黄仁勋辞职引市值蒸发万亿，加密市场测试牛市成色

Bankless Nation, we're in the second week of November and we are once again testing whether or not this bull [music] market is intact or not. Bitcoin lost the 50we moving average. It's now right in between the 50we and the 200week moving average. Were the cycle investors predicting the early bull market wrong? Where are we headed next? And also Ryan, I've got questions about Jensen Hang. Jensen Hang has resigned from Nvidia. a trillion dollars of Nvidia value just gone in a month.

We've got the Nvidia earnings coming down in 5 days. And I've got questions. I know that you know that my conspiracy cap can fit really nicely on my head and when the time calls, when the moment calls for it, it's on. The the cap is on this week. I've got conspiracies,

guys. David absolutely had to start the agenda with Jensen Huang. So, we're doing that for David. Okay. is going on.

I know it's big news, but you know, he's got a lot of questions, so I want to hear him out on these conspiracy theories. Also, I have some great news for you, David. ETH is finally money because Vitalic said it this week

for the first time, very concretely. I'll play the clip and we'll talk a little bit about that. Also, want to talk about Phillax. So, this is an Ethereum app layer security startup and they've launched something really innovative that might be able to stop Kim Jong-un for stealing all of our crypto on Ethereum. At least that's the hope. It's a pretty innovative solution. The question though is how does it impact Ethereum's immutability?

Do we lose the censorship resistance? It's kind of a nuanced answer and I can't wait to discuss that with you. But let's first start with your stuff. Okay, Jensen.

My stuff. Yeah, this is an AI podcast now. [laughter] Okay. So, after two extrammarital affairs, is it expected that the CEO of a company of like the world's most important company in this moment resigns? I say no. Uh, so regardless that one of these affairs was potentially with a Chinese intelligence asset like very important, very important.

Do you hear yourself talking there? Okay. Chinese intelligence asset. It feels like that could be

according to whom who is saying that she is a Chinese intelligence asset because I would like further evidence that that is also exactly what's going on and the market was absorbing that news like that was bearish but we were getting over it and then the second extrammarital affair with one of his employees a VP of healthcare who like as far like no one was this was an of age consensual relationship between cons two consenting adults Like are you justifying affairs now, David?

Is that whose side you're on? You're on the side of the cheating spouse.

Whether or not an affair is [laughter] justified is between him and his wife and not the market or the government. But after

But if he's if he's having an affair with a Chinese spy, that's kind of a government issue, right? With

that. Yes, that is. But it's not like he was like, "Let me go court this Chinese spy." It's like there's this babe who's into me. And like all men are fallible on that front details. But I want to hear you out. So, but what happened was Jensen Wong resigned as uh Nvidia CEO. He was pushed out by the board as a result of these two extrammarital affairs and that was news as of this morning. Nvidia is down 17% on the week.

Is that real? And 27% in November. Are these the real numbers?

We've lost Nvidia has lost about a trillion dollars of market cap from peak to trough. uh and just like how much is riding on Nvidia both in just a how much percentage of it it represents of uh the S&P but then also like all of the downstream implications of the entire AI industry. Like if you want to go for the Achilles heel of the growth of the United States, it's Nvidia.

Yeah. It's been called AI central bank, right, for a reason. It's it's fueling all the capex. It's all of the supply. It's like so important. and Jensen has been probably the most important person in AI over the past couple of years. Probably bar none. It's not even close. He also always struck me as sort of a sort of um a steady hand, right? He was never uh hyperbolic. Well, I guess he was, you know, very optimistic on things, but he was just a steady hand in operating Nvidia.

He's been there for what, like 30 years, like

long-standing engineer, good good leader, it seemed like. So what is your what is your conspiracy theory here? If if you don't think he was was fired for reasons that the board explained that these two extrammarital affairs, what's the alternative explanation here?

The the collection of things is really what I'm concerned about. There's a potential bunch of conspiracies and I'm sure all of them are mostly false and all of them also equally have at least some kernels of truth to them. We're going to have to wait for all of the information to really come out. But my main conspiracy is that we do not know the actual real reason because I'm throwing a flag at the idea that sex between consenting adults therefore concludes at the removal of the most important CEO of the most important company in the S&P 500.

And so that that's my first flag. The second flag that I don't like is why The Economist, which broke the news that Jensen Hang also had an extrammarital affair with an internal VP and therefore should be removed from his CEO position. The Economist broke this news with an article that said Jensen Huang must go with the subtitle his should not be the only head to roll. So why are we already at [laughter] the conclusion of heads rolling? like why is the economist publishing a guilty verdict as they break the news of the second er marital affair?

And then I go and I listen to all these podcasts, one from uh the Atlantic, one from the New York Times, the Daily, one from the BBC, all very left-leaning media organizations, and not a single one of those podcasts ever asks the question about why extrammarital affairs concludes at a resignation. Like there was a big leap in logic I felt like where it was like okay so like he had two of these affairs and now we have to remove him.

Like I'm not ready to make that conclusion. There seems to be a big gaping hole in the logical process of this whole thing.

But isn't it just an explanation for this that all of these entities the the Economist Atlantic New York Times the BBC they're in media and they've been sort of anti- tech oligarchs anti- AI from the very beginning. And so this is some rising star that is falling and they're celebrating that and they're, you know, you know, they're they're they're wanting that to happen. They just kind of hate Jensen, Nvidia, AI, and all of these things.

So it's not no surprise to me that they'd be rooting for the downfall and not questioning these things in the way you'd expect them to question it. I the fact that the hole is the same size in the same place across these three organizations is concern like not we didn't we didn't ask like is this does the punishment fit the crime like not we didn't ask that question like one time across all of three of these things and so this is why I would like to go down the conspiracy theory

route I want to hear the conspiracies what what what do you think the real reason is here

Jensen Hang is uniquely a big fan of open-source AI models these are the models that democrat ize power of AI to the rest of the world to everyone else. So all of these closed source models from open AI and anthropic and all the AI labs that are hidden behind the walls that are only available to you know the government elite or the inner elite tech circles. Jensen Hong was like, "No, no, no. Like open source models is actually like the way to go and that's the way that power gets pushed to the margins, you know, that's good for the people of the world and it shifts power and spreads it out more democratically in my opinion."

Uh, and so that's offensive to the powers that