 Great welcome digital asset news to get top stories in crypto and break them down into bite-sized pieces today Just as the thumbnail suggests There's a nice little annual report that came out from Tesla and surprise They didn't do too much with Bitcoin and actuality. They are holders So we'll take a look at the actual report and see what's going on and Begin to that also we'll take a look at China CBDC Domination and what's going on in the Winter Olympics right now because guess what? China is thumping America and also we'll take a look at two Two stories that really bring home What's going on in the crypto digital asset space? Which is there's a house up for sale right now in florida and it's going to be done and concluded tomorrow As an nft and finally we'll figure we'll finish up with a little story from about portugal and diddy from the bitcoin family She hand transakara and how portugal you pay 0% of taxes and just what that would mean for people who actually want to move there So we'll go through all those things and then lastly we'll do a little q&a So hold your questions till the end that helps tremendously And before we do all that let's jump into today's well the market itself and Just you know if you're watching this live obviously there's no time stamps But if you're watching the recording there'll be time stamps below so you can skip ahead and do whatever you want to do Also, the news takes about 10 or 15 minutes This one might take a bit longer because we have more stories But at the end is the q&a which could go 15 20 25 minutes depending on the amount of questions So break that up as you see fit, but you're welcome to leave at any time All right, so let's jump into it and see what we've got for two day Well first let's take a look at the market and surprise. We're above 2 trillion. I went to bed Around 1.9 trillion woke up and we make some money and that's how it's done as an investor I like these parts because I don't have to do anything. I just go to bed I wake up and sometimes My portfolio is looking pretty good. Sometimes not so much, but today's a good day. Let's celebrate Bitcoin's up 2.6 It ends up 2.4 But look at those seven day numbers 12 and a half percent 18 percent And some people were saying this was a trap and it very well could be I mean we could crash tomorrow Nobody knows nobody knows So if you were a dollar cost averaging and doing things Now it's the time to make that decision Do you want to let it ride or do you want to take some profits? And that's up to you because I'm not a financial advisor This is just investment opinion But for me probably take a little bit of profits on the way up dollar cost average and dollar cost average out Don't come crying to me If the market falls apart Because guess what it's pretty volatile. All right. Binance coin up 3.4 anything big xrp Up 15 percent I know that will make my Make the xrp army happy and maybe there's something going on. I'm not aware of Uh, but 15 and 24 hours a pretty big jump 30 percent almost in a week And it's looking pretty good shiba inu. Congratulations. You guys for holding 23 percent man. That's massive And then off we go phantom almost 10 percent 7 percent 5 percent so nine What nine percent for a theorem classic someone explained to me why a theorem classic Pumped up because and someone explained to me why a theorem classic is still around just asking the question I have no idea and uh, right now. We're at uh, it's 10 a.m. Here in Guainavo, Puerto Rico. That means the markets aren't open, but uh, expect I'm hoping to expect some good things, but who knows I mean look yesterday It was a pretty pretty good day for the s and p 500 or not yesterday friday, excuse me and the markets are going to take another What have we got? Yeah, another 30 minutes or so. So we'll see I don't know what's happening, but uh tesla like we uh We're talking about a beginning is looking pretty good. So This was the annual report just came out february 8th And some things that I think we had all suspected and knew because there wasn't much a chatter about them selling And we could read all this stuff. I I link this in the description. You can read it all It's fascinating, but uh, let's just break it down Into uh, some of the more easier things. Let me there we go Here's the stuff I highlighted and it's kind of hard to see because it can't blow it up too much more Let me just read it to you. There's three sentences. Essentially I'll talk about and it states in the first quarter of 2021. We tesla invest in an aggregate of 1.5 billion in bitcoin. Wow We believe in the long-term potential digital assets both as an investment and also as a liquid alternative to cash I like to hear that that sounds pretty good. Now. Let's go down a little bit During the year ended december 31st. We recorded 101 million of impairment losses We also realized gains of 128 million In connection with selling a portion of our holdings in march 2021. So hey that happens I told you they'd sell of course they're going to sell but they hold a lot more so i'm pretty happy about that and then This is the big one this one sentence just sums it all up in the first quarter of 2021. We invested 1.5 billion And the fair market value of our bitcoin holdings As of december 31st 2021 Was 1.99 billion. So you made 500 million dollars and you didn't do anything. Well, I mean, well You bought into the volatility. I mean you were brave enough to hold it. So just imagine that so right now Why is this important? Well, it's not really super important. Let's just be honest. It's just not but In the future when we have different Corporations institutions looking at it and going