Latest / Earn Your Leisure / Cliff Notes: THE FUTURE OF CRYPTO & NFTs With 19 KEYS

Transcript

Cliff Notes: THE FUTURE OF CRYPTO & NFTs With 19 KEYS · Earn Your Leisure

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  Speaker 2: Oh, let me ask you about crypto. You know you're
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  Speaker 2: a crypto enthusiast, and the crypto market has been down
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  Speaker 2: just like the stock market has been down. So a
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  Speaker 2: lot of people you know have lost money in crypto
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  Speaker 2: this year. They have a lot of people are nervous
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  Speaker 2: a lot of people. You know, it's a lot of issues,
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  Speaker 2: security issues. What's your current thoughts on the state of crypto?
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  Speaker 3: Oh man, that's a heavy one because I think that
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  Speaker 3: crypto will benefit from clear regulation once it come in, right.
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  Speaker 3: I think that a lot of the crypto space, a
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  Speaker 3: lot of the blockchain space, right is right now in limbo.
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  Speaker 3: The reason I say clear regulation is because you can't
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  Speaker 3: really build without fear of knowing whether when you build
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  Speaker 3: something successful is going to be attack layer by the
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  Speaker 3: sec because you didn't know that you broke a rule
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  Speaker 3: that doesn't exist yet.
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  Speaker 1: Right.
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  Speaker 3: So, companies I believe that are fearful of putting too
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  Speaker 3: much money in this space.
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  Speaker 4: And a lot of companies got cash reserves that.
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  Speaker 3: Are sitting on the side right now that they have
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  Speaker 3: probably loved to employ with some of these ideas, right
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  Speaker 3: to get them some exposure in some of these companies, but.
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  Speaker 4: They don't want to later have that money tied up
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  Speaker 4: into a legal battle. Right. So I think that clear
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  Speaker 4: regulation will allow.
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  Speaker 3: People to easily communicate like, Yo, this is an asset class.
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  Speaker 4: If you invest in this.
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  Speaker 3: Maybe five to ten years you'll be solid to hold.
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  Speaker 3: But there's so many security concerns and legal concerns that
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  Speaker 3: a person can't assuage your person away because nobody knows
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  Speaker 3: what the rules are completely right, and I think that
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  Speaker 3: these rules are not going to be beneficial to the
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  Speaker 3: crypto space. But I'm saying that as far as clarity
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  Speaker 3: on knowing where I can invest in, what I can build,
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  Speaker 3: what I can do.
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  Speaker 4: You can't go one.
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  Speaker 3: Hundred miles per hour until you know the speed limit. Like,
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  Speaker 3: if they say it's one hundred miles per hour, I
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  Speaker 3: can go. They say it's sixty, Okay, we're gonna put
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  Speaker 3: this on sixty. But you can't just hop in a
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  Speaker 3: car and just put your pedal to the metal and
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  Speaker 3: just go crazy.
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  Speaker 4: You feel me. So I think that crypto has a
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  Speaker 4: long battle ahead of it.
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  Speaker 3: I think that we can see crypto going, you know,
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  Speaker 3: much lower right before.
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  Speaker 5: You think, man, come on, let's spice it up.
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  Speaker 4: Might clip this up?
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  Speaker 3: Listen, so going I can see bigcoin going to eight,
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  Speaker 3: then it's possibly going to three. You understand me. Those
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  Speaker 3: are the two. Those are the two from what I say.
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  Speaker 3: You know, it's funny because I'm not a I'm not
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  Speaker 3: a truck guy. But when I started looking at charts,
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  Speaker 3: recently and I was looking at it. I said, Okay,
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  Speaker 3: I see this this, nigga, it's not why you're here.
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  Speaker 3: I see what brother Ed been seeing. Man, I see
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  Speaker 3: what you've been seeing. Because it is a very real possibility.
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  Speaker 3: At the same time, I don't think this is a
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  Speaker 3: market to be afraid of. I think this is the
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  Speaker 3: market to investment, right. I think that if you were
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  Speaker 3: to have fear, it should be at when bigcoin is
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  Speaker 3: at sixty six now, when Big one is at nineteen
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  Speaker 3: that one Big One is at eight now one bigcoin.
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  Speaker 4: Is at three k. That's when you go all in,
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  Speaker 4: you triple you double down. Lets get to eight where
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  Speaker 4: I'm piling heavy. Eight is my sweet spot.
