Transcription
Hey everybody, happy Sunday. This is a little bit of a diverse one today. We'll be talking about profit taking, renovating, AI stocks, what to chase, what not to chase, how to optimize covered calls to make money, and what else? So much more. We'll be facing off between Cattle and Tesla. We'll be facing off between Google and Amazon and a ton of uh very important investing rules that you all need to be aware of. And uh let's go. Thank you TND Tesla and Sha D and C for being here. Let's go and check out the story. This one's called Discipline Over Greed. And there's a reason why. We'll get to that in a minute, too. And never financial advice. And thank you to everybody in Patreon for the questions.
First question is from Evo. Taking profit may be hard, but it can be addicting. Have you started to build your bare cash position? Is there a good dry pattern ratio to have relative to your portfolio or is AI momentum so strong that rotation is the real move? And as usual, a lot of these questions dove tail together. And we have a lot to get through, so I'm going to go pretty fast. Uh, I've been building up a cash pile for many, many months now. And the way I typically do it is the higher the market gets, the more conservative I get. When the market is, you know, depths of a bare market or a tariff tantrum or something, I go nuts. When the market's very high, I get very conservative. I hedge. I start taking profits. I start building cash. Uh my typical 5 to 7% cash pile is normal. Uh but right now over 10% currently at this stage of the bull. And remember, we're looking at two different markets. We have crypto and we have AI stocks. And the AI stocks are also getting pretty overheated. Some of them, not all of them, some of them. Uh, and this week I even put some money into STRC because it was sitting in an account getting nothing versus taking the risk of getting 10% for a portion of it, not all of it. Uh, so that's kind of what I'm doing right now. So, if you look at my portfolio, which you know, you see it, um, you will see this new edition of STRC, and we'll see how it does. Either way, it'll be exciting to watch. And, uh, let's go. I still will be adding to my AI stocks, but only on dips. We'll talk more about that.
Left hand screwdriver. Great job, I team. Keep up the good work. I'm 53. I like where I live, but the house needs renovation. I'm thinking of selling some of my Bitcoin to fund this 40% of my Bitcoin. In fact, I will still have enough Bitcoin, and I do have 500 Tesla shares. If I were younger, I wouldn't sell, but I don't want to wait another four-year cycle if we're to repeat the brutal bare market, Treasury selloff, etc. Is this a foolhardy strategy? No, it's not. Uh, I always stress it's very important for everybody to have their castle and you got to live a little bit too. You know, don't spend all your time saving and investing, especially you're a little younger than me. But it's important. And as I say, everybody needs a castle. If you're living in it, you don't want to live in a place that's dank and depressing. I know one guy who's lived in a house now for four or five years. He has even bought furniture yet. You can think of talk about that as a rate of deployment. He is uh too chintzy to even deploy on furniture. But what's the point of living in a house with no furniture? You know, there comes a time where you got to live a little, spend a little. Now, there's a couple of things I want to share with you. If I was in your position, and I've done a ton of renovations in my life, ton. I mean must have built at least 15 or 16 kitchens, tons of bathrooms, tons of renovations over managing properties for over a quarter of a century. But there's a lot you can do. So don't think about going big bang or bringing in a general contractor to do everything. But prioritize where you need the work first. I would go kitchen if you like to cook. If you like most families that spend a lot of time in the kitchen, knock that out first. Bathrooms. Bathrooms. Who cares? you can do them later. Um maybe a living room, maybe uh what whatever build your priority and also manage the project yourself. So for example, if you're doing a bathroom, you'll basically start with demoing. You can demo very cheaply and easily with one person in a day. You can then tile it, then add new toilets and basins and all that type of stuff. Uh, you can get really creative and you can do a lot for very little money if you PM it yourself and you can