": 654.72, "word": " of", "probability": 1.0 }, { "start": 654.72, "end": 654.82, "word": " the", "probability": 0.99951171875 }, { "start": 654.82, "end": 655.24, "word": " largest", "probability": 0.998046875 }, { "start": 655.24, "end": 655.54, "word": " pools", "probability": 0.9990234375 }, { "start": 655.54, "end": 655.74, "word": " of", "probability": 1.0 }, { "start": 655.74, "end": 656.1, "word": " savings", "probability": 0.99853515625 }, { "start": 656.1, "end": 656.24, "word": " in", "probability": 0.99951171875 }, { "start": 656.24, "end": 656.32, "word": " the", "probability": 0.99951171875 }, { "start": 656.32, "end": 656.64, "word": " country", "probability": 0.93310546875 }, { "start": 656.64, "end": 657.26, "word": " to", "probability": 0.8583984375 }, { "start": 657.26, "end": 657.46, "word": " Bitcoin.", "probability": 0.9619140625 }, { "start": 657.76, "end": 658.14, "word": " It", "probability": 0.99951171875 }, { "start": 658.14, "end": 658.36, "word": " isn't", "probability": 0.999755859375 }, { "start": 658.36, "end": 658.64, "word": " final", "probability": 0.99951171875 } ] }, { "start": 658.64, "end": 663.54, "text": "yet, but it's moving. I want to be honest about one thing. 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In a minute, I'll show you what", "speaker_id": "Speaker 1", "words": [ { "start": 702.54, "end": 702.8, "word": " three,", "probability": 0.8837890625 }, { "start": 702.9, "end": 702.98, "word": " the", "probability": 0.99951171875 }, { "start": 702.98, "end": 703.16, "word": " number", "probability": 1.0 }, { "start": 703.16, "end": 703.36, "word": " that", "probability": 1.0 }, { "start": 703.36, "end": 703.78, "word": " matters", "probability": 0.99951171875 }, { "start": 703.78, "end": 704.14, "word": " most", "probability": 0.99951171875 }, { "start": 704.14, "end": 704.32, "word": " for", "probability": 1.0 }, { "start": 704.32, "end": 704.46, "word": " your", "probability": 0.9970703125 }, { "start": 704.46, "end": 704.8, "word": " Bitcoin.", "probability": 0.99951171875 }, { "start": 705.04, "end": 705.34, "word": " In", "probability": 1.0 }, { "start": 705.34, "end": 705.44, "word": " a", "probability": 1.0 }, { "start": 705.44, "end": 705.54, "word": " minute,", "probability": 0.99755859375 }, { "start": 705.6, "end": 705.78, "word": " I'll", "probability": 1.0 }, { "start": 705.78, "end": 705.94, "word": " show", "probability": 0.99951171875 }, { "start": 705.94, "end": 706.04, "word": " you", "probability": 0.9970703125 }, { "start": 706.04, "end": 706.16, "word": " what", "probability": 0.9990234375 } ] }, { "start": 706.16, "end": 710.76, "text": "Saylor did this morning and why the next trip to $100 ,000 and beyond should look nothing", "speaker_id": "Speaker 1", "words": [ { "start": 706.16, "end": 706.44, "word": " Saylor", "probability": 0.998046875 }, { "start": 706.44, "end": 706.6, "word": " did", "probability": 1.0 }, { "start": 706.6, "end": 706.78, "word": " this", "probability": 0.9970703125 }, { "start": 706.78, "end": 707.04, "word": " morning", "probability": 0.99462890625 }, { "start": 707.04, "end": 707.26, "word": " and", "probability": 0.79296875 }, { "start": 707.26, "end": 707.6, "word": " why", "probability": 0.99951171875 }, { "start": 707.6, "end": 707.74, "word": " the", "probability": 0.99951171875 }, { "start": 707.74, "end": 707.94, "word": " next", "probability": 0.99462890625 }, { "start": 707.94, "end": 708.16, "word": " trip", "probability": 0.99755859375 }, { "start": 708.16, "end": 708.3, "word": " to", "probability": 0.99951171875 }, { "start": 708.3, "end": 708.58, "word": " $100", "probability": 0.998291015625 }, { "start": 708.58, "end": 708.92, "word": ",000", "probability": 0.999267578125 }, { "start": 708.92, "end": 709.26, "word": " and", "probability": 0.99951171875 }, { "start": 709.26, "end": 709.54, "word": " beyond", "probability": 0.99169921875 }, { "start": 709.54, "end": 710.08, "word": " should", "probability": 0.99951171875 }, { "start": 710.08, "end": 710.32, "word": " look", "probability": 1.0 }, { "start": 710.32, "end": 710.76, "word": " nothing", "probability": 0.99755859375 } ] }, { "start": 710.76, "end": 715.1, "text": "like the last one. Real quick, a word from today's video sponsors, these guys make this", "speaker_id": "Speaker 1", "words": [ { "start": 710.76, "end": 711.1, "word": " like", "probability": 1.0 }, { "start": 711.1, "end": 711.22, "word": " the", "probability": 0.99560546875 }, { "start": 711.22, "end": 711.4, "word": " last", "probability": 0.9990234375 }, { "start": 711.4, "end": 711.58, "word": " one.", "probability": 0.99951171875 }, { "start": 711.92, "end": 712.4, "word": " Real", "probability": 0.99755859375 }, { "start": 712.4, "end": 712.6, "word": " quick,", "probability": 1.0 }, { "start": 712.74, "end": 712.82, "word": " a", "probability": 0.99951171875 }, { "start": 712.82, "end": 712.92, "word": " word", "probability": 0.99951171875 }, { "start": 712.92, "end": 713.06, "word": " from", "probability": 0.9619140625 }, { "start": 713.06, "end": 713.34, "word": " today's", "probability": 0.99951171875 }, { "start": 713.34, "end": 713.5, "word": " video", "probability": 0.99951171875 }, { "start": 713.5, "end": 713.88, "word": " sponsors,", "probability": 0.96044921875 }, { "start": 714.04, "end": 714.18, "word": " these", "probability": 0.99853515625 }, { "start": 714.18, "end": 714.42, "word": " guys", "probability": 1.0 }, { "start": 714.42, "end": 714.78, "word": " make", "probability": 0.6201171875 }, { "start": 714.78, "end": 715.1, "word": " this", "probability": 1.0 } ] }, { "start": 715.1, "end": 719.82, "text": "content possible. Most people watching this own Bitcoin the exact same way. 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As long as you're", "speaker_id": "Speaker 1", "words": [ { "start": 783.12, "end": 783.56, "word": " price", "probability": 0.99951171875 }, { "start": 783.56, "end": 783.92, "word": "-related", "probability": 0.99951171875 }, { "start": 783.92, "end": 784.48, "word": " liquidation", "probability": 1.0 }, { "start": 784.48, "end": 784.76, "word": " risk", "probability": 0.99951171875 }, { "start": 784.76, "end": 785.1, "word": " off", "probability": 0.99951171875 }, { "start": 785.1, "end": 785.26, "word": " the", "probability": 1.0 }, { "start": 785.26, "end": 785.56, "word": " table", "probability": 0.99951171875 }, { "start": 785.56, "end": 785.76, "word": " for", "probability": 1.0 }, { "start": 785.76, "end": 785.88, "word": " the", "probability": 1.0 }, { "start": 785.88, "end": 786.14, "word": " life", "probability": 1.0 }, { "start": 786.14, "end": 786.32, "word": " of", "probability": 1.0 }, { "start": 786.32, "end": 786.44, "word": " your", "probability": 1.0 }, { "start": 786.44, "end": 786.68, "word": " loan.", "probability": 0.9990234375 }, { "start": 786.88, "end": 787.32, "word": " As", "probability": 0.99951171875 }, { "start": 787.32, "end": 787.44, "word": " long", "probability": 1.0 }, { "start": 787.44, "end": 787.56, "word": " as", "probability": 1.0 }, { "start": 787.56, "end": 787.66, "word": " you're", "probability": 0.9931640625 } ] }, { "start": 787.66, "end": 791.8, "text": "current on payments, Bitcoin can fall as hard as it wants, and your stack doesn't get sold", "speaker_id": "Speaker 1", "words": [ { "start": 787.66, "end": 787.92, "word": " current", "probability": 0.9970703125 }, { "start": 787.92, "end": 788.06, "word": " on", "probability": 0.99951171875 }, { "start": 788.06, "end": 788.4, "word": " payments,", "probability": 0.998046875 }, { "start": 788.52, "end": 788.72, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 788.72, "end": 788.94, "word": " can", "probability": 1.0 }, { "start": 788.94, "end": 789.18, "word": " fall", "probability": 1.0 }, { "start": 789.18, "end": 789.36, "word": " as", "probability": 1.0 }, { "start": 789.36, "end": 789.66, "word": " hard", "probability": 1.0 }, { "start": 789.66, "end": 789.9, "word": " as", "probability": 1.0 }, { "start": 789.9, "end": 790.02, "word": " it", "probability": 1.0 }, { "start": 790.02, "end": 790.34, "word": " wants,", "probability": 0.99951171875 }, { "start": 790.46, "end": 790.8, "word": " and", "probability": 0.91552734375 }, { "start": 790.8, "end": 790.96, "word": " your", "probability": 0.99951171875 }, { "start": 790.96, "end": 791.26, "word": " stack", "probability": 0.98876953125 }, { "start": 791.26, "end": 791.48, "word": " doesn't", "probability": 1.0 }, { "start": 791.48, "end": 791.6, "word": " get", "probability": 1.0 }, { "start": 791.6, "end": 791.8, "word": " sold", "probability": 1.0 } ] }, { "start": 791.8, "end": 795.62, "text": "out from under you. Which matters because the reason to borrow hasn't changed. You might", "speaker_id": "Speaker 1", "words": [ { "start": 791.8, "end": 791.98, "word": " out", "probability": 1.0 }, { "start": 791.98, "end": 792.16, "word": " from", "probability": 0.99609375 }, { "start": 792.16, "end": 792.32, "word": " under", "probability": 0.98681640625 }, { "start": 792.32, "end": 792.5, "word": " you.", "probability": 0.99853515625 }, { "start": 792.68, "end": 793.12, "word": " Which", "probability": 0.9990234375 }, { "start": 793.12, "end": 793.4, "word": " matters", "probability": 0.99951171875 }, { "start": 793.4, "end": 793.74, "word": " because", "probability": 0.79296875 }, { "start": 793.74, "end": 794.06, "word": " the", "probability": 0.99951171875 }, { "start": 794.06, "end": 794.32, "word": " reason", "probability": 0.9990234375 }, { "start": 794.32, "end": 794.48, "word": " to", "probability": 0.99853515625 }, { "start": 794.48, "end": 794.68, "word": " borrow", "probability": 1.0 }, { "start": 794.68, "end": 795.02, "word": " hasn't", "probability": 0.99951171875 }, { "start": 795.02, "end": 795.34, "word": " changed.", "probability": 0.99951171875 }, { "start": 795.36, "end": 795.5, "word": " You", "probability": 0.99951171875 }, { "start": 795.5, "end": 795.62, "word": " might", "probability": 0.99951171875 } ] }, { "start": 795.62, "end": 799.28, "text": "need cash, you don't want to sell, and selling costs you everything those coins do", "speaker_id": "Speaker 1", "words": [ { "start": 795.62, "end": 795.78, "word": " need", "probability": 1.0 }, { "start": 795.78, "end": 796.18, "word": " cash,", "probability": 1.0 }, { "start": 796.24, "end": 796.3, "word": " you", "probability": 0.9990234375 }, { "start": 796.3, "end": 796.4, "word": " don't", "probability": 0.999755859375 }, { "start": 796.4, "end": 796.48, "word": " want", "probability": 0.94140625 }, { "start": 796.48, "end": 796.6, "word": " to", "probability": 1.0 }, { "start": 796.6, "end": 796.82, "word": " sell,", "probability": 1.0 }, { "start": 797.1, "end": 797.38, "word": " and", "probability": 0.8154296875 }, { "start": 797.38, "end": 797.72, "word": " selling", "probability": 0.99853515625 }, { "start": 797.72, "end": 798.08, "word": " costs", "probability": 0.99560546875 }, { "start": 798.08, "end": 798.2, "word": " you", "probability": 0.82177734375 }, { "start": 798.2, "end": 798.5, "word": " everything", "probability": 0.98779296875 }, { "start": 798.5, "end": 798.76, "word": " those", "probability": 0.99951171875 }, { "start": 798.76, "end": 799.02, "word": " coins", "probability": 0.99951171875 }, { "start": 799.02, "end": 799.28, "word": " do", "probability": 0.99951171875 } ] }, { "start": 799.28, "end": 803.32, "text": "afterwards. Not to mention, Salt's been doing this since 2016. They're the original Bitcoin", "speaker_id": "Speaker 1", "words": [ { "start": 799.28, "end": 799.82, "word": " afterwards.", "probability": 0.98681640625 }, { "start": 800.16, "end": 800.54, "word": " Not", "probability": 0.9990234375 }, { "start": 800.54, "end": 800.64, "word": " to", "probability": 1.0 }, { "start": 800.64, "end": 800.86, "word": " mention,", "probability": 0.99951171875 }, { "start": 801.04, "end": 801.22, "word": " Salt's", "probability": 0.89111328125 }, { "start": 801.22, "end": 801.3, "word": " been", "probability": 1.0 }, { "start": 801.3, "end": 801.44, "word": " doing", "probability": 1.0 }, { "start": 801.44, "end": 801.62, "word": " this", "probability": 0.99951171875 }, { "start": 801.62, "end": 801.8, "word": " since", "probability": 1.0 }, { "start": 801.8, "end": 802.36, "word": " 2016.", "probability": 0.99951171875 }, { "start": 802.52, "end": 802.58, "word": " They're", "probability": 0.99267578125 }, { "start": 802.58, "end": 802.66, "word": " the", "probability": 0.99951171875 }, { "start": 802.66, "end": 803.0, "word": " original", "probability": 0.9951171875 }, { "start": 803.0, "end": 803.32, "word": " Bitcoin", "probability": 0.9716796875 } ] }, { "start": 803.32, "end": 807.52, "text": "-backed lenders, still here while most of the names you remember from 2022 aren't. I got an", "speaker_id": "Speaker 1", "words": [ { "start": 803.32, "end": 803.68, "word": "-backed", "probability": 0.9479166666666666 }, { "start": 803.68, "end": 803.84, "word": " lenders,", "probability": 0.863037109375 }, { "start": 804.0, "end": 804.08, "word": " still", "probability": 0.9990234375 }, { "start": 804.08, "end": 804.32, "word": " here", "probability": 0.98095703125 }, { "start": 804.32, "end": 804.52, "word": " while", "probability": 0.6787109375 }, { "start": 804.52, "end": 804.76, "word": " most", "probability": 1.0 }, { "start": 804.76, "end": 804.88, "word": " of", "probability": 1.0 }, { "start": 804.88, "end": 804.94, "word": " the", "probability": 0.99951171875 }, { "start": 804.94, "end": 805.12, "word": " names", "probability": 0.99462890625 }, { "start": 805.12, "end": 805.24, "word": " you", "probability": 1.0 }, { "start": 805.24, "end": 805.48, "word": " remember", "probability": 0.99951171875 }, { "start": 805.48, "end": 805.66, "word": " from", "probability": 1.0 }, { "start": 805.66, "end": 806.16, "word": " 2022", "probability": 0.99951171875 }, { "start": 806.16, "end": 806.7, "word": " aren't.", "probability": 1.0 }, { "start": 806.9, "end": 807.26, "word": " I", "probability": 0.9990234375 }, { "start": 807.26, "end": 807.38, "word": " got", "probability": 0.92578125 }, { "start": 807.38, "end": 807.52, "word": " an", "probability": 1.0 } ] }, { "start": 807.52, "end": 811.98, "text": "exclusive rate discount on a new loan just for you guys. Visit saltlending .com slash joe,", "speaker_id": "Speaker 1", "words": [ { "start": 807.52, "end": 807.88, "word": " exclusive", "probability": 1.0 }, { "start": 807.88, "end": 808.12, "word": " rate", "probability": 0.998046875 }, { "start": 808.12, "end": 808.4, "word": " discount", "probability": 0.99951171875 }, { "start": 808.4, "end": 808.6, "word": " on", "probability": 0.99951171875 }, { "start": 808.6, "end": 808.68, "word": " a", "probability": 0.62744140625 }, { "start": 808.68, "end": 808.82, "word": " new", "probability": 0.99853515625 }, { "start": 808.82, "end": 809.08, "word": " loan", "probability": 0.99853515625 }, { "start": 809.08, "end": 809.32, "word": " just", "probability": 0.9970703125 }, { "start": 809.32, "end": 809.52, "word": " for", "probability": 1.0 }, { "start": 809.52, "end": 809.66, "word": " you", "probability": 0.99951171875 }, { "start": 809.66, "end": 809.96, "word": " guys.", "probability": 0.99853515625 }, { "start": 810.18, "end": 810.52, "word": " Visit", "probability": 0.99951171875 }, { "start": 810.52, "end": 810.98, "word": " saltlending", "probability": 0.9876302083333334 }, { "start": 810.98, "end": 811.42, "word": ".com", "probability": 1.0 }, { "start": 811.42, "end": 811.64, "word": " slash", "probability": 0.93115234375 }, { "start": 811.64, "end": 811.98, "word": " joe,", "probability": 0.80517578125 } ] }, { "start": 811.98, "end": 817.34, "text": "that's saltlending .com slash joe, and use code joe50salt to claim it. Never sell it,", "speaker_id": "Speaker 1", "words": [ { "start": 811.98, "end": 812.16, "word": " that's", "probability": 0.983154296875 }, { "start": 812.16, "end": 812.48, "word": " saltlending", "probability": 0.99951171875 }, { "start": 812.48, "end": 812.88, "word": ".com", "probability": 1.0 }, { "start": 812.88, "end": 813.1, "word": " slash", "probability": 1.0 }, { "start": 813.1, "end": 813.42, "word": " joe,", "probability": 0.999755859375 }, { "start": 813.48, "end": 813.56, "word": " and", "probability": 0.99951171875 }, { "start": 813.56, "end": 813.86, "word": " use", "probability": 1.0 }, { "start": 813.86, "end": 814.22, "word": " code", "probability": 0.99951171875 }, { "start": 814.22, "end": 815.68, "word": " joe50salt", "probability": 0.8412109375 }, { "start": 815.68, "end": 816.1, "word": " to", "probability": 1.0 }, { "start": 816.1, "end": 816.28, "word": " claim", "probability": 1.0 }, { "start": 816.28, "end": 816.42, "word": " it.", "probability": 1.0 }, { "start": 816.68, "end": 816.94, "word": " Never", "probability": 0.9990234375 }, { "start": 816.94, "end": 817.22, "word": " sell", "probability": 0.99951171875 }, { "start": 817.22, "end": 817.34, "word": " it,", "probability": 0.68017578125 } ] }, { "start": 817.4, "end": 822.08, "text": "borrow against it. And every cycle, the drawdown comes, and most holders just sit there and", "speaker_id": "Speaker 1", "words": [ { "start": 817.4, "end": 817.6, "word": " borrow", "probability": 0.9951171875 }, { "start": 817.6, "end": 817.96, "word": " against", "probability": 0.994140625 }, { "start": 817.96, "end": 818.12, "word": " it.", "probability": 1.0 }, { "start": 818.4, "end": 818.7, "word": " And", "probability": 0.9619140625 }, { "start": 818.7, "end": 818.96, "word": " every", "probability": 0.7734375 }, { "start": 818.96, "end": 819.38, "word": " cycle,", "probability": 1.0 }, { "start": 819.52, "end": 819.54, "word": " the", "probability": 0.9990234375 }, { "start": 819.54, "end": 819.9, "word": " drawdown", "probability": 0.998779296875 }, { "start": 819.9, "end": 820.3, "word": " comes,", "probability": 1.0 }, { "start": 820.38, "end": 820.48, "word": " and", "probability": 0.99853515625 }, { "start": 820.48, "end": 820.88, "word": " most", "probability": 1.0 }, { "start": 820.88, "end": 821.22, "word": " holders", "probability": 0.9970703125 }, { "start": 821.22, "end": 821.48, "word": " just", "probability": 0.99951171875 }, { "start": 821.48, "end": 821.66, "word": " sit", "probability": 1.0 }, { "start": 821.66, "end": 821.9, "word": " there", "probability": 0.99951171875 }, { "start": 821.9, "end": 822.08, "word": " and", "probability": 1.0 } ] }, { "start": 822.08, "end": 826.34, "text": "take it. But serious money hedges instead. 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Open a small short size to the part of your stack you want", "speaker_id": "Speaker 1", "words": [ { "start": 830.64, "end": 830.96, "word": " Bitcoin", "probability": 0.98046875 }, { "start": 830.96, "end": 831.34, "word": " perps", "probability": 0.969482421875 }, { "start": 831.34, "end": 831.58, "word": " on", "probability": 1.0 }, { "start": 831.58, "end": 831.8, "word": " call", "probability": 0.341552734375 }, { "start": 831.8, "end": 831.96, "word": " sheet.", "probability": 0.5244140625 }, { "start": 832.26, "end": 832.58, "word": " Open", "probability": 0.99951171875 }, { "start": 832.58, "end": 832.72, "word": " a", "probability": 0.99951171875 }, { "start": 832.72, "end": 832.96, "word": " small", "probability": 0.9990234375 }, { "start": 832.96, "end": 833.28, "word": " short", "probability": 0.939453125 }, { "start": 833.28, "end": 833.56, "word": " size", "probability": 0.9658203125 }, { "start": 833.56, "end": 833.7, "word": " to", "probability": 0.99951171875 }, { "start": 833.7, "end": 833.8, "word": " the", "probability": 0.99462890625 }, { "start": 833.8, "end": 833.92, "word": " part", "probability": 0.998046875 }, { "start": 833.92, "end": 834.0, "word": " of", "probability": 0.99951171875 }, { "start": 834.0, "end": 834.1, "word": " your", "probability": 0.99658203125 }, { "start": 834.1, "end": 834.34, "word": " stack", "probability": 0.9970703125 }, { "start": 834.34, "end": 834.52, "word": " you", "probability": 0.99951171875 }, { "start": 834.52, "end": 834.66, "word": " want", "probability": 0.99951171875 } ] }, { "start": 834.66, "end": 839.2, "text": "hedged, and if the cycle turns, gains on that hedge offset part of the drawdown. But if", "speaker_id": "Speaker 1", "words": [ { "start": 834.66, "end": 834.96, "word": " hedged,", "probability": 0.999267578125 }, { "start": 835.1, "end": 835.44, "word": " and", "probability": 1.0 }, { "start": 835.44, "end": 835.54, "word": " if", "probability": 0.99951171875 }, { "start": 835.54, "end": 835.62, "word": " the", "probability": 0.9990234375 }, { "start": 835.62, "end": 835.82, "word": " cycle", "probability": 0.99658203125 }, { "start": 835.82, "end": 836.18, "word": " turns,", "probability": 1.0 }, { "start": 836.4, "end": 836.68, "word": " gains", "probability": 0.9990234375 }, { "start": 836.68, "end": 836.84, "word": " on", "probability": 1.0 }, { "start": 836.84, "end": 836.98, "word": " that", "probability": 0.99853515625 }, { "start": 836.98, "end": 837.24, "word": " hedge", "probability": 0.99755859375 }, { "start": 837.24, "end": 837.58, "word": " offset", "probability": 0.99853515625 }, { "start": 837.58, "end": 837.94, "word": " part", "probability": 1.0 }, { "start": 837.94, "end": 838.1, "word": " of", "probability": 1.0 }, { "start": 838.1, "end": 838.2, "word": " the", "probability": 0.99951171875 }, { "start": 838.2, "end": 838.54, "word": " drawdown.", "probability": 0.99462890625 }, { "start": 838.7, "end": 839.12, "word": " But", "probability": 0.99755859375 }, { "start": 839.12, "end": 839.2, "word": " if", "probability": 0.9990234375 } ] }, { "start": 839.2, "end": 843.08, "text": "Bitcoin keeps running, the hedge costs you, and that's the price of protection. If you're", "speaker_id": "Speaker 1", "words": [ { "start": 839.2, "end": 839.46, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 839.46, "end": 839.68, "word": " keeps", "probability": 1.0 }, { "start": 839.68, "end": 839.96, "word": " running,", "probability": 0.99951171875 }, { "start": 840.22, "end": 840.36, "word": " the", "probability": 0.9990234375 }, { "start": 840.36, "end": 840.58, "word": " hedge", "probability": 0.99951171875 }, { "start": 840.58, "end": 840.92, "word": " costs", "probability": 0.9990234375 }, { "start": 840.92, "end": 841.12, "word": " you,", "probability": 0.99951171875 }, { "start": 841.2, "end": 841.28, "word": " and", "probability": 0.9990234375 }, { "start": 841.28, "end": 841.62, "word": " that's", "probability": 1.0 }, { "start": 841.62, "end": 841.7, "word": " the", "probability": 0.9970703125 }, { "start": 841.7, "end": 841.88, "word": " price", "probability": 0.9931640625 }, { "start": 841.88, "end": 841.98, "word": " of", "probability": 0.99951171875 }, { "start": 841.98, "end": 842.3, "word": " protection.", "probability": 0.9990234375 }, { "start": 842.56, "end": 843.0, "word": " If", "probability": 1.0 }, { "start": 843.0, "end": 843.08, "word": " you're", "probability": 1.0 } ] }, { "start": 843.08, "end": 847.14, "text": "buying soon and worried price runs first, a small long position covers that side until you", "speaker_id": "Speaker 1", "words": [ { "start": 843.08, "end": 843.28, "word": " buying", "probability": 0.99560546875 }, { "start": 843.28, "end": 843.54, "word": " soon", "probability": 1.0 }, { "start": 843.54, "end": 843.72, "word": " and", "probability": 0.98388671875 }, { "start": 843.72, "end": 843.98, "word": " worried", "probability": 0.98828125 }, { "start": 843.98, "end": 844.26, "word": " price", "probability": 0.99853515625 }, { "start": 844.26, "end": 844.48, "word": " runs", "probability": 1.0 }, { "start": 844.48, "end": 844.76, "word": " first,", "probability": 1.0 }, { "start": 844.9, "end": 845.0, "word": " a", "probability": 1.0 }, { "start": 845.0, "end": 845.28, "word": " small", "probability": 1.0 }, { "start": 845.28, "end": 845.52, "word": " long", "probability": 0.966796875 }, { "start": 845.52, "end": 845.9, "word": " position", "probability": 1.0 }, { "start": 845.9, "end": 846.26, "word": " covers", "probability": 1.0 }, { "start": 846.26, "end": 846.42, "word": " that", "probability": 0.99951171875 }, { "start": 846.42, "end": 846.72, "word": " side", "probability": 0.9970703125 }, { "start": 846.72, "end": 846.96, "word": " until", "probability": 0.9970703125 }, { "start": 846.96, "end": 847.14, "word": " you", "probability": 1.0 } ] }, { "start": 847.14, "end": 851.12, "text": "can buy a spot. Keep leverage low and treat it like insurance. Use my link below and get", "speaker_id": "Speaker 1", "words": [ { "start": 847.14, "end": 847.26, "word": " can", "probability": 0.99853515625 }, { "start": 847.26, "end": 847.4, "word": " buy", "probability": 0.99951171875 }, { "start": 847.4, "end": 847.54, "word": " a", "probability": 0.890625 }, { "start": 847.54, "end": 847.7, "word": " spot.", "probability": 0.9990234375 }, { "start": 848.08, "end": 848.34, "word": " Keep", "probability": 0.99951171875 }, { "start": 848.34, "end": 848.6, "word": " leverage", "probability": 0.98486328125 }, { "start": 848.6, "end": 848.84, "word": " low", "probability": 0.99951171875 }, { "start": 848.84, "end": 849.0, "word": " and", "probability": 0.9716796875 }, { "start": 849.0, "end": 849.12, "word": " treat", "probability": 0.99169921875 }, { "start": 849.12, "end": 849.26, "word": " it", "probability": 0.99951171875 }, { "start": 849.26, "end": 849.36, "word": " like", "probability": 0.99072265625 }, { "start": 849.36, "end": 849.76, "word": " insurance.", "probability": 0.9990234375 }, { "start": 849.92, "end": 850.14, "word": " Use", "probability": 0.99853515625 }, { "start": 850.14, "end": 850.3, "word": " my", "probability": 0.99951171875 }, { "start": 850.3, "end": 850.5, "word": " link", "probability": 0.99951171875 }, { "start": 850.5, "end": 850.78, "word": " below", "probability": 0.99951171875 }, { "start": 850.78, "end": 851.02, "word": " and", "probability": 0.9970703125 }, { "start": 851.02, "end": 851.12, "word": " get", "probability": 0.99951171875 } ] }, { "start": 851.12, "end": 855.62, "text": "$25 once you put your first $50 position on. Special thanks to Simple Mining, Salt, and", "speaker_id": "Speaker 1", "words": [ { "start": 851.12, "end": 851.52, "word": " $25", "probability": 0.998779296875 }, { "start": 851.52, "end": 851.92, "word": " once", "probability": 0.99755859375 }, { "start": 851.92, "end": 852.04, "word": " you", "probability": 1.0 }, { "start": 852.04, "end": 852.16, "word": " put", "probability": 0.99951171875 }, { "start": 852.16, "end": 852.28, "word": " your", "probability": 1.0 }, { "start": 852.28, "end": 852.54, "word": " first", "probability": 0.99853515625 }, { "start": 852.54, "end": 852.86, "word": " $50", "probability": 0.999755859375 }, { "start": 852.86, "end": 853.42, "word": " position", "probability": 0.99853515625 }, { "start": 853.42, "end": 853.58, "word": " on.", "probability": 0.99658203125 }, { "start": 853.76, "end": 854.18, "word": " Special", "probability": 0.99560546875 }, { "start": 854.18, "end": 854.4, "word": " thanks", "probability": 0.9990234375 }, { "start": 854.4, "end": 854.58, "word": " to", "probability": 1.0 }, { "start": 854.58, "end": 854.88, "word": " Simple", "probability": 0.994140625 }, { "start": 854.88, "end": 855.16, "word": " Mining,", "probability": 0.8994140625 }, { "start": 855.3, "end": 855.44, "word": " Salt,", "probability": 0.92724609375 }, { "start": 855.44, "end": 855.62, "word": " and", "probability": 0.939453125 } ] }, { "start": 855.62, "end": 860.12, "text": "Colshi for sponsoring today's video, and now back to the show. 