Bitcoin’s Next Move Comes Down to the Fed? | Trading The Market: September 16, 2026

Bijan Maleki and Kris Bullock break down the crypto market just ahead of today’s critical FOMC decision, with traders bracing for a potential rate hike and another major test for Bitcoin and risk assets. They run through the charts to identify which tokens continue to show relative strength, which are consolidating, and which are beginning to roll over as the market waits for its next major catalyst. Plus, they take live questions from Real Vision members. 👉 Have a question for Kris? Join the live show every Wednesday at 1pm ET in the RV Discord. Register here: https://discord.gg/FTQsrUhD9Z. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Learn more about your ad choices. Visit podcastchoices.com/adchoices

• 0:06Speaker 00

  Happy Wednesday, everyone, and welcome back to another edition of Trading the Markets. I'm Bijan Maleki, and of course, we're joined by Chris Bullock, aka Blastoplast. And we have another, we have a guest for you today. So for those of you that tuned in last week to the world according to AI, you will have, uh, have met Ryan. Or if you were in our Discord already, you already know Ryan. He goes by Chamber of X in our Discord. He's joining us today as well. Well, you know, just join us on the show, chat it up a bit, talk a little bit about risk management in trading. And just, you know, share his insights, because, um, if you've been, like I said, if you've been in the Discord,

• 0:49Speaker 00

  you know that Ryan is all over it and always chatting us up and talking about trades and risk management and a whole bunch of things. So we'll get into all of that today, but we've got a good show for you guys today, or maybe not so good, depending on how, uh, how much you put weight into the Clarity Act being passed. But we're going to talk about that. We're going to talk about a little bit of the FOMC as well. Chris is going to talk about some different outcomes that he could see crypto going. And then we're going to talk about some, some assets as well. So Chris, without further ado, take it over, my friend.

• 1:29Speaker 01

  Yeah, yeah. So, uh, yeah, let's just, uh, just jump off right out of the gate with the clarity, since that was yesterday. That was the big thing. We, we thought maybe earlier in the week, we saw some rumblings that there was, it looked like it might pass. I think on Polymarket and stuff, it got up to a 30% chance. Um, and then it was quickly, of course, uh, you know, killed. So where does that leave us?

• 1:54Speaker 01

  I, I think the big point that I want to make is while clarity passing would have been an upside catalyst, uh, it's, it's not actually the foundation of the crypto bull market as it stands right now. Like, we're not all, we're not all buying Bitcoin right now because of what's going on with the Clarity Act. Uh, you know, it's, there's all kinds of other things happening right now that are the bullish case for Bitcoin and for, for crypto at large. And yeah, the Clarity Act would have been a nice boost, but none of that has to do with what's going on with the Clarity Act. Also, the Clarity Act technically isn't technically dead. It's just kind of on pause right now. It failed the, the, the motion to advance, you know, debate on the Senate floor. But it's still there and it's, it still exists.

• 2:38Speaker 01

  It still can resurface, it can come back. I don't know that it will, but it can. The other big thing that I think is important to highlight is that in the meantime, uh, both the SEC and the CFTC are already in the process of rulemaking, uh, and are effectively going to implement much of what the Clarity Act would have brought. Not all of it, but, but a lot of it, you know, things like, uh, market structure, things like regular, uh, regulation, things like fundraising. Um, you know, things like, uh, allowing certain assets to be traded on regular brokerages, uh, you know, tokenized stocks, kind of all of that stuff.

• 3:16Speaker 01

  They're in the process of building out rules to, um, effectively, you know, implement the Clarity Act as much as they possibly can in the short term. And that's already underway, like wheels are already in motion for that to happen. Now, the big, of course, takeaway from that is that's just rulemaking and that's, that's subject to change. That's not like codified into law. So as soon as this administration leaves and the next administration comes in, if they're, you know, ideologically opposed to whatever has been implemented, they of course can put in a new SEC commissioner, who then will then reverse all of that stuff. So that's the problem. But my, my kind of hope is that they'll get some of these rules going. We'll start to get some, some like, uh, momentum built from whatever these implementations, you know, create.

• 4:00Speaker 01

  And we'll start to get some things kind of entrenched to where, sure, it's not codified into law, but it's still like, oh, actually this turned out to be a good idea. And maybe the next administration, regardless of which side of the aisle they're on, might go, yeah, okay, let's, let's keep that rolling. This turned out to be okay. Hopefully, we'll see. So it's not as good, but also Clarity Act could come back up. It could come back up in the next legislative session. Who knows? You know, it's all up in the air, but the point being, um, it's not the thing that we're all working off of. And two, there's, again, there's rulemaking in place that will help things in the meantime. So I'm not, I don't really care about the Clarity Act right now, frankly. I think like we can all move on because there's much more important things going on that are the actual real catalysts

• 4:45Speaker 01

  for Bitcoin and crypto and everything else right now. And that's kind of what's going on with the FOMC and with interest rates and bond yields and, and then the larger macro space. That's really what is the crypto catalyst right now, and that's what is more important. And so I briefly want to go through, I think my three most,

• 5:07Speaker 01

  most likely outcomes, one of them certainly more likely than the other two, but talk about three potential scenarios rather, that I think are going to come from today's FOMC meeting and what I see Bitcoin and crypto doing based off of those outcomes. And so probably the most likely scenario, like the highest probability scenario, I'll say. And what would be the cleanest outcome would be a 25 basis point hike. And for WASH to come on and just kind of say, here, here we are, you know, this is going to be all it is and everything is fine. And let's just kind of move forward and not sort of talk about potentially additional hikes coming down the road, you know?

• 5:47Speaker 01

  Um, and, and so what I would look for is bond yields to start coming out, long end bond yields to start coming down based off of that. And I, and again, I think because a hike is priced in at this point, it is the most likely scenario. It is the highest probability scenario. I think if he doesn't do anything, if he doesn't hike, that would actually be short-term negative. That would cause a lot of volatility because that would be completely counter to what the market is, is expecting and completely counter to what is priced in. So when something that doesn't happen that is priced in, suddenly it needs to get repriced. So we would see a lot of volatility in pretty much all risk assets, I think, across the board.

• 6:23Speaker 01

  However, I do think that even if he doesn't raise today, that really actually strengthens, strengthens to me the long-term debasement thesis. In the end, because that sort of tells me that they're, they're fighting the, the, the bond vigilantes, if you will. They're, the, the government is trying to sort of throw money at the situation and, um, challenge everybody. And, and so it's going to kind of, again, kind of remove credibility from, I think, the way the government is approaching this monetary policy and give more credibility to the debasement thesis. So in the end, that will be long-term bullish for Bitcoin. Um, the other scenario is, like I said, kind of, if he comes out and hikes, but says, this is the first, this is going to be the first of multiple hikes.

