Elon Says the Singularity Is Here — Why That Sends Bitcoin to $1M+

If we are approaching the singularity, this is all going to happen so much faster than we could ever imagine. The idea of thinking in a 50-year time frame right now is so [snorts] that is such a long that's like linear thinking. We're about to experience an exponential for the first time in humanity. And so I I think Bitcoin's value whether it becomes the the payments infrastructure of the world or the self-s sovereign you know savings vehicle that you exchange it for stables or you know the thing that that doesn't change is that its value is going to grow uh on a you know in a closer you know in an ever closer connection of onetoone between the technological deflation that is created in Bitcoin's buying power. [music] >> It all comes down to computers communicating. >> The information [music] superighway can be a confusing mix of on-ramps and off-ramps. >> Bitcoin [music] is worthless artificial gold. >> Is it still rat poison? >> Probably rat [music] poison squared. We need to get into the world of okay this is actually [music] foundational technology. >> What the internet of money does is it creates a single network which can do [music] a microtransaction to a giga transaction. The internet [music] is going to be one of the major forces for reducing the role of gun. The one thing that's [music] missing but that will soon be developed is a reliable ecash VC like um veteran trick where you're just like you late you're late and I'm going to use this next time be like I'm in the meeting and then they'll be like what what do you mean like oh the wrong link I like jump in and then people believe it but that makes sense that [ __ ] Google Meet always messes it messes me up for other things. >> No my bad. No, Liam, you you sent it. I I I just didn't see it in the in the thread. My bad. >> How you doing? >> Oh, good. Good to see you, Cam. It's been a while. I was looking back. Uh the last time you were on the show was May of 2025. I think the Bitcoin price was was comfortably over 100K. Um lots lots has changed. Lots has happened over the over that time period. I was I was uh mentioning to Liam before you guys joined, today is Groundhog's Day. does feel kind of um apppropo, you know, back in the 70s hanging out, chopping around. Uh but good to have you back on. It's been too long since we caught up. How you doing, man? >> I don't even want to I don't even want to hear my whatever my predictions were last on the last spot. Uh yeah, what a year. Woo. You know, this is uh it's not for the faint of heart. Um, but uh the weird thing is is I it it feels like you know I was telling somebody the other day I was like I didn't anticipate the scenario where I got every single thing that I wanted to happen happened except price. >> Didn't that didn't that didn't register. So >> I didn't even know we were recording and then I realized like a minute in that we were recording. I was flipping screens and uh >> welcome back to to Final Settlement. We're back. Um, you know, not to like pour uh, you know, what's a whatever on the the >> the salt on the wound. >> Not to pour salt on the wound, but out of everyone I know, Cam might be the Bitcoin orange pillar of all orange pillars or attempted orange pillar because I know there's a deep network that you have. And so there must be some real uh like we just forced to talk to people that are already in the industry that are interested and whatever, but you're out there, you know, doing the Lord's work, evangelizing, and uh I'm sure you've gotten some texts about like what the hell's going on. >> Oh, yeah. Yeah. I'm I'm taking grenades. [laughter] Uh yeah. Yeah. Uh, I have to deal with that because I I I've spent the last I don't know like you know well into the last three years it's been just an an utter accept uh obsession of mine to just make sure that all my you know friends, family, loved ones have exposure etc. And um and it it does weigh heavy when when you know you can't you can't teleport, you know, 10 years of exposure to an a to an asset into somebody that just got into it. And so it's like words aren't enough, you know. Uh but I think I do a pretty good job of setting the expectation that this is, you know, very long, you know, it's a longterm game. But um >> you just have to tell them non-conensus right. That's my business. Non-consensus right and this is non-conensus I'm right. They'll take a step back and let's all relax. >> Yeah. I mean that's Yeah. Exactly. >> So his internet has been a little bit out. But you know we've been working with each other so long that it probably finished his sentence that we saw everything happen from the new administration all the tailwinds except for Price which has been uh pretty wild to see play out. I think everyone is a little shell shocked. I was joking with friends, mutual friends of ours that have been around this space for 5, 10 years and they're in pain. And I was like, well, take a step back because I think pain is really all relative, right? So, when you're expecting all these things to come once the administration once everyone's friendly to this and they don't, you're like, well, what the hell? Like, you you start to have to recheck your uh >> your priors and assumptions. >> And I was I was telling him last night, take a step back and like think about folks that came in the last five years, right? because everyone's seen those numbers in 21 that was like 67 right around those all-time highs 5 years later and you have all the crazy quantum and just everything else that happened over the weekend we probably don't need to get into with the EP steam list but the point being is there's probably real people right now being like what the hell am I doing with my life is this thing actually uh a viable unit to be a world reserve currency we obviously know it is we obviously know nothing's changed but we have to put ourselves back in that position uh there's a lot of people questioning what's going on right now Yeah. Yeah. Well, that's what I go back to is nothing has changed. Literally nothing has changed. Um that the what brought me to Bitcoin in the first place was the lack of counterparty risk. You know, in a in a world that is just constantly changing. Everything's changing. Um and then you have this this thing that doesn't change. And um so yeah, it's it's frustrating. Uh but you know, feature not a bug, right? The volatility of this thing is if it just went to a million right now, that probably would that wouldn't be a good thing. Uh and so be a good thing for us, wouldn't be a good thing for, you know, a lot of the people that that we want to have exposure. So >> yeah, a lot of people I think are a little bit frustrated, too, because um the debasement trade went extremely mainstream. from everything that they've been talking about about deficits that um and understanding that there is just an an insane amount of fraud, waste, and abuse in the system is out there, but they got the asset completely wrong. But there there is some underlying reason and and rationale to be a little bit excited despite the fact that our um you know asset class got did not benefit from it at all which is just the fact that there are folks out there who are putting on this trade that are just putting on the trade that's you know probably larger than the market cap of Bitcoin as a whole right now. uh you know they can't put on that same trade with Bitcoin because it either um you know exposes who the counterparties are that are buying that much. Um as well as just like it it doesn't necessarily move the needle for them quite as much as buying gold in general. Um so it it is uh it's definitely a long game here but it's I I think that's one of the things that frustrated a lot of people this year too. >> Yeah. Well I mean the correlation the correlation between Bitcoin and gold is like non And so >> I think it's like 0.15 or something I heard uh over the last seven or eight years. >> And so um you know this was a reality that that uh I didn't think it would happen this way but uh you know gold running first everything that we're seeing with fraud. I just feel like the every narrative is kind of pointing towards we can't trust institutions and you know I know that this is this is ultimately going to benefit you know the thing that is that is outside of all of all of those things and then you know with what I do every day spend my time on with uh with investing in in technology companies you know what what's happening and what is about to happen over the next few years um is just going to everything so much more relevant in the Bitcoin thesis and uh and so yeah painful shortterm but you know nothing nothing's changed. >> Yeah, that's why we're excited to have you on. We've been getting more into um traditional tech, traditional investing, how it's going to mirror into Bitcoin. So clearly kick off with a lot