 Great everybody. Welcome to the live stream. So just like the thumbnail and title suggests Looks like El Salvador Bitcoin bonds could potentially be in trouble And this is what some news reports might have you believe but in all actuality It's not a really big thing and why this right now as far as reporting We really have to get these things right also I'm gonna take a look at how India is potentially going to be taxing crypto currency investors at a flat 30% rate Ouch, and then also we'll take a look at how Malaysia minister wants to make Bitcoin legal tender That's pretty good news and finally we'll go over a story Which has been trotted out to quite a bit Goldman Sachs changes their tune yet again So we'll get into all those things and then at the very end we'll do five questions in five minutes little Q&A But first let's take a look what's going the market So also first of all if you're here for the live stream welcome usually this pretty early But today we're getting things ready because we're moving or not moving We're going back to Texas for a little bit so we'll be out of Puerto Rico for a bit Just kind of moving things around family stuff to do and all that good stuff So today it was a little bit one of those off days, but here we are talking about what's going on in crypto So just so you know if you're for the live stream, thanks for coming by if you're for the recording Just check out the timestamps below You can go fast forward or whatever you want to do to the stories You want to listen to and the very end will do the Q&A news takes about 15 or 20 minutes Q&A takes about five minutes Let's jump into what is going on with the market. So I'm not gonna spend a whole great deal of time It's pretty much sideways. This is all this can't be right. Let me refresh this 1.9 for one And now it's BC game. Let me show the stats Ah 1.95 Wow One from 1.9 for one to 1.9 for seven. That's Boring Bitcoin is down a little bit if there aims up a little bit extra piece up Hey, watch out 3% tears up damn 6%. It's pretty good 3.7 0.6 Some other stuff aren't doing so good Bitcoin cash watch out 5.8 Algorans finally coming now making make it around the corner 7.1 percent. So things are going off pretty well That's the market. You know what it is. You check all the time. Let's jump into it the story El Salvador and Bitcoin bond. So then When I was reading these stories, I kept getting Conflicting information about what is going on with these Bitcoin bonds from El Salvador Why they're actually being issued? Who is actually going to issue them and how it's actually going to play out as far as Who is going to spend what money and when I take a look at these types of stories? I think it's important that we get these things right and there was another thing that I had taken a look at Which you know made me Off the realization that if we don't get things right things can go sideways quick because it's all about the narrative, right? It's all about the narrative that is pushed and I'm not a mainstream media guy I used to watch a lot of news But that's just bad for your brain and then there's a lot of lies out there But one thing that I can I think we can all agree on is that if you don't get the full picture It's not gonna do too much for you So this was a poll by Yahoo news and you gov and they said hey and they just asked Americans Hey, do you support a no-fly zone over Ukraine? And if they just said that would do you? Support a no-fly zone over Ukraine. Yeah, 40% said yeah 35% were like yeah, maybe and then 25 like a quarter like no But then when you give them the full story like hey, would you support or oppose a no-fly zone over Ukraine? Which would mean the US would shoot down Russian military planes that they went into that zone and Possibly trigger a war between the US and Russia Once they gave got the whole story and they're like wait what no I'm not gonna do that 43% said no 34% not sure then support for much flip-flop from what it was before And then I see these same types of narratives in mainstream media right now like when we talk about inflation I just saw President Joe Biden roll out and say inflation is not because of Fed reserve and us printing money It's all about the supply chain and it's all about GDP has nothing to do With money with us printing the most amount of money in the last two years We've ever done and then of course you see these narratives about like well You can fight inflation by don't take the bus don't buy in bulk Don't eat meat try lentils and of course you got to do your part and then you hear these things like coming off Like this is what we have to do and it's like a brainwash everything So I'm just trying to get the right information at the right time to the right people. That's you So here's what's going on the Bitcoin bond is set for baptism of fire in El Salvador I think that's a little pretentious, but whatever. So we'll go with that title and This is what's going on the so-called volcano bond This is being