 and a click go live, and we should be live. So everybody, welcome to Jalassa News. Take a top stories in crypto, bring on a bite-sized piece. It's today, what you've all been waiting for, DCA. Unfortunately, one of our three amigos is feeling a little bit burnt out. I think a lot of things going on with George over at CryptoZora. So, but you do get me and James over at Vest answers. James, thanks for stopping by. Hello, everybody. Nice. Happy Hallucine. So James talked to me, he said, hey, this is going to be a Halloween show. And I go, that's a great idea. And he's got a cool costume. However, I will say this, we're going to talk about a couple of things and I'll get into the costume in a little bit. But first of all, let me just say, let me just make some ground rules. Nobody do any super chats until the very end because if you do a super chat towards the beginning, it gets lost in my feed because of the program that I use. So please hold all your super chats in the upper right-hand corner. It says no super chats, we'll wait till the end. Answer all your questions. The second thing is to keep ourselves going and moving in the right direction. At the very bottom here, you're going to see we've got our topics. So we're going to talk about the SEC Spot ETF versus the Australia Spot ETF, how they're doing it and protecting their consumers. We're going to talk about charts, 2017 versus 2021. But the reason why you're all here today, I think a little bit curious about this, the metaverse, tokenizing communities. And then we've already seen the ICO craze, the DeFi and how that's taking over. NFTs recently, what's the next big thing? And that's the things that we're going to talk about. So James, what do you think about those topics today? Sounds good to me. Sounds good. And then lastly, I just want to say, I trust capital, if you're looking for a Roth IRA, they just put out some new criteria, not criteria, the way that they're actually put things out. And now instead of just 30 days free, they're giving you $100 in Bitcoin just for signing up. And on top of that, the fees are going away. So if you're looking for a time to start the Roth IRA, links in the description. All right, let's get to it, shall we? So first things first, SEC Spot ETF. Let me share my screen, James. So I want to go over these two things quickly because it's good to go over the basics and Bitcoins while we're out, why everything's moving in the right direction. So the thing that I was curious about is about the whole lawsuit against Ripple. The SEC kind of bringing them in because they're talking about how they need to protect the consumer. And I just thought it was interesting that Australia came through and said, hey, we're going to not approve of the futures, but actually a spot ETF. And here's what we're going to do to protect the consumer. It says, one required for fund managers is that they will need to appoint a Bitcoin custodial expert who was required to ensure crypto assets are held in safe and secure custody. Air gap cold storage through wallets which are subject to robust physical security practices. Redundant backups of seed phrases stored in geographically separate locations are also required, amongst some other things. So I just thought it was just a good way that, hey, if we want to protect the consumers, of course, we can talk about manipulation all day long. James knows about it because he plays in the traditional market space. But to really protect everybody, here's a great first step and Australia kind of beat us to it. James, what do you think? What are your thoughts, good stuff, bad stuff, or should it already have already been happening? Well, first, I think on a per capita basis, Australia is a top five country. They have embraced crypto for a long time and I always try to find a pattern in the country why they embrace crypto so fast. It's either one, hyperinflation or two, they don't trust the government. Or three, they just love to invest in the next big thing. So I'm not sure in Australia, and I know we probably may have a few Australians and that's very late their time. But that's interesting to find out. And in terms of another Bitcoin ETF, it's kind of what I call the mainstreamification of Bitcoin all over the world. It has been Brazilian ETFs, three Canadian ones of Bitcoin and everything else. And the excuse, the cop out of the SEC wants to protect consumers. I mean, if you look at some of the ETFs that exist out there and some of the games that have been played in traditional markets, it's just a cop out. So I do believe the US will get one but it might be six to nine months from now. It's not going to happen this year. And in the meantime, we'll just plug along and money actually drains from US markets now to foreign places. I know people like Kathy Wood who invested in Canadian Bitcoin ETFs. And I know there's a whole bunch of other ETF-like tools in Switzerland and other places in Europe too. So we'll see where it all goes. But who knows? It's a shame that the US is really lagging behind in this regard, but at least we have futures ETFs which are actually wonderful for hedging our risk. So I'm very, very happy about that. And that's too bad. So yeah, sounds good. Now we're going to take just a quick talk about because I've been seeing a lot of comparisons 2017 to 2021 as far as the Bitcoin and how the run is going right now. So this was actually from Twitter account. I think it was devops or yeah. Is that tech dev? Tech dev, that's it. And he put this out and I go, well, this makes a lot of sense. But to me, it kind of seems like, like I just remember in 2017, everything was just like, it was like higher highs, higher highs, higher highs. Maybe I was incorrect in my memory of how things go. James, do you think we could see something like this 83, 84,000 early November? Or is that just pie in the sky? I think 75,000 for sure, 83 is a bit too high. But the way I look at it is, what are the odds of it going down versus going up? So, which is more likely, a $73,000 Bitcoin or a $50,000 Bitcoin. And I think at this stage of the game, just like the article you just showed regarding Australia and ETF, I mean, the money is just every day, every week, there's another news release that says, okay, we have now enabled more pensions, more sovereigns, more high net worth individuals, more institutions to come on board. And you cannot deny that the amount of, the floodgates are kind of opening gradually, but each time one opens, and because this asset is low as a trillion dollar asset or 1.2 trillion or whatever right now, it still is very, very small compared to the amount of money out there in the world, the 400 trillion. So, I'm very bullish for the end of the year. I'm also very bullish for 2022. I don't think we're going to have a blow off top and I don't think the market's gonna crash and I don't think it's gonna retrace 85% that a lot of people are expecting. And I think all the money is gonna go to the higher quality assets. Just, I dabbled a little bit yesterday in some of the metaverse plays we'll talk about. But if you look at just how these things performed, in the last 24 hours, it's just, I call it the ish coin casino. I mean, I bought and I publicly announced it too. You probably saw the alert yesterday morning, rally at 54 cents. It went to 90 cents last night. So within eight or 10 hours, it nearly doubled, which is ridiculous. Now it's back at 60 cents, but the exit was 75 cents. And that's the way you need to play these things. If you are playing in the casino, remember to take your money off the table fast because the opportunity is refleeting. But the really good pristine assets, I