 Great day. We got a lot of things to cover and not a lot of time So I'm just gonna tell you right now that the crypto market is crashing I think we can all see that around it So I want to give you a little bit of perspective and talk about where I made all my money hint It wasn't in a bunch of these bull markets So I want to talk to you today about just to give you a little perspective first of all We're gonna take a look at Simon Dixon. He's been an early investor since 2011 And he gives you some bulletproof advice for surviving and thriving in these bear markets Also, we're gonna take a look at what I call the good news Fidelity is gonna get into retirement savings account. We're gonna talk about just how much that could actually be We're gonna take a look at how even Congress 21 members are getting into it. And then also we'd take a look at how Fort Worth in Texas my great state is the first city in the US to mine Bitcoin So if you don't think things are bullish, well, you can just take a look at the market itself And that'll just show you what's going on. So let's just break into it, shall we? So let's first do a market recap and see exactly where we are at. So Today not a great day But it is the bear it is the bear market. Let's just call a spade a spade, right? So what I want to do is just show you that these are the bad days and these the days where of course you can short it You can go long and what if not go long, but these the days that me and a bunch of other people actually live for as the price starts to go down and I Talked about this numerous times. I mean, I said look there's a there's the earnings week is coming out Maybe the earnings are good. Maybe the earnings are bad for the digital market. Are we correlated? I think we are and you can see it right now like we're down 5.4 percent an S&P Down to 1.9 which almost 2% which is like a horrible day for tradify and even like again Nasdaq Which is what we're more closely correlated to closely correlated to is 4% here. We are 5.4 So again, I mean, hopefully it picks back up, but is that the big thing now? I'll show you exactly what I'm talking about and again. This is just one of those days where you have to just take Just call a spade a spade and said look we're in a bear market and here's the thing You're gonna be going around and you're gonna see a bunch of negative news You're gonna see stuff like this all over the place You're gonna see how you know, is it time to get out? Is it time to sell? Is it time to and they remember news is great If you want to have anxiety and you want to just you know hear all the bad because sensationalism Totally those sell and that's just how it is. So everywhere you look you're gonna see some pretty negative news But again, if you're here for the day today, that is not what this channel is about This is not investment advice just investment opinion, but I'm here for the long haul and I'm telling you right now These day-to-day operations is not where it's at I'm gonna talk to you real quick about where I made all the money if you if you're new to the channel This this is no surprise to you But if you're not I mean if you're not new if you're new to this to this channel, this is no surprise This is where I made all my money and like I always talk about when in doubt zoom out But this is the Bitcoin chart we can go all the way back to 2014 if you want to it was worth nothing But this is when I started right around here Yeah, November or so when it actually went up to around 19,000. I thought I was a genius see this time frame February 2018 to around right here December 2020 this This is where I made all my money. I don't make money up here buying and selling little stuff right here And of course, I mean you can find those those altcoin gems and things like that But I'm not making money right here. I just I'm stubborn My dollar cost average and I just go this way and that's really what it comes down to that's where I've made all my money It's not rocket science. It's not something that it requires a degree to understand It's just time in the market is more important than timing the market. That's gonna lead me to my next point I'm gonna introduce you To Simon Dixon and if you haven't followed Simon Dixon He is one of the guys that if you go to any video on my channel. Let's see here Let's bring this one up. Let me pause this if you go into The links down below in description These are the guys I watch all the time coin bureau CTO larson the best answers in the crypto verse hash Oh, she biggie crypto stash and Simon Dixon You can find his information and his link right there and you can't miss him He's got the worst thumbnails of all time, but it doesn't matter about the thumbnails because he just gives look at this Goofy But he does like the greatest advice he's been investing since 2011 and what he's gonna share with you right now is pretty much Just gold. It's about two minutes and this is where we're at in the bear market So just take a listen. First of all, let me stop the screen Let me share it the tab so you can actually hear what he's saying He talked about how to survive a Bitcoin market. So just take a listen. Let me mute myself The individual the company in the country now Bitcoin bear markets are awesome for individuals for a couple of reasons The first is that there's less noise when there's less noise you get to consume content like this from people I don't want to toot my own horn But there's not a part of Bitcoin and the crypto sector that I haven't seen having been there right from the beginning So when I share my content, I'm sweet speaking from the perspective of somebody that has achieved all of My wealth by investing in the sector way more than I could ever imagine I was deep in debt before starting trying to create a bank And having supported over 150,000 investors Creating the largest community of investors investing in this sector right from the beginning From the foundations of Bitcoin to the foundations of Ethereum to all of the companies in between and all of the different booms and busts and cycles that we've seen in between and Those that