issued by El Salvador and it's gonna be a pretty great thing I think has been marketed with a six and a half percent coupon and a Bitcoin dividend of 50% of the gain in The price of the crypto after five years and this is where it comes down to so what are they gonna do with the money that they make? So half of the 1 billion expected proceeds from the issuance will go towards the construction of Bitcoin City So that's half when we do some quick math half of a billion 500 million All right, the other 500 million will be invested directly into Bitcoin So I think now we can appreciate like where's this money going to what's gonna happen with this? Well, it's gonna go into Bitcoin. They're gonna play the long game President Lukele is pretty much a hodler So that's what's gonna happen and the other parts gonna build they're gonna build this great Bitcoin City Love to see how that works out So that's good news. I think we can agree with that. This is even better news earlier this month Emerging market debt traders sat in on a call with Salvador and finance minister Alejandro Zalea And he states or this was from the people who were sitting on they said much to our surprise Zalea said he had demand For this bond of up to 1.5 billion for the Bitcoin bonds Not just one billion, but it looks like they're over they're oversold They have a lot of people who are interested in this and they can say up to 1.5 billion for the Bitcoin bonds So that's good news as well. Great. Everybody's tracking. Here's where it gets wonky Kevin Daley a poor fall manager investment from Aberdeen, I don't know what that is a BRDN Someone tell me what that is in the comments Says this is an issue even so he views the issuance as a misstep Rating agency fish has also added its voice to a growing course of warnings It downgraded all Salvatore's sovereign credit rating to triple C from a B minus Signing its use of Bitcoin is legal tender as an impediment to a possible 1.3 billion financing package from the IMF and as you remember the IMF came in and said look We don't want you to use Bitcoin. We're gonna leave you alone and we're gonna put you into the system Trust us. No, like no, we don't trust you. We're just gonna go along with Bitcoin We're just pretty ballsy and I think that is a step potentially the right direction So when we talk about these this Bitcoin bond and how it's important is it really is pretty important about how it all plays out So then to finish this up This here's more good news Salvatoreans are not alone in experimenting with digital currencies according to blockchain research company chain analysis Latin America along with South and Southeast Asia account for the bulk of web traffic on crypto platforms So the bulk of it Vietnam Indian Pakistan top in the index of global adoption I'll Salvador is a case study for other developing countries that are reliant on the World Bank and the IMF Financing so if you can take a look at the Columbia's different parts of South America If you can also take a look at Turkey who is in a rapid escalation of inflation This would be something that I think all of these countries are taking a look at going should we do this? Can we do this? Maybe we should and then To finish up take an inspiration from Kelly's backing of crypto 60 percent of a Salvadorians have digital wallets 60% have digital wallets in a country. We're only about 25 percent of population has bank accounts however as of October 20 2021 only 4% of El Salvadorans use Bitcoin and remittance transaction This is a poll the Central American University I think it's much I think it's higher than that But that's the poll that's been found but again polls a bit different than on-chain data The government hopes the lighting network a payment protocol designed to solve Bitcoin scalability problem We'll deliver faster transactions and for the reduced cost But I could have sworn that they were using the lighting network already So I don't understand where that part comes from doesn't make any sense as far as I know My network is being used right now and that's what being used for women's payments. So that's the first part So that's kind of in the middle. Here's where it gets interesting. This was a month ago Blockstream CSO Says 500 million committed to El Salvador Bitcoin bond. This was a month ago They had 500 million might take a look at some like that's pretty bullish. I like that But there's a story behind the story So blockchain chief strategy officer Samson mouse said this the bond had received more than 500 million Inverbal commitments at the time He stopped counting a few weeks back and he's talking about I believe the El Salvador prime finance minister. So verbal commitments. I must tell you are not hard cash I've had in business. I've had many verbal commitments that don't pan out So the question is are they gonna pony up and are they gonna come in? That's the big question which leads me to my last point Roll out of El Salvador's Bitcoin bonds facing delays and