Episode 42: The Mid-2026 AI TradFi Meltdown: Citadel, Leopold, & Kospi Debt Crushes

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All right, everyone. Welcome back to the show. This is JR back at Social Leure

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Report. We’ve been away for quite a while. We’ve been very busy. If you

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cannot tell, I’m here by myself. Leon is working for another startup right now,

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and I’m here to try to continue running the show. So, while we’ve been away,

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there’s been a lot of things happening. There’s been nothing but a lot of

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traditional finest news. I cannot find anything that is very relevant right now

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with crypto. So what I’m going to do is we’re going to have a little bit more of

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a different segment than what you guys already used to uh where we normally

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talk about crypto but now we’re going to talk a little bit more adjacent to it

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which is traditional finance and what better than AI. How is AI performing in

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2026 in the middle of the year or almost at the third quarter I should say. So uh

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some things that happened very recently we’re going to talk about those are the

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situational awareness getting margin called by uh caused by the citadel. So,

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Leopold, and I’m going to mispronounce the [ __ ] out of his last name, Ashen

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Brener. Um, he was heavily leveraged on AI names. He got margin called. He was

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forced to sell public books to Citadel for pennies on the dollar. So, we’ll

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have a lot of stuff to cover about that. And then the last thing we’ll cover is

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South Korea’s AI and semiconductor Cascade. So heavy retail leverage plus

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margin calls um especially around the memory stocks like SKHY NIX HIX I don’t

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know how to pronounce that but in the broader Cosby which was kicked off or

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amplified by the July selloff of chip and AI names. Now I said a bunch of [ __ ]

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but basically they got uh margin called and the stocks in South Korea are just

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tanking at the moment. um that was caused by a forced selling spilled

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globally and we’re already seeing sort of like this ripple effect across the

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world. So, I mean, we’re kind of [ __ ] if I’m being honest. Like, we’re kind of

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cooked, but you know, we’re here to cover the market. So, let’s see what

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happens. Um, but before we continue, make sure you hit like to this video,

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subscribe to the channel. It cost you nothing. It helps us continue producing

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this kind of content. Dislike if you dislike it. Let me know what you think,

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what you want me to cover, and we can go from there. Okay. So for the first video

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we will cover Leopold’s um situation. So his I’ll cover in the

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video here in a moment. I’ll share with you. But the TLDDR which I’ll cover here

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again in a moment. Um the TLDDR is one who is Leopold. He was an ex open AAI uh

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researcher I believe. Um he was fired apparently. There’s like rumors saying

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that he was fired, that he was gone, but he left and he created his own thesis

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about situation awareness, basically leveraging AI, and we’ll cover that here

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in a moment um more in detail. Um leveraging AI to do investments and he

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created a $45 billion AUM um earlier last month and his own firm called

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Situation Awareness and recently it was margin called. So, wherever we’re on

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Twitter, I think there’s a couple of takeaways with this, but you know, we

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we’ll cover here in a moment. So, so this is Rainy Talks and he’s basically

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going to cover this entire situation with Leopold and Citadel.

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This guy just made $1.6 billion off this guy in a single day. So, we should all

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know who this guy is by now, but if you don’t, this is Leopold Arshen, a

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24year-old former researcher at OpenAI who got fired in 2024 over a leaked

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memo. Two months later, he published a 165page essay called Situational

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Awareness, which overnight became required reading across Silicon Valley.

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He then started a hedge fund, named it after the essay, raised $225 million,

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and in 2 years turned it into $45 billion, betting early on AI chips,

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power, and data centers. So this week, the market saw a huge crash after this

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guy, Ken Griffin, the founder and CEO of Citadel, warned that the Fed might

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surprise everyone with a rate hike. Leopold was running his fund at a forex

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leverage and his

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>> So for those of you who don’t know when you run something at a forex leverage it

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basically means you’re leveraging against your whatever position

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leveraging as in like you’re putting higher risk for higher reward or higher

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return. Um I’ll give you more thoughts here in a moment. I’m going to let you

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guys finish this.

