In this episode of the Fresh & Fit Podcast, we are joined by Luke Belmar, CEO of Capital Club, a Digital Entrepreneur, a Bitcoiner, and a crypto-entrepreneur. Luke has been in the crypto space for a long time, and is one of the most influential people in the space. We talk about his journey, how he got started in crypto, and how he managed to survive the bear market. We also talk about how Bitcoin is no longer what it used to be, and why it's time for people to realize that Bitcoin is here to stay. Recorded in Los Angeles, CA! Subscribe to the Fresh and Fit Podcast on iTunes and leave us a review on Apple Podcasts. Have a question, suggestion or topic request? Hit us up at and we'll get back to you soon! Timestamps: 1:00 - What's up with Bitcoin? 4:30 - Bitcoin's future? 6:00 - Why Bitcoin is not a digital money 7:15 - How Bitcoin is a digital asset 8:20 - How much is Bitcoin worth 9:40 - What is Bitcoin's role in the financial system 11:15 12:30 13:40 14:20 15:00 Thoughts on Bitcoin s future 16:00 Bitcoin's impact on the world 17:00 What's the future of Bitcoin 18:00 The future of crypto? 19:00 BTC? 21: What are you looking at? 22:00 Is Bitcoin's place in the Bitcoin ecosystem? ? 23: Is Bitcoin s role in Bitcoin's value? 26:00 Cryptocurrency in the world? 27:00 Can Bitcoin really be a tokenized crypto-currencies in the 21st century? 25:00 Do you have a better chance of Bitcoin in the future ? ? 26:30 Does Bitcoin have a future in the next 5 years? 35:00 Does Bitcoin need to be more than Bitcoin in 2020? 30:00 How much money? 31:00 Are you going to get out of it? 32:00 Will Bitcoin better in the market? 33: Is there a better place? 36:00 Should Bitcoin be a better than Bitcoin? 35:30 Is Bitcoin better than $1,000? 37:00 Why is Bitcoin better?
00:03:07.000Especially off of the stuff that we've been talking about right before the show, which we might not be able to talk about on YouTube.
00:03:12.000But either way, rumble.com slash Fresh and Fit, where we can speak freely and you guys can hear everything that we're going to say.
00:03:17.000Also, CastleClub.tv is where you get all the behind-the-scenes stuff, whether it's me kicking out annoying-ass girls from CastleClub.tv, sorry, from the show, you know, hence why it's called Castle Club, or behind-the-scenes stuff, IRL streams, all that other stuff.
00:04:29.000So for everybody that survived the fucking bear market, congratulations to everybody out there.
00:04:35.000Yeah, built a phenomenal business online.
00:04:37.000Now founder and president of Capital Club, which is one of the largest, fastest-growing entrepreneurial networks in the world, and just making some content online.
00:04:46.000So we met a couple months ago at the Tate House.
00:05:37.000Bitcoin is no longer what it used to be, which was seen as some sort of internet scam money or something that would just be used in the black market.
00:05:45.000You said you bought your first BTC for $5.88.
00:08:24.000Yeah, I mean, in 1913, the banks got together, the heads of banks, J.P. Morgan, amongst others, and they decided to pass the Federal Reserve Act.
00:08:34.000Which gave the monetary power and the monetary policy to the Federal Reserve Banks.
00:08:38.000Previous to that, banking institutions were kind of split into states or into smaller kind of ecosystems, but they wanted to nationalize everything to control it.
00:08:48.000So people don't seem to understand because we're born into it.
00:08:52.000But when you begin to realize that globalized money markets and globalized banking systems are a new phenomenon, you begin to ask, well, what existed before?
00:09:01.000You know, peer-to-peer transactions, bartering systems, small communities.
00:09:05.000And you could really be able to know how your money was moving, who was finessing you, who was keeping record of the books cleanly.
00:09:14.000But nowadays, everything is so confusing.
00:09:17.000And the big thing that people are realizing is the fact that their purchasing power is going down.
00:09:23.000People work extremely hard, but they can't seem to get out of the rat race.
00:09:26.000They can't seem to be able to make more money.
00:09:28.000And as soon as they make more money, here comes the U.S. government and prints $6 trillion out of thin air, gives hundreds of billions to foreign governments, and we're here just left supposed to work a nine-to-five.
00:09:39.000We have our 401k retirement that doesn't end up really working.
00:09:43.000So a lot of people are running away from these things, and they're trying to find safe havens in other places, and one of them is Bitcoin.
00:09:51.000I mean, when the government's running around doing stupid stuff for money and giving it billions upon billions of dollars to Ukraine or Israel or whatever it may be, it's like you've got to take some of that back in your own hands and have your own financial independence because regular people can't even buy eggs or milk anymore.
00:10:03.000It's starting to get crazy where they can't even buy groceries.
00:10:46.000Allowed freedom to be expressed and shout out to the platforms that are allowing people to express alternative views that aren't necessarily mainstream.
00:10:54.000Like Rumble, you know, because like, yeah, they'll hit you with a misinformation thing if you talk about certain things immediately, you know.
