 Welcome to the Bull and Bear Show episode number 15 and I'm here with Nash Cowboy and Blaze. How you guys doing today? What's up, buddy? I'm doing pretty good, brother. How about you? Oh, I'm doing great, man. Great to see you guys. Hope you guys are having a great long weekend. Want to wish everybody a fantastic long weekend. And the first topic that we're going to talk about in today's show is how crypto versus the SEC. The SEC, the Securities and Exchange Commission, has been going right after crypto all year, lawsuit left-right and center, and Grayscale's court victory means, what does it mean for Bitcoin ETFs? So I wanted to hear from you first. Let's see, Nash Cowboy, what do you think it means when Grayscale wins a lawsuit versus the SEC? What does that mean for crypto? I think it's going to bring in good things and bad things, in my opinion. I think it's definitely paving the path for crypto in general to gain some ground. But I think it's also paving the path of CBDCs. So I think good and bad can come out of it, it depends on which direction they want to go with it. 100%. I agree with you with a lot of those statements right there. What do you think about this, Lays? Crypto versus the SEC? I think it's 100% a win. It's a good thing. Any time the SEC loses to crypto, we get another foot in the door. I agree. I agree. Well, I can tell you that every time the SEC goes after crypto, it seems like they've been losing these court cases and these court battles recently. And every time any one of these Bitcoin spot ETFs has any news regarding beating the SEC, there's always been a bump in the price of crypto every single time. So it's like, if there's good news, crypto busts. If there's bad news, crypto goes down. So in my opinion, it has to be good news every time the SEC loses in any battle with crypto based on the fact that Bitcoin typically does well when there's good news regarding crypto versus bad news. If I take a look at the price of Bitcoin right now, we're just sitting at $25,944. And you can see this is the last month, it's been really, really choppy. And when it makes these big moves up, that's when there's good news with crypto. And then typically after the good news, the SEC will countersue or the SEC will appeal. And that's typically when Bitcoin goes right back down. So you can literally see that every time the SEC has any news that's positive or negative, it directly affects the price of Bitcoin. You guys can see my screen right now, right? Yeah, I can see it. You can see the price of Bitcoin right now is at $25,942. Where do you guys think that Bitcoin goes from here? What's your opinion? What about you, Nash? Start with you. I honestly don't think it's going to jump that much. I think it'll have a good boost in October. I've said this before. And no matter what's going on, I'm still following the market. The market says that September is going to be down. And then October, there will be a good boost. Now do I think that there could be a boost in between there? Yes, but I think it'll come back down just like it did in August. But throughout history, every August and September in an accumulation year has been down. And so far, we're right on the same path. And then October comes along, they call it October, then it will do a pretty big pump. So I'm thinking October-ish. Maybe second week of October, we could see Bitcoin possibly hit somewhere in the $45,000 range, $40,000 to $45,000. Wow, that would be nice. That would be a really nice bump from here. What are you thinking about that, Blaze? Where do you think Bitcoin goes from here? Well, I've seen a list of almost 10,000, 12,000 Bitcoins being put on exchanges. So that normally means they're going to take money out. So that dipped the price, now people are buying back cheap. So I think over $30,000, maybe $32,000 around November. $30,000, $32,000, OK, that seems very reasonable. But around Christmas and as the year ends, it's going to stop pumping because of the haven't coming up. So if people can get it at this price, they're going to jump on it hard. I agree with you guys. I think that Bitcoin is definitely going to have a tougher September. And I think that we're going to see a nice bump in October, November, because seasonality-wise, that's typically what Bitcoin does. So I think there's a very good chance that we're going to see that as well. All right, let's get into the next topic here. Let's go here. So the next topic is the SEC delays at least three Bitcoin ETF decisions. So this is what the SEC has been doing now that the SEC has not been able to beat crypto and has not been able to beat Bitcoin and is losing all of these cases. Now what they're doing is they're delaying their Bitcoin ETF decisions. So what do you think about this Nash Cowboy? Is this a scare tactic? Is it the delay tactic? Why do you think the SEC is delaying their Bitcoin ETF decisions? I think what we know that in July, they started implementing the FedNow program. And I think they're just delaying it to gain more time to implement that a little bit farther before any Bitcoin ETFs are given. I read an article saying that the BlackRock and Fidelity have to wait till October now. I personally think it's going to be longer. And then come after the turn of the year, I believe, will be the first real response on something like that. But I think they're delaying it all for the sake of CBDCs. I think it's because I do believe it will affect them greatly. OK, what do you think, Blaze? I think it's nothing but showing that they got some kind of control to put a damper in movement. And it's their only way they can do things right now. And just stalling what's really going to happen. So basically it's a desperate move for them to keep doing this. I agree. I mean, it just seems weird. They're delaying the inevitable. I heard that there's a deadline by January 10th where they have to make a decision by January 10th. So it's going to be very interesting to see what they do on January 10th. But if a whole bunch of these Bitcoin ETFs all get approved by January 10th, it's going to be rocket fuel for Bitcoin going into the haven. At the same time, I believe, by January 10th, they're going to figure out a way to implement the CBDCs completely. And the FedNow program will be fully ready to go. And how do you think that will affect Bitcoin and cryptos? I feel like they're going to try at least to put more control once they've done that. Once they've fully implemented that. So will they succeed? I don't know. But it's possible. Okay. I think the FedNow is going to make Bitcoin actually stronger. Really? Yeah, because people aren't going to go with the practice thing. They're