Latest / Earn Your Leisure / Cliff Notes: The Bitcoin ETF (Should You Invest)

Transcript

Cliff Notes: The Bitcoin ETF (Should You Invest) · Earn Your Leisure

• 0:00
  Speaker 1: Hi, I'm Sherry Harris, owner of Life Source Water. As
• 0:03
  Speaker 1: a new grandmother in lifelong Californian, I care about what's
• 0:06
  Speaker 1: in the water my family uses every day. For over
• 0:09
  Speaker 1: forty years, our whole house water system has protected Bay
• 0:12
  Speaker 1: Area families with filtered water from every tap. Now we're
• 0:15
  Speaker 1: offering a double dip in savings free basic installation plus
• 0:19
  Speaker 1: an extra two hundred and fifty dollars off. That's up
• 0:22
  Speaker 1: to twelve hundred dollars in savings. Call our factory at
• 0:25
  Speaker 1: one eight hundred Water ninety nine or visit Life Sourcewater
• 0:28
  Speaker 1: dot com. Hurry offer in September thirty.
• 0:30
  Speaker 2: Warranty limitations apply.
• 0:31
  Speaker 3: But let's just talk about this bigcoin that's going to
• 0:35
  Speaker 3: be touched on it. But let's just talk about it
• 0:38
  Speaker 3: in a conversational format. So the bigcoin etf set to
• 0:42
  Speaker 3: debut tomorrow right on a New York stock exchange. Yeah,
• 0:47
  Speaker 3: this is extremely important to keep in mind. It is
• 0:50
  Speaker 3: not a pure bitcoin etf W. It's measured like in
• 0:54
  Speaker 3: like bitcoin is measure coin.
• 0:56
  Speaker 2: Future tied to the most important market there is.
• 0:59
  Speaker 3: Yeah, the futures market, So the Bitcoin futures. So a
• 1:03
  Speaker 3: lot of people bigcoin enthusiasts aren't really that happy about
• 1:07
  Speaker 3: it because they feel like it's not you know, a
• 1:09
  Speaker 3: pure you know ETF that is directly tied with bitcoin.
• 1:13
  Speaker 3: It's tied to the future on bigcoin. But nevertheless it's
• 1:16
  Speaker 3: still a big, big development. It's the first step in
• 1:20
  Speaker 3: the crypto space, a big development in the stock market space.
• 1:25
  Speaker 3: Different people have different opinions about it. So what is
• 1:28
  Speaker 3: what's your what's you guys opinions thoughts about it?
• 1:31
  Speaker 4: Yeah, I think it's it's a first step in the
• 1:34
  Speaker 4: long term vision of having the ETF that actually has
• 1:36
  Speaker 4: ties to the asset itself or assets in that class,
• 1:40
  Speaker 4: and that's kind of things we discussed what will it
• 1:42
  Speaker 4: do to the future price of it? And so, like
• 1:45
  Speaker 4: Ian said in his presentation, I think he laid it
• 1:47
  Speaker 4: up pretty perfectly. We've seen November as a month where
• 1:50
  Speaker 4: we've seen bigcoin rise before. In fact, we spoke about together.
• 1:53
  Speaker 4: When you initially invested in bitcoin, it.
• 1:56
  Speaker 3: Was in November's six six thousand dollars.
• 1:59
  Speaker 4: Yeah, I think might have been sixty five hundred hundred.
• 2:01
  Speaker 2: We can't show that five.
• 2:02
  Speaker 3: Hundred, you know, I'm saying how much.
• 2:04
  Speaker 2: Oh, that's one of the awesome costs.
• 2:05
  Speaker 3: Yeah, point with sixty six thousand dollars at the time
• 2:08
  Speaker 3: with investment. Now now it's six sixty one.
• 2:12
  Speaker 2: How do you think I feel in twenty thirteen, seven
• 2:15
  Speaker 2: eight hundred.
• 2:16
  Speaker 5: So it so.
• 2:17
  Speaker 4: Proach is uh is the fund that is opening tomorrow.
• 2:21
  Speaker 5: But we already spoke about a few weeks ago, maybe
• 2:23
  Speaker 5: a couple of months ago, that the Deli has applied.
• 2:25
  Speaker 5: A couple of other funds are going to be applying,
• 2:27
  Speaker 5: but Invesco, which is a huge fund, has pulled out
• 2:29
  Speaker 5: that application. And so the more funds that get involved, obviously,
• 2:34
  Speaker 5: I mean, it could increase the price anywhere to I
• 2:37
  Speaker 5: don't know what we said seventy five. I could see
• 2:39
  Speaker 5: seventy five to eighty thousand. But we'll see what happens.
