 Now let's jump over to the Q&A, which is my favorite part of the whole show and let's get to it. Jerry, let's do this Let's see I start a couple Now Nick says that Solana is going to the five to seven dollar region Jerry, what do you think about Solana? You got a Solana? I own one Hey, you won't be left out. That's good. I staked it and it's it's an a private where they call a Browser extension wallet. Yeah, okay You probably got it on what is it phantom? No, believe it or not. It's on Soulflare No, okay. I never heard that one works out pretty well. Well, you got it. You got a whopping one One not Solana which according Nick could go to five bucks. So well, here's the thing there are the likes and dislikes of specific projects are all individual and I could never Fault anybody for liking something even if I don't like it. You know what? I mean, it's yeah, that's okay I think like people hate some people hate Solana some people love it because they say it's fast It I gotta tell you my friend Stephen here who owns the San Juan smokehouse in Puerto Rico He loves he loves it. He goes if you're trying to use DeFi with it He goes it's super fast and super cheap people like that. I said, what about that? You know downtime he's like, yeah can't be up all the time and I was like, well, that's true But I mean, I mean we'd like to see it up as much as possible Jarky says he's waiting for Solana to die and then crypto golf says, thank you Robert timing the stream swing and watch USA Wales in an hour from now. I'd be good On in Qatar, I believe Yes Jarky also says He trusts me but people can always go in a corrupt corrupt corrupt mode. So I trust him 51% I gotta tell you that's that's that's pretty high numbers. It's high praise and then I Trust myself one of us, which is a good actually. That's probably the best advice you can have right there Let's see Tom crown is here legend. It's guys showing up everywhere Let's see. Hey great interview yesterday Tom. Thank you for critiquing my strategy We talked about the dogecoin millionaire yesterday and So so so speaking of profits Jerry, you know, how much he so he had a hundred some run a hundred K or so Dumped in a dogecoin. I think he was up to three million somewhere on there and then with the recent crash He was right back to where he started. He took zero profits. What do you think? I think it'll take profits I think a lot of us. I think of a lot of us in 2021 did exactly the same thing and I don't think I will make that mistake again. I Gotta agree this one though. I heard people say they the people that lived through the 2017 I Heard them say in 2018 and especially in 2019. They were saying. Oh, yeah, man I won't I won't let that happen again and I happened to have a friend who's one of those guys who in 2021 let it happen again He missed the he missed the top of both Here I so I so I have a question for everybody in the audience It happens. It happens. I have a question by the audience Do you still believe in the diamond hands theory or are you gonna take some profits because everybody's different, right? Some people like I'm here for generational wealth, you know forget Jerry and Rob We're gonna go generation wealth straight up and I'm just gonna hold it for 20 years Are you gonna do that type of thing or maybe take a little profits and especially in the next bull run? I'm curious if people are gonna do that or not And let's see Bickey From the show Rob's bat token was getting up there. I hope so bat Basic attention token. What a power for the next big thing Steven says the Chinese and Binance want to hack your crypto and steal it I think everybody wants to steal crypto. Let's that's not let's not put it to one specific country Everybody does that's why it's all a scam, right? Oh Jerry have you been following this story? Cardinals stablecoin will not know no a Right us us da something to beef us da bat by us dollars interesting the stablecoin thing Isn't final like though they're gonna be stablecoin wars Coming up here battles But whoever gets it right and whoever wins is going to have So much velocity because everything is collapsing into a digital state Value is no different right value is no different So we're watching the proliferation of all these incredible new payment structures and systems They're all gonna use a digital medium To transact it's gonna be interesting to see who wins to win There's there was that one and also they talk about a privacy coin coming up on Cardano. That was another big thing. Yes But I don't know if it's a coin or a chain. I couldn't I couldn't get the that's a layer one I love I love Cardano and I have a I have a nice size bag of it and I just stake it Stake it and compound stake it and compound compound Yeah, I agree. Let's see Oh, this is a good one Tom's got a good point What would like to be able to take out the original investment and then some more along the way That's a that's a pretty safe strategy as far as like taking problems great strategy. It's this matter of fact It's my number one yield strategy So any asset that I invest in to get a yield from the minute it's given me my full ROI Yeah, half or 30% Immediately and take that profit right off the table Oh, okay It covers its ROI then that I'm taking profit and then I let the rest of the profit pay me every day until the project dies So, okay, so to tie it again select. Let's say you put a thousand bucks into Tomato coin, right? It's made of coin gives me let's say three commado coins a day And the price carries depending on the market, but at some point that yield that it generates is going to pay off the thousand dollars of tomato coin that I invested in the first place Right. Okay. Yeah For these that