 Hello, everybody things are starting to make sense a little bit and What I'm talking about is that we had a story that we covered pretty extensively yesterday and we took a look at the NASDAQ NASDAQ is it states its eye eyes the crypto custody launch by end of second quarter and when we talked about this this yesterday and I was pretty bullish on it There was a five different stories that maybe extremely bullish This was one of them fidelity and then we had black rock and the different aspects that are going with Coinbase Now they were fighting back and and this one it stuck out to me because I thought it was interesting that that NASDAQ is going to launch Crypto custody and this was a this was a big story a couple days ago and yesterday and people were talking about well You know if Coinbase gets a Wells notice then the NASDAQ is for sure gonna get a Wells notice and they're gonna gonna be sued and I said very clearly yesterday said no They're they're not because they're not selling securities or they're not doing staking or they're not you know Whatever other you know, whatever Gary Gensler thinks that the centralized exchanges are actually doing all their offering is custody service Custody service for digital assets and that's it and they pretty much said they're only an offer right now Bitcoin Ethereum So the so the the thesis was maybe Bitcoin theorem is gonna lead the charge Later on for crypto and digital assets in the traditional markets But today I was again. I was just thinking about I'm like well, it's interesting. They're doing that and I'm like why are they doing that? Why is is this and nigh dig and some other different big players just getting into custody and Then this article came out. I found it quite interesting about what's happening with banks This is a German DWP bank to offer Bitcoin trading to 1200 affiliate banks the new platform And after we get out of this things start to make a little more sense. So DWP bank offers and what it does right now it offers securities processing To 1200 banks in Germany and they're gonna create a new platform called WP next this off This is gonna offer Bitcoin doesn't say anything about Ethereum doesn't say anything about Cardano or Avalanche right just Bitcoin Now this article could not be complete It could be lacking in something but as of the information I have right here just Bitcoin And it's gonna offer that to all of its affiliates retail customers in the second half of this year This will not require additional KYC procedures or know your customer And then walled as a service provider Tangany and bank how scheisse's trade is digital asset trading services will also participate Retail customers will not hold private keys. Let me say that one more time Retail customers will not hold private keys and that's a problem But that's a problem for a totally different reason but as far as like adoption getting out there Okay, step in the right direction. These are doing something The bank plan to add other cryptos besides bitcoin digital assets and tokenized securities to the service in the future and what your banking was the first wpb bank Affiliate to sign the platform and it's already performed a transaction So I got to tell you this has already come out. They've already talked about doing it. They've already offered it to the banks They say sure so Then the question is well, what are the people doing behind the scenes because to me for businesses You can have a full suite of services and it could work out pretty well But if you really want to really dominate your sector, you really want to be there and do something exceptional In one aspect of that So to me when I see these things and I see like again NASDAQ coming out and going we're going to provide custody and then you got, you know these German companies and they're offering it to their banks I can see the same thing happening in america But just way Longer down the line. So again The banks could be offering the service and we'll take a look at a story in a little bit But then you'll have other places other institutions which will hire which will have just the custody services now These people that are getting into crypto. They're not going to understand. This is the problem They're not going to understand how important it is to hold your crypto. I made that mistake myself I think we all have at one point in our Career of getting into crypto But it's up to us to to help them understand like why they should be holding their crypto On their cold store device as opposed to a bank and this is the problem however It does help us move the needle Which is still kind of a bummer But you can see how like you'll have one for custody and one for assets and this reminds me of nigh dig And nigh dig we talked about this for over a year now And this is one of the articles deloitte and nigh dig announced the lines provide banking for all with bitcoin I want you to notice the date though on this june 21st, 2022 I want you to notice the date on this story here Yes 22 hours ago so not only did The german dealer bank offered this Already one of its affiliates has already done it signed up and made a transaction Deloitte and nigh dig june 21st 2022 Again, it just talks about and my nigh dig will work with deloitte's blockchain and digital asset practice across multiple areas involving bitcoin products Such as banking consumer loyalty and rewards programs employee benefits and more and if we go even farther back This is from january 25th Nigh dig leading bitcoin company is parting with banks and credit units to bring bitcoin to main street right now I mean NY melon is is offering these these services But it's not like there's a ton of banks in different places Offering