WEBVTT - Using Data to Predict Bitcoin Price with Continuum Market 0:00:01.379 --> 0:00:04.769 While the world is focused on the FTXs debacle, there 0:00:04.769 --> 0:00:08.220 is many things happening in the broader economic, political and 0:00:08.220 --> 0:00:12.450 cultural marketplaces. How can we assimilate all of these happenings 0:00:12.450 --> 0:00:15.930 to determine how to best position ourselves and our families 0:00:15.930 --> 0:00:20.010 for success? Today we welcome Christina Brew Hon of Continuum 0:00:20.010 --> 0:00:22.439 Dot Market to the show to make sense of it all. 0:00:22.710 --> 0:00:25.950 Known to many in the industry as data points, Christina 0:00:25.950 --> 0:00:29.100 makes a compelling case for where things are headed and 0:00:29.130 --> 0:00:32.610 ties them all together with a shocking Bitcoin price prediction. 0:00:32.909 --> 0:00:35.310 You don't have to be a pointy head to enjoy data, 0:00:35.460 --> 0:00:37.710 but you do have to be bad to listen to 0:00:37.710 --> 0:00:43.409 this Episode number 650. Of the Bad Crypto podcast. 0:00:43.530 --> 0:00:52.890 Five, four, three. How are you all? Okay. Who's bad? 0:01:12.330 --> 0:01:15.390 Hey, guess what? It's the Bad Crypto podcast. I'm Joel. Comm. 0:01:15.390 --> 0:01:18.509 That's Travis, right? Who are you? What's your name? Speak 0:01:18.510 --> 0:01:20.010 slowly so we can understand you. 0:01:20.550 --> 0:01:25.320 I can't hear what they said. It's sorry. I know 0:01:25.319 --> 0:01:26.220 you like this. 0:01:26.580 --> 0:01:29.190 A little bit louder now. Be a little bit loud. 0:01:29.190 --> 0:01:32.190 And now come on and shout it now. We're bad. 0:01:32.190 --> 0:01:34.500 How are you? It's a good day because we've got 0:01:34.500 --> 0:01:38.100 data points coming out of our ears. So many data points. 0:01:38.319 --> 0:01:41.280 A lot of data points. And we might as well 0:01:41.280 --> 0:01:43.080 just jump right on in here. That's a pretty it's 0:01:43.080 --> 0:01:45.270 a decent length interview. 0:01:45.270 --> 0:01:48.580 So, yes, you guys are going to be fascinated by this. 0:01:48.600 --> 0:01:51.120 I guarantee that you'll be fascinate. You're going to be 0:01:51.120 --> 0:01:54.120 so fascinated. Nobody's ever been as fascinated as you're going 0:01:54.120 --> 0:01:57.330 to be by this interview that we did with Christina 0:01:57.330 --> 0:02:01.740 Bruton of Continuum Dot Market. And we'll talk about what 0:02:01.740 --> 0:02:04.110 we talked about on the other side of talking about it. 0:02:08.300 --> 0:02:13.040 As we try to prognosticate and predict what is next 0:02:13.040 --> 0:02:16.460 for the crypto world. There's a lot of different places 0:02:16.460 --> 0:02:18.980 we can look. We're not just looking at the crypto 0:02:18.980 --> 0:02:24.710 space and what's happening with RTX or BLOCKFI. We're not 0:02:24.710 --> 0:02:27.679 just looking at the stock market. We're not just looking 0:02:27.680 --> 0:02:31.130 at what's happening in politics and current events. We're not 0:02:31.130 --> 0:02:33.110 just looking at social sentiment. We need to look at 0:02:33.110 --> 0:02:36.679 all of it. And fortunately today we have the CEO 0:02:36.680 --> 0:02:40.070 and founder of Continuum Dot Market. She's a friend of 0:02:40.070 --> 0:02:44.630 the show, Christina Bruen. Some call her data points because 0:02:44.870 --> 0:02:48.020 she looks at all of these data points and feels 0:02:48.020 --> 0:02:51.470 like she's got a pretty good grasp on what her 0:02:51.470 --> 0:02:55.190 crystal ball is saying. Christina, welcome to the show. It's 0:02:55.190 --> 0:02:55.820 been a while. 0:02:56.120 --> 0:02:58.730 Well, thanks, Jill and Travis. It's great to be back. 0:02:59.060 --> 0:03:03.709 Yeah. So let's let's let's start with some credibility here 0:03:03.710 --> 0:03:07.370 because people are going to want to know why are 0:03:07.370 --> 0:03:12.440 you qualified and how are you qualified to gather and interpret, 0:03:12.440 --> 0:03:16.040 extrapolate results from the data points? 