going to go with the real thing, bro. Simple. Those of you spending your money on investing your money, I don't think the FedNow is going to hurt Bitcoin at all. I think it's just going to piss more people off and they're going to do what they want to do, because that's what crypto is about. Well, I think what they're trying for is to do it with a dollar and to have nothing but a CBDC. And in my personal opinion, if you had to trade your Bitcoin into a CBDC in order to be able to use it, then it would affect it. I think that's their goal. No, because we can turn our money into a British pound. We can turn our money into whatever we want. We don't have to use the US Fed. Yeah, but I can't go to Walmart and spend a British pound now. No, you can convert your British pound back into the US dollar without problems. That's what I'm saying, though. If the US dollar is a CBDC, then sooner or later, you'd have to put it into it in order to... Well, if they put a damper on us, if they try to put a block on us, like, oh, you can't buy crypto and all this and that, you know what I mean? So there's always going to be a solution, especially with people into crypto. We always have solutions. Every time we get fired at, we find a way out of it. It's just an arm wrestling game they got going on with us right now, you know? It's pathetic. So let's go through the next question, guys. I really appreciate your guys' feedback on that. Let's get into the next topic here. I don't see anything because people will find a way around it. You know what I mean? They will. I agree. I think they will find their way around it. I want to talk about this next one because this is big. So this started with Joe Rogan and with a couple of different broadcasters that have said that they believe there's going to be another mask mandate in America and Canada, and it's coming soon. Texas, however, has banned mask mandates as COVID restrictions imposed in other states. What do you guys think about this? Do you guys think we're going back to masks? Do you think we're going back to another pandemic? And if so, will you guys mask up to start with you, Nash? Well, first off, I never wore a mask one time anyway. Okay. All right. So I always said screw it. I refused it and I walked in hospitals. I walked in schools. I walked in everywhere. And yes, they were like blah, blah, blah, blah, blah. And I was just like, it's against my religion and I kept walking on. And that was my response. And nothing ever happened to me. So I think Texas is possibly paving something great there. I hope people will look at that and do the same thing. However, in Tennessee, we never had over like, I would say maybe 30% of people wore masks in the peak of everything. That's 30%. Yeah. Most people said screw it. Okay. What do you think, Blaze? Well, in the beginning, I was scared, man, because I felt like I got it before it became a pandemic. Yeah. And I did wear a mask for people because I didn't want to get people sick. Because I'm stubborn. I go out when I'm sick and especially when it's around Christmas and you go to shop. But do I think it's going to happen again? I think a few states going to try it, but I don't think states like Florida, Texas, Tennessee, you know, a lot of southern states probably won't fall for it again. Yeah. You know what? I'm going to be honest with you. I wore the masks. I listened to everything they said when they said stay home. I stayed home because I didn't want to get sick. I didn't know really what was going on. I did not get vaccinated, but I did not want to get sick. But because I work from home, I'm also pretty lucky. And I, and I avoided ever getting sick. I never got COVID once. Was never sick during that whole, uh, pandemic, but I still wore masks and I followed the rules because I didn't want to, you know, put myself in jeopardy. I was hearing stories about people that weren't listening and going to jail, getting charged, all this different crazy stuff going on. And I didn't want to, I didn't want to break any rules. I just fell in line. That was last time now that I know a lot more now that I have my own beliefs, I will not wear masks. I will not wear masks. I'm not going to fall in line. I'm not going to stay at home. I'm not going to, you know, wait in line for, to buy toilet paper, like everyone else did last time. I'm just going to live my life normally this time. I'm not going to really like change anything. And I'm definitely not going to be wearing masks. Now go ahead. The only thing I changed was I bought more ammunition. And I know you already had a lot. I think I just shared the broadcast just a warning, but I'm hoping I didn't share like a link for somebody to join. Yeah, it's a, it's one of those things where I think people have learned a lot from the first pandemic. And it was a very terrible time in history for all of us to go through. I remember asking my son, I was like, so is there any good looking girls in your school? And he's like, I don't even know. I can't see their face. I remember thinking to myself, this is such a weird time in history. These kids can't even see their classmates faces. And you know what, that, that brings down, that brings in depression really, because it's proven that seeing people smile makes people feel better. And when you can't see that, you know, and everything's just doom and gloom, it brings on depression and depression and kids, especially because they're going through all kinds of hormones and everything else and you know, figuring out life. And yeah, it's not good. Masks are not good, especially for kids. Yeah, I don't think the whole pandemic was good for kids at all. I think it was really hard for kids. They struggled with it. I think kids, you know, a lot of kids right now really struggle dealing with social situations anyways. So I think it's been a really tough time for kids. And you know, I'm really thankful that my kids are in sports. So I allowed them to still play their sports, still be social somewhat. But there's a lot of kids out there that, you know, they weren't able to hang out with friends. They couldn't really talk to people. They had to learn how to kind of, you know, be alone. So, you know, kids end up playing more video games. They, you know, they go into a corner and they just kind of, like you said, they get depressed. And I think it was a really tough time for kids. And it's unfortunate that a lot of our kids, we all have teenagers here, had to grow up in this environment. And it's hopefully they don't ever have to see it again. But unfortunately, I think we all believe there's another one coming and probably soon, which is kind of scary. Did you guys