1 00:00:00,300 --> 00:00:04,420 Speaker 1: let's talk about the story let's go fast all the questions come from patreon first 2 00:00:04,420 --> 00:00:10,640 Speaker 1: questions from joe one joe one is very interested in the so -called 3 00:00:10,640 --> 00:00:15,340 Speaker 1: buy borrow die strategy first and foremost thank you for you and your team for all you do 4 00:00:15,340 --> 00:00:19,920 Speaker 1: it's been life -changing for me so i know you always talk about rotation of assets however 5 00:00:19,920 --> 00:00:26,520 Speaker 1: i'm a firm believer in a wealth asset strategy of buy borrow die to where you never sell 6 00:00:26,520 --> 00:00:32,400 Speaker 1: your assets you simply borrow against them to buy more assets what would your advice be to 7 00:00:32,400 --> 00:00:36,600 Speaker 1: someone like me who strongly believes in that strategy but also takes your advice extremely 8 00:00:36,600 --> 00:00:41,260 Speaker 1: seriously as far as rotation so i never have to sell my assets and endure huge tax 9 00:00:41,260 --> 00:00:46,420 Speaker 1: ramifications thank you so much again obviously not financial advice so quick recap on what 10 00:00:46,420 --> 00:00:53,220 Speaker 1: buy borrow die is my friends in case you didn't know the core idea is 11 00:00:53,220 --> 00:00:58,280 Speaker 1: you buy something for example in this simple example you buy fifty thousand dollars worth 12 00:00:58,280 --> 00:01:02,600 Speaker 1: of equity and by the way there are people who put ten thousand dollars into things like 13 00:01:02,600 --> 00:01:09,360 Speaker 1: home depot 40 years ago and made millions so it's theoretically possible um and 14 00:01:09,360 --> 00:01:16,260 Speaker 1: then your fit your 50k turns into a few million dollars two million bucks and then 15 00:01:16,260 --> 00:01:22,940 Speaker 1: after that you can put in a trust in your own name or a revocable trust 16 00:01:22,940 --> 00:01:29,400 Speaker 1: under depending on your current law and where you are and your kids when they you you live 17 00:01:29,400 --> 00:01:35,980 Speaker 1: off what you borrow from your assets you still have to pay that back of course or you can 18 00:01:35,980 --> 00:01:39,840 Speaker 1: just borrow a little bit and as the assets grow it becomes a smaller and smaller percentage 19 00:01:39,840 --> 00:01:46,680 Speaker 1: so it doesn't really matter and then uh heaven forbid something bad happens but then your 20 00:01:46,680 --> 00:01:53,640 Speaker 1: kids get your trust and there's no tax on that trust depending on your situation and your 21 00:01:53,640 --> 00:01:58,800 Speaker 1: stay so your kids can inherit the two million basis there's also stories right now where 22 00:01:58,800 --> 00:02:03,560 Speaker 1: you could have a big bag of some stock in your schwab account and you can borrow against 23 00:02:03,560 --> 00:02:09,060 Speaker 1: that you can actually buy real estate with it but remember don't ever get a margin call 24 00:02:09,060 --> 00:02:12,900 Speaker 1: don't get liquidated or you lose everything so make sure you've got oodles and oodles of 25 00:02:12,900 --> 00:02:17,340 Speaker 1: margin but so many things are now possible and there'll be even more stuff possible in the 26 00:02:17,340 --> 00:02:23,920 Speaker 1: future so that's the buy borrow die concept now it works very well in some 27 00:02:23,920 --> 00:02:30,800 Speaker 1: circumstances but not in others uh hang on am i missing a slide here yeah so for 28 00:02:30,800 --> 00:02:37,780 Speaker 1: example it can work very well on one condition if you are holding an asset forever it needs 29 00:02:37,780 --> 00:02:44,780 Speaker 1: to be a very very strong compounder okay you borrow against strength and time is 30 00:02:44,780 --> 00:02:48,980 Speaker 1: your friend so the amount you borrow actually becomes very insignificant but if you borrow 31 00:02:48,980 --> 00:02:54,100 Speaker 1: against weakness time is your enemy that's the big problem and never selling is not a 32 00:02:54,100 --> 00:02:58,260 Speaker 1: strategy in my opinion because everything runs out of steam for the most part unless you 33 00:02:58,260 --> 00:03:04,760 Speaker 1: are extremely lucky so let's look at what i call the up only compounders this is the list 34 00:03:04,760 --> 00:03:08,980 Speaker 1: of the best performing stocks and i know people will say oh tesla is not good performing 35 00:03:08,980 --> 00:03:14,540 Speaker 1: but you remember these are the best performing stocks these are the best kagers but tesla 36 00:03:14,540 --> 00:03:19,280 Speaker 1: is very young and it's done an awful lot in a very short window of time of 15 years nvidia 37 00:03:19,280 --> 00:03:24,580 Speaker 1: 28 years the kager is less than tesla despite the fact that tesla hasn't had a great last 38 00:03:24,580 --> 00:03:28,940 Speaker 1: couple of years that's a separate issue. But all of these are winning names. And you can 39 00:03:28,940 --> 00:03:35,480 Speaker 1: see all of these cool stocks, Tesla, Nvidia, Netflix, Microsoft, Oracle, Home Depot. If you 40 00:03:35,480 --> 00:03:42,460 Speaker 1: held Home Depot for 47 years, you made an annual CAGR of 22 .5%, literally 1 41 00:03:42,460 --> 00:03:48,260 Speaker 1: .38 million percent return. Cisco, 35 years. But Cisco didn't do anything for like 20 42 00:03:48,260 --> 00:03:53,020 Speaker 1: years. Walmart didn't do anything for 12 years. So you get these big flat parts. Adobe, you 43 00:03:53,020 --> 00:03:57,980 Speaker 1: could argue, is cannibalized. It's going to get itself cannibalized by ai and apple kind of 44 00:03:57,980 --> 00:04:02,520 Speaker 1: a little bit running out of steam too starbucks also a little bit running out of steam best 45 00:04:02,520 --> 00:04:09,120 Speaker 1: buy zombie box retailer perhaps costco that's a good one 16 kagger nike 46 00:04:09,120 --> 00:04:15,540 Speaker 1: we all saw what happened to nike toast fedex so if you take this list 47 00:04:15,540 --> 00:04:20,920 Speaker 1: you'll see very quickly yes you