Latest / Earn Your Leisure / Cliff Notes: The Future of Bitcoin & Netflix

Transcript

Cliff Notes: The Future of Bitcoin & Netflix · 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, EYL
• 1:00
  Speaker 2: University is the biggest online platform for education, but it's
• 1:04
  Speaker 2: much much more. It's actually a community. Our private Facebook
• 1:08
  Speaker 2: group has over eight thousand members and twenty infinity groups.
• 1:11
  Speaker 2: The students teach themselves just as much as the professors do.
• 1:14
  Speaker 2: We have weekly webinars. We have over one hundred past webinars.
• 1:18
  Speaker 2: You get access to MG the Mortgage Guys Real Estate Blueprint.
• 1:21
  Speaker 2: You get access to monthly financial planning calls with yours Truly.
• 1:25
  Speaker 2: You get access to our monthly group chat, investment calls,
• 1:28
  Speaker 2: and much much more.
• 1:29
  Speaker 3: So.
• 1:30
  Speaker 2: Go to eyl university dot com right now and take
• 1:33
  Speaker 2: advantage of our limited offer blowout sales sixty five percent
• 1:37
  Speaker 2: off of the annual membership eyluniversity dot com right now
• 1:41
  Speaker 2: and become an earner.
• 1:42
  Speaker 4: Earners what's going on?
• 1:43
  Speaker 5: You are now locked in the cliff Notes, the number
• 1:44
  Speaker 5: one place for investment strategies, tips and advice.
• 1:47
  Speaker 2: One last word about crypto is dollar cost averaging. There's
• 1:52
  Speaker 2: one thing we talked about with Hill Harper yesterday and
• 1:53
  Speaker 2: he was like, you know, if every black family puts
• 1:56
  Speaker 2: five dollars a day into Bigcoin, he got like this
• 1:58
  Speaker 2: whole formula that he and he was like, it could
• 2:01
  Speaker 2: like raise the black wealth by like sixty billion something.
• 2:04
  Speaker 3: Yeah, the great.
• 2:05
  Speaker 5: It would be a great presenter, the greatest gainer of
• 2:07
  Speaker 5: wealth in the history of man.
• 2:10
  Speaker 3: Confidence.
• 2:10
  Speaker 2: That's something that I don't think people you can dollar
• 2:13
  Speaker 2: cost average with crypto and you buy a certain amount
• 2:19
  Speaker 2: every single month. But bitcoin, ethery and whatever you believe in,
• 2:22
  Speaker 2: but just buy it because over the course bitcoin I'm
• 2:26
  Speaker 2: on the b quality ones, Bitcoin will be two hundred
• 2:28
  Speaker 2: and fifty thousand dollars within the next couple of years.
• 2:33
  Speaker 3: High high probably high probability, high probability.
• 2:37
  Speaker 2: He actually broke it even down, even like bigcoin is
• 2:40
  Speaker 2: gonna get so high at one point, it's really gonna.
• 2:42
  Speaker 3: Be to Toi's.
• 2:43
  Speaker 2: That's really to She's is like fractions of bigcoin, and
• 2:46
  Speaker 2: that's what people are really gonna you know, that's the
• 2:50
  Speaker 2: use case even more than actual bitcoins, because bigcoin's bitcoin
• 2:53
  Speaker 2: is like five hundred thousand. It's like, you know, people
• 2:55
  Speaker 2: ain't really gonna be looking at it like that. It's
• 2:56
  Speaker 2: really just gonna be like go. He actually brought up
• 2:58
  Speaker 2: a lot of good analogies where it's like a bri
• 3:00
  Speaker 2: of goal. At one point, we actually used to look
• 3:01
  Speaker 2: at a brick of goal, how much is a brick
• 3:03
  Speaker 2: of goal worth? But now once the brick of goal
• 3:05
  Speaker 2: got so out of touch for most people financially, now
• 3:10
  Speaker 2: we measure goal by ounces. So now you go by
• 3:12
  Speaker 2: the ounce of goal. So he's his theory is that
• 3:14
  Speaker 2: once bitcoin reaches you know, six figures five hundred thousand,
• 3:19
  Speaker 2: we're gonna use Shatoshi's to Really we're gonna talk about
• 3:23
  Speaker 2: Shatochi's more than we talk about bitcoin, the same way
• 3:25
  Speaker 2: we talk about ounces of goal more than we talk
• 3:27
  Speaker 2: about a brick of goal.