hmm. Well, we're sitting on a pile of cash just with uh This is what michael sailor talks about all the time melting cash Just sitting on blocks and blocks of ice and it's just melting underneath you because of inflation So you can just let it sit there in your treasury, which is fine. Everybody needs a little bit of money to sit on right? But if you could allocate, I don't know one two three five percent into bitcoin a lot of these institutions look at much tesla did in a super Volatile year. I mean we lost 50 50 percent Uh and from november all the way to uh end of december and that's no joke But here they are they had 1.5 billion 500 million dollars didn't do anything. That's a pretty good thing and if you don't have to do uh anything for that I think institutions might sit up and take notice and actually maybe to invest Let me just think about that in the comment section. Uh, you're gonna hear a lot about that story today Let's move on to our next piece, which I think is even more telling china So china china china Debutes the digital yuan at winter olympics So if you're not aware the winter olympics are going on right now and if you're not aware, it's okay because this is one of the lowest rated Winter olympics or olympics It might the last 25 years that was by nielsen ratings And why is nobody watching? I don't know no one seems to care. I guess but uh, that's not the story The story is what's going on with all those athletes and all those reporters and all those people That are flooding into china to either compete Or to talk about or to train or to write posts or to be press And what do they do when they get there? Well, they have the opportunity to download an app and start using this thing called a digital yuan So just so you know digital yuan trials which have been ongoing domestically since 2019 We're introduced to athletes and foreign visitors on thursday as a means to pay for goods inside the olympic village Alongside visa payments and cash. So first of all if it was me, I don't think I would download an A monetary app from china to start to spend different things using the digital yuan now. I believe that there was A couple of congressmen and women who warned against the athletes actually doing this I'm not for sure if they actually put a ban on the american athletes from doing it But from what I understand a lot of athletes are downloading these apps and using the digital yuan So what does that mean? Well, that means that it's a pretty good tracking software And if they don't think that that it's tracking they're out of their mind and you have to understand a lot of people don't Care about that right? How many times have your friends and families and loved ones just download the facebook app? Like whatever it's facebook I don't care and they don't really they don't realize the fact that they're being watched and surveyed and everything else And everything's being tracked by crazy So take that from facebook and american company extrapolate that over to china And now they have the information that you have or they have For all your spending habits. Is that a good process? Well for china potentially. I think it could be but this Is just amazing to me. It's actually going on. But there's a catch so the trial CBDC's digital yuan follows china recently announced a list of 164 national blockchain entities To join domestic retail CBDC tests. I'm like, hey, that's pretty cool China is uh, you know really letting loose and they're they're getting the blockchain and crypto now I mean they are they aren't because china People's republic of china communist country And the government is in lockstep with most all businesses over there That's just how it is and this is an article that just came out nine hours ago. China is kicking off A Intensive blockchain trial in beijing remember there's a difference between blockchain Crypto and digital assets blockchain in beijing shanghai and other major cities just months after reiterates its ban on digital currencies trial will involve 164 entities in various sectors ranging from law enforcement and taxation to equity markets and education So all these different sectors as far as business they're able to do whatever they want to do with blockchain But it's all owned by the government and that's where it comes down to And then in a letter penned by the senator treasurer secretary janet yellen and secretary of state anthony blinkin on wednesday senator tumi Ask polymaker policymakers to closely examine beijing's cbdc rollout During the games and to provide his office with a briefing analysts have raised the ecny's potential to subvert us sanctions Facilitate illicit money flows Enhanced china's surveillance capabilities and provide beijing with first mover advantages such as setting standards and cross-border digital payments That is a perfect example Of why the u.s. Government the bite administration came out and labeled crypto as a national security threat This was just on january 28 and the reason is is because of places just like china Like i said, they're crushing us in the rollout rush is doing the same exact thing america seems to drag its feet for whatever reason I said there was two sectors that you have to conquer to rule the world essentially well military obviously the first one Next one is digital assets and cryptocurrencies and the last one is artificial intelligence. You nail those three You're the next superpower for the next millennia. Let me just think about that in the comment section dangerous times Let's move on to our next piece next to last I thought it was interesting A florida home check this out a florida home is to be sold as an nft Uh