agree? Yes. Very scary. Sorry, that leads me to my next question. So the Canadian economy and the U.S. economy have really been going through a struggle over the last few months. And we're going to talk about America next, but the Canadian economy is unexpectedly shrink. And everyone is saying that central banks in Canada are likely to hold rates. So I really hope they hold rates because rates have been going up at a really, really fast rate at a record rate. Interest rates have been going up. So if you look at your credit card payments, your interest is higher, your mortgage payments, interest is higher, car payments, interest is higher, student loans, interest is higher. So interest across the board in Canada is going higher for everything as the Canadian economy is trying to slow down inflation. And the only way they've been able to slow down inflation, which is similar to America, is by constantly raising rates. What do you think is going to happen here? I'd love to know your guys prediction. Will Canada hold rates or will they continue to increase rates? What do you guys think? We'll start with you, Nash. I think, I don't know. How are they going to do whatever America does? Yeah, I think at this point, I'm really on the conspiracy at the side of things. I think they're trying to collapse the economy because poverty brings power. And I think they're going to continue raising. I think they're just trying to give a little leeway by saying and stuff like that, putting it out there. Well, maybe if you're good, we might be able to do this. In reality, they're going to stick it to us one more time. Man, it's crazy with the way things are going up and the amount of interest everyone's paying. Another rate hike could really put us into a recession, I feel. I really feel like we're in a recession. They won't say that we are. We're definitely in a recession. We're in a recession when everything is going up, the cost of everything's going up, we're not making more money. So we're all getting hurt by the fact that the gas prices keep going up, housing prices keep going up, food prices keep going up, and we're not making more money. To me, that feels like a recession. What do you think, Blaze? Do you think that they're going to hold rates in Canada or do you think, like, Nash, that they're going to keep raising rates? I think eventually, you know, maybe another small hike, but I think they're going to have to hold because people can't do it. They're going to force the government to support the community, which if we can't pay into the government, we cannot get from the government. So they can't wash us down to zero, you know? Earl, are you here? Yes. Hey, hey, hey, how you doing, buddy? I'm doing pretty good, doing pretty good. Sorry about the late arrival. You came just in time. Hey, don't worry. I know you're always on the road. We appreciate you joining us. What do you think about interest rates? Do you think that Canada is going to hold rates because we are now shrinking? Our economy is actually shrinking instead of growing. Do you think Canada is going to raise rates or do you think that they're likely to hold? What do you think? Well, those discussions about the same thing happening here in the U.S. as the job market continues to shrink and the GDP was actually down, proving the fact that the job market isn't actually producing as much for the growth. However, what we're going to be looking at is that as all these companies from foreign industries leave us for bricks, right, with their new trade partners, there's going to be less growth for us here in America's, in North America at least, and especially since Mexico replaced China as our number one trade partner here in America in the past year. So, what we're looking at, you know, it's still going to cost three times more to live in Canada than it does Dubai, right? However, with y'all's new regulations that y'all passed for the one that y'all didn't pass, that the emperor in command over there passed. Yeah. You know, they're looking at the fact that they need 75% of all liquidity assets on hand at banks now, and they're going to be forcing the banks to pay in more. So, I think that it's going to be a slow road before y'all actually start decreasing your percentages, and I think y'all are going to continue at the current rate hike, because the banks are actually going to need that money to actually stabilize up to that 75% on hand liquidity for all assets that they hold, right? So, I think y'all still got a little bit longer shift in it, but y'all might be in the outreach, but jobs are going to slow whenever the whole country is burning down, so we'll see what happens when they actually start to rebuild. And that's going to lead me to my next question, which is actually about America. So, I wanted to get your guys' opinion on Canada, because Canada kind of just follows whatever America does, but a lot of times we make our decisions before America, so you can kind of get a feel for what America's going to do based on what Canada does. So, here's the next topic is the Fed is seen likely done with rate hikes as the job market cools. So, I don't know if I agree with this title, but they're saying that it looks like America's done with rate hikes because the job market is starting to slow down in America. So, we'll start with you Nash Cowboy. Do you agree with that statement? Do you think that the Fed, I don't agree with this. I think that Powell is heartless, and he's going to keep raising rates, but I would love to know your guys' opinion. Do you think that Powell and the Fed is done with raising rates this year, based on the fact that the job market is cooling? Again, I'm on the conspiracy side of this. So, I don't think, I don't think Powell actually has anything to do with it. He's just a puppet. And the puppet master wants more hikes. That's my personal opinion. Poverty difference power, and I think they're going to have at least a couple more hikes. Okay, what do you think, Blaze? No, I don't think they're completely done. Like I said, for Canada, I'll say for the United States, maybe another one or two. But you can't drive us to the underground. You know, we're already on our knees. You can't put us below the surface. Because without us, they can't operate either. Yeah, it feels like they don't care. I mean, here in Canada, when they keep raising rates, you know what I mean? Yeah, here in Canada, they don't seem to care. They keep raising rates. In America, they don't seem to care. They keep raising rates. And the thing that Powell keeps saying is, he does not want to stop raising rates until inflation gets down to 2%. Inflation's at 4.2%. So we're not at 