have become incredibly wealthy and I'm talking billionaires Were those that had a longer term perspective and got back to basics And so the great thing about Bitcoin bear markets is Those youtubers that were just pumping leverage trading and wrecking all of their Subscribers that were looking for the next big shiny object and the next Bitcoin killer and then the next Togecoin killer or she burino or all of these different things They all get wrecked. They lose their money. They over trade. They speculate. They create tax liabilities And the YouTube influencer that was pushing what they were being paid to push Disappears during the bear market And you just get the real community of hardcore people that are having the time of their life Because they get to accumulate Bitcoin at cheaper rates the longer the bear market lasts So if you're living by a few of my mantras the mantra that I used in order to take myself from a hundred and fifty thousand Dollars deep in debt. In fact, if it included my mortgage, which was about two hundred thousand dollars three hundred and fifty thousand dollars deep in debt To achieving more financially than I could ever imagine possible Was because each month I set myself a goal that I would have more Bitcoin each month and I did the previous month I measured my wealth in Bitcoin not in the dollars That it was so during the crashes my dollars or my pounds or my euros or my yen or my Remy would buy me more Bitcoin. And so it's a big shift in thinking And that is what has worked for many of the wealthy investors at bank to the future So two things for the individual I'm sorry about that. So, yeah, that's just it. It's the the basics of basics I know like when people take a look at this and like First of all, I know if you just got in you're probably hating me right now because you're like How dare you say those as I see my portfolio just keep going down and down and down trust me I've been right there and I was just as ticked off But as you were when I would see these people going, oh, you just got a dollar cost average just get into it I'm like, how do you know me? You don't know me. I Know you because I've been you. I know exactly where it is. I can't give you financial advice I can just tell you what my story was and that's where it gets to me. So again, you can find this gentleman The link below for Simon Dixon and he's got great advice He's been one of the early investors into Coinbase and a lot of different Exchanges cracking and stuff like that. So he's been around we've seen it all and just the same thing that that keeps saying It's again. It's not rocket science and this again is why I'm also still bullish because it's all about being future proof And we just take a look at what's going on and what's happening right now In the space itself, which if you take a look at it, this is one of the reasons So there was a great story. There's a bunch of great stories actually fidelity There's also the Congress and the Fort Worth, Texas. So check this out So fidelity is gonna allow retirement savings allocation of Bitcoin and 401k accounts and Before I go on Why is this so important that fidelity is gonna allow this? It's because of this, you know much money's out there sloshing around in the world Well, I always talk about this visualization. I'm gonna start from the ground up There's over a quadrillion. That's a real number quadrillion of money each one is little squares is a hundred billion dollars and this is These are contracts options swaps. These are all derivatives That's over at a quadrillion just for that maybe 500 trillion give or take a couple trillion Who knows and then if we take a look at global wealth 360 trillion take a look at real estate 280 trillion global debt is 250 trillion This was in 2020 stock markets have just a measly roughly a hundred trillion. So when I think about this and I'm like Where can it go? The question is like well, how much money is actually in retirement accounts? Maybe take a look at this. This is from March. Jeez. This is March 22 22. This is from ICI global who's that ICI global? Leading associate representative regulated investment funds It's members managed total assets of 31 trillion in the US serving more than a hundred million investors So it's not just some fly-by-night company. This is what they say There's almost 40 trillion dollars in retirement assets. So when I see these types of stories, I'm like this is just the beginning This is great Fidelity level retirement accounts Micro-strategy shocker with the first employer to use a new product Which we made available to other employers by the middle of the year David Gray had a workplace retirement offerings said yes We're gonna start with Bitcoin and then we're gonna move on to other digital assets in the future And that's just fidelity and they've got trillion of assets under mention I want to say 2.3 correct me in my in the comment section, but that's just fidelity so we take a look at that and then we take a look at This little gem congress members are tiptoeing into crypto This was just a research analysis found that 21 members of Congress or their immediate family traded crypto crypto investment products and stocks In crypto related businesses and out of the group Seven members serve on committees in the Senate or house that hold key regulators accountable to me This is just they're raising the the the alarms right now Which is kind of funny because no one raised alarms when all members of Congress were investing into stocks Even though they were part of those regulation committees. It's amazing to me that they're just getting that on the table after. I don't know 5060 70 years allowing them to do that anyhow, that's just that part and then lastly more good news As far as like regular regulation, but just as far as like government getting into it Fort Worth which rise out of Dallas is the first city in the US to mine Bitcoin and they're gonna mine it Right out of City Hall So there's gonna be three bit mine bit mine bit main at minor S9 mining rigs We're on 24 hours a day seven days a week and a climate-controlled Information tech