 Welcome back from that report. Legacy is said to be one of the biggest economies or biggest cities in the world. Making money now in dollars is an achievable goal thanks to the multiple opportunities offered by the digital age and globalization. The prospect of making money is tempting, but it is important to stay realistic and understand the risks that come with the undertaking. Now, my guest is a certified blockchain architect and Metaverse expert, Rume. Dominic joins me to discuss ways to earn in dollars to mitigate against the free fall of the Naira. Good morning to you, Rume. Thanks for joining me on Business Insights. Yeah, best morning to you, my regular trade. Thank you for having me. It is indeed a pleasure as always. Rume, let me just start this way. You're talking about earning in dollars. I've not seen dollars in like a while. Dollars like very scarce and essential commodities as it were. With the free fall of the Naira, let's just start that way. What is really going on? Because it's as though the Naira is just falling. I hear it's about 1,500 Naira right now. Actually, this moment is almost 1,600 Naira for $1 at the moment. So you can imagine the importance of this topic, how you can actually earn in a stronger currency against your own currency that is already depreciating. You know, this topic is something that is very catchy to people. So I want to start by putting your mindset in that particular space. Now, imagine for me, how did I start earning my first dollars? So just imagine I was a member of a community and the members of my community were getting scammed. So it happened to me because of position in part time and I was also prepared for the opportunity. So the members of my community, they were getting scammed because they were trying to buy cryptocurrencies online. And then I saw that and I decided that, okay, let me write a post about it and I wrote a post about it. And I started seeing that about a lot of people were engaging with that post. And because of that post, it provided a lot of people information to start trying to mitigate against that situation. So they all started gravitating towards me to be able to get that particular service. And another thing too, because I wrote that particular post on the WebTree platform, the post started earning or growing, having more impressions and then started making some dollars from me as well. And today that post has actually earned me some amount of dollars. So it is usually most I'm seeing an opportunity taking, having a skill that is already that particular niche, that the opportunity has presented itself, then taking hold of that opportunity. Alright, now, so let's just get to the crux of it as it is right now because a lot of people, and also myself included, are wondering, you know, some of these things that could be done, the ventures that one can get into legal ventures that is without having issues with the law, you know, so that we can actually both file all of these economic issues that we have. Let's give us some of the tips, let's just get right into it. Okay, so some of the trajectories into making dollars legally, you can see it can, even be from a non-technical skillset like writing, just like I said, I made mention of before, right? You can see that it can also be from a technical skillset like maybe engaging with the financial markets. A lot of people right now, they have, there's like this crazy, this crazy around the Gen Z generation, around this particular generation, the modern ones, they want to be able to engage with the financial market, they want to trade forex and all that, and trading can be one of the most common ways that people can end cryptocurrencies and digital assets, even foreign currencies in 2024. You see, whenever you buy these different currencies and exchange one pair against the other, just like if you had, like now, if you had actually traded the Naira against the dollar, like I think there was a point in time when I was on this show too, and there was a very bad situation in the country, and I also predicted in my speech that the dollar was going to hit above 1,100 at that time, and you can see if you had just traded that particular information, you'd have been making so much more money to give because of that information. So people can make money from trading as one of the ways to end this currency, but they must have access to good information. So let me button, let me button, Roman, let's take it a bit by bit. You talked about trading now, but it's not something that one could just get into like that. I'm sure one needs some sort of information or is it something that would take a while or do you need to go through the tutorials and then how soon can one be an expert in this trading that you're talking about? So becoming an expert is a thing of mind and your ability to focus there and also maybe a space of maximum two months, right? If you're actually very focused in, not like so experts in trading, but at least you can move from a beginner level to an intermediary level. Now you must, education, one of my mantra is this, you need education to build and establish an economy. You need education to build and establish an economy. And for you to also be successful in this niche which is traded, you must get education. And one thing we'll do at our company is we provide this form of trading education for cryptocurrency and digital assets. Another way people can actually trade this market is by providing services in terms of people, a lot of people want dollar. A lot of people want foreign currencies. You can tell them that you are providing such a service, link them to a major supplier and then you can naturally add some money on top. Like some of our affiliates in our company, what they do, if I say, okay, I can sell to you because of the scarcity of the dollar right now, they can say, okay, I can sell to you maybe $50,000. And then they come on a big company like us, like Vorem, and say, Vorem, we want $50,000 for sale. And then Vorem cannot say, okay, $50,000 that you want is maybe $1,530. You now you can put a spread on top, right? And say it's $150,000, I'm able to make $20,000 on top of that volume. So let's say if you do a volume of $50,000 the last time, so $20,000 becomes profit. So you can also leverage around the chaos happening in the markets of this dollar hike and also be able to make money because in every crisis there's an opportunity and because the opportunity of scarcity, supply and demand is always there. You can make money using avenues like this. Okay. It's more like using a bigger company and then you yourself, you are able to say you offer that service and then you are making money from there. Another way too is that, you know, the skill around this, like I understood, I got to, skill is an important factor in any foreign currency. Like, you know, some of you can get the skill of programming and then, okay, like I was saying, it's not really, we must not export cash crops to the old world. We can export our talents. We've seen that in millennial generation now, what we've been able to do in Nigeria is that we have, apart from exporting crude oil, apart from, even in worry, apart from exporting crude oil, which we are known for as the oil city, we've also been able to export some tech talents, like for our company. Some of them come and they learn solidity programming, they learn crypto finance, they learn AI and crypto currencies and some companies in U.S., some companies in Australia, some companies in U.K., they are in need of this type of skill and because they have already learned this type of skill at the academy, they are not able to get