 Let's do this. Yes, Vicky Amigos de los Animales Beardies here how the heck did that happen? Hello if you guys an energy hog. Hey Dan fam hit the likes Yeah, Julian's right all the banks that was happening so fast because it's slowly then suddenly And here we are right so like I mean everybody's so everybody asked me like Well, where should I put my my money? I mean nothing safe. Let's be honest I mean crypto is pretty volatile, but you know what's great about crypto I think this is the big thing and when I screwed up in the beginning, which is self-custody Self-custody is so important. This is why like when we're talking about these things about self-custody We can say look and this is the greatest thing about what's happening right now It sucks for people people are gonna get laid off people are gonna, you know miss out on payroll They're not gonna get paid which what happens when you can't get paid. Well, you can't pay your bills What happens when you can't pay your bills and? You know, I had to work with the ledger company the water company your mortgage your bank It's just a big cycle the only good thing the only good thing that happens about this is people can understand a little more about why They should probably Diversify a little bit in the crypto and digital asset because you say they can say oh, well, that's so risky Oh, really? It's risky FTX and SPF is risky. What about SVB remember that and there was a run on the bank Whoever knows what's gonna happen there So if anybody says anything about FTX just say oh, yeah, you like three you like three letters Here's one for you silicone Valley Bank And who knows what else gonna be UBS. Let's see even risky to keep on actually yeah, even fiat rescue human exactly Just wanting who masterworks banks with I don't know I don't know for sure. That's what's great masterworks, I Mean the bigger question would be you know how safe are those paintings? That's the bigger thing which we actually there is a playlist and I had Scott Lynn on and he answered those questions Also, there's a great video for from upper echelon gaming Which takes a look at if masterworks is a scam and he really goes hard. It's a good one I linked that in the description. I mean in the playlist as well and the the playlist is in the description Let's see Bank of America. I don't know if that's gonna fall Snowman says the Fed has planned closed door meetings monthly. Yeah, but I don't know if it was For that Monday, you know, was it just a coincidence that perhaps I'm not for sure But it would seem like this would be the case for an emergency meeting if you're gonna do one Memes got a good point Remember what we talked about? Well, I said this before in the chats before we got going for For every catastrophe there is an opportunity The people that I know that got the richest ever were the ones that Just waited for the collapse of the housing market in 2008 2009 and they picked up houses condos duplexes Apartment complexes for pennies in the dollar pennies in the dollar, you know who else did a really good job with that was Dave Ramsey He talks about how he was just getting offers left and right from banks because they couldn't keep on the balance sheet So the same thing here memes says the tons of startups affected by the collapse because you know They are becoming they are becoming illiquid because of There's just no liquidity right now. They'll get it back. But who knows when Mark Cuban is salivating over the chance to pick up some bargains in these startups And you know when ben from one of the cryptivores says cash is king. He's right If you can keep it on and you're not in a bank that's that's shut down with trolls But he's right if you could just keep your hands on fiat You're doing pretty good If so if you can get out of it That is a weird time, isn't it? It's crazy. It's crazy. It's exciting. This is good times Ah, yeah, I suppose I got six figures on Celsius too. It's not how much you make it's how much you keep Hey, that's okay in the long run. We'll be just fine I know it Well, I got a good I'm not a hundred percent on everything but right Yeah, exactly. Bill Ackman has his short positions in Out of this they can't trust that guy He says Harry Dent is also calling for bitcoin to go sub 5 000 At which point he says you will back up the truck. You know what gear the soloway said that he thinks that the worst case scenario Is 3500 or something like that? I don't see that happening But look, I thought the bitcoin's going 150k and I was wrong on that one. So Uh, I mean, we got to set that up with dent and do a meeting That guy's crazy crazy bearish All right Ah friend of the show butt pirates You gotta love youtube all banks are underwater potentially. Yeah Yeah, seven four four eight than celsius. Yeah You know, I had a loan with celsius that got liquidated But thankfully I didn't do something stupid crazy I was I remember when we were talking about celsius and people were saying and yeah, I talked about a lot Yeah, i was with shinsuke on here. Yeah, I lied right to my face. It's true But I remember people saying robby should take a loan for your crypto on celsius and then buy more crypto I was like that sounds ridiculously