0:00

With ETF approvals coming any day

0:02

now, the market seems to

0:04

be reacting positively as Bitcoin

0:06

has roared past $45,000 once

0:08

again. SPF is being

0:11

led off the hook by the

0:13

US government for political donations, shocker,

0:15

and crypto commercials are once again

0:18

flooding the broadcast airwaves. Jamie Dimon

0:20

is still a turd bucket, AI

0:22

makes its crypto predictions, and we've

0:24

got an amazing collection of Dragon

0:27

Bull NFTs, which will soon be

0:30

available to members of the Bad

0:32

Crypto Nifty Club. Happy New Year

0:34

2024 to all from the Republic

0:36

of Bad Cryptopia, it's the year

0:38

of the Dragon. And

0:41

we've got Dragon energy here to deliver

0:43

all the latest news coupled with our

0:45

meaningless commentary on this bad news, episode

0:47

number 707 of the Bad Crypto Podcast.

1:02

The Bad

1:06

Crypto Podcast 2024. What's

1:24

up, bitches? I don't

1:27

know about y'all, but this is our first podcast

1:29

of the new year, and I'm way tired from

1:31

all the holidays. In fact, my

1:34

ass is dragon. I think

1:36

I see what you did there. So I was

1:38

going to say these nuts are dragon tired

1:40

from dragging these nuts, but I didn't. I

1:42

took the higher road. I went with this. Yeah, the

1:44

higher, but not the quite high enough road. Like

1:47

the meat, it was about level depending

1:49

on the angle. It's the Bad Crypto

1:52

Podcast show for the Crypto curious and

1:54

the crypto serious in our seventh year

1:56

of badness. Joel, come here, Travis right

1:58

there. And we've got new. everywhere in

2:00

this year of the dragon by the way travel

2:02

I was born in the year of the dragon

2:05

this is this is a big year

2:08

for me the big Joel year oh so

2:10

this is your this would be nice

2:12

to the fifth the fifth year of the

2:14

dragon you've experienced then essentially actually

2:17

no I'm probably yeah yeah because it's

2:19

every year in and then the 12th

2:21

year the 24th year yeah yeah I am gonna turn 60 in

2:26

May if you can believe you look like you're in

2:28

your 40s though bro I thank you for that I

2:30

feel I feel better than I

2:32

have in a long time and so may

2:35

we both have many years of badness before

2:37

us good well we're gonna keep going

2:39

even if the marker goes up marker goes down it

2:41

seems like we don't stop can't stop won't stop and

2:44

because of that we've got some news for you

2:46

and here it is recording

2:49

this show at 8 p.m. Atlantic Standard

2:52

Time on the 2nd of

2:54

January in the year 2024

2:57

coin gecko comm has things to say for

2:59

example a 1.8 trillion

3:02

dollar market cap Bitcoin just shy of 45,000

3:04

right now at 44 956 Ethereum

3:08

two thousand three hundred fifty

3:10

six B&B three hundred twelve

3:13

dollars Solana 106 XRP

3:15

62 and a half cents Cardano

3:17

60 cents and avalanche big mover

3:19

this last week right now at

3:22

forty and a half dollars dogecoin

3:24

just outside of the top ten

3:26

at nine point one cents mm-hmm

3:30

and there's been some really big winners this

3:32

week it's been really fun to sort of

3:34

watch this thing you know looking at Bitcoin

3:37

SV the Craig you know

3:39

Craig Satoshi version of the

3:41

the internet apparently you know I was hearing like

3:43

oh man starting to rumble starting to rumble and

3:46

then I didn't get into any because I'm like

3:48

and I'm trying to stay away from Bitcoin

3:50

SV but that thing went up almost a hundred percent

3:52

this week internet computer who we've

3:54

helped advise on some things they've gone up

3:57

over 50% this week which was nice to

3:59

see that getting on a little run.

4:02

SEI is in the 56

4:04

overall right now. That's up 46%. Astar,

4:07

I haven't heard of that. But

4:09

be such an Astar. Yeah, he's

4:11

such an Astar. Oh my

4:15

God. Arbitrum, that's up 34%. Baker's

4:17

up. Ortee is up. Ortee is

4:19

those ordinals. There's some really interesting

4:21

things going on here in the

4:23

space. And as we know, as

4:25

Bitcoin goes, Bitcoin goes. Then some

4:27

flows into altcoins, then flows

4:30

back into Bitcoin. And we are

4:32

closing in, folks. If you look at the

4:34

map, you zoom out, Joel, and see the

4:37

two-year map. We're closing in on a two-year

4:39

all-time high. Not the all-time all-time high, but

4:41

over the last two years, we haven't. 47,000,

4:45

I think, is that point there of that one little last-ditch

4:47

effort of the last bull rod. It did a little dip.

4:49

And then it went 47,000. So

4:52

we're getting close, folks. Last night, it was

4:54

so awesome watching that thing roar over 44,000.

4:56

And let's see where it goes. We're

5:01

going to talk a little later on what AI thinks it's going

5:03

to go on. But this could be the start

5:05

of something beautiful, Mr. So-Lorj-Hulkam. So of course, this is

5:07

the headlines everywhere. And you're going to be able to

5:09

see links to all of the stories we're going to

5:11

cover in our show notes. So if you go to

5:13

Bad to Code. It's a bull points as well. So

5:16

you can take those little bull points and tweet them

5:18

out if you like. Yeah,

5:20

bull it points because it's a

5:22

bull market. That's where bull run

5:24

points. Got it. Name. In

5:27

the show notes,

5:29

BadCode.IN/707. And people are

5:31

paying attention, gang. Bitcoin is

5:33

back in the news. People

5:36

are talking about it. They're expecting these

5:38

ETFs that are going to be approved

5:40

here maybe as early as this week.

