Welcome to Rollup TV 2026: Predictions Review, Show Updates, Key Narratives Outlook

JP Morgan, Black Rock, DTCC, Fidelity, the entire thing was just institutions. It's just it's next level. This industry is going to the next level. And guys, I I don't know what else to say. I'm bullish.

You said it. You finally said it. I'm so bullish. It is bullish. I'm bullish. We're bullish.

Corola is headed to the top. If we're not already at the top, we're going to the top. We're on fourth floor today. We're going to be on floor one and then we're headed straight to the moon, boys. 2026. Bam. Happy New Year. First episode of the year.

What up, man? What up? What up? What up? Calling in from Hawaii. It's 10:00 a.m., baby. How'd you get there?

Yo, let's go. Took a plane. I've been on my mental spiritual reset here, man. Yeah, dude. So, yesterday there was something about uranium in the from the government and we were talking about uranium on the show the other day, a while back. Yeah. And I'm telling you, these Marin Katusa's Rise of America book is so dialed, it's insane.

So, that book was written a while ago, but you're saying now it's come to fruition. It was written before It was written like as CO was kind of like coming out, right? Happy New Year. Happy New Year, guys. Happy New Year, man. It was a good time in Tampa. We got together. We handed out some awards. That was so funny, man. That was a good time, dude. They had the fire cooking. It was getting hot in there, dude. Dude, the awards ceremony was hilarious, man. Yeah. Yeah. Little known secret was there was ginger ale and the champagne glasses. Yeah, exactly. Don't tell. Don't tell. Man, that was fun. That was a good time. That was number 100 of the show. That was episode 100. Obviously, I mean, we've done thousands of podcasts up until this point. But yeah, that was that was number 100 of the live show. Plenty of learnings as well. But it's always fun getting together whenever we do it at the conferences or we do it otherwise and just it's a it's a good time, man. It's a good time. And I'm looking forward to a lot of fun conferences this year. We'll be in I mean, should we just run through this late real quick? Where are we going this year?

We we're gonna head out to Denver. We're a little skeptical. We weren't really Dude, I think I'm going to consensus Hong Kong though first. I don't know. I was I was a little skeptical. You said it was going to be good. I was I've been to a consensus in Austin, Texas. Might have gone to another one. Oh, I went to Misari mainet, which is the other one like off the beaten path.

Have you been to Consensus Hong Kong before? I went last year, man. But I just don't know, man. I did the Consensus Hong Kong to Denver flight. It was just Don't you remember? I came to Denver. I was literally wrecked. And then I I got that IV ordered to the house. Oh, I do remember. I do remember that you were in the bottom floor of the Airbnb with the dying out, just crashing out hard. The doctor's assistant was sticking the thing in your arm and you were freaking out. I honestly don't think, dude, I was so lightheaded. I honestly don't think I will I will I don't think I'll I mean, yeah, my Hong Kong adventure will definitely not be the same as what it was last year. Let's put it that way.

Yeah, Hong Kong. Uh, I haven't been, but I've heard it's really, really good. So, that's probably going to be a good event. But, yeah. Yeah, if so, whether I do that or not is kind of up for grabs. I do have about a week kind of to figure out where what to do. But, so then Denver, we'll be at Denver. Uh, we're excited. We'll probably be moderating a couple panels. That'll be fun. And then we're going to head out west. Uh, we'll be in California. We'll be in San Fran. Uh we'll visit some of the uh the AI metropolis in Silicon Valley. Uh we'll be going to Near Con. Shout out to the best in privacy. Yo, best in privacy near That's pretty cool, man. Zcash, we should we got to mail those out to these people. Yeah, we will. We will. Let's do it. I think everyone will be excited to get those. So, we'll be in we'll be in San Fran. We'll go we'll go to Nearcon. We'll visit some of the Silicon Valley companies out there.