these services and the ones that did offer different services for crypto. We just got shut down So now when I see the things that are happening, you know kind of like in the background like oh that makes sense because These big companies are going to offer custody services Then they're going to allow other banks in different places to get into offering crypto and digital assets to their Customers as time rolls on and it's going to be mostly bitcoin because that's what the sec says Is a security or is not a security and maybe a little ethereum going on down the line The only thing that is going to prevent that is us talking to congressman and senators and things like that And then also and i'm glad this is actually happening Is that coinbase is going to go toe to toe with the sec? Because they're getting sued by them and now we'll see exactly What is a security and what's not a security? But to me when I take a look at this i'm like, ah this now it makes sense. It makes sense. They're going to have They're going to give us their banking buddies They're going to hold the custody they're going to make money off that custody The banks themselves are going to offer the crypto to the people And then of course all the centralized exchanges that we're selling on registered securities are going to get shut down Tell me where i'm off there. So let me just think about that in the comment session section And let's go on to this next piece I just want to go over this really quick because I mean, this is great. This is actually I mean, I think it's good for for some parts of crypto But if you look at anything Just type in the word recession Especially in youtube recession 2023 every single person out there is saying that a recession is coming and it's coming quick and I'm no exception. Actually. I must be honest with you. I uh I think that there is A recession potentially coming especially with with the banks happening. But what if it's not? What if it's what if we're what if everybody's wrong? Because I will remind everybody that I mean, how many people Said that bitcoin's going to 100k. I was one of them. I was totally wrong How many people said that luna was going to be the next great thing a lot of wrong people there How many people said that? You know Celsius and voyager was an awesome platform. I said that now it's totally wrong So what if people it is wrong About this recession coming in and I'm not saying that it is going to happen or not going to happen. There's a lot of great Data which says that it is but I mean, what if we're not not there? so I will just challenge you to take a look At bensight into the cryptoverse And there's different tiers. He's got a free tier. You can check it out There's a link in the description you get 10% off the first month, but Like I like to sometimes just peruse through this this site Because I don't know I mean, I don't know if the recession is coming or not I can always I always like this one total market cap and see if we're valued under value right now the the fair market value is 1.98 trillion. We're undervalued by 42 and of course the risk aspects and then In the cater summary, you know, how much at risk it is, but I'd like to go to charts And it's it's it's separated by crypto macro and equity And I like to take a look at just the macro and just go through things and I've I've never done this live So I'm I can't give you all the I can't give you like all the golden goose For for bensight, but I do like to look at certain things and one of those things that like lead us into Recessions and out of recessions is real estate and he's got it broken down pretty nicely here I mean, he's got developers that do this stuff like Ben's all you know has four kids and does this at night but Let's take a look like this one Well, we know the mortgage rate but delinquency rate On real estate secured loans. Now. This is quarter. This is retrospectively. I believe it takes a looks a quarterback So we can just see That delinquency rates Of course in 2008-2009 we saw that crash right Pretty darn high went through recession and even after that it tipped out A couple a couple quarters after but we can see right here. We're doing pretty good actually unfortunately only goes with october again It's a little bit of a lagging indicator, but residential sales. I thought I found this fascinating so like The average sales and this is just in america The median sales price of a house sold is still extremely like ridiculous. I again october New single-family home sold and this is why I like to just go through this these charts just to see and I can see here like even in january Uh new single-family homes uh 633 that's in thousands So it it dropped off, but it's coming back up and then if we take a look at Ah, which one is this the new houses for sale to sold ratio. This is a good one because So it says like this if the instance for if If the ratio is eight then on average for each new house sold there are eight new houses for sale right so What does that mean? Well, that means that If you sell one And then you got right here you got 10 I'm just waiting waiting to go That's a lot of inventory and again once the inventory goes high Prices start to go down and we can see that here in the last recession It just skyrocketed and we saw it over here too, but again In february 2020 we're actually down from it went from 10 Down to eight And then this one is interesting because months to sell a new home if you Are an agent or if you're a builder you don't want a lot of inventory And it's like everything you want to sell that stuff as fast as you can you can just see right down here So the months I mean we bought them now in september but in february 2.5 and this is