00:11:01.000And, you know, people have always said, oh yeah, like Russia's nothing more than an economic gas station, etc.
00:11:05.000But that's just simply not true from people going over there.
00:11:41.000Real quick, so you said, okay, so you had a regular job in 2016, and you bought some Bitcoin, you took a chance, you bought, like, three Bitcoins, so $1,500 worth.
00:12:47.000From individuals that list their products on Amazon.
00:12:50.000You have Shopify, which took off as a multi-billion dollar company now, where people are now listing their products and selling them.
00:12:56.000You have dropshipping, which is basically your concept of arbitraging a product where you don't hold it and you sell it, and then you fulfill that order with the customer's money.
00:13:05.000So that became really popular for many years due to the fact that it's low cost.
00:13:10.000And now that Facebook and Instagram and TikTok rolled around, they give you access to advertising.
00:13:16.000So you can advertise products so people are scrolling and they're able to see an ad.
00:13:20.000If they like the product, they resonate with it, they buy it.
00:13:22.000You have multi-billion dollars companies popping out of thin air.
00:13:25.000You have the likes of Gymshark, for example, that we all know.
00:13:29.000I think they did over $500 million in revenue this last year.
00:13:42.000So you're able to scale and build real businesses online, and that's why I call it the digital gold rush.
00:13:48.000You literally have the possibility and the ability to partake, not just on the internet as a consumer, but as a producer, and being able to take advantage of where most people spend their time, which is on their phones.
00:13:59.000Most people aren't spending their time walking in malls, right?
00:14:05.000So you need to go to where the attention is.
00:14:07.000I always say where attention goes, money flows.
00:14:09.000So where the attention is, which is online, you can make money.
00:14:12.000So you just have to figure out what is of interest to people, find that niche, find that winning group of people that you would consider selling to, and just sell them something that is beneficial to them.
00:14:22.000Speaking of money, what is the best business you would say for this year to make money in?
00:14:33.000I think that that's a great possibility.
00:14:35.000I think social media is something that is changing.
00:14:40.000I think a couple years ago, a lot of people were bitches to the algorithm.
00:14:45.000They had to post X amount of times to get engagement, or they had their Facebook group or their Facebook page, but now we have- Now we have the whole scenario that's taking place with the short form content.
00:14:58.000And short form content just allows you to go viral in a way that isn't, you know, common.
00:15:03.000So people are just able to create content and then eventually monetize that through building a community.
00:15:18.000So there's a lot of people, you see fitness coaches, you see people that are consultants, and they monetize through selling a service online.
00:15:26.000So taking anything that's happening physically and selling it digitally, instead of having a retail store that sells clothing in the corner of a...
00:15:34.000Of a city, you basically just build an online store and you market.
00:16:23.000So a lot of these big institutions where we thought, hey, you can go and learn from these centralized institutions and get your degree and then get a job.
00:16:31.000People are realizing that it's not really all that.
00:16:34.000So there's a lot of info products taking place online, which I fully support.
00:16:37.000You have physical products, the selling of goods, and then you have services, people selling marketing services.
00:16:43.000You have people advertising on a Google ad, their plumbing service, their electrical services, whatever it may be.
00:16:51.000But The internet is here to stay, and the ability to be open 24-7 is what absolutely revolutionized everything.
00:16:58.000Yeah, and I think COVID made that even more important.
00:17:01.000And I would say, I was thinking about this as I was walking through the mall a couple days ago.
00:17:07.000We had a taco spot, that's pretty neat.
00:17:52.000So it's like, in my head, it's like...
00:17:54.000The only logical way to go from this point forward is to go online, especially to compete with places like Amazon or Shopify or whatever it may be, where it's open 24-7.
00:18:36.000And then you can kind of backward manufacture it where if you do well online, then open up a brick and mortar store in locations where there's a demand.
00:18:44.000But I think the old business model, opening up a brick and mortar store, kind of seeing how it goes, and then opening up an online store isn't the way to go anymore.
00:18:52.000I agree because you have proof of concept.
00:18:54.000Online, you have the ability to test so many different alternatives, so many different businesses, so many different niches till you find what works for you.
00:19:01.000You don't have to commit to that one business.
00:19:21.000And then they're able to kind of, because they have all that data where they can make an educated guess and decide where they're going to open up their first brick and mortar store.
00:19:27.000And you mentioned fitness people as well.
00:19:29.000I have friends in the industry, Brandon Carter, my boy Hakeem, where they started training people in person, but it was time consuming.
00:21:11.000And what took place was people began to absolutely price gouge on Amazon, for example, would be like your hand sanitizers and things like this product.
00:22:04.000Which was, in 2019, a new meta or new narrative came into crypto, which was called DeFi, Decentralized Finance.
00:22:10.000Where you basically don't have to go through a centralized exchange or you don't have to KYC. It's platforms that are built on layer ones or layer twos, the likes of Ethereum.
00:22:20.000You would build products on top of that.
00:22:22.000And there was something called Uniswap, which people use it nowadays to trade.
00:24:02.000People would buy the products and I would have my difference.
00:24:05.000And off of the difference, I would buy the supply and then ship it.
