 All right everybody so welcome to the show and as as we all know on Sundays We try to take a look at what's going on with the portfolio as far as dollar-cost averaging all that great stuff And we're going to talk about some of this are going on in the crypto market and for Sundays I don't like to do this alone Sometimes I invite some my friends on and I got Jerry Hall Jerry V Hall From the Jerry Hall show to come on so Jerry welcome back to the show for the 10th time I think it is. Thank you, Rob. It's good to be here looking forward to seeing your portfolios performance Yeah, I mean you both so yeah, the portfolio is the portfolio and before we get into it I just got to tell everybody I know that there's a lot of negativity going on in the world I am not a geopolitical expert. I don't think Jerry Jerry Hall is as well So what's going on in the world? We only try to delve on to the things that we can actually Control and there are things outside of our control and I'm not going to be talking about the the grand scheme of things and putting my Way of my opinion one way one way the other if you want to do that There's a ton of other channels out there doing that right now But I'm not going to go and be a geopolitical expert and that's just how it is But I will say this having said all that There's this great book and I've been talking about this on Twitter for quite some time I should have done some videos on this. It's the fourth turning and It's a book that was released in 1997 and it takes a look at just the normal cycles of The not the geopolitical but the financial cycles and how things kind of start with wars and end with wars and the Financial aspect of that going in between. This is by two authors. William Strauss and Neil Howe. Mr. Strauss Well, William Strauss passed away in 2007. Neil Howe is a economist and Historian and I had a it's a great book to read and so far it looks like things are kind of turning out that way now Take everything with a grain of salt. I believe in cycles I believe in cycles such as like the four-year cycles, which everything pretty much starts with a Having which we guess on 2012 and we get an all-time high a dip and a reset Then we had another having in 2016 all-time high dip reset another having in 2020 and we had an all-time high in 2021 dip and reset and we're gonna we're due for a having right Jerry, but I don't is it April May Somewhere on there. Yeah, it's I believe it's the start of the second quarter of 2024 cool. Well, we'll take that right so when we see all these things The book itself you can order on Amazon. I don't have a link for it But if you just search the fourth turning in this one, it's the first thing that's gonna come up But just to just to show you how it kind of works out I was trying to condense the book into something visual as best I could and again cycles And there's a couple different cycles that people look at We all should take a look at the real estate cycles financial cycles But this one's pretty interesting because it goes 80 year cycles and it's in 20 year blocks and everything pretty much starts with Wars or ends of wars and We take a look between 73 and 1863 20 80 years The revolution I weren't in America that was the end around 1783 then we have this awakening when there's like this This euphoria stage and everybody's like we can do no wrong. This is fantastic It's a lot of building then things start to become unraveled as we have different problems Then we have a crisis and this happens in 1861 US Civil War started. So with the US Civil War 1965 going all the way to Through 1944 that was the start of the World War two and the Great Depression and then for the next cycle again 80 years which is roughly the time span of the average person depending on you know in what geographical location at about 80 years So 1945 the 20 20 25 1945 was the end of World War two and he had the boomers from 1946 to 64 We break it down even further Awakening when everything was just going great and you know great middle class Everything was actually working out pretty well 65 84 then Gen X 85 2004 things are trying to unravel I think we saw that in a lot of different industries And of course we see a crisis and there's many many crises. We had the Great Recession from 2008 to 2009 2010 we had wars also that War in Iraq war in Afghanistan and this is Ending up in the tail end around 2025 now what happens. It's anybody's guess I will tell you that but I saw there was a good talk with Arthur Hayes Bitnext former CEO and he talked about how he believes that the next major bull run is going to happen between 2024 maybe 2025 and then he sees different problems going on from there So again not an expert, but it was interesting how this all turned out as far as the four-year Or the fourth turning and lastly, I think this is pretty accurate hard times create strong men Strong men create good times good times create weak men and weak men create hard times And I kind of feel like and I could be wrong. I kind of feel like that's where we're at And there's a great video which I linked in the description about what's the fourth turning you can take a look at it but again take over the grain of salt because Nobody nobody can predict the future and price predictions So before I get on to the so the portfolio Jerry want to add me that was a that was a wild ride on Jerry to start off The start of the show up. That was wonderful folks. I did not