I mean reasonably low And that's just that's just that part. So then You can go up here to We are only in unemployment debt debt to gvp We topped that over here, but it's not like we're you know falling off a cliff. This is it personal income Real disposable personal income And you can just see that once there was money printing and look at this. This is crazy Real disposable personal income I mean we're coming up here when we had the money printers going crazy high And you think after they started to to take things down Like it would just keep dropping off, but of course. Yes, the fed did add a little bit to its balance sheet but honestly, not too bad And then real disposable personal income per cab and this is adjusted for inflation again still looking pretty good and then Let's see There's just a a bunch of data. You can take a look in here and just to see like where you think it is That's what we talk about do your own research, right? So like if I can use these and I can take a look at and go okay, well I mean I hear what people are saying and they have a lot of good things But there's there's a there's a counter argument to that again not to say that We're not going to have a recession, but you see some things there are some reasonable indicators and again It seems like when everybody says for sure something's going to happen It for sure doesn't happen not all the time I mean Forbes just put out their top five banks and silicon valley bank was on there and they were 100 sure on that one What are you going to do? But uh, that's it. So hire you to take a look at that and uh, you can make your own assumptions But that's it for today. So look That concludes For the news. Oh, I will just ask you for a little bit of help. We're starting the Shameless plug Flappy bird and web 3 Me and some partners If you would be so kind to follow us over on twitter flappy token. Oh I'll put that link in the comments And we're launched later in the year, but that's it for today. I don't want to bug you too much on that one that's uh The bar bit so right now that concludes all the things for the news if you want to stick around and just chat with me We'll talk a little bit about crypto and I'll answer some of your questions If you got questions or just bounce some ideas off me and we'll go from there But if not, thanks for so much for stopping by appreciate it. See you on the next one now. Let's get into the chats let's see It's a good question about not financial advice someone wasn't too happy with it Aha, Danny Garcia Danny says love your content small criticism Not financial advice to become impossible to watch. I would love to hear a dialogue much more than long answers, especially from guy I thought I had the wrongest longest answers. Thanks for keeping us informed And then he says just long answers would love more of a dialogue may not three people with so similar vision I had the same vision. I'd love to hear from others too. This is the problem with us Is that me guy and ben we pretty much see things Relatively the same way. They are a little bit off from me and how they invest. They're not touching anything I think guys may be buying some bitcoin And ben is too. I'm just like I'm just buying I'm just dollar cost averaging. I started at the full dollar cost having like two months ago because I thought I'm never gonna make it be right a hundred percent of time so They're but the other parts like where we see like fed rate hikes and we see where the economy is going and There's some downfalls. We see we think are coming forward Yeah, we agree on those things so for that one Well, I'll talk to the guys and see if we can switch some things up a bit I thought it would be interesting maybe like instead of having just like questions Like one day we could just like I could just have two co-hosts and we can go over the news And uh, they could tell me, you know, their insights and what it means and then can pull up some Some charts and things like that. Maybe that would be it. I don't know So we'll see so Good uh Good comments Danny, he says why does somebody who rents his next or nicknames? You know supporters because I I made everybody administrators And the reason is not so I could shut people up. But we had so many scammers Late last year that I had to I just admin that everybody that would show up Like more than five or ten times. I was like, you're an admin. You're an admin. You're an admin And then it just cleans up the uh, the chats really nicely instead of having like people going, you know Investor Janet Reno Is the best find her on telegram at blah blah. I'm like really Biggie Dan on twitter. That's me Beardy says don't sell until the bull run. Beardy is talking about his eos holdings And Hey, you want to six Robbie still DCing into eta. Yeah, I'm DCing into bitcoin ethereum avalanche near eta chain link Some other stuff I forget, but yeah, either every day or once a week And that's it Andrew's got a good point. See this is why I don't like to do q&a so much more like just the points and balance off them We don't need banks to custody bitcoin. We must do it ourselves. They manipulate the price to do with gold and that's a that's it They're holding paper bitcoin. This is the same problem. This is the same problem that happened ftx ftx was supposed to hold a billion dollars worth of bitcoin and then they figured out Once they you know figured out Insolvent And it was a scheme that they only bought like roughly a million dollars with a bitcoin And my question was this well if they would have kept buying bitcoin like they were supposed to with their customers money Where will we have been maybe that hundred thousand bitcoin price prediction I had would have actually worked