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Building Wealth in Crypto: Tips for Beginners and the Next Generation of Investors · 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.
• 0:57
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 2: Let me ask you this.
• 1:01
  Speaker 3: As far as the crypto conversation, you guys obviously hold
• 1:07
  Speaker 3: a lot of bigcoin. I think you said seven billion
• 1:09
  Speaker 3: dollars in bitcoin right.
• 1:10
  Speaker 4: Well, our fund, our fund itself is we have seven
• 1:13
  Speaker 4: billion dollars in our management correctly.
• 1:16
  Speaker 3: For the whole crypto in the crypto.
• 1:18
  Speaker 4: In fact, and then we are then we use that
• 1:20
  Speaker 4: money to basically invest into the world's best companies were
• 1:23
  Speaker 4: in space.
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  Speaker 3: So all right, you guys, you guys are very bullish
• 1:28
  Speaker 3: on bitcoin. I'll follow it with Ian's question because I
• 1:33
  Speaker 3: think you might have forgot that part. But how long
• 1:35
  Speaker 3: do you plan on holding bitcoin? And what other cryptocurrencies
• 1:39
  Speaker 3: are you guys interested in or invested in, or like,
• 1:43
  Speaker 3: what's your thoughts on the cryptocurrency space for other coins
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  Speaker 3: x R P ethereum outside of you know, the big Boy,
• 1:51
  Speaker 3: which is a bitcoin.
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  Speaker 4: Look, I think that when you think about just the
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  Speaker 4: future of tokens, you know, one of the things that
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  Speaker 4: we're extremely excited about. So you have these things without
• 2:04
  Speaker 4: getting too technical, there's layer ones which are kind of
• 2:07
  Speaker 4: like many supercomputers that are built into the Internet. So
• 2:11
  Speaker 4: those are kind of like the ethereums of the world,
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  Speaker 4: the big cooins, the solanas, the you name it. Those
• 2:18
  Speaker 4: are the core ecosystems, right. But then one of the
• 2:22
  Speaker 4: things that what we're seeing continue to emerge and where
• 2:25
  Speaker 4: we're very excited in exploring is these what we call
• 2:29
  Speaker 4: like L two ecosystems, So they're built off of the
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  Speaker 4: Ethereum blockchain, and then you have you know, companies like
• 2:36
  Speaker 4: Polygon or Optimism or businesses like that, where now they're
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  Speaker 4: building their own eCos they're building their own technologies that
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  Speaker 4: are going to continue that you can build off of.
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  Speaker 4: So if you're a developer, you can build off of Optimism,
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  Speaker 4: you can build off of Polygon, you can build off
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  Speaker 4: of you know, Base, which is a company that product
• 2:56
  Speaker 4: and L two that Coinbase recently just did in partnership
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  Speaker 4: with Optimsy, and so that gives you the ability now
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  Speaker 4: to have to to leverage these layer ones, but more
• 3:07
  Speaker 4: so create new businesses that then can help scale the
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  Speaker 4: underlying infrastructure. And so these are businesses that we're always
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  Speaker 4: excited about and constantly seeing more and more of them involved.
