1 00:00:00,000 --> 00:00:05,080 Speaker 1: Let's get into it today. We could have a stealth bear market or a stealth rally all playing 2 00:00:05,080 --> 00:00:08,580 Speaker 1: at the same time. Before we do that, I want to thank our sponsor, and that's iTrust 3 00:00:08,580 --> 00:00:13,220 Speaker 1: Capital, where you guys can get into your own crypto IRA, cryptocurrency, stocks, gold and 4 00:00:13,220 --> 00:00:19,160 Speaker 1: silver, all available over on iTrust Capital. One account, unlimited possibilities. This is 5 00:00:19,160 --> 00:00:22,960 Speaker 1: one of the platforms they've been around for quite a while. You guys can go over and use 6 00:00:22,960 --> 00:00:29,020 Speaker 1: them. If you have a current IRA, you can transfer that if you want to start a brand new IRA 7 00:00:29,020 --> 00:00:33,700 Speaker 1: you can also do that as well so just use our link down below it's going to give you a $100 8 00:00:33,700 --> 00:00:38,100 Speaker 1: funding reward to get started and you're going to have to start tax planning soon and IRAs 9 00:00:38,100 --> 00:00:42,020 Speaker 1: are one of the diversification things that you should be doing to set yourself up for 10 00:00:42,020 --> 00:00:46,240 Speaker 1: success let's get started I want to start with of course the fear and greed for the 11 00:00:46,240 --> 00:00:51,880 Speaker 1: traditional markets this has been hovering into the extreme fear zone all morning as we 12 00:00:51,880 --> 00:00:57,940 Speaker 1: were recording on this, holding it around 25. It had bounced down, I think, sub 25 just 13 00:00:57,940 --> 00:01:01,980 Speaker 1: earlier. When you look at the crypto market, a little bit different. It's setting in a 14 00:01:01,980 --> 00:01:06,880 Speaker 1: little bit better position, holding it a neutral position right now at 48. And I don't 15 00:01:06,880 --> 00:01:11,720 Speaker 1: know, are you guys right now, if you look at the way you're making trades, whether you're 16 00:01:11,720 --> 00:01:16,520 Speaker 1: going into stocks, maybe you're buying gold and or crypto and you're diversifying, tell me 17 00:01:16,520 --> 00:01:21,940 Speaker 1: where you are right now. Are you in more of a neutral mode or more on a fearful mode in the 18 00:01:21,940 --> 00:01:26,520 Speaker 1: market? Just hit it in the comments down below. I want to kind of get your feedback. Let's 19 00:01:26,520 --> 00:01:31,220 Speaker 1: get into a clip here because this clip will go into Gareth Soloway, who's been on the show 20 00:01:31,220 --> 00:01:35,180 Speaker 1: many times, talking about this is the month that makes or breaks it. Take a look. 21 00:01:35,960 --> 00:01:42,280 Speaker 2: The month that breaks markets, the 1907 panic. This is actually what triggered JP Morgan 22 00:01:42,280 --> 00:01:48,280 Speaker 2: back in the day to bail out the stock market and ultimately began the Federal Reserve. 23 00:01:49,140 --> 00:01:55,900 Speaker 2: 1929, Dow falls 89%. Then you have 1987, Black Monday, 24 00:01:56,080 --> 00:02:02,960 Speaker 2: 1989, Friday the 13th, 1997, down 7 .2 % trading halted. And 25 00:02:02,960 --> 00:02:09,420 Speaker 2: 2008, worst week ever on record, down 18%. This is when Lehman failed, 26 00:02:09,740 --> 00:02:16,060 Speaker 2: panic spreads, and everything changed. So bottom line is what we know is October tends to 27 00:02:16,060 --> 00:02:22,400 Speaker 2: be a very violent and potentially negative month. And certainly what we've seen thus far 28 00:02:22,400 --> 00:02:27,740 Speaker 2: has set the possibility in motion we could be on the verge of this. 29 00:02:28,200 --> 00:02:33,060 Speaker 1: All right. So a lot of people looking at this market right now in two veins. You have some 30 00:02:33,060 --> 00:02:37,800 Speaker 1: still believe this bull market is holding. And if you look at AI related