 Now we're gonna do is we're gonna go in the Q&A and I'll answer the questions the best of my abilities. How's it go? so Anonymous not a mouse, excuse me CFTC will do much more good at Bitcoin the bloody SEC maybe I mean I'm just making my best guess and from what I've seen from The different information I get I mean look again. I thought Gary Gensler was gonna be pretty good He was very knowledgeable about crypto, but Unfortunately, it was a Goldman Sachs guy and You know That's all I it's all say Tommy hit the like button on spec folks. I'm feeling good about this one. Yes. I felt good about it, too Let's see Any my keys aren't a family safe and instructions be realistic sure Sounds good Mostly become aware Yeah You can pass on the next can so like, you know, you're So like your ledger and thing of that you can just leave instructions for your family and that can just transfer over no middle man I'm acquired. So yeah my as well Sass crypto says a Bitcoin spot ETF with fidelity. We would be fantastic to help diversify true I'm not a big fan of paper crypto, but I think it'll be good for The people who don't really understand the whole point of holding crypto and I think it'll be good for the market in general I don't know if it's gonna help right now, but I don't I can tell you right now. I am Not too confident in a Bitcoin spot ETF being approved futures one sure we got a bunch of those but I think those are worthless personally and that just helps to manipulate the market, but sure ah Ah Don the Subaru says so a bit of DC this week more like value cost averaging just waiting for Thursday. Oh Really the 3ac guys got caught in Dubai. I got to check that out. If you don't know three arrows capital The two gentlemen that were running that were on kind of on the run They just don't want to talk to anybody and apparently they went to Dubai. I don't know if they're Under arrest, I don't think they had any extradition or maybe these figure it all out Chartiques Chartrexes follow Rob's rules y'all those are just my rules. You can do whatever you want to again My rules are quite simple just for me, which is uh, I don't invest more than I want to lose I just assume that it's all gone because I'm Speculating right here. Everything's a scam and tell people otherwise. I don't leave anything exchanges anymore even my 3% I used to I don't use leverage and I take profits along the way. That's all I got And that's it be safe be safe out there My precious XRP is a deep-state coin. Yeah, maybe what but what isn't a deep-state? I Wasn't sell food once. Yeah Celsius. We were all there Ganser did fool us. He's very good at that Well, he didn't make any promises did he just what we thought I just thought wrong So sass says don't lose your keys a lot or something and he's right It is a lot of responsibility because you now own that piece. I mean think about this way What do you really own in life that you actually have control of you know like cash cash is You really control your cash, right? The things that are in your bank account Do you really control everything is there like can you go there and take all the money out? Well, if everybody did that for for your bank, I don't care where you're at local banks They can't give you cash They have to say sorry sir We don't we don't care that much cash wait a little bit and then for like your real estate property You own it on it, but do you really own it? We got to pay taxes and all that stuff and that never stops And then maybe some other things like your cars and things like that But you got to pay taxes on that as well. So like think about the things that you actually own on and With Bitcoin you actually own on it. You don't have to go through a middleman No one is actually taking a look exactly what you're doing and you can hold it right here And you can transfer it to anybody without any middleman coming through it. I just had to transfer Heavy five figures are across the globe last week and It was a lot of jumps a lot of wires and a lot of things with the banks because this person these well this business Didn't specifically take crypto So when I got to use the banks I got to go through the middleman and guess who knows all about that Everybody especially in the government. That's why the KYC and AML is there But but with this if I wanted to if they just would have taken some Bitcoin or Ethereum I Would I could have gotten it to them within Under 10 minutes and I wanted to pay some stupid crazy fees, but whatever People don't get it yet. How many on ramps and off ramps if that's for a Public comm they're like a brokerage so multiple. That's all I can tell you but I Used it and I bought 25 bucks for the Bitcoin just as a test and I was like, why do I take this off? And I couldn't I was like, well the hell with that. Now is it It's really it for me Let's see You own less less rackets hearing by the SEC potentially who knows rules to live by yeah Here's mental X as X or P is a far better investment going forward than Bitcoin or eighth Lot of people would disagree with you. Some people would not I Rather me personally. Well, if you're just looking at gains, I mean once the once ripple beats the SEC Then of course the price will go up and it could be double triple quadruple. So it depends on if you're Looking for that or if you're looking for the technology. I don't know I Be net says anything built by a foundation or company is a security. I believe We'll find out that's above my pay grade Rock question