know he was gonna do that, but I'll tell you We didn't we didn't talk about that though Rob is that it's right of line with with a core thesis that I have that's built around understanding demographics, right and so this incredible the largest population Generation that the world has ever seen we called the baby boomers and they were the the ones coming There were the babies that were made after World War two and their last year as a generation Was 1964 Well, the largest Portion of that entire generation was 1956 to 1964 Largest retirement age group That the market is ever seen and we're in that now and so how does that play out for us as you can these boom and bust cycles? Well, they're no longer in their jobs contributing to their 401k Crises they're going to transition to what well the bond market over the last 15 years has been garbage. Yeah, whoever the last year and a half the great. Wow. Yeah The largest segment of our work force retiring into a positive environment for fix exactly what they want Right. Yeah, it's gonna be interesting to see how this goes out. Will the stock market hit Well, we continue to be a high-grade Our friends at the fed Now We'll see Jerry we'll see I don't know what's gonna happen But it's just it's just a good mental exercise to take a look at these things and go man It's I mean everything is cycles. It kind of works in that same way But again, who knows but it is interesting the boomers are rapidly advancing and We'll see how it all plays out. So Having said all that and this is what I truly believe That as time has gone on when I grew up it was all about you know Get a job work 30 years get a pension retire live off and right off in the sunset Put your money into savings account get a whopping 0.25 percent Yield and just ride that off in the sunset. I think now if you're not miss I cannot give you financial advice. You can do it. You can put in savings account right now It's not awful. There's high yield savings account, but I personally believe that if we don't invest in the assets We got problems coming up and big problems. So I one of my investments is crypto and digital assets go figure and What I've been trying to do is talk about dollar-cost averaging and I thought to myself You know, it'd be good is just to just to show people, you know How things work out as time goes on because I gotta tell you I gotta tell you in the in the YouTube space and a lot Of spaces there's very few people that'll tell you like, you know what I'm down or I didn't this didn't work out or this is This is how much percentage I'm down It's always up only and people are always talking about diamond hands and you got to just buy those dips Consistently and don't look at the at the negativity, but I think you do sometimes just to see where you're at So having said that I go, let's just start this on September 1st I'm gonna and I don't know where what everybody's position is. So I said, how do we do this? Let's just do $10 a week and invest into the different various cryptos that I want to invest in too We'll see how it goes I personally invest into this can be daily or weekly depends on on the the crypto But Bitcoin Ethereum Solana cosmos arbitra chain link polka dot near polygon Cardano Algorand Dogecoin Jerry any of those you like to pick up They're all in my portfolio son of a gun. Look at that. That's why we talk. All right So we take a look at that as as of September 1st Remember September September supposed to be what they call it? Rectember? Rectember Rectember and I was like, yeah, probably and I was like that's good because I don't want to keep buying this expensive crypto And it's been going down. So I thought I'd go down even more and it didn't so that kind of sucked but We take a look here as of October 2nd. Let me change this What's the 8th? Yeah, I'm still up. I mean if you just would have done September 1st 2023 I'm gonna show you the good and the bad. Don't worry. Everybody's like, don't cherry-pick. I'm like, yeah, you're right You're right. But Solana. I Invested 50 and now I have $59 Jerry. That's almost 19% chain link. I'm up 7 bucks or 13 half percent Arbitrum for some reason I'm up. That's amazing. Arbitrum was dying dying to me But even though I really like the really like the project everything's up. So I'm pretty happy So if we take a look at this like that looks pretty good Rob, what if we went? Again, I'll show you that I'll show you the good parts Today is October 8th 9th 8th October 8th Let's take the four-year cycles this this year and month or this year would kind of correspond to 2019, right? as we look in like All-time high 2017 dip and a reset. So let's say we went back to 2019 We did the same things 10 bucks a week because people like well, how much he made for 10 bucks a week doesn't make any sense I mean, I got to put in hundreds of thousands dollars to make it, right? I mean even the Dogecoin millionaire put in like a hundred and twenty three thousand dollars or something like that and Dogecoin when it was nothing and of course He made a lot, but he didn't make a lot. He didn't sell anything But we take a look at this if you do and done this and waited till You know the high you'd be up massively you'd have invested 900 bucks and Dogecoin would have 136,000 Maddox 74 8 of 25,000 Solana 16 5 and even if you would have screwed up like we all do Come over here. You'd still be up on some of them on Maddox You've invested $2,000 and