5:42

I don't know what happens if

5:46

they're not approved this week. I think we hang

5:48

on just the same because we know that they're

5:50

coming. But I feel

5:52

like we are just about

5:54

ready to turn that corner. Like the door

5:56

is open to the beginning of mainstream adoption.

6:00

Just slide right all up in that Yeah,

6:03

but the slide all on up in it

6:05

It could be really interesting as we're moving

6:07

forward on this and you know There's

6:10

been it's interesting because a lot of

6:12

Bitcoin miners were offloading. They offloaded 129

6:16

Million Bitcoin in one day and

6:18

so we got the lowest reserves that we've

6:20

had since May right now And

6:23

so now that there's there's such

6:25

a low amount of them in the

6:27

reserve I think with with this

6:29

having coming up setting up to go

6:31

in April and slashing the minor rewards

6:34

I think there's that might

6:36

be a supply shock down the road and that could

6:38

be Part of the things that

6:40

lead to a significant price change over time Joel.

6:42

Let's let's talk Theory on

6:44

this little game theory on this because

6:47

people are asking is the current price

6:49

of Bitcoin? Is

6:51

the ETFs built into it? In other words

6:53

have we seen this run up and then

6:55

the news happens we have the ETFs and

6:57

then we sell I Think

7:00

we see a small sell-off

7:03

and an almost immediate Baboom

7:06

upwards because I read

7:08

a great piece today I don't know if you

7:10

sent it to me or with somebody else but

7:12

the the theory is is that you have these

7:15

12 different financial institutions in

7:17

the US that are going to be competing

7:19

for market share and So

7:21

they're gonna have their Representatives

7:24

on the phone with clients trying to

7:26

get as many of them into their

7:29

system as possible You need to buy

7:31

Bitcoin not needed by Bitcoin now Which

7:33

could send things moving very quickly and

7:35

that that theory actually makes sense to

7:37

me that I don't think that We're

7:39

gonna see a big pullback from this.

7:42

I think that we've got a lot

7:44

of upside not financial advice Well,

7:47

I mean that's when the bull run

7:49

really hits, you know We start

7:51

seeing days like that. I remember the very first time

7:54

in 2017 we were

7:56

seeing bull run that bull run happened. We were seeing like

7:58

whoa increase

8:00

today. Oh my god, almost a thousand dollars

8:02

in one day. We're gonna see in the

8:05

future where we're seeing, like we're already seeing

8:07

it now where it's like, you know Bitcoin

8:09

was what, 42 and all of a sudden

8:11

boom and hit 45. So that was a

8:14

three thousand dollar bump in one day. It's

8:16

not gonna be too long in my personal

8:18

opinion that we're gonna see like a five

8:20

in the ten thousand dollar day bump and

8:22

maybe even a twenty thousand dollar bump in

8:24

a day just because some news thing's gonna

8:26

happen and the thing's gonna go baboosh and

8:29

you know as we make that March up

8:31

to 69,000 the previous all-time high and then

8:35

probably go somewhere double that when

8:37

it's all said and done not

8:39

financial advice but that's what a lot of people

8:42

are saying and even AI is that you know

8:45

it's gonna happen it seems to happen quick once

8:47

it hits that one point it just kind of

8:49

goes boom boom boom boom boom boom boom it's

8:52

like almost like over the course of less

8:54

than a month it does it. But then whenever

8:56

whatever it falls then

8:59

it goes boom boom boom boom boom boom

9:01

boom. It just falls off a cliff. I

9:04

don't think I think it's gotta be good

9:06

on this bad boy. I'm not sure that's

9:08

gonna happen this time you know that that

9:10

happened in the past because you have a

9:13

lot of big money pulling their money out

9:15

but now you're gonna have millions

9:17

millions millions more people that are gonna be

9:19

buying it to Bitcoin. Maybe we thought this

9:21

was gonna be the case with the last

9:24

bull run last bull run seemed a lot

9:26

different to us because

9:28

oh people are doing stuff more

9:30

with their crypto than just buying ICOs look

9:32

at this oh there's DeFi there's this there's

9:34

that and still once the

9:36

mark you know it's the trend though

9:38

Joel that probably the markets manipulated by these big

9:41

dogs like BlackRock and just come in and thump

9:43

it down on the table and be like we're

9:45

gonna buy all this we're gonna do this we're

9:47

gonna sell all this so it's like there's still

9:49

some big manipulation that can happen and I think

9:52

as long as we're on the team or the

9:54

side where it's positive We just got to

9:56

be aware enough to get out when the time's to get out.

10:00

Crypto bro's it was people in the

10:02

industry for the most part that were

10:04

driving it and now that big money

10:07

is coming in and in lifters eat

10:09

yes around the world in a we're

10:11

not the first but us being the

10:14

powerhouse the financial powerhouse it it is

10:16

armed these big you know multinational conglomerate

10:18

getting in on be able to sell

10:20

to us citizens as a big deal.

