307: [Dr. Hans Boateng] What You Should Know About Crypto, Inflation and Recession (2025 edition)

Speaker A: 00:00:16

The wallet's missing from the floor it's got my secrets, nothing more I checked the drawers, I checked the spikes Left me hanging in my legs Last night we tore up the town now my wallet's not around Call the cops or play it smooth Pay my debts and start anew hey.

Speaker B: 00:00:38

Hey.

Speaker B: 00:00:39

Where'd it go?

Speaker A: 00:00:41

My cash, my car is my flow don't you know what's gone?

Speaker A: 00:00:50

Now I'm broke from dusk till dawn Dancing lights and screaming base Drinks were flowing in that place Left the tip but lost my grip now my wallet's gonna slip.

Speaker B: 00:01:14

In a world where financial advice is as blurry as a wild night of cheap jello shots, clear your head and your monetary halitosis with the about that Wallet show, hosted by Anthony Weaver.

Speaker B: 00:01:28

Leave those jello shots for the amateurs and and learn to indulge in the top shelf bottles, baby.

Speaker B: 00:01:34

Now here's your host, Anthony Weaver.

Speaker A: 00:01:40

What up, what up, what up, everybody?

Speaker A: 00:01:41

Hopefully y' all are having a wonderful Friday eve.

Speaker A: 00:01:44

Welcome back to another exciting show, the about that Wallet podcast, where we help the savage generation build strong financial habits so that they can talk about money, spend money, and enjoy their money with confidence.

Speaker A: 00:01:55

Today I have an awesome guest who's been on the show, I'll say almost two years ago now, and was able to predict the price of bitcoin.

Speaker A: 00:02:05

Has always been talking about crypto, why you need to have crypto in your life, why you need to invest and actually take yourself to that next level.

Speaker A: 00:02:14

Without further ado, welcome to the stage, Dr. Hines.

Speaker A: 00:02:17

But how you doing today?

Speaker B: 00:02:20

Very well, Anthony.

Speaker B: 00:02:21

How are you?

Speaker A: 00:02:22

I'm doing fantastic, man.

Speaker A: 00:02:24

It's been a wild ride.

Speaker A: 00:02:27

It's great to see you.

Speaker A: 00:02:28

I mean, I see you've been doing your thing for so long.

Speaker A: 00:02:30

So what's been going on lately?

Speaker B: 00:02:33

Oh, man, so much.

Speaker B: 00:02:35

This year has been quite hectic.

Speaker B: 00:02:38

The year started off with having to follow kind of all of the changes happening.

Speaker B: 00:02:44

And I often say in the first five months of the year, I worked harder than the past, like, five years.

Speaker B: 00:02:54

And I'm sure people listening to us can.

Speaker B: 00:02:58

Can empathize because of the level of change that we've seen so far.

Speaker B: 00:03:05

But yes, whenever, you know, regardless of what's going on in the world, there is always an opportunity for individuals who have access to the right information.

Speaker B: 00:03:18

I feel like we are at that point and so many individuals in our community, you know, immigrants, minorities, or individuals who weren't born into rich and wealthy households, I feel like they are going to miss a once in a lifetime opportunity as it relates to digital assets.

Speaker B: 00:03:39

That is why I have this level of passion and conviction.

Speaker B: 00:03:43

And in all honesty, that's why I've committed my life to making sure that we do not miss this boat or if I should say, this rocket ship.

Speaker A: 00:03:53

It's been going to the moon lately.

Speaker A: 00:03:58

So.

Speaker A: 00:03:59

So one of the things is that this is obviously a commodity space.

Speaker A: 00:04:02

We talked heavy about crypto last time about, like, what it's about, how you get into it and so forth.

Speaker A: 00:04:08

There's a lot of them out there.

Speaker A: 00:04:10

Can you at least bring up about some of the.

Speaker A: 00:04:13

The ones that's been striking to you to see has been taken off since the last time we spoke?

Speaker B: 00:04:21

Yeah.

Speaker B: 00:04:21

So obviously, let me take a step back and share this.

Speaker B: 00:04:27

Last night I saw this random post and I was watching and it was two females, they don't know much about investing finance.

Speaker B: 00:04:40

And one of them was telling the other that I put about 1.5 million into XRP and if XRP reaches $10, she's going to retire.

Speaker B: 00:04:52

And then the other girl was like, so doesn't mean I should put my money in xrp.

Speaker B: 00:04:56

And I was just listening.

Speaker B: 00:04:58

I was like, wow, this is fascinating.

Speaker B: 00:05:00

You can tell they don't really even understand what they've purchased, but it's just this concept of the number is going to go up and I'm going to be rich.

Speaker B: 00:05:08

There are so many crypto assets out there for individuals listening.

Speaker B: 00:05:12

And obviously during the course of this interview, I'll be able to dive into kind of specifics.

Speaker B: 00:05:19

But what most people need to understand is that bitcoin is the OG, right?

Speaker B: 00:05:26

Think of bitcoin like the S&P 500 of crypto.

Speaker B: 00:05:29

Okay?

Speaker B: 00:05:30

If you want the relatively robust, relatively safe crypto asset and you don't want to take too much risk, that is Bitcoin.

Speaker B: 00:05:43

When you move beyond bitcoin, any other crypto asset, any other blockchain, think of it as picking individual stocks.

Speaker B: 00:05:55

So almost like picking an Apple or an Amazon or a Google, right?

Speaker B: 00:05:59

You are trying to say, I believe this in quotes.

Speaker B: 00:06:03

It's not a company, but you know, this company, this crypto assets is going to do better in the future.

Speaker B: 00:06:12

So right now there are millions of crypto assets.

Speaker B: 00:06:17

For individuals listening, I'll say the best way to approach it is to try and stay within the first.

Speaker B: 00:06:27

Let's call it the top 20 crypto assets.

Speaker B: 00:06:30

There are many of them, right?

Speaker B: 00:06:32

I'm just going to mention a couple of them just off the top of my head.

Speaker B: 00:06:35

Bitcoin, Ethereum, Solana, xrp, Dogecoin, ada, there's hbar, there is chainlink.

Speaker B: 00:06:46

You know, I mean, I could keep going on and on the way to determine which crypto asset should I potentially consider.

Speaker B: 00:06:59

Well, before, in my opinion, before individuals even begin considering other crypto assets, they need to have their baseline or their foundation.

Speaker B: 00:07:07

Right.

Speaker B: 00:07:08

Which obviously is Bitcoin.

Speaker B: 00:07:10

Now once that individual has Bitcoin, then you move beyond it.

Speaker B: 00:07:14

I guess the question someone might ask is, okay, let's say I want to allocate a hundred dollars to crypto assets or I want to allocate a thousand dollars.

Speaker B: 00:07:25

Right.

Speaker B: 00:07:26

Whatever the amount is, think about it from a percentage standpoint, I would say give and take.

Speaker B: 00:07:34

60 to 80% of it should be focused on Bitcoin.

Speaker B: 00:07:42

Yes, 60 to 80% are focused on Bitcoin.

Speaker B: 00:07:46

Now when an individual moves from Bitcoin, now we go to, let's maybe Ethereum Solana.

Speaker B: 00:07:54

That's the second stage.

Speaker B: 00:07:55

Okay, so Ethereum Solana, that's why an individual can say, okay, maybe I'm going to get at 30% exposure.

Speaker B: 00:08:03

So if they were 60%, you add 30 to it.

Speaker B: 00:08:05

So it brings you up to 90.

Speaker B: 00:08:07

Right.

Speaker B: 00:08:07

But if you were 80%, then you add 10%, either Ethereum or Solana to bring you to 90.

Speaker B: 00:08:15

Then the remaining 10%, in all honesty, doesn't matter what you buy because it's not going to make that much of a difference.

Speaker B: 00:08:21

But yes, you can then sprinkle whatever is on your heart, maybe a little bit of Doge or some chainlink or you know, fill in the blank H bar.

Speaker B: 00:08:34

There's just so many others.

Speaker B: 00:08:38

For individuals to be able to at least have a general idea of is this crypto asset good or not?

Speaker B: 00:08:46

There are two things that they need to keep in mind.

Speaker B: 00:08:48

The first is how much demand attention does this particular crypto asset have?

Speaker B: 00:08:55

Okay, because the level of demand is going to bring in buyers for that crypto asset and the more people who are buying.

Speaker B: 00:09:04

Whenever you have a crypto asset that has more buyers than sellers, it's going to drive price.

Speaker B: 00:09:10

It's no different from stocks, it's no different from real estate.

Speaker B: 00:09:15

It's no different from gold or any asset.

Speaker B: 00:09:18

When you have more individuals willing to buy than you have people who are willing to sell, the price is going to move up.

Speaker B: 00:09:27

So pay attention to the level of demand that's out there.

Speaker B: 00:09:30

You know, I often used to overlook XRP as someone who really understands their space.

Speaker B: 00:09:35

I'm thinking to myself, why would I buy XRP in the beginning?

Speaker B: 00:09:39

Yeah, with XRP as a token, it Was, let's call it a company, created it.

Speaker B: 00:09:45

The name of the company is Ripple.

Speaker B: 00:09:47

So they created this XRP out of thin air and then they distributed it to individuals who were buying the token.

Speaker B: 00:09:57

So then the company just gets to keep the money to themselves.

Speaker B: 00:10:02

Right.

Speaker B: 00:10:03

So I believe the company holds like 50 to 60% of all XRP.

Speaker B: 00:10:09

That's a boatload of money that this company just literally printed out of thin air.

Speaker B: 00:10:15

Am I going to buy this thing, hoping to pass it to multiple generations?

Speaker B: 00:10:21

No.

Speaker B: 00:10:22

The difference between Bitcoin, which.

Speaker B: 00:10:27

The anonymous person who created bitcoin, we know that individual did it because the person wanted to help.

Speaker B: 00:10:35

The person was looking at the financial system they felt like, and we don't know if it was an individual person or a group of people, they felt like.

Speaker B: 00:10:42

This system is unfair to everyone because you cannot see what's happening.

Speaker B: 00:10:49

It's opaque.

Speaker B: 00:10:51

The rich and wealthy are benefiting.

Speaker B: 00:10:53

They're able to strike deals, be able to invest in startups very early, ride all of the growth.

Speaker B: 00:11:03

Eventually that startup lists on the stock market, making rich people even more wealthy.

Speaker B: 00:11:09

And then after it's on the stock market, you know, us regular folk, we can come in and.

Speaker B: 00:11:16

And then what?

Speaker B: 00:11:17

Buy now that it's on the stock market.

Speaker B: 00:11:21

And whenever the rich and wealthy, they take on excessive risk and it's threatening to the financial system, what happens?

Speaker B: 00:11:29

The government comes in, signs a bailout package, sort them all out, you know, no one gets into trouble.

Speaker B: 00:11:38

And then the show continues.

Speaker B: 00:11:40

So the creator of bitcoins said, you know what, this is wrong.

Speaker B: 00:11:45

We need an alternative financial system, financial assets that treats everyone the same.

Speaker B: 00:11:55

Yeah, everyone is on the same level.

Speaker B: 00:11:59

There's nothing that can be hidden.

Speaker B: 00:12:01

It's, you know, it's transparent.

Speaker B: 00:12:04

So this person created it and when they created it, they didn't even get to say, oh, I'm going to keep the tokens to myself.

Speaker B: 00:12:12

No.

Speaker B: 00:12:12

It was structured in a way where a certain number of tokens is released into the world and anyone has the ability to buy it.

Speaker B: 00:12:22

So from the scratch, Bitcoin was a genuine fair asset class, if you will, or crypto assets.

Speaker B: 00:12:33

It's just fair.

Speaker B: 00:12:34

From the, from the get go, no one was profiting from the creation of Bitcoin.

Speaker B: 00:12:40

That is what sets Bitcoin apart from every other crypto assets.

Speaker B: 00:12:45

Right.

Speaker B: 00:12:46

So Ethereum, Solana, xrp, you know, Dogecoin, you, you can trace it back to a human being who created it, often with a profit motive.

Speaker B: 00:12:59

And there's nothing wrong with having a profit motive.

Speaker B: 00:13:02

Right.

Speaker B: 00:13:02

I run a business the investing tutor.

Speaker B: 00:13:04

When individuals, you know, purchase access to my community or my educational content, you know, I earn, I earn money.

Speaker B: 00:13:13

So there's nothing wrong with the profit motive.

Speaker B: 00:13:16

However, in my opinion, when it's excessive or, you know, when comparing it with Bitcoin, you see that Bitcoin is just completely different.

Speaker B: 00:13:25

So I'll just pause there.

Speaker B: 00:13:27

Well, I gave you one factor to look for, right?

Speaker B: 00:13:30

So it's demand.

Speaker B: 00:13:32

The second factor is scarcity.

Speaker B: 00:13:36

Is there a limited quantity of this token?

Speaker B: 00:13:41

Right.

Speaker B: 00:13:41

Because if you have demand, meaning a lot of people wanting to buy something and there's a limited quantity of it, the only direction for price is up.

Speaker B: 00:13:51

You see, that is what makes Bitcoin.

Speaker B: 00:13:53

And I'm not saying bitcoin is the only scarce crypto assets.

Speaker B: 00:13:59

No, I. XRP has a limited quantity.

Speaker B: 00:14:04

Ethereum is deflationary.

Speaker B: 00:14:06

So the more people who use the network, it actually reduces the supply of Ethereum.

Speaker A: 00:14:12

Interesting.