that's never good, right? If you're an Ethereum fan, you're familiar with delays. It's okay. Same thing with Cardano There's delays all over the place. So if we take a look at this This is I think the narratives which is gonna push people around going well Is this positive or is this negative or what's happening in all honesty? It's neither. So here's what's happening According to a new report by local publication la prensa Graphica even though president's naive Bukele announced on February 22nd a Series of legal reforms of all in Bitcoin and the country's Congress has yet to receive the laws Essential to roll out the bonds apparently they cannot do that legally before this happens Zalaya when we just talked about before also the conflict between Russia and Ukraine is having impact on the timing of the rollout We believe that between March 15th and 20th is the right timing and it is the 21st We had the tools almost finished by the international context will tell us I didn't expect the war in Ukraine So here's the thing I don't care when they get it out as long as they get it out If they have to wait a couple of days or a week or two weeks to get this right. I don't care I just want this to work as perfectly as it possibly can so it takes a little bit of time It takes a little time as long as you've got a little bit of Momentum going I think it's okay And then according to recent article by the Financial Times when the legislative backlog is clear and the bond does come out It won't be issued by the government. It'll be by Lageo which is El Salvador's thermal energy company and for all you Americans like myself We're like where can I get into that sweet action? Well, you can't because Americans would be unable to purchase them as US traders and barred from using Bitfinex the crypto exchange platform That would sell them. So if you're questioning like, why do I get into that? That's the way And I'm not gonna say anything about a VPN or whatever else, but that's up for you And this isn't financial vice. It's just financial opinion. So let me know what you think about that in the comments section I think the narrative Depending on where you go to if you go to like a mainstream media site You're gonna see this is awful and it's collapsing if you're gonna see if you're gonna go to like a crypto site Everything's okay. Everything's fine. It's gonna be fantastic. I'm just trying to give you all sides of the story Should you make the best decision for yourself and investment? So I mean what you think about that? Let's move on to our next piece. This one's not good actually India in crypto tax so There has been a lot of back-and-forth India say they're gonna ban it the Center central banks they wanted to ban it. They aren't the legislative departments. They don't make laws they're just a bunch of bankers and That had to actually go to the India Supreme Court I want to say a year and a half ago where they had to overturn The ability for people to actually hold crypto and that happened and now There was a lot of positivity India They're like we want to accept this and now we've got some taxation which I have to tell you When you I read this article I Want you to think about all the times that people have said that crypto would be destroyed and it would the government would stamp out Bitcoin and Or any kind of digital asset because there's no way they're gonna give up power You have to understand it's not about power. It's about money and if there is this much taxes to be gained They're not gonna get rid of it They're just gonna try the tax living tar out here and this is what it comes down to so India Beginning April 1st There's gonna be a 30% tax will apply to all forms of virtual digital assets or crypto assets That are sold at a profit now if you're from India sound off in The comments because this is the article that I have here I verified it a couple different places and this is the information that I have a 1% TDS will be held back each time you sell a crypto asset more than a second The crypto tax cannot be set off against other business expenses So if you own a business and you try to find expenses to reduce the amount of burden that you have as far as taxes It doesn't work like that. It's gonna be 30% straight flat and it's pretty awful India's finance minister has reiterated that the existence of a targeted tax does not give the crypto legal status Which is kind of funny because they'll tax you on it, but they won't say it's legal Well, it sure is legal when you take the money out of my pocket So from April this year crypto gains will be taxed at 30% let me say that again from April this year in India Crypto gains will be taxed at 30% which is the highest tax bracket and the same rate as lottery winnings This would apply to all virtual digital assets right from Bitcoin to NFT and related earnings Tax, but not unrealized gains. That's the big thing. I'll get to that tax rate on stock trading can range from zero If you're a stock trader to 