Latest / Earn Your Leisure / Professional Development: Crypto's Future: Bitcoin, Ethereum, and What's Next

Transcript

Professional Development: Crypto's Future: Bitcoin, Ethereum, and What's Next · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Is the collapse of FTX responsible for the suppression of
• 1:04
  Speaker 3: the crypto market and is now the time to load
• 1:08
  Speaker 3: the boat on crypto.
• 1:11
  Speaker 4: I definitely do believe that when.
• 1:15
  Speaker 3: The scandal broke out with FTX, it did have a
• 1:17
  Speaker 3: significant impact on crypto as a whole a whole if
• 1:21
  Speaker 3: you look at it, they were probably the number one
• 1:23
  Speaker 3: or number two promotional vehicle for crypto in addition to
• 1:27
  Speaker 3: being a market maker. Even though bigcoin has went up
• 1:29
  Speaker 3: a little bit over the last couple of weeks.
• 1:32
  Speaker 4: We cannot.
• 1:34
  Speaker 3: Take away the importance of Sam Bank mcfreed FTX and
• 1:38
  Speaker 3: what he meant to the crypto market.
• 1:40
  Speaker 4: So with their collapse, it did have an impact on
• 1:44
  Speaker 4: crypto and the belief overall.
• 1:46
  Speaker 3: Although the banks have been very clear have been suppressing
• 1:48
  Speaker 3: it so that they can take away all the value
• 1:51
  Speaker 3: for the next ten years. As they've ruined some markets,
• 1:54
  Speaker 3: now they see cryptos a potential exit for them.
• 1:57
  Speaker 4: So I do believe that.
• 2:00
  Speaker 3: FTX going down did have a negative impact on crypto
• 2:05
  Speaker 3: and the games that have not been present.
• 2:06
  Speaker 4: This year, we pretty much have been flat.
• 2:07
  Speaker 3: I mean bitcoin opened up at sixteen thousand and six
• 2:10
  Speaker 3: seventy five, we're at twenty two right now, but the
• 2:13
  Speaker 3: last two months have been a blood bath, and a
• 2:15
  Speaker 3: couple of year ago everyone was saying that it's going
• 2:18
  Speaker 3: to be anti inflationary and it's not tied to the
• 2:21
  Speaker 3: stock market, and we can see that it has been
• 2:23
  Speaker 3: tied a lot more.
• 2:24
  Speaker 4: But I do think now is the time to buy.
• 2:28
  Speaker 3: If bitcoin got to twenty four thousand, nine to seventeen,
• 2:31
  Speaker 3: that's the area I would want to buy in. Hopefully
• 2:33
  Speaker 3: by next year we'll be back to thirty four thousand,
• 2:36
  Speaker 3: but at that level of twenty four and some change,
• 2:38
  Speaker 3: I do like it for the long term.
• 2:42
  Speaker 4: Okay, what about ethereum.
• 2:46
  Speaker 5: What you're saying you see bitcoin at what number? I'm
• 2:49
  Speaker 5: clearing that twenty a little over twenty eight.
• 2:51
  Speaker 3: Thousand, yes, twenty If it goes down to twenty four
• 2:55
  Speaker 3: Oh okay, okay, yeah, that's where I would.
• 2:57
  Speaker 4: Want to want to buy in.
• 2:59
  Speaker 3: Yes, I like ethereum at fifteen eighty six fifty. Hopefully
• 3:04
  Speaker 3: by next year can be back to twenty seven nineteen.
• 3:08
  Speaker 3: So I think crypto will do well, unlike some shows
• 3:11
  Speaker 3: that are breaking up right now, but bitcoin and ethereum,
• 3:15
  Speaker 3: I'm long on pause for.
• 3:17
  Speaker 4: The considerable future. Yeah, yah ah, hire Man, you're fire.