Speaker B: 00:14:12

Yes.

Speaker B: 00:14:13

In, out there.

Speaker B: 00:14:16

So each one has its own advantages, if you will.

Speaker B: 00:14:21

So those are the two things that I would say pay attention to.

Speaker B: 00:14:24

One is, what's the level of demand out there?

Speaker B: 00:14:27

So when I saw that video of, you know, two females and one saying, I put 1.5 million and it's just trending on TikTok, I was like, okay, let's assume someone doesn't know anything about investing.

Speaker B: 00:14:38

Yeah, pull up Robinhood or they pull up Coinbase or they pull up any crypto exchange, they look at the price of Bitcoin, $111,000, right?

Speaker B: 00:14:50

And maybe they look at the price of XRP, $4 or $3.

Speaker B: 00:14:55

I honestly don't even know what the price is right now.

Speaker A: 00:14:59

That's okay.

Speaker B: 00:14:59

So assets I pay attention to, even though now I'm beginning to say, hey, maybe I need to give it a little bit of respect.

Speaker B: 00:15:06

Right?

Speaker B: 00:15:06

So for individuals listening who maybe perhaps they have xrp, there's nothing wrong with, with having it because even this year, XRP is up about 300 to 400%.

Speaker A: 00:15:18

What?

Speaker B: 00:15:19

Yes.

Speaker B: 00:15:19

Yes.

Speaker B: 00:15:20

Wow.

Speaker B: 00:15:21

Right?

Speaker B: 00:15:22

Bitcoin is up, give and take, about 25%.

Speaker B: 00:15:27

Yes.

Speaker B: 00:15:28

So, I mean, that's pretty impressive.

Speaker A: 00:15:31

Yeah.

Speaker A: 00:15:34

Where's that?

Speaker A: 00:15:35

And one of the things is that because I always get my little reminder here for my station breaks because we can keep running.

Speaker A: 00:15:42

I do want to take a moment.

Speaker A: 00:15:43

Thank you everybody who's here right now.

Speaker A: 00:15:47

Dr. Hans is here because we talked about this maybe two years ago and we had such a great time during the lives that, you know, he wanted to come back and share some more information.

Speaker A: 00:15:57

It's been Great.

Speaker A: 00:15:58

So one of the things is that coming through, if you guys are just here, just going to say hi and chat, we're going to say hi to the people that are here, who I told everybody, if you can't make it, leave a message in the chat.

Speaker A: 00:16:10

So thank you, Virgil, for leaving some questions.

Speaker A: 00:16:14

We're going to get to those a little later.

Speaker A: 00:16:15

Hey, Lisa J.

Speaker A: 00:16:17

Stocks, awesome channel.

Speaker A: 00:16:18

If you haven't got a chance to check it out, what's going on, Roderick?

Speaker A: 00:16:22

And let's see who we got.

Speaker A: 00:16:24

Pastor Chris, what's going on?

Speaker A: 00:16:27

Tina, thank y' all for coming through and continue on having the chats in the background.

Speaker A: 00:16:32

Leave some questions because we want to make sure we get to those.

Speaker A: 00:16:35

Leave some time for that.

Speaker A: 00:16:36

Now, one of the things that you mentioned earlier was talking about the different administration, when the shift of administrations that come through, how does that actually impact crypto as we go forward?

Speaker B: 00:16:51

Yeah, that's a, a great question.

Speaker B: 00:16:53

Right.

Speaker B: 00:16:53

It's no surprise that this current administration is very pro crypto.

Speaker B: 00:16:59

So individuals who, you know, might not necessarily agree with many of the policies or the stance of this administration, they'll be looking at them saying, you know what, I'm not going to buy that crypto thing because they are going to affiliate crypto with the administration, which would be a very wrong move to make because obviously at the beginning of the of this interview, I shared how bitcoin was created in a way that was meant to do good for the world.

Speaker B: 00:17:30

Right.

Speaker B: 00:17:31

And regardless of whoever is in power and regardless of their country, Bitcoin is going to continue to issue more blocks, continue to verify transactions, and continue to increase in value regardless of who is president across any country.

Speaker B: 00:17:54

Right.

Speaker B: 00:17:55

It's unstoppable.

Speaker B: 00:17:56

That's the best way to put it.

Speaker B: 00:17:57

So with that being said, I want individuals who are listening, regardless of their political stance, to be curious about this new asset class.

Speaker B: 00:18:09

I like to say when you look at wealth, majority of wealth was first made in physical assets like gold, real estate, and then it transitioned to stocks.

Speaker B: 00:18:27

s or early: 2000

Speaker B: 00:18:48

So many of us missed the opportunity to get exposure.

Speaker B: 00:18:54

This time with an asset that is universally available globally to anyone on earth with an Internet connection, I think it's huge.

Speaker B: 00:19:08

So we went from physical assets to stocks, and now we're Going from stocks to digital assets.

Speaker B: 00:19:16

It is one of the biggest innovations and transformations I've ever witnessed in my life.

Speaker B: 00:19:24

Let me put some context around it.

Speaker B: 00:19:28

This new digital asset ecosystem, or this new crypto ecosystem or these new blockchains will power everything to power stocks, bonds, even.

Speaker B: 00:19:43

Today the US government announced that moving forward, literally today, individuals can go search this after moving forward when they are releasing GDP data, so data about the US economy and things like that, they are going to issue that on the blockchain.

Speaker B: 00:20:03

Wow.

Speaker B: 00:20:03

Yes.

Speaker A: 00:20:04

Okay, I'm going to take that out.

Speaker B: 00:20:05

Yes, you should.

Speaker A: 00:20:06

That's very cool.

Speaker B: 00:20:07

It's an example of everything that we see in our world right now can be tokenized, meaning that it is going to be powered by the blockchain.

Speaker B: 00:20:17

Why should the things that we see.

Speaker B: 00:20:21

Maybe you take your card from your wallet and you go and pay for a transaction.

Speaker B: 00:20:26

When you swipe that card, it has to go to Visa.

Speaker B: 00:20:30

Then Visa has to check whether your bank account has the money.

Speaker B: 00:20:34

Then the bank will go back and tell Visa, oh, this person has the money.

Speaker B: 00:20:37

And then Visa.

Speaker B: 00:20:38

It's too complicated.

Speaker A: 00:20:41

This is true.

Speaker B: 00:20:42

It's too complicated.

Speaker B: 00:20:43

Right?

Speaker B: 00:20:45

With the blockchain, it's instant.

Speaker B: 00:20:47

In.

Speaker B: 00:20:48

In like 0.1, in like 0.1 second or 1 millisecond.

Speaker A: 00:20:55

Wow.

Speaker B: 00:20:55

A person pays for something, the money is taken instantly.

Speaker B: 00:20:59

We know whether you have the money or not, the store instantly gets the money.

Speaker B: 00:21:04

They don't have to wait for one month for Walmart or Amazon to send them.

Speaker B: 00:21:08

None of that.

Speaker B: 00:21:09

It's instant.

Speaker B: 00:21:11

That means you are clearing all of the middlemen and all of the middle women.

Speaker B: 00:21:15

And it's just direct transactions.

Speaker B: 00:21:17

It's infinitely better than the current system that we have.

Speaker B: 00:21:23

Why should the stock market trade from 9:30 to 4:00pm every single day?

Speaker B: 00:21:28

Why?

Speaker B: 00:21:29

Because we have archaic systems.

Speaker B: 00:21:32

Once it moves on to the blockchain, once it's tokenized, it's going to trade 24 Monday to Sunday, the same way bitcoin trades.

Speaker B: 00:21:40

Right.

Speaker B: 00:21:41

So it's just clear to me that we are going to move this entire world onto the blockchain, which is why I say is a tremendous opportunity because Satoshi created bitcoin.

Speaker B: 00:21:54

In all honesty, I believe that Satoshi felt like, you know what?

Speaker B: 00:21:57

A certain group of people have been disadvantaged.

Speaker B: 00:22:00

The rich and wealthy have accumulated all of.

Speaker B: 00:22:02

All of the assets.

Speaker B: 00:22:03

So if there was a way to redistribute wealth, right?

Speaker B: 00:22:08

If there was a way to redistribute wealth, how do you do it?

Speaker B: 00:22:11

You restart it.

Speaker B: 00:22:13

How do you restart it?

Speaker B: 00:22:14

You.

Speaker B: 00:22:15

You Take it from physical to digital.

Speaker B: 00:22:17

So the individuals who own the right digital assets early will be beneficiaries of that wealth transfer that's happening.

Speaker A: 00:22:27

Is it almost like how when look at the commodities that were back then far as gold and silver in the countries that actually held onto it was like, okay, well, we got this rock was just metal alloy just sitting there.

Speaker A: 00:22:40

We don't really need it, we have it.

Speaker A: 00:22:43

But now all of a sudden, the world wants it.

Speaker A: 00:22:45

And now all of a sudden it seems like, oh, now we're rich just out the blue because everybody want to change the way that we do business.

Speaker A: 00:22:53

So what we saying now is that, okay, so some of the people who invested early on was like, all right, we were just doing this for fun.

Speaker A: 00:23:00

Like, the guy who purchased.

Speaker A: 00:23:02

Was it Domino's pizza with bitcoin for the first time, I think he spent what, like, yeah, ridiculous.

Speaker A: 00:23:09

And then all of a sudden, he got his pizza, and everybody thought it was crazy.

Speaker A: 00:23:12

Like, what is this thing?

Speaker A: 00:23:13

Now all of a sudden it's like, you know, he's crazy now for spending that amount.

Speaker A: 00:23:19

But at the time, it was useless because nobody really saw the value in it.

Speaker A: 00:23:24

So now everybody's starting to see the value.

Speaker A: 00:23:26

Okay, let's try to get into it.

Speaker A: 00:23:28

So there was a question that just popped up, which makes sense.

Speaker A: 00:23:32

Perfect timing for this question.

Speaker A: 00:23:35

This is coming from Melinda, which says, you know, pretend I know nothing.

Speaker A: 00:23:41

What is the blockchain?

Speaker B: 00:23:44

So the whole concept of blockchain is because of bitcoin, right?

Speaker B: 00:23:49

Bitcoin pretty much invented the idea of blockchains.

Speaker B: 00:23:54

So let's take those two words, block and chain, right?

Speaker B: 00:23:58

A block is just think of it as an Excel sheet of transactions.

Speaker B: 00:24:05

So one person sends an amount of money to a wallet.

Speaker B: 00:24:10

So your wallet is going to have a certain identification number, and another wallet is going to have an identification number.

Speaker B: 00:24:18

So one wallet sends money to another wallet.

Speaker B: 00:24:21

So a transaction happens the way that they.

Speaker B: 00:24:25

And before I explain blockchain, I just want to give individuals a general idea of what's going on.

Speaker B: 00:24:30

So every 10 minutes, the Bitcoin blockchain puts together all the transactions that happen between one wallet to another, right?

Speaker B: 00:24:41

And then it puts it together in a block.

Speaker B: 00:24:45

So it's like a block of transactions.

Speaker B: 00:24:47

Then those transactions are verified.

Speaker B: 00:24:51

And you might be wondering, who are the people verifying their transactions.

Speaker B: 00:24:54

Anyone can verify a transaction.

Speaker B: 00:24:57

You just need to have the right computing power and the right systems to be able to verify the transaction.

Speaker B: 00:25:04

That's also what makes bitcoin unique, because there isn't A company somewhere that is powering this network.

Speaker B: 00:25:10

Anyone can power the network.

Speaker B: 00:25:15

Block is just series of transactions that's happened over a span of time.

Speaker B: 00:25:19

Typically it's about 10 minutes when those transactions are verified.

Speaker B: 00:25:26

Right.

Speaker B: 00:25:26

They can never be changed.

Speaker B: 00:25:29

You cannot say, I, I didn't send the money to that wallet.

Speaker B: 00:25:32

Well, you click send.

Speaker B: 00:25:34

Yeah, and it's encoded on the blockchain.

Speaker B: 00:25:36

You cannot reverse it.

Speaker B: 00:25:38

Right.

Speaker B: 00:25:38

So when the transactions are verified, that's one block.

Speaker B: 00:25:42

And then it chains it or links it to another block which then starts, okay, the next 10 minutes, the transactions that happened, this person is sending money to this person, or this person is sending an NFT to that person, or this person just purchased the car.

Speaker B: 00:26:03

So now there's a verifiable digital proof that they purchased the car.

Speaker B: 00:26:08

So they are the owner of the car.

Speaker B: 00:26:09

Oh, this person just purchased the house.

Speaker B: 00:26:12

All of what I'm saying is not necessarily happening at scale now, but it's going to.

Speaker B: 00:26:17

And all of those transactions that are in a block, they are transparent and available to, for anyone to see.

Speaker B: 00:26:25

So blockchain block of transactions linked to whatever the new one is.

Speaker B: 00:26:32

So why is it a blockchain?

Speaker B: 00:26:34

It means that there's a history of every single transaction that's happened from the onset of that in quotes, crypto assets all the way into the future, that those chains of transactions are blockchains.

Speaker B: 00:26:51

It's just pretty much a ledger to be able to verify that a transaction happened between two wallets.

Speaker A: 00:26:59

Perfect.

Speaker A: 00:27:00

Because I mean, that kind of sets the baseline for all of this whole conversation, I mean, this whole conversation around it.

Speaker A: 00:27:09

So, you know, when it comes to understanding, okay, this is the future that we're living in today, a lot of other countries are already using it.

