 Great welcome to the last set news to get top stories and crypto and break them down into bite-sized pieces today Just as the thumbnail the title suggests There is a major bank and they have lend credibility and thrown their weight behind crypto and Digital assets, so we're gonna take a look at what that report is and what is going on. I gotta tell you I think this is Like I said, it doesn't get much bigger than this and I'm we're gonna show you exactly how big you potentially be So we'll take a look at their report and this is from surprise surprise Wells Fargo I'll take a look at a story about how meld the lending platform built in Ferdinand. I Already had a staking video and there's also a bank partnership in the works and then lastly as I call it clown news Bitcoin ETF and Venezuela and the very last we'll take a look at the Q&A So hold all your questions until the end because hard to sort through all the different comments and dialogue So hold until the end if you possibly can it'll be fantastic But first let's take a look at the market and before you're going if you're watching this live There's no timestamps, but if you're watching the recording, there will be timestamps below So you can skip ahead to whatever you want to do and then just know that the news takes around I say 10 to 15 minutes This one might be a little longer and at the end the Q&A could go for under 20 minutes So just be aware that these videos are long, but most of it's just Q&A Which I think is that personally my favorite part. So, all right, so let's jump into the market itself so today's a good day and Take the wins. We're above 2 trillion We've been kicking around for quite some time and this is what we got and I'll take Bitcoin Oh my almost 44k. I think it's kind of even 3,000 not a big deal and if we go down the big winner today is XRP 10% in 24 hours and it jumped Solana and Cardano. It's up 37% in seven days So I don't know what's going on with XRP So if you have any insider information drop that in the comments below Because there's no particular reason that I know of personally and we've had nothing but good news lately with XRP The only thing I could think of is that somebody knows something about that SEC lawsuit But that is just a guess. I have no idea and then lastly, I'll say this about the market Everybody's happy because it's up. I'm happy. You're happy. Everybody's happy, right? but just remember nobody everyone broke taking profits and I always want to talk about that coming into it because I You know people say oh, I couldn't you know, I'm out of money because you know everything dropped Well, you don't have to do that. That's just what I'm gonna do again investment opinion Investment advice and let's let's just roll into the big show which is I thought this is pretty interesting this report from most far this just dropped today and The reason why I'm slow first of all, let me let me just take a look at something real quick Yeah, there we go. Okay. First of all, the reason why I'm so excited about this is because it's just another example of Just how a big entity can be wrong And they can't get it right and then all of a sudden they switch course and they are right So first of all, if you're not from the United States Wells Fargo is a pretty big bank It's headquartered in San Francisco It's one of the leading financial services groups in the US total assets of 1.9 trillion Deposits of 1.4 trillion and loans of almost almost another trillion or 888 billion So that's the total always take a little assets about almost 2 trillion and everything together, right? So no small potatoes. Also why I think this is important It's because we see the same thing over and over again It just never stops and that thing is that people Entities institutions corporations. They all start with like that's a scam. That's not gonna work Then it's maybe we should do something about that. Maybe we should stop it Okay, we can't stop it and now we're gonna have to play ball because we don't want to get blockbustered And it's the same thing with Wells Fargo. This is a report On July 15 2019 as Wells Fargo bans customers from purchasing crypto You see I've been around long enough to remember all these stories. So when I see this Wells Fargo come in, I'm like Yeah, but aren't you the same people that banned me from buying crypto? I won't forget that I will bring it up. But if you're on my side now, hey, I'm pretty happy So let's get into it. That's why I think this is so big. So Here's the report itself. So crypto Too early or too late. Well, this is the report has came out and states here This is the takeaways the overall overarching theme Crypto users are growing globally and rapidly off a low base crypto appears to be a Near a hyper adoption phase hyper adoption hyper adoption Not like we've got mass mania or a hyper bubble but hyper adoption Similar to that of the internet during mid to late 1990s and they got a great graph which lays that out We believe that crypto currencies are viable investments today. Amazing. Even though they remain the early stages of their investment evolution But this is the funny part we recommend Professionally managed private placement for now as the investment landscape is still maturing. Where could I do that? Oh, I don't know maybe through Wells Fargo because there's there's entities like nidig Who are working with banks small to medium-sized banks to allow people to buy crypto and and for to custody it Now all of a sudden Wells Fargo is like, you know what? We could do that because we don't want to piece the pie Alright enough me on my soapbox. Let me step down So they stayed here our conviction is that crypto are viable investments today But that it is still early in the crypto investment evolution. That is