Latest / Earn Your Leisure / Cliff Notes: COINBASE WILL CHANGE THE STOCK MARKET FOREVER

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Cliff Notes: COINBASE WILL CHANGE THE STOCK MARKET FOREVER · Earn Your Leisure

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  Speaker 4: Earners, what's going on?
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  Speaker 5: You are now locked in the cliff Notes, the number
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  Speaker 5: one place for investment strategies, tips and advice.
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  Speaker 2: They're gonna combine the best of both worlds crypto in
• 1:48
  Speaker 2: the stock market when Coinbase is making this IPO. If
• 1:51
  Speaker 2: anybody does know what Coinbase is, Coinbase is the premium
• 1:54
  Speaker 2: placing for Americans to buy a cryptocurrency. And now they're
• 2:00
  Speaker 2: making their stock market debut on Wednesday, highly anticipated.
• 2:08
  Speaker 4: They're saying one hundred billion.
• 2:09
  Speaker 3: Yeah, any thoughts on Coinbases ipo to the moon.
• 2:17
  Speaker 6: I don't have any other take. I know you guys
• 2:20
  Speaker 6: are gonna actually invest in it. Investment has risk, but
• 2:22
  Speaker 6: do I think it'll be a formative player. Absolutely, I
• 2:26
  Speaker 6: think it'll be one of the biggest when we look
• 2:28
  Speaker 6: back over this decade, if we are making a hard
• 2:30
  Speaker 6: transition to digital currencies, there, they are going to be
• 2:34
  Speaker 6: the number one player. I'm looking at them at like
• 2:36
  Speaker 6: a PayPal back in the day when they.
• 2:38
  Speaker 4: Were with comparison, good comparison.
• 2:41
  Speaker 6: I think Coinbase is going to be And some of
• 2:43
  Speaker 6: you know, like my little crypto horror stories, I tell
• 2:45
  Speaker 6: you I'm not I'm not biased. This is going to
• 2:47
  Speaker 6: be one of the biggest I think over the next
• 2:49
  Speaker 6: five years.
• 2:50
  Speaker 5: And you know what, I love it a couple of reasons.
• 2:54
  Speaker 5: But again I'm always like when I'm thinking about investing,
• 2:57
  Speaker 5: I'm like, what's Shody gonna ask me?
• 2:58
  Speaker 4: Why? How's it gonna not do this trade?
• 3:01
  Speaker 5: And so if you think about it, right, coin Base
• 3:04
  Speaker 5: the platform, how many ETFs are going to try to
• 3:07
  Speaker 5: grab this up?
• 3:10
  Speaker 4: Like, think about that. How many of them? All? Right?
• 3:14
  Speaker 6: All of them?
• 3:14
  Speaker 5: You got to think on a number of levels, Right,
• 3:16
  Speaker 5: If any ETF is in the blockchain space, they're gonna
• 3:20
  Speaker 5: definitely have to grab this up. If anyone is in
• 3:22
  Speaker 5: the fintech space, they're definitely gonna grab this up. And
• 3:26
  Speaker 5: so you two of the ones. We always talk about
• 3:28
  Speaker 5: it and we said it here. Block Obviously there's a
• 3:31
  Speaker 5: blockchain ETF. You think they're not going to add coin
• 3:34
  Speaker 5: base to their ETF at a large allocation. You think
• 3:37
  Speaker 5: Kathy Wood is not sitting at her desk thinking, hmmm,
• 3:40
  Speaker 5: this might fit in a ar k F. Right, this
• 3:44
  Speaker 5: is this has the potential to be exhume. But you
• 3:47
  Speaker 5: know what's even crazier is that on top of them
• 3:51
  Speaker 5: coming going public, it now opens the door for a
• 3:55
  Speaker 5: bigcoin ETF.
• 3:57
  Speaker 6: Think about that, which would be huge And can I
• 3:59
  Speaker 6: give my legitim that we never talked about before. Ahead
• 4:02
  Speaker 6: they got funded from y Combinator. Y Combinator has given
• 4:06
  Speaker 6: funded to damn all the best companies over the last
• 4:10
  Speaker 6: ten years.
• 4:12
  Speaker 4: This was not gonna be a miss.
• 4:14
  Speaker 6: Like, if they find the talent and funded, they have
• 4:17
  Speaker 6: a great chance. I want you guys to go to Google,
• 4:19
  Speaker 6: look at why Combinator and see who they funded quiz Time.
• 4:22
  Speaker 6: Who is why Combinator funded.
• 4:24
  Speaker 4: The last they've been listening. They should know we did
• 4:27
  Speaker 4: an episode on it. They should know you know.
• 4:30
  Speaker 2: We did an episode. Shout out to Oh my god,
• 4:33
  Speaker 2: my god, we had we come on.
• 4:36
  Speaker 4: We put in the show notes. Yeah, I know it's
• 4:38
  Speaker 4: like episode.