Speaker A: 00:27:19

There's whole documentaries that are about this process in this particular, you know, different, obviously different currencies for those particular countries.

Speaker A: 00:27:31

You mentioned that Bitcoin is the og.

Speaker B: 00:27:35

Yes.

Speaker A: 00:27:37

Is there any reason why we can't create our own crypto for our own business?

Speaker A: 00:27:44

Saying like, hey, you know, from friends or whatever, like, hey, we have a cool club or whatever, like say the wallet, like, this is about that wallet.

Speaker A: 00:27:51

I can make my own ATW coin.

Speaker A: 00:27:54

And saying like, hey, anybody that's want to be part of my net that want to exchange with me, only exchange in ATW coin, this is the price for it and I'm accepting this coin.

Speaker B: 00:28:05

Yeah, I can do that.

Speaker B: 00:28:06

You can 100% do that.

Speaker B: 00:28:08

But we're waiting for regulation to legally be allowed to do that.

Speaker B: 00:28:15

So let me take you back the prior administration was a bit hesitant with crypto.

Speaker B: 00:28:25

Let me explain why.

Speaker B: 00:28:27

In the beginning they were close to Sam Bankman Fried.

Speaker B: 00:28:35

For people who don't know, the gentleman was the founder of ftx.

Speaker B: 00:28:40

Well, FTX ended up blowing up and it became a huge ordeal.

Speaker B: 00:28:45

We went into like this two year bear market where crypto prices dropped like significantly.

Speaker B: 00:28:53

So the prior administration, they were looking to legalize crypto, but they were leaning more.

Speaker B: 00:29:01

Right.

Speaker B: 00:29:01

And I'm just sharing this as my opinion.

Speaker B: 00:29:03

From what I saw in the space, individuals can go and do their own research to verify.

Speaker B: 00:29:09

So they were leaning more towards Sam Bankman Fried to see what they could do to legalize crypto.

Speaker B: 00:29:14

And then all of a sudden FTX blew up and it was like, we need to distance ourselves from this guy and this industry.

Speaker B: 00:29:23

Right.

Speaker B: 00:29:23

We were trying to give them an opportunity.

Speaker B: 00:29:26

It's just unfortunate that they didn't go.

Speaker B: 00:29:28

And when I say day, I'm talking about the PR administration.

Speaker B: 00:29:31

They didn't link up with the legit players in the space Coinbase, Brian Armstrong, Jack Dorsey Square, Michael Sailor strategy.

Speaker B: 00:29:44

Like there are legitimate pioneers that were there.

Speaker B: 00:29:50

All of a sudden they chose to align themselves somewhat with, you know, Sam Bankman Freed, and we know what happened.

Speaker B: 00:29:57

So when that happened, they just changed their posture.

Speaker B: 00:30:00

They're like, you know what?

Speaker B: 00:30:01

We don't understand this thing.

Speaker B: 00:30:03

We're trying to give it an opportunity.

Speaker B: 00:30:04

We don't want, we don't want anything to do with this.

Speaker B: 00:30:07

And in fact they were like, we just want to get rid of it.

Speaker B: 00:30:11

We want to get rid of crypto and we're going to make it very difficult for it to flourish in the US So it became a very hostile environment.

Speaker B: 00:30:20

The current administration noticed the posture of the prior administration towards crypto.

Speaker B: 00:30:27

So they were like, ah, we're actually gonna become a champion of crypto.

Speaker B: 00:30:34

So the Trump administration is using it as an advantage, Advantageous thing that they.

Speaker B: 00:30:40

You get what I mean?

Speaker A: 00:30:41

Yeah.

Speaker B: 00:30:42

Initially in: 2019

Speaker B: 00:30:52

All of a sudden when he noticed that 50 million Americans hold crypto, it's like, those are voters.

Speaker B: 00:31:01

Yeah, see, those are voters.

Speaker B: 00:31:04

And he was like, I'm going to make America the crypto capital of the world.

Speaker A: 00:31:11

And that is actually going to.

Speaker A: 00:31:13

This particular question.

Speaker A: 00:31:14

You're already answering it, but keep going, man.

Speaker A: 00:31:16

I'm just posting it for.

Speaker B: 00:31:17

Everybody can see America the crypto capital of the world.

Speaker B: 00:31:19

I was at the bitcoin conference in Nashville Literally about five rows.

Speaker B: 00:31:26

And when I paid for the ticket for the conference, I didn't know that the President was going to be there.

Speaker B: 00:31:31

Just to put some context around, I didn't know.

Speaker B: 00:31:33

I was like, five rows.

Speaker B: 00:31:35

I was looking at him.

Speaker B: 00:31:36

And when he said, I'm going to make America the crypto capital of the world, it's so fascinating for people who are really pro crypto, like, that's all we think about.

Speaker B: 00:31:50

Like, we're not even looking at the messenger because we know that this system is created to do good.

Speaker B: 00:31:58

So whoever the messenger is, is to come and promote this system, we don't care.

Speaker B: 00:32:02

Because that individual, that individual is just there for four years.

Speaker B: 00:32:07

Yeah, this is going to live on in perpetuity.

Speaker B: 00:32:12

So when that happened, it was like, oh my gosh, this is a big deal.

Speaker B: 00:32:15

So immediately when the prior administration saw that, oh no, this new administration is trying to take these group of people, they flipped all of a sudden they were like, oh, we'll allow Ethereum ETFs to be approved.

Speaker B: 00:32:32

Who allow Bitcoin ETFs.

Speaker B: 00:32:34

And we are pro crypto.

Speaker B: 00:32:36

But it was late.

Speaker B: 00:32:37

It was late, you know.

Speaker B: 00:32:40

So to tie into the earlier question that we spoke about, is there a possibility that an incoming administration can flip and be negative against crypto?

Speaker B: 00:32:51

Think about it this way.

Speaker B: 00:32:52

50 million people held crypto when, when there was a hostile environment towards it.

Speaker B: 00:32:59

Over the next, let's call it two to four years, we might probably double that amount to 100 million people or 125 million people holding crypto.

Speaker B: 00:33:10

ne who wants to be elected in: 2028

Speaker A: 00:33:17

Right.

Speaker B: 00:33:18

I don't like crypto, I am going to destroy it.

Speaker B: 00:33:23

It's comparable to someone saying, I don't like Social Security, I don't like Medicare, I am going to destroy it.

Speaker B: 00:33:30

You never want to touch people's money when you're a politician.

Speaker B: 00:33:34

So in my opinion, I feel this industry, this sector, this asset transcends political parties.

Speaker A: 00:33:45

Thank you for that.

Speaker A: 00:33:46

Because that is one of the things that to understand is like, when the President is invested, how does it actually impact the citizens?

Speaker A: 00:33:54

And you lay that out perfectly.

Speaker A: 00:33:57

So I want to give out some more shout outs to the people who are here.

Speaker A: 00:34:00

You know, you gotta give a shout out to the people.

Speaker A: 00:34:03

So, you know, we wouldn't be doing this without you all.

Speaker A: 00:34:06

And I want to just say thank you for coming through.

Speaker A: 00:34:08

So.

Speaker A: 00:34:09

Hey, what's going on, Henrietta?

Speaker A: 00:34:10

We have Limbar.

Speaker A: 00:34:13

What's Going on Barney's.

Speaker A: 00:34:15

We got Samuel in the house.

Speaker A: 00:34:18

Hey, what's going on, Angelina?

Speaker A: 00:34:19

Tax services.

Speaker A: 00:34:20

Best tax service person.

Speaker A: 00:34:21

She comes on every year, talk about taxes.

Speaker A: 00:34:24

True enrolled agent.

Speaker A: 00:34:25

Awesome stuff.

Speaker A: 00:34:27

And obviously, we heard about Melinda.

Speaker A: 00:34:30

And welcome Jen to the show.

Speaker A: 00:34:33

So one of the things that, you know, I want to give a gift out to to the people I know, like, I'm heavy on books.

Speaker A: 00:34:44

You also good with books.

Speaker A: 00:34:46

Is there a favorite book that you want to give to somebody you want to give out today?

Speaker A: 00:34:49

It's on me.

Speaker A: 00:34:50

I'll pay for it.

Speaker A: 00:34:52

But is there a book that you want to give out to everybody?

Speaker A: 00:34:54

I'm gonna do a hashtag crypto if you want to get in.

Speaker A: 00:34:57

So if you are looking into getting into this giveaway, we're just going to do this at the end of the show.

Speaker A: 00:35:05

Just type in hashtag crypto if you want to get into this drawing.

Speaker A: 00:35:10

And that will actually, we just got to find out a book.

Speaker A: 00:35:12

So what do you want to give away?

Speaker B: 00:35:13

What book?

Speaker B: 00:35:15

I'll say the bitcoin standard.

Speaker A: 00:35:18

I haven't heard of that book.

Speaker B: 00:35:19

The bitcoin standard.

Speaker B: 00:35:21

Yes.

Speaker B: 00:35:22

To give a little bit of a summary of what individuals can expect.

Speaker B: 00:35:27

That book is a required reading for anyone who's interested in truly understanding bitcoin digital assets because it explains, you know, most individuals who haven't done their work about bitcoin, they will look at it and say, oh, what makes bitcoin valuable?

Speaker B: 00:35:45

Right, right.

Speaker B: 00:35:46

What makes it valuable?

Speaker B: 00:35:48

It's just a string of numbers sending something from one wallet to another.

Speaker B: 00:35:53

Why does.

Speaker B: 00:35:54

Why is bitcoin a hundred thousand dollars, where does that value come from?

Speaker B: 00:35:59

Right.

Speaker A: 00:36:00

Yeah.

Speaker B: 00:36:00

But when you read that book, you learn that money is an abstract concept.

Speaker B: 00:36:07

Back in the days, they used to use seashells and glass beads as money.

Speaker B: 00:36:14

And this is even making me emotional, because African countries used to use glass beads as money.

Speaker B: 00:36:22

And when Europeans came into Africa and they saw that Africans were using glass beads, that the Europeans knew how to manufacture identical beads.

Speaker B: 00:36:34

So they went back, manufactured the beads, came back into the country, and they used those beads to buy all the assets from the local people.

Speaker A: 00:36:43

Wow.

Speaker B: 00:36:44

Yes.

Speaker B: 00:36:45

Right.

Speaker B: 00:36:46

So the thing about money that you don't want is you don't want money that anyone or some random person can create.

Speaker A: 00:36:55

That makes sense.

Speaker B: 00:36:56

Yes.

Speaker B: 00:36:56

So once you begin to understand the history of money.

Speaker B: 00:37:01

Okay, what makes gold?

Speaker B: 00:37:03

Why do people even use gold?

Speaker A: 00:37:07

Well, for me, I know from understanding electronics is that gold is a great semiconductor.

Speaker A: 00:37:14

It's a very soft metal.

Speaker A: 00:37:15

It's really a horrible metal.

Speaker A: 00:37:17

When you really think about it against all the different types of metals that are out there.

Speaker A: 00:37:21

However, it's a great conductor for electricity.

Speaker A: 00:37:24

That's the only thing I could see behind it.

Speaker B: 00:37:27

Remember at the beginning I said that there are two things that individuals need to look out for.

Speaker B: 00:37:32

Demand and scarcity.

Speaker A: 00:37:34

Yeah.

Speaker B: 00:37:35

So let's first look at scarcity.

Speaker B: 00:37:37

Gold is scarce.

Speaker B: 00:37:38

On average, every year, you can just dig up or find maybe an additional 1% of gold that's added to the supply.

Speaker B: 00:37:47

So there's a limited quantity of gold.

Speaker B: 00:37:51

And in terms of demand, what caused the demand?

Speaker B: 00:37:54

Individuals realized gold was scarce.

Speaker B: 00:37:57

It's shiny.

Speaker B: 00:37:59

They're like, you know what, we're just going to hold this thing.

Speaker B: 00:38:02

And instantly gold became money, something that became a store of value for individuals.

Speaker B: 00:38:10

its currency to gold up until: 1971

Speaker B: 00:38:27

If countries were coming to us saying, hey, we want the gold, here's your currency, we want the gold.

Speaker B: 00:38:32

So Nixon announced in: 1971

Speaker B: 00:38:37

What does that mean?

Speaker B: 00:38:38

It means that the dollar doesn't have to be pegged to gold and the government can print the dollar at will.

Speaker B: 00:38:47

Right.

Speaker B: 00:38:48

So individuals are looking at real estate.

Speaker B: 00:38:51

You, you ask the average person, why you.

Speaker B: 00:38:57

Why do you buy real estate?

Speaker B: 00:38:58

Or because it goes up, why is it going up?

Speaker B: 00:39:02

Why is real estate going up?

Speaker B: 00:39:04

Most people think, oh, it's because it just goes up.

Speaker B: 00:39:06

No, it's going up because governments print more money.

Speaker B: 00:39:10

Okay.

Speaker B: 00:39:10

If money was a fixed quantity.

Speaker B: 00:39:14

Well, if it was a fixed quantity, you know, it would, it would still go up if there was, like, demand coming in or.

Speaker B: 00:39:20

No, if money was the fixed quantity and you couldn't make more of it, there's going to be a very fixed quantity.

Speaker B: 00:39:27

So it fixes prices at this at a level, and you can have more of.

Speaker B: 00:39:33

You can't have more money.

Speaker B: 00:39:34

So it's stationary pretty much.