think that's where all the money is actually gonna flow and up going. People just playing on these casinos right now and literally it's Bitcoin, it's Ethereum and a few other good names. That's where all the money will end up at the end of this market cycle, I believe. I don't think it's gonna be, Bitcoin's gonna top out first and then they also gonna rally after. We're already seeing some weird action between things like meme coins, now the metaverse coins, who knows what's next? Who knows, I don't know, but I can tell you, like this'll just be a great segue into the metaverse, is it the future? Like when I see what's happening, especially like, I mean, not just the metaverse, but actually gaming tokens and things like that, we'll get in all these things. But I can see where this is actually more of a longer play than of course where we are right now. I know, like for everybody watching this video right now, you're pretty well versed in Bitcoin and Ethereum, what's going on. And then maybe some of you have really gotten into like the metaverse plays or the gaming tokens or NFTs or things like that. But I really think like these things are going to lead us into the next bigger type of stage, but I think it's a pretty long play. Here's what I'm talking about. So when we're taking a look at the metaverse itself, let me just bring this up. It's the most famous one you can say is like, kick me out, what a bummer. Let's see if I can continue as a guest. We're taking a look at the metaverse, it's just like Ready Player One essentially. That's what we're talking about, where you're actually able to go in and move around and look at all these things. And when some people talk to me like, well, why would anybody do that? Why would anybody buy into virtual property? Well, think of it this way, how much of your life is now online? And this is just the very first part. Can you imagine, I mean, back in the day, if I told you that people would just be, they would be looking at their phones 24 seven and ignoring everything else, even nature. Well, that's what it is. Cause we went from not really having too much to being online, to being on the phone service. And now I think the next step is gonna be something that looks a little bit like this. So like this is essentially, this is Decentraland, basically in a nutshell. And then when we're taking a look here, I mean, this is you and people again are like, why would I care about this? Why does this even make a difference? Because everything that you're gonna do, or most things you're gonna do in the future, are gonna become more online and more and more and more and more. So like here's another example, like so James here, James has got a pretty great outfit on Wolverine, right? Looks pretty cool, right? And then, but for our online personas, I think there's gonna be more things gonna be online. So like, like for me, like this could be like my online persona, you know, just moving forward. Or like for this, it could be just like, well no, I identify as a Viking today or whatever it is, right? And then, and then off you go and off you go into something else. But I think where the things are going is that, again, we were more off world and now we're becoming more into this decentralized space. And I think these are some of the biggest opportunities that we can see and they're happening right before us. So real quick, let me just make mention of this real quick, right quick, which was, oh, what the heck happened here? Oh yeah, so in the chats I saw people were like, why is everybody so big into metaverse now? Well, it's because Facebook came along and said we're gonna change our name to meta. And if there's a metaverse play, I don't think there's gonna be one huge just land type. I think it's going to be multiple landplaces as far as like decentralized properties and they're all gonna kind of fit together. And then also, this wasn't the first time I covered this. I actually remember this video that I did. This was all the way back. I'll go into a thanks song and I'll go into a boom. On May 5th, 2020, that's Barry Cyber from Grayscale. And he talks about how heavy they went into Decentraland. And when I covered this, I was like, that doesn't make any sense. And then when I really took into it, I'm like, yeah, I guess I could see that, but it's a very, very, very long play. And I thought at that point, I thought, well, maybe this is something that I should get into. And at that point, this is like, again, this is like a year and a half or so. So when we take a look at this, I mean, May 5th, where are we? This is Decentraland price chart. Let me blow out to the max. A long time ago, around right, whoops, the price of this back in May when I got in, when I made that video, it was three cents. Three cents, can you imagine that? And then today, in the last 24 hours, it's almost three bucks. So these are some, I think, some wickedly long plays, but I can understand why things are going to actually move to this space and where we're all kind of going, because we've already seen it in the past. James, that's my warm-up spiel, what do you think? Well, it's funny because I've been, for the last couple of months, trying to figure out this whole area is extremely complicated. But I do believe there's a couple of things happening. First and foremost, the endemic that we are now in is pushing people online. There's no traditional world anymore, like movie theaters, vacations, live concerts, stuff like that. That's just really ground to a halt. So we're now in this digital world. People have turned their homes into their castles, their entertainment centers, and it's just an endless possibility of interconnected virtual communities. What you and I have here is an interconnected virtual community, people in the chat talking to each other, people in the chat know each other, people in the chat bounce from different communities to another. And that, I believe, is fantastic, because there's so much that we can layer on top of that, in terms of games, work, maybe augmented reality glasses or headsets from Oculus or whatever else, other apps and devices. But the real beauty, or it gets me very excited, is what you can do there. There was a guy called Travis Scott, I think, he had his first concert, and I think it was on Decentraland. And, you know, I can't remember the numbers, but it was in, like, 50,000 or 500,000 people saw that concert online. And it's frictionless. He can do it in a tiny studio and expose himself to half a million people and charge, I don't know, $2? He'll make infinitely more money than he ever would. Going to a physical football stadium with security and stands and everybody taking their share of their piece of money. So I think it's the direct to the audience experience, which is really, really powerful. Now, the other thing is, what is it? And where is it going? So I'm trying to figure out, OK, metaverse. Is it gaming? Is it NFTs? Is it move to earn, play to earn? Is it biometric? Do you create your own families and pets and everything online? I don't know. But when you look at what Microsoft did, they it kind of confused me when they did it. They filed a patent for biometric crypto. Do you remember that? I do remember that. Yes. Yeah. What were they up to? I was like, huh? Now, now the penny dropped for me is like, oh, now I get it. And then you got your dapper labs with the crypto kitties. That was one of the first big plays. But I think for us, we have to think in terms of the creator economy first and you have things like rally, which I dabbled in yesterday. Then you have your decentralization, your dapper labs and your engines and your open seas. And