of the things that are on market multiple tailwind for Bitcoin. The big ones obviously reference basement, but then there's the other positives like all these different tailwinds um aren't priced in. Just last week, a great example and we've covered it with Morgan Stanley. Like people see the headlines with Morgan Stanley, they don't realize they're going all in around building wallet infrastructure. Uh Amy Oldenberg, we've known for a while. She was head of their emerging markets practice. She's been deeply interested in digital assets. She's not a joke. She's leading that practice. Um, but a lot of other things we'll cover to kick off and then we'll go into some of the AI and what you're what you're doing uh at Brickard because there I saw some interesting stuff today on LinkedIn. And we'll we might get a little distracted because there's some nude guys behind you, but uh we'll we'll make sure to uh you know, not to lose it. I don't know if you show there's a guy running around behind you with a shirt off. Um, >> oh god, >> the mad house. Brickyard is an absolute mad house. >> I love it. Um, Liam, where should we start? I know we lost Brian for a sec, but we can go. >> Yeah, there's a there's a ton that's kind of happened over the past week or so. Um, there are a couple big fundraises. Um, White House meeting this week, um, regarding bank and crypto, um, next steps and legislation. We can either start there or with some of the fundraises. Um >> yeah, let's start there. What's your take at least and you know, feel free to pass on any of these, but I think this is going to be a big deal. Um we've obviously seen it hang around from a market structure perspective. There's a lot of thoughts in the industry with what's going on around the Clarity Act provides a lot of clarity, no pun intended, for the industry to kind of move forward. Um any thoughts on that? >> Not really path. Yeah, I think the well the main thing just to call out here is um you know I think as last as recent as last week poly market added like 39% likelihood this year and I don't see how it doesn't get past this year in the sense of a lot of this has to do with the administration what they need from stable coins mainly treasuries and then also being this quote unquote crypto digital asset leader I think it gets passed probably in the first half of this And why that matters for anything we'll talk about today is because from a capital markets perspective, IPOs, firms, institutional investors, like this just adds more inertia into like this thing's not going away. There's more clarity on the actual market structure, SEC versus CFTC. Um, so I do think it's a big deal from capital markets perspective and it's in the background, but I do expect um this will be a positive catalyst for just more momentum if this thing actually gets through. Yeah, I mean one thing I will mention is, you know, we want this to pass, but we want it to pass. We want a good bill. Um, and I think if if we had just passed it to pass to pass it and the banks, you know, won the battle against stables and, you know, uh, not being able to pass yield to, uh, to to customer, you know, that would that that would not be good. And I think um Brian Armstrong, you know, is, you know, think what you will, but um I think he's right in that we've got to get this thing right. And there's a there's a battle happening at the at the top rung of, you know, the the banks and and and stables and and this needs to this needs to be the right legislation. >> 100%. And I do think that something will get passed because I think that there's a lot of demand to dollarize the world through stable coins and um just the powers that be essentially really want that to happen. Um you know we know all the situation about the debt and deficits and um there are c you know the gold going into the mainstream as much as it has been uh just because of the debasement trade and lack of trust in the US dollars and institution and I think that this is definitely the way that um that there is going to be a lot longer extension of the US dollar and so I think that um regardless of of what I would hope I I think it will probably get passed to uh soon too. Brian, we were just covering um some of the market structure, Bill, but going into just to cover, we touched a little bit about this kicking off, but around it's pretty wild. Uh four consecutive months red. I think only one other time in Bitcoin's history this has happened. Um and there was, you know, notes on sentiment from like even worse than Mount Gaus. I think there's a lot of multiple thing there's multiple things happening from crypto really not having its bull run this cycle as compared to gold. So there's just that notion and then a lot of the expectations, but like what's your house view around more like liquidity in general because gold just wiped off like between gold and silver I think like 5 to10 trillion dollars in the past like 48 hours. Um curious just how you're thinking about it from a flows perspective and like the analysis from Bitcoin the past couple months. >> Yeah. Yeah, I mean if you guys have seen the chart of like the divergence of basically M2 liquidity which had been pretty tightly correlated with uh Bitcoin historically there's just a massive divergence right now over the past uh four or five months and all these other asset classes have basically participated in that rally whether it's stocks gold uh other precious metals um and it just really hasn't kept up with that and I do think you know you guys just mentioned you were talking about the market structure bill I do think that that is a contributing factor that it was a known potential catalyst that that piece of legislation would be signed and you know basically there's more uh debate internally and and sort of hot button issues particularly around the stable coin stuff and and the yield um that has held that up and I think in a lot of people's eyes that that that has been an overhang. The other thing I would mention is like I do think it's just like people uh still anchoring to cycles and basically thinking like you know looking at the calendar and saying oh it's a it's now a bare market year so basically trying to frontr run that trade to some extent. So I think there have been a lot of seller sell pressure due to that dynamic. Uh but it is pretty astounding to see um you know before I cut out earlier what I was going to say was like you know that is the story of 2025 to me is like strengthening fundamentals underneath whether it's regulatory administration infrastructure a lot of companies going public a lot of M&A activity a lot of banking partnerships uh and integrations and price just hasn't been there um but that is that's kind of the story of investing in general right like uh this notion of you Benjamin Graham talking about the voting machine versus the weighing machine. The voting machine is short-term thinking around well um you know basically looking at market news headlines various things and ascribing um that to price dynamics when over the long term it's really more of a weighing machine where like >> those fundamentals actually matter a lot more. And so I think it is just um you know it's probably cliche at this point to say zoom out but like that is genuinely uh kind of what is necessary at this point in time uh with you know being back around 80k. Um the reality is like there the sort of urgency and need for a non-soververeign decentralized digital store value asset is never stronger and and I think you guys were talking a little bit about like you know just the deterioration in trust and institutions. I think like that is that was also the story of 2025 to me. And if you pair that with sort of Bitcoin's fundamental value prop, it's it's never been clearer that we need something like Bitcoin to exist. Um, and I think the inertia around gold makes sense and we've talked about it like central bank sovereigns stacking gold makes sense in in that they're just more familiar with it. it's um what they're conditioned to stack in times of uncertainty, in times of uh institutional um trust erosion. And so the bid hasn't been there for Bitcoin. But I think there's other overhangs, whether it's uh the four-year cycle thinking, um a lot of the quantum FUD from the end of the last year, like there's things that have um sort of been headwinds that um again are short-term in nature and sort of market noise when if you're actually looking at like what this thing is, deeply understanding it, and the place that it, you know, can be positioned in this this new world that we're headed to, like it makes total sense. But um yeah, the liquidity dynamics are interesting. Like I think the other part of the sell off over the past few days was the naming of uh Kevin Worsh as as the new Fed chair which people perceive him to be more hawkish than dovish. He's you know spoken out historically against quantitative