as of today to have 24,000 doge 18,000 Solana 9,000 Not bad, right? Now you'd still be down on some dot I'll go near an arbitram But let's say you did what I did And you said, you know what? You take your profits. You took your lumps. You're like, I'm gonna start Doing this in 2022 Which is what I was I've been doing for quite some time dollar cost averaging This is what I'm down So I'm up on some things Bitcoin Solana link ETH But I'm down on a pretty hefty amount of doge cardano dot atom maddock near algo and arbitram The thing is though and jerry can attest to this you don't lose money Until you sell and on the flip side you don't make money Until you sell so jerry what do you think they're honest opinion? you know If the thesis was put some money into something that you believe in the future is going to have a Give you a good ROI a return on investment then then getting caught up in the weirdness that happens within a cycle Yeah is troubling right just let's get it put your money in So yeah, I agree But you know like like I think there's a couple of cryptos you can do that with like bitcoin You can set it and forget it right but there's some like Okay, here's an example gala I bought it on I bought it on Coinbase And I thought it was going to upgrade from v1 to v2 because there's a different version and um It didn't upgrade and I didn't even pay attention to it because I wasn't really actively thinking about it So I went there today to go take a look at it gala v1. I can't sell it I don't know if I can move it maybe in a coinbase wallet So it's like one of those things where like people like you know, just like what you said jerry There's some cryptos you can do set him forget it. You're good, but there's some that do some screwy things like that that you can't Interesting, you know I've been a big fan of Layer one project that I can buy some of Yeah, them compound the rewards And and and walk away and let time in the market decide If I did a good job or not, you know what I mean? So cardano and solano and Now and you know that the list goes on and on and on of these proof of stake protocol That you can buy some have a private wallet that you have the keys to take them and and walk away and allow that that mounting effect of the yield generated by the proof of stake protocol to be your your ECA Yeah, oh, that's yeah, that's a good idea. So that this poor guy didn't cost a weekend. I'm still doing it Right the first second See that's a good lesson everybody if you can do that and compound and defy and Because that's what you do a lot of jerry, right you you farm Well, not anymore. No, it's basically know that the safest sound strategy now, right? I yield farmed when it was appropriate. It's no longer appropriate What I do is I I own the tokens and I stake them with validators just like for instance Plug bias My cardano is taken with we news validating on the ADA network And I'm happy to do that because the rewards are compounding within my wallet Nobody knows about it. But me and you and the 500 million people that are going to watch this And then someday I'll go back to that wallet When when it's appropriate and go wow, I'm sure glad I compounded all those rewards to now look bang When you so jerry, how about this when you compound it? Do you take it out and and put it into cash put in the stables or do you put it right back into the No, I just like for instance my D news validator in the cardano network My rewards compound within my principal amount So every epoch when I get my rewards The rewards are added to the principal principal amount to the next epoch five days later new Set of yield is so it might just started with 100 tokens. Then it's 110 token. It's 116 token That's 125 tokens and every time the new yield is generated on the new balance the new principal balance It's compounding within the wallet. It's Magic magic. Yeah, it's magic You know, we you know, we got to talk about what what everybody is when to take some profits at some point Because like I was I was looking at it. I remember this I remember using luna And luna was like the new the greatest thing of all time, right? But luna came out in like 20 2020 I forget That was a 19 No one or whatever. Yeah. Yeah, and then three years later it collapsed because like I wonder like because me personally I'm not going to like on that situation I kind of wait a little bit and I I could see why you'd want to put it in because we're not in the bull market, right yet, right? I think The all the shenanigans and all the problems kind of happen in the bull market Because people do the craziest most ridiculous stuff out there and they get caught doing whatever Whatever wrong doing that they're doing when the next bear market comes I think right now this is a pretty brutal bear market. It's very boring. It's very sideways I don't know what else could collapse except probably more banks, especially like Mid-tier banks, but who like I'm not going to say like nothing could could happen, but It makes me think about like When to take those profits and really get into it So you're not like compounding compounding putting into the project and then it collapses But that's different with with cardinals. They've been around since Been around since 2017. I think they're going to do pretty well Solana same type of thing Avalanche and cosmos and bitcoin at there. I think those are the ones that you know pretty well I think I could be