 Great. Welcome to July set news. Take a top stories in crypto and break them down into bite-size pieces So just the thumbnail and the title suggests there is some good news on the horizon I think it's important that we keep our perspective as to what is going on as a negativity Really just engulfs us. So what we're gonna do is we're gonna take a look at the market recap real quick Also, we'll take a look at Ukraine crypto and Airbnb's almost perfect response to what is going on. Also, we'll take a look at how Microsoft is Hiring for crypto developers plural and then lastly, we'll take a look at what I think is the is the the gem of today's video Which is Simon Dixon part 3 when we take a look at the interview that we did and Simon if you don't know he's one of the OG's in the space. He's been around for quite some time and he was Invested in a Bitcoin since 2010 when he's gonna tell us is what it's gonna take to mass adoption and hint hint It's going on right now. So we'll do all those things and we'll do it at Q&A at the very end So hold the question till the end. But first, let's take a look at What we talked about yesterday and then also a little bit of the market itself So if you don't know this was yesterday's thumbnail and I said there's a little bit of trouble brewing out there and I think people saw this and they just Most of you did watch it but for anybody who didn't it was me talking about two specific things one Metamask wallets being shut down Because of their integration and what they do So this leads me to the conclusion that Metamask is not truly decentralized We talked about options for that and that was troubling to me Cuz I didn't realize that Metamask could be shut down by a centralized authority figure. The second thing we talked about was Citadel And how it's actually getting into crypto and I said it's concerning because Citadel is The market maker for Robin Hood and I said in all honesty, it's probably great for crypto But there's bigger questions at large. You can watch the video link at the very end So with all that going on today I figured we would try to focus on some positivity because man There is a lot of negativity out there and we can you can soak up negativity all day long 24 7365 And that's pretty much what a lot of people do unfortunately even I get sucked into it So today I want to bring a little bit of positivity about what's going on and that does not start with the market because the market Is unfortunately not up, but that's not surprising Bitcoins down the theorems down I don't need to tell you these things because you look at your portfolio probably 30 to 50 times a day So as we're going with this, let me see if there's anything of Fantastic interest over the last hour or 25 hours now pretty much sideways even Cardano Man Cardano is down 5% for the week ouchy 6% for polka dot everything's down everything's down boohoo. So that's what's that is what we have now I will say this this is Ben from into the crypto verse Ben Cowan and I've got it This is his into the crypto verse site and there's a couple of interesting things I just want to point out first of all the fear and greed index which you can find anywhere honestly, but it's pretty fearful and This is where a lot of things are actually done and made is when everybody is fearful It's when you want to run into that burning building, but this one right here I like this one Bitcoin risk and I found interesting. I found it really interesting though Yeah, about just laying off of risk and how risky things actually are and Then Ben it's got a ton of charts here Some of some of them are handpicked some he makes himself some are pulled in from glass note or someplace else And it's a great resource if you want to take a look at it links in the description somewhere I don't know but This I mean you can see the times. Let me just take these down. Let's hide all here's the price if you take a look these points here and Of course, it's on a continuum zero is pretty much no risk and one point zero is like the highest risk of all time Obviously you can see where it points it up pretty Pretty accurately at these these high points look at this 20 and this is gonna be kind of laughable at first We need to take a look at it But 2013 when the price of Bitcoin was a hundred bucks watch out and all the way up here We had the price of Bitcoin a thousand and of course it peaked out and over here There's actually a couple of points. I wish I wish I could show this a little better But you have these points up here. That's not bad 0.93 when the price is at 16,000 and then some people say why should probably get out and if they did they missed out on the one where it goes to 19,000 actually 17,000 18,000 and 19,000 so the question is is you know if we're taking a look at risk Would it have been so bad if we would have gotten on 16,000 and then bought back in at around I don't know 8,000 not a bad deal then over here same type of thing when it went up to 52,000 what is it but as all charts are I found it interesting let me put them all That it didn't pick up This part right here. Let me see. I can blow this in It hit it here 57 61,000 but see over here. It was at 66 67,000 Didn't even it was just in the middle of the road risk So it's always interesting me for all these graphs and charts anything else That's that can give you a little bit of indication But all models work out great until they don't but I just found it interesting that it predicted or it