 Carpet said it best in the chats or he or she said things are getting pretty interesting Rob And I got to tell you things are getting very interesting and the real question comes down to are we seeing? potentially hyper bit coinization what the heck is that term what does it mean and what's going on and First of all welcome everybody to the Sunday livestream We just tried this once a week or so just to bring people together talk about crypto and see what the heck is going on I gotta tell you today on a Sunday pretty exciting day and If you haven't been paying attention to the news which I doubt very much because you are like me and Can't get enough information And you see stuff like this UBS to purchase credit Suisse and they'd fall out from US bank collapses before I go on Let me just tell everybody right now in some way shape or form Crypto is going to be blamed for the collapse. So just be ready for that They're going to blame on us because of for whatever reason it doesn't matter because we know the truth We know where things are going But this is interesting. So I found this quite remarkable That's Swiss Bank and a host of their banks, you know, of course have clapped We've seen we've seen Silvergate and signature and Silicon Valley Bank and first Republic and of course everything is the fault of crypto Of course has nothing has nothing to do with the Federal Reserve and the fact that they raised rates exponentially and They were caught in buying long-term treasuries and things like that and then they were just overextended and of course now that we live in a digital age People can do what's called a run on the bank. That has nothing to do with it It's just Bitcoin and crypto that is sarcasm. So with credit Swiss, here's what's going on This takeover was made possible with the support of the Swiss federal government The Swiss financial markets of supervisory authority or FINMA and the Swiss national bank and It wasn't just the national banks. It wasn't just the Swiss country at large credit credit Swiss received almost 54 billion last week from Swiss National Bank as part of those negotiations while a consortium of 11 massive US banks including Bank of America City group JP Morgan Chase and Wells Fargo agreed to provide 30 billion in funding for first Republic Bank Those four banks each agreed to contribute five billion dollars by Goldman Sachs and Morgan Stanley each agreed to give two and a half billion and BNY Mellon PNC Bank State Street truest and US Bank each agreed to give one billion dollars. Look I've got no problems with those guys coming in there and saying we got a bail everybody else out because you know if our little banks go Then the medium-sized banks go and then how far away are we from the big banks and of course if that happens And there's a global collapse, but it really comes down to this statement and what's going on with crypto This is Caitlyn Long. She's the founder and CEO of custodia bank in Wyoming, which they have a pretty good thing going on over there They want to do a fully reserved bank. We're not it's gonna be fraction reserve but they're going to back up every Denomination of dollar if for every dollar they're gonna have a dollar and eight cents but for some reason The government at large and the banking consortium just doesn't want them to succeed But she doesn't have a good point because the world is waking up to the fact that a bank deposit is an unsecured loan to a Leverage counterparty that the FDIC insurance fund Only has 128 billion. I did not know that that's quite low Total deposits in US commercial banks are 17.6 train. Let me read that one more time FDIC insurance, you know that insurance for all your deposits here in the United States up to $250,000 Which there's gonna get thrown out the window with Silicon Valley Bank It's just gonna be to infinity whatever you want, which is fine. I mean, that's I'm not saying that's wrong But when you have the FDIC insurance, you have 128 billion But the total deposit in the US is 17.6 trillion that means you're gonna have to say well Not just Silicon Valley Bank if there's more run on the bank because people are scared I don't know if you're like me, but I've heard from people I haven't heard from a long time going where should I put my money Because it's not even safe in the banks So we have this issue and this is coming up And Katelyn sums it up by saying money itself is a confidence game. It always has been so when everybody was Debating you remember all your friends and family who was debating and saying What is Bitcoin backed by because the dollar is backed by the full faith and government and faith of the government So we don't understand why you use Bitcoin and talk about Bitcoin Well, if you have no faith in the government, then everything starts to collapse And I think we may be seeing a piece of that I'm not saying that everybody's gonna start to use Bitcoin tomorrow and buy everything I'm just saying we're starting to see the cracks and if you want to look at like just a little bit of history of banks and what's going on there was a pretty good Video from breaking points and it talked about just the the bank practices. It's only about eight minutes long I linked in the description. You can check it out And it talks about how banks make these