10:23

I feel like this is different. I

10:25

think like everybody was super hype on

10:27

the bull run last time because. We've

10:30

we wanted to push in the

10:32

mainstream adoption. Well, it wasn't time.

10:34

Now it's coming to us. And.

10:37

I feel like it's different. I just

10:39

a it's it's gotta be the once

10:41

you go from having ten meet million

10:43

people, twenty million people having that points

10:45

to a half a billion people having

10:47

it, it's It's clearly a game changer,

10:49

so how will that? Also, Zola talks

10:51

about his article that you are you

10:53

referencing Were here talks about the As

10:55

A I've seen that work. That

10:58

that arose over seventy five percent. Because it's

11:00

a pass. It's It's a the popularity of

11:02

the Vm compliant block teens and Para was

11:04

a synth. So what's going on? It seems

11:07

to me that you know. Some.

11:09

Of these tokens and are gonna be part

11:11

of the thing that allows. Big.

11:13

Money to get am from his Wall Street firms.

11:15

Those to crypto tokens are going to have a

11:17

big opportunity as well and we might be seen

11:20

the beginnings of some of those. Of what I

11:22

would suggest for you folks is if you must

11:24

know I now get on our top one hundred.

11:26

Look at some of those tokens you've never seen

11:28

before. Look at some of those ones that haven't

11:30

some big rises, do some research into them and

11:32

maybe even email us a bad ripped apart as

11:35

his email that com if you find some is

11:37

really interesting because you know where Learn and it

11:39

was as as you guys are. Learn and Rival

11:41

never claimed to be an expert in the space.

11:43

We are. We are a perpetual beginners of mine

11:45

because we're all we aren't. We want to learn

11:47

as much as the can with once you get

11:49

to serve what we think you know so much

11:51

than your ego gets out of controlling you and

11:53

have not learned anymore and you end up getting

11:55

wrecked. So. we don't want to get regular want to

11:58

go to the moon and so let's go to the moon Do

12:00

some research on some of the stuff. If you find some really cool

12:02

stuff, let us know. We'd love to do some research on our own

12:04

and then get back to you guys with ones you guys have recommended.

12:07

So, you know, you reference the financial institutions

12:09

being able to slap their wing on the

12:11

table and, you know, cause things to happen

12:14

pretty easily. There's just

12:16

so much corruption out there and

12:18

of course we see it. In

12:21

the US government as well where

12:23

this tweet from Colin Rugg on

12:25

x.com, also known as Twitter, says

12:28

the US government is dropping six

12:30

charges against crypto scammer Sam Bankman

12:32

Freed including campaign finance violations and

12:35

conspiracy to commit bribery charges. Making

12:37

bribes with stolen money is fine as long

12:39

as that money is going to US politicians. He

12:41

donated $100 million to the 2020 midterms,

12:44

lots of dark money groups linked

12:46

to people like Mitch McConnell and

12:48

Chuck Schumer and look at this

12:50

video. I believe it's a real

12:53

video. Maxine Waters, one of the

12:55

most corrupt people in Congress, blowing

12:57

a kiss to Sam Bankman Freed.

13:00

Love you, Sammy. Thanks for the donation. You're off

13:02

the hook, brah. Thanks for the fat cash. Yeah.

13:05

Paul Sperry is another tweet that we're referencing that I'll put

13:07

in the show notes as well. He

13:09

says that what they're covering up and

13:12

what they risked coming out at trial

13:14

is how dirty these FTX funds were.

13:16

So they were being laundered into the

13:19

DNC through something called Mind the Gap.

13:21

That's a Democrat dark money operative. And

13:24

then the whole operation apparently

13:26

allegedly was ran by SBS

13:28

mom who according to this

13:30

is a radical Democrat activist working under

13:33

the cover of academia through Stanford. So

13:36

here's the New York Post article to that.

13:38

Here's Paul Sperry's post. You know, is

13:40

there something weird going on when they just say, hey, you

13:42

know what, of all 60, how many of you have 16

13:45

different things against him, something like that? And then they said,

13:47

we're going to get rid of all of these and only

13:50

the seven that you've already gone

13:52

to prison for, for life, essentially 120 years or

13:54

whatever it was. We'll see. We're

13:56

not even going to talk about all the rest of the stuff.

13:58

Well, it's almost how the government ignores. Epstein client

14:00

lives is how they're ignoring ever Sbf

14:03

sort of client list. Also said, all

14:05

thing has to have one way that

14:07

they can assure that Spf doesn't kill

14:09

himself. There's no sentence, only my talk

14:11

about any of that. You'll. Unsanctioned

14:14

know sentencing at hasn't happened yet. The

14:16

sentencing for his crimes as is still

14:18

yet to com and others lot of

14:20

people in the U S said are

14:22

upset when they were talking about how

14:24

like those seven counts of fraud that

14:26

he's already been to. show it on.

14:29

I. Guess that must have been speculation that evacuation

14:31

one is not an alligator doesn't have it's

14:33

and so basically how to drop and all

14:35

of his additional charges. And he

14:38

still hasn't got his original sentencing yet. Like

14:40

do they're going to give him a powder

14:42

puff on his ass and a kiss on

14:44

the T Can tell him thank you and

14:46

sorry for his inconvenience. The or seems like

14:48

at this point. So people

14:50

in know the Us Congress are unhappy

14:52

with the Chairman of the As He

14:55

see Gary Gensler in summer saying we

14:57

want to fire him. Mostly a represented

14:59

As Worn Davidson and Tom Emmer Republicans

15:02

from Ohio and it's a Minnesota respectively

15:04

wrote Two Thousand and Twenty Four Be

15:06

a great time to fire Gary Gensler

15:08

past the As He Sees Stabilization Act,

15:11

all the Se Si accountable for it's

15:13

corruption and ended the accredited investor rule

15:15

that protects deal flow for the donor

15:17

class. I'm I'm a fan of all.