2%. So based on what Powell has said, I just can't see them pausing. Because the job is not done. We're not at 2%. So he's probably going to keep raising rates. I hope he doesn't. But it looks like he will. What do you think, girl? Well, I'm going to try to cover off the whole plethora of conversation that we all have had so far on one answer. Let's go. We're looking at the fact that Texas just passed regulations due to the fact that they'll no longer abide by city pass laws. They're only going to abide by state regulation, which is going to put more power into the state. Number one. Number two, that's going to create oil. Right? So we're going to have to start pumping our own oil. A new topic that just came out, which I don't think you got on your list today, was that BRICS actually confirmed the fact that Saudi Arabia and UAE is to join BRICS organization. And they'll be active as of next year. So that's two large oil producers. We're still going to have to be producing more oil as they continue to short the market. It's going to create more jobs. I think there's going to be more rate hikes here in the future. I mean, we have four more months left in this year. We're looking at potentially one more before Christmas. I'm going to call it by the end of October, right as everything starts to go good, right? Before the season. That way, they're not going to raise it. And they're going to say it's a blessing in disguise for Christmas on the holidays. So we got one more coming up this year. Then we'll have a two month or three month pause, right? So I'm going to call it in October, you know, because we have the September coming up for their CPI numbers. And then they'll either confirm it then or just hold off one more month and then actually activate it. But I think we've got one more coming this year and two more next year along with the delays of the spot ETFs. They're given large investors such as Big Farm and all those retailers time to actually get all their money in while the market is low before the hedge funders come in. And there's delays on it due to the fact that they can't deny it because they already figured out they lost that lawsuit. So we'll have to see where it goes from there. And I only see Bitcoin hitting a maximum of 40% up in by the end of October, raising it up to about 35%. That's going to be the max. I'm going to call it probably around 32 to 35 back in normal trading range for the second band, resistance band. Okay. That goes to my next question. And the next question is right here. The dollar is unlikely to lose global dominance soon, even as bricks expand. So this actually touches on what you just mentioned. You're talking about bricks. For those of you guys that don't know bricks, that's a new alliance with a new global currency that is not using the US dollar with Brazil, Russia, India, China and Saudi Arabia. Now there's other countries also involved. I believe there's over 40 countries and Earl just touched on that. This is interesting because I know you guys have talked about this and we're going to talk about this again. So I want to know what you think about this Nash Cowboy. Will the US dollar lose global dominance due to bricks or do you agree with this article that it's going to take a long time for that to happen? That's such a touchy one because I could honestly see it going both ways. There's a lot of countries involved with bricks now and they could de-dollarize us. I mean, if nobody wants to deal with the US dollar, then it's de-dollarized. However, will it affect us? Yeah. Well, as far as dominance goes, there's more powerful, more valuable dollars out there, the equate diner. To be honest, that's just an iffy one. I feel like we could lose our dominance. If I had to, I'd have to flip a coin on that one though. Okay. Blaze, what do you think? I already know your answer to this, but I'd love to hear it again. Nope, I don't think at all. I don't even think even close. And I know that Blaze from day one said that he doesn't believe that this is going to affect the US dollar. It's not going to. It's actually going to make us stronger. And that's essentially what Bank of New York, Mellon is actually saying in this article is that this is unlikely to lose global dominance soon, even as bricks expand. So that's pretty massive. I mean, I feel like... I think I feel like that's a pretty bold statement because let's say they use the wand, everybody starts using the wand, then America literally has to convert to the wand just to buy oil and study Arabia. So I think it could definitely affect us. What do you think, girl? What's your opinion on this? Okay. Well, there's many things that's going to play into this. You're looking at the fact that India just bought one billion barrels of oil from the UAE, which just now got approved. You're looking at Saudi Arabia just got approved. So you're looking at huge oil prices, huge oil companies coming in. The UK, US, and Germany came out today saying they're not worried about the alliances of other countries and they can have their own alliances no matter what. However, I do think that there's going to be impact with these countries already signing contracts like China just signed $546 billion contract with the UAE for oil in one. India paid it in their dominant currency. There's been rumors that they're not going to actually create a digital currency. However, they will continue to create the dollar that they're going to use. But right now they're currently using their own currency. And what that's essentially going to do is build up their own currencies and deflate how much currency that they actually have so that they can go ahead and pay back America and all these other companies that they have or countries, corporations, that they have all these loans through with the US currency. But that's going to hyperinflate the amount of liquidity that we actually have here in America. So it's going to potentially help us, but only if we can truly deflate the dollar. So it's definitely not going to help with our inflation. And I mean, that 2% is a bull face lie. We all know it's actually at 7% a year. So we're looking, you know, if we're 2% over, we're currently sitting at 9%, you know, but we're currently at 11. So we're going to be looking at the fall of the dollar on its own, not just the oil, but we have to truly deflate the value of... or deflate how much of the dollar we have in rotation. And that's only going to be done when we start getting it in and we actually start putting something to back the dollar rather than a never ending and never... Once we stop putting liquid liquidity behind it, shall we say, that can just move around