 Hello, everybody. Welcome to the Thursday livestream. We got a lot of stuff to go over. Let's just jump right in, shall we? So first of all, thanks for stopping by. I do appreciate it today. Actually, I already did a video today with friends over there, Max from Because Bitcoin and Ben into the cryptoverse and we talked about a lot of different things and one of those the foremost attention would be of course the Bitcoin having and What could potentially happen and when we talked about first of all before I go on? Let me just commend Max here from Because Bitcoin for having a fantastic background that I have never seen before and I think I should have to do an FT Regardless, it was a good show links in the description. You can check it out but what we talked about was the Bitcoin having like everybody's talking about to death and I don't want to spend a lot of time on it because we know what's here We know what's coming everybody's excited and it's great because we think That after the Bitcoin having everything takes off Well, not so fast When I put this up this morning when we're talking about this from smart valor.com And we took a look at the bitcoins having timeline because you'll see a lot of different people They'll really break it down and really crime like, you know, we talk about to zoom out when in doubt zoom out everybody's been zooming in really zooming in for this one and we can just see that There's been three having so far November 28, 2012, July 9, 2016 and May 11, 2020 and right here in the middle is when the Bitcoin having actually happened and we talked about this and I there's somebody I think I forgot to mention which I Wanted to correct today Which was this talk about here's how Bitcoin behavior in the year leading up to each having having one it was plus 395% For that year and then after the having was 5000 having two is 2016 Of course, you know June it was a hundred forty two percent for that year up to that point And then two hundred eighty four percent the year after then having three of course It was only seventeen percent in that year and almost six hundred percent after and we did as we took a look at and we talked About rallies going into it or not rallying and the course has been talked to death But I just found it interesting that yes, you know people will say well You know there's a bit of a slump and it really kind of you know really goes down if we really really want to zoom in here And say that but yes, that's true It does but if we can just see like afterwards, why are we like I was thinking about this I'm like, why don't we just focus on the big the big picture Which is after the having usually what happens whether there's a slump or there's not a slump The next year after is Pretty great year as far as like a bull run and some people we talked about this today could be uh Left side translated we could see a massive blow-off top in 2024 and even if that happens great But the general direction is of course up and we can see that This happened in this was november 28 2012 This one was june or see me july 2016 got that correct and yes We rallied into it. There was a little tight. I can't even get into there a tiny dip And then a rally then we we dropped afterwards And then we just went up. So of course over here Came up sideways up Over here a little down sideways up and then over here Sideways up So like when people say well, it's gonna do this or it's gonna do that it's gonna do that the discussion that we had I I loved it. It was great and we talked a lot about the macroeconomics What Jerome Powell could do talked about wars and how everything kind of plays into that that that piece It's not as cut and dry as we think it is But in the general grand scheme of things I think we're in the right place in the right time and again if you just want to For for mental clarity or mental peace of mind Just remember this, you know a bad day, which we've had a couple of those going into this is not a bad year So again, I know we've been zooming into these things We've really been looking into it, but I think we really should zoom out and because of that I'd like to talk about tokenization So tokenization of real world assets the foregone conclusions that Ethereum is going to dominate and it's going to take over everything And that is what black rock is doing and they're going into that sector, which could be true Which is true. Actually. I mean, they are doing that. They are looking at theorem They they do like that for real world assets, but this was an article I thought was an interesting as a contrarian point Because I like to see the other side of this especially in these markets Especially because as we get into these things and we're talking about it Uh, I remember just two weeks ago people were saying what an idiot Would be for taking profits. Well after, uh, we wiped out all the profits for 2024 in a 72 hour time frame I think people might be thinking hey, maybe it wasn't a bad idea to take some profits back then I'm not saying you should I'm just saying the contrarian views, right? So for this one I like this article. This is uh, take a look at ripple and what it could do. Here's what we