0:03:17.210 --> 0:03:20.630 Certainly So not to brag, but I have a 15 0:03:20.630 --> 0:03:26.300 year data background in Fortune 500. I discovered blockchain a 0:03:26.300 --> 0:03:29.150 little over five years ago and jumped right into the 0:03:29.150 --> 0:03:32.390 deep end with Wall Street Analytics attempting to use time 0:03:32.389 --> 0:03:37.100 series forecasting to predict the price of Bitcoin. Long story short, 0:03:37.100 --> 0:03:40.430 you can't. The regime changes every two months and it's 0:03:40.430 --> 0:03:45.560 tied to bigger global macro factors like political regimes by 0:03:45.560 --> 0:03:50.120 country adoptions. Geolocation is a big factor and it really 0:03:50.120 --> 0:03:53.000 has a lot to do with sentiment. So at Continuum, 0:03:53.000 --> 0:03:58.339 we see the price of these coins almost secondary to 0:03:58.340 --> 0:04:01.520 the actual metrics of their adoption. And their adoption comes 0:04:01.520 --> 0:04:07.910 primarily from credibility, trust and actually onboarding new users, obtaining testimonials, 0:04:08.150 --> 0:04:13.040 and in general, having a positive contribution to the blockchain economy. 0:04:13.280 --> 0:04:15.710 I do look at a lot of data points and 0:04:15.710 --> 0:04:18.740 all of those data points matter, which means every brand, 0:04:19.040 --> 0:04:22.640 that continuum is a unique snowflake that needs different things 0:04:22.640 --> 0:04:25.700 at different times. And that's what we're building. Our infrastructure 0:04:25.700 --> 0:04:29.240 is to support the evolution over the next decade as 0:04:29.240 --> 0:04:34.549 we approach global cross-border payment infrastructure and multiple countries understanding 0:04:34.550 --> 0:04:36.230 what that means to their tax code. 0:04:36.560 --> 0:04:38.570 You know, if you don't mind a hot potato, I 0:04:38.570 --> 0:04:42.469 would consider a logo for a T-shirt or a hat 0:04:42.470 --> 0:04:44.720 that says DPI data points matter. 0:04:45.620 --> 0:04:49.310 I would be okay with that. I definitely have some 0:04:49.310 --> 0:04:54.290 swag campaigns. I'm just here for the data points is 0:04:54.290 --> 0:04:59.540 one of my favorites. Nerd out, also a data nerd. 0:05:00.080 --> 0:05:02.839 All of those are applicable and I'm very proud that 0:05:02.839 --> 0:05:07.130 the industry has nicknamed me data points. As you know, 0:05:07.130 --> 0:05:10.610 over a year ago when I had my market analysis podcast, 0:05:11.390 --> 0:05:14.030 we I said data points. So often they used a 0:05:14.029 --> 0:05:16.250 drinking game with it and I said, Please don't play 0:05:16.250 --> 0:05:18.860 this drinking game. You'll have liver disease in 5 minutes. 0:05:19.760 --> 0:05:21.020 Especially now while you're driving. 0:05:21.589 --> 0:05:25.700 Really bad plan, good analysis, good analysis. 0:05:26.990 --> 0:05:28.190 So I want to ask this. You have all these 0:05:28.190 --> 0:05:32.450 data points. What is the actionable side of things? All right. 0:05:32.450 --> 0:05:34.940 Because you're out there pulling all this interesting information about 0:05:35.150 --> 0:05:38.090 certain brands. What are people doing with it once they 0:05:38.089 --> 0:05:38.390 get it? 0:05:39.170 --> 0:05:42.950 So the biggest thing right now is we are a 0:05:43.310 --> 0:05:47.720 we're a database for the blockchain industry from the blockchain industry. 0:05:47.960 --> 0:05:53.180 So the biggest component of that is actually warm introductions, partnerships, 0:05:53.180 --> 0:05:56.810 things that actually help the brand move forward in their milestones. 