Latest / Earn Your Leisure / Study Hall: The Future of Crypto Investing
Transcript
- 0:00Speaker 1: An illegal alien from Guatemala charged with raping a child
- 0:03Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 0:07Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 0:11Speaker 1: filming and selling child pornography in Michigan. These are just
- 0:15Speaker 1: some of the heinous migrant criminals caught because of President
- 0:19Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
- 0:23Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 0:28Speaker 1: crossings are at the lowest levels ever recorded, and over
- 0:31Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 0:35Speaker 1: are here illegally, your next you will be fined nearly
- 0:39Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 0:43Speaker 1: never return. But if you register using our CBP home
- 0:46Speaker 1: app and leave now, you could be allowed to return legally.
- 0:50Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
- 0:55Speaker 1: border and families will be protected.
- 0:57Speaker 2: Sponsored by the United States Department of Homeland Security. Let's
- 1:00Speaker 2: talk about crypto.
- 1:04Speaker 3: So NFTs, I'll just taught NFTs in the crypto So
- 1:08Speaker 3: crypto is something that people still kind of have a
- 1:13Speaker 3: lot of reservation when it comes to crypto but you know,
- 1:17Speaker 3: I think that it all plays into a bigger play
- 1:20Speaker 3: as far as Web three and NFTs and you know, blockchain.
- 1:24Speaker 3: So what's your thoughts on the future of crypto?
- 1:29Speaker 4: Future of crypto? I mean, I think it's the same
- 1:31Speaker 4: thing as the future of money. Period. When we did
- 1:35Speaker 4: the interview on the Breakfast Club during that time, was
- 1:38Speaker 4: coming from London, and that's what I was heavily researching
- 1:41Speaker 4: is what is the future of money? Right? I think
- 1:43Speaker 4: that's where the conversation about crypto in itself is, right,
- 1:48Speaker 4: Whether where's the best place is to store your money?
- 1:51Speaker 4: You all talked about possible World War three scenario, right,
- 1:56Speaker 4: So I want to kind of take this conversation and
- 1:58Speaker 4: think about ten years from now, right, not today, not tomorrow,
- 2:03Speaker 4: Ten years from now, does cryptocurrency matter? Right? Ten years
- 2:07Speaker 4: from now, what's the price of gold, what's the price
- 2:10Speaker 4: of bitcoin, what's the price of ethereum?
- 2:13Speaker 3: Right?
- 2:13Speaker 4: Where is the dollar? Right? Where's bricks? Right? That's the
- 2:18Speaker 4: conversation around money, because we're going into a complete digital age, right,
- 2:24Speaker 4: the so called dedollarization, right, but we know we're specifically
- 2:28Speaker 4: going to a cash list society. So whether it's a
- 2:31Speaker 4: CBDC coin right, citubate digital coin, or whether it's a
- 2:37Speaker 4: cryptocurrency which will be kind of like the world's coin,
- 2:40Speaker 4: if you will, but not to be confused with world coin,
- 2:43Speaker 4: which is a whole nother conversation. I think that you know,
- 2:48Speaker 4: certain cryptos, like your bitcoins and your ethereums, those are
- 2:52Speaker 4: your digital goals. I think that hasn't changed for me
- 2:55Speaker 4: in ten years, ten twenty years down the line. If
- 2:59Speaker 4: we really want to think even farther out right, it's
- 3:02Speaker 4: what is your children's money, right, and so for me
- 3:05Speaker 4: it only makes sense to diversify. Bitcoin is up sixty percent,
- 3:10Speaker 4: right for them? This year, I think it's hitting. I
- 3:14Speaker 4: think it hit almost close to a thirty four thousand
- 3:17Speaker 4: because of.
- 3:18Speaker 5: Yeah, so you know, bitcoin in the last twelve years
- 3:25Speaker 5: has been a great trade, whether.
- 3:28Speaker 4: You're going in there and you're doing you know, daily trades,
- 3:32Speaker 4: whether you're going in there and you buying it at
- 3:34Speaker 4: the right time and you're holding bigcoin stays in the conversation,
- 3:38Speaker 4: and it hasn't been eliminated by no one yet, right,
- 3:42Speaker 4: no matter how much and what information has came about.
- 3:45Speaker 4: You talked about this yesterday, you know, Diamond of JP
- 3:48Speaker 4: Morgan Chase, he said he didn't believe in it. Right,
- 3:51Speaker 4: they said, Warren Buffett been making money off bitcoins in
- 3:53Speaker 4: directly in different ways. No matter what has been said
- 3:57Speaker 4: about bitcoin, there's been a way to make money bitcoin right,
- 4:01Speaker 4: and it has survived every conversation thus far. And if
- 4:06Speaker 4: we possibly go into a World War three scenario, an
- 4:09Speaker 4: also question I have for end what does that do
- 4:13Speaker 4: for the bitcoin price?