the country once in the world. Once we actually get something stable to put it in behind, maybe BlackRock blesses us and gives us, you know, a trillion dollars in Bitcoin to invest our money in here in the U.S. and back our dollar off of it because gold only has 45 trillion dollars. Our deficit's over 38 trillion dollars. We're going to need a lot of something. You know, it's funny because Donald Trump has already come out saying that the U.S. dollar is already losing global dominance due to BRICS and nobody in America is doing anything about it. And one of the things that Trump has said is that when he becomes president, he's going to do everything he can to bring America back to being the standard as far as global currency. And every time I've traveled anywhere in the world, everybody wants that U.S. dollar. Everywhere I go, everyone wants that U.S. dollar. That's starting to change. That has to have an effect long-term, maybe not short-term, but it has to have an effect long-term on the currency. However, America is still, in my opinion, the most powerful country in the world by far. And if other countries don't want to use their dollar, I'm sure America can be creative and find ways to use their own dollar. I don't want to put anybody out there, but, you know, Brazil, Russia, India, China, and Saudi Arabia have full-in-year hacks out there that like to steal our money on the side and other crooks. Very high rates of them. So at the end of the day, if I'm money's nothing to them, they'll stop China stealing. We won't be losing so much money now, you know? I'm sorry I have to say like that, but it's true. Yeah, but we're looking at the highest GDP countries actually joining up with this. So we're looking at our highest growth potentials with foreign jobs actually leaving, and all of our jobs are going to be going over there, except for China, which we call uninvestable. But the big part is Stocktip 101, there's a big bank in Brazil that's been in operation for 11 years that the entire BRICS system is using. So if you want to do your own research, you can find that and potentially look at it. That's just less countries we have to donate to when they're in trouble too. So I mean at the end of the day, they want out, they ain't getting back in. Yeah, but the problem is our government doesn't do things like that. All right. They can get back in, trust me. We destroy a country. We're going to go digital. We're going to recover a lot of lost notes that we have in circulation. It's going to boost the value of the dollar again and we ain't going to settle for less. And we have our own reserves for oil. We have to be buying overseas. We can get it cheaper right on our own right now. But is America going to burn tokens? Are they going to burn the dollar to actually bring the value up? I mean, we have to look at what they can do right there. Yeah, they're going to burn unrecovered notes because whatever notes don't get recovered aren't in circulation. Yeah, but they're too busy printing an infinite amount of money. They're already looking for the debt ceiling extension right now. It's a very messy situation. And it takes me to my next topic. So my next topic is Robinhood. This is totally right at a different angle. But I want to know what you guys think about this because I just saw this news article. Robinhood is to buy back Sam Bankman Freed's stake from the U.S. government for $605 million. So my thing is this. If Robinhood buys this stake back from the U.S. government does that money go to those investors? Guys like Chris? Like is he going to get his money back? Where does this money go? What do you guys think about this when you hear about these types of things? Seems shady, right? Absolutely. We're like, what happens to the $605 million that Robinhood buys back of their own shares which I think this is great for Robinhood because that was the stake that Sam Bankman Freed and FTX had which the government seized. But now, Robinhood wants to buy that $605 worth $605 million worth of shares back. So what happens to that money? Where does it go? Nash Cowboy, what do you think about this? I don't think it's going to go back to the people. Obviously, our government just keeps getting us farther and farther in debt. They're going to keep every friggin penny of it. So, maybe return to the people? Yeah, absolutely. Of course. But will it? No. It just seems criminal. It seems criminal. How will people look at Robinhood then after this goes through? I don't know. Robinhood has been on the downwards for years. Let's be honest. They have been. I don't know what they're trying to pull. I think they're trying to get some kind of faith back in the people to invest in them again, but I don't know. I think that you're trying to get a hold of those shares so that they can control the stock more, have a nice block of stock which they can use to either raise more capital which will be more dilutive or they can literally just hold those shares so they're literally buying back stock which will take the price back up. I think that's essentially what they're thinking. But like you said, they've really struggled and I don't even know if Robinhood will be in business in the next few years the way they're going. But I'd love to hear, what do you think about this, Blaise? I think that's it. That's their way of making, trying to make up to the public about the big mess they've already created. But in my eyes, I think a lot of people are going to think it's another joke and they're just going to go shy more away from them. I think it's a bust plan. Nothing's going to be proven that they bought back anything. No monies are going to be seen by the public. Anybody who is invested. So it all could be words. That's all I care. How about you, Earl? What do you think about this? I think it's just a big front. Well, I think that Robinhood just wants their stakes back. Something that's potentially just been sitting there and earning. I don't think they're going to give it back to the people. I mean, it was never the people money. It was the San Benjamin Freeds. If people want their funds back, they have to go after San Benjamin, not after Robinhood or after a stake. Because that still belongs to Robinhood as a publicly shared. They're not going to just burn shares and devalue it. It ain't digitalized. It's not crypto. So until we get to layer 4 of crypto and securities actually start buying crypto to place their securities on the hash rate or base layer of Bitcoin, then we're going to be looking at situations like this that happens where in layer 4 there's a promissory where the blockchain is going to hold both people's funding. And if one screws