as a dow as they seeks a beller mega mansion And it's this is going to lead us into our next story about ditty and why i'm over to portugal So on february 8th Which is tomorrow, right? What's the date today the seventh? A home in uh gulf port will be auctioned as an nft according to the homeowner leslie ali sandra It will be the first us based real estate sale to auction a home In nft form and it's going to be run by a company called proppy a firm that sold michael errington's flat If you're taking a look at proppy, uh, the website is proppy dot com That's it and uh, this could be the new big thing of how you sell Your homes, but it sounds weird. It sounds weird. It sounds like it could be done But i think there's some things that need to be put in place but anyhow ali sandra person is doing this insists that the nft allows the owners to sell the home As quickly as a venmo transfer So i think to myself i'm like well, how does that going to work as far as like real estate agents because real estate agents They get three percent cut for everything that they sell right that is the seller and the buyer So there's six percent right at the top for the homeowner and yeah, that sucks for you But i mean people got to work right and people got to show and people want to figure it out Or be able to find it So if you're doing like nft and there's a there's a website or even web three place We can go to look for all your properties. Why do you need a real estate agent? Well, there's all the jobs gone right there and the next question I have is how do they record the sale? Uh to the government not to the government, but to the county So you have the deed to where you have it. I know people will say well, robber's on the blockchain It's right there and it's it's a meetable. Yes, that's true But how is that locked in to with the county because you know, they don't have the technology for that I even know that we can say yes, I own that because right now in the blockchain and it's immutable. We can't change everything else So yeah, that's it. I just wonder how they did that To make that all legal So the nft will also feature a mural crafted by a local artist Notice st. Payne's that's pretty cool. You can actually sell your house and then have like little add-ons and things like that Maybe there's like a little bit of utility moving forward and if you think about it, maybe if you could sell it You could sell it to uh multiple people all at once And then if you want to do like short-term rentals you can say hey, we have it as an nft And we have five ten people you guys want to buy it. That's fine Now you own it now you can do whatever you want with it as far as like setting it up for Like short-term rentals and then you ten people's but it's there's a lot of different things you can do It's just it's just figuring out the exact way to do it. I think it's a great A great idea. So to finish this up quickly There's this was interesting There's another project called the one dow which plans to leverage a decentralized autonomous organization or a dow to purchase The infamous home called the one in bel-air. There is the house looks like someplace. Tony stark would actually Live in that's crazy. And I think it's like I want to say this Home will provide dow members with a chance to stay at the mega mansion And as a member of the dow you'll be able to enjoy and stay in the one mega mansion With 21 bedrooms and two people per bedroom. Uh, the one can accommodate 15 000 plus dow members per year. Yeah, sure I mean if you want to you know Cram yourself in with a bunch of other people 21 people it'll be a hell of a party. I'll tell you that and uh that I think right there is the future And this is one of the things that we are talking about right now as far as like dows and buying up property Especially commercial property here in, uh, Puerto Rico. So commercial property here is like one dow It is great people don't tell me wrong a lot of houses that really are going too fast and uh, it's super Overbought right now. But the but commercial property Man, I gotta tell you if you could take these commercial properties here in Puerto Rico You can put them on as an empty people come in there and buy it You could have like 20 30 50 100 different people. They all buy it then you can You know fix it all up either do short-term rentals or for like like middle-income housing for long term Or you do something like that where you can do like just actual commercial Uh business and put people in there because a lot of people are moving over here You can do so many things with a dow the way it is the trick is setting it up in the right way Where it's not a security. So I'm interested in about that in the comment section That's what we're going through right now here in Puerto Rico And let's move on to our last piece and this is probably All the things we just talked about are interesting But this is probably the most the one that'll probably hit home with you as far as what to do And I kept it for last because it was the most interesting Uh, the bitcoin family friend of the show diddy, uh, they are they moved to portugal for a zero percent tax And there's did he's been in the show like two or three times. There's this And just so you know like people say well portugal is at a dangerous place is that uh And no in all honesty, this is this is what it is In 2021 portugal ranked fourth on the global peace index tops the list of best countries for expats portugal views crypto as a form of payment So as a cryptocurrency, which is what I was hoping America would do but they they look at his property That distinction is a game changer with respect to