employed and they start earning foreign currencies. We have a student like that, that is currently earning about $5,000 and is able to support his or his parents and every other person is able to put one or two infrastructures on ground because he was able to acquire these skillsets to give both steps forward to also be able to collaborate with other companies that is doing that same thing in his niche. So these are some of the ways you can, like, read that event. Okay, let's talk about digital assets for one minute. Specifically, let's talk about the cryptocurrency as it were in its entirety. How is it really doing? Because before now, there was a bit of some sort of volatility in the crypto market. With all that is happening with Naira, is it the right time to really invest in crypto? The right time to invest in crypto is depending on your conviction and you knowing the market cycles. I always tell my students that whenever they listen to me or whenever they learn with me or whenever they invest with me, they start from a place of success because with me, I've had over 5 billion experience in the industry of cryptocurrency investment and they are starting from a place of success. They will never experience the failures that have experienced in the past. So this is the advice that I have as regards that question. The cryptocurrency market is just for cycles. And before cycles, I'm going to be very specific this morning about it. We have the crash, we have the resets, we have the halving and then we have the pitch. Now, these different cycles happen in 4 years. In cryptocurrency, there is something called Bitcoin halving that always happens every 4 years. Coincidentally, you can use these events to actually understand and follow the cryptocurrency cycle. Now, remember again, I said the cycles are just for the resets, the crash, sorry, the resets, the halving, and then the pitch. Now, in 2020, Bitcoin crashed so much, right? Yes, it did. And it crashed to 15,000 on the last. 2020 was the year of the resets. Now, it went from 15,000 on the last to this current level where it is now, about 50,000 on the last as of this 2020. In 2020, it was about maybe 49,000 on the last 40 years. I think it got about 49,000 on the last. Now, 2024 is the year of the halving. It must have been year that Bitcoin is going to halve this year. It's less than 5 days to the next Bitcoin halving. And that event is the event of the cycle of the market that is called the halving. Whenever that happens, it means that the supply of Bitcoin that is being put into the market will be reduced because there are only going to be 21 million Bitcoins available in the world. And of course, there are over 8 billion people in the world. Imagine 21 million bag of rice to feed 8 billion legations this morning. There will definitely be war. And there will be a lot of people demanding for that 21 million bag of rice more than the supply will be available. So because of this event, Bitcoin, there's something spectacular with Bitcoin. The supply of Bitcoin reduces by half every four years. And it's going to happen again in this 2024. We've always seen a very amazing shoot up or pump in the price of Bitcoin during this period and this season. So with that said, after the halving, we will not get what to pick. Which means after that event, Bitcoin will continue to pump to reach a new all-time high. And this has happened consistently in 2020. And we experienced the peak in 2021 before the crash. This also happened in 2017, right? Yes it did. And over the years, it has actually what's happened across the different data points. You know, the secret to charting analysis installers look left. And when you listen to the world over the years, you know that it's a term of the past that is looking left already. So you will definitely be successful following this. And the best thing now, you can get into the markets, but by August 2025, you remove every single one of your assets because we will be experiencing a volume in the markets. Thanks for the warning and thanks for that particular insight. I'm sure lots of people would actually be happy to hear that and want to guard against that. We've talked about trading in foreign currency. We've talked about selling digital skews and all of that. They also just spoke about the cryptoverse and then the volatility, the growth and all that has happened in the past years. You know, I just want us to talk for a minute now before we wrap up this session. Everyone is talking about artificial intelligence. So in all of this, where does it really come in? How can you exploit the fool as to making some dollars as it were? It's just becoming good at what you do and turning your business to an art. Like for me, I started as an electrical electronics engineer from Covenant University in my trajectory. I saw that technology in the future will take over. So I started looking at blockchain and I also did upskilling of myself in the Metaverse Web Theory. And now in artificial intelligence, in these different fields, I have books in these different fields supporting textbooks. Which means I have been AI, I have been blockchain, I have been Metaverse as a theory tech motor. So you can see that people, because I've perfected my craft over the years, I can easily demand for $1000. I can easily demand for $500. I can easily demand for $5000. I can easily demand for $10,000. And because I've actually over the years, on every of my bets, they release the book. I've turned it into an art. So every of my bet, the people are now expressing that, okay, this man is going to celebrate and also give us something that is going to be educational and change our minds. So doing things like this, we see that you can actually demand higher in any distance like foreign currency. Now, when you talk of this artificial intelligence as a skill now that you now fall in love with, you now get better. You now say, I want to get into some communities. I want to be able to upskill myself with one or two certificates. Definitely, you know, the world is already not going, the world will not recede back in technology. And this is where the uncommon advantage comes in. So connect your gap and you'll make a lot of money. All right. Thank you so much, Ruma, for all of the useful insights that you all share on the program. But just one more thing before we let you go now. Still talking about the free fall of the Naira. Do you see this particular trend going the same way in the next few months? That's the Naira fall in. Ruma, did you get my question? I got your question. I had to take a deep breath. Okay. So I honestly would pray that as a country, we're able to export some more. So I have more foreign currencies in our reserve. I also hope that some of the policies that the new civilian governor is also doing. They recovered some of the dollar recently from some of these policies that he has put in. And that has seen that we're having more dollar reserves. This is my pessimistic that the trend slows down in the next three months, like you have said. But looking at it from a brother perspective, I think we might just hit, we might probably, we might just hit 2,000. All right. Let's just hope we don't hit that. And just hope that all of the policy or policy dynamics that the federal government is working on gets to bring us some sort of uhuru at the end of the day. I've been speaking with some certified blockchain architect and Metaverse experts. Ruma, Dominic, thanks for your time this morning. Thank you for having me. Uhuru. All right then. That's the size of the show. Many thanks for being a part of it. I'm Justin Alcadone. See you again next time.