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Tomorrow is October 19th, the same date as the 1987 crash, when the Dow lost 22", "speaker_id": "Speaker 1", "words": [ { "start": 872.7, "end": 872.86, "word": " he", "probability": 0.9833984375 }, { "start": 872.86, "end": 873.08, "word": " sees", "probability": 0.9990234375 }, { "start": 873.08, "end": 873.18, "word": " it.", "probability": 1.0 }, { "start": 873.52, "end": 873.92, "word": " Tomorrow", "probability": 0.99951171875 }, { "start": 873.92, "end": 874.14, "word": " is", "probability": 1.0 }, { "start": 874.14, "end": 874.5, "word": " October", "probability": 0.99951171875 }, { "start": 874.5, "end": 875.04, "word": " 19th,", "probability": 0.999755859375 }, { "start": 875.2, "end": 875.3, "word": " the", "probability": 0.99951171875 }, { "start": 875.3, "end": 875.5, "word": " same", "probability": 1.0 }, { "start": 875.5, "end": 875.74, "word": " date", "probability": 0.998046875 }, { "start": 875.74, "end": 875.96, "word": " as", "probability": 1.0 }, { "start": 875.96, "end": 876.06, "word": " the", "probability": 0.998046875 }, { "start": 876.06, "end": 876.72, "word": " 1987", "probability": 0.99853515625 }, { "start": 876.72, "end": 877.42, "word": " crash,", "probability": 0.99951171875 }, { "start": 877.56, "end": 877.94, "word": " when", "probability": 0.9990234375 }, { "start": 877.94, "end": 878.02, "word": " the", "probability": 0.99951171875 }, { "start": 878.02, "end": 878.2, "word": " Dow", "probability": 0.9912109375 }, { "start": 878.2, "end": 878.58, "word": " lost", "probability": 0.99853515625 }, { "start": 878.58, "end": 878.94, "word": " 22", "probability": 0.9990234375 } ] }, { "start": 878.94, "end": 885.66, "text": ".6 % in a single day, its biggest one -day drop ever. 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The day Bitcoin first broke $100 ,000, long -term holders, the people", "speaker_id": "Speaker 1", "words": [ { "start": 938.32, "end": 938.58, "word": " selling", "probability": 1.0 }, { "start": 938.58, "end": 938.86, "word": " was", "probability": 1.0 }, { "start": 938.86, "end": 939.44, "word": " enormous.", "probability": 1.0 }, { "start": 939.8, "end": 940.04, "word": " The", "probability": 1.0 }, { "start": 940.04, "end": 940.18, "word": " day", "probability": 0.9990234375 }, { "start": 940.18, "end": 940.5, "word": " Bitcoin", "probability": 1.0 }, { "start": 940.5, "end": 940.8, "word": " first", "probability": 0.99951171875 }, { "start": 940.8, "end": 941.04, "word": " broke", "probability": 1.0 }, { "start": 941.04, "end": 941.28, "word": " $100", "probability": 0.993408203125 }, { "start": 941.28, "end": 941.64, "word": ",000,", "probability": 0.99951171875 }, { "start": 942.0, "end": 942.34, "word": " long", "probability": 0.99951171875 }, { "start": 942.34, "end": 942.54, "word": "-term", "probability": 0.98779296875 }, { "start": 942.54, "end": 942.88, "word": " holders,", "probability": 0.99853515625 }, { "start": 943.0, "end": 943.06, "word": " the", "probability": 0.97119140625 }, { "start": 943.06, "end": 943.28, "word": " people", "probability": 1.0 } ] }, { "start": 943.28, "end": 950.06, "text": "who'd held for months or years, took profits at a record $2 .1 billion a day. Over the", "speaker_id": "Speaker 1", "words": [ { "start": 943.28, "end": 943.5, "word": " who'd", "probability": 0.995361328125 }, { "start": 943.5, "end": 943.7, "word": " held", "probability": 0.99951171875 }, { "start": 943.7, "end": 943.86, "word": " for", "probability": 0.8720703125 }, { "start": 943.86, "end": 944.2, "word": " months", "probability": 1.0 }, { "start": 944.2, "end": 944.46, "word": " or", "probability": 0.9990234375 }, { "start": 944.46, "end": 945.02, "word": " years,", "probability": 1.0 }, { "start": 945.54, "end": 945.74, "word": " took", "probability": 1.0 }, { "start": 945.74, "end": 946.2, "word": " profits", "probability": 1.0 }, { "start": 946.2, "end": 946.38, "word": " at", "probability": 1.0 }, { "start": 946.38, "end": 946.5, "word": " a", "probability": 0.99951171875 }, { "start": 946.5, "end": 946.8, "word": " record", "probability": 0.998046875 }, { "start": 946.8, "end": 947.16, "word": " $2", "probability": 0.995849609375 }, { "start": 947.16, "end": 947.72, "word": ".1", "probability": 1.0 }, { "start": 947.72, "end": 948.24, "word": " billion", "probability": 1.0 }, { "start": 948.24, "end": 948.94, "word": " a", "probability": 0.99853515625 }, { "start": 948.94, "end": 949.12, "word": " day.", "probability": 0.99951171875 }, { "start": 949.42, "end": 949.9, "word": " Over", "probability": 0.99951171875 }, { "start": 949.9, "end": 950.06, "word": " the", "probability": 0.98583984375 } ] }, { "start": 950.06, "end": 956.04, "text": "cycle, they cashed out more than 3 .4 million Bitcoin, more than in the entire 2021 cycle.", "speaker_id": "Speaker 1", "words": [ { "start": 950.06, "end": 950.34, "word": " cycle,", "probability": 1.0 }, { "start": 950.52, "end": 950.6, "word": " they", "probability": 0.99951171875 }, { "start": 950.6, "end": 950.98, "word": " cashed", "probability": 0.999755859375 }, { "start": 950.98, "end": 951.08, "word": " out", "probability": 0.9990234375 }, { "start": 951.08, "end": 951.26, "word": " more", "probability": 0.9990234375 }, { "start": 951.26, "end": 951.42, "word": " than", "probability": 1.0 }, { "start": 951.42, "end": 951.66, "word": " 3", "probability": 0.80322265625 }, { "start": 951.66, "end": 952.14, "word": ".4", "probability": 1.0 }, { "start": 952.14, "end": 952.46, "word": " million", "probability": 0.99951171875 }, { "start": 952.46, "end": 952.8, "word": " Bitcoin,", "probability": 0.998046875 }, { "start": 953.2, "end": 953.52, "word": " more", "probability": 1.0 }, { "start": 953.52, "end": 953.7, "word": " than", "probability": 1.0 }, { "start": 953.7, "end": 953.88, "word": " in", "probability": 1.0 }, { "start": 953.88, "end": 954.02, "word": " the", "probability": 0.99951171875 }, { "start": 954.02, "end": 954.52, "word": " entire", "probability": 0.99951171875 }, { "start": 954.52, "end": 955.1, "word": " 2021", "probability": 0.99951171875 }, { "start": 955.1, "end": 956.04, "word": " cycle.", "probability": 0.99951171875 } ] }, { "start": 956.34, "end": 961.16, "text": "One investor from Bitcoin's earliest days sold more than 80 ,000 coins, over $9 billion, in", "speaker_id": "Speaker 1", "words": [ { "start": 956.34, "end": 956.82, "word": " One", "probability": 0.99951171875 }, { "start": 956.82, "end": 957.16, "word": " investor", "probability": 1.0 }, { "start": 957.16, "end": 957.36, "word": " from", "probability": 1.0 }, { "start": 957.36, "end": 957.72, "word": " Bitcoin's", "probability": 1.0 }, { "start": 957.72, "end": 957.98, "word": " earliest", "probability": 0.998046875 }, { "start": 957.98, "end": 958.22, "word": " days", "probability": 0.99951171875 }, { "start": 958.22, "end": 958.46, "word": " sold", "probability": 0.9990234375 }, { "start": 958.46, "end": 958.64, "word": " more", "probability": 0.9990234375 }, { "start": 958.64, "end": 958.76, "word": " than", "probability": 0.99951171875 }, { "start": 958.76, "end": 959.12, "word": " 80", "probability": 0.99365234375 }, { "start": 959.12, "end": 959.62, "word": ",000", "probability": 0.999755859375 }, { "start": 959.62, "end": 959.92, "word": " coins,", "probability": 0.99951171875 }, { "start": 960.08, "end": 960.1, "word": " over", "probability": 0.99755859375 }, { "start": 960.1, "end": 960.34, "word": " $9", "probability": 0.999755859375 }, { "start": 960.34, "end": 960.6, "word": " billion,", "probability": 0.99951171875 }, { "start": 961.02, "end": 961.16, "word": " in", "probability": 0.99951171875 } ] }, { "start": 961.16, "end": 966.4, "text": "one of the largest Bitcoin trades in history. And where every earlier cycle had one big", "speaker_id": "Speaker 1", "words": [ { "start": 961.16, "end": 961.28, "word": " one", "probability": 1.0 }, { "start": 961.28, "end": 961.36, "word": " of", "probability": 1.0 }, { "start": 961.36, "end": 961.48, "word": " the", "probability": 0.99951171875 }, { "start": 961.48, "end": 961.8, "word": " largest", "probability": 0.998046875 }, { "start": 961.8, "end": 962.18, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 962.18, "end": 962.58, "word": " trades", "probability": 1.0 }, { "start": 962.58, "end": 962.76, "word": " in", "probability": 1.0 }, { "start": 962.76, "end": 963.14, "word": " history.", "probability": 0.9990234375 }, { "start": 963.14, "end": 963.72, "word": " And", "probability": 0.9169921875 }, { "start": 963.72, "end": 964.04, "word": " where", "probability": 0.99853515625 }, { "start": 964.04, "end": 964.52, "word": " every", "probability": 1.0 }, { "start": 964.52, "end": 964.9, "word": " earlier", "probability": 0.99951171875 }, { "start": 964.9, "end": 965.32, "word": " cycle", "probability": 1.0 }, { "start": 965.32, "end": 965.92, "word": " had", "probability": 0.9990234375 }, { "start": 965.92, "end": 966.18, "word": " one", "probability": 0.99609375 }, { "start": 966.18, "end": 966.4, "word": " big", "probability": 1.0 } ] }, { "start": 966.4, "end": 971.5, "text": "wave of long -term holders selling, this one had three. And that selling is why the last", "speaker_id": "Speaker 1", "words": [ { "start": 966.4, "end": 966.68, "word": " wave", "probability": 1.0 }, { "start": 966.68, "end": 966.82, "word": " of", "probability": 1.0 }, { "start": 966.82, "end": 967.04, "word": " long", "probability": 1.0 }, { "start": 967.04, "end": 967.2, "word": "-term", "probability": 0.971923828125 }, { "start": 967.2, "end": 967.46, "word": " holders", "probability": 0.8466796875 }, { "start": 967.46, "end": 967.76, "word": " selling,", "probability": 0.99853515625 }, { "start": 967.96, "end": 968.38, "word": " this", "probability": 1.0 }, { "start": 968.38, "end": 968.66, "word": " one", "probability": 1.0 }, { "start": 968.66, "end": 969.24, "word": " had", "probability": 1.0 }, { "start": 969.24, "end": 969.48, "word": " three.", "probability": 0.98828125 }, { "start": 970.08, "end": 970.38, "word": " And", "probability": 0.939453125 }, { "start": 970.38, "end": 970.48, "word": " that", "probability": 0.99951171875 }, { "start": 970.48, "end": 970.82, "word": " selling", "probability": 0.9833984375 }, { "start": 970.82, "end": 971.02, "word": " is", "probability": 1.0 }, { "start": 971.02, "end": 971.14, "word": " why", "probability": 1.0 }, { "start": 971.14, "end": 971.28, "word": " the", "probability": 1.0 }, { "start": 971.28, "end": 971.5, "word": " last", "probability": 1.0 } ] }, { "start": 971.5, "end": 977.74, "text": "cycle was the smallest on record. We only went from $16 ,500 up to $126 ,000.", "speaker_id": "Speaker 1", "words": [ { "start": 971.5, "end": 971.8, "word": " cycle", "probability": 1.0 }, { "start": 971.8, "end": 972.0, "word": " was", "probability": 1.0 }, { "start": 972.0, "end": 972.14, "word": " the", "probability": 0.99951171875 }, { "start": 972.14, "end": 972.58, "word": " smallest", "probability": 1.0 }, { "start": 972.58, "end": 972.94, "word": " on", "probability": 1.0 }, { "start": 972.94, "end": 973.22, "word": " record.", "probability": 1.0 }, { "start": 973.44, "end": 973.56, "word": " We", "probability": 0.994140625 }, { "start": 973.56, "end": 973.96, "word": " only", "probability": 0.99951171875 }, { "start": 973.96, "end": 974.18, "word": " went", "probability": 1.0 }, { "start": 974.18, "end": 974.4, "word": " from", "probability": 1.0 }, { "start": 974.4, "end": 974.82, "word": " $16", "probability": 0.988525390625 }, { "start": 974.82, "end": 975.16, "word": ",500", "probability": 0.996826171875 }, { "start": 975.16, "end": 976.2, "word": " up", "probability": 0.98681640625 }, { "start": 976.2, "end": 976.5, "word": " to", "probability": 1.0 }, { "start": 976.5, "end": 977.42, "word": " $126", "probability": 0.9993489583333334 }, { "start": 977.42, "end": 977.74, "word": ",000.", "probability": 0.999267578125 } ] }, { "start": 978.12, "end": 984.16, "text": "Look at this chart. From the low to its high, Bitcoin's 2011 cycle ran about 574 times. In", "speaker_id": "Speaker 1", "words": [ { "start": 978.12, "end": 978.64, "word": " Look", "probability": 0.99951171875 }, { "start": 978.64, "end": 978.74, "word": " at", "probability": 1.0 }, { "start": 978.74, "end": 978.86, "word": " this", "probability": 1.0 }, { "start": 978.86, "end": 979.1, "word": " chart.", "probability": 1.0 }, { "start": 979.24, "end": 979.38, "word": " From", "probability": 0.99951171875 }, { "start": 979.38, "end": 979.5, "word": " the", "probability": 1.0 }, { "start": 979.5, "end": 979.74, "word": " low", "probability": 0.97607421875 }, { "start": 979.74, "end": 979.98, "word": " to", "probability": 1.0 }, { "start": 979.98, "end": 980.16, "word": " its", "probability": 0.99853515625 }, { "start": 980.16, "end": 980.48, "word": " high,", "probability": 1.0 }, { "start": 980.68, "end": 981.28, "word": " Bitcoin's", "probability": 0.99853515625 }, { "start": 981.28, "end": 981.58, "word": " 2011", "probability": 0.99951171875 }, { "start": 981.58, "end": 982.0, "word": " cycle", "probability": 1.0 }, { "start": 982.0, "end": 982.26, "word": " ran", "probability": 1.0 }, { "start": 982.26, "end": 982.48, "word": " about", "probability": 0.99951171875 }, { "start": 982.48, "end": 983.38, "word": " 574", "probability": 0.9990234375 }, { "start": 983.38, "end": 983.76, "word": " times.", "probability": 0.99853515625 }, { "start": 983.94, "end": 984.16, "word": " In", "probability": 1.0 } ] }, { "start": 984.16, "end": 990.68, "text": "2013, about 539 times. 2017, more than 100 times. 2021, about 21 times. In the last cycle,", "speaker_id": "Speaker 1", "words": [ { "start": 984.16, "end": 984.6, "word": " 2013,", "probability": 1.0 }, { "start": 984.88, "end": 985.0, "word": " about", "probability": 1.0 }, { "start": 985.0, "end": 985.66, "word": " 539", "probability": 0.99853515625 }, { "start": 985.66, "end": 986.08, "word": " times.", "probability": 1.0 }, { "start": 986.22, "end": 986.56, "word": " 2017,", "probability": 0.994140625 }, { "start": 986.56, "end": 986.94, "word": " more", "probability": 1.0 }, { "start": 986.94, "end": 987.06, "word": " than", "probability": 1.0 }, { "start": 987.06, "end": 987.26, "word": " 100", "probability": 0.9970703125 }, { "start": 987.26, "end": 987.58, "word": " times.", "probability": 1.0 }, { "start": 987.94, "end": 988.4, "word": " 2021,", "probability": 0.9951171875 }, { "start": 988.8, "end": 988.92, "word": " about", "probability": 1.0 }, { "start": 988.92, "end": 989.32, "word": " 21", "probability": 1.0 }, { "start": 989.32, "end": 989.62, "word": " times.", "probability": 1.0 }, { "start": 989.62, "end": 990.1, "word": " In", "probability": 0.96875 }, { "start": 990.1, "end": 990.16, "word": " the", "probability": 1.0 }, { "start": 990.16, "end": 990.34, "word": " last", "probability": 1.0 }, { "start": 990.34, "end": 990.68, "word": " cycle,", "probability": 1.0 } ] }, { "start": 990.82, "end": 997.72, "text": "from about $15 ,500 to $126 ,000, Bitcoin ran just 8 .2 times. Most people", "speaker_id": "Speaker 1", "words": [ { "start": 990.82, "end": 990.9, "word": " from", "probability": 1.0 }, { "start": 990.9, "end": 991.14, "word": " about", "probability": 0.9990234375 }, { "start": 991.14, "end": 991.5, "word": " $15", "probability": 0.992919921875 }, { "start": 991.5, "end": 992.18, "word": ",500", "probability": 0.99951171875 }, { "start": 992.18, "end": 992.7, "word": " to", "probability": 1.0 }, { "start": 992.7, "end": 993.38, "word": " $126", "probability": 0.9982096354166666 }, { "start": 993.38, "end": 993.8, "word": ",000,", "probability": 1.0 }, { "start": 994.46, "end": 994.76, "word": " Bitcoin", "probability": 0.9892578125 }, { "start": 994.76, "end": 995.0, "word": " ran", "probability": 0.9423828125 }, { "start": 995.0, "end": 995.24, "word": " just", "probability": 0.998046875 }, { "start": 995.24, "end": 995.6, "word": " 8", "probability": 0.99853515625 }, { "start": 995.6, "end": 996.18, "word": ".2", "probability": 1.0 }, { "start": 996.18, "end": 996.66, "word": " times.", "probability": 0.99560546875 }, { "start": 996.98, "end": 997.46, "word": " Most", "probability": 0.99951171875 }, { "start": 997.46, "end": 997.72, "word": " people", "probability": 1.0 } ] }, { "start": 997.72, "end": 1002.76, "text": "take the wrong lesson from that chart and assume Bitcoin's best runs are a thing of the", "speaker_id": "Speaker 1", "words": [ { "start": 997.72, "end": 998.0, "word": " take", "probability": 1.0 }, { "start": 998.0, "end": 998.16, "word": " the", "probability": 1.0 }, { "start": 998.16, "end": 998.46, "word": " wrong", "probability": 1.0 }, { "start": 998.46, "end": 998.9, "word": " lesson", "probability": 1.0 }, { "start": 998.9, "end": 999.1, "word": " from", "probability": 1.0 }, { "start": 999.1, "end": 999.3, "word": " that", "probability": 0.99853515625 }, { "start": 999.3, "end": 999.56, "word": " chart", "probability": 1.0 }, { "start": 999.56, "end": 999.72, "word": " and", "probability": 0.9912109375 }, { "start": 999.72, "end": 1000.1, "word": " assume", "probability": 1.0 }, { "start": 1000.1, "end": 1001.0, "word": " Bitcoin's", "probability": 0.99853515625 }, { "start": 1001.0, "end": 1001.28, "word": " best", "probability": 0.9990234375 }, { "start": 1001.28, "end": 1001.7, "word": " runs", "probability": 1.0 }, { "start": 1001.7, "end": 1002.14, "word": " are", "probability": 1.0 }, { "start": 1002.14, "end": 1002.38, "word": " a", "probability": 1.0 }, { "start": 1002.38, "end": 1002.56, "word": " thing", "probability": 0.99951171875 }, { "start": 1002.56, "end": 1002.66, "word": " of", "probability": 1.0 }, { "start": 1002.66, "end": 1002.76, "word": " the", "probability": 0.99951171875 } ] }, { "start": 1002.76, "end": 1007.9, "text": "past, and it's not going to be an outperformer anytime soon. A lot of that shrinking is due", "speaker_id": "Speaker 1", "words": [ { "start": 1002.76, "end": 1003.2, "word": " past,", "probability": 1.0 }, { "start": 1003.24, "end": 1003.64, "word": " and", "probability": 1.0 }, { "start": 1003.64, "end": 1003.86, "word": " it's", "probability": 0.999755859375 }, { "start": 1003.86, "end": 1004.02, "word": " not", "probability": 1.0 }, { "start": 1004.02, "end": 1004.14, "word": " going", "probability": 0.93505859375 }, { "start": 1004.14, "end": 1004.18, "word": " to", "probability": 1.0 }, { "start": 1004.18, "end": 1004.26, "word": " be", "probability": 1.0 }, { "start": 1004.26, "end": 1004.36, "word": " an", "probability": 0.99951171875 }, { "start": 1004.36, "end": 1005.08, "word": " outperformer", "probability": 0.9954427083333334 }, { "start": 1005.08, "end": 1005.48, "word": " anytime", "probability": 0.93408203125 }, { "start": 1005.48, "end": 1005.88, "word": " soon.", "probability": 1.0 }, { "start": 1006.06, "end": 1006.4, "word": 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The people who wanted out at the psychological", "speaker_id": "Speaker 1", "words": [ { "start": 1021.78, "end": 1022.06, "word": " at", "probability": 0.99951171875 }, { "start": 1022.06, "end": 1022.26, "word": " six", "probability": 0.9140625 }, { "start": 1022.26, "end": 1022.58, "word": " figures.", "probability": 0.99951171875 }, { "start": 1022.82, "end": 1023.34, "word": " And", "probability": 0.9970703125 }, { "start": 1023.34, "end": 1023.72, "word": " that", "probability": 0.97607421875 }, { "start": 1023.72, "end": 1024.12, "word": " selling", "probability": 0.96630859375 }, { "start": 1024.12, "end": 1024.7, "word": " is", "probability": 1.0 }, { "start": 1024.7, "end": 1024.94, "word": " done.", "probability": 1.0 }, { "start": 1025.16, "end": 1025.58, "word": " The", "probability": 0.99951171875 }, { "start": 1025.58, "end": 1025.8, "word": " people", "probability": 1.0 }, { "start": 1025.8, "end": 1025.94, "word": " who", "probability": 1.0 }, { "start": 1025.94, "end": 1026.18, "word": " wanted", "probability": 0.9140625 }, { "start": 1026.18, "end": 1026.46, "word": " out", "probability": 0.99853515625 }, { "start": 1026.46, "end": 1026.64, "word": " at", "probability": 0.9990234375 }, { "start": 1026.64, "end": 1026.78, "word": " the", "probability": 0.99853515625 }, { "start": 1026.78, "end": 1027.32, "word": " psychological", "probability": 0.99951171875 } ] }, { "start": 1027.32, "end": 1033.72, "text": "milestone of $100 ,000 got out. 