taxes capital gains resulting from crypto transactions such as caching out And crypto to crypto trades are not subject to personal income taxes Explain another friend of show she hand, which will be on the show. I think this week. Hey and before we go on Let me know if you want me to get diddy and she hand on the same time and talk about this Because I think it was fascinating what they what they both said and did but anyhow, let me know in the comment section This means and he goes on that similar to other fiat currencies gains from buying or selling crypto are not taxed It also means the crypto transactions are payments As well as the exchange of bitcoin for fiat Are not subject to that or value added tax like in the eu So I don't know where you're at but in america the capital gains tax is pretty hefty between 20 and 37 percent and then also each state has their own Additional capital gains tax. So if you're looking if you live in california, it's like 50 percent If it's short term plus the state it's pretty pretty pretty bad Uh, this is what diddy says if you're in crypto by providing by if you earn crypto by providing services in portugal You need to pay tax on those cryptos, but I don't earn anything at the moment So for me at zero percent tax Sure, diddy. Sure. You don't just kidding. You're probably For example, even though they don't own any property the diddies Tia tutu are still considered official residents of portugal unlike like in Puerto Rico To really concrete that x60 you really should buy Property it helps out so it can make the case that you actually live here. You're not like, you know evading taxes And unlike other crypto tax havens like Puerto Rico, they aren't required to spend a certain number of days in the country Let me read that one more time Unlike other crypto tax havens Like Puerto Rico, you're aren't required to spend a certain number of days in the country so Well, rob, why don't you just do that? Why don't you just move to portugal? Great question? I'll sum it up in this next piece There's a portugal's golden visa It's given to those who buy property and are investing a certain amount of money in the country It's roughly can then be whatever else it is. Maybe it's like a hundred thousand or more. I believe this is uh, This lady here is the owner of plan b Katie and anina and I'll I linked this article in the description And she's got a service called plan b where she does all the all the hard work and you pay her $20,000 for the legal fees So there you go But this is why we didn't move to portugal porch, Puerto Rico Is what we went to moving to Puerto Rico for the tax-free crypto life isn't so simple for The yanks americans if a taxpayer may As a green card as a u.s citizen or as a u.s resident the taxpayer owns u.s tax on any crypto gains They have no matter where the crypto or the taxpayers located This was uh from john feldhammer partner at law firm banker bots and a former irs senior litigator Probably knows this stuff It also doesn't matter if they are doodle citizens So if I get citizenship in portugal, but I retain my u.s citizenship Guess who guess who gets scrawed this guy because I still owe taxes in america When a u.s taxpayer expatriates they are generally subject to the exit tax Which is essentially a tax equal to what the taxpayer would be subject to If they sold all their property the day before they gave up their citizenship So if you were dollar cost averaging And he said I'm moving to portugal you can do that But guess what you got to pay an exit tax and guess what if you hold on to your To your citizenship you still got to pay it because america is one of the few places that do is that America So why didn't we do it? Well, we could have gone over there, but we still like to go back for family Friends and and things in america. So it all depends on what you want to do and especially with your whole The process of investing it all depends on whatever your goals because your goals aren't my goals So that's just another option to give to you and I'll be putting out that updated Puerto Rico video soon Hopefully this week and what I should do is give diddy and shihan on there to talk about everything. So everybody has Multiple layers and options. So that's it So let me think about that in the comment section and that concludes today for the news If you want to stick around for the q&a great, I love this part. I get to answer all your questions and We'll go from there. So, uh, yeah, if you're taking off. Thanks so much Thumbs up like and subscribe all that good stuff and let's get to the q&a stuff and here we go Let me trip this banner off. Hey, oh ah, all right Terry says the united states the united states essentially the only country with that exit tax. Yes america gotta love that uh, question any updates for storm x no, but uh simon Talked to me about doing some kind of uh poker tournament in vegas I would have loved to gone but because I have to be here in Puerto Rico for 183 days. I can't leave That's a bummer, but it is what it is Ah, I didn't know that berry says canna canada has exit tax Hmm i'll put that in my memory. All right Oh, man, what do you expect to be everdome listening tomorrow? So everdome I did a deep dive on everdome and you can check that out on dan clips I don't only I only do deep dives over on dan clips. This is just the news channel So everdome if you're a meta hero If you own meta hero, you should be getting some some tokens for everdome. I forgot the exact tokenomics of the airdrop But I think it should do well because it's already built in with everybody who has gone through the everdome process I mean never don't meta hero