Transcription
Let's go. [Music] My lord is lucky. The streets are empty in Marseille. It's more convenient for visiting the city. I am lucky. Hello everyone, it's I hope you are doing well. I hope you enjoyed the little introduction and indeed we are lucky. We can clearly see that the crypto market is currently waking up. Before I start, before talking to you about all this, I invite you to join the Discord of the Market Kings, link in the description. Inside, there is documentation called the Four Kings Strategy. Do not hesitate to use it, to immerse yourself in it, to inspire yourself from it to also find your own investment style, whether it's for the medium-long term, very long term, traditional market or crypto asset. And sometimes between these two markets, there is only one step and we even talked about it with the academics no later than yesterday and I will show you a chart that we looked at playing out exactly a year and a half ago. It seems that it has worked rather well, like other cryptocurrencies that have performed well and rather traditional markets. I will tell you about it just after. Thank you Marstnouf for this rather nice share. Well, we can clearly see that it's waking up a little on the crypto asset side and particularly with Bitcoin, even more so with the whales and the small whales and even all the portfolios that seem to want to join the party of this return of volatility. This return of volatility. Well, it's very positive to observe. Just before moving on, I warmly invite you to join the Bitcoin Kings channel and to watch at noon today precisely the AMA that I did with Aurélien Girodon, the CEO France of Swissborg. We spent time together and congratulations to all those who followed the link in the description for Swissborg. You have a giveaway between 5 and 50 dollars and also an additional giveaway following this AMA which will be posted at noon with Aurélien. So congratulations also to those who played Borg since it has gained more than 100% in the last three months. So if you follow the Four Kings strategy, you know exactly what you have to do. Reward yourself for a job well done and if you believe in it, why not continue to swing it over time. What has changed on Borg in a few weeks? We will talk about it in this video because perhaps we are not looking where we should be looking. We will talk about it just after. On the Bitcoin side, I will only talk about that. From a chartist perspective, we would be integrating the 50-period moving average in daily. Well, that's exactly what we were expecting. Now, well, we just have to not go back below it because if we go back below this moving average, you know what happens. We will look for the lows below. And so that's why I say don't panic if we go to $106,000. On the other hand, what I want to observe is rather a bullish acceleration and the news is potentially in our favor, including news today that is clearly not going unnoticed. We talked about it in a very reserved way this year, whereas we were much more present about 5 years ago and it happened. I obviously want to talk about what? It's perhaps what's giving a bit of a handbrake effect, the shutdown. So, what is the shutdown? It's simply the closure of non-essential American administrations. We will notably talk about the BLS, the labor department, which should share the employment figures no later than Friday, and if there is a shutdown at that time, they simply won't do it. So, to understand the economic risks in case of a shutdown, it's not the first time it's happened. It has happened dozens of times in the United States. It's simply the re-evaluation, so the increase of the American debt ceiling to be able to continue to run its administration. Well, it happened in 2018-2019, I don't remember, 2018 or 2019, you'll put it in the comments. It lasted a little over 30 days and everything went rather well and the markets took it rather well. So even if they take it rather well, it doesn't mean that it can't perhaps cause a bit of friction in terms of volumes and in terms of market nervousness or perceptibility. So if we reach an agreement today because it's today that an agreement must be reached, otherwise shutdown, obviously, it's Tuesday the 30th today. I hope we can put a little accelerator on and remove the handbrake. In any case, the handbrake currently is called Shutdown and it should logically resolve itself well. It's never different. I will also tell you in this video if you stay with me until the end about the next potential x10 or x100 crypto gem. I shared Apex with you 10 days ago. Congratulations to those who took profits, you clearly got your money back. The thing it did in 48 hours was a small x10, so rather interesting to observe. Well, I'll give you the next one simply and I'll tell you where to look and why there's so much excitement around these decentralized exchanges. I think we don't have the right narrative, even if it doesn't change much. You'll understand that today. On the Swift side, I ask you the question: isn't it already priced in for Ethereum? This news arrived yesterday, but you can clearly see the interoperability of the emerging existing financial system. This initiative marks