Speaker B: 00:39:37

But once you can create more money, that money begins to move into the assets.

Speaker B: 00:39:45

And the more money that someone has, it means that person has the ability to pay more for that thing.

Speaker B: 00:39:51

So whenever someone can pay more for an asset, the price will rise because price moves to the price of the highest bidder.

Speaker B: 00:39:59

So most people are holding homes and it keeps going up.

Speaker B: 00:40:01

And, and they don't realize it's because governments are able to print money.

Speaker B: 00:40:06

Right.

Speaker B: 00:40:07

That's why you you have the appreciation in, in homes.

Speaker B: 00:40:12

That's what makes bitcoin unique.

Speaker B: 00:40:14

Okay.

Speaker A: 00:40:15

And obviously we can.

Speaker A: 00:40:17

Because early on it was easy to mine it because I remember people used to just mine it with just a Raspberry PI and then it was Raspberry PI farms, where you can just put like 12 of them together and get some bitcoin.

Speaker B: 00:40:29

Yeah.

Speaker A: 00:40:29

Now you need a full warehouse just to get one at this point.

Speaker A: 00:40:34

So like you said, Bill's at scarcity.

Speaker A: 00:40:36

And when you went back earlier, you said it's a finite amount that you can get.

Speaker B: 00:40:40

Yeah.

Speaker A: 00:40:41

And no more.

Speaker B: 00:40:42

That.

Speaker A: 00:40:42

That's it once it's done.

Speaker B: 00:40:44

So 21 million.

Speaker A: 00:40:46

And how far are we from that number, do you recall?

Speaker B: 00:40:49

Yes, we are about 19.7.

Speaker A: 00:40:54

That's it.

Speaker B: 00:40:55

Yeah.

Speaker B: 00:40:56

We've created 19.7 million Bitcoin, so we are left with maybe about 1.3 million that will be created over the next hundred and something years.

Speaker A: 00:41:06

Jeez.

Speaker A: 00:41:08

So in order to mine that, we got to go beyond the compute power that we currently have, which I'm thinking quantum will be the next compute power that I can think of potentially or, you know, powerful.

Speaker B: 00:41:22

I'm sure Nvidia or these kind of chip companies are able to create semiconductors that are specifically, I believe they are called ASICs that are specifically manufactured for, you know, bitcoin mining.

Speaker B: 00:41:40

But that power or that compute will definitely need to be scaled up, you know, as more people want to mine it.

Speaker B: 00:41:54

And Anthony, if I could share this, and I think it's worth people understanding, I just shared with you that 19.7, and it's just a rough estimate ballpark, I might be off by either 0.1 or 0.2.

Speaker B: 00:42:07

But let's go 19.7 million Bitcoin currently in circulation.

Speaker B: 00:42:13

But 95% of the entire globe don't own or have any bitcoin.

Speaker A: 00:42:22

Right.

Speaker B: 00:42:23

And the price is a Hundred and what?

Speaker B: 00:42:26

Twelve thousand.

Speaker B: 00:42:27

Even though 95% of the world don't own any bitcoin.

Speaker A: 00:42:33

Okay, now you get into my sweet spot now, which is the features.

Speaker A: 00:42:39

Where do you think this is going to go?

Speaker A: 00:42:42

Well, since you predicted right from last two years ago, you predicted accurately, what do you think is going to be in the next two years?

Speaker B: 00:42:51

n the next two years, call it: 2027

Speaker B: 00:42:54

I believe that Bitcoin will be somewhere between 200 and 300,000.

Speaker B: 00:42:58

In the next two years.

Speaker B: 00:43:00

In the next five years.

Speaker B: 00:43:01

So: 2030

Speaker A: 00:43:07

Wow.

Speaker A: 00:43:09

Wow.

Speaker A: 00:43:10

Okay, that is okay.

Speaker A: 00:43:14

At the way of the expansion, I could See that happening?

Speaker A: 00:43:17

Only because like you said, the more people would get into it and everything like that.

Speaker B: 00:43:21

Yeah, I, I often say, how did.

Speaker A: 00:43:23

You come to that number though?

Speaker B: 00:43:25

How did I come to that number?

Speaker B: 00:43:27

You just look at the exponential growth of bitcoin.

Speaker B: 00:43:30

So I study bitcoin a lot on, on average every, every day.

Speaker B: 00:43:35

Generally I spend about four to five hours studying markets.

Speaker B: 00:43:39

Of that four to five hours, at least two to three is spent specifically on digital assets.

Speaker B: 00:43:47

ve been doing this since like: 2016

Speaker B: 00:43:53

So I might be breaking things down in a very simple way, but it's a lot of information that I have taken in over the course of the years.

Speaker B: 00:44:04

In: 2017

Speaker B: 00:44:07

And I'll just, I was playing around, you know, I'll buy a few hundred dollars here because, oh, I'm now understanding this thing.

Speaker B: 00:44:13

like you are playing Then in: 2020

Speaker B: 00:44:19

It's life changing.

Speaker B: 00:44:20

Then: 2022

Speaker B: 00:44:24

Where can I get money?

Speaker B: 00:44:25

Like, oh, that old 401k sitting there.

Speaker B: 00:44:28

How do I roll it over, you know, be able to buy like, you know, ETFs or like you begin to think, how do I get money?

Speaker B: 00:44:35

Like anyone who has spent about five years at least, right, studying this asset, you go from playing around, oh, let me just buy a few things here to like, you are running around understanding the importance.

Speaker B: 00:44:48

So often when I share about bitcoin or this digital asset space, I want people to borrow my passion and borrow their years of studying and learning about this asset so that they don't become convicted in five years from now when bitcoin is a million.

Speaker B: 00:45:15

Take my conviction now.

Speaker B: 00:45:18

Go do some due diligence, maybe read the bitcoin standard, watch a few.

Speaker B: 00:45:23

You can go to hope.com, you can write that website down, hope.com go and read the publications on there, go and read the books about bitcoin, do some due diligence, but borrow my conviction because it's, it's, it's huge.

Speaker B: 00:45:39

So how do I come up with the number?

Speaker B: 00:45:42

There's something called a power law.

Speaker B: 00:45:44

Apparently you are able to track with, with mathematics how, how much growth certain animals can have or how much growth a city can like, how, how a city can grow over time in terms of its population and all of these things.

Speaker B: 00:46:04

You are able to apparently statistically figure it out.

Speaker B: 00:46:08

So it's called a power law.

Speaker B: 00:46:10

So individuals plug the power law into bitcoin.

Speaker B: 00:46:13

And they found out that bitcoin follows a perfect power law, which is also another mind blowing fact.

Speaker B: 00:46:20

Right?

Speaker A: 00:46:20

Yeah.

Speaker A: 00:46:20

I didn't know that.

Speaker B: 00:46:22

Yeah.

Speaker B: 00:46:22

million somewhere between: 2033

Speaker A: 00:46:32

That's quick.

Speaker A: 00:46:34

In 10 years.

Speaker B: 00:46:36

Yes.

Speaker B: 00:46:36

million: 2045

Speaker A: 00:46:49

So y' all hearing it first and we gonna play this back.

Speaker A: 00:46:54

Y' all know we're gonna play this back.

Speaker B: 00:46:56

So, Anthony, when I started teaching about investing.

Speaker B: 00:47:00

Right.

Speaker B: 00:47:01

Yeah.

Speaker B: 00:47:02

The thing that's always been on my heart is I see people in our community.

Speaker B: 00:47:08

We don't have a lot of financial resources.

Speaker B: 00:47:11

Right.

Speaker B: 00:47:13

If we wanted to become millionaires, how do we do it?

Speaker B: 00:47:18

It's very difficult.

Speaker B: 00:47:20

How do you do it?

Speaker B: 00:47:21

Become a millionaire in America?

Speaker B: 00:47:24

Sure.

Speaker B: 00:47:24

If you're lucky and you work very, very hard like I have, you can create a million dollar or multimillion dollar business, but it requires an insane amount of work.

Speaker B: 00:47:37

It's not easy at all.

Speaker B: 00:47:40

You have to execute at a level that most people will not be able to.

Speaker B: 00:47:44

And the sacrifice that you have to make, it's.

Speaker B: 00:47:47

It's excessive.

Speaker B: 00:47:48

I've lived it.

Speaker B: 00:47:49

Right.

Speaker B: 00:47:51

But what is a very simple way for individuals to be able to get to a million dollars without having to go and start a business without having like this?

Speaker B: 00:48:07

In my opinion, bitcoin is the simplest way for anyone to become a millionaire and eventually multimillionaire.

Speaker B: 00:48:18

That is why I am constantly posting about bitcoin.

Speaker B: 00:48:23

That is why I constantly talk about bitcoin, because I view it as the arc.

Speaker B: 00:48:29

When we think about it in the context of Noah, I view it as the ark that is saving us from the inflation that is all around us, from the economic disaster, from the exploitation of individuals who are well connected and they have boatloads of money and they are striking their side deals.

Speaker B: 00:48:53

Bitcoin is that arc that takes us, you know, to that land of milk and honey.

Speaker B: 00:49:07

So I wake up every day and all I think about is bitcoin.

Speaker B: 00:49:13

It's so crazy.

Speaker B: 00:49:14

Like literally every single day.

Speaker B: 00:49:16

I remember one day I was walking around and I was like, wow, Imagine, Anthony.

Speaker B: 00:49:26

An announcement came beginning of this year, I think somewhere between February and May, that coinbase has been added to the S P 500.

Speaker B: 00:49:37

Okay.

Speaker A: 00:49:38

Yeah.

Speaker B: 00:49:38

So now all of a sudden, everyone who is anti crypto.

Speaker B: 00:49:43

It doesn't matter that you're anti crypto.

Speaker B: 00:49:45

You own crypto.

Speaker A: 00:49:46

Yep.

Speaker B: 00:49:46

Okay.

Speaker B: 00:49:46

You own crypto.

Speaker B: 00:49:47

Coinbase and P500.

Speaker B: 00:49:49

Hello.

Speaker B: 00:49:51

Like, it's happened a month ago, Square, which is Jack Dorsey's company, added to the S&P 500.

Speaker B: 00:49:58

So now you have two companies that are predominantly crypto companies.

Speaker A: 00:50:02

Yeah.

Speaker B: 00:50:03

Anthony, I want you to write this down.

Speaker B: 00:50:05

And.

Speaker B: 00:50:05

And the individuals listening, the moment you hear that MicroStrategy, which is Michael Saylor's company or strategy ticker symbol is MSTR.

Speaker B: 00:50:18

MSTR.

Speaker B: 00:50:19

The day that you hear MicroStrategy has been added to the SMP, game over.

Speaker B: 00:50:27

xplain why Michael Saylor, in: 2020

Speaker B: 00:50:41

So Michael Sila had.

Speaker B: 00:50:44

, Facebook, Google, Amazon in: 2009

Speaker B: 00:50:57

Michael Saylor saying this in: 2009

Speaker B: 00:50:59

Obviously, no one believed him.

Speaker B: 00:51:00

So he put about $10 million into Apple, Google, Facebook, these companies, Amazon.

Speaker B: 00:51:07

And 10 years later, that 10 million was 100 million or 200 million.

Speaker B: 00:51:12

And he sold all of those stocks and put all of the 200 million into Bitcoin.

Speaker B: 00:51:20

Yes.

Speaker B: 00:51:21

So that caught my attention.

Speaker B: 00:51:22

Like I said, when you are studying bitcoin, as you begin to see certain things, it increases your level of conviction because you're like, I'm here worrying about the few thousand dollars I'm putting.

Speaker B: 00:51:34

Like, someone just put 200 million, right?

Speaker B: 00:51:37

You know, so he put 200 million.

Speaker B: 00:51:40

Then he went to his company because he owns, like, he's the founder of the company.

Speaker B: 00:51:44

He owns majority share.

Speaker B: 00:51:46

And he told his board, go and study bitcoin.

Speaker B: 00:51:50

And then we're gonna come back, discuss it.

Speaker B: 00:51:53

So the board did that.

Speaker B: 00:51:55

They came back and they took all of the company's cash, 500 million, bought Bitcoin.

Speaker B: 00:52:03

Then he went to borrow 250 million.

Speaker A: 00:52:06

On top of that, on top of.

Speaker B: 00:52:08

His company bought more bitcoin.

Speaker B: 00:52:10

Then he issued bonds, corporate bonds, 500 million bought more bitcoin.

Speaker B: 00:52:17

s happening somewhere between: 2020

Speaker A: 00:52:25

That's a quick turnaround with that much cash.

Speaker B: 00:52:28

Yes.

Speaker B: 00:52:28

MicroStrategy was worth one to two billion dollars when they started buying Bitcoin.

Speaker B: 00:52:35

Today it's $120 billion company.

Speaker A: 00:52:40

Talk about flipping, man.

Speaker A: 00:52:43

Okay.

Speaker A: 00:52:44

Rolling in cash.

Speaker B: 00:52:45

Yes.

Speaker B: 00:52:46

Now, three weeks ago, MicroStrategy now qualifies for the S P500.

Speaker B: 00:52:57

So the big question is, will they let them in?

Speaker A: 00:53:03

That's a great question.

Speaker B: 00:53:04

That is A great question before we move on.

Speaker A: 00:53:06

I'm gonna throw in a quick commercial.

Speaker A: 00:53:08

Sure.

Speaker A: 00:53:08

Then we're gonna go straight to answering questions because there's a lot of questions coming in and I want to make sure we end out the rest of that and then we can go on and do the.