• 7:06Speaker 01

  That also is going to kind of throw the, the market out of whack a little bit. I think a lot of people are going to react adversarily to that. There will be some, a lot of volatility from that. But again, I think that will ultimately be short-term as well. And also it too will strengthen the long-term debasement thesis, uh, from a slightly different mechanism. But really the big thing here is, one way or another, all roads kind of lead back to Bitcoin. Whether it's, uh, you know, a hike and just a one and done, you know, and we can kind of move on. I think, again, that will be the easiest scenario. That'll be the cleanest bullish outcome for me. I think we'll see a bump. And then two, you know, a hike, but additional hikes or no hike is the other two scenarios.

• 7:47Speaker 01

  And there I see short-term volatility, longer-term bull case for, for Bitcoin and crypto. I think it's worth pointing out, though, the, the, the case for Bitcoin is different than the case for the rest of crypto. The case for Bitcoin is the debasement trade. The rest of crypto is a little bit more maybe influenced by the clarity stuff, a little bit more influenced by the SEC, CFTC rulemaking. And they will have different, uh, catalysts, different things that will impact their, their marketability. So Bitcoin is clean. It's just the debasement trade, easy, like Bitcoin and gold are sort of its own thing over here, you know? And then you've got the rest of crypto kind of in a separate category.

• 8:27Speaker 01

  And so to be clear, what I'll be looking for, the, the signal for all of this is what do bond yields do? And particularly the 10-year and the 30-year, which are these two bottom charts down here on this, the screen here. So we want to see both the 10-year and the 30-year come down regardless of whatever WASH does and whatever the FOMC does today. If we see bond yields coming down, that tells, long end bond yields specifically, that tells us that the market is reacting favorably to whatever it is that, that they're, that they're throwing at this. If we see that, we'll see upside, I think, in risk assets. So keep your, keep your charts tuned on those two things, on the, the 10-year and the 30-year for this afternoon.

• 9:08Speaker 01

  Uh, you know, and listen to what, uh, what happens in the, both the, both, of course, the, the number change itself and what WASH says. Uh, if he hints at additional rate hikes, which honestly, I'll be a little surprised to see because he's kind of made a point to say, I'm not going to issue any kind of forward guidance. So it would be sort of counterintuitive for him to say that and then come out and say, we're going to do a series of rate hikes, you know? That doesn't, that doesn't sort of add up to me, but we don't know. So, uh, hopefully that kind of gives some clarity on what I'm seeing right now in terms of, well, the Clarity Act and the, the, uh, rate situation and what I see kind of unfolding today. So from there, we can get in and look at some charts, see what's rolled over, see what's showing relative strength, what's doing well, what isn't. And, and yeah, that's what I got, though.

• 9:55Speaker 00

  Fantastic. Yeah, FOMC comes, uh, it's gonna be the, it's gonna be right after this show today.

• 10:01Speaker 01

  Yeah.

• 10:02Speaker 00

  Uh, actually, and you guys can check it out, uh, on, on the Real Vision in the data center under calendar, it shows you a list of all like available upcoming important dates. And then you can even click on the specific date and then you can see right here, it says Fed Rate Decision 2:00 PM, tells you what the forecast is, tells you what the previous was as well. So pretty cool. Check it out if you need, uh, need any information. Yeah, Chris, let's dive into some stuff here. Um, and Chamber, uh, Ryan, you can feel free to like hop in whenever and provide any insight. Don't feel like, you know, you have to stay on mute or anything like that. You're on the show with us. You're the third, you're the third horse, I guess, in the three

• 10:44Speaker 00

  horsemen of this show now. Um, but Chris, let's take a look at, I want to take a look at ETH first because Jamie had a very, very interesting note about ETF inflows on ETH that they're now running 30x new supply issued, uh, which is insane. And the flow intensity right now is three times that of Bitcoin ETFs, um, which is pretty crazy. So yeah, let's see what's going on here.

• 11:13Speaker 01

  Um, that's interesting. So that made me want to pull up this, this ETF flow chart here first and take a look at it. And, uh, yeah, so year to date Bitcoin is actually net negative. It's minus, uh, 2.2 billion. So net outflows, uh, for Bitcoin on the year, whereas Ethereum is actually has a net inflow, a net positive inflow of 586 million. Also just kind of looking at the, the recent, the recent period, um, ETH looks really good. Now it's having the same kind of down days as Bitcoin is, but not, not to the same degree. Like we've had a, actually yesterday was pretty ugly for Bitcoin, minus 450 for Ethereum, you know, only, only minus 44. Obviously it's a smaller scale to begin with, but, uh, yeah, that, that this supports

• 11:56Speaker 01

  what you're saying. Ethereum actually looks really good relative to Bitcoin, especially uh, as far as ETF flows go. So, um, yeah, I like that. Now let's look at the chart. Ethereum also is holding up better than Bitcoin. Actually, let's look at the ETH Bitcoin chart specifically.

• 12:13Speaker 01

  Cause we've been kind of poking at that here and there. And, um, yeah, so this is a chart. You've seen me pull up a, a number of times talking about how Ethereum has been in this sort of just ugly, ugly, you know, perpetual downtrend against Bitcoin ever since it, uh, migrated to proof of stake back in 2022. But it is breaking out. I mean, it is actually, if we kind of zoom in here a little bit, you know, it has reversed, at least on the weekly timeframe, it has reversed this downtrend. Um, and it is in a new weekly uptrend, you know, on the 20 week. I'm curious to, let me throw in like the 200 day. Yeah, it's above

• 12:52Speaker 01

  the 200 day moving average also against Bitcoins. So we've got a shift in structure here. Um, how long it lasts remains to be seen. I still, I think I said this in last week's show. I really want to see it start to set higher highs. Now we did break above the first level here at whatever, 031, and we've kind of cemented that. Now we've got one more level up at around 035. I think if we can really, if we can get above this, um, that's going to be a, you know, a notable change for me. That's going to be like, okay, we're actually in a decent uptrend at this point against Bitcoin for several weeks in a row now, even months in a row now at this point. So it's time to pay attention to ETH. I mean, you could argue that's the case already, even on the weekly timeframe and, and given the 200 day moving