• 3:28
  Speaker 5: Yeah, so each each bitcoin will have like I think
• 3:31
  Speaker 5: he said, something like a million Sutochi's inside. So I
• 3:34
  Speaker 5: think the supply was up to eighteen almost nineteen million.
• 3:38
  Speaker 4: Is that the number for bigcoin?
• 3:39
  Speaker 5: I believe so and so inside that you're going to
• 3:42
  Speaker 5: have Satoshi's coming from it. So he said, Actually he
• 3:45
  Speaker 5: went higher than two hundred and fifty. He said five thousand,
• 3:47
  Speaker 5: one hundred thousand man ten year period.
• 3:50
  Speaker 2: Well yeah, eventually, well I say two fifty, like within
• 3:52
  Speaker 2: the next couple five years.
• 3:54
  Speaker 3: Yeah, but it definitely aren't hit.
• 3:56
  Speaker 2: Yeah, I mean, it's one of these things where it's
• 3:57
  Speaker 2: no stopping the trainers.
• 4:02
  Speaker 6: On the consumer side, Like if you there aren't any
• 4:06
  Speaker 6: gains and people are not settling for seven to twelve percent,
• 4:10
  Speaker 6: and you need a higher you need like a iron
• 4:14
  Speaker 6: clin asset that's going to drive, like that's going to
• 4:17
  Speaker 6: be the predominant player. Like bitcoin is like the dial
• 4:19
  Speaker 6: of crypto, so it's the safest thing, more institutional buy in.
• 4:24
  Speaker 6: I can see that. But you guys got to be careful.
• 4:27
  Speaker 6: And I know we always say to your own research,
• 4:28
  Speaker 6: but master this als. We got other jobs and stuff,
• 4:31
  Speaker 6: but you have to put the time. This is the
• 4:33
  Speaker 6: most important job that you have.
• 4:34
  Speaker 4: Hey, real quick, real quick, he.
• 4:35
  Speaker 3: Said, well, just real quick, he said.
• 4:37
  Speaker 2: Another thing about bitcoin, I was interesting where it's like,
• 4:39
  Speaker 2: you know, a lot of you know, a lot of
• 4:41
  Speaker 2: fear has always been a government regulation, government regulation, and
• 4:45
  Speaker 2: it's like governments can shut it down. Governments can stop it.
• 4:47
  Speaker 2: And that's what happened in twenty eighteen and that really
• 4:49
  Speaker 2: hurt the market. But he was explaining to us how
• 4:51
  Speaker 2: in Nigeria bitcoin is illegal, but in Nigeria bigcoins iss
• 4:54
  Speaker 2: someing for eighty nine thousand. That's another thing too. People
• 4:56
  Speaker 2: don't realize bitcoin is different. They have different prices depending
• 5:00
  Speaker 2: on where you are in the world. So in Nigeria
• 5:02
  Speaker 2: bitcoin selling for eighty nine thousand dollars, even though it's
• 5:05
  Speaker 2: outlawed by the government, you can't stop it. Governments can't
• 5:07
  Speaker 2: stop it. And the reason why I sell it for
• 5:10
  Speaker 2: eighty nine thousand is because it's outlawed, so it's even harder.
• 5:13
  Speaker 2: But governments can't stop it. Nothing can stop crypto, pay
• 5:17
  Speaker 2: the pair of transaction. Nothing can stop crypto, and nothing
• 5:20
  Speaker 2: can stop Bigcoin. I'm on the record of saying.