do it very quickly as well. We're talking a week if you're quick. Like kitchen improvements, uh, if you have good wood in your cabinets, repaint them really easy. Floors, you can get this really nice laminate floors, you can do those. You can knock them out for two or three bucks a square foot. Again, windows. Windows are important for installation and I've done many windows myself as well. Buy them, order them and get a friend and install them yourself. It's not hard. Watch a YouTube video. So, the key thing is the funding. Now, if you are doing it the way I suggest, not renovation advice. Well, maybe renovation advice. Why not? But think about the projects you want to do first. And this is the Bitcoin profit taking model I built for you. I assumed you have three Bitcoin, you plan to sell 40%. I wouldn't do that. I would wait for a pop to happen and maybe start taking a piece off at layer six, which would be $18.9% of your bag. You'll sell about $67,900 worth. That's enough to do a kitchen and a bathroom. Maybe some floors, too. Maybe a couple of windows. And then maybe that's all you need to sell. But don't go in there thinking, "Oh, I need to sell 40% right now. That might be too much." Think about the projects first and how much you want to sell. And then strategically identify your layer at which to sell at. Uh if you need more money than 67K, layer 7 the price of Bitcoin would be uh let me see let me zoom into this. Layer 6 is 120,12. Layer 7 is $128,383. That's where you take some profit. And if you want to take more profit, the higher you go, you sell more. And that's what I would advise. Left-hand screwdriver. I hope you like the answer. And to do it yourself, watch YouTube videos. And it's actually very rewarding and a lot of fun to renovate.
William D. James, I've recently become interested in the concept of cash flow over the idea that I need millions of dollars to live how I want. After all, it could take most of us our lives to mass millions, but a few hundredk might be enough to live pretty well if we know how to use it. For example, it looks like I can easily make 5 to 6K a month off a mere 300,000 selling put options once a week with very little risk of ever having to buy the stock. If you were doing this and relying on the monthly income for your living expenses, what rules would you put in place to protect yourself? And what would your reasoning be for each rule? Uh, that would be an interesting thought experiment since most people think they need big money to retire. Well, just for the record, in the '90s, I had nothing. I started with covered calls. And uh, let me tell you kind of the way I roll. First of all, you mentioned selling puts. Selling puts is a way of building a bag cheap, but not necessarily the best way to make money. Selling calls is getting paid while you hold a great asset or a number of great assets. Now, the wheel together are good. You sell the puts to build a position and then you sell calls against that position. But your main strategy should be mostly selling calls. Very important. If you sell a put on something and that thing goes to zero, you're wiped out. That's not good. If you have a core asset that goes up over time, that's better. And you can sell calls against that. So, I'm going to walk you through exactly a case of what I did very recently and how I roll. But first, the call selling rules. And again, everybody needs to learn this, but you need to be extremely disciplined, extremely patient. Don't force yourself to sell a call every week or sell a put every week or every two weeks, four weeks. You have to wait for the right opportunities. Okay? So, what I'd recommend is, and I'll show you the exact math of what you can do. Uh, sell calls on assets you own, long-term assets, things you want to build a bag, things that are going to 10x in the future. You know the names of those types of assets. Wait for big mean reversion spikes. I'll show you that in a chart. Sell far out of the money calls like 5 to 10% out of the money every 3 to six weeks. Um, also 3 to 6 weeks out. Very important both ways. Target low delta 0.2 2 to 0.3. Aim for 3 to 10% return per trade. Sell calls if premium has to be greater than 2% of the underlying or else it's not worth it. And enter on volatility spikes. This is probably the most important thing which is like a mean reversion spike. When the volatility is high, the premiums are high and that's when you sell them. And then you reinvest half of your profits