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>> Main positions in Nebulus, Skhinix, Corewave and Micron all dropped between

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35 and 47%. And so his brokers Goldman, JP Morgan, and Bank of America pulled

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the trigger and margin called him. This is the part where Ken steps in. Citadel

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offers to buy Leopold’s entire public book for $16 billion. And they do in a

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single block trade before market open. The Financial Times reported that he got

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a 10% discount below market value. And by the time the dust settled,

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situational awareness went from a $45 billion fund to a$10 billion fund

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overnight. And guess what? The Fed never hiked rates. And the exact stocks that

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Ken bought off Leopold bounced 20 to 30% the very next day. So just to be clear,

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situational awareness isn’t dead. They still hold a $5 billion stake in

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Anthropic along with a few other private AI positions. So the lesson here is you

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can be completely right about absolutely everything in the market until you’re

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not. And being right doesn’t matter if you have [ __ ] risk management. Make sure

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to follow and send this to anyone who thinks that being

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>> Yeah. So check out more in his channel. Very cool guy. He’s we’re actually going

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to watch him here again for the South Korea situation. So again, he made a

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pretty good overall explanation on this. I think the takeaway is

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one there was very much insider trading happening here. Like you just got to

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call it what it is. It was kind of like insider trading, manipulating the

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markets. Um more than anything I should say, manipulating the markets. Um, man,

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it’s just crazy to me because like most people look at I mean we live in a

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time where insider trading and man market manipulation is at a very most

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prevalent and everyone is just sort of okay with it and funny funny enough like

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uh companies like autopilot um unusual wells or I guess I should say apps like

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autopilot unusual wells and then I believe um I’m I’m blanking the name of

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the name of this person but I’ll find his video here in a moment. Um, he was

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calling out Trump for having manipulating the market for manipulating

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the markets and then creating a subscription on Truth Social to

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uh pay 100,000 to get access to like momentary like basically you’re paying

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to win by getting access to Trump’s tweets when he’s talking about the

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markets like Dell’s the most beautiful laptop ever. you should buy some of

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that. And then moments later, you’re going to see a surge on the stock. Um,

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but now they’re paywalling it because they realize, oh, we’re actually we can

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actually make money off of this. So, everyone is playing the insider game

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very much. So, uh, right before I move on with this other thing, I want to

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cover a few more things. So, TVPN, Tech Brothers, uh, Podcast Network, I think I

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think that’s how you I think that’s what they stand for. Um, they cover here on

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this post. Here’s the full letter Leopold sent to his LP last night. This

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is as of July 31st. So, um, man, it’s already been over a week almost. Uh,

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rumors of his demise are greatly exaggerated. So, we’re going to cover

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real quick. It says for this is for the those listening in the audio. Dear

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partners, we let you down this month. We came closer to a permanent capital

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impairment that is acceptable to us. While we ultimately found a solution

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that protected the fund and US investors, our intention in running the

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fund is to never find ourselves in such a position in the first place, which it

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was I mean kind of out of their control really, but like what can you do when

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you have a big player manipulating the markets? Volatility is the prize of a

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long-term investment returns. Over the past two years, we have delivered

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outstanding results despite occasional sharp pullbacks. But our fund must

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always be structured such that we can take a loss and fight another day. I

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will make it my mission to ensure that we will learn the necessary lessons from

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this experience. I feel like they’re still learning. So, you know, that’s

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kind of rich. I mean, again, case closed, like it was very much market

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manipulation at its finest. Here’s where things stand. The portfolio experienced

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a significant draw down over the course of July, which has which was exacerbated

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by extreme moves in core positions over the past week. Many AI names drew down

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by half or more while our positive LS spread reversed violently. While we co

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excuse me, while we could say much about how unusual the month was, we hold

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ourselves to a higher standard irrespective of market conditions. As