could show You that's how things were pretty much overheated at specific times and there's a famous quote For one of the Rothschilds. He says I made all my all my fortunes by selling before the top and Buying before the absolute bottom and that's just it time in the market is more important than timing the market So that takes us to this next little quick quick snippet about what's going on as far as here we go Hold on real quick. Now. I'm gonna skip that Now skip that too This part is interesting which leads me to the next part Ukraine and I found it interesting this is from crypto quant it always loves to just Log me out at the most inopportune times or whatever and it shows you like the Bitcoin Charities that are going on as far as giving it to Ukraine and it's pretty interesting because like this is from the official Ukraine Bitcoin address so on the 1st of March looks like 17 were donated roughly then 14 the next day And then seven the next day and you see it kind of gets less and less and some people will say Well, why would you give it to the Ukraine government if the Ukraine government falls and it just falls into Russia's hands? It's a good point. Why would you do that? And it goes to somebody who doesn't do anything or it supports the war effort You can talk about that too. They're all valid points and I thought it was interesting About what's going on which leads me to this I thought this was a great idea and it was it was Airbnb's like I say almost Perfect response to what's going on in Ukraine. So people around the world are booking Airbnb's in Ukraine But they don't plan to check in I thought I thought this was a pretty good idea. So this is a Voldemere Bondarenko as Person that lives right now in Kiev spends most of his day hold up in his apartment in the Ukraine capital Between listings for air raids listening for air raids and frankly messaging family for updates He trades messages with a flurry of Airbnb guests booking his one-bedroom rental in the heart of Ukraine's capital And I'm like, I don't know why anybody wants to rent that out But there's a reason for it Sometimes he sends a crying emoji other times the praying hands emoji It's his way of thanking those who are booking his apartment even though they have no intention of even showing up at the door So here's what's going on a March 2nd and 3rd guests from around the world booked more than 61,000 nights in Ukraine according to Airbnb spokesperson more than half of those nights were booked by Americans. Yay, America More than 10 bookings came in today. This was surprising. It's very supportive the moment I told many of my relatives and friends that I plan to use this money to help our people who need it at this time So I thought this is a pretty good alternative To when you're thinking about well, I want to donate and do something for people But I don't want to give it to the government because who knows what's gonna happen Maybe give it directly to those people and then I thought well, if you give it right to those people Well, you know, how does that get disseminated out and he say well this gentleman here is like well I will put this To all the people throughout there throughout the community and that I was thinking about how this worked And I thought you know, it was an almost almost perfect response if it just would have been for Well, first of all for this and this was an article just a couple of days ago Because I thought it'd be great if you know the way the Airbnb works not familiar with it short-term listings People list their homes. They put it on there people pay in dollars usually or Rubles or whatever the Currency is and whatever part of Europe that you were at Rubles be brush up or anything right now But I thought it'd be great as if as if Airbnb which they talked about this is to give these things into crypto And the reason was is because let's just say that this gentleman everything he gets run out and he gets pushed Out of Ukraine for the occupation. Well, it'd be pretty tough to take that money out and If any ATMs actually work, but what you could do is take this crypto Bitcoin specifically and you could take it across just by holding the mnemonic phrase in your head Instead of having to lug around cash if you can actually get it and actually work So I thought this is an almost perfect response if they just would have had a little crypto So there's what's going on The CEO of Airbnb Brian Chesky was asked if Airbnb supports crypto since some people in Ukraine are trying to take point payments in crypto Following Russians evasion. He said he did say Airbnb is I mean, I am personally supportive of the idea of crypto Of course, I think it's a really interesting technology, but then he clarified that Airbnb does not have anything Regarding crypto payments to announce yet, but he says says we are absolutely looking into this and specific to this crisis And I think this is where it all comes down to what Simon's gonna talk about a little bit about where we go as far as mass adoption And then it's got me thinking about what about scams because you know So couldn't somebody just start up on their Airbnb said hey, I got a I got a flat in Ukraine So give me a bunch of money help me, but if you work with Airbnb, you know, it's a little bit more stringent You got to confirm your address either by documentation utility bill mortgage statement lease Tax documents or HOA membership and it can't be altered in any way. Trust me Delft with