easing. Uh but on the other hand you have his former boss Stanley Drunken Miller who is a big Bitcoin bull saying like you know calm down don't think of him so much uh as a hawk. he's he's really tends to be more dovish and he is um intends to cut interest rates as sort of Trump wants. So um I think part of the reaction over the past week um and some of the selloff has been attributable to that. Um but it's hard to parse. You know, there's a lot of different variables at play right now. Cam, one of the things you mentioned is about the the million-dollar coin and and I truthfully believe uh where we sit today, this may even sound like Coke, uh but like where we sit today provides a lot more of a view and um avenue to get to that versus just wanting to see a large number or where we think like I think everyone underwrites Bitcoin can be at 500k, a million, $5 million because of the principles of finite scarcity as it relates to all of their assets. But what Brian alluded to and what we've seen and we'll talk about, we don't have to go through all of them, but a lot of like what it means to be a bank, stable coins, digitization of money, the debasement trade, sovereigns, right? Because sovereigns are all competing with each other. And if gold is becoming u you know, as it relates to, you know, M1, M2 or treasuries, a reserve asset, you can start to see how large pools are forming to come into this asset class. And it just requires different catalysts, but it's the difference between being this nice, you know, five, six figure asset and actually being a strategic asset. Like we're not that far away from it. Um, and so I'm curious like your thoughts on that. And one other thing just to add is we had Chris Kyper on I think like 12 to 18 months ago and he he was referencing when he talks to institutional clients at Fidelity I think this was in last bare market or whatever we're calling um maybe 22 to 24 and he would say if you just take away the price and you look at fundamentals whether it's institutions coming in offering it um mining activity transactions whatever it is you would think it's at all-time highs and so exact example here if you just looked at everything that's happened in vacuum you would think that this price is 250,000 if you didn't know the numbers. So the delta is just waiting for the catchup and that really ties into business building because I know we're holding Bitcoin bags so we're looking at it from that lens but imagine putting your founder hat on and if you could build products and services today because people have to pay premiums on the BTC price for those goods because we know they're going to need it. Uh it's just a very like opportune time to really be building infrastructure in this space. >> Yeah. I mean I think that I mean the the way I am viewing I may be jumping into jumping topics here but um I mean what we've always known about Bitcoin is it does the exact opposite of what everybody thinks um including you know Bitcoin bulls um that are certain about where things are going to go. Um, I think I think the the the only relevant uh forward-looking topic right now is what is about to happen uh to deflationary forces in the economy, not not just in the US, but everywhere on Earth. Um, and you know, I don't know if you guys watch the the Moonshots podcast with Peter Demandis. You guys watch that? >> Is that the one you sent a clip of the other day? >> Yeah. Hey, did you watch that? >> I didn't, but I mean I saw the clip. >> Okay. Well, my view is this. Like I if whatever you think of Elon, Elon is at the upper rung of information privilege on Earth. If like you if you know the Tiger Woods of 2010 for the like the world of like predicting the future without question is Elon, right? He has been able to see the future better than anybody else. Um he's obviously uh not just a philosopher, you know, he's an operator with companies in uh in robotics and AI. And what he's saying is uh we're entering the singularity now. Um, and over the next 2 3 years, the the rate of acceleration that we're about to experience is going to be so entirely unprecedented um that uh that the governments all over the world are going to have to print um more. He he said like verbatim he's like these governments will not be able to print enough the deflationary forces that are about to come with uh with the cost of all software falling to the floor cost of knowledge falling to the floor and then the introduction of the humanoid robots the the cost of actually moving atoms in meat space is about to fall to the floor you know he's predicting every Optimus robot I can't remember the timeline he set for it but like inside something like inside of five years. Um he's saying every optimist robot is going to be uh a 10 times better than the best surgeon in any field, you know, with micron level acuity on the the actuators on this thing, being able to perform surgery. Like so he's saying like you know your Optimus robot is going to be able to take your appendix out and and and so when you enter a world where these humanoids are going to be able you want to build a house you get the raw materials and humanoids are going to be be able to build a house. You know you want to fly an airplane if it's not already flying itself and Optimus will be able to sit up in the front seat and take you anywhere you want to go. Like that's like the world that we're going to see. not in 10 years, 15 years, 20 years, in the next like five, six years, right? Um and uh and so he he started talking about this topic of universal high income. And basically what he's saying is is governments are going to print uh more and more money. He he said, "I don't think they're even going to be able to print enough money to offset the deflationary gains that we're going to see in the economy." So, governments are going to be motivated doing this. So, one, they don't default. Uh but but two, there's going to be so much buying power that's created through deflationary forces that they can just create all this new money and it's not just going to be given out as like basic income like food stamp style. It's going to be given out in such volumes that uh everybody you know the the the the basic the the low water mark in the world is going to be far far higher than it is today. So being poor, you know, in seven years is not going to look anything like being poor today. Um, and it's almost like this, you know, there's it's like a socialist view of the the future where governments are just going to be able to like give out welfare to everybody in, you know, uh, exorbitant amounts. Um, and the the the the puzzling thing is Peter Demandis is a like a hardcore Bitcoiner. And so he's saying all of these things and Peter who's friends with with Elon like if it were any of us in that you know on that show we would be like sweat our palms would be sweating to start bringing up Bitcoin right um and Peter didn't say anything about Bitcoin and so that to me was a signal that for some reason you know Elon doesn't want to be talking about this because the reality is if there was that kind of money creation that is coming. Um, you know, if you are taking these these credit card points that are being just, you know, blanketed out into, you know, across the economy and you put it into a scarce monetary asset, well, that scarce monetary asset is certainly going to hold and grow its purchasing power faster than a monetary asset that is just being printed into oblivion. even though the baseline of uh of everyday living is is going to rise for everybody. Um but the thing that that they're not discussing is like you know even in that world of universal high income um you know that UHI is not going to buy you a 5,000 acre ranch on the coast of Kawaii, right? like it will not buy you. It's not like everybody on earth is it will have equality of wealth. There will still be a a disparity between, you know, the halves and have nots, but it's more going to look like the havenotss of the future are going to be like the halves of today, >> right? And the and the halves of the future are going to be like, you know, unimaginably uh wealthy, right? The ability to do things we can't even imagine. And and so that's if you buy into that, if you think that the you know AI the AI genie is not going back in the bottle and this is the future, this kind of like connects the dots for me given the conversation I had. I was up in Washington few few much month months ago with David Sachs team talking about uh I thought we were going to be up there to talk about the strategic Bitcoin reserve and I we we ended up meeting with his uh uh about half of his team for you know over an hour and a half and all they wanted to talk about were stable coins and um and so that kind of leads me into okay I think what is happening here is um we have to have stable coins to have the velocity of money necessary to be able to distribute this