Latest / Financial Survival Network / $800k Bitcoin, Really?! - Chris Berlin #6204

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$800k Bitcoin, Really?! - Chris Berlin #6204 · Financial Survival Network

• 0:00
  Speaker 1: That is absolutely the loftiest prediction that I've heard. But
• 0:04
  Speaker 1: the point, the underlying point in there is they're talking
• 0:09
  Speaker 1: about an omni caandle.
• 0:10
  Speaker 2: It's like a god candle where it is going to.
• 0:14
  Speaker 1: Travel in traverse sideways and there's going to be this
• 0:17
  Speaker 1: moment where everybody decides, oh, Saudi Arabia got in, Mexico
• 0:21
  Speaker 1: got in, Brazil got in, and these numbers. It will
• 0:26
  Speaker 1: become a race, a form of competition to establish dominance
• 0:31
  Speaker 1: in this new ecosystem.
• 0:33
  Speaker 3: You are listening to Carrie.
• 0:34
  Speaker 4: Let'sa's Financial Survival Network where you get valuable information you
• 0:39
  Speaker 4: just can't find anywhere else to thrive in today's trying times.
• 0:43
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• 0:48
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• 0:51
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• 1:01
  Speaker 3: And welcome.
• 1:02
  Speaker 5: You are listening to and watching the Financial Survival Network.
• 1:05
  Speaker 3: I'm your host, Carrie Lutz.
• 1:07
  Speaker 5: Hey, I was just on this gentleman's podcast last week
• 1:12
  Speaker 5: and we were both in about the same generation or
• 1:16
  Speaker 5: both the into crypto big time. His name is Chris Berlin. Chris,
• 1:22
  Speaker 5: great to have you back on the show. You find
• 1:23
  Speaker 5: him at Chris Berlin dot com and any questions or
• 1:28
  Speaker 5: comments shoot me an email kl at Carrie Lutz dot com. Chris, Hey,
• 1:33
  Speaker 5: you're a bitcoin enthusiast, proselytizer, missionary, whatever other terms you
• 1:42
  Speaker 5: want to use.
• 1:43
  Speaker 3: How did you begin this journey? You know, it's.
• 1:45
  Speaker 2: Interesting, you know, I mean, uh, let's go with the truth.
• 1:51
  Speaker 1: My introduction into crypto was to buy drugs on Selk
• 1:57
  Speaker 1: road full I'm at the time we were.
• 2:01
  Speaker 3: As a statute of limitations run That's what I want
• 2:04
  Speaker 3: to know.
• 2:05
  Speaker 2: Yeah, I mean yes, I mean one would hope, so,
• 2:08
  Speaker 2: one would hope.
• 2:09
  Speaker 3: So but.
• 2:11
  Speaker 2: Listen, I'm old.
• 2:12
  Speaker 1: Enough where I you know, I wear I wear, I
• 2:16
  Speaker 1: wear socks and slippers.
• 2:17
  Speaker 2: I don't care anymore, you know, like if you he'd
• 2:19
  Speaker 2: like it. That that's how it is.
• 2:21
  Speaker 1: But the introduction was was buying buying drugs on the internet.
• 2:26
  Speaker 1: And at the time we went uh to Brooklyn and
• 2:30
  Speaker 1: there was a guy and you could buy bitcoin and
• 2:34
  Speaker 1: you bought it on a spreadsheet, a piece of paper,
• 2:37
  Speaker 1: and you gave this guy money and he gave you
• 2:40
  Speaker 1: an address and he said, okay, you a bitcoin, and
• 2:42
  Speaker 1: you're like, what just happened? And you will go log
• 2:46
  Speaker 1: into this dark web website and you put in this
• 2:49
  Speaker 1: code and put whatever you want and it worked.
• 2:52
  Speaker 2: And I think.
• 2:54
  Speaker 1: That's where this term magic Internet money came in. And
• 2:58
  Speaker 1: it was it was brilliant, and it's a un fortunate this.