• 13:36Speaker 01

  average as well. So yeah, um, ETH is the play, I think, against Bitcoin in the moment, uh, which I'd like, I'd like to see. And I, I know I've talked about a lot in the past, how I don't really value ETH all that highly just because of the, the tokenomics, because you don't, you know, you don't get rewarded for holding ETH and because of the fee structure. And we've seen that. I mean, this is what, why this, this downtrend has played out against Bitcoin. But there's a lot of people that talk about network effects and how Ethereum is just going to be the, the big thing for where all of this tokenized, uh, equities is going and where the, you know, the security layer for the future of AI and agentic AI and all of this stuff, you know? And I get there's something to that. The problem is for me personally,

• 14:19Speaker 01

  I haven't figured out how to value that yet. And I don't think a lot of people have. So I think what we're seeing is just, this is kind of speculative price action because we don't really know how to value that yet. But that's okay. I mean, all of crypto for the most part is speculative price action. So if this wants to run for months, uh, you know, ride it. I mean, that's what we do. That's what, that's how you, that's how you trade crypto. So, um, take what the chart's giving you. And right now it's giving us, uh, ETH is, is on the up against Bitcoin and, and most other things too. So let's, uh, take what the defense gives us, as they say in sports.

• 14:53Speaker 00

  Absolutely. Football season just came back. So that's a very important saying right now. But Chris, a question, because we've talked about this before, especially with like ETH dominance, you know, surpassing that of Bitcoin's dominance and what that signals for the greater, I guess, alt season or just, you know, the alt coins in general, ETH leading the charge is generally a good sign for, for those riskier assets. Do you still see it that way? Or do you think something has, has kind of changed where maybe that's not the canary in the coal mine that we, we've, so we've, uh, come to realize with it?

• 15:29Speaker 01

  I think in a general sense, that does make sense, but I do think that the alt market needs to be, you know, we talked about this, the alt market isn't just everything is going to go up because ETH is going up. I think we need to sort of eliminate that notion from our minds and know that the, the alts that are going to outperform are those alts that we talk about every week, you know, the ones that, the ones that make money, the ones that accrue it back to the token holders, the ones that have real sort of product market fits outside of crypto even in the real world, you know, those are the ones that continually lead the pack. Um, or occasionally a meme coin or some random something or other comes along. But like outside of that, the ones with real staying power that work their way up to the top of the market cap rankings and stay there are the ones that are making

• 16:12Speaker 01

  real money and are real successful businesses. And so I think the old, um, adage of just, you know, if, if ETH goes up, everything's going to go up. It doesn't matter where you throw your money at. You can be the worst trader in the world and still make money. I don't know that that's the case anymore. So it's a little more nuanced than that, I think at this point. So kind of just keep that in your mind and don't just, oh, ETH is running and I can put my money in everything that's been tanking for the last three years and know that it'll turn around and I'll do well. That's no, you know?

• 16:43Speaker 00

  That's a losing far. Ryan, what about you? Are you, are you an ETH guy? Or how do you think about ETH in the grand scheme of things?

• 16:50Speaker 02

  Yeah. Um, I mean, I think it has a lot of tailwinds, uh, currently with, I mean, the, the, I mean, just the tokenization of securities in general. Um, I mean, I think this has kind of been the thesis for a while. Once that started kicking off, ETH would kind of start to see the limelight again. I think that's kind of what we're seeing right now. Um, I mean, I don't think the tokenization of stocks is going to go away. I think it's only going to get more and more cannibalize more and more of the, the TradFi markets over time. I mean, I think it's an interesting thing. You see like, um, just following up like the Vlad from the CEO of Robinhood and his interactions. And I think it's their

• 17:30Speaker 02

  chief legal officer, um, kind of going back and forth, um, about like the tokenization of stocks with CEOs of TradFi companies that are like mad about it. And it's, it's just a entertaining dynamic to watch. Um, but the fact that they're sticking up for it so much and going to bat really to me says a lot about like where we are at in, in like the prog process of that transition. So, um, I think when you have like CEOs of major exchanges, you know, kind of going to bat for tokenization, I think that goes a long ways. Um, obviously they have incentives to do it because they're making tons of fees off of it. But, um, you also have, you know, Larry Fink's talking about it and has been talking about it for,

• 18:15Speaker 02

  you know, a year. So, um, I think it's only going to pick up steam and I think that does, um, really bode well for, for the general market overall. But I do agree with Chris, like it's not a throw money at the wall and see what sticks kind of thing anymore. Um, you know, I think relative strength and paying attention to, like you said, what's actually making money, you know, tracking fees and stuff, um, is probably becoming more and more relevant. I actually saw a pretty interesting post this morning about ETH, um, related to on-chain options. I don't know if you guys have, have you guys looked into this much?

• 18:47Speaker 00

  No.

• 18:48Speaker 01

  I just saw the post you shared, but that was it. Yeah.

• 18:50Speaker 02

  Yeah. So it's pretty cool. I'll, um, if you want me to, I could share my screen real quick. Um, but you would have to come off real quick. But anyways, there's a, I can just, let me just put the post in the chat. I'll do that. It might be easier. Um, but if anyone wants to check it out, um, it's basically a post, um, on X of someone just kind of outlet outlining how they're playing ETH to get exposure to a big run on it using on-chain options, which I really didn't know was that big of a thing. I mean, I think there was one, and I'm trying to remember the name, but I'm totally blanking on it. There was one kind of options firm that you could get on, you know, exposure

• 19:32Speaker 02

  to ETH and stuff like that, but it wasn't truly on-chain. Uh, but now this seems like, and so the, the company is, I think I have it right, derive.xyz, um, apparently has like a full suite of on-chain options. Now I kind of just started digging into it this morning a little bit before the show. Um, but you, you were talking about risk management earlier and now we're talking about ETH and I think it's a, it was a good segue. He, he kind of that post, he goes into detailing how they're using options to significantly limit downside. And I think it's something that all of us should start considering because if you just look at the math, it's hard to ignore why you would use perps when there's

• 20:15Speaker 02

  options available in a lot of scenarios. I mean, there's, there's definitely situations where you don't want to use options, but if you're taking a longer term bet, um, you know, I think options, you should be looking at it as a way to limit downside.

• 20:31Speaker 01

  Totally agree. So while we're talking about Drive, sorry, real quick. Drive is ripping today. It's up almost 30%.

• 20:39Speaker 02

  Yep.

• 20:41Speaker 01

  Yeah.

• 20:42Speaker 00

  Wow.

