8:00

Really true, really true. And really, when you when

8:02

you make the comment about Dogecoin, like I think

8:04

got up like 70 80

8:06

cents during the last bull run, right? Something like that.

8:08

So I bet there's a day coming, we're going to

8:10

see a dollar, a Dogecoin. I'm

8:13

actually looking at a lot of these and

8:15

I can see a lot of these are

8:17

probably going to 10x before too long. Or

8:19

when it's all said and done, not again,

8:21

not financial advice, never is. But it's just

8:23

there's so many of these as Bitcoin gets

8:25

up to over 100,000. And normally

8:27

what ends up happening is money goes into

8:29

Bitcoin. Then it kind of pours

8:31

out of Bitcoin a little bit and then goes

8:33

into some of these shit coins and the shit

8:36

coins do its thing. Money comes out of the

8:38

shit coins back into Bitcoin. That's what we kind

8:40

of see as the ebb and flow goes in

8:42

on the bull market. And then we see the

8:45

all time high of Bitcoin. And then the wheels

8:47

start to fall. I mean, really, it's not when

8:49

it hits the all time high, it's when it

8:51

hits its new ball time high. When is that?

8:54

We don't know. What is that going to be?

8:56

We don't know. We're hearing anywhere from 150,000. 250,000,

9:00

at least over 100,000. The rise of what we're hearing. I'm

9:05

going to put my completely non-educated

9:08

guess at 150,000. That's I'm going

9:10

to put you can mark that

9:13

right now. And that's what

9:15

I'm going to say. And I'm going to go

9:17

with the chart with the charts of totals from

9:19

the past, which is six months post

9:21

having that puts us, let's

9:23

say October, November, right

9:26

around there of 2024. I'd

9:29

say by early 2025,

9:31

if I haven't sold, then

9:34

I've made the same mistakes I've made in the past.

9:37

Well, what's interesting is, it's yeah,

9:40

well, because in 2017, that was the top

9:42

of the bull run right there in January

9:44

of 2018. So four

9:46

years after that, right? Yeah,

9:49

let's see what happens. Here we are in 2000.

9:52

And then the top of the next bull run

9:54

was what, 2022? 2021.