an important step in the adoption of blockchain technologies by financial institutions. We are talking about 30 institutions including JP Morgan Chase, HSBC who support the project. They haven't supported it for more than 48 hours, the project. It's been months, maybe years. In fact, we've been talking about blockchain integrations through partnerships with Swift or tests since 2023. We're talking about Linea, we're talking about a partnership with ConsenSys. That's a bit of the big news, they specialize in development and in financing. Well, in fact, they are funded to develop the Ethereum blockchain and all the L2s, etc. So, rather in the Ethereum ecosystem here. Well, isn't it simply already priced in? Isn't that ultimately what we priced into Ethereum to have this price difference with more than 300% increase in the space of 3 months? It's not impossible. by insider sites, but you can imagine that many insiders were aware that this was going to come out. We don't form a partnership with ConsenSys in 48 hours, so perhaps that was the news we were waiting for to see and observe the price of Ethereum at these valuation levels. I'm not saying we're at a top, I'm just saying that well, we have to wait for new news, things we don't know today to be delivered to us, and currently, well, I don't see them, but it's perfectly normal not to see them. I'm not part of JP Morgan's inner circle, proof to the contrary. However, we do see other things. I'll bring you other news. I hope you'll like it. Uh, follow. Yes. Okay. Testing the system migration to Linea. These are tests. It doesn't mean they will choose this Layer 2. But it's rather positive, everyone will have something to eat and drink. I remind you that Swift, there is an important thing to understand. Do you know what Swift's annual volumes are? This international interbank network, it's 1 million billion dollars in volume per year. I repeat, 1 million billion volume, that's 10 times the world GDP. That's the Swift network. So you can imagine the money that flows through these international payment systems, and blockchain could capture a part of this value if it were simply built on Ethereum. Of course, they will use the network and the security protocol of Ethereum, but they will of course also use their own technology, their own blockchain. Notably, JP Morgan had developed its own blockchain and it seems to be working rather well, proof to the contrary, what are called private blockchains here. And I think that's clearly what will be deployed in the first instance. So-called private blockchains. An explosive month for cryptocurrency. Why? 16 ETF decisions in October. We will talk about Solana, we will talk about XRP, we will talk about Dogecoin, we will talk about whatever you want. You have them here, we knew it, we've been anticipating it for months. Will this allow new financial flows within these most capitalized cryptocurrencies? Well, I want to say yes and no. Yes, because it's accessible. No, because it's not working well. We saw it with Solana, we saw it notably with Solana staking which is coming. We also saw it with Dogecoin. Well, the volumes are just nothing. It's all for Ethereum and for Bitcoin. Moreover, we see nice inflows on the Bitcoin side. Here, apart from BlackRock which is withdrawing $37 million, but if no, not $37 million, I'll refresh. It's no longer the 26th, it's the 29th, it's more like 500 million, so more than half a billion, $46 million outflows for BlackRock. I dare hope it will be the opposite. Ethereum is a little less strong, even if there are extremely massive inflows, we're talking about billions. When you see this, it's not complicated, multiply by 4 or by 5. So, that means Bitcoin would have integrated approximately 2 billion dollars in inflows. And that's what's surprising, is that here you see half a billion dollars in inflows on the Ethereum side, but the price of Ethereum doesn't seem to be really reacting positively. You see that I don't know if you put 2 billion dollars into Bitcoin, it's clearly an absolute record. We're talking about it, honestly, it's crazy. 2 billion dollars in Bitcoin, that's insane. It should explode. Well, that's exactly what's happening in terms of capitalization compared to Ethereum. It seems that well, unfortunately, even if the volatility is a little more exacerbated on Ethereum, there isn't really what we would expect. So there are sellers, obviously, when the news is consumed or the biggest news is consumed, it's normal to take profits at these price valuations. It's completely natural. Well, I also remind you that the big players don't sell when it's falling, the big players sell when it rebounds, on a dead cat bounce. So maybe we are experiencing a dead cat bounce, but we will only observe it again. I think we're going to squeeze everything and go north. In any case, I personally hope so. Trump moderates his tariff plan on wood and furniture. You know that this came out on social media. He wanted to tax all countries that did not manufacture their furniture in America, in the United States. Well, that's completely crazy. So I was scared. I immediately went to check my IKEA stocks. So I went to see IKEA. Well, no, I