• 5:22
  Speaker 5: That I just want to quick shout out, really quick,
• 5:24
  Speaker 5: because I was actually in a crypto class. Shout to
• 5:27
  Speaker 5: everybody in eyl University and everybody that was in the
• 5:29
  Speaker 5: crypto class, big shout to Alison. I watched this, this
• 5:32
  Speaker 5: gentleman teach every I mean, he broke down like even
• 5:37
  Speaker 5: how to make interest off investing in crypto.
• 5:39
  Speaker 3: Which was fascinating.
• 5:41
  Speaker 5: And I had known about pancake c ak e is
• 5:44
  Speaker 5: the ticket, but the way he broke it down was incredible,
• 5:47
  Speaker 5: Like you can make interest off of owning the asset,
• 5:51
  Speaker 5: and so that's a whole different game. It was an
• 5:53
  Speaker 5: advanced conversation and I was just happy to be part
• 5:55
  Speaker 5: of it. So shot shout to outside. I just want
• 5:57
  Speaker 5: to give him his project.
• 5:58
  Speaker 2: I remember we had that conversation with Jason Lewis in
• 6:00
  Speaker 2: twenty seventeen when he was saying, because that's what I
• 6:02
  Speaker 2: was talking about like bitcoin, Like, what's the right You
• 6:06
  Speaker 2: have all these bitcoins, but what are you gonna do.
• 6:07
  Speaker 2: I'm not selling bitcoin because I think it's gonna go
• 6:09
  Speaker 2: up in value, but lending. And that's what he was
• 6:11
  Speaker 2: talking and that's what Hill Harper was talking about with
• 6:14
  Speaker 2: Mike Novichak Novograph Novgrits is a bitcoin billion and one
• 6:20
  Speaker 2: of the three. He's a bigcoin billionaire. And there's only
• 6:23
  Speaker 2: a few of them in America. Remember I said that
• 6:26
  Speaker 2: you know who I know.
• 6:29
  Speaker 3: GBTC.
• 6:30
  Speaker 6: For those of you who are looking at the state,
• 6:31
  Speaker 6: thirty seven seventy seven is not a bad place to
• 6:33
  Speaker 6: get in on the house.
• 6:36
  Speaker 3: I said it.
• 6:38
  Speaker 5: This episode is brought to you by P and C Bank.
• 6:40
  Speaker 5: A lot of people think podcasts about work are boring,
• 6:43
  Speaker 5: and sure they definitely can be. But understanding of professionals
• 6:47
  Speaker 5: routine shows us how they achieve their success little by little,
• 6:51
  Speaker 5: day after day. It's like banking with P and C Bank.
• 6:55
  Speaker 5: It might seem boring to save, plan and make calculated
• 6:58
  Speaker 5: decisions with your bank, keeping your money. Boring is what
• 7:01
  Speaker 5: helps you live or more happily fulfilled life. P and
• 7:04
  Speaker 5: C Bank brilliantly boring since eighteen sixty five, brilliantly boring
• 7:09
  Speaker 5: since eighteen sixty five is a service mark of the
• 7:12
  Speaker 5: PNC Financial Service Group, Inc. P and C Bank National
• 7:16
  Speaker 5: Association member FDIC.
• 7:21
  Speaker 4: Erners What's Up?
• 7:22
  Speaker 5: You ever walk into a small business and everything just
• 7:24
  Speaker 5: works like the checkout is fast, the receipts are digital,
• 7:28
  Speaker 5: tipping is a breeze, and you're out the door before
• 7:31
  Speaker 5: the line even builds Odds are they're using Square? We
• 7:35
  Speaker 5: love supporting businesses that run on Square because it just
• 7:38
  Speaker 5: feels seamless.
• 7:39
  Speaker 4: Whether it's a local coffee.