And then man, we've got a American Dinism expedition ahead of us. Yes. And towards the end of Q1, we've got some secrets in store. We're not going to give those away quite yet, but we'll be in New York Digital Asset Summit. Uh obviously Trump addressed Digital Asset Summit last year in New York. Uh so we'll be there again this year. Um, and then we'll be in DC for DC blockchain summit. And yeah, I mean there are some rumblings around maybe that's a good segue because there's some rumblings around the clarity app. Yeah, the market structure bro getting passed. Um, I feel like that's all for Q1 then. That's like what three conferences that uh Yeah. So Denver, Nearcon, Digital Asset Summit DC. So four conferences.

Dude, did you also know that there's a there's a consensus Miami this year? I did not know that. May 5th to 7th, Consensus Miami at the Miami Beach convention center. Okay. Well, that one should be fun. Miami conferences. I haven't been to a Miami conference since the Bitcoin Miami conference. Alex Rodriguez is is speaking there. Yeah, he's a he's a Miami legend. The baseball guy. Yep. He was he was part of the the steroid crew up in up in the New York Yankees. That boy was roided up for sure. He hit a lot of home runs, but he's quite the business guy. Um and Miami should be good. And then obviously ECC is early this year. ECC is in April.

Yeah, it is in April, which is kind of weird. It's a little weird. It's a little early for for a European summer. Yeah, it's not a it doesn't align with the Euro summer energy at all. Yeah. So, we'll have to figure that out. Kind of weird. Do you think they just did that because it was so hot? Could be that. Uh probably was. You know, obviously last year the Olympics or 2024 the Olympics were in Paris and so they moved it to Belgium, Brussels. That would have been the year to to adjust the timing, but they kept the same timing. They just moved the location. Um I don't know. We also have the World Cup this year in New York. Yeah, in the States. Yep.

What are the dates on that? Good question. I believe it's over the summer. June 11th to July 19th. Wow. That could have been another reason because that would have over overlapped as well. Where is this thing being played? I saw that Trump lowered the prices a ton. of I don't wasn't strong. He claimed it was Mani was claiming that he was gonna make the the FIFA tickets affordable for everyone, but he didn't have the authority to lower ticket prices for FIFA. So that got community notice. So you've got games in Mexico City, Guadalajara, Toronto, LA, Boston, Vancouver, New York, San Fran, Philadelphia, Houston, Dallas. They're saying New York, but the stadium that they're doing the games at is the New York Jets and Giants. The New Jersey stadium. New Jersey East Rutherford. So, not quite New York, but in the And they got Miami. Oh, yeah. Atlanta, Seattle.

Dude, I'm definitely going to a game in New York then. In Jersey. Uh we got Brazil versus Morocco. I will for sure show up in a Brazil shirt 100%. 6 PM. Can you name a couple players? Oh man, you're you're killing me here. Putting me on the spot. Neymar. Where is Neymar at? Is he still playing? I don't know. I don't think so. Dude, they they've got some studs though. Morocco's pretty good, man. Really?

So yeah, that's kind of like our Q1 plan. Um, man, what a wild couple of days to start off the year. I mean, we had Vance and Michael on for the last episode of their kind of like segment on the show and I remember I was bare I was barehold and they were like, "Yo, man, you know, come January, I think it's things going to really start moving because this tax loss harvesting or whatever it was, whatever reasoning you want to create for your for for your, you know, biases." And turns out they were pretty much spot on. I mean, the market went pretty much vertical from January 1st. Like January 1 all the way through yesterday, we had five green candles on Bitcoin in a row. Kind of broke out of that range. Kind of retesting there. I see a lot of different calls on on uh on Twitter. So, kind of a nice little boost to start the year. Um sentiment wasn't was zero. The market was going straight down for three months. It was pretty bleak. I mean, I completely I I I think a lot of people signed off and are still kind of signed off. Um, and I think that that has led to what's happened. I think a lot of people are sidelined.