again. Not spend it. Reinvest it for that rainy day. There'll always be a rainy day. And remember as well taxes. So I'll give you an example. The Tesla setup that we faced and you all know this trade. I sold the $500 calls out to the end of this month. They expire in 3 days and they'll probably expire at zero which was my plan. Now I had a big mean reversion spike. That's the red dot there. And I had a confluence sell signal on IDs. And of course the trend turned. When these three things tell you what's going to happen and you combine those probabilities, it's a slam dunk. People say, "Oh, how'd you know it was going to go down?" Well, the mean reversion model was 76.74% sure it would. And the confidence model is 94.29% sure it would. When you put these two probabilities together, your end probability is nearly 90%. You add in the the trend reversal, you're golden. And it's so funny because these things had gone from $21 down to $4. I could have bought them back last week for $4, but I decided to be greedy and let them expire worthless. And then I'll wait for the next spike and I'll do it again again. So a quick example, if you have $300,000 portfolio and you have to, by the way, always have margin approval, then you can buy 600,000 worth of gear and don't have all your eggs in one basket. But in this simple example, 600K of Tesla would be 1,400 shares. If you take the call that I sold at $21, which was out of the money, the stock at the time was $470 approximately 475 and about four or five weeks to expiration. I got $21 per contract. You would sell 14 contracts representing your 1400 shares. Your 6 week return would be 29,400. You put half of that in the bank and reinvest it and the other half you spend to live on. Remember to pay your taxes, too. These things are short-term capital gains. But the annual amount you can make is 2548 just on this if you know how to time it and be very patient. Now, this all sounds very easy. It's easy if you have a process and you have extreme discipline. If you don't, you will get wrecked. you will not succeed. Okay? Because investing is hard. If this was as easy as I laid out, everybody will be doing it. But if you have this method, yes, it is easy. So, uh, think about that. Think about a couple of good assets. You can sell calls on Nvidia and Tesla, maybe some of the Bitcoin miners. Uh, and that's what I've been doing. In fact, I've been selling so many calls on CleanSpark position, I've actually been paid over $7 to own CleanSpark. My position cost nothing, but I sell calls on these spikes. Most recently, I sold uh the calls for $4. So, I think my credit was $3 or $4 before then. I sold another $4 of calls. So, that credit becomes, you know, $7. You own an asset for nothing over time. And I would like to stress one thing again, very important. You sell puts to build a bag and then you sell coals against the bag. That's the easiest way to play it. Don't overthink it. Some people call it the wheel. and I enjoy selling both. So, hope that helps.
Next question is from Ronaldo. You are the no king of NFA. That might be a political statement. I don't know. I should have mentioned that. Anyway, I was just like I Anyway, not financial advice. I've been wondering what's going on with Amazon. It's been doing quite poorly on the charts compared to its peers, and we don't hear much hype. Pair charts against Google look painful. We know Amazon AI play focus on scalable infrastructure via AWS and integration across e-commerce cloud consumer apps and GR tells me they make custom chips tranium for training inferentia for inference cut cost 50% for Nvidia 75 billion annual capex for AI data centers including nuclearpowered expansions and more but I'll keep it short I'm wondering if the sleeping tiger will make a big bounce soon and I thank you every day for to the stream of refined information. Amazing stream of Thank you so much. This is an interesting question that comes up at a very interesting time after a very interesting week. So, it's like a perfect perfect position. We're going to look at two stocks, but first we're going to dig into Amazon and then compare them and identify the faster horse and what you could play. So, first of all, the impacts of the AWS outage. Brutal. brutal across the board. You can see some of the summary data here. Um I mean 11 million reports, three million companies in the US alone. Companies affected still affected by the outage nearly 400 companies overall impact big, very big. Uh