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  Speaker 3: If you get to three, then I want to sell
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  Speaker 3: everything I can in to buy it.
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  Speaker 4: You know.
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  Speaker 3: That's that's it, like the rolexes, the gold, everything gotta go.
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  Speaker 4: Yeah, we officially called that load in the boat. Yeah,
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  Speaker 4: that's a super load right there. But eight is a
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  Speaker 4: very gray sweet spot.
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  Speaker 5: Nineteen Keys predicts Bigcoin will go to eight thousand.
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  Speaker 4: That's the headline. Might put this up.
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  Speaker 3: It's a little crazy eight Hollywood lot gonna be on
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  Speaker 3: in the comments. Take though, is will rippling now right Ripple,
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  Speaker 3: You know, you can't tell nothing happened until because right
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  Speaker 3: now it's in the body rumor phase. Right, So Ripple
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  Speaker 3: is up almost eighty percent, you know, and within this
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  Speaker 3: from the third quarter, I think it's they said well
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  Speaker 3: like forty eight. Right now, it had went down to
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  Speaker 3: around like thirty three, thirty one, it had went up
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  Speaker 3: to around fifty six.
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  Speaker 4: So a lot of people have been making money on
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  Speaker 4: Ripple right XRP.
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  Speaker 3: And right now their legal situation is at this point
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  Speaker 3: where both sides have talked to the judge and say
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  Speaker 3: that we need the fund review of the case, you understand,
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  Speaker 3: I mean they said that it should be enough information
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  Speaker 3: on both sides that you should be able to come
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  Speaker 3: to a settlement on whatever it's gonna be. So the
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  Speaker 3: Ripple community is seeing that as a possible win. And
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  Speaker 3: I'm seeing Ripple actually expand right now during these times
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  Speaker 3: to build more confidence into that coin.
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  Speaker 4: So if Ripple was.
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  Speaker 3: To win, Ripple rips away and Ripple can take over
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  Speaker 3: certain market caps because even during this legal battle, the
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  Speaker 3: court of Ripple has remained stronger than ever. I mean,
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  Speaker 3: we're seeing it strong during recession, doing real economic plights,
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  Speaker 3: doing inflation during crypto winner ripple actually makes no sense.
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  Speaker 4: What's the weapon? Now? If they lose the case, you
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  Speaker 4: see Ripple going down to a penny.
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  Speaker 3: But if they wine, Ripple gets disrespectful to the market.
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  Speaker 4: It's going to be it's going to be a joyous
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  Speaker 4: occasion if they win precedents.
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  Speaker 5: Yeah, when you was talking about Bitcoin, I started thinking
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  Speaker 5: about is the same presidents set for nft ease because.
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  Speaker 5: space should we be getting super creative. We've seen the influx,
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  Speaker 5: seeing where we can put utility cases in for the future.
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  Speaker 4: What's your thoughts on NFTs? Great question, y'all. Remember when
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  Speaker 4: we first talked about it.
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  Speaker 3: Absolutely, I've told people I don't care about the market.
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  Speaker 3: It's about the creative use case of it, right, because
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  Speaker 3: the technology is the value.
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  Speaker 4: This is what everybody was getting wrong with. Everybody was
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  Speaker 4: looking at trading value.
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  Speaker 3: NFTs were never supposed to be a commodity that was
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  Speaker 3: about trading, right.
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  Speaker 4: It popped up because of the art use that people
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  Speaker 4: was able to find it, and everybody's seeing people make money.
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  Speaker 3: So of course, man, if there's money to be made,
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  Speaker 3: people go jump into it.
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  Speaker 4: But nft were never made to be traded.
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  Speaker 3: Commodities that go up to seventy thousand, one hundred thousand,
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  Speaker 3: right for no reason whatsoever.
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  Speaker 4: Right. It was more so about these are now ways
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  Speaker 4: to create real.
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  Speaker 3: Digital assets that can be linked to value, right, that
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  Speaker 3: people can own the parts of the Internet. So what
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  Speaker 3: we see now in the market is a slow roll
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  Speaker 3: out of the value market of NFTs, which is much
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  Speaker 3: better for the space. If eighty percent of businesses failed,
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  Speaker 3: while wouldn't god damn ninety percent of a completely new, unregulated,
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  Speaker 3: no value.
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  Speaker 4: Having new businesses Because that's what I.
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  Speaker 5: Looked at the mask he said they had no value.