• 3:01
  Speaker 1: I mean, I was a kid, and so we were
• 3:05
  Speaker 1: experimenting with drugs and technology at the same time, and.
• 3:10
  Speaker 3: I'd not necessarily in that order.
• 3:12
  Speaker 1: Huh perrect excuse me, And a bunch of time passed
• 3:17
  Speaker 1: and I got away from Crypto.
• 3:19
  Speaker 2: I did not stay a part of it.
• 3:22
  Speaker 1: I did not circle back to Crypto until kind of
• 3:26
  Speaker 1: the digital art narrative stepped in toward the end of
• 3:30
  Speaker 1: nineteen or excuse me, twenty twenty and into twenty twenty one,
• 3:34
  Speaker 1: when it really started.
• 3:35
  Speaker 3: To pick up.
• 3:36
  Speaker 1: That brought my interest back into it. It became the
• 3:41
  Speaker 1: first equalizer I had seen for up and coming artists
• 3:45
  Speaker 1: to be recognized in the moment for their artwork and
• 3:49
  Speaker 1: get instant exposure to an audience that there was impossible
• 3:54
  Speaker 1: before this blockchain movement.
• 3:56
  Speaker 2: So I thought it was really interesting.
• 3:58
  Speaker 1: I was a touring music for years and in Hollywood, California.
• 4:04
  Speaker 1: It got to a point where it's interesting and I
• 4:09
  Speaker 1: lost my train of thought on exactly where I.
• 4:11
  Speaker 5: Was going with the musical, all right, but how you
• 4:14
  Speaker 5: got into bitcoins? So suffice it to say, you got
• 4:19
  Speaker 5: in uh where it's illicit applications, buying drugs on the
• 4:26
  Speaker 5: on the internet, on the dark the dark web once
• 4:30
  Speaker 5: upon a time. But now like bitcoin's done to one
• 4:34
  Speaker 5: to eighty, it's like totally legit. Here you got the
• 4:37
  Speaker 5: biggest names and finance in the world getting involved in it, ETFs,
• 4:42
  Speaker 5: you got options all this, and we've got the you know,
• 4:47
  Speaker 5: for those of you are not aware, there's only a
• 4:49
  Speaker 5: couple more million bitcoins that can be mined before that's if.
• 4:55
  Speaker 5: And you know the other thing, Chris, is that like
• 4:59
  Speaker 5: twenty five percent of all the bitcoin that's been mined
• 5:03
  Speaker 5: so far has been lost.
• 5:05
  Speaker 3: It's floating around there like uh.
• 5:08
  Speaker 6: And and to that point, there is also I think
• 5:11
  Speaker 6: still the largest holder is the Satoshi wallet, the creator wallet,
• 5:16
  Speaker 6: and it has never moved, so that people look at
• 5:20
  Speaker 6: that as part of the story and lore that is
• 5:25
  Speaker 6: locked up forever.
• 5:26
  Speaker 1: So that's that's it's really interesting. Oh, let me get
• 5:31
  Speaker 1: back to the music real quick. Yeah, I'm playing music
• 5:35
  Speaker 1: recording records you are taking advantage of by the record
• 5:39
  Speaker 1: companies period.
• 5:40
  Speaker 5: Your manager, Hey, your manager, everyone right, it's the business.
• 5:46
  Speaker 1: So it's part of being an artist is that middleman
• 5:50
  Speaker 1: is saying, hey, I can give you the exposure, but
• 5:54
  Speaker 1: it comes at a price. They have the key to
• 5:56
  Speaker 1: the door of exposure. Enter the blockchain and as an
• 6:00
  Speaker 1: an artist, you can now put your art on the
• 6:03
  Speaker 1: blockchain and you have instantaneous exposure to every art officionado
• 6:10
  Speaker 1: that happens to also be on the blockchain. So it
• 6:13
  Speaker 1: became the first means to enter this new arena with
• 6:20
  Speaker 1: no middleman. And even more importantly, if you decide to
• 6:24
  Speaker 1: sell your artwork, whether it's music or digital, and you
• 6:28
  Speaker 1: can even connect physical works to digital NFTs and sell those,
• 6:33
  Speaker 1: we can talk about that too. But you're dealing with
• 6:36
  Speaker 1: the collector. And this is where it's absolutely brilliant is
• 6:40
  Speaker 1: if a collector collects one of your art pieces, it's
• 6:43
  Speaker 1: in their digital wallet.