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Holders in profit are now moving about four coins for every one sold", "speaker_id": "Speaker 1", "words": [ { "start": 1033.72, "end": 1033.96, "word": " from", "probability": 0.99951171875 }, { "start": 1033.96, "end": 1034.1, "word": " its", "probability": 0.99951171875 }, { "start": 1034.1, "end": 1034.32, "word": " August", "probability": 0.98876953125 }, { "start": 1034.32, "end": 1034.6, "word": " peak.", "probability": 0.99951171875 }, { "start": 1035.1, "end": 1035.46, "word": " Holders", "probability": 0.995361328125 }, { "start": 1035.46, "end": 1035.64, "word": " in", "probability": 0.9814453125 }, { "start": 1035.64, "end": 1036.08, "word": " profit", "probability": 0.9755859375 }, { "start": 1036.08, "end": 1036.36, "word": " are", "probability": 1.0 }, { "start": 1036.36, "end": 1036.54, "word": " now", "probability": 1.0 }, { "start": 1036.54, "end": 1036.9, "word": " moving", "probability": 1.0 }, { "start": 1036.9, "end": 1037.24, "word": " about", "probability": 0.99951171875 }, { "start": 1037.24, "end": 1037.58, "word": " four", "probability": 0.99365234375 }, { "start": 1037.58, "end": 1038.02, "word": " coins", "probability": 1.0 }, { "start": 1038.02, "end": 1038.26, "word": " for", "probability": 1.0 }, { "start": 1038.26, "end": 1038.58, "word": " every", "probability": 0.93359375 }, { "start": 1038.58, "end": 1038.98, "word": " one", "probability": 0.7744140625 }, { "start": 1038.98, "end": 1039.68, "word": " sold", "probability": 0.951171875 } ] }, { "start": 1039.68, "end": 1045.52, "text": "at a loss. And at the June low, it was one for every 12th. The bear market that followed", "speaker_id": "Speaker 1", "words": [ { "start": 1039.68, "end": 1039.8, "word": " at", "probability": 0.99951171875 }, { "start": 1039.8, "end": 1039.9, "word": " a", "probability": 1.0 }, { "start": 1039.9, "end": 1040.22, "word": " loss.", "probability": 1.0 }, { "start": 1040.4, "end": 1040.72, "word": " And", "probability": 0.91259765625 }, { "start": 1040.72, "end": 1040.94, "word": " at", "probability": 0.9990234375 }, { "start": 1040.94, "end": 1041.04, "word": " the", "probability": 1.0 }, { "start": 1041.04, "end": 1041.24, "word": " June", "probability": 0.99951171875 }, { "start": 1041.24, "end": 1041.5, "word": " low,", "probability": 0.9990234375 }, { "start": 1041.68, "end": 1041.98, "word": " it", "probability": 1.0 }, { "start": 1041.98, "end": 1042.16, "word": " was", "probability": 1.0 }, { "start": 1042.16, "end": 1042.44, "word": " one", "probability": 0.9794921875 }, { "start": 1042.44, "end": 1042.66, "word": " for", "probability": 1.0 }, { "start": 1042.66, "end": 1043.1, "word": " every", "probability": 1.0 }, { "start": 1043.1, "end": 1043.72, "word": " 12th.", "probability": 0.7529296875 }, { "start": 1043.86, "end": 1044.34, "word": " The", "probability": 0.99951171875 }, { "start": 1044.34, "end": 1044.52, "word": " bear", "probability": 0.99658203125 }, { "start": 1044.52, "end": 1044.88, "word": " market", "probability": 1.0 }, { "start": 1044.88, "end": 1045.08, "word": " that", "probability": 1.0 }, { "start": 1045.08, "end": 1045.52, "word": " followed", "probability": 0.9990234375 } ] }, { "start": 1045.52, "end": 1052.44, "text": "fell about 52%, the shallowest in Bitcoin's history, against 78%, 84%, and 87 %", "speaker_id": "Speaker 1", "words": [ { "start": 1045.52, "end": 1045.88, "word": " fell", "probability": 0.9990234375 }, { "start": 1045.88, "end": 1046.18, "word": " about", "probability": 0.99951171875 }, { "start": 1046.18, "end": 1047.02, "word": " 52%,", "probability": 0.95849609375 }, { "start": 1047.02, "end": 1047.26, "word": " the", "probability": 0.99951171875 }, { "start": 1047.26, "end": 1047.72, "word": " shallowest", "probability": 0.999755859375 }, { "start": 1047.72, "end": 1047.84, "word": " in", "probability": 1.0 }, { "start": 1047.84, "end": 1048.28, "word": " Bitcoin's", "probability": 0.996337890625 }, { "start": 1048.28, "end": 1048.54, "word": " history,", "probability": 0.9970703125 }, { "start": 1048.94, "end": 1049.2, "word": " against", "probability": 1.0 }, { "start": 1049.2, "end": 1050.14, "word": " 78%,", "probability": 0.999267578125 }, { "start": 1050.14, "end": 1051.14, "word": " 84%,", "probability": 0.987060546875 }, { "start": 1051.14, "end": 1051.56, "word": " and", "probability": 1.0 }, { "start": 1051.56, "end": 1052.12, "word": " 87", "probability": 1.0 }, { "start": 1052.12, "end": 1052.44, "word": "%", "probability": 0.99755859375 } ] }, { "start": 1052.44, "end": 1056.84, "text": "in the cycles that preceded it. It never closed below the average price that every holder", "speaker_id": "Speaker 1", "words": [ { "start": 1052.44, "end": 1052.74, "word": " in", "probability": 1.0 }, { "start": 1052.74, "end": 1052.82, "word": " the", "probability": 0.99951171875 }, { "start": 1052.82, "end": 1053.1, "word": " cycles", "probability": 0.9970703125 }, { "start": 1053.1, "end": 1053.24, "word": " that", "probability": 1.0 }, { "start": 1053.24, "end": 1053.62, "word": " preceded", "probability": 0.9833984375 }, { "start": 1053.62, "end": 1053.76, "word": " it.", "probability": 0.99853515625 }, { "start": 1053.96, "end": 1054.44, "word": " It", "probability": 1.0 }, { "start": 1054.44, "end": 1054.72, "word": " never", "probability": 1.0 }, { "start": 1054.72, "end": 1055.12, "word": " closed", "probability": 1.0 }, { "start": 1055.12, "end": 1055.34, "word": " below", "probability": 1.0 }, { "start": 1055.34, "end": 1055.52, "word": " the", "probability": 1.0 }, { "start": 1055.52, "end": 1055.86, "word": " average", "probability": 0.99853515625 }, { "start": 1055.86, "end": 1056.2, "word": " price", "probability": 1.0 }, { "start": 1056.2, "end": 1056.36, "word": " that", "probability": 0.9990234375 }, { "start": 1056.36, "end": 1056.6, "word": " every", "probability": 0.99560546875 }, { "start": 1056.6, "end": 1056.84, "word": " holder", "probability": 0.99267578125 } ] }, { "start": 1056.84, "end": 1062.0, "text": "paid for their coins, which it did in both 2018 and 2022. Now look, I'm not going to tell", "speaker_id": "Speaker 1", "words": [ { "start": 1056.84, "end": 1057.14, "word": " paid", "probability": 1.0 }, { "start": 1057.14, "end": 1057.3, "word": " for", "probability": 1.0 }, { "start": 1057.3, "end": 1057.42, "word": " their", "probability": 0.9970703125 }, { "start": 1057.42, "end": 1057.7, "word": " coins,", "probability": 0.9990234375 }, { "start": 1057.84, "end": 1057.9, "word": " which", "probability": 0.9970703125 }, { "start": 1057.9, "end": 1058.04, "word": " it", "probability": 0.99462890625 }, { "start": 1058.04, "end": 1058.22, "word": " did", "probability": 0.9990234375 }, { "start": 1058.22, "end": 1058.44, "word": " in", "probability": 0.99951171875 }, { "start": 1058.44, "end": 1058.62, "word": " both", "probability": 0.99951171875 }, { "start": 1058.62, "end": 1059.1, "word": " 2018", "probability": 0.99951171875 }, { "start": 1059.1, "end": 1059.8, "word": " and", "probability": 1.0 }, { "start": 1059.8, "end": 1060.22, "word": " 2022.", "probability": 0.99951171875 }, { "start": 1060.64, "end": 1061.08, "word": " Now", "probability": 0.99462890625 }, { "start": 1061.08, "end": 1061.2, "word": " look,", "probability": 0.5732421875 }, { "start": 1061.26, "end": 1061.42, "word": " I'm", "probability": 1.0 }, { "start": 1061.42, "end": 1061.52, "word": " not", "probability": 0.99951171875 }, { "start": 1061.52, "end": 1061.62, "word": " going", "probability": 0.94140625 }, { "start": 1061.62, "end": 1061.72, "word": " to", "probability": 0.99951171875 }, { "start": 1061.72, "end": 1062.0, "word": " tell", "probability": 0.99951171875 } ] }, { "start": 1062.0, "end": 1066.24, "text": "you there's no one left to sell. Plenty of people who bought in the last year or two have", "speaker_id": "Speaker 1", "words": [ { "start": 1062.0, "end": 1062.28, "word": " you", "probability": 0.99951171875 }, { "start": 1062.28, "end": 1062.68, "word": " there's", "probability": 0.999267578125 }, { "start": 1062.68, "end": 1062.94, "word": " no", "probability": 0.99951171875 }, { "start": 1062.94, "end": 1063.12, "word": " one", "probability": 0.99951171875 }, { "start": 1063.12, "end": 1063.32, "word": " left", "probability": 0.99658203125 }, { "start": 1063.32, "end": 1063.5, "word": " to", "probability": 1.0 }, { "start": 1063.5, "end": 1063.72, "word": " sell.", "probability": 0.9990234375 }, { "start": 1063.84, "end": 1064.02, "word": " Plenty", "probability": 0.998779296875 }, { "start": 1064.02, "end": 1064.14, "word": " of", "probability": 0.99951171875 }, { "start": 1064.14, "end": 1064.38, "word": " people", "probability": 0.99951171875 }, { "start": 1064.38, "end": 1064.56, "word": " who", "probability": 0.99951171875 }, { "start": 1064.56, "end": 1064.82, "word": " bought", "probability": 0.99951171875 }, { "start": 1064.82, "end": 1064.96, "word": " in", "probability": 0.9990234375 }, { "start": 1064.96, "end": 1065.04, "word": " the", "probability": 0.99951171875 }, { "start": 1065.04, "end": 1065.28, "word": " last", "probability": 0.99951171875 }, { "start": 1065.28, "end": 1065.48, "word": " year", "probability": 1.0 }, { "start": 1065.48, "end": 1065.6, "word": " or", "probability": 0.99951171875 }, { "start": 1065.6, "end": 1065.78, "word": " two", "probability": 0.99853515625 }, { "start": 1065.78, "end": 1066.24, "word": " have", "probability": 0.99560546875 } ] }, { "start": 1066.24, "end": 1071.28, "text": "an average cost between 88K and 100K, and some of them will sell to get their money back on", "speaker_id": "Speaker 1", "words": [ { "start": 1066.24, "end": 1066.34, "word": " an", "probability": 0.99951171875 }, { "start": 1066.34, "end": 1066.58, "word": " average", "probability": 0.99951171875 }, { "start": 1066.58, "end": 1066.9, "word": " cost", "probability": 0.9970703125 }, { "start": 1066.9, "end": 1067.2, "word": " between", "probability": 0.9951171875 }, { "start": 1067.2, "end": 1067.9, "word": " 88K", "probability": 0.5999755859375 }, { "start": 1067.9, "end": 1068.04, "word": " and", "probability": 1.0 }, { "start": 1068.04, "end": 1068.52, "word": " 100K,", "probability": 0.999267578125 }, { "start": 1068.7, "end": 1069.1, "word": " and", "probability": 0.99853515625 }, { "start": 1069.1, "end": 1069.42, "word": " some", "probability": 1.0 }, { "start": 1069.42, "end": 1069.52, "word": " of", "probability": 1.0 }, { "start": 1069.52, "end": 1069.76, "word": " them", "probability": 1.0 }, { "start": 1069.76, "end": 1070.04, "word": " will", "probability": 0.99951171875 }, { "start": 1070.04, "end": 1070.28, "word": " sell", "probability": 1.0 }, { "start": 1070.28, "end": 1070.4, "word": " to", "probability": 1.0 }, { "start": 1070.4, "end": 1070.56, "word": " get", "probability": 1.0 }, { "start": 1070.56, "end": 1070.66, "word": " their", "probability": 1.0 }, { "start": 1070.66, "end": 1070.84, "word": " money", "probability": 1.0 }, { "start": 1070.84, "end": 1071.08, "word": " back", "probability": 1.0 }, { "start": 1071.08, "end": 1071.28, "word": " on", "probability": 0.99951171875 } ] }, { "start": 1071.28, "end": 1074.4, "text": "the way up. And in fact, it's one of the reasons why Bitcoin is stuck where it is right", "speaker_id": "Speaker 1", "words": [ { "start": 1071.28, "end": 1071.36, "word": " the", "probability": 1.0 }, { "start": 1071.36, "end": 1071.48, "word": " way", "probability": 0.99951171875 }, { "start": 1071.48, "end": 1071.64, "word": " up.", "probability": 1.0 }, { "start": 1071.7, "end": 1071.76, "word": " And", "probability": 0.97216796875 }, { "start": 1071.76, "end": 1071.9, "word": " in", "probability": 0.986328125 }, { "start": 1071.9, "end": 1072.08, "word": " fact,", "probability": 1.0 }, { "start": 1072.24, "end": 1072.6, "word": " it's", "probability": 1.0 }, { "start": 1072.6, "end": 1072.72, "word": " one", "probability": 1.0 }, { "start": 1072.72, "end": 1072.8, "word": " of", "probability": 1.0 }, { "start": 1072.8, "end": 1072.86, "word": " the", "probability": 0.99951171875 }, { "start": 1072.86, "end": 1073.12, "word": " reasons", "probability": 0.99462890625 }, { "start": 1073.12, "end": 1073.3, "word": " why", "probability": 0.99951171875 }, { "start": 1073.3, "end": 1073.54, "word": " Bitcoin", "probability": 0.9970703125 }, { "start": 1073.54, "end": 1073.7, "word": " is", "probability": 0.99755859375 }, { "start": 1073.7, "end": 1073.88, "word": " stuck", "probability": 0.9970703125 }, { "start": 1073.88, "end": 1074.04, "word": " where", "probability": 1.0 }, { "start": 1074.04, "end": 1074.12, "word": " it", "probability": 0.99951171875 }, { "start": 1074.12, "end": 1074.24, "word": " is", "probability": 0.99951171875 }, { "start": 1074.24, "end": 1074.4, "word": " right", "probability": 0.99951171875 } ] }, { "start": 1074.4, "end": 1079.22, "text": "now. We are working through those sellers. But the crowd that sold because $100 ,000 was", "speaker_id": "Speaker 1", "words": [ { "start": 1074.4, "end": 1074.58, "word": " now.", "probability": 1.0 }, { "start": 1074.66, "end": 1074.72, "word": " We", "probability": 0.99951171875 }, { "start": 1074.72, "end": 1074.84, "word": " are", "probability": 0.99853515625 }, { "start": 1074.84, "end": 1075.18, "word": " working", "probability": 1.0 }, { "start": 1075.18, "end": 1075.5, "word": " through", "probability": 1.0 }, { "start": 1075.5, "end": 1076.02, "word": " those", "probability": 0.9990234375 }, { "start": 1076.02, "end": 1076.32, "word": " sellers.", "probability": 0.99609375 }, { "start": 1076.52, "end": 1076.96, "word": " But", "probability": 0.99951171875 }, { "start": 1076.96, "end": 1077.24, "word": " the", "probability": 0.99951171875 }, { "start": 1077.24, "end": 1077.48, "word": " crowd", "probability": 0.99951171875 }, { "start": 1077.48, "end": 1077.64, "word": " that", "probability": 1.0 }, { "start": 1077.64, "end": 1077.92, "word": " sold", "probability": 0.99560546875 }, { "start": 1077.92, "end": 1078.2, "word": " because", "probability": 0.95166015625 }, { "start": 1078.2, "end": 1078.5, "word": " $100", "probability": 0.9921875 }, { "start": 1078.5, "end": 1078.78, "word": ",000", "probability": 0.998779296875 }, { "start": 1078.78, "end": 1079.22, "word": " was", "probability": 1.0 } ] }, { "start": 1079.22, "end": 1085.06, "text": "the dream has already sold. So the next time Bitcoin gets to 100K, I don't think it chops", "speaker_id": "Speaker 1", "words": [ { "start": 1079.22, "end": 1079.38, "word": " the", "probability": 1.0 }, { "start": 1079.38, "end": 1079.74, "word": " dream", "probability": 0.99951171875 }, { "start": 1079.74, "end": 1080.16, "word": " has", "probability": 0.994140625 }, { "start": 1080.16, "end": 1080.62, "word": " already", "probability": 1.0 }, { "start": 1080.62, "end": 1081.16, "word": " sold.", "probability": 1.0 }, { "start": 1081.5, "end": 1081.82, "word": " So", "probability": 0.99951171875 }, { "start": 1081.82, "end": 1082.08, "word": " the", "probability": 0.96484375 }, { "start": 1082.08, "end": 1082.26, "word": " next", "probability": 1.0 }, { "start": 1082.26, "end": 1082.46, "word": " time", "probability": 1.0 }, { "start": 1082.46, "end": 1082.74, "word": " Bitcoin", "probability": 1.0 }, { "start": 1082.74, "end": 1083.12, "word": " gets", "probability": 1.0 }, { "start": 1083.12, "end": 1083.26, "word": " to", "probability": 1.0 }, { "start": 1083.26, "end": 1083.8, "word": " 100K,", "probability": 0.996337890625 }, { "start": 1084.06, "end": 1084.28, "word": " I", "probability": 1.0 }, { "start": 1084.28, "end": 1084.48, "word": " don't", "probability": 1.0 }, { "start": 1084.48, "end": 1084.64, "word": " think", "probability": 1.0 }, { "start": 1084.64, "end": 1084.78, "word": " it", "probability": 1.0 }, { "start": 1084.78, "end": 1085.06, "word": " chops", "probability": 0.93212890625 } ] }, { "start": 1085.06, "end": 1090.18, "text": "around there. I think it goes straight through it. And the next real milestone after that", "speaker_id": "Speaker 1", "words": [ { "start": 1085.06, "end": 1085.4, "word": " around", "probability": 1.0 }, { "start": 1085.4, "end": 1085.68, "word": " there.", "probability": 1.0 }, { "start": 1085.82, "end": 1086.14, "word": " I", "probability": 1.0 }, { "start": 1086.14, "end": 1086.34, "word": " think", "probability": 1.0 }, { "start": 1086.34, "end": 1086.48, "word": " it", "probability": 1.0 }, { "start": 1086.48, "end": 1086.86, "word": " goes", "probability": 1.0 }, { "start": 1086.86, "end": 1087.4, "word": " straight", "probability": 0.99951171875 }, { "start": 1087.4, "end": 1087.66, "word": " through", "probability": 1.0 }, { "start": 1087.66, "end": 1087.86, "word": " it.", "probability": 0.99951171875 }, { "start": 1088.0, "end": 1088.42, "word": " And", "probability": 0.96728515625 }, { "start": 1088.42, "end": 1088.66, "word": " the", "probability": 1.0 }, { "start": 1088.66, "end": 1088.86, "word": " next", "probability": 1.0 }, { "start": 1088.86, "end": 1089.04, "word": " real", "probability": 0.99951171875 }, { "start": 1089.04, "end": 1089.48, "word": " milestone", "probability": 1.0 }, { "start": 1089.48, "end": 1089.84, "word": " after", "probability": 1.0 }, { "start": 1089.84, "end": 1090.18, "word": " that", "probability": 1.0 } ] }, { "start": 1090.18, "end": 1095.9, "text": "is $250 ,000, a quarter of the way to million. That's about three times from here and about", "speaker_id": "Speaker 1", "words": [ { "start": 1090.18, "end": 1090.48, "word": " is", "probability": 1.0 }, { "start": 1090.48, "end": 1091.16, "word": " $250", "probability": 0.99951171875 }, { "start": 1091.16, "end": 1091.74, "word": ",000,", "probability": 1.0 }, { "start": 1092.02, "end": 1092.1, "word": " a", "probability": 0.99951171875 }, { "start": 1092.1, "end": 1092.36, "word": " quarter", "probability": 1.0 }, { "start": 1092.36, "end": 1092.52, "word": " of", "probability": 1.0 }, { "start": 1092.52, "end": 1092.6, "word": " the", "probability": 1.0 }, { "start": 1092.6, "end": 1092.72, "word": " way", "probability": 0.99951171875 }, { "start": 1092.72, "end": 1092.8, "word": " to", "probability": 1.0 }, { "start": 1092.8, "end": 1093.2, "word": " million.", "probability": 0.7275390625 }, { "start": 1093.52, "end": 1093.96, "word": " That's", "probability": 0.989501953125 }, { "start": 1093.96, "end": 1094.16, "word": " about", "probability": 0.99951171875 }, { "start": 1094.16, "end": 1094.42, "word": " three", "probability": 0.9716796875 }, { "start": 1094.42, "end": 1094.8, "word": " times", "probability": 1.0 }, { "start": 1094.8, "end": 1095.0, "word": " from", "probability": 1.0 }, { "start": 1095.0, "end": 1095.28, "word": " here", "probability": 1.0 }, { "start": 1095.28, "end": 1095.52, "word": " and", "probability": 0.85009765625 }, { "start": 1095.52, "end": 1095.9, "word": " about", "probability": 0.99609375 } ] }, { "start": 1095.9, "end": 1101.78, "text": "$5 trillion of market value. Bigger than all but a handful of companies on earth. And it", "speaker_id": "Speaker 1", "words": [ { "start": 1095.9, "end": 1096.28, "word": " $5", "probability": 0.92919921875 }, { "start": 1096.28, "end": 1096.6, "word": " trillion", "probability": 0.99951171875 }, { "start": 1096.6, "end": 1097.24, "word": " of", "probability": 0.99267578125 }, { "start": 1097.24, "end": 1097.52, "word": " market", "probability": 0.99951171875 }, { "start": 1097.52, "end": 1097.86, "word": " value.", "probability": 1.0 }, { "start": 1098.0, "end": 1098.4, "word": " Bigger", "probability": 0.9990234375 }, { "start": 1098.4, "end": 1098.6, "word": " than", "probability": 1.0 }, { "start": 1098.6, "end": 1099.16, "word": " all", "probability": 0.99951171875 }, { "start": 1099.16, "end": 1099.36, "word": " but", "probability": 0.916015625 }, { "start": 1099.36, "end": 1099.46, "word": " a", "probability": 0.99951171875 }, { "start": 1099.46, "end": 1099.8, "word": " handful", "probability": 0.99951171875 }, { "start": 1099.8, "end": 1100.1, "word": " of", "probability": 1.0 }, { "start": 1100.1, "end": 1100.46, "word": " companies", "probability": 0.9990234375 }, { "start": 1100.46, "end": 1101.14, "word": " on", "probability": 0.99951171875 }, { "start": 1101.14, "end": 1101.38, "word": " earth.", "probability": 0.64404296875 }, { "start": 1101.52, "end": 1101.7, "word": " And", "probability": 0.98779296875 }, { "start": 1101.7, "end": 1101.78, "word": " it", "probability": 0.935546875 } ] }, { "start": 1101.78, "end": 1107.14, "text": "would add roughly $191 ,000 per Bitcoin from this cycle's low. The last cycle added about", "speaker_id": "Speaker 1", "words": [ { "start": 1101.78, "end": 1101.86, "word": " would", "probability": 0.9990234375 }, { "start": 1101.86, "end": 1102.08, "word": " add", "probability": 0.99951171875 }, { "start": 1102.08, "end": 1102.36, "word": " roughly", "probability": 0.9970703125 }, { "start": 1102.36, "end": 1102.92, "word": " $191", "probability": 0.9996744791666666 }, { "start": 1102.92, "end": 1103.32, "word": ",000", "probability": 0.99755859375 }, { "start": 1103.32, "end": 1103.76, "word": " per", "probability": 0.99853515625 }, { "start": 1103.76, "end": 1104.1, "word": " Bitcoin", "probability": 0.94091796875 }, { "start": 1104.1, "end": 1104.64, "word": " from", "probability": 0.99951171875 }, { "start": 1104.64, "end": 1104.9, "word": " this", "probability": 0.99951171875 }, { "start": 1104.9, "end": 1105.34, "word": " cycle's", "probability": 0.999267578125 }, { "start": 1105.34, "end": 1105.54, "word": " low.", "probability": 0.86279296875 }, { "start": 1105.74, "end": 1106.14, "word": " The", "probability": 0.99951171875 }, { "start": 1106.14, "end": 1106.32, "word": " last", "probability": 0.9990234375 }, { "start": 1106.32, "end": 1106.6, "word": " cycle", "probability": 0.99951171875 }, { "start": 1106.6, "end": 1106.84, "word": " added", "probability": 0.99951171875 }, { "start": 1106.84, "end": 1107.14, "word": " about", "probability": 0.99951171875 } ] }, { "start": 1107.14, "end": 1113.46, "text": "$111 ,000 per coin. The most Bitcoin had ever gained in a single run. So $250K would be", "speaker_id": "Speaker 1", "words": [ { "start": 1107.14, "end": 1107.84, "word": " $111", "probability": 0.9967447916666666 }, { "start": 1107.84, "end": 1108.16, "word": ",000", "probability": 0.999755859375 }, { "start": 1108.16, "end": 1108.52, "word": " per", "probability": 0.99951171875 }, { "start": 1108.52, "end": 1108.78, "word": " coin.", "probability": 0.99658203125 }, { "start": 1108.9, "end": 1109.26, "word": " The", "probability": 0.98486328125 }, { "start": 1109.26, "end": 1109.42, "word": " most", "probability": 0.9990234375 }, { "start": 1109.42, "end": 1109.72, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 1109.72, "end": 1109.92, "word": " had", "probability": 0.99951171875 }, { "start": 1109.92, "end": 1110.16, "word": " ever", "probability": 0.99853515625 }, { "start": 1110.16, "end": 1110.52, "word": " gained", "probability": 0.99853515625 }, { "start": 1110.52, "end": 1110.76, "word": " in", "probability": 1.0 }, { "start": 1110.76, "end": 1110.86, "word": " a", "probability": 0.99951171875 }, { "start": 1110.86, "end": 1111.04, "word": " single", "probability": 0.9765625 }, { "start": 1111.04, "end": 1111.3, "word": " run.", "probability": 0.99951171875 }, { "start": 1111.44, "end": 1111.52, "word": " So", "probability": 0.99609375 }, { "start": 1111.52, "end": 1112.88, "word": " $250K", "probability": 0.69775390625 }, { "start": 1112.88, "end": 1113.34, "word": " would", "probability": 0.99951171875 }, { "start": 1113.34, "end": 1113.46, "word": " be", "probability": 1.0 } ] }, { "start": 1113.46, "end": 1117.76, "text": "close to double the biggest dollar move in Bitcoin's history. You probably see some", "speaker_id": "Speaker 1", "words": [ { "start": 1113.46, "end": 1113.76, "word": " close", "probability": 0.99951171875 }, { "start": 1113.76, "end": 1113.96, "word": " to", "probability": 1.0 }, { "start": 1113.96, "end": 1114.28, "word": " double", "probability": 0.9951171875 }, { "start": 1114.28, "end": 1114.78, "word": " the", "probability": 1.0 }, { "start": 