• 3:21
  Speaker 5: Yeah, and you mentioned the buying time for crypto and
• 3:25
  Speaker 5: for those that are in the space. We've talked about
• 3:27
  Speaker 5: a little bit, but that bitcoin bitcoin having is happening
• 3:31
  Speaker 5: next year. I think around May or June, and so
• 3:34
  Speaker 5: is that it feels like this is that time, right
• 3:36
  Speaker 5: like if we watch bitcoin, we know this episode is
• 3:40
  Speaker 5: brought to you by P and C Bank. A lot
• 3:42
  Speaker 5: of people think podcasts about work are boring, and sure
• 3:45
  Speaker 5: they definitely can be, but understanding of professionals routine shows
• 3:49
  Speaker 5: us how they achieve their success little by little, day
• 3:53
  Speaker 5: after day. It's like banking with P and C Bank.
• 3:56
  Speaker 5: It might seem boring to safe plan and make calculated
• 3:59
  Speaker 5: decisions with your bank, but keeping your money boring is
• 4:02
  Speaker 5: what helps you live or more happily fulfilled life. P
• 4:06
  Speaker 5: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 4:11
  Speaker 5: Boring since eighteen sixty five is a service mark of
• 4:13
  Speaker 5: the PNC Financial Service Group, Inc. P and C Bank
• 4:17
  Speaker 5: National Association Member FDIC.
• 4:22
  Speaker 3: Erners.
• 4:23
  Speaker 2: What's up?
• 4:23
  Speaker 5: You ever walk into a small business and everything just
• 4:26
  Speaker 5: works like the checkout is fast, the receipts are digital,
• 4:29
  Speaker 5: tipping is a breeze, and you're out the door before
• 4:32
  Speaker 5: the line even builds. Odds are they're using Square? We
• 4:37
  Speaker 5: love supporting businesses that run on Square because it just
• 4:39
  Speaker 5: feels seamless, whether it's a local coffee shop, a vendor
• 4:43
  Speaker 5: at a pop up market, or even one of our
• 4:45
  Speaker 5: merch partners. Square makes it easy for them to take payments,
• 4:49
  Speaker 5: manage inventory, and run their business with confidence, all from
• 4:53
  Speaker 5: one simple system. If you're a business owner or even
• 4:56
  Speaker 5: just thinking about launching something soon, Square is hands down
• 5:00
  Speaker 5: one of the best tools out there to help you start,
• 5:02
  Speaker 5: run and grow. It's not just about payments, it's about
• 5:06
  Speaker 5: giving you time back so you can focus on what
• 5:08
  Speaker 5: matters most ready. To see how Square can transform your business,
• 5:12
  Speaker 5: visit Square dot com backslash go backslash eyl to learn
• 5:17
  Speaker 5: more that Square dot com backslash, go backslash eyl. Don't wait,
• 5:23
  Speaker 5: don't hesitate. Let's Square handle the back end so you
• 5:25
  Speaker 5: can keep pushing your vision forward.
• 5:29
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 5:33
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 5:37
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 5:41
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 5:45
  Speaker 1: some of the heinous migrant criminals caught because of President
• 5:49
  Speaker 1: Donald J. Trump's leadership. I'm Christine Nohm, the United States
• 5:53
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 5:57
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 6:01
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 6:04
  Speaker 1: were here illegally, you're next. You will be fine nearly
• 6:08
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 6:12
  Speaker 1: never return. But if you register using our CBP home
• 6:16
  Speaker 1: app and leave now, you could be allowed to return legally.
• 6:20
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws
• 6:25
  Speaker 1: border and families will be protected.
• 6:27
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 6:29
  Speaker 5: Bought moves in cycles, usually like a three to four
• 6:32
  Speaker 5: year cycle. And so you tell a story about when
• 6:35
  Speaker 5: you were in Asia, and that was twenty seventeen, right,
• 6:38
  Speaker 5: and so four years later, three to four years later,
• 6:40
  Speaker 5: as twenty twenty, we saw it appreciate, go up to twenty,
• 6:44
  Speaker 5: come all the way back down right during the pandemic,
• 6:46
  Speaker 5: we saw it at three thousand, shoot up to sixty,
• 6:49
  Speaker 5: pull aly back down to twenty. Are we in the
• 6:52
  Speaker 5: midst of that type of cycle happening now due to
• 6:55
  Speaker 5: the having that taken place next year? Are we right
• 6:58
  Speaker 5: at that doorstep where it was like, if we're interested
• 7:00
  Speaker 5: in crypto, we're interested in bitcoin.