also there was other bad news happening all during the same week. there was news uh that and I don't know how true it is but allegedly AWS fired 40% of their DevOps team and if you know technology literally DevOps do not get enough credit shout out if you work in dev developer operations they are the backbone of every technical operation it's ironic AWS whacked 40% of their DevOps team and then to let AI take their jobs and then they have this huge outage This happened 3 days before the AWS outage. Okay, AI is good and everything else, but when you have something mission critical like DevOps, you do not want to do that. Um, anyway, that was when the system glitched. Can't make this stuff up. Also, this was another piece of bad news for Amazon. There was a memo leaked that uh I think to New York Times or somewhere like that. uh they plan to automate 75% of warehouse operations and either replace 600,000 US workers or not hire 6,000 US 100 workers. It's it's all nobody really knows. But the docs also show their crisis communications using weird things like cobots and robots and co-workers etc. But uh just for the record, Amazon has continued to grow since 2018, but they had peak US headcount um way back when. I think peak peak global headcount was in 2021. Peak US, I don't know, 2018 or something. They're growing, but they are also expanding a lot with a lot of robots. So there could be smoke where there's fire and there's obviously, you know, Amazon is a very AI intensive, robot intensive business. So, it's probably true. Now, let's look at where we are and what's going on with Amazon. First of all, AWS is the 800B gorilla. Uh, I always say winner takes most. They were the winner for the longest time, but then Microsoft and Google saw how much money they were making. I can't remember the exact stats, but 80% of the bottom line attribution that Amazon makes comes from AWS, not from selling stuff. And they started AWS because they couldn't find systems to run their e-commerce business. Wild. I think uh AWS is 124 billion growing at about 15 or 16 or 17% per year. Azure is 120 or 110 billion or something growing about 26%. But Google is only 54 billion but they're growing closer to 40%. So the Google are growing much faster. You got Alibaba, Oracle there. Oracle by the way were in the headlines a few months ago or having such a backlog for compute but then it was found out that they were only making 1% margin on compute. So be careful out there with all the dreams of this business. It's cutthroat just like Bitcoin mining. uh but that is uh the big situation. Now let's look at the financials of these two companies. Amazon is 18% overvalued currently. Sorry, 18% undervalued based on simply Wall Street and Google is 6% overvalued. But this is where I don't agree with these these numbers as well. I do believe Google right now is stronger than Amazon despite simply Wall Street believes it's better value because growth the growth ratio is the most important thing. Google has faster cloud growth, 32 to 40% year-over-year, outpacing AWS's 17% because they're the big gorilla. And after this outage, everybody's going to be looking to go multicloud, uh, pivot away from AWS for the concentration is just too risky to have all your eggs in one basket. I'm sure a lot of the cryptos that went out as well, like Bass and parts of Ethereum and, uh, a whole bunch of other players, uh, Coinbase, all were impacted by this, too. And it's not good in this day and age to go out. Uh so post outage I think a Google cloud platform will grow a lot faster. And Google also has much better AI and much better stack. There's docs and TPUs and models and tooling that give maybe Google a future edge even though they're coming from behind. We shall see. But let's look at one final thing. Uh the chart. This is the Google Amazon chart since 2020 and Google has beaten Amazon by 160%. So netn net net for me I think Google is the faster horse. Uh AWS's reliability was heavily dented. The reputation was damaged. The leak of the the either terminating 600,000 people or something uh scared a lot of people. We don't know what's going to happen. uh but relative to positioning with faster cloud growth and the quantum computer stuff that they have going on, their AI capabilities, their Gemini 3, I would definitely lean much more towards Google and Google is one of those things that I would like to get into again. I sold it, but now I want to get back at one stage. Anyway, hope that helps.