Speaker A: 00:53:18

What's it called it, do the drawing.

Speaker A: 00:53:20

So this, it'd be about like a.

Speaker A: 00:53:22

A minute, like 30 second thing.

Speaker A: 00:53:23

If you just want to grab some water or something like that, we can go and knock that out.

Speaker A: 00:53:27

So let me go on throwing my commercial.

Speaker A: 00:53:30

If I can find my stuff.

Speaker A: 00:53:33

Some of y' all who've been watching that show, y' all know about it.

Speaker A: 00:53:36

This one I'm a thing.

Speaker A: 00:53:38

Okay.

Speaker A: 00:53:38

This is a little trivia.

Speaker A: 00:53:39

It's just a minute long if you want to grab something.

Speaker A: 00:53:42

All right.

Speaker A: 00:53:42

And we'll be right back.

Speaker A: 00:53:43

See you soon.

Speaker B: 00:53:51

Sa Sam.

Speaker A: 00:55:04

All right, all right, all right.

Speaker A: 00:55:05

Welcome back, welcome back.

Speaker A: 00:55:08

I had to pull myself some kombucha because, I mean, man, this is great stuff.

Speaker A: 00:55:13

Awesome opportunities to come through.

Speaker A: 00:55:16

So I just want to share with everybody where we at right now and how many people are into getting this book.

Speaker A: 00:55:25

So I'm going to share this tab so you all can see where we standing if it shows up to the stage.

Speaker A: 00:55:31

There we go.

Speaker A: 00:55:32

So we got 25 people that are in right now.

Speaker A: 00:55:37

So if you haven't already type in hashtag crypto, it will automatically add your account.

Speaker A: 00:55:41

You only get one entry.

Speaker A: 00:55:43

So if you already typed in crypto once, it got you.

Speaker A: 00:55:46

So you don't have to keep doing it.

Speaker A: 00:55:47

Just to let you know.

Speaker A: 00:55:51

So we're just going to start diving into.

Speaker A: 00:55:54

While people just type in the word crypto to be inside the drawing.

Speaker A: 00:55:57

I'm going go through some of these questions here.

Speaker A: 00:55:59

We want to go from the top because you started hitting on it.

Speaker A: 00:56:02

And some people are repeating this question, which is if you don't.

Speaker A: 00:56:09

This is coming from our Virgil.

Speaker A: 00:56:11

She says if you don't have much money to invest, should I even think about crypto?

Speaker A: 00:56:17

And also what mistakes do beginners usually make when they trying to invest in crypto assets or other assets in uncertain times?

Speaker B: 00:56:28

You know, it's fascinating.

Speaker B: 00:56:31

In my opinion, crypto and digital assets should be what individuals who don't have a lot of money should invest in.

Speaker B: 00:56:41

Right?

Speaker B: 00:56:42

Yes.

Speaker B: 00:56:43

Think about it.

Speaker B: 00:56:45

I think about wealth as a race and for predominantly for immigrants, minorities.

Speaker B: 00:56:56

We are not even running in the race yet.

Speaker B: 00:56:59

Like, we haven't really started building wealth.

Speaker B: 00:57:01

Individuals are far ahead, years ahead, centuries ahead, oftentimes.

Speaker B: 00:57:09

Right.

Speaker B: 00:57:10

So you Think about it as you are the starting line and you are about to start running, okay.

Speaker B: 00:57:18

Are you going to be copying what the people who have been running for hundreds of years or 10 years, or 50 years, are you going to copy what they are doing and be moving at the same pace as they are moving?

Speaker B: 00:57:31

How are you going to make progress?

Speaker B: 00:57:34

Right.

Speaker B: 00:57:34

You need something to accelerate your growth so that you can begin to move quicker and faster.

Speaker B: 00:57:42

Right.

Speaker B: 00:57:43

So it's just fascinating.

Speaker B: 00:57:44

So often, and I say this as someone who spent a lot of time, years studying this industry, I get very frustrated and I don't hold it against financial educators.

Speaker B: 00:57:58

I really don't because obviously I've done the work.

Speaker B: 00:58:01

I get frustrated when individuals are leaning into this space because they are saying buy an S&P 500.

Speaker B: 00:58:10

Okay, sure.

Speaker B: 00:58:11

Someone has $100, they buy an S&P 500.

Speaker B: 00:58:15

Congratulations.

Speaker B: 00:58:16

The $100 is now 110.

Speaker B: 00:58:19

A year later.

Speaker B: 00:58:20

Woohoo.

Speaker B: 00:58:21

Generational wealth.

Speaker B: 00:58:23

What about a thousand dollars?

Speaker B: 00:58:25

The thousand now has an extra hundred dollars.

Speaker B: 00:58:29

A thousand one hundred.

Speaker B: 00:58:30

Whoo.

Speaker B: 00:58:31

Gonna be multi.

Speaker B: 00:58:33

What thousand years.

Speaker B: 00:58:38

I say it not to make fun because something that I really think about.

Speaker B: 00:58:43

Right.

Speaker B: 00:58:43

in: 2017

Speaker B: 00:58:49

into Bitcoin in: 2017

Speaker B: 00:58:57

let's assume I'm right and in: 2030

Speaker B: 00:59:02

et's say it hits a million by: 2030

Speaker B: 00:59:05

The thousand dollars is now worth a million dollars.

Speaker B: 00:59:09

What other financial vehicle can do this?

Speaker B: 00:59:14

Like there's none.

Speaker A: 00:59:15

I can't think of any.

Speaker B: 00:59:16

Yeah, exactly.

Speaker B: 00:59:17

With that being said, once again, people don't have the level of conviction that I do, so they cannot go all in.

Speaker B: 00:59:23

Right.

Speaker B: 00:59:24

In: 2020

Speaker B: 00:59:31

No.

Speaker B: 00:59:31

Back then I was 50%.

Speaker B: 00:59:34

50%, right.

Speaker B: 00:59:36

Today I'm 90%.

Speaker A: 00:59:39

He saw the light.

Speaker B: 00:59:43

Yeah.

Speaker B: 00:59:44

Today I'm 90%.

Speaker B: 00:59:46

But, but Michael Saylor say, what are you doing?

Speaker B: 00:59:49

Right.

Speaker B: 00:59:49

And where's the other 10?

Speaker B: 00:59:50

The other 10 is in AI, which is a whole different, you know, different topic.

Speaker B: 00:59:55

So if you don't have money, in my opinion, educate yourself, but get, get exposure.

Speaker B: 01:00:01

Right.

Speaker B: 01:00:01

What mistakes do beginners usually make when trying to invest in crypto?

Speaker B: 01:00:05

They buy whatever they hear on social media.

Speaker B: 01:00:09

They look at the price of the crypto asset to determine what to buy, right?

Speaker B: 01:00:14

Like XRP, maybe it's $3 or $4.

Speaker B: 01:00:16

So let me put my money there.

Speaker B: 01:00:17

Once again, nothing wrong with xrp, but you don't want that to be the bulk of the portfolio.

Speaker B: 01:00:23

So re, listen to this and keep in mind, kind of the allocation that I shared, not as advice but as something to consider.

Speaker A: 01:00:33

Got it.

Speaker A: 01:00:34

So this one is coming in from Henrietta which said, should one have hardware storage for crypto?

Speaker A: 01:00:41

What brand and how can you get one?

Speaker A: 01:00:44

And also, is it worth it to transfer from institutions to a storage?

Speaker B: 01:00:51

In my opinion, if an individual is new to crypto, they don't need to be looking at any hardware storage device because often it complicates the process.

Speaker B: 01:01:01

The most important thing they need to do is to buy some.

Speaker B: 01:01:04

Okay, so you go to Coinbase, you go to Cash app, you know, Robinhood, Public, sofi, Fidelity.

Speaker B: 01:01:15

Right.

Speaker B: 01:01:15

Just open a brokerage account, buy some.

Speaker A: 01:01:19

Okay?

Speaker B: 01:01:20

That's the first thing individuals should do.

Speaker A: 01:01:22

Nice and easy.

Speaker B: 01:01:23

There's also an opportunity to get ETFs, whatever.

Speaker B: 01:01:26

However, for individuals who are really curious about having a hardware device, BitKey Bit Key is in my opinion, the device of choice.

Speaker B: 01:01:38

It was created for the mainstream audience.

Speaker B: 01:01:42

Guess who created a Jack Dorsey square.

Speaker B: 01:01:45

Right?

Speaker B: 01:01:45

So yeah.

Speaker B: 01:01:46

And what makes it different from other crypto wallets is with other crypto wallets you are going to be provided a set of keys, meaning certain passcodes for the wallet.

Speaker B: 01:01:57

If you lose the passcode, you've lost all of your crypto.

Speaker B: 01:02:00

It's gone.

Speaker B: 01:02:01

Right.

Speaker B: 01:02:01

One of the reasons why I often say don't worry about hardware wallet is because of that.

Speaker B: 01:02:05

But Jack Norse created a wallet that doesn't have any seed phrases or any passcodes.

Speaker B: 01:02:12

So you can actually allow your friends or family, like multiple of them to have tiny pieces to be able to re verify your wallet if you ever lost it.

Speaker B: 01:02:25

It's.

Speaker B: 01:02:25

It's built in a very great way that I think mainstream new beginning people to crypto to the digital assets ecosystem will find appealing.

Speaker A: 01:02:39

Okay, let's see, we got another one here from Melinda.

Speaker A: 01:02:45

She says, are there any theories on who created crypto?

Speaker A: 01:02:50

I mean, we already.

Speaker A: 01:02:51

You already talked about that a little bit.

Speaker B: 01:02:53

Yeah.

Speaker A: 01:02:53

Yep.

Speaker A: 01:02:54

Let's see.

Speaker A: 01:02:55

We're gonna go through.

Speaker A: 01:02:56

Oh, wow.

Speaker A: 01:02:57

They this person come all the way from Australia.

Speaker A: 01:02:59

Thank you, John, for coming through.

Speaker A: 01:03:02

Let's see, we got some more questions.

Speaker A: 01:03:05

Where they at?

Speaker A: 01:03:05

I know y' all got some questions in here.

Speaker B: 01:03:07

Yeah.

Speaker A: 01:03:07

Okay, here we go.

Speaker A: 01:03:10

What is your take on Stablecoin and Meme coins?

Speaker B: 01:03:13

Yeah, so the genius bill was Just passed about a month ago.

Speaker B: 01:03:19

And the genius bill, what it does is it tokenizes the US Dollar.

Speaker B: 01:03:23

So for the first time, the US Government has passed a law that allows the dollar to run on blockchains.

Speaker B: 01:03:29

So now the US Dollar is available globally to anyone on Earth.

Speaker B: 01:03:33

They don't need to be.

Speaker B: 01:03:34

They don't need to go to a bank to get dollars.

Speaker B: 01:03:35

They can just have a smartphone and they can get dollars.

Speaker B: 01:03:39

That is going to disrupt African countries.

Speaker B: 01:03:44

And African countries don't even know what's coming.

Speaker B: 01:03:47

I feel so bad it's going to disrupt African countries because often the currencies.

Speaker B: 01:03:54

And I'm focusing on Africa knowing that there are other developing countries out there that do the same thing.

Speaker B: 01:03:59

But the reason I'm focused on Africa is obviously because I'm African.

Speaker A: 01:04:03

Yeah.

Speaker B: 01:04:04

But many of the currencies in Africa hyper inflate, meaning that, you know, it just keeps increasing against the dollar every year.

Speaker B: 01:04:14

10, 20, 30% consistently.

Speaker B: 01:04:18

Well, if people can now save in dollars and they don't need to go to a bank, they don't need to talk to anyone to access that dollar.

Speaker B: 01:04:27

Right.

Speaker A: 01:04:27

Yep.

Speaker B: 01:04:28

Yeah.

Speaker B: 01:04:29

I'm not working hard and keeping my money in a random currency that people are going to print when I just put it in the dollar.

Speaker B: 01:04:38

Right.

Speaker B: 01:04:38

So stablecoin tokenized dollar.

Speaker B: 01:04:41

Meme coin is.

Speaker B: 01:04:44

What's the word that I'm gonna.

Speaker B: 01:04:46

It's for fun.

Speaker B: 01:04:47

It's a joke.

Speaker B: 01:04:48

It's fun.

Speaker B: 01:04:50

Community vibes.

Speaker B: 01:04:52

Right.

Speaker B: 01:04:52

There's nothing there.

Speaker B: 01:04:53

There's nothing of substance there.

Speaker B: 01:04:56

Just a vibe.

Speaker B: 01:04:57

Right.

Speaker B: 01:04:57

For example, the president, before he became president, he launched a meme coin.

Speaker A: 01:05:02

Trump Coin.

Speaker B: 01:05:03

Yeah.

Speaker B: 01:05:03

Trump coin vibes.

Speaker B: 01:05:05

I know it's funny, but think about it, okay?

Speaker B: 01:05:09

This person is going to be the President of the United States.

Speaker B: 01:05:12

He launches a coin, and he's about to institute positive regulation for crypto assets.

Speaker B: 01:05:23

Yeah.

Speaker B: 01:05:23

What is he planning for that token?

Speaker B: 01:05:27

Right, right.

Speaker A: 01:05:28

Exclusivity.

Speaker A: 01:05:29

Yeah.

Speaker B: 01:05:30

What's he planning for that?

Speaker B: 01:05:31

What if certain stores.

Speaker B: 01:05:33

We're not there right now.