• 6:45
  Speaker 2: That's probably going to be the same they'll have forever.
• 6:48
  Speaker 1: Now as artist, I never lose contact with that collector
• 6:54
  Speaker 1: In five years, if I decide to do a collection,
• 6:57
  Speaker 1: I can look on chain and say, hey, this person
• 7:00
  Speaker 1: still holds my artwork in their wallet.
• 7:03
  Speaker 2: I can look to see where my artwork.
• 7:05
  Speaker 1: Is I can decide, Hey, I'm going to send each
• 7:07
  Speaker 1: of you my new artwork before I put it on
• 7:10
  Speaker 1: the market. So this connection, it comes through the blockchain,
• 7:15
  Speaker 1: there's no middleman. It's one to one. It's a game changer.
• 7:20
  Speaker 1: That's what, in my view, crypto brings to everybody. And
• 7:24
  Speaker 1: it's unfortunate that it got started on the silk road narrative, right,
• 7:29
  Speaker 1: but it has done a one eighty and we are
• 7:32
  Speaker 1: about to have a president step into power and he
• 7:36
  Speaker 1: is going to reinforce this narrative that it is no
• 7:40
  Speaker 1: longer something that is filled with deceit. We also have
• 7:45
  Speaker 1: people like Elizabeth Warren that, in my opinion, she throws
• 7:49
  Speaker 1: anything she can at crypto, child pornography, terrorism, drugs, whatever,
• 7:55
  Speaker 1: anything that will stick, and it's just smoking mirrors. It's
• 7:59
  Speaker 1: smoking mirrors. This crypto revolution, in my opinion, is here.
• 8:04
  Speaker 1: We are on the infancy stages. And you can gauge
• 8:08
  Speaker 1: that by the financial advisors that still do not offer
• 8:12
  Speaker 1: it to their clients. We when the door is so
• 8:16
  Speaker 1: close to opening, it really is.
• 8:19
  Speaker 3: All right, So what do you think is coming next? Here?
• 8:22
  Speaker 3: Have a pre call.
• 8:23
  Speaker 5: We were talking about the potential of the one analyst
• 8:27
  Speaker 5: saying eight hundred thousand dollars bitcoin by the end of
• 8:31
  Speaker 5: the twenty.
• 8:33
  Speaker 1: Five That is absolutely the loftiest prediction that I've heard.
• 8:38
  Speaker 1: But the point, the underlying point in there is they're
• 8:42
  Speaker 1: talking about an omni candle. It's like a god candle
• 8:46
  Speaker 1: where it is going to travel in traverse sideways and
• 8:50
  Speaker 1: there's going to be this moment where everybody decides, oh,
• 8:53
  Speaker 1: Saudi Arabia got in, Mexico got in, Brazil got in,
• 8:57
  Speaker 1: and these numbers. It will be come a race, a
• 9:02
  Speaker 1: form of competition to establish dominance in this new ecosystem.
• 9:07
  Speaker 2: I think many are waiting for.
• 9:09
  Speaker 1: It's almost like price confirmation, where you're waiting to make
• 9:13
  Speaker 1: sure it.
• 9:14
  Speaker 2: Goes up to buy this.