wrong. Hey speaking of which talking about like like compounding and things like that And what's up and whatever here's uh, here's your favorite Jerry hypercycle I just because we're you know, I was taking a look at like I'm like pretty happy with my Where'd I go? I was pretty like ecstatic, you know with like fight my 14 percent or 20 percent or whatever it was with Solana I took a look at a hypercycle And you guys are up for the year What are you guys up like in 14 days you have 50 percent and 30 days you're up 73 percent So there's a couple of things with that number one. AI is a hot topic right AI is a People are just shocked any money into the AI space That has something to do with AI people put money into it. That's the one element So we're writing an egg that trend but the element of hypercycle the token the token unlike Many other protocols is more than just for governance And for security like most proof of state Protocols require the tokens as the state right and you're secured to the level of dollar value of state that you have the tokens and hypercycle are actually Internet work currents and identification So for you to operate a node Which is the desired goal everybody if you're in that world should want to be operating a node You need the tokens because the tokens are how AI agents pay other AI agents for the computation that's going to occur within the network Yeah, just yeah, because we always let hold on I have it up Walk me through this again with hypercycle because like I have not I I know AI is going to be big I just talked to a couple different Big picture we believe by 2026 and this is an hypercycle. This is the world of AI Believes that by 2026 95 of all internet transactions will be a machine to another machine And only five percent of financial transactions on the internet will be human beings That's the scope and scale that we believe AI will be interacting financially on the internet, okay? So with that being said hypercycle is several things hypercycle.ai is a software company that created The means in which AI agents and work on a network to have contracted work with other AI agents So your your vitamin c AI module that's going to do worse research on The various different kinds of vitamin c compounds you can extract will be looking for Uh-huh. See AI froze you Jerry. That's the problem We can't have nice things because they keep breaking us down. What'd you say? I'm sorry So the big thing is that we believe there will be many networks Where AI is contracting and doing things with other AI and we will be one of these networks in a decentralized distributed world Yeah Where computation which I we believe is the next commodity world the last industrial Revolution we believe data Will drive the next industrial revolution. And so we're we're a network of compensation Yeah, got you when you talk about AI agents you talk about just the the actual computation of what's going on with artificial intelligence are you talking about something like a node So let's say let's say you're a medical researcher Dr. Dr Rob and and one of the things that you want to do is you want a ton of computational power put towards crunching numbers and various scenarios to use your vitamin c product for a b c d and e And and you go to amazon web services because you know that cloud computation they do that, right? And they're going to charge you $150,000 to do that Well, no, that's a lot. Let me shop around a little bit. Oh I can have an AI developer build that algorithm for me and go to hyper cycle network and Look for free agents to crunch those numbers for me. Oh, look the quote is $25,000 I see, you know Yeah, it's it's kind of I get you it's kind of like like amazon web service where you're like, oh, do you want to build your own? Hosting platform and also you want to you know have the actual warehouse. No, we'll just pay us because we already did it Okay, okay, okay. So this is like a decentralized Distributed version of what AWS can do for you But only you can have an AI agent that you set up once and walk away and let it do Do everything you want to do and it'll work and act within the network just like uh a good business would Yeah, I got you. So like that would So last question because we're going to talk about this in a bit about uh avalanche They are using nfts to track cannabis and hemp and I think that's that's like a real use case You know, that's like the real utility. It's not it's not spectacular. You actually do that So like with this with hyper cycle, would you say it's more it's more of a utility? It's actually has real real utility and it'll be it'll be tough for it for your friend gary To sue the pants up all the americans if they're messing 100 pick and shovel for sure. It's an infrastructure play I'll take that. Well think of it. So that's interesting I think I linked that in the description But this one because i'm always big on I want to find utility and real utility and things that actually can have a use case Because I think that's the one way we're going to win against gary as he's trying to take everybody to court But here's another thing Blockticity it means hemp and cannabis certifications and avalanche so I knew this was an issue. I didn't know it was this big an issue So this uh the minting is done through a coa certificate of analysis and that's going to be an nft hemp cannabis mushroom and cratum Industry faces supply chain transparency challenges. I