process and are going to get those tokens. So this is another Metaverse play and I like what's going on, but there's a lot of them So we'll see how it all works out, but I'm rooting for them. I am see how it goes Ooh, this is a great question. It's a great question. James Cooper says hey rob card starter for sunday swap. What happened? Why? I did this tweet because some people said that card starter sued sunday swap and there was a bunch of Files that were being put out and if you don't know Uh sunday swap is the decentralized exchange that's built on cardano. It's one of the first ones along with muesli swap. I think it's called And uh, there's this big, you know Stake pool operation going on or initial stake pool offering going on And when I heard when I saw this on my wise card starter suing sunday swap and it was a You know look like an official legal document and apparently apparently Allegedly, uh, there was some back and forth between sunday swap and card starter. They were gonna they were gonna give card starter A massive amount. I want it's over like a hundred I want to say a hundred million 250 million tokens of sunday swap for people who who held card starter tokens and the card starter said we're going to stop our process of bringing to light or bringing to offering Uh a decentralized exchange based on card starter and we'll let sunday swap do it and we'll roll our community into sunday swap Sunday swap apparently allegedly didn't pay out those Uh tokens There are sunday swap tokens to the card starter community. So everybody's super pissed off right now super and I was like So I don't know I I will tell you this i'm old enough to know there's two sides of the same story And i'm old enough to do a little bit of research and I actually looked into Uh, I think the southern district of california is where it is actually filed Ninth circuit i forgot and I went in there and I did a search and sure enough it's there and if you look over on uh on my, um Twitter account, you'll see the documents that I screenshotted and yes Card starter is suing sunday swap. So Uh, that's what's going on now People were pretty pissed off at me because I didn't immediately condemn sunday swap and I look It'll all come out in the wash. That's what The legal process is for there's this thing called discovery. So I can say anything I can say you know what? I'm the real Satoshi Nakamoto and uh, that's and I and all this bitcoin's mine. Okay Well, show us how that's true in discovery show us some documents and if you prove it Then you can have all the bitcoin whatever it is, right? So but that's not the case here So they have to go through the discovery process. They have to go back and forth for lawyers It's going to be super expensive. It's going to be it's going to draw be drawn out And if it does come to light That sunday swap isn't the wrong. I will condemn them I will condemn You know, that's not great to screw people over but again I'm old enough to know there's two sides to every story There's a lot of things to come out So sit back and wait And that's so that's I know it sucks for for the people like why want my money? Maybe there was something said in private. Maybe there's a document that says something completely different Remember, it's uh, sometimes it's the one side of the story and again if it is true, it's off Uh, but I will reserve judgment and even if I jumped on the bandwagon and started to to Condemn sun this up. What is that going to do for the holders? Not a damn thing so It all has to come through the courts if you really want to do it Uh offer to help out as far as like uh legal fees, I guess. I don't know So that's a great question. Maybe I'll do a video on that one But uh, I will tell you somebody asked me another question. There's another question that came up Will this affect Cardano's price? I I compare it to like this. Um, it's like when there's like a like a E. Coli Recall on salad lettuce right at walmart Well, that sucks for salad and of course that Produce and the ecosystem that is walmart will go down, right? But will the stock of walmart go down because there's E. Coli in this salad? No, you'll still go to walmart and buy a 12 pack of miller lights. At least I will and uh, so I think It's it's all about the ecosystem will cardona go down. It could be dragged down But in reality, it has it has nothing to do with cardano itself It's just one of those players is a liar That's what's up. All right. Hope that answered your question Facebook to zero. I don't think so but maybe I mean Ah Facebook Facebook could be the next myspace walmart really yes walmart Miller light. Yes, no When mullets here Thanks, man. Old news, bro Puerto Rico is in the render Olympics. Hey, Mike Oh, that reminds me. Um, we're gonna have the um Puerto Rico meetup, uh, Wednesday from five to seven at Dunbar's I will be posting that over on twitter It's a cool place and uh, the whole idea of these places big shout outs to biggie for helping me out with this one The idea was to get people together and go to like smaller chain restaurants and like, you know In the community and kind of bring people there And so we could you know spend our money at these restaurants and help people out And that's what it is instead of going to some super expensive hotel, which doesn't make any sense to me That helps double tree or whatever else is here. I don't know Uh, oh Another great question daniel says have you heard any updates on meld? No, but i'm gonna do a video about how you can stake meld So just so you know meld is Again, we did a video over on dan eclipse meld is the ability to take out loans And you only have to pay back