00:24:09.000And it was pretty good because then I would just order in bulk once you know the product is tested, ship it to the U.S., hold it there.
00:24:15.000For example, like in February, the Chinese New Year rolls around, so all the manufacturers are closed, so you have to order inventory ahead of time.
00:24:24.000And then once you're scaling, dropshipping no longer works because the factory has to keep up.
00:25:14.000And the thing that people don't seem to understand about crypto is that it's here to stay.
00:25:18.000It's literally here to stay because if you, right now- I just sent you a tweet on, on Telegram, by the way, pull it up real quick.
00:25:24.000You can literally right now go on your phone, download any of these DeFi wallets, backpack, Phantom, and within a couple minutes, anybody can be transacting the financial system.
00:25:35.000You don't have to KYC. You don't have to submit your ID. You don't have to wait for somebody to give you approval.
00:25:48.000It's unprecedented ever, ever, ever in history.
00:25:51.000And people are turning to that because they realize that the middleman is simply trying to control the narrative, not trying to protect you.
00:26:03.000He goes, prediction, a national government will be revealed this year to have been buying Bitcoin, the modern replacement for monetary gold, without having disclosed that fact publicly.
00:26:13.000And I find this very interesting as well because we know that a lot of these big banks that have always said, oh, crypto is a lie.
00:26:30.000They won't tell you that they've been buying crypto, but they've been buying it the whole time.
00:26:33.000If you can pull up Luke Belmar Medium, Predictions 2024, I actually predicted that governments would actually start beginning to add Bitcoin to their balance sheet because it's a safe haven.
00:26:48.000What if you are some European country that is still bound to the monetary policy of the United States?
00:26:54.000You have no control when the US dollar is going to print more money, or when the Fed's going to print more money, when they're going to print more US dollars.
00:26:59.000So you need to find safe havens, treasury bills, Are no longer really a safe haven.
00:27:04.000So you need to be in a situation where you kind of begin to limit the exposure that you have to the bad policy of governments.
00:27:14.000So imagine the US dollar can just continue to exist and the government can continue to print more dollars because they pay off their own debt by printing more money.
00:27:24.000But what if you don't have the ability to print more dollars?
00:27:34.000The only reason we're able to continue to print money and do the stupid shit that we're doing in the United States is because we are the reserve currency.
00:27:40.000Everyone does their deals in U.S. dollars for oil.
00:27:43.000But BRICS is trying to contest that right now with Russia, Brazil, many other countries coming together, trying to create another currency to topple the U.S. dollar.
00:27:52.000Gaddafi tried to do it actually where he wanted to unite all of Africa and they killed his ass.
00:28:23.000New countries begin conversations toward Bitcoin as legal tender.
00:28:26.000So right now we have El Salvador, which legalized Bitcoin as real money, which means anytime a sovereign nation legalizes tender, the IMF has to basically say, hey, this is money.
00:28:42.000So after El Salvador did it, Bitcoin has become real money.
00:28:46.000It's no longer a what if, it's no longer a maybe, it's here to stay.
00:28:59.000I do have crypto because I do believe in it, and I think it's the future.
00:29:01.000But, I mean, even as a traditional investor, whether you're a stock guy, you're an S&P 500 index fund guy, you want to be a real estate guy, precious metals, whatever it may be, I think everyone now at this point understands that if you don't have cryptocurrency in your investment portfolio, you're fucking up.
00:29:17.000Because it's probably one of the best...
00:30:45.000And Bitcoin is an attempt to kind of move away from that weaponization into sovereignty so that we can once again go back to bartering peer-to-peer.
00:30:54.000And the government obviously wants to get involved in that so they can collect their little bit and then also regulate it and be like, oh, well, we're going to take our cut.
00:31:02.000Because that's the only reason why they want to regulate it, is they want to get their money too.
00:31:05.000And think about it, not just them, but it's the banks.
00:31:08.000So, for example, think about the taxation process from the moment you buy a good till the end of the transaction.
00:31:49.000And Bitcoin, which is just kind of like the introductory to this entire ecosystem that is digital money, has allowed people to realize that you don't need banks.
00:31:59.000You just need technology that is fast enough, efficient enough, and trustworthy through code because you're trusting code.
00:32:11.000Not only that, I find it interesting how people trust the banks or whatever, and it's like, oh yeah, because they make money off of you putting money in there, and then as soon as you give them that money, they take it and they throw it somewhere else.
00:32:21.000They're giving it to someone that wants to invest it.
00:32:37.000Because, for example, let's say you had $100,000 worth of tokens or coins, you would just deposit that in the bank and the bank would give you a receipt.
00:32:46.000People began to transact this receipt as the proof of money.
00:32:50.000So the fiat currency that we see today is just proof that you have money.
00:32:56.000And the moment you deposit the money inside the bank account, it's no longer yours.
00:33:01.000That's what people don't seem to understand.
00:33:02.000If you look at the terms and conditions, that's why it's FDIC insured up to $250,000 because everything else is literally seen as you lending money to the bank.
00:33:12.000That's why you get 0.01% interest because it's a loan.