• 7:40
  Speaker 5: Shop, a vendor at a pop up market, or even
• 7:43
  Speaker 5: one of our merch partners, Square makes it easy for
• 7:46
  Speaker 5: them to take payments, manage inventory, and run their business
• 7:49
  Speaker 5: with confidence, all from one simple system. If you're a
• 7:53
  Speaker 5: business owner or even just thinking about launching something soon,
• 7:57
  Speaker 5: Square is hands down one of the best tools out
• 7:59
  Speaker 5: there to help you start, run, and grow. It's not
• 8:03
  Speaker 5: just about payments, it's about giving you time back so
• 8:06
  Speaker 5: you can focus on what matters most Ready. To see
• 8:09
  Speaker 5: how Square can transform your business, visit Square dot com, backslash,
• 8:13
  Speaker 5: go backslash eyl to learn more. That's Square dot com, backslash,
• 8:18
  Speaker 5: go backslash eyl. Don't wait, don't hesitate. Let's square handle
• 8:23
  Speaker 5: the back end so you can keep pushing your vision forward.
• 8:29
  Speaker 7: Low's knows how to help make your home holiday ready
• 8:32
  Speaker 7: for less. Get select Style Selections vinyl flooring for just
• 8:36
  Speaker 7: a dollar ninety nine per square foot and have it
• 8:38
  Speaker 7: installed before the festivities begin. Our team can help you
• 8:41
  Speaker 7: every step of the way. See you Low's Red Best
• 8:44
  Speaker 7: Associate or visit lows dot com slash Holiday Installed to
• 8:47
  Speaker 7: get started. Lows we help you say basic install only.
• 8:51
  Speaker 7: DAT restrictions apply subject to availability installed by independent contractors.
• 8:55
  Speaker 7: See associate for details. Contiguous US only depending order, You'll
• 8:59
  Speaker 7: be good.
• 9:01
  Speaker 3: All right, Crystal Bulls coming out. We have talked about crypto.
• 9:04
  Speaker 3: I hope you guys as.
• 9:05
  Speaker 6: We have, and for those of you who are going
• 9:07
  Speaker 6: to watch later, I'm not changing my stance on anything.
• 9:10
  Speaker 6: The thing with that I want to show you is
• 9:11
  Speaker 6: how to invest in everything. I don't care if it's wheat, corn, palladium, platinum,
• 9:16
  Speaker 6: corn meal, donkey hoofs I don't like. You should know
• 9:19
  Speaker 6: how to price and plot it, and know what the
• 9:21
  Speaker 6: overall market value of market camp up it is, and
• 9:24
  Speaker 6: know how to be able to extrapolate money out of it.
• 9:26
  Speaker 6: Because what if a market does get locked up? So
• 9:30
  Speaker 6: I want you to be able to show you how
• 9:31
  Speaker 6: to work your way through anyone.
• 9:33
  Speaker 3: But yeah, let's get to it.
• 9:34
  Speaker 6: And then for those shout out to everybody's gonna ask questions,
• 9:37
  Speaker 6: you probably should ask about some stocks and entries, because
• 9:41
  Speaker 6: y'all didn't do that last week and I was.
• 9:42
  Speaker 3: Ready to go crazy. So pretty cursor, that's that fun.
• 9:46
  Speaker 4: Yeah, yeah, we're gonna talk about it in the earned support.