wing forward city hall. So look, I know the market is sucking today And I know what it is But like I've said before When in doubt zoom out and you can kind of see the big picture nothing gets done overnight It just takes a long time and that'll lead me to my last point that will conclude everything for the news But I want to give you an even bigger perspective. I'm I had on Steve Erlich. He's the CEO of Voyager He was also the ex CEO of e-trade and he's gonna talk to you about the things that were happening in the late 90s when stocks are being purchased and how e-trade come about he's gonna talk about Amara's law He's gonna talk about just the things that he hears and sees as the CEO of a billion dollar company for all these institutional investors I was given James a lot of slack for it over on the best answers But you know what after talking to Steve in this interview. I'm like, yeah, I see where things are going So check out this video. It's about it's a long one. It's about 20 minutes But it's got great information especially with what's going on this space So let me just pull that up and that is it after that if you want to stick around we'll do Q&A. Here we go All right, everybody. So as promised I brought in someone who could really give us a little bit more Perspective on what is going on. We've got Steve back on the show CEO of Voyager Digital Steve. Thanks for stopping by Thanks for having me again. I appreciate coming back and spending some time with you Yeah, it's gonna be good time So I know you already had a great interview with DJ over at by the sip by the by the dip sell the tip And I want to expand on a couple of things but first before we do that I want to take a trip down memory lane because I don't Because there are people I don't think we understand where we're going until we know where we've been So I want to talk about just a little bit of a Voyager review. How did we get there? Or how do we get here? I want to talk about your first blog post that you ever did around Voyager And I'll see you talk about being bullish in 2019 and we're going to fast forward to the day What are you seeing as the CEO of a billion dollar company and the different things that are going on? Is it the same? There's a little bit different Then we'll go over just the rapid fire review of what you and DJ talked about Which is the Voyager loyalty program five tiers the token burn the block fine nexo Celsius Season assist debit card equities Canada Europe roll out and then I just want to expand the one part Which is what separates Voyager from the block flies of the world In the eyes of the regulators and talk about that new hire of brian brooks From our occ on the board of directors. So What do you think? We got a lot. Let's get going. You know a lot to cover happy to do it Looking forward to it and hopefully everyone listening and watching actually Learn something or get some more clarity on where Voyager is and where we're going I think that's the big thing So let's start here because again, we don't know where we're going till we know what we've been And I know people will say it's easy. Just flip the switch. Steve. Why can't you do that? Well, this is why I've never run a billion dollar company. That's why I'm glad you're here So let's take a trip So in 2018 you guys launched Voyager and then really in 2019 is when things got going So in february You had your app launch on the ios and that was only in 10 u.s states. I'll remind everybody only 10 Uh, and then you only had 17 cryptos available like bitcoin eith light coin and you also ip owed, right? Somewhere around we did an rto. Yeah, we did an rto in february 19 We did a reverse takeover of what was then a traditional mining company Not a bitcoin mining traditional We took that over and got the approval in february 2019. So we were off and running Perfect. And then in march you did the the rewards in august you added more crypto You had a 4x increase in customers You added from 10 states to 49 u.s states plus you added in 3 os territories My new home Puerto Rico and in october you added eight more cryptos plus you did the android app And you had an interest program of three percent bitcoin sound about right so far Yeah, that was really the kickoff time. Uh, was october november 2019 was when we really it was uh consistent I think with noble con Uh where we met a few folks down there and started building the business Perfect now it's both fast forward to 2020. This is the breakout year as I talk about growth comes with growing pains january 2020 usd becomes fdic insured February you acquired circle invest 40 000 customer base for crypto trading you guys really started to blow up September 2020 you increased the yield to eight and a half percent bitcoin and usd and you added up to 50 more cryptos Offering the platform and in october 2020 you had a merger announcement with lgo, which was the french exchange And now that you've taken that over sound still right on track Yeah, 2020 was pretty busy got a lot accomplished and I think when you flip to 21 Uh, we even accomplished more so it was just all part of Kind of growing growing into our body right growing up and maturing this company. I can see that now Now 2021 Growing pains and balance. This is where we all get these stumbles But this is where business has become great in march You had the wait list implemented and people blew me up for that one customer support and new hires In 2021 you had your audit complete because of the the voyager loyalty program or the the voyager swap Quant stamp did that your token swap was ready june 2021 Thank you for the reoccurring buys and a dca available for me in august He did the token swap bqx lgo voyager and the voyager loyalty program was rolled out in november He did the debit card, which I just got mine about a month ago Yep Yeah, I think that 21 was super busy. Uh, I think probably the number one stat in there The stuff that you you you have on there plus, you know, that's In 21 we've opened a million funded accounts and went from 400 250 million of customer assets january 1st to 5.6 billion by the end of the year so In