• 9:16
  Speaker 1: Before this, I've been screaming at friends and family since
• 9:21
  Speaker 1: thirty thousand dollars this cycle, please buy this, and you
• 9:24
  Speaker 1: can't convince them to buy Now that it's one hundred
• 9:27
  Speaker 1: and seven thousand dollars. Those same people are saying, hey, Chris,
• 9:30
  Speaker 1: should I buy this now? You should have bought it
• 9:33
  Speaker 1: at thirty thousand dollars. But yes, I think it is
• 9:38
  Speaker 1: a sound investment. And the other narrative that people don't
• 9:42
  Speaker 1: understand if you're not cryptosavvy is people think, okay, bitcoin
• 9:46
  Speaker 1: is one hundred and seven thousand dollars.
• 9:48
  Speaker 2: I can't afford that.
• 9:49
  Speaker 1: If you can afford to put ten dollars into big
• 9:52
  Speaker 1: so you can buy any amount of bitcoin you want
• 9:54
  Speaker 1: at any time. If you have a digital wallet, you
• 9:57
  Speaker 1: can go to coinbase and turn ten dollars cash to
• 10:00
  Speaker 1: bitcoin in a second. You could do that every Friday
• 10:04
  Speaker 1: for the next two years. It will change your life.
• 10:06
  Speaker 1: Ten years down the road.
• 10:08
  Speaker 2: Ten dollars every Friday will change your life. I'm telling you.
• 10:13
  Speaker 3: All right.
• 10:14
  Speaker 5: So what about other cryptos? Some of them are nothing
• 10:18
  Speaker 5: more than kleptocurrencies. There's thousands of them out there. What
• 10:22
  Speaker 5: about ethereum It's lagged Bitcoin to date. If Bitcoin's going
• 10:29
  Speaker 5: to eight hundred thousand, what is ethereum going to?
• 10:32
  Speaker 2: Now?
• 10:33
  Speaker 1: It's interesting, I do not so. In my view, ethereum
• 10:38
  Speaker 1: is the tail of bitcoin. How far that tail goes,
• 10:44
  Speaker 1: it's been consistent. What's interesting and important now is when
• 10:49
  Speaker 1: we look at technical analysis on cryptocurrency and bitcoin in particular,
• 10:54
  Speaker 1: we have just moved into a cycle that we can
• 10:58
  Speaker 1: no longer look back upon for chart patterns or analysis.
• 11:04
  Speaker 1: It is a brand new paradigm for the next three
• 11:09
  Speaker 1: to four years. When you throw in to the mix,
• 11:13
  Speaker 1: which nobody intended or calculated at the time, the ingredient
• 11:20
  Speaker 1: of artificial intelligence and how that is going to propel
• 11:24
  Speaker 1: us to work faster, smarter, quicker, more efficiently. Mix that
• 11:29
  Speaker 1: into cryptocurrency. The shift is going to be drastic. And
• 11:35
  Speaker 1: AI doesn't want cash AI. There are AI, So there's
• 11:40
  Speaker 1: a bunch of interesting stories and narratives where somebody created
• 11:45
  Speaker 1: an AI robot and gave it a wallet and said,
• 11:48
  Speaker 1: we're going to give you an account on X we
• 11:51
  Speaker 1: want you to go tweet a token and build hype
• 11:54
  Speaker 1: around it.
• 11:55
  Speaker 2: And it's action.
• 11:56
  Speaker 1: It's this robot has made millions of dollar on this
• 12:01
  Speaker 1: token and it's an interesting story. It's hilarious. It's is
• 12:06
  Speaker 1: it vaporware? Is it part of this mean cooin cycle
• 12:09
  Speaker 1: that people are saying is going to just disappear?
• 12:13
  Speaker 2: We can get into that, but yes, I do.
• 12:15
  Speaker 1: Think Ethereum is the backbone of decentralized finance. A Theoreum
• 12:21
  Speaker 1: has a bad rap at the moment because there are
• 12:23
  Speaker 1: gas fees, which they call it gway. So every transaction
• 12:28
  Speaker 1: on ethereum, some if it's a busy network day, you
• 12:31
  Speaker 1: could pay two hundred dollars in a gas fee Solana Swy.