true Now they talk about the too late to invest argument Which I think is what I get all the time Rob that I miss it Rob that I miss it Rob that I miss it You are so early. You have no idea Bitcoin's price is an example has compounded at a 216% annual rate by comparison the total term the S&P 500 index over the same period has compounded annually at A paltry 16% but still I mean you're keeping ahead of inflation if you want some safety Index S&P is pretty good 12 of the 2700 plus individuals on the Forbes 2020 world billionaires list Emerged from the world of crypto 12. That's pretty good 12 billionaires came out of crypto So not a bad not a bad place to be into just like me and you here's a Bitcoin returns in July 2010 show this to everybody That's a that is into stocks and bonds and craziness like that Which is I'm into stocks myself also people who are in a golden silver. I'm in a golden silver I just don't see the problem. Why can't I own both? This is why take a look at this price history not too bad But they say we understand the late the too late to invest argument But do not subscribe to it Bitcoin is the oldest and arguably one of the least volatile crypto But it's still roughly four times more volatile than gold. That is true We can't escape that fact and there is beauty and volatility because with volatility comes massive gains But there's a price because of volatility you have to stomach it and if you can't stomach these ups and downs Like in the traditional finance NAS that goes down a couple of points people are losing their mind We call it a Thursday. So when you're into this space, you have to be able to deal with this volatility But the reward is some pretty good gains. All right. So again, they state We believe that crypto may be near an adoption inflection point similar to the internet in the mid to late 1990s and I could go over their reasoning But they break it down just like this and sorry if you hear some crashing in the background There's a little bit of construction going on. Hey, what are you gonna do? But this I thought was actually I'm gonna use this all the time now the technology s curves This is great. I love this one It makes so much sense because on the left-hand side there could you got the 1900s all the way of 2020 and Here's this thing called electricity and electricity just so you know When it first when it first came out everybody's like, oh, it's gonna be the worst thing of all-time electricity Well, it took a little bit time to adopt but it did pretty well took about 40 years or so and everybody got to it Remember, it's always the same earlier adopters Mid-level then of course you have the laggards up here like that. I want electricity just give me wood burning stoves and then you got the automobile in about 1915 and that took a little bit of people adopted it then you have people like no Just give me a horse and then of course later on now We went to shares of the US household percentage almost at a hundred percent some people don't have cars did happens color TVs Whatever, but the thing that I'm interested in here is the last one Internet, which is these these dashes these purple dashes and Which is kind of makes sense to me the cell phone the cell phone Took off just like the internet and actually adopted a little bit faster go figure But the internet itself look at just that straight vertical line essentially from the early mid 1990s It was in nobody's home and then all of a sudden it was 20% then in like four four years or so It was almost half and then oh about 15 years. It's almost in everybody's home So you took like a 15 years and here they say is Crypto it took a while to step off because in all honesty in 2010 nobody had it. It wasn't even on the chart So in 2020 we're at about 2% 3% or something like that. So look where we're going as far as adoption Crypto adoption looks similar 1990s according to crypto comm the number of global crypto users reached 2 and 21 million Again, it's not that much We've got like almost 8 billion people in the world in June 2021 are just under 3% of the world's population impressively It took only four months to double the global population from a hundred to 200 million. Let me say that again It took four months to go from a hundred to 200 million I mean if you're if you think about compounding 100 to 200 took four months 200 to 400 could take Another four months three months four hundred eight hundred could take another three months and then off we go before you know it We're at a billion users So Well, that's okay After a slow start in the early 90s internet use used to surge from 77 million to 421 million by 2010 Worldwide internet has grown to 1 2 billion and today it sits at 4.9 So imagine that even as long as it is gone 5 billion the next one is how to get The internet in the hands of people Who don't have that's why I like world mobile token bad Just hey look at that bring it up just a little just a little a shill action right there So you can get it cook a cook a cook a cook a king of the shill All right, so sorry All right, so here this is the this is the last one I think this is one that kind of brings it home internet usage history versus crypto users again You can see here. You got the number of internet users and It just kind of breaks it all down look at how fast We have as far as internet users from 1993 95 down here So 93 2021 it's pretty much everywhere, right? And the same thing is going on right now see these dash lines with crypto so To bring it all home. This is what Wells Fargo says to do what to do now be patient There's no need to rush and they're right. I totally agree with Wells Fargo I can't believe I'm saying that Most of the opportunity lies before us not behind us the entire market cap of crypto is