have already reached that point they paid for themselves I've got a wallet full of them that are still producing more yield every day And then I go into the wallet and I'll unbond a certain piece of it Hmm, right. So let's say I bought a thousand coins Yeah, thousand dollars and I've received a thousand dollars in yield I still have the thousand coins. Maybe the thousand coins is only worth five hundred dollars But it's still spitting out coins every day I'll go into the wallet and I'll unbond and I'll take two hundred and fifty dollars of the coins out And that's pure profit see that's it still in the wallet is still producing yield every day Obviously it varies depending upon the price of the coin at that particular juncture, but that's the strategy and it's this is the concept Crypto companies are offering us incentives to join or be a part of their networks This is all part of their funding packets. They know if they're going to have to have a project They're going to need to incentivize users to come So I'm just taking advantage of highly incentivized Blockchains no different and every one of us that likes to go to a retail outlet on black Friday and Take advantage of an incentivized sale of a television or toaster. I do actually like that Right, so okay, so that's that that's a pretty good bear scenario check out this one Here's the are a bull scenario. This is Jay and Charles always got good questions and comments Here's a bear catalyst bear catalyst for probably the worst-case-near Genesis declares bankruptcy, which is today Monday today's Monday, right? Yeah, today is Monday. Yeah, so I believe they need like a billion dollars to fill that hole So Genesis declares bankruptcy then of course there goes your Gemini earn grayscale The Bitcoin trust and ether forced to dissolve. I don't know. Well, that's the biggest issue Gemini going bye-bye is not a big issue not a world-end or grayscale That's a big issue. We've already established. They have 635,000 Bitcoin. Yeah, quite a bit If that hit the market for liquidation, I'm sorry, there's not enough Michael sailors in the world to cover See How about this so let's say that does happen and we start to see Bitcoin cascade down to I Don't know 14 13 12 10 K. Would you be buying? Yes? Yeah, me too. I mean come on I mean, I mean Now you and I are lucky because we're in Latin American cultural places where The restrictions for stuff so we can always make jam and jelly or sauerkraut in our garage And sell it at the farmers market. This is true. You know, I mean, yeah We also live in places and climates where we can grow food Easily like you that whole backyard where the swimming pool is it that could be a food producing garden You would save money on food by eating out of your garden and the money you save on the food You don't have to buy at the store that's all shipped in you're buying Bitcoin I might have to because if you see in the price is in Puerto Rico, it's super All right, so how about this so how about this he talked about D5 ban in the US ETH? Here's another thing. How do you ban that? How do you ban so you make a law? But how do you enforce that law? Well, I'll be the same way that they did with the Toronto cash, right? tornado cash Cuz because here's my question to actually do an on ramp or an off ramp for cash Well, you need a some type of centralized exchange unless you can actually hook into I think someone told me that true USD You can do it but true USD is a company that has a centralized point of failure And even if you did that they could say well, we can do it except for Iran North North Korea and America you guys aren't gonna get it and then they're like you guys can do whatever you want to But there's no on no more on and off ramps I think that would be like one way But they can't you can't ban D5 and there's another thing if you ban crypto in any any of the projects or any of the The big projects and also D5 It just creates a vacuum and of course just goes out of the countries and guess what the other countries do well Thank you because this is the new technology will absorb it and you guys will be left out To shut down D5 to shut down by you have to shut down all on ramps and off ramps for all crypto Well for all crypto for United States citizens if you're gonna go that route Which mean yeah, which would be difficult, but I could do it In the United States, right Right very difficult very difficult. How about this one Jerry? We talked about this before Everybody's freaked out about this you get ETH declared a security everything besides Bitcoin becomes a security because all of a sudden Gary Gensler who watches the show he comes out and says you know what I told you guys and we're gonna ram this through in Congress They're gonna they're gonna give me the authorization. We're going to just say that these are all securities Let's say that happens. Is that doomsday? I Don't think it is. Okay. Walk us through that Jerry. All right. Let's say every non proof of work Asset becomes a security right and all proof of work Blockchains are deemed commodities by their nature. Okay well, okay Schwab Fidelity JP Morgan Goldman Sachs Bank of America Wells Fargo Everybody would be Including those security assets in their brokerage because there's an an a massively large already established License brokerage system to deal with Securities so all it would take is if you're deemed a security and you haven't registered yet come up with your $185,000 and register the goddamn thing. That's how much it is or or go away Or yeah, that's the same Right, I don't know what Cardona would issue there. They would apply for their security license ETH would near would polka dot would you know Algorithm would