• 20:42Speaker 02

  Yeah. Yeah, I mean, I think it's gonna, it's gonna, I didn't even, I mean, it's been around since March. I had no clue. Like, it was the first time I've seen anything about it was that post on X, but I was like, I gotta look into this more. This looks interesting. You know, because he's outlaying less than he would pay in funding fees for the duration of the trade if he held it through perps. So he has less risk on the table than just than what he would be outlaying in funding fees, let alone what he would have to put up as collateral on a perps trade. So it's pretty attractive from like a capital efficiency standpoint and risk management. I mean, you're, when you can put on a trade for one to 70 upside versus one to, you know,

• 21:24Speaker 02

  even one to 10, it's obviously, you know, and the upside is still the same target. That becomes a very attractive setup to me.

• 21:35Speaker 00

  Yeah, thanks for that.

• 21:37Speaker 02

  I think he through overall is, is pretty strong.

• 21:41Speaker 00

  Yeah, just want to throw a reminder, Chaos3, thanks for that. Jamie did a deep dive on Drive and actually hosted the co-founder and CEO of Drive back on May 27th. That interview's on Pro, but definitely check it out if you, if you are a Pro member for, for more insight on that. It's up 30%. It's pretty, pretty awesome. Chris, I see, and I see you have the derived chart up now as well. So why don't we dive into it?

• 22:09Speaker 01

  Yeah, it's funny. Jamie is actually who told me about it too. We were on a call and he's like, you gotta check out derive and he, he put it on my radar and I've had it, you know, on my watch list ever since and it's just been, I mean, yeah, it's been one of the better trades, you know, in all of crypto really since April or May of this year. I mean, it's just been in a steady uptrend and it's, it's continuing to go and if they can get a solid options market, I think in place, like Ryan was talking about with, with deep liquidity and, you know, I think that that will make it a premier venue. I think we need options in crypto more so than we've had. I mean, we have it in, in some centralized jurisdictions, but like it's,

• 22:47Speaker 01

  it's really choppy. It's really fragmented. Not a lot of people can use it. Not all people do use it. And so if we could get something akin to hyper liquid on chain, but with options, I think that that would be a massive, you know, player in the space and maybe, maybe derive is that. So, um, yeah, I'm all for that.

• 23:07Speaker 00

  Speaking of hyper liquid, you did want to talk, I know you wanted to talk about, cause they've been in the news. They've got something really bullish on the horizon coming up. So what's going on there?

• 23:17Speaker 01

  So I kind of hinted at this is that it was, it was kind of looking like it maybe was in the works, but finally, uh, so Payward, Payward, Payward is the owner, uh, the, the parent company of, of Kraken, the Kraken exchange. They put out an official announcement today saying that they were going to deploy on chain perps in the US for US markets, uh, I think, starting in January, you know, using with hyper liquids, uh, hip three markets, basically. And so what they're doing, that's big actually. So what they're doing is instead of hyper liquid trying to do all, jump through all the regulatory hoops to sort of get approved to operate on its own, under the hyper liquid name in the US.

• 23:57Speaker 01

  They're kind of just like licensing out their, their backend, you know, their execution environment, their order book, their liquidity environment to larger regulated US exchanges that can build a, an interface or like a front end over the top of it. So that people that are already on Kraken, that are approved to trade futures on Kraken can just sort of have direct access to hyper liquids, underlying technology without even needing to use hyper liquid or go on chain or mess with your wallets or any of that stuff. You can just open up your Kraken account, trade perps on Kraken, and it's going to use hyper liquid as the, the backend. And I think that that's what we're going to see more so going forward.

• 24:37Speaker 01

  Is I won't be surprised to see if hyper liquid does this with additional US-based exchanges, you know, maybe Gemini, maybe Coinbase, whatever, where they're going to roll out a perp product and it's going to be hyper liquid on the backend and hyper liquid is going to evolve from being this destination unto itself to just like a sort of white label, uh, you know, execution environment sort of that exists on chain that can lease themselves to whatever regulated, regulated exchange out there and that exchange will just build out a fancy user interface and you can just go onto your account and trade all your stuff. And it's going to be all hyper liquid on the backend, but hyper liquid is of course going to benefit from all of the fee activity, from all the user activity, all of the transactions.

• 25:21Speaker 01

  So that's going to benefit hyper liquid no matter what. And it's an easy way for them to just kind of enter the US market kind of on the fly, under the scene, behind the scenes, whatever, and not have to, again, go through all these hoops to become licensed on their own. I think it's amazing. I think it's fabulous and, um, I think it's, it's good for everybody. It's good for the US exchanges. It's good for hyper liquid. Um, yeah. All of it.

• 25:47Speaker 00

  I think it's incredible for hyper liquid. They just, what they had like three revenue streams, like all adding to their token and treasury. And now they just added a fourth. Arguably the biggest one of them all, because if you can lock into Kraken's backend and like Coinbase's backend, you have like, I don't even know what their market share of the crypto is combined with this activity going on in hyper liquid. That's like, that is a really good sign for the future of hyper liquid. And like you said, Chris, I, I think it takes away the, the risk of them not being right, or like not being allowed to come into the US market because do they even need to at that point?

• 26:27Speaker 01

  Right. I mean, effectively they are. And it just, it eliminates a lot of the, the friction, you know, because even if you are in a approved jurisdiction to use hyper liquid right now, it's clunky. I mean, you have to be, uh, you know, a experienced crypto, you know, not in some, whatever insider. User, you know, you have to know how to transact on chain. You have to know how to move your money from different chains to chain. I don't, I can't tell you how many Real Vision users that we know of that had trouble even getting to it, you know, let alone using it, let alone it's, it's, it's not impossible, but there is a steep learning curve, especially for people who are new to crypto, you know?

• 27:07Speaker 01

  And so to eliminate all of that friction and just be like, I can log into Kraken and trade perps and I don't have to even know what coin or hyper liquid even is, you know? That's cool. And so, yeah.

• 27:18Speaker 00

  Yeah. And plus I think a lot of people like the, I don't know if this is the best word to use, but they like the safety or the peace of mind that they get from a centralized exchange, like a Kraken and Coinbase as opposed to decentralized. So that also I feel like helps just the men, the psychology of it.

• 27:38Speaker 02

  Right. Yeah, definitely. Huge. I mean, I think the friction is the biggest point, like compare using hyper liquid to like going on your Robin Hood app and swiping three times to like get into a position. It's, it's totally different.

• 27:50Speaker 01

  Yeah.

• 27:52Speaker 02

  Um, I mean, the frick, the frick, removing the friction, I think will do worlds of good for hyper liquid. I mean, it's already an amazing platform. It has tons of users and tons of revenue, but I think this is gonna take it to like a whole nother level. I think like Bijan said, like this is probably the biggest development, you know, of theirs, other than just like launching hyper liquid, but like of that I've tracked since they've been out. I mean, this seems like a huge move for them.