if tether crashes will the USD BSE pair sore interesting tether crash simulation Look if tether crashes, we're in a lot more problems than that and then So USDC and USD pair sore I mean Maybe but I mean what's that gonna do for the rest of your portfolio? It's gonna hurt and Maybe you want that to happen. I don't know but I will tell you this during that UST debacle when When or not For the Terra stable coin algorithm stable coin Remember when that lost its peg and everybody's talking about tether's gonna lose his peg and it wobbled for a second for a little bit But it's at the test of time didn't it and tether's been around a lot longer than most so I mean so far It's looking pretty good. Does that mean that it can't be? D-pegged and problems can happen. Sure. Why not? We'll see when When they do the audits, but they already had one Went forward We'll see. I personally don't like tether that much. I just use USDC and the reason why is Because a layer CEO came before Congress and said we are a hundred percent backed by either bonds or Cash equivalence a hundred percent actually there. They said that we have a little bit over than what it is So for them, I like that especially if you can back it up with tether Yeah, I don't think anybody's seen their entire books except for the audit that was done in the British Virgin Islands If you want to trust yourself on that go right ahead But I keep a lot of my wealth and well real estate and Bitcoin Ethereum and I stick it right in here On this thing a ledger Yep when I hit honor K, I'll do a cannonball in the pool. No problem. I have no problem with that Who's these guys these these guys these these Are you gonna live stream the Fed meeting now? Not really a Lot of people a lot of other people will be I'm more excited to have Simon you on from storm x Then the Fed meeting I got to tell you it's you got one of two flavors You have vanilla or chocolate either you're gonna get point seven five Interest rates are gonna have one percentage point or 75 basis points or a hundred basis points I don't think anything's out beside that and I'm pretty sure a lot of that is actually priced in a full percentage point going up probably rock the The markets for a bit, but it'll recover. What's really gonna hurt is these earnings reports. I Think that's what hasn't been for some reason people like well the rings are down. It's crazy Yeah, I Mean Vision 2020 is hindsight hindsight is 2020 Gary is wise. There's not dumb. I'll tell you that and I think he's doing the long run path clearing the house first Yeah, okay Bitcoin drops 90% every so often We've seen some falls, but I mean look The all-time high was 69,000 for this year. I think the lowest I went this year was 178 It's quite a bit But again, it's all what you're what you're in for are you in it for like like a super long run You know for the technology are you in it for the rebound? I gotta tell you tomorrow if the judge comes out and says Judgment for Ripple sec. Sorry. You lost every single person here. But like oh man, I should have had XRP. I guarantee it Well 99% will say some people just hate it, but I'll tell you right now I'll be glad that I held on to it because I can guarantee the price will go up That's it But again for some people it's not about price goes up. Some people it's more and that's them Robert Goss, okay, it's funny I don't know Jack, but I'm moving out of all coin generally and prepping for opportunity Maybe build long-term positions at Bitcoin and Ada. I like it and that's it take note Take note though. I'm always wrong Always wrong. I've read a lot of your stuff. Yeah, Robert's right. You know what if you like that Hey, I will tell you this though. I know people don't like Cardano. Some people don't I love it and it's cheap Very inexpensive. It's pretty fast and it hasn't been down. So it's got a got Dexes as NFTs Can transfer a lot of things on it's it's got a great. I mean as far as staking I don't think anybody does it better than Cardano staking. They killed it knocked out of the park Your crown never even leaves your wallet for Pete's X There's no lock-up periods and yet there's no lock-up periods and yet what's well. Let's take a look I think it's over 70% it could be wrong There's a website called staking rewards calm you can verify this remember don't trust verify I could be a filthy liar Let's see view all assets Ethereum Solana avalanche there's Solana avalanche polygon Does anybody know a specific reason why Cardano is not in this list? Let's break it down by staking ratio. Hmm That's interesting. Let's go by numbers Now other way Very interesting this used to always have Cardano On here and now for some reason it does not let's take a look Unless I'm missing it That's interesting. How they just elicit that Well, let's go here Very interesting staking rewards calm very interesting There's a website called dan teaches crypto.com. It's 100 free just so you know and I show you Difference to improve work approve a stake how it works with Cardano how it's left into your wallets Multiple wallets if you want to use those deadless your roy ate a light And let's see right here Let's go to pool pm 24 million Not bad So the amount that's staked for some reason staking rewards doesn't hold it 72 percent almost 73 percent of all cardano was staked. That's a lot That's a lot especially for when you can unsteak it god dang it. What the heck happened to this website? Maybe everybody can ask them. I'm very curious now. Oh, well, that's