• 4:40
  Speaker 3: Guy he's a young man.
• 4:41
  Speaker 2: He got a gaming company and he got funded from
• 4:45
  Speaker 2: hy combinator and he first one actually came on.
• 4:48
  Speaker 3: EU y L and broke that down. That was months ago.
• 4:50
  Speaker 6: Yeah, shout out and another one big strike they're going
• 4:54
  Speaker 6: to be it's payment space coin base. But also did
• 4:59
  Speaker 6: you hear Peters take on uh Bitcoin that he thinks
• 5:05
  Speaker 6: it is almost like financial treason.
• 5:07
  Speaker 4: It was a very interesting.
• 5:08
  Speaker 3: Take financial treason.
• 5:10
  Speaker 6: Yeah, because if if that is a leading asset that
• 5:16
  Speaker 6: we're going to put all of our money into, and
• 5:18
  Speaker 6: it wasn't founded by us, and let's say it has
• 5:20
  Speaker 6: a Chinese founder, what if all of this is a
• 5:22
  Speaker 6: ploy to finish destroying the dollar?
• 5:25
  Speaker 4: Oil is gone.
• 5:26
  Speaker 6: So if now crypto becomes top of mind, top of
• 5:30
  Speaker 6: market share, and a wand gets pushed in, they can
• 5:32
  Speaker 6: make China go into it. The dollar gets destroyed, oilists
• 5:35
  Speaker 6: do one. Tesla is now taking off to the moon.
• 5:38
  Speaker 6: His case study is that maybe this was a act
• 5:41
  Speaker 6: of financial terrorism, uh to destroy the dollar.
• 5:45
  Speaker 4: It's a little bit deep.
• 5:46
  Speaker 3: Alex Jones.
• 5:51
  Speaker 4: Conspiracy.
• 5:55
  Speaker 3: It's I think it's.
• 5:56
  Speaker 6: Worth taking a peek at to see. Very interesting take
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  Speaker 6: and for those who don't know. Peter was one of
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  Speaker 6: Why the take was interesting too, and that's a good point.
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  Speaker 6: You should always look at the downside of every investment
• 9:04
  Speaker 6: that you going to make to see what's wrong with it,
• 9:07
  Speaker 6: and so you can make a case against yourself. But
• 9:09
  Speaker 6: I thought that take was very interesting and well well
• 9:13
  Speaker 6: thought out.
• 9:14
  Speaker 5: Yeah, yeah, I mean that's true, and so that's why again,
• 9:17
  Speaker 5: that's why I think that the safest way is to
• 9:20
  Speaker 5: do the bigcoin ETF And it sounds like it's far fetched,
• 9:22
  Speaker 5: but the two companies, so you know, I have to
• 9:25
  Speaker 5: dive into the research. I said, let me, let me
• 9:27
  Speaker 5: see who's invested in it. Like this would be so new, right,
• 9:29
  Speaker 5: this would be the easiest way to own bitcoin, because
• 9:31
  Speaker 5: even now when people invest in what they think in
• 9:33
  Speaker 5: the stock market is bitcoin, it really is. And it's
• 9:35
  Speaker 5: just portfolios that have exposure to bitcoin. This is completely different.
• 9:40
  Speaker 5: And so Low and Behold, who do you see who
• 9:42
  Speaker 5: has applied for bitcoin ETFs?
• 9:44
  Speaker 4: Who has put in the application?
• 9:46
  Speaker 5: Low and Behold Fidelity has applied as well as Vanak
• 9:49
  Speaker 5: And if you are in SMHS, you should know van.
• 9:52
  Speaker 4: Be Obviously it's a van vector ETFs. It's changed our lives.
• 9:56
  Speaker 4: Shout at the SMH.
• 9:57
  Speaker 5: But they've applied, and so it takes, like I read
• 9:59
  Speaker 5: up on this, it takes like forty five days for
• 10:00
  Speaker 5: the application to be reviewed and either it gets denied,
• 10:03
  Speaker 5: it gets approved, or it gets an extension. And so
• 10:05
  Speaker 5: obviously the sec is you know, old folks, and they
• 10:09
  Speaker 5: don't want new things happening, and so what they're most
• 10:12
  Speaker 5: likely will do is delay it, delay it delayed. I
• 10:14
  Speaker 5: think the farthest you can delay it out is like
• 10:15
  Speaker 5: two hundred and forty days. And so by twenty twenty
• 10:18
  Speaker 5: two we could be sitting here and having a bigcoin
• 10:21
  Speaker 5: ETF And wouldn't that just be a game changer.
• 10:24
  Speaker 2: Yeah, because they hear that the ETF. Now what's it
• 10:28
  Speaker 2: called that, GTDC. Yeah, that's that's a great, great scale.