Yeah. I don't know. Arthur put out that post yesterday and I'll read it verbatim and I'm curious to get your take. Um, we'll start this off. So, Arthur's so good. Arthur writes, "Um, there is no point in attempting to use past data to discern what levels of oil prices and 10-year yields cause Trump to reign in the Fed's money printer. We will know it when we see it. And if oil prices and yields trends sharply higher, then it's time to become less constructive on risk." The base case is oil prices remain subsided, if not outright fall, and Trump and Buffalo Bill Bessant print money like it's 2020. This is because the market will initially believe US control of Venezuelan oil will cause a massive increase in the daily amount of pumped crude oil. Who knows whether this initial bullish crude oil supply will actually come to fruition. And so between this oil trade and this kind of like mania happening with uh oil prices going down, sounds like there's a more stronger credit creation bullcase for uh 2026 so far.

I mean, what a crazy event, right? Like, I mean, I didn't think taking over countries was like part of the agenda into the 20 the 20th or 21st century. Here we are. I mean, Trump made it pretty clear with Greenland, right? That was like part of his campaign platform was like, we want to go into Greenland. It's like it's it's strategic for national security. They didn't get Greenland, but you know, colonialism, imperialism was sort of on the agenda when he was going into office. uh it just manifested you know geographically different in a different area than we thought. I I think that quote from Arthur um it's important to understand I think the lens through which to like to look at this. Yeah. Which is two things. One is that uh Bitcoin is based pretty much entirely on the amount of credit creation and the speculation that more credit is going to be created. People call it the inflation hedge, gold hedge, right? Digital gold. As more fiat money is created, the price of Bitcoin goes up. And this is because there's a fixed amount of Bitcoin and there's an infinite amount of dollars. And so this is pure debasement trade. This is pure more credit gets created. Uh Bitcoin price goes up.

And so everything through which Arthur talks about and and I think the right way to look at Bitcoin is through this idea of will it create more credit in the system. And so once you have that fun that that fundamental baseline then you can look at you know this this thing that happened in Venezuela right Maduro and then implanting and basic you know potentially seizing all of these all of these Venezuelan assets for America. Yeah. all that Bitcoin h I mean Bitcoin is one thing but the oil and the gold is significant when it come I mean it's more oil than they have in the Middle East or some Middle Eastern countries and it's more gold than a lot of central banks have on their balance sheet that that is still in the earth so it's a matter of how much you can pull out of the ground but ultimately it's going to be uh what and and and and so you kind of have this base case for Bitcoin right which is fiat debasement uh credit increase and then credit creation. And then on the other side, you have politicians. He who controls the money printer, right? And another arthurism that is in that article is, well, all politicians are concerned about is getting reelected, right? Yeah.

Do you see Trump today was like, if the Dems win the midterms, I'm going to get impeached. That's what he said. I wouldn't be surprised because they would just throw lawfare at him. And so the idea that like yeah, you need like you need to get reelected because that's the only way you can affect change. And so it makes sense like you know you can't control anything if you don't get elected. So first and foremost you need to get reelected. And so what is far and beyond the one reason why a politician gets elected? It's domestic economic issues. And Arthur isn't alone on this. Tucker Carlson went on allin two or three weeks ago and they they said, "Hey Tucker, a lot of people want you to run for president. What would you do if you were president?" And he would say, "At the expense of everything else, I would focus solely on domestic economic issues." Yeah.

And so that that's the reason people get elected. And so you kind of have this dynamic where if America and Trump is able to pull enough resources out of the ground in oil and gold and subsidize American domestic the American domestic economy, you can effectively print a ton of money and everyone wins, right? Because you can keep like middle and lower class happy by keeping goods and gas inflation. you can keep inflation low. So lower and middle class are happy. But at the same time, you can print money till it's coming out your ears because then the the the wealthy class are going to be uh happy as well because the stock market's going to go up. The top 60 60% of Americans own own equities and so you can make them happy as well. And normally if you print money to the effect that you know the stock market would go up, it would also cause inflation and the lower and the middle class would be unhappy. But if you can kind of square the circle and you can subsidize the creation of new credit, then you kind of have the scenario where everyone wins.

