RUSH TRANSCRIPT All right ░░░░░░░░ s move on and ░░░░░░░░ to our floor show ░░░░░░░░ we can Reddit being ░░░░░░░░ temporarily certainly not stopping ░░░░░░░░ new names from joining ░░░░░░░░ meme stock watch list ░░░░░░░░ Clover health let s ░░░░░░░░ a look at that ░░░░░░░░ a mere 74 after ░░░░░░░░ 30 yesterday clover health ░░░░░░░░ a Medicare insurance start ░░░░░░░░ but look at that ░░░░░░░░ meme stock the reddit ░░░░░░░░ is getting involved Also ░░░░░░░░ s up 24 today ░░░░░░░░ new record highs Both ░░░░░░░░ names emerging as the ░░░░░░░░ targets for trader s ░░░░░░░░ reddit s Wall Street ░░░░░░░░ page We know all ░░░░░░░░ that and while the ░░░░░░░░ market is searching for ░░░░░░░░ other meme names also ░░░░░░░░ Build a bear remember ░░░░░░░░ workhorse bed bath and ░░░░░░░░ all up in fact ░░░░░░░░ up 17 5 Now ░░░░░░░░ it over to lords ░░░░░░░░ motors also up very ░░░░░░░░ lord s town up ░░░░░░░░ acromoto also up about ░░░░░░░░ Now is a good ░░░░░░░░ to begin our floor ░░░░░░░░ Frank Holmes U S ░░░░░░░░ investor CEO and David ░░░░░░░░ new constructs CEO Gentlemen ░░░░░░░░ you both for being ░░░░░░░░ All right Frank how ░░░░░░░░ the rush to these ░░░░░░░░ and all the volatility ░░░░░░░░ we ve witnessed how ░░░░░░░░ that impact the market ░░░░░░░░ and what would you ░░░░░░░░ to someone that comes ░░░░░░░░ you and says do ░░░░░░░░ know what I kind ░░░░░░░░ like to kind of ░░░░░░░░ in on this action ░░░░░░░░ would you tell them ░░░░░░░░ I ve been very ░░░░░░░░ to be in part ░░░░░░░░ that action as last ░░░░░░░░ etf experienced them coming ░░░░░░░░ the millennials coming in ░░░░░░░░ robinhood and the volume ░░░░░░░░ from 40 000 shares ░░░░░░░░ day to 8 million ░░░░░░░░ blew out all of ░░░░░░░░ airlines and they piled ░░░░░░░░ and made 130 of ░░░░░░░░ money And its gone ░░░░░░░░ 40 million to 4 ░░░░░░░░ and now a tracks ░░░░░░░░ discovery by the millennials ░░░░░░░░ in basically facilitates and ░░░░░░░░ the cougars everything the ░░░░░░░░ animal echosystem goes wild ░░░░░░░░ it so I think ░░░░░░░░ it s important and ░░░░░░░░ we re seeing institutions ░░░░░░░░ major companies are the ░░░░░░░░ look None of this ░░░░░░░░ on fundamentals though right ░░░░░░░░ would you tell someone ░░░░░░░░ came to you and ░░░░░░░░ hey I m kind ░░░░░░░░ tempted to jump in ░░░░░░░░ d say be careful ░░░░░░░░ know look we never ░░░░░░░░ when the music is ░░░░░░░░ to stop and there ░░░░░░░░ just not enough chairs ░░░░░░░░ everyone with respect to ░░░░░░░░ fundamentals I mean these ░░░░░░░░ are trading at levels ░░░░░░░░ are so disconnected that ░░░░░░░░ s why I m ░░░░░░░░ of these meme stock ░░░░░░░░ they make fun of ░░░░░░░░ other they don t ░░░░░░░░ about fundamentals It s ░░░░░░░░ about fundamentals It s ░░░░░░░░ sticking it to the ░░░░░░░░ and I think unfortunately ░░░░░░░░ of these individuals are ░░░░░░░░ to find themselves getting ░░░░░░░░ when these prices fall ░░░░░░░░ down to earth Ashley ░░░░░░░░ right David let me ░░░░░░░░ up with you