• 28:18Speaker 01

  Yeah.

• 28:19Speaker 02

  I'm surprised the token's not, I'm surprised why the token's not like 20% on the announcement.

• 28:26Speaker 01

  Yeah, that's what I just said. Yeah.

• 28:28Speaker 00

  And Will wants the fees kick in and they use those extra fees to buy back and burn. Then people I think will realize, oh, this is really happening. But it just seems like that's what hyper liquid does. Everything that they've added is more bullish than the previous thing. Right? First they were doing the buyback and burns and that was novel at the time. Then they introduced, uh, perps trading outside of crypto for that matter. And that was very novel and great at the time. Then they had that deal with Circle and Coinbase where they were going to get stable coin flows in and they were going to take fees from that. And that was very novel and, and bullish. And now this, it just seems like they just keep their progress. It's like kind of what Chris says about the AI earnings. They really need to blow, like go above and beyond and just blow you away to keep showing

• 29:12Speaker 00

  that progress. And that seems like exactly what hyper liquid has been doing. Uh, so, uh, definitely one that we're going to keep watching for.

• 29:22Speaker 00

  Chris, do you have anything else on your radar that you wanted to go through and chart for us?

• 29:29Speaker 01

  Yeah, I'll just go through a few, a quick few, and then we can get on to what Ryan's got for us today. But let's see, a few others that really stood out to me were Zcash continues to just buck the trend, continues to rip, and because Zcash is continuing to do that, Near also is continuing to do that. No, not to the same degree, but like, I want to go back to, so I keep continuing to use this big breakout, oops, wrong button, try this, this big breakout candle as the, you know, the benchmark that we talked about from, well, a few weeks back now. Anything that's well above that at this point is doing well and is something that we should be paying attention to. And Near, you can see, is well above that.

• 30:13Speaker 01

  I mean, they're all the way up here. They're green on the day. The market isn't really that green on the day. In fact, a lot of stuff's down, and Near is one of those that is green on the day. It's benefiting from Zcash right now. And so as Zcash does, so too does Near, at least in this moment in time when the two are kind of, they're not connected, but they're, you know, the deal is, I'll recap, the deal is basically, Near is the one blockchain where you can natively trade private Zcash transactions. So that's what people are using it for. And so it's the only other blockchain in there besides sort of Zcash itself. And so that's what's happening. That's why Near is benefiting from it.

• 30:57Speaker 01

  And it's, you know, as it does, so too does Near. So Near looks really good.

• 31:05Speaker 01

  And then I think I wanted to point out, well, Hyperliquid, there's, hold on, not Hyperliquid, was it Venice? Yeah, Venice is also continuing to just put in new highs, actually all-time highs even, and is above the big, you know, the big candle from a few weeks back too. So I don't know, but real-world connection, you know, people are using Venice AI in the real world and they're benefiting from it, and the token is benefiting from it. So the AI play is strong. And then I think Uniswap, I just wanted to touch on two, where is it here? Uniswap.

• 31:40Speaker 01

  It's, now it's down a little bit from last week, but here, look at this too. Like, again, here was the breakout candle back down here, and it's just way up, I mean, way up off of that. And so compared to just real quick, like, looking at a lot of the, like, a lot of the ones have kind of rolled over, even the good ones have sort of rolled over and are now a little bit below that weekly candle close from a few weeks back. Like Bitcoin has kind of rolled over, it's a little bit below. Even Ethereum, not as bad, it's also a little bit below. And, you know, kind of the big ones are all steady or sideways or rolled over a little. But in that, in that mix, we've got a few, like I said, that are just continuing to rip, continuing to just like, you know, buck the trend and don't care what the rest of the crypto space is doing.

• 32:25Speaker 01

  And so, yeah, I wanted to call those out. But also, Derive, man, I mean, Derive looks insane. So, like, yeah.

• 32:36Speaker 00

  Alright, so some good stuff on our radar as well. Ryan, let's talk about what you got. What the hell is Ripple? How is it gonna save me from myself? Because I'm a guy, you know, I hear about fart coin pumping, and I just want to YOLO the top, I don't care. How is that going to help someone, you know, just in general? How is that going to help us on our trading journey? How is that going to save us from ourselves? And, you know, because I think one of the more important things in crypto, even more important, I think, than profits, even though that's what we all want, is risk management, because you can't make profits if you've lost everything. So what, tell us what's going on here.

• 33:21Speaker 02

  Yeah, so Ripple was kind of started a few months back now. And the idea actually came out of the, you know, Real Vision Discord in some ways. Just to give a quick backstory, in case someone didn't hear the AI show. But basically, you know, I had found a creator that I was having a lot of success with, started kind of sharing it with the community, because I thought other people could benefit from it, and just started seeing like, people struggling, taking the same exact signals from him that I was getting wins out of. And I was trying to figure out like, what, how are we experiencing this? So drastically different, even though we're getting the signal at the same time, and it's the same thing.

• 34:03Speaker 02

  And I think it just comes down to kind of availability, to be, like, when you're trying to follow someone, you know, being able to see the signal in real time is kind of important, because if you don't, by definition, a lot of times you're chasing. So, you know, if the alert goes out at, you know, the contract is a dollar, and you see it at a dollar fifty, and you get in because you think it's going to keep going up, and lo and behold, nothing goes up in a straight line, and it starts to correct, and your stop loss gets triggered, while the original, the people got in originally are kind of comfortable because they're at break even now or something, and they let it go, and it turns into a big winning trade while you were stopped out for a, you know, forty percent loss or whatever. And that's kind of the scenario that I was like seeing play out over and over again.

• 34:48Speaker 02

  And then, so I was talking to, you know, everybody in the Chamber of Trade channel and trying to kind of help people figure out like, what trades to take, what to avoid, maybe. And then someone made the comment like, "I wish we could just, you know, automatically get his signals into my brokerage account," or something to that effect. And I was like, hmm, I wonder if we could do that. So, long story short, we had kind of made a very rudimentary version of Ripple, like, back in the beginning, very beginning of the year. And I was just using it, or we were just using a small group of traders for personal use, kind of replicating contract sizes into our other accounts. And it was just making things more efficient for us. We were just using AI to build.