00:33:16.000And now the deposit is no longer seen as...
00:34:02.000They're going to shut that bank down to give you that, if they even have it there.
00:34:06.000You know, you will not be able to get that money out, you know, let's say you, oh, I gotta go buy a house or some shit, or I gotta buy a car, I gotta make a big purchase, whatever, and you have 50K in there, $100,000 in there, $20,000 in there, let's say $10,000.
00:34:18.000They're gonna ask you a bunch of questions, they might not be able to give you that money that day.
00:34:38.000If you got like 100K and you want to deposit in there, they're going to shut the bank down and ask you a bunch of questions.
00:34:42.000Well, add to that, look what happened in Canada with the truckers that basically said, hey, we're going to stand up because we actually don't like what the government is doing.
00:34:54.000And they started freezing bank accounts.
00:35:05.000He used to be part of something called Veritas, which is like a media company that kind of discloses certain things undercover.
00:35:14.000They just nuked an IRS agent from the Criminal Investigation Department, and he confessed that the Department of Justice actually has AI tracking all bank accounts right now.
00:37:11.000And for most people, listen, man, I get it.
00:37:13.000For guys, skincare is not a real thing.
00:37:14.000But listen, you want to look good, smell good, have that fresh look when you go on a date, just teach Hanley.
00:37:20.000Yeah, guys, if you're tired of having fucked up skin and looking like crap, go ahead and get some goddamn TJ Hanley, man, because a lot of you guys don't take care of yourselves.
00:37:26.000Your guys' teeth are dirty, your skin is dirty, it's all patched up, whatever it may be.
00:37:29.000We're going to talk about that probably from drinking tap water, right, Luke?
00:37:32.000So, yeah, man, if you want to keep that youthful glow looking good and everything else like that, man, make sure you take care of your skin, guys.
00:37:39.000Obviously, take care of your money, take care of your skin, take care of your health, and live long so that you can go ahead and invest in some goddamn crypto or whatever, maybe, so you can make some money.
00:37:47.000Use our link, 30% off, pinned in the comments, down below in the description box.
00:38:01.000So, here's the debate going on here, guys, like, secretly, where tap water versus bottled water, and Myron is of the opinion, tap water, Luke is of the opinion, bottled water.
00:38:17.000Yeah, I mean, tap water is another source of control.
00:38:21.000You have heavy metal toxicity that is found in the water, you have arsenic, you have fluoride, fluoridation in the water, all things designed to make people more docile.
00:38:34.000And when you begin to study history, you begin to realize that they control water, they control the food supply, and they use it as mechanisms to poison people.
00:38:43.000Anything that comes from the government and everything that is free should be questioned.
00:38:47.000And that's kind of the entire parameter that I kind of run it through.
00:38:50.000So you begin to look at pipes and the pipes that the water supply runs through, and they are pretty nasty.
00:38:57.000So if you have the ability to have clean water or at least have a reverse osmosis filtration system, do it.
00:39:28.000And for those that don't know, Flint, Michigan had a crisis a couple of years ago.
00:39:32.000They made a whole Netflix documentary on the water crisis over there.
00:39:37.000What's the best water to drink, Luke, from your research?
00:39:40.000And how would someone go about finding out if the water in the area is terrible?
00:39:43.000Yeah, you can probably run some sort of test.
00:39:46.000There's like some tap water companies that you just send some tests and it's like $50, $100.
00:39:51.000Or there's websites that tell you the quality of the water supply online.
00:39:54.000I wouldn't know the website off the top of my head.
00:39:56.000But if you have the ability to drink glass-bottled spring water that's fluoride-free, that is the best alternative.
00:40:03.000If you're unable to do that, get a reverse osmosis water filtration system that allows you to cleanse the water as much as possible from water.
00:40:12.000All these heavy metals and all these toxins that are clearly in there.
00:40:16.000I think it was either you or Nate showing me a chart of all the waters and pH levels.
00:40:22.000Dasani is just basically bottled tap water that's run by Coca-Cola and all these big manufacturing companies and Nestle and things of this nature.
00:40:31.000So I try to stay away from water because, I mean, we're comprised mostly of water.
00:40:35.000So if you can take care of your water, you take care of your health.
00:40:50.000Why do we have the highest levels of heart disease?
00:40:54.000Why are all the people in the United States just unhealthy in general compared to other places that have far less resources and far less food than we do?
00:42:17.000And a big thing right now, you probably remember the video from Alex Jones where he talked about the frogs are becoming gay, which is basically the feminization of the frogs.
00:42:29.000And that's what I believe is a cause for the feminization of men.
00:43:13.000It sounds like a conspiracy, but hey, at the end of the day, what I've come to realize is that if you do your research and you actually begin to investigate the source origin of a lot of these problems, it has to do with the public things that the government feeds you.
00:43:41.000I would say I have a pretty healthy lifestyle, so the tap water I don't think is going to kill me because I do everything else fairly good.
00:43:49.000But definitely I agree with you that if you can get away from tap water, you probably should because, yeah, the pipes are fucked up.
00:43:55.000And here's the other thing, too, so that you know that tap water is fucked up.