15:20

The Saving Twenty Twenty Four as

15:22

a great year to clean house

15:24

in not in our government's man.

15:27

I love what this guy this

15:29

president in Argentina is doing like

15:31

he's eliminating departments and jobs, his

15:33

privatizing stuff and a is empowering

15:36

people once again. As. While watching

15:38

that dude, he was flat. It's they

15:40

eat is though. Some dumb dangerous

15:42

stuff though to like. He's flying

15:44

from commercial airlines like him and

15:46

Coach. It

15:49

what I mean I a it's okay

15:51

to protect yourself a little bit you

15:53

probably need to have some you know

15:55

presidential security around yourself them but easiest

15:57

is constant on the table. The backup

15:59

know. Yeah, it's crazy. watch with

16:01

that is doing But I'll tell you

16:04

what these are to lawmakers that I'm

16:06

that I have got some good feelings

16:08

for Arm because of what they've been

16:10

doing pushing to try to remove your

16:13

against that's great, the Fcc Stabilization Act

16:15

to try to eliminate the Chairman's role

16:17

and maybe even introduce another commissioner to

16:20

prevent dominance by a single political parties

16:22

that is Goods and and both of

16:24

those guys also opposed the Federal Reserve

16:26

issuing a C B D C A

16:29

Think the that. Threatens the

16:31

civilization of the world.

16:33

And you know I agree. I don't want us

16:35

to have a digital dollar, but I think that.

16:38

They're. Going to try to make things more lenient

16:40

and at first or something to keep crypto

16:42

go on and then the got a book

16:44

the obviously going to try to drop that

16:46

thing then it's gonna be for us to

16:48

really sort of rebel in have enough in

16:50

a friendly safe way where it's like oh

16:52

you only pay with your didn't have hours

16:55

like know this is that like that one

16:57

did when he but that one dude who

16:59

bought strawberries in the Uk is like know

17:01

this is legal can see what to buy

17:03

These are the strawberries is a dollar. Thirty

17:05

eight pounds, Thirty eight, thirty eight pencil of

17:07

us by in it right? It's like. We.

17:09

We have to sort of rebel against it,

17:11

and then and then companies ago. As

17:14

we. Have more power than we realize

17:16

and a lot of cases joe we just

17:18

don't utilize it has were so Pats works.

17:20

Were just passive about everything right man? Complacent.

17:23

Civil. Disobedience is definitely is

17:25

definitely needed. Ah, again from

17:27

the Us government. The Senate

17:29

Ethics Committee ethics committee sounds

17:31

like an oxymoron is emerged

17:33

to investigate Center Elizabeth Warren

17:35

on misleading crypto statements see

17:38

said I'm on where was

17:40

it She said this, she

17:42

was on Fox Business on

17:44

Thursday, and she made comments

17:46

that Crypto has an anti

17:48

muddle of money laundering problem,

17:50

which of course it doesn't.

17:53

and does that perry and boring

17:55

slammed her and said it does

17:57

not have any ml problem the

17:59

vast majority illicit finance goes

18:01

through the traditional financial system

18:03

and legacy banking infrastructure. It's

18:05

demonstrable, it's provable, it's not

18:07

up for debate. She

18:10

says it's not happening in the cryptocurrency

18:12

space and they want to hold her

18:14

accountable. These people that

18:16

go up to Capitol Hill, they

18:19

don't know squat. They are just in

18:21

it for themselves, for the power they

18:23

get, they do not have the best

18:25

interest of the people at heart and they've

18:27

demonstrated it and yet people in

18:30

these districts and states continue to send them

18:32

back with absolutely no evidence that they followed

18:34

through and their promises are done a darn

18:36

thing. It's

18:39

supposed to be for the people but for them

18:41

it's for their profits. They go in there and

18:43

they're worth very little. Even

18:46

AOC went into

18:48

Congress when she was worth about $2,000.

18:51

I read now she's worth over $13 million. How

18:54

is that possible with the $200,000

18:56

a year salary? There's so much

18:58

corruption and stuff going on at

19:00

these upper levels. It's

19:03

not Congress, it's the

19:05

ruling class and

19:07

it's rules for thee but not for me.

19:09

That's how they look at it. That

19:13

stopped the crypto ban. There's a petition out

19:15

for that and there's over 10,000 signatures already

19:17

on that document saying, we do not want

19:19

you to be banning crypto. Keep your hands

19:22

off of crypto Pocahontas. Pocahontas.

19:26

She's a fake one. Here's another

19:29

one again from the World

19:31

Finance. Did you say faux-cah-haun-us?

19:33

Faux, yeah, because she's fake.