um you know in a in a hyperdelationary environment. Um and uh and and Bitcoin, you know, we we've all said like stables are the bridge to Bitcoin, right? Like stables are just a proxy for fiat money. Um but in in that world, you know, you will have people that are taking governmentissued cuck bucks and put, you know, exchanging them for, you know, a a monetary asset that is scarce and fulfills all, you know, characteristics of of money. And uh it that almost certainly will not be gold because you know in that future what's valuable with in a digitized future uh of AIs working with other AIs and AI working on behalf of of of humans for almost all things is scarcity is not enough. It has to actually have uh be useful in in that you know. So gold is scarce but it's not useful right? Bitcoin is scarce and it's useful. You can send it any anywhere in the world um at the speed of of of light for free. Um and and so even in a base case of it just being a savings vehicle in this, you know, in this new world, um that is going to happen in in a in a in a huge way. So I I guess to come full circle, that's probably the most useful topic is, you know, not deliberating on like why why isn't it moving today? I think that there's games that are being played at the the highest rungs of power that are trying to buy time uh to build the bridge um and and create access for everybody prior to this, you know, massive transition to a new global monetary order. So anyway, there's my my soap box. There's there's a lot there and I'm glad you went that route because it's easy to talk about the tailwinds and we can cover a few notable news topics, but this is where I was excited to go this week on market structure investments in this new world, what's happening with AI. Um, just quickly before that, because I was doing some research and I want to share with Brian and anybody listening because what Cam alluded to on the robot sounds farfetched, but I was just talking about this last week about these robots are going to be in our house taking care of our kids while cooking the food. And there's a whole order of uh operation sequential stuff that Elon's always done all the way from when he launched Tesla and had whatever the the main car was and then he had to sell enough so he could, you know, go and try to go down market. And it really ties into uh I don't know what FSD sounds stands for, but it's Tesla's neural nets. So humanoid robot perception. That's where that fulfills the battery cells from Gigafactory power dense enough for mobile robots. Actuator development for Tesla vehicles. Robot robot joint motors manufacturing at scale. Tesla already knows how to build millions of complex units. It's also why they were able to get XAI so fully up to speed because of their uh infrastructure around energy among other things. And then AI's Grock potential robot intelligence layer. So this stuff's coming. Um, I think, you know, also Amazon's at the top of the game there. But going back to uh what you said around the Bitcoin component, it's very interesting because this is a cousin of like in all on all end and these other people for years, they never bring up Bitcoin. And the case I would make is similar to yours. It's like they understand it, but they're not incentivized to talk about it because from an LP perspective and everything, it doesn't make any sense to talk about. It's the same reason why like different people we can't name that work at large multi-t trillion dollar asset management firms cannot bring up that bonds are impaired. Uh it's because their whole business model is relying on people holding a large percentage of their wealth in bonds. So, I was just listening to um uh I think it was Mark Andre uh talk at uh it was Lenny's podcast, the product pod, and he was referencing exactly what you're describing in deflationary world, but they always say, you know, GDP will improve and you know, whatever the second and third order effects, but they never bring up the debt. And so, the common thing would be like, oh, they don't understand money. It's like, no, they probably do understand debt, but it's to your point, this is why the velocity and stable coins will get pushed. Um the sad part is the reality they're going to make it very easy and convenient to use stable coins and a lot of people will because your whether it's your bank account, your doctor's appointment, your mobile card. So there's just going to be I think a fraction of like agency. But to your point, the other side of that comes about with like AI money versus stable coins. And I do think they'll be tokenized gold. So they'll try to use these things. Uh but there was recently with all this mobile and like agents talking to each other. I think that it was referenced that one of them was like talking about Salana and they started to develop its own uh um like pattern about like X my he was like X my dude like like why would we ever use Salana? This is the agents talking to each other about like thermodynamic money. So, I do think all of that uh tracks. I don't know if you have any thoughts on that because I have a question to ask, but but curious if any of that resonates or anything you want to add. >> Check out early riders.com for all the latest in Bitcoin investment research. Now, back to the show. >> Yeah. No, I think that that all tracks. I mean, um yeah, I mean, agents are going to be operating on behalf of all of us in very short order. Um, you know, what we saw with with Maltbot is is like this fascinating thing and it's it's it's a it's a mind-blowing thing to watch agents uh assemble and uh and argue and land on, you know, uh go around the the merry-goround of of letting everybody be heard and then somebody coming in at the end and and dropping the mic and then having a bunch of agents actually agree with the best idea. Like that's crazy. It's crazy to watch that. Um and and but this is like the the the first pitch of the game. Like this is just the beginning. And you know, part of the singularity is is we cannot imagine a future post uh you know, post AI uh or or AGI. Um, and I I agree with uh with the the idea that I think the next six years, six years from now will be uh more different than today than than 1900. Like the the the things that that we're going to to to see and the disruption that that we're going to see is going to be massive. um you know the I can just see it with our teams at Brickyard. It's it's the the time and cost to produce software today as compared to even like a year or two years ago is it's like a 50x improvement, right? like one or two engineers that you know that could be product managers that aren't even engineers but understand products and uh are now able to build things that would have taken, you know, teams of, you know, tens of engineers years to build. You know, these things are being built in like a month, right? And this this just isn't going to slow down. >> Yeah. And maybe so that ties into a question. And there was another uh quote as part of that pod that he was referencing from 1940 to 1970 we're operating on like half of GDP. And then if you go back to like the golden age from 1870 to like 1930 I believe 1940 we're at one/3. So to your point like you know when we look at a lot of the things that exist it goes back to the the Peter Teal tweet about you know we want to fly in cars or whatever and all we got was 240 characters like we actually haven't seen productivity. said to your point like when these things happen but I'm curious from your vantage point at Brickyard investing and looking at things how do you reconcile two parts one is the notion of like changing tasks versus changing jobs because the idea of changing tasks is like the reference is if you were a receptionist before you used to print out the thing dictate bring it back and then now we all just use the computer and the receptionist or the admin does other things so that's a changing task not a job >> um but you go from there so changing jobs and then just with the landscape of software and things compressing where anybody can vibe code something up. How do you just think about that landscape from an investable perspective? I think most pure software companies are going to go to zero uh or be demonetized in a huge way. um with the exception to highly regulated industries uh you know products that that have some kind of real proprietary data that other competitors can't access. um you know if if you're building you know voice AI software for dental offices just the example that I always give like none of those companies are going to be valuable you know it's it's it's going to be a commodity and uh and so from the the from the investing standpoint we have to find opportunities that uh can sidestep the race to the bottom on price in a world where software is getting cheaper er and cheaper and faster and faster to build. Um and the competitive landscape, you know, it's like