00:43:59.000I'll never forget, when I was living in Georgia for a while, in Glencoe, Georgia, when I was going to the academy there, and the water tasted really fucking bad.
00:44:07.000And then other places, you know, you'll go and drink tap water.
00:44:10.000There were some parts in Texas where I lived in, like, the water tasted bad.
00:46:44.000You want to give the people a summary since you brought it up anyway?
00:46:47.000Well, there's a new court document going around where Meek Mill and Usher were unofficially named in this document being with Diddy sexually.
00:47:37.000Yeah, Jacob Calloway goes, of all your current strongest held convictions, which one would you be least surprised to see you change your mind to the opposite?
00:48:29.000At the end of the day, nobody can really oppose the fact that we live in a society that is not really running at optimal levels.
00:48:37.000And if you want to run at optimal levels and beat your competition and be at the top 1% of operating humans, you're going to have to do things that the bots aren't willing to do.
00:48:46.000The bots like their seed oils, the bots like their tap water, and they always say, fuck the gym.
00:48:50.000And that's just basically the outcome of their life.
00:48:52.000So just do the opposite of what the average individual is doing and you'll probably live a better life.
00:48:57.000And the average person, guys, is fat as hell, doesn't have any money, doesn't have even $1,000 in savings, can't cover a $500 expense without going into debt.
00:49:07.000It's easier than ever to be better than average.
00:49:10.000And if you are in that situation, you can change.
00:49:12.000And that's the beauty of the internet is it proves to you that there are places where people are pushing you towards becoming a better version of yourself.
00:49:20.000So if you're fat, you can change that.
00:49:22.000As long as you recognize your current condition, don't lie to yourself.
00:49:25.000Don't wear that oversized hoodie, right?
00:49:27.000Look at yourself in the mirror and be like, hmm, I can actually change.
00:49:29.000That guy that's shredded with enough work, with enough dedication, I can be like that.
00:49:33.000If you feel lethargic because you continue eating McDonald's and you continue eating these seed oils, you can realize, hey, I can change my diet.
00:50:39.000Any suggestions for sourcing and when to go to the gym?
00:50:42.000Bro, if you're a brokie, don't even focus on girls, man.
00:50:45.000Like, a lot of you guys, man, are out here trying to get chicks and everything else like that, and you're fucking bums, and then you wonder why girls don't respect you or take you seriously.
00:50:54.000Like, get your money on point first, man.
00:50:56.000I mean, you can socialize here and there, but it absolutely should not be a priority.
00:51:00.000A lot of you guys put women as their priority, and that is why you're fucking broke and poor.
00:51:03.000I think everyone who was successful on some level took a break from girls to, I want to say, learn skills to acquire the wealth.
00:51:09.000But when you're free after working all that time, maybe.
00:52:50.000However, if a bunch of people say, yo, we want to see the person on and we bring them on, it's like, then if you don't like the person, just don't watch the episode, man.
00:52:56.000I never will understand the concept of, yo, I don't like this person, so let me go ahead and comment in, send a super chat in to say I don't like this person.
00:56:19.000He actually was exposed by his girl because he was talking to this woman when I was married, in London, by the way, and this guy's, sorry, she's married to this UK, like, rapper, so to speak, but she's cheating with apparently Slim Jimmy from the past.
00:56:35.000And even though, like, she's married to this guy, she's still talking to Slim Jimmy non-stop.
00:56:41.000So it's almost like he married her, took her on trips, gave her the world, retired her, basically, and she's still cheating on him.
00:56:48.000By the way, she messaged Slim Jimmy on Valentine's Day with her man.
00:58:35.000So when that takes place, once the Bitcoin narrative kind of calms down a little bit post-halving, altcoins tend to run.
00:58:42.000So you have your large caps, your medium caps, your small caps, and you have your meme coins, and then the cycle kind of shuffles back in and out.
00:58:49.000What do you predict is going to happen with Ethereum?
00:58:52.000Because one of my crypto buddies, you know, Charlie, shout out to him from, no, sorry, it was actually Miguel from Dollar Cost Crypto, hit me up and said, hey, how much Ethereum do you have?
00:59:01.000And I told him, and he was like, you need to get some more because this, exactly what you said.
00:59:06.000You mentioned the thing with BlackRock and then the ETF that is going to get approved for an ETF and he predicts it's going to shoot up.
00:59:12.000What do you think as far as like, what are we looking at for prices for Ethereum?
00:59:16.000Because I think Ethereum is- So you have, it's called the EVM. It's the Ethereum virtual machine.
00:59:23.000All these projects and products are built upon it.
01:02:05.000It costs money in order to mine a Bitcoin.
01:02:08.000Right now, I think it's about $45,000 or $47,000 to mine a Bitcoin.
01:02:12.000That's the energy cost that it takes to mine a Bitcoin.
01:02:17.000Yes, there's more than 21 million millionaires, and there are circulating supply for Bitcoin, considering what's left over off of everybody that's lost their tokens and stuff of this nature.
01:02:30.000Not everybody's going to be able to own a Bitcoin.