Next question. Uh related to these things, they're skyh high. I'm waiting for them to fall into my traps. I know your valu I know valuations are skyh high for the AI leaders right now and you've been waiting on IA9. How likely is it that the market is correctly pricing them based on real AI advancements and productivity gains? Uh drawing from your recent POMO which is pain of missing out newsletter on missing on compounding and generational plays. If these companies keep outpacing expectations, how probable is it that we'll get sidelined and we'll feel the pain of missing out? Very good question. I think about this all the time. Um, first of all, I9, you know, it's it's a plan to be in the winning IIA companies for the year 2030. Not for all of your portfolio, but your IIA portion of your portfolio. So for example, you could be 50% IIIA or 50% AI and 50% uh crypto for example. Um, but I also believe uh I like not to chase assets. And this thing took four months to put together and I kept on waiting for the time to enter but they kept going up and up and I don't chase and that's just me. But I've been around long enough to know that things do fall into the traps if you're patient enough. uh and I will be layering and not chasing. I will be selling puts for example. I will resist buying during this huge market surge. I have extreme discipline and extreme patience. I know what I want to get. I know how much I want to allocate to it and I know the price target in 2030 and I know the price today. I need to make my multiples. Buying today is not good. But I also know when I'm looking at nine assets, one of them, two of them, three of them will fall into my trap every three to six months. That's when I go and that's what I do. And that's why I wait so patiently. For example, when uh Nvidia fell to $88. I pounced immediately. I actually bought twice in one day, which I very rarely do. It's like, "Oh my god, this is so good." And I was like, "Oh, let's do it again." Boom. Boom. So that's what you have to wait for. everything will will always fall into a trap. I've got limit orders limits set on Trading View within Lilo and ATR and I will make these entries very disciplined. Now, one thing I also know is gray and black swans do happen with great regularity, typically once or twice a year, and I'll be prepared with dry powder to pounce. We'll talk about dry powder. We talked about dry powder at the very beginning, but extreme valuations I don't chase. And I don't want to say I'm a bit of a Warren Buffet, but he's nearly 40% cash. But he is kind of the same way. And maybe I learned this from him. Wait, wait. When markets get frothy, be patient. Stack cash. Play the long game. Don't be impatient. Okay, this is a very very long game over our portfolio that'll be around for the next five to six years. Layering will help me capitalize on these fluctuations. So, that is kind of the way the way I plan it right now.
Next question. Um, show and go. How do options trades with reverse stock splits play out? I know with normal stock splits it's a very good trade, but with a reverse stock split, is it a bad thing? This is a couple of lessons I hear in this one. First of all, penny stocks turn off. Penny stocks are garbage. They're typically under $5, very bad liquidity, very crappy companies, very low trading volume, very low market caps, and most of them, nearly all of them are ineligible for listing options contracts, okay? They're prone to pump and dump schemes, yada yada. You do not want to own penny stocks. So, and you definitely do not want to play options on penny stocks. And you definitely do want to do not want to be exposed to reverse stock splits. So stock splits are good for stocks. Reverse stock splits are the kiss of death. Okay. Now, so for example, uh to get listed on things like NASDAQ, you need to have a minimum price. A lot of companies, we saw this happen with Saul Strategies as well. They had to do a 841 reverse stock split so they wouldn't get delisted or so they could get listed or something like that. I can't remember. But once I heard that, I was like, "Okay, bye-bye." because I know once you do a reverse stock split, the result is always bad. Just like a stock split, it's always good. It's just just how it works. Now, regarding options, they do get messy. Um, and again, most penny stocks wouldn't have options capability anyway. But if there was like a 101 reverse stock split, your shares per option would be 100 shares. After the split, it's 10 shares. strike price would go from $1 to $10 and your contract multiplier goes from 100 to 10 and that's simply how it typically works. But I don't remember seeing any penny stock that ever had options. Uh I can't recall one. So just stay away from crap be in the top 0.3% of assets, everybody. I'll stress that again. And number one rule in investing, do not lose money. No penny stocks. Okay? It's pure gambling. That's it.
Dinoa Salana ETFs and SSK. Do you think SSK will do well after the Salana ETF arrives or will it drain off due to potentially higher fees? Well, let's look at SSK. They've already built an impressive $414 million bag, nearly half a billion dollars in not many weeks. So, that's been super impressive and the flows have been steady. and the sole ETF list so far with some of the expense ratios I see. Yes, you could argue Rex Osprey is a little bit more expensive at 75 basis points, but they do have a spot in staking. Uh Bitwise and VANC are coming in at 0.2 to 0.3, which is a lot less. 21 shares 0.21%. They're trying to even undercut the Bitcoin ETF. these things what will be important table stakes is staking will be important to have uh for these products and also um low fees to some extent. Now even though SSK has been as generated nearly half a billion dollars, they do have the first mover advantage in the US and normally you might see 10 to 20% of assets under management drain to the cheaper options, but normally not. So we'll see. And they do have a very good track record, very minimal tracking error post launch, etc. So I think they'll be fine again, but the more the merrier in the space.