could have made great money by holding for a long time but 48 00:04:20,920 --> 00:04:26,840 Speaker 1: there comes a time with every train that you need to step off it's very rare they go up 49 00:04:26,840 --> 00:04:32,100 Speaker 1: forever and then you rotate into what the next big thing is going to be but you need to get 50 00:04:32,100 --> 00:04:36,160 Speaker 1: in early that's the miracle and remember if you're holding long -term capital gains taxes 51 00:04:36,160 --> 00:04:43,100 Speaker 1: is 20 it's worth taking that hit always worth taking that hit too and this 52 00:04:43,100 --> 00:04:49,040 Speaker 1: is the danger of holding the losers got to be very careful because again a loser does not 53 00:04:49,040 --> 00:04:54,620 Speaker 1: just cost you the drop in price but it traps your capital that could be compounding 54 00:04:54,620 --> 00:05:01,580 Speaker 1: somewhere else you know for example crypto has seasons ai has seasons you know 55 00:05:01,580 --> 00:05:07,580 Speaker 1: telco back in the day had seasons social like facebook etc had seasons amazon had seasons 56 00:05:07,580 --> 00:05:12,920 Speaker 1: again this is why you do need to rotate and rotation rotation is not only selling when it's 57 00:05:12,920 --> 00:05:18,660 Speaker 1: early you could just sell part of your bag, not the whole thing. But firing losers so that 58 00:05:18,660 --> 00:05:24,860 Speaker 1: the winners get more capital is key. Dead money plus leverage is how you blow up a 59 00:05:24,860 --> 00:05:30,700 Speaker 1: portfolio. So don't do that. Don't do that ever. So there are times and places to buy, 60 00:05:30,880 --> 00:05:37,680 Speaker 1: borrow, and die, but rotation is still very important. Now, it can work, but you need to be 61 00:05:37,680 --> 00:05:43,660 Speaker 1: in those incredible companies. Think, as part of my video years ago, the 0 .3 % of stocks. 62 00:05:44,060 --> 00:05:50,700 Speaker 1: But still, even with that, nothing lasts forever. The rule is simple, hold quality, but 63 00:05:50,700 --> 00:05:57,380 Speaker 1: rotate out of anything that becomes a broken thesis, or something gets disrupted, etc. And 64 00:05:57,380 --> 00:06:01,360 Speaker 1: review the thesis, don't worry about the tax bill, you never go broke paying taxes or 65 00:06:01,360 --> 00:06:05,500 Speaker 1: profits, but you're better off moving. Like imagine you've got a million dollars in one 66 00:06:05,500 --> 00:06:09,800 Speaker 1: asset, and the thesis is changing, it's about to be completely cannibalized and it's half 67 00:06:09,800 --> 00:06:14,220 Speaker 1: its value. you shouldn't sweat paying 20 % on that and rotating into something that's going 68 00:06:14,220 --> 00:06:19,500 Speaker 1: to 10x over the next five or 10 years that's going to be the key and of course i'm not a 69 00:06:19,500 --> 00:06:25,120 Speaker 1: tax professional and taxes are very local jurisdiction specific so check that as well but 70 00:06:25,120 --> 00:06:31,260 Speaker 1: don't ever ever hold on to a dog because you're afraid of paying taxes that is dangerous 71 00:06:31,260 --> 00:06:38,140 Speaker 1: very dangerous all right next question which ties into the first question which is 72 00:06:38,140 --> 00:06:43,840 Speaker 1: from dumb money asks i would like to rotate half of my micro strategy due to dilution into 73 00:06:43,840 --> 00:06:50,060 Speaker 1: spacex what would be a good time to do so and do i wait for bitcoin to cross before 100k 74 00:06:50,060 --> 00:06:56,040 Speaker 1: before i do this a lot of good questions here but let's let's take a step back and look at 75 00:06:56,040 --> 00:07:00,760 Speaker 1: the two different assets and where we're actually going because that's the most important 76 00:07:00,760 --> 00:07:07,140 Speaker 1: thing timing it's looking at the pair will come kind of later first of all this is the 77 00:07:07,140 --> 00:07:14,020 Speaker 1: micro strategy wall street upside target 66 from here that takes us to an average 78 00:07:14,020 --> 00:07:20,280 Speaker 1: price at 227 from the price we're currently at not bad spacex 79 00:07:20,280 --> 00:07:27,040 Speaker 1: less upside but i also believe spacex is less understood by wall street 80 00:07:27,040 --> 00:07:30,880 Speaker 1: it's a very complex company to understand and we're going to go through a lot of spacex 81 00:07:30,880 --> 00:07:37,800 Speaker 1: stuff today as well but the upside is only 49 versus 66 here or so 82 00:07:37,800 --> 00:07:44,240 Speaker 1: less less however the other thing you need to look at when you're trading 83 00:07:44,240 --> 00:07:51,180 Speaker 1: microstrategy is you have to look at the price based on mnav mnav multiple and of course 84 00:07:51,180 --> 00:07:56,360 Speaker 1: the bitcoin price and then take into account dilution assets on the balance sheet and i 85 00:07:56,360 --> 00:08:02,120 Speaker 1: don't agree with all they're doing with strc they're diluting us to buy more strc to try 86 00:08:02,120 --> 00:08:05,840 Speaker 1: get it back to 100 to try get the flywheel going again i don't think the flywheel is going 87 00:08:05,840 --> 00:08:10,440 Speaker 1: to go again maybe it will now that they're moving to daily dividends in november but i'm 88 00:08:10,440 --> 00:08:17,380 Speaker 1: not sure but when i share these price targets too people go oh gasp but bitcoin's 89 00:08:17,380 --> 00:08:21,580 Speaker 1: going to a million dollars we don't know where bitcoin's going and i always sandbag stuff 90 00:08:21,580 --> 00:08:27,780 Speaker 1: in fact my third video ever i said micro strategy will go to $1 ,200 by 2030. 91 00:08:28,320 --> 00:08:35,200 Speaker 1: And that was a 10 year out target. Okay, we didn't go to $1 ,200. We actually went to $5 92 00:08:35,200 --> 00:08:42,100 Speaker 1: ,400 way earlier, like years ago. So that's how 93 00:08:42,100 --> 00:08:48,260 Speaker 1: I sandbag things. But I'd rather sandbag things to be cautious so people can build plans. 