Who knows but uh, I have no idea but yeah, you can have all the major banks and this deutschbank No, sorry not deutschbank credit suisse. Let's get those two confused. I don't know why They were doing some shady things anyhow They've had multiple reprimands and they've had multiple fines and spoofing of metals and things like that just like chase bank and You know I'm sure if they got into the game they would do whatever they need to do to to manipulate bitcoin and things like that So yeah, it's important that we hold it because we're the only ones that can say yes I have it. It's not just paper bitcoin. Which is irrelevant Uh meme says we're going mainstream. I have to agree I especially have to yesterday's video on this one today. I can see it Which the u.s. Government would get it We're not all george Please look on the epi cash not a security Dibs he says we've been in one depression next maybe who knows There's a very scary chart out there. Which takes a look at The only time that we have a retraction of money, which just happened Uh, we get a depression Great depression and that just happened like a month ago. So If you want to scare yourself, you can look at that Will europeans ever be able to retire I don't know. Well, there's a bunch of civil unrest going on in france right now on that very subject So hopefully at some point a low sin city You grow. I grow says Dan it takes a lot of guts to admit you were wrong. It could be wrong. That's why i'm here Sometimes but uh I've been doing it my entire life. So It's actually second nature So now I mean when you when you screw up you just have to say man, I screwed that up and then This is i'm gonna fix it and i'm gonna go it's I mean I learned this very critical skill in the in the army When you screw up you say I screwed up because if you don't correct it fast and people die so That's just why it's very easy for me to say it Let's see Our rookie numbers on the likes that's right. I'm not your dad. You guys can do what you want to that's right So Mira says we will go to that one currency cvdc I got to tell you I was very uh I was I was always under the impression that people are smart enough to to figure it out with cvdc's and like we wouldn't We wouldn't go that route and then with governor de santas coming out and having that press conference saying we don't want cvdc's and then Senator ted cruz from texas saying, you know, we need to eliminate cvdc's and not make them make them happen Even as all that happens. There's a great video from simon dixon and he just lays it out. He goes look They're inevitable and they're gonna happen and before you say well simon dixon is obviously A government shill. Well, he's not he's uh, he's a bitcoin og and has been on the channel many a time And he's just like look it's inevitable that it's going to happen And we just need to prepare for it and that's why we need to teach everybody as much as we can about the digital asset crypto space And about self custody. It's not so much about having your bitcoin and putting on a platform And getting yield off of it, right? We need to actually say no no no We need to custody that because that is mine And uh, we don't want to have fractional reserve banking and whatever you're doing with my bitcoin to dilute the the value of it And that's the big thing So, uh, I think that's why I'll be here for quite a while Ah, let's see Hello everybody We are losing our freedoms in the cvdc just another step It could be like the digital you want or it could be You know like like uh, jean carlo says that he thinks that we're gonna have a digital dollar and still remain private I think he is wrong, but uh, you know, hopefully But yeah, it's gonna happen Let's just accept that That's okay the cvds happen And and then we have that and all this is the great thing about cvdcs Is that it only takes one time It only takes one time for someone to get screwed over To where they're like, hey, I try to use my cvdcs and there's this, you know, whatever social score or They deem that I wasn't or I was if they said that I was uh An undesirable person and they and they shut off my account It only takes that one time For that to happen to somebody because that one person tells 10 And 10 tells 100 and 100 tells thousands And uh, that's where things just explode. Here's a prime example What happens the last two weeks when all the banks Collapsed not all the banks, but now we had a couple, you know, one bank collapsed Then we had uh silver gate signature and silicon valley bank and now we have swiss bank All those banks that are starting to collapse, which I think there's more on the horizon. What happened? Well, everybody started to talk, you know, it's great about the the internet age is that it just takes very One person to send a tweet or an instagram post or tiktok or whatever and then everybody Is like wow I can't leave my money in this bank Because they're not insured and who knows what's going to happen later I've had so many people call me Or text me and say hey, where should I put my my money because now I'm scared that I won't be able to get it back out I'm like, well, yeah so again Uh, it's it worked out pretty well with the banks I think this fraction reserve that they're you know doing a fraction reserve lending It's it can only last for so long in this digital age and then with the cbdc If it if it comes down to when they start to control people all they got to say is well I thought it was cool until it wasn't it's a good thing that's uh I know this guy named rob and he's got this show and he talks about the bitcoin where I can opt out Well, maybe I'll just do that It's inevitable It's an it's right right. I mean Am I off of that one just seems very