15% it follows a short-term capital gain, but not crypto 30% India said to have almost 10 million crypto users seeing about a hundred billion dollars in trading volume in 2021 That's a lot of taxes. I'm sure the government like to get their hands on it So all crypto profits gaining over this course of the year will be taxed at a flat 30% rate a Person who bought a crypto asset that increased in value greatly But is yet to sell it has made no profits yet That will be called unrealized tax gains and you will not be taxed on that Which is the exact opposite of what our Treasury Secretary Janet Yellen said is what she wants to do Which was idiotic, but whatever and remember that thing that we I said TDS Tax deduction at source. This is the real ripper If this ever happened in the United States, I think you would really hurt tax deduction at source nibblings away at the capital What is it? The TDS or tax deduction at source is deducted upon the entire Transaction value even if you make a loss For example, if you bought Bitcoin worth 40,000 and sold at the same price on any profit You'd get back only 39,600. So even you get a loss. You still get taxed and this is from Some Twitter user sure Additional provisions that close the loophole loopholes Persons who run all or most their income from crypto assets can show their earnings as business income But guess what? No business expense deduction will be allowed upon crypto earnings again You're just gonna get straight 30% Avoiding a 30% crypto tax and showing crypto profits as capital gains, which is tacked up 20% Will not be allowed either. So not only do they not get taxed capital gains They get taxes like essentially if you won the lottery 30% which is pretty crappy Crypto based prizes and gifts will also be subject to 30% flat tax. So airdrops of coins or NFT won't be free Receiving crypto assets as a gift won't be free there with the option of deducting tax at source Which is a lot different here than in the US also in parts of the EU I believe you can gift somebody a certain amount I think it's like seven or eight thousand dollars per year of crypto Don't quote me on that. Check your CPA and it's tax-free So if you trust your wife or your husband or something other you might want to give them some big fat gifts and you won't get You know, you won't get Tax, but when they sell it, they'll get taxed. So it's a it's kind of a goofy one and Lastly legality of crypto is not assured making yourself clear India's finance minister Nirmala Sitharaman said even though crypto isn't regulated it doesn't get a legal status again I think it's funny that she says that because it's not legal, but we're gonna tax you like it's legal The proposed framework for regular and crypto is yet to be presented in Parliament But the finance ministry has said he'd be working on a consultation paper Which expects to be released for public comments in six months. So they're gonna try to figure out Exactly what the legal status is but until that time This is what we got again if you're from India sound off in the comments because that's the information that I got I'd like to get the whole story Let me know what you think about that in the comments and I will just say this if you're from India You should check out Puerto Rico. It's fantastic. Have you seen this place? It's great always Sony What is always warm? They really like people around here super I mean just and food's pretty good too. And also There's no capital gains tax. So if you want to check that out. I did a video about that Yeah, it's about 40 minutes or so everything you want to know is right there. I'm interested about that Let's go on to next to last piece Malaysia This was pretty interesting. I always like to hear the good stuff Malaysia should have out cryptos legal tender real quick This was just the deputy minister of the communications and multi media ministry said so not like it's like the finance minister But it's a step in the right direction She said or he said so far Al Salvador is the only country to adopt Bitcoin as legal tender and with mixed success All right, I actually I have heard of problems with with Bitcoin and Al Salvador people being ripped off and scams But guess what we get that too. I'm sure you saw a scam ad right before this video here on YouTube That's an America. So a survey of company companies by its Chamber of Commerce published this month found that 14% had transacted in bitcoins in September and Al Salvador and then The communications officer is pretty much responsible for 5g mobile networks attracting investments to the technology industry So of course he would be into it and Then just so you know as far as the central banks of Malaysia They have as an they haven't announced any form position on adopting Bitcoin is legal tender surprise It is assessing whether to introduce a central bank digital currency or CBDC So step in the right direction. Hopefully the finance minister pulls it actually says that as opposed to the multimedia