 Now we'll get into the little Q&A. Hopefully the noise isn't too loud. We've got construction going on the background, unfortunately. But now let's jump into little Q&A and answer all your burning questions, the best of my abilities. Let's go from there. All right, let me get out of here. Let's see. Nikolai, I'm hoping for 100 basis points. I said a few greens ready to deploy some on tomorrow. I gotta tell you, I'm with you, Nikolai. I was hoping they would have done that in the beginning. Just scare the living tar out of the markets, make everybody shard their pants, and then just say, look, Fed goes, that's 100 basis points. You want us to keep doing that? We'll turn this car around right now. Stop with the heavy demand. And I think that would have worked a lot better than just going 50, 75, or 75, 75, 75, 75, just rip the bandit off and just start off strong. But we'll see if they have the resolve to keep going. Not only he says, be careful what you wish for with your red votes, I vote candidates, not parties. Of course, of course not. We don't want to do those things. So I gotta tell you, I've voted for much worse. To me, on all honesty, I think we can all agree that politicians are liars, right? I mean, they're paid to lie, essentially. So, I mean, hopefully they can move forward with crypto and digital assets. And the positivity as far as the bills that are coming about. I don't see why they wouldn't if they wanna keep a competitive advantage in their district, because again, crypto and digital assets, especially here in Texas, well, I'm in Puerto Rico now, but in Texas, crypto is great for job creation. Have you seen all the job creation and construction is being done in a lot of different Bitcoin mining operations? That helps those senators and house members who wanna get elected because that's just good for their constituents. So let's hope so. Let's see. ETH went up 20% in what timeframe? That's always the question. Let's take a look. Actually, let me go here. ETH went up 20%, not today, but in seven days it's gone up 17%. So yeah, now it's a little bit, I think it topped out around 16, 20 somewhere around there. So not too bad. We'll take it. I read somewhere we should vote no on the plan for FTX. So I read the exact opposite. I just got a letter from Voyager and it pretty much said that the UCC, which never really disclosed the different plans for Voyager, all of them, they just pretty much put forth and said, okay, FTX is the best one that they have. But what's interesting to me is, first of all, the UC is made up of people who are people just like you and me who have lost money on Voyager. And one of the things they did go against is they were not going to allow the CEO, Steve Erlich, and the CEO to get off scot-free. They took a look at their revenue or their different assets that they had. And apparently Steve only had like $2.1 million worth, as far as net worth, which I find extremely hard to believe, extremely hard to believe. And they're saying that they're gonna go forward. They want people to vote yes for the FTX. I'll take a look. There is a timeframe that said in November 29th. So we got times for me to take a look at it and see what actually is. The problem is is that they said, if we go forward, that will ammonish or let off the hook, Steve Erlich and CEO and the CEO, I forgot his name. And the UCC said, no, we're not gonna allow that. What we're gonna do is we're gonna move forward. And if the revenue reports came back and it's actually verifiable, even with us looking at it, not just the courts, but the UCC saying, okay, Steve and the CEO only have a certain amount. So it wouldn't really behoove us to even sue them anyhow, because they don't have any money. So what's the point? If that's the truth, then we'll go forward and we'll still, and they said this, we'll still want back 1.2 million. So Steve has like 2.1 million. They want 1.2 million from him. And the CEO, I forgot how much there. I'll cover another video. But they said, if it comes to light that these are inaccurate or data has been falsified, then we will take these two gentlemen to court and in a lawsuit. So we'll see how it all works out. Interesting times. Shannon, hello. Bikes says, are there risks to a spot ETF aside from the usual crypto volatility? You know, if it's a spot ETF that's not paper spot, but actual with the physical Bitcoin, I see it would be a pretty nice big boom. However, remember in 2017, we had the futures contract with the CME and that's just all paper trading as far as Bitcoin. That's really what helped to crash the market. In that regard, futures, I never saw that as like a big positive for crypto and digital asset market. I really didn't even care. And you could just tell it was gonna, you know, just be manipulated, which it was and here we are. So as far as spot ETF crypto volatility, I think it could be initially pretty good. But again, how much manipulation is out there? And I know people are gonna say, well, metals are manipulated and the stock market is manipulated. Yes, I got it. I know it's all manipulated. So yeah, let's see here. Let me bring something up. Da, da, da, da. So Bitcoin today, not bad. What else? Oops. Oh, that's what I wanna see. Dogecoin. 