19:35

From the traditional financial systems,

19:37

Jamie Dimon has bashed Bitcoin

19:39

for years but meanwhile what

19:41

is JPMorgan Chase doing? They're

19:45

doing crypto. Of course they

19:47

are. They have a key role

19:49

in BlackRock's proposed ETF. Look

19:51

at this smug smile

19:53

on this guy over here. They

19:57

all have that. For me, JP

19:59

Morgan, Morgan. He was one of

20:01

the worst dudes, in my opinion, the

20:03

way that Rockefeller and JP Morgan and

20:06

all those really early entrepreneurs

20:09

that were making things happen back

20:11

in the day, they had profits

20:13

only on their mind. And here we are

20:16

now with BlackRock and some of these other

20:18

ones and then JP Morgan. They're opposed to

20:20

it, but now they're involved in it.

20:23

And so it just kind of gives you a little bit

20:25

of their hypocritical nature and how they work.

20:28

But the financial industries, their

20:30

tendency is to prioritize profit. And

20:32

if you look over the

20:34

last 12 to 14 years, Joel,

20:37

of Bitcoin's profitability, since Bitcoin launched,

20:39

it's up like 6 billion

20:41

percent or something. You got in early like,

20:44

oh my God, you will never have

20:48

to worry about a thing. Has anybody checked on

20:50

Peter Schiff lately? I think

20:53

he shipped his pants over the Christmas holiday. I

20:55

mean, he's been saying every time Bitcoin goes down

20:57

that it's going to zero, it's going to zero.

21:00

And now with these ETFs coming, he's got like

21:02

at some point, he's going to have to capitulate

21:04

and go, all right, if you

21:06

bought Bitcoin 10 years ago, instead of

21:08

gold, you would be far wealthier. Way,

21:11

way wealthier. I mean, literally,

21:14

I think in 2012, 2011,

21:18

gold was worth maybe what, 1100, 1200

21:21

bucks. We're sitting here now, it's gone up $1,000. It's

21:24

not even doubled in price over the last

21:26

12 years. And then Bitcoin went on that

21:28

ridiculous torrid run. And then there's only been

21:30

one year where Bitcoin didn't have a positive

21:33

net gain. One

21:35

can't say the same for gold, although gold is

21:37

over 2000. Now it's kind of nice, but nowhere

21:40

near what Bitcoin's been able to do. It's been

21:42

a big dump in 2022. That was the only

21:45

year that it really ever took a huge dump like

21:48

that, really. And then he lost

21:50

money from the price on January 1st to

21:52

the price on December 31st. It's pretty good.

21:54

CZ would like to take a huge dump

21:57

in the UAE where his kids live, but

21:59

the- The courts will not give

22:01

him permission. They won't let him take a

22:03

dump? Nope. They're saying he

22:05

can't leave the states because he's

22:07

a flight risk while he's awaiting sentencing

22:10

for his criminal charges. He's been

22:12

forbidden from traveling abroad. So

22:15

he might be one of the only people who like

22:17

goes the opposite way on the southern border. Yeah.

22:20

Let me get the hell out of here, amigo. All

22:22

right. Yeah. So he's out

22:25

on a $175 million bond right now

22:27

after pleading guilty to violating the bank

22:29

secrecy act. So apparently he's in knowing

22:31

he did some things, but he

22:33

can't see his family right now. So

22:35

that sucks. That ain't cool. Sorry about that,

22:38

CZ. That ain't cool. Two days

22:40

into the year, and we've already

22:42

got our first hack of the

22:44

year in South Korea, the Orbit

22:46

Bridge lost $80 million in a

22:48

hack that happened because

22:50

private keys were compromised. So congratulations

22:53

to Orbit for being the first.

22:55

Seven out of 10 multi-sig signers.

22:57

That's crazy. First. They're

23:00

the first. I'm sure there'll

23:02

be many more. Wherever there's money. Guys,

23:05

make sure your funds are secured. Make sure

23:07

you hold your keys, not your keys, not

23:10

your crypto. That's just how

23:12

it works. It's something fun, Mr. Joel Comm. What's

23:14

that? I've noticed this too. I'm starting to

23:16

see some crypto commercials on TV. I saw

23:18

one. I did see one for Bitwise, and

23:20

I saw something else, some other

23:22

one too. I was like, oh, dude, crypto

23:24

commercials are back. And that's what this article

23:26

right here. Crypto ads

23:29

have been making a comeback with

23:31

Bitwise and VanEck. They're creating mobile-focused

23:33

commercials. I did see one

23:35

on YouTube. And then Solana, the

23:37

saga phone, they're reselling for thousands

23:39

of dollars, boosted by these unclaimed

23:42

Bonk Air Drops. So you got

23:44

a Solana saga phone. There's

23:46

some Bonk sitting on there for you. But

23:50

I got a Bong downstairs waiting for me, but that's

23:52

a little different. I think that's very

23:54

different. And you're going to see more and more

23:56

of the commercial. And look, I don't watch commercial

23:58

TV at all, so I wouldn't even. know what

24:00

they're showing. You watch YouTube and you watch other

24:02

shows and so you have like

24:05

the YouTube premium so you don't see the ads? Yeah,

24:07

I pay extra. People are like, I'm not going to

24:09

pay enough to see commercials. I'm like, oh, hell yeah,

24:11

I'm paying. Oh, they're raising the price $2. Fine,

24:14

I don't care. I don't want to see your stupid commercials.