dumb And uh didn't work out for some people. Sorry. I didn't I actually rolled into this house I was able to pay the house off. So yeah, they kept a lot of my a lot of my uh Ethereum a lot But uh, I mean hey, I got a house out of it. So worked out. I mean it's still an asset assets or assets It's not bad. I'm down 2,722.7 thousand in usdc I know some other people are down big time on on uh usdc, but I gotta tell you some people are like some people They were buying usdc up at 91 cents 90 cents and now they're You know, wherever they're selling it Maybe that's in the finance futures. They're like, hey now. It's at uh, 96 almost 96 97 cents Sherry Lebanck says my employees didn't get paid on friday. Holy smokes We are only a small business. This is see this is the thing. I'm talking about This is what causes panic. This is what causes angst and problems And this is why cash is can you even hold on to it? I gotta tell you I'm not gonna sit here all high and mighty and say that I've got 30 banks all up to 250 000 I don't and this is a great lesson to spread things around Because those banks or those companies that had like which one uh roku had millions in there 10 or 80 000 is it? So that's why That's why Jim Bianco said we should do it unlimited. Can I do that? I don't know Sounds interesting I feel bad for the small businesses. We're all small businesses, right? Yeah, shoot Just thinking about some things I need to make some moves But yeah, see like even me. I'm just thinking right now. How much money should I take out? I got to take a lot bank runs on monday. Bitcoin is running now This is true Digital woody says 16 7 bitcoin perhaps Are you a millionaire possibly? Uh, I'm just more happy that I'm healthy and my wife loves me and Kids and grandkids are safe. So That's really all I care about. I can pay my bills. That's the bigger. That's a big thing too Harry dent will be a reasonable person to have on the show as far as interviews go I got to meet him person first Doge is the next bitcoin Maybe Dip your eggs as look as back here as someone look You know The money that you have is it's not a big deal. I mean, I've made a lot a lot I've lost a lot what really matters and I'll always say this a thousand times Healthy people have a thousand wishes and a sick person only has one And it doesn't matter how much you have you'll never be happy as long as you can pay your bills And you don't feel the pressure. That's all that matters anything over a certain amount and there's been studies 75k a year in the united states is pretty much like the top out after that doesn't really happen This doesn't really go up too much so No, the only thing that makes me The happiness aspect is just you know Constant improvement improvement and trying to help those around you and improve those around you. That's the big thing Why did you have usdc instead of fiat? Good question So usdc like I have a Diversification pinwheel. I guess you can call it And this is mine per se see I'm here And this is how I Play things out as far as diversification And you can see that I have cash in multiple banks, which I need to spread around now I think about it 24 1% is in usdc And I said and there's a little x right there but it's tether because I'm always harping on tether Because I don't really know but hey jokes on me because who's uh, who has never lost their peg tether and usdc has So I just have it at 1% it's not even that much. It's just if I want to do some crazy gambling on some other crazy crypto exchange sites to get some innocuous Crypto that's out there because I want to do some degen play or something and that's about it 5% on degen 4% of masterworks 5% is land 35% is properties amazon business Which i'm going to sell actually 15% and staking 1% in ira and 5% in stocks and the rest is in crypto This is just outside of crypto what I have So yeah, I try to diversify and some people will say well, why do you why do you diversify, you know because That's where people don't know what they're doing. I'm like, well I mean you can you can concentrate to build wealth like Like charlie munger and warren buffett say but in my personal opinion Unless you really are locked in and knows that what you're doing Uh, you still Are opening yourself up to some serious damage. Look how look how How many people were so sure about luna was gonna be the next big thing You know And then just go into stock market and take your pick of how many people said this is the next greatest thing I put all my money into it I just I don't have that level of conviction It's because I don't know I'm I'm not that smart and I just know that I'll mess it up. So I got to diversify Ah Broncos got a good point by golden silver. I listened to uh, lin alden And uh, she was talking about I think it was on ben's channel and I think it was into the what bitcoin did And she said, you know It's all about time horizons and when you get into it She said, I'll she said I'll be honest I think that gold is going to have a nice little run coming up here commodity supercycle. So that could be a big one I know cto talks about uranium too. So I own gold. I own silver. I don't see why the golden silver bugs hate us so much I don't