94 00:08:48,460 --> 00:08:54,720 Speaker 1: So here, my bull target for Bitcoin, if you assume it's 130k, you got microstrategy at an m 95 00:08:54,720 --> 00:09:01,440 Speaker 1: nav of one that would take us maybe to 270 274 230 depending on exactly 96 00:09:01,440 --> 00:09:06,480 Speaker 1: how much dilution there is going forward if you get to a nav premium 1 .5 it becomes 400 97 00:09:06,480 --> 00:09:11,980 Speaker 1: bucks at 130k that's the difference if we get a euphoric time where bitcoin's going to the 98 00:09:11,980 --> 00:09:16,440 Speaker 1: moon scarcity supply crunch hits everyone wants a bit of bitcoin because they have so much 99 00:09:16,440 --> 00:09:21,900 Speaker 1: money from ai and they want to diversify that could happen we could go to 200k if we go to 100 00:09:21,900 --> 00:09:28,780 Speaker 1: 200k now i have premium of one microstrategy go to 420 bucks so that's the story but it's 101 00:09:28,780 --> 00:09:35,560 Speaker 1: it's based on many many different things now spacex this is my 2028 spacex target 102 00:09:35,560 --> 00:09:42,220 Speaker 1: which i shared with aaron burnett a while and this is a 3 .6x from here and 103 00:09:42,220 --> 00:09:49,020 Speaker 1: this assumes they start building out compute like crazy okay it 104 00:09:49,020 --> 00:09:54,780 Speaker 1: assumes they dominate the hyperscalers and neoscalers and get to over 10 gigawatts of 105 00:09:54,780 --> 00:10:01,460 Speaker 1: coherent compute by the year end 2027 that is the assumption behind this and if that's the 106 00:10:01,460 --> 00:10:08,020 Speaker 1: case guess what yeah spacex is a faster horse safer horse too by 2030 it could be 107 00:10:08,020 --> 00:10:14,780 Speaker 1: 902 bucks a 6 .18x also assuming they get gigawatts of space 108 00:10:14,780 --> 00:10:20,880 Speaker 1: -based data centers up there in space so that's what these things are based on now to 109 00:10:20,880 --> 00:10:25,480 Speaker 1: conclude the verdict between these two different assets they're very different assets okay 110 00:10:25,480 --> 00:10:32,000 Speaker 1: if you're looking through 2028 and you're looking at probability risk -based basis, 111 00:10:32,480 --> 00:10:38,240 Speaker 1: I would pick SpaceX as compounding. And by the way, I speak with my allocations, which I 112 00:10:38,240 --> 00:10:44,820 Speaker 1: share every single Tuesday. Okay, I put my money where my mouth is, 113 00:10:45,020 --> 00:10:51,200 Speaker 1: always. The median case, for example, at 3 .61x on microstrategy needs two things to go 114 00:10:51,200 --> 00:10:58,140 Speaker 1: right at the same time. Bitcoin, maybe 265k or higher, and the MNAV, maybe 1 .5. So 115 00:10:58,140 --> 00:11:03,900 Speaker 1: again, it's tricky. But if either one of those fails, it trails badly. And the ATM dilution 116 00:11:03,900 --> 00:11:09,360 Speaker 1: is a killer. That works against you on the way up. Therefore, I would say SpaceX is a 117 00:11:09,360 --> 00:11:15,960 Speaker 1: better deal. But right now, Microsoft is getting hit because the MCSI news, etc. Bitcoin is 118 00:11:15,960 --> 00:11:22,800 Speaker 1: a little bit weak as well. It's just so many variables, so much risk. I prefer sure 119 00:11:22,800 --> 00:11:29,160 Speaker 1: things. I believe SpaceX will be a better compounder from here on out through 2030. 120 00:11:29,500 --> 00:11:36,040 Speaker 1: But again, SpaceX is also very risky if they can't get new power, can't build data centers, 121 00:11:36,240 --> 00:11:42,000 Speaker 1: can't get Starship to be reusable, can't get data centers in space, you're cooked. But the 122 00:11:42,000 --> 00:11:48,520 Speaker 1: reward is worth it. The risk is high, but also 123 00:11:48,520 --> 00:11:52,840 Speaker 1: the upside is huge if they get it right. Anyway, we'll talk more about SpaceX right now, 124 00:11:52,840 --> 00:11:58,880 Speaker 1: too. This is from Sergeant X. Am I the only person with zero micron? I've been hyper 125 00:11:58,880 --> 00:12:03,540 Speaker 1: -focused, maybe too much stacking SpaceX, Tesla, Marvel, NVIDIA. All good names, by the 126 00:12:03,540 --> 00:12:08,100 Speaker 1: way, even though Tesla has not performed in the last two years. But again, we're on the 127 00:12:08,100 --> 00:12:12,220 Speaker 1: cusp of something big. As Elon said, you don't want to sell your Tesla stock. So he 128 00:12:12,220 --> 00:12:18,960 Speaker 1: wouldn't say that and lie to us. Anyhow, like the others, it feels a bit like chasing 129 00:12:18,960 --> 00:12:24,520 Speaker 1: Micron at this stage because of its rapid rise. And the 189 % return year -to -date sounds 130 00:12:24,520 --> 00:12:31,280 Speaker 1: nice, but other players have greater targets, no? tesla four digits etc tesla the tesla is 131 00:12:31,280 --> 00:12:36,520 Speaker 1: now a function of spacex we'll get to that in a second too like many hard not to question 132 00:12:36,520 --> 00:12:42,620 Speaker 1: especially if the cost basis allows for example trim tesla 20 i'd still have my retire on 133 00:12:42,620 --> 00:12:47,780 Speaker 1: bag and buy a micron at a thousand want to maintain my high conviction lean portfolio few 134 00:12:47,780 --> 00:12:53,520 Speaker 1: assets in my case i trade straight equity will be in a solo 401k account tax -free so you 135 00:12:53,520 --> 00:13:00,320 Speaker 1: can rotate as well so that's an option again this is this is actually pretty incredible 136 00:13:00,320 --> 00:13:07,280 Speaker 1: so i put together my combination assumption my merge spacex and tesla 137 00:13:07,280 --> 00:13:13,380 Speaker 1: and my base case for the market cap of that combined entity is 10 .32 trillion dollars and 138 00:13:13,380 --> 00:13:20,080 Speaker 1: micron is 3 .1 trillion dollars so the upside between micron and spacex 139 00:13:20,080 --> 00:13:26,760 Speaker 1: is almost identical 308 percent on spacex versus tesla 140 00:13:26,760 --> 00:13:32,960 Speaker 1: combined versus 310 percent for micron this was completely bizarre and the results shocked 141 00:13:32,960 --> 00:13:39,540 Speaker 1: me so that means