Fresh & Fit - Luke Belmar Talks Crypto Market Dip and What’s Coming Next

00:12:12.000 And we are live with Luke Belmar the Legend, guys.

00:12:14.000 Let's get into it.

00:12:15.000 Let's go.

00:12:48.000 I can try.

00:12:50.000 I'm gonna get away.

00:12:56.000 All right, we are live.

00:12:57.000 What's up, guys?

00:12:58.000 Welcome to the stream, man.

00:12:59.000 Sorry for the late, man.

00:13:00.000 We got Luke in the house.

00:13:01.000 It's funny Monday.

00:13:02.000 It's been a while.

00:13:03.000 How are you, boys?

00:13:04.000 Good, dude.

00:13:05.000 How are you?

00:13:05.000 Doing well.

00:13:06.000 Good to see you guys.

00:13:07.000 Yeah, it's been a minute.

00:13:08.000 So update us.

00:13:09.000 What's been new with you?

00:13:09.000 Where you been at?

00:13:10.000 Where you've been doing traveling the world?

00:13:12.000 Okay.

00:13:13.000 Enjoying freedom before they bring the next lockdown back in.

00:13:19.000 Yeah.

00:13:19.000 Seems inevitable.

00:13:20.000 Yeah, at this point, right?

00:13:21.000 Yeah.

00:13:22.000 It's like what's going on.

00:13:22.000 And I've always said, like, I think if anything ever happens again, it's going to be like a bio scare, just like it'll be, it'll be everything about your freedom being at compromise or at risk over protecting other people.

00:13:34.000 So just been traveling, looking for properties, places around the world where there are safe havens where you can actually build.

00:13:42.000 Because as you notice, nobody gets consequences here.

00:13:46.000 No consequence for anything.

00:13:47.000 So you begin to realize, like, hey, like, is the system in my favor?

00:13:51.000 And if the answer is no, then I'm going to go find my own thing.

00:13:54.000 Are you still in Puerto Rico or are you full-time in Puerto Rico?

00:13:58.000 0% capital gains tax, 4% income tax.

00:14:02.000 I've always told people the biggest expense is what you pay the feds.

00:14:05.000 Yeah.

00:14:06.000 And if you're able to finesse that, whether it's through real estate investment or whatever it is, I did it through Puerto Rico.

00:14:12.000 It's been good.

00:14:12.000 Yeah, Puerto Rico is a good.

00:14:13.000 If you're not like a real estate guy, Puerto Rico is probably the next best option for sure.

00:14:17.000 And you still got to, like, even if you do real estate, like, you got to really be in it to get like the tax benefits appropriately.

00:14:23.000 But so, so you've been traveling, hanging out, everything else like that.

00:14:29.000 Obviously, we've seen the crypto markets go kind of crazy.

00:14:31.000 Yeah, for sure.

00:14:32.000 With the, you know, potential war in Iran, issues all across the Middle East with Israel and what's going on in Gaza, Russia, Ukraine.

00:14:41.000 There's conflicts all over the place.

00:14:42.000 I'm sure that might have been played into it.

00:14:44.000 But I guess, you know, I'll kind of just turn it to you.

00:14:47.000 You guys give us an overview of where we are in the crypto markets.

00:14:50.000 How do we get here?

00:14:51.000 What do you foresee is, you know, the most probable outcome.

00:14:54.000 I know, obviously, nothing is 100% set in stone, but what's your estimate and your just general thoughts on the whole situation?

00:15:00.000 For sure.

00:15:00.000 So, first of all, for the viewers listening and why they should even listen to me in the first place, I've been in crypto since 2016, been buying Bitcoin since $588 when I was waiting tables.

00:15:11.000 So I've been in this space for a really long time.

00:15:14.000 At the point, it was only 2.5 Bitcoin, but that was my initiation into the space.

00:15:19.000 The bull run of 2017 rolled around, got into Cardano, Tron, all these new altcoins.

00:15:25.000 That was the ICO season.

00:15:27.000 2020 rolls around.

00:15:29.000 We buy Pudgy Penguins, which is the largest NFT company in the world.

00:15:33.000 We did over $40 million in retail revenue this year.

00:15:37.000 Launched token, multiple billion dollars, listed everywhere.

00:15:40.000 Really legit, incredible product.

00:15:43.000 And this bull run rolled around, which is we saw a lot.

00:15:48.000 After Trump got elected.

00:15:49.000 After Trump, right before kind of like you could see the pendulum swinging towards Trump winning.

00:15:56.000 I think Elon and all these guys endorsed him already knowing that he had secured his place.

00:16:04.000 That's why you see a lot of these guys move from New York or California down here and start getting close to Mar-a-Lago and all the fintech guys.

00:16:15.000 And you see David Sachs and you see all the guys from PayPal Mafia just kind of like here or Texas.

