 It was like a top stories in crypto and break them down to bite-sized pieces today Just the thumbnail and title suggests we're gonna take a look at how Kevin Leary From Shark Tank has been diversifying Vastly into crypto and it's an interesting thing where he talks about what he's invested into and just How he talks about the projects that he invests and why he's not why he says that even he doesn't know all the winners We'll take a look at what Kevin Leary talks about also a story about coin base coming out with no fees Which I think is insane But we'll see how that's gonna work out for coin base and lastly we'll talk about Goldman Sachs Citibank and Millennial crypto jobs and I'm gonna actually have somebody in studio to a quick interview about what that all means And at the very end we'll do five questions in five minutes. So hold all your questions till the end That would be fantastic So before you go all that we'll take a look at the market do a quick little market recap And just so you know if you're here for the live stream There will be time stamps underneath so you can fast forward or go anywhere you want to But everything's in a sequential manner also news takes about 15 or 20 minutes And then after that we go to the Q&A which takes about five and that's it So let's jump in to the actual market And I don't spend a ton of time on this because I think everybody knows what the market is because guess what? We check our portfolios about 10 or 20 times or sometimes even more per day So what we got today is pretty much a sideways action not really too much going on. It is a Sunday Nothing too great. I think everything kind of just kind of pops off as the market starts to Open up on a Monday, which a little bit of time for that. So we've got Bitcoin right now down Negative 0.5% not too much. We've got Ethereum 0.6. Nothing's really up I think Tara continues its marvelous run at 1.4% so good for your shareholders Cardano up 2% 81 cents But boy what a slide it has been since that's all money days at $3 and that's Pretty much no no real big winners or losers everything sideways pretty much as boring as the traditional stock market So what can you do kind of boring? That's what it is So let's just jump into today's top story, which is all about Kevin O'Leary And it's not that I care so much that Kevin O'Leary is out there Talking about what he thinks crypto is good for what I really care about That the message that he brings to all the people that know Kevin O'Leary and don't trust crypto like well I don't really know about this crypto thing because you know, there's these illicit activities and all these problems But I had Kevin O'Leary seems like a pretty good guy. He's on Shark Tank and that's really the mentality right there So when I when I saw this interview, I'm like, this is perfect. These are the things that people who aren't into crypto yet Really will probably pay attention to and before I play this. I know what you're probably thinking, which is but Rob Isn't everybody in crypto because I'm in crypto and everybody that I know is in crypto No, that's not how it works because look you probably have surround yourself with a nice variety of people Who may know a little bit about crypto but in the grand scheme of things and I saw this actually I think it was a Binance CZ Binance 3 of the Saudi said that only 3% of the world population is actually in crypto right now So if you think everybody's in crypto, you have no Idea just how early you actually are so just take a listen to Ken O'Leary talk about crypto Maybe this will will help out in the long run. So let me stop this. I'm gonna share the actual tab itself So you can actually hear it Ba-ba-ba and let me mute me And just take a listen to this Millions of dollars 20% of my portfolio is now in crypto currency and blockade Hey Kevin, so I was on the phone yesterday with a sort of a big-time crypto guy and he was talking about how crypto was like the operating you know multiple operating systems for telephone for mobile telephones years ago But it made me think maybe that means we're in the beginning of something which is fabulous But it also makes me think of palms that remember palm or rim, which is blackberry or I mean you could go You could go down the list iOS and Android didn't show up to the scene until a decade or two after the fact and I only raise it because I wonder Sort of where you think we are in all of this and whether it means that the bitcoins and some of the coins that We're looking at now and talking about will will be around or will be obsolete in a decade from now Well, you have to be diversified I own 32 different positions including equity and FTX itself and I have to disclose I'm a paid spokesperson to that company I'm backing their initiatives But the whole point is you you don't know who's going to win is Ethereum going to win is Solana gonna win Is it helium or is it avalanche? I own them all and luckily they're just software development teams You go meet these people you find out they're in their 20s that the smartest engineers in the world If you graduate from MIT right