got So ripple x senior vice president Marcus Inventure Treadfy players are finally bringing financial assets on chain as they look to deploy for production And solve pain points and various value chains The research estimates and this was interesting recent executive said that the research estimates pin the future value of tokenized markets at 16 trillion Let me say that one more time The future value Of tokenized markets real world assets is 16 trillion What do we have now? We're like right two trillion. So that's like eight times Our entire market and before people say that's ridiculous. That's crazy. Let me remind you of this one. I haven't I've been taking out this This graph in quite some time. This is all the money in the world I love this one because it just shows you how small and infantile the crypto and the gel asset market actually is Here's gold. Everyone of these squares is a hundred billion. You know gold is almost 12 trillion dollars. Isn't that crazy Rules billionaires 13 trillion. That's musk bezos and our gates Central bank balance sheets and this has gone up quite a little bit 28 trillion dollars The s and p 500 around 100 trillion Global money supply what we got here 48 and 82 trillion as far as broad money Stock markets total global you're looking at 140 or 150 trillion dollars and then debt is 300 trillion dollars, which is you know, america's doing a great job of of giving just really growing up that Real estate 259 trillion. So we're talking about real world assets. Here you go Residential 259 trillion agriculture 35 trillion commercial real estate 33 trillion household wealth. I guess so And then my favorite derivatives contracts you've got 12.4 trillion National value is 600 trillion. The future is forward options warrants and swaps. So when we talk about this, they're like, hey, it could be 16 trillion don't laugh I think that's a low number just saying I think we could do some damage here And this is what was said A couple of years ago, many of us in this space. We're envisioning that Real world assets is getting closer to reality and it's happening on public blockchains at some point It looked like it would only happen on jp morgan coin or ibm. I remember this when they did these Experiments with their centralized closed off chains and they thought that they could do it and then they realized that oh, that's right Not too many people trust us as much as we thought it was we need a trustless system Especially global and that's why they've taken a look at avalanche. They've done things of real world assets They've used chain link as well and of course ethereum and now they're looking at XRP doing the same thing. I think They're going to use bitcoin. I'll get to that in a second Imager said that advanced conversations with various financial institutions are ongoing and they are exploring tokenization products to issue assets On the xrp ledger. I gotta tell you nobody needs a win Bigger than the xrp army. You guys got kicked in the teeth for so long I feel sorry for you guys and especially pretty much carrying the entire crypto community by taking the fight to the sec Thank you for doing that Tangible example of this was hsbc Bank partnering with rip alone tech firm medical medical To allow institutional investors to hold tokenized securities on his new custody platform and that was just november 2023 So again, we're taking a look at these real world assets It's we just feel like it's a foregone conclusion that thyrm is going to be the winner and that's it But of course when we take a look and take a step back and go, hmm, maybe it's not at one size take all Maybe it is not Just one winner. Maybe it is multi-chain. Maybe it is account abstraction or blockchain abstraction Like ilia talks about a near for near protocol And you know, I could be wrong, but this is what I see Let me know what you think about that in the comment section And here's what i'm getting to as far as like tokenization of assets The problem with This first of all, there's no problem with xrp. There's no problem with with ethereum. I mean doing real old assets. That's great It's fine. I hope it works out for everybody Right, but I think that bitcoin could be it because Institutions right now love bitcoin. They love to get into it. There's a great website I've been talking about l2.watch and it's all the different side chains and l2s On the different chains that are out there on ethereum You can see because you know arbitram 1 uh avalanche Babylon be all these stuff that are on different different tokens, but you if you count if you count them up As far as the native token and the different, uh Chains and the l2s and l1s and side chains bitcoin has over 10 different l2s and side chains currently in development And that means that they could have The functionality of smart contracts And i'm not kidding because I just did a video and I just put it out an hour ago and it talks about core The core dow and what is the core? core is essentially an l1 it's built with ethereum virtual machine or evm compatible smart contracts on a bitcoin powered blockchain crazy, right so when i'm thinking about the things that could happen Bitcoin