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  Speaker 4: Another one that that we that I worked really closely
• 3:21
  Speaker 4: with was a company called ape coin youg Labs, and
• 3:24
  Speaker 4: then they launched an ape coin that's a layer two ecosystem,
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  Speaker 4: and so within that you know they have now you
• 3:32
  Speaker 4: can actually if you wanted to buy merch from the
• 3:35
  Speaker 4: from a from Yuga or the board apes or from
• 3:38
  Speaker 4: crypto punks or you name it. Instead of you just
• 3:40
  Speaker 4: spending US dollars and you spending ethereum, now you can
• 3:45
  Speaker 4: actually use their own currency. And I think that's that's
• 3:48
  Speaker 4: extremely exciting because now you're going to start to see
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  Speaker 4: these interoperable layer, these interoperable economies that are going to
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  Speaker 4: start to come off where traditionally, in a you know,
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  Speaker 4: uh dollar uh you know currency situation, it's only based
• 4:04
  Speaker 4: off of US dollars. So at some point there could
• 4:07
  Speaker 4: be an ey L token and now if you want
• 4:10
  Speaker 4: to go to the next ey L show or the
• 4:12
  Speaker 4: next conference, the only way in order to purchase that
• 4:14
  Speaker 4: is with your own economy. And so and these are
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  Speaker 4: things that are extremely exciting because this is where the
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  Speaker 4: future of Web three evolves. But it's super important for
• 4:25
  Speaker 4: us to continually making it as easy as possible because
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  Speaker 4: I know this is a super technical discussion in terms
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  Speaker 4: of like where the possibilities are, but once it actually
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  Speaker 4: gets to what I kind of call the application layer,
• 4:40
  Speaker 4: and you know, quote unquote hiding the wires where you
• 4:42
  Speaker 4: might not in the next couple of years you're going
• 4:45
  Speaker 4: to be using crypto and not even knowing that you're
• 4:48
  Speaker 4: actually you know, interacting with the blockchain. I mean a
• 4:50
  Speaker 4: good example that we talked about was kind of know
• 4:53
  Speaker 4: how the history of of the GPS system, right like
• 4:59
  Speaker 4: when when you use GPS, you don't think, oh, I'm
• 5:02
  Speaker 4: about to interact with this GPS technology. You're like, yo,
• 5:04
  Speaker 4: I need to figure out how to get to the
• 5:06
  Speaker 4: nearest Starbucks or I'm trying to go to the work tonight,
• 5:08
  Speaker 4: Like how do how? How do I get how do
• 5:10
  Speaker 4: I get there? But there's actually a whole technology platform
• 5:15
  Speaker 4: and actually was co founded by a black woman as
• 5:17
  Speaker 4: well too, so back in the day. And so that
• 5:21
  Speaker 4: would that has created a whole new companies. I mean,
• 5:24
  Speaker 4: without GPS technology, there would be no Uber, there would
• 5:27
  Speaker 4: be no Lift, there would be you know, so many
• 5:29
  Speaker 4: platforms and companies that have built off of this underlying
• 5:32
  Speaker 4: technology and you didn't even know it, right, same thing
• 5:35
  Speaker 4: with email, like the SMPT is a actual protocol, Like
• 5:42
  Speaker 4: an email is really a protocol similar to a lot
• 5:44
  Speaker 4: of these protocols that are in Web three. And you
• 5:47
  Speaker 4: know that was it was super super complex for anybody
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  Speaker 4: to actually be able to use this. So by building
• 5:53
  Speaker 4: a simple system like a Gmail that you know, can
• 5:57
  Speaker 4: actually remove a lot of the infrastructure and a lot
• 5:59
  Speaker 4: of the wires and allow you just to interact on
• 6:02
  Speaker 4: a daily basis. That gives you the ability to create
• 6:05
  Speaker 4: brand new technologies. And so now when you think about
• 6:09
  Speaker 4: the next generation of crypto or Web three and having
• 6:12
  Speaker 4: these layer two applications, that it's very similar.
• 6:17
  Speaker 5: This episode is brought to you by P and C Bank.
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  Speaker 5: You ever walk into a small business and everything just
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• 8:07
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 8:10
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 8:15
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 8:19
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 8:23
  Speaker 1: some of the heinous migrant criminals caught because of President
• 8:27
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 8:30
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 8:35
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 8:39
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 8:42
  Speaker 1: are here illegally, your next you will be fined nearly
• 8:46
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 8:50
  Speaker 1: never return. But if you register using our CBP home
• 8:54
  Speaker 1: app and leave now, you could be allowed to return legally.
• 8:57
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 9:02
  Speaker 1: border and families will be protected.
• 9:05
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 9:07
  Speaker 4: It's thinking about that as the as the kind of
• 9:12
  Speaker 4: GPS of three point h right, and so people were
• 9:15
  Speaker 4: going to start to build these new platforms that you know,
• 9:18
  Speaker 4: the next social network will be able to allow you
• 9:21
  Speaker 4: to take your users and only have one logging and
• 9:24
  Speaker 4: be able to go from this platform to this platform
• 9:26
  Speaker 4: and still be able to migrate all your data and
• 9:29
  Speaker 4: have everything controlled on your personal keys. And I think
• 9:32
  Speaker 4: that that's really where the next generation is going to
• 9:34
  Speaker 4: move forward and where we're super excited about investing into
• 9:38
  Speaker 4: the next big company in the space, Chris.