Airbnb. They kind of suck sometimes and I'll also there's a security code. They'll mail they'll mail you a letter containing a unique security code They'll Airbnb will mail you a letter containing a security code that you'll need to enter online at the providing URL within 60 days So of course that won't happen if you're in war to on your cream right now But you could do it this way if you want to do something like that and grab money So I thought it was a pretty good Article a pretty good thing that's happening in the world and it kind of gets around the whole thing Well, I don't want to send any my money to the government because who knows what's gonna take it off Now it goes right to those people and I've always said that this war It's gonna be tough right now To what you want to donate to and actually want to give to I think the bigger issue will be the refugee crisis as Millions of people start to go across and transfer out of Ukraine if they can get out So let me know what you think about that in the comment section. Let's move on to our next piece a little more good news Microsoft's so this is a little bit older, but it was tweeted out I think yesterday from the block or block works and it was a It was a job posting for Microsoft says hey We want we're speaking our team nationwide to build the next generation of crypto forward products You will help build the next generation of systems To make cryptocurrency Accessible to everyone across the globe and I think if it gets to me like Microsoft and of course I'm gonna hear it all in the in the in the chats in the comment section, but Bill Gates the most evil person of all time Sure, whatever. I don't care I'm just glad that we've got big people who are getting into it and kind of realize it heck I even just saw that's on top of that Walmart Walgreens CVS MGM and a bunch of other places are going through as far as like getting their patents together for metaverse plays or NFTs So I think well I think we're in the right place the right time just gonna take a little bit of time And then but when I see this on Twitter, I'm like well, how fake is this because I don't know I don't know where this is from so I had to look at Microsoft's website And if you go to careers on Microsoft commies type in senior software engineer. Yeah, it'll come right up But this was all this was in January 6th, 2022 But they do say here as far as preferred qualifications experience with blockchain tech digital wallet and crypto So if you're looking at the prices today, yeah, it sucks. I mean, let's just be honest It's not the greatest but as time goes on I mean, you've got some of the biggest companies in the world getting into crypto And I think we're right where we should be but the question is What does it take to get to mass adoption because right now? It just seems like we have good news and good news about what's going on crypto But what the heck is it and really what it comes down to and I'm just gonna let Simon talk to you about it Simon Dixon You don't know original investor into into Bitcoin. This is our third piece of the interview and Simon's also the creator of bank of the future. He's been featured on a pretty much every show You can possibly think of as far as Bitcoin. Good buddies with Max Kaiser He him and Max Kaiser like one of the first ones and they invested in small little companies like crack in and coinbase You know little stuff like that back in the day So I asked him like hey, man What's it gonna take to get the mass adoption and really what it comes down to is What's happening right now and it's painful, but it is the truth So this is about six or seven minutes. Just take a listen and this kind of just lays it out perfectly about what we actually need So let me switch over And check this out, which I guess will leave me to my next and last question, which is this We've been around for quite some time. You've been around way longer But what leads to mass adoption since you've been here for so long You probably heard all the different narratives about what could actually bring this to a head Do you think times like right now with Ukraine being invaded by Russia and the different sanctions that are going on or the different governments that are trying to shut down Centralized exchanges, maybe people can realize that Bitcoin is a good thing. What actually leads to mass adoption? Yeah, so the rhetoric around mass adoption has been a real back-and-forth rhetoric for a long time It's because Bitcoin is different things to different people. So when I wrote the book bank to the future I said banks do three things when you deposit money at a bank. They own it When they own it, they can spend it as they choose and they can redirect it and they create it every time they issue a loan Well, Bitcoin is the exact opposite So Bitcoin allows you to earn your own money Bitcoin allows you to spend your own money so that it takes out middle people and it has a monetary policy That anyone can rely upon because it's it's embedded in maths and code and never changes And so when someone asked me, what is Bitcoin adoption the demand for Bitcoin? There is a fixed supply the supply will never change Everyone knows what it is into the future and you can calculate it to this to the to the Satoshi At every point in time But the demand for it always changes and the demand for it is based upon people discovering That there are reasons to own their own money. So the original, you know use cases were buying