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these moves proceeded, we started to see increasingly adverse trading in names

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publicly associated with us. These dynamics are essentially similar to a

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bank run vulnerability be getting more vulnerability. We worked to keep the

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portfolio within our risks parameters, but gradually this became more difficult

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as positions rapidly moved against us and market liquidity dried up. On

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Wednesday night and Thursday morning, we took a decisive action to protect LP

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Capital. We traded a portion of our public portfolio in a block transaction

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to remove all leverage from the fund and prevent further losses. All short shorts

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were closed and reliance on portfolio financing removed. We currently manage a

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full paid for public book quot or um parenthesis long stock and long full

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paid for options with no margin liquidation risks. This restored

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stability and allowed us to preserve our private position. I take full

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responsibility for these events. Um I mean Leopold seems like a nice guy. Did

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you know by the way and you can verify this on Twitter if you like, he actually

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learned about this as he was getting [ __ ] married. So that’s actually

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super meadow. If I was getting married and if I learned that

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my position was essentially losing billions, I would probably kill myself.

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Like, I’m not even gonna lie. I don’t know if I can say that, but I would off

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myself at that moment. Like, I say this uh satirically, but you know, I cannot

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imagine how he felt. That’s what I’m saying. Anyways, uh so this is the third

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page. I think we’re almost done here, but to be clear, this should rightly

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have been a peer. Excuse me. This should have been a very painful month in terms

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of the performance of our fund. When AI stocks draw down dramatically while AI

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technical businesses or business fundamentals are improving, you should

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expect our fund to be down a lot. And again, this is very much the market

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conditions that we saw. We embrace volatility, but it should never

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jeopardize the fund. The fund was not shut down, liquidated or transformed

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into a privateonly fund which is kind of rich because Hitido kind of holds u a

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good amount of it now. Anyways, uh we are continuing to operate as a hybrid

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public private fund as before. However, we will manage our public book on a

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fully paid for basis while we draw the lessons from these developments. Most

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importantly, we took the steps that were necessary to fight another day. In the

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coming weeks, I will focus on putting in motion the necessary changes across our

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portfolio management risk team and vigilance applied across the board to

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ensure a higher level of resilience going forward. AI may continue to

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intensify the market volatility for years to come. Assuming the bubble

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doesn’t burst, mind you, but I digress. Uh these were very expensive scars, but

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I am dedicated to ensuring they will be invaluable lessons for our organization

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and for myself as we move forward. My core promise to you is that we will not

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waste the opportunity to learn from these events and this should be the last

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page on the portfolio itself. We are very optimistic about the current

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investment opportunity set. The underlying fundamentals are accelerating

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at a very same at the very same time that prices have declined significantly.

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Thank you for your patience and your partnership. I am fully invested

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alongside you virtually. All of my capital is in the fund and I intend to

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work relentlessly to demonstrate that the events of this month have made me a

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wiser and stronger investor. I am available next week for one-on-one phone

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calls with each of you to discuss all of the above. As an interim update, our

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current unodudited estimate of the net MTD performance is negative 67%.

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And of net YTD performance of plus 80%. Final figures will follow through our

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normal reporting process. We will follow up recording a group call next week to

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share further details. So god damn that’s insane.

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Those are insane margins like just the difference. It’s kind of crazy but like

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I mean it literally dipped. You lost billions for a brief moment and it kind

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of bounced back which is again very much uh market manipulation by Citadel. So I

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don’t know if they want want me to say that or they’re going to want to want

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you to think that but that’s very much what happened if you know how to read

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the markets. So um let’s go over some comments because why not? So Jeffrey

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Forest says he’s up 80% YTD because of a 5 billion private anthropic holding.

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Anything public was blown up. I mean that’s also the the reality like

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Enthropic is going to be a billion or excuse me um they’re going to aim for

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that $1 trillion IPO and yeah I mean Claude and Antropic are fundamentally

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transforming everything that we know. So this isn’t you know wrong. Isn’t Slob

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genering a man apology? Sorry. Well words. Isn’t slop generating a man

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apology letter to investors kind of insulting?