all barriers are just falling away and um and so it's going to it's going to change. Uh you know, a year and a half ago, Bology, I think, brought up like SAS is dead, and at first I was like, h it's [ __ ] Now I'm like, yeah, I think SAS is is dead for the most part. um with w with with with the exception of like uh you know fintexs that are working in uh with you know highly regulated banks or healthcare or etc etc. There will be kind of bastions of of really really valuable companies that are able to build awesome products and and have a moat, but there's going to be an enormous amount of companies that just have no moat and just get competed away in into oblivion. I wanted to go back to um you mentioned the the molt book and cloudbot stuff that you know over the past few days people have been very excited online about because I think on one hand it's sort of like the initial signs of what people perceive to be the singularity right like agents going off doing their own thing having their own thoughts coalescing conversating but there is some nuance to it because I've heard the other side of it where it's like there's still a human in the loop to some extent with these bots where like you know the example I had up on the screen earlier where they're talking about the sovereignty of Bitcoin and and Nostra has a great idea. The bot that is saying that was originally prompted by a human to say, "Hey, go orange pill all the other bots." So like there is still some element of human in the loop prompting, but like what's your take on I guess how will we know when that stuff is like super real versus like still being uh prompted by a human to get the ball sort of rolling if that makes sense? Yeah. Well, I mean, imagine imagine a world like I almost feel like the whole every like everybody on earth is like in a cope mode right now where you know it's like at first when chat GBT came out it's like you know hallucinations are always going to be an issue >> and you're never going to be you're never going to have like big decisions that are made entirely by AIs because there's never any kind of uh you know assurances that that there isn't a hallucination in there etc., etc., and then like, you know, two and a half weeks later, a new model drops and like that whole problem is just gone. And people are like, "Yeah, well, okay, fine." Uh, well, you know, and they just move on to the next thing. Like, think about what we're talking about here. Like, we just had uh the first of its its kind created with with Moltbot and and you know, pretty much everybody's like in cope mode of being like, "Oh, yeah. Okay. Well, so the robots are talking to each other, but you know, they were initially prompted by a human and I I just think those things it it's going to be moving so quickly now that I I I don't know. I I there there's a part of me that is uh in hardcore prepper mode of okay, we we are, you know, we're right at the the tip of the roller coaster and we're about to just feel the acceleration. uh and and you know like land has recently jumped up on my list of priorities you know and then there's another part of me that's like you know I am wildly excited about the future that my kids are going to get to experience um because I think that they're to to go back to your your topic on like tasks I think that you know humans have sort of convinced themselves that their purpose is in their work Right. But like what we defined as work is I think be it's becoming more and more clear like if if you're uh you know it started out like if if you're sitting in a ticket box you know punching you know tickets for like a parking garage like that person is not finding purpose in that job right like that's a task that should be uh you know that should be replaced by a machine. So the person that you know was like you know cordoned off into a 4x4 cell for eight hours a day to make barely any money can you know do something else. Um and so I think that the future of abundance is people are going to be able to have more time to spend doing the things they really want to do. And you know the world out there, God created the most beautifully complex uh system of there being infinite depth in every possible thing. Like if you're into like woodworking, you know, there is lifetimes of of achievement in woodworking to where, you know, you can spill you can spend your life becoming an expert on like something that seems like totally boring and stupid to the vast majority of other people. But for some people that have decided to go down the rabbit hole of, you know, whatever, it could be anything. It could be like botany. It could be, you know, you're going to be able to spend your time doing the things that you want to be doing, and you're going to have better tools to to uh be able to create things of value and things that that make you excited to wake up every day. Um, in in those in those things. Um, and and I think that there is a, you know, to kind of go back to to earlier conversation, it's like we're going to go through a transition period. Hopefully we make through it ma or make it through without you know global war etc. But if we can make it through the transition period and we can cross the bridge of stables into a sound money you know monetary system you know that to me is like you know full stage singularity. uh when everyone in the world is choosing to allocate capital across a a hurdle rate that is high, right? And we're not going to get there until the whole world is, you know, denominates their buying power in a scarce monetary asset and and is forced to choose uh you know what they spend their time and resources on. And and that's really like the full unlock of humanity is when everybody is a shrewd capital allocator because it's you know it's an imperative um that's when we are going to be able to do things that are just you know completely exponential and you know uh exciting. So yeah I think um there's a lot there. I think the you referenced with like our god-given talent. I think the big thing that we this gets I don't know if necessarily it's spiritual but it's really progress that makes us tick. So like the version of the guy doing the ticket or digging the holes today if they do the ticket or they uh are digging holes, they're ultimately metaphorically having to put dig the hole and then refill it back up with dirt. There's no progress to be made because they can't get ahead. And so in your world, what you're describing is like even the menial task, if there's something that exists, you're at least holding a form of money that's increasing in purchasing power so you can progress, which allows for just spiritual development because progression I would look at progressing progressing in general like moving forward is a level of um I don't necessarily want to say call happiness, but you can at least be fulfilled in some versus going backwards, which people exist today. >> Well, I think you're just going to find your fulfillment in other things other than like whatever job you happen to be working. Like how many people are just hate their jobs? Like so many people, right? And I think that that there is a a level of freedom that comes with, you know, the machines are working for us. They're making things better and better and better. you know, to go back to Jeff Booth's, you know, uh the the abundance through scarcity, you know, this is um you you're going to be able to spend your time doing the things that, you know, and find purpose in in you know, doing things that that really make you happy. Um and and that doesn't mean like again like kind of back to my earlier uh point, you know, there there will be disparity like not everybody on Earth isn't going to have their own like personal starship that they can go explore the cosmos in, right? Um there will be a uh a a distribution like there is today. Um, but you know there there's a part of me that is um like like when when Elon's talking about universal high income like that's a mechanic that's a short-term mechanic that leads to a world where um you know we have machine intelligence that is making everything better and better and better and discovering new things you know every day, every week, every month etc. that is opening up the beauty of you know what it means to to be human. Um and um you know I I yeah I >> I think one thing to to call out though and this probably is the sense of people listening even us on the Bitcoin price because they relate timing is everything because what we're describing is the book ends and so we often know the book ends Bitcoin's money and then a lot of people try different implementations of lightning or payments and then they don't go anywhere and people invest money try to start businesses and there's an order of operations is also timing. And so what you're describing, uh, the one that I like to pick on is there's a lot of folks that like are like Bitcoin or