• 10:32
  Speaker 2: It's more of an index fund in it where it
• 10:34
  Speaker 2: mirrors the movement bigcoin. But you don't actually own any
• 10:38
  Speaker 2: big coin if you're invested in that. Like I said,
• 10:40
  Speaker 2: it's just mirrors the movement of bigcoin, so this would
• 10:44
  Speaker 2: be something different. But yeah, I think it's just a
• 10:46
  Speaker 2: matter of time, not just bigcoin, but just cryptocurrency in general.
• 10:49
  Speaker 2: They'll have ETFs for crypto. It's crazy, the same way
• 10:53
  Speaker 2: they have ETFs for stocks.
• 10:56
  Speaker 4: That's gonna be great.
• 10:56
  Speaker 2: That's why I always say, like it's like, you know,
• 10:58
  Speaker 2: it's not you know, one of the other, and it's
• 11:01
  Speaker 2: like all of this stuff plays a part in each other.
• 11:03
  Speaker 2: And you know, you see cryptocurrency merging into the stock
• 11:06
  Speaker 2: market and vice versa, from ETFs, from coinbase going public,
• 11:12
  Speaker 2: from a variety of different things. So yeah, you know,
• 11:14
  Speaker 2: all of this stuff works together. So you need to
• 11:17
  Speaker 2: learn and be educated on all this stuff. You can't
• 11:19
  Speaker 2: just say, okay, I'll never learning about crypto because it's
• 11:22
  Speaker 2: here to stay. It's obvious and it's not like it's
• 11:25
  Speaker 2: a lone wolf. It's merging with you know, the much
• 11:29
  Speaker 2: larger big brother, which is the stock market.
• 11:31
  Speaker 5: They said, you know what they said, it was an
• 11:33
  Speaker 5: interesting article they said in two thousand and four, gd
• 11:35
  Speaker 5: X king right, and it changed the way that we
• 11:37
  Speaker 5: invested in gold. And so they see the same type
• 11:40
  Speaker 5: of potential with the invested in bitcoin ets. So that'd
• 11:43
  Speaker 5: be interesting to watch and definitely something that we're gonna
• 11:47
  Speaker 5: play a part in, no denying that.
• 11:49
  Speaker 6: Also, for those of you that are interested in marijuana
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  Speaker 6: and you've been waiting for the marijuana boom, you need
• 11:53
  Speaker 6: to look. We talked about it before. Look for the
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  Speaker 6: same process. So once institutional adoption happens and then there's legalization,
• 12:00
  Speaker 6: that would be our green light, and then invest before
• 12:03
  Speaker 6: that hoping.
• 12:04
  Speaker 4: It is a hoping and prayer.
• 12:06
  Speaker 6: But once the institutions that evolved, like we talked about
• 12:09
  Speaker 6: last year, that's what's causing them the push to go up,
• 12:12
  Speaker 6: and the institutions are getting involved because they need higher gains,
• 12:15
  Speaker 6: So we might pull that that's not there yet, but
• 12:17
  Speaker 6: the same process. Go study what happen with crypto and
• 12:21
  Speaker 6: why it's being adopted. But also we talked about the
• 12:24
  Speaker 6: fracture and based on a recession, fund managers needed gains
• 12:27
  Speaker 6: and bitcoin will give them to you. You can get
• 12:29
  Speaker 6: seven to twelve percent in an hour from time in crypto.
• 12:31
  Speaker 6: So if you can kind of tie those games into
• 12:33
  Speaker 6: the market, and if festibility there and enough managers hop
• 12:37
  Speaker 6: in bitcoin could move like nasdak and for those who
• 12:40
  Speaker 6: trade NASA like you know, how damn fast that they move,
• 12:43
  Speaker 6: It's gonna be very interesting to see over the next
• 12:45
  Speaker 6: five years.
• 12:45
  Speaker 2: So then we got to see if there's going to
• 12:47
  Speaker 2: be future contracts, if there's gonna be option contracts.
• 12:52
  Speaker 6: They already they have ethereum and bitcoin futures are already. Yeah,
• 12:57
  Speaker 6: so they already have been laying that pat they've just
• 12:59
  Speaker 6: been tired about it.
• 13:02
  Speaker 4: Land Track just draw down on a bitcoin the way
• 13:09
  Speaker 4: that down in.
• 13:10
  Speaker 6: The day, be careful, cry Shot had told me to.
• 13:17
  Speaker 6: We got to put the disclaimer on stream when we
• 13:19
  Speaker 6: talk about the bitcoin.
• 13:20
  Speaker 5: Et met and drop eighty.
• 13:24
  Speaker 4: I just got it nine minutes ago.
• 13:26
  Speaker 2: Doge coin, doge coin, op Field. Oh but guys, hey
• 13:31
  Speaker 2: a dollar doge coin for twenty twenty three.
• 13:33
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  Speaker 9: Now my graduates from my school being forced back drop bags,
• 13:54
  Speaker 9: Drop Mike, drop back, drop b Drop.
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