So yeah, I think this is going to be depend. I think we're seeing the speculation now in the market where prices are doing quite well. That is starting to subside even today because I think you know the the market is beginning to rationalize well really this is going to be dependent on a few things. One is who ends up taking power in Venezuela. Is it is there going to be a coup and is there going to be some sort of revolt in which uh like Maduro supporters or anti-American uh regimes take power and then end up fighting America tooth and nail when it comes to exporting or are you going to get an a friendly American regime in Venezuela? And then two, even if it is a friendly American regime in Venezuela, how much of these resources are they able to pull out of the ground? And then three, how much of them are they going to end up shipping back to America? We're seeing a lot about oil. You know, American oil stocks did quite well because we're assuming like at first glance that not only are we going to get an American regime that is open to pulling a lot of this out of the ground, we're going to send in industrialists to pull it out of the ground. And then three, we're going to end up enriching American oil companies by giving it directly to them at the expense of what was previously Venezuelan. Now, a lot of this is very indirect. It's kind of this transitive property. If one, then two, then three. And all of these have to happen in order for markets and this creation of credit to really take hold. I don't know what the probability of all three of these things happening. I would say maybe it's, you know, 30 40% or so.

Andy, my question to you is a little bit more specific to Maduro. If this guy had trillions of dollars of oil and gold sitting underneath the surface of the earth in his home country, why did he have to lead a narco terrorism group? Yeah. Yeah. I don't know, man. I think it's uh he was doing he I don't know if you saw there was like reports of him using Tether for a lot of these payments to get around uh sanctions. Um, yeah, they had all this natural resources and they that their GDP went down 80%, they had the most inflationary regime ever. It's just like it's just socialism, man, and communism. And now they're talking about Cuba. I I think it's generally positive to just end up getting rid of socialism and communism as a construct in the world. I I think that that's just like a uh a positive uh outcome for the global for the global state of affairs.

Yeah, man. I mean, what a crazy crazy couple of days there with with and then just like the videos of of him dancing and then and parading the guy around town. And anyway, so we we don't need to get into geopolitics too much. We pulled up in the Nike tech. Imagine we would have worn the selling out his his sweatuit like all this stuff. It's just so silly. So silly. Um, I saw a tweet that was like geopolitics is like every like every it's like every man has all these takes and we'll talk about geopolitics for hours and so let's not let's not get too caught up in the geopolitics day. Let's get into some of the market stuff. Let's get into some of this neo finance category that we're that we're slowly finding to be uh the most important area of the market to focus on in 2026.

Guys, for those watching, we have really firmly developed a thesis for this year and really it's probably going to extend longer than this year and we want to talk about it more. We got a couple other things to cover. So, let's go ahead and pull up some of the latest happenings in in the market and get into it today, guys, uh on some of the of the latest tweets and posts that kind of struck our our cords a bit here. Um so first one being uh Vitalic with the we solved the blockchain trillemma. We solved it. It's done. EVMs are at an alpha stage. Production quality performance remaining work is safety and pure is live on mainet which happened with Fusaka. If you guys recall when we were at dev connected bonosaris it's time to talk about more about what this combination means for Ethereum. These are not minor improvements. They are shifting Ethereum into being a fundamentally new and more powerful kind of decentralized network. To see why, let's look at the two major types of peer-to-peer networks so far. Bit Torrent in 2000, huge total bandwidth, highly decentralized, no consensus. Bitcoin, highly decentralized, consensus, but low bandwidth because it's not distributed in the sense of work being split up. It's replicated. Again, it's this consensus replication that causes a lot of these blockchains to kind of slow down. Um, now with Ethereum with pure S25 and ZK EVMs, expect small portions of the network using it this year, which is bullish. We get decentralized consensus and high bandwidth. It's kind of like everything that we had hoped for.