0:05:57.110 --> 0:06:00.650 So it's not just about assessing their 2023 landscape or 0:06:00.650 --> 0:06:04.430 even their 2024 landscape. It's about unblocking those things and 0:06:04.430 --> 0:06:07.340 helping them move faster all the way to being able 0:06:07.339 --> 0:06:09.710 to have a red carpet all the way to Capitol 0:06:09.710 --> 0:06:12.920 Hill in order to have government relations to defend your 0:06:12.920 --> 0:06:14.000 blockchain use case. 0:06:14.900 --> 0:06:16.729 Is, as we look here at the website, I went 0:06:16.730 --> 0:06:20.119 to brand pages. This is on Continuum Dot Market and 0:06:20.120 --> 0:06:22.159 there'll be links in the show notes and you could 0:06:22.160 --> 0:06:25.429 see some of these dossiers and brands that that you're 0:06:25.430 --> 0:06:30.020 working with and the coins that you're covering. Let's just 0:06:30.020 --> 0:06:33.050 jump right to the question that I think a lot 0:06:33.050 --> 0:06:36.350 of people are going to want answered, and that is 0:06:36.350 --> 0:06:44.690 in this political environment, with centralized exchanges being scandalized, elections 0:06:44.690 --> 0:06:52.490 being questionable, at the very least, the inflation being at, 0:06:52.490 --> 0:06:56.060 you know, crazy highs, the housing market on the precipice. 0:06:56.570 --> 0:06:59.690 You take all of these data points together and what 0:06:59.690 --> 0:07:03.500 does it mean to the future of the global economy, 0:07:03.500 --> 0:07:07.740 the U.S. economy, the crypto markets, Bitcoin? Ahead and just 0:07:07.740 --> 0:07:11.040 let loose on what you think. And I'm assuming you're 0:07:11.040 --> 0:07:15.000 not a financial advisor. So this is just what you see. 0:07:15.630 --> 0:07:19.020 This is not trading advice. This is me reading the landscape. 0:07:19.020 --> 0:07:22.680 And this is pretty much why I've gotten 50 unsolicited 0:07:22.680 --> 0:07:25.020 calls this week asking me, what do you think is 0:07:25.020 --> 0:07:27.360 going to happen? So make. 0:07:27.360 --> 0:07:28.320 This 51. 0:07:28.530 --> 0:07:30.250 I'm okay with that. I'm okay with. 0:07:30.250 --> 0:07:32.580 That unsolicited call or like, Hey, let's talk. 0:07:33.090 --> 0:07:35.640 So that's what I'm here for, is actually to that. 0:07:35.760 --> 0:07:38.490 That's the origin of Continuum. I knew that my cousins 0:07:38.490 --> 0:07:40.740 were never going to do the five years of research 0:07:41.010 --> 0:07:44.350 to understand the nuances between these brands and why they're 0:07:44.350 --> 0:07:49.110 a unique snowflake. So let's start four years ago. So 0:07:49.110 --> 0:07:54.630 with my analysis into Time series forecasting, we found out that, 0:07:54.630 --> 0:07:58.440 you know, from a mathematical standpoint, quantitative easing was unsustainable 0:07:58.440 --> 0:08:02.760 and that meant that we were leading towards an inevitable recession. 0:08:03.150 --> 0:08:05.430 Now they've kicked the can down the road quite a 0:08:05.430 --> 0:08:08.820 bit on that, even with some of the COVID things. 0:08:08.820 --> 0:08:12.030 And printing $10 trillion helped kind of stave off that 0:08:12.030 --> 0:08:16.200 global recession that was already mathematically going to happen. And 0:08:16.200 --> 0:08:17.790 you can go back the last four years in my 0:08:17.790 --> 0:08:20.610 content and see me kind of calling the landscape on that. 0:08:21.540 --> 0:08:23.760 Where we're at right now is they've run out of 0:08:23.760 --> 0:08:26.790 road to kick the can down the road anymore. And 0:08:27.360 --> 0:08:32.040 already before, two weeks ago, before the FTC's fiasco, we 0:08:32.040 --> 0:08:35.309 were already predicting that January was going to establish some 0:08:35.309 --> 0:08:39.900 pretty clear statements from Capitol Hill and regulations in that 0:08:39.900 --> 0:08:42.089 they were going to be looking at the crypto industry 0:08:42.090 --> 0:08:45.390 and saying, we need to address stablecoins. We don't want 0:08:45.630 --> 0:08:48.870 circling Coinbase's Usdc to be in charge of that. We 0:08:48.870 --> 0:08:51.870 want to do our own internal CBD sees there needs 0:08:51.870 --> 0:08:53.790 to be a structure around that. And by the way, 0:08:53.790 --> 0:08:57.120 you can't trust these mom and pop blockchain brands because 0:08:57.120 --> 0:08:58.710 they're not going to protect your data, they're not going 0:08:58.710 --> 0:09:01.679 to protect your funds. Instead, you should you should put 0:09:01.679 --> 0:09:05.760 your trust in these banking blockchain solutions like Jp morgan 0:09:05.760 --> 0:09:08.160 and Bank of America, which is the opposite of what 0:09:08.160 --> 0:09:10.530 we want to see happen in the Web3 space. Our 0:09:10.530 --> 0:09:15.330 web3 space started to get away from centralized authorities like that. 0:09:15.570 --> 0:09:19.500 And really any blockchain brand is interrupting a middleman economy. 