• 7:02
  Speaker 4: This this is our segue.
• 7:04
  Speaker 3: Yeah, this is the time I would pick it up,
• 7:06
  Speaker 3: right before all the institutions get heavier in the space.
• 7:10
  Speaker 3: Like Larry you think it's openly talking this book about
• 7:13
  Speaker 3: how much he lives bitcoin and crypto, which is the
• 7:16
  Speaker 3: opposite of what Jamie did in twenty seventeen or twenty
• 7:20
  Speaker 3: sixteen on behalf of JP Morgan. So I think it's
• 7:23
  Speaker 3: definitely not the time to get in. Anytime you look
• 7:26
  Speaker 3: over a four or five year horizon, you're going to
• 7:28
  Speaker 3: be okay. But while it's flat here back in the
• 7:31
  Speaker 3: twenty range twenty eight thousand range, this would be a
• 7:34
  Speaker 3: good time to accumulate that xrp ethereum for the long term.
• 7:41
  Speaker 5: Yeah, this is like one of those scenarios that high
• 7:43
  Speaker 5: hide higher lows. So if sixty was the high we do,
• 7:49
  Speaker 5: we think it can go higher than that on this
• 7:51
  Speaker 5: run if all.
• 7:53
  Speaker 4: The institutions get involved in it.
• 7:55
  Speaker 3: And because market dynamics remain true in every field, what
• 8:00
  Speaker 3: pushed it up. I mean, of course on the back end,
• 8:02
  Speaker 3: like the retail environment being interested in it helped, but
• 8:06
  Speaker 3: it was really the vcas and institutions that were really
• 8:09
  Speaker 3: pushing it to go up. Notice like when they started
• 8:11
  Speaker 3: to exit around forty five and fifty, when it finally
• 8:14
  Speaker 3: got to sixty nine, it began to tople there were
• 8:17
  Speaker 3: no more buyers. In order for a market to continue
• 8:19
  Speaker 3: to go higher, you need people to buy it. The
• 8:22
  Speaker 3: thing that would help is if, of course the spot
• 8:25
  Speaker 3: ETF would help.
• 8:27
  Speaker 4: More futures trading would help. But if it became.
• 8:31
  Speaker 3: By law mandatory that it had to be implemented four
• 8:34
  Speaker 3: one K plans, that will push it to one hundred thousand.
• 8:38
  Speaker 3: The thing that will prevent us to stock market in
• 8:41
  Speaker 3: general from going through like a great depression, which we
• 8:44
  Speaker 3: will talk about later, is that there's a law that
• 8:47
  Speaker 3: certain amount of companies have to buy these stocks to
• 8:49
  Speaker 3: put them in a four one K plan or step iry,
• 8:52
  Speaker 3: so there's enough liquidity there for the stock market to
• 8:54
  Speaker 3: keep it afloat. We haven't seen something like that for
• 8:56
  Speaker 3: bitcoin yet, but hopefully in the next ten years that
• 8:59
  Speaker 3: will be there. And then if these are enrolled into
• 9:02
  Speaker 3: employment for one K plans, it'll give.
• 9:04
  Speaker 4: It a lot more volume as well. For sure.
• 9:07
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 9:11
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador,
• 9:15
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 9:19
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 9:23
  Speaker 1: some of the heinous migrant criminals caught because of President
• 9:27
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 9:31
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 9:36
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 9:39
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 9:42
  Speaker 1: are here illegally, your next you will be fined nearly
• 9:46
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 9:50
  Speaker 1: never return. But if you register using our CBP home
• 9:54
  Speaker 1: app and leave now, you could be allowed to return legally.
• 9:58
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 10:03
  Speaker 1: border and families.
• 10:04
  Speaker 2: Will be protected. Sponsored by the United States Department of
• 10:07
  Speaker 2: Homeland Security.