• 9:48
  Speaker 5: But yeah, everybody knows that I'm bullish, bullish on Disney
• 9:52
  Speaker 5: just because of everything they represent prior to Corona, but
• 9:55
  Speaker 5: even more so with the streaming service. And so tomorrow
• 9:58
  Speaker 5: Netflix is going to be reporting and I read an
• 10:00
  Speaker 5: interesting article about consolidation in the streaming service industry, and
• 10:04
  Speaker 5: so they set about thirty seven percent of people are
• 10:06
  Speaker 5: now and in their subscriptions because the space has gotten
• 10:10
  Speaker 5: so large, and so you got Amazon Prime, you got Disney,
• 10:12
  Speaker 5: you got Peacock, HBO, Max, Apple TV. And interestingly enough,
• 10:17
  Speaker 5: Netflix is about to report that they're going to have
• 10:20
  Speaker 5: six million new subscribers for the first quarter, which is
• 10:24
  Speaker 5: less than half, less than half. Think about this, less
• 10:26
  Speaker 5: than half than they had last last year. So they
• 10:28
  Speaker 5: had fifteen point eight million people subscribed. This year, they're
• 10:31
  Speaker 5: doing about six million, and so that's the interesting look
• 10:34
  Speaker 5: at what's happening in the streaming space. I'm very interested
• 10:38
  Speaker 5: to see how what Netflix does. I still believe in it.
• 10:41
  Speaker 5: I still believe that them and Disney obviously are the
• 10:43
  Speaker 5: one and two in the space, but that hard Amazon
• 10:49
  Speaker 5: Prime is making it hard.
• 10:51
  Speaker 3: Have you watched them? No? I can't. I couldn't. Yo,
• 10:55
  Speaker 3: what is it? What's it called them? Yeah? I couldn't.
• 11:00
  Speaker 3: The plight the plight? Yeah?
• 11:02
  Speaker 5: Ight?
• 11:02
  Speaker 3: What black people? Black? Yeah?
• 11:04
  Speaker 5: Yeah, Jordan Peel did it, So you know there's always
• 11:07
  Speaker 5: lessons inside.
• 11:07
  Speaker 3: Shout out to Jordan Peel, he's a legend.
• 11:10
  Speaker 5: Yeah, that's on Amazon problem. But all these streaming services
• 11:13
  Speaker 5: have came into the space, and now Netflix, which was
• 11:15
  Speaker 5: so far ahead, ten twelve years ahead of them, the
• 11:20
  Speaker 5: subscriptions have dwindled a little bit.
• 11:22
  Speaker 4: So I'll be interested to see what their what's your
• 11:24
  Speaker 4: thoughts here?
• 11:26
  Speaker 3: They are faced with a bunch of competition.
• 11:27
  Speaker 6: It's no different than any other service. Like, and I
• 11:30
  Speaker 6: put it earlier, like the ultimate competitive advantage that you
• 11:32
  Speaker 6: can have is have no competition, so you can build
• 11:36
  Speaker 6: a base and end up being a pioneer in the
• 11:37
  Speaker 6: space and end up not being the one who gets
• 11:41
  Speaker 6: the line share the market. They'll be great, I mean,
• 11:42
  Speaker 6: like my long target for Netflix is seven sixty one
• 11:52
  Speaker 6: oh five and three years hmm, So they'll be okay,
• 11:56
  Speaker 6: but they have.
• 11:57
  Speaker 3: Some serious pressure.
• 11:58
  Speaker 6: I mean, like Netflix is like but Disney looking like
• 12:01
  Speaker 6: little Baby, you know. So there's a lot of competition
• 12:05
  Speaker 6: that they're going to face and they're gonna give up.
• 12:07
  Speaker 6: And now if they have half the subscriber base as
• 12:11
  Speaker 6: prices and maybe they can do something, but the amount
• 12:14
  Speaker 6: of death they have taken on to make original content
• 12:18
  Speaker 6: that I think would be the thing that eventually will
• 12:21
  Speaker 6: take them down. Because if people don't know, it wasn't
• 12:23
  Speaker 6: Netflix alone that put Blockbuster out of business. It was
• 12:27
  Speaker 6: the debt that Blockbuster had that allowed Netflix to be
• 12:29
  Speaker 6: able to come in and then take that space. That's
• 12:32
  Speaker 6: why even in business, I'm like, no, debt is amazing.