• 2:42
  Speaker 5: It's an interesting space that that's just how cryptocurrency is.
• 2:46
  Speaker 4: So we'll see.
• 2:47
  Speaker 3: What's your what's your thoughts?
• 2:49
  Speaker 6: You guys like Speed episode seven, you go check it out.
• 2:52
  Speaker 6: I told you what the move was. The futures market
• 2:54
  Speaker 6: tells you what the price of something that's going to be,
• 2:57
  Speaker 6: and the future is the most important market. So because
• 3:01
  Speaker 6: they couldn't get who they wanted to bring it forward
• 3:04
  Speaker 6: and get quote unquote true exposure.
• 3:07
  Speaker 2: This is a good first step, but you guys have
• 3:10
  Speaker 2: to pick.
• 3:11
  Speaker 6: Like, do you want a decentralized currency that says f
• 3:16
  Speaker 6: you to the government and the American currency and all that
• 3:18
  Speaker 6: that you guys be talking online, or do you want
• 3:20
  Speaker 6: an ETF like you have to pick. So if you
• 3:24
  Speaker 6: want it to be decentralized in a way to hide
• 3:27
  Speaker 6: money and open transactions, you can't have both ways.
• 3:31
  Speaker 2: And also, if you guys like.
• 3:32
  Speaker 6: The speed and growth of the market, if you've ever
• 3:34
  Speaker 6: traded futures, all my snipers please put sniper in chat.
• 3:38
  Speaker 6: If the Bitcoin future will have the volume that I
• 3:42
  Speaker 6: think it will over the next month, when you guys
• 3:44
  Speaker 6: get into the ETF, you're gonna.
• 3:46
  Speaker 2: Love the speed of it.
• 3:47
  Speaker 6: That's why I always tell you to compare draw down
• 3:49
  Speaker 6: versus what the growth is and that will tell you
• 3:52
  Speaker 6: when you should be able to get in. It's a
• 3:54
  Speaker 6: good first step, but I.
• 3:55
  Speaker 2: Think the games here will be pretty damn amazing.
• 3:57
  Speaker 6: I would not invest in it the first twenty third
• 4:00
  Speaker 6: unless you have experience.
• 4:01
  Speaker 2: But after that you guys would be safe. Guys would
• 4:05
  Speaker 2: be safe. You have it.
• 4:07
  Speaker 3: That is the bigcoin ETF. So let's talk about something
• 4:10
  Speaker 3: that was trend in today. I posted it on Instagram
• 4:16
  Speaker 3: and it miraculously went viral shortly after that. That ten
• 4:22
  Speaker 3: percent the top ten percent of the wealthiest people in
• 4:25
  Speaker 3: America on eighty nine percent of stocks our peatle I
• 4:32
  Speaker 3: mean the top ten percent of the wealth wealthiest people
• 4:38
  Speaker 3: in America eighty nine percent of the stocks. Well, that's
• 4:45
  Speaker 3: that's something.
• 4:46
  Speaker 2: That you.
• 4:48
  Speaker 7: Ernest.
• 4:49
  Speaker 5: What's up?
• 4:49
  Speaker 8: You ever walk into a small business and everything just
• 4:52
  Speaker 8: works like the checkout is fast, the receipts are digital,
• 4:55
  Speaker 8: tipping is a breeze, and you're out the door before
• 4:58
  Speaker 8: the line even builds. Odds are they're using Square. We
• 5:03
  Speaker 8: love supporting businesses that run on Square because it just
• 5:05
  Speaker 8: feels seamless. Whether it's a local coffee shop, a vendor
• 5:08
  Speaker 8: at a pop up market, or even one of our
• 5:11
  Speaker 8: merch partners. Square makes it easy for them to take payments,
• 5:15
  Speaker 8: manage inventory, and run their business with confidence, all from
• 5:19
  Speaker 8: one simple system. If you're a business owner or even
• 5:22
  Speaker 8: just thinking about launching something soon, Square is hands down
• 5:26
  Speaker 8: one of the best tools out there to help you start,
• 5:28
  Speaker 8: run and grow. It's not just about payments, it's about
• 5:32
  Speaker 8: giving you time back so you can focus on what
• 5:34
  Speaker 8: matters most ready to see how Square can transform your business,
• 5:38
  Speaker 8: visit Square dot com backslash, go backslash eyl to learn
• 5:43
  Speaker 8: more that Square dot Com backslash, go backslash eyl. Don't wait,
• 5:49
  Speaker 8: don't hesitate. Let's Square handle the back end so you
• 5:51
  Speaker 8: can keep pushing your vision forward. This episode is brought
• 5:58
  Speaker 8: to you by P and C Bank. Lot of people
• 6:00
  Speaker 8: think podcasts about work are boring, and sure, they definitely
• 6:04
  Speaker 8: can be, but understanding a professional's routine shows us how
• 6:07
  Speaker 8: they achieve their success little by little, day after day.