1114.78, "end": 1115.06, "word": " biggest", "probability": 0.998046875 }, { "start": 1115.06, "end": 1115.28, "word": " dollar", "probability": 0.99658203125 }, { "start": 1115.28, "end": 1115.62, "word": " move", "probability": 0.99853515625 }, { "start": 1115.62, "end": 1115.84, "word": " in", "probability": 0.99951171875 }, { "start": 1115.84, "end": 1116.34, "word": " Bitcoin's", "probability": 0.99951171875 }, { "start": 1116.34, "end": 1116.54, "word": " history.", "probability": 0.99951171875 }, { "start": 1116.76, "end": 1117.18, "word": " You", "probability": 1.0 }, { "start": 1117.18, "end": 1117.4, "word": " probably", "probability": 0.92919921875 }, { "start": 1117.4, "end": 1117.58, "word": " see", "probability": 0.9951171875 }, { "start": 1117.58, "end": 1117.76, "word": " some", "probability": 0.99951171875 } ] }, { "start": 1117.76, "end": 1123.76, "text": "resistance at $250K. The real wall is $500 ,000. And that's no coincidence, to beat the", "speaker_id": "Speaker 1", "words": [ { "start": 1117.76, "end": 1118.14, "word": " resistance", "probability": 0.9990234375 }, { "start": 1118.14, "end": 1118.36, "word": " at", "probability": 0.9990234375 }, { "start": 1118.36, "end": 1119.26, "word": " $250K.", "probability": 0.9977213541666666 }, { "start": 1119.46, "end": 1119.76, "word": " The", "probability": 0.99951171875 }, { "start": 1119.76, "end": 1120.02, "word": " real", "probability": 0.99951171875 }, { "start": 1120.02, "end": 1120.32, "word": " wall", "probability": 0.97900390625 }, { "start": 1120.32, "end": 1120.56, "word": " is", "probability": 1.0 }, { "start": 1120.56, "end": 1121.04, "word": " $500", "probability": 0.999755859375 }, { "start": 1121.04, "end": 1121.5, "word": ",000.", "probability": 0.999267578125 }, { "start": 1121.9, "end": 1122.16, "word": " And", "probability": 0.99462890625 }, { "start": 1122.16, "end": 1122.34, "word": " that's", "probability": 0.99951171875 }, { "start": 1122.34, "end": 1122.48, "word": " no", "probability": 0.91015625 }, { "start": 1122.48, "end": 1122.88, "word": " coincidence,", "probability": 0.99951171875 }, { "start": 1123.14, "end": 1123.48, "word": " to", "probability": 1.0 }, { "start": 1123.48, "end": 1123.64, "word": " beat", "probability": 0.99951171875 }, { "start": 1123.64, "end": 1123.76, "word": " the", "probability": 0.99951171875 } ] }, { "start": 1123.76, "end": 1130.2, "text": "last cycle's 8 .2x, Bitcoin has to get to about $482 ,000. That's the level where this", "speaker_id": "Speaker 1", "words": [ { "start": 1123.76, "end": 1123.96, "word": " last", "probability": 1.0 }, { "start": 1123.96, "end": 1124.34, "word": " cycle's", "probability": 0.99462890625 }, { "start": 1124.34, "end": 1124.54, "word": " 8", "probability": 0.9833984375 }, { "start": 1124.54, "end": 1125.1, "word": ".2x,", "probability": 0.9695638020833334 }, { "start": 1125.26, "end": 1125.56, "word": " Bitcoin", "probability": 0.97021484375 }, { "start": 1125.56, "end": 1125.86, "word": " has", "probability": 1.0 }, { "start": 1125.86, "end": 1126.0, "word": " to", "probability": 1.0 }, { "start": 1126.0, "end": 1126.12, "word": " get", "probability": 0.99951171875 }, { "start": 1126.12, "end": 1126.28, "word": " to", "probability": 1.0 }, { "start": 1126.28, "end": 1126.48, "word": " about", "probability": 0.9951171875 }, { "start": 1126.48, "end": 1127.52, "word": " $482", "probability": 0.9811197916666666 }, { "start": 1127.52, "end": 1128.3, "word": ",000.", "probability": 0.99853515625 }, { "start": 1128.78, "end": 1129.3, "word": " That's", "probability": 0.99951171875 }, { "start": 1129.3, "end": 1129.42, "word": " the", "probability": 0.9990234375 }, { "start": 1129.42, "end": 1129.68, "word": " level", "probability": 0.998046875 }, { "start": 1129.68, "end": 1129.92, "word": " where", "probability": 1.0 }, { "start": 1129.92, "end": 1130.2, "word": " this", "probability": 0.99951171875 } ] }, { "start": 1130.2, "end": 1134.8, "text": "becomes a bigger cycle than the last one, and it's where I'd expect a real fight between", "speaker_id": "Speaker 1", "words": [ { "start": 1130.2, "end": 1130.58, "word": " becomes", "probability": 1.0 }, { "start": 1130.58, "end": 1130.82, "word": " a", "probability": 1.0 }, { "start": 1130.82, "end": 1131.12, "word": " bigger", "probability": 0.99853515625 }, { "start": 1131.12, "end": 1131.66, "word": " cycle", "probability": 1.0 }, { "start": 1131.66, "end": 1132.2, "word": " than", "probability": 0.99951171875 }, { "start": 1132.2, "end": 1132.3, "word": " the", "probability": 0.99755859375 }, { "start": 1132.3, "end": 1132.54, "word": " last", "probability": 0.9990234375 }, { "start": 1132.54, "end": 1132.7, "word": " one,", "probability": 0.9990234375 }, { "start": 1132.8, "end": 1133.1, "word": " and", "probability": 0.99951171875 }, { "start": 1133.1, "end": 1133.32, "word": " it's", "probability": 0.999267578125 }, { "start": 1133.32, "end": 1133.44, "word": " where", "probability": 0.83642578125 }, { "start": 1133.44, "end": 1133.6, "word": " I'd", "probability": 0.99560546875 }, { "start": 1133.6, "end": 1133.84, "word": " expect", "probability": 0.9990234375 }, { "start": 1133.84, "end": 1134.04, "word": " a", "probability": 1.0 }, { "start": 1134.04, "end": 1134.24, "word": " real", "probability": 0.99609375 }, { "start": 1134.24, "end": 1134.56, "word": " fight", "probability": 0.99951171875 }, { "start": 1134.56, "end": 1134.8, "word": " between", "probability": 0.99951171875 } ] }, { "start": 1134.8, "end": 1140.34, "text": "buyers and sellers. So could the road there get bumpy at first? Of course. Hedge funds are", "speaker_id": "Speaker 1", "words": [ { "start": 1134.8, "end": 1135.14, "word": " buyers", "probability": 0.99755859375 }, { "start": 1135.14, "end": 1135.3, "word": " and", "probability": 1.0 }, { "start": 1135.3, "end": 1135.54, "word": " sellers.", "probability": 0.998046875 }, { "start": 1135.8, "end": 1136.2, "word": " So", "probability": 0.9482421875 }, { "start": 1136.2, "end": 1136.56, "word": " could", "probability": 0.69873046875 }, { "start": 1136.56, "end": 1136.72, "word": " the", "probability": 1.0 }, { "start": 1136.72, "end": 1136.96, "word": " road", "probability": 0.9970703125 }, { "start": 1136.96, "end": 1137.18, "word": " there", "probability": 0.998046875 }, { "start": 1137.18, "end": 1137.44, "word": " get", "probability": 1.0 }, { "start": 1137.44, "end": 1137.86, "word": " bumpy", "probability": 0.99951171875 }, { "start": 1137.86, "end": 1138.16, "word": " at", "probability": 1.0 }, { "start": 1138.16, "end": 1138.5, "word": " first?", "probability": 0.99951171875 }, { "start": 1138.76, "end": 1139.04, "word": " Of", "probability": 1.0 }, { "start": 1139.04, "end": 1139.36, "word": " course.", "probability": 1.0 }, { "start": 1139.58, "end": 1140.0, "word": " Hedge", "probability": 0.9990234375 }, { "start": 1140.0, "end": 1140.18, "word": " funds", "probability": 0.998046875 }, { "start": 1140.18, "end": 1140.34, "word": " are", "probability": 1.0 } ] }, { "start": 1140.34, "end": 1145.46, "text": "still unwinding, the midterms are November 3rd, and a drift back towards $75k is on the", "speaker_id": "Speaker 1", "words": [ { "start": 1140.34, "end": 1140.5, "word": " still", "probability": 0.9990234375 }, { "start": 1140.5, "end": 1141.08, "word": " unwinding,", "probability": 0.99951171875 }, { "start": 1141.24, "end": 1141.3, "word": " the", "probability": 0.99609375 }, { "start": 1141.3, "end": 1141.74, "word": " midterms", "probability": 0.9993489583333334 }, { "start": 1141.74, "end": 1141.88, "word": " are", "probability": 0.99951171875 }, { "start": 1141.88, "end": 1142.22, "word": " November", "probability": 0.998046875 }, { "start": 1142.22, "end": 1142.72, "word": " 3rd,", "probability": 0.988525390625 }, { "start": 1142.82, "end": 1142.92, "word": " and", "probability": 1.0 }, { "start": 1142.92, "end": 1143.08, "word": " a", "probability": 0.99853515625 }, { "start": 1143.08, "end": 1143.26, "word": " drift", "probability": 0.99853515625 }, { "start": 1143.26, "end": 1143.52, "word": " back", "probability": 0.982421875 }, { "start": 1143.52, "end": 1143.8, "word": " towards", "probability": 0.91357421875 }, { "start": 1143.8, "end": 1144.52, "word": " $75k", "probability": 0.8585611979166666 }, { "start": 1144.52, "end": 1145.0, "word": " is", "probability": 0.9990234375 }, { "start": 1145.0, "end": 1145.3, "word": " on", "probability": 1.0 }, { "start": 1145.3, "end": 1145.46, "word": " the", "probability": 0.99951171875 } ] }, { "start": 1145.46, "end": 1151.18, "text": "table. Near term, expect plenty of choppiness. But zoom out. In strategy's removal from", "speaker_id": "Speaker 1", "words": [ { "start": 1145.46, "end": 1145.78, "word": " table.", "probability": 0.998046875 }, { "start": 1146.18, "end": 1146.5, "word": " Near", "probability": 0.99853515625 }, { "start": 1146.5, "end": 1146.82, "word": " term,", "probability": 0.75927734375 }, { "start": 1147.02, "end": 1147.32, "word": " expect", "probability": 0.9990234375 }, { "start": 1147.32, "end": 1147.76, "word": " plenty", "probability": 1.0 }, { "start": 1147.76, "end": 1148.02, "word": " of", "probability": 1.0 }, { "start": 1148.02, "end": 1148.52, "word": " choppiness.", "probability": 0.9791666666666666 }, { "start": 1148.7, "end": 1149.14, "word": " But", "probability": 0.99853515625 }, { "start": 1149.14, "end": 1149.4, "word": " zoom", "probability": 0.8486328125 }, { "start": 1149.4, "end": 1149.66, "word": " out.", "probability": 0.99951171875 }, { "start": 1150.0, "end": 1150.08, "word": " In", "probability": 0.72412109375 }, { "start": 1150.08, "end": 1150.64, "word": " strategy's", "probability": 0.675048828125 }, { "start": 1150.64, "end": 1150.92, "word": " removal", "probability": 0.9970703125 }, { "start": 1150.92, "end": 1151.18, "word": " from", "probability": 0.99951171875 } ] }, { "start": 1151.18, "end": 1156.64, "text": "MSCI is a speed bump on the road to get what could be the biggest run of this entire", "speaker_id": "Speaker 1", "words": [ { "start": 1151.18, "end": 1151.7, "word": " MSCI", "probability": 0.998779296875 }, { "start": 1151.7, "end": 1151.96, "word": " is", "probability": 0.81982421875 }, { "start": 1151.96, "end": 1152.1, "word": " a", "probability": 0.9970703125 }, { "start": 1152.1, "end": 1152.34, "word": " speed", "probability": 0.9697265625 }, { "start": 1152.34, "end": 1152.68, "word": " bump", "probability": 0.9970703125 }, { "start": 1152.68, "end": 1152.92, "word": " on", "probability": 0.9970703125 }, { "start": 1152.92, "end": 1153.02, "word": " the", "probability": 1.0 }, { "start": 1153.02, "end": 1153.4, "word": " road", "probability": 1.0 }, { "start": 1153.4, "end": 1153.72, "word": " to", "probability": 0.99951171875 }, { "start": 1153.72, "end": 1153.96, "word": " get", "probability": 1.0 }, { "start": 1153.96, "end": 1154.2, "word": " what", "probability": 1.0 }, { "start": 1154.2, "end": 1154.48, "word": " could", "probability": 1.0 }, { "start": 1154.48, "end": 1154.76, "word": " be", "probability": 1.0 }, { "start": 1154.76, "end": 1155.28, "word": " the", "probability": 1.0 }, { "start": 1155.28, "end": 1155.6, "word": " biggest", "probability": 1.0 }, { "start": 1155.6, "end": 1155.88, "word": " run", "probability": 0.99951171875 }, { "start": 1155.88, "end": 1156.08, "word": " of", "probability": 1.0 }, { "start": 1156.08, "end": 1156.26, "word": " this", "probability": 0.9990234375 }, { "start": 1156.26, "end": 1156.64, "word": " entire", "probability": 0.99951171875 } ] }, { "start": 1156.64, "end": 1162.1, "text": "asset's life. So what does this mean for you? The headline is about a stock, and that stock", "speaker_id": "Speaker 1", "words": [ { "start": 1156.64, "end": 1157.24, "word": " asset's", "probability": 0.982421875 }, { "start": 1157.24, "end": 1157.52, "word": " life.", "probability": 0.99951171875 }, { "start": 1157.7, "end": 1158.18, "word": " So", "probability": 0.98828125 }, { "start": 1158.18, "end": 1158.42, "word": " what", "probability": 0.89013671875 }, { "start": 1158.42, "end": 1158.54, "word": " does", "probability": 1.0 }, { "start": 1158.54, "end": 1158.68, "word": " this", "probability": 0.99951171875 }, { "start": 1158.68, "end": 1158.86, "word": " mean", "probability": 1.0 }, { "start": 1158.86, "end": 1159.06, "word": " for", "probability": 0.99951171875 }, { "start": 1159.06, "end": 1159.24, "word": " you?", "probability": 1.0 }, { "start": 1159.48, "end": 1159.84, "word": " The", "probability": 1.0 }, { "start": 1159.84, "end": 1160.16, "word": " headline", "probability": 1.0 }, { "start": 1160.16, "end": 1160.42, "word": " is", "probability": 1.0 }, { "start": 1160.42, "end": 1160.62, "word": " about", "probability": 1.0 }, { "start": 1160.62, "end": 1160.78, "word": " a", "probability": 1.0 }, { "start": 1160.78, "end": 1161.14, "word": " stock,", "probability": 0.9990234375 }, { "start": 1161.18, "end": 1161.44, "word": " and", "probability": 1.0 }, { "start": 1161.44, "end": 1161.76, "word": " that", "probability": 1.0 }, { "start": 1161.76, "end": 1162.1, "word": " stock", "probability": 0.99951171875 } ] }, { "start": 1162.1, "end": 1166.8, "text": "is going to take hits through November. Your Bitcoin is an entirely separate asset with the", "speaker_id": "Speaker 1", "words": [ { "start": 1162.1, "end": 1162.34, "word": " is", "probability": 1.0 }, { "start": 1162.34, "end": 1162.48, "word": " going", "probability": 0.93505859375 }, { "start": 1162.48, "end": 1162.58, "word": " to", "probability": 1.0 }, { "start": 1162.58, "end": 1162.76, "word": " take", "probability": 0.99853515625 }, { "start": 1162.76, "end": 1163.0, "word": " hits", "probability": 0.99560546875 }, { "start": 1163.0, "end": 1163.18, "word": " through", "probability": 1.0 }, { "start": 1163.18, "end": 1163.52, "word": " November.", "probability": 0.99951171875 }, { "start": 1163.82, "end": 1164.22, "word": " Your", "probability": 0.99951171875 }, { "start": 1164.22, "end": 1164.44, "word": " Bitcoin", "probability": 0.9638671875 }, { "start": 1164.44, "end": 1164.86, "word": " is", "probability": 1.0 }, { "start": 1164.86, "end": 1165.02, "word": " an", "probability": 1.0 }, { "start": 1165.02, "end": 1165.48, "word": " entirely", "probability": 1.0 }, { "start": 1165.48, "end": 1165.96, "word": " separate", "probability": 1.0 }, { "start": 1165.96, "end": 1166.42, "word": " asset", "probability": 1.0 }, { "start": 1166.42, "end": 1166.64, "word": " with", "probability": 0.97900390625 }, { "start": 1166.64, "end": 1166.8, "word": " the", "probability": 1.0 } ] }, { "start": 1166.8, "end": 1172.12, "text": "same 21 million coins it had last week and the week before that. And a wall of Wall Street", "speaker_id": "Speaker 1", "words": [ { "start": 1166.8, "end": 1167.04, "word": " same", "probability": 0.998046875 }, { "start": 1167.04, "end": 1167.36, "word": " 21", "probability": 0.99853515625 }, { "start": 1167.36, "end": 1167.64, "word": " million", "probability": 0.99951171875 }, { "start": 1167.64, "end": 1168.06, "word": " coins", "probability": 0.99951171875 }, { "start": 1168.06, "end": 1168.28, "word": " it", "probability": 1.0 }, { "start": 1168.28, "end": 1168.56, "word": " had", "probability": 1.0 }, { "start": 1168.56, "end": 1169.24, "word": " last", "probability": 0.99951171875 }, { "start": 1169.24, "end": 1169.52, "word": " week", "probability": 1.0 }, { "start": 1169.52, "end": 1169.7, "word": " and", "probability": 0.9951171875 }, { "start": 1169.7, "end": 1169.9, "word": " the", "probability": 0.9970703125 }, { "start": 1169.9, "end": 1170.02, "word": " week", "probability": 0.99560546875 }, { "start": 1170.02, "end": 1170.28, "word": " before", "probability": 0.99951171875 }, { "start": 1170.28, "end": 1170.54, "word": " that.", "probability": 0.9990234375 }, { "start": 1170.76, "end": 1171.16, "word": " And", "probability": 0.99951171875 }, { "start": 1171.16, "end": 1171.3, "word": " a", "probability": 0.97265625 }, { "start": 1171.3, "end": 1171.58, "word": " wall", "probability": 0.99951171875 }, { "start": 1171.58, "end": 1171.74, "word": " of", "probability": 1.0 }, { "start": 1171.74, "end": 1171.92, "word": " Wall", "probability": 0.99853515625 }, { "start": 1171.92, "end": 1172.12, "word": " Street", "probability": 0.9833984375 } ] }, { "start": 1172.12, "end": 1176.76, "text": "money now has a door to it. So let me bring this home. 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The first was the closing bell on November 30th. 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And", "speaker_id": "Speaker 1", "words": [ { "start": 1181.04, "end": 1181.4, "word": " 43", "probability": 0.998046875 }, { "start": 1181.4, "end": 1181.68, "word": " days,", "probability": 0.99951171875 }, { "start": 1181.86, "end": 1181.96, "word": " a", "probability": 0.99951171875 }, { "start": 1181.96, "end": 1182.34, "word": " rulebook", "probability": 0.90869140625 }, { "start": 1182.34, "end": 1182.66, "word": " forces", "probability": 0.99951171875 }, { "start": 1182.66, "end": 1182.92, "word": " up", "probability": 1.0 }, { "start": 1182.92, "end": 1183.08, "word": " to", "probability": 0.99951171875 }, { "start": 1183.08, "end": 1183.3, "word": " $2", "probability": 0.96484375 }, { "start": 1183.3, "end": 1183.62, "word": ".8", "probability": 0.999755859375 }, { "start": 1183.62, "end": 1183.92, "word": " billion", "probability": 0.99951171875 }, { "start": 1183.92, "end": 1184.34, "word": " of", "probability": 0.99462890625 }, { "start": 1184.34, "end": 1184.64, "word": " strategy", "probability": 0.9892578125 }, { "start": 1184.64, "end": 1185.04, "word": " stock", "probability": 0.99951171875 }, { "start": 1185.04, "end": 1185.28, "word": " onto", "probability": 0.96630859375 }, { "start": 1185.28, "end": 1185.38, "word": " the", "probability": 0.9990234375 }, { "start": 1185.38, "end": 1185.64, "word": " market.", "probability": 0.998046875 }, { "start": 1185.8, "end": 1186.28, "word": " And", "probability": 0.98583984375 } ] }, { "start": 1186.28, "end": 1191.9, "text": "history says most of that damage gets done before the bell even rings. 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Let me know in the comments when Bitcoin gets back to $100 ,000. Do you guys think it", "speaker_id": "Speaker 1", "words": [ { "start": 1226.96, "end": 1227.12, "word": " like.", "probability": 1.0 }, { "start": 1227.44, "end": 1227.76, "word": " Let", "probability": 0.99853515625 }, { "start": 1227.76, "end": 1227.82, "word": " me", "probability": 1.0 }, { "start": 1227.82, "end": 1227.9, "word": " know", "probability": 0.9990234375 }, { "start": 1227.9, "end": 1228.0, "word": " in", "probability": 0.9990234375 }, { "start": 1228.0, "end": 1228.04, "word": " the", "probability": 0.9990234375 }, { "start": 1228.04, "end": 1228.38, "word": " comments", "probability": 0.9990234375 }, { "start": 1228.38, "end": 1228.66, "word": " when", "probability": 0.728515625 }, { "start": 1228.66, "end": 1229.0, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 1229.0, "end": 1229.28, "word": " gets", "probability": 0.99951171875 }, { "start": 1229.28, "end": 1229.48, "word": " back", "probability": 1.0 }, { "start": 1229.48, "end": 1229.62, "word": " 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"start": 362.48, "end": 366.2, "text": "I can already hear the comments, wait a minute, Joe, billions of dollars are for selling and", "avg_logprob": -0.07676630693933238, "no_speech_prob": 0.0, "words": [ { "start": 362.48, "end": 362.72, "word": " I", "probability": 0.7607421875 }, { "start": 362.72, "end": 362.84, "word": " can", "probability": 0.9931640625 }, { "start": 362.84, "end": 362.98, "word": " already", "probability": 0.99853515625 }, { "start": 362.98, "end": 363.14, "word": " hear", "probability": 1.0 }, { "start": 363.14, "end": 363.24, "word": " the", "probability": 0.98974609375 }, { "start": 363.24, "end": 363.54, "word": " comments,", "probability": 0.99951171875 }, { "start": 363.78, "end": 363.94, "word": " wait", "probability": 0.9775390625 }, { "start": 363.94, "end": 364.04, "word": " a", "probability": 1.0 }, { "start": 364.04, "end": 364.16, "word": " minute,", "probability": 1.0 }, { "start": 364.24, "end": 364.42, "word": " Joe,", "probability": 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Well, here's why it can. Not just the price data", "avg_logprob": -0.07676630693933238, "no_speech_prob": 0.0, "words": [ { "start": 366.2, "end": 366.46, "word": " Bitcoin", "probability": 0.97314453125 }, { "start": 366.46, "end": 366.7, "word": " is", "probability": 1.0 }, { "start": 366.7, "end": 366.98, "word": " supposed", "probability": 1.0 }, { "start": 366.98, "end": 367.24, "word": " to", "probability": 1.0 }, { "start": 367.24, "end": 367.54, "word": " shrug", "probability": 0.999755859375 }, { "start": 367.54, "end": 367.7, "word": " that", "probability": 1.0 }, { "start": 367.7, "end": 368.0, "word": " off.", "probability": 1.0 }, { "start": 368.32, "end": 368.54, "word": " Well,", "probability": 0.970703125 }, { "start": 368.64, "end": 368.96, "word": " here's", "probability": 1.0 }, { "start": 368.96, "end": 369.2, "word": " why", "probability": 1.0 }, { "start": 369.2, "end": 369.52, "word": " it", "probability": 1.0 }, { "start": 369.52, "end": 369.86, "word": " can.", "probability": 1.0 }, { "start": 370.1, "end": 370.32, "word": " Not", "probability": 0.9990234375 }, { "start": 370.32, "end": 370.64, "word": " just", "probability": 0.97705078125 }, { "start": 370.64, "end": 370.82, "word": " the", "probability": 1.0 }, { "start": 370.82, "end": 371.24, "word": " price", "probability": 1.0 }, { "start": 371.24, "end": 371.68, "word": " data", "probability": 1.0 } ] }, { "start": 371.68, "end": 376.94, "text": "that I showed you a moment ago, but when index funds sell strategies stock, not one Bitcoin", "avg_logprob": -0.07676630693933238, "no_speech_prob": 0.0, "words": [ { "start": 371.68, "end": 371.84, "word": " that", "probability": 0.99755859375 }, { "start": 371.84, "end": 371.92, "word": " I", "probability": 1.0 }, { "start": 371.92, "end": 372.12, "word": " showed", "probability": 1.0 }, { "start": 372.12, "end": 372.24, "word": " you", "probability": 1.0 }, { "start": 372.24, "end": 372.36, "word": " a", "probability": 1.0 }, { "start": 372.36, "end": 372.5, "word": " moment", "probability": 0.99951171875 }, { "start": 372.5, "end": 372.76, "word": " ago,", "probability": 1.0 }, { "start": 372.86, "end": 373.24, "word": " but", "probability": 1.0 }, { "start": 373.24, "end": 373.6, "word": " when", "probability": 1.0 }, { "start": 373.6, "end": 373.92, "word": " index", "probability": 0.990234375 }, { "start": 373.92, "end": 374.22, "word": " funds", "probability": 1.0 }, { "start": 374.22, "end": 374.68, "word": " sell", "probability": 0.99951171875 }, { "start": 374.68, "end": 375.24, "word": " strategies", "probability": 0.8154296875 }, { "start": 375.24, "end": 375.7, "word": " stock,", "probability": 0.9873046875 }, { "start": 376.08, "end": 376.32, "word": " not", "probability": 1.0 }, { "start": 376.32, "end": 376.58, "word": " one", "probability": 0.9951171875 }, { "start": 376.58, "end": 376.94, "word": " Bitcoin", "probability": 0.99755859375 } ] }, { "start": 376.94, "end": 382.0, "text": "gets sold. The funds just sell shares to other buyers of shares. Think about it like a house", "avg_logprob": -0.07676630693933238, "no_speech_prob": 0.0, "words": [ { "start": 376.94, "end": 377.34, "word": " gets", "probability": 0.99267578125 }, { "start": 377.34, "end": 377.56, "word": " sold.", "probability": 0.99951171875 }, { "start": 378.04, "end": 378.28, "word": " The", "probability": 1.0 }, { "start": 378.28, "end": 378.5, "word": " funds", "probability": 0.99951171875 }, { "start": 378.5, "end": 378.72, "word": " just", "probability": 1.0 }, { "start": 378.72, "end": 379.0, "word": " sell", "probability": 0.9931640625 }, { "start": 379.0, "end": 379.44, "word": " shares", "probability": 1.0 }, { "start": 379.44, "end": 379.7, "word": " to", "probability": 1.0 }, { "start": 