still less than half of apple be prudent I get I agree with that too. There's three ways to gain exposure today and this probably do not agree with but here's here's what they say There's three ways to get crypto buy crypto from exchange get an ETF or private placements Buying directly from an exchange. We do not advise. Oh really? Why is that because the technology is complex and The speculative investment risks are by option two is not advised either because as current US mutual funds and ETF options are backed by futures Not the digital assets themselves. I agree with that But the one part about you know, you can't figure it out because you're too dumb Is ridiculous? So look that little article that piece right there. I want to bring this home You are plenty smart your family is plenty smart your grandma is plenty smart to get into crypto I mean, have you been on coinbase? It's super simple the fees a little bit high I mean coinbase pro isn't that bad voyager makes it like just Stupid stupid simple to get into crypto and digital assets. So when they say it's ah, it's too complex for everyone So what do they want you to do? You know what they want you to do use Wells Fargo that's pretty much how that that breaks down to and They say be careful and that's true. I always say it's investing is often fraught with a violent boom and busts As many dot-coms and investors can attest from 20 years ago 16,000 cryptos exist today. Let me say that again 16,000 crypto already succumbed to a shakeout in 2017 And more than 1700 or about 40 of them All went bust see my uh, I always talk about a dash of salt Dash hasn't done much as far as they're all time high and salts never really hit it and uh You got to be aware of that So they use 96 96 an example So just look at what was and what will be so in 1996 97 the most visited website at that time was AOL AOL and They stayed here and an interesting twist the story Is that the largest company the s&p 500 today was a beaten down hardware company that was in the brink of Uh bankruptcy in 97. So can anybody guess what that potentially is? I will tell you what it is Uh, it is this by market cap Of the s&p 500, you know, we always talk about the fang stocks For which is how it's weighted It's apple back in 1997 It was on the brink of collapse And AOL was at the very top now look at it apple Is at the very is the very top over microsoft and microsoft was crushing them amazon in the third place Tesla down here and vidya brook jar hathaway And then of course look at the one that was on the top before facebook or meta It's plunged dramatically So just be aware that the things that we invest into might not always be at the top So it's always good Whatever you're investing into make sure that you understand what it is make sure you're falling along with it And that's uh, you know what you're getting into because these things won't last forever see myspace slash facebook all right, and then I think That sums it up and they get a little little thing on here. So look The thing with this story is We already know we're at most of us do right if you've been in the in the game for any length of time You know, you kind of figured it all out. You're like, okay. I don't really need a bank I know I understand why you know the the value process and decentralization And and why we really can't trust these things that that are outside But the thing that you have to remember is that it's not just about us the adoption rate so far We think that it's super adopted out there as far as crypto and digital assets. It's not that's why we're so super early So reports like this where you have a bunch of people who just don't get it And they're nervous because they're like, I don't understand crypto and digital assets I need someone I can trust Not that they trust well as far, but let's be honest, but If a bank comes out and says, you know what we've got two trillion assets under management This is something that would would be do pretty well We're going to give you the green light But you know come with us then it just leads the people asking questions and the more that we get the more people We can accept and bring under our tent and I think this is why I like these types of reports So anyhow, let me know what you think about that in the comment section a little long These want to go a bit quicker. Let's go on to our next piece meld so this one Just so you know i'm super biased meld I'm going to be doing a staking video. I've already got it completed. It's got to edit it and put it up there But meld if you're not aware it was they did an initial stake pool offering on cardano He just delegated your cardano and got meld. Well meld came up and said hey, this is a lending platform We're going to partner with some banks to lend dollar against crypto. So if you're looking for some positivity, here you go so the just Quickly the market meld is entering is already a bit crowded You got platforms like ave maker dow compound alchemyx and phoenix down and venus And this is from ken olings the ceo. He says with ave you can lend crypto to borrow crypto with meld You can lend crypto to borrow fiat with alchemyx. You can get a loan that pays itself But you can only borrow more crypto our goal is to try and bring these concepts in the world crypto into the real world It will also face an uphill battle because banks when we talk about We'll undoubtedly see the meld model which aggressively shares profits with token holders and customers As a banking profit risk. There is the question of whether us regulators will ever allow meld into the country That's why they're going to start with europe asia and africa because america just can't get it right and then to finish this up Once the crypto is transferred to meld the cus. This is