10% up for, wow, 24 hours, 127% for the week. I just wanna remind everybody, Dogecoin. Everybody remember the Dogecoin millionaire? Seems like a nice guy just never sold. And he was on Twitter talking about, hey, cause he put in 180,000 initially. And then he went up to over 2 million and then went down to 180,000 again. And he was just waiting and goes, hey, I'm half a millionaire now. And he goes, here's some of the things I learned. And what he's talked about in his tweets are the module that he put out, the information he put out, he said, look, he goes, I'm gonna start selling. He goes, I'm not gonna ride this all the way up again. And then go back down. He goes, you have to take profits. And I was like, wow, there you go. So hopefully I can get, I'd love to get him on the show and just to see where, how he's gonna do that, what his points are, where he wants to go along the way. But I thought it was interesting that the biggest diamond hands person out there was like, you know what? You have to take profits along the way. Makes sense. Rob's been saying that there's another things besides cryptocurrency going on, just saying Republicans get more done. Everybody's different. I've known some, I haven't personally known, but let's be honest, there's been some bad Republicans and bad Democrats. And not me, he's got to write. You know, you, you, you vote for the candidate. When do you think soul will leave beta? I don't know. I just hope it just stays up. Remember, I own Solana. I own Cardano. I own polka dots and avalanche and near protocol. I don't know a whole bunch of stuff, right? I kind of spread things around. I don't know which one's gonna make it. And I really don't care, honestly. Just one of them, that'd be great. James says, remember to do your own research, please be true, picky. It is, and we can only do so much research because let's be honest. How much information did we never get told about Celsius and Voyager and Luna? I mean, and pick your DeFi protocol. I just read a report that 97% of projects that were built on Uniswap were rug pulls, 97%. So I think to myself, I'm like, you know, it all comes down to a risk-reward ratio. You can really get risky and hopefully make a bunch of money, but in the long run, it's just gambling. And I'm okay with that. I got a separate secret channel called Dan Degen. That's where I do all my gambling, but if you watch those videos, just expect to lose everything. But maybe they'll do well. Who knows? Yeah, I saw this. Johnny says, Rob, what are your thoughts about the co-founder of MakerDAO, found dead in Puerto Rico today? First of all, I wasn't around, so don't blame me. But I heard there was a strange tweet. Let me pull this up. This is neck level stuff. Very odd. I got a message. There it is from Dylan. So this was Nikolai Muchian, found dead in San Juan, Puerto Rico, which is where I'm at right now. And this was his tweet just three days ago. He says, CIA and Mossad and Pito Elite are running some kind of sex trafficking and trapman blackmail ring out of Puerto Rico and Caribbean islands. They're gonna frame you with a laptop planted by my ex-girlfriend who was a spy. It will torture me to death. Look, I don't know if that's legit, but that sounds out there. That's all I'll say, but I feel sorry for that gentleman's family. Wow, I know that was crazy, right? Akash says, what assets are in the Bitcoin through UDC right now? Not financial vice, but here's what I buy every day. Let me pull it up on my phone. I honestly sometimes just, all right, here we go. So Ethereum, Bitcoin, and then some of these, I'm not gonna tell you which ones, but some are every week and some are every day. I'll see it all. Aha, Ethereum, Bitcoin, Polygon, Solana, Algorand, Chainlink, Neer Protocol, Cosmos, Cardano. I think that's it for this one. So, but you have to understand, I DCA sparingly not as much as I used to because I don't know if it's gonna drop, but I know one thing, that's I'm not, I'm not the genius to figure out when the absolute, I talk to this multiple times. If I'm wrong and we don't drop anymore, well, it's like I got something and I've been DCing every day and I gotta tell you, somebody asked me like, is it really worth it? Look at this. Let me show you the website DCA-CC, like put 25 bucks in a week. Let's use my favorite example of Cardano. You just put 25 bucks in a week from 2018 to now. First of all, if you sold it a reasonable amount of time, you would have invested 4,800 bucks and you would have had 168,000. You'll never time the top. Sorry to tell you that. But I mean, if you screw up and you, you know, you don't have that top, you sell it later, you would have invested 4,800 bucks, you had $130,000. So, and that's just 25 bucks a week. That's what I did, because I was just like, it'll go up some point and here we are. But again, it's all about valuation, those projects, they're not all gonna be good, some suck, that's just how it is. All right, I can't read. It's okay, man. You gotta stick to your strengths. If you can't