379.7, "end": 379.94, "word": " other", "probability": 0.99951171875 }, { "start": 379.94, "end": 380.38, "word": " buyers", "probability": 1.0 }, { "start": 380.38, "end": 380.8, "word": " of", "probability": 0.99951171875 }, { "start": 380.8, "end": 381.06, "word": " shares.", "probability": 1.0 }, { "start": 381.2, "end": 381.28, "word": " Think", "probability": 0.99951171875 }, { "start": 381.28, "end": 381.44, "word": " about", "probability": 1.0 }, { "start": 381.44, "end": 381.54, "word": " it", "probability": 1.0 }, { "start": 381.54, "end": 381.68, "word": " like", "probability": 1.0 }, { "start": 381.68, "end": 381.8, "word": " a", "probability": 1.0 }, { "start": 381.8, "end": 382.0, "word": " house", "probability": 0.99951171875 } ] }, { "start": 382.0, "end": 386.84, "text": "getting sold. The deed changes hands, but the house doesn't move an inch. You don't pick it", "avg_logprob": -0.07676630693933238, "no_speech_prob": 0.0, "words": [ { "start": 382.0, "end": 382.18, "word": " getting", "probability": 1.0 }, { "start": 382.18, "end": 382.44, "word": " sold.", "probability": 1.0 }, { "start": 382.66, "end": 383.08, "word": " The", "probability": 0.99951171875 }, { "start": 383.08, "end": 383.28, "word": " deed", "probability": 0.99560546875 }, { "start": 383.28, "end": 383.7, "word": " changes", "probability": 0.99951171875 }, { "start": 383.7, "end": 384.08, "word": " hands,", "probability": 0.99951171875 }, { "start": 384.28, "end": 384.34, "word": " but", "probability": 0.99951171875 }, { "start": 384.34, "end": 384.44, "word": " the", "probability": 1.0 }, { "start": 384.44, "end": 384.76, "word": " house", "probability": 0.99951171875 }, { "start": 384.76, "end": 385.26, "word": " doesn't", "probability": 1.0 }, { "start": 385.26, "end": 385.58, "word": " move", "probability": 1.0 }, { "start": 385.58, "end": 385.72, "word": " an", "probability": 0.99951171875 }, { "start": 385.72, "end": 385.98, "word": " inch.", "probability": 1.0 }, { "start": 386.08, "end": 386.1, "word": " You", "probability": 0.99853515625 }, { "start": 386.1, "end": 386.48, "word": " don't", "probability": 1.0 }, { "start": 386.48, "end": 386.72, "word": " pick", "probability": 0.998046875 }, { "start": 386.72, "end": 386.84, "word": " it", "probability": 1.0 } ] }, { "start": 386.84, "end": 393.04, "text": "up and move it somewhere else. Strategy is roughly 850,000 Bitcoin, worth about $69 billion to stay", "avg_logprob": -0.06089154349154785, "no_speech_prob": 0.0, "words": [ { "start": 386.84, "end": 387.02, "word": " up", "probability": 0.98388671875 }, { "start": 387.02, "end": 387.16, "word": " and", "probability": 0.99267578125 }, { "start": 387.16, "end": 387.38, "word": " move", "probability": 0.99951171875 }, { "start": 387.38, "end": 387.48, "word": " it", "probability": 0.99951171875 }, { "start": 387.48, "end": 387.64, "word": " somewhere", "probability": 0.9990234375 }, { "start": 387.64, "end": 387.88, "word": " else.", "probability": 1.0 }, { "start": 388.36, "end": 388.66, "word": " Strategy", "probability": 0.91552734375 }, { "start": 388.66, "end": 388.9, "word": " is", "probability": 0.98974609375 }, { "start": 388.9, "end": 389.18, "word": " roughly", "probability": 0.99951171875 }, { "start": 389.18, "end": 389.94, "word": " 850", "probability": 0.9482421875 }, { "start": 389.94, "end": 390.54, "word": ",000", "probability": 0.99462890625 }, { "start": 390.54, "end": 390.82, "word": " Bitcoin,", "probability": 0.91455078125 }, { "start": 391.14, "end": 391.26, "word": " worth", "probability": 1.0 }, { "start": 391.26, "end": 391.46, "word": " about", "probability": 0.99951171875 }, { "start": 391.46, "end": 391.84, "word": " $69", "probability": 0.950927734375 }, { "start": 391.84, "end": 392.16, "word": " billion", "probability": 0.9951171875 }, { "start": 392.16, "end": 392.86, "word": " to", "probability": 0.4970703125 }, { "start": 392.86, "end": 393.04, "word": " stay", "probability": 0.9990234375 } ] }, { "start": 393.04, "end": 398.44, "text": "right on its balance sheet. But there's one place that this can hurt Bitcoin, and it's that number", "avg_logprob": -0.06089154349154785, "no_speech_prob": 0.0, "words": [ { "start": 393.04, "end": 393.36, "word": " right", "probability": 0.9990234375 }, { "start": 393.36, "end": 393.64, "word": " on", "probability": 1.0 }, { "start": 393.64, "end": 393.8, "word": " its", "probability": 0.99658203125 }, { "start": 393.8, "end": 394.08, "word": " balance", "probability": 0.9990234375 }, { "start": 394.08, "end": 394.28, "word": " sheet.", "probability": 0.9970703125 }, { "start": 394.5, "end": 394.94, "word": " But", "probability": 0.99951171875 }, { "start": 394.94, "end": 395.38, "word": " there's", "probability": 0.9951171875 }, { "start": 395.38, "end": 395.58, "word": " one", "probability": 1.0 }, { "start": 395.58, "end": 395.86, "word": " place", "probability": 1.0 }, { "start": 395.86, "end": 396.04, "word": " that", "probability": 0.9970703125 }, { "start": 396.04, "end": 396.22, "word": " this", "probability": 0.9990234375 }, { "start": 396.22, "end": 396.62, "word": " can", "probability": 0.998046875 }, { "start": 396.62, "end": 397.08, "word": " hurt", "probability": 1.0 }, { "start": 397.08, "end": 397.48, "word": " Bitcoin,", "probability": 1.0 }, { "start": 397.64, "end": 397.7, "word": " and", "probability": 0.99951171875 }, { "start": 397.7, "end": 398.1, "word": " it's", "probability": 1.0 }, { "start": 398.1, "end": 398.22, "word": " that", "probability": 0.99951171875 }, { "start": 398.22, "end": 398.44, "word": " number", "probability": 0.99755859375 } ] }, { "start": 398.44, "end": 402.92, "text": "that I told you to hold on to at the beginning. Strategy buys Bitcoin by selling new stock and a", "avg_logprob": -0.06089154349154785, "no_speech_prob": 0.0, "words": [ { "start": 398.44, "end": 398.62, "word": " that", "probability": 0.99169921875 }, { "start": 398.62, "end": 398.7, "word": " I", "probability": 0.99951171875 }, { "start": 398.7, "end": 398.82, "word": " told", "probability": 0.99951171875 }, { "start": 398.82, "end": 398.92, "word": " you", "probability": 1.0 }, { "start": 398.92, "end": 399.02, "word": " to", "probability": 0.99951171875 }, { "start": 399.02, "end": 399.14, "word": " hold", "probability": 0.9990234375 }, { "start": 399.14, "end": 399.3, "word": " on", "probability": 0.861328125 }, { "start": 399.3, "end": 399.44, "word": " to", "probability": 0.98876953125 }, { "start": 399.44, "end": 399.56, "word": " at", "probability": 0.99951171875 }, { "start": 399.56, "end": 399.64, "word": " the", "probability": 1.0 }, { "start": 399.64, "end": 399.86, "word": " beginning.", "probability": 0.99951171875 }, { "start": 400.3, "end": 400.74, "word": " Strategy", "probability": 0.99853515625 }, { "start": 400.74, "end": 401.06, "word": " buys", "probability": 0.99951171875 }, { "start": 401.06, "end": 401.4, "word": " Bitcoin", "probability": 1.0 }, { "start": 401.4, "end": 401.6, "word": " by", "probability": 1.0 }, { "start": 401.6, "end": 401.88, "word": " selling", "probability": 1.0 }, { "start": 401.88, "end": 402.08, "word": " new", "probability": 0.99462890625 }, { "start": 402.08, "end": 402.42, "word": " stock", "probability": 0.9990234375 }, { "start": 402.42, "end": 402.76, "word": " and", "probability": 0.98291015625 }, { "start": 402.76, "end": 402.92, "word": " a", "probability": 0.97802734375 } ] }, { "start": 402.92, "end": 408.88, "text": "dividend-paying share called STRC, and then it turns that cash into new Bitcoin purchases. Well,", "avg_logprob": -0.06089154349154785, "no_speech_prob": 0.0, "words": [ { "start": 402.92, "end": 403.1, "word": " dividend", "probability": 0.998046875 }, { "start": 403.1, "end": 403.52, "word": "-paying", "probability": 0.91943359375 }, { "start": 403.52, "end": 403.8, "word": " share", "probability": 0.99951171875 }, { "start": 403.8, "end": 404.12, "word": " called", "probability": 0.99755859375 }, { "start": 404.12, "end": 405.0, "word": " STRC,", "probability": 0.96923828125 }, { "start": 405.14, "end": 405.52, "word": " and", "probability": 1.0 }, { "start": 405.52, "end": 405.68, "word": " then", "probability": 1.0 }, { "start": 405.68, "end": 405.82, "word": " it", "probability": 0.9990234375 }, { "start": 405.82, "end": 406.04, "word": " turns", "probability": 0.99951171875 }, { "start": 406.04, "end": 406.22, "word": " that", "probability": 0.99951171875 }, { "start": 406.22, "end": 406.6, "word": " cash", "probability": 0.98876953125 }, { "start": 406.6, "end": 406.92, "word": " into", "probability": 1.0 }, { "start": 406.92, "end": 407.34, "word": " new", "probability": 0.99951171875 }, { "start": 407.34, "end": 407.74, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 407.74, "end": 408.18, "word": " purchases.", "probability": 0.99951171875 }, { "start": 408.46, "end": 408.88, "word": " Well,", "probability": 0.98974609375 } ] }, { "start": 409.0, "end": 413.32, "text": "that only works well when the stock trades for more than the Bitcoin behind it. The number for", "avg_logprob": -0.06089154349154785, "no_speech_prob": 0.0, "words": [ { "start": 409.0, "end": 409.16, "word": " that", "probability": 1.0 }, { "start": 409.16, "end": 409.32, "word": " only", "probability": 1.0 }, { "start": 409.32, "end": 409.6, "word": " works", "probability": 1.0 }, { "start": 409.6, "end": 409.9, "word": " well", "probability": 0.99951171875 }, { "start": 409.9, "end": 410.12, "word": " when", "probability": 1.0 }, { "start": 410.12, "end": 410.24, "word": " the", "probability": 0.9990234375 }, { "start": 410.24, "end": 410.46, "word": " stock", "probability": 0.99755859375 }, { "start": 410.46, "end": 410.8, "word": " trades", "probability": 0.99951171875 }, { "start": 410.8, "end": 410.96, "word": " for", "probability": 0.99951171875 }, { "start": 410.96, "end": 411.2, "word": " more", "probability": 1.0 }, { "start": 411.2, "end": 411.38, "word": " than", "probability": 1.0 }, { "start": 411.38, "end": 411.48, "word": " the", "probability": 0.998046875 }, { "start": 411.48, "end": 411.8, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 411.8, "end": 412.14, "word": " behind", "probability": 0.99951171875 }, { "start": 412.14, "end": 412.34, "word": " it.", "probability": 0.9990234375 }, { "start": 412.54, "end": 412.88, "word": " The", "probability": 0.99951171875 }, { "start": 412.88, "end": 413.08, "word": " number", "probability": 0.99951171875 }, { "start": 413.08, "end": 413.32, "word": " for", "probability": 0.99951171875 } ] }, { "start": 413.32, "end": 419.32, "text": "that is called MNAV, or the ratio of the market value to the net asset value, which is basically", "avg_logprob": -0.06945179901638274, "no_speech_prob": 0.0, "words": [ { "start": 413.32, "end": 413.5, "word": " that", "probability": 0.9296875 }, { "start": 413.5, "end": 413.66, "word": " is", "probability": 0.99609375 }, { "start": 413.66, "end": 413.98, "word": " called", "probability": 0.98974609375 }, { "start": 413.98, "end": 414.68, "word": " MNAV,", "probability": 0.9013671875 }, { "start": 414.82, "end": 414.9, "word": " or", "probability": 0.9990234375 }, { "start": 414.9, "end": 415.28, "word": " the", "probability": 0.9951171875 }, { "start": 415.28, "end": 415.64, "word": " ratio", "probability": 0.98583984375 }, { "start": 415.64, "end": 415.86, "word": " of", "probability": 1.0 }, { "start": 415.86, "end": 416.0, "word": " the", "probability": 0.99609375 }, { "start": 416.0, "end": 416.34, "word": " market", "probability": 0.99853515625 }, { "start": 416.34, "end": 416.8, "word": " value", "probability": 1.0 }, { "start": 416.8, "end": 417.14, "word": " to", "probability": 1.0 }, { "start": 417.14, "end": 417.46, "word": " the", "probability": 0.9970703125 }, { "start": 417.46, "end": 417.7, "word": " net", "probability": 0.99853515625 }, { "start": 417.7, "end": 418.1, "word": " asset", "probability": 0.99951171875 }, { "start": 418.1, "end": 418.46, "word": " value,", "probability": 1.0 }, { "start": 418.66, "end": 418.9, "word": " which", "probability": 0.99951171875 }, { "start": 418.9, "end": 419.0, "word": " is", "probability": 1.0 }, { "start": 419.0, "end": 419.32, "word": " basically", "probability": 0.998046875 } ] }, { "start": 419.32, "end": 424.56, "text": "the stock's price compared with the Bitcoin the company actually owns. Above 1, every new share", "avg_logprob": -0.06945179901638274, "no_speech_prob": 0.0, "words": [ { "start": 419.32, "end": 419.52, "word": " the", "probability": 1.0 }, { "start": 419.52, "end": 419.84, "word": " stock's", "probability": 0.989501953125 }, { "start": 419.84, "end": 420.04, "word": " price", "probability": 0.99853515625 }, { "start": 420.04, "end": 420.44, "word": " compared", "probability": 0.99951171875 }, { "start": 420.44, "end": 420.7, "word": " with", "probability": 0.99072265625 }, { "start": 420.7, "end": 420.84, "word": " the", "probability": 0.9951171875 }, { "start": 420.84, "end": 421.16, "word": " Bitcoin", "probability": 0.95263671875 }, { "start": 421.16, "end": 421.34, "word": " the", "probability": 0.998046875 }, { "start": 421.34, "end": 421.54, "word": " company", "probability": 0.9990234375 }, { "start": 421.54, "end": 421.84, "word": " actually", "probability": 0.9931640625 }, { "start": 421.84, "end": 422.1, "word": " owns.", "probability": 1.0 }, { "start": 422.58, "end": 423.1, "word": " Above", "probability": 0.99853515625 }, { "start": 423.1, "end": 423.54, "word": " 1,", "probability": 0.47802734375 }, { "start": 423.78, "end": 424.12, "word": " every", "probability": 0.99951171875 }, { "start": 424.12, "end": 424.28, "word": " new", "probability": 0.9990234375 }, { "start": 424.28, "end": 424.56, "word": " share", "probability": 0.99853515625 } ] }, { "start": 424.56, "end": 430.68, "text": "strategy sells brings in more Bitcoin than it gives away. And at 1, the machine stalls. Well,", "avg_logprob": -0.06945179901638274, "no_speech_prob": 0.0, "words": [ { "start": 424.56, "end": 424.98, "word": " strategy", "probability": 0.97900390625 }, { "start": 424.98, "end": 425.4, "word": " sells", "probability": 0.998046875 }, { "start": 425.4, "end": 425.94, "word": " brings", "probability": 0.96533203125 }, { "start": 425.94, "end": 426.16, "word": " in", "probability": 1.0 }, { "start": 426.16, "end": 426.38, "word": " more", "probability": 1.0 }, { "start": 426.38, "end": 426.84, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 426.84, "end": 427.04, "word": " than", "probability": 0.99951171875 }, { "start": 427.04, "end": 427.22, "word": " it", "probability": 0.99951171875 }, { "start": 427.22, "end": 427.4, "word": " gives", "probability": 0.9990234375 }, { "start": 427.4, "end": 427.66, "word": " away.", "probability": 0.89453125 }, { "start": 428.1, "end": 428.28, "word": " And", "probability": 0.4951171875 }, { "start": 428.28, "end": 428.58, "word": " at", "probability": 0.98876953125 }, { "start": 428.58, "end": 428.82, "word": " 1,", "probability": 0.99267578125 }, { "start": 428.94, "end": 429.18, "word": " the", "probability": 0.99951171875 }, { "start": 429.18, "end": 429.46, "word": " machine", "probability": 0.9990234375 }, { "start": 429.46, "end": 429.92, "word": " stalls.", "probability": 0.9990234375 }, { "start": 430.34, "end": 430.68, "word": " Well,", "probability": 0.978515625 } ] }, { "start": 430.84, "end": 435.52, "text": "right now, it's sitting right around 1, and $2.8 billion of force selling makes it harder to push", "avg_logprob": -0.06945179901638274, "no_speech_prob": 0.0, "words": [ { "start": 430.84, "end": 430.94, "word": " right", "probability": 0.99951171875 }, { "start": 430.94, "end": 431.14, "word": " now,", "probability": 1.0 }, { "start": 431.32, "end": 431.38, "word": " it's", "probability": 0.99951171875 }, { "start": 431.38, "end": 431.64, "word": " sitting", "probability": 0.99853515625 }, { "start": 431.64, "end": 432.0, "word": " right", "probability": 0.99853515625 }, { "start": 432.0, "end": 432.3, "word": " around", "probability": 1.0 }, { "start": 432.3, "end": 432.66, "word": " 1,", "probability": 0.99658203125 }, { "start": 432.8, "end": 432.9, "word": " and", "probability": 0.99853515625 }, { "start": 432.9, "end": 433.06, "word": " $2", "probability": 0.941162109375 }, { "start": 433.06, "end": 433.34, "word": ".8", "probability": 0.99951171875 }, { "start": 433.34, "end": 433.56, "word": " billion", "probability": 0.9990234375 }, { "start": 433.56, "end": 434.02, "word": " of", "probability": 0.69091796875 }, { "start": 434.02, "end": 434.16, "word": " force", "probability": 0.386474609375 }, { "start": 434.16, "end": 434.5, "word": " selling", "probability": 0.93701171875 }, { "start": 434.5, "end": 434.74, "word": " makes", "probability": 1.0 }, { "start": 434.74, "end": 434.88, "word": " it", "probability": 1.0 }, { "start": 434.88, "end": 435.14, "word": " harder", "probability": 0.99951171875 }, { "start": 435.14, "end": 435.32, "word": " to", "probability": 1.0 }, { "start": 435.32, "end": 435.52, "word": " push", "probability": 0.99951171875 } ] }, { "start": 435.52, "end": 441.28, "text": "back above. So for a stretch, the single biggest corporate buyer of Bitcoin on Earth could buy", "avg_logprob": -0.06945179901638274, "no_speech_prob": 0.0, "words": [ { "start": 435.52, "end": 435.78, "word": " back", "probability": 0.998046875 }, { "start": 435.78, "end": 436.16, "word": " above.", "probability": 0.99951171875 }, { "start": 436.38, "end": 436.86, "word": " So", "probability": 0.99853515625 }, { "start": 436.86, "end": 437.28, "word": " for", "probability": 0.7216796875 }, { "start": 437.28, "end": 437.42, "word": " a", "probability": 1.0 }, { "start": 437.42, "end": 437.84, "word": " stretch,", "probability": 0.99951171875 }, { "start": 438.14, "end": 438.26, "word": " the", "probability": 0.99951171875 }, { "start": 438.26, "end": 438.6, "word": " single", "probability": 0.99951171875 }, { "start": 438.6, "end": 438.92, "word": " biggest", "probability": 0.99853515625 }, { "start": 438.92, "end": 439.22, "word": " corporate", "probability": 0.998046875 }, { "start": 439.22, "end": 439.52, "word": " buyer", "probability": 0.998046875 }, { "start": 439.52, "end": 439.68, "word": " of", "probability": 0.99560546875 }, { "start": 439.68, "end": 439.94, "word": " Bitcoin", "probability": 0.9970703125 }, { "start": 439.94, "end": 440.1, "word": " on", "probability": 0.99267578125 }, { "start": 440.1, "end": 440.32, "word": " Earth", "probability": 0.56494140625 }, { "start": 440.32, "end": 440.78, "word": " could", "probability": 0.9990234375 }, { "start": 440.78, "end": 441.28, "word": " buy", "probability": 0.9990234375 } ] }, { "start": 441.28, "end": 446.48, "text": "less. And that's a real headwind into November. And yet, the people paid to study this stock", "avg_logprob": -0.10066105763499554, "no_speech_prob": 0.0, "words": [ { "start": 441.28, "end": 441.62, "word": " less.", "probability": 0.81787109375 }, { "start": 442.0, "end": 442.2, "word": " And", "probability": 0.7861328125 }, { "start": 442.2, "end": 442.36, "word": " that's", "probability": 0.998779296875 }, { "start": 442.36, "end": 442.42, "word": " a", "probability": 0.9990234375 }, { "start": 442.42, "end": 442.58, "word": " real", "probability": 0.9951171875 }, { "start": 442.58, "end": 442.96, "word": " headwind", "probability": 0.999267578125 }, { "start": 442.96, "end": 443.22, "word": " into", "probability": 0.99853515625 }, { "start": 443.22, "end": 443.6, "word": " November.", "probability": 0.9990234375 }, { "start": 443.9, "end": 444.36, "word": " And", "probability": 0.99951171875 }, { "start": 444.36, "end": 444.52, "word": " yet,", "probability": 0.99951171875 }, { "start": 444.76, "end": 444.84, "word": " the", "probability": 0.998046875 }, { "start": 444.84, "end": 445.1, "word": " people", "probability": 1.0 }, { "start": 445.1, "end": 445.4, "word": " paid", "probability": 0.998046875 }, { "start": 445.4, "end": 445.58, "word": " to", "probability": 1.0 }, { "start": 445.58, "end": 445.92, "word": " study", "probability": 0.99853515625 }, { "start": 445.92, "end": 446.1, "word": " this", "probability": 0.98828125 }, { "start": 446.1, "end": 446.48, "word": " stock", "probability": 0.9990234375 } ] }, { "start": 446.48, "end": 451.28, "text": "aren't selling. They're actually more bullish on it than basically everything else in the market.", "avg_logprob": -0.10066105763499554, "no_speech_prob": 0.0, "words": [ { "start": 446.48, "end": 446.98, "word": " aren't", "probability": 0.9990234375 }, { "start": 446.98, "end": 447.5, "word": " selling.", "probability": 0.998046875 }, { "start": 447.68, "end": 448.08, "word": " They're", "probability": 0.9990234375 }, { "start": 448.08, "end": 448.36, "word": " actually", "probability": 0.99658203125 }, { "start": 448.36, "end": 448.82, "word": " more", "probability": 0.99951171875 }, { "start": 448.82, "end": 449.2, "word": " bullish", "probability": 1.0 }, { "start": 449.2, "end": 449.42, "word": " on", "probability": 0.99951171875 }, { "start": 449.42, "end": 449.54, "word": " it", "probability": 0.9990234375 }, { "start": 449.54, "end": 449.74, "word": " than", "probability": 1.0 }, { "start": 449.74, "end": 450.2, "word": " basically", "probability": 0.984375 }, { "start": 450.2, "end": 450.5, "word": " everything", "probability": 0.99951171875 }, { "start": 450.5, "end": 450.74, "word": " else", "probability": 1.0 }, { "start": 450.74, "end": 450.96, "word": " in", "probability": 0.99951171875 }, { "start": 450.96, "end": 451.04, "word": " the", "probability": 1.0 }, { "start": 451.04, "end": 451.28, "word": " market.", "probability": 0.99951171875 } ] }, { "start": 451.56, "end": 455.78, "text": "Take a look right here. 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That's how much the large institutions are valuing Bitcoin right now. 