• 35:29Speaker 02

  But didn't really have any like, commercial idea for it, until that comment. I kind of went back to some of the guys and was like, "Hey, I think we might be able to, you know, if we really built out some more features and made it a little bit more robust,

• 35:44Speaker 02

  mainly risk management features, that could help some people, you know, follow creators or whoever they're trying to follow or stick with in a more efficient way." And I don't, like, personally, I don't view this as a like, long-term, "you're gonna use this forever" type of thing. You certainly could, you know, if you're having success with it, that's great. Personally, where I see like, the biggest benefit is someone that's newer to trading, whether it be crypto or TradFi, we are trying to, we're working on adding crypto integration, so hopefully that'll be soon. But when you're new to trading, you know, if you can find someone to, whether it's someone on the Real Vision platform that's giving trade ideas on there,

• 36:24Speaker 02

  or whether it's someone in a random Discord, you know, on, you know, that you found on X, or whatever it is,

• 36:32Speaker 02

  being able to get the signal instantly into your brokerage

• 36:38Speaker 02

  in a way that while you're learning is almost impossible. Because when you're learning, you're still trying to figure out like, what buttons do I click to get into a trade? And that's, I saw a lot of that too, like, there's a lot of new people coming in, and I think people were just getting burned, they would leave the Discord because they blew their account or whatever. And it was, basically all came down to different versions of an execution gap, whether you saw it too late, or you couldn't execute at the right speed, you just hesitated because you weren't sure. I think for the people that are newer, it'll provide a lot of value in that they can be in the trade, participate, and kind of see how it plays out, how it should play out

• 37:18Speaker 02

  in real time and in your account. If you want that, you could obviously do it, you know, through paper trading and stuff, but you're putting in a lot of hours, and it's a process to go through, for sure. So if you're looking to start, you know, real trading, generating some returns, hopefully, and you've found someone that you think fits your trading style, you know, I think Ripple really helps you just kind of smooth that transition into how you're gonna end up following them. Hopefully, eventually, on your own, you don't need Ripple per se.

• 37:50Speaker 02

  But at its core, it's a way to simplify automated trading or copy trading

• 37:56Speaker 02

  with a lot of extra risk controls put in that keeps the user in control. That was kind of our main thing, is to be creator-friendly as far as like, a economics standpoint, and from a use standpoint, be really user-friendly in that they get to maintain absolute control over position sizing, stop-loss, take-profit percentages, all the things. If you want to just mirror a creator, you can do that.

• 38:21Speaker 02

  Personally, I'm excited about the enabling risk management into automated trading in an efficient way. So that's kind of a quick overview of it. I can give like, a quick demo of the site if you want, or we can kind of just talk, you know, freewheel it, whatever you guys think is best for, I guess we have about twenty minutes left.

• 38:40Speaker 00

  Yeah, I mean, I think, Chris, what do you think, a demo, perhaps?

• 38:43Speaker 01

  Yeah, I think, pull up the site, go into like, the risk management section specifically. Because we, you know, on the AI show, we talked about a lot of just the broad overview of the site. So I think if you missed that show, go back and watch that show, because you'll get the rest of the picture, you know. But we want to focus on specifically the options that are available to you for the risk management side, so that you can control your downside while still following somebody who's maybe trading with a much larger account than you are. And I think that's important to highlight.

• 39:15Speaker 02

  Yeah, absolutely. I mean, that's, that's the biggest thing is, to me, is like, sizing correctly for, not only your portfolio size really, but even just your, your general financial situation. You know, like, somebody that's trading for a living is probably and should probably be sizing differently than someone that has a job and is just kind of trading in the background as a, you know, side hobby type of thing. So I think it's important to be aware of not only your portfolio size, but like, general life circumstances. Do you have people that are depending on you? Be aware of the risks you're taking and be more cognizant of that. So, just to kind of put that disclaimer out there. But yeah, so to go, this is just a demo site on Ripple,

• 39:58Speaker 02

  because that way I had data populated and everything, we can kind of see a little bit of what you would see for a true user experience. So if you log in, your account overview, you're gonna be, this is kind of your dashboard where you just kind of get a quick, you know, high-level view of what's going on in the account, value, P and L, allocations, trades per day, and then kind of who you're actively subscribed to, and then what your open positions are. So it kind of just gives you a high-level overview of what you have going on. And then we can kind of get into...

• 40:37Speaker 02

  Let me go TradFi here. So the way you would kind of find a creator if you weren't like given a link from their Discord or something like that, but if you just came, you know, through public domain to Ripple, um, again, this is mock data, um, but once we have some traders on the site, we'll have a leaderboard where you'll kind of be able to see performance, you know, versus their peers and kind of you can go in and click into any, any creator, sorry, and um, get a little bit deeper dive into what, what their style is, you know, what strategies they're running because they can have different strategies. So,

• 41:14Speaker 02

  um, a creator might, you know, have different subscription tiers where you get access to, you know, on a basic plan, you get access to automate one of their strategies and on like a premier plan, you get, you know, access to any strategy or something like that. So you can go in, see all these different strategies, check out how they've been performing over time, how many, you know, how many trades per day they've got, um, they've been booking, average length of hole, win rate, you know, average P and L, all that kind of stuff. And then once you kind of figure out what you want, um, that's when you, you know, if you selected a strategy, through that process, you'll get prompted to go through the risk management setup.

• 41:56Speaker 02

  So this is kind of what we were talking about mainly. Um, so you can have a manual review option, um, and that's the simplest to go over because it's basically, you're just going to get the signal, you'll get a notification that you had, you know, a signal populate into your profile. And then you can go in and review it manually and kind of a one click approve process. Um, or you can go into a more automated, um, flow and then so you can connect your brokerages. Um, and we are still working on integrating more brokerages, but we have six, if I'm not mistaken, currently integrated. Um, and we're current, the one we're working on right now, uh, is trying to get Schwab integrated.

• 42:36Speaker 02

  Um, so that'll be a big one. Um, but this allows you to kind of pick what brokerage you want it to go to, what, what account? Um, and then you can set, so for this specific strategy, you can set like a maximum allocation. So if I had a hundred thousand dollar portfolio and I wanted to allocate 10% of my portfolio to this strategy, I could say $10,000. And if I wanted each trade to be 10% of that, I could use a thousand. Um, you can also contract or specify like number of contracts or number of shares if you want.