24:18

It's worth it to me to not

24:20

deal with that. But they're

24:22

out there and a lot more are going to

24:25

be coming. And this is brilliant. Chief

24:27

Justice John Roberts of the

24:29

US Supreme Court says he predicts AI

24:31

will significantly impact legal work at

24:33

the trial level while saying AI

24:36

usage by legal teams requires caution

24:38

and humility. That's a nothing burger

24:40

of a story like file under

24:42

no shit Sherlock. Well,

24:44

and realistically, if you had a clean AI

24:46

that had all the laws and all the,

24:49

you know, all the lawyer words from

24:51

all the law books and all the

24:53

land, right? Like this is one

24:55

of the best cases for AI because you

24:58

can almost be like, if you're a, if

25:00

you're a judge and you're like, well, here's

25:02

the law and oh, and here's the cases

25:04

that here's the precedence for that here it

25:06

all is like, this is going to save,

25:08

this is going to save folks in the

25:10

law industry, just thousands

25:12

of hours, man. But it's also,

25:15

I think now I

25:17

think that's got to be a perplexing thing for

25:19

law firms, right? Because now if they can have

25:21

AI do something that would take them 10 hours

25:24

before and that takes them 20 minutes,

25:26

are they still going to bill out those 10

25:28

hours? Probably. Yeah. How long do we have the

25:31

billing? It's just going to make it quicker for

25:33

them to do. How long do we have AI

25:35

courts, right? Where, because if you feed the law,

25:37

the law and only the law in,

25:40

and then you program the AI to

25:42

interpret that law and apply it to

25:44

various cases, I wonder how many times,

25:46

you know, because in our courts, for

25:48

example, in court, you got nine justices

25:50

and sometimes you have five to four

25:52

rulings, sometimes six to three, sometimes seven

25:55

to, but if AI

25:57

gives a ruling and supports it,

25:59

then then its AI is going

26:01

to be unanimous with itself. Yeah,

26:04

but I would also say this is

26:06

that laws are reserved for laws of

26:08

the universe. And gravity is a law.

26:11

Everything else is just rules. A lot of

26:13

this stuff is just bullshit human rules that

26:15

they want to put us under with a

26:17

whole lot of extra control. So a lot

26:19

of them probably could be eliminated. But I

26:22

would also say is I would prefer that

26:24

if we're going to go through lawsuits and

26:26

do instead of this law, the law fair

26:28

that's going on where they're using sort of

26:30

law and going to

26:32

war against certain political parties and stuff.

26:34

I think that should be called out

26:37

and be like, based on AI, this

26:39

is like, why is a Soros funded

26:41

DA gonna release all these people back

26:44

into the population when they

26:46

should be in jail, but then other

26:48

people who did the same thing, they're

26:50

not getting released. And then

26:52

it's just not balanced right now. And so

26:54

I think a lot of people are getting

26:56

frustrated with that. So I think AI could

26:59

help, but I really wouldn't want to have

27:01

AI only because then it lacks empathy and

27:03

there's like some situations that, you know, would

27:05

maybe change. So it's like, I think maybe

27:08

aid in what we're doing, but don't take

27:10

it over because that's draconian. To be clear,

27:12

I'm not suggesting we do it. Oh, he's trying

27:14

to be draconian. Why are you such a dictator? It's

27:16

going to happen. That's what's going to happen. And

27:19

AI is also predicting

27:21

the price of Bitcoin in this

27:23

article here, where the long story

27:25

short is that the

27:27

which ones have predicted. So

27:30

Google's Bard said that 2024 will

27:33

find us with an all time high of around 120,000. There's

27:38

others that have predicted a

27:41

wider range. And we have

27:43

some analysts that are not AI that are saying we

27:45

can hit as high as 532,000. On

27:49

this, I am going to stick

27:51

with my prediction of 150,000. That's

27:54

going to be our peak for the year. So

27:56

I'm getting a little bolder than AI. I'm

27:58

using JIJI. Joel Intelligence. Yeah.

28:02

Well, I was using Trava AI

28:04

and I determined that I do think 120,000

28:06

is reasonable. I

28:08

don't think it will go over 250,000. The

28:10

number that I kind of sit on is around 180,000 because that would

28:13

almost be a 3X from

28:16

the all-time high previously. And then based

28:19

on the previous bull runs,

28:21

there's been at least a 3X return

28:23

on from the previous high. So like

28:25

last time, there was almost a 3.5X

28:27

from the previous high of 20,000. Now

28:32

we're at 69,000. If

28:34

we took around 3X, that's going to

28:36

get us up to maybe 200,000. So

28:39

I mean, probably at least 150,000 and then maybe somewhere up

28:41

as 200,000. But

28:45

I think the biggest thing on this, Joel, is right now

28:47

the total crypto market cap is

28:49

about $1.8 trillion right now. And

28:53

once this ETF happens, we're going

28:55

to see trillions of dollars injected

28:57

into the crypto market through

28:59

those ETFs. So some of that's going to

29:01

be not included in the crypto market per

29:03

se, the official one, but it's going to

29:05

be part of the overall crypto market because

29:07

the ETF is going to be traded with

29:09

traditional stocks and stuff. So it's going to

29:11

be interesting. But think about

29:14

that. The total commodity markets and the

29:16

gold markets and some of these other

29:18

ones, like the total crypto industry market

29:20

is still so low compared to everywhere

29:23

else. And so that's

29:25

where I think that there's going to be a big

29:27

amount. We can see, I think, as a more accurate

29:30

goal, I think we'll see

29:32

at least $5 trillion total crypto

29:34

market cap, not Bitcoin in itself. But

29:36

overall, all the cryptos will equal at

29:38

least $10,000, or at least $5,000,000, probably

29:43

going on $10,000,000, probably around $7,000,000 or $8 trillion.