00:16:21.000 Correct.

00:16:21.000 And they're all kind of just grouped up.

00:16:23.000 So the bull run rolls around.

00:16:25.000 I think last time people can probably find out when I was here the last time for Money Mondays.

00:16:31.000 And I think Bitcoin was like $40,000 at the time.

00:16:34.000 Bitcoin went from $15,000 all the way to $120,000 in a straight rip over a span of 18 months.

00:16:41.000 And what we're seeing now is a natural correction in the markets.

00:16:44.000 The people that are concerned are the ones that this is a correction, bro.

00:16:47.000 It's a correction.

00:16:49.000 I think right now people are trying to get risk off assets.

00:16:52.000 Like we saw gold and silver and that just absolutely skyrocket.

00:16:56.000 That's just gold and silver repricing to what it actually is worth.

00:17:01.000 So if you saw your net worth go down in the last six months towards gold, that's your actual net worth.

00:17:08.000 Like gold is the hardest asset.

00:17:09.000 Gold is the realest version of money.

00:17:11.000 So if you were worth a million dollars in gold a year ago versus today, the purchasing power is completely different.

00:17:18.000 I think people are measuring their net worth in dollars.

00:17:20.000 But if you look at the most intelligent people in society and in the finance space, when civilization is at the brink of civil war and unrest, gold is the place where people store their money.

00:17:34.000 Bitcoin is a risk on asset.

00:17:36.000 They call it digital gold because they want to give it this marketing spin.

00:17:41.000 But the first thing that people want to get rid of isn't their blocks of gold.

00:17:44.000 It's the risk on asset.

00:17:46.000 And that has to do with the crypto markets.

00:17:48.000 So we're seeing a sell-off, natural sell-off.

00:17:52.000 We've seen how many times Bitcoin dropped 50, 60% over its years, many times.

00:17:57.000 It's all about dollar cost averaging.

00:17:59.000 Investing is not all about jumping all in super degen leverage. 1.00

00:18:03.000 That's how you lose your ass. 0.99

00:18:05.000 Every single day, dollar cost average into something you believe in. 1.00

00:18:09.000 If you're out here buying shit coins, you're going to lose your money. 0.99

00:18:11.000 And there's a season for it, right? 0.99

00:18:13.000 There was a season where you could snipe a meme coin and make $100,000.

00:18:17.000 We saw it.

00:18:18.000 Like we saw it in this own city.

00:18:20.000 Like, yeah, it was real.

00:18:21.000 We saw people make real money.

00:18:23.000 But nowadays, the market is different.

00:18:25.000 It's a little bit complicated.

00:18:26.000 You need to be investing, not trading this market.

00:18:30.000 And we see it with gold.

00:18:31.000 We saw it with silver.

00:18:32.000 Silver shoot up to 120 and drop back down to 80.

00:18:35.000 That's a big spread difference.

00:18:37.000 You need to be dollar cost averaging your way in and your way out.

00:18:40.000 That's interesting.

00:18:41.000 I've never heard someone really having crypto give precious metals its due diligence because a lot of people like kind of gloss over precious metals.

00:18:50.000 Like, oh, what am I?

00:18:51.000 70 years old.

00:18:52.000 You know, they laugh at the concept of gold or silver.

00:18:54.000 You know, they laugh at how inconvenient it is and how to trade with it is inconvenient because it's heavy.

00:18:59.000 You can't travel with it, right?

00:19:00.000 It doesn't have the same convenience as crypto.

00:19:02.000 So would you say like the only real, I don't want to say real asset because that sounds awful, but like the real like tangible asset that like you can actually like put your money's worth is you would say precious metals.

00:19:13.000 Like you said, I mean, back off that.

00:19:15.000 I wouldn't take my word for it.

00:19:16.000 If you look at the founder of USDT Tether, he right now has XAUD, which is the tethered version of gold on chain.

00:19:26.000 So what he's trying to do is he's created this loop where they're printing infinite USD through USDT, then putting it into digital gold and then running an entire loop. 0.98

00:19:39.000 They're going to run up the price of gold to $20,000 fucking dollars. 0.98

00:19:42.000 Watch, bro. 0.99

00:19:43.000 You think so?

00:19:43.000 100%.

00:19:44.000 Last I checked a couple of days ago is around $5,000.

00:19:47.000 A year ago, it was $3,000.

00:19:49.000 The biggest guys in the room are hoarding gold.

00:19:52.000 Everybody's running from the dollar.

00:19:55.000 It's so evident.

00:19:56.000 It's so obvious.

00:19:57.000 It's a political tool.

00:19:58.000 It's a financial weapon.

00:20:00.000 It's not good.

00:20:01.000 China doesn't like it.