• 43:09Speaker 02

  If you want to do it that way, I, I recommend using dollars, uh, personally, just I think it's a lot more efficient from our risk management. You know exactly what your exposure is all the time. Um, you can specify when you do and do not want to trade. Um, so a lot of people don't like to skip, don't like to trade during like the first 30 minutes of trading because it's a little bit volatile and you can get some wild price action swings. Um, so you have that option, you can customize it, you know, you can skip power hour, which is the last 15 minutes typically, the market on close action can also get a little wild. And it, you know, you may not want to be in a position at that point. Um, you also have

• 43:50Speaker 02

  a ticker exclusion and inclusion list. So you can either allow, you know, if you only have a handful of tickers that you want to trade. Um, or if you want to disallow certain ones, like you don't want to trade indexes or you don't want to trade mag seven or whatever it is, uh, you can add them and kind of build a disallowed ticker list uh, for that specific strategy again. Um, and then you can kind of modify that over time. Um, execution setting. So slippage is, you know, if some, if anybody's not familiar with slippage, something you should get familiar with it. Um, it happens in every market, um, but options markets can move quickly. Um, so like if, if an alert comes out, again, I'll use a dollar for the contract price and

• 44:36Speaker 02

  you know, in the few seconds that it takes to get to hit your account, if the price has jumped, you know, to a dollar 20 because a lot of other people got in or whatever the reason might be IV spikes, you know, if there's like a news trade coming, IV spikes can cause massive jumps in option premium like instantaneously. Um, so there's a way you can kind of protect yourself from getting a quote bad fill uh, with slippage tolerance. So you're going to have, you know, I always recommend having some slippage tolerance because you don't want to not get a fill if it's, you know, two cents over their fill price or something, but, uh, we also have a warning, like if you try to go to a crazy amount of slippage, we'll, we'll warn you that, hey, this is a, you know, elevated risk, make sure you know what you're doing kind of thing.

• 45:19Speaker 02

  Um, our kind of, our own imposed ripple limit is 25%. Um, preferably we would not like to see you go over that, but based on your trading style, if, if you want to, you're certainly able to for sure. Um, you can also cancel, um, this is, I think this is an important thing that people, a lot of people don't think about. So you can cancel it after a certain time period. Um, because let's say that scenario plays out and it went to a dollar 30 before my order got in and I only wanted to fill at a dollar 20 or better. Um, you know, two hours later, it price might come back to a dollar 20 and I could get that fill, but it also might be because

• 46:01Speaker 02

  the stock corrected and now it's in a downtrend and I don't want that fill anymore. Uh, so my personal, um, belief is that I'll probably cancel these after a few minutes to, you know, maybe 30 minutes at the most. And it depends again on your, your trading style. Are they day trades? Are they swing trades? Are they leaps? Um, so you just need to be aware of kind of what environment, what instrument you're trading. Um, and then the exit rules, I would say are probably another key thing you can, this is what I was talking about, you can kind of set your own, um, stop losses and it's just a simple, you know, percentage stop loss. Uh, same with take profit, you can, you know, move it up and down.

• 46:40Speaker 02

  Um, the match trims, uh, is one thing that we took a, took a little while to work through to get the, what I thought was the proper risk management embedded into this. Um, because you are kind of at the whim of whoever you're following. So this is basically saying, I'm getting in with them and I'm getting out with them and I'm doing whatever with them in between. So if they're adding to the position or they're trimming the position, I'm going to do that as well. Um, so what it, the logic I think is important to understand. So I'll go through that real quick. So there's a hypothetical scenario in here. So let's say that the, the trader you're following opens up 35 contracts and your risk parameters cap you based on the, the dollar amount that you don't want to be over at 12.

• 47:24Speaker 02

  So you're going to fill with, along with the trader, but you're going to fill at 12 contracts. So what we've done is basically create like a ratio, you know, starting position ratio, and we're going to try to keep you as close to that position ratio as possible. So if the trader trims 19 contracts, keeping 16, you're going to sell seven and you keep five to keep that ratio as close as possible. Uh, now if you're over, so if it was like five, if the actual math, it's not shown here, but if the actual math was like 5.64, let's just say a random number that would typically in traditional rounding, you would round that up to six, but

• 48:07Speaker 02

  because of risk management, I want a shade on the side of being conservative whenever we can. So we always want to keep exposure as low as possible, but still as close as possible, if that makes sense. Um, so that's the, kind of to keep that in mind, the logic behind that. So if they added six, you're going to add two, you keep seven. Um, and then if they, you know, kind of skip through, but you can kind of follow along. So you're going to add or trim with them. And then if they close the trade, you'll close it with them. Um, if there's any, that's kind of the, the major points to hit on, I think, from a risk management perspective, but I'll kind of pause there if there's any questions, you know, any discussion, open it up to you guys for a second or I can keep going.

• 48:56Speaker 00

  I'm okay with you keeping, keep going unless you got something for him, Chris. Um, no, go ahead.

• 49:03Speaker 02

  Um, all right. So then the, the crypto side is actually something I kind of wanted to bring up and ask for some input, um, back on. Um, because I mean, I, I obviously know risk, you know, there's a lot of risk controls and a lot of the same ones would apply. Uh, stop loss, all that kind of stuff. But there's also a lot of other things to be aware of, um, in crypto. So like, for example, the slippage tolerance, it kind of along the same lines, um, you know, maybe you, for like a risk control on a crypto, on a crypto side of things, you're not entering trades if the liquidity pool is below a certain amount per se. Um, so there's, there's some def, definitely some different dynamics to the crypto markets than TradFi. We all know that.

• 49:48Speaker 02

  And so we're kind of trying to think through like, how do we keep a similar process in crypto and, and what are the other things we need to be considering? Um, so just opening it up to the community, like I'd love for people to ping me if you think of anything like any, any good ideas, um, for risk controls, we're open to any suggestions. Uh, we, again, we want to make it as user friendly as possible. So user feedback would be, you know, highly valuable. Um, but our, our thought is we're going to try to integrate with, um, hyper liquid because they're easy to work with. It's, it's a simple integration. Um, it's pretty streamlined. A lot of people know what it is. It has deep liquidity.

• 50:29Speaker 02

  Um, it's probably the best venue for us to be trying to integrate into. I think over time we may expand out, um, from that and maybe try to do some on-chain stuff so that we could maybe do memes and trenches and all that, all that fun stuff that people love to do. Uh, but that's not our main focus right now. I would say that's not, uh, risk management.

• 50:51Speaker 00

  Definitely not. Um, if you can risk manage memes, then you can risk manage anything I would think. So maybe that's like the boss level, uh, for when you do eventually add it.

• 51:04Speaker 02

  Yeah. The only way I know to risk management in the trenches is like $10 positions.

• 51:08Speaker 00

  Yeah.