• 6:12
  Speaker 8: It's like banking with P and C Bank. It might
• 6:14
  Speaker 8: seem boring to save, plan and make calculated decisions with
• 6:17
  Speaker 8: your bank, but keeping your money boring is what helps
• 6:20
  Speaker 8: you live or more happily fulfilled life. P and C
• 6:24
  Speaker 8: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 6:29
  Speaker 8: eighteen sixty five is a service mark of the PNC
• 6:32
  Speaker 8: Financial Service Group, Inc. P and C Bank National Association
• 6:36
  Speaker 8: Member FDIC.
• 6:41
  Speaker 7: Lows knows You've got a job to do, and we
• 6:44
  Speaker 7: help get it done. With the milo's Pro Rewards Program,
• 6:47
  Speaker 7: eligible members save more with volume discounts on qualifying orders
• 6:52
  Speaker 7: through a quote of two thousand dollars or more. Join
• 6:55
  Speaker 7: for free today lows we help you save. Offer can't
• 7:00
  Speaker 7: be combined with any other discount contract and or a
• 7:02
  Speaker 7: special pricing exclusions. More terms and restrictions apply. Details and
• 7:06
  Speaker 7: those dot com slash terms subject to change.
• 7:09
  Speaker 3: Even really wills because I mean, we're we're in the
• 7:12
  Speaker 3: top ten percent. But do you think about it, So
• 7:15
  Speaker 3: it's not like it's it's not it's not.
• 7:20
  Speaker 2: True. You're smart.
• 7:22
  Speaker 3: I mean, it's not like, it's not really that hard.
• 7:25
  Speaker 3: It's not it's not like a magical Yeah, top ten
• 7:28
  Speaker 3: percent is not really that well, it's not that crazy.
• 7:31
  Speaker 3: But the long story short is this it's disturbing for
• 7:35
  Speaker 3: a few different reasons. And one of the reasons why
• 7:38
  Speaker 3: we created Market one days was to educate people and
• 7:41
  Speaker 3: continuously educate people to get into the stock market. Because
• 7:45
  Speaker 3: it's like, all right, if the top ten percent have
• 7:49
  Speaker 3: ninety percent of the stocks, that's tell loss. Right, it's
• 7:53
  Speaker 3: not a it's not a scam. It's not a pyramid scam,
• 7:56
  Speaker 3: it's not a scheme. It's not gambling. They're doing they
• 7:59
  Speaker 3: know what they're doing it doing it to make money.
• 8:02
  Speaker 3: So this is something that you know should motivate people
• 8:07
  Speaker 3: to level out the playing field a little bit, because
• 8:09
  Speaker 3: unfortunately it's only getting worse. That eighty nine percent numbers
• 8:12
  Speaker 3: are all time high, by the way, and.
• 8:14
  Speaker 2: It's gonna grows probably ninety seven within fifteen years.
• 8:17
  Speaker 3: So yeah, we are, we are making strides, but.
• 8:23
  Speaker 6: Not fast enough. I'll say, I'll say what he wants
• 8:25
  Speaker 6: to say. Stop bullshitting. This is why I'll tell you guys.
• 8:29
  Speaker 6: Stop arguing man, Stop the red pill high value man
• 8:33
  Speaker 6: thing with.
• 8:33
  Speaker 2: Kevin Samuels, Stop all the rap debates.
• 8:36
  Speaker 6: Stop who's better Kyrie versus Michael Beasley in the ninety
• 8:40
  Speaker 6: eight bro None of that matters.
• 8:43
  Speaker 2: None of that matters.
• 8:44
  Speaker 6: We are the only people and only culture that they
• 8:48
  Speaker 6: pit us against each other. And the thing that was
• 8:50
  Speaker 6: most interesting about the Facebook tobacco is that when they're
• 8:55
  Speaker 6: using this commentary and using these algorithms to make us right,
• 9:00
  Speaker 6: it is to monetize us on their platforms, and then
• 9:04
  Speaker 6: we go broke arguing with each other.