00:20:02.000 China's treasury is holding U.S. treasuries at an all-time low since the Great Depression, not since the Great Depression, since the 2008 financial crisis.

00:20:11.000 All-time lows.

00:20:12.000 Nobody trusts America.

00:20:14.000 Yeah.

00:20:15.000 It's very straightforward.

00:20:16.000 It's exactly why we went in Venezuela.

00:20:19.000 Like, you know, people think it was all about the oil, oil, oil.

00:20:21.000 Yeah, that's a part of it.

00:20:22.000 But it was really like Venezuela de-dollarizing and, you know, using bricks.

00:20:28.000 And, you know, we've seen it before.

00:20:30.000 We saw it with Gaddafi.

00:20:32.000 We've seen it with the attempts of North Korea.

00:20:34.000 All you have to do is look at the countries that don't have central banks operated by the Rothschilds.

00:20:41.000 And you'll be able to see which are the next countries that are going to be targeted.

00:20:43.000 It's very straightforward.

00:20:44.000 Once you have all the monopolies set in place, then you can make everybody your slave.

00:20:48.000 I was literally with my buddy downstairs being like, isn't it crazy that we live in a world of fiat where everything is credit, everything is debt?

00:20:55.000 We're all debt slaves.

00:20:57.000 And for some reason, people think that they're rich. 0.95

00:20:59.000 But if you own equity in a company, a lawyer can do some bullshit, write some papers, take you to court, take your equity. 0.97

00:21:06.000 They can take your house. 0.98

00:21:07.000 They can take your money.

00:21:09.000 Your Bitcoin and your gold, you can stash.

00:21:11.000 You can put it away.

00:21:12.000 It's the only thing I trust.

00:21:13.000 Code, immutable code, and things that can't be replicated and printed out of thin air.

00:21:18.000 You can't just print gold.

00:21:20.000 Even if you find gold, there's a process of refining.

00:21:22.000 There's a process of mining.

00:21:24.000 There's a supply chain that needs to be respected, that's audited.

00:21:27.000 And yeah, people get scammed.

00:21:28.000 There's fake gold bars, but there's also fake Bitcoin.

00:21:31.000 There's also people stealing wallets.

00:21:33.000 So there's always a risk on that.

00:21:35.000 But the last thing you want to do is rely on the good faith and credit of the United States when they've lost it completely.

00:21:41.000 Yeah.

00:21:44.000 The tariffs obviously has made a lot of people angry.

00:21:47.000 Like, we're going to dump treasuries.

00:21:48.000 We're going to mess with you in this way.

00:21:50.000 You know, and everyone's like, you know, and then obviously with the decline of the petro dollar and Saudi Arabia not using the petrodollar anymore.

00:21:59.000 Well, not doing all their transactions in US dollars like they had agreed to in the 70s.

00:22:03.000 Yeah.

00:22:03.000 I mean, it's, it's a very, and then you got these conflicts.

00:22:05.000 Like anytime, you know, you got conflicts, you know, they're going to go gold.

00:22:09.000 Like Russia right before they invaded, funny, funny story, somewhat this on my other show.

00:22:13.000 The day they invaded Ukraine, they had Hameti, the leader of the RSF in Sudan, he was there delivering a bunch of gold the day they invaded Ukraine because he knew they're going to kick us off Swift. 0.81

00:22:22.000 They're going to sanction the hell out of us.

00:22:24.000 How do we hold money in a safe manner?

00:22:26.000 Gold.

00:22:27.000 They bought a whole bunch of gold.

00:22:28.000 Same with the Chinese. 1.00

00:22:29.000 And it's like, you know, the thing with gold, like people always complain about is like it's heavy and it's hard to trade or whatever.

00:22:34.000 But, you know, it's a good, it's probably one of the safest storages of wealth in the world.

00:22:38.000 Well, that's exactly what you want.

00:22:39.000 You want your gold of a national sovereign fund down locked in a bunker.

00:22:44.000 Yeah.

00:22:44.000 Like not on the not on a seed phrase.

00:22:47.000 Yeah.

00:22:49.000 So, okay.

00:22:50.000 So you're saying you think that gold is going to continue to rise and you look at this as like a market correction rather than a full repricing of everything, rinsing out people that are just tourists, the reprice, because everybody assumes that when we printed trillions of dollars during COVID, that that was priced in right away into the market and it wasn't. 0.98

00:23:13.000 It takes years for it to get repriced back into the gold standard because it goes into speculation, it goes into spending, it goes into Amazon, it goes into crypto, it goes into all this shit. 0.97

00:23:24.000 So the moment it has to, it goes from stupid hands to smart hands, smart hands refilter it back to gold, and then it gets repriced. 0.98

00:23:32.000 And now everybody has lost 50% of their net worth to the real currency, which is gold. 0.99

00:23:38.000 We are going to go back to a gold standard.