was the first It wasn't built for this part because it wasn't envisioned But if you could put a side chain or an l2 on it and you could really decrease the amount of Costs for payments have a dow a decentralized exchange do swaps nfts defi and the whole gambit that what ethereum can actually do You have a section That could actually do tokenization of assets as well So I know we talk about our theorem is going to win But I I just take a look at it and I think that I think that side chains and l2s on bitcoin Can really run up and the reason I I'm excited about core is because it's not just some random token That's out there. It's actually in the top 50. Well, it's 57 right now because didn't do so great the last couple a couple of days But it's been out since 2023. They had a fair launch watch that video Uh, because I bring in uh rich rynes who is one of the initial contributors to the to the to the uh platform and you make your decision from there again link to that video The links in the description and check that out. So that's that piece And I think things are going good Even though we've had quite a little drop-off, but this was an interesting also piece. This is eric bolchunis And uh, he's the guy that totally called it right for the bitcoin etf from bloomberg I like to see these things because it's a correction and it's a it's a wide range of thinking Of you know, like the vision that you have so eric He actually talked about the hong kong etfs that were coming out and he said, you know what? It's not a big deal. You know, you're looking at rest less than uh 500 million maybe you get up to that point And people really think this is a great thing But it's not because there's no big players in it and that was about three or four days ago And now he comes out and says, you know what? Here's some good news for the uh for the hong kong etf Our asset estimate is now 1 billion in the first two years, which is double with the initial Projection Which is healthy, but nowhere near the 25 billion that if that people said okay, I give them that But a lot depends on infrastructure improvement. We also think it helps hong kong as an etf leader in asian region And I just saw this and I'm like that's great, you know, like we can we can come behind and go You know what if we take a broader look at this it's not just 200 million or 500 million Maybe it's a billion maybe and then who knows maybe it'll be 2 billion So I know people will give them a lot of guff in the comment section But uh, I applaud eric for just saying hey, you know what? It could be what much more and this is what I think it is. So that's good news Here's some great news finance Is gonna return to india After paying that's a nothing fine paying 2 million fine. I thought for some reason I did this I thought I was 200 million but 2 million. What is that? Is that in their couch cushions? 2 million fine for non-compliance. This is great because you know india's only got like 1.3 billion people Right in its country. So this is this is good. Here's what we got finance will be the second Overseas exchange after coup coin to mark a return to the country after india's financial regulatory body blocked access to crypto exchanges for non-compliance Any ministry of finances financial intelligence unit or fi you blocked access to nine foreign exchanges Including finance in the first week of january for failing to adhere to the country's Anti money laundering act boy. They do love that That aml. We're really popular in that too here in the united states Binance reportedly accounted for the 90% of indian crypto trading volume. That's that's everything before it's banned in january This is this is why this is great. Binance accumulated for more than 90% of indian crypto trading volume now. They're coming back I'm not saying that india, you know floats the whole boat for uh, the digital asset market I'm just saying It's great to have more people to come in and have access to buying up crypto digital assets and being a part back where they should be Indian users flock to foreign crypto exchanges like binance to bypass the Severe tax and positions which prompt the government to ban overseas exchanges not registered with fi you Now with fi you registration foreign and crypto exchange like finance will adhere to the same rules and regulations as indian exchanges And that's how it's done you don't have to You know bring people in like gary genzler And say hey, you know, we want you to sit down. Okay, now we want you to register with us Well, how do we do that? Well, i'm not going to tell you you got to figure it out And if they just would do what india did which is like, hey, you're you're not following the rules for the anti-money laundering AML, I mean we need to do this this this and this and you can come back You're going to pay a fine, but it's all going to be all good, right cool. They do that. They come in and everybody's happy I don't know why this is so hard for america. I just don't get it anyhow Let me just think about that in the comments And lastly This was a good one if you want to make If you want to make revenue Right now do something in crypto Do something in digital assets