record profits and really what it comes down to is how banks have done it for so long is overdraft fees and it says that a Customer just one customer who's charged one non-sufficient fund fee per month Generates as much profitability for lenders As a person who maintains a $12,000 average balance So you have that you have people who don't like banks who don't trust banks And now we've got a collapse and a run in the bank because they're trying to they're just now figuring out that wait We'll wait you tell me that for if I give you a hundred dollars you lend out $98 And then when I go to the bank, you don't have it. Well, give me all my money now I think people are just waking up to that reality. So that's part of it And on top of that this comes down to the point of this video Hyper Bitcoinization, this is Balaji and He's got quite a following on Twitter seems to be really in the know for finance and he just made a bet That's Bitcoin will go to one million dollars in 90 days So there's multiple as a plethora of videos which talks about why he's doing it. What's going on But he makes a point he goes when the faith starts to erode essentially you start to see the price or every price or run on the banks and The prices of good services and everything else and especially the funds rate Starts a double and the time required for price to double and it breaks it down by the year and the country and Hungary It took 15 hours for price to double Zimbabwe 24 hours 24.7 hours you can still have the 1.4 and a this isn't like, you know in the 1800s This is a 1945 2007 China 1947 took five days Armenia 12 days China again 1943 15 days Poland 1923 Not like 23 Bulgaria 1997 it takes 17 days So what he's saying is is like this look if people aren't very trusting of the banks They don't know where to do things Maybe there's an opportunity for Bitcoin as he calls it hyper Bitcoinization And he believes that in 90 days it will go to a million dollars. I am not in that camp mind you Could it happen sure it's crypto anything that happened But that would be remarkable if it did and I'm not sure if it will be like the best thing in the world So that's actually happened. Could it happen? Sure. I don't know am I going to sell my My house and my kids and my kidney just to To pay for that. No, I'm not but if it does happen great And it's a great narrative and I like when people control that narrative So we'll see a little of pump or maybe we'll we'll see that 100,000 or whatever else I'm saying well, but it's interesting times, but there is one more point This is right above here from Nick Carter and he says look when and He says when regulators were busy Orchestrating a crackdown on every regulated crypto adjacent business Elizabeth Warren Well, she's on a regular bridge senator coming out and saying everything's the worst thing of all time FDIC coming down New York Attorney General and everybody else Fidelity ran towards the fire and turned on their full crypto products for all clients That just happened the deli came out and said look everybody everybody retail can now Purchase crypto they did that just last week They ran towards the fire and turn on their full crypto products for all clients despite continued harassment From her progressive lawmakers very proud and also Fidelity also received a letter from Congress I believed studying to not put Bitcoin into retirement accounts, and they said essentially Nice essentially what they said is we're not going to do what you say We're a private business Please leave us alone, and they just went ahead with it and now they do this again So Fidelity tip of the hat to you guys so great and what does this meant for the price of crypto and digital assets? Well, I think we all know because we're all checking the prices every 10 seconds. Don't tell me you don't It's looking good. I mean 28,000 28,000 24 hours is up 2.8 percent seven days almost 40 percent I got to tell you these the days that I'm happy That I talk about dollar-cost averaging You know if you went back and just would look at some charts and I that some people say well I knew it the whole time but for me I'm like I'm not that smart and I don't know when the next black swan event's gonna come So I just keep dollar-cost averaging for the next two or three years and able to go up Feeling pretty good today, but remember it's easy to buy The question then is when do you sell and what do you sell? I'm not talking just about Bitcoin I was talking with all coins and will they rally? Well, I have to tell you what has gone up mostly and Last 24 hours 2.8, but look at this seven-day Bitcoin 37.8 What has beaten Bitcoin in seven days now everything? Oh wrap Bitcoin. Okay. Sure. You got me on that just kidding But you can see that yes. Yes alts have done pretty well, but you got to give it up to the king Bitcoin dominance right now, of course, I'm using Ben site to talk about Bitcoin dominance, but Bitcoin dominance I mean we're looking at 46% and it was hovering around 40 not too long ago And if we include the stable coins or not include the stable coins the Bitcoin dominance is 52 52% for Bitcoin dominance. So again, I Buy all coins every day. I buy Bitcoin every day. I dollar-cost average. So I buy once a week but They'll have their run just right not right now and the