00:23:40.000 Like it's 100% going to, we might do it on chain where it's like, yeah, we have a dollar that's backed by actual gold, but we're going back to a gold standard.

00:23:48.000 100%.

00:23:50.000 Would you say, because I noticed that like once like we really started ramping up with the Armada in the Middle East with the potential invasion or attack of Iran, do you think that played a role in it?

00:23:50.000 Yeah.

00:24:00.000 Or do you think this was inevitable at this point?

00:24:01.000 And it was going to come to a matter of fact.

00:24:02.000 It's inevitable because it's inevitable because the entire petrodollar scam with the Fed of 1913, nobody buys it anymore.

00:24:13.000 Everybody can create a currency out of thin air.

00:24:14.000 You could go and create your own Myron currency.

00:24:16.000 And if you had enough fame, enough pedigree, enough whatever, like Trump, you could create something.

00:24:23.000 Right.

00:24:23.000 But once again, if you look at the entire insider flow of what that was, that was just a big rug.

00:24:29.000 That was a big attempt to just mass extract liquidity.

00:24:32.000 But once again, you don't need the dollar.

00:24:36.000 If you have gold reserves, you can peg that yourself, tether it yourself.

00:24:41.000 And then now China can have their own currency that's just running around.

00:24:45.000 But you look at Gaddafi, you look at all the individuals that actually tried to instill a different currency and they got. 0.88

00:24:51.000 Yeah, they got cooked.

00:24:52.000 They got cooked.

00:24:55.000 Okay, so go ahead, you want to say it?

00:24:56.000 Just get it cooked.

00:24:57.000 People are in disarray right now.

00:25:00.000 They're upset.

00:25:01.000 They're angry.

00:25:02.000 They lost a lot of their obviously net worth over time because crypto.

00:25:06.000 Should it be mad right now?

00:25:08.000 Is it going to go back up?

00:25:09.000 My net worth is down 40% in the last 90 days.

00:25:12.000 You seem pretty calm about it.

00:25:13.000 Yeah.

00:25:14.000 Yeah, because once again, you either invest or you trade.

00:25:19.000 Right.

00:25:19.000 So it's like you can't have the same mindset towards things.

00:25:23.000 If you're trading, you're trading.

00:25:24.000 If you're investing, you're investing based on conviction.

00:25:28.000 So it doesn't matter whether something is $60,000, $90,000, $100,000, $200,000, if you know that it's going to a million and if you're trying to get out of a currency that you don't trust.

00:25:37.000 We play in a weird game, right?

00:25:39.000 Because the matrix is breaking.

00:25:41.000 Everything is weird, breaking around in real time around us.

00:25:43.000 We don't know what to trust.

00:25:45.000 So if it feels like we're hopping around assets, it's not uncommon or weird.

00:25:49.000 That's the sign of the times.

00:25:50.000 That's the sign that everything is collapsing in real time.

00:25:52.000 So we have to go back to what is real.

00:25:55.000 What is real?

00:25:55.000 Code and gold currency.

00:25:58.000 The real currency.

00:25:59.000 So you're saying that this is a correction, which is an interesting take.

00:26:02.000 I think you're the first person that's framed it that way.

00:26:04.000 And then you also mentioned like this is catching up to us.

00:26:08.000 So all that money printing from 2020, the disarray, the craziness, et cetera, Trump coming in back into office, et cetera.

00:26:15.000 Are you saying basically, because I remember crypto went up to like 100, Bitcoin went to like 120 something.

00:26:20.000 And it broke 100 when he became right around the time he became president. 0.92

00:26:24.000 So, would you say that like now we're finally like paying for all the shit that we did six years ago, pretty much? 0.99

00:26:29.000 For sure. 0.99

00:26:30.000 And you're going to see it repriced into gold and repriced into silver.

00:26:34.000 You're not going to see it.

00:26:35.000 I knew something we were going to.

00:26:36.000 You're not going to see it repriced into real estate because nobody's buying real estate.

00:26:40.000 Yeah.

00:26:41.000 You can't fractionalize real estate.

00:26:42.000 I can fractionalize gold and buy paper gold online.

00:26:47.000 I don't have to actually even own the physical gold now.

00:26:49.000 I can just speculate on owning the gold that's in a vault somewhere in Switzerland.

00:26:54.000 So like, especially now, you bring it on chain with this tether company.

00:26:58.000 It gets completely crazy.

00:26:59.000 Now you have, I don't know, North Korea can just buy a billion dollars worth of, it's a different game that we live in.

00:27:07.000 I think people need to realize that the financial literacy that was taught before is no longer practical, that they need to diversify their portfolio.

00:27:17.000 They need to have real estate. 0.99

00:27:18.000 They need to have precious metals.