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Uh yeah, this guy’s sentence was kind of

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badly written, but I mean um I don’t know if he used AI to write that letter,

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but I mean there’s got to be some influence using AI such as cleaning up

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grammar. So maybe this is what he meant or something. We’re getting some ads

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here. But um still up 80% year-to- date. Absolute cinema. He took the steps SBF

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didn’t. So, he lives to fight another day. You know, I’ve seen this around

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before because when I was looking at this at first when it happened in

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preparation for the podcast, there were some comparisons I was seeing with SBF.

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The only difference between Leopold, which is the nerdiest [ __ ] name ever,

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um, and SBF, were that Leopold did the right thing by, you know, biting um I

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don’t want to say biting the the um biting the curve or something, but he

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he took a hard pill there. He did what was necessary to make sure people didn’t

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lose money, and SBF literally literally didn’t care. Like, he said he would care

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at face value, but, you know, he was lying. and you know he got caught and

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Coffeezilla you know exposed him but I digress. So this is kind of like the

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letter. Um another thing that I want to share here and since we have a little

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bit of time here because you know we’re only covering two segments um so I was

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looking on things I wanted to share here um on Twitter and I was searching for

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TVPN specifically because there were some clips I wanted to share from the

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podcast. I would have shared the podcast but you know it was going to take way

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long and you know I didn’t want to be jumping around that video but I found

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some very humorous comments here. So this is from Tommy. This is very real.

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Like this is not humorous but I think this was really cool. Tommy says dunking

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on Leopold is ridiculously stupid. He left Open AI had a thesis raised a fund

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executed against it aggressively and moved some serious capital around.

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Respect to those in the arena. everyone else is a keyboard warrior. Take more

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risk. And I think that’s a takeaway. I probably would have put this at the very

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end of the episode. Um, just take more risks. That’s all you got to do. Like

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you’re not you can either do nothing and have no outcome, no no

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um, God, I’m blanking on the word. You can either choose to live life passively

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and have no returns whatsoever or you can do

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some things and then have the opportunity to get something in return

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just by trying. So that would be the takeaway from this. Um

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so if I scroll down a little bit more, I mean you can kind of read these if

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you’re watching this on YouTube, but um a lot of people are kind of just glazing

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him. Oh my god. So

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>> far my view. So, so one thing I wanted to share here is his laugh. I think it’s

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kind of funny. Like, not not to throw at him because I actually respect the [ __ ]

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out of this guy. Like, you know, he’s getting married and he lost all his, you

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know, position, most of it, while he was getting married, but yet he was able to

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do everything this other person said. So, mad respect to this guy. Like, he

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deserves a lot of credibility. But I just thought this was kind of funny. So,

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this is from If Leopold was not spared, who are we? And he was such a happy kid.

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This wasn’t a podcast. He just had a pretty interesting laugh, which I

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thought it was kind of funny. That’s the short summary of my past or

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my view on the project.

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>> God, I mean, the only thing I want to mention with this is I know I know a kid

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who’s like autistic genuinely and he actually laughs like that. So, we all

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got the tism. If you you got to be successful to if you have the tism, you

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have higher chance of being successful is what I’m saying. Um, but no offense

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to him. So, yeah, I mean, people are saying he’s fine and and yeah, he he was

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fine in the end, so thank God for that. Um, okay. Okay, I think that’s

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everything I wanted to cover as far as Leopold. We’re still good with time. So,

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now let’s move on to the South Korea semiconductor fiasco. So, essentially a

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little bit more on what happened with Leo Leopold with um South Korea with the

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whole AI and semiconductor uh fiasco that happened with the margin call. So,

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along TLDDR and you’ll watch a video here in a moment that I’ll pull up. Um

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basically uh it’s stock market hit kind of like a

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black Friday situation from the 80s I believe or 1980s. Um,