won't go. In fact, IKEA is not publicly traded, so don't be afraid. And if you have IKEA stock, it's not IKEA stock, it's perhaps tokenized stock, but it's clearly not IKEA stock. Be careful about that. It's not a listed company. It made me laugh a little, and indeed, he proposes, he tempers, he moderates his words as he so often does. Obviously, leave long on that side, but it just made me laugh a little. The most beautiful image we should see today is perhaps this one, which is once again shared massively on social media, whether on Twitter, Instagram, or Facebook. I see it passing so often. We'll look at it together, I find it really nice, and we'll look at where we are currently because, ultimately, that's what we're playing for. We're playing for adoptions. I'll also tell you about Bitcoin adoption. Currently, we're talking about 10 to 15% Bitcoin adoption, but that's a misinterpretation because we're talking about Bitcoin wallets here. We're clearly not talking about the number of individuals. For example, you, who are watching me, perhaps you have 10 Bitcoin wallets. I'll watch it until the end. We'll put it on. There. And I'll take a little break, okay? Now, back. There. And take a break. We're talking about approximately 10 to 15% of the world's population currently holding cryptocurrency. Which is completely crazy. In fact, the most recent studies explain that we are between 4 and 4.5%. So, if we take 4.5% in relation to adoption and in correlation with the internet, it's around 1999. Except there's a big difference between 1999 and the dot-com bubble or pre-dot-com bubble and Bitcoin. We can talk about the crypto ecosystem. It's that in the space of half a quarter of a second, you can create a Bitcoin wallet in a fraction of a second. It was still a bit more difficult, wherever you were in Europe or in the whole world, to be able to connect to the internet. You can imagine that you needed a computer, you needed a subscription, you needed a connection, you needed the box that made a very nice little noise. So it wasn't easy to initiate this adoption, and it had to be fueled by governments to equip their citizens. Everyone has a smartphone, everyone can create a Bitcoin wallet in half a second. And that's the big difference. That's why we shouldn't be too attached to this lack of volatility, because in fact, everything can ignite like fireworks. That's what I've been trying to show you for a few days now. And all the seasonality, the cyclicity are bringing us to this point. So we are exactly in October, we are here, and cyclically and recurrently, this is clearly when Bitcoin does its crazy things. So I say to myself, starting from here to get there, we double up. So Bitcoin could obviously reach between $190,000 and $230,000 in the next 60 days. My objective remains the same, it's October 27, 2025, $230,000. I've been telling you this for 3 years now. Frankly, we've never been so close to this figure. And we started from $48,000 before going through $15,500. So honestly, it's been rather rather nice to be able to share this with you. Now, if we want our favorite cryptocurrencies to start appreciating, we will need a narrative that we have discussed on this channel for several months now, and I'm talking about it again today because I'm going to talk to you about this famous x100 project. So there you go. So if we take the cycle, it's now that everything must express itself. We don't care about this. We don't care about this, not necessarily. This is the number of cuts made by central bankers over calendar years. So we see here that the biggest cuts were around 2009-2010, so after the subprime crisis, here 2020-2021 during the Covid crash, and here we are already at 168, even more now, cuts in 2025. However, we generally cut when we are in crisis, and it seems that something is happening, and we simply don't see it. So, we could possibly talk about the credit crunch, we could possibly talk about inflation, we could possibly talk about a potential recession, we could talk about an explosion of a state crisis, oil, commodities, I have no idea, I don't know. But it seems that something is bugging in the matrix right now because generally when such massive cuts are decided across the entire global economy, it's because there's a problem with global growth, and it seems that global growth is being maintained. It's stable, in fact, it's not necessarily very strong, but I have the impression that in unison, many have anticipated a very strong slowdown for 2026. 