read, it's all right, golfer. Okay, so Scott N says, Rob, were you able to watch the full episode of Bankless, the SPF? It seems like he wasn't budging on the idea of leaving DeFi long. We think of the view on DeFi. So, when you're in a debate sometimes, like, you know this, like when you're arguing with your wife or your significant other and you know you're wrong, you just don't wanna admit it because you're just so damn stubborn. Trust me, I'm that guy. And I think Sam might be a little bit there because I watched most of it and he did concede some points, but if you look over at his Twitter account, he pretty much just, he pretty much said, you know what? Those were some wrong ideas. I was wrong on that one and we shouldn't do KYC and AML for DeFi probably because it doesn't make any sense. Oh, he talked about this yesterday, well, a couple of days ago with Vitalik Buter in his assessment. He's like, you can KYC and AML all you want for DeFi, for retail investors, but the hackers don't do that. So what's the point? It's true. So we'll see. I, again, it's just because Sam thinks a certain way doesn't mean it's actually going to go that way. It's gonna take a lot of voices. And it's not just Sam talking to congressmen and women and senators and Democrats and Republicans. I mean, you've got also Charles going up to the hill talking about, you've also got the Blockchain Alliance going to talk for us. So I think they want the best things. We'll see. I think so. Now in man, hello, Tesla. Tesla, hello, Tesla. Hello friends, greetings from the IA's dream. Madcow is here. Yep. Pickle says, sadly in the sell-bow too, lesson learned, tries it for life. Exactly. There's a reason why I got those rules. Those rules right here. Blast. Well, the middle one, nothing on exchanges. Don't leave me in the exchanges. It's the recipe for disaster, right? Take it all off. Yeah, Neil's got a point. SBF went from a hero to an enemy. Some people just, like, I don't know. People just listen to what he said or they just say, well, this guy said he's a jerk and he's not good for crypto. So I say he's not good for crypto. And I'm like, well, yeah. I mean, if you don't like the fact that he's positive for regulation, I mean, look, I'm positive for a crypto regulation, but I'm more for the clarity aspect. Like, I don't think that you should KYC and AML defy either, that's stupid. I mean, why, what's the point? But I do think we should get a little bit of clarity. What's the currency? What's the commodity? What's the security? And then just go from there. And then everybody can be happy and they can, all the agencies can have their toy back and then they can say, well, we're doing something. Sure, whatever. That's it. And again, I don't, I mean, if something gets called a security, you register and it's a big pain in the A, but still I buy securities every week. They're called stocks. All right. Bickey, I've looked in Upcopy, looks pretty good. So that's a good question. How do you think if you factor in much higher inflation as bear market that we'd be closer to 85% drawdown? And there's also some corresponding data which takes a look at the traditional market, S&P 500 NASDAQ, if you account for inflation, we're actually at all-time lows and actually almost beating 2008. So the same thing could be said for crypto. It could be. But remember, I mean, we've had quite an inflationary run. I don't wanna say that it is the 85% potentially, but only time will tell. And who knows if it could actually be the absolute bottom. I think it's all about, is that a factor? Or do we just say, well, even though there's inflation, there's still all that money sloshing around. Government hasn't gotten that back yet. So I still see it go down. Yes, Dan Degen, second channel. Thank you. Do I have an alibi? Yeah, I was watching Netflix. You can check my account. Thoughts on BNB, it's super centralized. BNB token, that is. But it seems like nobody really cares because I think it's the top, in the top five. Isn't that amazing? I mean, everybody rallies about what's gotta be decentralized. It's gotta be, you know, we gotta have so many no's and so many things. And it's really gotta be that aspect of crypto. Yet, what is BNB? It's fourth. So, I think it's people like complain about it. They're like, I don't want, this shouldn't be, this should be decentralized. Well, not everybody agrees with you. That's it. Yes, ma'am, I agree with you. He did seem unhinged. That's scary stuff. So, Nikolai, you ever thought of becoming a dot validator? I'd have my team look at that. We do, the team that runs the Cardano Steak Pool and also run the Avalanche Steak Pool, we could look at dot, but as I understand it's a little bit of a, it's a real big hassle to be a validator. So, not really. That's true. Welcome. Cat with the cases. So, not many people work anymore, just jump chats. Here's what I know. Most of the people that are in the chat, most, there are at work right now, but they just still tune in. So, what are you gonna do? Thoughts on Pelosi, Panigate? No. No, because man, I don't wanna get involved in that nonsense. Feel sorry for her husband