what it is ah Let's see Thanks. Thanks tesla and gary Don't hey, I like I said before we love institutions when they come in here and and invest But we hate them when they take the money out But that's what institutions do don't you understand? They're not here for you or me They're here for the shareholders and tesla did what's best for their shareholders. So don't get mad at them It's uh, that is the market. It's a free market. They do whatever they want to but uh, I saw this nice tweet from Elon musk. This was back in may 20 21 or october 2021 and it says tesla has diamond hands And I retweeted that i'm like, I don't think that's true But again, they do whatever they want to do But just know from now on that when people talk about institutions and how they're going to buoy us And we're never going to see these peaks and valleys again Uh, call them out and say you don't know what you're talking about because nothing changes Ah, okay Well, thank god lucas is here finally Too busy making a ton of money and all these trades cardano is currently undergoing some api connection maintenance and second words Thank you lucas before I my blood pressure went up too high And here's robin. Maybe this is lucas or any thoughts on mattock to be used for staking and only I don't know but I think Mattock and polygon is going to be the one of the breakout stars. I mean disney picked it up for their incubator program the only blockchain company project out of six And then also with those new zk roll-ups. I forgot what they call them now, but they can make that essentially Uh scaling infinite That's what they say anyhow and it drops the fees so Brad lucas says again We are working to get this solved as we speak until the data presented this page may or may not be accurate All right I thought it was See this is this is why I'm glad smarter people and more level-headed people on my show so they can tell me to calm down It's going to be all right Don't get fired up Lettuce lettuce Lettuce hands their diamond hands Why is the us and the eu not crypto friendly? Well I think it's because there's an old old world system out there and If you weren't it's We're just talking about this on a podcast right before I came on here if you It's much easier To come into power than to relinquish power So if you have all the power that you need And you are the person that sits atop the throne how tough is that to give that up? So if you're a financial legacy system And of course you run part of the government because these are things don't I'm just saying that's what potentially could be It's very hard to give up that power and especially if you are The reserve currency and you don't want to lose those types of things. It's very tough to get out of the way That could be a part of it or maybe it's just because they don't understand. I don't know And that's it Uh This is good and jay says it correctly the question the big question is why on earth would they be friendly to crypto? That's a great question. Why would they be friendly crypto? It makes no sense if you were a payment processing platform and Like paypal and stripe and there's a plethora of different ones throughout the globe, especially in india and china If you're paying a percentage of every transaction of either 2.99 percent plus 30 cents per transaction or 1.99 percent Why would you do anything with with crypto in the glass? That's when I give power to people The can't centralize that it's very tough to take a cut there Why'd you do it? I wouldn't do it Ah, let's see. I think that's it. Let me make sure I miss anybody's questions Ah, if my dad's name was dan and dan would my dad's true Great question. Where is the dan is not your dad t-shirts in the works In the works Yeah, I've heard this too. Germany has no tax on crypto if you hold more than a year That's a great plan. Actually, that's like it forces you to become a better investor And uh, you know becoming as they call them the paper hands So if you had something like that like hey, we want you to hold this for a year or longer And you won't pay taxes and I hope it's a bad investment. You gotta get out. You gotta get out But that sounds reasonable to me Uh, Tony says 150 000 tps and one second block time. Who's that? Because they are crooks and central blankers. All right, everybody. I think Yeah, that's it. So look I know it wasn't a very popular opinion, but I think that's uh, I mean regulation is coming Where do you want this to to be in the hands of Gary Gensler on the sec? Or do you think it's just best to maybe the cftc in their history of being a little more crypto friendly could be a better Uh, vocation for that and that really does that really does come down to midterms I think if you have the same people who stay in power, which I highly doubt that's going to happen then The this bill as a snowball's chance And held to Actually pass. So we'll see how it works out anyhow be strong this week. Just know we're going to see a lot of turbulence I expect things to go down or any of the parts are going to come out. I don't need to be that great I could be wrong. Hope i'm wrong, but again I'm actually hoping it does because i'm value cost average. That's it. So look, thanks so much everybody for stopping by I do appreciate you. You don't have to if you can do me a favor hit that like button Apparently, that's what youtube or some reason lives as far as the algorithm And that's it. So thanks so much appreciate it. See you guys tomorrow. Adios