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so as we’ve known AI is kind of like this Ponzi scheme where money keeps

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rotating from like Nvidia to Anthropic and then Anthropic buys more Nvidia

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chips using that same money and because they’re doing a transaction that’s

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considered volume going up and basically rinse that and repeat with Oracle,

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Microsoft, Amazon, literally all the big tech companies. uh they’re getting

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money, they’re giving money, and they’re all just rotating that same fund over

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and over. So, it’s kind of a mess. Um so, essentially, uh based on my notes

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here, I got so essentially Samsung and especially SKHY

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Nix Hix, I don’t know how to pronounce, but still, uh the big memory chip plays

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for AI servers and HBM led to a massive rally. Basically, the Cosby hit a record

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high or the Korean um stock market hit a record high around June 19 to 22nd of

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this year. Um retail investors went all in. They piled heavily into single stock

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leveraged ETFs, products designed to deliver 2x the daily move of Samsung or

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SK Henix. These were relatively new and approved around late May. um and retail

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poured roughly 14 trillion one which is about almost 10 billion US into them in

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the short period or in the short term. Um I was reading off my notes. So

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anyways, let’s just show you this video because I think this guy will do a

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better job at explaining it than I have. Truthfully, I’m learning this as things

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are unfolding. This happened like not that long ago. So,

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uh South Korea’s AI bubble just popped. So,

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uh, one thing I’ll say before playing this video, I think all of this is a

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symptom to the, well, the AI bubble for sure, like

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everything is just like getting overinflated. And if you have AI at the

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end of your startup, there’s a good chance you’ll raise good enough capital,

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you just show that you want to Stanford or something here in the US and you’ll

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get like hella millions of dollars in your series um, in your seed round. So

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anyways, um this is for South Korea, so I’m going to play the video.

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So just three weeks ago, South Korea had the best performing stock market in the

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world. The stock market is something called the

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Cosby, and it’s gone up almost 200% in the last 12 months. Compared to other

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stock markets like the US’s S&P 500, which only made 24%. South Korea was

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just on another level. At one point this year, one of their companies, Samsung,

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was up over 500%. And SKX was up over a,000%. That’s basically 10x.

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>> Clearly, clearly I’m an underthal because I don’t know how to pronounce

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things. SK Highix is what it is. And yeah, the Cosby is the Korean South,

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excuse me, the South Korea uh stock market. Anyways, I’ll play

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>> money, which is just unheard of. Now, here in the US, our equivalent of the

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stock market is something called the S&P 500, represented by ETFs like this one,

20:46

VO. And inside of this ETF, the top 10 companies represent 36% of this index,

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which historically is a very high concentration.

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But for South Korea’s Cosby, just two companies alone, Samsung and SKX

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represent over 56% of their whole stock market. And that’s

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all mostly thanks to regular people or retail investors that have just borrowed

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money to invest into the stock market. And that’s

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>> Does that sound familiar? For any for any of those you know, if you’ve ever

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studied US um history, you’ve probably heard of the Great Depression. This is

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literally what happened in the 1920s with the Great Depression. We were

21:34

borrowing money to buy stocks, which is literally the most dumbest thing you can

21:37

ever do. Unless you are like a quantitative researcher, if you I mean,

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not to insult anyone, right? But I just have some very strong opinions with this

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because if you don’t know what you’re doing, if you’re borrowing money to do

21:49

something that your friend told you like, “Hey dude, like GameStop stock

21:53

just went through the roof in 2021. We need to buy more of this.” You know, and

21:57

then you’re here selling, I don’t know, maybe not selling, but borrowing money.

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You got a personal loan and you’re putting that into GameStop. You’re not

22:03

going to have a good time. And I think this is the key takeaway. Don’t borrow

22:07

money unless you know exactly what you’re doing. And even then, you should

22:10

question yourself and be like, do I really know what am I doing or am I just

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an idiot who is listening to my friend here who may or may not have a good

22:17

idea. Either way, to each their own with their own risk. But I digress.