Speaker B: 01:05:35

What if stores say that if you are purchasing something with Trump Token, we give you 20 off?

Speaker A: 01:05:43

I'll see where you're going at now.

Speaker A: 01:05:44

Yeah.

Speaker A: 01:05:45

Because.

Speaker A: 01:05:45

But even.

Speaker A: 01:05:46

Even if you think about it, they technically, a lot of the stores already had these things.

Speaker A: 01:05:51

Because if you think about, like Chuck E. Cheese, you always had those physical coins.

Speaker A: 01:05:56

You buy into it.

Speaker A: 01:05:57

Whatever currency you have, you get the coins to utilize only in that store.

Speaker A: 01:06:00

In that store, only Kohl's Cash.

Speaker B: 01:06:04

Yeah.

Speaker A: 01:06:04

Is one of them.

Speaker A: 01:06:06

Think about, like all these other programs that people have.

Speaker A: 01:06:09

Because you shop there.

Speaker A: 01:06:11

Whatever coin you use, you're going to get.

Speaker B: 01:06:15

This is Taylor Swift can release a coin.

Speaker B: 01:06:18

Beyonce can release a coin.

Speaker B: 01:06:20

The reason they haven't is because there hasn't been the rules and regulation, but now we're going to have it.

Speaker B: 01:06:29

There's a bill going through Congress right now.

Speaker B: 01:06:31

It's called Clarity Act.

Speaker B: 01:06:34

It's expected to pass before the end of the year.

Speaker B: 01:06:37

By the way, the Genius act was supported by both Republicans and Democrats.

Speaker B: 01:06:42

It's not only a Republican thing was Republicans and Democrats came together.

Speaker B: 01:06:48

The majority vote.

Speaker A: 01:06:50

They can come together for this, but not everything.

Speaker B: 01:06:53

They came together for the Genius act, which was the tokenization of the dollar.

Speaker B: 01:06:58

They will likely come together for Clarity act.

Speaker B: 01:07:03

And people might be like, how come?

Speaker B: 01:07:05

How come for this topic of crypto, Democrats and Republicans are coming together.

Speaker B: 01:07:12

I want people to pay very close attention to what I'm about to share, because it's incredibly important.

Speaker A: 01:07:17

Okay, now I'd like to share.

Speaker A: 01:07:19

I'm gonna pull this up side by side so people can see this in real time that this act is actually here.

Speaker A: 01:07:25

Yeah.

Speaker A: 01:07:27

So it's right there.

Speaker A: 01:07:28

He's not lying about it.

Speaker A: 01:07:29

So continue.

Speaker A: 01:07:30

Go ahead.

Speaker A: 01:07:30

I'm sorry.

Speaker B: 01:07:31

Yeah.

Speaker B: 01:07:32

So we shared how this new administration saw the opportunity that they could have with the crypto vote.

Speaker B: 01:07:43

So they just leaned heavily into taking advantage of that.

Speaker B: 01:07:48

Well, Coinbase and other crypto companies pulled their money together and they created a political pack called Fair Shake.

Speaker B: 01:08:01

And they raised $200 million for the last election.

Speaker B: 01:08:06

And Fair Sheikh is not Democrat, it's not Republican.

Speaker B: 01:08:12

It's just pro crypto.

Speaker B: 01:08:13

And they didn't want to support the presidential election, so the money was just going towards Congress and Senate.

Speaker B: 01:08:22

So this is what Fairshake does.

Speaker B: 01:08:24

If you are anti crypto, they push money in your district, run ads against you.

Speaker B: 01:08:33

So you lose.

Speaker B: 01:08:35

Yes.

Speaker A: 01:08:37

So evil.

Speaker B: 01:08:38

If it's not evil, it's just.

Speaker B: 01:08:39

Yeah, it's business.

Speaker B: 01:08:41

It's just pro crypto.

Speaker B: 01:08:43

Right?

Speaker B: 01:08:44

It's not evil.

Speaker B: 01:08:45

It's.

Speaker B: 01:08:45

It's pro crypto.

Speaker B: 01:08:47

If you are pro crypto, they push money in your direction.

Speaker B: 01:08:50

You, you, you, you win your election.

Speaker B: 01:08:53

So there was this huge race in the Senate.

Speaker B: 01:08:57

There was a gentleman, his name is Sherrod Brown, Ohio.

Speaker B: 01:09:02

He was the head of the Banking Committee Democrats, and he had been the head for about 10 years or 20 years.

Speaker B: 01:09:09

He was very anti crypto.

Speaker B: 01:09:11

He didn't even like.

Speaker B: 01:09:14

Brian Armstrong, CEO of Coinbase will schedule a meeting with him.

Speaker B: 01:09:18

Never took his meeting, ever.

Speaker B: 01:09:21

So they pushed about 50 to 70 million dollars specifically for the Ohio election, Sherrod Brown, a high level 10 to 20 year senior ranking Senate banking official versus Bernie Marino, a newcomer, took him out.

Speaker B: 01:09:46

Wow.

Speaker B: 01:09:47

Yes.

Speaker B: 01:09:50

Sent waves throughout the entire political ecosystem.

Speaker B: 01:09:55

Crypto is here.

Speaker A: 01:09:57

Yeah, I hear you.

Speaker A: 01:09:59

We got Angelina.

Speaker A: 01:10:01

She put here from 7:18 tax services.

Speaker A: 01:10:05

How quick can we become millionaires with bitcoin?

Speaker B: 01:10:10

I don't want.

Speaker B: 01:10:11

So that's the thing.

Speaker B: 01:10:12

I don't want individuals to think about it as a quick thing.

Speaker B: 01:10:16

Right.

Speaker B: 01:10:18

In all honesty, and I don't typically give advice, but if I was giving advice to someone that I really care about, I'll say buy bitcoin with money that you don't need so that you never have to sell it.

Speaker B: 01:10:32

Right.

Speaker B: 01:10:32

But how quickly can a person become a millionaire with bitcoin?

Speaker B: 01:10:37

It depends.

Speaker B: 01:10:38

Let's say you buy one bitcoin right now.

Speaker B: 01:10:40

And by the way, I don't think everyone needs to have one bitcoin.

Speaker B: 01:10:43

And the truth is only 21 million people can ever have one bitcoin.

Speaker B: 01:10:48

So think about it.

Speaker B: 01:10:52

America has 300 million plus, you know, resident citizens.

Speaker B: 01:10:59

Only 21 million can ever even have one bitcoin.

Speaker B: 01:11:03

Not to mention the entire world, like 8 billion people.

Speaker B: 01:11:07

Only 21 million people can ever have one Bitcoin.

Speaker B: 01:11:10

So one bitcoin is like a luxurious goal to shoot for, in my opinion.

Speaker B: 01:11:17

I think individuals should aim for 0.1 bitcoin.

Speaker B: 01:11:22

0.1.

Speaker B: 01:11:23

So whatever the price of bitcoin is, you do 10% of that price.

Speaker B: 01:11:27

Make it your goal to get 0.1 bitcoin.

Speaker B: 01:11:32

So let's assume we're looking at 0.1 bitcoin, not one.

Speaker B: 01:11:36

Right.

Speaker B: 01:11:36

coin, my estimate is sometime: 2030

Speaker B: 01:11:42

We should see $1 million bitcoin.

Speaker B: 01:11:45

Earliest is either: 2029

Speaker B: 01:11:51

But maybe around: 2040

Speaker B: 01:12:00

And I'm seeing this as if it's certain, but I want individuals to know it's just a projection.

Speaker B: 01:12:04

Right.

Speaker B: 01:12:06

So the, the individuals who buy 0.1 Bitcoin today, it might be about $11,000 or $10,000.

Speaker B: 01:12:13

So: 2040

Speaker B: 01:12:21

Right.

Speaker A: 01:12:22

I see.

Speaker B: 01:12:22

Bitcoin is about a thing of patience.

Speaker B: 01:12:24

And here's another thing that I want to quickly share.

Speaker B: 01:12:27

Anthony, Never sell bitcoin.

Speaker B: 01:12:33

I want to see it again for individuals who are listening.

Speaker B: 01:12:36

Anthony had to read.

Speaker A: 01:12:37

Yeah, Justin.

Speaker B: 01:12:39

Right, right.

Speaker B: 01:12:40

What are you saying, brother?

Speaker B: 01:12:41

Like, how am I going to make that money?

Speaker B: 01:12:42

Right?

Speaker B: 01:12:42

How am I going to make money if I don't sell it?

Speaker B: 01:12:44

My wife says this all the time to me.

Speaker B: 01:12:46

She's like, okay, this bitcoin thing, if you, if you keep saying never sell your bitcoin, well, how are we going to have money if we don't?

Speaker A: 01:12:54

If you don't sell it?

Speaker A: 01:12:55

Right.

Speaker B: 01:12:58

Let me share a secret with you that probably 99.9% of the individuals listening don't know, but people in my community do know this.

Speaker B: 01:13:09

Anthony, you can borrow against bitcoin.

Speaker B: 01:13:11

Yep.

Speaker A: 01:13:12

I'm familiar.

Speaker A: 01:13:13

Well, at least I'm familiar with it.

Speaker B: 01:13:15

So you are part of the one.

Speaker B: 01:13:16

You're part of the point one.

Speaker B: 01:13:19

If you want, you can ask in the chat, how many of you know that you can borrow against your bitcoin?

Speaker B: 01:13:24

Bitcoin.

Speaker A: 01:13:24

Right.

Speaker A: 01:13:24

How many go y' all answer in the chat, how many of y' all know?

Speaker B: 01:13:27

How many of you know you can borrow against your bitcoin?

Speaker B: 01:13:29

And let me even take it a step.

Speaker B: 01:13:30

Even though, Anthony, you know you can borrow against your bitcoin?

Speaker B: 01:13:33

Yeah.

Speaker B: 01:13:33

Do you know that that loan is approved in 12 seconds and the money is instantly deposited into your account?

Speaker B: 01:13:41

First your crypto account and you can wire it into your bank account in 24 hours.

Speaker A: 01:13:46

Now that I did not know.

Speaker B: 01:13:48

Yes.

Speaker B: 01:13:48

And you don't need to put any personal information, you don't even write your name to get access to that loan.

Speaker B: 01:13:55

You don't need your address.

Speaker B: 01:13:56

They don't care whether you have a job.

Speaker B: 01:13:58

They don't care what your credit score is.

Speaker B: 01:14:01

Instant.

Speaker B: 01:14:04

Once you have bitcoin, you are guaranteed to get that loan.

Speaker A: 01:14:08

Wow.

Speaker B: 01:14:09

You can borrow up to 85% of the value of your bitcoin.

Speaker B: 01:14:14

So if someone had $10,000, they can borrow up to 8, 500 against their Bitcoin.

Speaker A: 01:14:22

See, I knew like, because in.

Speaker A: 01:14:25

We got a Angelina in here.

Speaker A: 01:14:26

She can correct me if I'm wrong, but usually loans are not considered income.

Speaker A: 01:14:31

So if you're getting a loan, you can sit there and say like, oh, I'm poverish, I don't make any money.

Speaker A: 01:14:38

But because you got the loans you can live off of.

Speaker A: 01:14:40

Yes, nice and easy.

Speaker B: 01:14:41

With loans, you don't pay any income.

Speaker B: 01:14:43

I'm telling you, Anthony, I often say this.

Speaker B: 01:14:46

The thing with bitcoin is the price is always going to go up over time because we know it's scarce.

Speaker B: 01:14:50

As the price goes up, people will be like, ah, this bitcoin thing, why is the price going up.

Speaker B: 01:14:54

So they are going to want to know about it.

Speaker B: 01:14:56

Once they take the time to really study and know about Bitcoin, you're going to buy it.

Speaker B: 01:15:01

It's not a matter of will you buy Bitcoin, it's when, right?

Speaker B: 01:15:07

Once MSTR MicroStrategy gets into the S&P 500.

Speaker B: 01:15:11

Do you know why that's a big deal?

Speaker B: 01:15:13

Because all of a sudden everyone with a 401k will be buying MicroStrategy stock.

Speaker B: 01:15:18

And when people buy MicroStrategy stock, what he does is he issues more shares into the market and takes the money to buy more bitcoin.

Speaker B: 01:15:27

So smart.

Speaker B: 01:15:28

It's so smart.

Speaker B: 01:15:29

But, but think about that.

Speaker B: 01:15:31

It means that everyone, everyone in America will be funding the bitcoin purchases of mstr, right?

Speaker B: 01:15:41

In perpetuity.

Speaker B: 01:15:43

And, and the higher the value of MSTR grows, the more of an allocation the S P500 is going to give to it.

Speaker B: 01:15:54

That's why I said it's game changer.

Speaker B: 01:15:57

People have no idea what's coming.

Speaker B: 01:15:59

It's, it's funny because to me I can see what's going to happen in about five to seven years.

Speaker B: 01:16:04

All of the anti crypto people will likely see MSTR as a top three company in the US in like five to seven years and they're going to be like what, like most of my money is going to what, like bitcoin.

Speaker A: 01:16:17

You're gonna be in it.

Speaker A: 01:16:18

So it's going to be rapid fire because I know you got time cut off.

Speaker A: 01:16:22

So we probably get like four minutes in for some of these because these are some good questions.

Speaker A: 01:16:26

I just don't want to skip.

Speaker B: 01:16:28

I think we can do about 30 minutes, so, so 9:45 should be good.