now, you don't want to work for an old industrial company You want to go to a blockchain company? So we should support this initiative and be the leader in policy because right now the world is waiting the Canadians are more advanced They they have the very first Crypto exchange they have the very first right, so then then Kevin goes on to some other rants and things like that but This video Actually was it was on March 11, so it's a couple days old So I know a lot of people have been talking about this already and Kevin O'Leary always talking about but Why I wanted to bring it to your to to your attention is the some they said there that made a lot of sense And you're gonna see this play out more so as time goes on and is that when he talks about people are getting into crypto They're getting out of the other industries and into crypto You're gonna see a story. We're gonna talk about just a little bit about how that is gonna start to happen and accelerate a pace This is a golden sacks. This is that Citibank. There's a lot of people that are out there as far as like Millennials, so This Article or this video. We just watch is gonna play in some other things down the road for this video So let me think about that in the comment section. Let me take a look here and Let's move on To our next piece which is the coin base no fees and then we're gonna do that stuff So the coin base no fees We've I didn't understand where they were going with this because when I when I took a look at it I was like this doesn't make any sense. Why would they go absolutely? No fees, but now I get it So coin base rolls out a test of fee free trading trading fees have historically made at the bulk of coin base I don't think we all know that if you're on coin base, you know exactly what I'm talking about because you've been paying for the nose So here's what's happening as coin base looks to distance itself from transaction based revenue Which I think sounds odd, but it won't in a second. Hold on The exchange has become recruiting the first customers for coin base one a subscription service that comes with zero dollar trading fees crazy Perks of the subscription also include up to 1 million in account protection and 24 seven phone support first of all Let me just ask you a quick question If you've been trading on on on coin base, which is a multi-billion dollar company You would think you would get some phone support Especially for all the hacks that are going on out there. They don't care about you. Let's just be honest So when they come up with like a subscription service where it's like you'll get 24 seven support, but these people won't Why are they doing that? I'll tell you in a second. So on top of that Coinbase one is currently in its beta launch. So this has only been rolled out to the select few Ie not you sorry and this is where it all comes down to because I was thinking about like this makes no sense They're making they're making multi-billion in revenue. Why would they do that? Well, it comes down to this This is from Alicia Haas chief financial officer of Coinbase. She says the transaction revenue has historically Been the lion's share of our revenue We're taking steps to diversify this revenue and also to grow our non transaction revenue streams I think this is a pretty smart idea if you're a business and you want to stay relevant in this industry Especially as dexes start to really take hold How do you do that while you cut down on some some fees that people don't like and this is where it comes Down to the crux of the article Coinbase executives also braced shareholders For a quieter first quarter of 2022 on the earnings call as they are expecting lower monthly transaction users and Total training volume in the first three months of the year. So now Hopefully you get kind of like why they're doing it. It's the same reason why gyms Will charge such a low amount to go. I don't know where you're at This place called Planet Fitness and it charges 10 bucks a month and when they first came out with that $10 a month for For gym fees, it was like that's crazy because you know, I pay 50 60 bucks in my gym. Why did they pay $10? It's because They know that you're not gonna come in you're gonna stay fat and lazy You're gonna be there January 1st Maybe hit the February then you're out because it's too much work And I think that's the same thing with what Coinbase is doing like look We know you're just gonna trade a little bit and you kind of got to get bored because you don't keep your eye on the ball And guess what's gonna happen? You're gonna stop trading. We're still gonna charge you those transaction fees You know, it's great for us for our shareholders. We can say hey good news There was a lot of people trading because the market was sucking But we get all these great subscription revenue from all these people and it just kind of flows the boat So that's if people think like oh, that's a that's a crazy idea. It's a pretty smart idea So tip tip of the hat to Coinbase. Let me know what you think about that in the comment section and let's finish this up With a millennial interview