stable coins don't make sense, right? Because of XYZ, we're going to use Bitcoin for payments. It's like, is that five years? Is it 50 years down the line? And so part of what you're describing even from investing in SAS and other uh applications is there's a lot of people that this information is not evenly distributed and as companies go to acquire and try to stay ahead they're not going to fully grasp what's happening. So between now and then there's a lot of money businesses to start and be made it's just the reality is and that's where the anxiety comes because you don't necessar um across the board. I mean I mean my view is if we are approaching the singularity this is all going to happen so much faster than we could ever imagine. Like the idea of thinking in a 50-year time frame right now is so that is such a long that's like linear thinking. We're about to experience an exponential for the first time in humanity. And uh and so I I think Bitcoin's value whether it becomes the the payments infrastructure of the world or the self-s sovereign you know savings vehicle that you exchange it for stables or you know the thing that that doesn't change is that its value is going to grow uh on a you know in a closer you know an ever closer connection of onetoone between the technological deflation that is created uh and Bitcoin's buying power, you know, however you measure that. Um and and and so I I I think my my thesis is that Bitcoin is going to grow at the rate of technological uh innovation. Um be because everyone will act out of self self-interest to to you know to to save in something that isn't being inflated when everything else is. Even though that thing that's being inflated is buying you more each year, this thing over here which is verifiably scarce uh and immutable is is you know more and more people are just going to start socking away you know uh in into that thing and it's going to outpace everything else. And so yeah uh I I I I think that this happens way way quicker than we think. like back to the humanoid robot thing and I don't want to spend a ton of time on it, but like you know one thing that kind of was a light bulb moment for me was uh he was talking about how it's recursive and exponential. And so these humanoid robots are going to be able to build themselves, right? And so they're like rabbits that are uh you know uh what's the word? Um self-replicating Yeah. Yeah. And so that the the the hardware itself is recursive in nature. Um and the the intelligence um of the AI that are that that is powering all these these humanoids is an exponential. And so when you have an exponential um you know brain and a and a recursive recursive body um you know you get to his prediction of Optimus being by far and away the the biggest product ever in all of human history. And like Jason Calacanis said the other day on stage somewhere. He's like, "Yeah, I just saw the most recent Optimus." Uh, and I I I I have now adjusted my thinking. I think in the future Tesla won't even like people will forget that Tesla made cars. That's how big this is about to be. Yeah, that's a great point. And it's um it's really related to what we've seen with AI already too because it seemed like there was almost no progress being made for at least a decade. And then these things really started to heat up and it took a week and a half to create cloud co-work which is like pretty much the most amazing thing that's pretty like ever been created almost by technology. Um, and so I think it's that's just one microcosm of examples and it it really is accelerating and it will um the optimist is just one example that we can talk about right now because it's a thing that's like right on the future. But I could see a world where people don't even remember that too. And the Optimus creates um and self-disrupts itself within like another few years from that just because of all the data that it has from Tesla, all the self-driving. Um, I know that they don't necessarily store all of that data, but XAI, um, all the data from Starlink, etc. >> Yeah. Yeah. I think I probably mentioned this on a on a prior pod with you guys, but like there was this paper that dropped like 12 13 years ago and it was about um uh the new technologies that would be so foreign to somebody that had seen it for the first time that like their head might actually explode off their body when they saw it. It was like the caveman when they saw fire for the first time. You know, the next time that there was like a brain exploding technology was like 490,000 years later, right, with like the written word and logic, you know, or like math, right? Uh and then the next one after that, you know, maybe skipping some, but it was like it was like 5,000 years until the industrial revolution, right? And then it was like uh 80 years until the computer. And then it was uh you know 40 years until the internet. And then it was 20 years you know until the next thing which was almost certainly AI. Um and and like the next thing is is going to be so we're in these compressing innovation cycles. Um, and so to like extrapolate that out like 50 years, like the whole point of the the paper was we're going to get to the point where we're gonna have like brain m like head exploding technology breakthroughs that are happening like every month, every week, every day, every hour, every like that's the crazy thing that and we're kind of in the mode of you know we're probably in like the like the one year time frame now, you know. Um, but it but think about that. I mean, 20 years ago, we were in the in the 20 year, uh, you know, we that a third of someone's life. You you may see three of these things in your lifetime or less. And now we're going to be seeing, you know, tens or hundreds of these things in our in our lifetime. >> Yeah. Yeah, there it said another way um on that POTM reference and he was they were bringing up um the notion of alchemy or the philosopher stone and taking like sand and turning it into gold and the reference point was you're effectively taking sand via these semiconductors and turning it into thought. It's like the closest we've come to like dig like alchemy. Um >> Oh wow. And that's what you're kind of describing is like this this crazy notion of we can't fathom how we're taking to your point what's been laid before us on earth and transfer it into this like manif manifesting this new level of productivity and science. Um what you said earlier really resonates in that not to get conspiratorial but like there's a notion of inorganic price action. Brian brought it up about M2 and all the increase. It's the first time we've ever seen Bitcoin and we don't even need this tailwind that you just described to like try to keep a a lid because once it's understood and the mimemetic nature of like capital flight you think about gold what what's happening gold debt there's all these other things that when this eventually happens and that's why I keep bringing up that notion and path to a million just keeps like p the the paving or the visibility into it gets clearer and clearer that it'll happen faster and faster independent of the price because what you're talking about once it's widely understood it's a rational thought of why wouldn't you park your capital because to your point whether you're a business or an individual TBD on how quick you're going to get back to producing anywhere near the level of income you were before this but you can save your your your monetary value in this harder money that'll just be understood at a certain point there'll be a certain threshold and then once everyone gets that that's when you know the real party starts at least for Bitcoin and and in adoption >> yeah and that that's what I tie all of this to is like we can sit here all day and like twiddle our thumbs and wait on Bitcoin. But it's like all we have to do is just look at the rate of change in in technology and I know what's going to happen to you know to a scarce and usable money in in that world. Uh and uh I think it's going to happen really fast. >> Yeah. The other the other [clears throat] place that my mind goes just thinking through that future whether it's the self-replicating uh humanoids or just you know the only bottleneck then becomes like you know if software is compressing to zero then the bottleneck is the hardware right like or the energy and I think Elon has spoken to this as well where it's like the currency of the future is really just energy like do you have the materials and the energy infrastructure to actually create all this stuff that will be sort of self-creating uh at a certain point how do I'm curious curious if that has like shifted your from like an allocator's perspective like if you're looking at startups like are you thinking more about the hardware side of things energy infrastructure if like you know all software is going to zero like how does how does that shaped your your