think they do. I just think there's just some whack job that Says you can only do big or uh, golden. That's it, but he's insane Yeah, that guy, you know, this guy is just loving this moment in time. Of course he is In the long run though The person who laughs last laughs best Oh, everybody's a celebrity here tom crown I don't know if you don't know tom crown You should follow him because I don't do any trading and that guy does a lot of it And that's what he's talking about. So just follow tom tom. You want to come back on the show? We'll talk about some things Maybe you can help these people with their trades Cool. All right Uh tarp 2.0 Ah This is a great question. He says rob. Do you think it's coincidental? The potential black swan is facing us exactly one year before next bitcoin having event And are you and you know what happens to bitcoin that you're looking up to having that? I gotta tell you I think it's just scary How the time frames are going I I look at i'm like this is just too damn perfect and what i'm talking about is this so like There was an inversion of trade of t-bills that the 10 and 2 and that happened on uh, june 2022 Which means if you have an inversion of the t-bills, Jesus, cry me christmas. Just tell I should just show you Look at this This this will get to you or his question So when you have an inversion for the 10 and 2 your treasury spreads Uh, this usually represents a recession incoming six to 24 months before the recession happens and this happened back in Oh, no, sorry july, excuse me july 2022 So that means that in july one year time frame july 2023 will be roughly a year and you can see it's still inversion It's still inverting I had a thought to myself. Well, that's interesting because if the recession happens Say in july And we are in the four-year cycles like we see right here And we've got oh, you know Everything starts with the halving 12 doesn't 13 all-time high 14 15 dip reset, right? Oh, okay, I'll do this way Same thing happened in 2016. You have a halving or nothing's really happening Then you get an all-time high dip reset 17 18 19 then in 2020 it happened again. You had a halving Right, it happens every four years. Then you had an all-time high 16 7 I always think it's 69,000. Maybe I'm wrong Then 2022 was just brutal and we had a drop off to 15 7 2023 who knows But again, if we have a recession starts in 2023, cool, great Or these black swan events and then, you know, we figured all out with the federal reserve and what they want to do And fdic insurance and banks failing great sort this nonsense out now Before we get into the halving because guess what happened over the halving in 2025 We got room to run Me personally, I'm like, is this really happening like this? It just seems like it's too Played out or too perfectly timed And again, how long do recessions last? Yeah, 10 to 14 months So with this and you can find these charts and everything else There's a link in the description And go from there. So Igor I think it's I don't think it's a coincidence. I think just things repeat And uh when people say this time is different sometimes it's just It's not different like people were telling me that you know in 2021 They're like, well, this is different things are going to go off to the moon in 2022 And I was like and I kind of fell into that narrative. I've been honest with you. I was like, maybe I'm wrong But it's didn't work out like that And yeah, so there we are I don't know How much bitcoin escaped the rat race great question really it comes down to I don't know if bitcoin's going to get everybody over that's where they want to be. It's the safest bet I think in the most unstable Volatile market, which is crypto and digital assets, but the question you have to ask yourself is Well, this is why I can't give a financial advice. It's not a financial advisor I don't know what what you want to do But if you're younger Maybe you say, well, maybe I want to take some more risks Maybe I want to get into this thing called ethereum Or dogecoin or a cardano Or avalanche or near or this new thing called flappy bird coming out Or whatever And you want to gamble a little bit. There's more of an upside. However, there's a heck of a lot more risks So I don't know for sure how much bitcoin to escape the rat race I think the real question is is how much diversification to escape the rat race. That's the bigger question That's a good point Darth Mike's got a good one if the if the banks all collapse due to over leverage And mismanagement. This is a massive opportunity for defi shows that humans are fallible whereas algorithms are king Yeah, but we got a We could actually do that We just have to get over the hump of the problems with the defi hacks and wormholes and things like that That is the bigger thing because people will say well Do I really want to go into this where everything's collapsing or do I want to go over here where everything's being hacked? Because let's be honest. How many how many bridge hacks have we had? We're not perfect. That's for sure I think there's a long way to go before that, but I do believe defi will do quite well Just time That's right That's that's also right I will be happy to lambo. I