reason why it's having its run because people know Bitcoin they trust Bitcoin the ones that are getting back into it because they're like, you know what? I don't know what's happening with my dollars in the bank But I can get behind this and then will it continue. I'm not for sure, but if we take a look at some indicators There's a summary I like I like taking a look at just the summary some kind of lazy sometimes But on the dashboard, you can see the price metrics on chain metrics and social metrics We're not overblown in any way shape or form for here. Does that mean that we can't go down tomorrow? That's what I'm saying But the things I like to take a look at is the outliers. So For price metrics, there's the Bitcoin Cowan corridor and this is what it is It's a function of the 20 week moving average The upper band is calculated by 20 20 move average times 16 times pi divided by square root and days The lower band is the same thing but divided by 100 and you can see that's in actuality The upper band is 46,000 lower band is 13 7 and we're kind of getting up there at 28.8 So not to say that it's it's overblown But it's something to be aware of well multiple I like this one because it takes a look at the supply side or for mining profitability and This is the daily issuance and USD for all the mind Bitcoin we can see that It's kind of going up. We're looking at 1.23 and you're gonna see that when things get overblown you're looking at threes for Gosh, what's this over here seven? That's ridiculous. So right now a little bit higher. I mean a lot higher than the 0.4 to 1.23 and Then there was one more I want to take a look at The supply and profit loss. So just so you know when more when there's more people who are in profit there's more of a chance for people to sell and Right now the people that are in profit right now all the people 72% are in profit and Some people say well Rob, I bought at the high. Well, you could but If you were delicate like I bought the high too a little bit But if you were a dollar cost averaging and buying at you know 15 7 and 16 and 17,000 because you know whatever it brings your cost basis down So right now a lot of people are in profit not spending losses. So what does that mean? It gets a little bit risky because people can start selling will they sell I think people are getting a little greedy and They're not doing so far Let's see risk levels Not overblown This was interesting the Fed total assets, you know, we're doing quantitative tightening Which I thought was pretty funny. They're tightening tightening and then all of a sudden like you know what? Things are going a little bit crazy. Let's start buying and now they're up 300 billion dollars. So that's Happening and when money supply is going down and to money supply is going down. But this one is the most interesting. I found Job openings, we know the unemployment rate went up a little bit. So everybody's happy But if you take a look at this the job openings and lay it over the S&P 500 It doesn't look like the exact same thing. Like look at this job openings when job openings go down S&P 500 goes down almost exactly For over here But but but but but and right now job openings are going down So S&P 500 a little bit down, but it also can be good because of the bank run So that's what I like about Ben sites. You can kind of you know, people talk about do your own research and research Well, how the hell do I do that? Well, let's use a site like that There's a sale going on there's a link in the description You also get 10% off with my link just saying you don't have to use it But you do get 10% off for the first month. All right, and that's that'll conclude today's show everybody. So look It's getting late. It's a sorry I was a busy day today and had a lot of things going on just a couple of things I want to make mention of for the upcoming part of this week First of all, there was a great. I love this post. This is from Crypto Cito from YouTube channel Crypto Cito and he says I arrived at Adam Dubai with my Lambos. I thought it was pretty funny And I said look if all crypto bros Can maintain their composure like this in the next rally. I'll be extremely happy Even if you can afford a Lambo like Cito here Just stay humble. It helps a lot of people and people don't hate us When we start to have like these massive riches because we've been dollar-cost Damaging during these crappy bear markets. So I just love this post and I want to give a shout out to him Also, thanks everybody showed up for to walk the shelter dogs today. Here we are in Louisa and me walking Bruce and Ricardo and Jessica for showing up and a bunch of other people. So thank you everybody and then lastly tomorrow We're gonna do a live stream because everybody's favorite time of the year is here taxes So I want to bring on everybody's favorite tax lawyer Jordan Bass and David Kemmerer and we're gonna answer all your questions and how to do your taxes and all that stuff So we've answered a lot of questions if it doesn't if it's not answered here in this video, which I will put in the description Then stop on by tomorrow I think we're gonna do this around one eastern time or maybe no, maybe ten eastern time and We'll go from there, but that's it for today. So look like today's video thumbs up like