9:58

So the top of the bull run

10:00

should be 25 then right I mean well yeah 24 20 late

10:02

24 into 25 yeah right

10:07

if it follows the the same trends

10:09

and odds are it will because this

10:12

is math we're talking about here right

10:14

that's it Bitcoin cycles

10:17

are so much more predictable than

10:19

any other markets and

10:21

well I think it's gonna be a little this you know and

10:23

each time that we've hit one of these bull runs I was

10:25

like oh man this one seems a little different like the first

10:27

one in 2017 was like the

10:30

ICO craze and then ICOs and the

10:32

SEC started you know clamping down on

10:34

those and then that was really all

10:37

people were using their Ethereum for back in

10:39

the day was buying entities at these ICOs

10:41

right well then NFTs come along there's

10:43

a lot more places for people to spend

10:45

money a lot more on and off ramps

10:47

for banks right and in the last bull

10:49

run and so I thought wow with

10:51

the global economy teetering and being kind of weird

10:54

we could be seeing some really you

10:56

know this bull run could be different

10:58

but then the bull run hit it and it just fell off

11:00

the cliff just like it did in 2017 2018 right fell off

11:02

a cliff like next

11:06

thing you know it's down 40% you're like whoa

11:08

hold on we're gonna get a little rebound action

11:10

a little rebound and then boom done you're like

11:12

wow okay wow you got to get out quick

11:15

and so this one could

11:17

be a little different because some of our

11:19

news that we have here and I think

11:22

this might be a good time that are

11:24

to tap into this to this first article

11:26

Bitcoin and crypto to be measured at fair

11:28

value under the new FASB rules and you

11:31

go okay what is FSAB rules well those

11:33

are new rules that are set to go

11:35

in effect in December 2024 maybe near that

11:39

bull run kind of a but

11:42

what does this mean that is the

11:44

financial accounting standards board they announced new

11:46

rules that require companies to account

11:48

for cryptos like Bitcoin at fair

11:51

value what does this actually mean

11:53

this means that more companies are

11:55

going to be able to hold

11:58

cryptos and Bitcoin more easily nice

16:00

it was. They got rid of M13, those

16:02

big gang members and stuff and really kind

16:04

of policed that more

16:07

effectively than they had in the

16:09

past. So much corruption in a

16:11

lot of these Latin American countries

16:13

with the big drug cartels and

16:15

stuff. So hopefully they got that

16:17

under wraps and it's becoming a

16:19

more and more attractive potential location

16:21

for folks over time. And

16:24

of course the totally not corrupt

16:26

people in our own US government,

16:29

the ones that control the interest rates,

16:31

Jerome Powell at the Federal Reserve, they've

16:33

not touched the interest rates but one

16:35

of the reasons people think crypto has

16:38

been rallying is because they believe that

16:40

in 2024 rate cuts are

16:42

coming and that leads to a

16:45

bull market in both

16:47

crypto and stocks and commodities and

16:49

so on. There's more

16:51

money to go around when the

16:53

interest rates are lower. So we

16:55

will see what happens with this.

16:58

Yeah, to be determined. Also

17:00

up in the space here, Mr. Joe Com

17:03

and all of our great listeners, what

17:05

we're talking about. What about the

17:08

not great listeners? Like there's that

17:10

one guy somewhere in Kalamazoo, Michigan.

17:13

He's not great. Yeah, he's actually

17:15

he's doing. We know what you're

17:17

doing, sir. We know what

17:19

you're doing. That guy. You know who you are. You

17:21

know who you know. Right now he's like looking around.