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>> Roughly 14 million retail investors, they’ve put their savings and a huge

22:27

amount of borrowed money into those two stocks. And then in just 21 days,

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everything started to collapse. The Cosby dropped 25% and because of that

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1.2 million accounts, which works out to be 1 in every 30 people in the country

22:47

got hit with something called margin call thresholds. This is what happens

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when a stock goes down far enough to trigger the loan on the borrowed money

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to liquidate or basically be forced to sell off their stock. So just 3 weeks

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ago, South Korea,

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>> that’s pretty much it. Tik Tok has a good habit of replaying the same videos.

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So, why don’t we look at some of the comments? You kind you guys already kind

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of got the gist of it. We’ll cover more here in a moment. Um,

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some of these comments are kind of crazy. So, uh, borrow money to invest in

23:15

stock market. Me with an inkling of US economical history. So, that’s literally

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what I was just saying with the Great Depression. Um, this will happen in our

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country and they will give billions to the wealthy of our taxpayer dollars to

23:28

bail them out. I mean, they’re not wrong. This happens quite a lot. So this

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other person said it went up 200% compared to a 27 drop. That’s nothing.

23:38

Excuse me. That’s nothing. So this is why I see Koreans all flocking to North

23:43

America and Europe for traveling over the last three years. The whole concept

23:47

of stocks makes no sense. And many bachelor’s degree is Scott doesn’t know

23:52

how to pronounce bachelors. Bachelor’s degree is literally in economics. So um

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everyone has different opinions I guess. So to each their own. So um why don’t we

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talk about the Cosby right now? So so the Cosby you know I do trading I don’t

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do international trading I mostly worry about um domestic companies but I think

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for those of you who are in a similar position like I am we could learn with

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this together. So uh this the Cosby has experienced extreme volatility plunging

24:24

roughly 40% from its midJune 2026 peak due to leveraged ETF. So that’s

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literally what we were covering. Um uh the recent roundabout, this is what I

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wanted to mention. So strong earnings from major US tech clients fueled an

24:40

unprecedented one-day surge easing panic selling and stabilizing regional tech

24:46

shares. So, uh, South Korea just had like a pretty bad day and then here

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comes the US the American well words here come the American companies

24:58

pseudo bailing them out question mark like yeah I mean Nvidia is the Nvidia

25:04

Apple are among the largest companies in the world or most valuable assets in the

25:08

world if you own that company so it makes complete sense like I think you

25:13

know I think uh we’re going to be fine guys like um I do think the bubble is

25:19

bound to burst. These are just little symptoms of something that is

25:24

coming. I It’s definitely coming. It’s just I would be careful where you put

25:27

your money is what I’m trying to say. At the end of the day, you got to do your

25:29

own research. You cannot trust what people are telling you unless they’re

25:33

like experts. Like [ __ ] if Leopold was telling us here, dude, you got to buy

25:36

Micron. You got to buy SanDisk. I’d be like, okay, but why? And then he

25:40

explains why. And I’d be like, “Well, based on your background, based on your

25:43

[ __ ] thesis, bet I’m in.” You know, that that’s what I would do. That’s what

25:49

people what I would tell people to do to some degree. Like, you just got to

25:52

understand who you’re asking. You got to understand who you’re talking to. Like,

25:55

would you rather get financial advice from Neopold himself or from someone

25:59

working at McDonald’s, your coworker if you’re working at a fast food place? You

26:03

know what I mean? So, uh, this other person I wanted to cover

26:07

here, uh, Renie talks, he did a pretty good, uh, I mean, we’re going to cover

26:14

this from a different angle. I think his comments and his audience is kind of

26:18

funny as well. So, I kind of wanted to cover it. This is from a different

26:20

angle. Um, this is trillions of of one being lost in Korea. So,

26:25

>> Korea is major

26:27

>> right now. Here’s why. This July, the Cosby fell over 33%. That’s not just a

26:31

bad month. That’s worse. In 2008, Samsung and SKH Highix are down double

26:35

digits in a single session. Circuit breakers got triggered four times this

26:38

month alone and over a million people got margin called. But as of today, the

26:42

Cosby is up 17%. It’s the best day this market’s ever had. SKH Highix is up

26:47

close to 30% and Samsung is up over 20%. Why? Because Microsoft, Amazon, and Meta