• 51:11Speaker 02

  But yeah, so our thought was to kind of have a curated list of hyper liquid wallets that we've kind of like established that that have a track record of profitability and kind of just kind of just basically elevating to them to the community's attention so that you're not having to go out and find these things, do the screen, do the research, you know, who's doing what and who's profitable, but basically just highlighting a list of wallets and and kind of maybe some characteristics of those wallets so that you can kind of understand what to expect.

• 51:45Speaker 02

  Another dynamic that's a little bit different from the TradFi side is it's all open source, right? It's all open ledger. So in theory, you could just copy any wallet that you wanted. One of the thoughts we had was to allow, you know, if there's someone like, say, someone popular on X and they have a, you know, they have a following or whatever. If their wallet was on our site, one of the things we're kind of contemplating and leaning towards is allowing them to kind of claim that wallet so that no one could follow it for a free or reduced fee. If they wanted to try to monetize their value in some way, you know, we would kind of facilitate that, I guess, that you could then, they could start allowing people to follow them by paying for a subscription.

• 52:30Speaker 02

  It's not to say that you can't go follow them somewhere else and and do it. It's just maybe not as easy and streamlined. So that's kind of the thought process on the crypto side of things. You guys were talking about football earlier and betting. It was kind of funny. Actually, two days ago, we kind of started working on poly market integrations and creating some kind of fun little like bot for like all the major sports. So you might be able to put in like, you know, I want to take overs, you know, if you had certain betting rules, you know, like if you're, I'm not a better, I'm not a gambler like for on sports, I gamble plenty on in the markets. But like if you are someone that

• 53:13Speaker 02

  is into betting, I know there's tons of people that have like systems and strategies and we could kind of allow you to create like rules. So like, you know, if there's a under, you know, that meets this criteria at the end of the third quarter, I want to place a bet, you know, at this value or whatever. And it just automates that process for you so that you don't have to be there watching every market, watching every game per se. So that's like a kind of think a fun thing that we're working on. I think it it could provide a lot of value to people. Again, I'm not a better, but there's a huge market for it. So it's definitely something we're exploring. And I think we could just make it a little bit more enjoyable than having to sit there and stare at a poly market

• 53:57Speaker 02

  screen while you're watching football. So or baseball or whatever it is. So yeah, that's kind of like a quick rundown of the the platform overall. I would say one more thing I wanted to highlight that kind of pertains to the Real Vision community a little bit is I see or we see a lot of self builders, I mean, out of the woodwork over the next few years. I mean, I think it's a pretty foregone conclusion now with AI being out there. Like, everybody can come up with a strategy, everybody can come up with an indicator or whatever you want to do it, you know, whatever you want to do. And I've already talked to a couple of people from the Real Vision community that are more established

• 54:39Speaker 02

  and are known as more like systematic traders in possibly integrating into Ripple so that, you know, we can act as like a distribution engine for them.

• 54:51Speaker 02

  So they already produce a signal, you know, it can be ingested as like a web hook or through an API into the platform and it allows them to monetize without having to try to like build out their own website, their own following, you know, all the things that come along with that. So that's another area that I'm kind of excited about and maybe possible, you know, collaborations with other Real Vision community members. I've kind of been talking to math and AI for a little bit.

• 55:18Speaker 02

  So yeah, that's this one thing I just wanted to mention because I think it is potentially specific to the Real Vision community because I know there's a lot of builders out there.

• 55:27Speaker 00

  That's a beautiful thing. As the as the as a community manager, nothing makes me happier than hearing that communities getting together and working on projects together and helping each other monetize. That's like, that's the goal essentially when you get into a community is to find like minded people or, you know, get motivated by other people to do things and you guys can end up working together or bounce ideas off of each other. It's just so great. So just love to hear that. And then for any of you that that want to learn more, you can always just tag Ryan at Chamber of X in the Discord, Hive Chat, Pro Chat, whatever. He's an early adopter, so he'll be in any chat. But he also

• 56:08Speaker 00

  runs a channel within our Discord called Chamber of Trade and Options 101. Ryan, so if somebody wants to get into Chamber of Trade, they just, they can just message you or right? And then that's how that's how we, right?

• 56:26Speaker 02

  We, yeah, we had it as we had the two channels and we had the Chamber of Trades gated by the being a member of MDT because we were kind of specifically talking about his signals and I kind of didn't want to put them out in public without his permission. But to be honest, like at this point, there's, I think a lot of those people that are already in the channel have kind of dropped the subscription anyways. Because like I said, they were, they were struggling in the beginning and that's a lot of the impetus for all this. So like, if we want to open that up, I'm kind of cool with that at this point. We're not really like discussing a lot of his calls like on a daily or hourly basis or anything. It's more like looking back. So it's not like giving away alpha or anything like that

• 57:09Speaker 02

  was my concern at the beginning. I didn't want it to be something like where we're, you know, exposing his alpha, you know, without his permission. But I don't think that that dynamic exists anymore. So if we want to open it up, I'm happy to more participants in there. I would love to chat more about risk management. I just think it's such an important topic.

• 57:27Speaker 00

  No, absolutely. Yeah, I think we can. We could probably open it up in the coming days. We're at time for today. So Ryan, thanks so much for joining us. Guys, he'll be in the Discord anyway, talking trades and just basically anything. He's just been a great resource over these last four years that I've been here. Chris, we'll see each other on Monday for AI. Anything in between now and Monday that we should be on the lookout for or anything?

• 57:58Speaker 01

  Well, I mean, the AI trade is absolutely part of everything that's going on with the FOMC too. So everything I said at the top of the show applies to AI as well. So be looking at that, be looking at the the 10 year and the 30 year yields and we'll see how it shakes out. And yeah, although I want to talk about Astra too. On Monday, Claude GPT six, oh, no, sorry, Claude, Chat GPT six, Astra. I've been building with that over the last week. I stumbled into that headfirst and it's amazing. And I'm already building some stuff. So I should have some stuff to hopefully demo on Monday. So yeah, it should be good.

• 58:35Speaker 02

  Yeah, it's amazing. And real quick, let's plug ripple.ai. Join the waitlist if you want to get more information later and when we launch.

• 58:44Speaker 00

  That's a, you just put it in the chat, but that's R I P P L L.

• 58:52Speaker 00

  All right, everyone. Don't fuck this up until Monday. Have a great week and we'll see you guys next week.

• 58:59Speaker 03

  You obviously enjoyed the episode because you're here with me at the end. But listen, don't forget to go to realvision.com/join and grab a free membership. It's an incredible community packed with alpha, great investment ideas and the research that you need to help you unfuck your future. So get started now. Go to realvision.com/join.