City Bank and Goldman Sachs and what's going on? So if you hadn't heard this was pretty interesting. I felt this was I Said I'm gonna have to dust off my resume because Goldman Sachs is hiring global markets digital assets VP in New York, New York So if you're looking for a new job, maybe you can apply to that So real quick Be before I go in the details of the job and what you may need to do just know that I love these stories Because it shows us the development and the progress that we made and the rails that we made as far as crypto because Not more than roughly a year and a half ago May 27 2020 Goldman Sachs Came out and said cryptos are not an asset class and they had this nice beautiful meeting with all their bunch of New shareholders and they were talking about how they could diversify and help them and one of the main things they said was hey We know you want to know about crypto, but you shouldn't because it's worthless and it's not an asset class and here We are today LinkedIn global markets digital assets VP New York four days ago. So if you're interested, here's the job summaries You can your job some responsibilities or work as an integral member of the team with the primary focus on the timely Execution of new activity in the digital asset space Collaborate with stakeholders across the firm don't understand their business and identify opportunities sales Where digital assets can have value? Here's your qualifications though You got to know at least or have been at least six years working with trade traditional fi Cfi DeFi tech or in a strategy consulting type role I'm sure that's a lot of people actually and then generally passionate about digital assets and actively participating on a personal basis blockchain crypto So If you're looking to apply I linked that in the description have fun working for Goldman Sachs, and then let's finish up real quick With this part and again, this is what led me to Kevin O'Leary Video where he talks about all people are just leaving and they're getting and moving into out of these big corporations into Smaller more powerful plays such as crypto digital assets. So cities or city banks to digital assets leads exiting To launch a startup Co-heads of city grant city groups digital assets group are leaving the bank less than a year after being put in charge of the new Crypto-centered unit which was launched in June 21 2021 Greg Gerasol and Alex Kretty nailed it announced separately on LinkedIn that they were leaving city group to start a new venture and Grisle says after seven years, I'm leaving sitting order start my own venture in the digital asset space So just want to be clear they're not leaving this to go to another bank to work in just traditional finance their digital assets That's it was at city where my passion for digital assets began Combining the opportunity to leave the effort to bring the new asset class to global wealth franchise Whatever and then later and then the next one was Kretty said after 11 years at city Imagine that over a decade. I decided to take on a new challenge I'm we leaving the firm over five years ago my personal interest and subsequent writing about blockchain able digital assets Yes crypto led to an amazing network of colleagues across city businesses External companies and interested clients. I got to tell you if I was the hiring manager at city I've been pretty ticked off like man This is a big loser of a situation because I got these people I Thought they'd be here for a long time and really bring a lot of revenue to the company And now they're gonna go out there and start their own thing and of course you right now are probably think yourself Well duh who wouldn't do that but there's risks involved. That's true, but there's no greater time. I think and this is not This is not job advice or professional advice. This is just an opinion But this will be the time to take some pretty Some pretty big place if you really think about it because where else you can get this asymmetrical return Where else can you do this and is it is it that? Is it that? Mindset to stick yourself in a corporation and just kind of hang out for 10 20 30 years collected collect a pension and go That's what I'm used to I mean that's what my generation was so when I see stories like this It just affirms what Kevin Larry was talking about you're gonna see a mass access of people moving into crypto Which leads me to my next point. We just did a video with Individual here from Puerto Rico and I'm gonna play that interview right now. Let me pull it up Unfortunately, I Let's see if I can do this right stop screen and let me mute myself. So take a listen My very old computer and You know, I had the opportunity to move down here and work full-time in cryptocurrency in Puerto Rico And that's the way I see myself moving forward in life Yeah, and that was something we were talking about which I was surprised because like when you take a look at these things that are going on Like what are the options for you guys? I mean not to not to say you guys are totally screwed But I think you guys are screwed because let's be