the Interest not the actual principal So if you take out a hundred thousand and let's say it's at four percent So, you know, whatever whatever the interest is on that you want to pay back the interest and the principal gets paid back Because you're gonna put up crypto and they're going to uh yield farm it and it's going to pay I know it sounds crazy, but uh, the math does work out in some ways Sometimes not perfectly, but it has to it has to go through a whole process. So check out the video And uh, they just did an airdrop because they had a stake pool another Initial stake pool offering where you could delegate to to meld uh pools They would they would airdrop you meld, which was pretty great because it happened in four hours On the chrono blockchain worked out pretty well. And now you have the ability to Uh stake it and if you go to I'll show you right now Let me share my screen If you go to meld.com And you click on app up the right hand corner And then you have to create a whoo. Look at that meldata mattoch ether Then you have to uh, uh connect your nami wallet Hey There we go Which I just did I have almost half a million meld. Bam It was a good stake pool off and I got 107 dollars of data. Bam Uh And you can stake it and you go over here in this upper left hand corner And you can get six months or 12 months at six months you get 12 percent 12 months you get 15 I'm gonna go for six. I don't see the point of doing six more months for 15 percent. That's just me And I'm gonna go through this whole process How to like download the nami wallet do all those things and and you can stake it Uh and go from there. So great question And that's what's up Uh biggie says testing 43 again Biggie thanks for that uh the done bars. That's a good place. I we just went there yesterday The wings are great the hamburgers Julian almost 500k mil fml. Look man Here's the thing I didn't didn't always start like that remember remember where I was in 2017 2018 90 89 percent down in my whole portfolio dollar cost average Off we go. I actually know what's I just got a message from somebody who said Thanks for show telling me about dollar cost averaging with crypto. I started around 2018 when you did we just bought our house I have worked my entire life having got anywhere. Thanks for showing me how to invest Great. I was like, well, that's not investment advice, but I'm glad you did it I'm glad you learned from me and probably a bunch of other people. So just remember Wherever you are now first of all we're super early and it just takes time And again, I will tell you like in 2018 2019 I used to get really ticked off that people tell me I'll be okay because it's going to take some time It does it just takes time. You just have to be patient I know in this world we want everything right now, but if you just If you can weather the storm things usually work out Did you do a video on meld? Well, yes, I did be like water And uh, let me show you where it's at I'll show you how to find all these things Hey, there I am and I go to plus that news clips meld You're just how I find everything come too lazy to go through the back channel and there it is seven months ago. Jeez, Louise And there it is I'll link at the very end too for if you're watching the replay. Alrighty You know see a great show around. Do you think the u.s will follow the russia concerning crypto? No, because we're not a communist country, so we can't move that fast like on yesterday's video I talked about how the speed at which Russia moved to to legalize and to legislate and to approve crypto essentially uh It was amazing and of course it was it was a rhetorical question I said, why can't america do that? Well america can't do that because we don't have some dictator kind of Like putin that says hey do this and do this now Or I'll poison you. I don't know if that's true. That's just hearsay. That's a rumor. I don't know And so we can't do that So it just takes a little bit more time and then we have to get everybody on board and da da So that's the problem with sometimes that's a problem with Decentralization too is because you got to get everybody to agree and governance and things like that But in this place, we got to get people to agree to do it, but I got to tell you The big thing that stuck with me in the article was they said that russians Own 23 billion dollars worth of crypto and that was on the low end But then on another report it said that they think that it's actually $215 billion are owned by russians And what they were talking about was taxation and they said, you know what if we tax it the minimum is going to be 6% And that's just for transfers and And capital gains types of taxes 15% is the minimum for miners. So if you look at how much money is being sloshed around there is no way Not a chance that america would ban bitcoin they'll probably That's to be honest. They're not going to get it right in the beginning I have no faith in them in the legislatures and the people that actually govern policy Because they don't understand it. They're going to make some bad calls. Hopefully not too bad. You're going to have Cynthia Lummis from wyoming and to me come down like no, this is what we got to do. This is Don't be stupid. This is what this is how it works And hopefully they can reach into them and do it and they can minimize but you will see some regulation And uh, I think it'll be fine. Just give it's it's like a it's like a game, right? Just give me the damn rules so I can figure out how to work around those rules. That's it Joel's gonna quit. Rob. Do you have any? Oh This wasn't it. Do you have any pets? Yeah, I got two pets chewing Chloe two dogs