• 9:08
  Speaker 2: I've never seen eighty people will be like yo time, bradyvert.
• 9:13
  Speaker 6: It is to keep us distracted from the goal that
• 9:16
  Speaker 6: matters most, which is freedom. If you want to be free,
• 9:19
  Speaker 6: please put free in chat but who had the best
• 9:22
  Speaker 6: verse between Dirk and twenty one shout out that it
• 9:25
  Speaker 6: does not matter in the grand scheme of things. Dirt
• 9:28
  Speaker 6: got his family paid. It is your job to get
• 9:31
  Speaker 6: your family paid. I'm begged this while I'll say, no
• 9:34
  Speaker 6: one before us did this kind of show for free.
• 9:39
  Speaker 6: The only people that was at scale that was talking
• 9:41
  Speaker 6: about investing Bono and Josh Brown, Jim Kramer, Dave Ramsey.
• 9:47
  Speaker 6: Please put in chat who gave y'all better entries, better
• 9:50
  Speaker 6: companies and less losses than me?
• 9:53
  Speaker 2: But you know he's not spitting that, But you still
• 9:58
  Speaker 2: got to give him credit for he has a he
• 10:02
  Speaker 2: has a role of play.
• 10:03
  Speaker 3: But as this Susie Orman, Yeah, they not really provide
• 10:08
  Speaker 3: information like that.
• 10:09
  Speaker 9: They get.
• 10:11
  Speaker 3: Don't pick credit card debts and things like that. Like
• 10:13
  Speaker 3: I mean, like that's yeah, it's a little different, a
• 10:18
  Speaker 3: little different. It's a little different. Season is a little
• 10:20
  Speaker 3: a little spicy.
• 10:21
  Speaker 4: I would say it reminded me of the question that
• 10:23
  Speaker 4: we get asked pretty frequently when we go out to
• 10:26
  Speaker 4: the network in advance and we walked the streets. Is
• 10:29
  Speaker 4: I have a large amount of money, what should.
• 10:31
  Speaker 2: I do invested in the market?
• 10:34
  Speaker 4: You get that question all the time, and so I
• 10:35
  Speaker 4: saw that article is like dinging me. May mean, what
• 10:38
  Speaker 4: are the wealthiest people in the world doing? That's what
• 10:41
  Speaker 4: you should do, right, It's not like, wait, should I do?
• 10:44
  Speaker 2: Real estation?
• 10:45
  Speaker 5: What are the wealthiest people doing?
• 10:47
  Speaker 2: And every.
• 10:49
  Speaker 6: Every business person on earth is in the business of
• 10:51
  Speaker 6: buying the best businesses on earth.
• 10:55
  Speaker 2: We're the only ones who debated.
• 10:57
  Speaker 6: And it's on Square versus Visa both help them, Bitcoin, Apple,
• 11:02
  Speaker 6: both of them.
• 11:06
  Speaker 9: My graduates from my school being forced back drop bag drop,
• 11:11
  Speaker 9: Mike drop backdrop drop. Hey, I'm Tasiana Manning. I support
• 11:31
  Speaker 9: our Voice of a Customer team at Pgenie. If you're
• 11:34
  Speaker 9: a small business customer, we're here to support you. That's
• 11:37
  Speaker 9: why I want to tell you about our new podcast,
• 11:39
  Speaker 9: Real Talk with Pgenie. We know small businesses are dealing
• 11:43
  Speaker 9: with rising costs and looking for ways to boost their
• 11:45
  Speaker 9: bottom line. On our show, you'll hear from our customer
• 11:48
  Speaker 9: experts with our small business engagement team. It will show
• 11:51
  Speaker 9: you effective ways to improve your operations, find important resources,
• 11:54
  Speaker 9: and most of all, save money.
• 11:57
  Speaker 10: I ride the RAND analysis for the Emergency Food Bank
• 12:00
  Speaker 10: and based on their usage history, by just making a
• 12:05
  Speaker 10: simple rate change at no costs, it was a twenty
• 12:08
  Speaker 10: five dollars annual savings
• 12:11
  Speaker 9: So listen to real talk with PGEN and find more
• 12:14
  Speaker 9: resources for your business by visiting pge dot com for
• 12:17
  Speaker 9: slash real Talk