do something especially with deep end. This was fascinating to me bitcoin ordinals game Excuse me bitcoin ordinals gameboy inspired gaming handhold and handware wallet Sells out instantly. I don't really think that I really went to the this is I went right to the website because I was like, what is this called? It's called this is funny bitcoin ords games ordinals It's called a bitcoin. It's called a bitcoin. It's called the bitcoin one Can't make that up But what was interesting to me is that this sold out in seconds seconds and If we're taking a look at it I would have bought one of these actually well, maybe I don't know But the price I don't know if you can see it's kind of dark point zero zero six So let's see. What is point zero zero six wow so point zero zero six actually point zero zero six nine It's uh over 400 bucks. Oh, is that right? Yeah, wow point zero zero six nine then it was point zero zero eight then it was point zero one. Wow Let's just do that. I just want to show you something point zero one is equated is Right now at the current price of six hundred twenty nine dollars So they sold out they sold a thousand of them. So let me do some quick math six hundred twenty nine times a thousand. What is that? Six billion dollars and I'm just kidding six hundred twenty nine thousand dollars That's pretty good for a game boy company which threw together some games. I mean, they're cool games, but come on and What you're able to do is you're able to not mine, but you can play these ordinal games, but like classic games like heavy metal And uh, oh like sonic the hedgehog and street fighter and stuff like that stuff. I used to play because I'm old and uh also And then you can you can play the ordinals game right here What's a bit boy bitcoin based gaming console launch my orids game Thousand supply lumen addition what benefits are there this was this was this is where they got people bit boy genesis nft Played bit boy physically and vitually exclusive mining you get airdrops game access retro emulation bitcoin deans. I gotta tell you That's a pretty good idea if you think about it So if you're looking at something like comes to kind of high side also do something in crypto and digital assets Because it just only makes sense. So good for these guys bit boy. That's fine And then uh next to last Uh, I like the game and it's really cool and it's really nice but in all honesty I think you should probably think about Saving yourself a little bit, especially with a hardware wallet. If you don't have a hardware wallet I recommend tangent, which is right there, right? But I just want to show you something We talked about this today on the on the show the crypto critical videos These four videos in the are in the description Of all of my videos And these first two wide when i'm selling 80 percent and the stress free profit taking have near a hundred thousand Views already though 80 percent one. I think already has over a hundred thousand views But this one right here where I say don't make these crypto mistakes barely 20 000 Because people are always thinking about you know, hey How much you know, how much can I make how much can I make? You know, what's the what's this profit when I get it? I'm not going to judge anybody. It's fine But I'm just saying it's not how much you make. It's how much you keep I'd like you guys to watch this video Don't make these crypto mistakes. It's kind of important I don't I don't want you to get scammed and screwed out of all your money Especially coming so close to I think a blow off top at some point And because of that I teamed up with tangent And they put my logo on a card, which is great And if you'd like to there's a link in the description again Uh Apply the code of dan. I think you get like 10 off Let me see that's not bad and uh, you can get The cold storage device, which is tangent. This is the one that I use. I've got it right here I don't know if you can see this But uh, they're just easy to use and I like them and they're reasonably priced I mean 60 some dollars for for a three pack not too bad And now you can use you can either have you have the three pack And you can also back it up as far as like a uh, mnemonic phrase anyhow I'm going to be talking about that a lot. So if you'd like to get one links in the description, but that's it for today So everybody, thanks so much for stopping by. I appreciate it. Oh, oh, oh shari. Sorry. Sorry Uh, if you're in the Puerto Rico area Come on down to the San Juan smokehouse 537 30 and have a drink with me because it's been a really crappy week And uh, we'll do a little meet up talk some crypto first beers on me second beers on steven And that's it for today. So now Thanks so much for stopping by. I appreciate it. If you like today's video give it a thumbs up consider subscribing Let me talk about his time sensitive and so forth But that's it. Now if you want to get into it, we'll do a little q&a and go from there But if you had to take off take off. Thanks for stopping by Aristotle played her I've given up on profit. It's not worth it I don't blame you there. So it's been a bad day the last 24 hours. It's been A little hectic Ugh my tangent