blah blah you go down the list of the big boys They would start they would be a line in front of the SEC with registration forms already filed out ready to go I wonder so like let's say they let's say that does happen and they come out Would the SEC have the authority to come back and go you guys were on registered securities. We're gonna find you Yes So what kind of finds you think they could impose because I know like like with with eos dirty It would be it would be they would set a standard Okay, it would set the standard and then everybody would be expected to pay the standard. It's it's it's Unfortunately the pay-to-play model of I mean it's the pay-to-play model Yeah, and we can rail against it and see how corrupt in an un-American it is we can do all that or We can go about doing business and that's the way business is being done for a long time It's slimy, but it is it is the reality, but you know But us the users it's nothing It's a big nothing burger The only people it affects are the developers and the people that are actually governing the chain Also, you know what else it is Jerry. It's a it's a great way to to generate revenue for the government, right? And why not well Anything hey anything to keep them from raising your taxes Let's let's look at this right this is my biggest thing and why I love your channel and why I love crypto Because it started to teach me about economics and started to teach me about monetary policy I've learned what money is as a direct result of being in this space No, I'm not a working business owner for the last 56 years It's being in this space learning about crypto has taught me financial literacy and Here's the thing. There's only two ways the United States government can fund itself taxation and the issuance of debt Of course, right? Well, that's it. That is it. Yeah So so you have to think that fines and penalties are just going to be another Tax receipt stream for the government and if that keeps them from raising your Income tax rate, right? That's why that's why like people say grip is going to zero It's not going to zero. There's too much money slosh around and of course the big the big names are here That's not a big thing Governors I want you to stick your your cash into savings account. Why would they want to do that? They want to tax you so start spending that's the whole thing spend and tax a velocity of money is Where money gets its value? When money is not sloshing around the system money starts losing its value Yeah, hey, so what do you think about this one rocky rocky Bobby? Says Fidelity is now sending me marketing emails about Bitcoin interesting Patreon group my and beyond here's my shameless plug beyond One of my okay got it members is works for Fidelity the crypto division Really and it kept her mouth shut for months Until this last investor meeting and she was able to Disclose what's going on. Yeah, and she disclosed that Bitcoin and Ethereum and they are looking at others But they're waiting for clarity just like everybody else is Okay, so here's the next question. So this lady that was a fiddle Fidelity, right? She was part of the not the board, but the inner workings So they're going to start to invest and give their clients access to Bitcoin Ethereum so They're reading her regulation. What happens when we get regulation It depends on what kind of regulation if it's if it's Selection like this is what a security is this is a commodity. This is utility. This is a currency blah, blah, blah Yeah, I think you'll start seeing those funnels filled I gotta agree. Yeah ones that are Securities by the sec's definition But in their mind that they were commodity and they're gonna apply for they're gonna try to fit into the commodity funnel And they'll be some little gatekeeper, right some little gatekeeper with the glasses and the pencil and the excuse me You're in the wrong line. You need to be over there in the in the security line This is for commodities like Bitcoin and Litecoin and the 25 different versions of Bitcoin that aren't Bitcoin that were forks of Bitcoin, but now or no, you know, whatever that whole Fire Yeah Okay, here's a question from Paul. What's your biggest FOMO and fail? I'll tell you I mean so far I'll start I'll start I'll say it so I got into Luna Last year and it did well and then of course Thankfully I had to sell a bunch of crypto because I had to pay for this house And I didn't really want to and I did and I'm it wasn't like I was smart enough to figure it out I just timing just kind of worked out and I sold a big chunk of it But then guess what I got as soon as I sold it and I paid off the house I went right back to dollar-cost averaging and not like $10 dollar-cost average It was like I was trying to make up for lost time It seemed like and I went in and not like I didn't put like hundreds of thousands of dollars or six figures something crazed like that But it was enough to where I was like, damn, that's all gone. So that was my I think that was my biggest one Luna I mean, I made some off it, but just how it is Jerry. What do you got? I? Crushed Luna. I made a lot of money on Luna, but it was all in the in the the turmoil of the event biggest failure from an investment standpoint was a chain called sift chain and it's in the cosmos ecosystem in my the big lure To me was they have this incredible Dex in bridge, so you your sift chain wallet had an aetherium address and had the cosmos address And you could get wrapped Bitcoin wrapped a theory and da da da da da And you could do all this stuff on their decks For like pennies like fractions of a penny and I thought this was great And you could stake their coin in your wallet and earn a hundred twenty three percent