• 12:35
  Speaker 2: They do not have those associated fees.
• 12:38
  Speaker 1: So the ease of use for some of these newer
• 12:41
  Speaker 1: blockchains have made Athereum less less less fun to work with.
• 12:48
  Speaker 1: In the short term, Ethereum has upgrades that are coming
• 12:51
  Speaker 1: down the pike. It is the backbone of decentralized finance.
• 12:54
  Speaker 1: Nothing will ever change that. So the fact that the
• 12:58
  Speaker 1: light is not on ethereum right now people are talking
• 13:01
  Speaker 1: about and buying bitcoin at the highest price it's ever been.
• 13:05
  Speaker 2: I think I love a theorem right now. I think etheroeum.
• 13:09
  Speaker 1: I think we definitely see etheroeum in the eight to
• 13:12
  Speaker 1: ten range by the.
• 13:13
  Speaker 5: End of twenty twenty five, all right, so it coin
• 13:17
  Speaker 5: will have gone up eightfold from where I do.
• 13:20
  Speaker 1: Is no, So I know that that's the that's the
• 13:24
  Speaker 1: that's the I love to entertain both sides, right. The
• 13:28
  Speaker 1: highest prediction I've heard recently is eight hundred thousand dollars,
• 13:32
  Speaker 1: and it's worth noting because it comes from somebody that
• 13:36
  Speaker 1: knows what they're talking about.
• 13:37
  Speaker 2: And these are all right, we're moving.
• 13:39
  Speaker 1: Into a cycle that we've never been in, so why
• 13:42
  Speaker 1: not go on wax and make a prediction, and why
• 13:45
  Speaker 1: not why not call it eight hundred thousand dollars to
• 13:48
  Speaker 1: get on everybody's podcast and become you know what.
• 13:52
  Speaker 2: Can You could be wrong, that's fine, but if you're.
• 13:54
  Speaker 1: Right, oh my goodness, think of the next four years
• 13:58
  Speaker 1: of your financial clients who called bitcoin at eight hundred.
• 14:02
  Speaker 1: I mean, those stories are really interesting. But I just
• 14:05
  Speaker 1: this narrative isn't going anywhere. It's not going anywhere. And
• 14:10
  Speaker 1: what's the most important part about this, I think is
• 14:15
  Speaker 1: oftentimes giant narratives like this change from the bottom up,
• 14:20
  Speaker 1: meaning the youth, as they gain power and get into government,
• 14:25
  Speaker 1: they begin to change the narrative. Crypto, we are having
• 14:29
  Speaker 1: the head of the free world step into power and
• 14:34
  Speaker 1: say this is going to be king.
• 14:37
  Speaker 2: That's what's just happened. And it's huge. It is huge,
• 14:43
  Speaker 2: It truly is all right.
• 14:45
  Speaker 5: Well, so yeah, we got bitcoin for addictions for two
• 14:50
  Speaker 5: thousand and five. Tom Lee predicts two point fifty K. Scaramucci,
• 14:55
  Speaker 5: he doesn't know anything, predicts two hundred thousand, one hundred
• 15:01
  Speaker 5: and eighty K.
• 15:02
  Speaker 3: They're all over the place here. Who are you going
• 15:04
  Speaker 3: to believe?
• 15:05
  Speaker 2: I don't know.
• 15:07
  Speaker 1: I think that what I do know is that I
• 15:11
  Speaker 1: look at the social movement right like charts are finding
• 15:15
  Speaker 1: stuff the social influence.
• 15:18
  Speaker 2: When when friends and family that know him in.
• 15:20
  Speaker 1: Crypto, when they begin to text me and email me
• 15:24
  Speaker 1: at one hundred and five thousand dollars bitcoin and say, hey,
• 15:28
  Speaker 1: should I be buying this right now?
• 15:30
  Speaker 2: Right enough?