- 4:17Speaker 2: Tuessay move.
- 4:19Speaker 6: I'll said it last week, like if we get the
- 4:21Speaker 6: black Rock approval for ETF, we'll go to thirty three
- 4:24Speaker 6: thousand and nine to thirty five. Guess what today Blackrock
- 4:28Speaker 6: spot Bigcoin ETF is now listed on Nailsack Trading clear
- 4:31Speaker 6: and Firm thirty four thousand. If we go to war,
- 4:34Speaker 6: crypto will go to the upside. This is the part
- 4:36Speaker 6: where do you pick morality over money or do you
- 4:40Speaker 6: use the information that you have to profit off of
- 4:43Speaker 6: what's happening.
- 4:44Speaker 4: Well, I think that that was an interesting framework that
- 4:48Speaker 4: you just put in there, because now you've made it
- 4:49Speaker 4: a moral question for a more dilemma for people.
- 4:52Speaker 6: And I wasn't even living without us all investment as
- 4:55Speaker 6: a moral dim I was looking at it as a
- 4:57Speaker 6: as an asset manager way of like, what's the best
- 5:02Speaker 6: what's the best way to.
- 5:03Speaker 4: Protect your purchasing power? Right, Inflation is disrespectful. Right, we
- 5:09Speaker 4: know that inflation is way higher than anybody has ever
- 5:12Speaker 4: admitted that it is. Right, And so with inflation being
- 5:16Speaker 4: so goddamn high, you one hundred dollars is no longer
- 5:19Speaker 4: worth one hundred. I was just out in Wilmington and
- 5:23Speaker 4: they gas was like three four dollars out here, you
- 5:26Speaker 4: know what I mean. It's like in California it's like
- 5:28Speaker 4: eight dollars. Right, that's like fifty percent and two different
- 5:33Speaker 4: states line from one coast to the other, and we
- 5:36Speaker 4: talk about food prices and just flying period. So yo,
- 5:40Speaker 4: whether you're making you was making fifty thousand, one hundred thousand,
- 5:43Speaker 4: it's not worth the same any more. So when you
- 5:47Speaker 4: have money, it's burning, right, it's melting, it's disappearing. So
- 5:52Speaker 4: a person is just looking at the global landscape saying, okay,
- 5:55Speaker 4: based on this situation, where should I put my money?
- 5:57Speaker 2: Now?
- 5:58Speaker 4: Based on this where should I put it? Right?
- 6:00Speaker 7: And we know in these This episode is brought to
- 6:03Speaker 7: you by P and C Bank. A lot of people
- 6:05Speaker 7: think podcasts about work are boring, and sure, they definitely
- 6:09Speaker 7: can be but understanding of professionals routine shows us how
- 6:13Speaker 7: they achieve their success, little by little, day after day.
- 6:17Speaker 7: It's like banking with P and C Bank. It might
- 6:20Speaker 7: seem boring to save, plan and make calculated decisions with
- 6:23Speaker 7: your bank, but keeping your money boring is what helps
- 6:26Speaker 7: you live or more happily fulfilled life. P and C
- 6:29Speaker 7: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
- 6:34Speaker 7: eighteen sixty five is a service mark of the PNC
- 6:37Speaker 7: Financial Service Group, Inc. P and C Bank National Association
- 6:41Speaker 7: Member FDIC Ernest What's up? You ever walk into a
- 6:47Speaker 7: small business and everything just works like The checkout is fast,
- 6:51Speaker 7: the receipts are digital, tipping is a breeze, and you're
- 6:55Speaker 7: out the door before the line even builds Odds are
- 6:58Speaker 7: they're using Square? We love supporting businesses that run on
- 7:01Speaker 7: Square because it just feels seamless. Whether it's a local
- 7:04Speaker 7: coffee shop, a vendor at a pop up market, or
- 7:07Speaker 7: even one of our merch partners. Square makes it easy
- 7:10Speaker 7: for them to take payments, manage inventory, and run their
- 7:14Speaker 7: business with confidence, all from one simple system. If you're
- 7:18Speaker 7: a business owner or even just thinking about launching something soon.
- 7:21Speaker 7: Square is hands down one of the best tools out
- 7:24Speaker 7: there to help you start, run and grow. It's not
- 7:27Speaker 7: just about payments, it's about giving you time back so
- 7:30Speaker 7: you can focus on what matters most ready. To see
- 7:33Speaker 7: how Square can transform your business, visit Square dot com
- 7:37Speaker 7: backslash go backslash eyl to learn more. That's Square dot
- 7:42Speaker 7: com backslash, go backslash eyl. Don't wait, don't hesitate. Let's
- 7:47Speaker 7: Square handle the back end so you can keep pushing
- 7:49Speaker 7: your vision forward.