0:09:20.160 --> 0:09:22.920 And those middleman economies are tied to things that have 0:09:22.920 --> 0:09:25.980 existed for hundreds, if not thousands of years. And those 0:09:25.980 --> 0:09:29.040 middleman economies are not going to die slowly. There's going 0:09:29.040 --> 0:09:32.010 to be a lot of pushback. So seeing that landscape, 0:09:32.010 --> 0:09:34.230 I knew that the blockchain brands were going to need 0:09:34.230 --> 0:09:36.959 really an army to rally around them and be able 0:09:36.960 --> 0:09:40.890 to defend that they are in fact impacting people in 0:09:40.890 --> 0:09:43.530 a good way. They are in fact a good thing 0:09:43.530 --> 0:09:46.350 for U.S. consumers, and that has to be proven out 0:09:46.350 --> 0:09:48.840 on a case by case basis. So part of what 0:09:48.840 --> 0:09:53.040 we're doing at Continuum, besides the intake process and standardizing 0:09:53.730 --> 0:09:56.699 the narrative of all of these brands, is tracking their 0:09:56.700 --> 0:10:00.000 growth over the next two years. We're looking at sales 0:10:00.000 --> 0:10:04.440 daily active users, assets under management, community metrics, all of 0:10:04.440 --> 0:10:07.280 those things that these brands are now posting on Twitter. Oh, 0:10:07.290 --> 0:10:10.590 we're being so transparent. Look at our assets, look at 0:10:10.590 --> 0:10:13.530 our holdings. We've been asking for that at Continuum for 0:10:13.530 --> 0:10:15.809 over two years now. So it's a good time for 0:10:15.809 --> 0:10:18.750 us to kind of self organize as a blockchain industry 0:10:19.080 --> 0:10:22.020 because we're going to need the entire community coming together 0:10:22.200 --> 0:10:26.309 to push back on some of these legal cartels and 0:10:26.309 --> 0:10:29.370 the illegal cartels that make the money of the world 0:10:29.370 --> 0:10:33.330 go round. That's called the global economic engine. Any time 0:10:33.330 --> 0:10:36.330 you're impacting the global economic engine, watch out. They have 0:10:36.330 --> 0:10:38.220 bigger teeth than we do. We're going to have to 0:10:38.220 --> 0:10:39.780 prove it through data and we're going to have to 0:10:39.780 --> 0:10:41.760 prove it through adoption. We're going to have to prove 0:10:41.760 --> 0:10:44.520 it through testimonials. And that's what we're trying to create it. 0:10:44.520 --> 0:10:46.559 Continuum is a place for all of that to live, 0:10:46.770 --> 0:10:49.200 so my cousins can go to one website and say, 0:10:49.320 --> 0:10:51.750 What is it? Why should I care? What does it do? 0:10:51.780 --> 0:10:52.949 How do I make money with it? 0:10:55.830 --> 0:10:59.370 That's fascinating. Fascinating for sure. And I want I don't 0:10:59.370 --> 0:11:00.510 even know if you know about this, but I'm going 0:11:00.510 --> 0:11:02.220 to bring it up because I think it's just it's 0:11:02.220 --> 0:11:04.910 insane to me. So there's this company called Token SAF 0:11:04.920 --> 0:11:08.100 that's based in California. I don't even know about them. 0:11:08.100 --> 0:11:11.370 But basically what they've done, according to this data that 0:11:11.370 --> 0:11:13.830 I that I pulled up, they created a list of 0:11:13.830 --> 0:11:20.550 5000 of their KYC clients and they literally publish the 0:11:20.550 --> 0:11:24.840 KYC details on the blockchain, and that includes their full names, 0:11:24.840 --> 0:11:28.890 their wallet addresses, their real home addresses. That to me 0:11:28.890 --> 0:11:31.220 is the worst kind of use case of the, you know, 0:11:31.240 --> 0:11:33.689 like even if you're pissed off at your customers, you 0:11:33.690 --> 0:11:37.559 don't go all, you know, scorched earth on people, right? 