stocks, you would 31 00:02:37,800 --> 00:02:44,440 Speaker 1: probably agree with that. 49 % of the S &P 500 right now above every bubble peak except 32 00:02:44,440 --> 00:02:49,680 Speaker 1: for what happened during the railroads this of course gets into the issue of the 33 00:02:49,680 --> 00:02:55,180 Speaker 1: centralization of where trad fi is right now and that is anything that's ai that's the 34 00:02:55,180 --> 00:02:58,820 Speaker 1: trade the real question is how does this play out because you've got credit pressure 35 00:02:58,820 --> 00:03:03,960 Speaker 1: markets coming in hard the question is how that plays into what the fed is going to do not 36 00:03:03,960 --> 00:03:10,340 Speaker 1: only in this month but also in december as we get into rate structures and then you look at 37 00:03:10,340 --> 00:03:16,280 Speaker 1: this statement right here and this is where we get into this stealth bear market and it 38 00:03:16,280 --> 00:03:20,400 Speaker 1: might be a historic opportunity there's a couple of points within this i want to highlight 39 00:03:20,400 --> 00:03:26,540 Speaker 1: we're now witnessing a historic market paradox a bull bear market that is in play and 40 00:03:26,540 --> 00:03:32,620 Speaker 1: within it you can kind of see you know where we've had hits where the s p has had its 41 00:03:32,620 --> 00:03:38,680 Speaker 1: record high what we saw in terms of the bottom and then other key indicators right here 42 00:03:38,680 --> 00:03:44,340 Speaker 1: this was a major component of the bullish thesis for equities and this all centers around 43 00:03:44,340 --> 00:03:48,220 Speaker 1: investors expecting cheaper capital and remember this is a big deal because if cheaper 44 00:03:48,220 --> 00:03:53,940 Speaker 1: capital is truly coming in you'd have more investment and record capex by tech companies 45 00:03:53,940 --> 00:03:58,880 Speaker 1: not all of that is completely translated just yet all right one other thing was this right 46 00:03:58,880 --> 00:04:04,680 Speaker 1: here that that is the S &P should be above 9 ,000 and that of course is providing that the 47 00:04:04,680 --> 00:04:09,120 Speaker 1: war didn't happen okay didn't nothing happened in the middle east iran wasn't attacked we 48 00:04:09,120 --> 00:04:14,660 Speaker 1: didn't have any of that occur and oil prices were regular i guess i don't necessarily agree 49 00:04:14,660 --> 00:04:19,300 Speaker 1: with this i'm not sure that this would be a factor because i'm looking at the way that the 50 00:04:19,300 --> 00:04:25,920 Speaker 1: ai trade is playing out you would need much more broad participation in the rest of the s p 51 00:04:25,920 --> 00:04:30,160 Speaker 1: 500 and i just don't know that that would be the case software is already taking a hit so 52 00:04:30,160 --> 00:04:34,800 Speaker 1: sas companies i think you're see a lot of companies in general because of ai that will 53 00:04:34,800 --> 00:04:40,440 Speaker 1: continue to see less performance so the real core is is that ai has already been performing 54 00:04:40,440 --> 00:04:45,740 Speaker 1: against what's happening globally maybe it performs a little bit better but i don't see it 55 00:04:45,740 --> 00:04:51,320 Speaker 1: at 9 000 for sure all right this happened over the weekend putin floats a summit deal and 56 00:04:51,320 --> 00:04:56,740 Speaker 1: this is coming in from both with trump and g if this comes together and they can put a deal 57 00:04:56,740 --> 00:05:02,180 Speaker 1: together with the uk ukrainians this course could change things again more on a global 58 00:05:02,180 --> 00:05:08,060 Speaker 1: macro side remember russia and ukraine both now harbingers of what's happening around 59 00:05:08,060 --> 00:05:14,860 Speaker 1: energy as almost as much as what's going on in iran and one factor that has been