• 9:41
  Speaker 6: So, if the next generation is going to move forward
• 9:43
  Speaker 6: in action, we need to be a part of it.
• 9:45
  Speaker 6: I always compare cryptocurrency to the aircraft that is taken
• 9:51
  Speaker 6: off and we can Yep, we can't at the gate.
• 9:54
  Speaker 4: But we can't do it. We can do it.
• 9:58
  Speaker 5: We got to have our boarding paths to this. So
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  Speaker 5: absolutely one of the things that the barriers that people
• 10:03
  Speaker 5: face is number one trust, Yeah, security and lack of
• 10:07
  Speaker 5: education around the space and so yes, a lot of
• 10:10
  Speaker 5: this conversation is a bit technical. So if somebody is
• 10:13
  Speaker 5: just getting introduced to the space, they're watching it now
• 10:16
  Speaker 5: because they've seen it being called it at twenty right,
• 10:18
  Speaker 5: it was going to go down to twenty Now it's
• 10:20
  Speaker 5: at forty one. Imagine people are saying, I don't want
• 10:23
  Speaker 5: to get left out. I'm going to invest Where should
• 10:25
  Speaker 5: people be getting their source of information right? Because there
• 10:28
  Speaker 5: is no textbook on this. I know we've had this
• 10:30
  Speaker 5: conversation before where, yes, you studied a lot, Where are
• 10:33
  Speaker 5: we going are we reading white papers? Which is like
• 10:36
  Speaker 5: telling what's happening and what are we doing to get
• 10:38
  Speaker 5: the information.
• 10:39
  Speaker 2: Where should we go?
• 10:40
  Speaker 4: Yeah, I mean, look, I mean I'm a big believer
• 10:44
  Speaker 4: of you know, one you can go to a sixteen
• 10:47
  Speaker 4: zecrypto dot com. I'm fortunate enough to work with the
• 10:51
  Speaker 4: greatest minds in all the crypto industry, and so we
• 10:55
  Speaker 4: have you know, daily blog posts and quotes and content
• 10:59
  Speaker 4: and go on our Twitter website. Like our team is
• 11:03
  Speaker 4: only delivers the facts and always wants to kind of
• 11:06
  Speaker 4: deliver where the future of the spaces are going. So
• 11:09
  Speaker 4: I would highly encourage you just to go to a
• 11:11
  Speaker 4: sixteen zcrypto dot com and you know, stay up to
• 11:14
  Speaker 4: speed in terms of you know, we have so much
• 11:16
  Speaker 4: content that if you end up reading all that information
• 11:19
  Speaker 4: and you know, like the back of your hand and
• 11:21
  Speaker 4: you're tired of reading it, you can please please email
• 11:24
  Speaker 4: me for a job application because we would love to
• 11:27
  Speaker 4: have you because that the amount of technical and you know,
• 11:31
  Speaker 4: professional resources there is extremely important. My partner, Chris Dixon,
• 11:36
  Speaker 4: he's also launching a book that's going to be out
• 11:38
  Speaker 4: next year which is titled ReadWrite Own and a lot
• 11:43
  Speaker 4: of it actually kind of goes after what you just said,
• 11:45
  Speaker 4: is that there's so much information and we actually heard
• 11:48
  Speaker 4: this when we would you know, go up to the
• 11:49
  Speaker 4: hill in d C. And they'd be, well, what book
• 11:51
  Speaker 4: should I read to get educated to learn about the
• 11:53
  Speaker 4: history of the space, And so like, he actually has
• 11:58
  Speaker 4: a book that's going to be coming out early next year,
• 12:00
  Speaker 4: and you can actually pre register it right now on
• 12:03
  Speaker 4: Amazon and we'll make sure you get a copy, and
• 12:06
  Speaker 4: maybe we can even figure out a way to do
• 12:08
  Speaker 4: something special with you know, with the EYL group and
• 12:12
  Speaker 4: in terms of making sure that we can kind of
• 12:13
  Speaker 4: do some sort of promotion, I don't know, we'll figure
• 12:15
  Speaker 4: it out and come on, let's let's talk about it.