why I covered this on a deep dive If you just search that digital asset news melds, it'll come up Did this seven months ago Once the crypto is transferred to meld the customer keeps their private keys But that digital currency is locked in a smart contract terms the loan Loan of value margin calls liquidation is defined in the smart contract bank partners will provide fiat liquidity and technical access to bank accounts to enable customers receive loans in fiat meld has three bank partners and they're also in talks with us bank in a few european financial institutions, so That is what we got and uh Oh, man. I didn't bring it up. Sorry real quick same thing Mel partners banks to for crypto. I gotta start stop doing that They got three bank partners talk to us banks. So I want you to think about that in the comment section now. Let's move on to what I call clown news Because let's just be honest these There's two articles here a bitcoin etf And uh, venezuela taxing things. So the thing is like with this It just when people talk about the bitcoin etf like it's it's about it's around the corner man. I've been hearing this since 2017 and Hopefully it happens But in all honesty, it's not going to happen Because the sec won't just will not allow it to happen and hester pierce will come out and she'll trudge out and say this shouldn't happen That's for the sec I've been listening to her for three more three three years And it's still hasn't changed. So this is what we got I don't want to get anybody's hopes up sec requests comments and concerns about grayscale's spot bitcoin proposal The u.s. Secures and exchange commissioners has expressed concerns About how grayscale will head off share manipulation fraud and other possible issues In its proposal to convert its grayscale trust into a bitcoin spot etf The regulator as you see Fly the concerns it's concerned about the liquidity and transparency of bitcoin markets as well as the suitability of bitcoin As the underlying asset for the fund again, they're not going to approve this So don't hold your breath The sec has asked the public to comment on these issues and gives them 21 days to do so Within additional 14 days grayscale initially filed this application With the sec to convert its grayscale bitcoin trust into a spot etf in october In december the sec pushed it off By 45 days and then when it when it comes up when it's due Then they say well, let's let's just get some comments to 21 days and then after that they're going to deny it Over the past couple of months the agency has rejected spot etfs from wisdom tree cryptons skybridge and fidelity So they're not lightweight, but that's how it is. So I know It's just clownish to me. I just don't understand why they'd be like, oh, this is the greatest thing No, I don't think it's going to happen. Let me just think about the comment section. Let's finish up taxes venezuelans hit by new bitcoin tax of 20% The venezuelan government has approved a new tax bill aiming to collect up to 20% of taxes from crypto transactions according to local reports And also if you're from venezuela or a family venezuela, can you leave a comment in uh down below because When i'm looking at these things, I just don't think that that could be true Also, we did a story about uh china pushing the digital yuan Yesterday and a couple of people who have family in china or have lived in china Have said no, no, I mean they're pushing digital yuan, but it's not near as popular as they talk about so I think this is quite a clownish as well anyhow venezuelan's national assembly held a second discussion on thursday for a new draft bill targeting taxes on large financial transactions in crypto like bitcoin Government reportedly approved the bill last thursday requiring local firms and individuals to pay up to 20% for operations Carried out in crypto as well as foreign currencies such as the u.s. Dollar. So You're going to get taxed between two and 20% For any other currencies other than those issued by the republic of venezuela The venezuelan bolivar and the country's oil backed crypto el petro so the question I have was Why are they so why are they doing this? What do they want to do just use these types of uh fiat these currencies? Well, it doesn't make any sense to me because it says the initiative aims to incentivize the use the national currency Which lost 70 percent in value last year alone And shed nearly all of its value over the past decade. So yeah If you're going to look at some of the clownish stuff that's going on, that's it I'm like, hey, we don't want you to use crypto just use this this product that we we can give you and oh Yeah, it lost 70 percent of its value sounds like a great plan And that's it for clownish news. All right So, uh, look today that went a little bit longer It was a lot of stuff So that concludes the news part if you want to stick away for the q&a. I'd love to have you If not, thanks for stopping by. I appreciate it thumbs up subscribe all that good stuff And now if you've held your questions to the end, let's get to your questions. Thanks All righty This is a good question Do you think india is going to tax even if indians convert their bitcoin to usdt? Instead of indian rupees to avoid tax. Look, there's The government is not stupid. They know that there's so much different Crypto's and digital assets floating around and people are using it for transactions They want that money and even the story that we covered yesterday with russia saying, hey, we're going to tax you And they had figured out that on the low side Russians own about 24 billion dollars worth of crypto on the high side. It's like 215 billion so like Well, even if we catch you guys at 6 percent to 15 percent depending on where they're going to land They're