drugs online And then that moved into things like gambling where there was censorship within money And then that later moved into people discovering that banks own their own money when the bank bells in and they lose their deposits And then it leads to the second thing which is people discovering that the user experience of spending money is being ruined By a couple of agendas and a couple of agendas that the government are not going to change The government wants tax and the government wants to take out the bad people And so because of those two forces that are going to get more and more aggressive They use financial institutions in the middle like bang to the future for example We're a regulated institution and we have to adhere to all of the rules and regulations And therefore you end up in the middle and when they have to do law enforcement They want to get lower risk and so in order to have lower risk because they'll get fine shut down or extreme cases put in prison If someone does money laundering through their financial institution you end up with many financial exclusion Incredibly cost-expensive transactions Incredibly Implementing technology in order to try and do surveillance at a cheap rate in order to adhere to the regulations that the financial system Requires you to adhere to you. What is game-changing is? Allowing the individual to have their own money spend it as they choose and then have law enforcement Get to decide how they want to You pull out the bad actors because every time you commit crime you're creating immutable records of your crime and the third thing is Understanding that money supply being fixed is good for your savings and is good for your wealth So digital hard sound money has created 69 million percent returns over the last 13 years I don't think you'll get another 69 million percent returns However, the returns have been every single year with the exception of a few years Significantly higher than every other any other asset class in history. So you get this wealth effect No one wants to be Bitcoin pizza guy and Bitcoin pizza guy person that spent 10,000 coin on two pizzas We've all been Bitcoin pizza guy. We've all spent our Bitcoin I gave away more Bitcoin and I can imagine in their days to anybody that would accept it and receive it and so the demand for Bitcoin is based upon those three factors the government's doing a fantastic a fantastic job of Letting people know that you're about to be victimized by the financial system due to political leaders That are going to be imposing sanctions on each other for their each other's actions This is going to hit people at the highest level because their currencies are being destroyed Their savings are being destroyed through no fault of their own other than their leaders and Deciding for political reasons that financial weapons of mass destruction need to be thrown around at each other And so if you get caught in the middle of the wrong Bank, then you're at the mercy of a bank bail in if you get caught in the middle of Trying to transact with somebody in Canada that want because you want to support you know some kind of You know protests against being forced to give up your job in order to have an injection in you Then you shouldn't be censored from that transaction in peaceful protest And if your government decides to hyperinflate away your savings Then you need an exit from that so that the reality is is this function of those three things and every year We get a new reason for people to learn the lesson that the demand for Bitcoin always increases relative to its supply Perfect perfect response right there, and I can I can totally see it. Hopefully people will Figure it all out as time goes on But that's why they have people like us to spread the information to get to educate As much as we possibly can so Simon you've said it all today. Thank you so much for for stopping by We appreciate I'm gonna have to get you on this show as things go down the pipe later on because I think Somebody with your rationality as far as what you know in the past could help out a lot of people Awesome. Yeah, you know, I regularly give content on Twitter as well So I do that and I've got a YouTube channel and I just try and help people I really appreciate the work that you're doing because I just think that there's so much change in this world today I always end with you are alive at the most interesting and exciting time in financial history Some people are gonna be on the wrong side of the change others are gonna be on the right side of that change and the more Education people can get the more likely they are to be on the right side of just a rapidly changing fast-paced economy Couldn't said it better and that's and that's it so everybody if you want to follow Simon you over at Twitter It's at Simon Dixon twit and then also for his YouTube channel I've linked both in the description below so you can check them out great advice Simon. Thanks so much for coming on Thank you And that's it so Thanks again for Simon Dixon for coming on and dropping a little bit of knowledge and keeping keeping us Enlightened as to what could potentially happen a couple things to note first of all you'll notice that there was a little glitch there Simon had the feed dropped out. So I had just put on our superimpose his Twitter accounts That's why you couldn't see his face all the time just Connectivity and also if you want to find Simon Dixon as to his YouTube account I've already