• 15:32
  Speaker 1: People that are outside the loop of crypto are starting
• 15:37
  Speaker 1: to knock at my door. It hasn't happened yet, wait
• 15:40
  Speaker 1: till Trump gets in the White House.
• 15:42
  Speaker 2: So one of the interesting things is one of the
• 15:45
  Speaker 2: promises he made on day one of his presidency is
• 15:49
  Speaker 2: to free ross Albright right from Silk Road, the founder
• 15:53
  Speaker 2: of Silk Roads.
• 15:54
  Speaker 1: So he's doing a life sentence and he's a he's
• 15:58
  Speaker 1: a programmer, and yeah, like there's an interesting backstory. It's
• 16:01
  Speaker 1: well worth doing some research on because the narrative behind
• 16:04
  Speaker 1: it is it's it's it's it's history, and it's there's
• 16:09
  Speaker 1: some there's a great story in there.
• 16:11
  Speaker 2: So I advise everybody to check it out.
• 16:15
  Speaker 3: So what about the prospect.
• 16:16
  Speaker 5: Now, this got killed during Obama's administration when pretty much
• 16:25
  Speaker 5: Zuckerberg said that Facebook was going to issue their own crypto,
• 16:29
  Speaker 5: they'd pay all their vendors in it, they would re
• 16:33
  Speaker 5: accept it as payment. And I think it was Janet
• 16:36
  Speaker 5: Yellen who said no, no, you can't do that, and
• 16:38
  Speaker 5: that was killed. But that's coming, isn't it. I mean
• 16:42
  Speaker 5: Tesla will have it. Every major trillion dollar company will
• 16:47
  Speaker 5: have its own cryptocurrency, right.
• 16:50
  Speaker 2: You know that's a that's an interesting narrative.
• 16:53
  Speaker 1: I think, yes, I think I don't even believe it'll
• 16:58
  Speaker 1: be trillion dollar companies. And so to give you an
• 17:01
  Speaker 1: example today, there's there's a mechanism and it is called
• 17:07
  Speaker 1: pump dot fund and it is a place where people
• 17:10
  Speaker 1: go to launch mean coins, some mean coins that you
• 17:15
  Speaker 1: may have heard of recently, moodang.
• 17:17
  Speaker 3: Just to find a meme coin listening out there?
• 17:21
  Speaker 1: Yes, just so, so this is this is really interesting.
• 17:25
  Speaker 1: So we have we have the major cryptocurrencies like Bitcoin, Ethereum, Solana,
• 17:33
  Speaker 1: those they call.
• 17:34
  Speaker 2: Them the majors. They've been around for a minute.
• 17:38
  Speaker 1: Next, we moved into digital art and NFTs as this
• 17:42
  Speaker 1: new treatable asset, and it was fueled by speculation and
• 17:48
  Speaker 1: collectors liking art and.
• 17:52
  Speaker 2: Deciding there's value in this and it. If you guys
• 17:55
  Speaker 2: have ever heard of the artist people.
• 17:57
  Speaker 1: He was He's the highest paid living artists of all
• 18:02
  Speaker 1: time period. So he brought all of his art into
• 18:08
  Speaker 1: the digital realm and his collection had sold at Southeby's
• 18:12
  Speaker 1: I mean, he's is very famous artist and he shed
• 18:15
  Speaker 1: a lot of light on digital technology and he created
• 18:18
  Speaker 1: this NFT boom, and when cryptos started to fall, because
• 18:22
  Speaker 1: it's cyclical, the NFTs kind of fell. And around that time,
• 18:28
  Speaker 1: mean coins came in. And a mean coin is a
• 18:32
  Speaker 1: digital tradable asset just like any other cryptocurrency, but the
• 18:37
  Speaker 1: market cap begins at zero. So individuals are bored and
• 18:43
  Speaker 1: they want to gamble in essence, and they will go
• 18:45
  Speaker 1: through the Internet and they will find a meme. And
• 18:48
  Speaker 1: a meme is any picture that instantly makes you laugh, giggle,
• 18:54
  Speaker 1: right right, So this culture, right, the kids of today,
• 18:58
  Speaker 1: they live on the means everybody, I mean your phone emoji,
• 19:03
  Speaker 1: that's a meme.