then I tend to like the infrastructure elements of it all as well. Could be smart contract platforms like Chainlink and Solana and Ethereum. There's already so much metaverse stuff happening on Ethereum. It's hard to believe. And I dug into a little bit and I'm just extremely bullish. But the question is, who were the winners going to be? And that's the hardest piece to figure out right now. And that's how I'm going to handle them. Yeah. So I thought about that and I was thinking to myself, well, how is it going to be like a winner, a winner, winner type of situation? And when I was thinking about it, I'm like, well, because we know that Facebook is going to enter. They're going to be huge, right? They're going to make their own little space. And then you're going to have a Microsoft and you're probably going to have an Apple. They're going to all make their little metaverses. But maybe it's just going to be like real estate development. You're going to have one subsection here for a huge corporation or entity going, this is all our space and these are all our strip malls in the house, whatever else. And this is a subdivision. So maybe you would have like Metta, which was Facebook in one section. You're like, I don't like this city. I don't like this city because they're stealing all my data and they have all my information. And I know they're selling it to all the advertisers because everywhere I go, I see advertisements. And then there's a data leak here. I'm not going to stay here. Maybe I want to go over to Sandbox and play in there. Maybe I want to go over to Central and maybe I want to go to some place that is truly decentralized and then when I can hook up my just to get in is just my MetaMask, which just has my wallet, which has no data on me. I want to go over there as opposed to over here. And you can just go to different cities and different subdivisions and go to the places where you want to go. And that's just one thing. And just like when you said with Travis Scott, when he had his his his concert there, think about this way. How how much have we gone into working from home because of the pandemic? It's been huge. It's a huge shift. That's why the the cost of Zoom went up. Not the cost of Zoom, but the stock price of Zoom went up so much because everybody's working from home. So now imagine this. Now they want to interact from home. We want to be on these these online places. What can we do as far as like with commerce? What could we as far as we do with like with advertising? What as far as we do with like selling and reselling virtual real estate? I think that is the big thing. So I think there's a lot of different places that could actually be a huge dent. And the question everybody's asking is like, well, well, before I get into the next one of where to invest financial opinion, financial advice, what do you think about that, James? Yes. So what I'm doing is I'm trying to build my own little framework. I like to put things in categories and boxes. So you've got, you know, the crater economy and then you've got your decentralization and then you've got your infrastructure element and then you've got maybe human interface and then the underlying technologies. I'm trying to break it all out and find out where the money is going to be. Right. Who the winner is going to be. So right now, if you if you take that type of framework, I have investments in engine. Got some rally, as I mentioned yesterday, I am also in things like chilies because even if you look at the kind of the Travis Scott example, you know, even sports are going much more to this whole metaverse, you know, the days, I think I know it's very nice to go to a live sports event, but think about imagining sitting in a basketball stadium or a football stadium live, been able to go wherever you want and see whatever angle of the play you want. That's where this whole thing is going or sitting in a Formula One car. Now, who's going to be powering that? That's a kind of exciting. So I'm trying to figure out what's happening now. And I look at the growth I was interested when I started digging into this is how much is built on the Binance Smart Chain? How much is built on Ethereum and how much is built on Solana? Like you got your Star Atlases and your Cryo Wars avalanches trying to get in with Callio. Polygon is in there, too. They've got like five or six games up and running. Right. And the question is typically, I always say the winner takes all in this game. So what are the winning two or three games going to be? And the thing that you're showing right now on, I think was Decentraland. That's not unlike what kids have been playing for a long time, like Roblox. Oh, yeah. But the question is, what is the next iteration of that? And I don't think players like Facebook will win the day. I think although Facebook has a lot of the users, a lot of the users are now older demographics. You know, the kids don't use Facebook. They don't like if you talk to somebody who's under 15, they probably don't even know what Facebook is. They call it, I think they call it Boomer Book. Yeah, Boomer Book. So that's that's why I think they're kind of they're so desperate right now. They look at their kind of membership falling fast and they're trying to revitalize themselves, put themselves on life support and jump on something else. So I think it's a really lame plan, but I'm extremely optimistic for truly decentralized metaverses that embrace things like privacy and secrecy, because I think people would also like to be anonymous in this world. I think it's a big play for that. Like security, be able to hide away and be your own true self out of this virtual world and set up a business, an entertainment business. It's already happening in many industries, which I don't need to mention, but that's where the world is going. And it's been driven and accelerated by this endemic we're in. So we've seen 10 years of change happen in 18 months. Yeah, it's only going to happen more as we go forward. But the question is, where do we invest? So that's what we are trying to figure out. So, of course, anything that I say or what James says cannot be taken as investment advice, especially in this high hustle and bustle cryptocurrency digital asset space, and especially with what is going on right now. But I will say that when I look at where to invest, this is what I'm going to do. Well, actually, I've already done this. I've already bought a couple of parcels, but I bought this a long time ago on Decentraland. And you can buy parcels in real estate. And James, as you know, actually, me and James both invest into real estate. He just has a higher cost basis over there in California than I do. But to me, I see these spaces kind of like it. It always reminds me of the story of Arnold Schwarzenegger when he was talking about his life trying to get into acting. He was actually a millionaire before he became a well-known actor. And the reason he did it was because of real estate. He was in, I believe, Santa Barbara. Some place in California where he started to buy up just different properties that were run down, fixed them up, and just held on to them and sold them for a mint. And it's the same thing I see now with what is going on with these different types of virtual realities. Because remember, because some people will say, well, who cares? Who cares about a virtual space? Well, imagine if you were in a virtual space and you could, oh, I don't know, maybe charge for your space for as like a billboard, just like you might see an I-25. Or maybe you could charge for the different type of services or whatever type of like skins or something like that that you