addition to that in addition to scaling the business we we added a boatload of Of customers and assets which really put us on the map and Kind of leads right into where we are into in 2022 Yeah, perfect. No slacking right and now this year So far you've went from 17 in the beginning to over 100 plus cryptos in the platform You got partnerships with dallas mavericks and then also fun strat and microbelling because you're going to also offer equity or stocks On voyager as well And then you actually did a 10x growth and employment in two years Now you've got to over 250 employees And I think you've got a on speed dial for developer deployment and higher ranks so far so good Yeah, I probably had three requests today to sign off on new developers. So, uh, yeah It's non-stop. It is pretty 22 has started off pretty fast as well But as we've stated it's about bringing more product And you know, we're starting to get there and things are starting to roll out Yeah, great. And the reason of course we did this is because everybody wants things now And I just got to remind people that If not as easy as just going let's flip this switch and get this done There's a process to it. So that's what we're at which leads me to my next point There's some things that only you can give us right now as far as like perspective because you've been You've been around since the 90s when you started off an e-trade CEO and all those things So I want to take you back a little bit and just tell us your thought process and how things are repeating or not As far as the market. So this is your first blog post you ever did in 2018 for voyager And you said hey when I started the mid 90s online trading didn't exist So I want everybody to remember that in the 90s online trading didn't exist You had to call your bro your broker They would go on the floor They would start shouting just like you'd see in the old days and then you would buy those Those those purchases, right? The movie trading places what you saw in trading places in the pits That's how it was And john and pete and tom lee all can contest that because we were all around those days and it was mayhem But that's how you did a trade. There was no there was no electronics in in trading. There was no electronic trading There was no send your trade down to the internet, you know, the internet barely existed Uh in the mid 90s, so We've come a long way, but people fail, you know to forget that that was only 25 years ago It wasn't it wasn't it wasn't a hundred years ago Like when cars, you know when when henry fort took the first car, right? I mean this is 25 years ago And we've come a really long way when it comes to the financial markets But it's interesting because we do make those You know, we're going to go into it the similarities and differences from crypto to the financial markets And there there are a lot and and we'll get into that but I think that People have to have that mindset that even when companies like e-trade and and ameritrade and schwaab You know were built and schwaab was a big brokerage house Before electronic trading, but then e-trade and ameritrade really jumped on the electronic trading bandwagon It took years to build their systems before they even got started to the marketplace Like e-trade started building their systems in 94 Then brought it to the market like 97 98 and and so three four years before they even took their first system into the marketplace So three to four years now we bring crypto companies to the marketplace In a year or two and you're expected to have the same Quality systems that those guys have but by the way we passed them in quality because they're legacy systems now because they're 25 years old And you know, that's the similar that's some of the similarities and differences just on technology Yeah, and it's the same thing here like you talk about because we've got crypto We're moving into the next generation and just because of e-trade and that technology the birth of online trading the 90s Went from 5% and then previous wreck from the previous decade to over 20% that's a pretty big jump in my opinion Yeah, and it's probably the data today probably in the electronic trading because institutions in the 90s You know when it started and then even in the 2000s, they weren't a lot of institutions still trading electronically Yeah, and they were still calling down To their brokers on the otc desks to do it Now today institutions still do a lot of phone business But at the same token they're using electronic systems to execute trades Which is why I think there's such going to be such an adoption In crypto is more and more in you know institutions come in they're going to stop the otc desks as well To manage the orders and they're going to start using you know technology to do that as well Yeah, I think we're right on track and this lead me to my next point In the same year you also wrote this while you're bullish in the crypto market and I found this part interesting this called This thing called Amara's law Which states the impact of all great technological change is often overestimated in the short run and underestimated In the long term. I think that's one of the problems that we have right now With the bear market and you and you talk about crypto should be a long game It's a good strategy with the internet and it should be a good strategy with crypto And just remember in 2001 amazon stock was six bucks less than 20 years. It hit two grand a share So that would be the thing that I come back to you about for perspective Do you see the same thing going on with crypto? Do you see how things are working? Is it the same thing and how do you what do you see as a ceo for these institutional investors? Yeah, that's exactly what I say is that amazon at six bucks, you know to 2020 years later I think the time frame investors today is much shorter than what we thought of 20 plus years ago Um, I think people want instant gratification on a lot of trading, but there's you can have instant gratification on some Uh investing, but then you have to still have a longer term approach Yeah, um, and the similarity to that