Next question is from Avocado. Should we be worried about data centers energy usage getting pushed back by the communities where they are built? I see the bipartisan efforts against data centers energy usage and the effect on utilities cost to communities and seems like this could be a major political issue in the near future and that AI and the data centers will face. Well, if you're in California like I am right now, you have a company called PG& that keeps jacking cost electricity and literally nobody is setting up data centers in California. It's too expensive. they can't afford the electricity. Um, but do the communities complain? They should be complaining a lot more as rates went from like 15 cents a kilowatt hour to 45 cents in a very short window of time and will continue to go up. But that's not because of uh data centers. It's because of corruption and monopolies and no free market and that's the biggest problem. But let's talk about AI data centers. Yes, they will require 10 to 50 times more energy than traditional cloud data centers because of the intense processing and they will be consuming over 10% of US electricity by 2030, but as I always say, systems will grow to scale to meet demand. Yes, there'll be some bumps along the way, but I think they'll be able to make it happen. And yes, there will be community concerns. Then yes, we even have state level actions like Iowa and Georgia have imposed moratoriums on new data centers and data center energy use is emerging as a political issue just like we used to hear the same old BS with Bitcoin mining. Oh, it's going to boil the oceans. Well, data centers are like 100 times worse than Bitcoin mining just for perspective. Now, there's a couple of things that are happening. the industry like XAI and Google they are building their own solar projects their own maybe leveraging some nuclear you have uh Elon Musk he bought a gas turbine another power generation business or whatever factory and he's disassembled it and rebuilt it in the US so there a lot of these players are building their own energy supply clean energy supply and not even relying on the existing grid. We just going to see a lot more of this happening and uh there will be more stricter regulations of course and intense debates but it shouldn't really impact the prices. the prices have tripled without data centers and AI uh for example in California and they're going up across the board and maybe a lot of these utilities would just point the finger and say it's not us gouging you it's AI which they'll do as well so don't worry about it too much
Next question is from Magnum. I have stock and shares in an ISA account and I feel like I'm missing out but not trading on it as it's taxfree what model would you recommend if I'm a complete beginner here and are overwhelmed by the charts. Couple of trades a month would satisfy me even if it's a few percent gain. Can only trade spot. I appreciate all the knowledge. Well, I like the way you're thinking. Yeah, you can. The gold standard is IDSS which I showed before, but that might be too much overkill, but HR is super simple. Just drag and drop the bar where you want it. Pick your 12h hour, your 24 daily time frame, and it'll tell you when to buy and sell. It's really simple. Watch the back test. It does it all for you. These systems take away 90% of the heavy thinking and timing you have to do yourself. They help you make better decisions. They don't tell you what to do, but they increase the odds of you winning in this cutthroat game. So, hope that helps.