26:52

all be earnings overnight, telling everyone that the AI spending story

26:55

isn’t dead. But here’s the mechanism that turned a correction into the

26:58

market’s worst month ever. People weren’t just buying Samsung and SKHEX.

27:02

They were buying leverage products on top of them. Funds that double or triple

27:05

whatever the stock does. On the way up is free money, but on the way down, you

27:08

don’t just fall with the stock. It compounds every single day until the

27:11

losses are worse than the crash itself. Regulators are starting to take action.

27:15

2 weeks ago, they banned any new leverage products from launching. And as

27:18

of today, they’ve tripled the minimum deposit required to trade the ones

27:21

already out there. And here’s the part that makes it messier. The government

27:24

didn’t just stumble into this. They approved these leverage products in the

27:27

first place, obviously specifically to stop Korean money flowing into similar

27:31

leverage ETFs already trading in Hong Kong and the US. It was meant to keep

27:34

investment and the Korean one at home. And now that same strategy is under real

27:38

scrutiny. Questions remain on how the new curbs will actually work in

27:41

practice. And there are mounting calls for the government to take more

27:43

accountability.

27:46

>> Yeah. So essentially, we’re finally getting they’re finally getting

27:48

regulated, which is kind of what happened with the US economy after the

27:52

Great Depression in case you didn’t know. like you can’t literally buy

27:55

stocks using your credit card because that’s doing the same thing. So, um I

28:00

think it was about time. I’m honestly kind of surprised. Like like I said, I’m

28:03

I’m the most dumbass here in this room because I don’t know uh the the Cosby. I

28:08

barely just learned how to pronounce the HKEx or whatever. Um and I’m not trying

28:12

to undermine my position. All I’m saying is some of us are just not aware of what