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So that's the answer to what Wall Street kicking Saylor out does to Bitcoin.", "avg_logprob": -0.06838768105144086, "no_speech_prob": 0.0, "words": [ { "start": 684.64, "end": 684.94, "word": " Bitcoin", "probability": 0.9365234375 }, { "start": 684.94, "end": 685.22, "word": " button.", "probability": 0.99658203125 }, { "start": 685.44, "end": 685.86, "word": " So", "probability": 0.994140625 }, { "start": 685.86, "end": 686.08, "word": " that's", "probability": 0.98486328125 }, { "start": 686.08, "end": 686.16, "word": " the", "probability": 1.0 }, { "start": 686.16, "end": 686.4, "word": " answer", "probability": 1.0 }, { "start": 686.4, "end": 686.5, "word": " to", "probability": 1.0 }, { "start": 686.5, "end": 686.62, "word": " what", "probability": 1.0 }, { "start": 686.62, "end": 686.8, "word": " Wall", "probability": 0.9990234375 }, { "start": 686.8, "end": 687.02, "word": " Street", "probability": 0.98876953125 }, { "start": 687.02, "end": 687.34, "word": " kicking", "probability": 0.97705078125 }, { "start": 687.34, "end": 687.72, "word": " Saylor", "probability": 0.83984375 }, { "start": 687.72, "end": 687.92, "word": " out", "probability": 0.99755859375 }, { "start": 687.92, "end": 688.16, "word": " does", "probability": 0.9970703125 }, { "start": 688.16, "end": 688.3, "word": " to", "probability": 0.99951171875 }, { "start": 688.3, "end": 688.62, "word": " Bitcoin.", "probability": 0.99951171875 } ] }, { "start": 688.78, "end": 692.78, "text": "It hits the stock, it could slow the biggest corporate buyer for a brief period of time,", "avg_logprob": -0.06838768105144086, "no_speech_prob": 0.0, "words": [ { "start": 688.78, "end": 689.16, "word": " It", "probability": 1.0 }, { "start": 689.16, "end": 689.34, "word": " hits", "probability": 0.9970703125 }, { "start": 689.34, "end": 689.5, "word": " the", "probability": 1.0 }, { "start": 689.5, "end": 689.9, "word": " stock,", "probability": 0.99951171875 }, { "start": 690.04, "end": 690.2, "word": " it", "probability": 0.99951171875 }, { "start": 690.2, "end": 690.36, "word": " could", "probability": 0.99951171875 }, { "start": 690.36, "end": 690.64, "word": " slow", "probability": 1.0 }, { "start": 690.64, "end": 690.8, "word": " the", "probability": 1.0 }, { "start": 690.8, "end": 691.0, "word": " biggest", "probability": 0.99755859375 }, { "start": 691.0, "end": 691.28, "word": " corporate", "probability": 0.9990234375 }, { "start": 691.28, "end": 691.64, "word": " buyer", "probability": 1.0 }, { "start": 691.64, "end": 691.9, "word": " for", "probability": 1.0 }, { "start": 691.9, "end": 692.06, "word": " a", "probability": 1.0 }, { "start": 692.06, "end": 692.2, "word": " brief", "probability": 0.99169921875 }, { "start": 692.2, "end": 692.44, "word": " period", "probability": 0.9990234375 }, { "start": 692.44, "end": 692.54, "word": " of", "probability": 1.0 }, { "start": 692.54, "end": 692.78, "word": " time,", "probability": 0.99951171875 } ] }, { "start": 693.04, "end": 698.5, "text": "but ultimately it forces zero Bitcoin to be sold onto the market, while the biggest firms on Wall", "avg_logprob": -0.06838768105144086, "no_speech_prob": 0.0, "words": [ { "start": 693.04, "end": 693.48, "word": " but", "probability": 1.0 }, { "start": 693.48, "end": 693.8, "word": " ultimately", "probability": 1.0 }, { "start": 693.8, "end": 693.98, "word": " it", "probability": 0.966796875 }, { "start": 693.98, "end": 694.3, "word": " forces", "probability": 0.99951171875 }, { "start": 694.3, "end": 694.9, "word": " zero", "probability": 0.98828125 }, { "start": 694.9, "end": 695.2, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 695.2, "end": 695.5, "word": " to", "probability": 1.0 }, { "start": 695.5, "end": 695.62, "word": " be", "probability": 1.0 }, { "start": 695.62, "end": 695.96, "word": " sold", "probability": 1.0 }, { "start": 695.96, "end": 696.26, "word": " onto", "probability": 0.99951171875 }, { "start": 696.26, "end": 696.36, "word": " the", "probability": 0.9990234375 }, { "start": 696.36, "end": 696.64, "word": " market,", "probability": 0.9990234375 }, { "start": 696.78, "end": 697.2, "word": " while", "probability": 1.0 }, { "start": 697.2, "end": 697.34, "word": " the", "probability": 1.0 }, { "start": 697.34, "end": 697.66, "word": " biggest", "probability": 0.998046875 }, { "start": 697.66, "end": 698.06, "word": " firms", "probability": 0.99951171875 }, { "start": 698.06, "end": 698.3, "word": " on", "probability": 1.0 }, { "start": 698.3, "end": 698.5, "word": " Wall", "probability": 0.99951171875 } ] }, { "start": 698.5, "end": 703.36, "text": "Street build the on-ramps for everyone else. 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You buy the miners and Simple Mining hosts and run them at their Iowa facilities", "avg_logprob": -0.05345553030761389, "no_speech_prob": 0.0, "words": [ { "start": 727.24, "end": 727.44, "word": " make", "probability": 1.0 }, { "start": 727.44, "end": 727.52, "word": " it.", "probability": 0.99951171875 }, { "start": 727.72, "end": 728.04, "word": " You", "probability": 1.0 }, { "start": 728.04, "end": 728.22, "word": " buy", "probability": 1.0 }, { "start": 728.22, "end": 728.34, "word": " the", "probability": 0.9990234375 }, { "start": 728.34, "end": 728.62, "word": " miners", "probability": 0.99658203125 }, { "start": 728.62, "end": 728.82, "word": " and", "probability": 0.67626953125 }, { "start": 728.82, "end": 729.1, "word": " Simple", "probability": 0.7294921875 }, { "start": 729.1, "end": 729.4, "word": " Mining", "probability": 0.956787109375 }, { "start": 729.4, "end": 729.76, "word": " hosts", "probability": 0.99853515625 }, { "start": 729.76, "end": 729.94, "word": " and", "probability": 0.99951171875 }, { "start": 729.94, "end": 730.1, "word": " run", "probability": 0.99658203125 }, { "start": 730.1, "end": 730.24, "word": " them", "probability": 1.0 }, { "start": 730.24, "end": 730.36, "word": " at", "probability": 0.99951171875 }, { "start": 730.36, "end": 730.48, "word": " their", "probability": 0.99951171875 }, { "start": 730.48, "end": 730.74, "word": " Iowa", "probability": 0.998046875 }, { "start": 730.74, "end": 731.24, "word": " facilities", "probability": 0.99951171875 } ] }, { "start": 731.24, "end": 735.38, "text": "on industrial power rates you'd never be able to get on your own. 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And second, if you had a big", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 739.9, "end": 740.18, "word": " can", "probability": 0.90478515625 }, { "start": 740.18, "end": 740.32, "word": " let", "probability": 0.9970703125 }, { "start": 740.32, "end": 740.46, "word": " you", "probability": 0.9990234375 }, { "start": 740.46, "end": 740.78, "word": " acquire", "probability": 0.99951171875 }, { "start": 740.78, "end": 741.1, "word": " Bitcoin", "probability": 0.81982421875 }, { "start": 741.1, "end": 741.48, "word": " below", "probability": 0.99951171875 }, { "start": 741.48, "end": 741.64, "word": " the", "probability": 0.99951171875 }, { "start": 741.64, "end": 741.92, "word": " price", "probability": 0.99951171875 }, { "start": 741.92, "end": 742.12, "word": " that", "probability": 0.98681640625 }, { "start": 742.12, "end": 742.46, "word": " everyone", "probability": 0.99658203125 }, { "start": 742.46, "end": 742.66, "word": " else", "probability": 0.99951171875 }, { "start": 742.66, "end": 742.86, "word": " pays.", "probability": 1.0 }, { "start": 743.06, "end": 743.38, "word": " And", "probability": 0.97412109375 }, { "start": 743.38, "end": 743.62, "word": " second,", "probability": 0.99560546875 }, { "start": 743.9, "end": 744.0, "word": " if", "probability": 0.99853515625 }, { "start": 744.0, "end": 744.1, "word": " you", "probability": 1.0 }, { "start": 744.1, "end": 744.34, "word": " had", "probability": 0.953125 }, { "start": 744.34, "end": 744.52, "word": " a", "probability": 0.99951171875 }, { "start": 744.52, "end": 744.74, "word": " big", "probability": 0.99853515625 } ] }, { "start": 744.74, "end": 749.96, "text": "income year, miners count as computer equipment and qualifying buyers can write off the entire", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 744.74, "end": 745.16, "word": " income", "probability": 0.9990234375 }, { "start": 745.16, "end": 745.44, "word": " year,", "probability": 0.9990234375 }, { "start": 745.84, "end": 746.06, "word": " miners", "probability": 0.99658203125 }, { "start": 746.06, "end": 746.32, "word": " count", "probability": 0.99169921875 }, { "start": 746.32, "end": 746.52, "word": " as", "probability": 1.0 }, { "start": 746.52, "end": 746.86, "word": " computer", "probability": 0.99951171875 }, { "start": 746.86, "end": 747.24, "word": " equipment", "probability": 1.0 }, { "start": 747.24, "end": 747.5, "word": " and", "probability": 0.80029296875 }, { "start": 747.5, "end": 748.08, "word": " qualifying", "probability": 0.99951171875 }, { "start": 748.08, "end": 748.5, "word": " buyers", "probability": 1.0 }, { "start": 748.5, "end": 749.02, "word": " can", "probability": 0.99951171875 }, { "start": 749.02, "end": 749.2, "word": " write", "probability": 0.9970703125 }, { "start": 749.2, "end": 749.44, "word": " off", "probability": 0.998046875 }, { "start": 749.44, "end": 749.62, "word": " the", "probability": 0.9990234375 }, { "start": 749.62, "end": 749.96, "word": " entire", "probability": 0.99853515625 } ] }, { "start": 749.96, "end": 755.0, "text": "purchase in year one. Simple Mining runs over 40,000 machines and was ranked Iowa's fastest", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 749.96, "end": 750.44, "word": " purchase", "probability": 0.99951171875 }, { "start": 750.44, "end": 750.68, "word": " in", "probability": 0.99951171875 }, { "start": 750.68, "end": 750.84, "word": " year", "probability": 0.99169921875 }, { "start": 750.84, "end": 751.1, "word": " one.", "probability": 0.98291015625 }, { "start": 751.7, "end": 751.94, "word": " Simple", "probability": 0.98974609375 }, { "start": 751.94, "end": 752.22, "word": " Mining", "probability": 0.96630859375 }, { "start": 752.22, "end": 752.44, "word": " runs", "probability": 0.9990234375 }, { "start": 752.44, "end": 752.64, "word": " over", "probability": 1.0 }, { "start": 752.64, "end": 752.88, "word": " 40", "probability": 0.98974609375 }, { "start": 752.88, "end": 753.2, "word": ",000", "probability": 0.99951171875 }, { "start": 753.2, "end": 753.64, "word": " machines", "probability": 0.99951171875 }, { "start": 753.64, "end": 753.92, "word": " and", "probability": 0.998046875 }, { "start": 753.92, "end": 754.1, "word": " was", "probability": 0.9990234375 }, { "start": 754.1, "end": 754.3, "word": " ranked", "probability": 1.0 }, { "start": 754.3, "end": 754.68, "word": " Iowa's", "probability": 0.976806640625 }, { "start": 754.68, "end": 755.0, "word": " fastest", "probability": 0.99951171875 } ] }, { "start": 755.0, "end": 760.4, "text": "growing company on the Inc. 500. Grab their free 2027 Bitcoin Mining Blueprint at simplemining.io", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 755.0, "end": 755.22, "word": " growing", "probability": 0.88134765625 }, { "start": 755.22, "end": 755.54, "word": " company", "probability": 1.0 }, { "start": 755.54, "end": 755.66, "word": " on", "probability": 0.99951171875 }, { "start": 755.66, "end": 755.74, "word": " the", "probability": 0.9931640625 }, { "start": 755.74, "end": 755.88, "word": " Inc.", "probability": 0.93896484375 }, { "start": 755.96, "end": 756.28, "word": " 500.", "probability": 0.9970703125 }, { "start": 756.48, "end": 756.86, "word": " Grab", "probability": 0.9990234375 }, { "start": 756.86, "end": 757.1, "word": " their", "probability": 0.93701171875 }, { "start": 757.1, "end": 757.38, "word": " free", "probability": 0.9990234375 }, { "start": 757.38, "end": 758.08, "word": " 2027", "probability": 0.990966796875 }, { "start": 758.08, "end": 758.42, "word": " Bitcoin", "probability": 0.99560546875 }, { "start": 758.42, "end": 758.7, "word": " Mining", "probability": 0.822021484375 }, { "start": 758.7, "end": 759.04, "word": " Blueprint", "probability": 0.805908203125 }, { "start": 759.04, "end": 759.32, "word": " at", "probability": 0.99462890625 }, { "start": 759.32, "end": 759.86, "word": " simplemining", "probability": 0.7900390625 }, { "start": 759.86, "end": 760.4, "word": ".io", "probability": 0.9990234375 } ] }, { "start": 760.4, "end": 765.62, "text": "slash joe. That's simplemining.io slash joe. Quick note, this one's also sponsored by Salt.", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 760.4, "end": 760.66, "word": " slash", "probability": 0.59375 }, { "start": 760.66, "end": 761.14, "word": " joe.", "probability": 0.8232421875 }, { "start": 761.16, "end": 761.4, "word": " That's", "probability": 0.951904296875 }, { "start": 761.4, "end": 761.82, "word": " simplemining", "probability": 0.9986979166666666 }, { "start": 761.82, "end": 762.3, "word": ".io", "probability": 1.0 }, { "start": 762.3, "end": 762.82, "word": " slash", "probability": 0.99951171875 }, { "start": 762.82, "end": 763.18, "word": " joe.", "probability": 0.999755859375 }, { "start": 763.38, "end": 763.8, "word": " Quick", "probability": 0.9970703125 }, { "start": 763.8, "end": 763.98, "word": " note,", "probability": 0.99951171875 }, { "start": 764.1, "end": 764.18, "word": " this", "probability": 1.0 }, { "start": 764.18, "end": 764.38, "word": " one's", "probability": 0.996337890625 }, { "start": 764.38, "end": 764.58, "word": " also", "probability": 0.99951171875 }, { "start": 764.58, "end": 765.02, "word": " sponsored", "probability": 1.0 }, { "start": 765.02, "end": 765.3, "word": " by", "probability": 0.99951171875 }, { "start": 765.3, "end": 765.62, "word": " Salt.", "probability": 0.8505859375 } ] }, { "start": 765.84, "end": 769.34, "text": "What actually stops people from borrowing against their Bitcoin isn't the Wraith,", "avg_logprob": -0.08531021897810219, "no_speech_prob": 0.0, "words": [ { "start": 765.84, "end": 766.34, "word": " What", "probability": 0.99951171875 }, { "start": 766.34, "end": 766.62, "word": " actually", "probability": 1.0 }, { "start": 766.62, "end": 766.94, "word": " stops", "probability": 0.99951171875 }, { "start": 766.94, "end": 767.2, "word": " people", "probability": 1.0 }, { "start": 767.2, "end": 767.4, "word": " from", "probability": 1.0 }, { "start": 767.4, "end": 767.7, "word": " borrowing", "probability": 1.0 }, { "start": 767.7, "end": 768.02, "word": " against", "probability": 0.99951171875 }, { "start": 768.02, "end": 768.2, "word": " their", "probability": 0.99951171875 }, { "start": 768.2, "end": 768.48, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 768.48, "end": 768.9, "word": " isn't", "probability": 0.9990234375 }, { "start": 768.9, "end": 769.06, "word": " the", "probability": 0.9833984375 }, { "start": 769.06, "end": 769.34, "word": " Wraith,", "probability": 0.8016764322916666 } ] }, { "start": 769.34, "end": 774.72, "text": "it's a picture of your Bitcoin being forced sold at the bottom of a drawdown by an algorithm while", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 769.34, "end": 769.88, "word": " it's", "probability": 0.7462158203125 }, { "start": 769.88, "end": 769.96, "word": " a", "probability": 0.857421875 }, { "start": 769.96, "end": 770.22, "word": " picture", "probability": 1.0 }, { "start": 770.22, "end": 770.56, "word": " of", "probability": 1.0 }, { "start": 770.56, "end": 770.76, "word": " your", "probability": 0.99951171875 }, { "start": 770.76, "end": 771.06, "word": " Bitcoin", "probability": 0.92724609375 }, { "start": 771.06, "end": 771.52, "word": " being", "probability": 0.99951171875 }, { "start": 771.52, "end": 771.92, "word": " forced", "probability": 0.94677734375 }, { "start": 771.92, "end": 772.32, "word": " sold", "probability": 0.89111328125 }, { "start": 772.32, "end": 772.62, "word": " at", "probability": 0.99951171875 }, { "start": 772.62, "end": 772.74, "word": " the", "probability": 1.0 }, { "start": 772.74, "end": 773.02, "word": " bottom", "probability": 1.0 }, { "start": 773.02, "end": 773.22, "word": " of", "probability": 1.0 }, { "start": 773.22, "end": 773.34, "word": " a", "probability": 1.0 }, { "start": 773.34, "end": 773.74, "word": " drawdown", "probability": 0.99951171875 }, { "start": 773.74, "end": 773.9, "word": " by", "probability": 0.99951171875 }, { "start": 773.9, "end": 774.04, "word": " an", "probability": 1.0 }, { "start": 774.04, "end": 774.4, "word": " algorithm", "probability": 0.998046875 }, { "start": 774.4, "end": 774.72, "word": " while", "probability": 0.9990234375 } ] }, { "start": 774.72, "end": 780.04, "text": "you're asleep. Well, Salt Shield by Salt Lending is the answer to that. It's an optional upgrade", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 774.72, "end": 774.94, "word": " you're", "probability": 0.999755859375 }, { "start": 774.94, "end": 775.24, "word": " asleep.", "probability": 0.99951171875 }, { "start": 775.78, "end": 775.9, "word": " Well,", "probability": 0.99560546875 }, { "start": 776.1, "end": 776.32, "word": " Salt", "probability": 0.740234375 }, { "start": 776.32, "end": 776.7, "word": " Shield", "probability": 0.9326171875 }, { "start": 776.7, "end": 777.1, "word": " by", "probability": 0.99853515625 }, { "start": 777.1, "end": 777.44, "word": " Salt", "probability": 0.974609375 }, { "start": 777.44, "end": 777.8, "word": " Lending", "probability": 0.998046875 }, { "start": 777.8, "end": 778.12, "word": " is", "probability": 1.0 }, { "start": 778.12, "end": 778.24, "word": " the", "probability": 1.0 }, { "start": 778.24, "end": 778.48, "word": " answer", "probability": 0.99951171875 }, { "start": 778.48, "end": 778.58, "word": " to", "probability": 1.0 }, { "start": 778.58, "end": 778.72, "word": " that.", "probability": 1.0 }, { "start": 778.94, "end": 779.28, "word": " It's", "probability": 1.0 }, { "start": 779.28, "end": 779.38, "word": " an", "probability": 1.0 }, { "start": 779.38, "end": 779.7, "word": " optional", "probability": 0.9990234375 }, { "start": 779.7, "end": 780.04, "word": " upgrade", "probability": 1.0 } ] }, { "start": 780.04, "end": 785.1, "text": "to your Bitcoin-backed loan, it's a one-time fee, and it takes price-related liquidation risk off", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 780.04, "end": 780.22, "word": " to", "probability": 1.0 }, { "start": 780.22, "end": 780.34, "word": " your", "probability": 1.0 }, { "start": 780.34, "end": 780.68, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 780.68, "end": 781.06, "word": "-backed", "probability": 0.9269205729166666 }, { "start": 781.06, "end": 781.28, "word": " loan,", "probability": 0.994140625 }, { "start": 781.4, "end": 781.48, "word": " it's", "probability": 0.986083984375 }, { "start": 781.48, "end": 781.54, "word": " a", "probability": 1.0 }, { "start": 781.54, "end": 781.72, "word": " one", "probability": 0.99951171875 }, { "start": 781.72, "end": 781.92, "word": "-time", "probability": 1.0 }, { "start": 781.92, "end": 782.2, "word": " fee,", "probability": 1.0 }, { "start": 782.52, "end": 782.74, "word": " and", "probability": 1.0 }, { "start": 782.74, "end": 782.84, "word": " it", "probability": 1.0 }, { "start": 782.84, "end": 783.12, "word": " takes", "probability": 1.0 }, { "start": 783.12, "end": 783.56, "word": " price", "probability": 0.99951171875 }, { "start": 783.56, "end": 783.92, "word": "-related", "probability": 0.99951171875 }, { "start": 783.92, "end": 784.48, "word": " liquidation", "probability": 1.0 }, { "start": 784.48, "end": 784.76, "word": " risk", "probability": 0.99951171875 }, { "start": 784.76, "end": 785.1, "word": " off", "probability": 0.99951171875 } ] }, { "start": 785.1, "end": 789.36, "text": "the table for the life of your loan. As long as you're current on payments, Bitcoin can fall as", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 785.1, "end": 785.26, "word": " the", "probability": 1.0 }, { "start": 785.26, "end": 785.56, "word": " table", "probability": 0.99951171875 }, { "start": 785.56, "end": 785.76, "word": " for", "probability": 1.0 }, { "start": 785.76, "end": 785.88, "word": " the", "probability": 1.0 }, { "start": 785.88, "end": 786.14, "word": " life", "probability": 1.0 }, { "start": 786.14, "end": 786.32, "word": " of", "probability": 1.0 }, { "start": 786.32, "end": 786.44, "word": " your", "probability": 1.0 }, { "start": 786.44, "end": 786.68, "word": " loan.", "probability": 0.9990234375 }, { "start": 786.88, "end": 787.32, "word": " As", "probability": 0.99951171875 }, { "start": 787.32, "end": 787.44, "word": " long", "probability": 1.0 }, { "start": 787.44, "end": 787.56, "word": " as", "probability": 1.0 }, { "start": 787.56, "end": 787.66, "word": " you're", "probability": 0.9931640625 }, { "start": 787.66, "end": 787.92, "word": " current", "probability": 0.9970703125 }, { "start": 787.92, "end": 788.06, "word": " on", "probability": 0.99951171875 }, { "start": 788.06, "end": 788.4, "word": " payments,", "probability": 0.998046875 }, { "start": 788.52, "end": 788.72, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 788.72, "end": 788.94, "word": " can", "probability": 1.0 }, { "start": 788.94, "end": 789.18, "word": " fall", "probability": 1.0 }, { "start": 789.18, "end": 789.36, "word": " as", "probability": 1.0 } ] }, { "start": 789.36, "end": 794.06, "text": "hard as it wants, and your stack doesn't get sold out from under you. Which matters because the", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 789.36, "end": 789.66, "word": " hard", "probability": 1.0 }, { "start": 789.66, "end": 789.9, "word": " as", "probability": 1.0 }, { "start": 789.9, "end": 790.02, "word": " it", "probability": 1.0 }, { "start": 790.02, "end": 790.34, "word": " wants,", "probability": 0.99951171875 }, { "start": 790.46, "end": 790.8, "word": " and", "probability": 0.91552734375 }, { "start": 790.8, "end": 790.96, "word": " your", "probability": 0.99951171875 }, { "start": 790.96, "end": 791.26, "word": " stack", "probability": 0.98876953125 }, { "start": 791.26, "end": 791.48, "word": " doesn't", "probability": 1.0 }, { "start": 791.48, "end": 791.6, "word": " get", "probability": 1.0 }, { "start": 791.6, "end": 791.8, "word": " sold", "probability": 1.0 }, { "start": 791.8, "end": 791.98, "word": " out", "probability": 1.0 }, { "start": 791.98, "end": 792.16, "word": " from", "probability": 0.99609375 }, { "start": 792.16, "end": 792.32, "word": " under", "probability": 0.98681640625 }, { "start": 792.32, "end": 792.5, "word": " you.", "probability": 0.99853515625 }, { "start": 792.68, "end": 793.12, "word": " Which", "probability": 0.9990234375 }, { "start": 793.12, "end": 793.4, "word": " matters", "probability": 0.99951171875 }, { "start": 793.4, "end": 793.74, "word": " because", "probability": 0.79296875 }, { "start": 793.74, "end": 794.06, "word": " the", "probability": 0.99951171875 } ] }, { "start": 794.06, "end": 798.08, "text": "reason to borrow hasn't changed. You might need cash, you don't want to sell, and selling costs", "avg_logprob": -0.058252936441626324, "no_speech_prob": 0.0, "words": [ { "start": 794.06, "end": 794.32, "word": " reason", "probability": 0.9990234375 }, { "start": 794.32, "end": 794.48, "word": " to", "probability": 0.99853515625 }, { "start": 794.48, "end": 794.68, "word": " borrow", "probability": 1.0 }, { "start": 794.68, "end": 795.02, "word": " hasn't", "probability": 0.99951171875 }, { "start": 795.02, "end": 795.34, "word": " changed.", "probability": 0.99951171875 }, { "start": 795.36, "end": 795.5, "word": " You", "probability": 0.99951171875 }, { "start": 795.5, "end": 795.62, "word": " might", "probability": 0.99951171875 }, { "start": 795.62, "end": 795.78, "word": " need", "probability": 1.0 }, { "start": 795.78, "end": 796.18, "word": " cash,", "probability": 1.0 }, { "start": 796.24, "end": 796.3, "word": " you", "probability": 0.9990234375 }, { "start": 796.3, "end": 796.4, "word": " don't", "probability": 0.999755859375 }, { "start": 796.4, "end": 796.48, "word": " want", "probability": 0.94140625 }, { "start": 796.48, "end": 796.6, "word": " to", "probability": 1.0 }, { "start": 796.6, "end": 796.82, "word": " sell,", "probability": 1.0 }, { "start": 797.1, "end": 797.38, "word": " and", "probability": 0.8154296875 }, { "start": 797.38, "end": 797.72, "word": " selling", "probability": 0.99853515625 }, { "start": 797.72, "end": 798.08, "word": " costs", "probability": 0.99560546875 } ] }, { "start": 798.08, "end": 802.36, "text": "you everything those coins do afterwards. Not to mention, Salt's been doing this since 2016.", "avg_logprob": -0.08394607648350834, "no_speech_prob": 0.0, "words": [ { "start": 798.08, "end": 798.2, "word": " you", "probability": 0.82177734375 }, { "start": 798.2, "end": 798.5, "word": " everything", "probability": 0.98779296875 }, { "start": 798.5, "end": 798.76, "word": " those", "probability": 0.99951171875 }, { "start": 798.76, "end": 799.02, "word": " coins", "probability": 0.99951171875 }, { "start": 799.02, "end": 799.28, "word": " do", "probability": 0.99951171875 }, { "start": 799.28, "end": 799.82, "word": " afterwards.", "probability": 0.98681640625 }, { "start": 800.16, "end": 800.54, "word": " Not", "probability": 0.9990234375 }, { "start": 800.54, "end": 800.64, "word": " to", "probability": 1.0 }, { "start": 800.64, "end": 800.86, "word": " mention,", "probability": 0.99951171875 }, { "start": 801.04, "end": 801.22, "word": " Salt's", "probability": 0.89111328125 }, { "start": 801.22, "end": 801.3, "word": " been", "probability": 1.0 }, { "start": 801.3, "end": 801.44, "word": " doing", "probability": 1.0 }, { "start": 801.44, "end": 801.62, "word": " this", "probability": 0.99951171875 }, { "start": 801.62, "end": 801.8, "word": " since", "probability": 1.0 }, { "start": 801.8, "end": 802.36, "word": " 2016.", "probability": 0.99951171875 } ] }, { "start": 802.52, "end": 805.66, "text": "They're the original Bitcoin-backed lenders, still here while most of the names you remember from", "avg_logprob": -0.08394607648350834, "no_speech_prob": 0.0, "words": [ { "start": 802.52, "end": 802.58, "word": " They're", "probability": 0.99267578125 }, { "start": 802.58, "end": 