it subscribe all that good stuff And now let's get in the chat curious to see what everybody's doing how everybody's feeling about this Get a consensus turn on this light so my face isn't blasted and that's it you got to go take off But now let's get into the chat Not say twitty pie Some banks are more equal than others. Yeah, that's true Let me get the big four and those guys are more equal than the lower 20. So this is also true Bob Hawk. Thank you So Bix is 13k bitcoins on the card. I agree. This is crypto So like I know when people like safe. Well, you know hyper bit coinization one million ninety days that feels good and is it I don't know if it's truly possible to do that but What do I know I called for a hundred and fifty k Bitcoin last like totally wrong. I called for a 10k Ethereum. I Talked about how great Voyager and Celsius was that turned out to be not the truth. So don't listen to me RS is when Alaska Alaska Gold Rush that game just drops Well, the game didn't drop but the token generation event over a 10-set drop today I did a deep dive into it. But there was some incorrect information. So I need to update it But it looks like a solid project, you know It's a it's a not a play to earn game It's a win to earn game and they are built on polygon like everything else Oh, did you also hear about polygon got picked up by sales force? sales force sales force is a Customer Relationship Manager software that a lot of the Fortune 500 companies use a lot like when I was at KCI We use sales force And they're gonna allow people to tokenize and do some type of Loyalty points or loyalty rewards or something for their businesses That are within sales force. So I thought it was pretty interesting and it was like big big businesses So, you know, if it's built on polygon, hey, it's a pretty good deal XRP extreme rug pull Who knows I still have XRP Yeah, I don't know why is Max Kaiser and a bunch for this thing Bitcoin will peak 2023 than 2025 because they want it that way Take it with a grain of salt. I don't know. They don't know they'd like it to be. I don't know. Oh Yeah, Frank P says I read that Microsoft browser will offer a self custody of Bitcoin There was a developer who put on information which looked like Microsoft Edge the browser platform They're offering a wallet non custodial Which you can use for crypto. So yes, so Microsoft's done pretty good They bought chat GPT and they implemented that into Edge browser. Not everybody can use it right now, but it looks pretty fabulous and They're gonna do a crypto wallet. So things are look everybody thought that Once the crash happened with FTX everything a lot of people were saying well crypto is gonna go to zero and now we see all these I mean like Fidelity and all these big big companies BNY Mellon and BlackRock and You know everybody seems to Disney picking up polygon for an incubator program and I mean just look around There's a lot of things that are going on with with crypto and angel assets where It's just weird. It's like it's like the news when the news reports That I remember in 20 In a 2017 or 2018 MSNBC was talking about how great XRP was and And then it just like crashed like two or three weeks later And they didn't really talk about it and then in the last bull run in 2021 They were talking about how great crypto was and like they always talk about it at the peak And then it just falls off the face of the planet and now all the news Broadcast to talk about just how awful crypto and angel assets are and it starts to spike and The worst offender is Jim Kramer. I think like three Three weeks ago that guy's talking about everybody needs to sell their Bitcoin All right a month ago. He was talking about how great Silicon Valley Bank is like I don't know how the hell that guy has a job It's like him and the weatherman They're the only ones that can be wrong all the time and still have their job. It's amazing So Yes, good to be here What kind of news just some stuff Yeah, that's the thing that's the thing Gary is that it's tough to accumulate Well, it's not tough for us. Like if you're here right now, you've probably accumulated some point, right? I'm not worried about you guys the ones. I'm worried about here are the ones are gonna come You know if Bitcoin does shoot off the moon for some reason like we just talked about and so it's hitting all time Highs all the people that come in Those are the guys that I worry about because they're gonna follow in they're gonna buy at the peak in the top and everybody's gonna dump on him I think And that's when And there's a video in the link in the description of when I'm gonna sell my crypto 80% and once that happens This channel will go into hiding and tell the bear market Because I'm not gonna be responsible for that again people, you know hyping up everything or whatever else I'm just like hey We're you know, we're getting to a top I solds 80% and I'm not gonna sell everything but now it's up to you if you're here just like what Gary said I'm gonna be like look if you haven't accumulated now It's gonna be tough and there's even a And people like ah Rob How how can you say that? well Let me show you something and we talked about this numerous times The closer you get to the massive bear or the bull market the worse off you're gonna be As