Latest / Earn Your Leisure / Who Really Understands Bitcoin? Trump, CZ, and the Power Behind Crypto

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Who Really Understands Bitcoin? Trump, CZ, and the Power Behind Crypto · Earn Your Leisure

• 0:01
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  Speaker 1: houses it did rise for a little bit.
• 0:49
  Speaker 2: But the thing about Trump too is that he's kind
• 0:51
  Speaker 2: of like Kanye came. Remember I said that Elon Musk
• 0:53
  Speaker 2: is like Kanye. Trump is actually a lot he has
• 0:55
  Speaker 2: a lot of similarities to Kanye. Also, because remember they
• 0:57
  Speaker 2: were saying, like when Kanye Kan, he doesn't really read
• 1:00
  Speaker 2: a lot. He receives his information from people around him.
• 1:03
  Speaker 2: That's why he can't really explain things. And Trump is
• 1:07
  Speaker 2: the same way, like even if you're watching him yesterday,
• 1:09
  Speaker 2: like he doubled down, you would think by now, the
• 1:11
  Speaker 2: first time he got asked the question, he had time
• 1:13
  Speaker 2: to research who the bid NaNs find out founder was.
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  Speaker 2: He just doubled that.
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  Speaker 3: He said, I don't know. Say I'm gonna tell you
• 1:20
  Speaker 3: something I don't know.
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  Speaker 2: But so this goes back to Venezuela, Nigeria, a variety
• 1:26
  Speaker 2: of different things. You could tell that people are telling
• 1:29
  Speaker 2: him things talking They're telling him high level talking points
• 1:34
  Speaker 2: that he can remember that it's easy to repeat. But
• 1:39
  Speaker 2: if you ask him like detailed questions, he hasn't. He
• 1:42
  Speaker 2: has no idea how to actually respond on it. So
• 1:46
  Speaker 2: he's but he's good at spinning it as far as
• 1:48
  Speaker 2: like brushing it off, deflecting, insulting people. But he's he's
• 1:54
  Speaker 2: he's getting fed a lot of information and very short
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  Speaker 2: sound bites that he has actually no idea what he's
• 2:00
  Speaker 2: talking about.
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  Speaker 3: How much do you believe? Like do you? I believe
• 2:03
  Speaker 3: him a lot?
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  Speaker 1: Because when I when I heard the response, I thought
• 2:07
  Speaker 1: he was I didn't think he was going to double down.
• 2:08
  Speaker 1: He actually tripled down and said, I'm gonna break some
• 2:10
  Speaker 1: news here. I don't know who he is. But then
• 2:12
  Speaker 1: the very next line, I believe was when they asked
• 2:15
  Speaker 1: about bitcoin and he said he's not familiar with it,
• 2:18
  Speaker 1: and then they brought up the fact of his I mean,
• 2:21
  Speaker 1: his family's firm has made billions in bitcoin.
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  Speaker 3: It was kind of like, I believe him a lot.
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  Speaker 3: He's eighty years old.
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  Speaker 2: I don't.
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  Speaker 3: I don't. I don't know how much of that is
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  Speaker 3: you feel, like, what's true.
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  Speaker 2: I think it's a high level as far as like
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  Speaker 2: do I think he understands what nodes are and the
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  Speaker 2: inner workings of the blockchain.
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  Speaker 3: No, I don't think that.
• 2:39
  Speaker 2: I don't think so at all. I think he knows
• 2:41
  Speaker 2: enough to have people in position because he's I mean,
• 2:44
  Speaker 2: the guy's busy, right, he's running the country, he's doing
• 2:47
  Speaker 2: real estate, he's running. So it is understandable not to
• 2:52
  Speaker 2: be extremely knowledgeable in a variety of different things. And
• 2:55
  Speaker 2: I don't think he's. I don't think he's knowledgeable on
• 2:58
  Speaker 2: a lot of stuff, because you could just some stuff
• 3:00
  Speaker 2: you could just tell. You could just tell that he's
• 3:03
  Speaker 2: not knowledgeable. But he, like I said, he does a
• 3:05
  Speaker 2: good job at spinning things off. And even when he
• 3:09
  Speaker 2: was like, they came at me, they said that I
• 3:13
  Speaker 2: was in. The reporter actually did a terrible job at
• 3:16
  Speaker 2: countering that, because even if you have a low level
• 3:17
  Speaker 2: of education, you know you he was convicted of thirty
• 3:21
  Speaker 2: six felonies. He did get found guilty, and you're literally
• 3:23
  Speaker 2: on federal wire tap trying to rig an election.