802.66, "word": " the", "probability": 0.99951171875 }, { "start": 802.66, "end": 803.0, "word": " original", "probability": 0.9951171875 }, { "start": 803.0, "end": 803.32, "word": " Bitcoin", "probability": 0.9716796875 }, { "start": 803.32, "end": 803.68, "word": "-backed", "probability": 0.9479166666666666 }, { "start": 803.68, "end": 803.84, "word": " lenders,", "probability": 0.863037109375 }, { "start": 804.0, "end": 804.08, "word": " still", "probability": 0.9990234375 }, { "start": 804.08, "end": 804.32, "word": " here", "probability": 0.98095703125 }, { "start": 804.32, "end": 804.52, "word": " while", "probability": 0.6787109375 }, { "start": 804.52, "end": 804.76, "word": " most", "probability": 1.0 }, { "start": 804.76, "end": 804.88, "word": " of", "probability": 1.0 }, { "start": 804.88, "end": 804.94, "word": " the", "probability": 0.99951171875 }, { "start": 804.94, "end": 805.12, "word": " names", "probability": 0.99462890625 }, { "start": 805.12, "end": 805.24, "word": " you", "probability": 1.0 }, { "start": 805.24, "end": 805.48, "word": " remember", "probability": 0.99951171875 }, { "start": 805.48, "end": 805.66, "word": " from", "probability": 1.0 } ] }, { "start": 805.66, "end": 811.42, "text": "2022 aren't. I got an exclusive rate discount on a new loan just for you guys. Visit saltlending.com", "avg_logprob": -0.08394607648350834, "no_speech_prob": 0.0, "words": [ { "start": 805.66, "end": 806.16, "word": " 2022", "probability": 0.99951171875 }, { "start": 806.16, "end": 806.7, "word": " aren't.", "probability": 1.0 }, { "start": 806.9, "end": 807.26, "word": " I", "probability": 0.9990234375 }, { "start": 807.26, "end": 807.38, "word": " got", "probability": 0.92578125 }, { "start": 807.38, "end": 807.52, "word": " an", "probability": 1.0 }, { "start": 807.52, "end": 807.88, "word": " exclusive", "probability": 1.0 }, { "start": 807.88, "end": 808.12, "word": " rate", "probability": 0.998046875 }, { "start": 808.12, "end": 808.4, "word": " discount", "probability": 0.99951171875 }, { "start": 808.4, "end": 808.6, "word": " on", "probability": 0.99951171875 }, { "start": 808.6, "end": 808.68, "word": " a", "probability": 0.62744140625 }, { "start": 808.68, "end": 808.82, "word": " new", "probability": 0.99853515625 }, { "start": 808.82, "end": 809.08, "word": " loan", "probability": 0.99853515625 }, { "start": 809.08, "end": 809.32, "word": " just", "probability": 0.9970703125 }, { "start": 809.32, "end": 809.52, "word": " for", "probability": 1.0 }, { "start": 809.52, "end": 809.66, "word": " you", "probability": 0.99951171875 }, { "start": 809.66, "end": 809.96, "word": " guys.", "probability": 0.99853515625 }, { "start": 810.18, "end": 810.52, "word": " Visit", "probability": 0.99951171875 }, { "start": 810.52, "end": 810.98, "word": " saltlending", "probability": 0.9876302083333334 }, { "start": 810.98, "end": 811.42, "word": ".com", "probability": 1.0 } ] }, { "start": 811.42, "end": 817.34, "text": "slash joe, that's saltlending.com slash joe, and use code joe50salt to claim it. Never sell it,", "avg_logprob": -0.08394607648350834, "no_speech_prob": 0.0, "words": [ { "start": 811.42, "end": 811.64, "word": " slash", "probability": 0.93115234375 }, { "start": 811.64, "end": 811.98, "word": " joe,", "probability": 0.80517578125 }, { "start": 811.98, "end": 812.16, "word": " that's", "probability": 0.983154296875 }, { "start": 812.16, "end": 812.48, "word": " saltlending", "probability": 0.99951171875 }, { "start": 812.48, "end": 812.88, "word": ".com", "probability": 1.0 }, { "start": 812.88, "end": 813.1, "word": " slash", "probability": 1.0 }, { "start": 813.1, "end": 813.42, "word": " joe,", "probability": 0.999755859375 }, { "start": 813.48, "end": 813.56, "word": " and", "probability": 0.99951171875 }, { "start": 813.56, "end": 813.86, "word": " use", "probability": 1.0 }, { "start": 813.86, "end": 814.22, "word": " code", "probability": 0.99951171875 }, { "start": 814.22, "end": 815.68, "word": " joe50salt", "probability": 0.8412109375 }, { "start": 815.68, "end": 816.1, "word": " to", "probability": 1.0 }, { "start": 816.1, "end": 816.28, "word": " claim", "probability": 1.0 }, { "start": 816.28, "end": 816.42, "word": " it.", "probability": 1.0 }, { "start": 816.68, "end": 816.94, "word": " Never", "probability": 0.9990234375 }, { "start": 816.94, "end": 817.22, "word": " sell", "probability": 0.99951171875 }, { "start": 817.22, "end": 817.34, "word": " it,", "probability": 0.68017578125 } ] }, { "start": 817.4, "end": 822.3, "text": "borrow against it. 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And at the June low, it was one for every 12th. The bear market that", "avg_logprob": -0.047946067166424564, "no_speech_prob": 0.0, "words": [ { "start": 1038.26, "end": 1038.58, "word": " every", "probability": 0.93359375 }, { "start": 1038.58, "end": 1038.98, "word": " one", "probability": 0.7744140625 }, { "start": 1038.98, "end": 1039.68, "word": " sold", "probability": 0.951171875 }, { "start": 1039.68, "end": 1039.8, "word": " at", "probability": 0.99951171875 }, { "start": 1039.8, "end": 1039.9, "word": " a", "probability": 1.0 }, { "start": 1039.9, "end": 1040.22, "word": " loss.", "probability": 1.0 }, { "start": 1040.4, "end": 1040.72, "word": " And", "probability": 0.91259765625 }, { "start": 1040.72, "end": 1040.94, "word": " at", "probability": 0.9990234375 }, { "start": 1040.94, "end": 1041.04, "word": " the", "probability": 1.0 }, { "start": 1041.04, "end": 1041.24, "word": " June", "probability": 0.99951171875 }, { "start": 1041.24, "end": 1041.5, "word": " low,", "probability": 0.9990234375 }, { "start": 1041.68, "end": 1041.98, "word": " it", "probability": 1.0 }, { "start": 1041.98, "end": 1042.16, "word": " was", "probability": 1.0 }, { "start": 1042.16, "end": 1042.44, "word": " one", "probability": 0.9794921875 }, { "start": 1042.44, "end": 1042.66, "word": " for", "probability": 1.0 }, { "start": 1042.66, "end": 1043.1, "word": " every", "probability": 1.0 }, { "start": 1043.1, "end": 1043.72, "word": " 12th.", "probability": 0.7529296875 }, { "start": 1043.86, "end": 1044.34, "word": " The", "probability": 0.99951171875 }, { "start": 1044.34, "end": 1044.52, "word": " bear", "probability": 0.99658203125 }, { "start": 1044.52, "end": 1044.88, "word": " market", "probability": 1.0 }, { "start": 1044.88, "end": 1045.08, "word": " that", "probability": 1.0 } ] }, { "start": 1045.08, "end": 1052.44, "text": "followed fell about 52%, the shallowest in Bitcoin's history, against 78%, 84%, and 87%", "avg_logprob": -0.047946067166424564, "no_speech_prob": 0.0, "words": [ { "start": 1045.08, "end": 1045.52, "word": " followed", "probability": 0.9990234375 }, { "start": 1045.52, "end": 1045.88, "word": " fell", "probability": 0.9990234375 }, { "start": 1045.88, "end": 1046.18, "word": " about", "probability": 0.99951171875 }, { "start": 1046.18, "end": 1047.02, "word": " 52%,", "probability": 0.95849609375 }, { "start": 1047.02, "end": 1047.26, "word": " the", "probability": 0.99951171875 }, { "start": 1047.26, "end": 1047.72, "word": " shallowest", "probability": 0.999755859375 }, { "start": 1047.72, "end": 1047.84, "word": " in", "probability": 1.0 }, { "start": 1047.84, "end": 1048.28, "word": " Bitcoin's", "probability": 0.996337890625 }, { "start": 1048.28, "end": 1048.54, "word": " history,", "probability": 0.9970703125 }, { "start": 1048.94, "end": 1049.2, "word": " against", "probability": 1.0 }, { "start": 1049.2, "end": 1050.14, "word": " 78%,", "probability": 0.999267578125 }, { "start": 1050.14, "end": 1051.14, "word": " 84%,", "probability": 0.987060546875 }, { "start": 1051.14, "end": 1051.56, "word": " and", "probability": 1.0 }, { "start": 1051.56, "end": 1052.12, "word": " 87", "probability": 1.0 }, { "start": 1052.12, "end": 1052.44, "word": "%", "probability": 0.99755859375 } ] }, { "start": 1052.44, "end": 1057.14, "text": "in the cycles that preceded it. It never closed below the average price that every holder paid", "avg_logprob": -0.047946067166424564, "no_speech_prob": 0.0, "words": [ { "start": 1052.44, "end": 1052.74, "word": " in", "probability": 1.0 }, { "start": 1052.74, "end": 1052.82, "word": " the", "probability": 0.99951171875 }, { "start": 1052.82, "end": 1053.1, "word": " cycles", "probability": 0.9970703125 }, { "start": 1053.1, "end": 1053.24, "word": " that", "probability": 1.0 }, { "start": 1053.24, "end": 1053.62, "word": " preceded", "probability": 0.9833984375 }, { "start": 1053.62, "end": 1053.76, "word": " it.", "probability": 0.99853515625 }, { "start": 1053.96, "end": 1054.44, "word": " It", "probability": 1.0 }, { "start": 1054.44, "end": 1054.72, "word": " never", "probability": 1.0 }, { "start": 1054.72, "end": 1055.12, "word": " closed", "probability": 1.0 }, { "start": 1055.12, "end": 1055.34, "word": " below", "probability": 1.0 }, { "start": 1055.34, "end": 1055.52, "word": " the", "probability": 1.0 }, { "start": 1055.52, "end": 1055.86, "word": " average", "probability": 0.99853515625 }, { "start": 1055.86, "end": 1056.2, "word": " price", "probability": 1.0 }, { "start": 1056.2, "end": 1056.36, "word": " that", "probability": 0.9990234375 }, { "start": 1056.36, "end": 1056.6, "word": " every", "probability": 0.99560546875 }, { "start": 1056.6, "end": 1056.84, "word": " holder", "probability": 0.99267578125 }, { "start": 1056.84, "end": 1057.14, "word": " paid", "probability": 1.0 } ] }, { "start": 1057.14, "end": 1062.68, "text": "for their coins, which it did in both 2018 and 2022. Now look, I'm not going to tell you there's", "avg_logprob": -0.047946067166424564, "no_speech_prob": 0.0, "words": [ { "start": 1057.14, "end": 1057.3, "word": " for", "probability": 1.0 }, { "start": 1057.3, "end": 1057.42, "word": " their", "probability": 0.9970703125 }, { "start": 1057.42, "end": 1057.7, "word": " coins,", "probability": 0.9990234375 }, { "start": 1057.84, "end": 1057.9, "word": " which", "probability": 0.9970703125 }, { "start": 1057.9, "end": 1058.04, "word": " it", "probability": 0.99462890625 }, { "start": 1058.04, "end": 1058.22, "word": " did", "probability": 0.9990234375 }, { "start": 1058.22, "end": 1058.44, "word": " in", "probability": 0.99951171875 }, { "start": 1058.44, "end": 1058.62, "word": " both", "probability": 0.99951171875 }, { "start": 1058.62, "end": 1059.1, "word": " 2018", "probability": 0.99951171875 }, { "start": 1059.1, "end": 1059.8, "word": " and", "probability": 1.0 }, { "start": 1059.8, "end": 1060.22, "word": " 2022.", "probability": 0.99951171875 }, { "start": 1060.64, "end": 1061.08, "word": " Now", "probability": 0.99462890625 }, { "start": 1061.08, "end": 1061.2, "word": " look,", "probability": 0.5732421875 }, { "start": 1061.26, "end": 1061.42, "word": " I'm", "probability": 1.0 }, { "start": 1061.42, "end": 1061.52, "word": " not", "probability": 0.99951171875 }, { "start": 1061.52, "end": 1061.62, "word": " going", "probability": 0.94140625 }, { "start": 1061.62, "end": 1061.72, "word": " to", "probability": 0.99951171875 }, { "start": 1061.72, "end": 1062.0, "word": " tell", "probability": 0.99951171875 }, { "start": 1062.0, "end": 1062.28, "word": " you", "probability": 0.99951171875 }, { "start": 1062.28, "end": 1062.68, "word": " there's", "probability": 0.999267578125 } ] }, { "start": 1062.68, "end": 1066.9, "text": "no one left to sell. Plenty of people who bought in the last year or two have an average cost", "avg_logprob": -0.047946067166424564, "no_speech_prob": 0.0, "words": [ { "start": 1062.68, "end": 1062.94, "word": " no", "probability": 0.99951171875 }, { "start": 1062.94, "end": 1063.12, "word": " one", "probability": 0.99951171875 }, { "start": 1063.12, "end": 1063.32, "word": " left", "probability": 0.99658203125 }, { "start": 1063.32, "end": 1063.5, "word": " to", "probability": 1.0 }, { "start": 1063.5, "end": 1063.72, "word": " sell.", "probability": 0.9990234375 }, { "start": 1063.84, "end": 1064.02, "word": " Plenty", "probability": 0.998779296875 }, { "start": 1064.02, "end": 1064.14, "word": " of", "probability": 0.99951171875 }, { "start": 1064.14, "end": 1064.38, "word": " people", "probability": 0.99951171875 }, { "start": 1064.38, "end": 1064.56, "word": " who", "probability": 0.99951171875 }, { "start": 1064.56, "end": 1064.82, "word": " bought", "probability": 0.99951171875 }, { "start": 1064.82, "end": 1064.96, "word": " in", "probability": 0.9990234375 }, { "start": 1064.96, "end": 1065.04, "word": " the", "probability": 0.99951171875 }, { "start": 1065.04, "end": 1065.28, "word": " last", "probability": 0.99951171875 }, { "start": 1065.28, "end": 1065.48, "word": " year", "probability": 1.0 }, { "start": 1065.48, "end": 1065.6, "word": " or", "probability": 0.99951171875 }, { "start": 1065.6, "end": 1065.78, "word": " two", "probability": 0.99853515625 }, { "start": 1065.78, "end": 1066.24, "word": " have", "probability": 0.99560546875 }, { "start": 1066.24, "end": 1066.34, "word": " an", "probability": 0.99951171875 }, { "start": 1066.34, "end": 1066.58, "word": " average", "probability": 0.99951171875 }, { "start": 1066.58, "end": 1066.9, "word": " cost", "probability": 0.9970703125 } ] }, { "start": 1066.9, "end": 1072.08, "text": "between 88K and 100K, and some of them will sell to get their money back on the way up. And in fact,", "avg_logprob": -0.058343750715255736, "no_speech_prob": 0.0, "words": [ { "start": 1066.9, "end": 1067.2, "word": " between", "probability": 0.9951171875 }, { "start": 1067.2, "end": 1067.9, "word": " 88K", "probability": 0.5999755859375 }, { "start": 1067.9, "end": 1068.04, "word": " and", "probability": 1.0 }, { "start": 1068.04, "end": 1068.52, "word": " 100K,", "probability": 0.999267578125 }, { "start": 1068.7, "end": 1069.1, "word": " and", "probability": 0.99853515625 }, { "start": 1069.1, "end": 1069.42, "word": " some", "probability": 1.0 }, { "start": 1069.42, "end": 1069.52, "word": " of", "probability": 1.0 }, { "start": 1069.52, "end": 1069.76, "word": " them", "probability": 1.0 }, { "start": 1069.76, "end": 1070.04, "word": " will", "probability": 0.99951171875 }, { "start": 1070.04, "end": 1070.28, "word": " sell", "probability": 1.0 }, { "start": 1070.28, "end": 1070.4, "word": " to", "probability": 1.0 }, { "start": 1070.4, "end": 1070.56, "word": " get", "probability": 1.0 }, { "start": 1070.56, "end": 1070.66, "word": " their", "probability": 1.0 }, { "start": 1070.66, "end": 1070.84, "word": " money", "probability": 1.0 }, { "start": 1070.84, "end": 1071.08, "word": " back", "probability": 1.0 }, { "start": 1071.08, "end": 1071.28, "word": " on", "probability": 0.99951171875 }, { "start": 1071.28, "end": 1071.36, "word": " the", "probability": 1.0 }, { "start": 1071.36, "end": 1071.48, "word": " way", "probability": 0.99951171875 }, { "start": 1071.48, "end": 1071.64, "word": " up.", "probability": 1.0 }, { "start": 1071.7, "end": 1071.76, "word": " And", "probability": 0.97216796875 }, { "start": 1071.76, "end": 1071.9, "word": " in", "probability": 0.986328125 }, { "start": 1071.9, "end": 1072.08, "word": " fact,", "probability": 1.0 } ] }, { "start": 1072.24, "end": 1075.5, "text": "it's one of the reasons why Bitcoin is stuck where it is right now. We are working through", "avg_logprob": -0.058343750715255736, "no_speech_prob": 0.0, "words": [ { "start": 1072.24, "end": 1072.6, "word": " it's", "probability": 1.0 }, { "start": 1072.6, "end": 1072.72, "word": " one", "probability": 1.0 }, { "start": 1072.72, "end": 1072.8, "word": " of", "probability": 1.0 }, { "start": 1072.8, "end": 1072.86, "word": " the", "probability": 0.99951171875 }, { "start": 1072.86, "end": 1073.12, "word": " reasons", "probability": 0.99462890625 }, { "start": 1073.12, "end": 1073.3, "word": " why", "probability": 0.99951171875 }, { "start": 1073.3, "end": 1073.54, "word": " Bitcoin", "probability": 0.9970703125 }, { "start": 1073.54, "end": 1073.7, "word": " is", "probability": 0.99755859375 }, { "start": 1073.7, "end": 1073.88, "word": " stuck", "probability": 0.9970703125 }, { "start": 1073.88, "end": 1074.04, "word": " where", "probability": 1.0 }, { "start": 1074.04, "end": 1074.12, "word": " it", "probability": 0.99951171875 }, { "start": 1074.12, "end": 1074.24, "word": " is", "probability": 0.99951171875 }, { "start": 1074.24, "end": 1074.4, "word": " right", "probability": 0.99951171875 }, { "start": 1074.4, "end": 1074.58, "word": " now.", "probability": 1.0 }, { "start": 1074.66, "end": 1074.72, "word": " We", "probability": 0.99951171875 }, { "start": 1074.72, "end": 1074.84, "word": " are", "probability": 0.99853515625 }, { "start": 1074.84, "end": 1075.18, "word": " working", "probability": 1.0 }, { "start": 1075.18, "end": 1075.5, "word": " through", "probability": 1.0 } ] }, { "start": 1075.5, "end": 1081.16, "text": "those sellers. But the crowd that sold because $100,000 was the dream has already sold.", "avg_logprob": -0.058343750715255736, "no_speech_prob": 0.0, "words": [ { "start": 1075.5, "end": 1076.02, "word": " those", "probability": 0.9990234375 }, { "start": 1076.02, "end": 1076.32, "word": " sellers.", "probability": 0.99609375 }, { "start": 1076.52, "end": 1076.96, "word": " But", "probability": 0.99951171875 }, { "start": 1076.96, "end": 1077.24, "word": " the", "probability": 0.99951171875 }, { "start": 1077.24, "end": 1077.48, "word": " crowd", "probability": 0.99951171875 }, { "start": 1077.48, "end": 1077.64, "word": " that", "probability": 1.0 }, { "start": 1077.64, "end": 1077.92, "word": " sold", "probability": 0.99560546875 }, { "start": 1077.92, "end": 1078.2, "word": " because", "probability": 0.95166015625 }, { "start": 1078.2, "end": 1078.5, "word": " $100", "probability": 0.9921875 }, { "start": 1078.5, "end": 1078.78, "word": ",000", "probability": 0.998779296875 }, { "start": 1078.78, "end": 1079.22, "word": " was", "probability": 1.0 }, { "start": 1079.22, "end": 1079.38, "word": " the", "probability": 1.0 }, { "start": 1079.38, "end": 1079.74, "word": " dream", "probability": 0.99951171875 }, { "start": 1079.74, "end": 1080.16, "word": " has", "probability": 0.994140625 }, { "start": 1080.16, "end": 1080.62, "word": " already", "probability": 1.0 }, { "start": 1080.62, "end": 1081.16, "word": " sold.", "probability": 1.0 } ] }, { "start": 1081.5, "end": 1086.86, "text": "So the next time Bitcoin gets to 100K, I don't think it chops around there. I think it goes", "avg_logprob": -0.058343750715255736, "no_speech_prob": 0.0, "words": [ { "start": 1081.5, "end": 1081.82, "word": " So", "probability": 0.99951171875 }, { "start": 1081.82, "end": 1082.08, "word": " the", "probability": 0.96484375 }, { "start": 1082.08, "end": 1082.26, "word": " next", "probability": 1.0 }, { "start": 1082.26, "end": 1082.46, "word": " time", "probability": 1.0 }, { "start": 1082.46, "end": 1082.74, "word": " Bitcoin", "probability": 1.0 }, { "start": 1082.74, "end": 1083.12, "word": " gets", "probability": 1.0 }, { "start": 1083.12, "end": 1083.26, "word": " to", "probability": 1.0 }, { "start": 1083.26, "end": 1083.8, "word": " 100K,", "probability": 0.996337890625 }, { "start": 1084.06, "end": 1084.28, "word": " I", "probability": 1.0 }, { "start": 1084.28, "end": 1084.48, "word": " don't", "probability": 1.0 }, { "start": 1084.48, "end": 1084.64, "word": " think", "probability": 1.0 }, { "start": 1084.64, "end": 1084.78, "word": " it", "probability": 1.0 }, { "start": 1084.78, "end": 1085.06, "word": " chops", "probability": 0.93212890625 }, { "start": 1085.06, "end": 1085.4, "word": " around", "probability": 1.0 }, { "start": 1085.4, "end": 1085.68, "word": " there.", "probability": 1.0 }, { "start": 1085.82, "end": 1086.14, "word": " I", "probability": 1.0 }, { "start": 1086.14, "end": 1086.34, "word": " think", "probability": 1.0 }, { "start": 1086.34, "end": 1086.48, "word": " it", "probability": 1.0 }, { "start": 1086.48, "end": 1086.86, "word": " goes", "probability": 1.0 } ] }, { "start": 1086.86, "end": 1092.8, "text": "straight through it. And the next real milestone after that is $250,000, a quarter of the way to", "avg_logprob": -0.058343750715255736, "no_speech_prob": 0.0, "words": [ { "start": 1086.86, "end": 1087.4, "word": " straight", "probability": 0.99951171875 }, { "start": 1087.4, "end": 1087.66, "word": " through", "probability": 1.0 }, { "start": 1087.66, "end": 1087.86, "word": " it.", "probability": 0.99951171875 }, { "start": 1088.0, "end": 1088.42, "word": " And", "probability": 0.96728515625 }, { "start": 1088.42, "end": 1088.66, "word": " the", "probability": 1.0 }, { "start": 1088.66, "end": 1088.86, "word": " next", "probability": 1.0 }, { "start": 1088.86, "end": 1089.04, "word": " real", "probability": 0.99951171875 }, { "start": 1089.04, "end": 1089.48, "word": " milestone", "probability": 1.0 }, { "start": 1089.48, "end": 1089.84, "word": " after", "probability": 1.0 }, { "start": 1089.84, "end": 1090.18, "word": " that", "probability": 1.0 }, { "start": 1090.18, "end": 1090.48, "word": " is", "probability": 1.0 }, { "start": 1090.48, "end": 1091.16, "word": " $250", "probability": 0.99951171875 }, { "start": 1091.16, "end": 1091.74, "word": ",000,", "probability": 1.0 }, { "start": 1092.02, "end": 1092.1, "word": " a", "probability": 0.99951171875 }, { "start": 1092.1, "end": 1092.36, "word": " quarter", "probability": 1.0 }, { "start": 1092.36, "end": 1092.52, "word": " of", "probability": 1.0 }, { "start": 1092.52, "end": 1092.6, "word": " the", "probability": 1.0 }, { "start": 1092.6, "end": 1092.72, "word": " way", "probability": 0.99951171875 }, { "start": 1092.72, "end": 1092.8, "word": " to", "probability": 1.0 } ] }, { "start": 1092.8, "end": 1098.6, "text": "million. That's about three times from here and about $5 trillion of market value. Bigger than", "avg_logprob": -0.056798136342437036, "no_speech_prob": 0.0, "words": [ { "start": 1092.8, "end": 1093.2, "word": " million.", "probability": 0.7275390625 }, { "start": 1093.52, "end": 1093.96, "word": " That's", "probability": 0.989501953125 }, { "start": 1093.96, "end": 1094.16, "word": " about", "probability": 0.99951171875 }, { "start": 1094.16, "end": 1094.42, "word": " three", "probability": 0.9716796875 }, { "start": 1094.42, "end": 1094.8, "word": " times", "probability": 1.0 }, { "start": 1094.8, "end": 1095.0, "word": " from", "probability": 1.0 }, { "start": 1095.0, "end": 1095.28, "word": " here", "probability": 1.0 }, { "start": 1095.28, "end": 1095.52, "word": " and", "probability": 0.85009765625 }, { "start": 1095.52, "end": 1095.9, "word": " about", "probability": 0.99609375 }, { "start": 1095.9, "end": 1096.28, "word": " $5", "probability": 0.92919921875 }, { "start": 1096.28, "end": 1096.6, "word": " trillion", "probability": 0.99951171875 }, { "start": 1096.6, "end": 1097.24, "word": " of", "probability": 0.99267578125 }, { "start": 1097.24, "end": 1097.52, "word": " market", "probability": 0.99951171875 }, { "start": 1097.52, "end": 1097.86, "word": " value.", "probability": 1.0 }, { "start": 1098.0, "end": 1098.4, "word": " Bigger", "probability": 0.9990234375 }, { "start": 1098.4, "end": 1098.6, "word": " than", "probability": 1.0 } ] }, { "start": 1098.6, "end": 1104.1, "text": "all but a handful of companies on earth. And it would add roughly $191,000 per Bitcoin", "avg_logprob": -0.056798136342437036, "no_speech_prob": 0.0, "words": [ { "start": 1098.6, "end": 1099.16, "word": " all", "probability": 0.99951171875 }, { "start": 1099.16, "end": 1099.36, "word": " but", "probability": 0.916015625 }, { "start": 1099.36, "end": 1099.46, "word": " a", "probability": 0.99951171875 }, { "start": 1099.46, "end": 1099.8, "word": " handful", "probability": 0.99951171875 }, { "start": 1099.8, "end": 1100.1, "word": " of", "probability": 1.0 }, { "start": 1100.1, "end": 1100.46, "word": " companies", "probability": 0.9990234375 }, { "start": 1100.46, "end": 1101.14, "word": " on", "probability": 0.99951171875 }, { "start": 1101.14, "end": 1101.38, "word": " earth.", "probability": 0.64404296875 }, { "start": 1101.52, "end": 1101.7, "word": " And", "probability": 0.98779296875 }, { "start": 1101.7, "end": 