Um, you know, if you guys recall, Celestia was big on the kind of pure ass. Uh, they were going to try to solve that for Ethereum. Celestia veil IDA. Um those altda solutions still have far more throughput than Ethereum does today especially given their their coming updates but pure like the first step towards that effectively bringing in uh what is known as erasure coding or data availability sampling to Ethereum meaning previously Ethereum was was required to effectively look at every piece of data coming onto L1 from L2s and verify every single piece of data on every block. This allows you to take an entire set of let's say a hundred of a hundred uh pieces of data or a 100 transactions or 100 blocks and effectively verify a third of them uh or or in that kind of realm of thought. And because you know that that these you know 33 random uh data sets are available uh and verifiable then you can then guarantee that the entire set is. And so that's think of it as like you instead of having to check off every box of a of an equation, you can check off some of the boxes and because some of those boxes are verifiably correct or available, uh you don't have to check the rest. And now ZKVMs, which is again uh effectively bringing in far faster proving times for Ethereum, proving Ethereum's consensus and uh allowing better interoperability between L2s and just making the L1 far more scalable. you get this kind of like decentralized consensus high bandwidth.

So Vitalic goes on to say that the trilmma has been solved not on paper but with live running code of which one half data availability sampling is on mainet today which is the pure ass and then the other part ZKVM is production quality on performance today safety is what remains guys because again once they push this ZK EVM stuff forward it's hard to kind of pull it back um and so if there's bugs it's kind of like why L2s haven't gone to stage two yet because once you get from stage one, you still have this kind of like escape hatches, these kind of ability to edit the um different parts of the code, ability to kind of like uh censor the sequencer, change different things. Once you get to stage two, it's almost like you pour the cement and then you can't take the cement back without breaking it completely down. And so, um this was a 10-year journey of Dash and ZK EVMart's attempts in 2020. And so, yeah, he goes on to kind of say what we'll expect in the next four years. Um, and yeah, man, I mean, look, Ethereum had has executed a bullish reversal here and they've done it and uh the tech is getting there and it's bullish and it's just great to see. So, I I just think that this was a huge thing for the Ethereum community. It seems like Vitalic really wanted to set this off in the beginning of the year as kind of like the big um you know big part of of his agenda, set the year straight for Ethereum. So I'm glad to see it and um just more and more bullish on Ethereum.

So unironically I think this is extremely bullish for for ZK EVMs, but no one's really going to realize it until it's too late. Meaning that the this is setting the stage for the snarkification of Ethereum. But I think kind of like what Santiago had described in his article, a lot of those infra protocols are going to gain significant amounts of adoption, but their prices are not going to go up. And I think Ethereum is going to swallow a lot of the institutional capital. And it's going to take a long long time maybe like two to five years before a lot of that ends up trickling down deeper into the ecosystem into the ZKVM or the ZKVMs generalized uh ZK marketplaces proof generation proof verification all these sorts of things and so again this is part of the neo finance thesis but it sort of stops at this point of infrastructure where this table is set and the table isn't just set for the regulatory those to have a place uh at the table in the room. Uh this table is also set for the infrastructure that is being used now is essentially getting locked in to what Ethereum is going to look like for the foreseeable future.

And so if you look at the generalized VMs, uh Brevis is making a late run. Boundless uh and Succinct obviously are doing quite well as well. Our friends over at Aligned are doing great things with the proof verification network. Um, all of this is great and I think all of those are locked in to have phenomenal years in terms of adoption. Uh, those with tokens that are live, best of luck because I do think Ethereum itself is positioned to swallow a lot of the dry powder and institutional liquidity that is up there for grabs. Not to say that, you know, these companies won't hit tremendous milestones when it comes to engineering. I think ZK performance ends up getting uh uh more performant by an order of magnitude and these teams end up doing quite well in terms of business but I don't think it translates into uh token price go up for a lot of these projects. So, uh, with that being said, uh, I do think that Ethereum is positioned to do quite well, uh, as a lot of this infrastructure ends up, uh, becoming more ingrained into Ethereum, uh, one could argue that it is centralizing a little bit, um, because they are starting to lock in a lot of these pieces of infrastructure. Um, and I do think institutional capital will continue to pour into uh a little bit more of the consumerf facing layer uh of Ethereum being the DeFi app layer. And so while I again I think uh the infrastructure that we've talked about a lot uh is starting to become more entrenched into Ethereum and that is actually quite bullish for a lot of these infrastructure projects in terms of adoption and mile and engineering milestones.