played 60 00:05:14,860 --> 00:05:21,040 Speaker 1: out here recently is that trump has continued to push zielinski to do a surrender i just 61 00:05:21,040 --> 00:05:26,040 Speaker 1: don't see that happening now could we see some sort of you know maybe militarized zone or 62 00:05:26,040 --> 00:05:30,940 Speaker 1: some detente at some point that would kind of set this up maybe that would be the case but 63 00:05:30,940 --> 00:05:34,600 Speaker 1: this will be interesting if this summit actually occurs and you know there's going to be 64 00:05:34,600 --> 00:05:40,220 Speaker 1: some pressure here obviously by china and trump in general to kind of get this done you 65 00:05:40,220 --> 00:05:44,940 Speaker 1: have tom lee's tracker coming in oil is trading at levels not seen since 2008 financial 66 00:05:44,940 --> 00:05:50,180 Speaker 1: crisis you know for you young people out there that was the last time that we really saw a 67 00:05:50,180 --> 00:05:54,960 Speaker 1: major hit on the market and if you go back and look at what happened in 2008 October 2007 68 00:05:54,960 --> 00:06:00,960 Speaker 1: actually the 2008 was the year that we really started to see impact and I think that's the 69 00:06:00,960 --> 00:06:07,100 Speaker 1: same addition that we're dealing with right now is oil and its concern on where inflation 70 00:06:07,100 --> 00:06:12,360 Speaker 1: is playing out because remember energy is one of the key things that's driving the core 71 00:06:12,360 --> 00:06:17,280 Speaker 1: inflation now does that stick around if things kind of cool off in the middle east that's 72 00:06:17,280 --> 00:06:22,460 Speaker 1: the real question bitcoins though could be setting up for a quelling impact on the market 73 00:06:22,460 --> 00:06:26,660 Speaker 1: if you look at a couple of notices here on the Bollinger Bands you'll see these touch 74 00:06:26,660 --> 00:06:32,240 Speaker 1: points and we're seeming to come back in on them after significant moves up in both of 75 00:06:32,240 --> 00:06:38,860 Speaker 1: those last two pumps so maybe this is the time I'd still defer a little bit to what Gareth 76 00:06:38,860 --> 00:06:44,580 Speaker 1: was saying is that October's cycle because remember this is still investors and you have to 77 00:06:44,580 --> 00:06:49,200 Speaker 1: be able to have something happen in the major market to see any kind of rotation and that's 78 00:06:49,200 --> 00:06:54,340 Speaker 1: where the you know the capital is going to come from. My concern is if the dollar holds a 79 00:06:54,340 --> 00:07:01,160 Speaker 1: lot stronger, does it in fact start to slow the issue of excess capital 80 00:07:01,160 --> 00:07:05,760 Speaker 1: starting to go into risk markets like crypto? That's a concern right now that we're dealing 81 00:07:05,760 --> 00:07:11,000 Speaker 1: with. And if you watch it how credit and the Fed are both going to interact in the next 82 00:07:11,000 --> 00:07:16,660 Speaker 1: really 30 days, you're probably going to get a much bigger signal in being able to 83 00:07:16,660 --> 00:07:21,040 Speaker 1: understand that. So be on the lookout there. Bitcoin dominance though is pumping right now, 84 00:07:21,180 --> 00:07:27,660 Speaker 1: short -term bearish for alts. And this was something I talked about on Friday with Evan, is 85 00:07:27,660 --> 00:07:32,000 Speaker 1: that this could be a market sell -off. And in fact, over the weekend, we did have a little 86 00:07:32,000 --> 00:07:37,580 Speaker 1: bit of hits on the traditional alts. But I think this is maybe short -lived, but at the 87 00:07:37,580 --> 00:07:41,500 Speaker 1: same time, there will only be a few winners here. Here's a clip from Ansem that kind of 88 00:07:41,500 --> 00:07:42,740 Speaker 1: talks about that. Take a look. 89 00:07:43,080 --> 00:07:47,400 Speaker 3: A lot of people