it's kind of like a dead heat between both assets very unusual now the 142 00:13:39,540 --> 00:13:43,060 Speaker 1: other thing that's happening too we can't talk about spacex in isolation anymore because 143 00:13:43,060 --> 00:13:48,180 Speaker 1: the merger is going to happen here are the odds 29 by year end if you ask people like peter 144 00:13:48,180 --> 00:13:54,800 Speaker 1: diamantes he thinks it's in the bag year end is going to happen by year end 2027 65 chance 145 00:13:54,800 --> 00:14:01,300 Speaker 1: i think definitely by year end 2027 they will be one entity no doubt in my mind but the key 146 00:14:01,300 --> 00:14:06,880 Speaker 1: is where is the puck going to be so we have a couple of things happening we have crazy 147 00:14:06,880 --> 00:14:13,380 Speaker 1: stuff this is all big part of spacex is their compute big part of tesla is 148 00:14:13,380 --> 00:14:19,400 Speaker 1: cybercabs and optimus that's it that's the whole bowl of wax where the compute comes from 149 00:14:19,400 --> 00:14:25,780 Speaker 1: okay and building compute is getting harder and harder and more expensive 150 00:14:25,780 --> 00:14:32,480 Speaker 1: etc from switchgear to transformers to power to cooling to generators megapacks 151 00:14:32,480 --> 00:14:37,840 Speaker 1: whatever it keeps on going up and that's the big problem but there's only one guy that can 152 00:14:37,840 --> 00:14:42,620 Speaker 1: build these things fast now these are my projections of the cost of building a gigawatt of 153 00:14:42,620 --> 00:14:49,020 Speaker 1: compute next year year after etc currently is 50 billion next year be 58 billion maybe as 154 00:14:49,020 --> 00:14:53,540 Speaker 1: high as 72 depending on constraints for example memory if you can even get your hands on 155 00:14:53,540 --> 00:14:58,160 Speaker 1: memory that's the problem there's so many bottlenecks and constraints nobody can get this 156 00:14:58,160 --> 00:15:04,940 Speaker 1: done but Elon had the foresight to lock in supply for memory for vera ruben gpus for 157 00:15:04,940 --> 00:15:08,960 Speaker 1: power he's building his own turbines because he can't get his hands on them 158 00:15:10,220 --> 00:15:16,980 Speaker 1: 2028 62 billion to build a gigawatt 2030 65 billion and maybe 2032 68 billion 159 00:15:17,980 --> 00:15:24,880 Speaker 1: these numbers are crazy but they could be a lot higher and that's the wild card nobody 160 00:15:24,880 --> 00:15:28,980 Speaker 1: else can build at these scales and i've shared a whole bunch of posts this weekend from 161 00:15:28,980 --> 00:15:35,280 Speaker 1: andrew jesse for example at amazon they don't see any way they can get access to anything 162 00:15:35,280 --> 00:15:40,800 Speaker 1: until maybe year -end 2028 everybody's tapped out google's tapped out amazon's tapped out 163 00:15:40,800 --> 00:15:44,800 Speaker 1: microsoft's probably tapped out there's only one guy that has the compute and this could be 164 00:15:44,800 --> 00:15:49,860 Speaker 1: a real treasure for spacex this is oh this is the anti -jesse i have a slide on this this 165 00:15:49,860 --> 00:15:56,460 Speaker 1: like we're basically out of everything until 2028 late 2028 beyond 166 00:15:56,460 --> 00:16:03,240 Speaker 1: 2028 even so again this is not like the internet 167 00:16:03,240 --> 00:16:08,120 Speaker 1: .com bubble this is very different because the demand is off the hook everybody needs 168 00:16:08,120 --> 00:16:14,800 Speaker 1: compute but you can't build it fast enough therefore we are setting up for a huge 169 00:16:14,800 --> 00:16:18,660 Speaker 1: bottleneck therefore i'm extremely bullish in spacex and the other thing that makes me 170 00:16:18,660 --> 00:16:22,800 Speaker 1: extremely bullish in spacex are the only game in town and the whole planet that could put 171 00:16:22,800 --> 00:16:27,100 Speaker 1: data centers in space and people say oh that's impossible can't happen they have 11 000 172 00:16:27,100 --> 00:16:32,720 Speaker 1: satellites up there already which run their own solar cooling they got chips in them they 173 00:16:32,720 --> 00:16:37,220 Speaker 1: just need to do it in a slightly bigger scale okay so they'll be able to get a gigawatt to 174 00:16:37,220 --> 00:16:43,920 Speaker 1: orbit with between 100 and 175 flights which is a lot of tonnage to orbit and they need to 175 00:16:43,920 --> 00:16:48,460 Speaker 1: deploy a whole bunch of satellites a1 class satellites how long it takes them to get a 176 00:16:48,460 --> 00:16:52,400 Speaker 1: gigawatt out there i don't know but they seem to hope to be able to get some of it up there 177 00:16:52,400 --> 00:16:57,900 Speaker 1: next year this is going to be very important for the story too if it fails or it slips it 178 00:16:57,900 --> 00:17:04,180 Speaker 1: will ding the stock that's the reality of where we are so what do you do where do you 179 00:17:04,180 --> 00:17:10,320 Speaker 1: rotate micron or spacex if spacex can execute and spacex becomes 180 00:17:10,320 --> 00:17:16,360 Speaker 1: tesla and spacex become one company that's where i believe the real compounding will happen 181 00:17:16,360 --> 00:17:21,260 Speaker 1: with the most incredible synergy and nobody else has what they're doing and nobody else is 182 00:17:21,260 --> 00:17:27,340 Speaker 1: building what they're doing as well at the same time so let's get more into this quick 183 00:17:27,340 --> 00:17:31,620 Speaker 1: question from lummox hey james please give us your take on roadster reveal is it a toy 184 00:17:31,620 --> 00:17:36,920 Speaker 1: concept car or is there a way to generate revenue here appreciate all the iit members who 185 00:17:36,920 --> 00:17:41,900 Speaker 1: first of all a lot of people are saying oh there's there's no way that'll be street legal 186 00:17:41,900 --> 00:17:46,020 Speaker 1: not going to happen And, well, the Florida governor, Ron DeSantis, said, we will make sure 187 00:17:46,020 --> 00:17:50,820 Speaker 1: Tesla's flying roadster is street legal in