don't know why people like lambos. You ever try to get in one of those things It's paying the ass If you got bad knees like me, I'm old man So like, uh, I'll take a truck that I can get into easily You know, like my cooler in the back miller lights. I don't can't do that with a lambo. I guess you could now you can't It's a stupid car I'll tell you that around five cents When discord good question probably to be telegram No gold mistake. I have to agree The only thing that I hate about when gold goes up is that my brother gets the rubbing on my face But I'm just like, I'll get you back in 2025. So whatever It doesn't matter Is I trust capital say, you know So with me I haven't taken anything off the question that I have was for I trust because they have moved providers they got away from Not fire blocks. They're keeping fire blocks as a custody service But the new ones they're doing they're diverse final more for their custody They're keeping fire blocks coin-based custody. They're debating But it's the one that actually oversees that but The thing is the bigger thing is this You know, I like with ftx. They co-mingled the funds and you know how like with the Celsius They pretty much has straight ripped you off allegedly So with this one at least in the terms of conditions, they say it's very specifically. We don't co-mingle funds So if they go down They let's say that the operating business goes down Then you just move custody providers and that's pretty much it so that's what they say and uh, but The thing I like about I trust first of all is that you can't put your entire Life saving into a Roth IRA from one to the other you're gonna say like well, I'm only got a Roth IRA That's one thing. What if you're building it right now? It's uh, it's you only put in $7,000 per year in America So for me, I just say like this. It's not so bad now For them for someone to go, you know what? I got everything in a Roth IRA. First of all, why did you do that? If you have everything in a Roth IRA and you want to say I just want to go right to I trust you like Do you really want to do that? Maybe you just start up another one. That's for me. So if you're looking for that That's what I specifically did and I still have Hmm Probably the latest news uk submit for silicon valley bank in the u.s. Considering bail bailing out silicon valley bank look Some people would say Well, the question is are they bailing out the bank? Are they are they bailing out the depositors the people that have deposited their money into the bank? Because like well, we just took a look at Which was this nonsense right here If you're talking about selling of the shares, well, no, they shouldn't be bailed out But the depositors the people that have their funds there. Yes, they all should be bailed out. Absolutely. I know like the uk is looking at Using their funds too, but it was an article that I saw. Let's see. I just let me I'll find it right here quicker That's from paul Cardinal paul uk uk to help for tech firms after silicon valley bank collapse and this is what it says The government says this is uk it's working at pace on a plan to prevent uk tech firms caught up in the collapse of silicon valley ah, maybe later From running out of cash treasury said I want to minimize damage some of our most promising companies in the ua That's the thing strategically where these funds are. This is these are all growth companies and if you can't pay Your employees Or you can't pay the overhead or you can't pay to innovate. Where are you going to go? You're going to collapse and that's a big problem So I think um, I applaud this decision. Hopefully it works out again. Should the insiders be bailed out? No, but the depositors should There you go Ah Gunnar does have a point We all know anything from 2008. That's what keep repeating the same mistakes I repeat the same mistake of Centralizing my crypto by keeping on celsius and voyager and those types of things When I got in all the bitcoin maxis told me, you know mount gox Uh, you shouldn't keep it on exchanges. I'm like whatever maxi. I'll do whatever I want And this won't happen again because there's no hacks and then they got it everything and of course like voyager That was a brokerage. So they just use different exchanges. So they'll never go under Who's laughing now? So what I'm trying to say is Is that mistakes are made and you only have learned through pain You have to learn from mistakes. They don't want it to be yours warm buffet. So just the same thing here Try to learn from the problems that you see in front of you and try to Avoid them as best you can but I know a lot of you won't and you'll have to go through it And you'll have to fail and just how it is Let's see Lynn is the best Robert say you're gonna sell your land now the amazon business. It's quite boring. It's profitable, but it's just Not something I want to do have done it for like Nine years now. So yeah And remember, uh, this show also will stop at some point When does it stop the plan is this show will stop And during the next bull run When I sell and there is a link as a matter of fact In the description It's called when and why i'm selling eight percent of my crypto And I use a