honest like in my generation was all about this It was work hard stick to yourself to a certain Job path and you'd be okay, and you can retire you guys are not getting so how do you see it as a millennial because you're around 2728 I am 27 well Rob the first thing I did in order to become financially successful is I stopped eating eating Avocado toast okay, and you know, I stopped I started making coffee at home But the the main things that we were taught growing up is one go to college to get a job That gives you benefits health insurance everything. Yeah, but at the end of the day with inflation raising Yeah, you know 7.9 percent. I think it was last month There is no way for me to get ahead at my job no matter how hard I work And so the main things I have to do is one so I've got a currency But all my money into that because why am I gonna use a formal okay? There's no reason for me to do that social security most likely not My retire cryptocurrency is going to be there and it consistently beats inflation and The only other thing we would have to do if I can't use cryptocurrency is I have to job hop every year Or every two years and try and leverage one company's offer against another Yeah, because I mean back in the day it was just stick with the job But now it seems like if you stick with the job, they still screwed they go Generations one that screwed everything up. I mean there's plenty of articles out there. Yeah, exactly so then here comes our second one so We you already talk about how and why you got in the crypto which made a lot of sense but as far as like viable investments Outside of crypto do you have anything else that you get into because like I like we did a lot of real estate This was years ago and right now I don't I don't see it as a big thing because it's so expensive But like how about like stocks that's me 500 something like that. Yeah, so When I first moved to Puerto Rico, I was mainly trading in stock market And so mainly call put options on the S&P 500 and you know that was decently easy to do You know, I could make a daily goal within, you know, five ten minutes of the market opening But when I'm looking at cryptocurrency it all that money I put into the stock market if I just simply park that in the cryptocurrency Didn't work a single minute for the last year. I would have made more money And so the main thing I do with the stock market is I'm trying to be diversified Cryptocurrency and most of the stocks I hold and actually try and actively trade relate to cryptocurrency So Voyager is one of my favorite ones So that's so again people out there who are like the big gold bugs and hate this channel I get it, but why don't you just come over with us? We're trying to do the same exact thing gold silver Bitcoin Seems like a pretty good. That's like the new savings account in life. Yeah, so that will leave me to my next one Do you just thought about the puts me options? How do you do it? DCA yeah trading leverage. Yeah, when it comes to cryptocurrency dollar cost averaging is my favorite method of getting into cryptocurrency I do try and look at Multiple different coins because I don't want to have as they say all your eggs one basket sure I still believe Bitcoin is king But I also believe that there are smaller crypto currencies that I can put money into and I can make more money faster For example Cardano, it's easy for card on a go from $1 to $2 than it is from Bitcoin to go from 40 to 80,000 Yeah, well, yeah, of course, but of course people pay for down like well It's way easier for down to go to 80 cents to zero cents, but look first we get that sure Yeah, but I mean it's it's really just kind of a mixed bag because I try and learn from a multiple of the people I spend most of my day online Reading news articles everything like that I'm not gonna hit, you know 100% on everything So but you know some of these smaller projects that I look at like door or NIL or You know some of these these very small projects that are Trying to get a ton of a traction on there. All I need is one to hit there or Divvy. Yeah Divvy I mean it the official cryptocurrency of LaLiga like all I need is one of these coins to hit and you know, I've achieved financial freedom and That would I mean in it can literally happen overnight Cryptocurrency allows me to do that compared to you know working 10 15 years at a job Max all you got to do is just put in your savings account get that 0.15% interest and you're good to go in a thousand years Yeah, thank you Voyager That's how I that's my new savings account perfect Yeah, and I'm waiting for that debit card Steve So if you can ever just you know make that a little quicker, it'd be great and then lastly How's the channel you got a YouTube channel? I know that's that's a new thing. So how we probably look yeah So my YouTube channel traders in the zone What I try and do is just interview the average people in cryptocurrency Because look not all of us are gonna be multi-millionaires That's one of the hardest things to do But there are plenty of people here in Puerto Rico that actually Trade cryptocurrency full-time