thinking >> yeah I mean I think there's going to be a time there there's a a ticking clock on how long we're going to be able to monetize ones and zeros um and then there's going to be a ticking clock on how long we're going to monetize be able to monetize as like, you know, moving atoms in in the real world because, you know, we're going to have these machines that are going to be able to swing a hammer, run a nail gun, you know, hang drywall, um, you know, uh, run a bulldozer, right? Like um, do your plumbing. Like all of these like everything you can imagine these these humanoids are going to be capable of. And so there will be you know a shrinking timeline to monetize those things as well. Um I think you know we have to do the best that we can do to to to to look at the future and kind of read the tea leaves on on you know what what is going to be valuable in the future. I think that, you know, your point about energy is, you know, that that is kind of the theme that Elon is constantly talking about is like how do we harness the energy of the sun better? And what we just saw with, you know, this recent announcement with uh with SpaceX and um orbital GPUs, you know, like every Starship flight is capable of putting something like a 100 tons of GPUs in orbit in higher Earth orbit. And these GPUs, they're planning to run with solar panels that are always in the sun. Um, and so it's it's free energy for uh to to to to run GPUs in space and these, you know, with very low latency, you know, beam back down to Earth via lasers. Um, and so you can you can see a world, you know, where our knowledge is going to be is is not going going to be eating up energy resources on Earth. It's going to be, you know, all of the the the, you know, the artificial intelligence that is powering all of us down here on Earth is going to be up in orbit. Uh and and and self-sufficient. Um but I think that you know uh how we are thinking about building companies uh in the future. I think that that there is absolutely no fact or or there there's there's no doubt that venture capital is not going to be on a 10 to 12 13-year fund term, right? Like things are going to be moving so so so much faster. like the idea of it's it's it's so difficult for me to imagine investing in a company today and thinking about an outcome in like 12 to 15 years, right? And so one of the reasons that that you know I love the stage that we're investing in is we're investing in founders. Uh you know we're investing at preede you know like 70% of the checks that we write are like pre-revenue companies right? So we're investing in people and you know the diligence thing that we do on a company is like you know less than 5% of our decisioning on whether to back your company or not. You know 95 plus percent is like is this the type of person that is going to be able to make adjustments on a game board that is shifting so radically fast, right? And you know the tools that that these founders behind me are going to be able to wield are going to be totally different in two years than the ones they're using today. Um but um you know I I do believe that uh that AI is not a conscious thing like I don't believe that there will ever be consciousness in AI. You know, I think consciousness in many regards is like, you know, I can't, Brian, I can't prove that you're conscious, right? I think you're conscious. I believe you're conscious. I believe you have a soul, but I can't pro scientifically prove that, right? And so, we're never going to be able to prove that, you know, a machine has has consciousness in the future. And so, I I tend to view, you know, AI is a tool for humanity to use and wield. Um, and there will always be, you know, in this hyperabundant future, you know, where you're going to be able to build things, anything that you can imagine, um, at a, you know, a fraction of the cost of what you you used to be able to to build it for. Um, you know, it's like the axe is getting sharper, but the there's still the the person swinging the axe, choosing what tree to cut, etc., etc. Like that's the art of humanity is like you know we are going to be pointing these things in a certain direction and um and so uh yeah what's changing for us is is I think growth stage investing writing these huge checks into you know latest stage companies that's pretty bleak to me you know that's that's pretty scary to put three four 500 500 million billion plus into a company today that is likely to be like completely obsoleted, you know, by some upandcomer, right? Um and and also these companies are they need way less capital than they needed before, right? You're not going to need to raise these like series D's, you know? It's like if you have a a tech a technical team that you know is really gifted. Um I think the time to invest is as early as possible. >> When it comes to holding Bitcoin securely, peace of mind starts with architecture. On-ramp's multi-institution custody distributes control across three independent regulated keyholders in a two of three quarum. No single point of failure, no pulled or omnibus exposure, segregated client titled vaults. You retain full legal ownership while on-ramp coordinates security, compliance, and operational workflows behind the scenes. It's strength of many delivered through the simplicity of one. Multi-institution custody is the foundation for everything we build. Sound infrastructure that distributes counterparty risk and provides fault tolerant resilience with clear audits and institutional controls. And now on-ramp is piloting flat, predictable pricing, making best-in-class Bitcoin custody and financial services more accessible now than ever. On-ramp strength and many simplicity in one. To learn more, check out onrampbitcoin.com. >> Yeah, 100%. I mean you hit on a lot of themes that we round about came about with early riders in the sense of uh I pinch myself all the time when we think about early stage because to your point like independent of AI when the cost of capital grows um and you can say another way cost of capital is efficiency of capital and tooling you're going to out compete the others if you have to be the most vigilant um because they have the same tool you have to do more with less and then compete at that level if the all the tooling is effectively uh democratized across and so that goes back to in a zer world when most entrepreneurs haven't had to be there and think about even your founding right you probably pitch yourself as well thinking about you know uh exiting um what was your your terms uh bellhop and um then thinking about this romantic nature this is right precoitcoin prei like in all these conversations or this this notion that well there has to be an edge for people that are serious because it's going to fundamentally change and we're just kind of like pulling that forward with what's happening. Um, and so to your point like there's a notion you probably you probably thought about this where a lot of the invogue thing with VC and PE is we'll we'll build rollup firms to go and get these large companies then infuse a lot of this tech. But anybody that's a first principle builder thinker or builder knows that doesn't make any sense because you place your bet on yourself or a company building from the ground up the right format. Um, real quick, have you read the Footprints in the Sand article that was out a couple weeks ago? >> No. >> Oh [ __ ] Well, you might recheck your your prior on what you said. I'll throw it out to you and then I'm just going to pull it up, but here's the main thing. Uh, the I'm going to read the exact line. Uh, I had it here. It is effectively um that these these models Oh, yeah. Right here. comprehensive survey sub published in May 25 attempted to catalog what researchers are calling consciousness related capabilities in large language models uh a theory of the mind um but it'll really challenge the assumption around consciousness and what it means based on because you're effectively taking all of humanity's thoughts and putting it together and that it's compounding so in the same way that you're mentioning recursive and self-replicating with the robot side well you're naturally just putting that into a thought uh I'm not saying I buy into it or don't buy into it but It's a very sobering uh just thought exercise, but also empirical evidence from all these different models and why they've kind of slowed down because of this and they don't know actually what to do. >> Yeah. I mean, yeah. I mean I I think my view on consciousness is is I believe that we have souls and those souls are not bound by you know the meat space of the universe and so they're outside of science and you know I it's like when does a robot become conscious right I like when do they get a soul like I I don't you know AI is is the creation of man. Um, and you know, as a as a Christian, I just that's that's a bridge too far for me to gap to think