far as returns and the risk that you have in all honesty, so look at this we did this Last time but I just took I took five different cryptos and Historically speaking starting on January 1st 2018. So I'm a big believer in the four-year cycles and I said look if you invested A hundred dollars every seven days starting on January 1st 2018, right if you invested a hundred dollars if You would have sold at the top You would invested $20,000 and you would have had 146,000 which is like a it's like a 7x Congratulations, you did great because you start all the way over here, right? However if you would have done it in 20 All right fine in 2019 you would invested $15,000 and would have had about a hundred K, but it's still a six and a half X The hypothesis is this is if you get out of the the the truly brutal bear markets Kind of wait for things to settle it down And then you're still in the bear market and accumulate you can actually do pretty good but then as you get closer to The bull run if you started in 2020 you only had a forex You would invested 10,000 got 40,000 and if you would have gone on 2021 you would invested forty six hundred bucks and you only had a sixty seven eighty five or sixty seven fifty eight So it's only a one and a half X boo boring Ethereum same thing hundred bucks. Sorry January 1st. It'll be a sixteen X 17 acts in 2019 and 20 20 11 X and 20 21 You only want to double your money, which is still better than traditional markets Cardano Who is our in 2018 you with a 35 X 2019 39 X? Congratulations. You're a baller 2020 26 X but still pretty damn good and 2021 you only would have tripled which is awful So again the closer you get to these these these bull runs the worse off you are you Better for me Historically to invest when nobody wants to invest and it's trash and everybody hates talking about it And it's a bear brutal bear market. That's where all the profits are made and we see it historically However, I thought it was before whoops Dash assault not all these products are gonna come back dash was supposed to be awesome if beardies on if beardies here Sorry beardie No beardies EO sorry, but dash If you would if you would have invested on January 1st, 2018 for four years You only would have tripled your money. That's sad I mean, it's in crypto world and if you would have done that and in on salt You would still be down. So again, those are just examples that you take a look at and go maybe First of all not everything's going to make it and Second of all as time goes on my returns are lessened as I get into it This is what's what concerns me about the people who are gonna be FOMOing in towards the top It's a long answer for one question. Gary great question Know you're wrong. This is a huge bull trap could be I don't know. I do have these these sayings right here What's the very last rule What's the last rule Take profits. It's easy to it's easy to buy the dip, but it's hard to Take profits And I'm gonna do a video. You know what you should focus on Not how high it could go. I think what people should start focusing on is tracking their portfolio and seeing how much they're up. I Think that would help people like wow. I'm up, you know $50,000 That's pretty great. What Bitcoin could could double it means I could have a hundred thousand, but I'm not fifty thousand Maybe that's it or maybe people should just start thinking in Satoshi's maybe that's the way the next play Okay Jackal says yeah, hopefully fidelity will come around and all people to custody their assets. It's that it'll happen Don't know when but it'll happen some point Do you own any OMG up 45% now? I think I did use to own that like 20 When I was a degenerate buying a bunch of stuff my lungs are looking juicy be careful 38% with no retrace exactly Exactly Short the Fed by Bitcoin. That's a t-shirt waiting to happen. Oh Interesting Tom's diner. I'm in the UK and my bank Nat West has put a thousand pound daily limit Or five thousand a month to crypto it really or 5,000 a month the crypto exchange is staying they are doing this for my own protection Sorry, man, that sucks Hmm the coin the moon, okay got a run. That's good OMG of 55% We thought some privacy coins like Zcash. Ah, I used to own some Zcash. I don't have any more Monero I like that. I like Zcash and Monero sounds good Yeah, James very bullish on Solana very true Do you expect new lows coming this year for Bitcoin the market is squeezing will eventually pick one direction? Yeah, it's not I can tell you what I think is gonna happen. I never thought we'd reach an all-time high this year I always thought we'd go down. I thought we could hit 12 or 13 K I still believe that but it doesn't matter what I believe because I'm not a fortune teller So for me, it's very simple If it goes down, I really would like it to go down. I must be honest with you guys So if it goes down then all my You know my daily orders for Bitcoin and Ethereum and Cardano and Avalanche and polka dot and near and Chain link and bunch of other stuff. I get cheaper stuff and I know where we're going I think I know we're going over the next two or three years. So I'm ecstatic if it goes up I'll be honest with you. I'm not super excited about it because I'm like shoot I could have Really bought more but it's never gonna be enough, right? It's