What Happened To Joyful June?
Episode publishedPodcast: 1000X1000X
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And it reminded me of crypto. It reminded me specifically of FTX. It's like we had the ability. We have the ability. We just don't have the willpower to go build these crazy crazy things that FTX is building. It's like a little bit of, like, being an Italian living in the Roman Empire, like, looking around saying, we used to we used to build some incredible things, Jonah. We used to have prediction markets, and then you could flip from one page to another and trade Bitcoin at a 100 x leverage. And then you could use BMX token as collateral and everything was fine. Somebody go out there and bui
too.
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Welcome back to another thousand x podcast. We are coming to you from a very interesting time. Right now, as we're speaking, there are a bunch of ballistic missiles being launched at all the bases US bases in The Middle East. And at least my group chats are freaking out, and everybody's talking about it. But do you you know what's not freaking out, Jonah? What's
not freaking out, Avi?
The market is not freaking out. Yeah. And, actually, what's kind of interesting is since that happened, I mean, oil oil's kinda been on a tear ever since tension started up in the June. You know, we've we've gone up sizable amount from bottom to top, like, 26% on CL one. And, yeah, equities have sort of gone sideways, and seems like the the thing that got hit the most was actually Bitcoin and crypto in general. I mean, you you you see a lot of you see a lot of shit out there that kinda came off a decent amount. Yeah. So, I mean, what what do you what do you think is going on? People are people
mean, I think the crude oil market tells you pretty much everything you need to know about the war. Like, there are a lot of tourists trading crypto on Iran headlines that don't really know what they're doing. Crude oil is a pretty efficient lens through which to view this whole conflict. So today, you know, over the weekend, some pretty crazy some pretty crazy stuff happened. Right? Like, we had The United States Of America basically entering, you know, if you wanna be alarmist about it, starting a new war in The Middle East, if you wanna take a more moderate tone on what they did, you know,
I think you're a 100% spot on with that assessment, and I'm not saying it from the analyzing the oil market like you are. I everything that you said sounds very logical to me and sounds like Iran doesn't have the capability of showing the Straits Of Hormuz and that it wouldn't really make sense to you. But I I, you know, I come at it from a different angle as well, which is that, basically, since the start of the conflict, Iran hasn't been able to do anything, let alone piss off a bunch of other countries by by shutting the straits and and ship out ship out oil. I think what's what's been prov
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