though. I think I got whacked with a hammer. Yeah, Chris says a year ago today was the height of the bull market. Yeah, in November, it's true. It seemed like it was a lot longer ago. But you know what's great about that? Is that we're that much closer to the next bull run. That's what I kept thinking about today. And also, I thought about this and like, shoot, it's been a year since the last top. So, if you think about it, this is 2018 and I don't have that money. I don't have that much time to accumulate more crypto that I'm doing. And I'm not buying dips. Just dollar-cost averaging. Clarity's long overdue. You have a comment on Voyager. James, we just talked about this. I'll take a look at it, but I mean, let's be honest, 72% back is better than 0%. I know people will complain and say, well, we didn't get to see all the different offers and we didn't. I'm only just worrying about things that I can change. It's time to stop gambling and just say, you know what, if that's what it's gonna be, that's what it's gonna be. We can deny this, you know, we can all vote against it. But are you ready to say, no, I don't want this? And then just say, well, 72% of the valuation is gone for potentially a better deal in the future. It's up to you. I probably will be voting for that to go forward. That's just the truth. But you know, like they're for, well, thank you. I appreciate that. Norman says, we don't have to go down anxiety. No, we do not. Could be less. And that's why I say like, I could be wrong. Like I always talk about, I think we're gonna go lower, but that's why I still buy a little bit here. Rob, based on your experience, what's your conviction of crypto ever bouncing back in regional time as ice? This is a very simple, simple answer. There's a reason why I stick around and do these videos. It's because the crypto and digital asset space, it's going to do a lot of good. It'll change a lot of things. There's gonna be real world utility brought about by it. And a lot of people will say, well, this is it. This is the last part of crypto. And that was before it'll go to zero or it'll just limp along. I heard the same thing in 2018. I heard the same thing in 2019. And 2020 got a little bit duller. Then in 2021, when I was telling people to take profits, I heard a lot of, you're a boomer, which I'm not. And you have PTSD from 2017, 2018, 2019. And you should get out of the way because this market's gonna go up forever because of all the institutions that are here. Micro strategy is never gonna sell and all these institutions, Tesla's not gonna sell. And I was like, they'll sell. And it's just the same cycle that I see before is the emotionality of people going, it'll never come back. It's the same thing in 2018 and we're seeing the same thing in 2022. And then once we get to 2024 and 2025 and we go back to a bull market, I'm gonna hear the same things. Rob, you don't know what you're talking about. You are a boomer, I'm not. And these institutions and these governments and these sovereign funds, which who knows, we'll probably get into at that point, they're here to stay and they're never gonna sell and you should hold forever and diamond hands and blah, blah, blah, blah. And it'll be the same thing going over and over again. So yeah, so that's what I say. And I will tell you this, there's something that does concern me and I was gonna do a separate video, but it's talk like this. Like Stanley Druckenmiller saying that we're gonna be flat for a decade. And you had a Gareth Soloway saying we're gonna be flat for a decade. Then you had another hedge fund manager, what's this guy's name? A Saddle Capital Boyz Weinstein, we're gonna be flat for a decade. And what they're talking about potentially is you know, the S&P 500 back in the 60s, 69, it didn't hit its all-time high again until 1992. So let me use a quick math, it's like 25 years. Well, 2003, I guess, took 25 years to get back to its all-time high. There's a lot of problems in that area. So do I think this could happen again? Maybe, but I would like to point out one important thing. That is, if we would have bought the all-time high and we keep dollar-cost averaging down here, just in the S&P 500 days in 1971, well, we bought them here and we take profits along the way coming up. And then of course, once it starts to go down, maybe take a little profits and then start buying down here, selling here, buying a little bit here, selling, selling. It's just the same thing. Like even though this was one of like the forgotten decade, when stocks were just flat, moving sideways, going down 25 years, again, very different time, there was still a couple of bull runs in there. Nice bull run here, nice bull run here, nice bull run here, a little bit down and a big bull run here. So again, I don't think it's that big of a thing. I do still think that we have more all-time highs. Could be wrong, but I think that's where we're going. Yeah, man, I hope we get power back soon. So yeah, but it allows us to go to our properties and say, hey, we need to fix this, we need to fix that. Like you can see this wall's looking pretty rough. Where's, right here, this