is that technology infrastructure and technology e-commerce in 2001 were still really early and and the really early days of the internet and most people Probably almost all millennials probably don't even remember dial up, right? I mean Uh, we used the first four of the internet Well, I had a you know when I was using that I had young kids And you would dial up and hope and if you want to use the internet You had gotten knocked off and it's 10 at night and your four-year-old child was sleeping You were kind of like shut all the doors. Hope you don't wake the kids up Because the sounds were so loud You you would wake the kids up and and you would get yelled at for that You know in your own house and you were like wait a second There has to be a better way and eventually it came which eventually led to more e-commerce adoption And therefore amazon and others started to really excel same thing here now, right? Like a lot of the tech companies are under a ton of stock pressure We're we're growth companies and You know the growth of our companies will come over time as we keep getting more and more customers And crypto as well as more and more people are Entering the space and becoming part of this. This is the new infrastructure And we'll see all that happen now Over the next 20 years, but you can get instant trading and instant success But you also need to have some patience, you know for long-term success too. Yeah, I got you So before we move on the next one just real quick. What do you see as far as like the institutions? Are they being on the door? Or is it not even a big thing that it's like, yeah, we'll get to it at some point Oh, I think institutions are beating on the door for both crypto and crypto assets Uh and and getting in there And then companies like ours where they look at it and say, wow, you know, you have 1.2 million customers 5 billion of assets Your stock's been under a lot of pressure This is a really good time to get in You know with with the business so we're excited about that list of people that we talked to But you know, we're so we're so well positioned for us for the future between The loyal customer base we have the loyal token holders or shareholders. It's like we just see we see the end game We see like hey, this thing is just going to continue to build. Yeah, I think Yeah, you guys are in a great position I think the retail investor which is what you're focused on on voyager Is in a fantastic position and we just took a look at the simon dixon video. It's the same thing It's a mentality shift. I never made any money in the bull markets I made all my money in the bear markets just investing in dollar cost averaging. Okay So thanks for those pieces. Let's move on to our next piece Which is the question I have let's do a rapid fire review because you had your interview with dj great guy And you guys went over a plethora of items and it's about an hour and a half long or so So i'm gonna link that video down in the description, but for everybody Let's just do a quick review of what was said So real quick rapid fire review the Voyager loyalty program in five tiers. Where are we with that one? Yeah We had a meeting My team In new york. I mentioned that on the dj show as well Putting the whole process together. We're working on a lot of technology development One of the things I pointed out was the way the loyalty program was built the first time Was simplistic. It wasn't overly complex And now we're building much more complex Which means the system and the microservices we're building are more detailed So it's taking us longer, but I think the benefits people will see Such as reduced trading spreads for different tiers and and more cash back and more vgx I mean, there's so many good things that are going to come out of that that program That's being built right now. That's okay as long as it's safe. I mean we see rug pulls every day So i'm i'm just worried about the safety part sounds good And then actually before I ask these questions, let's just do this because everybody's gonna say the same thing Well, when is it when is it when is it give me dates give me dates? Just like we talked about in the very beginning. It's not as easy as you might think So let's just do this vlp5 tiers token berm The debit card equities canada europe rollout All right, i'm in a long-term frame. I don't really care day today or month in month So let's just say like this. Can we do all those things before 2023? q2 Or maybe yeah, say say them again. I think the answer is yes Voyager loyalty program five tiers the token burn debit card Equities getting actually stocks on to voyager and the canada canada and europe rollout Can we get that done? Can you guys get that done before q2 2023 or even how about this by 2023? Let's start there Yeah, we think we're going to get them all done in the calendar year 2022 All of those all of those done Now oh, you know canon is subject to the osc But uh everything else. Yeah, I think that our goal is to get them done in 2022 by the end of the calendar year Great. So real quick token burn. How are we doing with that? I know you you and dj talk You said look if you wanted the token burn for the different transactions It's not way that much anyhow, but maybe as we move into like hotels and travel and air you know Airplanes and maybe all the different purchasing make online and we can do burns that way. How are we looking? Yeah, same thing. I think in the aspect of Burning tokens that people use for withdrawals or payments Uh, we'll burn some but you know Let's have this conversation with someone over twitter dm today and I said there's only 300 million tokens in the marketplace so what level of burn do you think you need to Uh to really make it impactful. Um, and when you start putting numbers like 20 million or 30 million As impactful to burn Where are they coming from? That means people have to be using vgx to pay for withdrawals or pay for you know Merchant purchases to do that. That's a lot of volume to go through. So I think there'll be a turn I know there'll be a token burn. I don't think it's as impactful Uh, just you know