missed hype because they were looking at majors, Bitcoin and ETH. But 90 00:07:47,400 --> 00:07:51,640 Speaker 3: Bitcoin and ETH went down like 30%, 40 % from there. And hype was, as we know, has been up 91 00:07:51,640 --> 00:07:55,080 Speaker 3: only how you would in previous cycles. You're never buying alts when majors are going down. 92 00:07:55,220 --> 00:07:59,720 Speaker 3: You're just absolutely not doing that. The industry, altcoins don't trend all at one time. 93 00:07:59,860 --> 00:08:02,800 Speaker 3: They trend based on the actual fundamental values and inflows. 94 00:08:04,360 --> 00:08:10,120 Speaker 1: Yeah. So, and he's right. I mean, this is a typical signal that everybody has followed in 95 00:08:10,120 --> 00:08:14,980 Speaker 1: crypto, I think for, you know, ever. But if you look at it, the weekend selling did hit 96 00:08:14,980 --> 00:08:20,700 Speaker 1: altcoins hard as a fear from equity spills into crypto. Typical altcoin now down over 5 % 97 00:08:20,700 --> 00:08:26,120 Speaker 1: in the weekend close. This could be the largest weekend drop since April. So if you were 98 00:08:26,120 --> 00:08:30,700 Speaker 1: going to buy an altcoin right now and you buy these dips and you could still see at this 99 00:08:30,700 --> 00:08:36,620 Speaker 1: and say, hey, there's maybe another 10, 15 % in the market that could come off of these 100 00:08:36,620 --> 00:08:40,960 Speaker 1: coins. Which ones would you buy? Let me know in the comments. Which ones would you buy 101 00:08:40,960 --> 00:08:46,740 Speaker 1: right now maybe in a dollar cost average scenario if you're a believer in those specific 102 00:08:46,740 --> 00:08:53,540 Speaker 1: altcoins? One other thing I want to touch on on Anselm's clip there was looking at 103 00:08:53,540 --> 00:08:59,740 Speaker 1: fundamental structure around most of these altcoins. That is a core thesis that we talk 104 00:08:59,740 --> 00:09:06,240 Speaker 1: about all the time. However, sentiment is a major influence when 105 00:09:06,240 --> 00:09:11,000 Speaker 1: the majors are moving. And what I mean by that is Bitcoin and Ethereum, if they are moving, 106 00:09:11,160 --> 00:09:15,940 Speaker 1: and to a certain extent, maybe even Solana, if it's moving to a certain extent, then it has 107 00:09:15,940 --> 00:09:21,560 Speaker 1: an influence on sentiment in the market. Sentiment in the market can now start to correlate 108 00:09:21,560 --> 00:09:26,120 Speaker 1: even on altcoins that don't necessarily have the narrative there and the fundamentals 109 00:09:26,120 --> 00:09:30,060 Speaker 1: there. So you have to kind of understand that. Most people will say, well, no, I'm just 110 00:09:30,060 --> 00:09:35,520 Speaker 1: going to trade on the side of fundamental to altcoins. Yes, no problem there. Some people 111 00:09:35,520 --> 00:09:39,880 Speaker 1: want a higher risk appetite. And they're looking at those alternatives. And usually 112 00:09:39,880 --> 00:09:45,020 Speaker 1: sentiment -driven tokens are the ones, just like meme coins, are going to be the ones that 113 00:09:45,020 --> 00:09:50,320 Speaker 1: see the most gains. But it really depends on your risk appetite. And I'm not telling you 114 00:09:50,320 --> 00:09:55,060 Speaker 1: guys to go out there and trade on more high -risk assets. But just be aware that that's how 115 00:09:55,060 --> 00:09:59,260 Speaker 1: the market moves. And I think this is something that a lot of people understand that has 116 00:09:59,260 --> 00:10:02,300 Speaker 1: been in crypto. But there's a lot of you that are brand new to the channel that have not 117 00:10:02,300 --> 00:10:07,040 Speaker 1: been in crypto and this is kind of a new thing for you so pay attention all right speaking 118 00:10:07,040 --> 00:10:10,760 Speaker 1: of fundamentals you got to take a look at one of the