never gonna be enough. So I just look at it and Like I said, there's a video in the description of every video. I do It's called when I'm gonna sell 80% of my crypto. There's some indicators I'm gonna follow from now on and once those indicators hit that's it and I keep 20% which is way more than the majority of the population has so I'm good for me My goals aren't your goals, right? Yeah, Tom's got a point. It's the fact that money isn't My money isn't really my money and that's the thing that people don't understand about self-custody because they think if it's in the bank It's my money But people are slowly finding out and that's why like these bank runs are are a great wake-up lesson They're figuring out that hey that my money is not my money because when I went to the bank they couldn't give them money So what do I do? I can't do anything. I have to just hope that the government steps in if it doesn't while I'm screwed So then they'll think They'll think well, I'll just put it in cash and I'll stuff it on my mattress and you can do that Still kind of risky you could do that But I can guarantee you this if you go to any bank If more than 10% of people Go to their bank and ask their money. Sorry sir. We don't have sorry sir, ma'am. We don't have your money What do you mean? I'll have my money. Yeah, we don't care that much cash. You have to wait a week What's gonna happen in that week? Hopefully it's here and hopefully we're still solvent. So good luck That's it or they can figure out this thing called self like true self-custody Where you put on one of these these ledgers and they go to Dan teaches crypto calm the hundred percent free website where I show you how to do it and Under 20 minutes with all the different videos. I have there for just this far very simple There's like they're like three to five minutes break them all up bite-sized pieces all that stuff and they figure out that Wow, that's really my money and Then when when I pay for things if I need to pay for things I'm gonna send things for good services or whatever else. There's a finality to it and roughly 10 to 30 minutes. That's pretty awesome There's other ones that are faster, but you know Bitcoin so Once people figure that out Yeah, never like wow, this is like this is like gold except that I can pay people with it and not have heavy gold Tokens on me and get robbed Don't hate me Golden silver people I own golden silver, but I just got to tell you I Think it's a bit risky to Have gold medallions all over the place just saying Risk go your back are less good. How many years you're doing it. This is just a green screen. Don't pay no attention You guys overdosing and hope you I'm thinking Bitcoin raise your mind. MK has a point Let's be honest Let's be honest The chances of it going to a million aren't great But if it is hey, I'll be happy And I'll take a dive into my green screen if that happens, but yeah, it makes a million sure But let's say it doesn't let's just say the narrative. So that's the thing, right? if this is a confidence game and We're putting out the information that they can go and could go to a million and people pick that up What does that mean people are going to get into? Bitcoin and another crypto and digital assets. Is that good for the space? mmm if they learn about The theory behind money and first currency Vers self-custody verse a Fraction reserve banking system and they understand the pros and cons then it's a victory if people are just getting into it So like well numbers go up like I did in 2017. That's not gonna help us Yeah, she says 30 K and drop off cliff. Who knows? Did you know Peter Schiff lives in Rio? Yeah, he's right down the street. I was just at his house Just kidding And I know Peter Schiff lives in Puerto Rico And I was bank didn't do too good though. Can you dance salsa? I can dance horribly. My wife is the real dancer If Bellagie scenario plays out and USD banks collapse, what is our counter move? When the US government inevitably attempts to band or and or confiscate bitcoin miss bitcoin is KYC linked aka a registry So, I mean people will talk about that and I'll also talk about how there was a run on gold in 20s or 30s, right? I can't always forget There was a confiscation of gold Could it happen sure it could happen the real thing though is this because yeah, there is a registry But they can only do that If that's even legal, I mean they could make it legal. That's only here in america so When the american government seized gold that mean that gold just went away. No, because it's only here in the united states It was a long time ago and now that we have everything as far as the global community hooked in together and e-commerce and everything else What's to say that you couldn't use a vpn and get bitcoin your own way It would take a hit But it would just take the air out the bag and then we'll just go to some other place I'm pretty sure korea would be very happy with that. I'm pretty sure russia will be ecstatic china not so much They have vigil you want and probably the european nations netherlands Africa for sure Probably canada maybe mexico. I'm sure they'd be very happy with that and go. Okay. Well, it's fine And then it would just roll on that's why you you can try to stop it But in this day and age very tough