00:27:19.000 They need to have crypto.

00:27:20.000 They need to have a job.

00:27:21.000 They need to have some sort of side income, a hustle.

00:27:24.000 Like this is about allocating a basket that protects you in case one of these things go down.

00:27:30.000 You can't have all your eggs in one basket, bro.

00:27:33.000 Like it doesn't work that way.

00:27:34.000 So yeah, okay, I got a lot of money in Bitcoin, but that's because I'm not holding USD.

00:27:40.000 I'm holding Bitcoin.

00:27:41.000 So like I see my net worth go up 10X.

00:27:44.000 I also see it go down 40%.

00:27:46.000 It's part of the game plan, but that's not money that I'm spending.

00:27:46.000 It's okay.

00:27:49.000 I have active income.

00:27:49.000 Yeah.

00:27:50.000 I have a business.

00:27:51.000 I have savings.

00:27:52.000 I have cash.

00:27:54.000 That's set aside.

00:27:55.000 If you're going to speculate, you're going to gamble.

00:27:58.000 Don't do it with leverage.

00:27:59.000 Buy some Bitcoin.

00:28:00.000 Hold it.

00:28:01.000 Learn it.

00:28:02.000 Buy some gold.

00:28:02.000 Study it.

00:28:03.000 We saw it go up 100% in a year.

00:28:06.000 That's a lot.

00:28:07.000 It's a lot.

00:28:08.000 People are trying to think about these meme coin gains, these $1,000 to a million.

00:28:12.000 That's not real investing.

00:28:13.000 That's gambling.

00:28:14.000 A lot of people scoff at precious metals too, especially young people. 1.00

00:28:16.000 Young people are like, fuck, and they got priced out. 1.00

00:28:19.000 And now, and now they have to pay double. 1.00

00:28:21.000 Yeah.

00:28:23.000 Yeah.

00:28:24.000 Like, I bought silver early on, you know.

00:28:24.000 And I have silver.

00:28:27.000 Dude, silver, 250% in a year.

00:28:29.000 It's crazy.

00:28:30.000 That's not because it's inflation.

00:28:32.000 No, we're finally getting the true appreciated value of the paper dollar priced against the real asset.

00:28:41.000 Once it's gone through the entire filtering process of what?

00:28:45.000 Stimulus checks gone through the entire financial supply chain, back to gold, back to whoever's holding the deposits, the repricing.

00:28:54.000 You know, it's interesting because I knew when the world shut down back in March of 2020, I was like, and I saw like, you know, businesses go down.

00:29:02.000 I saw people walking around in a mass and, you know, airlines weren't, you know, you got to sit six feet apart, whatever.

00:29:06.000 I was like, we're going to, we're going to pay for this at some point.

00:29:10.000 For sure.

00:29:11.000 Like, this is, this, we are going to pay for this.

00:29:13.000 And like, honestly, like, you know, we had a little bit of a recession under Biden, but now with the way things are going, then obviously now we got these wars going on.

00:29:22.000 It's like, so you're saying this is like the beginning of essentially us, you know, the Piper coming to collect or after COVID.

00:29:30.000 Absolutely.

00:29:31.000 And we have a few verticals.

00:29:32.000 One is midterm years are always years where we either side trend or trend downwards.

00:29:38.000 Like that's just look at your technical analysis.

00:29:40.000 Go look at the year of midterms.

00:29:42.000 The markets initially do poorly, then they do well.

00:29:46.000 Right.

00:29:46.000 So here you have the Democrats trying to just take down the market.

00:29:50.000 And then here you have the Republicans trying to keep the market up because the sentiment is going to dictate whoever stays in office.

00:29:56.000 Right.

00:29:56.000 So they don't even care about whoever makes money or not money.

00:30:00.000 They're caring about public opinion, influence, appearances, the show, right?

00:30:06.000 Like Trump saying, hey, you know, we're going to double the stock market in the next two years.

00:30:12.000 He's going to do it.

00:30:12.000 They can print infinite money.

00:30:14.000 Now he's assigning new chair in the Fed, right?

00:30:16.000 Like the entire scheme is Ron Lauder's son-in-law, I think, right?

00:30:21.000 Well, and then you look at Canton Fitzgerald and you look at the head of the treasury right now in the United States.

00:30:28.000 He's actually one of the co-owners of Tether.

00:30:30.000 So the commingling of crypto, the commingling of the government, the commingling of precious metals and banks is so tightly knit together that if you just take some time to study what's taking place, you're going to buy real estate.

00:30:47.000 You're going to buy land.

00:30:49.000 You're going to buy some sort of income properties that are cash flowing.

00:30:52.000 You're going to have your precious metals hiding in a safe somewhere.