• 19:04
  Speaker 2: That's a that's a meme.
• 19:06
  Speaker 1: So you find these memes and they give it a
• 19:09
  Speaker 1: funny name, and they create a token and they drop
• 19:13
  Speaker 1: it on the market and all of these other people
• 19:17
  Speaker 1: in cryptos see it and they're like, oh, that's funny,
• 19:19
  Speaker 1: I'm gonna buy this, and they get in super early
• 19:22
  Speaker 1: and some of these tokens go from zero to a
• 19:26
  Speaker 1: billion dollar market cap in a relatively short amount of time.
• 19:30
  Speaker 1: Is there any value behind it? There's nothing. It's vaporware.
• 19:34
  Speaker 1: It's it's a mechanism that people are using to gamble with,
• 19:39
  Speaker 1: But people are doing it. People go to casinos, people
• 19:42
  Speaker 1: play rolette and slot machines. It is no different. It
• 19:46
  Speaker 1: is the digital version of that. So when we talk
• 19:50
  Speaker 1: about how many coins have been minted today, and when
• 19:54
  Speaker 1: I say minted, I'm talking about the number of new
• 19:58
  Speaker 1: cryptocurrencies that we're created in the last twelve hours, twelve thousand,
• 20:03
  Speaker 1: four hundred and five new cryptocurrencies have been created already today.
• 20:10
  Speaker 1: So this is whether you like it or not, whether
• 20:14
  Speaker 1: you believe in digital assets as a thing. When we
• 20:17
  Speaker 1: look at a number like that and the volume we're
• 20:21
  Speaker 1: talking about, just to give you an idea, in the.
• 20:24
  Speaker 7: Last twenty four hours, we're talking about three hundred and
• 20:28
  Speaker 7: twenty million dollars worth of volume in the last twenty
• 20:32
  Speaker 7: four hours for this new gambling mechanism that's in its
• 20:36
  Speaker 7: infancy stage.
• 20:38
  Speaker 3: So it's who wants to be left holding the bag here?
• 20:42
  Speaker 5: You know, you could definitely become a bag holder, right.
• 20:46
  Speaker 1: Instantly people buy these things and you get absolutely wrecked.
• 20:51
  Speaker 1: The win loss ratio for participants is about one percent.
• 20:55
  Speaker 1: It's you have better odds going into a casino with
• 20:59
  Speaker 1: the same amount of money than you do playing this
• 21:02
  Speaker 1: mean coin game, and then.
• 21:03
  Speaker 3: Get better odds in the casino.
• 21:07
  Speaker 1: You know, And then you think that most of these traders,
• 21:10
  Speaker 1: they're very sophisticated. They're cryptosavvy, they have trading bots, they're
• 21:14
  Speaker 1: using algorithms. They have been creating code their entire life,
• 21:19
  Speaker 1: and now that there's this vehicle where they can put
• 21:23
  Speaker 1: their coding skills to work in this digital world. It
• 21:27
  Speaker 1: is a new world is emerging and the force of that,
• 21:33
  Speaker 1: that part will come from the bottom up. It's great
• 21:35
  Speaker 1: that Trump is going to advocate for crypto on the whole,
• 21:38
  Speaker 1: but the younger generation, these kids, what do kids do
• 21:42
  Speaker 1: that are in grade school or high school?
• 21:43
  Speaker 2: Do you study for your.
• 21:45
  Speaker 1: Your SATs to go to university or do you dial
• 21:50
  Speaker 1: into the computer and learn how to become a wonderful
• 21:54
  Speaker 1: prompt engineer. That's not even a thing anymore. You're going
• 21:56
  Speaker 1: to have your own artificial assistant. Everybody is, and it
• 22:01
  Speaker 1: will be you'll buy this assistant like you buy a car,
• 22:04
  Speaker 1: and it will.