Speaker A: 01:16:32

Okay, so this one is coming in from Coley, if I said that correctly.

Speaker A: 01:16:38

Says, how safe is a wallet without a passcode?

Speaker B: 01:16:42

Incredibly safe.

Speaker B: 01:16:43

Bitkey is so safe.

Speaker B: 01:16:46

Obviously I always encourage individuals to do their own due diligence, but for context, I don't plan to.

Speaker B: 01:16:54

I've been in this space for a very, very long time and I don't even have a hardware wallet.

Speaker B: 01:16:59

As I speak to you, individuals in the bitcoin space who are bitcoin maxis will be pulling their hair out listening to me say I don't have, you know, a crypto wallet.

Speaker B: 01:17:11

I don't, I haven't seen the need for it.

Speaker B: 01:17:15

But when I do decide to, to own one, it's going to be bit key, it's not going to be anything else.

Speaker B: 01:17:23

Right?

Speaker B: 01:17:24

Because I just don't want to Live with this concept of being scared that I can just lose my keys and.

Speaker A: 01:17:31

It'S gone and all your stuff's gone.

Speaker A: 01:17:32

Yeah, yeah.

Speaker A: 01:17:33

Like the guy that lost all that millions of dollars in the sea.

Speaker B: 01:17:37

Yeah.

Speaker A: 01:17:38

This one is coming in from Dennis.

Speaker A: 01:17:40

If bitcoin is a deregulated finance, is it good or bad that we have it that we are having bills pass for crypto?

Speaker A: 01:17:52

And also, if bitcoin is for individuals, isn't company like strategy acting like the Feds now?

Speaker B: 01:18:00

Yeah, it's very, very, very good question.

Speaker B: 01:18:04

So if bitcoin is supposed to deregulate finance, is it good or bad that we're having bills pass for crypto?

Speaker B: 01:18:11

Let's put it this way.

Speaker B: 01:18:13

Until there are bills passed for something, that thing cannot be legal in the economy or that thing isn't recognized.

Speaker B: 01:18:21

So the passing of the bill just legitimizes it as something that citizens don't need to be scared of.

Speaker B: 01:18:30

Right.

Speaker B: 01:18:31

So think about what that means.

Speaker B: 01:18:32

It means that those who were buying this asset before it became, in quotes, legitimate to the eyes of everyday people, they are in early.

Speaker B: 01:18:43

Right?

Speaker B: 01:18:43

So the rules just allows everyday people to feel comfortable with owning the assets.

Speaker B: 01:18:50

So it's just required.

Speaker B: 01:18:52

It's almost like when the car was created.

Speaker B: 01:18:54

I'm sure people are like, oh, we like our horses.

Speaker B: 01:18:57

You know, why do we need a car?

Speaker B: 01:18:59

The car can kill people or the car is too fast.

Speaker B: 01:19:02

Fill in the blank, whatever the excuse was.

Speaker B: 01:19:06

And imagine they're like, we need laws for cars.

Speaker B: 01:19:09

People are like, why do we need laws for this thing?

Speaker B: 01:19:11

You know, I guess bitcoin is for individuals and MicroStrategy is acquiring it in bulk.

Speaker B: 01:19:21

Isn't it acting like the Fed?

Speaker B: 01:19:25

The better way to look at it is MicroStrategy is doing its thing.

Speaker B: 01:19:29

You get to decide whether you want to own MicroStrategy stock or not.

Speaker B: 01:19:35

You can decide whether you want to.

Speaker B: 01:19:36

Right.

Speaker B: 01:19:37

You don't have to buy MicroStrategy stock.

Speaker B: 01:19:39

You can just buy Bitcoin itself.

Speaker B: 01:19:42

And your bitcoin is outside of the control of the government.

Speaker B: 01:19:48

However, you definitely want Michael Saylor to be doing what he's doing because bitcoin has a limited supply and all he's doing is buying.

Speaker B: 01:19:59

So it's just helping you.

Speaker B: 01:20:01

The individual who owns Bitcoin, with that being said as a disclaimer, I'm really bullish on msdr.

Speaker A: 01:20:09

Got you.

Speaker A: 01:20:09

And Harold brought up a good question, which is, how do you see MSTR in relation to Bitcoin five years from now?

Speaker A: 01:20:17

I think you just kind of answered that.

Speaker A: 01:20:18

It's like they already all in.

Speaker B: 01:20:22

And another thing that many people and Harold shout out to you, he's a part of the generational wealth community.

Speaker B: 01:20:30

What most people don't know is that MicroStrategy, because they can borrow money or issue shares to buy bitcoin, be able to grow their company at a faster rate than the growth of Bitcoin.

Speaker B: 01:20:45

Does that make sense?

Speaker B: 01:20:46

Because they are doing this financial engineering to try and acquire more bitcoin.

Speaker B: 01:20:51

So let's say, for example, bitcoin is going to grow, I don't know, 500% over the next five years or 200% over the next five years.

Speaker B: 01:21:06

It wouldn't be wrong to anticipate that MicroStrategy could potentially have double that return.

Speaker B: 01:21:14

Right.

Speaker B: 01:21:14

So 200 would be, you know, 4.

Speaker B: 01:21:17

500 would be a thousand percent.

Speaker B: 01:21:19

Right.

Speaker B: 01:21:19

Which, yeah, essentially is like a 10x.

Speaker B: 01:21:23

So, yeah, just something that people can keep at the back of their mind.

Speaker B: 01:21:29

That microstrategy more than likely grow faster than Bitcoin.

Speaker A: 01:21:35

All right, so I'm going to go ahead on and let's do the drawing now.

Speaker A: 01:21:39

I'm going to go down and share.

Speaker A: 01:21:41

So for some of you who just joined, we actually doing a book giveaway here on the show live.

Speaker A: 01:21:47

You get to spend my money today and hopefully you get to use that book to actually, you know, kickstart your, your investment into crypto and actually utilize the information we learned today to take you on to that next.

Speaker A: 01:22:04

So if you haven't already typed in crypto already, please do.

Speaker A: 01:22:07

So we're going to go ahead on and start that process right now.

Speaker A: 01:22:13

So I'm gonna give you like a minute or two because I know that's a little delay.

Speaker A: 01:22:16

And we're gonna play some music in the background.

Speaker A: 01:22:19

Let's see what I got back here.

Speaker A: 01:22:22

I got some others, some weird stuff back here.

Speaker A: 01:22:25

Let's see.

Speaker A: 01:22:26

Yes, that's cool.

Speaker A: 01:22:29

A nice little chill because at the end of the night, you know, I don't want to wake people up.

Speaker A: 01:22:35

So go ahead on and put your, your cryptos in.

Speaker A: 01:22:39

And as you see the counter goes up live, so you get to see it as it goes through.

Speaker A: 01:22:44

All right, so we're gonna do a countdown.

Speaker A: 01:22:47

Oh, and for people who are new, this is the book that you're going to be getting.

Speaker A: 01:22:51

It's called the Bitcoin standard, recommended by Dr. Hans.

Speaker A: 01:22:56

He says, like, this is the book to get.

Speaker A: 01:22:58

So you know, when you want to get to where he's at, obviously he looks at this every day.

Speaker A: 01:23:06

This will be your Starter book.

Speaker A: 01:23:08

If you want to get to this and really speak to it, get educated.

Speaker A: 01:23:12

And this is what this show is about.

Speaker A: 01:23:14

To make sure you're fully educated and so that you can make the life decision that's necessary for you.

Speaker A: 01:23:20

Alrighty, so y' all not spending Dr. Han's money?

Speaker A: 01:23:23

I'm spending my money.

Speaker A: 01:23:24

All right, let's go.

Speaker A: 01:23:29

Alrighty, who is the winner of this?

Speaker A: 01:23:37

Who's gonna.

Speaker B: 01:23:38

Jj.

Speaker A: 01:23:40

All right, congrats, jj.

Speaker A: 01:23:41

Let me give you some round of applause.

Speaker A: 01:23:47

Congrats to jj.

Speaker B: 01:23:50

So, jj, I need you to do.

Speaker A: 01:23:52

Is to send me an email at Anthony about that wallet dot com.

Speaker A: 01:23:58

All I need is either an address or if you have an Amazon box that's near you, go on and shoot me the Amazon box name.

Speaker A: 01:24:07

If you're not familiar, I think you can actually just select your location and it would actually tell you which Amazon box is near you, and then I'll have it sent to that particular box.

Speaker A: 01:24:18

Usually it's at, like a 711 or.

Speaker A: 01:24:21

What's the name?

Speaker A: 01:24:23

711 or like a grocery store or something like that.

Speaker A: 01:24:26

So you can always get it.

Speaker A: 01:24:27

So congrats to jj.

Speaker A: 01:24:31

Do you think we should give away another book?

Speaker A: 01:24:32

You know, I mean, yeah, I was.

Speaker B: 01:24:34

I was going to say I wanted to do one for myself.

Speaker B: 01:24:37

So my page.

Speaker B: 01:24:39

My Instagram page is at the Investing Tutor.

Speaker B: 01:24:43

So similar to you, obviously, because Amazon is able to ship to the US It's.

Speaker B: 01:24:50

It's simpler to do this giveaway for individuals in the US So for my most recent post today, Anthony, if you can scroll up a bit.

Speaker A: 01:25:01

This one here?

Speaker B: 01:25:02

No, the one below that.

Speaker A: 01:25:05

Okay.

Speaker A: 01:25:05

This one.

Speaker B: 01:25:07

Yes.

Speaker B: 01:25:07

So this one, I posted it today.

Speaker B: 01:25:10

The first 10 people to comment.

Speaker B: 01:25:12

So if you're in the US first 10 people to comment on that post, I'll go ahead and DM you, and I will mail you out a copy of the Bitcoin standard.

Speaker B: 01:25:23

So first 10 people to comment, go ahead.

Speaker A: 01:25:25

Oh, yeah, I better run over.

Speaker B: 01:25:28

First 10.

Speaker B: 01:25:29

Yeah.

Speaker B: 01:25:30

First 10 people to comment on.

Speaker B: 01:25:32

On the post will get the bitcoin standard.

Speaker B: 01:25:38

Okay.

Speaker A: 01:25:38

Yep.

Speaker B: 01:25:40

My page.

Speaker A: 01:25:40

The.

Speaker B: 01:25:41

At the Investing tutor on Instagram and just comment on the video that you see on the screen.

Speaker A: 01:25:49

Yep.

Speaker A: 01:25:50

And look for the one where he's wearing the.

Speaker A: 01:25:52

The burgundy red shirt.

Speaker B: 01:25:55

Yes.

Speaker A: 01:25:55

So first one.

Speaker A: 01:25:57

Dr. Sav, you're driving.

Speaker A: 01:26:01

Well, Dr. Sam, you always on my.

Speaker A: 01:26:02

I mean, we talk, we chat all the time.

Speaker A: 01:26:04

Yeah, we can work something out for sure.

Speaker A: 01:26:07

Man, this has been great.

Speaker A: 01:26:10

So, you know, I want to leave this up here for the people if they want to jump over to Instagram to go ahead on and make that comment.

Speaker A: 01:26:18

And I can always refresh to kind of see where they at.

Speaker A: 01:26:21

See.

Speaker A: 01:26:22

Oh, wow, you already got.

Speaker A: 01:26:27

That's nice.

Speaker A: 01:26:28

So that's great.

Speaker A: 01:26:31

So one of the things that I want to say is, is there anything that you want to leave everybody with for the night?

Speaker B: 01:26:40

Yeah.

Speaker A: 01:26:40

Out of everything that we talked about.

Speaker A: 01:26:42

Yeah.

Speaker A: 01:26:43

What can get them fired up about crypto if they're not fired up yet?

Speaker A: 01:26:48

Because I'm already fired up.

Speaker A: 01:26:50

I'm like, at least let me give me 0.000.

Speaker B: 01:26:54

Yeah.

Speaker A: 01:26:55

At least something to say for the.

Speaker A: 01:26:59

For the people.

Speaker B: 01:27:01

Yeah.

Speaker B: 01:27:08

I want people to really feel and know, like, how important this opportunity is and to put it into context.

Speaker B: 01:27:26

Think about it this way.

Speaker B: 01:27:27

Okay.

Speaker B: 01:27:29

The more people who come in to buy this asset, the higher the price rises, right?

Speaker A: 01:27:35

Yeah.

Speaker B: 01:27:36

So we've had close to a decade of no legitimate rules or regulation around this asset.

Speaker B: 01:27:43

So it's only like individuals who've done the work that have been buying.

Speaker B: 01:27:50

Now, as the laws come into place, you're going to see now 401ks can buy this asset.

Speaker B: 01:27:58

Pensions can buy this asset.

Speaker B: 01:28:00

I wouldn't be surprised if one day the US Government is like, you know what, Social Security is underfunded.

Speaker B: 01:28:07

We're going to put some of the money into Bitcoin.

Speaker B: 01:28:10

Right.

Speaker B: 01:28:10

But the US government needs a way to be able to figure out its debt situation.

Speaker B: 01:28:16

So the U.S. by the way, this is also a law.

Speaker B: 01:28:19

It's called, like, I forget the Bitcoin Act.

Speaker B: 01:28:23

Like the US wants to buy bitcoin and this is not even like a law from the President.

Speaker B: 01:28:29

This is a law going through Congress, the Bitcoin act, it's at the Senate right now.

Speaker B: 01:28:34

They want to buy 1 million bitcoin.

Speaker B: 01:28:38

Yeah.