17:23

He's going. Oh, man. Can they see

17:26

me? So

17:28

CFTC, they are pushing their

17:30

FTX inspired rule to protect

17:32

customers money. Now the SEC

17:36

wants what? $24 billion from

17:38

FTX and then FTX is like,

17:40

Hey man, we can't get our people the money

17:42

back because of all of this stuff. What's going

17:44

on. So the

17:46

commissioners of the CFTC have taken

17:48

a step to require derivative clearing

17:51

organizations to keep their money, their

17:53

customers money separate from their own

17:55

funds. Now that's a really novel

17:58

idea, Joel. Customer

18:00

funds from your own Wow like imagine

18:02

the government actually doing that like they

18:04

talk about social security as though There's

18:06

actually a pool for social security And

18:09

guess what folks it doesn't exist. There is

18:11

no pool for social security. They're paying it

18:13

They put it in the budget and they

18:15

pay it out of wherever they can print

18:18

the money from It

18:20

doesn't exist. So it's kind of funny that

18:22

the government saying you should really separate, you

18:24

know, the funds here And we're

18:26

ready but not for me, you know,

18:28

they really went after by Nance and

18:30

CZ. He's not allowed to leave the

18:33

states They're waiting on sentencing For

18:35

him for this crime that he

18:37

allegedly committed, but now they want

18:41

Finance to admit to

18:43

wrongdoing they want to

18:47

Have a guilty plea and

18:49

I'm not sure that that they're going to do

18:51

that And I'm not sure how

18:53

that affects the sentencing either Well,

18:56

they've been accused of 13 security

18:58

law violations Including that

19:00

CZ had managed some customer assets on by

19:02

Nance by us But I tell you it

19:04

seems to me, you know by Nance

19:06

did everything to kind of separate stuff They

19:08

basically even made by Nance dot us. It's

19:10

not part of finance calm I

19:13

can't even log into finance calm where everybody

19:15

else in the world is so they've

19:17

already Segregated it and look what a pain in

19:19

the ass America is when it comes to dealing

19:21

with this Companies are like dude, why do

19:24

I even want to deal with America? Oh, well, you got

19:26

300 plus million people here who

19:28

potentially want to use crypto, but you got

19:30

seven point something billion people All over the rest of

19:32

the world. It's gonna come to a point where these

19:34

companies like, you know What I'm just not doing business

19:37

at all with America, right? We're going we're going elsewhere

19:40

Kind of like Richard Hart did I

19:42

guess he he went to Finland and I

19:44

have to click this article to see

19:46

what this Says here the SEC has served

19:48

a suit to Richard Hart in Finland

19:51

but through process servers because they've not

19:53

had any luck. I was not aware

19:55

of this They're

19:58

going as he see is what

22:00

this is saying is that Warren's bill

22:02

would effectively outlaw crypto in America. So,

22:06

but Warren doesn't usually get bills passed.

22:08

Typically, she's not had a very good

22:10

success rate. So hopefully that doesn't work.

22:12

But I would say this is if

22:14

those 19 senators who are backing the

22:16

legislation, if one of those senators is

22:18

yours, reach out to them and say,

22:21

Hey, that sucks. Let's get intelligent

22:23

regulation. Cause if not, America is going

22:25

to be, you know, a ghost town

22:27

down the road when it comes to

22:30

technology and innovation, you can't be an

22:32

idiot. Elizabeth Warren, any more of an

22:34

idiot than you are. It's too late.

22:36

She raised, look at this byline, this

22:38

sub headline here, crypto terrorism links sexed

22:41

up. What does that

22:43

even mean? What

22:47

does that mean? Crypto terrorism

22:49

links sexed up. What

22:52

do you think of the links between crypto and terrorism?

22:54

Oh, they're sexed up. What? Wow.

22:58

That's like a 1990s good. I

23:00

want to set you up. So

23:03

somebody has got to be a really

23:05

old person. I mean, who writes that? That

23:07

is so the report shows that the

23:10

authors admit that is unclear exactly

23:12

how much of the stolen crypto

23:14

ends up directly financing ballistic missile

23:16

launches. And what does

23:18

that even mean? What sex and up

23:20

anything? I don't really, they say wiring

23:22

money is just as easy for this

23:24

criminal or cartel out there. This, but

23:26

they're trying to demonize crypto like they

23:28

always do. They don't like it. So

23:31

they want to demonize it because it's

23:33

not their medium of choice. And I get,

23:35

I would bet money that Elizabeth

23:37

Warren hasn't even invested any in

23:39

crypto. Doesn't understand how it

23:41

works. But yet she's so self-righteous. She

23:43

wants to write a law about it.

23:45

She's in, she's worth hundreds of millions

23:48

of dollars also. Yeah.

23:51

Nothing to see here, folks. Obviously nothing to see,

23:53

you know, on a congressional salary of what, $200,000

23:55

a year. Of course, it makes sense

23:58

that you would put three more. The

26:00

capability to see them in action. Take a

26:02

look south on x. Irrigate.

26:04

So what you're seeing here. They

26:06

made it look like they're typing

26:09

a prompt and that Gemini is

26:11

actually drawing as so the hand

26:13

is just to demonstrate. You know

26:15

this is it's drawing as your

26:17

corny the I. But they actually

26:19

edited this video. And they

26:22

are. They made it look like

26:24

it was real and they got

26:26

busted people detected at it somehow

26:28

because some people are really smart

26:31

and they said that this is

26:33

this is a misrepresentation. Of.

26:36

What's. Actually happening. That's funny. I we

26:38

just gonna power surge here in Porto

26:40

Rico so my screen went black for

26:42

a second but thanks to my backup

26:44

battery it very quirky for the even

26:46

notice it on your streamers is like

26:48

a little bit like a little what

26:51

he does. The only thing that goes

26:53

off because we have backup battery. So

26:55

people that don't have backup battery they

26:57

have gas generators rights of the power

26:59

goes out completely and then the generator

27:01

kicks in. But if you've got a

27:03

backup battery like we have the power

27:05

just flows. Through it all the time. So

27:08

the only thing that goes out is my

27:10

air conditioning which is is out right now.