Hey, rob yes Drinking some beer for the bitcoin pump. Can you chill some world mobile for the audience? Sure So I own a lot of world mobile token. I own so much. I am a earth note operator I like World mobile I like mickey walkins and the team behind it because they are giving Telecommunications to people that don't have that and they've also It's actually a working product. They're doing it right now Tanzania and some different other places. They're rolling it out with these aerostats and you can use it in those areas and They're giving service to all those people Whereas it's be too expensive to give that to those people because the regular companies can't make it in So i'm a believer in that and especially if they partner up with starlink, which is things that i've heard so Um, that's about it. I'm not telling you to get into it. I'm just saying I like it Cricket says that really green screen. And why is it not your usual indoor pool? See they're all green screens like in a couple weeks I'm going to switch green screens. I'll be at the other green screen next week Gary says how save is it to post my public bitcoin totally safe I could post mine right now I could even post the qr code Send as much bitcoin as you possibly want the only thing is remember if you post your public bitcoin Uh address everybody can see what transactions you've done Which I don't know that's a problem for you or not Which is why I never understood the whole thing that's government and congress has said is that That's you know bitcoin and crypto digital assets are used for nefarious purposes and drug cartels and of course Terrorism terrorism It's not like george w bush for a second And I'm like that's the dumbest thing I've ever heard of I mean even the the the former head of the ci agency did a deep dive into it and said This is going to be a great forensic tool for nefarious purposes because we can track everything So for me just remember that they can track if you want to put your public address That's cool But just know that they can track whatever you want now for me. It doesn't really matter I could put it up and just go give me a bunch of bitcoin and that's it just don't give your private key That's a little different Robin says you've seen a lot of time thinking about crypto for having another job. I don't have another job I don't work for anybody work for myself. That's what's great about me. So For me, it's a couple and the jobs or the jobs the businesses run themselves because we we don't run them So the sports facility. I'll pass. So we have we have event managers that do that For the air bnb's we have property managers for that But the amazon business I have an assistant who helps me with that and then even for like this channel I've got a couple people that helped me. So they put it out. So I'm not I'm terminally unemployable since I stopped working for the people in 2015 Uh, I was an intake coordinator for home health and home health care company Med med plus And uh, yeah Stopped working there. I was like, I'm just doing my own thing. So yeah Charles can can says rob. What's the best way to locate a bank that has good odds of not needing to use fdic? You know, there's two tiers of banks Uh, you know, you have your Your small mom and pop bank. You've got your credit unions and you got the big guys Uh, you know, you've got the city banks And the chases and wells fargos and things like that Those are probably the ones that are going to absorb the smaller banks, which I don't really like but that's how it is So the big of the bank probably the safer you are. However, the safer you are Is probably be self-custody But I wouldn't me personally. I'm not going to put everything into bitcoin right now I still got to pay some bills and people don't take bitcoin everybody Bitcoin will call all coins. I doubt it I think there's going to be room like look Uh, bitcoin can't do everything Okay, so like I believe in web 3 gaming I believe that's going to be the future And I don't think bitcoin's going to be used primarily for nfts and And tokenization of assets and such like that now the bitcoin maximalists will say you bitcoin can do everything They just freaked out over ordinals So I don't really know if that's really true And then also remember this Lightning network is out there. We need to use that a lot more because when people keep using bitcoin more and more and more Uh, the cost of transactions go up speaking of which transactions Let's see how we're doing in the transaction fees Not too bad actually So there's a website Call bit info charts You take a look at the average transaction fee historically So when we top out Cheese Louise when we top out the last one was in uh November 2021 April 2021 somewhere November the average transaction fee at that point Geez 62 bucks or 60. Yeah 62.7. That's a lot of money. And then today how are we doing? $3 Is what it is however If you're doing transaction fees and like uh, say like a polygon pennies mere Practions of pennies h bar nothing So just be aware of that And just remember like that's every transaction. So good luck now with lighting. It's almost it's next to zippo. So That's it A good credit unit. Yeah Why do you believe in web of three gaming? It's good. It's because like this The most popular game out there