Florida. Florida wins again. Anyway, shout out 188 00:17:50,820 --> 00:17:55,320 Speaker 1: to anybody in Florida if they're here. Also, the bad, my takeaway from the bad from the 189 00:17:55,320 --> 00:18:00,260 Speaker 1: roadster reveal, the flying version is infight only. It'll be for people with their own 190 00:18:00,260 --> 00:18:06,880 Speaker 1: tracks or compounds or whatever. And, of course, a flying car won't be road legal, at least 191 00:18:06,880 --> 00:18:13,440 Speaker 1: not for a decade plus, in my opinion. and elon admits it's not optimized for safety 192 00:18:13,440 --> 00:18:19,700 Speaker 1: and it won't be ready till 2028 they're all the dings and it will not be a needle mover for 193 00:18:19,700 --> 00:18:26,280 Speaker 1: revenue at all but it is a brand mover that's the whole thing it gets the attention 194 00:18:26,280 --> 00:18:31,300 Speaker 1: of the minds and the ultra billionaires and the super rich and middle east and other places 195 00:18:31,300 --> 00:18:35,960 Speaker 1: will want one of these things plus the track version looks incredible especially with that 196 00:18:35,960 --> 00:18:42,020 Speaker 1: suction anyway the good news uh a big part of it i believe is kind of like a tesla spacex 197 00:18:42,020 --> 00:18:48,960 Speaker 1: merger roadshow a lot of hints coming out from elon musk etc he's talking about tesla x 198 00:18:48,960 --> 00:18:54,380 Speaker 1: spacex you know the combo it does defy physics it's definitely the most amazing product 199 00:18:54,380 --> 00:19:00,020 Speaker 1: demo i've ever seen in my life and i want to test it myself on the norwich life if you know 200 00:19:00,020 --> 00:19:06,240 Speaker 1: what that is this year to 60 would probably smash my organs on my spine but anyway it's fun 201 00:19:06,240 --> 00:19:12,420 Speaker 1: real value suction downforce and thruster last manually driven car which is also 202 00:19:12,420 --> 00:19:19,380 Speaker 1: great to see because their future their future is optimus and cybercabs not this thing 203 00:19:20,000 --> 00:19:25,120 Speaker 1: but it does grab attention a lot of attention also triggers a lot of people so that's kind 204 00:19:25,120 --> 00:19:30,920 Speaker 1: of the good and the bad of the whole thing that i see but the big big lesson is and elon 205 00:19:30,920 --> 00:19:35,840 Speaker 1: said it himself in a tweet a few hours ago he said optimus and cyber cap will be the vast 206 00:19:35,840 --> 00:19:41,740 Speaker 1: majority of tesla value and they will scale to incredible size kardashiev too and beyond 207 00:19:41,740 --> 00:19:47,060 Speaker 1: but of course you have to have the first two for the rest to follow he said the roadster is 208 00:19:47,060 --> 00:19:52,980 Speaker 1: super cool and that's why they're doing it because it's super cool and it also wins the 209 00:19:52,980 --> 00:19:57,480 Speaker 1: hearts and minds of engineers and attracts engineers to tesla and spacex so they can build 210 00:19:57,480 --> 00:20:04,060 Speaker 1: cool stuff like this as well anyhow um that's the way i see it next question is from tx 211 00:20:04,060 --> 00:20:10,940 Speaker 1: ronin and this is a crypto question it's good to see crypto questions back we've 212 00:20:10,940 --> 00:20:16,800 Speaker 1: seen solana dominates ai agents today but looking a few years out sui's object central 213 00:20:16,800 --> 00:20:21,800 Speaker 1: centric model and new native quantum safe milestones seem to offer a much safer, 214 00:20:22,160 --> 00:20:28,460 Speaker 1: horizontally scalable architecture for autonomous AI treasuries. As investors hunting for 215 00:20:28,460 --> 00:20:34,000 Speaker 1: asymmetric upside, do you see this quantum AI synergy as a true fundamental paradigm shift? 216 00:20:34,280 --> 00:20:38,800 Speaker 1: If so, what is your playbook for rotation strategy? A lot of rotation talk today. 217 00:20:39,000 --> 00:20:43,020 Speaker 1: Specifically, if we do not have the capital to deploy, should we rotate and accumulate sui 218 00:20:43,020 --> 00:20:47,180 Speaker 1: now while it's building the tech or wait two to three years to capture some solid upside 219 00:20:47,180 --> 00:20:52,800 Speaker 1: until the quantum threat is closer and the AI agent migration actually begins. Let's have a 220 00:20:52,800 --> 00:20:58,220 Speaker 1: look at all the data. First of all, you're right, Solana does dominate AI agent 221 00:20:58,220 --> 00:21:04,960 Speaker 1: transactions. It runs, I think, 76 % of them, X402. And Sui's 222 00:21:04,960 --> 00:21:10,120 Speaker 1: facilitator is still on the test net. It's not even out. Sui's problem also is not 223 00:21:10,120 --> 00:21:16,900 Speaker 1: technology, it's adoption. I always talk about adoption and distribution and the attraction 224 00:21:16,900 --> 00:21:23,800 Speaker 1: of dApps, etc. But users, there's not much user adoption, not 225 00:21:23,800 --> 00:21:29,140 Speaker 1: much stablecoin adoption, not much liquidity and TVL, etc. And wallets and revenue 226 00:21:29,140 --> 00:21:34,920 Speaker 1: generating apps are also kind of missing, despite all the pumpers. Let's have a look at 227 00:21:34,920 --> 00:21:40,800 Speaker 1: some real data. okay let's look at uh daily transactions um 228 00:21:40,800 --> 00:21:47,520 Speaker 1: for both chains so suede is 9 million salon does 146 million that's 229 00:21:47,520 --> 00:21:54,400 Speaker 1: 1500 percent more daily active users suede is 120 000 salon has over 5 million 5 .2 million 230 00:21:54,400 --> 00:22:00,900 Speaker 1: daily fees 2 800 bucks versus 624k 24 hour period 22 000 percent more 231 00:22:00,900 --> 00:22:07,680 Speaker 1: that's just one part of it the other part is sui versus solid tvl tvl is 1100 percent more 232 00:22:07,680 --> 00:22:14,680 Speaker 1: 492 million versus 6 billion dex volume 16 million versus 10 billion stablecoin 233 00:22:14,680 --> 00:22:21,420 Speaker 1: market cap 589 million versus 16 .4 billion again not even in the same universe 234 00:22:21,420 --> 00:22:23,320 Speaker 1: we're talking 1100 better 235 00:22:24,860 --> 00:22:30,940 Speaker 1: 58 ,500 % better, 2 ,700 % better. It's just different. 