given you the the Twitter if you go to any of my videos from now on And you just click on what's new or underneath or the description You'll see all these things here, but you'll see right here. It says YouTube channel recommendations These are all the people that I usually watch and it rotates. I've had many a youtuber on there But these are the ones that I I watch pretty much At least at least twice a week and you got the coin bureaus a CTL arson the best answer critical So the very last one here I just added them on with Simon Dixon and you can click on there and his YouTube channel will pop up Also, you can check out bank the future and also you can check out His Twitter account, which will also be his YouTube So that's all the information that you can get and the last time it's gonna leave you with this What Simon said made a lot of sense. It's pain pain is what brings on mass adoption It sucks, but it is what it is and it's it. It's the same thing. We've always heard good times Good times make make weak people and weak people make bad times and bad times Make strong people and strong people make good times and it is a ever Continuing loop that we go on and there's just one of those things where yes It is not the greatest. Yes a little bit of the world's on fire. Yes, there are some problems But yes, there is a silver lining out there in the future. That's what I got So look that's it for today's news if you like today's video give it a thumbs up Give it a thumbs on whatever or consider subscribing Yeah, that's always that always helps out the channel and that is it for the news portion If you want to stick around for the Q&A, that'll take about that's five questions in five minutes We will start that right now. Otherwise, enjoy your Sunday and thanks for stopping by Let's get to the Q&A and I had some comments that is checking out This one first of all, thank you to mullets. What's up, buddy? For being in chats and regulating like he always does, you know Mullets got he's got too many too many golf games going on to hang around here So I appreciate when he when he comes by from his days of trading and make a ton of money So thanks, man And then met a man has a good point metaverse is far away from development. However gaming tokens will be huge Which I believe that to be true the people that I talked to as far as metaverse. I mean That's a long long play I think and land is a long long play just like when you buy land the outskirts of town Well, if you wait five years, it's worth a ton of money. That's usually how it Sometimes how it works out in all its time, but yeah metaverse and gaming is here right now just that the gaming Aspect isn't the greatest. I think some gamers want the super high res really great stuff And some people are like, I don't care what's pixelated. Look at mine or Minecraft I mean that is the most pixelated game of all time and it's played by seems like seems like hundreds of millions of people and Then here's a question. I got do you tax loss harvest your crypto? So this is our first question from next survivor next survivor. Yes So if I'm going to how you do that, you can't do that in stocks. That's illegal It's called lost trading But you if you have a massive loss at the end of the year or any way you really want to be you can sell off your crypto Keep it as your losses and then buy it right back with them like five minutes and then it just shows you as major losses now I moved to Puerto Rico in 2021 However, I'm still gonna own taxes for half of the year because I got here So I did a little tax loss harvesting and sold some things off and that's And I bought I bought some right back So I just let it go because just a loser position, but yeah, you can do that. That's what's up now Let's get us some more questions Yeah, so here's some as a comment connect wallet and I'll send you 10fts this showed as a Sponsored ad before your live video played. Yeah Look, I can't help the crappiness that is YouTube and their algorithm of how they are able to get in these crazy ads But yeah, anything that really asked you to do anything Here's the basics Assume everything is a scam until proven otherwise you are guilty until proven innocent if you do that Your life's a lot easier and also if you if you get any kind of emails I've talked about this before but at the top of my in the description the first thing I put in there Why is the second thing after my shameless plug of Dante's crypto? The second thing I say is think it's a scam email and you can run it through a Google app From toolbox to analyze it and here's how you actually do that and I put a video there So if you do that you're gonna you're gonna see that a lot of emails that you get are just a bunch of spam and junk Actually, most of things you get 99% of stuff is a scam and junk. So just be aware I think you'll be a lot happier that way. Okay YouTube is in the scam Let's see Hi Rob why is phantom tanking? I believe it's because Andre one of their their top guys who's been in a lot of different Projects like year in finance. He left phantom. So When some of your big rock stars leave and it tanks not all the time, but that's that's what happens Look, Ethereum worked out. Okay. I mean Vitalik's still there, but she had Charles leave and Gavin would leave and some other people even seem to work out. All right They're on Next question. This is number three Hi, Rob. Are you as high as on souls James? No, James really like Solana? He's on a lot of