00:30:55.000 You might have some nice luxury watches that have some sort of appreciation value.

00:31:00.000 You're going to have some currencies that are spread through different currencies, Singapore, Yen, a little bit of Euros, USD.

00:31:06.000 And then you're going to have your crypto.

00:31:08.000 And you can have a couple of assets, you know, whatever.

00:31:11.000 But I have just decided that Bitcoin is my main currency asset for now.

00:31:18.000 I think right now we go back to 100,000.

00:31:20.000 Maybe then we downtrend back to 45, 50.

00:31:23.000 I don't think we're at the bottom yet.

00:31:25.000 I think people need to get smashed.

00:31:27.000 I still see people speculating.

00:31:28.000 I still see a billion dollars of leverage longs or shorts getting liquidated every week.

00:31:33.000 There's still a lot of money in the system.

00:31:35.000 And when you look at whether it's Chinese exchanges or whether you look at a Korean exchange yesterday, BitHump, they just minted, it was hundreds of thousands of Bitcoin that they were supposed to give out as dollars, but they reflect it as Bitcoin. 0.98

00:31:50.000 Bro, this is a big fucking thing. 0.70

00:31:52.000 They just created paper Bitcoin and people were selling it on the exchange. 0.99

00:31:56.000 Bitcoin dropped 15% in the span of a minute because everybody was market selling.

00:31:59.000 Because that.

00:32:00.000 Yeah, because they're just creating paper Bitcoin.

00:32:02.000 So that's why I'm saying like all these financial instruments that are wrapped and wrapped again and rewrapped in ETFs and DATs and all these different things, all these different vehicles.

00:32:14.000 The more we speculate, the riskier it becomes.

00:32:16.000 The more money you make, the more you want to protect yourself, right?

00:32:20.000 So you become a millionaire.

00:32:22.000 You can't be thinking like the guy that has $5,000 to his name and needs to make it out of the trenches, right?

00:32:27.000 Like you're in a different place.

00:32:28.000 So it really is about speaking to people where they are.

00:32:31.000 I wouldn't be thinking about getting rich.

00:32:34.000 I'd be thinking about starting building out these baskets that interest me and start putting money into them.

00:32:41.000 Dollar cost averaging across the way.

00:32:43.000 It's the safest way to do it.

00:32:45.000 Yeah, a lot of crypto guys are freaking out.

00:32:46.000 I remember last time this happened, like a year or two ago, people were jumping off balconies in Miami, dude, when Ethereum hit like when it hit like below 2K.

00:32:53.000 Yeah.

00:32:54.000 People were jumping off balconies here.

00:32:55.000 It went to 1400.

00:32:56.000 Yeah.

00:32:56.000 People were literally jumping off balconies in Miami.

00:32:58.000 There were a couple of different stories of people because we had a lot of crypto bros here, right?

00:33:01.000 Local crypto clubs, popping bottles and buying yachts and stuff.

00:33:04.000 But look, real quick, you mentioned a bunch of stuff about where we're going with the Bitcoin and gold itself.

00:33:11.000 Would you say that we're now in a recession?

00:33:14.000 We are in a place of stagflation.

00:33:18.000 So that's that stagnation where there's no growth in labor markets.

00:33:21.000 There's no real growth in the market.

00:33:23.000 And then we have inflation where we're just printing money out of thin air.

00:33:25.000 So it's like we're basically talking post-World War II depression.

00:33:33.000 That's what we're looking at.

00:33:34.000 Spend is out of control. 0.99

00:33:36.000 Politicians doing whatever the fuck they want. 0.98

00:33:39.000 Currency not being trusted overseas. 0.99

00:33:42.000 That's probably what we're entering.

00:33:43.000 I think we're entering a pretty bad season.

00:33:46.000 All you have to do is look at the labor market. 1.00

00:33:49.000 AI is a big fucking problem. 0.97

00:33:51.000 I have fired about 60% of my staff over the last year and just automated all the workflow. 0.99

00:33:58.000 I mean, why do you need a graphic designer anymore?

00:34:01.000 Graphic designers are out of jobs.

00:34:03.000 Bro, you went to school for graphic design.

00:34:05.000 You're cooked.

00:34:06.000 Yeah.

00:34:06.000 You're so cooked.

00:34:07.000 I don't know.

00:34:08.000 It's bad.

00:34:10.000 I predict sometime in the next few weeks, we're more than likely going to go to war with Iran and attack them. 1.00

00:34:16.000 Netanyahu is coming to the United States, I think, on Tuesday, tomorrow or Wednesday to discuss war plans.

00:34:23.000 We're having our mada outside of Iran.

00:34:25.000 I've been covering it very closely.

00:34:26.000 I think at this point, there's no way I don't see how there's not going to be an attack.

00:34:29.000 How do you think that's going to affect the crypto market?