it's quite simple anyhow Aristotle says rob I do my own research and get more and more confused about everything me too I must be honest You know like that article I talked about that that Forbes the top five banks in in the country They came out and silicon valley bank was like in top one How many people did do diligence On that article how many people did do diligence on ftx? How many people did do diligence on those banks? just investors and and You know people who who bought stock and those publicly traded companies. How many people did that? They didn't get it, right? so I think that What's the people who scare me are the people who are 100 sure themselves Those people scare the hell out of me because I'm like I don't think anybody should be like that I really do think that we should uh, there there should be some part of us It's like well, I don't know about that because that doesn't make either that doesn't make sense Or I don't know know the whole story an example would be like you can look at 30 different data points on one thing And then all of a sudden you look at this one data point that you know Totally invalidates Your your whole thesis how many times have you watched the history channel and that's happened to to people like that? So for me, I'm just like well, I don't know where things are going But I know if I stick around for the long haul I should be okay and I try to pick The best products I possibly can I'm going to get things wrong But that's okay because I don't have to have 20 winners I just have to have one or two that skyrocket same thing with the internet age You didn't have to have So what if you screwed up on pets.com and aol? Well, if you just had a little little google Maybe a little amazon. Yeah, it worked out. Okay Okay Hey rob when flappy launch set a twitter website. We're going with that right now We already have the web 2 developed the game is ready to go. We're just we're just waiting for apple to give us the approval that's the easy part and the web 3 is 80% done so We're trying to get it out in may Then may be june so everything's there, but It's going to be different How we do it? It's not going to be heavy on tokens. It's going to be they're going to be nfts for power ups and then that But it's going to be a very simple game and we're going to have a product Before we do anything That's the secret Like a real secret Now it's a good question airdrop for subscribers Yeah, I probably should do that. It's a good one ah phx that's a great question fantastico So the question is what are those listed rules mean great question? so I made these during Right before right around the time of the celsius collapse And I really started to harp on them and they're doing right before the voyager collapse And there's five rules And most of you know this so you can just tune this out. It's all gone Meaning everything you invest is probably all gone anyhow. That's your mentality you should have So what does that mean? Don't invest more you can afford to lose if you have A mortgage and you're in your house cost $2,000 a month and you make $3,000 a month or whatever you're you're making don't spend $3,000 a month in crypto. That's ridiculous Maybe five bucks 10 bucks. I don't know but it's all gone. Don't invest money before to lose Everything's a scam until prim otherwise even if you're here for me. It's probably a scam Just say it's a scam until prim otherwise verify. Don't trust Nothing gets left on exchanges zero So you can buy and sit them around there and I know there's different places where people who are traders who want to You know have their their their fill orders Uh Put in That's fine But the best way nothing on exchanges put them on your cold storage device. You can use the exchanges, right? But just pull them off no leverage I am sick of hearing about the people who use 50 to 100x leverage and don't make it tired. I get that's those emails weekly um There's a caveat to that too if you want to use like a two or three x Leverage you have at it. Not your dad But for me, I don't use leverage because I think it's a little risky Especially at 50 x you might as well just you're playing with fire the last one take profits meaning nobody everyone broke taking profits I'm pretty sure that in the last Bull run I'm pretty sure everybody here thought that they could probably take a little more profits during that time That's really it. That's my rules Mike Bennett everybody's always wrong Yeah Martin L says isn't ai just going to disrupt all this? Ah, maybe I think I think simon dixon said it. He said you we're going to have an ai Algorithm or artificial intelligence, which will dictate what and how much of the cbdcs are actually put out and who gets what? At the right flow at the right time scary, right So AI to disrupt this Maybe it'll come with a better idea Who knows? um Do you think tether will collapse eventually? I I've had my fears on tether for quite some time, but again wrong because Which one Of the stable coins lost their pig so far luna usdc I want to say b usdc a little bit tether nope So I'm not saying to put everything in tether. I'm just saying just give me a little history that tether is so far so good Oh, excellent. You grow if you want more recent mortgage data check out black knight mortgage data He was in front of fending friday mac charts are only three is excellent. I will definitely do that Black knight got it Two eos should cover retirement. Yep RS is one elastic golden grabbers look great. Uh, that game is That you can you can get an early rush and or get an early alpha and play it but I believe they're putting the public Game out in august or september things change a change a little bit over there, but they did