lot of different indicators. One of those Looking to bitcoin. Another one is uh, ben's website into the crypto verse Which there's a link down here Ben's having a sale. So check that out But uh, yeah, once that bull run comes when I start selling I will step away from this channel and tell the bear market and the reason for that is Is because I need people to understand that it's super easy to buy But it's super hard to sell. I know some people do pros at selling But I think a lot of us miss the boat on that and um, I'm going to No, I'm again. I'm not selling all my crypto But I want to do is not have people just listen to me and And say well, you know rob still around so maybe I should hold on I want to make a point that at some point you should sell before the next bear market comes Just an example Yeah, that's right tom crown crypto youtube link Or just look at tom crown crypto Dippy eggs tom crown is great He is great Francisco Perez Nine bears on coke Ah Let's see It's a good question nimron says You show the CEO selling history. Do you have information about other CEOs of other banks? You know what if I was inclined to so much I might want to take a look at the different shares that are being sold by their banks because maybe you could tell Which one was going to Be collapsing next not collapsing. You know what I mean They uh run in the bank and see And dorth mike money the money money printers turn back on that's this is a conclusion a lot of people are saying They're like well look If this happens and there's a run in the banks, which there will be because of the psychology of people we've already felt Those problems with worn ukraine raising rates pending recession Fed doing whatever they're doing quantitative tightening And now of course you see that a bank has a run on it So what come belly? So people are going to say look I don't want to have that happen to my business I'm taking everything out and in these days. It's a lot easier to take money out of the bank than standing in line, right? So you can see that Now they're saying is what is what the fed will do is they're going to pivot And they're going to start turning on the printers If they start pivoting right now, I think that's a mistake And a lot of people some people will disagree some people will agree I just think that inflation will go up if they pivot too fast happened to vulgar Or actually happened to burns vulgar did kind of buddy. He corrected As far as the fed reserve And then other people say well now they're going to start quantitative easing because the liquidity is going out people are locking up their funds into t-bills at a At a rapid rate. I like to see the data on that because everybody I talked even me. I'm like you should do those So you're running on that then people say well, we need more liquidity. Let's start turning the printers maybe but if it does that then That'll be good for bitcoin. I'll tell you that. I don't know if it's going to be good for the economy, but Let's see. I think that's good Yeah, that's a good point Mr. Wolf they were laughing while ftx sells Houston voyager went bust Oh, people were laughing. I think people felt bad some people were evil and laughing at us But I think the most part people would have felt bad like people got screwed over And now I think we should be doing the same for those poor people who aren't traditional finance and they realize wait Not everything's safe So how do I do this go to another bank? Hold on if I do another bank they could also Become insolvent is more run in the banks. So how do I self-custly? Well, if you just have you know what I think most people are like, here's what we're going to do First we're going to go get a nice fat mattress And the second thing is we're going to take all our cash out and fiat and stick it under that mattress Or maybe People say, you know what maybe I'll just stick into something Like a crypto or digital asset and diversify a little bit and then I can do custody on this thing called A ledger. Well, that's crazy a ledger. Well, how do I do that? This is website Called dan teaches crypto.com. It's free. It's 100 free and I show you exactly how to do it How to order and all that good stuff and then because bitcoin has finality for every transaction that you do It's instantane. Well, not instantaneous every 10 minutes. Like wow, that's pretty cool. I can shouldn't probably get into that That's what I would do Cash and king bitcoin is going you could be right I don't know man. If if more people took bitcoin it sure wouldn't would be although my The plumber that's working on our on our facility our sports facility took bitcoin So I'm pretty happy about that. It saved me a Nonsense problem with venmo or no zeal. Excuse me. All right guys. Well, I miss Like that's it Hold on. I know. I'm sorry. I missed a bunch Uh defy is dead. You as if you see usdc dies. Perhaps. I don't see usdc dying. I I expected to I expected to repig on monday and people will say ah, well, you know, there's a lot of A lot of people that will transfer it out and put into bitcoin. Okay But uh, you know again From what and I did the math wrong yesterday as everybody told me in the comment section so usdc had 3.3 