2025-2026, and perhaps extending to 2027. So I don't really know how it's going to end, but well, if we say that central bankers are too late, no, there's only Jerome Powell who, based on the elements he has, seems rather promising, in fact, they are not at all, because we know very well that we have to multiply by 3, by 4, or even by 5 these figures that have been presented to us by the BLS. Well, let's assume that we are covering something that is not very positive. I hope I will see it, and I will see it technically first, and I will share it with you. But currently, I see nothing. So if we see nothing, then we just have to play the flows. This has also turned a lot. It's the famous buffet indicator. It's not new, it's been around for several years, even decades. We don't really know why it's starting to turn. Perhaps it's this famous 200% that has a bit confused our analysts and economists, which is actually a data that is no longer current. In fact, it needs to be updated, and the update comes from the yield. You know, when you invest in a company, you don't invest based on what it gave you. You invest in a company based on what it can give you tomorrow. And if we take an analogy from about 50 years ago, even over 20 years, if you go back to the 2000s, the average company yield compared to the S&P 500 was 6% annualized. Today, we are closer to 12% annualized. What does that mean? It means that the digitalization of uses has increased the yield capacity of digitized companies. That's what digitalization has allowed, to increase margins. So if we take that, well, you simply divide by two, we go from 6 to 12. So, compared to what we are observing on the market buffet indicator, well, we are closer to neutrality, we are closer to one here. So rather on this gray line. Moreover, I will add something very important. This thing also concerns a very simple calculation: taking the GDP, or rather the market capitalization of American companies divided by American GDP. Yes, but you also have to consider that American GDP and American companies derive the majority of their revenue in the United States, which reflects the capitalization of American companies. However, you can imagine that for 50 years, the large part of American companies, especially digital ones, we're talking about the FAANGs or the Mag7, I don't know. You can talk about the top 10. Well, roughly, a very large part of their revenue, more than half of their revenue, is generated outside the United States. So it's no longer really a data to consider. But if we think the market is overheated, maybe not. But hot, yes, without a doubt, especially regarding hyper-concentration. So if they don't deliver the promised profits, so to speak, then there will be corrections, and corrections that will be very deep, that will be catalyzed, that will be a snowball effect, and at that point, well, indeed, there might be a crisis, but I hope we will be there to analyze it technically. I took a look at the Chicago Mercantile Exchange. Why? Because I wanted to put myself back in the situation of November 2024. That's when we saw the famous peak of the crypto season, since many of our cryptocurrencies are lower than in 2024 compared to the same period. So September, October, November 2024 compared to October, November 2025, even if we are not there yet, we are approaching it rapidly. And I asked myself, was the crypto market even more excited than currently? Because I feel much better today than a year ago. Well, it seems that institutions are a bit withdrawn. You see it from the quotes here, it's almost 40% less, or even 50% less in terms of allocation, in terms of positioning, regarding long, short, hedge, etc. So, I think there is plenty of room. If you assume that, yes, no, we have too many open interests, it's too high, we are at 30 billion dollars in open interest, we lost almost 3 billion and we were cut at the knees, we can double. Assume that we can easily double, on institutional flows without any problem. We can reach 60 billion, 70 billion dollars in open interest, no problem. So, we can make a small fractal comparison with the previous cycle. What we generally observe near the top of the cycle that we may have potentially experienced previously but which was simply canceled, is here large open interest, here higher level of OI. So here funding, sorry, open interest at the highs, and here even if we see it a bit delayed, you have, we are clearly in contango, so you have a huge spike between contango and backwardation, what are called spreads, wow, and in fact, we find ourselves a bit like gymnastics. We are here, huge positive spreads, contango. Here, positive spread, backwardation. Here, funding very positive, very positive, very positive, very positive, and open interest at highs. Open interest at highs. Open interest at highs. Funding, well, even negative. No, at the end of last week, we were even on negative funding. We are currently in backwardation. We are trying to enter contango, but we are not succeeding. So there is plenty of room to move and to do something crazy to reach 60 billion dollars or even 70 billion dollars in capitalization. So I'm not saying it will happen, and I'm saying there is room for it to happen, simply. I'll continue with three small things. Uh, what was it? It's this Bitcoin and internet. Yes, I told you about it regarding adoption, regarding the video just before. So as it's calculated based on Bitcoin, on the number of wallets created, I think you can easily divide it by three or five. Personally, I am considered as 25 individuals. If you take Hacher, he is considered as 500 individuals because he has as many wallets as accounts, as Metamasks, as Bitcoin wallets, as wallets for everything you want. In fact, we have so many each since we try to try everything, etc. And in fact, in the statistics, in the numbers, in the numerical value, we