pretty good They had a great launch and I wish them the best Let's see Guy is a doomer. He was great though. I think guy guy's pretty upbeat quite honestly, I mean he's just kind of like But you got to understand, you know like guy Guy was in the uk and he saw I mean the the crushing Inflation that's going on over there and he's got family over there still So I think it's a bit more difficult like here like in the states like we don't see it as bad like I just I'm like, well the eggs are the eggs are priced pretty good. So Inflation not too bad like here in Puerto Rico, you know prices are always high and gas for the leaders actually down So I'm like that's pretty good But uh, no a guy I think guy's middle of the road pretty even keel keel and I think uh, I know people will say well ben's the biggest doomer out there and he's just uh, mister you know poor potty and Hates everything like no trust me kind of scenes ben's like yeah, we're gonna go pretty far Just don't think it's gonna happen the next six months and I got to agree with him Do you think with nasdaq and german bank that crypto could have An early start of a bull run I think what it would be I think that would be a nice kickoff But I think what would really happen is if uh, we start to see I hate to say this but more bank failures Which will give more attention to alternative investments such as Bitcoin and digital assets mostly bitcoin though because that's what people kind of feel it is it is for and then I gotta tell you we might have a little mini bull run and for the next fomc meeting if Drone Powell doesn't If he just says okay, no no rate hikes This time around we see that we could see a little bit of a bounce, but I don't know about a bull run bull run. There's too many There's too many factors out there that Inflation is too high people are still concerned about that and uh, we'll see but again, you know, it's The economy doesn't bounce back first. It's it's equities that bounce back first then the economy follows There you go. I'm barely doing a joint stream one day. Now that Would be good. We call it We call it eos brothers And then we would just talk about eos for like two hours straight eos won't make the next bone. How dare you chris How dare you I have all my money and eos is kidding Let's see Eric Murphy says what's up rock question. You think crypto IRAs that are using coinbase are in trouble Due to the sec's attack on coinbase. We talked about this in depth yesterday about what the sec might be looking at and again, we went back with Simon Dixon and he pretty much said he's like look He goes both sides are not telling the full story coinbase isn't telling the full story and he does the sec And he talked about how the different license that they have and how they're supposed to onboard their customers are supposed to be done and how they're actually doing it and uh, you know How also the sec is not approving anything And how they are actually sending a little bit of guidance, but they're not approving squat So he goes everybody's not telling the full truth So that's why I said we have to go to war with them in the legal Process and they have to be sued and I'm glad That this well knows got served to coinbase and now we can get this all figured out I don't like to drag things out And I got to tell you if the fed would have you know, just come out and on fire earlier And raised raise rates higher quicker. We wouldn't be in this mess right now But like, okay. Well, that sucked, you know, three months ago four months ago And we're kind of in the low, but you know, we're recovering now. We got to grind things out With these stupid zero or 25 basis point hikes for who knows how long Yeah It's a good question Whatever did happen to Sunday pump days. I'd like to see that Watto Enjoy your videos. My question is a content creator. How do you manage viewer retention? Probably the toughest part right there is When you're trying to get people to stick around It's um, well, there's two things first of all, you have to find, you know How you do things and how your voice is because I don't sound like Altcoin daily and altcoin daily doesn't sound like hashoshi and You know vice versa and ben Isn't selling any of us So like in this one, you just have to find the way that you do things And then try to make it as interesting as possible And I always try to condense it as as much as I can before I was doing like like this is a long video because we're doing q&a I try to keep things short and sweet as best I can give my opinions and get out That's the best I could tell you Let's see Don't bank in trouble Sorry, it was uh credit suites. Excuse me Rob, do you think a will take over crypto for human's chance to realize what's happening? No, I think a will take over other industries before then and um I'm just more concerned about uh, these deep fake videos. I mean how easy would it be for them to do uh president solensky to come out and say hey Russia we're sorry and we surrender And everybody lay their their weapons down and it looks just like solensky sounds just like solensky and everything else I would call some problems Why buy bitcoin at 27k when you can wait and buy at a million that's true Danny's got a good point. There's an old adage selling may and go away learned it from you Rob I gotta tell you if this recession comes in when people think it is It'll be the most accurate time I've ever heard of it because everybody kinds of is trying to is saying that this recession is going to kick off brutally in q3 so You know looking at end of june and uh early july that's the truth then selling a may would have been pretty great deal I personally I probably won't well, we'll see actually you can't say