biggest altcoins out there i feel like 119 00:10:10,760 --> 00:10:15,760 Speaker 1: and that is circle kind of moves like an altcoin in terms of volatility but it hits back at 120 00:10:15,760 --> 00:10:20,800 Speaker 1: rival stable coins this of course has been moving in a direction that i think many of you 121 00:10:20,800 --> 00:10:24,380 Speaker 1: guys know we've been looking at this for quite a while we've talked about it quite a bit 122 00:10:24,380 --> 00:10:29,780 Speaker 1: this is one of the top movers We think it will continue to be that way in terms of a 123 00:10:29,780 --> 00:10:35,560 Speaker 1: representative on traditional finance as a stock for the crypto entities that are out 124 00:10:35,560 --> 00:10:40,000 Speaker 1: there. So just pay attention. Circle is being able to do it. It brought in about $1 .4 125 00:10:40,000 --> 00:10:46,460 Speaker 1: billion in revenue. Jeez. $1 .4 billion in revenue. That's the first half of 2026. 126 00:10:46,540 --> 00:10:52,860 Speaker 1: And we haven't seen an adoption boom. So imagine what this company is going to do 127 00:10:52,860 --> 00:10:58,180 Speaker 1: when we do see an adoption move. Last week, they also went out to 40 different countries. A 128 00:10:58,180 --> 00:11:03,580 Speaker 1: lot of news that's going to help, I think, USDC become the de facto stablecoin and maybe 129 00:11:03,580 --> 00:11:08,520 Speaker 1: rival USDT. I don't know if it will happen, but things are moving fast for Circle. Pay 130 00:11:08,520 --> 00:11:12,620 Speaker 1: attention. Other things you've got happening right now, JPMorgan has now three tokenized 131 00:11:12,620 --> 00:11:17,860 Speaker 1: products on ETH. And this is on ETH Mainnet. You've got JPMD. This is their U .S. deposit 132 00:11:17,860 --> 00:11:23,160 Speaker 1: token on ETH and Base. I don't know if you would use that, but it's up to you. but I'm just 133 00:11:23,160 --> 00:11:27,580 Speaker 1: wondering, you know, would you use a bank deposit token or would you use something like a 134 00:11:27,580 --> 00:11:32,340 Speaker 1: traditional stablecoin? Then you've got money, which is tokenized money market fund. That's 135 00:11:32,340 --> 00:11:36,480 Speaker 1: something I'm not necessarily interested in. And then you've got JLTXX, which is a 136 00:11:36,480 --> 00:11:41,580 Speaker 1: tokenized money market fund. Also, all of these are riding on Ethereum. The thing is 137 00:11:41,580 --> 00:11:44,620 Speaker 1: there's going to be a lot of investors out there that are coming over from traditional 138 00:11:44,620 --> 00:11:50,660 Speaker 1: finance that most likely will take part in those kinds of transactions and funds. All 139 00:11:50,660 --> 00:11:55,100 Speaker 1: right, so one point on this is that when you kind of compare the two, you've got JP Morgan 140 00:11:55,100 --> 00:12:01,040 Speaker 1: and Circle almost on an intersection for a head -on collision here. The real question is 141 00:12:01,040 --> 00:12:06,820 Speaker 1: who's going to win that race. I still think it's going to be Circle because of their native 142 00:12:06,820 --> 00:12:12,500 Speaker 1: introduction into crypto in general, their blockchain dominance that they've had in trading 143 00:12:12,500 --> 00:12:18,140 Speaker 1: pairs and the extension that they have globally already. That's a big, powerful play 144 00:12:18,140 --> 00:12:22,800 Speaker 1: compared to what JP Morgan is going to be doing here in the United States by itself. So I 145 00:12:22,800 --> 00:12:26,500 Speaker 1: think this is a failed effort. It's a good effort in the sense of them trying to play in 146 00:12:26,500 --> 00:12:31,520 Speaker 1: the game, but I don't think that these kind of companies are going to win the race overall. 