out of 40 billion and that was locked into svb silicon valley bank And that would be like 8 8.2 8.4 forget what it was. I said 12 math was wrong but it's Not everything so I still do think that they'll be just fine And if they can essentially get 50 back instantaneously and wait for that with 50% they should be good Like me. I got 1% of usdc. I'm not going to transfer it out I don't think it's going to go to zero and if it does go zero. Well, guess what? It's only 1% not going to crush me Ah, thank you Bowdan grooves rob on time follow up and stay connected with you forever. Thanks Because I know we have a stake pool for cardano. Check this out Hey, robert age. Did your investing journey begin? I was old it was like in my 30s um It was uh, I was military first the medical And then I did a education website and that was in my 30s 30s. Yeah, and then uh Real estate lands facility sports facility and then uh Then finally crypto in 2017. So it can be done. It's just it's not like you got to start today. I mean if you're like To 16 years old 18, you know, you got to start like right now But it'd be better What was my choice? It was uh all an education platform So I did a I did a website where I helped nursing students and and medics passed their clinical exam That was the first thing I did And then went into a real estate actually then went into sports facility And then it was real estate. Well, no real estate in the sports facility then amazon crypto quite yeah What francisco is talking about here is a discussion that was that was had Uh between the powers that be which talks about a bailout versus a bail in and a bailout is where the government comes in Just like we saw in 2008 9 and 10 essentially and they bailed out the banks Because they were too big to fail with taxpayers money, but a bail in is a little bit different What they do is they use the money from the banks themselves to To make everything solvent yet again And they just start to pay themselves And they lock up the funds and they use that to bail themselves in over time I think and francisco correct me if i'm wrong here. You're able to get some type of equity in the bank itself In some way shape or form, but it takes a long time So that's a bail in versus a bail out and that's the things they're talking about Moving forward, but this is just this has actually been done actually Actually, actually but the question is will they keep doing it from everywhere else? That's a good question What is flappy the project you're taking time for so? I'm involved in a project where we bought the intellectual property for that stupid game flappy And we're going to take that from We're going to put it back on Android and ios the official one and we're going to launch in a web 3 Now we've been talking from everybody from file coin to scale and we just had a meeting with uh polygon And we'll decide which chain we go from next, but it's looking pretty good for polygon. I'll tell you that those guys I'm telling you we've met a lot of places and uh when we're talking with polygon. It was like look Here's Here's the first part Do you guys have the technicals? So what's a slide deck? Okay, we got that information. Here's your team looks really solid Here's your next step one two and three. You're going to talk to the tech They're going to talk to marketing you're going to talk to finance and we get through those steps Then we'll go the next part of the phase and it was just like Bing bing bing bing bing like they know exactly what they're doing There's a lot of confidence in the fact that I own a lot of polygon Hmm Yeah, it says why call your bank to transfer money out and that one's we just do the be the internet It depends Because on some internet platforms like in some banks you can like on some some one of my bank accounts I can do A lot online another bank account. I gotta actually call them And say I need to transfer this amount and if you're going to transfer out Let's just say for example You're going to transfer out a million dollars or two million or three million You can on some places if you haven't set up you can do that If you do that regularly, but if you don't the banks will be like, hey I want to make sure this is you and we want to you know have some safeguards in place Which I got to tell you is actually pretty smart So if you're moving a massive amounts of money, they will probably want you to call in and you can You can This great story which I linked in the description From alexander. That's exactly what happened to him Uh for this bank run in silicon valley bank. It's pretty good All right I'm learning from bubba's mistake in not investing crypto Buffett also look bubba the smart guy and he's going to miss a lot more opportunities than he's going to take Because that's what investors do but remember he also I remember this well, there's two things he also passed on google because he didn't understand it which I can I can get that but I remember I had uh scaramucci anthony scaramucci the mooch on the show one time and he told us a story About how he was sitting at a conference and jeff bezos was talking about this was like in the early 2000s And jeff bezos was was giving a presentation