Speaker B: 01:28:39

So pensions are going to have endowments.

Speaker B: 01:28:44

Like, eventually you're going to have countries.

Speaker B: 01:28:48

The way that bitcoin works, anytime someone who doesn't have bitcoin sees the price going up, they feel massive.

Speaker B: 01:28:59

Fomo, I can guarantee you that a lot of people don't care about bitcoin.

Speaker B: 01:29:04

They probably will keep ignoring it.

Speaker B: 01:29:05

But I can guarantee you when it hits 1 million, 1 million, everyone is going to wake up, be like, oh my gosh, 1 million.

Speaker B: 01:29:15

And at that time, they are going to be hearing that it's going to 10, and you're going to see large amounts of capital being pumped into it.

Speaker B: 01:29:23

And at that time it's going to be deemed less volatile.

Speaker B: 01:29:26

It's a long way of me saying that I have just never in my Life seen such a clear opportunity for individuals in our community to just focus on buying one asset.

Speaker B: 01:29:46

Okay.

Speaker B: 01:29:48

Get exposure with money that you don't necessarily need.

Speaker B: 01:29:55

Just let it, just let it compound, let it, let it grow.

Speaker B: 01:30:00

So yeah, that's pretty much.

Speaker B: 01:30:03

I think about it all the time.

Speaker B: 01:30:04

I'm like, wow, most retirement accounts don't own bitcoin.

Speaker B: 01:30:07

So once you unlock that tons of capital.

Speaker B: 01:30:11

Most financial advisors are not allowed to buy bitcoin.

Speaker B: 01:30:15

Once they unlock that tons of capital, do you know why the financial advisors are going to buy it?

Speaker B: 01:30:20

Because when they put bitcoin into their portfolio and the portfolio grows more, the percentage that they are earning like bitcoin is structured in a way that it incentivizes everyone.

Speaker B: 01:30:32

Let's say countries, let's say the US buys 1 million of Bitcoin, all of a sudden UK is looking at their economy.

Speaker B: 01:30:39

They're like, US is growing so fast because Bitcoin is powering it.

Speaker B: 01:30:43

UK announces we're going to buy 500,000 Bitcoin, United Arab Emirates.

Speaker B: 01:30:49

They're like, what?

Speaker B: 01:30:50

We have oil money, we're going to buy 2 million bitcoin.

Speaker B: 01:30:54

Bitcoin is the only commodity that no human being can create more than 21 million.

Speaker B: 01:31:00

So while countries are battling with each other how many they can buy.

Speaker B: 01:31:06

Going to be laying on a beach somewhere, probably in Ghana, West Africa, living like royalty.

Speaker B: 01:31:17

Yeah.

Speaker B: 01:31:17

And just relaxing, figuring out, okay, which charities am I going to support today?

Speaker B: 01:31:24

Which, you know, which initiatives am I going to push money, which entrepreneurs am I going to fund their startups, you know, which just how do you give back?

Speaker B: 01:31:35

You know, so I just want more individuals to be positioned to be able to do that.

Speaker B: 01:31:39

The last thing that I'll add also is, you know, how I just shared the example of financial advisors and how they have an incentive.

Speaker B: 01:31:47

Think about when bitcoin hits a million dollars, the richest people in the world will be bitcoiners.

Speaker B: 01:31:53

Do you think that countries across the world will be able to pass negative laws against bitcoin when all the richest people hold bitcoin?

Speaker B: 01:32:00

There is such an incentive system that goes across the board, which is mind blowing.

Speaker B: 01:32:06

Most people don't sit down and think about this.

Speaker B: 01:32:09

It runs through my mind all the time.

Speaker B: 01:32:11

I'm saying to people, don't play around.

Speaker B: 01:32:14

Secure your stack, you know, secure your family for multiple generations.

Speaker B: 01:32:19

Own an asset that is accessible anywhere on earth with the Internet.

Speaker B: 01:32:24

No one can manipulate it, no one can take it from you with force.

Speaker B: 01:32:29

You can pass it down to multiple generations and you don't need Permission from someone to be able to pass it to someone else.

Speaker B: 01:32:36

All you do is you just send it to a wallet or if you wanted someone to inherit your Bitcoin, just send it.

Speaker B: 01:32:43

Just go and tell the person, okay, yes, send it to them or give that person your wallet or give that person your secret phrase.

Speaker B: 01:32:53

We've never seen anything like this ever before.

Speaker B: 01:32:57

Where property, an asset is digital and the laws that maintain it is not managed by humans.

Speaker B: 01:33:12

Just I don't know if you all felt that, but do with it what you will and please secure yourself, secure your family.

Speaker B: 01:33:24

This is the redistribution of wealth that many people have been waiting for.

Speaker B: 01:33:30

People are waiting for politicians to pass laws to redistribute wealth.

Speaker B: 01:33:35

It is in front of you.

Speaker B: 01:33:36

It's called Bitcoin.

Speaker B: 01:33:38

Okay, with that being said, just a quick tip, I'll go for it.

Speaker B: 01:33:46

I feel like Ethereum has incredible potential.

Speaker B: 01:33:51

Over the next five years, I don't know if Ethereum can live multiple decades like Bitcoin is going to.

Speaker B: 01:34:00

Because Bitcoin, as we know, there's no humans, there's no founder, there's no.

Speaker B: 01:34:05

You get what I mean?

Speaker B: 01:34:06

Ethereum and the others have founders.

Speaker B: 01:34:08

But with that being said, Ethereum is going to benefit significantly from the stablecoin genius bill.

Speaker B: 01:34:17

Also, Wall street has picked Ethereum as their main blockchain that they wanted to power Wall street and finance.

Speaker B: 01:34:25

JP Morgan is building on Ethereum.

Speaker B: 01:34:27

Coinbase is building on Ethereum.

Speaker B: 01:34:29

Robinhood is building on Ethereum.

Speaker B: 01:34:31

What does that mean?

Speaker B: 01:34:32

Ethereum right now is $5,000 for one Ethereum.

Speaker B: 01:34:38

by: 2030

Speaker A: 01:34:47

One of the things with Ethereum, one of my co workers, I was sitting beside him because this is when I was building about wallet.

Speaker A: 01:34:54

Mind you, this is about five years ago.

Speaker A: 01:34:57

@ the time, my co worker was like, oh yeah, you know, I buy Ethereum.

Speaker A: 01:35:01

I was playing around with it and he said, it's only 300.

Speaker A: 01:35:07

And I was like, really?

Speaker A: 01:35:08

It's like, man, maybe I should just give you 300.

Speaker A: 01:35:11

Because I didn't know anything like how to even get the wallet and I need to get all this stuff because I wanted to do it anonymously.

Speaker A: 01:35:16

And I was like, maybe I should have just used my real name.

Speaker B: 01:35:19

Just get it.

Speaker A: 01:35:20

I didn't care.

Speaker A: 01:35:21

It's my wallet.

Speaker A: 01:35:22

It is what it is.

Speaker A: 01:35:24

Now that I'm thinking about a hindsight 20 20, I should have just gone on the butt like, you know, use my paycheck just like Here, take it.

Speaker A: 01:35:30

But from it being 300, from when I like physically see it with my own eyes at 300, for it to be at 5,000 now, I'm like, yeah, yeah.

Speaker A: 01:35:43

And people around me are talking about this stuff and I'm just like, have fun with it, like, because I'm doing other things, but, you know, I should have dabbled in it.

Speaker A: 01:35:53

And I remember when bitcoin was available for $10, you could easily get it.

Speaker A: 01:35:59

You know, like we at the age now, we've seen this stuff.

Speaker A: 01:36:03

It's almost like seeing Google coming through.

Speaker A: 01:36:04

It's like, oh yeah, Google's like $5 or the.com era.

Speaker A: 01:36:08

Yeah, that's where we at right now to see how it go.

Speaker A: 01:36:11

And we haven't found a.

Speaker A: 01:36:13

Well, we getting close to finding like those core stable coins that would actually take us to that next level.

Speaker A: 01:36:20

So, man, this is, this has been a wild ride.

Speaker A: 01:36:23

It doesn't even feel like we've been talking for like an hour and a half.

Speaker A: 01:36:26

But man, everybody's in the chat saying like, you know, great show, thanks for having you on.

Speaker A: 01:36:34

You know, they really love this stuff.

Speaker A: 01:36:36

Please, if you haven't already, hit the like button.

Speaker A: 01:36:38

Because I want to make sure that we share this out to as many people.

Speaker A: 01:36:40

The more people that actually see this to more action and activity, we can make sure we share this out with the world and our people.

Speaker A: 01:36:48

So this is.

Speaker B: 01:36:50

Yeah, I know that for individuals who are new to their space, you're probably, okay, where do I go get this asset, right?

Speaker B: 01:36:57

Where do I buy it?

Speaker B: 01:36:58

Right?

Speaker B: 01:37:00

I know people be listening to this from multiple countries across the world, right?

Speaker B: 01:37:05

And if you're listening to this, you've listened to till the end, share this video with someone that you care about.

Speaker B: 01:37:10

It's completely free, right?

Speaker B: 01:37:12

And I've mentioned so many just valuable nuggets that will change people's lives, right?

Speaker B: 01:37:18

But for individuals listening who want to buy a crypto asset, just Google crypto exchange in your country, okay?

Speaker B: 01:37:26

And select the 1 or just research the top 2 or top 3 and select the ones that have the highest rating and reviews in your country, okay.

Speaker B: 01:37:39

And just do some due diligence on them.

Speaker B: 01:37:41

And that is how you should start, right?

Speaker B: 01:37:43

In the US I'm sure the top ones, you know, might be Coinbase or Robinhood or Fidelity, right?

Speaker B: 01:37:52

In Canada, there's like wealth simple or Robinhood.

Speaker B: 01:37:57

Uk, Europe, there's Robin Hood.

Speaker B: 01:38:00

There are, you know, there's also Coinbase in Australia now there's Coinbase.

Speaker B: 01:38:04

There's Kraken also In Europe, in Africa, there's yellow card, there's bamboo, there's just.

Speaker B: 01:38:13

Just do your research, do your due diligence, make sure it's a top ranked exchange in your country.

Speaker B: 01:38:20

High reviews and, and just start there, right?

Speaker B: 01:38:23

Don't over complicated, don't give money to someone else or someone messages you on social media and then you're like, oh, go and buy crypto for me.

Speaker B: 01:38:34

No, do educate yourself, right?

Speaker B: 01:38:38

Do your due diligence and kind of go from there.

Speaker B: 01:38:43

And for individuals who just kind of want to know more about what I do or the community that I have, you could go to my website.

Speaker B: 01:38:50

It is the investingtutor.com so www.theinvestingtutor.com yeah, there's a preview of the Generation wealth program which is available on the website so individuals can preview the GW program.

Speaker B: 01:39:17

And yeah, that would be a great start to get a feel for, you know, if this is something that you want to invest more in in terms of becoming a part of the generational wealth, family learning and yeah, just building generational wealth for you and your family.

Speaker A: 01:39:34

This is awesome.

Speaker A: 01:39:35

And Dr. Hans, thank you so much for coming through with your time, your effort, your energy and giving back to the community.

Speaker A: 01:39:42

Community, as always, you know, I can't thank you enough for everything that you do.

Speaker A: 01:39:45

Continue on to push the narrative, man.

Speaker A: 01:39:48

Dr. Hannes, thank you so much.

Speaker A: 01:39:51

You have a good day.

Speaker A: 01:39:52

Thanks.

Speaker A: 01:39:53

I'm gonna go on and do a quick wrap up everybody here.

Speaker A: 01:39:56

You know, we'll catch up online anyway.

Speaker B: 01:39:58

Absolutely.

Speaker A: 01:39:59

All right, see you next time.

Speaker B: 01:40:00

Well, thank you so much.

Speaker B: 01:40:01

Bye bye.

Speaker B: 01:40:02

Peace.

Speaker B: 01:40:02

Peace.

Speaker A: 01:40:03

All right, so everybody please make sure y' all follow Dr. Hans on his platforms, either on Instagram and also his website.

Speaker A: 01:40:13

This has been an amazing show.

Speaker A: 01:40:15

This is the reason why I do my show is to continuously add people on to the show, give you the right information so you make the educated choice for your families and also for your community.

Speaker A: 01:40:27

And that you can now walk with your chest high and really make sure that you are actually answering the question call for your family and also not just for yourself, but for your unit.

Speaker A: 01:40:40

You are taking that moment to really educate your, your child, educating your parents.

Speaker A: 01:40:48

Because right now I have so many episodes to release that are talking about how they use investing to actually caretake their parents.

Speaker A: 01:40:56

They were able to take off of work for like a month or two without a care in the world because they were able to take care of their parents, take care of themselves because they actually invested in themselves early on.

Speaker A: 01:41:05

And I want to make sure that you have that ability to do that as well.

Speaker A: 01:41:09

So if there's anybody else that y' all think I should have on the show to kind of help you all to the next level, please drop a comment in.

Speaker A: 01:41:15

And if you haven't already, leave a like, go ahead on and subscribe because I want to continue on, to have more lives like this.

Speaker A: 01:41:22

I wish you all the best.

Speaker A: 01:41:24

Be safe out there.

Speaker A: 01:41:26

And I'm out.

Speaker A: 01:41:27

Quick wrap up.

Speaker A: 01:41:28

All right, everybody.

Speaker A: 01:41:29

I'll be out.

Speaker B: 01:41:30

Peace.