guiding expectations here. Don't think it's as impactful as people who Keep mentioning it on twitter. Um Yeah, there are a lot of trolls that do mention it on twitter too, but I think it's not as Yeah, hopefully elan gets that You know Fixed right? I mean that's what we're all hoping for that the bots and the trolls You know at least the bots come out. So But I do think it's it's not It's not that many tokens in the marketplace. It's 300 million tokens And they're going as I said to dj when we have this marketing pool It's going back to the users of the platform. So shouldn't people be excited about that? Like I'm going to use the platform I'm going to use the debit card. I'm going to trade I'm going to hold assets and I'm going to get you know more tokens back for using this aren't you excited about that You know, there's other token Programs out there that act like this that people get really excited about And that's what we're trying to do use the platform even things like Log into the platform like 10 straight days and potentially get tokens just like You know, there's usually baseball runs a street game like pick the uh, the guy who gets a hit every day And if you hit a number of days you get some reward same thing like engagement and be on my app and use the app That's even those people using the app are going to get more tokens Plenty and that's that's what you want And I know you I mean you guys have some money in your treasury, but at some point you were talking about a buyback system So I mean great. It's not going to create a thin air. That's the big thing fantastic And then the debit card I've been using it so far The only time I got it rejected and you know about this is because I try to pay a huge My irs bill It was a high five figure number and I didn't realize that there's a limit But that's me. That was my first purchase. I'm like, well, I'll just go down the street to uh To subway and get a sandwich and that worked and then every other place I've gone to the you know, it's it always works So, uh debit card, I know you're rolling those out. How we going looking for like to the masses In a 2020. Yeah, so Oh, no, no, no much before that Uh, and I think your issue is you probably try to use the routing number and account number which is still being tweaked and You know, and that'll be done. You know, that'll be done by the major rollout and it's not that far away We're very close to getting full sign-off from metropart and commercial bank Which is our banking partner and uco, which is our program manager Uh, to also public companies And because they got to go through all sorts of compliance checks bank secrecy act and Other olfak checks and all that and we're really really close and we're going to start bringing more and more people on to the Into the debit card inviting them to use very, you know, very very very near future Uh to get more people on it and start rolling it out Then when we get the full go live from the bank, uh, we'll roll it out to the masses But it'll be done. It'll be into the masses by the end of june. There's no doubt about that I got time sounds good. And then lastly equities stocks How we looking for that one and that looks like a partnership between you fundstrat and market rebellion Yeah, I mean most of the work's being done by our market rebellion buddies Uh, but fundstrat has some good research too that we can incorporate in By the fourth quarter calendar quarter of this year. We expect that to be rolling Um and excited by that because I think your first foray's equities will probably look at some options in there Pretty quickly after that as well Gotcha and in canada europe rolled out same thing into 20 33 again I got time probably because I have it and that's because i'm not i'm not impatient on that one All right, so this will just let's finish this up with this one I think it's a bigger to expand On what separates voyager as a broker from the block fi is the world Yeah, as far as the regulators as people know who have fallen this channel We've seen this happen with a season assist letter with block fi nexo And then recently april 15th celcius said hey if you're not a accredited investor You're not going to be able to earn yield past april 15th If you aren't a credit investor and everything else else that you have on april 15th and before you still will I'm moving forward. We can't because the regulators are working with so How you guys differ what's how does that work out and then is brian brooks the former occ You guys hired as to be on your board. Is he like the ace in the hole and what has he given you as far as like advice? Uh, look, I think brian is Very well connected I've spent some time with brian Down in bitcoin 2022. I had him in the pod that interview will come out shortly Where we talked about regulation and talked about his experience with banking You know great person. I love spending time with brian And he is one of one of a he's a key asset for us because he is so well connected We get to speak to people we get you know get information about what's going on In banking and and crypto, you know industries Uh, but we we differ from those guys in in quite a few different ways one probably the most Most most important way we think is what we do with the assets We strictly lend the assets to major parties where others were actually prop trading And they were actually, you know, I think block five might have had five percent of gbtc at one point in time And people are doing things with the derivatives on that we haven't done any of that and We believe they're customer assets So the way to generate the rewards was to lend an hour and give those rewards back to the consumers now I also said on the you know on dj is that you think about this is that you have an eight percent Inflation right we have hyper inflation It doesn't seem like just any time soon And you're getting rewards on usdc at at nine percent And some states don't want you as an individual to be able to earn nine percent Which just offsets inflation which basically helps you stay Trading water when prices are increasing your dollar you earned a