wall's looking pretty rough over here. We had a long-term renter in here and just didn't do so good. That's a good question. Rob, where and when the Puerto Rico Crypto Man up? I gotta do that. Maybe next week, we'll go to the smokehouse, my favorite place. Thai boy says, will you be buying more sweat? No, because I bought a boat load before. So I'm just sitting on it. And I can't wait to dump on everybody. Now I'm just kidding. So I got a sweat coin and I have a lockup period of 12 months when it starts to get unlocked up to 24 months. So I'm here for the long haul, but I'm not gonna buy any more because I bought a lot. So just so you guys know, I'm super biased, obviously, right? Yeah, Zachary says, why buy swimming and do it free? Exactly my point, why even buy it? I think it's gonna do pretty well and I can only walk so many miles. But yeah, if you don't want to buy it, just download the app, links in the description and they give you free sweat coin. So just do that. You don't have to buy anything, it's free. Not walking advice, but walking is a great exercise. I don't know, Jupiter, I don't know what that is. When Toga, oh, Toga thumbnail. Like when James did his Marcus Aurelius thumbnail for Halloween, that was pretty funny. I got in too much, I feel special. What do you think Cody? Cody looks good. Currency of the internet, COTI. I just got to look through, I haven't bought any though yet, but I will, I gotta take a look. I can't say I will. Surfing, no surfing yet. Are you a certain amount of products? Only guy, like only 5 or 10, or do you take positions in any products that you find interesting? Oh, that's a good question. Are you a certain amount of products guy? No, because in the bull run of 2017, I had over, I wanna say 40 different projects. That's just too hard to keep track. But for me, like I know like, like James most and then somewhat will, a bunch of other people will say, I can only manage X amount of projects and if I get into something else, I gotta, you know, rotate it around. I really don't care. For me, I'm like, if it looks good, then I'm gonna make some money, I'll stick around for it and see what it is. The hard part is tracking. And yes, it does get a little bit difficult. And yes, I have let some things lag, but I do okay. Well, I'm not your dad teacher. That's a good one. I'm not your dad. I should get, that would be great stuff. Yeah, so I hear, that's what I ask you. Rob is diamond hands, hodled, green screen boomer. It's true. J.H., that's me telling you with almost 10 years of experience. Ooh, oh, oh, oh, well, the plot thickens. The home, and you're talking about this, the creator of make or dow who just passed away. The home has six cameras visible from the street and the security programming was done by the same people who were the president, something's off. I don't know. That could be, could be, I'm not sure. Yeah, that was nice. And you link brains here. Eth is too expensive in transaction. That's why they use polygon. Polygon's great. I think that's one of the VCA's that I do every day. Pretty sure. Polygon. I think that's it. True. That's a good point. Elon goes web through Twitter. He looked like a genius yet again and that $44 billion pay will be nothing. You know, I always thought about this. And we had talked about this before about what if you could use Dogecoin, which is an example. And if you wanted to tweet something out, you had to use a fraction of a Dogecoin, right? Not too much. And it would allow it to be sent in a certain way. I know people are like, I didn't sound too good. Why is that even good? Well, it would stop the bots, right? Because for all the bots, it's just free. So they just spin up a bot or a thousand bots or 10,000 bots and off you go. But if you had to pay for each tweet, would you do it? How about this? Or would you pay a certain amount to be an exclusive tier or something like that for Twitter? Me personally, I can't stand using Twitter anymore. Like every time I do a tweet, I get like a hundred bots saying something else. So it's like a big pain in the A. But if you use Dogecoin, perhaps, I'm not saying this is what's gonna happen. But to send out a tweet, to receive tweets, to boost something, I would do that. And wouldn't that be a great use case for Dogecoin on top of the fact of Web3 and crypto? And maybe they could use it in multiple ways. Maybe they say, well, instead of just Dogecoin, they're gonna use Doge, Near Protocol, and Polygon. Why not? Why not? Pay for tweets, nope. Facebook is gonna be charging. Yeah, pay for tweets, nope, who's me? I would go that route, I would. All right, buddy. So they only make three billion Dodas every year. It's true, very tough. Kind of inflationary. All right, buddy, so that's it for today. So hopefully the noise wasn't too bad. Thanks for sticking around. I appreciate it. If you liked today's video, thumbs up and subscribe, all that good stuff. But that's it for today. Tomorrow, let's see if I can put out a video as long as the power is still on and we'll go from there. So thanks everybody for stopping by. I appreciate you. I'll see you in the next one. Adios.