0:11:37.890 --> 0:11:40.620 So I don't really have any question around that other 0:11:40.620 --> 0:11:42.060 than what the hell is going on. 0:11:42.780 --> 0:11:45.960 Well, I'll double down on that and tell you more 0:11:45.960 --> 0:11:48.240 of that might happen. So that's actually one of the 0:11:48.240 --> 0:11:52.650 concerns with the FTC or excuse me, the FTC's bankruptcy 0:11:52.650 --> 0:11:56.130 lawsuit is that that data might be revealed. And here 0:11:56.130 --> 0:12:00.660 in Web3, we have a massive interest in protecting privacy 0:12:00.660 --> 0:12:03.510 and being able to have a shield up if we 0:12:03.510 --> 0:12:06.990 want it. We're very open to doing KYC, AML, and 0:12:06.990 --> 0:12:09.360 that should be something that lives in our digital identity. 0:12:09.360 --> 0:12:11.310 And we carry with us in a wallet that is 0:12:11.309 --> 0:12:15.209 safer than metamask. I have some solutions for you guys. 0:12:15.480 --> 0:12:17.610 So if we're if we're looking at all the way 0:12:17.610 --> 0:12:20.880 forward a decade in the future of what The Jetsons 0:12:20.880 --> 0:12:25.380 future means is all this technology converges. You're looking at 0:12:25.380 --> 0:12:28.140 being able to be verified on blockchain. You're looking for 0:12:28.140 --> 0:12:30.540 those data packets to be able to be passed back 0:12:30.540 --> 0:12:35.310 and forth between the systems. And you're looking at interoperability 0:12:35.309 --> 0:12:39.030 and just on a completely new level that we've never 0:12:39.030 --> 0:12:42.180 seen before in human history. So we need to be 0:12:42.179 --> 0:12:46.050 aware that everything has now changed and it changed 13 0:12:46.050 --> 0:12:48.989 years ago when Satoshi released the White paper. But my 0:12:48.990 --> 0:12:54.330 cousins and politicians especially still have a very difficult time 0:12:54.330 --> 0:12:59.940 grasping what that means. And if you look at from 0:12:59.940 --> 0:13:02.490 a scientific level, which is where I come from, my 0:13:02.490 --> 0:13:05.340 ultimate stakeholder is Neil deGrasse Tyson. I want him to 0:13:05.340 --> 0:13:07.080 come in and poke it with a sharp stick and 0:13:07.080 --> 0:13:09.660 bring all the data scientists in. But if you look 0:13:09.660 --> 0:13:14.520 at historically from a scientific level, invasive species usually decimate 0:13:14.520 --> 0:13:18.270 native species, and these native species have a lot of 0:13:18.270 --> 0:13:20.250 things to fight back with. They have a lot of 0:13:20.250 --> 0:13:22.590 tools at their disposal. So don't think that they're going 0:13:22.590 --> 0:13:25.530 to go down easy. It's going to take a collective 0:13:25.530 --> 0:13:28.830 narrative not just from the US, but from a global position. 0:13:29.190 --> 0:13:32.189 And the biggest data point that can help that is 0:13:32.190 --> 0:13:36.209 GDP increases, right? So if you're in Nigeria and all 0:13:36.210 --> 0:13:38.670 of a sudden your constituents are able to earn more 0:13:38.670 --> 0:13:41.370 money than they've ever seen in their lives, that literally 0:13:41.370 --> 0:13:44.900 changes the landscape of your economics within your country. The 0:13:44.910 --> 0:13:47.730 US knows this, and they also know that they govern 0:13:47.730 --> 0:13:50.430 with the global economic engine with the US dollar. So 0:13:50.429 --> 0:13:52.740 they have to be very, very careful and they're going slow. 0:13:53.070 --> 0:13:55.860 That doesn't mean that you can't be domiciled and still 0:13:55.860 --> 0:13:59.939 have to instill touch US consumers. Any brand that has 0:13:59.940 --> 0:14:03.540 even one U.S. consumer, you're under the purview of US regulation. 0:14:03.540 --> 0:14:05.400 So you better be prepared about what that means. 