01:02:32.000So once we hit supply shock and not everybody is able to get their hands on, that's when people are going to start running to the doors to get some.
01:03:00.000Would you say it's a little too high for most people to get in and they should look elsewhere, maybe into Ethereum or Solana or one of these other alternative coins that have a bright future?
01:03:09.000Yeah, it's just understanding ecosystems and understanding where the narrative is.
01:03:13.000So you have narratives, which is long-term plays, and then you have trends.
01:03:16.000The trends are like people playing short-term trends.
01:03:48.000Are you just going to continue going to university?
01:03:50.000Getting a regular degree or you're gonna take advantage of the opportunity of a lifetime, which is the fact that AI, digital currencies, social media, making money online, building digital businesses isn't going anywhere.
01:04:03.000The internet has been around for 25 plus years.
01:04:14.000And the rumors in California were spreading to the East saying, hey, there's gold, there's gold, there's gold.
01:04:20.000People 20 years in were probably like, hey, once all the gold was mined or the gold, most of it was mined, oh, well, it's the end.
01:04:27.000Well, it wasn't the end because a 200-year gold industry was created from it.
01:04:30.000So a 200-year internet industry is being built and is being created from the birth of the internet, and we just happen to be lucky enough to be at the inception part of it, which comes with a lot of scams.
01:04:42.000It comes with a lot of risk, but no risk, no reward.
01:04:48.000I think, when in doubt, buy Ethereum, guys.
01:04:51.000I mean, Bitcoin might be a little too high for the average person to get in, but I think all of you guys should have enough money to get maybe one Ethereum, two Ethereum.
01:04:57.000You know, over the course of a year, you should be able to save up the money and get it instead of spending that money on some chick that doesn't like you.
01:05:02.000I mean, we've seen the time gap here has been pretty safe throughout everything.
01:05:07.000I mean, and if you can bear, I think the big thing is also what you mentioned at the top of the show is, you know, you need to be able to stick it out, right?
01:05:14.000Because people think, oh my God, I'm losing money.
01:05:16.000You don't lose money until you pull your money out.
01:05:29.000The thing I always tell people is one of the biggest scams of the U.S. dollar is thinking that one U.S. dollar has always been worth one U.S. dollar.
01:05:39.000In the 40s, you could buy a house for a couple thousand dollars.
01:05:42.000One, two years of work, working at a regular factory, you could buy a home.
01:07:53.000That means that they've stolen the value, initial value of your purchasing power.
01:07:58.000They've stolen the initial value of your time and they've just printed it.
01:08:01.000They do it through taxation and they do it through the printing of money.
01:08:05.000And once people wake up to this, especially if you're overseas, if you're in America, okay, I get it because we have the world reserve currency.
01:08:10.000But if you're overseas, you're just getting fucked.
01:09:16.000Knowing everything you guys know now, what advice would each of you give to somebody moving to MIA? Thanks, love the show and all the content.
01:09:22.000Actually, I'm really glad you brought this up.
01:09:24.000You mentioned state income taxes scam.
01:09:34.000You need to get to Texas, Florida, Nevada, I'm trying to think of another state, New Hampshire, somewhere that doesn't have state income tax.
01:12:22.000So be in a situation where you elevate your bank account.
01:12:26.000I was talking with a very successful entrepreneur in Singapore recently, and he said, the people that make money are the people that solve problems.
01:13:14.000A lot of people have an earning problem.
01:13:16.000The thing is that people say, I want to invest, I invest.
01:13:18.000You're never going to save yourself to being rich.
01:13:21.000You can invest yourself to being rich, but you're going to need some kind of capital to invest where you're actually able to get some type of return.
01:13:51.000You might not work nine to five, right?
01:13:53.000You kind of work your own hours depending on what type of legal, what kind of law you practice, etc.
01:13:57.000Because I know there's some lawyers that work all the time, but then there's other lawyers that don't do shit and they make a bunch of money.
01:14:07.000And what's interesting is I was listening to an interview by the owner of NVIDIA. And it's the biggest chip manufacturer of AI in the world.
01:14:19.000And he said the people that are going to absolutely benefit from AI are the people with trade jobs.
01:14:24.000What happens when the farmer begins utilizing AI to optimize their job?
01:14:28.000What happens when the plumber begins to use AI? What happens when the electrician or the construction worker begins to utilize AI? Because AI can't necessarily replace a lot of these things, so you can utilize them to get richer and to get ahead.
01:14:38.000So yeah, trade jobs are absolutely amazing, and you don't have to shell out a ton of money to some centralized institution in order to have people to get a job.
01:15:56.000Like, I understand I'm not part of the statistic, and I completely get it.
01:16:00.000But if you're in a situation where you have a trade skill, go from learning how to just doing the trade to becoming a business owner and managing people, and that's how you begin to multiply your money by utilizing other people's time and energy and giving them opportunity and taking a piece of it.
01:16:16.000And then for the guy that said they wanted to move to Miami, bro, if you want to move to Miami, Miami's cool, but I'm not going to lie to you, it's way more expensive than it used to be.