could get for players as they walk through. It could be a virtual economy in itself. And I think it could work out pretty well. So I see something like that. And then another thing, if you want to take a look at what kind of projects, the easiest way I can say it is like go to CoinGecko and then under categories, you click on categories. And I think like down here under gaming and metaverse, just take a look at those and start doing a little bit of research. So if I click on metaverse, you're going to see some of the big ones. Axie Infinity is really play to earn. And that's that's the first one of the first games. I mean, can you imagine and it looks kind of goofy? I'm not a big card playing type of person. Like I'll take a side scroller. I'll take a retro type of super monotype thing. Sure, the central and things of James talk about engine coins, sandbox, UFO gaming, you know, Starlink, I think we just talked about that, right? That's this on the Solana network and so on and so forth. So that's I mean, that's metaverse ish. And then, of course, if you also want to take a look at gaming, kind of the same thing as they overlap, I'd also take a look at theta because James had a good question. He said, which ones will actually fuel this whole space? Well, that's a lot of difference. It's a lot of bandwidth to take up. Maybe you could have some kind of like decentralized service such as theta to kind of take over again, not investment advice, just investment opinion. James, what are your thoughts? Yeah, definitely. There's just so much there. And the winner takes all. And I'm trying to figure out who is that going to be. But the space is just growing so fast, changing so much. But where will the money eventually be? So if you're going after kids, people think kids under 18 have no money, but they get money for the parents. And I know like funding things like roblox, robux for the longest time, and it can be very expensive. And if you look at exactly how much that business is worth, it is staggering. And then what I'm really fascinated by is the whole Axie thing where you can actually buy your tokens and then give them to other kids that can't afford the tokens and they can play on your behalf and you get a piece of the action. That is just unbelievable. It's not necessarily a preferred way to do things, but it's just staggering the level of development and the fact that the big money venture capital, Facebook, the world, the Microsofts are jumping on board. It's going to be big. I still tend to prefer the safer kind of more infrastructure place. The if you think of the old expression of gold mining back in the day, it's the people that make the Levi's jeans and pickaxes and stuff. That's kind of where I'm going to play. Who are the people powering this? You know, maybe it's Filecoin, maybe it's Ethereum, maybe it's Polygon. Who's providing the security? We'll see. Who's providing the bandwidth? We'll see and stitch together that winning solution, because that's that's where the safety and the money will be and the growth will just be exponential. And the other thing that we need to mention as well for this whole metaverse, very important to look at is the whole interoperability, the ability to take whatever you buy in one world and take it to another world. Right, right, right. That's not fully baked. But once it is, that means it'll be even more important to have the best platform, because I do know from gaming, not that I'm a gamer of ever played, but people tend to get bored with games. They move on to the next big thing. So the question is, what will, which games can retain people the longest and monetize the market the best? Yeah, it's a good one. And it's a it's a perfect segue. I was going to say this till later, but this was Ubisoft. Ubisoft, they're going to invest in crypto startups, pay to play. And they've already been there. They're already here. This was this was going to be actually for the last as far as like, what's the next thing? But the thing that I found interesting was that they had a earnings call and the CEO, Gilamot said, his firm has invested in. Anamoka Brands. That's the one that deals with the sandbox that actually runs a sandbox. And he says he goes, they're going to do a more push to play to earn crypto rewards later on. And he says that technology will allow users to earn content and own content like your skins, like your weapons, like whatever else you can take them like you just said, James, on off ago. But here's the big losers. And I think this is this kind of comes into our play as far as like the banking sectors that are like, no, we're never going to use Bitcoin or decentralization or any cryptocurrencies. I think those are the ones that you blockbuster. And I think this is the same thing here with steam. The news comes after steam announced a ban on games featuring cryptocurrencies and NFTs. And that's the long and the short of it. I think that's a short sighted view. And I think if the job is a company is to figure out what people want and give those people what they want. And it sounds like they're kind of backtracking as far as like an investment type of play. James, what do you think? Yeah, well, you've got to embrace, you know, it's embrace or die is the kind of the crude way to put it today. There's so much change. You talk about the blockbustering of financial services. I probably one of the saddest situations is the reaction from traditional financial institutions in places like the United Kingdom, which used to be the center of the world. And now they're preventing people from transferring their own cash onto exchanges and into crypto. And but people find a way around that like everything else. And I think, you know, those that don't embrace will be put out of business pretty fast. But just the pace of change of this whole world is just staggering. And it's very hard as well for traditional companies to keep up. And the other analogy you can look at is, you know, car companies, too, like ice manufacturers, they're just being crushed by Tesla, like Tesla. Tesla's Tesla's market cap now is the same as the next nine car companies. We're talking Nissan's and Toyota's and Volkswagen's and Ford's and GM's, Chrysler's. I mean, Mercedes, BMW, huge, huge companies that have run for a very long time. Tesla's worth more than all of them put together. That shows you how fast this world is moving. You know, and especially you're right. And especially sorry, go ahead, James. I'm going to cut you off. Yeah, I was going to say just because like, I mean, because tech moves so fast, it's very kind of hard to play the winners. And this is the difference between me and James, investment style. James is has a background in traditional trading. He was risk management. So he's really good as as far as finding the fastest horse, getting on to that one and then jumping around. And I am not. I am just I'm just good at like finding something I think is going to do pretty well in the future and kind of spread things around. And I and as far as like today, I mean, like we talked about the video I did in May 5th on the Central Land or Mana, when I bought that. I mean, I'm up. We I can't even tell you how much because it was like three cents back then. And now it's three bucks. So it just depends. And the brilliant comes down to this. We're so early. And just remember that fortunes are made by buying low and selling too soon from Rothschild. All right. So that's what we got. Let's move into second to last. And this, I thought, again, tokenizing communities. And the example is from one of the amigos, George over at Crypto Zaras. He couldn't be with us today because he's getting