0:14:05.670 --> 0:14:08.880 It tweaks me when we reference The Jetsons. I grew 0:14:08.880 --> 0:14:12.030 up watching The Jetsons. We were promised flying cars. 0:14:12.270 --> 0:14:12.780 You. 0:14:13.260 --> 0:14:17.160 And robots. And what do we get? Tik Tok dances 0:14:17.160 --> 0:14:21.270 and gender confusion. I just I'm like, Why aren't we there? 0:14:21.300 --> 0:14:21.630 Come on. 0:14:21.900 --> 0:14:24.600 I should have this memorized. But I believe that George 0:14:24.600 --> 0:14:28.260 Jetson is born next year. I believe that he is 0:14:28.260 --> 0:14:31.530 born next year. And that's where we should be. And 0:14:31.530 --> 0:14:32.100 this isn't. 0:14:32.760 --> 0:14:35.790 Flying cars yet, right? A result we still have a 0:14:35.790 --> 0:14:37.070 few years to these flying cars. 0:14:37.080 --> 0:14:40.740 You've got patents, you've got patent issues around the big 0:14:40.740 --> 0:14:43.110 tech companies that are sitting on patents that don't want 0:14:43.110 --> 0:14:46.590 this game changing tech to come out. You've got blockchain 0:14:46.590 --> 0:14:49.680 innovators that are doing things because the ones and zeros 0:14:49.680 --> 0:14:53.340 can do them, not even knowing that they're getting close 0:14:53.340 --> 0:14:55.920 to things that are regulated and have, you know, have 0:14:55.920 --> 0:14:59.490 a rule based system around them. So a lot of 0:14:59.490 --> 0:15:02.490 this is education. And to your point, I want the 0:15:02.490 --> 0:15:05.489 flying cars. I want smart cities. I know it can 0:15:05.490 --> 0:15:07.920 all be done with data. You know, we've got Sophia, 0:15:07.920 --> 0:15:11.880 the robot in ecosystem as a speaker, along with 140 0:15:11.880 --> 0:15:14.640 other blockchain brands, so that the world can start to 0:15:14.640 --> 0:15:18.600 understand this bleeding edge technology that these brands can collaborate 0:15:18.750 --> 0:15:20.880 and not have to build it all themselves. There's a 0:15:20.880 --> 0:15:24.200 lot of moving parts in bringing about this next future. 0:15:24.210 --> 0:15:26.790 So be it pisses me off too. I'm like, That's. 0:15:26.790 --> 0:15:27.840 A whole other thing. 0:15:28.050 --> 0:15:29.220 That is a whole other thing. 0:15:29.260 --> 0:15:32.680 Okay, three modes to Sophia. Let's be real about that, though. 0:15:32.700 --> 0:15:34.710 That's an important data point to understand. 0:15:35.220 --> 0:15:37.560 Yeah. So I want to talk about George Jetson real quick. 0:15:37.560 --> 0:15:42.150 So George Jetson, he was born in July of 2022. 0:15:42.150 --> 0:15:44.280 That's when he was born. And he was like in 0:15:44.310 --> 0:15:49.500 his forties. Jane was actually 33 years old during the show, 0:15:49.500 --> 0:15:53.670 and then their kid was actually like 18 or something. 0:15:53.670 --> 0:15:57.600 So there's some. Math doesn't work on this whole thing. 0:15:57.690 --> 0:15:59.490 Or George Jackson was a pedophile. 0:16:00.470 --> 0:16:03.570 Yeah, okay. That's a whole other conspiracy. 0:16:03.990 --> 0:16:05.520 I just went down. I just did the math. I 0:16:05.520 --> 0:16:07.890 was like, Wait a second. So just thought I'd throw 0:16:07.890 --> 0:16:08.910 that out there. I mean, Travis. 0:16:08.910 --> 0:16:10.110 Brought some data points. 0:16:10.440 --> 0:16:12.690 How about some data points? Yeah. 0:16:13.410 --> 0:16:15.740 All right. I want to know what it means, though. 0:16:15.750 --> 0:16:19.350 Here we are in the middle of this collapse of 0:16:19.350 --> 0:16:25.290 centralized exchanges, massive scandal that arguably ties back to a 0:16:25.290 --> 0:16:30.510 single political party, maybe both, but definitely hedges towards another. 0:16:30.780 --> 0:16:35.160 And the corruption goes all the way, it appears, to 0:16:35.160 --> 0:16:38.790 the top of the globalists and the World Economic Forum. 0:16:39.840 --> 0:16:42.180 What does this mean for crypto? All of a sudden? 