29:46

And then people are going to be like, oh, it's going to hit

29:48

$10 trillion, and it's not. The bottom is going to drop out and

29:51

go down to about $3 trillion or

29:53

something. Well, let's bookmark this show

29:55

with the predictions in it. This

29:58

is not Mickey Mouse stuff that we're talking about. talking about

30:00

here. But this story from

30:05

Trav. A few days ago I got

30:07

an email from a news source that

30:09

I used and it said in there

30:11

in like three days the copyright for

30:14

the very earliest Mickey Mouse that we

30:16

saw in the Steamboat Willie Disney cartoons

30:18

was getting ready to expire. Disney

30:21

could not retain it under their cop under

30:23

copyright laws and it went into the public

30:25

domain and I thought to myself, self this

30:28

would be a great opportunity to make

30:30

some NFTs. Well I did not

30:32

do that but others did and

30:34

check this out. The Steamboat Willie

30:36

NFTs that went for sale, this

30:38

one collection here was number one

30:41

trending and did 521 ETH. Using

30:43

existing artwork, the effort

30:49

that went into this was so minimal

30:51

whoever made this is they are laughing

30:53

their way to the bank. I mean

30:55

521 ETH. That's the total volume. They

30:58

didn't personally make that. That was like

31:00

secondary volume and stuff or was that

31:02

I wonder how much from the initial

31:04

sale. Or if they gave away for

31:06

free. I don't know but there's several collections

31:08

here that the top one, two and three.

31:10

Disney should have done that right ahead of

31:12

the time. It's like okay so we're gonna

31:14

lose it. Let's launch some Steamboat Willie NFTs

31:16

and then they could

31:20

have pulled in something and done something kind of

31:22

fancy and fun with it knowing they were gonna

31:24

lose their their copyright. Vivi

31:26

did that in the Vivi app.

31:28

Last year or two years ago

31:30

they released in their deal with

31:32

Disney they released Steamboat Willie. Yeah

31:36

it's crazy that somebody can work work work to

31:38

create a business and somebody comes in and goes

31:40

oh we can use that artwork now we can

31:42

sell that and now we're making

31:44

we're making money. I mean we

31:47

got AI now we can just go

31:49

in and tell it pretty much anything

31:51

we wanted to create and it creates

31:53

something out of our imagination from words

31:55

and converts it into something completely beautiful.

31:57

So this lawyer told Cointelegraph people cannot

32:00

Use Steamboat Willie's version of

32:02

Mickey to make anyone think

32:04

their work is affiliated with

32:06

Disney. Okay, so unaffiliated Here's

32:09

here's the collection. Okay, so this guy did it

32:11

here. This guy set up a manifold Collection

32:14

of it 2,000 with a price of 0.001, which is $2 each I'm

32:19

not sure how many of these he sold

32:21

on manifold But you know, look if you're

32:24

using other versions of Mickey Mouse, you're gonna

32:26

get sued by Disney. Don't do it. I

32:29

Just got hungry Travis. I want some cookies. I

32:32

Love that one shirt that you said what was

32:35

this? Like what's your shirt says? Yes. I do

32:37

accept your yes I do accept cookies. Absolutely Yes,

32:39

my life is good shirts I which

32:41

doesn't fit me anymore because I lost weight and I had to

32:43

get rid of it So not a bad problem NFTs

32:45

are the new cookies is the title

32:48

on this block works article, you know,

32:50

we've been talking for years Travis how

32:53

NFTs are the new

32:55

loyalty card how companies

32:57

and brands issuing NFTs

32:59

to consumer Wallets now

33:01

can identify who owns

33:03

what and reward them accordingly

33:07

this article goes on to talk

33:09

about how loyalty is not just

33:11

about the Programs and identifying people

33:13

but there's also a certain well,

33:15

let's just say A Ethical

33:18

violation to the fact that now

33:20

they can track people for ads

33:23

this could end up becoming a

33:25

way that This

33:28

is better than cookie. Yeah, because

33:30

there's a member early on I think it was in 2019

33:34

I bought the domain NFT commerce because

33:36

it's coming it's like we could see that

33:38

these kinds of things are going to be utilized for

33:40

these types of tools and Advertising

33:43

data and the old cookie dying and

33:45

this kind of people opting in in a way Kind

33:48

of makes it kind of makes it really cool. So

33:50

this could be something obviously to keep an eye on

33:53

we've been watching NFT since 2017

33:55

we're seeing them evolve. I don't think that they are

33:58

just PFPs. There's so many different different

34:00

ways to use it. However, PFPs you

34:06

have been busy creating

34:09

a new collection

34:11

to commemorate the upcoming bull run

34:13

and the year of the dragon

34:15

and crypto and you tweeted about

34:17

it here just this week. You've

34:19

been super busy on Dolly making

34:21

these. Check out the 2024 crypto

34:24

bull dragons that Travis has been

34:27

creating. Talk about these and I'll

34:29

go through the ones that you

34:31

posted here on Twitter. Yeah

34:33

so these are essentially like a

34:35

pixelated sort of a thing. I was looking at this

34:37

I was like man it's we're seeing

34:39

something really cool. It's the 2024 is the

34:42

year of the dragon

34:44

with the Chinese zodiac

34:46

right and 2024 is gonna be an epic bull run.