a little bit doing a little too much that guy, too much stuff going on. But he's got an NFT and this is what that looks like. So before I go on, just remember, no, please don't put any or buy any super chats because they disappear until so we'll save us for the very end. Thanks. So this was interesting. So George came on and said, hey, I'm going to do an NFT, which is like what a lot of people are doing. But the twist was he put in utility with it. And this is part of what it is. He goes, look, if you, first of all, I think he's only doing like, I want to say it's under 50 of these NFTs, I think under 25, actually. And every week, I think he's putting out five and that's it. So like, here's the ones that are being bid on today. And if you get them, you get access to the the discord with special chat. And it's the air drops, free merch, special Q&A upcoming drops and plus 200 entries for the Glean giveaway, which I think is like his five ETH giveaway or something like that. So I just thought it was interesting how like I hear about tokenizing communities and I was like, I kind of get it, I don't. But when I see what George is doing, I think this is a good, a pretty good step in the right direction. But I mean, what can we do even more so as time goes on? Because I think everything can be tokenized, not just real estates and companies, but I think people as well. So James, what do you think about good old George making, making his way for a little tokenization of his communities? Well, I heard there was another YouTuber that created 10,000 pieces of art. Literally, it's like an iteration of the thing, 10,000 times to sell it. Yeah. And I don't know. I'm much more of the opinion that we need to tokenize things to be able to give back. So imagine, imagine I am a stock, right? Call it IA stock. And if I was in a position to tokenize my stock as the channel grows, as popularity grows, right, commit to any token holders, whatever they buy, they can sell it, make more money in the future. That's great. But any ultimate reward or value of that should be committed to an orphanage or children's hospital or animals. That's kind of that's more the way I believe this world should be tokenized. So that's what I would love to do and work towards, because I have enough money by which to live. I don't need any more. But if I can use my platform to give back and generate charities, that personally is of interest to me. Perfect. Yeah, I agree. And that's why, like, we're kind of the same boat here. That's why, like with the DNews Stake Pool for Cardano, everybody knows every it was supposed to be every week. I would give away 100 ADA. But then I kind of get bogged bogged down. So now I just do like 400 ADA every month. I put out two micro loans on Kiva. And that helps to fund people in different countries, third world countries to start up businesses to get the loans that need because, you know, the banks are awful. So we just do that. And then we just keep giving and giving and it kind of snowball effects. So it's a great platform. We love it. And I'll probably keep doing more of that. So that's, yeah, I can see that. And then lastly, before we take off everybody, this is the big question. That's why I got James, the smart guy here. So we we we hit the ICOs in 2017 and that was a big craze. And then we had the DeFi. DeFi took up everything and yield farming and still going strong. Then we took a look at the NFT craze. Some might even say mean coins, but I mean, they've been around for a long time. What's the next big thing? Besides all the things we talked about, I mean, or you can even expand on the things we talked about already. Yeah, I think it's again, everything is going digital and people can embrace that. That includes the currency you pay. Everything is going decentralized. That means it's can't can't be controlled or manipulated or shut down, which is extremely important in this whole future economy. The other thing that's kind of really important to consider is how it's powered and how people are kept secure and safe I think that's a very important aspect to where we go as well in the future. But right, literally, it's all about kind of more one to one, whether that is an artist like a Travis Scott or a sports celebrity engaging at a direct level. And I'm very excited about this, particularly for people like starving artists. So I remember years and years ago, there was a band called Radiohead and they were tired of the record companies taking 95 to 90 percent. They said, screw this. We're going to release an album and you pay what you want for it. And they made more than they did from releasing their previous six albums with record companies. And it was a simple website, so I think that that empowerment of people to be able to become financially free is extremely exciting. And anybody, everybody has a skill that you need to figure out what it is. And now they've got a method by which to put it out there to the world and have people find it and engage with audiences. And that is the future and that is exciting. But what it looked like, you know, how the creator economy will weave into kind of all things, decentralization and tokenization. And now what platforms are going to run it? I'm not sure. But I'm making I'm making very, very big bets on two big plays. And they are Ethereum and Solana. Because if you look at even the metaverse development on these platforms, it is staggering and everything from gaming to NFTs. The NFTs was the big first big foray into the whole metaverse. But that's just the tip of the iceberg. And there's so much more to come. So yeah, massively exciting, but complicated. Again, we go back to, you know, who's managing the experience? How are you found? Is it through Google or whatever else? Who are the creators? What type of computing power is involved? How decentralized will it be? And I think everybody in the world today wants truly decentralized stuff. And a big thank you as well to the father of Bitcoin. The White Paper's birthday is today. It was released 13 years ago today. So this, you know, we wouldn't be talking about decentralization today if it wasn't for Satoshi Nakamoto. So big thank you to that person, whoever that team is or person is or he or she or whatever else. But that's kind of where I see it going. And it's super exciting time to be alive. The next 10 years are going to be so transformative. We don't know which way it's going to go, but I just urge everybody to get a piece of something because it's going to explode. But you want to be on the right side at the same time. And there is, I mean, it's very hard. And just to build on what you said, it's in the next 10 years, everything's going to look just so much more different. Can you imagine before the Internet came about? I've always talked about this before. But if someone came out to you in like 1980 and said, you know what I need? I need someone to do Facebook ads and also do SEO services and also do a bunch of backlinks so I can rank high in Google. Like what was that Greek? I don't know what you just said. So like as time goes on, things look so much different. I mean, in the next 10 years, the things that we think are where things are going. That's not where they're going to go. It's going to look completely erratic. What we'll just say that not erratic, but just a lot different than what we can actually see in our head. So when I take a look at where we could go, so we talked about the decentralized real estate or decentralized games like the Sandbox and Star Atlas and things like that. If you're going to really want to take a look at like what kind of games as far as like play to earn, my channel