• 3:25
  Speaker 3: But the way that he was just.
• 3:26
  Speaker 2: Able to spin it like they tried to frame me
• 3:29
  Speaker 2: and I was completely innocent and I got off. I'm like, you,
• 3:32
  Speaker 2: how did you get off? And you got convicted of
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  Speaker 2: thirty six felonies?
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  Speaker 1: Thirty I think it's thirty four, but I don't know
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  Speaker 1: how it was edited. But I agree with you that.
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  Speaker 1: I'm like, wait, no, there's a difference here. You work convicted.
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  Speaker 1: I think that, and it might be a strategic way
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  Speaker 1: for his own protection. Exactly when I heard him say that,
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  Speaker 1: I'm like, oh, he's the first thing I thought if
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  Speaker 1: I did not that I know anything about this, Like, look,
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  Speaker 1: I'm on record, I don't know. I We're making eight billion,
• 3:56
  Speaker 1: but I'm not really sure what's happening over there. I
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  Speaker 1: mean right, it's like almost like, oh, that was he
• 4:01
  Speaker 1: just protected himself by saying that.
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  Speaker 2: I don't even think he's worrying about protecting him. So
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  Speaker 2: he's the same guy that said I can go to
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  Speaker 2: tom Squad and shoot somebody in the face and get away.
• 4:08
  Speaker 2: That was last administration. Last I mean everything that he's done,
• 4:12
  Speaker 2: everything that he's done so far, I'm pretty sure he
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  Speaker 2: has very little care about protecting himself because.
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  Speaker 3: Well, he's no protection around him. There's no consequences.
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  Speaker 2: There's not who's gonna who's gonna hold who's gonna tell
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  Speaker 2: him you're in trouble.
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  Speaker 3: No better they put them in. It's impossible for now.
• 4:32
  Speaker 1: No, I'm saying for now, right, but his kids will
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  Speaker 1: outlive him, right, and so like, could there be charges
• 4:38
  Speaker 1: that are brought allegedly I'm not saying that they're doing
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  Speaker 1: anything fraudulent, but could they be charges in six years
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  Speaker 1: or eight years?
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  Speaker 3: Right if if.
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  Speaker 1: They find something that I think that was like one
• 4:48
  Speaker 1: of those protective man That's just how I perceived it.
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  Speaker 4: And all I know is whatever you did was CZ
• 4:52
  Speaker 4: you better not do with SBF. It's not gonna go
• 4:54
  Speaker 4: the same way. He's up on that on that council
• 4:59
  Speaker 4: part yet thirty years mm hmmm. It would look crazy,
• 5:06
  Speaker 4: But what do I know? What do I know?
• 5:08
  Speaker 1: I think it's interesting right, Like the guy who creates
• 5:13
  Speaker 1: us uh A cryptos are says he knows nothing about bigcoin.
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  Speaker 2: But that's David, Like, that's what I'm saying. But the
• 5:20
  Speaker 2: position was him saying he knows nothing about bitcoin might
• 5:23
  Speaker 2: not be a lie.
• 5:24
  Speaker 3: It might not be a.
• 5:25
  Speaker 2: Lie, but because relatively speaking, you could, I mean, no, no,
• 5:31
  Speaker 2: nothing is a is a is a vague term, right.
• 5:33
  Speaker 2: I think he knows enough to know what bigcoin is.
• 5:36
  Speaker 2: But if he had, like there was a big cooin quiz,
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  Speaker 2: I think he would fail. But I think most people
• 5:41
  Speaker 2: invested in bitcoin would fail a biitcoin quiz. Most people
• 5:44
  Speaker 2: don't really know what bigcoin. That's the scary part about
• 5:46
  Speaker 2: it because we don't even know the founder. Like there's
• 5:53
  Speaker 2: there's so much stuff about this, Like if you had
• 5:58
  Speaker 2: like a pop quiz on, most people that's investing in
• 6:01
  Speaker 2: bitcoin will fail a bitcoin quiz.
• 6:03
  Speaker 3: I'm not even disagreeing with that. I'm just saying, too.
• 6:08
  Speaker 1: Did There's there's something about being I don't want to
• 6:12
  Speaker 1: call it dumb, so smart that you're done right, You're
• 6:14
  Speaker 1: you're investing in the asset like you're currently.
