Downtown Josh Brown

Chart back on.

This is the SpaceX IPO.

Talk me out of it.

I can't prove you wrong.

I'm probably wrong because gold also looks pretty bad and silver.

And a lot of the things that people were into all at the same time are all seem to be like losing favor.

And I wish I could tell you there was like some fundamental thing that I knew about.

but Bitcoin in a 50% drawdown with the NASDAQ at all times.

Remember people used to say, oh, it's just one trade and Bitcoin is tech and Bitcoin trades with software.

Well, software bounced hard, bro.

Like cybersecurity software bounced, Oracle bounced.

This went lower.

Yeah, it's a bit spam.

I do think a lot of the gamblers in this shit are people that want to gamble on these IPOs.

I do think that there is something to that, but I don't think that could explain

and a $2 trillion asset class getting cut in half.

I don't, the other thing I read was that all these scams, like Trump crypto stuff, where the Trump fans like got cleaned out, like there's just been negative sentiment on digital currencies and digital assets in general this year.

Saylor selling, Saylor selling.

Saylor, like MicroStrategy blew people up.

I just,