is fortnite Right my grandson plays it loves it buys a lot of skins and weapons and Cargo and all this stuff and uses. Uh, what's it called v bucks or whatever it is? I'm all I don't know what it is it spends a lot on that and I think it came out in 2017 or 2018 And it was one is the first free-to-play game to make a billion dollars a billion dollars Free-to-play game how they do it people buying those things, right? so I was talking to my friend Jesus's son nick today matter of fact as we went over to walk the shelter ducks And I said can you sell those can you resell them? He's like no you can't resell them You know other games sometimes you can so I was like, why do you do that? He's like we just buy him and use him That's it. I go. Well, wouldn't be cooler if you could like I don't know buy a scan or a game and use it in another game Or sell it to somebody else Or upgrade it and not pay so much. They have be pretty cool It's like for me like when I take a look at like polygon-based games like again, so kishi Lastly gold rush and things like that if people can share and sell off their items I think that's the future Instead of just having everything locked in within one game now those games gonna go away not immediately I don't think but that's how I see things the problem is Is the gamers look at nfts? And I think we're gonna nickel and diamond to death because that's what they did at the other games Like damn it now I gotta I gotta buy this upgrade or I won't be able to compete in this game And I get killed all the time headshots, right Which I can totally understand and now We're telling them. Hey, there's these games with nfts and you can buy like screw you Here's gonna nickel and diamond of death. So it's getting that education and Figuring it out. I'm not a big gamer, but that's what I hear If one watch big gamers watch, uh, crypto stash. He's he's the guy that doesn't knows all this stuff Good day You know huge hit the likes Yeah, a non-dude is right. This is also another problem I think the cost of the gaming ideas are too high and it is stupid Who's gonna buy a $300 m2 to play a game? That's dumb That is dumb. It's dumb on that account and it's dumb on the the move to earn Stupid things. We're like, oh, you just got to buy this nft for like 50 bucks 500 bucks a thousand bucks and like To me That's gambling. Right. So if you want to play a game I think all games should be free to play first of all And if you want to upgrade and buy nft for five dollars or whatever it is Sure, you know be my guest and go all the way up to whatever it is like I know Was it fortnight? I think somebody sold a like a A skinned rifle for like $150,000 something crazy like that and they bought it on I think that's what it was Correct me or I'm wrong gamers But yeah, $300 for nft is kind of ridiculous You know, that's the base like that that's the floor. That's stupid I don't see the point in that I think people will get a lot farther just playing Those leisure games Very simple like look i'm gonna show you a website It's called pogo.com and it's a Silly little place where you can play these silly little games and it's like I think it's like a hundred bucks a year Or like 10 bucks a month and you don't get anything but You know, that's affordable and it kills people's time and they like to put my wife plays this all the time It's why I know about it and it's all these goofy little games And I asked her like, what do you get out of this? She's like tokens I'm like, oh, so like do you go to like an exchange and sell them? She's like, what are you talking about? No, I just get a bunch of tokens. I'm like, what do you do with them? She's like, I have a bunch of tokens And that's it And I'm like, I took a look at their Let's see if I can find it any I think it's called similar web Yeah, here it is traffic analytics and market share Total visits to that website is 13 million per month. I don't know if those are If those are unique visitors or not, but 13 million Let's just say you get a million people per month And they're paying 10 bucks a piece to pay to play those games Let me do some quick math It's 10 million bucks and I think that's where the money is so to answer your question. That's why I like web 3 gaming because you can do stuff like that and I'm more so Excited about the casual games Yeah, people love steppin Yeah, my wife's grandma played pogo. Yeah, exactly And boomer video games see Pogo is og Have you ever met james durger? I have never met them not in real life the only person I've ever met in This guy in coin bureau when I went to his event, which I'm gonna go back to again Let's see I think that's it guys God damn Sorry, it's already dark. I can't even see in here. All right, buddy. So I'm gonna wrap this up. That is it but Those are my thoughts and who knows what's gonna happen this week. It'll be interesting when The market opens up tomorrow and the banks open up tomorrow, especially with this credit swiss That just happened Which was Oh shoot It was march 19th So we'll see what happens when the banks open up tomorrow should be exciting But that's it for today So look like today's video thumbs up apparently to help with the algorithm Subscribe all that good stuff and I will see you guys on the next one. Enjoy your evening or day. Adios