• 12:35
  Speaker 6: I know, granted, like yo, debt, I get it, But
• 12:38
  Speaker 6: some of the biggest businesses have gotten taken over or
• 12:40
  Speaker 6: overrun or corporate takeovers have happened because there was too
• 12:43
  Speaker 6: much debt on the balance sheets and that's what killed blockbusters.
• 12:46
  Speaker 6: So it would be kind of interesting or a little
• 12:50
  Speaker 6: bit of karma if they died the same fate and
• 12:52
  Speaker 6: got put out of business for the same reason a blockbuster.
• 12:54
  Speaker 4: Did I stand corrected, I said, I said, join and
• 12:58
  Speaker 4: pill lead you a way.
• 13:00
  Speaker 3: Bill did not.
• 13:00
  Speaker 4: You didn't do.
• 13:01
  Speaker 3: It, did not? Thousand percent.
• 13:05
  Speaker 4: Shoutut to the shot another.
• 13:07
  Speaker 3: One of her great shows.
• 13:08
  Speaker 5: Yeah, but it's you know, it's a story about a family.
• 13:11
  Speaker 5: I won't give everything away, but they moved to Compton,
• 13:13
  Speaker 5: and so we think of Compton present day, it was
• 13:15
  Speaker 5: like predominantly black families. We think of obviously the people,
• 13:20
  Speaker 5: the great people have come from Compton, but it's interesting
• 13:21
  Speaker 5: to see the dynamics of how they've painted Compton in
• 13:24
  Speaker 5: the early twenties.
• 13:25
  Speaker 4: And so it's it's a tough watch, but interesting watch.
• 13:28
  Speaker 5: Nonetheless, there you have, Yeah, you know what, And to
• 13:32
  Speaker 5: add to what you said about Netflix, they're trying to
• 13:34
  Speaker 5: change up. So, like you said, they had to lease
• 13:36
  Speaker 5: a lot of their content early on, they're trying to
• 13:38
  Speaker 5: make new original content. I think that one of the
• 13:39
  Speaker 5: things they're going to do now is trying to make
• 13:41
  Speaker 5: weekly original content, which is something that they hadn't done.
• 13:43
  Speaker 5: They woul put seasons out, you watch them and then
• 13:45
  Speaker 5: you have to wait for the next show to come
• 13:47
  Speaker 5: out fart, and so one of those things that they're
• 13:49
  Speaker 5: trying to do it is a weekly original.
• 13:51
  Speaker 4: So we'll see, we'll see. They got to keep up,
• 13:54
  Speaker 4: they got to keep up.
• 13:54
  Speaker 5: Disney's not playing, and Hulu obviously, Hulu, Roku, all these
• 13:58
  Speaker 5: other services as well more extended conversation. Make sure to
• 14:01
  Speaker 5: check out our live YouTube show Market Monday's every Monday
• 14:05
  Speaker 5: eight pm Easter Standard time, seven pm Central, and check
• 14:08
  Speaker 5: out the Market Monday's podcast on iHeart, Spotify, Apple, wherever
• 14:12
  Speaker 5: you download your podcast.
• 14:13
  Speaker 3: Now. My graduates from my school being.
• 14:18
  Speaker 2: Forced back drop bag Drop Mike drop backdrop dropt.
• 14:34
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 14:38
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 14:42
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 14:46
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 14:50
  Speaker 1: some of the heinous migrant criminals caught because of President
• 14:54
  Speaker 1: Donald J. Trump's leadership. I'm Christine Noman, the United States
• 14:58
  Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border
• 15:03
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 15:06
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 15:10
  Speaker 1: are here illegally, your next you will be fine nearly
• 15:14
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 15:18
  Speaker 1: never return. But if you register using our CBP home
• 15:21
  Speaker 1: app and leave now, you could be allowed to return legally.
• 15:25
  Speaker 1: Do what's right, leave now. Under President Trump America's laws,
• 15:30
  Speaker 1: border and families will be protected.
• 15:32
  Speaker 4: Sponsored by the United States Department of Homeland Security,