they make a living off cryptocurrency either work in the industry on projects or By buying and holding coins and what I want to do is just simply interview those people and ask them How do you do it? Yeah, because yesterday I interviewed a musician friend of mine and So he's a singer-songwriter here in Puerto Rico, but he got into cryptocurrency in 2020 And so I interviewed him asking, you know, how is cryptocurrency affected your life because It's very hard, you know people really don't know where to get started and He already has a successful career of cryptocurrency is simply taking his financial freedom to the next level and That's the main thing I want to do. I just want to ask people how do you do it? So look so to check out Max's channel I'll link that in the description But that is it just want to get a little little insight into the younger generations Investment strategy so max. Thanks for stopping. Thank you, Rob. I don't make sure I'll send you some out of toast. Okay, sounds good I'll have to jump back Great. Thanks Matt for coming on and sorry about the audio. There was a little bit of a glitch Hey, I think one of those things where it's Puerto Rico and a little bit of the Wi-Fi connection sometime get a little bit Crazy, but hey, I think we got to it So look that concludes today for the news and what is going on pretty good made it around 21 22 minutes somewhere around there So now this ends the new segment if you got to take off at Sunday I understand family friends and of church whatever you're gonna do great So thanks for stopping by like today's video give it a thumbs up if not thumbs down Just tell me why I'll try to fix it and try to hit that subscribe button. That'd be great So that concludes that now let's jump into five questions in five minutes and go from there So what do we got? Banners comments Jungle Inc jungle links here famous the famous jungle link if you guys Want to hear about XRP and some other things go follow jungle link go follow jungle link He's one of the first ones. I watch it was him and Digital asset investor. I forgot somebody else See Nothing Crypto is the cure for code. I don't know if that's true. I'm pretty sure that's a I wouldn't wouldn't hold up in court. I'm not sure. Okay. All right. Here's a good question Mad Max welcome Mad Max Dan. What do you think? What do you think happens? Lower this a bit. What do you think happens the markets of Poland enters the war as Russian forces bomb a military base 13 miles on Poland borders Okay, it's scary times and let's just be honest. I'm not a geopolitical expert, but I can tell you if If Poland enters I don't know if they're a member of NATO That gets things pretty complicated any member of NATO that comes in then it becomes a big world war So do I think when the really the question you ask yourself is are we on the precipice of a World War III? That's the big question and I don't know Let's see Rob. Have you heard of Pegasi Pegasi a new plater on a polygon network. No, but if it's on polygon network, that sounds good I like using polygon although I will say there was some upgrade that just happened I saw something in the on the twitters on the YouTubes that there was a an issue With the network. So hopefully that it's rectified itself. We'll see how all right and know something says Poland is a member of NATO Well, it's not good and so do men mullet. Thanks one mullet for being here appreciate If you guys don't know when mullet That's a guy who should have a YouTube channel has got a lot of stuff a lot of information, especially for trading What do I use polygon polygon what I like to do is Transfer everything in my metamask wallet and use and transfer my ethereum and all the different fees I have to pay on that trash and put it over to the polygon network because everything is like pennies on them Just like pennies for per transaction. It's great. The problem is you have to switch it over from the ethereum network to polygon That's the problem Man, so that was number three What else we got That's a great question UFO nut Do you think george carlin would have been a bit corner if you guys know george carlin if you're in the younger generation He was like he was one of the greatest comics Out there and he would use The different happenings that were going on the social injustices of the world and he would just make fun of it And uh, he was hilarious when I was growing up as a kid. I thought he was funny I mean, I still think he's he's really funny. So do I think george carlin would have been a bit corner? Absolutely If you would have heard about I mean just watch any of his Specials that he did and seem like that guy had a special like every year, which is super hard to do His comic apparently Um, I think he would have been one especially with his disdain for Just the the the market in general. So yeah number four I don't know what I don't know what rad tokens are man. Sorry Is there any crypto dating sites or only meetups? Well, let me tell you there's not any crypto dating sites. I will tell you if you come to a meetups Well, my channel is 90% guys. So I'm just going