up then the blockchain can pass the funds back and forth. But in this case it doesn't happen because the money's already gone. And that's why we need cryptocurrency and something strong like Bitcoin operating at 200 giga... What do you guys think? Do you guys think Robinhood is done? Do you guys think Robinhood even makes it 5 years? Or do you think Robinhood's done? No, I don't think they're good at all. I think they're done. I think 5 years is a push. I mean that's a tough one. Any of you guys use Robinhood? Bad decision. I actually have a few stocks on Robinhood but I need to remember to get them out of there. A couple hundred bucks. But yeah I think they're done pretty soon. I think they're in a lag. I'm getting the scariest people's name requesting money from Robinhood. Like donations. I remember when Robinhood went public they were the hottest things in Slice Breadman and nobody talks about Robinhood anymore. So it wasn't FTX, right? Yep. But Robinhood was like stocks on there crypto on there. You know what Rich, normally when you're a hot commodity you become a cold, cold spell. Yeah well these guys have definitely fallen from grace and this seems like a desperate last move to try to salvage something. But the way these guys are burning money they're burning more than 600 million a quarter. So the way these guys are burning money I don't know what 605 million is going to be able to do to help them because they're burning like whatever. These guys are just losing so much money. So I just don't know if they'll be able to turn it around. However, I did hear that Robinhood has one of the largest holdings of Bitcoin in the world. Did you guys hear that? They just secured it. That's right. Robinhood has one of the large, I think the fourth or third or fourth largest holdings of Bitcoin in the world. So that might save them because if the price of Bitcoin explodes that saves Robinhood. So we'll definitely keep our eye on that because when I heard how much they had I was shocked. I think they had over 100,000 Bitcoin. Oh wow. They have a ton of Bitcoin. Like a ton of Bitcoin. That's their customers' Bitcoin. It's not all theirs. A lot of it is their customers. That's the problem. But still we are holding one of the largest positions of Bitcoin in the world. I kind of hope they do go belly up just for the way they've treated customers. But, you know, FTX needs an exchange. And at the same time SHIBA swap, they're delaying that. So SHIBA needs a new swap or needs an exchange to base all their tokens off for their new blockchain. So let's see what goes from there. You know, get rid of the bad and end with the new and somebody's got to buy all that Bitcoin. Exactly. So this actually leads me to my next topic which is a very, very kind of like a sad topic. But it's a big topic in the crypto world. BitBoy Crypto, the face of BitBoy Crypto the guy who who took a small idea and turned it into a multi-million-dollar business empire has been kicked out of his own company. And they put out a press release on Twitter saying, this is last week, yesterday, this was on August 28th. Yesterday, BJ Investment Holdings the parent company of Hit Network took decisive legal action in removing Ben Armstrong from the company and specifically the BitBoy Crypto brand. Then it went on to say this difficult decision is accumulation of a prolonged effort to help Ben during his relapse into substance abuse as well as reconcile the emotional, physical and financial damage he has done to the employees of Hit Network and the BitBoy Crypto community. The BitSquad deserves better and we are going to get through this together. We wish him the best and regret that it has come to this and are hopeful for the future of BitBoy Crypto. What do you guys think about this? This is huge news in the crypto space. This is probably the biggest name in crypto in the world being kicked out of his own company. What do you think about this Nash Cowboy? I'm curious who's going to be the new face of it. How does that even work? How do you get removed from your own company to begin with? I don't understand that. I have a small construction company but I couldn't be kicked out of my position. I don't know how that works. This is him. This is the new face. This guy. Is that really the new face? Yeah. Apparently they kicked him out and then they started doing shows like Nothing Happened and this guy started becoming the new face and apparently he was one of the I guess he was in the behind the scenes he was one of the partners and apparently they have a bunch of partners involved in this brand. To save the company the new face. These guys have 1.4 million followers on YouTube. They have millions of followers on every single social media platform. Love to know what you think about this Blaze. What do you think happens next? It's simple. You get kicked out of your own company for all the shareholders to put their shares together and overpower your number. That's easy. We're going to back out or you're out. I don't think you'll ever have a chance to come to us. You won't have a chance to come to us. You'll have a chance to come to us either way. He's getting paid and he I'm sure he made an agreement somewhere or another. So I heard you say something about it was over substance abuse. I was watching something I just caught a glimpse of it. I don't know too in-depth of it. I know he had like an affair on his wife or something like that He was talking public about it, too. Yeah, he was talking public about it. And I thought that's what it was over. But evidently, there were substance abuse, too. There's a whole bunch of problems. Bro, apparently there's been paper stories of his gambling addiction. He lost, like, $800,000 on gambling with professional gamblers. He was cheating on his wife. There was substance abuse issues. So there's a long list of issues here. And they obviously felt like they had to make a move to remove him because he was doing more damage than good. Well, he could pull at Donald Trump, get more fame up and get him picked on. He could reopen and go rape by them guys if he wants to. He's a face. Well, he made a video on their channel with his wife talking about it all. And I shared it in our group chat, and it blew my mind. I was like, I had to watch it because I wanted to see it. Bro, if they didn't pay him on the side, there's a big loss who would come in and he's going to win. Yeah, I mean, it's going to get messy, man, because it's a big brand, like a huge brand. They're working with Steak. And like I said, everywhere on social media they have millions of followers. He's literally the number one brand in crypto in the world as far as size of