28:16

is happening on the other side of the world. In many ways, South Korea is one

28:20

of the most advanced um countries in the world, one of the most developed with

28:24

the highest with some of the highest um it has one of the largest economies in

28:29

the world. And yet they’re barely regulating this. Like to us, we’ve been

28:33

part of this game for a long time. So, it’s kind of interesting. It makes you

28:36

think is is my point here. So, um at this point, he’s not going to cover

28:41

anything new that we’ve already discovered. Um, I thought it was very

28:44

interesting how his take was. Uh, the comments here are hilarious. I don’t

28:49

know if you can see them, but you know this one. JT here says, “Citadel wanted

28:53

it. Leopold’s portfolio. The South Korea Korean regards were just collateral

28:59

damage.” And you the creator liked this. I just covered this and people are just

29:06

um kind of on the same page with that comment. So Koreans FA buy shorts and

29:12

then the market goes up. Yeah. So it’s kind of like Jim Kramer where they it

29:18

kind of does the opposite of what they’re doing. So just gambling, no

29:21

access to home, lost generation. I mean I mean I don’t think I mean it’s just

29:28

it’s just the I don’t even know how to say this, but I I think that a lot of

29:32

people who say that when you’re trading stocks, when you’re trading cryptos,

29:35

they call it gambling. I think they say that because they don’t know better

29:38

because either they had a very bad experience and they give up in trading

29:42

or investing altogether. But whether you’re trading, you’re investing, all of

29:46

these things really matter. This is how people actually get rich. your money

29:50

does more for you when you’re putting it in an asset that is that is active and

29:56

working around the clock where if you’re putting it on, you know, whether you’re

30:00

just holding cash itself or you’re putting your money on a low yield uh

30:06

savings account or even your checkings accounts, you’re going to lose money

30:08

against inflation. So, the best thing to do, guys, is just to put your money on

30:12

an asset that you trust, such as the S&P 500. Anyways, uh I’m not a financial

30:17

adviser, but I just wanted to say that. Um,

30:20

I think we’re good with time now. So, one thing I wanted to say here is, so I

30:25

know we talked a little bit about different things. I think the cover

30:28

coverage that I did, given how I’ve been a little bit rusty from traveling

30:32

lately, um I could have given a better cover, but one thing I wanted to do is

30:38

uh look at I wanted us to do I wanted to do a live

30:44

coverage on Twitch or here live on Twitter or X, whatever you call it

30:49

nowadays. Um probably shouldn’t be drinking soda

30:52

because it’s making me very gassy. Um, the one thing I want to leave this

30:56

episode off is, uh, take more risks. Put your money on assets that appreciate and

31:02

that at least are keeping up to the S&P 500, if not the S&P 500 itself. Um, just

31:08

because when you’re taking no risks, you’re not going to get anything in

31:10

return. So, if I were to put my money in right now, um, it would probably be

31:15

Bitcoin. Uh, why? Because Jim Kmer Jim Kramer says, “I’m going to sell my

31:21

Bitcoin.” So, this is what he said recently. It’s a one minute long video,

31:25

but

31:27

>> when I think about the equations that people tell me could never be cracked to

31:31

get to my crypto, I it sounds to me like the University of Chicago announcement.

31:36

Should I be more careful?

31:38

>> I think that you should give yourself three or four years and at that point I

31:42

would get rather paranoid about it.

31:45

>> Really? Three or four years? That’s not that long.

31:48

>> No, that’s not that long.

31:51

>> Oh boy.

31:52

>> Yeah. I I realize I’m way Ethereum not really maybe even worse. So I think that

31:58

people have to take this man seriously because they’re doing commercial quantum

32:03

>> and uh this quant the Chicago study basically cracked a number. It did an

32:08

equation that no one thought could ever be solved. So that isn’t that also what

32:12

you think about Bitcoin. Now there’ll be people in Bitcoin who say look I don’t

32:15

know what you’re talking about Jim. You don’t know anything. I don’t have to

32:18

know anything. I I asked the questions. I didn’t get the answer.

32:22

Arvin Arvin Christian knows quantum incredibly. He knows he knows Bitcoin

32:27

and quantum and I’m going to sell mine.

32:31

>> You are?

32:32

>> Yes, absolutely.

32:33

>> Really? Just on what he said.

32:34

>> Well, well, he’s he’s the man.

32:38

>> He’s the man.

32:40

>> IBM co is the man. That’s crazy. Um, this is probably a long segment video,

32:45

but all I wanted to share here as a close off is I’m putting my money in

32:49

Bitcoin. I’m putting my money in the S&P 500. Um, why? Because just do the

32:55

reversing CR. Do the reverse Kramer. Like that’s literally going to make you

32:58

more money than following whatever he says. So, he’s selling his Bitcoin and

33:02

the argument is basically quantum threat. And Wasp here, I think, covered

33:06

it pretty well. Everyone is scared of Bitcoin and the quantum threat. If

33:10

quantum can break Bitcoin, what is going to happen to banks in traditional

33:13

finance? So, quantum computers are literally we’re gonna be fine, guys.

33:18

Like, I wouldn’t even worry. Like, genuinely, like I’m just telling you

33:20

what I would tell my family, what I would tell my friends. Like, I would put

33:24

my money in these things. Quantum threads are very trivial. But anyways,

33:29

uh we’ll be back next week. We’re going to try to do something more interesting

33:32

and cover whatever is relevant at that time, if anything in crypto. Like this

33:36

week recently there was non crypto news. But let me know what you guys think.

33:40

Subscribe to the channel, like or dislike, leave us a comment. Let me know

33:45

what you guys think. And we’ll be seeing you next episode. Take care.