one And then lastly, let's finish up with I told you so Goldman Sachs So I love these stories. They're always so fun because I get to see all the big old guard backtrack. So this was from May 27th and Goldman Sachs, they said all their investors down said hey cryptos on an asset class Just see it now and then fast forward to March 9th Goldman Sachs exploring offering new options for crypto. They just about a week ago We're discussing bilateral OTC options for some of their institutional players and fast forward to today It just happened Goldman Sachs to offer over-the-counter crypto options trading. So That just happened. So what what happened here Goldman Sachs Whoops executed its first over-the-counter crypto options trade further step in his expansion of digital asset offering to Wall Street investors Oh The bank traded a non-deliverable Bitcoin option a derivative tied to Bitcoin's price that pays out cash. So it didn't per se offer Bitcoin itself But it was a derivative and that's a step in the right direction and who'd they do that with the transaction was facilitated by Galaxy digital holdings like Novogratz and company So I'm like Novogratz. So again, I like to hear stories about this This isn't a big deal now, but if they're offering it and they're going in that direction for their institutional Players, I think this is a good news for us. And also if you haven't remembered Take a stroll with me also JP Morgan the same thing. They were like, you know what? We don't believe anything of far as crypto Jamie Diamond, this was in the 2015 virtual currency will be stopped 2017 JP Morgan CEO said Bitcoin is a fraud 2018 again Jamie Diamond says he regrets calling Bitcoin a fraud and believes in the technology behind it sounds like China 2020 Jamie Diamond says Bitcoin is not my cup of tea even as JP Morgan has warmed the crypto That's odd the CEO is like, I don't like it, but everybody in my company seems to want to do it. So sure 2021 JP Morgan says investors can make Bitcoin 1% of portfolios and April 26 JP Morgan may offer actively managed Bitcoin fund report. I think they're even in Bigger territory right now. So that is it for today's stories. Hey, not bad. It took 20 minutes I think we nailed it there. So look that concludes the news for the day's live stream If you had to take off give me a thumbs up if you could that'd be great or a thumbs down I'll try to fix whatever the problem might have been and also to consider subscribing and Now we'll go into the five questions in five minutes. Let's do some Q&A and get the heck out of here Shall we? All right, so Q&A. Oh Man mulling modes here. What's up, brother? How's the golf game in Chicago, I know you didn't play golf in Chicago. It's probably super cold Let's see if I pick and every every time I say it's time for the Q&A There's always like a 30 second delay. So I have to kind of shuffle through the other stuff. Oh Wow sniff just sold all my gold and Going to buy more Bitcoin Luna and avalanche precious metals suck. Wow. Look at that sniff does it? Graduation sniff you should talk to my brother because he just keeps buying gold like it's going to style as if he's gonna get rich off that Maybe I don't know what do I know? Let's see. Oh And then everybody's got questions about taxes. Look taxes are coming up So just make it simple on yourself. There's a link in the description for crypto trader dot tax They just do API integration So it doesn't matter if it's coin base or Kraken or Gemini or even Voyager or Celsius or even DeFi stuff They can actually can integrate with your Ethereum wall now for uniswap and I'll go through everything and tell you what your capital gains If you own any and then go from there So if you believe that the IRS knows that you bought some stuff, maybe you should do your taxes I can't tell you what to do. Not your dad Let's see What's this? What's this? Let's ask Rob Rob. Yes If you sell one Bitcoin at a 2x swap it for stable coins, I mean 2x and Pay a coffee with that you pay tax. So anytime that you Let's say you set you pay the barista in Bitcoin Anytime that you sell or purchase goods Or services with your crypto that is a taxable event So goods or services like you can't just take a couple Bitcoin or a Bitcoin and a half I guess and pay for a Tesla, which what people thought it was they're like, I'm just buying a Tesla Bitcoin Show me any capital gains. Yeah, it is because whatever you bought the Bitcoin at Let's say that you bought the Bitcoin at 30,000 and let's just say that you sold let's say for some reason you get a great deal and get a Tesla at 40,000 and that's what it appreciated to so you own capital gains on the $10,000 and depending on when you sold whether that be less than a year That's your tax bracket. Whatever you pay for taxes or if it's over a year. It's usually 20% flat actually 21% after The that bill in 2020 for how it was. So hopefully answer your question And again, I'm not a CPA. So check your CPA. That's as I understand