take one wallet equals one person, which is completely stupid. I can understand that for a bank account, there is potentially one person. Maybe one person has maybe two bank accounts, and even then, it's not the majority, but if you take the wallets of people who have been in crypto for more than 3 years, we have 25 or 30. That is to say, if you have Swissborg, Bybit, Binance, Bitgate, and Mexi, well, you are considered as five people. Well, that's a bit limited. And that's how it's calculated. So that's why the best sources and data invite us to believe that we are between 4 and 5% adoption of Bitcoin or the crypto ecosystem, which seems perfectly reasonable to me. So we are still far from having this surge of adoption. And moreover, I'll tell you for sure, what does 4 or 4.5% of the world's population in terms of adoption correspond to? That gives you one person out of 25 on average. So that's why you might feel a bit alone. I feel a bit alone. You, you take the 25 people around you, they don't have Bitcoin. Is that true or not? Ask yourselves all this question. That's the secret. Who, what? In what quantity? If you survey the 25 closest people, you realize that maybe one, if you're lucky, owns cryptocurrencies, a small wallet, a small Binance, a small something. In fact, you realize that we are still very, very far from adoption, but so far from adoption. So, what do we need for adoption? Momentum. And that's how markets work, especially the most speculative markets, for the simple reason that we are in an extremely speculative market. I'll take this chart again, not necessarily what I wanted to do, but I always find it interesting to share it with you. Here, we had done this work on, on what? No, it was here rather regarding Elliott Waves. Yes, it's old work we did, we did it together, notably live, and you had things here. Yes, here I'll zoom in very hard. Bitcoin is nothing. $1 Bitcoin is a joke up to about $200. $100 when we pass $100, Bitcoin is a joke. We're already starting to hear about it. Maybe you heard about it at that time, but very far away in echoes. Bitcoin is something. At that time, it was 2017. That's when we reached $20,000. That's when most people became aware of Bitcoin or at least heard the word Bitcoin, that Bitcoin is something. Then we entered a new value cycle. Here, Bitcoin is a speculative tool for institutions, ETFs, BlackRock, all that was predicted, all that was foreseen. It's not a crystal ball, it's just a thesis. So what interests us is not what we are currently experiencing. Well, congratulations Hermes, you were right, it's incredible. You've been sharing this with us for 5 years. It's, it's yes, but wait, it's not over. Bitcoin is insurance. It's there, it's the collateral. It's the collateral of the crypto ecosystem. It's potentially the collateral for the sustainability of national debts, state debts. Bitcoin is insurance, collateral, a chimera of trust, perhaps. I don't know if we can call it that, but it's trust. We trust Bitcoin, simply. And it's in this part that states are generally most hesitant regarding Bitcoin, they will simply probably ban it. It's a bit in this time frame. Yes, between $200,000 and $500,000, we should have fierce constraint, particularly from individuals, and a full and absolute takeover by private companies which are indirectly controlled by the state. So for now, we are a bit calm. Don't think it's going to be all green, all blue, all rosy. No, it's going to be black, it's going to be gray, it's going to be bloody, it's going to be dark in the coming years for those who have Bitcoin. I'm not scaring you here. That's just how it happens. You take all monetary cycles, you take all technological adoptions. I can guarantee you that we are right in the middle of it, and especially that Bitcoin is attacking a monument, money. And money doesn't belong to everyone, proof to the contrary. So that's why I'm quite certain that if we think we are coming out of a kind of emotional, physical, state pressure on Bitcoin, I don't think we've experienced it yet. Just like the adoption bubble, we haven't experienced it yet. And it's generally when we open all this that, well, obviously, the full potential of this technology can be expressed, but currently, it's still a bit under wraps. And the last stage is Bitcoin as an exchange currency, a store of value. It's order 2.0. It's clearly the global collateral for the entire economy. And then, of course, we will probably exceed a million dollars, but each step in terms of its adoption, and currently we are still extremely far from it. Did I note anything? Yes, I wanted to talk to you about this famous cryptocurrency. I had another little thing to show you. I don't know if I showed you this one. Yes, Hoods, I talked about Hoods, about, I don't know if I talked about it, well, I'm talking about it because I'm relaying it in my mind from yesterday's academy. We talked about it exactly in 2023 and here's what was announced. Speaking of exchange tokens, I just got into Gry, the exchange account Camelo, about which I only hear positive things. Ah, no, that wasn't it. And that was an interesting question. So yes, 90% of the value was taken by the