• 22:05
  Speaker 2: Look through all of your social paths.
• 22:07
  Speaker 1: It will get to know exactly who you are, how
• 22:10
  Speaker 1: you operate, what you think about, and it will become
• 22:13
  Speaker 1: your best friend. It will look at your past life
• 22:16
  Speaker 1: mistakes and figure out, oh wow, this is when he
• 22:19
  Speaker 1: went off the rails.
• 22:21
  Speaker 2: I see this behavior. We're going to start.
• 22:23
  Speaker 3: When did you meet my wife? Here?
• 22:24
  Speaker 5: This is my ex wife. This is exactly what she did.
• 22:27
  Speaker 5: That's why I got rid of her.
• 22:30
  Speaker 2: This but you know these are going to be malleable.
• 22:33
  Speaker 1: These Hey, I'm done here in your lip, not anymore today.
• 22:37
  Speaker 2: You can tell me to not eat sweets tomorrow, but yeah,
• 22:40
  Speaker 2: screw off today.
• 22:41
  Speaker 5: So that's dat all right, man, lay This has been
• 22:45
  Speaker 5: a blast, Chris.
• 22:47
  Speaker 3: We'll definitely have you on again.
• 22:49
  Speaker 5: It's good to have somebody in the similar generation I
• 22:54
  Speaker 5: could relate to here because we're outliers. May my best friend,
• 22:58
  Speaker 5: oldest dearest friend. A couple of weeks ago, he told
• 23:02
  Speaker 5: me I think he was in an ETF or a
• 23:06
  Speaker 5: bitcoin ETF. He told me his holdings up to eight
• 23:10
  Speaker 5: hundred K. So now he's got to be a one
• 23:13
  Speaker 5: point two or three million and is like in a
• 23:16
  Speaker 5: matter of weeks here, you know, and I kind of
• 23:21
  Speaker 5: I've been buying it, but I didn't do the ETF
• 23:24
  Speaker 5: thing because I just thought it was a scam.
• 23:27
  Speaker 3: But now it's real. It's all about all.
• 23:31
  Speaker 5: The Wall Street getting in there is trying to stop
• 23:35
  Speaker 5: from being cut out as an intermediary because they get
• 23:38
  Speaker 5: their three percent and throwing enough money into this in
• 23:43
  Speaker 5: hopes they can manipulate the price, just like they do
• 23:46
  Speaker 5: to the price of gold and silver and every other
• 23:49
  Speaker 5: commodity in the world. But the problem is we might
• 23:53
  Speaker 5: be they might be out game stopped on this one. Chris,
• 23:57
  Speaker 5: just tell us again, where do we find you? How
• 23:59
  Speaker 5: do we connect with you on the web?
• 24:01
  Speaker 2: Chris Berlin dot com.
• 24:03
  Speaker 1: My handle on x is beatbroker and my substack is
• 24:07
  Speaker 1: beetbroker dot substack dot com.
• 24:10
  Speaker 5: All right, the links in the show notes this interview
• 24:13
  Speaker 5: on Financial Survival Network dot com. And we just urge
• 24:17
  Speaker 5: you when you go there, please sign up for your
• 24:20
  Speaker 5: free newsletter like so many like over sixty thousand FSN
• 24:25
  Speaker 5: community members have done already. And if you've got a question,
• 24:28
  Speaker 5: comment for Chris myself kl Atcarrie lets dot com.
• 24:32
  Speaker 3: Chris, been a pleasure. We'll talk to you again soon.
• 24:35
  Speaker 2: It was awesome. Thank you so much.
• 24:37
  Speaker 4: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 24:41
  Speaker 4: solution to today's trying times. For the latest, go to
• 24:45
  Speaker 4: Financial Survival Network dot com. Financial Survival Network.
• 24:50
  Speaker 3: Now more than ever
• 25:00
  Speaker 1: K