it. Ah That was number one. Yes, what about stable coins? What about stable coins? I Will tell you this my debits card from voyagers on the way and guess what I'm gonna be doing Let me take in a ton of my money from my other bank accounts from my business and thing like that I'm gonna put it into voyager and I'm gonna stick that in a USDC and then when I want to go buy stuff I'm just gonna use that debit card and do it that way because USDC I get like 10 and a half percent. It's between 911 percent I know that for a fact of how much I get as far as like the APY. It's the easy way to make money Squat just put my money in there and then off it goes and they're supposed to be getting a direct deposit. That would be cool but I don't work for anybody work for myself. So Okay, FISA FISA Cosby just want to thank you for your work. Honestly, it's pretty good. Thank you FISA from a distance kind of look like Simon Simon you from storm x any thoughts on chain games I think Are you talking about all-on chain games or chain games the actual project? I think chain games the project is what allows you to bet place bets on different different games out there I don't know. I think I heard Alex Becker talk about it one time and Who knows what it could be? Hey, one computer says anchor 19.4. Yeah, that's true. It's pretty good 20% I Pull it always always telling people what's up Sonya says so this was Sonya's issue not new but even Rob sometimes makes condescending remarks are brags about a seven-figure I'm I don't brag about a seven-year home. I say it's a nice house. I don't say it's like the best thing of all time Although it's pretty nice. I remember that laughs at certain cryptos. Yes, I do laugh at certain cryptos because they're worthless They don't do anything even though people Knowing full of some of his audience hold those coins Look, it's not my job to tell you what to hold or not to hold But I will tell you this if you're gonna come at me and you're gonna say like this mean coin is going to Be in the top three. I'm gonna laugh at you because it's not gonna happen. Could it happen? Sure It could I be wrong? Absolutely. I mean who knows right, but That's just how how I see things and that's all I can tell you. All right Sue Yeah performance some salty people look I get it people are salty Why wouldn't you be like do you know how pissed off I was in 2018 when the whole market dumped on me when I was in 2017 everybody told me that Bitcoin was going to a million dollars. It was super ticked off I was like and I would really make me mad is when I would go on YouTube and I would see all these people like me right now It's true. They would be like well, you know Market went down dollar cost average and you can just get into and just work hard I'm like mad this son It was it was really annoying to me and I can understand where you're coming from however now I'm on that other side and at some point you're gonna be on the other side of where I'm at right now It sucks right now because when you did all those investments. It was like, hey, I Got dogecoin millionaires and these meme coins not supposed to be a millionaire I like talk to a manager. What the hell is going on and you just didn't didn't happen It is one of those things because it's like it's the same thing with investing you will it takes time There is no get rich quick schemes and the ones that do get rich quick. They actually go they go poor quicker So right now is a time when you have to save yourself. What am I gonna do? Am I in the business of losing money? This is exactly I told my wife when when everything went from 2017 highs 2018 super lows Mike. Hey, I'm not a business losing money. What I'm gonna do is I'm gonna get some principles I'm gonna buck down and it's gonna keep dollar-cost averaging by the whole time So I was buying Bitcoin at five thousand six thousand sometimes four I would buy a theorem at three hundred four hundred dollars. I'll buy Cardano at seven eight cents You've heard this story about a thousand times But though for those of you haven't I understand why you're not happy because I wasn't happy either because someone told me I was gonna be a millionaire. It didn't happen It just takes time And I'm not saying you're gonna be a billionaire. Don't quote me But I think you're in a better place than just the stock market just saying Right, it's a good question question number three Dan should I worry about staking soul? No, that's not right. Well, I answer your question now Dan should I worry about staking soul and ex this does he use everstick? I mean worst-case scenario what happens to my soul? I don't understand the because like Way that Cardano works as far as staking is very simple and very easy. It never leaves your wallet. It's fantastic So you can't lose it, right? The worst that could happen is if you stake your Cardano Is that you may not miss a reward, but no one can steal it from you. That's what's great with Solana I haven't staked my salon. So I don't know