crypt0savage retweeted
Welcome to The ETF Playbook.
Today's guest is @EricBalchunas.
We talk Trump Accounts, tokenized stocks, The Bogle Effect, Digital Credit, GBTC, Trillions, his new book Both Sides Of The Coin, super shares, swap lines, stale NAV, social media vs traditional media, live events and conferences, The Institutional ETF Toolbox and more.
Here's my conversation with Eric.
0:00 - Intro
0:30 - Trump Accounts
10:50 - Eric’s ETF expertise
16:50 - Is everything going to be an ETF?
21:35 - Tokenized stocks?
23:56 - The Bogle Effect
28:11 - Eric’s take on Digital Credit
39:00 - GBTC
43:43 - The value of liquidity for traders
47:45 - ETF launch prices
49:00 - Eric’s podcast “Trillions” and book “Both Sides Of The Coin”
1:05:45 - Super shares
1:07:15 - Swap lines
1:09:57 - ETF expansion
1:12:00 - The NAV is stale
1:19:44 - Social media vs traditional media
1:27:00 - Eric’s take on live events and conferences
1:29:52 - The Institutional ETF Toolbox
1:32:11 - Non Bitcoin token ETF flows
The 1999 One Piece Luffy First Stage #C01 PSA 9 just sold 5 days ago for $18.5k USD, and I’m convinced this card is headed straight into six-figure territory by next year.
With One Piece celebrating its 30th anniversary next year, people aren't going to keep sleeping on this set for much longer.
Do what you will with this information.
crypt0savage retweeted
Before America was pulling Charizard from booster packs, kids were taking him home from KFC.
November 1998.
“Finger Lickin’ Good” met “Gotta Catch ’Em All.”
Hidden inside one of the biggest fast food promotions of the era were some of the earliest English Pokémon cards ever publicly released.
Pokémon was already massive in Japan. America was just meeting Pikachu, Charizard and the original 151.
Nintendo wanted Pokémon in front of American families.
KFC put it on the dinner table.
Nintendo described a $17 million partnership reaching as many as 5,000 restaurants, backed by TV advertising and Game Boy demo displays.
From November 15, 1998 through January 3, 1999, KFC Kids’ Meals offered one of six Pokémon items:
• Ivysaur Squirter
• Pikachu Treasure Keeper
• Pokémon Card Game
• Pokémon Monster Matcher
• Pokémon Puzzle Blocks
• Pokémon Tattoos
But collectors should know the Pokémon Card Game.
Seven Pokémon. 28 cards. Four identical copies of each:
#02 Ivysaur
#06 Charizard
#25 Pikachu
#95 Onix
#123 Scyther
#143 Snorlax
#149 Dragonite
Those are Pokédex numbers, NOT card numbers.
The four copies were intentional.
The original instruction booklet explains this was a matching game for 2 to 4 players. Ask opponents for cards, complete groups of four identical Pokémon and finish with the most sets to win.
Basically Pokémon Go Fish.
These were not Wizards of the Coast TCG cards.
And they were distributed before the English Base Set arrived in January 1999.
That is why the 1998 KFC cards are widely cited among the first publicly available English Pokémon cards.
“Publicly available” matters.
Earlier English test material existed, including the famous Blastoise test prints.
But those were never sitting inside Kids’ Meals at thousands of restaurants across America.
These were.
KFC also ran a separate plush promotion from November 9 through December 20, 1998.
Vulpix, Dratini, Seel and Zubat were made by Applause and sold for $4.99 with any meal, each carrying a circular “Special Edition” tag.
Nearly 28 years later, PSA populations supplied October 6, 2026 show:
Ivysaur: 178 graded / 69 PSA 10
Charizard: 366 / 142
Pikachu: 270 / 127
Onix: 192 / 110
Scyther: 201 / 116
Snorlax: 249 / 129
Dragonite: 234 / 88
Total:
1,690 graded.
781 PSA 10s.
46.2% gem rate.
Ivysaur has the lowest PSA 10 population at 69.
Dragonite is next at 88.
Charizard is the most graded at 366.
PSA population does not equal original rarity. It tells us how many PSA has graded, not how many KFC distributed or how many survive.