236 00:22:31,820 --> 00:22:38,160 Speaker 1: Now, other thing as well, there's some little headwinds here, which may catch you by 237 00:22:38,160 --> 00:22:42,460 Speaker 1: surprise. And you seem to realize some of this as well. But the trend is going the wrong 238 00:22:42,460 --> 00:22:48,940 Speaker 1: way for Sui. First of all, TVL collapse. Sui's TVL has fallen from nearly $3 billion a year 239 00:22:48,940 --> 00:22:54,780 Speaker 1: ago to half a billion today. Why? What happened? Also, wallet support. 240 00:22:55,540 --> 00:23:00,240 Speaker 1: Phantom dropped Sui wallet support. Phantom was a huge avenue. And in fact, when I heard 241 00:23:00,240 --> 00:23:03,360 Speaker 1: that announcement, I said, this is going to be great for Sui and other players. Anyway, 242 00:23:04,060 --> 00:23:08,100 Speaker 1: Phantom dropped it because there's no usage. There's no money, there's no fun. And then 243 00:23:08,100 --> 00:23:12,420 Speaker 1: there's some developer friction as well. Sui uses the Move language, so developers can't 244 00:23:12,420 --> 00:23:17,480 Speaker 1: just copy their EVM apps across. And these are three very distinct headwinds that are 245 00:23:17,480 --> 00:23:18,360 Speaker 1: causing a bit of a pain. 246 00:23:19,780 --> 00:23:25,520 Speaker 1: Also, let's talk about the reality versus talk. A lot of times after the annual show for 247 00:23:25,520 --> 00:23:31,640 Speaker 1: SUI, a lot of talk. First of all, quantum safe, it's a roadmap race, but there's no need to 248 00:23:31,640 --> 00:23:33,340 Speaker 1: be worried about quantum for now. 249 00:23:35,220 --> 00:23:40,980 Speaker 1: It's not a shipped advantage. So for example, SUI on DevNet mainnet Q1 2027, Solana shipped 250 00:23:40,980 --> 00:23:47,520 Speaker 1: opt -in resistant vault already, AI agents, Solana handles 76 % of them. Sui 251 00:23:47,520 --> 00:23:52,080 Speaker 1: Faciliteria is still in test, so it's not actually live yet. And then Finality is the 252 00:23:52,080 --> 00:23:57,020 Speaker 1: product for AI agents. I've covered this a thousand times. Sui is 390 milliseconds. Solana 253 00:23:57,020 --> 00:24:03,900 Speaker 1: is targeting 150 milliseconds. In, let me see, three days. Three days it goes live. So 254 00:24:03,900 --> 00:24:10,240 Speaker 1: Alpenglow goes live. And most importantly, too, this goes back to kind of adoption and 255 00:24:10,240 --> 00:24:15,780 Speaker 1: liquidity and revenue and usage. Remember, I always think of a blockchain like a shopping 256 00:24:15,780 --> 00:24:20,420 Speaker 1: mall. You have your anchor stores and you have all of your dApps and that attracts the 257 00:24:20,420 --> 00:24:23,820 Speaker 1: customers. And then there's cross -pollination between all of these different stores. 258 00:24:24,040 --> 00:24:28,080 Speaker 1: People go into the mall to get, I don't know, a coffee and then they end up buying 259 00:24:28,080 --> 00:24:30,940 Speaker 1: something from another place. That is the value, okay? 260 00:24:32,040 --> 00:24:32,480 UNKNOWN: Now, 261 00:24:32,480 --> 00:24:38,700 Speaker 1: your thought of AI agents choosing a chain because it's quantum safe? The truth is, AI 262 00:24:38,700 --> 00:24:44,620 Speaker 1: agents don't give a rat's ass. They don't care, okay? They want finality. They want 263 00:24:44,620 --> 00:24:51,180 Speaker 1: liquidity. They want to be on a loop. They want to do this hundreds of times a day. 264 00:24:51,860 --> 00:24:56,920 Speaker 1: And that's what they care about, not the quantum safety. They want things to be reliable as 265 00:24:56,920 --> 00:25:02,140 Speaker 1: well. That's the key. So again, don't pin your hopes and dreams to all this quantum talk. 266 00:25:02,280 --> 00:25:07,760 Speaker 1: For years, I've been saying quantum is way, way, way. Ignore it for now. Be far more 267 00:25:07,760 --> 00:25:13,820 Speaker 1: concerned with AI and that adoption. So hope that helps. Next question is from Mr. Burns. 268 00:25:15,220 --> 00:25:18,540 Speaker 1: Interesting one as well, because I hinted at this in my video with Joe Bakhti. By the way, 269 00:25:18,620 --> 00:25:23,700 Speaker 1: Joe Bakhti is back on the show next Friday, same time, 10 a .m. Pacific, I think 7 Central 270 00:25:23,700 --> 00:25:30,200 Speaker 1: European time. This is from Mr. Burns. Mr. Burns wants to know if the idea 271 00:25:30,200 --> 00:25:35,800 Speaker 1: that meta, open AI, anthropic, et cetera, were to naturally shift to the biotech space, 272 00:25:35,940 --> 00:25:40,780 Speaker 1: would it change my opinion and ownership of neither of the frontier labs, open AI or 273 00:25:40,780 --> 00:25:46,520 Speaker 1: anthropic? everything else aside if they were the gatekeepers to most of all massive health 274 00:25:46,520 --> 00:25:53,200 Speaker 1: breakthroughs they could sell to big pharma reef massive profits from you name it cures for 275 00:25:53,200 --> 00:25:59,980 Speaker 1: cancer etc etc as they go forward so this is a a very very big topic and i 276 00:25:59,980 --> 00:26:05,620 Speaker 1: did hint on this before in a previous video and i do believe i do believe they're thinking 277 00:26:05,620 --> 00:26:10,840 Speaker 1: about this so for example some anecdotal bread crumbs that i have one anthropic has already 278 00:26:10,840 --> 00:26:16,680 Speaker 1: set up a wet lab in san francisco and they're looking into leveraging their ai capabilities 279 00:26:16,680 --> 00:26:23,420 Speaker 1: to identify new drug capabilities also it's rumored that open ai have already started 280 00:26:23,420 --> 00:26:28,220 Speaker 1: investing in version 6 and version 7 of their product but they are putting 70 to 80 percent 281 00:26:28,220 --> 00:26:33,100 Speaker 1: of their compute into this version 6 and version 7 so they can in turn build stuff for 282 00:26:33,100 --> 00:26:38,520 Speaker 1: themselves what that