year ago is only worth 92 cents now But hey go go go buy those same goods which when you think about it also leads to a recession Yeah, because You know if you can't buy the same goods at your local hardware store Supermarket and you're buying less their profit margins will be less So what what do companies do when their profit margins are less? They go to their highest cost. What's their highest cost usually employment employees So they cut employees They cut salaries they cut employees and cut bonuses that means the disposable income people have to reinvest goes down So isn't crypto doesn't crypto serve as one of the answers to offset an inflationary environment and A recession it surely does to me truly does to a lot of economists Uh, and why are we letting people outside the us? Earn rewards when the us is you know pushing back on that stuff So to me, I think the differences are as I said how we do the assets how we Talk to customers our information that we put out there I think one of those parties didn't you know didn't properly disclose Or said that they were fully collateralized when they weren't You know we lend it that's what we do and So we think there are significant differences Gotcha So I guess just keep working with the regulators until we get the place where we want to be Okay, so Steve that is it for for this one any last words of wisdom for the retail investor out there Uh hitting being hit hard with this uh bear market Yeah, I would say you know Money is made in the bear markets to be honest with you It's you know, you have to have a little bit of a gut to do it And you know a thick stomach you've got to be able to You know keep investing in Find the the opportunities on the different coins that you're comfortable with This is truly when millionaires get made as in the bear market by making the bets Making taking the opportunity to invest And doing it on the dca basis too, right you keep you keep pushing that point home And I think that's important You know, you don't have to take your your whole 10 000 embedded right now You could do it over $2,500 bets Uh, I should say bets for $2,500 investments You're over time. Uh, you know, so just keep doing it that way. I think that's the right way to do it Rather than trying to make one investment and one big dollar's right away dca away into different coins dca away into different stocks And you you'll you'll you'll come out in the long run the markets will rebound at some point here It's just a matter of way A short-term pain long-term gain. Yeah, exactly right and two things Um the first part is uh as far as like betting there's no regulation for that So go ahead and just do whatever you want as far as betting and gambling in Las Vegas And the second thing is is that peter lynch even said Everybody has the brain power for investing. It's just all depends on do you have the stomach steve? We appreciate you coming by. Thanks so much Thanks, appreciate being here Great and that was it so it was a little bit longer But I think it gives you the right perspective as far as the retail investor. I mean, I know the markets suck I was there when markets suck to 2018 19 20 all the way down, but um if we just Take a step back when in doubt zoom out all the same things I've been saying forever It really does make things manageable and just take a look at the insights of uh some some pretty um Interesting people who have been Down the same path you have when we took a look at simon dixon 2011 investor and now major investor in all these different types of crypto exchanges and you know that And steve who was uh ex-CEO of e-trade and just how far along things have been so that is it So look if you like today's video give it a thumbs up If you like don't like a bit thumbs down But just tell me why so I can fix it and also consider subscribing I think we talked about our time sensitive and now if you got to take off that's cool It's been 40 minutes, but if you want to stick around for some q&a Let's do that right now because there's a lot of questions. I got to go over. All right. Let's go over Let's hit it up so so so Okay I started some because I thought it was so interesting. So let's see here first one. Ah, let's see banners. Let me get rid of this comments Michael michael m it's a live background, but it's fake just like the screen save on a computer Look at the blurred outline around his head. I don't know You can't do that unless you're zack king For green screens. Okay anyhow Great time to buy. I have to agree Dirty dirty day rookie numbers and likes. Yes, that's true Uh, this one here tony and somebody else There hello there rob the mrs. Carol franklin who you recommend to me doesn't seem to be responding to my messages Can you get me in touch with her? I need some of the bitcoin I sent to her to pay the rent Jesus sweet marion joseph So look tony you got scammed. That's just really what it comes down to and um, you see like let me Let me brag something here So you can see what I'm talking about mom ah Okay, look at this out of here comments comments Okay, see that thing underneath me that says dan will never contact you I will never contact you period and then also If it's from an email or something. I don't know how you got in front of this person if you're not a Bought yourself which I'm highly suspect that you probably are but just so everybody knows I'll never contact you I get 20 offers a day for some stupid Project that's out there that I never I mean 99.9 percent. I don't even look at anyhow and only the ones that people bring to me so I don't need you to I'm not going to reach out to you because I need you to help me with finding projects. Trust me I got that taken care of so I will never contact you. Let me say that again I'll never contact you period. So then also there's a video you should check out Because people say oh well it's from your email. Well, it's because they can spoof emails and it's very easy to do I lay it out exactly how they do it and how you can check it very easily with a very nice piece of information from google so Just check that out Just look up digital asset news lost