• 12:19
  Speaker 4: But that's all that. You know, Chris is literally one
• 12:21
  Speaker 4: of the pioneers in the space, and he's going to
• 12:23
  Speaker 4: really deliver some great information. And so I highly encourage
• 12:27
  Speaker 4: you guys to check out that book when it comes out.
• 12:29
  Speaker 4: But the most fun thing for me personally is actually
• 12:33
  Speaker 4: just to go try and buy it, like, go try
• 12:36
  Speaker 4: and buy bitcoin, go try to like you know, minted
• 12:39
  Speaker 4: NFT and because it's really hard. It sounds hard at
• 12:43
  Speaker 4: first because most people have never done it before. And
• 12:47
  Speaker 4: then so like you know, once you buy fifty dollars
• 12:51
  Speaker 4: worth of bitcoin or mint one n f T. Then
• 12:54
  Speaker 4: all of a sudden, you just naturally start gravitating it
• 12:58
  Speaker 4: and washing it a little bit more, and then you like,
• 13:00
  Speaker 4: oh wow, my fifty dollars went to seventy five? What happened?
• 13:03
  Speaker 4: And then you might click on a news link and
• 13:04
  Speaker 4: then you'll see, you know that the ETF you know,
• 13:08
  Speaker 4: is getting closer or something that's just happened in the
• 13:10
  Speaker 4: regulatory space where there was new technology block, you know,
• 13:14
  Speaker 4: break that happened. Then a lot of people say they
• 13:18
  Speaker 4: don't understand crypto, but have also never even tried to
• 13:21
  Speaker 4: get into the actual application. It's like saying basketball is
• 13:24
  Speaker 4: hard and I never even dribbled the ball before, right,
• 13:27
  Speaker 4: And so the best way to actually get interested and
• 13:30
  Speaker 4: get into the space is to actually try it. And
• 13:33
  Speaker 4: if you don't know how to do it, I mean,
• 13:35
  Speaker 4: the easiest way to buy crypto right now that I recommend,
• 13:38
  Speaker 4: that's also the most secure and the most safe. And
• 13:41
  Speaker 4: then doing things the right way is through coinbase, and
• 13:44
  Speaker 4: you know, make sure that you have two factor authentication
• 13:47
  Speaker 4: so that you keep everything stored and safe and put
• 13:50
  Speaker 4: your money in a vault. They have a digital vault
• 13:52
  Speaker 4: that allows you to you have to have multiple passwords
• 13:55
  Speaker 4: and keys in order for anybody to actually take it out,
• 13:57
  Speaker 4: and so, you know, and then they also have great
• 14:00
  Speaker 4: info in news articles that they constantly post on their
• 14:03
  Speaker 4: website as well, And so these are just like little
• 14:06
  Speaker 4: simple things. But you know, once you get in down
• 14:09
  Speaker 4: the rabbit hole, it's kind of like the matrix, like
• 14:11
  Speaker 4: do you want to take the rip pill or the
• 14:12
  Speaker 4: blue pill? But once you realize that, oh wow, this
• 14:15
  Speaker 4: is a much different and better alternative than what the
• 14:19
  Speaker 4: current ecosystem has been doing, it's kind of hard to
• 14:21
  Speaker 4: go back.
• 14:22
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 14:26
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 14:30
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 14:34
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 14:38
  Speaker 1: some of the heinous migrant criminals caught because of President
• 14:42
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 14:46
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 14:50
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 14:54
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 14:57
  Speaker 1: were here illegally, your net next you will be fine
• 15:01
  Speaker 1: nearly one thousand dollars a day, imprisoned, and deported. You
• 15:05
  Speaker 1: will never return. But if you register using our CBP
• 15:09
  Speaker 1: home app and leave now, you could be allowed to
• 15:12
  Speaker 1: return legally. Do what's right. Leave now. Under President Trump
• 15:17
  Speaker 1: America's laws, border and families will be protected.
• 15:20
  Speaker 2: Sponsored by the United States Department of Homeland Security,