MARKET UPDATE: Live With GMoney, Inflation Is In, Is This The Crypto Top?
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Alright. Warsh needs to maintain his credibility, so we've gotta hike, you know, at the next meeting. But I don't think, like, it lasts long because, like, why the is the US government doing intervention when, like, the S and P is 5% from all time highs? You know what mean? Like, that should be like we're down 30% from the highs, and we're, like, looking into the abyss, and, like, the market knows. The market sniffed them out. That's why gold caught a bid. That's why Bitcoin got a bid. At the end of the day, like, the government will do whatever they need to do to keep the AI CapEx cycle going
Alright, guys. Welcome back to another thousand x. We got a good market update on this Friday and a very special guest. We got g Money, who I've actually known for a long time. Good stuff. Now we're yeah. What's what's going on? Welcome to the show.
Yeah. How are doing? Thanks for having me on. Appreciate
it. Oh, dude. I'm I'm great. It's a it's a Friday. It's a beautiful day in New York City. It's everything's looking good. Markets markets are we got a good inflation print this morning, so markets are ripping. You know, Nasdaq's up Nasdaq's up a percent or so. My positions are looking good. ETH is up 6%. And for those of you that don't know, g Money is an absolute stud. He originally burst on the scene because of NFTs, but some people don't know this. He actually was a trader for many years. And, now he's back in the game. He hosts his own show, I think, Full Port. It's what you call it.
Yeah. I I hosted with Hunter on Tuesdays and Thursday mornings. So, yeah, I I assume it's we probably cover a lot of topics. Right? Just, like, places where you can make money, whether it's in TradFi or crypto or NFTs and and stuff like that. So yeah. But Yeah. You and I have always topped markets for for years now, so it's it's good to to do this on camera for the first time.
No. Absolutely. It's good to do this on camera. And what's funny I mean, basically, we cover kind of the exact same stuff except for the NFT world, which I have no idea about and probably never will. The only NFT I own is my Ether Rock, which I've held literally since the 2021 top. I had bought it for, like, 50 k, wrote it up to a 3,000,000 position, and now I think it's trading at, like, a 100 k. So it's literally just something I'm probably never gonna sell. But, like, is it gonna come back? I I that's kinda where I wanna start it with you. Like, is are NFTs ever gonna come back?
Well, it's funny because, like, I feel like over the last, whatever, six months, years, especially, a lot I've seen a lot of people dunking on NFTs and at the same time collecting Pokemon cards. And I'm like, you do realize that those are NFTs. They're physical NFTs. So it reminds me a lot of in 2020 and 2021 when the physical card market was going nuts, and then that was right before the NFT market started going nuts. I think very similar things. Right? Like, people like to collect things. I think, to me, like, always the long term thesis on NFTs was at some point, that 15 year old kid's gonn
Well, yeah, I was I I looking at I was looking at buying a Patek. It's actually it's funny. You you you know Justin. I was I was actually, like, debating him. Like, is the leather strap better, or is the metal strap better? And he was really heavily on the side of the metal strap, and I was like, actually, that's kind of a woman's watch. If you ask me, just my personal opinion, the metal is a woman's watch. Looks beautiful for your girlfriend. I wouldn't buy it. I'd go for the leather all day.
Oh, fair. I didn't really have the o
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