27:12

but all the rest of my power including

27:14

my internet there wasn't even a a you

27:16

know does that quick little glitch. Nothing went

27:18

out. So anyway, you can

27:20

see right there. Have you want

27:22

to read more about this particular

27:25

story or any of the stories

27:27

that were covering in this week's

27:29

episode Skirt A Bad Code.i and

27:31

Forward/seven Oh Five and you will

27:33

find links to them. Your especially

27:35

going to want to follow this

27:38

story right here, Sir Lord Travis,

27:40

because apparently what's popular right now

27:42

is undressing women. That's never been

27:44

a thing. Or. Right?

27:46

Remain calm and I know you're ever these comic books

27:48

back of a day you look at the back page

27:51

and be like always cool gadgets you could get like

27:53

look at of x ray vision. Are you

27:55

do x ray vision goggles that you could buy

27:57

for like three dollars? right? I

27:59

almost. I need these x-ray visions because I

28:02

you know, we need to see what's going

28:04

on Well now so there's an

28:06

app called new defy right new defy

28:08

apps These are using AI and they're

28:11

not just undressing women there. I say

28:13

I saw this yesterday It

28:15

was a new I think Matt wolf tweeted it

28:17

out and it was a Own

28:20

camera where you take a picture of somebody and

28:22

then it uses AI to see

28:24

like what you look like underneath it Including

28:27

the twigs and berries, right? So it's

28:29

wild like whoa And so there's been

28:31

a lot of kids who have been

28:34

in like high school who have been

28:36

using AI like stable diffusion Models on

28:38

their computer to basically recreate an image

28:40

of of their friends like oh look

28:42

at Julie and Our

28:45

in our fourth hour class right and they would

28:47

take pictures of her of that person and then

28:49

make fake news And so people

28:51

got suspended on that. So this is like

28:54

deep deep fake pornography is Really

28:56

crazy and I don't think they have

28:58

a handle on on this yet because

29:00

a lot of that stuff looks pretty

29:02

realistic I mean here it is new

29:04

defy dot site undress anyone in seconds.

29:06

Your x-ray vision is here undress

29:09

now So

29:11

I'm sure it's gonna make me register to to

29:15

actually do this. But who do you want to

29:17

undress Trav? Well

29:22

personally Jessica alba

29:24

always loved her but we don't

29:26

have to get her naked. I just seems rude. I don't even want

29:30

Thank you for not volunteering me that's what I

29:33

was gonna say here if you could tell it's

29:35

really busy too because it takes a while See

29:37

you don't even have to register. We're gonna test

29:39

this offline gang. We're not gonna test it right

29:41

here Because we

29:43

have great respect for our followers

29:46

and our listeners, but you can go try

29:49

it yourself and See, you know what would

29:51

be interesting is like if you were to

29:54

Do it for somebody that you have

29:56

seen nude to see how accurate is

29:59

this, right? Did

30:01

they get the tatas right or not? The

30:03

ones that I've seen, the one that they

30:05

showed the other day, it was like everybody

30:07

ended up having like, they were massively ripped,

30:10

great abs. And so it's almost like,

30:12

thank you, AI, for you thinking that this

30:15

giant roll is here are abs. They're

30:17

not, but thank you for that. And

30:20

thank you for tuning

30:22

in, for being with us on this

30:24

journey. We are coming out. The winter

30:26

has ended. The spring thaw is here.

30:30

And I'm not saying that we've got, you know,

30:32

that it's going to be straight up. We're still

30:34

on a ride. We're still four months out from

30:36

the halving. And typically we

30:38

do see movement up towards, and

30:40

then the real movement after the

30:43

halving with highs happening about six

30:45

months post halving. We have some

30:47

interesting things happen though that could

30:50

drive this market more furious

30:53

and faster, not to be confused with

30:55

the horrible film series that they will

30:57

be releasing episode number 953 soon. And

31:02

that is the SEC approval of these ETFs. We

31:11

think that that's coming perhaps in January.