will touch on that sometimes, but very rarely. You should probably follow a guy named Crypto Stash or Alex Becker. Those are the ones that go in there every day all day and that's what they live for. So those are the ones that I would actually go to find more information on those types of things. And then I also think about this like with like play to earn. If you're going to look at like which projects actually is for like play to earn. That's what I would look at. There's this website. It's called the Blockchain Game Alliance. These were all the big hitters kind of come together and there is no shortage. You've got Louis Southerly has talked about AMD Galaxy, Boson, Boston Protocol. I've actually talked to those guys. I'm going to cover their their their project and that is about e-commerce in Decentraland and the metaverse. So this is why I think it's going to be huge and because I invest in real estate on the physical plane, I'm going to actually be investing into real estate in the metaverse as well because it's only makes sense to me. What's the other one? There's one I saw Polkadot, Cartesi, Sushi. Well, this is all the things that we don't know. ARC, ARC-IO, all right. Algorand, and then of course down here, it just goes on forever. All the different games that are out there for like play to earn. And then there's another one. What was the other one? There was something beside Star Labs. It escapes me. It doesn't matter. There's a plethora of things out there for you to find out and that's what we got. James, any last words before we get into the Q&A section? Yeah, I was just going to say that there's a lot of activity. Apparently George is streaming at the same time. So I'm not sure if he's burnt out, Rob. I just asked a question. Let's invite Lyn Alden from Next DCA. I had a conversation with Rob before we streamed. I said, we need a lady on here too. We need more representation from the female community. Get more ladies into crypto. Like my audience is 91% male. And I'm not sure what yours is, Rob, but women control the purse strings in most households. But they can't miss this opportunity. So we need to find a way to do that. So any suggestions as well? Collegial, great suggestion here. And there's a bunch more questions coming in. So I don't know if you're going to feel those questions, Rob, from your side. Yes, let me make sure that I get these super chats. I need to, James, remind me, well, next week is on James's channel. So I don't need a reminder. Perfect. Okay, here we go. Why can't I put this up? This is from Kryptonite in my pants. He says, shout out to this amazing community, James, Rob, George, and Mods. Happy Halloween, everyone. Thank you. That's much appreciated. Thank you so much. Soul Striders says, James, should I look at investing in small caps later to metaverse? I think we talked about that. I'm definitely looking at it. James, what do you think? Yeah, so my play is, I don't necessarily like Decentraland because I think I missed the boat, but I've been in Enjin for a long time now and I got into Chili's at 20 cents and 25 cents. And I bought Raleigh yesterday at 52.8 cents or something. I can't remember exactly and it was just staggering, but my plan was always to exit at 75 cents. So remember, one of the key rules to investing is know your exit before you enter. So if anybody saw my post yesterday, it's like, okay, get into this, maybe 50 cents, exit 75 cents. I was thinking, Raleigh might hit 75 cents, one or two months from now. I didn't expect it to happen in 10 or 12 hours. So again, be ruthless with your limit orders and your exits and get out. So this space Soul Strider is extremely risky and many times as well, when you look at the tokenomics of some of these plays, like the tokenomics of Raleigh, for example, it's much more about the creator building their value as a token. But if you are a creator or you buy a creator's token, then it can be very, very helpful. But buying just the underlying asset and holding it long-term is not a good play because of the inflation in the asset. So everybody just remember those little lessons too, as you go forward, this metaverse is very new. It is totally the Wild West. If you think crypto is the Wild West, this is the Wild West on steroids. So be careful what you look at and what you play in. But it's good to have a little bit. So in terms of me, like my portfolio right now is probably 1% metaverse plays, heavy engine, chilies and a little bit of Raleigh. So that's the way I'm playing it right now. I'm looking as well. And I'm also, as I mentioned, if you look at the infrastructure underpinning the metaverse, that's where you wanna be too. That means Ethereum, that means Polygon, that means Solana. These are the three fastest going chains that are underpinning the infrastructure for the metaverse. And that's a good way to play it too. Yeah, and that's a good point, just like we talked about with the gold miners and the gold rush and all that good stuff. All right. And then of course, James, this one is a good one for us. My daughter wants to invest your savings, 8,000 short-term and a Bitcoin to help pay for a Quintanilla. Next July, how should she invest for best returns? Should she have her own account or under my name? Well, first of all, I don't know if kids can actually, if they're, I mean, for the Quince, so like just 14 going for the Quince. So I don't know if, I don't think kids can actually have it because they have to have a bank account and so on and so forth. I don't know. The parent can create a sub-account under their account on things like FTX and then the child can actually manage it there. But that is a really, really cool idea. Yeah, I think considering it's a child, I actually did a video on how to get kids involved in investing. And first of all, it's important that they have fun doing it, but at the same time, don't lose everything. So if you check out an old video of mine, I'll try to add it as a comment as well, but it talks about how you can invest in things like a Roblox stock, maybe some Bitcoin for kind of a future college fund or a party like this. But I would definitely be heavy, like 50, 60, 60% into Bitcoin for safety and watch it carefully and then get some fun stuff too. Maybe a little engine coin or some other NFT play. It depends what the child likes. If the child likes things like art or music or video gaming, they can pick any one of those categories. But that will help them as well learn how to do due diligence and analyze projects. Yeah, it's not a great advice. Invest what you're interested in. Invest what you know. I think that's a pretty good one to fall back on. I remember I had a friend when I got out of the Army, I was a medic and I was working at the hospital. This was like 2001. Somebody had, he goes, he goes, Rob, you should invest in Google. I'm like, why? He goes, well, I use it all the time and it's awesome. Like, that doesn't make any sense. And he goes, no, you should do it. And I was like, you're an idiot. And of course that's Google. That was 2001. All right, so we got that one. This one, MindFed, James, you're a bullish on proxies like Micro, strategy and others. How can you be sure Sailor won't sell their Bitcoin sometime in the future? Yeah, I've spent a lot of time with Michael Sailor, a lot of conversations, he's not. He is a philanthropist, he's all about giving back. He knows where this is going. The simple analogy Sailor looks at Bitcoin is, it's like buying a city block in Manhattan, but a virtual Manhattan. And the people that bought that space a couple of hundred years ago, still own it. The way it works with wealth, you buy a hard asset that