IPO. Well, all the big VCs got rich, but if they believe in it, if there's really something they'll get behind it, it's clearly on this because there will be a stakeholder in the next bull run cycle. Look on Reddit, etc. It's in the United States that it's alive since it came out. Completely crazy stuff. Completely crazy stuff. We went into a stratosphere, it was just insane. And indeed, OD offered us something completely insane. So sorry for those who currently have cryptocurrencies and are stuck regarding their wallet's visualization, which has simply not performed, but we were talking about it in 2023, it was exactly here. Moreover, almost day for day, it was October 2023. So we were exactly where it literally exploded. We had already well analyzed and well cataloged these big economic, blockchain, and traditional tech winners, and of course, Out benefited from it, just as Coinbase benefited from it. We had also talked about Coinbase at that time, which literally reached new highs. So that's a bit how we try to position ourselves. So always tell yourself the same thing. Perhaps for the majority of us, our wallet hasn't done x10, even if it hasn't necessarily done -50%, we are at minimal break-even or slightly positive. So, let's talk, but assume that the big players have already taken a large part of the value. That's what it means. So, bull run, did it happen? Yes, there is a real value shift happening. The question to ask is, will there be a catch-up and a form of rotation towards our small exotic or less capitalized cryptos? Unfortunately, nothing is certain. That's why you simply have to jump on the narratives. I told you about Apex last week, frankly, completely crazy Apex. It went into the stratosphere, the guy, it did a small x10. But there are others that will potentially do x10, and I'll tell you, be careful, you always have to try to go deep enough when you do this research. So I'll show you something very simple. I've looked at all the decentralized exchange tokens, more or less recent, and I came across Perp. Why Perp? Because, be careful, I haven't finished my demonstration. Because Perp, 1. capitalization, 2. arrived in 2021 on Binance, on Bybit, on Coinbase, on Bitgate, this thing can literally explode. But what are we looking for in these damn things? We're looking for a maximum of tokens and we're not looking for the decentralized exchange narrative, even if regulation is pushing us more and more towards these unregulated decentralized exchanges, but that will come. We're talking about it with Aurélien later in the video with Swissborg. What are we looking for? Frankly, I'll give you the narrative that everyone is playing right now to get their money out. The buyback, it's the buyback that's being played. It's not the decentralized exchange that's being played, it's the buyback. Who launched a completely insane buyback? Hyper Liquid. Who launched a completely insane buyback? Pump. Pump Fun. Who is launching completely crazy buybacks? Decentralized exchanges. Who has the capacity to launch crazy buybacks? Decentralized exchanges. Because they are the ones making money with their fees, simply. The fees and the buyback possible are done through transactions. Why did Borg gain more than 130% in 3 months? Because it just announced a buyback, simply. So the narrative is not the exchange that we
play, it's the buyback. So if you look, in fact, a bit more precisely at this perpetual exchange protocol, which is, by all accounts, probably very, very nice, you'll look for, uh, where is my thing? Where is the application? Give me the application at the V2 level. Come on, let's go there. I think it's here that we have the launch. What do you have inside this thing? So go far when you do your due diligence, collect your toilet, it's just formidable. But you only have three cryptos fighting it out. You have Optimism. Why Optimism? Because in fact, it's an exchange built on optimistic rollups. You have Ethereum, you have Bitcoin. But why are there only three? Because there isn't enough depth, because you can imagine that market manipulation compared to what is, in quotes, promised on this type of exchange, well, you have to bring in liquidity to be able to offer more and more cryptocurrencies to be able to obviously try to earn more and more fees to be able to carry out buybacks. And that's why this thing risks not pumping unless it starts putting 150 cryptocurrencies in front of us, and you have lots of projects. You have Level too, LVL, I think. I looked, I looked at everything, I searched for them. I said to myself, no, there's a problem, why aren't these things pumping? This thing, it has a market cap of $200,000, it did a nice little crazy thing, it went up to $8, today it's 1 cent. It was created like Binance Smart Chain. So if you think it's all new with Binance Smart Chain, not at all. It's been created since 2023. Let's go see the website, it's the same hassle. There are no cryptocurrencies on it. You have three fighting it out. So don't rush if you don't do sufficiently thorough due diligence, since you have three cryptos fighting it out. Just before, we saw that the protocol used was Optimism, and here it's Arbitrum, faster, more