and ░░░░░░░░ out of the world ░░░░░░░░ meme stocks and I ░░░░░░░░ t know whether you ░░░░░░░░ much to say in ░░░░░░░░ Bitcoin space but I ░░░░░░░░ to ask you the ░░░░░░░░ the Bloom has come ░░░░░░░░ the Bitcoin rose is ░░░░░░░░ I was trying to ░░░░░░░░ What say you Yeah ░░░░░░░░ would agree 100 but ░░░░░░░░ s not a lot ░░░░░░░░ underlying value in Bitcoin ░░░░░░░░ too often like confuse ░░░░░░░░ for blockchain There s ░░░░░░░░ enormous amount of value ░░░░░░░░ blockchain but Bitcoin is ░░░░░░░░ one of many applications ░░░░░░░░ protocols related to blockchain ░░░░░░░░ you want to be ░░░░░░░░ part of the defi ░░░░░░░░ focus on projects and ░░░░░░░░ that really create value ░░░░░░░░ taking cost out of ░░░░░░░░ system Bitcoin is becoming ░░░░░░░░ another gambling tool another ░░░░░░░░ stock so to speak ░░░░░░░░ it s a very ░░░░░░░░ place to play and ░░░░░░░░ ll continue to see ░░░░░░░░ come down especially as ░░░░░░░░ status of this sort ░░░░░░░░ super crypto untouchable currency ░░░░░░░░ to go away right ░░░░░░░░ with the U S ░░░░░░░░ I think hacking a ░░░░░░░░ here recently proves that ░░░░░░░░ it s not as ░░░░░░░░ safe as people like ░░░░░░░░ I think that the ░░░░░░░░ that the hacker community ░░░░░░░░ using Bitcoin to sort ░░░░░░░░ hide the more regulators ░░░░░░░░ for that notion nations ░░░░░░░░ going to come down ░░░░░░░░ it Ashley all right ░░░░░░░░ very quickly What about ░░░░░░░░ I hadn t gotten ░░░░░░░░ inflation but can I ░░░░░░░░ ask you quickly why ░░░░░░░░ the gold trade not ░░░░░░░░ strong as it should ░░░░░░░░ in an inflation environment ░░░░░░░░ because the CPI number ░░░░░░░░ they look at the ░░░░░░░░ number as a factor ░░░░░░░░ that number is way ░░░░░░░░ If you included food ░░░░░░░░ energy inflation is well ░░░░░░░░ 11 12 and there ░░░░░░░░ a huge trade on ░░░░░░░░ 10 year government bond ░░░░░░░░ versus the CPI number ░░░░░░░░ when it comes to ░░░░░░░░ I just attended that ░░░░░░░░ in Miami and it ░░░░░░░░ not at a convention ░░░░░░░░ In the 12 000 ░░░░░░░░ investors paid 600 to ░░░░░░░░ That means lots were ░░░░░░░░ there The other investment ░░░░░░░░ I ve spoken at ░░░░░░░░ get 6 000 people ░░░░░░░░ it s free It ░░░░░░░░ not 600 a ticket ░░░░░░░░ had hedge fund managers ░░░░░░░░ and so there s ░░░░░░░░ that s real that ░░░░░░░░ happening and what Bitcoin ░░░░░░░░ is it validated the ░░░░░░░░ technology In fact blockchain ░░░░░░░░ came before the internet ░░░░░░░░ was created by telecom ░░░░░░░░ and it was really ░░░░░░░░ rationalized this worked because ░░░░░░░░ Bitcoin Bitcoin has declined ░░░░░░░░ on no volume I ░░░░░░░░ the first crypto min ░░░░░░░░ company called hide blockchain ░░░░░░░░ and its come down ░░░░░░░░ trading 8 million shares ░░░░░░░░ day to a million ░░░░░░░░ change and it s ░░░░░░░░ capitulation and not this ░░░░░░░░ and panic Ashley right ░░░░░░░░ well said Frank Holmes ░░░░░░░░ Trainer thank you so ░░░░░░░░ for your insight today ░░░░░░░░ the markets Bitcoin meme ░░░░░░░░ you name