is stuck in customs It sucks Customs it's one of those things that you have to go through apparently especially with but it's a card like it's not like you're shipping oranges crossed away X ready that is a very funny comment and I will keep that but I cannot show that that's very It's pretty good Ah, this is a good one rusty bot says the bit boys number one game the quest for the lost lambo. I can see that one yellow yub candles yub business model. Yeah, you know ripples ripple right they've got a lot of Well, the xrp army can tell you all about their their game plan and what's going on I'm not the guy to talk about that Ah, Edward Fox. Rob. Where was guy this morning? Fantastic question so guy Is actually being bombarded Let me see if I can find him coin Ah, there you go Guy's in Dubai 2049 and he's dealing with flooding and massive nonsense is happening over there And they're just schmoozing with everybody Nick jessica Crypto Sito and guy hanging hanging out in uh, Dubai or token 2049 looks like a fun time Uh, some of my partners over there having a a good time with the uh flooding but guy couldn't make it today too many different meetings and stuff like that so Brought a max from because bitcoin. It was good stuff Darth Mike says guy will be fine. He's British for use to the rain. That's true Wow, we tattle says it's good that India is welcoming changes, but also about 30 tax currently. We just said, yeah, you know I'm just gonna say this as far as like taxes. There was an article that was out which talked about um, Canada and capital gains tax now being 66 percent and it was uh, it was a Wall Street Journal one and everybody picked it up and talked about how crazy it would be For 66 capital gains, but it actually wasn't true and I actually went through this I posted this I deleted the post because of a specific reason because taxes are tricky And it's not like and it's true. They weren't getting taxed at 66. Here's how it works in Canada Correct me if I'm wrong Canadians because everybody was telling me this. I don't know if they're in Canada or not So whatever your capital gain is because they don't have short and long term like America Whatever your tax bracket is That's what you get tax for your capital gains And you only pay half of your capital gains So like if you have a capital game 100,000 that means that you're only going to pay 50 percent Which 50 000 dollars in your tax bracket So it's 50 50 000 tax brackets at 23 percent you owe 23 percent of 50 000 dollars And now they're saying Above a certain threshold now it's 66 percent. So you have 100 000 And they say okay It's not even 50 000 anymore. It's 66 000 of your tax bracket. Whatever that is and I got it was like It was tricky and I can see how people like myself get confused on it because taxes are tricky And if you hopefully as you guys go through this journey You take some sage advice, which is this don't do it by yourself Find a cpa find some a An accountant that actually knows what they're doing in crypto and use the right software to make your life a hell of a lot easier That's why I use coin ledger. That's why I use my cpa here who I've used the last two years That understands crypto and exactly my plan what I'm trying to do do those things And uh, maybe live a little longer so you're not so stressed out. All right Okay Fuzzbearer Hey rob fellow will pass away. Hey man One eventually move and save on capital gains tax. One of the best areas live in Puerto Rico They help with contacts of people to help with questions. There's a First of all, the best region is you know, like I mean San Juan's a great place Dorado people seem to love it. It's expensive whatever Uh ring cone if you're like, uh, a chill surfer who just likes to surf and you know relax That's a good place Uh guainabo is my favorite because I'm I'm close to the beach but not close to the tourists I don't like dealing with those people and uh, yeah, so there's a Let's see. There's a video If you search for digital asset news and Puerto Rico Like I am doing right now I Give you I I give you all my My real estate agent my lawyers And my different thoughts in the different sectors to get into and just uh, who to trust and who not to trust and Some screw ups I did along the way. So watch that video It's the one that says no taxes. This is after after living here a year. So, yeah Those tourists. Yeah, I know Oh Tesla's going in the dumpers that sucks. Well, these things happen Um, Scott jumps mutual friend. Oh, I got it, right? Hello, that's correct about cleaning tax. The 60% is after the first 250. Oh, see there you go So you get 50% all the way to 250k and then 250k six and it's just that's why I say get a cpa Steve says I got red Puerto rick got some awesome reef Puerto Rico's got some awesome everything. It's great here. It's great if you if you focus If you move here and you think okay, I'm just here for you know To minimize my capital gains is going to be miserable existence You have to move here and really embrace the place. You have to You have to go to the beaches. You have to meet the people You have to get out and you have to do things and it's and but once you do it's great and