scalable, less fees, cheaper, less of everything you want, but there are three cryptos fighting it out because there isn't enough market depth regarding the execution of perpetual futures. But it's also a very good technology. So to say yes, but the protocol used by IPAS is getting closer and closer. Okay, I agree with you. Today, technology, and that's what we're playing with, infrastructures allow us to be faster and faster and to compete with centralized models and protocols. And that's what we ask of cryptocurrency. We don't ask anything else of blockchain infrastructures. We ask them to compete, to be more efficient, faster, cheaper than centralized projects. That's what we ask of them. But if we create a narrative behind it to make money, it's the buyback. And the biggest buyback that could potentially await you is clearly a small boost, but not a boost in relation to the token's pricing. It's a boost in relation to the time you'll spend to be able to shield it, to be able to farm it. It's obviously Lighter. Lighter, it's clearly the thing that should give us a seriously big crazy thing, because today if we are trading on Aster, why is that? Well, it's to chill and to farm the second airdrop. What have we been pumping on Hyperliquid for months now? And I went through SwissBorg to be able to in the protocol of SwissBorg because SwissBorg offers to farm the new airdrop of Hyperliquid because it was amazing, because our expectations are huge, so we do a lot of volume, we do a lot of volume, we do a lot of volume. So if we do a lot of volume to get the airdrop, well, automatically that means a lot of fees. And if there are a lot of fees, there are a lot of buybacks, and if there are a lot of buybacks, the token appreciates, because it's the virtuous circle of very short term. So if you want to play something, I repeat, go to Lighter, it's the best protocol today with the due diligence that I've been able to do, that I've noticed. I wasn't the first, it was clearly Elias who was the first. Besides, he replied to us regarding the video we made last week. So here is Elias des Cosmonautes' response. My value proposition compared to what has been so innovative in terms of protocol since then, Lighter, vis-à -vis a history. Well, he talks about Bitcoin in 2009, he talks about AV DeFi regarding the DeFi season, he talks about Hyperliquid and decentralized perpetuals. Lighter being the culmination, the one we will remember, off-chain execution and real decentralization with a million validators who mathematically verify the correct execution of fund controls. the controls, the funds. So if you want to play a x100, it's not complicated. I'll tell you exactly what to do. You connect with MetaMask, it takes 2 seconds. You put in $100, you'll make x1 x2 short trades. Even if you lose $10, it's not a big deal. You can start working with the protocol, you put a few tens of dollars of Ethereum into the protocols and liquidity pools, and you will very likely be eligible for an airdrop that will be amazing. In fact, it has no choice if it wants to exist, if decentralized exchanges, I'm talking about Lighter, just like we can talk about other decentralized exchanges that are starting to tremble, they are starting to boil. It's just incredible. It gives me chills. Everything is falling into place, it's just formidable. But they will have no choice but to offer completely crazy airdrops if they want to take a piece of the pie. There you go, that's the truth. So if you want to do the next Apex, Apex was more of an opportunity. Here it's more of a small job that needs to be done. And there you go, $100, don't put more, it's useless because everyone will be able to bite into the cake, no problem with that. But that doesn't mean it's guaranteed. That doesn't mean it will happen next week. It especially means that they don't have much choice but to send it relatively quickly. So it's not when we receive it that we'll have to say "Ah darn, you were right" but for you it's 2 seconds to launch the app, connect your Phantom wallet, your MetaMask wallet, you do three trades. It's very simple to do and create a new MetaMask, don't use your current MetaMask, create another MetaMask, it will boost adoption a little, it will say there's a new person who created a MetaMask, it's the same person, it takes 10 seconds, you trade it a bit, get your airdrop, and then you can do whatever you want with it since it will very likely be listed on all exchanges, whether centralized or decentralized. Have I finished everything I wanted to tell you? Yes, we'll meet at noon for the AMA we're doing with Aurélien from SwissBorg. I'm putting my link in the description again if you want to participate and if you want to take advantage of the small additional airdrop that will be announced later today between $5 and $50 plus a guaranteed allocation. Connect to SwissBorg, frankly, an ultra good centralized exchange. that we could even rather talk about here as a hyper-specialized aggregator where the fees. I'm not allowed to talk about the fees anymore because they have been divided by almost 100. We'll meet tomorrow in a new video for our face-to-face. Otherwise, with SwissBorg at noon. Ciao!