anything. I'm just gonna look at some data Here all you think Alaska will do the state or the game The state I think does fine. Uh, the game itself probably do pretty well It's got great graphics and the people really believe in the project Let's see and I think we're coming up on it That's a great question. It's a great question. What will the bank do that exchanges won't? You know what they'll do that exchanges won't do name recognition Here's it. Here's here's what we have You can go to an exchange right now and buy crypto Because we've done that before there's no problems Now talk to the normies the people who've never done it and they say I want to I might want to buy some crypto Okay, we want to go in exchange now Because I heard about ftx and what happened there. I don't want to do that Or I heard about uh, this thing called block 5 or celcius or voyager. So I don't want to lose all my my crypto I want to I'd like to get in some way. Okay. Well, also will as far go is offering this to you and chase bank JP morgan Fidelity whatever. Oh, I don't know. I don't but they're not ftx. Are they I trust them That's the only thing they can do different it's name recognition and trust And if you can do that then you can get a lot of people going. Well, okay, all these guys have my They they've charged me over draft fees for so long. I trust them That's the mentality man I know so that's it Yeah, brandon mack tomorrow's got a good one say screw up. Say screw up. Don't be an spf and say sorry I messed up And I bought a nice condo here in the caribbean for my parents So thank you Have you heard of vulcan blockchain yet? I've heard of it Not really sure. I haven't gotten any of it though It's a great. So what's your thoughts on peter teal selling his crypto on bitcoin? You understand and this is a great thing There was a story we covered about a month and a half ago And when peter teal was talking at bitcoin miami, he was talking about how great bitcoin is and how it's the future And how he really believes in it and just three weeks or a month beforehand his Investing company sold. I don't want to know what's all or most most are all of it It was a pretty good trade actually for that time frame And if you pin down peter teal and ask him, hey, I thought you said that you believe in it He's like, why believe in it? But it was just overheated and I sold it So that's what you got to understand. So all the people that you listen to out there and the crypto verse That they say I believe in it and it's going to be the greatest thing In the back of your mind, you should be thinking how much did you sell and how much are you dumping on me? Just remember that peter teal and who knows how many other ones that are out there And the only reason we know peter teal did it It's because I think it was a public and traded company, but I could be wrong on that one. But yeah, sold a bunch of it almost all of it It's not surprising to me. It's just I've been here for so long. I just like well makes sense Hey rob, what do you think about other m2 move to earn products like without sweat for example steppin And fit fi Well, I have steppin. I actually have it on my phone There's that one and then there's a satoshi miles or called smiles And uh, that is a free app That you use it you download it you walk and it gives you satoshis pretty cool, right? But uh, just know I don't know if they sell your data. I can't tell you for sure if they do or don't they're probably say they don't but Um, just like how when you came into youtube you probably saw an ad you'll see some ads and they'll sell you some stuff and That's it. But it's pretty good trade-off just to stick on your phone walk around and get satoshis I mean I walk all day long Meme says in my opinion. There is a silver lining after cbd. Here's our reality People will be more comfortable with bitcoin and crypto. That's a good. I never thought of that way. Yeah, it's true You know what would be interesting and I think that's true because people Like they're not really used to having wallets on their phone per se But they're used to like a venmo a cash app and a paypal so When they can kind of look at this and go well, that's my whole thing and I can push it this way that way When they take a look at cbd sees and they move things around Maybe it won't be such of a big deal when they have You know hot wallets like a metamask Or something else. So yeah, that's a good point That's the point The fed might as well create an account number same as your social Give you some digital dollars if you behave and shut you out if you don't behave Again, I think that'll probably happen and I but it only takes one time for things to collapse Some people will be like well, you know They shut it down, but it was my fault because you know, I had too many twinkies and You know, you can't have that much sugar in america or whatever. I'm just kidding, but If they shut people out And people don't like that and then we go to social media and said this was shut out and they were tracking this And here's my data and you know, I couldn't buy gas anymore because you know esg and That's what'll lead back to To crypto bitcoin digital assets. That's how I see it ACA bloomberg Beardy gives the thumbs up My life is complete I cannot type No, that was fine Gary says pretty new to staking. What's the rule of thumb when collecting your rewards daily weekly monthly yearly? What's the norm in europe? so It depends on the product like for me um So it pretty much just comes automatically. I know like with uh with the cardano stake pool again shameless plug link in the description Like we don't touch anything this the the stake pool operators don't do anything. It's It's all done behind the