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  Speaker 3: But now the projects, if a project literally has no value,
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  Speaker 3: there's no value.
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  Speaker 4: Right.
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  Speaker 3: If they say just buy this because it's an NFT,
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  Speaker 3: that's a no value project.
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  Speaker 4: If they say.
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  Speaker 3: Buy this because you are getting an access pass by
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  Speaker 3: this because it's linked to buying a house. If they
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  Speaker 3: say buying this because you know this is a ticket
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  Speaker 3: to market. Mondays, that's the actual value of the business.
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  Speaker 3: What's the value proposition? And most people needn't look at
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  Speaker 3: what is the value proposition of this digital idea that
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  Speaker 3: I buy? Right, So that's like me creating a storefront
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  Speaker 3: on Shopify and all I have is pictures. Right, You're
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  Speaker 3: gonna buy it and all you get is a receipt,
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  Speaker 3: there's nothing else.
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  Speaker 4: That's the end of the transaction. Right. Nobody's want to
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  Speaker 4: buy that.
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  Speaker 3: They want a product, they want a service, they want
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  Speaker 3: some sort of access that come along with us. So
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  Speaker 3: I think this is actually the best time. But I
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  Speaker 3: think this is my advice to people. Don't call it
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  Speaker 3: an NFT. That's do not call it an NFT. The
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  Speaker 3: best thing you can do to increase to sell NFTs
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  Speaker 3: is do not call it an NFT. And right now,
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  Speaker 3: I say, listen, I don't do personal consultations. But I
• 10:39
  Speaker 3: said that I'm gonna bring it back at some.
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  Speaker 4: Point in time, right limit it.
• 10:42
  Speaker 3: So there's a long list of people that want to
• 10:44
  Speaker 3: get private consultations. Well, if I say, well, you know,
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  Speaker 3: I got this ecosystem where if you get one point,
• 10:51
  Speaker 3: you know you can get a fifteen minute consultation. If
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  Speaker 3: you have two points, you can get an in person consultation. Now,
• 10:57
  Speaker 3: the way that you get those points you have to
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  Speaker 3: go to them all way site, and certain items that
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  Speaker 3: you buy come along with points that you can you
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  Speaker 3: can get up to. Right, let's say one hundred points.
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  Speaker 3: So you buy this item, right, this digital asset, and
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  Speaker 3: this one that you're holding on while it comes with
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  Speaker 3: fifty points, the other one comes with twenty five points.
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  Speaker 4: The other one comes with another twenty five points.
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  Speaker 3: So now people are buying these points because they want
• 11:19
  Speaker 3: to get the unlockable, which is the ability to get
• 11:22
  Speaker 3: this consort. If I say buy NFT, the emotions right
• 11:27
  Speaker 3: and a connotation, and all of the news attached to
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  Speaker 3: an NFT is based upon this trading value board, the yacht, all.
• 11:34
  Speaker 4: Of these different things.
• 11:35
  Speaker 3: But if I say the point, it's just a product
• 11:38
  Speaker 3: access to a service, right, And I'm utilizing non fungible
• 11:42
  Speaker 3: tokens because it's the best way to track right when
• 11:45
  Speaker 3: I'm doing or SBTS, which is so ball tokens which
• 11:48
  Speaker 3: people started rolling out right if they want lifetim membership
• 11:51
  Speaker 3: where they can't trade it a movement which I think
• 11:53
  Speaker 3: is completely better than NFTs. It's getting directly to what
• 11:56
  Speaker 3: is the value. So now you assess this thing from
• 11:59
  Speaker 3: value rather than FuG. Right, the fear of missing out
• 12:03
  Speaker 3: not FuG but that't fear a certainty doubt, but their
• 12:05
  Speaker 3: fomo rather.
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  Speaker 4: So I think that by calling it same thing with Larrussell.
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  Speaker 3: You seen Larussell, right, they got a platform where they
• 12:12
  Speaker 3: were selling music. So let's say that music that he
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  Speaker 3: sold is an NFT. He don't have to ever say NFT,
• 12:19
  Speaker 3: you're buying my music. Most people are looking at the technology.
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  Speaker 3: The demonize the technology because the brand of it is
• 12:25
  Speaker 3: being misused. But the technology is still as valuable as ever,
• 12:30
  Speaker 3: so I think don't call it the NFT, and I
• 12:34
  Speaker 3: think that the industry grows.
• 12:37
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