uh That's just my and then also when you move here and you come to one of these meetups There is a uh a secret whatsapp group secret and it's every different type of Club or organization or interest that you could possibly think of is in this this list It's a it's like I said, it's a whatsapp list And like it doesn't matter if you're into if you're into sports If you're into like playing basketball or if you're into jujitsu or if you're into Biohacking or if you're into You know basket weaving doesn't matter There's a list of everything that's here and these different little groups and they all meet and they yeah good place to to hang out and do things Ooh Ed says Dan degen airdrop farming edition. That's a good idea. Yeah You know if you want to know some things about farming and airdrops just watch uh, lady of crypto and crypto sito They're the ones that do a really good job Rob where the nice San Juan homes what part? They're all very reasonably nice for the most part. I mean, there's some There's some areas There's always an area there were people like I wouldn't go there but You know Just got to come here and and watch that video and then contact my real estate agents. They'll Take you to the right places Rob told you get a surfboard. I see the ways beach looks fun beach is fun Let's see Oh Carter says I'm the only crypto client that my accountant has. I hope she knows what she's doing We'll find out find out at the end Wow Check who quantity of tax rolls legit 30% they recently announced Well, I mean you think about it like in america The lowest you're gonna pay for long-term capital gains is 20 roughly 21 percent That's long-term capital gains and if you live in a state that doesn't have additional capital gains If you're uh, if you sell before a year, I mean and you live in new york Good luck And you're a high earner because you're looking at over 40 easy. So maybe it's just that You need to speak spanish. We're going to port of rico. No, not really. This is what I find Uh, everybody mostly speaks english. You just got to start speaking a little spanish And you're like, oh this guy's spanish is so horrible. I will speak to him in english That's that's pretty much it Ah It's like you're gonna take the buy off the ball of tesla. I just yeah Well, and then they just that big mass layoff in austin Damn much further. Let's hope not but hey Yeah, and class I wonder Class is right if you hold your crypto for one year and sell after and sell after one year in germany You pay zero taxes zero zero taxes in long-term capital gains in in germany It's a pretty good deal Ryan I live in nevada. I used to live in nevada. He's living Las Vegas. Great place taxes no state tax either Yeah, I've got a good point layoffs are beneficial to company earnings tesla should easily beat earnings the next quarter with the layoffs Something to think about Jesus see, I know we're getting to I know we're getting into the bull market because I get a lot of questions about Puerto Rico Even from influencers or kls or people on youtube and twitter. I probably talked to About six or seven of them I'm like, hey, man. How's that Puerto Rico thing? I'm thinking about moving like oh, I bet you are Uh mosquitoes They're good. There's just these like There's these cokey frogs And they are the most annoying things at night If you like peace and quiet some most of the night side doesn't bother me, but uh, If you live up in the mountains You'll know what i'm talking about even here like you'll hear him Uh, any thoughts on aerodrome finance? I don't know what it is, but it'll probably do great in the bull market I don't know Ah, I didn't know that My wife and I love the free dive Uh, I have to say based off of google earth looks like there are tons of great free diving spots. That'd be pretty cool I have not done that See how long I can hold my breath and go down John's right No one is calling you dan So we're not in the bull market. Yeah, that's right Once we get into these these q and a's and people are keep saying hey dan and dan this and then i'm like Yeah, here we go Hello noz Noz is here Frogger was a great game My kid speaks my kid speaks manner. That's a difficult language to learn All right guys, so Almost every german people I am a cow almost every german person speaks God dang it Almost every german person speaks english today the same thing here in porto rico. I mean, it's a universal language Let's be honest. All right, everybody and that's it But pick up some spanish. It goes a long way. That's it for today. I think we're good So again, if you guys want to you're in porto rico come on down around 5 30 to Taste the smoke sand one smokehouse There is a link in the description for the post which goes to The x account for sand one smokehouse and you can find directions and all that stuff there or just put in sand one smokehouse and Go that rock. That's it for today So thanks so much everybody again if you want to check out that video on dow, excuse me on core Which I which is pretty cool. I mean bitcoin powered ethereum compatible smart contracts Links in the description and that's it. Thanks so much everybody and I will see you on the next one adios