scenes and you get it into your wallet. Whether that be deadless or yoroi or ate a light or Uh nami or whatever you want to do every five days you get you get those rewards near protocols pretty much the same thing It's kind of gives you an automatically polka dots You know, I don't think you collect those and you just put in but some you actually have to go in like with ginsukishi You put them in you're staking and it adds up and then you get it. I just whenever I can remember honestly Uh and just go from there Yeah, well she's social classes goes away and everyone can look each other the same that would be nice I'll see Uh ledger is the best That's what I'm gonna get Mmm, I miss anything 100 100 x made 10 bucks. So uh, thank you It's a good question Charles says for someone seniors at issues with using ledger how save runs save other wall such as exodus exodus Is that uh, if it's a hot wallet first of all charles go to the there's a website Dan teaches crypto 100 free and I talk about the difference between a cold storage wallet and a and a hot wallet exodus I thought was a Was a hot wallet because you're connected to the internet. I could be wrong correct me in there But anytime you have a hot wallet it's a little bit more Dangerous, I guess you could say than a cold storage where you have Nothing connected to the internet where it's uh, very hot. It's a Poss not possible. I'm sure everything's possible very tough to to to hack so exodus This is how I see it. What the hell is it? I had it So I talked about this card before Arculus right And it's kind of like like like a hybrid between a cold and a hot storage wallet I have my metamask wallet in here and I also have My nano ledger and I got all this stuff right here So it's just like a bank, right? Would you walk around with? You know a hundred thousand dollars in your wallet in your in your back pocket Or would you keep a hundred thousand dollars in your bank? Protected and maybe keep like 20 bucks or so In your wallet That's how I see see both of these things. I think that's that that's the best way to look at it How do I convince my girlfriend investing crypto eric? You don't you just Don't you you can talk talk to her about it but uh You know At some point she'll she'll come away and the reason why I say that Is because I've had other people who have said my wife my girlfriend My husband is going to kill me because I told them to get into bitcoin at 69 thousand dollars Or a theorem at 5500 dollars or whatever it also was and like So for me, I just say look if you want to learn about it, that's cool I'm not going to push you and it's up to you because you know Just better that way It doesn't it's thoughts on a cbdc pegged to a 32 trillion dollar deficit America baby America we're going to increase that debt ceiling Don't you worry? That's the only time congress can actually get together and agree on something Yeah, guys are realists. I gotta agree And I hate gary genzler. I don't hate him. I just think he's uh Here's a plot twist Maybe gary genzler just wants to usher in Uh bitcoin this whole time Maybe he knew that coinbase would never sue him And the sec so he goes, you know what I got to push their hand because I want to make sure everybody gets bitcoin So I'm going to sue them And we'll eventually lose the case and I can usher in bitcoin behind the scenes Fade to black I know it's a pretty good idea, right Maybe not okay Uh renzo, this is a great question next administration will be crypto friendly. I think this is it. This will be the last one Um, yeah, I don't see the democrats winning this next election It is don't And we've already flipped that we I'm not a democrat or republican. I just kind of vote for the best person um The house has already been flipped. So, you know, it's it's uh republican controlled senate I think it's a narrow Is it still a narrow? Yeah, I think it's uh Let's see I think it's still 50 50 with the vp cutting the tie And then of course You know, you've got the president who is democrat. I don't I don't see them them winning so if they Get out then depends on who the next person comes in if uh trump runs again. He's not very He's not very crypto pro opponent of that we'll say that uh If you've got uh, something like the santhus sure, but some Some people hate the santhus And some people don't want to win. All right. Uh, but I think there's more people on the the republican side That are more pro-crypto than there are on the democratic side Uh, I think elizabeth warn is the Far left, uh For crypto we'll say So, yeah, if they just depends on who's in office I am Unlike this green screen back here Exactly Uh, matter of fact, I'll be traveling next week. So you And then we go we'll be back in, uh, texas Uh around april 1st. So expect a new green screen. What did I miss? I'm gonna give you the opportunity to watch it right now Everybody that's it for today. We've got 52 minutes. So look. Thanks for hanging out with me Almost 2 000 people just hanging around. That's great If uh, just need a favor like today's video thumbs up Just consider subscribing all that great stuff and that is it Also, if you're in the portorico area, uh tomorrow morning We'll be going to amigos de los animales to walk the shelter dogs at 8 in the morning It's a beautiful scenic walk and of course the shelter dogs get out And I always post about that on twitter and the address and everything else We go from 8 o'clock to around 9 9 30 and I buy everybody breakfast So if you want to stop by and do something good hang out with me for a bit great See you tomorrow morning 8 in the morning. If not, I'll see you for tomorrow's video But that's it for today. So thanks so much everybody. See you on the next one. Adios