appreciates always no matter what, and you never sell it. If you need money, you borrow against it. That's the playbook for the mega rich since the beginning of time. Makes sense. That's how it works. So he's not selling everybody, don't worry. And I've interviewed Michael Sailor for maybe two hours, asked him all the hard questions, not a concern at all. Wash your toes, wash your toes, drop in names. All right, so then here's another question. Jacob says, what do you think of Cadena? Cadena, proof of work. Do you know it? I don't know it. I do, we're digging into it right now. There's a lot of requests to dig into it. So far it looks okay. It is far from perfect. Again, when I invest in crypto, the stable has room for 10 horses. I try to pick the top 10. I need one to fall before I move room for another one. Cadena is on the list as is Phantom. They are the two big projects that I'm getting more and more bullish on as time goes on. Yeah, I agree. Okay, well, I'll take a look at it. And then, oh, I can't say that. Let me see here. Sorry, James, this is from Kate Boss. Kate Boss, what a great name. Boss. She is the boss, yeah. James, females, you may just need to start promoting your channel, at least in your social media. Just an idea. I will start promoting. Will that be cool? Yeah, definitely. Awesome. Cryptocurrency being placed within a Roth IRA. Tax implications, your thoughts, wisdoms. I will just, I will take this one, James, if you don't mind. There's this thing. It's above my head. Let me see here. Looks like on the top left-hand corner, says I trust capital. That's the one that I use for a Roth IRA. Now, you can have a SEP, a Roth or a traditional IRA. I chose the Roth IRA because it's post-tax dollars. So I pay the taxes on it. I put it into there. And then whatever my crypto appreciates to, I pay this much in taxes. Let me get away from my beard. Zero. So this is how Peter Thiel did it. When he got all that stock in PayPal, he stuck it all in there. And then whatever it appreciated to you, which was billions, he's like, well, I want to pay taxes on that. That's how it works out. So also, link in the description. It's $100 to sign up now in Bitcoin. And then there's no more fees as of November 15th. So I don't see why anybody wouldn't do it. All right. And James, what do you got on that one? Do you use a Roth IRA, traditional SEP, self-directed, any like that? Are you just like, nah, I make too much money? Yeah, I don't. I've never done kind of that type of stuff. I much prefer having the cash in hand to be able to make it bigger myself. I think for me, because the world is so transformational, it's important for some people to plan 10, 20 years out ahead, but I like to be in control of my own destiny. And I don't think out that long because the world is just changing so fast. And I also don't like things like some of the manipulations that happen. So I'm in a position to hedge my risk myself. So I don't need to lock it away and wait 10 or 15 years. Sounds like a plan. There's a different strategy for everybody. Perfect. This is a good one, Simon. And I gotta, it says James, he said that UK had stopped people transferring fiat to and from exchanges. Could you elaborate? Was this a specific exchange? Yeah, no, this is a British banks that are, so what's happening in places like the UK and other places happened in Nigeria, Turkey, traditional banks, their funds are being drained. So the way banks make money is they take your cash, they pay you zero and they lend it out for 19% on a credit card or something else. Very expensive mortgage. But in the United Kingdom, banks like, I think, Barclays, Metro Bank, Santander, they stopped their customers using credit cards to buy crypto. They stopped their customers to transfer their cash to things like Coinbase and FTX and Binance, et cetera. So this is just, it's kind of funny because if I was in the United Kingdom and I had my money at a bank and my bank prevented me from doing what I wanted with my money, I would go ballistic. And I don't get angry, but I was like, are you kidding me? Take my money, you give me nothing on it and you prevent me from using it the way I want. So yeah, that's happening now because these traditional financial institutions are getting very, very desperate as their assets have been drained, their life but it's been drained. They see the writing on the wall and the future is not bright. Again, embrace or die, evolve or die and some of them are not. They're fighting it. Now there are some good UK banks that do support their customers in transferring crypto. So it's not all, but I just think, remember Metro Bank, Santander, Barclays, maybe they're the three that I remember offhand. That's, it's awful. And I think it's, who knows if it will accelerate or not, but that's not the way to play the game. Also, two things. Michael Kennedy says, you guys shouldn't buy Crypto Casey. We actually talked about Crypto Casey before we came on. We will reach out to her. She's very smart and maybe she could have her on at some point. THCForsco says, hey, I got a large bag of XRP. Should I convert to Bitcoin now or wait till the lawsuit wraps up? You guys rock and fawn for the last two months and subscribe, thank you so much. I appreciate it. That's a tough one. Should I, I have a large bag of XRP. Should I convert to Bitcoin? I have my thoughts on this. James, what do you got? I don't touch XRP. I don't even talk about it. So that's your department. Okay, so here's the thing. So me and James are different. James fastest horse gets in, gets out of positions. I'm not that way. I'm just a long-term holder. I'm one of those guys who just like, I'm gonna get some stinkers. That's just how it is, right? Because it's crazy technology to move so fast. However, I'm one of those guys that as we talked about, I bought Mana or Decentralana, three cents. I bought Cardano, a bunch of it, eight cents and so on and so forth. XRP, I actually bought it way too high and I sold it for a huge loss because of any of the tax implications but I bought it right back. So really, you've really got two things here. If you think that Ripple is gonna really take it, take the SEC to task and wanna hang on to it, I'm pretty sure the price will skyrocket as soon as they win, if they win. Now, you could be waiting a long time. You could be waiting for the outcome of it and maybe not. So in me personally, I know James would probably like, I would just sell it all of it, put it all in Solana or whatever else he wants to do, which is good. For me, I'm just like, you know what? I've already got it and I've been holding this, especially he bought it like really low because just like we talked about with the Rothschild, it's all about buying things cheap and selling a little bit too soon. I myself would just say, I'm holding on to it because I think there's gonna do good things later on. That is me, maybe, not a great one, but that's how I see it. Next one, Charles Kankinen says, what's up with StormX? They disappeared, hi to Animal and Rob's dogs, Chewie and Chloe are right here. So James, are you familiar with StormX? I am, it's a scam, yep. How do you say it, James, is a scam? No, it's just these projects that are so badly structured, they're pumped by people online, it's just, I don't know, I used to get a lot of questions three or four months ago, StormX, StormX, StormX are people will be in my chat and you have people pumping stuff, like posting, posting, posting, then you know it's a pump and dump type scheme. But let me look, I looked at it briefly, I have this model that looks at all the tokenomics and I just remember it was catastrophic in the way we structured