Next from Lumox, the sentiment is showing us that Tesla faces significant competition in the energy. By the way, tons of energy questions. Energy storage side of the business. When you model out energy revenue, do your projections account for increasing competition in that space as infinite demand may be satisfied by other players? Hats off to you and the whole team. Lox, I like the way you think ABP. Always be paranoid and always have your head around the corner seeing what's happening. But first of all, Tesla leads the pack in the not heating in the energy storage market. I don't know how that got in there. uh they have about 25% of the global battery energy storage uh market. Then you have players like Sunrow 14%, Cattle 10%. Influence are getting traction as well. But the key what people always say you know for years with Tesla is like oh the competition are coming. But remember they have extreme excellence in efficiency in volume and the time it takes to spin up these energy storage things in their battery cells. Um, nobody nobody can match that. Also, the fact that they're eating their own dog food, what we used to call dog fooding with their own data centers. They figured out exactly how to smoothing out the electricity. And to make matters worse for the competition. Tesla doesn't stand still. They continue to iterate and make their products better. So, the Mega Pac 3 was already the best storage solution in the market by far. Now, they just launched the Mega Blok, which is 23 23% faster to install, 40% lower construction costs, plug-and-play platform, 91% roundtrip efficiency, 20 megawatt hours of usable AC electricity, etc. Runs in any temperature condition, will last for 25 years. Nobody has this. Nobody. Now, Tesla as well, their true edge is software. Their software runs better than anybody else. They've got a thing called auto bidder which uses AI to predict market conditions and price accordingly and it boosts ROI by 20 to 50% of which Tesla also take a share of that from the utility. And they got virtual power plants all over the world now and they do overtheair updates and it's just rock solid. So will the competition come? Yeah. Will Tesla still sell everyone that they make? Yeah. Will they still do it at very high margins like 31.8% margins? Yeah. Will they continue to reiterate and make it better? Yep. So, don't worry about the competition. Plus, the demand for this thing is through the roof. Because the simple little chart we tried to put together around what these things do, it smoothens the power spikes. If you have GPUs that cost billions, they can't take a power spike or else you blow them up. Then you lose billions. And this is why it's so critical even across milliseconds to ensure grid stability and continuous AI operations. No big flux spikes which can destroy everything. This is where they have the edge. So don't worry about the competition. And this week we donated to the Bat Conservation International to help support the mission to end bat extinctions worldwide. Bats are cute. We have them here and uh it's fun to see them at nighttime and they help eat the bugs so you should be happy when you have bats. Don't be afraid of them. Thank you so much. And tomorrow morning DCA with the team as usual let's get into some live questions as well. But before I do, thank you IQE Labs, Boris Young, KPM, Clint the thirsty sponge and Silan Muster, Joe Biden's AKR Dogwan, Vuvian Maniac, Soul Strider, Soul Strong today. Thinking 103, Mary Mula, DBF430, and a bottle of red. Appreciate all the people from all over the world. Let's get some questions going now. And they're not here yet. There they are. No. Oh, look at that. Your Google verification code to connect a new device in Antwor, Belgium. Call us immediately if you did not authorize this. These Google scams are coming literally five to 10 times a day. Remember, Google will never call you. Coinbase will never call you. In fact, try call Coinbase. Try get a human on the end of the line. You'll never never get it. So, all these scams are just out of control. Let me see. I gotta pull my phone because I do not see uh questions should be coming in. But you know, I can pull them. I think I can pull them myself. I go look for them. Um, Whoops. Sorry. Where are the questions? Um, just want to show Oh, there they are. Vuvia Man, just want to show a little bit of love for one of my favorite YouTubers. Thank you, my friend. You have by far the most datadriven analytical channel I have seen. Year to date, you're the goat. Thank you. Uh remember, data is everything so important. With that data, we're all completely lost. So, I am glad you appreciate it. And Mary, any opportunity with zel getting into stables international? Um like if you look at stable coins, this is where it's very important to be a first mover advantage where Tether crushes it and then you have Circle also tying up a key distribution channel like working with Coinbase etc. It's very hard for other players to get in. All of the big institutions are trying to get into stable coins, the JP Morgans of the world, etc. I'm sure PayPal, zel, it'll just be another number. But to not have that critical mass and the broad acceptance in the ecosystem, it's going to be very difficult for them to compete. So I wouldn't get too excited about zel getting into stables. And thank you as well for your super sticker once again. Max Grease, Forest, IQ Labs, Bars, Young, Clint, Silan, Joe, Dog, Soulstrider, Signal 13, DBF 430, and a bottle of red. Thank you all for coming. Have a happy Sunday. And it's stormy here, and I'm glad the electricity held. Speaking of energy and electricity madness, what a world. And a shout out to Sha and TD Tesla. You guys rock. I appreciate everybody. Have a good night. I'll see you tomorrow morning. Bye-bye.