exactly how that works and as far as exodus I haven't heard anything bad about that in quite some time. We'll just say that So that would be one of those things where you have to do a little research And if you don't feel comfortable with it, don't do it because what's worse? Losing out on the six seven percent of the yield or losing all your all your Solana, and I'm not saying that you will I'm just saying that what's worse. That's what you got to think about Right I've got patients because I'm a doctor but I thought this thing on Okay Yeah, guess what in like three weeks. Oh, you're gonna see the indoor pool again Louise says the social media make you do a lot of things that later you go and regret and that's why I tried to Not be so moon boy ish It's some price prediction videos. I'll probably never do those again and those were just like Some came out came in true, but the ones that didn't were big busts and bombs I've been talking about that fight the last six months. So Yeah the thing is There's a lot of information out there And you can go and do all the things that you want to do and take all the classes and do all the TA and do all the Trading and things like that even though it says a smart one. He says he says Rob it's amazing how a short-term trade turns into a long-term hold because Some data point wasn't correct and he's got stuck and it's it's the truth But as time goes on like if you pick the if you look at the the products that are out there and you say well What's the utilities? It's a Does it do something unique? Is it actually a function and form? What's the utility? How's the team have they done things before are they pretty solid? Are they growing? Are they expanding? What's tokenomics are they going to dump on me? Or is it Pretty good equilibrium and more or less decentralized not like buy-and-squire and stuff like that So you just take a look at that and you know make your picks from there. That's how I do it Can't tell you what to pick Come visit last That's in Dominican Republic Krypton-Besser paradise. I have to go there for for stem cell therapy. Actually, that's what I really want to do and always Says what we have to do is become a good team and save the money in bitcoin Because just remember it's very volatile. That's all Jackal question number four text is meetup. Yeah, I'm going to to houston first. So I'll do a meetup over there Hopefully we can get she hand out Shander Sakara. This is the crypto CPA. He lives in houston And uh, since I haven't been back in the states in Seven months I think it'd be a good time to do that. So we'll do one houston and then when I get to El Paso, I'll do a couple and I'll pass them Robbie should be salty on cardano. Looks like Sure someday Amen, I don't know You'd you'd like to see it do well You're you're hoping it does well, but uh, you know, who knows who knows what's going on behind the scenes, right? I mean just look at wolf a wall straight Wolf a wall of wall streets that looked like That guy had everything going for him and then it didn't work out. I think there's a lot of projects out there I think a lot of projects behind the scenes They're like They're like swans You see them above the water. They look cool and calm everything's going good But under the water the paddling like crazy and they're trying to backtrack. That's just how I see it Uh, what's your alternative and question number five? What's your alternative to banking? You're looking at it, man. You're looking at jeffrey. This is it Krypton and gel assets. I mean What can the banks do that crypto can't do right? Can't you send money to any anybody in the world? Pretty quickly and pretty easily a lot faster. Actually can't you get a loan? for your I mean got a loan for this house and Overrun Celsius worked out okay actually much faster much easier except for the margin calls and then as far as like storing your your your cash or your Your money or your currency. I mean can't you do that with with the different exchanges can't you do that on your cold storage device? so really we think about it like What can a bank do that crypto and digital assets can't do? I think it's different Especially if you're like in america as opposed to e you as opposed to post the parts of south america and central america I think in our actuality the banks lose there because just like that article that we talked about with el salvador 60 of the people Had a crypto wallet as opposed to only 25 of the people had an actual bank account because they can't even open bank accounts So I think crypto in the long run wins. That's just me. That's why I'm invested into it. That's why I think All right, so that's it. So look that's 35 minutes. That's that's a solid time frame So thanks so much for sticking with me. I appreciate it if you like this video give a thumbs up I'll consider subscribing all things we talk about our time sensitive. That's it for today So thanks so much for for sticking with me and I'll see you on the next one. Adios