it. So here's the thing, I remember when, I remember seeing old posts of all the Bitcoin maxis saying that Ethereum was a scam and the only reason Ethereum was out was to take money away from your Bitcoin. So with StormX, if you're going to go and you're going to shop online and you want to get cryptocurrency back, why don't you use something like StormX? Now it's a little pricey to stake it, I don't see any problems with it right now. Yeah, again, I don't know anything about it other than a lot of people are pumping it and some reason, like some level of decentralization or whatever, it didn't score well. I know it's fully circulating, but let's look at the chart and see. Yeah, so I have this other thesis that if anything is not really close to it's all-time high, period, at this stage of the bull market, it's not a good project. It's a very crude kind of lesson for people to help identify losers in their portfolio. But I'm looking at StormX, it has an all-time high of 0.087 cents. Is that even possible? Just say call it nine cents. And now it's trading at 0.0. It's a third of its all-time high. So that already is a red flag right there. So no offense to the storm story expands out there, but that's not something you want to be holding on. It's not going to triple before the end of this bull run. It's what they call a dead project. Me and James are different. I'll hold StormX. Okay, next one. Charles McKinnon says- I didn't know you had StormX. I had StormX. I thought it was a question for the audience. Whoops. No, no, it was a question, but I still hold it, I believe it. I think it's going to do well. It's going to take some time. They need to get Walmart back. That was one of the big reasons why they fell, because they had Walmart, which is great for me, because I shopped there a lot, but they lost them for a while, but they just go in and out. Charles McKinnon says, how do we determine when to stop DCA? That's a tough one. Yeah, I put a limit price on how high you go to buy into something. So if you look at last week, I bought two things. I bought Bitcoin at 58,000, by far the most I've ever spent on Bitcoin, by nearly a factor of 50%, but I thought, you know, I'd rather have my, if I had any Fiat, parked in Bitcoin than sitting anywhere else. So I consider that my money market account today, I know it's going to $100,000. I know my Fiat is debasing by 15% per year, so it's a no-brainer. It's not like an investment, it's just like a money market savings account. And then I bought Solana 182. They're the last two things I bought this week. And so, but the question is, would I buy Bitcoin above 65,000? No, that's kind of my stop DCA limit. Now, if I didn't have any Bitcoin, oh my God, I'd scramble as quickly as I could to get a whole coin, no matter what the price, because I know that's something you want to hold for the next five to 10 years. But now it's a question of how much do you need and what price do you continue to buy? Good one. Yeah, same thing. I think right around now is when I've, like I stopped DCAing a while, like after 50,000, I believe I stopped because I'm like, if there's going to be a tracement, I think it's going to be in that range, maybe 60, maybe 65, 70, I'm not for sure, but I was like, there's other projects that can do better. So I'll just invest in those projects. So that's me just for Bitcoin, but just like what James said, I'll take that one. And then another criteria or something they're talking about, girl gone crypto could be a female guest too. She's an entertaining person on Twitter. I know that, have to reach out to her. And then here's the last ones. Okay guys, that's it for no more super chats. We're getting a ton. So while it finishes up, this is a good one. Pro editor guy says, do either of you have an opinion on helium? Have a minting or mining for a while and it's about 3% something, something that has disappeared, sorry. Yeah, I don't know, I'm not a miner, but I do know if you're in the mining game, the two most or three most lucrative mining operations now are Bitcoin, Ethereum, but Ethereum is going to end on a good approved stake and helium mining is incredibly lucrative. So that's all I know about it, but I don't invest in helium. If you're a miner minting it, yes, but it's not an investment per se. Yeah, if you would have gotten in, like I looked into it, it's actually getting one of those mining rigs. It's like six to nine months wait to get one. And I wish I would have done it, but I didn't because it was such a long time. My son's got one though, and he's mining helium right now in good old California. So that's what's up. And I think, let me see, I think that's it. I think we knocked them all out. Let me make sure. It's a question from corn. Thank you. What is your ex's strategy for Ethereum? What's your ex's strategy for Ethereum? So my, this is a tough one. It's not really, I did not stake Ethereum because I didn't like the slashing prospect of it. I didn't like the fact I had to hold it on. Slashing? I didn't like the fact that I had to hold on to it for so long. So that wasn't a strategy for me. And then to actually get out of it, at some point I have a realistic, maybe not realistic, conservative. And I think this is a conservative number of $10,000 per Ethereum. And usually on every single crypto that I have, excluding Bitcoin, it's gonna be an 80-20 out, meaning that I dollar cost average into Ethereum, and I'm gonna dollar cost average out of Ethereum as it goes up on its leg. But I will always keep around 20% of Ethereum that I have. That may change depending on certain factors that come out. If Ethereum 2.0 actually is hitting on all the strides and actually does go off without a hitch, and it actually hits those time frames, which they said, I don't think that's gonna happen, but I'd be very happy to be wrong. And I also wanna take a look at those other solutions like the Avalanche, like the Cardinals, like the Solanas to see exactly how much market they're actually taking, they're actually peeking in there. And I actually saw an article as far as DeFi, where those exact ones that I just mentioned are making big gains or big strides in the DeFi sector. So again, as time goes on, I might not take out as much, but right now it's an 80-20 split and I will be getting out of Ethereum. Unless, the only way that I don't see it is if I can start taking out some huge loans against Ethereum and putting it into other assets like real estate, but that's another topic for another show. Okay, anything else, Jan, I miss James. That's it. And I do have an exit strategy for Ethereum, but it's a function of ETH2 and how high it goes. And a model will tell me when to exit. And I also own some ETH, which is the grayscale Ethereum trust. I plan on ditching all of that when the time comes. But I have that in a retirement account, which is just a legacy one from previous life, which is all GBTC and ETH. And that's it. Okay, sounds good. Well, guys and gals, thanks for stopping by the special Halloween show for me and James. Next week we got it on James's channel with special guest, Phil in the Blank. I'm not sure. Satoshi Nakamori or somebody. And then we'll go from there. But again, thanks for stopping by. We appreciate it. And if I missed the super chat, I apologize, I got, I tried to get as much to him. James, any last words of wisdom for these guys for the next week coming up? No, just love you all, be safe. Watch out there on the markets. I mean, we're getting into kind of a hairy time. The future is still very bright, but just be careful what you own and be careful you listen to as well. Okay, thanks everybody. See you on the next one. Bye all.