1101.78, "word": " it", "probability": 0.935546875 }, { "start": 1101.78, "end": 1101.86, "word": " would", "probability": 0.9990234375 }, { "start": 1101.86, "end": 1102.08, "word": " add", "probability": 0.99951171875 }, { "start": 1102.08, "end": 1102.36, "word": " roughly", "probability": 0.9970703125 }, { "start": 1102.36, "end": 1102.92, "word": " $191", "probability": 0.9996744791666666 }, { "start": 1102.92, "end": 1103.32, "word": ",000", "probability": 0.99755859375 }, { "start": 1103.32, "end": 1103.76, "word": " per", "probability": 0.99853515625 }, { "start": 1103.76, "end": 1104.1, "word": " Bitcoin", "probability": 0.94091796875 } ] }, { "start": 1104.1, "end": 1110.16, "text": "from this cycle's low. The last cycle added about $111,000 per coin. The most Bitcoin had ever", "avg_logprob": -0.056798136342437036, "no_speech_prob": 0.0, "words": [ { "start": 1104.1, "end": 1104.64, "word": " from", "probability": 0.99951171875 }, { "start": 1104.64, "end": 1104.9, "word": " this", "probability": 0.99951171875 }, { "start": 1104.9, "end": 1105.34, "word": " cycle's", "probability": 0.999267578125 }, { "start": 1105.34, "end": 1105.54, "word": " low.", "probability": 0.86279296875 }, { "start": 1105.74, "end": 1106.14, "word": " The", "probability": 0.99951171875 }, { "start": 1106.14, "end": 1106.32, "word": " last", "probability": 0.9990234375 }, { "start": 1106.32, "end": 1106.6, "word": " cycle", "probability": 0.99951171875 }, { "start": 1106.6, "end": 1106.84, "word": " added", "probability": 0.99951171875 }, { "start": 1106.84, "end": 1107.14, "word": " about", "probability": 0.99951171875 }, { "start": 1107.14, "end": 1107.84, "word": " $111", "probability": 0.9967447916666666 }, { "start": 1107.84, "end": 1108.16, "word": ",000", "probability": 0.999755859375 }, { "start": 1108.16, "end": 1108.52, "word": " per", "probability": 0.99951171875 }, { "start": 1108.52, "end": 1108.78, "word": " coin.", "probability": 0.99658203125 }, { "start": 1108.9, "end": 1109.26, "word": " The", "probability": 0.98486328125 }, { "start": 1109.26, "end": 1109.42, "word": " most", "probability": 0.9990234375 }, { "start": 1109.42, "end": 1109.72, "word": " Bitcoin", "probability": 0.99951171875 }, { "start": 1109.72, "end": 1109.92, "word": " had", "probability": 0.99951171875 }, { "start": 1109.92, "end": 1110.16, "word": " ever", "probability": 0.99853515625 } ] }, { "start": 1110.16, "end": 1116.34, "text": "gained in a single run. So $250K would be close to double the biggest dollar move in Bitcoin's", "avg_logprob": -0.056798136342437036, "no_speech_prob": 0.0, "words": [ { "start": 1110.16, "end": 1110.52, "word": " gained", "probability": 0.99853515625 }, { "start": 1110.52, "end": 1110.76, "word": " in", "probability": 1.0 }, { "start": 1110.76, "end": 1110.86, "word": " a", "probability": 0.99951171875 }, { "start": 1110.86, "end": 1111.04, "word": " single", "probability": 0.9765625 }, { "start": 1111.04, "end": 1111.3, "word": " run.", "probability": 0.99951171875 }, { "start": 1111.44, "end": 1111.52, "word": " So", "probability": 0.99609375 }, { "start": 1111.52, "end": 1112.88, "word": " $250K", "probability": 0.69775390625 }, { "start": 1112.88, "end": 1113.34, "word": " would", "probability": 0.99951171875 }, { "start": 1113.34, "end": 1113.46, "word": " be", "probability": 1.0 }, { "start": 1113.46, "end": 1113.76, "word": " close", "probability": 0.99951171875 }, { "start": 1113.76, "end": 1113.96, "word": " to", "probability": 1.0 }, { "start": 1113.96, "end": 1114.28, "word": " double", "probability": 0.9951171875 }, { "start": 1114.28, "end": 1114.78, "word": " the", "probability": 1.0 }, { "start": 1114.78, "end": 1115.06, "word": " biggest", "probability": 0.998046875 }, { "start": 1115.06, "end": 1115.28, "word": " dollar", "probability": 0.99658203125 }, { "start": 1115.28, "end": 1115.62, "word": " move", "probability": 0.99853515625 }, { "start": 1115.62, "end": 1115.84, "word": " in", "probability": 0.99951171875 }, { "start": 1115.84, "end": 1116.34, "word": " Bitcoin's", "probability": 0.99951171875 } ] }, { "start": 1116.34, "end": 1122.34, "text": "history. You probably see some resistance at $250K. The real wall is $500,000. And that's", "avg_logprob": -0.056798136342437036, "no_speech_prob": 0.0, "words": [ { "start": 1116.34, "end": 1116.54, "word": " history.", "probability": 0.99951171875 }, { "start": 1116.76, "end": 1117.18, "word": " You", "probability": 1.0 }, { "start": 1117.18, "end": 1117.4, "word": " probably", "probability": 0.92919921875 }, { "start": 1117.4, "end": 1117.58, "word": " see", "probability": 0.9951171875 }, { "start": 1117.58, "end": 1117.76, "word": " some", "probability": 0.99951171875 }, { "start": 1117.76, "end": 1118.14, "word": " resistance", "probability": 0.9990234375 }, { "start": 1118.14, "end": 1118.36, "word": " at", "probability": 0.9990234375 }, { "start": 1118.36, "end": 1119.26, "word": " $250K.", "probability": 0.9977213541666666 }, { "start": 1119.46, "end": 1119.76, "word": " The", "probability": 0.99951171875 }, { "start": 1119.76, "end": 1120.02, "word": " real", "probability": 0.99951171875 }, { "start": 1120.02, "end": 1120.32, "word": " wall", "probability": 0.97900390625 }, { "start": 1120.32, "end": 1120.56, "word": " is", "probability": 1.0 }, { "start": 1120.56, "end": 1121.04, "word": " $500", "probability": 0.999755859375 }, { "start": 1121.04, "end": 1121.5, "word": ",000.", "probability": 0.999267578125 }, { "start": 1121.9, "end": 1122.16, "word": " And", "probability": 0.99462890625 }, { "start": 1122.16, "end": 1122.34, "word": " that's", "probability": 0.99951171875 } ] }, { "start": 1122.34, "end": 1129.42, "text": "no coincidence, to beat the last cycle's 8.2x, Bitcoin has to get to about $482,000. That's the", "avg_logprob": -0.07567630569214251, "no_speech_prob": 0.0, "words": [ { "start": 1122.34, "end": 1122.48, "word": " no", "probability": 0.91015625 }, { "start": 1122.48, "end": 1122.88, "word": " coincidence,", "probability": 0.99951171875 }, { "start": 1123.14, "end": 1123.48, "word": " to", "probability": 1.0 }, { "start": 1123.48, "end": 1123.64, "word": " beat", "probability": 0.99951171875 }, { "start": 1123.64, "end": 1123.76, "word": " the", "probability": 0.99951171875 }, { "start": 1123.76, "end": 1123.96, "word": " last", "probability": 1.0 }, { "start": 1123.96, "end": 1124.34, "word": " cycle's", "probability": 0.99462890625 }, { "start": 1124.34, "end": 1124.54, "word": " 8", "probability": 0.9833984375 }, { "start": 1124.54, "end": 1125.1, "word": ".2x,", "probability": 0.9695638020833334 }, { "start": 1125.26, "end": 1125.56, "word": " Bitcoin", "probability": 0.97021484375 }, { "start": 1125.56, "end": 1125.86, "word": " has", "probability": 1.0 }, { "start": 1125.86, "end": 1126.0, "word": " to", "probability": 1.0 }, { "start": 1126.0, "end": 1126.12, "word": " get", "probability": 0.99951171875 }, { "start": 1126.12, "end": 1126.28, "word": " to", "probability": 1.0 }, { "start": 1126.28, "end": 1126.48, "word": " about", "probability": 0.9951171875 }, { "start": 1126.48, "end": 1127.52, "word": " $482", "probability": 0.9811197916666666 }, { "start": 1127.52, "end": 1128.3, "word": ",000.", "probability": 0.99853515625 }, { "start": 1128.78, "end": 1129.3, "word": " That's", "probability": 0.99951171875 }, { "start": 1129.3, "end": 1129.42, "word": " the", "probability": 0.9990234375 } ] }, { "start": 1129.42, "end": 1134.56, "text": "level where this becomes a bigger cycle than the last one, and it's where I'd expect a real fight", "avg_logprob": -0.07567630569214251, "no_speech_prob": 0.0, "words": [ { "start": 1129.42, "end": 1129.68, "word": " level", "probability": 0.998046875 }, { "start": 1129.68, "end": 1129.92, "word": " where", "probability": 1.0 }, { "start": 1129.92, "end": 1130.2, "word": " this", "probability": 0.99951171875 }, { "start": 1130.2, "end": 1130.58, "word": " becomes", "probability": 1.0 }, { "start": 1130.58, "end": 1130.82, "word": " a", "probability": 1.0 }, { "start": 1130.82, "end": 1131.12, "word": " bigger", "probability": 0.99853515625 }, { "start": 1131.12, "end": 1131.66, "word": " cycle", "probability": 1.0 }, { "start": 1131.66, "end": 1132.2, "word": " than", "probability": 0.99951171875 }, { "start": 1132.2, "end": 1132.3, "word": " the", "probability": 0.99755859375 }, { "start": 1132.3, "end": 1132.54, "word": " last", "probability": 0.9990234375 }, { "start": 1132.54, "end": 1132.7, "word": " one,", "probability": 0.9990234375 }, { "start": 1132.8, "end": 1133.1, "word": " and", "probability": 0.99951171875 }, { "start": 1133.1, "end": 1133.32, "word": " it's", "probability": 0.999267578125 }, { "start": 1133.32, "end": 1133.44, "word": " where", "probability": 0.83642578125 }, { "start": 1133.44, "end": 1133.6, "word": " I'd", "probability": 0.99560546875 }, { "start": 1133.6, "end": 1133.84, "word": " expect", "probability": 0.9990234375 }, { "start": 1133.84, "end": 1134.04, "word": " a", "probability": 1.0 }, { "start": 1134.04, "end": 1134.24, "word": " real", "probability": 0.99609375 }, { "start": 1134.24, "end": 1134.56, "word": " fight", "probability": 0.99951171875 } ] }, { "start": 1134.56, "end": 1140.18, "text": "between buyers and sellers. So could the road there get bumpy at first? Of course. Hedge funds", "avg_logprob": -0.07567630569214251, "no_speech_prob": 0.0, "words": [ { "start": 1134.56, "end": 1134.8, "word": " between", "probability": 0.99951171875 }, { "start": 1134.8, "end": 1135.14, "word": " buyers", "probability": 0.99755859375 }, { "start": 1135.14, "end": 1135.3, "word": " and", "probability": 1.0 }, { "start": 1135.3, "end": 1135.54, "word": " sellers.", "probability": 0.998046875 }, { "start": 1135.8, "end": 1136.2, "word": " So", "probability": 0.9482421875 }, { "start": 1136.2, "end": 1136.56, "word": " could", "probability": 0.69873046875 }, { "start": 1136.56, "end": 1136.72, "word": " the", "probability": 1.0 }, { "start": 1136.72, "end": 1136.96, "word": " road", "probability": 0.9970703125 }, { "start": 1136.96, "end": 1137.18, "word": " there", "probability": 0.998046875 }, { "start": 1137.18, "end": 1137.44, "word": " get", "probability": 1.0 }, { "start": 1137.44, "end": 1137.86, "word": " bumpy", "probability": 0.99951171875 }, { "start": 1137.86, "end": 1138.16, "word": " at", "probability": 1.0 }, { "start": 1138.16, "end": 1138.5, "word": " first?", "probability": 0.99951171875 }, { "start": 1138.76, "end": 1139.04, "word": " Of", "probability": 1.0 }, { "start": 1139.04, "end": 1139.36, "word": " course.", "probability": 1.0 }, { "start": 1139.58, "end": 1140.0, "word": " Hedge", "probability": 0.9990234375 }, { "start": 1140.0, "end": 1140.18, "word": " funds", "probability": 0.998046875 } ] }, { "start": 1140.18, "end": 1145.78, "text": "are still unwinding, the midterms are November 3rd, and a drift back towards $75k is on the table.", "avg_logprob": -0.07567630569214251, "no_speech_prob": 0.0, "words": [ { "start": 1140.18, "end": 1140.34, "word": " are", "probability": 1.0 }, { "start": 1140.34, "end": 1140.5, "word": " still", "probability": 0.9990234375 }, { "start": 1140.5, "end": 1141.08, "word": " unwinding,", "probability": 0.99951171875 }, { "start": 1141.24, "end": 1141.3, "word": " the", "probability": 0.99609375 }, { "start": 1141.3, "end": 1141.74, "word": " midterms", "probability": 0.9993489583333334 }, { "start": 1141.74, "end": 1141.88, "word": " are", "probability": 0.99951171875 }, { "start": 1141.88, "end": 1142.22, "word": " November", "probability": 0.998046875 }, { "start": 1142.22, "end": 1142.72, "word": " 3rd,", "probability": 0.988525390625 }, { "start": 1142.82, "end": 1142.92, "word": " and", "probability": 1.0 }, { "start": 1142.92, "end": 1143.08, "word": " a", "probability": 0.99853515625 }, { "start": 1143.08, "end": 1143.26, "word": " drift", "probability": 0.99853515625 }, { "start": 1143.26, "end": 1143.52, "word": " back", "probability": 0.982421875 }, { "start": 1143.52, "end": 1143.8, "word": " towards", "probability": 0.91357421875 }, { "start": 1143.8, "end": 1144.52, "word": " $75k", "probability": 0.8585611979166666 }, { "start": 1144.52, "end": 1145.0, "word": " is", "probability": 0.9990234375 }, { "start": 1145.0, "end": 1145.3, "word": " on", "probability": 1.0 }, { "start": 1145.3, "end": 1145.46, "word": " the", "probability": 0.99951171875 }, { "start": 1145.46, "end": 1145.78, "word": " table.", "probability": 0.998046875 } ] }, { "start": 1146.18, "end": 1152.1, "text": "Near term, expect plenty of choppiness. But zoom out. In strategy's removal from MSCI is a", "avg_logprob": -0.07567630569214251, "no_speech_prob": 0.0, "words": [ { "start": 1146.18, "end": 1146.5, "word": " Near", "probability": 0.99853515625 }, { "start": 1146.5, "end": 1146.82, "word": " term,", "probability": 0.75927734375 }, { "start": 1147.02, "end": 1147.32, "word": " expect", "probability": 0.9990234375 }, { "start": 1147.32, "end": 1147.76, "word": " plenty", "probability": 1.0 }, { "start": 1147.76, "end": 1148.02, "word": " of", "probability": 1.0 }, { "start": 1148.02, "end": 1148.52, "word": " choppiness.", "probability": 0.9791666666666666 }, { "start": 1148.7, "end": 1149.14, "word": " But", "probability": 0.99853515625 }, { "start": 1149.14, "end": 1149.4, "word": " zoom", "probability": 0.8486328125 }, { "start": 1149.4, "end": 1149.66, "word": " out.", "probability": 0.99951171875 }, { "start": 1150.0, "end": 1150.08, "word": " In", "probability": 0.72412109375 }, { "start": 1150.08, "end": 1150.64, "word": " strategy's", "probability": 0.675048828125 }, { "start": 1150.64, "end": 1150.92, "word": " removal", "probability": 0.9970703125 }, { "start": 1150.92, "end": 1151.18, "word": " from", "probability": 0.99951171875 }, { "start": 1151.18, "end": 1151.7, "word": " MSCI", "probability": 0.998779296875 }, { "start": 1151.7, "end": 1151.96, "word": " is", "probability": 0.81982421875 }, { "start": 1151.96, "end": 1152.1, "word": " a", "probability": 0.9970703125 } ] }, { "start": 1152.1, "end": 1157.52, "text": "speed bump on the road to get what could be the biggest run of this entire asset's life.", "avg_logprob": -0.050882274317073414, "no_speech_prob": 0.0, "words": [ { "start": 1152.1, "end": 1152.34, "word": " speed", "probability": 0.9697265625 }, { "start": 1152.34, "end": 1152.68, "word": " bump", "probability": 0.9970703125 }, { "start": 1152.68, "end": 1152.92, "word": " on", "probability": 0.9970703125 }, { "start": 1152.92, "end": 1153.02, "word": " the", "probability": 1.0 }, { "start": 1153.02, "end": 1153.4, "word": " road", "probability": 1.0 }, { "start": 1153.4, "end": 1153.72, "word": " to", "probability": 0.99951171875 }, { "start": 1153.72, "end": 1153.96, "word": " get", "probability": 1.0 }, { "start": 1153.96, "end": 1154.2, "word": " what", "probability": 1.0 }, { "start": 1154.2, "end": 1154.48, "word": " could", "probability": 1.0 }, { "start": 1154.48, "end": 1154.76, "word": " be", "probability": 1.0 }, { "start": 1154.76, "end": 1155.28, "word": " the", "probability": 1.0 }, { "start": 1155.28, "end": 1155.6, "word": " biggest", "probability": 1.0 }, { "start": 1155.6, "end": 1155.88, "word": " run", "probability": 0.99951171875 }, { "start": 1155.88, "end": 1156.08, "word": " of", "probability": 1.0 }, { "start": 1156.08, "end": 1156.26, "word": " this", "probability": 0.9990234375 }, { "start": 1156.26, "end": 1156.64, "word": " entire", "probability": 0.99951171875 }, { "start": 1156.64, "end": 1157.24, "word": " asset's", "probability": 0.982421875 }, { "start": 1157.24, "end": 1157.52, "word": " life.", "probability": 0.99951171875 } ] }, { "start": 1157.7, "end": 1162.58, "text": "So what does this mean for you? The headline is about a stock, and that stock is going to", "avg_logprob": -0.050882274317073414, "no_speech_prob": 0.0, "words": [ { "start": 1157.7, "end": 1158.18, "word": " So", "probability": 0.98828125 }, { "start": 1158.18, "end": 1158.42, "word": " what", "probability": 0.89013671875 }, { "start": 1158.42, "end": 1158.54, "word": " does", "probability": 1.0 }, { "start": 1158.54, "end": 1158.68, "word": " this", "probability": 0.99951171875 }, { "start": 1158.68, "end": 1158.86, "word": " mean", "probability": 1.0 }, { "start": 1158.86, "end": 1159.06, "word": " for", "probability": 0.99951171875 }, { "start": 1159.06, "end": 1159.24, "word": " you?", "probability": 1.0 }, { "start": 1159.48, "end": 1159.84, "word": " The", "probability": 1.0 }, { "start": 1159.84, "end": 1160.16, "word": " headline", "probability": 1.0 }, { "start": 1160.16, "end": 1160.42, "word": " is", "probability": 1.0 }, { "start": 1160.42, "end": 1160.62, "word": " about", "probability": 1.0 }, { "start": 1160.62, "end": 1160.78, "word": " a", "probability": 1.0 }, { "start": 1160.78, "end": 1161.14, "word": " stock,", "probability": 0.9990234375 }, { "start": 1161.18, "end": 1161.44, "word": " and", "probability": 1.0 }, { "start": 1161.44, "end": 1161.76, "word": " that", "probability": 1.0 }, { "start": 1161.76, "end": 1162.1, "word": " stock", "probability": 0.99951171875 }, { "start": 1162.1, "end": 1162.34, "word": " is", "probability": 1.0 }, { "start": 1162.34, "end": 1162.48, "word": " going", "probability": 0.93505859375 }, { "start": 1162.48, "end": 1162.58, "word": " to", "probability": 1.0 } ] }, { "start": 1162.58, "end": 1167.64, "text": "take hits through November. Your Bitcoin is an entirely separate asset with the same 21 million", "avg_logprob": -0.050882274317073414, "no_speech_prob": 0.0, "words": [ { "start": 1162.58, "end": 1162.76, "word": " take", "probability": 0.99853515625 }, { "start": 1162.76, "end": 1163.0, "word": " hits", "probability": 0.99560546875 }, { "start": 1163.0, "end": 1163.18, "word": " through", "probability": 1.0 }, { "start": 1163.18, "end": 1163.52, "word": " November.", "probability": 0.99951171875 }, { "start": 1163.82, "end": 1164.22, "word": " Your", "probability": 0.99951171875 }, { "start": 1164.22, "end": 1164.44, "word": " Bitcoin", "probability": 0.9638671875 }, { "start": 1164.44, "end": 1164.86, "word": " is", "probability": 1.0 }, { "start": 1164.86, "end": 1165.02, "word": " an", "probability": 1.0 }, { "start": 1165.02, "end": 1165.48, "word": " entirely", "probability": 1.0 }, { "start": 1165.48, "end": 1165.96, "word": " separate", "probability": 1.0 }, { "start": 1165.96, "end": 1166.42, "word": " asset", "probability": 1.0 }, { "start": 1166.42, "end": 1166.64, "word": " with", "probability": 0.97900390625 }, { "start": 1166.64, "end": 1166.8, "word": " the", "probability": 1.0 }, { "start": 1166.8, "end": 1167.04, "word": " same", "probability": 0.998046875 }, { "start": 1167.04, "end": 1167.36, "word": " 21", "probability": 0.99853515625 }, { "start": 1167.36, "end": 1167.64, "word": " million", "probability": 0.99951171875 } ] }, { "start": 1167.64, "end": 1173.52, "text": "coins it had last week and the week before that. And a wall of Wall Street money now has a door to", "avg_logprob": -0.050882274317073414, "no_speech_prob": 0.0, "words": [ { "start": 1167.64, "end": 1168.06, "word": " coins", "probability": 0.99951171875 }, { "start": 1168.06, "end": 1168.28, "word": " it", "probability": 1.0 }, { "start": 1168.28, "end": 1168.56, "word": " had", "probability": 1.0 }, { "start": 1168.56, "end": 1169.24, "word": " last", "probability": 0.99951171875 }, { "start": 1169.24, "end": 1169.52, "word": " week", "probability": 1.0 }, { "start": 1169.52, "end": 1169.7, "word": " and", "probability": 0.9951171875 }, { "start": 1169.7, "end": 1169.9, "word": " the", "probability": 0.9970703125 }, { "start": 1169.9, "end": 1170.02, "word": " week", "probability": 0.99560546875 }, { "start": 1170.02, "end": 1170.28, "word": " before", "probability": 0.99951171875 }, { "start": 1170.28, "end": 1170.54, "word": " that.", "probability": 0.9990234375 }, { "start": 1170.76, "end": 1171.16, "word": " And", "probability": 0.99951171875 }, { "start": 1171.16, "end": 1171.3, "word": " a", "probability": 0.97265625 }, { "start": 1171.3, "end": 1171.58, "word": " wall", "probability": 0.99951171875 }, { "start": 1171.58, "end": 1171.74, "word": " of", "probability": 1.0 }, { "start": 1171.74, "end": 1171.92, "word": " Wall", "probability": 0.99853515625 }, { "start": 1171.92, "end": 1172.12, "word": " Street", "probability": 0.9833984375 }, { "start": 1172.12, "end": 1172.42, "word": " money", "probability": 0.998046875 }, { "start": 1172.42, "end": 1172.86, "word": " now", "probability": 0.99951171875 }, { "start": 1172.86, "end": 1173.1, "word": " has", "probability": 1.0 }, { "start": 1173.1, "end": 1173.24, "word": " a", "probability": 0.99951171875 }, { "start": 1173.24, "end": 1173.36, "word": " door", "probability": 0.99853515625 }, { "start": 1173.36, "end": 1173.52, "word": " to", "probability": 1.0 } ] }, { "start": 1173.52, "end": 1177.68, "text": "it. So let me bring this home. Remember the two things I asked you to hold onto at the start of", "avg_logprob": -0.050882274317073414, "no_speech_prob": 0.0, "words": [ { "start": 1173.52, "end": 1173.66, "word": " it.", "probability": 1.0 }, { "start": 1173.86, "end": 1174.16, "word": " So", "probability": 0.9990234375 }, { "start": 1174.16, "end": 1174.36, "word": " let", "probability": 0.9990234375 }, { "start": 1174.36, "end": 1174.46, "word": " me", "probability": 1.0 }, { "start": 1174.46, "end": 1174.58, "word": " bring", "probability": 1.0 }, { "start": 1174.58, "end": 1174.74, "word": " this", "probability": 0.99951171875 }, { "start": 1174.74, "end": 1174.9, "word": " home.", "probability": 0.9736328125 }, { "start": 1175.14, "end": 1175.56, "word": " Remember", "probability": 1.0 }, { "start": 1175.56, "end": 1175.72, "word": " the", "probability": 1.0 }, { "start": 1175.72, "end": 1175.92, "word": " two", "probability": 0.9990234375 }, { "start": 1175.92, "end": 1176.24, "word": " things", "probability": 0.99951171875 }, { "start": 1176.24, "end": 1176.38, "word": " I", "probability": 1.0 }, { "start": 1176.38, "end": 1176.66, "word": " asked", "probability": 0.9990234375 }, { "start": 1176.66, "end": 1176.76, "word": " you", "probability": 1.0 }, { "start": 1176.76, "end": 1176.84, "word": " to", "probability": 1.0 }, { "start": 1176.84, "end": 1177.02, "word": " hold", "probability": 0.99951171875 }, { "start": 1177.02, "end": 1177.2, "word": " onto", "probability": 0.65087890625 }, { "start": 1177.2, "end": 1177.34, "word": " at", "probability": 1.0 }, { "start": 1177.34, "end": 1177.44, "word": " the", "probability": 1.0 }, { "start": 1177.44, "end": 1177.6, "word": " start", "probability": 0.9853515625 }, { "start": 1177.6, "end": 1177.68, "word": " of", "probability": 1.0 } ] }, { "start": 1177.68, "end": 1182.92, "text": "the video. The first was the closing bell on November 30th. 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The second was that number sitting around one. That's MNAV. 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Let me know in the comments when Bitcoin gets back to $100,000. Do you guys think it chops", "avg_logprob": -0.063620924949646, "no_speech_prob": 0.0, "words": [ { "start": 1226.96, "end": 1227.12, "word": " like.", "probability": 1.0 }, { "start": 1227.44, "end": 1227.76, "word": " Let", "probability": 0.99853515625 }, { "start": 1227.76, "end": 1227.82, "word": " me", "probability": 1.0 }, { "start": 1227.82, "end": 1227.9, "word": " know", "probability": 0.9990234375 }, { "start": 1227.9, "end": 1228.0, "word": " in", "probability": 0.9990234375 }, { "start": 1228.0, "end": 1228.04, "word": " the", "probability": 0.9990234375 }, { "start": 1228.04, "end": 1228.38, "word": " comments", "probability": 0.9990234375 }, { "start": 1228.38, "end": 1228.66, "word": " when", "probability": 0.728515625 }, { "start": 1228.66, "end": 1229.0, "word": " Bitcoin", "probability": 0.9990234375 }, { "start": 1229.0, "end": 1229.28, "word": " gets", "probability": 0.99951171875 }, { "start": 1229.28, "end": 1229.48, "word": " back", "probability": 1.0 }, { 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