so I took like 50 grand and put it into that thing and Yield was monstrous and it was doing great. Yeah, it was a dude in the first month. I'd already got 45 or 25 grand almost half in the first month because I was doing this combination of compounding and yield farming yield farming Yeah, and then it just went into the toilet Months and months and months of sub penny Sub penny performance on an asset that I think my average cost is ten cents Did we get do we get greedy Jerry? Is that what happened? Sometimes I got greedy and I'll tell you what I developed a new rule like you have your four rules that people see on the screen a lot Yeah, I love my new rule in this world of DeFi is I'm never gonna commit a Large chunk to any one thing ever again. Yeah Yeah, that's for don't be greedy go ahead if something I put two grand three Four grand into something and it'll pay itself off in three months and and there's potential profit for years after that's great Don't be putting tens and 15s and $20,000 at something when you're you know, your portfolio is only 60 50 grand Don't be stupid. Yeah, he's stupid. And I think we got greedy. I think we all got greedy in one way Cells use being a big mistake Oh, and then the other thing that I was thinking about this no other big mistake on my part was was I thought That it was a good idea to tell people about crypto that I that I I thought would get into it Like this is just like family and friends But they didn't have the same desire that's a huge area or the people everybody watching, you know Tesla Jarky mean everybody that's that comes your all the time Vicky, I mean all you guys that are here right now You understand that it's not a set it and forget it type of play you have to be in this game you have to understand what's going on you have to make moves and I mean not like big huge moves, but that's it. So my biggest mistake was I don't think I've ever gonna tell anybody about it again because if I tell people like To invest it's a wrong play I think the best way to say it is like why I've invested in the crypto because it's it's gonna change the world And then just leave it at that and then once they want to learn I'm not gonna beat it in their head anymore It's just like you got to learn about it and you got to stay in it because if not There's a lot of problems that can happen. Just look at like if I mean Voyager Celsius FTX how many of us told our friends and family, you know, you could you should use that and now here We are so and of course maybe maybe you told them But maybe you figured out later that hey, this is a dumb idea I should probably put this in cold storage But you didn't follow up with them to say hey, did you put it in here in cold storage? I think that's the bigger thing and before before Nick's head explodes He's asked this 10 times. What's the edX we can try to set limits. I will tell you it's called Jerry says dydx I have no affiliation with it. I don't have a link for it. You're gonna have to find it yourself dydx Okay, and then Crypto Kool-Aid who has nice glasses says Cardano has no future. So just Ouchie that hurts done, you know, it's interesting to me I don't have a like I have a discord thing going on right now. I have this back and forth with this XRP Guy on Twitter. I love XRP, but I just think it's a horrible investment It's great to have Opinions that don't match but do it in a respectful way. So I would ask Cardano has no future. Why? Why does Cardano have no future? They seem to be one of the few projects that is actually building a foundation to have a future true I Mean they're slow, but that's good, right? I mean how many times we have we have we rolled out D5 products They were like whoopsy We'll have the back door open a little problem with the codes my bad It was Dollars worth of value that got you have a point. It's just a couple billion All right, so maybe I'm gonna take we'll take one more question and we'll get out of here Well, he really doesn't want to answer your question He just says Hoskins and should be in jail Cardano's only but I'm money grab. Hey, you know, hey Look look here's the thing There is I Just what's this exactly? I I just think to myself You know as far as like Cardano, there's this one project. I just love I was I mean, there's a couple of them, but world mobile token actually has real utility It's actually doing things giving telecommunications to people in Africa 1.1 5 terabytes of of data being sent and zipped around on 24-hour basis Which doesn't seem like a lot here in the States, but in a place like Africa, which had no Internet telecommunications connectivity. That's massive. So just on that one World mobile just building right now. I mean that sounds pretty good for me And then of course there are some taxes that are being done. There's some liquid assets. There's hopefully some new things I'm around. Yes, it's slow, but like we talked about hey I really I rather have it slow and right Then have it fast and wrong and that my prime example would be I don't care line takes to build an airplane Just make it right so I don't crash What do you think Jerry I? Could not agree more No, that's it. That's it. That's it. I've kept Jerry way too long from his That's it DJs, that's it Well, just me and you Jerry and the rest of the people are pretty they have their head screw on tighter than us So that's it everybody. So thanks so much for stopping by again I want to thank Jerry Hall for stopping by it's been too long buddy. Thank you, Rob Thank you. All right, everybody if you liked this video like and subscribe all that good stuff And of course you want to win that shield folio links in the description. That's it. Adios. See you on the next one