147 00:12:32,300 --> 00:12:36,900 Speaker 1: Prove me wrong. Let me go to a clip real quick. It's an interesting theory is that 148 00:12:36,900 --> 00:12:42,740 Speaker 1: institutionalization has actually spoiled crypto. And then I have some thoughts on this, 149 00:12:42,820 --> 00:12:43,280 Speaker 1: but take a look. 150 00:12:43,960 --> 00:12:49,440 Speaker 4: I will say institutionalization is absolutely the worst thing i think that happened for you 151 00:12:49,440 --> 00:12:54,520 Speaker 4: guys for for people that truly believe in it because the value proposition of 152 00:12:54,520 --> 00:13:01,080 Speaker 4: decentralization and and like liberty and all that kind of stuff has all become really 153 00:13:01,080 --> 00:13:07,980 Speaker 4: really badly at least in the short term it's a branding problem for crypto are there enough 154 00:13:07,980 --> 00:13:12,720 Speaker 4: like 18 to 25 year olds that are going to be true believers maybe i don't know i feel like 155 00:13:12,720 --> 00:13:18,640 Speaker 4: the brand has been really badly hurt by by this administration And just by the general Wall 156 00:13:18,640 --> 00:13:22,340 Speaker 4: Street, you know, Wall Street inhaling crypto. 157 00:13:24,140 --> 00:13:30,560 Speaker 1: All right. So my argument to that is this. When you look at, you know, major adoption 158 00:13:30,560 --> 00:13:36,220 Speaker 1: cycles and, you know, I've seen a few of these in my past, been in tech for a long time. So 159 00:13:36,220 --> 00:13:40,340 Speaker 1: and I'm not saying that I'm right. I'm just saying that you look at human behavior and 160 00:13:40,340 --> 00:13:44,420 Speaker 1: that's the thing that I think we're going to get into. This is legitimizing it to a certain 161 00:13:44,420 --> 00:13:48,520 Speaker 1: extent. what I'm talking about is institutional adoption into crypto and blockchain. So 162 00:13:48,520 --> 00:13:54,340 Speaker 1: fair enough. You definitely will have pushback from kind of this next generation. But I 163 00:13:54,340 --> 00:13:59,180 Speaker 1: think that it's going to go the opposite way. I think it will only say because it was 164 00:13:59,180 --> 00:14:05,280 Speaker 1: adopted over there, you know, the OGs, the boomers did this. We can do it better. So I 165 00:14:05,280 --> 00:14:11,260 Speaker 1: think we'll see maybe a whole new era of blockchain, crypto projects, et cetera, that will 166 00:14:11,260 --> 00:14:16,920 Speaker 1: start to dominate that younger generation. And it will only explode them because they 167 00:14:16,920 --> 00:14:23,740 Speaker 1: understand now they have detached from the system. That to me is a great opportunity. And 168 00:14:23,740 --> 00:14:28,800 Speaker 1: the advantage that the institutions brought to this is the fact that they made it happen. 169 00:14:28,800 --> 00:14:34,980 Speaker 1: In essence, you push that market away by getting into it. So I think it's the flip. I think 170 00:14:34,980 --> 00:14:39,700 Speaker 1: it's a complete different way of how investors are going to look at this in the future. 171 00:14:39,840 --> 00:14:43,840 Speaker 1: Now, what do I think this is going to be next generation investors going into banks. No, I 172 00:14:43,840 --> 00:14:48,200 Speaker 1: think banks are done. We're not going to see banks the way you and I have seen them in the 173 00:14:48,200 --> 00:14:54,000 Speaker 1: last two, three, four decades. This is going to be a complete revolution in finance. Mark 174 00:14:54,000 --> 00:14:58,440 Speaker 1: my word, this is going to happen. And I think it's going to be let in because institutions 175 00:14:58,440 --> 00:15:04,900 Speaker 1: came in to spoil the game. So pay attention to that one. You've got another guy spoiling 176 00:15:04,900 --> 00:15:10,140 Speaker 1: the game right now, and that is Ledger. Ledger is now going out with their new ledger atom 177 00:15:10,140 --> 00:15:14,020 Speaker 1: this is