00:34:32.000 I mean, like it always does, it's going to go down.

00:34:34.000 Okay.

00:34:35.000 Like the rest of the market.

00:34:36.000 Bro, we go to war with Iran. 1.00

00:34:38.000 This shit is. 1.00

00:34:39.000 You think it's going down even further? 1.00

00:34:41.000 We're going to war with Iran. 0.99

00:34:43.000 Anybody that understands the script knows what's going to happen.

00:34:46.000 Yeah. 0.94

00:34:47.000 We're at least going to strike them. 0.99

00:34:48.000 For sure. 0.99

00:34:50.000 Like, bro, they're going to reinstitute.

00:34:52.000 They're going to put whoever they want in there. 0.93

00:34:54.000 They're going to turn Israel into the new Singapore of the Middle East. 0.99

00:34:57.000 They're going to connect the river with the sea. 0.99

00:34:59.000 They're going to do the little fucking thing. 1.00

00:35:02.000 Like, they're going to do their whole little spiel, bro. 1.00

00:35:04.000 Yeah.

00:35:04.000 It's coming.

00:35:05.000 Damn. 1.00

00:35:05.000 Luke read his Bible. 1.00

00:35:07.000 So, look, real quick.

00:35:09.000 Let's say someone's watching that is not a millionaire.

00:35:12.000 They're working on their way up, regular job, but they feel stuck.

00:35:16.000 How should they prepare for what's coming next, you think?

00:35:19.000 Let's say they're making like five to $6K a month, like a regular job.

00:35:23.000 Harver salary, just wants to make it out.

00:35:25.000 What should they do?

00:35:26.000 The first thing you got to do is not spend money.

00:35:30.000 Like that's that's where you got to start.

00:35:31.000 I remember I was making $100,000 with my marketing agency, social media marketing agency when I first got started.

00:35:37.000 I was still living on my brother Nate's couch for $200 a month.

00:35:41.000 Right.

00:35:41.000 So it's like, I didn't buy my first supercar till I had over 10 million.

00:35:47.000 I didn't do a fucking deal. 0.99

00:35:49.000 Liquid. 0.99

00:35:49.000 Liquid? 0.99

00:35:51.000 Not even assets.

00:35:52.000 Like I have it.

00:35:52.000 Like liquid.

00:35:54.000 My net worth has never calculated in assets.

00:35:56.000 I only calculate what I can cash out tomorrow.

00:35:58.000 Okay.

00:35:59.000 Okay.

00:35:59.000 100%.

00:36:00.000 That's how I've always thought.

00:36:01.000 I don't have any debt.

00:36:02.000 I don't have any liabilities for nothing.

00:36:05.000 Everything's cash paid for.

00:36:06.000 I'm a crypto bro.

00:36:07.000 Of course.

00:36:08.000 Credit is for the people that figured it out going through the process.

00:36:11.000 Yeah.

00:36:12.000 Because you get like a hard asset like real estate, right?

00:36:14.000 Like that's not liquid.

00:36:15.000 That's like, you know, okay, net worth because the house is worth this, blah, blah, blah.

00:36:18.000 Like, okay, so you're like, you deal 100%.

00:36:20.000 100% liquid.

00:36:22.000 Net worth doesn't calculate equity and company.

00:36:25.000 Okay.

00:36:25.000 None of that matters.

00:36:26.000 All that is.

00:36:26.000 So until you were 10M liquid.

00:36:28.000 Liquid.

00:36:29.000 I didn't buy a supercar.

00:36:31.000 Nothing, nothing.

00:36:31.000 Nothing.

00:36:32.000 No vacations.

00:36:34.000 Just simple life.

00:36:36.000 Because if you can achieve simplicity, you're good.

00:36:40.000 Everything else is an ego play.

00:36:42.000 So I'm a man that's married.

00:36:44.000 I don't have to go out and impress girls.

00:36:45.000 So I don't have to spend money.

00:36:47.000 I'm not going to get a money saving.

00:36:48.000 I don't spend money on that.

00:36:49.000 We all see the females do. 1.00

00:36:51.000 Bro, yeah, it's a black hole. 0.84

00:36:53.000 So instead, you're a married man.

00:36:55.000 You're investing in a relationship.

00:36:56.000 The girl doesn't want you to take her to dinner. 1.00

00:36:58.000 She just wants family time. 0.98

00:36:59.000 She wants to be at home.

00:37:00.000 She wants to be taken care of.

00:37:01.000 Quality time.

00:37:02.000 Quality woman.

00:37:04.000 So in this situation, you begin to structure your life to save.

00:37:09.000 And then you're like, okay, I want to go from saving from creating wealth, whether it's from an income of a job.

00:37:15.000 You want to create a side hustle because you want, you have two things.