going to make a lot of money and that's what the government wants to do They want to take money from you and put it into their treasury and things like that So do I think that you're going to get away around it? Hopefully for a while. I sure hope so but government has a funny way of finding out all the different things that we have and uh Tax live in tarot. So unfortunately that is what is but there's you have options There's different options out there Depending on where you want to move to like we just we just covered a story about portugal portugal is zero percent taxes Everybody from the eu if they want to they can move there People like me have to give up my citizenship citizenship and move there or even come to portorico I'm in guainabo that answers somebody's question And uh, there's zero percent capital gains tax, but there's a lot of requirements and time constraints. So i'm going to do I'm talking this forever. I'm going to do an updated video on portorico this week I need to do it this week And uh, talk to you about the things that I found out and some things are just straight up wrong. So Or yeah, someone says move to dubai. That's right move to dubai dubai also has the same thing sniff says Where is this? Can you dunk a basketball? I used to but i'm old now my knees chuck. So no Uh taxes are yes And yes, nuno says it right portugal still zero percent This i'm going to always snap to that's crazy. Yeah, it is crazy, but it's fun to put on the clown face, right? I like that one and then there's uh This is one of my favorite where everybody's like On us, isn't it? This is handsome me. Ah looks pretty good. No, this is my favorite right here. It's going to the moon It'll never go down And again, no way when everyone broke taking profits. So if uh, you're looking at the charts right now You're like, ah, I'll just let it ride. You can do that. I'm not giving you investment advice But at some point you maybe to like take a little bit of profits. That's what it is. Okay And let's see It's a good question the pool man Should come over here. Well, it's your top five coins except for bitcoin and eith left from no way Ah, I can't leave bitcoin and eith out Bitcoin eith they're always going to be there. They're they're like on my blue chip stocks uh beyond that I personally like chain link because I think everybody's an oracle I like layer one solutions. I don't really care so much, you know, which one's going to win one's going to win One's going to be second fiddle or third fiddle go down to salona avalanche even Tezos uh near phantom those other things And uh maddox polygon and maddox Polygon maddox is I think a game changer I've dumped a lot of money of that a long time ago and I think it's going to be well because Not just a layer two solution But just like polygon studios and how they pull these games and different organizations into the metaverse what they want to do I think it's great All banks people not all banks there's like some small banks and credit unions They really try to serve the community and the people that work in the banks are good people Which is that the policy that are that are set forth by the very top levels. That's where it becomes evil Evil ish I'll say Uh Moving back soon. We'll come on back also, uh Tomorrow shoot the Puerto Rico meetup is from 5 to 7 p.m. At done bars I'll be talking about that's on tomorrow's video and also I will be posting it in twitter Markey you didn't have to give me this but thank you. I appreciate it Markey's one of the og's in the space if you don't know Markey Markey knows That's right knees over toes. I love that program. I've done that program Actually, that's what saved my knees. It allows me to play valuable and speaking of which if anybody knows a place to play Viable on here in Puerto Rico, that'd be great. I used to play all the time. You played in college I was too short. That was a setter, but uh Yeah, everybody knows a place that hit me up on twitter What do you think of cadena? I think it went up massively. That's all I know That's it Did you clean your pool? No, I got a guy who comes here and cleans it for me That guy makes that guy does great work Not only that like when so I did this this show and there's a guy clean the pool This is off off a crypto, but it's it's it's an example of entrepreneurship that guy makes between Around $50 to clean the pool takes about 30 40 minutes or so and he does the whole row Of all these houses that are here So like I was thinking about I'm like, man, you know what so 50 bucks times eight. That's 450 We're gonna send us 4,500 4,500 times three. You're looking at 12,000 13,000 five That guy makes pretty good money every month. I mean just for working five days a week so like never like I know like when I was when I was UPS and construction and all that people would kind of look down like oh you work with your hands This guy's make more money than doctor the lawyer sometimes. That's how it is I am I staked it for six months Just so you know Are you growing a beard? No, I'm just too lazy to shave today Tune world, right? What do you think I'd go fund me? I think what they did This was a great story actually and I should I was going to cover this but I didn't so There's this rally going on in Canada all the truckers and and they're like shutting down parts of the city in Canada to uh protest vaccine The vaccine mandates I don't want to get into in this channel because it's it's a lightning rod and There was a GoFundMe page starter for it and raised like I want to say like nine million or three million It was a lot of money and GoFundMe said we're not going to give you that money because there's too much Violence or they they claim something that was in their terms of conditions where they weren't going to