is we don't know but it's not really designed for the public market 283 00:26:38,520 --> 00:26:44,420 Speaker 1: you know if you've got all this great super intelligence why not keep it for yourself 284 00:26:44,420 --> 00:26:47,980 Speaker 1: rather than sharing it with the world you know don't give away your super intelligence to 285 00:26:47,980 --> 00:26:52,840 Speaker 1: big pharma that can build their own drugs when you can do it yourself i definitely think 286 00:26:52,840 --> 00:26:57,420 Speaker 1: that's happening i see all the breadcrumbs that point in that direction also what's bigger 287 00:26:57,420 --> 00:27:03,220 Speaker 1: than ai glp1 weight loss drugs make more money that's hard to believe but it's true now 288 00:27:03,220 --> 00:27:10,220 Speaker 1: how will this play out i'm not sure but a couple of things i do believe could 289 00:27:10,220 --> 00:27:16,920 Speaker 1: happen one uh i do believe uh medical breakthroughs are a top priority for the labs not 290 00:27:16,920 --> 00:27:23,800 Speaker 1: only because of all this ai safety kind of garbage over the last few weeks or months but if 291 00:27:23,800 --> 00:27:29,820 Speaker 1: for example ai cures cancer. Can you imagine how good that is for the PR, for AI? 292 00:27:30,140 --> 00:27:36,260 Speaker 1: Absolutely massive. And they are doing a lot of investing in this area. And OpenAI is 293 00:27:36,260 --> 00:27:41,960 Speaker 1: talking about things like building 50x improvements in stem cell markers as well, which is 294 00:27:41,960 --> 00:27:47,520 Speaker 1: critical to curing of any complex cancers too. And the prize is enormous. The current big 295 00:27:47,520 --> 00:27:54,060 Speaker 1: pharma market's $2 .3 trillion. Now, can you imagine if you crack longevity 296 00:27:54,060 --> 00:27:58,120 Speaker 1: you can make people live 10 years longer how much would a billionaire pay to live 10 years 297 00:27:58,120 --> 00:28:04,660 Speaker 1: longer the answer is billions um how much would people pay to cure their cancer or 298 00:28:04,660 --> 00:28:11,300 Speaker 1: whatever ailment they have trillions billions i mean the market's huge and the ai labs know 299 00:28:11,300 --> 00:28:15,860 Speaker 1: this they may not be able to make it up on 20 a month subscriptions but if they have a 300 00:28:15,860 --> 00:28:22,340 Speaker 1: breakthrough it's a very quick way to huge money. Now, the other angle of this as well, and 301 00:28:22,340 --> 00:28:28,900 Speaker 1: I do know enough about the big pharma biotech industry to be dangerous, but 302 00:28:28,900 --> 00:28:32,920 Speaker 1: I don't think the air labs want to become drug owners. I think they want to be able to 303 00:28:32,920 --> 00:28:39,840 Speaker 1: identify the breakthrough and then sell that to the Salofis, the Novo 304 00:28:39,840 --> 00:28:46,620 Speaker 1: Nordics, the Genentex, whatever, the Pfizer's of the world, and sell them the IP. 305 00:28:46,980 --> 00:28:52,020 Speaker 1: I don't think they're going to be running pipelines and human trials and all that type of 306 00:28:52,020 --> 00:28:57,460 Speaker 1: stuff or dealing with the FDA. Too much high headache. So my thoughts is, yes, they will 307 00:28:57,460 --> 00:29:02,520 Speaker 1: use their compute to discover new breakthroughs. And then they'll license those 308 00:29:02,520 --> 00:29:06,440 Speaker 1: breakthroughs to big pharma so they can handle all the nitty gritty stuff. That takes years 309 00:29:06,440 --> 00:29:11,900 Speaker 1: as well. FDA approval, human trials, et cetera. But they'll take the upfronts and all the 310 00:29:11,900 --> 00:29:17,660 Speaker 1: royalties in advance. And that'll avoid spending years wasting time dealing with government 311 00:29:17,660 --> 00:29:22,660 Speaker 1: agencies and tests, et cetera. So I think they're definitely doing it. And I think this is 312 00:29:22,660 --> 00:29:25,800 Speaker 1: how they would play it. This is what I would do if I was them. Identify the breakthrough, 313 00:29:26,200 --> 00:29:31,580 Speaker 1: sell it. Identify another one, sell it. And the good news is, there's going to be so many 314 00:29:31,580 --> 00:29:34,520 Speaker 1: medical breakthroughs over the next three to five years, it's going to be mind -blowing. 315 00:29:34,880 --> 00:29:39,780 Speaker 1: And that should give everybody a very positive view of AI. Of course, there will be some 316 00:29:39,780 --> 00:29:46,120 Speaker 1: negatives of AI, Things like maybe bank accounts will be hacked or government agencies are 317 00:29:46,120 --> 00:29:49,960 Speaker 1: already being hacked. We just saw the Danish government lost all their citizens' 318 00:29:50,240 --> 00:29:54,820 Speaker 1: information. We know the French government is looking to capture all citizen information 319 00:29:54,820 --> 00:29:59,260 Speaker 1: about how much Bitcoin, crypto they have. Can you imagine the honeypot? Imagine how easy it 320 00:29:59,260 --> 00:30:03,760 Speaker 1: is to break into a government entity. These are the downsides, but the upsides are also 321 00:30:03,760 --> 00:30:10,200 Speaker 1: heavy. So, hope that helps. And this week as well, we donated to Chaba, Chaba the baby 322 00:30:10,200 --> 00:30:13,840 Speaker 1: elephant. and this is a favorite part of the week as well before we get into the live q a 323 00:30:14,540 --> 00:30:20,980 Speaker 1: we are investing in save the elephant in thailand program to help care food and shelter and 324 00:30:20,980 --> 00:30:25,180 Speaker 1: medical needs for the animals there and that's shabba the baby elephant her and her mom had 325 00:30:25,180 --> 00:30:30,260 Speaker 1: a very hard life in an elephant show and riding camp but now they're in a sanctuary where 326 00:30:30,260 --> 00:30:34,900 Speaker 1: they can shine and have a good time so big thank you we love our elephants and i hope you 327 00:30:34,900 --> 00:30:38,880 Speaker 1: all learned something let's get some live questions sorry about that audio screw up at the 328 00:30:38,880 --> 