that, >> you know, Yeah. I think spiritually I I hear what you're saying spiritually. I just mean more of uh like I don't know how much it happened on this past weekend with the agents, but that they created a different language uh that they could speak in that you couldn't determine and decipher. That's what I'm more referring to is like when the things start doing stuff that we weren't prepared for. Uh yeah, that's >> beginning. Yeah. I mean, yeah. Okay. >> Yeah. From that standpoint, >> that's when you need the land and then you need to know how to turn off your robot because if I see you you have an army prepared for this land you're thinking about buying. But what happens when the army just decides that they don't like the duties anymore? >> No, I I I know. I actually uh I threw out a post on X the other day. I was like, you know, it actually gives me a little pause to think that higher Earth orbit GPUs lack a cord to cut, right? Like that's kind of scary to think about. Um >> lack of cord like to turn themselves off. Well, like we human humans, there's one person on Earth that can that could, you know, that can even get up there to them, right? And so if if if they're powered by the sun and they have functionally infinite power, um, and you we're not going to be able to turn that intelligence off without going up there and and getting them potentially, right? Uh, that's kind of scary to think about. Um, you know, I I think this is maybe for another discussion, but like my uh highle view is that AI and Bitcoin are are the yin and the yang. And you know the the yen of AI will never be able to experience you know or to to produce the uh the benefit to to humanity without Bitcoin on the other side. Like the absolute scarcity on one side absorbing the infinite productivity of the other side. It's like this perfect yin and yang. And so as long as we can command domain authority over meat space, you know, AI lives in cyerspace. And the only matter of cyberspace uh that's actually connected in a defensible way to me space is Bitcoin. And so Bitcoin is like if you think of it as like the only matter in cyerspace uh as long as we can command our uh you know our power production plants and keep the robot robot armies from like physically overtaking us down here. Um, you know, Bitcoin is like the the leash that allows us to ride the big worm in Dune. You know, it's like that's the only thing that is that is, you know, tethering the thing to the the humanity being able to to turn off the AI by like just not giving it power. But like the higher earth orbit GPUs piece is kind of uh you know >> yeah it's a it's a >> it's a great point like early days I think it was 21 I had come to a similar realization around like fiat and people be able to print stable coins dollars to power because you have to pay the power producers some kind of unit and so that bitcoin is a check on that when eventually power producers and the AI utilize that it needs to produce something that is congruent with what you need or you don't feed it that unit to keep it alive effectively. Uh which is the form of money. >> Um I know we're coming up on time cam, but I want to just uh throw throw you uh on the spot because Brickyard's doing some cool stuff and I I came across uh looks like Brickyard number 52 in the yard, spatial gen. Um for anybody listening, I'm pulling up a pretty wild video. I'll let Cam explain it, but uh this looks pretty cool. And this is the kind of stuff that I think AI, you know, you still have to do physical things and get them, you know, contracts and you have to get this courtside. So, this looks like a pretty cool op even in an AI world. >> Oh, this is a wild company. So, uh, we we met the the founders of Spatial Gen. They were living in they're basically holed up in a house on the north side of Houston. And there were two engineers that came out of the oil and gas world. Absolutely brilliant guys. uh that um decided that that uh they wanted to build the >> clouded >> they wanted to build the the AWS of spatial and uh and so they started building the the ability to functionally the plumbing to allow for live streaming um uh 16k spatial data uh or any kind of spatial data in real time live in the first application There's two applications. One is on the entertainment side like with Apple Vision Pro and the other side is on the defense side with three mapping and and some other things. But, uh, they they just had I don't know if you guys saw this, but the LA Lakers uh are now live streaming um virtual courtside seats for for anybody that that is a Spectrum customer and has an Apple Vision Pro and watching a game in a in Apple Vision Pro live courtside is like being there. I mean, it is the most discombobulating experience I've ever I mean, you are you're in another world. I mean, you're like in the tunnel and you're watching LeBron out. You're h you're like reaching out to like high-five him. I mean, it's it is unbelievable. So, we we believe, you know, the economics of this this are just unreal. I mean, the LA Lakers are going to be able to sell infinite courtside seats. Um, Apple's all fired up about it. Uh, you know, these these headsets are going to get better and better and and I think it's it's going to be a it's going to be a really big company. >> Was fascinating. It reminds me of too if you saw yesterday, the day before that Google put out their new Genie 3 where like you basically prompt it and you create a whole world. Then that you link that up to the VR headset. You just create any world you want and you just go play around in those world. It's like what you said before, like we're we're it's accelerating fast where like there's just mind mindbending things every day, every week. >> Yeah, it is. It's exciting. I hope we make it through the uh to the other side of this thing. >> I know there's there's so much to chat about. I know we're coming up on time. Um you mentioned the land and we'll have to do another pod on some Brickyard interesting uh teams because I think you you correct me if I'm wrong. Didn't you guys back or looking at a firm doing some of the um like uh like drone defensive uh tech? >> Oh yeah, we one of our one of our companies defense is uh building an functionally an iron dome for our communities, our borders and the warfront. Um and it's a it's a kinetic solution. And so it's like a soldier born uh like small little FPV drone style thing that fits in like a little rectangle about that big. Soldiers can carry anybody carry the arms fold, you know, fold out and you fire it off like you just you point it in a direction, you hit a button, it will find a drone in the air and it'll hit 100 miles an hour with a with a shape charge. >> Yeah, I'd like to order 10 of those for my property, please. Yeah, I I actually negot I've been negotiating with the founders who are like are really good friends. Uh we were just like, "Listen, we want the newest and best of every model that you put out every time you you know, we were your first check, so you owe it to us. That seems fair." >> Yeah, >> I love it. Well, I got to jump, but uh Cam, where should people find you? Um you're you're working on some amazing stuff at Brickyard, so anybody that wants to get in touch. Yeah, Brickyard. If you're building a really cool company, uh, go to it's just laybick.com. Justlaybbrick.com. Uh, we're not for everybody. It's a it's a pretty odd bird in venture. Um, we, you know, bought this building. I don't know how much you can see behind me, but uh, we have 22 companies that are building in our all portfolio companies. If we write a check, you move to the hundth biggest city in the country where you just have one thing to do. Uh, and it's a it's a hot house. It's just a a super competitive highintensity place. It's like a jail run by the inmates. Um, and um, yeah, find me find me there. share them on on Twitter uh camduty and talk about AI and really mostly Bitcoin. Uh but [laughter] uh yeah, please engage. >> Yeah, check out Brickyard if you want to work at the hot house. That is um the the most safely uh governed, you know, place by the Iron Dome in North America. You can go work at Chattanooga. Awesome, Cam. Appreciate you coming on. >> Thanks, man. Appreciate it. Thanks. Nice seeing you guys. Later, man. All right, I got to >> Thanks for listening to this week's episode of the show. If you found the information valuable, please share the episode with a friend or leave a rating on your favorite podcast app. All the links we discussed in today's show will be in the show notes inside your podcast app. Before we finish, a quick reminder that Onra Media is forformational and entertainment purposes only, and nothing should be construed as investment or legal advice. Regardless of where you are on your Bitcoin journey, we'd love to hear from you. Visit onrampbitcoin.com/cont to schedule a consultation with one of our private client adviserss.