- 7:52Speaker 1: An illegal alien from Guatemala charged with raping a child
- 7:56Speaker 1: in Massachusetts. An MS thirteen gang member from else accused
- 8:01Speaker 1: of murdering a Texas. Man of Venezuelan charged with filming
- 8:05Speaker 1: and selling child pornography in Michigan. These are just some
- 8:09Speaker 1: of the heinous migrant criminals caught because of President Donald J.
- 8:13Speaker 1: Trump's leadership. I'm Christy Noman, the United States Secretary of
- 8:16Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
- 8:21Speaker 1: at the lowest levels ever recorded, and over one hundred
- 8:25Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
- 8:29Speaker 1: your next you will be fined nearly one thousand dollars
- 8:32Speaker 1: a day. Imprisoned and deported, you will never return. But
- 8:37Speaker 1: if you register using our CBP home app and leave now,
- 8:41Speaker 1: you could be allowed to return legally. Do what's right.
- 8:44Speaker 1: Leave now. Under President Trump America's laws, border and families will.
- 8:50Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
- 8:53Speaker 4: Times of uncertainty in these wars as happening, and these
- 8:56Speaker 4: commodities get locked up over wars, then the digital go
- 9:00Speaker 4: oh becomes the new gold, right we sure, I'm sure
- 9:02Speaker 4: we're going to see some fluctuation and gold price, even
- 9:05Speaker 4: though they continue to keep that down. So for me,
- 9:08Speaker 4: the future of crypto, you know, depends on the future
- 9:11Speaker 4: of you know, the the global economy and the new
- 9:16Speaker 4: world order, if you will, and where all things go.
- 9:19Speaker 4: But I can say, you know, with a bit of
- 9:22Speaker 4: certainty that it ain't going nowhere, and that everybody should
- 9:25Speaker 4: be diversified and have a percentage of their portfolio depending
- 9:28Speaker 4: on what they believe they rich tolerance is for it,
- 9:31Speaker 4: you know, And cryptocurrency, yeah.
- 9:34Speaker 6: And I will say, if you truly believe in bitcoin,
- 9:37Speaker 6: I'm not the foremost crypto expert in the world, even
- 9:39Speaker 6: though I was in there in twenty fifteen or Matt
- 9:41Speaker 6: Will told me about it at Facebook. You may have
- 9:46Speaker 6: three or four years before you get priced out of it.
- 9:49Speaker 6: I keep saying, Larry Fink is on TV shout out
- 9:53Speaker 6: to Time staff for black.
- 9:54Speaker 2: Rock talking this book.
- 9:56Speaker 6: Now that this is going to be institutionalized, it's going
- 9:59Speaker 6: to be take making away from the people, and we're
- 10:01Speaker 6: going to be priced out of it, much like a
- 10:03Speaker 6: lot of the property in.
- 10:05Speaker 2: The United States.
- 10:06Speaker 6: You believe in it, I will say, stack up on
- 10:08Speaker 6: it now before it's too late, because once you get
- 10:12Speaker 6: a lot of these ets rolling and you get a
- 10:14Speaker 6: lot of more institutional buying in, you're going to get
- 10:17Speaker 6: priced out until they have like fractional reserve shares that
- 10:21Speaker 6: you can buy.
- 10:22Speaker 7: When you say priced out, are you referring to bitcoin
- 10:26Speaker 7: specifically or inalcifically, Yeah, Keys, I pose the question in
- 10:32Speaker 7: terms of the space because I know, as you said cryptocurrency,
- 10:34Speaker 7: you weren't very specific about just bitcoin, because you don't
- 10:36Speaker 7: really hear people talking about outside of the you know,
- 10:39Speaker 7: the sec case with XRP. We don't hear people talking
- 10:41Speaker 7: about Cardona. We don't hear people talking as much about
- 10:44Speaker 7: Solana and Polygonald all these other art coins, meaning anything
- 10:47Speaker 7: outside of bitcoin. What's your thoughts around people keeping their
- 10:51Speaker 7: eye and investing inside of those projects as well, or
- 10:55Speaker 7: is it still too early we need to see the
- 10:57Speaker 7: use case for those No.