0:16:42.180 --> 0:16:44.850 The news comes out today that 12 banks are going 0:16:44.850 --> 0:16:49.020 to be test piloting central bank, digital currency, digital dollar 0:16:49.020 --> 0:16:51.750 over the next 12 weeks. I mean, are we this 0:16:51.750 --> 0:16:56.790 close to becoming enslaved by the government? You know, is 0:16:56.790 --> 0:16:58.860 freedom about to be tossed away? 0:16:59.190 --> 0:17:01.820 Okay, that's a lot to unpack, Mr. Joe. 0:17:01.830 --> 0:17:05.369 Unpack it nicely. Okay. Get get me. 0:17:05.790 --> 0:17:07.830 All or let me answer right. 0:17:07.830 --> 0:17:10.919 Now. Let me let me try and create some buckets there. 0:17:10.920 --> 0:17:13.830 So first you've got the team. You're going to. 0:17:13.830 --> 0:17:14.700 Make a list of bucket. 0:17:14.700 --> 0:17:17.940 Yes, I'm going to data points. I always make a 0:17:17.940 --> 0:17:21.480 data points list. All right. So you've got the FTSE scandal, 0:17:21.750 --> 0:17:24.750 which has to do with leverage and propping up things 0:17:24.750 --> 0:17:28.439 that should have been allowed to fail. That was over 0:17:28.440 --> 0:17:33.600 leveraged by a bunch of other trading institutional folks. I 0:17:33.600 --> 0:17:35.520 don't want to say their names, but they're all over 0:17:35.520 --> 0:17:39.389 Twitter making announcements this week about, yes, we were impacted. 0:17:39.390 --> 0:17:41.639 We have to pause withdrawals. That's going to create a 0:17:41.640 --> 0:17:45.180 domino effect. And so this is actually very similar to 0:17:45.180 --> 0:17:47.880 Lehman Brothers, where they called in the loans and then 0:17:47.970 --> 0:17:52.080 the whole everything collapsed because it was being propped up 0:17:52.320 --> 0:17:55.290 and didn't actually have the real meat and potatoes behind it. 0:17:55.590 --> 0:18:00.270 So that's what's going on with FTI. The interesting thing, 0:18:00.270 --> 0:18:03.480 as the exchanges are kind of doing a war zone 0:18:03.480 --> 0:18:06.119 right now is that I know too much and I'm 0:18:06.119 --> 0:18:08.699 under NDA for too many brands. So I'm aware of 0:18:08.700 --> 0:18:11.850 the exchange of the other centralized exchanges that are in 0:18:11.850 --> 0:18:14.189 the exact same boat. A lot of the community is 0:18:14.190 --> 0:18:18.060 now calling for decentralized exchanges, but even decentralized exchanges are 0:18:18.060 --> 0:18:20.340 going to need some level of regulation in order to 0:18:20.340 --> 0:18:25.260 play in the Nasdaq nicey type of US ecosystem. So 0:18:25.260 --> 0:18:28.020 that's one thing that's that's going to be a domino 0:18:28.020 --> 0:18:31.649 that continues through the end of the year to topple 0:18:31.650 --> 0:18:36.419 things over. And that domino toppling things over, I would argue, 0:18:36.420 --> 0:18:38.700 is probably the worst thing that's ever happened in the industry. 0:18:38.700 --> 0:18:41.189 For every rug pull that's ever happened, for every bad 0:18:41.190 --> 0:18:43.860 thing that's ever happened, for every scam artist, for all 0:18:43.859 --> 0:18:47.100 the people that are not allowed at Continuum, this one 0:18:47.100 --> 0:18:49.949 is probably the worst because he was perceived as the 0:18:49.950 --> 0:18:53.460 golden boy of regulation and he was in talks with 0:18:53.460 --> 0:18:56.909 the SEC, which means how did the SEC not see this? 0:18:57.119 --> 0:19:04.260 And also there is now this stickiness around. Were they 0:19:04.260 --> 0:19:09.000 using stocks to move funds from Ukraine back to Democrats? 