about his company and what it was and and he's and he was like ready to just Signed a dotted line because he's like that's a great company And warren buffett goes up to the podium and says thank you, mr. Bezos. That was very interesting that she said that he goes I gotta tell you that makes absolutely no sense. I don't see exit. I don't see how that company could ever thrive I will probably pass And scaramucci is like I could have bought this for pennies and you just scratch it off on his tablet Yeah, what are you gonna do these things happen They're gonna save from the banks true take profit lessons true Well, yeah quiz so like I'm gonna tell you when I'm gonna sell I'm gonna tell you The percentage I'm gonna sell I'm gonna tell you how I sold So but when I do that I'm like, uh, I've sold so now it's up to you so you won't see me as a reminder I'll be back in the bear market and that's it a lot of people do the exact opposite of what I do Usually like like youtubers, they'll like disappear during the bull during the bear market and then all of a sudden they'll come back It always happens. I'm gonna do the exact opposite I just want you guys to be To think about it Nobody everyone broke taking profits, right person go from tom crown yeah Aristotle says rob cherry picking famous people quotes is not good Millions believe what they say and they're not only works for individuals so many lose everything listening to be filled with hope And it's a good point and it's a point that like I remember There was a good one Warren Buffett says, you know, you shouldn't you shouldn't diversify You should concentrate Uh, you're a wealth because diversifications for people don't know what they're doing But the other part of that quote is he goes for the majority of people Diversification is actually smart and good because we know exactly what we're doing when we get into these companies We look at a lot of fundamentals TA company And we've got a dialed in but for other people they should diversify So like there's a there's an example of a quote that's uh gets chopped off and uh, Aristotle is correct If you're broke, you don't have to worry about banks We've all been broke sometime, baby Ah Bo dance is Rob thoughts on awaiting ripple statement involving svb collapse Don't know. I don't know if ripple banks with them or something Not for sure the bigger question is uh, what are they gonna? Settle on their case with the sec. I'd like them to win badly But every every day you always have the same thing. Oh, there's gonna be It's gonna They're gonna Put it all out. It's going to conclude very soon. There's gonna be a Hearing there's gonna be everything's going to uh end It seems like it never ends Okay, so that's how does the only winner. I'm not for sure if that's true Tizen coin bank run is good for crypto long term Bell out is good for crypto bitcoin long term. The christen cracks are showing. Hope people wake up They won't wake up. What's gonna happen is the feds gonna swoop in they're gonna try to save the day and um People are gonna forget that's usually what happens because people have the memory of a goldfish and I'm just i'm part of that problem too It's a good question juggernauts. It's a great question. Can banks do clawbacks? For everyone who was drew before svb goes bankrupt like voyager. It depends Because Bankruptcy is a little bit different when you have bankruptcy per se not insolvency or not if you're Being sued by the government when you have bankruptcies You are prone to clawbacks instead of especially insider clawbacks. We had Deb on she is part of the celsius legal team for urn and Some forms of custody and she said yeah, usually with with clawbacks retail it goes back 90 days But for insiders it goes back one or two years So in that case, yes, but for banks it's a little bit different The companies themselves because when the government swoops in and goes, okay, we're you know the Brawler the company not for sure banks themselves can say we are in chapter 11. I think that's the big issue that was with Celsius and voyager is that they acted like a bank, but they weren't a bank And of course since there was no concrete regulation because gary ginsler can't get off the couch They're like, well, we're gonna be chapter 11. We get to be protected and you know, so sorry suckers Yeah, it's pretty bad And with that I will leave you this bullish on ted lasso third season. I am too on apple plus. I love that show and uh season three finally comes out so i'm pumped And that's it. So look everybody we've gone about an hour Uh, get out of there get out of the get out of the house. It's a beautiful day Well in portorico. I don't know where you're at but get out of the house don't get too concerned about Um Deal with the things that you can and uh, let the other ones follow the way side But that's it for today. So look like today's video thumbs up. We give it a like apparently that's really helpful youtube algorithm. They tell me Uh, also consider subscribing a lot of things we talk about are very time sensitive as you can rightfully tell That's it for today. Thanks so much for stopping by. I appreciate it and I'll see you guys on the next one Adios have a good one