Um I think ultimately that infrastructure helps to empower what is going to be this this growth [clears throat] module uh for the space as a whole which is this consumer DeFi uh realm and this neo finance area that I the neoinance realm the neo finance realm I think is positioned to be uh the most lucrative when it comes to 2026. Again infrastructure probably does quite well in terms of adoption not so much in terms of price. I think the neo finance realm, this, you know, this new form of mullet, the CFI in the front, DeFi in the back sort of mullet, I think ends up uh really taking hold and doing quite well both in terms of uh token appreciation as well as uh adoption and business cycle.

I agree. And the tokens already looking quite quite strong. So, all right guys, that is Vitalik's posted very well. Was super stoked. Got the entire Ethereum community stoked. Um, so excited to to to have that one there. Um, yeah, and bullish on Ethereum. I mean, we'll see what what happens. Um, I I think Tom Lee is aping clips still. So, um, we'll move on from It's not going anywhere. Him and Shalom. They've got billions still to [snorts] go. Yeah, dude. That Shalom post is doing well. People are excited about it. Um, good to see. Finally got that one out. People like it.

So, yeah. All right, so let's move on from Vitalic. Uh yeah, we've got a lot to get through and our uh our next guest is going to be here in 15 minutes. So, what do we have next? As we mentioned, Tom Lee decides that, you know, he doesn't have enough ETH, so he needs to buy more ETH. Um Tom Lee funds Shrats Bit bought another 32,977 ETH last week and currently holds 4,143,52 ETH. Um yeah, I mean Tom Lee buying ETH is insane. So, I don't think this guy's gonna stop. Like, when will Tom Lee stop buying ETH? Like, when will he? Why is I I don't This is a serious question. I don't understand the narrative around Tom Lee buying ETH is bearish. I don't get it, dude. I put out a tweet and I get I think people are saying that because they want to see um they want to see what he's made of if we go down a ton. And so that's what the bearish take I think is and people are like what is he you know is he controlling too much of the supply? What happens if he has to puke a bunch?

Look Tom Lee is not stopping anytime soon. Like he is going to go. He's not stopping and it's crazy man. It's crazy because he's going to stake and he hasn't even done convertible debt yet like Micro Strategy but he's talking about it. And so they have a shareholder meeting in nine days um that he's trying to get a massive proposal through for the company before um and they will not stop. They are going to go raise convertible debt. If you recall, once you get over that $10 billion mark, banks will loan to you at about a 10% loan to value ratio on your on your uh you know total capital. And so he's well over that 10 billion mark. In fact, we can actually see what where he's at. He's got about 14 I think. I think he's got 13 billion in ETH and he's got 1 billion in cash. So he can go ahead and raise more um debt from banks. He can buy more ETH. The thing is though, like it is kind of crazy that he has bought this much ETH and we're sitting at 3237. kind of makes you wonder like without Tom Lee and Joseph Shalom like where the hell would ETH have traded?

So yeah, I I tend to think that um like I tend to agree. I I think these guys aren't going anywhere. I I think they're going to be around for the long haul. I don't think you buy 14 billion dollars of an asset to watch it go down and then sell. Like these guys can totally get caught off sides. Anything can happen. But to me, it's like this isn't you don't put all of this all of this structure and all of this organizational overhead together for like sell the bottom for a short time frame trade. This is a structural company that they're building. This is a publicly traded company. And this is what we were waiting for, right? We were waiting for like the institutions with longer term horizons that don't care about the month-to-month fluctuations. And it's finally here. And so, strap in, guys. Strap in. That's Bitmine. That's Tom Lee. Um, yeah. I mean, great. Keep buying, guys. Like, the they're going to keep buying. Um, I'm not a believer in the Tom Le bearish scenario. To me, they What if he's right? To me, this I mean, this guy is gonna have the patience to sell at a profit.