0:19:09.000 --> 0:19:12.360 And was this a money laundering situation? Did the Democrats 0:19:12.359 --> 0:19:16.680 ask for this? Well, my research at Continuum before two 0:19:16.680 --> 0:19:19.050 weeks ago and I've said this in many, many, many, 0:19:19.050 --> 0:19:23.760 many podcast, is that in January 2023, they were going 0:19:23.760 --> 0:19:27.330 to have regulation that was anti crypto anyway. Obviously the 0:19:27.330 --> 0:19:30.389 SEC is the biggest proponent of like, no, you guys 0:19:30.390 --> 0:19:33.330 can't do that. Your security until proven otherwise. They were 0:19:33.330 --> 0:19:36.570 already going to do that. And I used to joke 0:19:36.570 --> 0:19:39.900 and I joked on camera that ha ha ha, we'll 0:19:39.900 --> 0:19:43.440 see a rebalance in November volatility, which is normal and 0:19:43.440 --> 0:19:45.600 December kind of closing out the end of year, which 0:19:45.600 --> 0:19:48.600 is normal. So you'd see a price dip in December 0:19:48.780 --> 0:19:50.880 and then, ha ha ha. Wouldn't it be funny if 0:19:50.880 --> 0:19:54.629 the US government was like, Oh, crypto actually triggered the 0:19:54.630 --> 0:19:58.650 entire global recession? And I'm like, How absurd would that be? 0:19:58.859 --> 0:20:01.980 And now I'm looking at this play out going, Oh God, 0:20:01.980 --> 0:20:05.820 my conspiracy theorist friends might actually be correct. And I 0:20:05.820 --> 0:20:10.109 don't know, but it's it lines up a little too effectively, 0:20:10.350 --> 0:20:14.250 except for the fact that Sam Bankman-fried is now nuclear toxic. 0:20:14.430 --> 0:20:17.159 And I don't know if he would trade the rest 0:20:17.160 --> 0:20:20.100 of his life in doing what he loves and what 0:20:20.100 --> 0:20:23.970 his brain is trained to do for these billions of dollars. 0:20:24.150 --> 0:20:27.659 I don't know. Joel, would you stop working for billions 0:20:27.660 --> 0:20:31.230 of dollars? I don't know. Logically, from a psychological perspective, 0:20:31.230 --> 0:20:35.580 I could argue both sides of that leaning towards a yes, 0:20:35.609 --> 0:20:36.960 billions of dollars. 0:20:36.970 --> 0:20:40.050 I would personally, I would never want to be a billionaire. 0:20:40.440 --> 0:20:43.500 That is that's too much money for somebody to have. 0:20:43.859 --> 0:20:46.590 And I don't want a target on my back. It's 0:20:46.590 --> 0:20:49.500 just it's crazy if you ain't got that much. 0:20:49.500 --> 0:20:52.590 To know, you're a billionaire. No, I would be even 0:20:52.590 --> 0:20:54.740 if you had it happen. You like. Woops, I'm a billion. Well, 0:20:54.780 --> 0:20:55.980 I'm not going to let anybody know. 0:20:56.400 --> 0:21:00.720 Yeah. No. There's filings, there's public records. People would know, 0:21:00.720 --> 0:21:03.909 like they know who's got the money and it's public 0:21:03.910 --> 0:21:05.820 in like, All right, how how quickly can I give 0:21:05.820 --> 0:21:07.800 a bunch of this away? Because. 0:21:08.609 --> 0:21:11.250 Yeah, I don't want it. So I want to add 0:21:11.250 --> 0:21:11.639 this on. 0:21:11.640 --> 0:21:15.240 My continuum wants more publicity. We want more transparency of 0:21:15.240 --> 0:21:16.469 things like that. We want actual. 0:21:16.710 --> 0:21:17.540 Has to be in. 0:21:17.550 --> 0:21:18.600 Their their holdings. 0:21:18.840 --> 0:21:23.070 Yeah, we'll have plenty of transparency like proof of what's 0:21:23.070 --> 0:21:26.040 in your vault. Like, if you're an exchange, you need 0:21:26.040 --> 0:21:28.050 to have a proof of that. Like, how are you 0:21:28.050 --> 0:21:29.100 not doing that? 0:21:29.490 --> 0:21:32.790 Leave it to Travis to want proof of transparency Pot. 0:21:33.060 --> 0:21:34.440 That's a love. 0:21:34.440 --> 0:21:36.750 Pot. I love it. I think we should only have 0:21:36.750 --> 0:21:38.190 pot at Continuum. 0:21:38.190 --> 0:21:41.460 We call it transparency as a service. And a lot 0:21:41.460 --> 0:21:44.010 of that has to do with collecting the data directly 0:21:44.010 --> 0:21:47.430 from the brand. We're not selling the brand. We're literally 0:21:47.430 --> 0:21:50.970 letting them tell their story. I'm under NDA for every 0:21:50.970 --> 0:21:52.830 one of these brands. I know too much and I 0:21:52.830 --> 0:21:55.230 know too much in order to help them connect the 0:21:55.230 --> 0:21:58.109 dots on the back end or remediate issues that might 0:21:58.109 --> 0:22:01.379 be challenging for them and really help them go faster. 0:22:01.560 --> 0:22:04.500 But the transparency part is what my cousins are missing 0:22:04.500 --> 0:22:07.050