going to contain ledger's most advanced anti -tampering and tamper evidence 178 00:15:14,020 --> 00:15:20,280 Speaker 1: solutions to date i'm glad that companies are out there trying to do that and they should 179 00:15:20,280 --> 00:15:25,880 Speaker 1: be you know but i think they're in a bit of a trouble right now in terms of hardware 180 00:15:25,880 --> 00:15:31,480 Speaker 1: wallets this is one of the things they're proposing which is a device that won't 181 00:15:31,480 --> 00:15:36,720 Speaker 1: necessarily be a phone they partner with solana i saw that over the weekend i'm sorry 182 00:15:36,720 --> 00:15:40,040 Speaker 1: solana i didn't think that was a good partnership. I understand that was probably, you 183 00:15:40,040 --> 00:15:44,280 Speaker 1: know, months, maybe years of business development that had to kind of culminate there. But 184 00:15:44,280 --> 00:15:48,840 Speaker 1: this, I don't think, is a solution that anybody that has been in crypto for a long time is 185 00:15:48,840 --> 00:15:53,980 Speaker 1: going to use. It is a device that is kind of like a phone. You need to connect to Wi -Fi, 186 00:15:54,160 --> 00:15:58,260 Speaker 1: but yet at the same time, you're still dealing with agentic issues. Those kind of things 187 00:15:58,260 --> 00:16:02,620 Speaker 1: I'm not really interested in. I think you've got to retain control in some sort of self 188 00:16:02,620 --> 00:16:06,660 Speaker 1: -custody solution. That's the only model to use. And I think privacy is going to be 189 00:16:06,660 --> 00:16:11,760 Speaker 1: paramount going forward and that's the key to watch right here is how these companies play 190 00:16:11,760 --> 00:16:17,420 Speaker 1: into this and this is another thing why not why do you have to have an open market out 191 00:16:17,420 --> 00:16:24,200 Speaker 1: there trying to create devices to see if your devices are been attacked by 192 00:16:24,200 --> 00:16:29,820 Speaker 1: other devices you know so this is an example and this is trying to detect a spy implant 193 00:16:29,820 --> 00:16:33,180 Speaker 1: basically so you got a hardware out there which was the problem if you guys don't know the 194 00:16:33,180 --> 00:16:39,780 Speaker 1: news there was devices that were somehow vector attacked by a supply chain 195 00:16:39,780 --> 00:16:44,900 Speaker 1: through a distributor. Not necessarily, I won't name countries or anything of that nature, 196 00:16:45,060 --> 00:16:49,080 Speaker 1: but basically a distributor was the one where the vector occurred. And now they're trying 197 00:16:49,080 --> 00:16:53,260 Speaker 1: to get in and actually, and this was a hardware change in the actual devices themselves. 198 00:16:53,760 --> 00:16:57,040 Speaker 1: Now they're going and trying to build something to be able to detect this. These are the 199 00:16:57,040 --> 00:17:02,560 Speaker 1: kind of things, guys, just should not happen. These are company killers. And I've seen this 200 00:17:02,560 --> 00:17:08,140 Speaker 1: in the tech industry and in the compute industry a lot. The opportunity here, I think, for 201 00:17:08,140 --> 00:17:15,080 Speaker 1: a real new solution is here. So be on the lookout. We may see some very 202 00:17:15,080 --> 00:17:19,420 Speaker 1: interesting solutions coming up very quickly because you're going to see a major part of 203 00:17:19,420 --> 00:17:25,100 Speaker 1: the market starting to look elsewhere for self -custody solutions. So pay attention to 204 00:17:25,100 --> 00:17:27,800 Speaker 1: that. We're going to cover this and a lot more this week, so stay tuned. 205 00:17:34,450 --> 00:17:39,430 Speaker 1: If you like this video, hit like and subscribe, drop a comment down below, and also join 206 00:17:39,430 --> 00:17:42,190 Speaker 1: our free private member group. The link is in the description.