Yeah. Well, his entire life and career depends on that. Like he's basically put his entire life into Ethereum, which is so sick, but insane. Like Sailor has for Bitcoin and and Tom Lee has for ETH. How do you think the the conversation between him and Vitalic go? It's like, "Hey buddy, I own 4% of your network. You're your darling child. Um, don't don't mess with me." Right. And and I'm Vitalic. And I go, "Hey, Tom. We're gonna we're gonna pier ass and we're going to become the most scalable decentralized uh high bandwidth consensus world computer. You think he likes the world computer? He's got to like it. He's got to like it. We We got to get him on the show this year. It's coming, guys. I like the lowrisk DeFi narrative. I like finance narrative. I The world computer everything is tokenized creator coin vibe. I don't know. Coinbase likes it. Vitamin V likes it. I don't know. Vitamin V. That's my boy. Vitamin V. I coined that one.

All right, guys. Let's move on from Tom Lee. He's going to keep buying. He's not stopping. Um, yeah, man. So, this one was interesting from Vance. Uh, the total near collap or the near total collapse of VC dollars going in DeFi means there won't be a thousand Teimu versions chasing every incumbent. Golden age. Hold on. Before we get into this, shout out to the tariffs for killing Timu. Fast tariffs killed Timu, dude. Have you seen anything from Timu or Sheen or any of these like fast fashion Chinese companies? It was absolute garbage. And it was just like it was like plastic clothing that you could get for like $2 and they would ship it to you and it would arrive in like two days from from overseas. And that is what their business was made of. The shipping cost was so low that they were able to export these like super artificial goods. Yeah. And it was just lowquality uh stuff. No, I've not I've not seen or seen anything from Timu or Sheen, but I must say I'm not exactly like watching out for Timu and Sheen. Used to see a lot of it, but it's no longer around because tariffs uh made it infeasible. Anyway, go ahead. Still bullish. Mega ETH. Yeah, I think so. I think their launch is coming pretty soon. Um, and I'd be excited about that. Tom Tom Lee just needs a solid strategy for buying ETH. Dude just stinks and timing his buy of ET. Yeah, it's funny. Again, I don't know that he really even cares, which is the crazy part.

So, the near total collapse of VC dollars going into DeFi means there won't be a thousand TU versions chasing every comment. Golden golden age. I think what Vance is referring to here is like all these info companies had all these different versions coming after them. You had like, you know, you had like the L1, then the old L1, then the then the next L1, then the L2, and then the next L2, and then the next L2, and all these different kind of like infra companies trying to cut, you know, go at each other's throats. But then DeFi fell off like we even rebranded from DeFi Slate to the rollup in uh early 22 or so. I think it was like mid to early mid to late 2020 or no, it was early 23. Um and and yeah and and and DeFi fell off and so all these VCs didn't want to invest in DeFi or apps. They just wanted to invest in infra because that's where like the consistent return profile was. And clearly since then uh DeFi has had a lot a clear lack of investment. And so I think what Vance means here is like you know his Sky and his Maple and his um you know other investments hyperlquid etc. I guess purpose is like the one that you can kind of argue that there's a lot of these t-uver versions. Um but yeah, man, I think what he's trying to say is like there's very clear winners and I think so too. It's very obvious. I mean, there's just clear winners in the DeFi category, especially in this neo finance category that is like gonna gonna just keep winning. And and so I do think this makes investing in this category easier than others. And so I think that's what kind of what what Vance is trying to say here. But yeah, I I I think the takeaway here is just you