to tell you that Whatever you're into but uh, I will tell you that's uh, not the place to be very uh, there's some there's some ladies show up All right Yeah, and duggy stone does say it just want to let you know one moment. You are a great mod When well, it's a great mod great moderator. Love it when he's here makes my job a little easier Uh, and that's I think it did we have one more? Uh, isn't I don't know what that is Where did this go? Hold on Spaceman bro, you don't even know what digibite is. Oh, I know what digibite is One second seems like when I talk negatively about a specific Project that's everybody gets up in arms and I get it. I understand I mean no one wants to I don't want to hear that uh, you know their project They've invested a ton a ton of money into is not doing so hot. I mean I get that I get it but I gotta tell you Digibite is just not one of my I used to hold digibite And of course I think is uh, the creator tate Let me share something Let me share a tab So tate you created digibite It was a pretty good project. It still is a good project. It still could be a great cryptocurrency But what separates it from everything else? That's my question to you. What is the The value proposition that it brings it's fast. I got a lot of the covers that are fast It's a currency. I got a ton of different cryptocurrencies It's decentralized. I got a lot of decentralized cryptocurrencies. Yeah, I just don't understand Where the difference is and if we take a look, I mean price action is just price action really If you really like a project, don't worry about the price action because at some point it'll Probably uh perform pretty well or hopefully perform pretty well And I'm not saying that every superior project will win Take a look at vhs versus beta max as a history example So we take a look at like what's going on with the price action not too great No, honesty I mean, do we have a nice little high here 15 cents? Now we're there, but uh, let's see. Where are we? Total supply 21 million 21 billion. Excuse me. Come on billion. Jesus And then max Now you've had some spikes try to do well. Will it be the dominating thing? I'm not for sure So I don't own anything. I don't own any of it, but that's not uncommon Uh, there's a lot of things I do not own But uh, I will not own digibite So that's it. If you like digibite stick with it. Have fun Ah, well that was a long time There's a there's a long section just on digibite last question Oh, that was the same question for all you don't even know digibite You know, it's gonna be a good question when you start out with bro All right Rob Kevin rob good stuff as always sir. I need to follow the young keep an eye on the innovation future is bright Yeah, thanks Thank god max came by to to give us a little education about the problems that are going on with millennials right now because Really if you think about it, what are the options if you're a millennial You job the job jobs aren't paying that great. I mean there's a lot of jobs out there But I mean how are like really well paying jobs? I have no idea. I'm not in that market But as far as what I hear Even if you do get a great job, what are you going to do? Well, you got Inflation spending out of control. You got the government printing like crazy CPI numbers just came out and of course, what else can you invest into you can invest in property I invested in property years ago and it's paying off now. You can't invest in property right now It's insanely overpriced and then of course, what else you got the stock market I mean that's kind of some days is good sometimes it's a free fall But then you got to deal with all the manipulations going on over there. Good luck I mean cryptocurrency now that there's not any manipulation, but at least here It's a better asymmetrical bet than what you're going to find and go on like well, just give me an s&p 500 That's That was interesting conversation. So Yeah, so joe says and I'm I'll leave it up with this Rob beta beta was better than vhs. He lost me the example Yeah, beta was better than vhs and look who won vhs So I'm telling you not all the time Is a superior technology The winner sometimes it's just happenstance. Sometimes it's great marketing Sometimes the team that you build around the building are the the infrastructure and the company that you have Sometimes it's not about the product and I'll give you another example How many times have you walked down into a strip mall in your area and going what happened to that great restaurant? Well, it's gone even though the food was fantastic. They couldn't get anybody in there That's what you have to think about and that's how hard it is to get into crypto And that's why I think dollar cost averaging and just being buying some blue chips That's what I do. So that's it. So look, thanks so much for sticking around. I appreciate your light day's video Give it a thumbs up. Thanks everybody to stuck with me with the audio problems an issue with that with the interview I'm trying to clean up the next time. So consider subscribing and we'll see you on the next one. Have a good day