pay out And they eventually they relinquished and they gave everybody their money back Which didn't really help the whole situation because that was the whole point So when people see this they're like wow, this is a centralized aspect. We don't like that part There's a I forgot the name of it tuli It's a it's a program or it's It's based on bitcoin and you can donate crypto And it's like the GoFundMe on the blockchain and it raised like three hundred thousand dollars Which is not near enough to what they had before but it's an option So I think when people see these things like wow this centralized stuff. Maybe isn't the greatest. So that's what we got pieter iris miss nailed it. What is your thoughts on Veritasium and reggie middleton's pattern being I have no idea what that is Uh veritasium, I believe was a game and everybody asked me about this everybody asked I don't know if it's a bot situation or what it is Uh, I can't really give you an answer because I don't know enough about it. I'll do some research and let you know How about that? Clowns are running the world Uh, let's see. Thank you. I appreciate that Uh No, you don't you have to speak Arabic if you want a citizen in Dubai. Well, maybe citizenship's a little bit different thing Did you Let me go down here What do I see storm max in 12 months? I see it's uh doing pretty well I like Simon you he's been around since 2014. Mind you and he's got a lot of uh, a lot of ec contacts will say I think he's gonna do pretty well now. I use it myself I just don't use it as much as I should and I really should get into it Any thoughts on ethereum price end of may mc ask that's a good question. So let me see here I'm gonna give you my 2022 price prediction Here we go so 2022 price prediction ethereum will be between three thousand one hundred dollars And three thousand two hundred and twenty five dollars in 2022 market. All right. That's what I got Uh, so I don't do The price predictions are ridiculous. Uh, I I'm not gonna do this anymore They're great for videos like if you want to mention this office stupid if you want to Get a lot of views just do a price prediction video do them all the time and people eat it up But it's really I think it's really bad because then people are like, oh, it's going to the moon and you don't get like that those types of uh How do I say this right those types of um teachings Where our education where people will say Now remember if you buy into this nothing goes up forever and figure a dollar cost average in try to dollar cost average out And just remember one thing and that is that nothing goes up forever So if you want to have some dry powder Yeah, you can't hold forever If you want to have those things. So that's what I try to make sure probabilities probabilities, okay Whoa James Cooper, this is the last question. This is a good one Rob, can you please explain why some coins only go to 30 or some go to 100 or some go to 10 000 This is the most loaded question you could possibly get Let me turn this off So here's the thing Why do some coins go up so much well some of it is because they are pump and dump schemes So just remember that So the things that go up pretty high you have to understand that some of these will not be around forever because they have Horrible they have no utility. They have bad tokenomics and the team is just a bunch of marketers and another reason is is Some and on the flips the exact opposite some coins some tokens and things will go up because they have They have done a ton of research They have assembled a fantastic team mostly developers They have real-world utility that solves a real problem and the tokenomics isn't Concentrated with a bunch of venture capitalists and people that will dump on you So just make sure you know about that And then in the middle, why does some make it and some don't it's the same thing as like Why do some restaurants that open up down the street from you make it and some that are you know Are like really close to you. They just don't make it It's because they can't execute and they can't scale And they don't have the right ingredients in place to make it small businesses shut down all the time I have failed at many a business before I actually made it. That's just how it is So a lot of these crypto projects as good as they may be will not make it Because for whatever reason like the things I just laid out before you And that is just the nature of the beast So you always want to take a look and be in the game and make sure that you're looking at those projects that again the utc What's the utility? What does it actually do to solve real problem? How solid is the team? How big are they growing? And I should actually and then of course the tokenomics so they're not dumping you but I should add one more And it isn't one that's very popular, but what is the marketing? How are they getting their message out there, right? Because as good as a restaurant is down the street if you don't hear about it It could it could have the greatest hamburger of all time But if you don't hear about it, you'll never get to it. It's the same thing of like, what's the best hamburger in your town? I don't know where you live, but I guarantee I know what it is. It's mcdonald's I didn't say the best hamburger. Well, I guess it is the best ever the most popular hamburger It's mcdonald's with a billion serving You know why because they have massive marketing and there's a mcdonald's in every corner And that's why it makes it as opposed to Jesse's burger down the street, which is awesome. That's it. So look, uh, that's it for today Thanks so much for stopping by if you like today's video Give it a thumbs up give it a like and all the good stuff consider subscribing and I'll see you on the next one. Thanks