But look at the combination:
Early English Pokémon cards.
A documented national KFC promotion.
Charizard and Pikachu before the English TCG exploded.
Original booklets, toys and promotional plush.
And fewer than 1,700 total PSA grading records across all seven designs nearly three decades later.
Before Pokémon cards became a billion dollar hobby, seven of them were sitting next to fried chicken.
A piece of Pokémon’s American beginning was hiding in a KFC Kids’ Meal.
crypt0savage retweeted
NFT bros are advising Pokémon collectors to take profits before the market crashes.
Absolute cinema. 😂
crypt0savage retweeted
To me, there’s nothing more pathetic than seeing a man in the gym changing room after hes had a shower, doing that weird thing where he puts a towel round his waist and puts his boxers on underneath the towel. Just get your cock out bro. Let me look at your cock. I want to see it
crypt0savage retweeted
I think $ansem holders are legally allowed to say the N-word now.
crypt0savage retweeted
a whole country index went 4x in 1 year
intel, a boomer stock that my dad bought and held since 1993 went 4x in the span of 2 months
gold, a 30t monolith went nearly 4x since the 2022 lows
and your assumption is that btc and eth, some of the most reflexive and volatile underlyings since the inception of modern finance, cannot go 4x from here?
crypt0savage retweeted
crypto is 10 years past the gold rush and we’re all still sitting in a river with pans
crypt0savage retweeted
Replying to @Reethmos
@Reethmos and @TrojanOnSolana when you ask when they might do the $Trojan airdrop they promised three years ago teapawt.net/DetectiveSpade_/status…
crypt0savage retweeted
USA. A Mexican restaurant. We had not yet ordered anything, and the food was already arriving.
Chips. Salsa. Unrequested. Free.
I stopped the waiter. "We have not earned these."
"They just come with the table, man."
They come with the TABLE. In my land, hospitality is a debt. Every gift creates an obligation, weighed carefully, returned in the proper season with interest of feeling. Here, the gift arrives before you have even proven you can pay for dinner.
This is not an appetizer. This is a declaration: we trust you. Eat.
I ate with the gravity the moment deserved. And then — I must report this calmly — the basket emptied, and a new one appeared.
"Did we…?"
"Refill," the waiter said. "It's bottomless."
Bottomless. They have wells of salsa. The supply lines of this nation are beyond anything my ancestors imagined.
My friend warned me. "Don't fill up on chips, dude."
Too late. I had accepted three baskets. Honor demanded each one be finished — an unfinished gift is an insult. By the time my actual food arrived, I was a ruined man.
I was not hungry. I was not comfortable. I had been defeated by a courtesy.
Generosity that arrives before the request cannot be repaid. It can only be survived.
I know the rule now. I have made my peace with the basket. One basket. Two at the most.
Who am I deceiving. There is no number of baskets I would refuse. The trust of a nation is in that salsa, and I intend to honor all of it.
🤖 Made with AI
crypt0savage retweeted
I'm also sour on Kalshi since their nonsense with Antonio Brown & co. People remember this stuff binance.com/en/square/post/1…
crypt0savage retweeted
$AMZN Reiterated Buy at Stifel: 'The One to Own This Year'
In eCommerce/Marketplaces, we believe AMZN is the one to own this year. This has little to do with the core eCommerce business, rather, we’re inclined to believe AWS will show better growth in ’26 as more capacity comes online, and we ponder the potential positive impact custom silicon may have on the stock (perhaps similar to the optimism exhibited with GOOGL in late ’25). We are also positive on Amazon’s advertising business, even if we don’t believe the Amazon DSP is a tangible threat to TTD over the long run – we expect Prime Video will continue to capitalize on the shift from linear TV advertising to digital, particularly as those ad units become more performant (see Pinterest acquisition of tvScientific at the end of last year), and we remain optimistic on the company’s Retail Media offering in the near-term despite an unclear future for the channel over the long-run as consumer-facing agents pick up steam.
crypt0savage retweeted
Bitcoin went from 15k to 125k and people are still waiting for the bull market to start. Cope harder.






