everything and you'll find exactly what I'm what I'm saying here I hate to be harsh on that one But it really does Like get to me the scams are not and you guys know that so like when I see these things I'm like come on He's serious. I even on every single show. I got a thing that right underneath me. It says dan won't contact you unbelievable all right Off my high horse. Yes, I know and then I bought a long gate. That's my I'll never see again. Yeah, you know, it's a lot of a lot of trash out there. Sorry Um Kapokon says used to buy lots and lots of coins. I'm going to focus on specific projects that way. Hopefully better You know what? I can't give you the best advice, but that's what I've done Like I used to buy a ton of stuff in 2017. Most of it just went to zero. So live and learn I guess Rob will jump in the pool and Bitcoin is 100k. Yes, I will and then alchemist He says cash is trash Um, I don't think alchemist believes that I gotta tell you cash is great If you want to like Like hide transactions like there's nothing better than cash nothing. It's why the cartel It's it's the currency of choice with the cartel And then also our legato says inflation is more like it was in the 70s. You know that in the in the 70s late 70s early 80s Uh, the president of the fair the president of the fair The chairman of the fed reserve vulgar. He actually raised the rates to uh Over 20 because inflation was 14.5 percent. That's what was recorded So right now we're seeing some pretty heavy inflation So I'm not wouldn't be surprised if we see uh Jerome Powell come on and go. Hey, let's start Let's keep raising and we already know he's gonna come out six seven times and do that So we'll see all right. So that was the comments that I started out that were interesting and then uh Cad Nick says Are you buying doge? I did buy a little bit and you know why? Because if elan apparently eon's gonna buy twitter, right and he's got this big Fascination with doge. I was like, yeah finals buy a little bit again Is this something I'm gonna put all my money into no Is this I'm gonna put like 50 percent of my portfolio into no, but I thought eh Why not when I live when I live once might as well just buy a little bit of doge and go from there The majority majority of my holdings in my portfolio is still bitcoin and ethereum. That's just how it goes So yeah, that's what it is Also, if you want to get into if you want to see me do some really degenerate plays Go over to my second channel digital asset news degen That's where I put a very small percentage of my portfolio And I expect to lose everything because it's really gambling not investment whatsoever Ah stefan. Thanks for being a good man. I try Not all the time. That's just how it is. But I appreciate you. Thank you Ah, let's see. Here's a good question Seattle paddler Robbie think crypto being this huge cycle now with institutions being or do you think it'll still fall the four years having cycles? You know, I thought there was a big four-year cycle and we we laid it out and I kind of based a lot of things on it and now I just see like yes, I know the The next bitcoin having is coming up in two years. And yes, there's going to be Less of the supply as I go from 6.25 to 3.1. How it is So I think that yes The four-year cycles will kind of follow but not like it was before not like when bitcoin went up a thousand next It can't go up a thousand x the market cap is just too high right now I mean, I might be able to get to a million dollars or two million that's after a pretty long time again I'm here for the long haul. So to answer your question I still I think that'll be more like a little bit more like the stock market with some parabolic Bull runs up but not like these huge huge thousand ten thousand x type of thing But I do think there there's still some parabolic runs left in it. That's for sure. All right One day at the gym. I jump in the pool every morning. It's cold What about here's another question question number three? What about world mobile token still doing pretty good? I'm hopefully going to meet those those guys in london when I go down there next week. So, um, let you know but Teams are going pretty good. I mean they're still making progress. It's like care about I should do an updated video You need to get mickey walkins on CEO Let's see. What else? No, that wasn't it. Yeah, just Hey, man. Hey great interview DJ so I just I just took what you said and I just kind of I really wanted to get the perspective from Steve because you already asked the questions as far as like, you know What's going on the loyalty program? What's going on with the Europe? So I wanted to get it from a guy who's already, you know, been there in the early 90s Just kind of give people like like us a little bit perspective of what the markets will do and how to You know Mentally wrap our heads around these these bear or bearish sentiments and things like that Investor brent says is there an expo in london? Yeah, it's a guy from coin bureau has put on something I get to talk about How to minimize taxes Probably one of them are boring talks, but it's it's not so boring when you're talking about 20 or 30% losses It's not how much you make it's how much you keep so that's what's up and then Last one we got to get out of here. I'm a holder with too many alts. Someone's suggesting I convert them to bitcoin and eth I'm so underwater Would this make sense right now? I can't give you any advice, but I can just say that right Right now if it was me I don't remember a lot of things are going to zero A lot of these things didn't come back. I I'm not going to give you any advice I'm just going to tell you to look at two different projects a dash of salt And take a look at the crypto dash And take a look at the crypto called salt and just take a look at their stories behind it because What goes up? Must come down and not all the time will it rebound and that's it So look, thanks so much for sticking with me. It was a long one today. I appreciate you guys coming in and just hanging out But that's it for today. Uh, thanks so much and I'll see you on the next one. Adios