31:14

And who knows what else we're going to see

31:16

that brings us around the corner on this pathway

31:18

to mainstream adoption. All we can tell you is

31:20

that we are here for it. Six

31:22

and a half years. We'll be celebrating

31:25

seven years in July. And

31:27

Sir, Lord Travis, what a ride it's been. For

31:29

sure. And I mean, this, this, you

31:32

know, when you look at history often rhymes, right? It

31:36

doesn't always repeat, but it often rhymes.

31:39

And so we're looking at this one. And

31:41

I think, you know, when we look at

31:43

last bull run in March of 2020 was

31:46

such an anomaly with COVID and it just

31:48

did its own little massive dip where it

31:50

hadn't done that in previous bull runs. So

31:53

I don't expect a huge massive dip in this

31:55

one unless we see some other Crazy,

31:57

you know, thing launched upon us.

32:00

But hopefully you know we're we're this keeps

32:02

truck and word or going to see ups

32:04

and downs is that we're in We're going

32:07

to do you know at least one show

32:09

every week for you guys as we move

32:11

forward as we had of things going on

32:13

that were built now working on but our

32:16

sided about this we're going to stay with

32:18

you guys keep rocking on is crazy journey

32:20

and give you are inside so on the

32:22

way Rams is over absolutely we present you

32:25

Please do go review Five stars his own

32:27

appreciated humor more free says his own the

32:29

next. Around and say.

32:51

The Bad Crypto Podcast is a

32:53

production of Bad Crypto, Llc. The

32:55

content of the show, the videos,

32:57

and the website is provided for

32:59

educational, informational, and entertainment purposes only.

33:02

So it's not intended to be

33:04

and does not constitute financial investment

33:06

or trading advice of any kind.

33:08

You shouldn't make any decisions as

33:10

to finances, investing, trading, or anything

33:12

else based on this information without

33:14

undertaking independent due diligence in consultation

33:16

with a professional financial advisors. Please

33:19

understand that the trading of Bitcoins.

33:21

And alternative crypto currencies have potential

33:23

risks involved. Anyone wishing to invest

33:25

in any of the currencies are

33:28

tokens mentioned on this podcast Suffer

33:30

seek their own independent, professional financial

33:32

advisor. What the heck

33:35

Tram? are you know what? I've got a

33:37

picture of you right here. Odds at yeah

33:39

I'd I do. I have your picture, id

33:41

or nine and Alex it's just an upper

33:44

body says a really nice picture of you

33:46

Buy that you? Yeah, you're wearing a jacket

33:48

and everything. It's the site moves really slow

33:50

be I assume because a ton of people

33:53

are are and dressing people. There's that there's

33:55

that guy that's been stalking. you know this

33:57

woman. And really wants know so. Let

34:00

me show everybody the the picture. That

34:02

that I'm and uploads you won't be able to

34:05

see it from there. So this is a very

34:07

handsome. Sutent. For your that guy

34:09

very dapper area that I'm are you okay

34:11

with us cuz I'm going to do this

34:13

and a drag advisor give me an extra

34:16

long payments as area. There it is I'm

34:18

a drag and drop or right there were

34:20

acts like go oh I gotta provide concerns

34:22

you concerns right? A high as

34:24

the bars. Okay, I

34:27

says go take a few minutes so

34:29

we're going to pause here until we

34:31

see what it is. I.

34:36

Travis, it's back. Your your idiocy

34:38

this. On. Of go on the

34:40

South Guess I think it's really accurate

34:42

to say that. Ah

34:45

ah. Ah ah

34:47

ah ah ah. Ah, Wow

34:51

wow we're keep mixture of harm we

34:53

are. Simply say I'm bad with that

34:55

Were on ran maybe urges world you

34:57

don't stick around for that.