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I think what we're seeing is we're just seeing a maturation of the of the asset class, which means for you, the listener, the important takeaway is just to be more patient with positioning, and just sort of let things play out.
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Welcome back to another thousand x podcast. Excited to be talking with you, Jonah, again. Sorry. I was feeling a little under the weather last few days, but feeling much better now, especially because of the price action. How are you doing Jonah?
Doing good. Portfolios close to all time highs, feeling happy. I think what's interesting is that, you know, there's some commentary on X about how everybody's expecting one last pump before the cycle ends. And I think that people are getting tired of this cycle because it isn't a face ripping 10Xer like maybe the previous one was, where everyone was just getting rich on everything. And even a monkey throwing darts could end up with some pretty substantial bags. Here, it's, you know, Bitcoin's been kind of ranging for a while. And alt coins have been hit or miss. Some of them have been amazing
Yeah. I think I think it has been slow for the moon boys. I mean, it's been soft for so for everybody. Just it's been a choppy grind higher. I mean, things are not, except for Oracle today, is up 40%, which is crazy. We'll get to that. Things have tended to move a little bit more slow this cycle. You get these five to 15% days from a lot of assets, but you don't get those 100%, everybody crowds into the same coin for three weeks kind of absurdity that you saw in 2021. I still remember when BNB went from $35 to $400 in the span of four weeks. You're not seeing that. Mean, even something like a
Interesting. Mean, my book's pretty limited here. First of all, so agree with your take. And basically, going back to your old framework of value and momentum, right? Is there value? Can investors reasonably expect a two to a three bagger in the near term? That's value. Is there momentum? Is the thing trending up? This is the Avi framework, right? Maybe we should add a third thing in there, is fundamentals. Now you have the golden triangle, the holy trinity, value, momentum, and fundamentals. I was just, were talking about Pump. I have a Blockworks research account now because they sponsor our
And, and richest richest man in the world now, which is pretty
cool.
One of the things that I really liked about what he did in the, in the whole story is I don't know if you know this, but I think 10 a little bit more than ten years ago, his stake in Oracle was 27%. He got it up to around 40% because Oracle kept buying back stock and he just did not take it. He never sold his stock back. He never took part in the buybacks. So they just destroyed the shares that they bought back, of course, and he just continued to increase his ownership of the company, which I thought was awesome. Of the, actually reminds me a little bit of what I think the Ripple guys are doi
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