remember this was actually talked about in like 2017 with v-chain And they would say we would do the same thing. We would put it on blockchain and you could track everything I remember they actually did a trial. I don't know if it was v-chain or somebody else But they did a trial with walmart And the pharmacy that was walmart and you could track everything from the production of the facility to the transportation to the actual store And it could tell if the temperature would would go too high it would alert and would be Through an oracle put it on the blockchain. I never heard anything about else about it. Like that's a pretty good use case And now I see like through here Let's be honest like I'm not a marijuana smoker I just I just don't but you know if I get glaucoma cat or x I'll probably start But uh, if like I had something like this and I want to know like is this a good strain or is a bad strain Instead of just going is this a counterfeit? I can just look on the blockchain, which is immutable. So perfect I could see this They have a meaning the certificate is allow users to track the coa is back to the lab access products test results avoid fraud And uh, of course they can have it all on the qr code and there's no alterations I thought it was a pretty pretty cool thing of how they did that so Jerry, what do you think good stuff that stuff? I think nfts Are going to leap out of the art world and get into the Authentication world. I i'm looking forward to the day where I create the jerry v. Hall nft that is a digital identity and up You know that authorizes or authenticates authenticates me to the world yeah Yeah, I'm looking forward to that because like how many times here's a good question How many times do you get impersonated on youtube? Better or any of your other social media stuff your big channel I'm uh, can imagine a lot of people try to impersonate you No, well, I mean some sometimes, you know, so here's a funny story I was talking to ben and and uh and guy after one of our shows And I say, you know If you ever see like those those other youtube channels where they like will take snippets of other like bigger youtube channels And they'll like condense it and they'll they'll do it and and then they'll they'll just use that as their views Which is fine. I I have an open source for my for all my videos I go if you guys if you guys ever see it they always cut me out And like so like I'll be there answering a question and they'll like they'll Cut me out and I'll always be ben and then guy and then back to ben and I'm like that's how you know Who's the more important one here? They're like, yeah, it's pretty funny But it is pretty hilarious, but I don't get impersonated much at all There's some people that you know take the snippets, but that's it, but I will say I I will say one thing. I think that blockchain could be the next aspects of combating These deep fakes because I just saw one with mr. Beast not too long ago. It was really really well done It sounded like him it looked like him It's a little jerky, but I think he could work out and he was saying that hey I'm gonna give away I think it was computers or some or no iPhones the new iPhone just go to this link and then Send me a little bit and I'll I'll send you the iPhone And it was defaked and I know that next year We're gonna have a presidential election here in the United States I think that is going to be a big thing as far as deep fakes And the only way that I can see that we can combat this Would be to be on the blockchain immutable and people can actually verify it So I think it's the same thing with with the marijuana you scan it you go to The laboratory Not a government-run laboratory but like a laboratory from a private business and say this is what we did And here it all is and this is on the blockchain. You can always come back to it And this is the legit from where it is I don't know. I mean, I'm on a ranch here. What do you think? No, I the next I like I said, I think the next Growth for the blockchain will be non-fungible tokens whether it be identity authentication whether it be product authentication whether the Ownership authentication. Can you imagine how how wonderful it would be if you had The title to your home your real estate or your vehicle and you could go to a digital Market place and do business with whoever will pay Right. You don't have to worry about a bunch of the middlemen I think I think that's the transition and it'll probably occur Slowly but surely over the next four or five years and we'll get gradually acclimated to it And the next thing you know, it'll be like the young people are with cell phones It'll be all they know Like you and I remember a world where we actually had a landline in our homes Those are awesome. If you want to if you want to talk somebody had to make some work It's all coming man, it's all coming in and it's fun to see it We're watching it unfold in real time. Yeah, it was just like It was just like I remember when the internet came about and uh, people like this is stupid Like I mean I have to I have to sit in I have to log in I have to look at this little guy running around for aol I have to get that ding dong ding dong And then I have to go into these websites where it takes me 10 minutes to download an image Are you kidding me and that's that's never gonna work And I remember when netflix was was saying we're going to do streaming videos I'm like