01:16:23.000So I would look at other places, maybe, you know, Fort Lauderdale, maybe somewhere in Broward County, et cetera, if you don't have that much capital because Miami's very expensive now.
01:18:42.000And once you guys begin to become financially literate and understanding how the world works, you begin to wake up at the fact that the government, institutions, banks are here to take your money.
01:19:30.000That's a really good book that teaches people how the printing scam takes place, how they're printing money out of thin air.
01:19:36.000And then I think the second one is The Creature of Jekyll Island, which is the history of the central bank formation and how they finessed the U.S. government into approving the Federal Reserve Act of 1913, which we all live under nowadays.
01:19:50.000I think what's scary is that it sounds very simple to do, but most people don't do it.
01:19:55.000And they want to know why they don't understand money, how to save money, how to invest money.
01:19:58.000And it's like, hold on, I wasn't taught this in school.
01:22:54.000369 goes, if I have no Bitcoin currently, would you recommend waiting until the halving in April before buying in, or should I look at other coins until then?
01:23:04.000Great show, FNF. Yeah, once again, it's all about financial literacy.
01:23:08.000If you're going to get in the markets, you can't depend on another person to give you advice on the markets.
01:23:12.000You need to get involved, understand the trends, the narratives, and realize that at the end of the day, you're responsible for the money that you invest.
01:23:20.000There was an opportunity last year for people to buy MetaStock, Shopify stock, all these stocks at undervalued prices, but they didn't take advantage of it.
01:23:29.000Don't be the last person holding the bag.
01:23:31.000You know, it's usually the brokies and the uneducated people buying the top.
01:23:56.000Cam2Times, question, there are a lot of distractions and different types of distractions for different people, but what do y'all think is the biggest distraction that's keeping people from being successful?
01:24:47.000I'm curious about your thought nowadays.
01:24:50.000My thing is, if you don't have any skills and you don't know what to do, you're 18 years old, fresh out of...
01:24:55.000Well, we're about to be on World War III. So I don't know if I can tell you guys to join right now.
01:25:00.000It used to be a fantastic way to get your masculinity up, get in shape, understand chain of command, understand how the world works, get free schooling.
01:25:08.000You get a bunch of skill sets for free and come out with some cash in your pocket.
01:26:44.000I mean, there's a bunch of military guys here that could probably comment on that, you know, that have talked about it, like how the Marines have changed, the Army have changed, super all-inclusive now, which I think is one of the worst things you could do when you have a military.
01:26:55.000The last thing you want to be is all-inclusive because when you're going to go in a fight to war, you want the fittest and the best with you.
01:27:00.000I think it's crazy that we even allow women in the military in combat positions.
01:28:46.000I'm not a fan of getting married in your 20s, but it is what it is.
01:28:49.000Some of you guys are religious and I get it.
01:28:51.000Hey Luke, thanks for changing my mind.
01:28:53.000But find me somewhere in the Bible or in these spiritual scriptures where it says that the government needs to sign off on you getting married.
01:29:17.000And then Ethan Chen goes, Luke, when selling products online, what are some of the ways to increase your product market fit before launching your store?
01:29:25.000What are some questions you would ask yourself when find product market fit?
01:29:29.000Yeah, so you need to understand the audience that you want to sell to before you sell a product, right?
01:29:35.000So you need to do some market research.
01:29:37.000If you're going to sell fitness products, you need to understand what caters to a fitness individual.
01:29:41.000You need to understand what are the triggers that make people buy.
01:30:11.000And then you have to appeal to that thing.
01:30:12.000So appeal to what they're trying to accomplish because it's an exchange of value, right?
01:30:16.000They're giving you money in exchange for you providing a good or a service.
01:30:20.000So what you need to do is be able to identify the individual, what is it that they want exactly, and be able to provide that value directly.
01:31:10.000Whatever money you're willing to put into the markets, understand that that money can be lost.
01:31:14.000So be in a situation where you're okay losing the money that you're putting in.
01:31:19.000The bull market is just getting started, but if you want high risk and high reward, you're going to have to find some other tokens that aren't Bitcoin.
01:31:28.000So maybe Ethereum, you have 90k saved.
01:31:32.000Yeah, maybe you can buy some ETH. You can buy two, three ETHs, sit on those for a couple years, and I think you'll be fine.
01:31:38.000But yeah, get your savings up as well.
01:31:40.000At the end of the day, you don't want to be investing in your life savings, and if you lose that money, you end up being fucked.
01:31:46.000So get your money up, get your savings up, and then start playing around with some of these alternative tokens in the market.
01:31:56.000People are talking a lot about investing and wanting to get in the markets and wanting to get rich quick, and that's just simply not how it works.
01:32:15.000We're sitting here at the table and we can talk about fucking slinging hundreds of thousands of dollars into the markets and stuff like that because we're not worried about whether that money is going to get lost or not because we can still make more money.
01:33:03.000So we've seen guys come and go in crypto.
01:33:05.000They'll get a lucky break, make a bunch of money, go party in the clubs, waste money on girls, get some yachts, and then they go broke.