• 6:17
  Speaker 4: I'm gonna say the real answer to the quiz is
• 6:19
  Speaker 4: to deploy capital right like you're all that ship and
• 6:23
  Speaker 4: no your benefiting from it. And it's like knowing the
• 6:26
  Speaker 4: most and deploying the least does not make you a winner.
• 6:29
  Speaker 2: Canbody Somebody says right now, look, we got you know,
• 6:36
  Speaker 2: silver mine in Mexico and it's and it's guaranteed to
• 6:40
  Speaker 2: go up eighty seven percent every single year a presentation.
• 6:45
  Speaker 2: You got a billion dollars. Just I know for a
• 6:48
  Speaker 2: fact because I used to be a financial advisor, so
• 6:50
  Speaker 2: I understand that most wealthy people are not fully educated
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  Speaker 2: on money at all. That's why they trust their advisors.
• 6:55
  Speaker 2: That's why they have a financial advisor. That's why somebody
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  Speaker 2: like Bernie madeoff to run the biggest Ponzi scheme in
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  Speaker 2: the history of the world. He's not just stupid people.
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  Speaker 2: These are educated people. The owners of sports teams, these billionaires.
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  Speaker 2: They didn't ask enough questions because they're trusting this person.
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  Speaker 2: It's like, look, I gotta run a sports team, I
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  Speaker 2: gotta do this, I gotta have a legal firm. You
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  Speaker 2: can't be an expert in everything simultaneously.
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  Speaker 3: It's tough.
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  Speaker 2: That's why you have trusted advisors around you, and you're
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  Speaker 2: trusting the advice The problem is that the people that
• 7:28
  Speaker 2: he has around him are giving him advice based off
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  Speaker 2: of their own personal interest.
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  Speaker 3: That's part of it. I agree with you, that's part
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  Speaker 3: of it.
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  Speaker 1: But there's also the part where you're actually creating positions,
• 7:43
  Speaker 1: changing policy, changing legislation to make sure that this asset thrives.
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  Speaker 3: It's the money.
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  Speaker 2: If they come and say, look, we got all everybody here, we're.
• 7:53
  Speaker 3: All gonna make a billion.
• 7:55
  Speaker 2: We all gonna make a billion dollars, including yourself, you
• 7:58
  Speaker 2: give us the money. This is how it's gonna work.
• 8:00
  Speaker 2: All we need you deliver it. All we need you
• 8:03
  Speaker 2: to do is push it through. I'm not going to
• 8:05
  Speaker 2: ask a million and one questions you would. I'm just
• 8:10
  Speaker 2: saying as an average person, right, the average person is
• 8:13
  Speaker 2: just like, all right, these are my friends. They're all rich,
• 8:17
  Speaker 2: we have a trust, we've made money together before. I
• 8:20
  Speaker 2: understand enough to understand the play. All right, I'm pushing
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  Speaker 2: it through.
• 8:26
  Speaker 3: But there's an understanding that.
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  Speaker 2: But that's like, but I mean, George Bush went to
• 8:30
  Speaker 2: war and didn't even understand what he was doing.
• 8:33
  Speaker 3: Made him.
• 8:33
  Speaker 2: They made him go to war off of misinformation. He
• 8:35
  Speaker 2: didn't Literally the longest war in the United States history
• 8:39
  Speaker 2: and they had they had a five star general get
• 8:43
  Speaker 2: in front of the United Nations and completely lie.
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  Speaker 3: So to me, but I think, how far I deep
• 8:51
  Speaker 3: the rabbit hole? Do you want to go? I said, no,
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  Speaker 3: I agree.
• 8:53
  Speaker 1: I'm saying that is true, which is why I think
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  Speaker 1: it's like I'm gonna say I know nothing to protect
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  Speaker 1: myself even though.
• 8:58
  Speaker 3: I haven't understand it. I think that's true if it
• 9:02
  Speaker 3: goes right or wrong. Yeah, I don't know nothing. I'm
• 9:04
  Speaker 3: not saying. But with CZ, I think he's and who knows?
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  Speaker 4: Uh, Jake, Jake, go pull up cz paperwork and see
• 9:12
  Speaker 4: what because even with we, I mean maybe that's another stop.
• 9:16
  Speaker 1: But like that, I had Binance before there was a
• 9:20
  Speaker 1: US Binance and I'm like, Yo, what huh?
• 9:24
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