audience. So it's a big audience. And there is going to be some serious things that are going to happen here. So we're going to definitely follow this story because I think it's going to be an interesting one. We never want to knock someone when they're down. I don't like this story. I don't like hearing someone that has worked hard to build his brand as being removed from the brand. But it's definitely a big story in crypto, so we definitely need to talk about it. And I'd love to hear what you think about this, Earl. No, you don't. No, you don't. No, you don't. I think if you're stupid enough to listen to BitBoy, you're stupid enough to listen to Sam Bankman-Freed, one of the each of the same. I mean, how many times are you going to lose your money? Yeah, it's true. And like I said, I don't listen to BitBoy crypto for really anything. I was never a fan of his anyways. He always kind of annoyed me. But I still don't wish this on anyone. He never want to wish someone who's going through marital troubles and having problems with their family because of everybody's having. Because we don't know the whole story, you know? Yeah, but I mean, when you run a blogging channel versus an actual investment channel, you're going to introduce too many people into your private life. And this is what you're going to reap from it, especially when you spiral out of control or use the fame gets to your head, which is what's happened now. So I mean, he's got to wake up, get a smell of life. And it's going to be hard for him. But he's going to have to start from scratch because there ain't no coming back once you leave. I mean, you might be the water boy at BitBoy. Yeah, it's going to be tough for him to definitely get back in there with these guys because they've already made their decision. In the tweets that they've already taken legal action against him. And I mean, he's just going against it. So he's coming out with the cheating stuff so he could potentially sue him for defamation by the end of it. I mean, let's look at the reality. I mean, it don't take a genius to figure that out. He actually admitted to the cheating. So how can you say it's defamation? Well, he's admitting to the cheating, however, not to the substance abuse. You know what I mean? Correct. So the substance abuse is the defamation charge. OK, I hear you. Bill Clinton, he was a president. He still got supporters. Yeah, you're right. I mean, we live in a crazy world. It's like people go to jail. They come out as heroes, you know? We've seen it. Well, look at Martha's. There's a lot of people that. Martha's pure ghost of jail comes out and gets even more popular. There's more. The only cause she has Snoop Dogg with her. Snoop Dogg thinks she's cool. That's his honey. Yeah, yeah, jail, man. Especially made hash brownies with it. I mean, come on. Weed brownies. That's how it is. More alternative people out there than there is people trying to go buy the book. We're running out of time. We've got 12 minutes left. I only got a couple more topics. So let's go through it. NVIDIA. NVIDIA has been one of the biggest and best stocks of the year. It's been an absolute monster. And I don't know if you guys are aware of NVIDIA, but the symbol is NVIDIA in the stock market. They're up from, in the last year, they were at $100. They're sitting just under $500 now. So this is a stock that's gone up about 400% in a year. And I want to show you guys this. I don't know if you can see this, but their revenue growth has been outstanding. Their revenue growth has grown exponentially. And they are now doing $13 billion a quarter, which means they've gone up in revenue by 101% in a year. So while most companies are struggling and companies are shrinking, NVIDIA's company is blowing up and their revenues have more than doubled in a year. They're now up to $13 billion in revenue and they've guided for $16 billion next quarter. And this is a company that has become rich by making chips, AI chips, artificial intelligence chips. This is what's making them rich, artificial intelligence chips. So I'd love to know what you guys think. Is AI the greatest single company in the world right now? NVIDIA, when it comes to artificial intelligence, is this a stock that you guys would be interested in buying? Does it continue to go higher? Or does NVIDIA go down from here? Because this is one of the greatest AI stories of 2023. What do you think, Nash? I think it'll definitely go up more. I don't purchase many stocks myself, but I'm definitely looking at it, but I'm waiting for a solid dip, because what goes up must come down. I mean, let's say every stock does, every crypto does. So I'm waiting for a pretty substantial dip before I try and get in. And hopefully I don't mess up by doing that. But I definitely think it could, it can, I mean, I think it could get $1,000. That's my personal point. I agree with you, just on hype alone. I mean, this is what it looks like, but people don't understand what NVIDIA does. NVIDIA is the single greatest chip maker in the world. Everybody wants their chips because they have AI chips, including the A100 and the H100. And the company is reportedly struggling to keep up in the wake of such massive demand. That's their biggest problem. They can't make chips fast enough. Everybody wants their chips for graphic cards and their AI chips are the best in the world. They have AI chips. Can you believe this? They are literally leading the world. And in a world where artificial intelligence is everywhere, this has become the biggest player in the world. What do you think about this, Blaze? Does this company continue to go higher? Yeah, I think it could, I think it could quad up again. You know, I think it could hit at least 2000. I mean, crazy. They got the muscle in the crowd, bro. And supply and demand is getting crazy. And they were doing $6 billion last year. Now they're doing $13 billion. And next quarter, they're going to do $16 billion. So they're growing faster than any other company. Right. So the $16 billion will bring them to about $2,000 a share. They're probably going to end up splitting their shares eventually. And, you know, they're the monster, man. And, you know, just like any other company, they're the first ones out there that got this kind of technology that is, they're the biggest one, you know? So people like bigger, better, more productive, and especially in my eyes, if they're having a high time pumping them out, that's something I want to invest because they have a high time making them because they're not having a high time selling them. You know what I mean? So that's a good investment. They're reminding me of Tesla, the way these guys are