that's gonna be that's the dumbest thing of all time I try to stream any kind of video it doesn't really work And of course technology finally catches up and that's the thing with like crypto and digital asset space like people They we're speculating and they get ahead of themselves and they diamond hand But the tech has not caught up yet to what people actually want to do. I think that's the bigger problem So which will leave me to my last story tokenization of rwa's are real world assets I thought that was interesting that coinbase is doing this Actually, it is well it is coinbase because it's base You're just I'm going to take a listen this and tell me what if you think The sec is not going to be ticked off about this one So tokenization of us treasuries arrive on coinbase's base, which is their L2 layer solution, which is off of optimism and no you can't buy that token. It's within Coinbase and their ecosystem. They're not off the token. It's just they're using this as blockchain tech with backed Real world asset token issuance market for tokenized us treasuries has grown six. I didn't know this The market for tokenized tokenized not just treasuries, but tokenized us treasuries has grown to $666 million not bad Yeah, but it's weird though, right like you think about like well, who's buying this Obviously, it's not americans because we can't I'll show you So this is issued under the swiss tokenized securities law Backed BLB zero one crypto token is a blockchain based version of black rocks black rock Short-term us treasuries ETF that offers a 5.25 annual yield to investors might got to tell you I'd go for that 5 5 and a quarter. Well, actually I can if I really wanted to as far as like t bills or notes us investors and entities are us investors and entities are restricted from buying the token shocker Tokenization of RWAs is an umbrella term for wrapping traditional financial instruments such as government bonds private equity Or credit in a token form and placing them on blockchains Is become one of the hottest trends in crypto this year? It's amazing because also larry fink the CEO of black rock said the exact same thing Tokenization of assets is going to be used Market for tokenized assets could mushroom to 16 trillion by 2030. Let me say that again 16 trillion by 2030 according to a boss and consulting group and they're just guessing everybody but Jerry, what do you think about this and why would Why would you buy that as far as like a tokenized asset because you're out of the United States or something different? You just hit it on the head United States is the largest capital market on the planet or none no question might drop. However The customer base of the United States capital market is 330 million people the u.s Yeah, if you're inside the u.s Like you're a chiropractic and residents or you're a resident of spain You need to have reached like an elite status to get an international rate to acquire Open And now all of a sudden Is Because he knows apple is going to be around in 25 years And he knows he knows that this country is monetary policy is the base concern But where else would he put his money? He needs to put it in assets This will open up asset acquisition For a world that has been hungry for it the u.s. You're already You take it for granted because it's in your life, but it's not accessible to most of the world Oh, that's why let mix I'm digital And it's now all of a sudden available in uniswap or a company like finance or a company like coinbase Now all of a sudden you've got a few potentially a game changer And that's why That's why coinbase Branched out out of the united states, but makes sense because now they're in different markets in different parts of the world So they can offer these things they don't want to be under the thumb of Gary the sec and cftc Makes a lot of sense Okay, well that was good because I always look at it through the eyes of an american and uh like a glutton for that so Thanks, jerry for someone from costa rica. Let's appreciate that and then um, also I want everybody just to check out There's a a website It's free, but I thought it was interesting. It was called it's called money printer dot info and I linked it in the description It's the same guys that do crypto fees and it took a look at um How much money our protocol is paying to grow and you can look at it as paying to grow or paying to Secure the network either way. I just thought it was fascinating that Out of the top cryptos that are out there, you know, bitcoin pays the miners 26 26 million 367,360 that's pretty good Cordona was second and solana is third and dogecoin and avalanche. That's pretty high 836 and 36 000 Vast difference, but still I don't know where a theorem is it should be on here. It's not anyhow You can check that out Links in the description. I thought was interesting, but that's it for today What we'll do is first of all jerry. Thanks for stopping by. I appreciate it Now let's go on to the good stuff Which is everybody gets to ask jerry a bunch of questions and I get to sit back and do nothing They'll probably be jerry. What's going on with your mic folks? I'll be honest No idea what's going on my mic. It's just a usb plug-in microphone that I plugged in and It works um, it works pretty well sometimes It sounds good to me, all right So guys if you got to take off take off go watch the football But hit the like and subscribe in the way out. Let's see