34:48

So I was

34:50

like dude I just kind of merged it

34:52

together. Oh so

34:54

I've created bad crypto

34:57

GPT right and I've sent a

34:59

link to I think it's badco.in/GPT

35:01

right. So we I programmed all

35:04

kinds of cool shit into this

35:06

one and now I

35:08

can go in and I've just been working on

35:10

this one from based on all the stuff that

35:13

we know about NFTs and this and that and

35:15

let's say that 2024 is the year of the crypto

35:20

bull run and it's the 2024 year

35:22

of the dragon. Let's create a cool

35:24

one by one image of the what

35:27

I was calling it the crypto bull

35:29

dragon king was I was calling it and

35:31

so there we go we got all kinds of

35:33

these things now and there's 24

35:35

of them I think we're gonna decide how exactly

35:37

we want it how we want to necessarily do

35:39

these because I think we

35:42

could give one that everyone has that same

35:44

official one but then maybe sell the other

35:46

ones as a one-of-one for super cheap that

35:48

way people could have those and have that

35:50

be their little avatar to help them on

35:52

their their 2024 bull run. And maybe we

35:54

tie a piece of utility to it I

35:59

don't know. We're going to talk about it, but if

36:01

you want to get the free one you have to

36:03

be in the bad crypto nifty club go to bad

36:06

crypto dot Uncut dot

36:08

network and you want this

36:10

NFT right here the bad crypto nifty club You

36:12

can buy it right now for four dollars and

36:14

seventy three cents and have it when you can

36:17

once you have it you start getting airdrops from

36:19

us we create a lot of different things and

36:22

There's probably been what thirty or so maybe

36:24

more airdrops so far. This is a different

36:27

one We've only done it a couple of

36:29

times where we've done as a set We

36:31

did the corn utopia ones if you had claimed

36:33

the the original corn wizard It

36:36

was a hundred of those and you got dropped

36:38

a corn utopia character We

36:40

also did the the five aetheriums.

36:42

We did six bitcoins in the

36:44

collection. So this is the fourth

36:47

Collection I think that we've done unless there was another one in there

36:49

that I'm not thinking of Dragon

36:52

run and that could be fun Maybe we could do

36:54

that at the beginning of each year as we play

36:56

around as AI gets even cooler I don't know what

36:58

the next year year of the snake or the year

37:00

of the rat or whatever Kind of

37:03

the adding the bull run to it. Oh, especially

37:05

this year because it's a bull run That's why

37:07

this one's kind of fine. We're going into some

37:09

crypto winners and some of those other ones So

37:11

maybe then we'll be as fun So we're gonna

37:13

drop this just a few days after this episode

37:15

Releases and if you want to get a free

37:17

one then you need to have this

37:20

NFT And of course it you'll get

37:22

free future airdrops of other NFTs as

37:24

well bad crypto Uncut network to get

37:26

this red spinny NFT with myself and

37:29

Sir Lord Travis spinning around and somehow

37:31

not getting dizzy and nauseous It never

37:33

stops and yet we remain

37:35

steady We're here for you at

37:38

the Republic of bad Cryptopia and we're glad

37:40

that you guys are along with us for

37:42

this ride It's gonna be a super super

37:45

exciting year. And I think if you

37:47

are smart with your investments and

37:50

Remember pigs get fat hogs

37:53

get slaughtered You

37:55

know, so no one to take profits. It's

37:57

never a bad idea in my non-professional financial

38:01

advice to say it never hurts to take

38:03

money off the table, never hurts to take

38:05

profits. That's

38:08

what I say. I

38:10

say that. What do you say, Travis?

38:12

And I say life is good

38:14

and this is a fun time to

38:16

be doing what we're doing. Look in

38:18

the notes. I just sent the one.

38:20

I just did a Galactic Explorer bull

38:22

dragon and that one. What's

38:24

funny is I got about 40 of them

38:26

now that I've done. So I need to

38:28

upload them. Joel and then you and I

38:30

need to look at them and see which

38:33

ones we like the best and then we'll

38:35

name. I have them all in name to

38:37

which ones we like. It's gonna

38:40

be hard to cut some of them because they're so cool but

38:42

I only think we need to have 24 of them and

38:44

make them relevant and rock and

38:46

roll. And with that I guess there's only one

38:49

thing left to do. You

38:51

have dessert? Well

38:54

you can have that a little bit later. I'm gonna try again. Get

38:58

a haircut? No I did that already.

39:00

This is what we normally say at the end

39:02

of most every show and this will be the

39:04

first time it's been said in 2024. Oh

39:06

my gosh do I get to say it? You

39:08

gotta say it. I get to say it. Very

39:11

bad. I did it. Who's

39:28

bad? The

39:33

Bad Crypto Podcast is a production

39:36

of Bad Crypto LLC. The content

39:38

of the show, the videos, and

39:40

the website is provided for educational,

39:42

informational, and entertainment purposes only. It's

39:44

not intended to be and does

39:46

not constitute financial, investment, or trading

39:48

advice of any kind. You shouldn't

39:51

make any decisions as to finances,

39:53

investing, trading, or anything else based

39:55

on this information without undertaking independent

39:57

due diligence and consultation with a

39:59

professional. Please

40:01

understand that the trading of bitcoins

40:04

and alternative cryptocurrencies have potential risks

40:06

involved. Anyone wishing to invest in

40:08

any of the currencies or tokens

40:10

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40:12

seek their own independent professional financial

40:14

advisor.