00:30:45,100 Speaker 1: beginning but that's what i'm best at screwing up audio we're back on the edge browser 329 00:30:45,100 --> 00:30:49,040 Speaker 1: which i've never used for anything else but this all right let's get into the live question 330 00:30:49,040 --> 00:30:55,920 Speaker 1: and thanks again to the mods in the chat uh bryce assets if you weren't good at options and 331 00:30:55,920 --> 00:31:01,840 Speaker 1: are a long hold investor had half of your personal wealth and pure bitcoin and cold storage 332 00:31:01,840 --> 00:31:06,480 Speaker 1: wallets would you one keep them there where they are or two take the tax hit and turn some 333 00:31:06,480 --> 00:31:13,100 Speaker 1: or all into etfs or i 13 so bryce we now live in a world where you can 334 00:31:13,100 --> 00:31:18,300 Speaker 1: deposit your bitcoin from your cold storage wallet to a company like fidelity or other 335 00:31:18,300 --> 00:31:22,840 Speaker 1: people and they will custody it for you no fees then because you're not selling you don't 336 00:31:22,840 --> 00:31:27,360 Speaker 1: incur taxes and at those places you can also borrow against your bitcoin so we've come 337 00:31:27,360 --> 00:31:32,620 Speaker 1: we've come to the stage of bitcoin maturity where things are actually great and schwab also 338 00:31:32,620 --> 00:31:35,600 Speaker 1: announced this week they're going to do the same thing that you'll be able to send your 339 00:31:35,600 --> 00:31:42,560 Speaker 1: bitcoin into their custody accounts um and that's what i did by the way i sent 340 00:31:42,560 --> 00:31:47,440 Speaker 1: mine into fidelity so not financial advice i hope they well they'll definitely have better 341 00:31:47,440 --> 00:31:53,460 Speaker 1: security than i would but uh i i hope that helps um what you could do as well if your long 342 00:31:53,460 --> 00:31:58,360 Speaker 1: -term capital gains you know don't worry about that 20 or whatever you got to pay um i do 343 00:31:58,360 --> 00:32:02,320 Speaker 1: believe there are faster horses than bitcoin unless of course we get the supply crunch and 344 00:32:02,320 --> 00:32:08,820 Speaker 1: everything goes to the moon that's also theoretically possible but i don't know i do think 345 00:32:08,820 --> 00:32:15,580 Speaker 1: we're in the diminishing returns phase of bitcoin the good old glory days of 346 00:32:15,580 --> 00:32:22,380 Speaker 1: the 21x's are probably over unless of course we get the supply crunch i don't know there's 347 00:32:22,380 --> 00:32:29,100 Speaker 1: just so much so many new shiny toys out there in the market to invest in uh buckhorn thank 348 00:32:29,100 --> 00:32:35,660 Speaker 1: you james for all that you do uh both bought broadcom in the last dip and what would be the 349 00:32:35,660 --> 00:32:42,560 Speaker 1: expected kegger and the retire for the retire on model i have my excuse me i 350 00:32:42,560 --> 00:32:49,180 Speaker 1: gotta dig dig up my my broadcom target if i can find them hang on a second um 351 00:32:51,010 --> 00:32:57,070 Speaker 1: 13 price targets yes i haven't i haven't punched it to i haven't done a retire on for 352 00:32:57,070 --> 00:33:03,810 Speaker 1: broadcom but uh my bull target for 2030 is 1300 and that's a 6 353 00:33:03,810 --> 00:33:10,710 Speaker 1: .3 x from here so that's a print that's the second 6 .6 .1 x 6 .2 x 6 .3 x so 354 00:33:10,710 --> 00:33:17,450 Speaker 1: far today uh so that's where i see it going the custom chip market's massive and they're a 355 00:33:17,450 --> 00:33:23,210 Speaker 1: huge player along with amd so i and they've done a lot of really big deals now the bear 356 00:33:23,210 --> 00:33:30,070 Speaker 1: target on the other side is about 550 so depending on where we go i think you easily get to 357 00:33:30,070 --> 00:33:36,890 Speaker 1: 550 but anyway that's the target for that in terms of broadcom is one of those areas 358 00:33:36,890 --> 00:33:43,090 Speaker 1: was my smallest i13 allocation and we got back then that big dip last week i thought it was 359 00:33:43,090 --> 00:33:47,810 Speaker 1: good we could get more red next week and then we'll see we'll see if we double down even 360 00:33:47,810 --> 00:33:53,670 Speaker 1: more as well uh row one one hi james Last week, Q &A, you put Broadcom, A -Lab, Marvel in 361 00:33:53,670 --> 00:33:59,910 Speaker 1: the top tier. Which of these do you think 3X is first from here? Marvel, maybe A -Lab. 362 00:34:01,770 --> 00:34:08,730 Speaker 1: I just went through the Broadcom. So I think Marvel is currently a $200 billion company. 363 00:34:09,010 --> 00:34:14,750 Speaker 1: It's going to get to a trillion. I don't know when. Actually, let me check now that I have 364 00:34:14,750 --> 00:34:19,930 Speaker 1: it here. Marvel could go as high as $1 ,500. That is my bull target for 2030. 365 00:34:21,190 --> 00:34:28,190 Speaker 1: And that would be a very, very juicy CAGR of 71 .34%. By the way, the CAGR on Broadcom 366 00:34:28,190 --> 00:34:35,090 Speaker 1: is about 40 % from here. So Marvel is one of my high flyers, but also don't 367 00:34:35,090 --> 00:34:41,930 Speaker 1: discount the big Musk industry one as well. But either way, AI 368 00:34:41,930 --> 00:34:47,690 Speaker 1: is not slowing down. The names are fantastic. And things like connectivity is extremely 369 00:34:47,690 --> 00:34:52,990 Speaker 1: important in data centers. and marvel are doing some of the best work there too so roe and 370 00:34:52,990 --> 00:34:59,630 Speaker 1: buckhorn and bryce i hope that helps um a big thank you to dbf of course 371 00:34:59,630 --> 00:35:06,090 Speaker 1: piper dbf again hello you kayla b -man roe signal 103 nalem 372 00:35:06,090 --> 00:35:12,830 Speaker 1: appreciate you all and of course sean d tnd cypher sniper k8 have a good 373 00:35:12,830 --> 00:35:17,970 Speaker 1: evening we did that in 40 minutes. That's excellent. Including sound interruption at the 374 00:35:17,970 --> 00:35:20,150 Speaker 1: beginning. Alright, goodnight everybody. See you tomorrow. Bye.