- 10:59Speaker 4: I mean I think the use has been shown. It's
- 11:01Speaker 4: the industry that people are looking at, looking at the
- 11:04Speaker 4: strength of it. I think when Ian just brought up
- 11:07Speaker 4: a very good point, if people are priced out of that,
- 11:10Speaker 4: they're gonna look for other different places to put that
- 11:14Speaker 4: value in. Right, So we still talk about it there,
- 11:16Speaker 4: and we still talk about some of the top ones,
- 11:19Speaker 4: the ripples, the cardonas and things of that nature. I
- 11:23Speaker 4: think that you're probably going to have a better upside
- 11:26Speaker 4: on those just preciditwise if you find and so it's
- 11:32Speaker 4: the same thing of finding some of these micro ones
- 11:34Speaker 4: that aren't going to be in the news that you
- 11:36Speaker 4: may have to do some you know, investigation and some
- 11:39Speaker 4: research into whether there's some gaming ones. There's gonna be
- 11:43Speaker 4: a lot of interesting things. And this is where probably
- 11:45Speaker 4: is a good category of research gaming crypto. Right, So
- 11:50Speaker 4: let's say that whether it's NFTs or whether it's crypto,
- 11:53Speaker 4: if they're naturally integrated within these gaming systems, right, and
- 11:57Speaker 4: daily life and people are utilizing this money because they're
- 12:00Speaker 4: spending more time in the simulated reality, right, then that's
- 12:04Speaker 4: going to be a huge influx the same way people
- 12:07Speaker 4: have our little children have been spending your digital money
- 12:11Speaker 4: in the app store. If that transfers over to a cryptocurrency,
- 12:15Speaker 4: right because their game is on a blockchain, then you're
- 12:17Speaker 4: going to see an increase in money there. Right. I
- 12:20Speaker 4: think that it's smart to look at what nobody is looking.
- 12:24Speaker 5: Right.
- 12:25Speaker 6: I have to say that again because that's the key investment, Jill.
- 12:30Speaker 4: It is because you can't look at the news. We
- 12:32Speaker 4: know the news is not going to tell you where
- 12:33Speaker 4: to invest. Right when you're looking when nobody else is looking,
- 12:38Speaker 4: and that thing goes up, it becomes the news, which
- 12:40Speaker 4: is more time where you make your money. Right. And
- 12:43Speaker 4: so for me, it's like, if you want to be
- 12:46Speaker 4: serious about this thing, as he said, man, do your research,
- 12:49Speaker 4: Like is the easy money era is not here right now?
- 12:54Speaker 4: But the research money era, Oh, that's upon us and
- 12:58Speaker 4: it doesn't have to be tomorrow. And this is why
- 13:00Speaker 4: I'm telling people slow down, even myself with everything, Like
- 13:04Speaker 4: I'm moving slower, which makes me move faster, right, because
- 13:08Speaker 4: you get to make better moves, right, I have no
- 13:11Speaker 4: necessity to keep up with anybody, right, I'd rather move
- 13:15Speaker 4: at my pace because the world will constantly push you
- 13:18Speaker 4: to this, this, this, and you're missing so much. So instead,
- 13:23Speaker 4: this is the research era, and you have research tools
- 13:25Speaker 4: at your disposal. So I would sit back, I would research.
- 13:29Speaker 4: I would craft a ten year plan. Why does it
- 13:32Speaker 4: make sense that these will go up if something changes
- 13:35Speaker 4: in the world, Change your plan, change your strategy. Right,
- 13:39Speaker 4: But I think you can right now go start looking
- 13:42Speaker 4: at things that nobody is seeing. That it's probably you know,
- 13:45Speaker 4: you can scoop up for you know, pennies on the dollar.
- 13:48Speaker 4: And if you hold those when it's to prop up man,
- 13:52Speaker 4: you can see yourself with a lot of money.
- 13:54Speaker 1: An illegal alien from Guatemala charged with raping a child
- 13:57Speaker 1: in Massachusetts. An MS thirteen member from Al Salvador accused
- 14:02Speaker 1: of murdering a Texas. Man of Venezuelan charged with filming
- 14:06Speaker 1: and selling child pornography in Michigan. These are just some
- 14:10Speaker 1: of the heinous migrant criminals caught because of President Donald J.
- 14:14Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of
- 14:18Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
- 14:22Speaker 1: at the lowest levels ever recorded, and over one hundred
- 14:26Speaker 1: thousand illegal aliens have been arrested. If you are here illegally,
- 14:30Speaker 1: your next you will be fine nearly one thousand dollars
- 14:34Speaker 1: a day, imprisoned, and deported. You will never return. But
- 14:38Speaker 1: if you register using our CBP home app and leave now,
- 14:42Speaker 1: you could be allowed to return legally. Do what's right.
- 14:45Speaker 1: Leave now. Under President Trump America's laws, border and families
- 14:51Speaker 1: will be protected.
- 14:51Speaker 2: Sponsored by the United States Department of Homeland Security,