research and is dead set that it is going to be the one and if it is great If it's not that the eye, but I've hedged my bet I still I own Solana and Cardano and a phantom and near and polka dot and Ethereum But you have to understand my portfolio is pretty heavy Bitcoin Bitcoin Ethereum because that's just what's going to do great in the short term long term three years two three years not for sure Let's see So I'm gonna answer this by saying ask your CPA because I'm not a CPA But if I use a stable coin loan To pay off a cash loan How I write that up tax wise well You know, that's probably not a bad idea if your loan is like 10% or higher and you can get a Crypto loan like cheap like on Celsius for like 1% Why not do it? You know and you can pay that down, but how would you know tax wise talk to your CPA? That's a great question for them. I'm not gonna answer that I'll stay away from the things I don't know. Let's see. Thank you You Yeah, I just I don't like to to be ahead of everything everything on a layer one solution I think it's not everything but there's gonna be a couple layer ones that are gonna work out pretty well I don't have to have them all hit look the phantom crashes and burn Meh, but if uh, you know, they all crash and burn probably a little upset But that's why I own a lot of Bitcoin and a Bitcoin crash the burn still be upset That's why I own some layer ones layer two solutions Matic and stuff like that metaverse plays and everything everything else but again, I don't like to I'm trying to consolidate now. It's a little bit Well, so BL says Dan is the winner He's selling info and getting paid off views and selling courses. That's incorrect. So like Dan teaches crypto Is a hundred percent free and there's nothing there that you have to pay for so I know you're talking about And as far as like getting paid off of views. Yes, but This month Actually night last month. I got donated to Ukraine So not so much and if you know it in like with YouTube, you don't get paid a lot of money You know where you get paid a lot of money a lot of money courses You get paid out boatload of money. That's why I don't feel anybody remembers like nuggets news back in the day before he got out it as a scammer kind of or just a really bad trader at minimum He didn't he didn't monetize his channel, but he had a massive like you're making like hundred something thousand For his courses. So that's where we make the money pal and I hope you understand that I wouldn't hope that answer your question Have you seen this guy's portfolio actually invests very little in crypto I don't know if you're talking about me or somebody else, but I invest a lot into crypto As a matter of fact, but I don't invest all in a crypto. You have to understand that so like these places like real estate You know, it's a pretty safe bet I think I do I do a little bit of stocks without not too much and then also from my Amazon business for Dropshipping and things like that, but I don't but I would say the majority a good amount of what I Can't really say that because real estate has really skyrocketed an evaluation over time But every day I'm buying seven different cryptos and it's not cheap because I believe in dollar cost averaging. So Yeah, I don't know. That's me or somebody else Question number four. What's up with the Puerto Rico water? Not sure. I just Drink filtered water. I mean it can't be worse than Arizona water. You're living Arizona. Yeah, awesome tough question Rob if you asked asked for a volunteer force of medics nurses PAs and doctors for humanitarian effort to support hospitals in Eastern Poland for injured Ukrainians, would you go when I? when I was working at Not MDS KCI it was a KCA was a it's a medical device company and I was I was the one of the trainers for the doctors and nurses how to do that thing. There was a A mission that we could go to for Haiti and I signed up when that big catastrophe happened the The earthquake so for this one what I do it And I see these things and you know when you see these things you want to help you want to do the best thing that you can Do what I do it Would I be a value and of service? That's the big thing. I don't know but I see it I'm like looks interesting. It looks looks like something but you got a Then of course as I say this then I'm gonna get a troll so you don't understand Rob because Ukraine is filled with blah, blah, blah and all these people and I Don't want to get into it. This is supposed to be for crypto. We'll say that and that's it This BL says you're wasting the time you're buying though. Oh, let me go down here. There was a good question. I just saw Yes, the combat medic. Those are the days man. Okay Ah That's it. There's no questions a bunch of comments. So man, I hate it when I mean it is what it is. There's people with Alternative views and that's what makes the world go wrong. You'll never get everybody to To agree with you no matter how much you think you're right because sometimes if you really think that you're a hundred percent, right? A lot of times you're probably missing something so just remember that I'm never 100% right anyhow That's what's going on today. So look, let's wrap it up. It's Sunday I feel like this video give a thumbs up. Also, you can give a thumbs down just explain why I'll try to fix it And also consider subscribing if you're here after 34 minutes Mine as well. Yeah, that's it. Thanks so much for watching. I appreciate it. I'll see you on the next one