growing, the way that they're exploding, the way that the stock is doing. It's like the Tesla of last year. Like Tesla had that year last year, where they just kept going up. And now it's NVIDIA, but it's earned. I mean, they had 100 bucks above at one point. Higher, higher, higher. Revenue keeps growing. And in a market where, like I said, many companies are shrinking, this is a company that keeps growing. Earl, what do you think about NVIDIA? Well, I came unprepared for this subject. Let's see if I can pull something out of my hat. NVIDIA is based on a Taiwan, number one. You have China right next to it that wants all satellite technology and chip processing from over there. They're not investing their money over here anymore. Where do you think that money's going? Number two, NVIDIA has been beating the pants off of Intel for the past 10 years and it has the government of contract. Their threat counts within their processors are astronomical all the way up to 500 threads, right? And so they've been building networks, hubs, routers, servers, everything. So as more companies become technology-driven, right? We're looking at the fact that they're going to need these higher processor speeds and the higher threat counts and Intel's not gonna cover the buck anymore. I don't care how much baloney garbage the old man that can't even walk straight, feed you from the White House, Intel is not going to make it here in the U.S. When you have NVIDIA outperforming you by billions of freaking dollars and other foreign countries looking at digitalizing and mining as they open things up. So when you can put in these bots, as the biggest problem within NVIDIA is you have all these crypto people on there and they're immediately buying the chips and cards as soon as they come out and selling them at a higher price to the first come, first serve basis, right? So they also been trying to come out with the uncrackable. So an un-code breaking. So when they start implementing the AI, that's the only thing that's gonna help them but in the same end is gonna bite them because when you look at an AI cracking all your codes versus a human is no hands down but we're trying to get to the next step of quantum processing, right? Quantum processing and we can only get there with higher thread count processors and when Intel is still stuck on an Intel 4 processor and an i9 processor, it don't pass the buck even how sharp you get the image if you ain't pulling the resolution and if you ain't staying cool, you're gonna overheat every time. I'm glad NVIDIA finally fixed their 12-cord issue that they had for their T4 cord that plugged into the power supply where it was overheating and made out of plastic and I'm glad they fixed that three years ago. So I see nothing but good things for them in the future. Did I freeze it? No, you're good. I definitely agree with it. If you lose sound rich. I see his hands moving. Trudeau got him again. Trudeau got him. The last five minutes, they got us again. Yep, I start talking about the old man and it just cracked. No, you have no sound rich, no sound. If we have one more topic, let's see Swift announced. Okay, yeah, we can go ahead and do that one. We'll go ahead and pull it out while your audio's down there, Rich. So we're looking to be looking at the fact that Swift has successfully integrated tokenizing swaps with Chainlink. That's been a high thing going on, especially with XRP and the ISO. What's your thoughts on that there, please? What's that? I'm not familiar with this topic for some reason. Okay, what's your thoughts on that, Nash? This is a Swift announced as successful and so small tokenization experiment using Chainlink's DCNP. Okay, so I don't know. I feel like anything that XRP is involved in is gonna do well. Anything wrapped around the ISO 20022 project is gonna do well. Who knows? I don't know a whole lot about Chainlink, but I mean, I'm in on all that stuff though. I mean, I've bought Chainlink, I've hold some Chainlink. If that's what that's talking about. But I really haven't researched that one enough to even speak on it. Okay, so Chainlink is pretty much a ledger technology, the same as XRP for digitalizing assets and moving through the Swift banking system, per se. You have your different ledger technologies, you have Quant, which holds the majority of the oracles, and then you have XRP that feeds into it and you also have Chainlink. Chainlink went ahead and has been working with Swift banking to cut down on cost with communicating with Quant. But the thing is is that they were working a demonstration with Australia, right? And they transferred $3, which means they had to buy three links and then transfer the links and then cash it out on the other side in Gweeney, whatever that is. Chainlink's working with Quant then. They all communicate, it's not that they work, it's that they communicate together. They communicate. So something's going through Quant's over ledger system. It is an overhead, it is an over ledger itself. However, Quant is the one that holds all the oracles that can communicate with multiple blockchains. Okay, so think of Quant in the middle, XRP's over here, Chainlink's down here. Yeah, Chainlink's down. The only thing that feeds into this is that even while they've been slowly rolling out and working with Swift here, is that the holdings, right? For the people holding over a year, X actually dropped 3.6% versus let's look at Cardano, which is up over 170% for long-term holders on the Chainlink technology. But when we're looking at companies that are working with Swift, like XRP was supposed to have been six years ago, and there has been no financial movement on the token itself besides a little bit down due to the Bitcoin drops, I mean, they're still holding stable. We're still sitting at a ground level pretty much and ready for a pump. But I mean, with many holders leaving, we might be in for a slight, you know, a little bit less, but I still think the strong backers are there. And if they continue, and if they do get implemented into the Swift, contracting, Swift will have a good way of communicating cross-border in their operability and across blockchains with digital transactions, costing less and continuing to go through the quant and its Oracle system. And I think that pretty much sums it up. I don't think Rich has any sound here. So... Rich is ready to go. I gave him a single signal to wave whenever he's done something. All right. So... Take care, Rich. Everybody, have a good day. Thank you for joining us, Rich TV Live. Make sure y'all follow, follow Nash, follow Blaze, follow Rich TV over here and we'll see y'all next time and we're gonna go to the outro.