01:33:13.000So if you're not really good with money, like Luke is saying here, you need to do the research, you need to do the actual study of money, you're going to lose it.
01:33:19.000So the big bang effect of winning money right now from crypto is not in your best interest unless you're well-versed in crypto itself.
01:34:41.000There's a good one as well, because I know a lot of people are interested in the stock market, but there's this book on the psychology of the traders called Reminiscence of a Stock Operator.
01:34:50.000It's a very old book, but it teaches you just the psychology of how to invest, and it's really good.
01:34:57.000So that was a hundred bucks, Don DeMarco.
01:35:00.000Another book is as good as Richest Man in Babylon.
01:38:18.000And I asked him, you know, is brokey a condition of the pocket or is it a condition of the mind?
01:38:24.000And Tristan was like, brokey is a condition of the mind because you can have money, but you can still act like a poor person.
01:38:33.000And you can still identify opportunity, but think that opportunity is not there.
01:38:37.000And you won't capitalize on the opportunity.
01:38:39.000So you need to become wealthy of the mind.
01:38:41.000You need to be able to identify opportunities, see opportunities, see that there's potential, and then that will change your current reality.
01:38:47.000If you can change your mind, you can change your fitness.
01:38:49.000If you change your mind, you can change your bank account.
01:38:51.000If you change your mind, you can change your relationships.
01:39:09.000Are any of you aware that the U.S. equity markets have adopted the idea of fractional reserve banking and you can give your take on a WFNF? Yeah, we talked about that earlier.
01:39:19.000Luke, do you practice any martial arts discipline?
01:39:21.000I know you practice flexibility every morning.
01:39:39.000No, he went incognito for six years and built this new training method called Flow 60, which is basically a new calisthenics body flow routine.
01:40:16.000So people that like to trade chip coins or like to do high-frequency trading or trade a lot, They partake in Solana or in chains that have low transaction fees.
01:40:29.000So Solana has a bright future because it stood the test of time with FTX and the whole FTX scam with Sandbank been freed.
01:44:51.000What is the best digital business to learn that will not die out with the changing world?
01:44:55.000I mean, he talked about e-commerce earlier.
01:44:56.000So, you know, that's something interesting.
01:44:58.000I was listening to an interview by Jeff Bezos.
01:45:02.000I think it's quite old, but he said, most people are focused on building businesses based off of what will change instead of focusing on what will never change.
01:45:12.000There's certain things that will never go out of style or out of business.
01:45:16.000If you want to build something long-term, you can build in that arena.
01:45:19.000When I started Capital Club, which is kind of my entrepreneurial ecosystem, it was based off of talking with one of the founders of OpenAI.
01:45:26.000And I was like, hey, should I do something in AI? He's like, no, no, too complicated.
01:46:56.000And then you're going to be in a situation where you can actually take advantage of the opportunities in the future.
01:47:00.000If you miss this boat, this train, don't worry.
01:47:02.000There's always going to be another opportunity.
01:47:03.000There's always going to be another bus ride.
01:47:06.000But you need to level up your game, got to level up your skill set, and don't utilize the little bit of money that you have right now thinking that you're going to get rich overnight.
01:47:14.000I hope people are listening to this shit, dude, because fuck, so many people are going to get burned thinking that they're going to have the lucky ticket to the million dollars, and that's just simply not the case.
01:47:24.000Protect the capital that you have, especially if that's the capital that you need to utilize to get yourself right.
01:47:32.000Luke, do you have a call-in portion of your show where I can get some advice in the next few days?
01:48:04.000DDG, I'm new in the area, so I'm building my clientele and cook on the side.
01:48:07.000Should I join the military and cut hair on the side and just use my VA loon to invest in real estate or invest in a mentor for my barber business now?
01:48:19.000I would say, bro, get a mentor and invest in your barber business now, man.
01:48:24.000Try to leave the military for the last resort because I don't want to be sending y'all to war to fight for another country, man, and you guys fucking die.
01:48:31.000And as far as barbering goes, a good mentor is Billionaire Barber on Instagram.
01:48:43.000I mean, wisdom and wisdom time and time again, Luke.
01:48:46.000And I like that you told the people that not everyone's going to be fortunate like you where, you know, you were able to make a play at a certain time, etc.
01:48:54.000Not everyone's going to have those opportunities.
01:49:44.000Build, figure out those things, and you can make some money, but getting rich overnight, getting rich quick is an illusion.
01:49:50.000It's a big illusion, and the internet, I know, sells it a lot, but I don't agree with it.
01:49:55.000Focus on building long-term skill sets, focus on building a network, focus on getting involved with high-level entrepreneurs, people that have done things prior, and I think you're one step closer to leveling up.
01:50:38.000Investing is a long-term play, but investing in yourself is the number one asset, the number one skill set, because you're always going to have yourself.
01:50:45.000You go bust, but if you have assets of skill sets and networks and developed a mindset for making money, you can make that money once again.
01:52:37.000You'd rather look at yourself in the mirror and be worth $500,000 and then look at yourself in the mirror and be proud versus looking at yourself in the mirror and being worth $500 million and knowing that you've done deplorable things to earn that money.