Uh, Joel says i'm 60s. It's still worth for me to use iTrust, you know I don't here's the thing I'm not a cpa or someone who's uh, or any kind of should give any investment advice So Joel's gonna tell you is this It doesn't make sense to me if you're 60 to get a Roth IRA because it's all about tax reasons and things like that Although think of it this way Everybody's different But the whole thing with like here The reason why I got this thing in my upper left hand corner where it says open a crypto IRA There's a link in the description. I have used iTrust the whole thing is to put Your crypto into an IRA And not pay taxes on it and you can take it out whenever you well as as long as you're older than 59 and a half Which Joel is here. I'm just working through this. I'm not for sure So like if you bought bitcoin at what is it today? What would you say 43k? Okay, it's 43k Let's say it goes up to 100k, right? So that's you know, roughly 57 thousand dollars In profits, right in America if if you're going to sell this less than a year It's going to be around 33 percent somewhere around there depending on the state or if it's long-term capital gains around 21 But if you have in an IRA and you stick it in there There is zero percent cap gains on that Which is pretty awesome, right and then another thing is that within the IRA if you want to trade Like here's what some people told me they do. I don't do this is When the price of bitcoin like if things are really crashing like we saw 50 percent They will do all the trades in their in their iTrust IRA account and they'll sell their bitcoin for dollars And they'll let it sit until it goes down and then they'll buy it back up again And they got a ton of different cryptos over there. I mean they have like chain link They have ethereum They have mana the central and all those things and they just they do the trades And whatever they put it back into it. There's there's no capital gains tax Because it's within your IRA, which I thought was pretty cool. So That's it Joel What I tell you is don't listen to me because I don't know exactly every ins and outs talk the guys over at Itrust sit down with them That's what I did for 30 minutes on a virtual call with a real person and asking these questions because That's the only way to get things done. All right I'm in Portugal. Yeah Link so link to itrust. There's a link In the description of all the videos There's one for itrust There's one for masterworks if you're looking for fractional I share a fine art because I think it's a great hedge because guess what super rich people Don't care what the market does and they'll still buy it and I also have a playlist on real estate Of how we do things and how we buy stuff So there's a link underneath there and there's also a link for all those articles we just talked about In the middle part of the description. I put all the links for all the articles I talk about so you can find it easily And then you can say Rob's on a liar because he actually that's a real article That's what's uh Oh easy says Roth over 60 is free trades. Thanks. Okay Yeah, man. So look I've been playing taxes since I was 14 14 or 15 I had a job at that age and And I paid my taxes when I was in the military right years. I had to make squat. I didn't make anything in the military But you still got to pay and it just sucks Then you know the more you make the more the more they tax you so do I think that tax relief in the u.s It's up to you Because you don't have to deal with that. There's options for you You just got to you know, like here's an option for me in Puerto Rico There's also options for starting businesses. There's also options. And this is why like real estate so much is because the Uh depreciation of the asset meaning the house itself or the apartment or the condo or whatever else Is rolled over 30 years so you can take those depreciating assets and work those in against your Your taxes and it lowers your taxes. It's just it's like the simplest things of all time That's why everybody talks about real estate like it's so great. It's like magic But again, that's what it is Mastermind says do you miss nursing so in the military? I was two things. I was a combat. I was a medic Then I got a nursing so sick of being in the field. Do I miss nursing? No That's it. I missed management. That was fun Uh, we did I did a couple of home health care companies was in the management. Do I think that was an interesting Job, you know, I really miss it's working for kci, which is a wound back company. That was cool I used to go into the surgery centers and we used to take these it was medical grade sponges And we'd and we'd have these massive people with wounds like huge huge wounds. I know it's gross We'd stick them in there in these sponges in these wounds. We covered up with plastic connected to a device It was it was a negative pressure wound therapy and it would collapse everything. That was fun And that was it that other than that. I don't know Jason says Panama seems a good country And I think that's it Rob seems to have a lighter And we thank you Joel for stopping by and that's it guys. We've gone in 42 minutes. That's it for today. So look Uh, if you like today's video thumbs up and subscribe that always helps out tremendously I'm going to put up two videos right here. Uh, if you're watching the replay also don't I mean, obviously time cards So I'll put in the meld video because people were asking about that and then I'll put the one from yesterday which was the Russia and how they're going to how they've regulated everything so fast. So that's it. Appreciate it. Thanks so much See you on the next one. Adios