00:37:19.000 They're called deficits and then super habits.

00:37:21.000 So super habits is when you make more money at the end of the month than you spend, right?

00:37:26.000 Your PNL is green, or you call it in the black.

00:37:29.000 If you're in the black versus in the red every single month, what you want to take is that additional money instead of spending it, investing it.

00:37:37.000 Instead of buying iPhone 1 or iPhone 15, you buy Apple stock, right?

00:37:41.000 And that's what the philosophy is: don't be a consumer.

00:37:44.000 Understand who is the one that is carrying the value at the time and invest in that.

00:37:50.000 Bro, it was so easy to make money over the last five years.

00:37:54.000 Yeah.

00:37:55.000 Yeah, there were so many opportunities.

00:37:56.000 It's easy, bro.

00:37:57.000 And it's going to get only harder.

00:37:58.000 Here you have a dude from Argentina.

00:37:59.000 You have a dude that lived in the Caribbean.

00:38:02.000 You have a dude that's former Fed.

00:38:03.000 Like we weren't supposed to be millionaires making money online.

00:38:07.000 Like that wasn't part of the equation.

00:38:10.000 We made money. 1.00

00:38:11.000 This shit is real. 1.00

00:38:12.000 Like we all made it in different verticals. 1.00

00:38:14.000 It's not like it's woo-woo.

00:38:15.000 It's not 2010.

00:38:17.000 It's real.

00:38:17.000 So what we did was far from spending our initial principal.

00:38:23.000 So that's the biggest problem most people have is they spend what they don't have.

00:38:26.000 If you're on credit, you're cooked, bro.

00:38:28.000 You're so cooked.

00:38:29.000 No credit cards. 1.00

00:38:30.000 Get rid of that shit. 1.00

00:38:31.000 That's some. 1.00

00:38:32.000 Or use them properly.

00:38:33.000 Yeah.

00:38:34.000 Most people don't use it.

00:38:35.000 Yeah.

00:38:37.000 If you're broke, that's a temptation.

00:38:39.000 It's not an asset.

00:38:40.000 If you have no income, having a credit card is a whole because you have interest rates.

00:38:45.000 Most people can't weaponize credit cards properly.

00:38:47.000 The credit cards weaponize them.

00:38:49.000 They don't have discipline.

00:38:50.000 If they don't have financial discipline, it's going to leak and it's going to be able to be noticeable in all these other areas.

00:38:55.000 And it kills me because if people use credit cards the way they're supposed to be used, absolutely. 0.96

00:39:02.000 They're so fucking good. 0.91

00:39:03.000 But yes, you're right. 1.00

00:39:04.000 Most people are idiots. 1.00

00:39:05.000 It's a game because they see $2,000 credit and they think that they have $2,000 and they don't. 1.00

00:39:12.000 It's like the guy that gets leverage in crypto and says, oh, well, now I have a million and I have 5X leverage on my 200K.

00:39:18.000 No, you have 800,000 in debt, bro.

00:39:20.000 Like uncollateralized debt right now.

00:39:22.000 That's not a joke.

00:39:24.000 So the first thing, don't spend.

00:39:25.000 The second thing is you need to multiply your wealth.

00:39:27.000 So you need to be investing long term.

00:39:29.000 Investing comes from compounding.

00:39:31.000 Warren Buffett talks about the compounding effect, compounding over 10, 20, 30 years.

00:39:36.000 When you buy a good company, when you buy a healthy company, just go look at the stock of McDonald's.

00:39:43.000 It never goes down.

00:39:44.000 They're a real estate mogul company.

00:39:46.000 They're not flipping patties, right?

00:39:48.000 They're a real estate portfolio company.

00:39:50.000 So you're just going to put your money there.

00:39:52.000 You can put your money into Tesla.

00:39:54.000 You can put your money into NVIDIA.

00:39:55.000 All these companies that aren't focused on AI, robotics, that's where the money's at.

00:40:00.000 Risk on with crypto, I would buy Bitcoin, Ethereum, Hyperliquid, KEDA.

00:40:06.000 These are all high-quality projects that are, I think, safe.

00:40:11.000 Yeah, I think Bitcoin and Ethereum, you can't go wrong.

00:40:14.000 It's like two set in at this point, Ethereum and Bitcoin.

00:40:18.000 It's like they're here to stay.

00:40:19.000 They're legacy products.

00:40:20.000 Yeah, at this point.

00:40:21.000 Yeah.

00:40:23.000 So you think it's going to go down with a conflict?

00:40:25.000 Because, okay, and then obviously price metals typically go up with conflicts, which is why it's going so crazy.

00:40:31.000 So you think we're going to, we're not at the low.

00:40:32.000 You think 40K is the low?

00:40:34.000 I think we'll visit the 50s. 0.98

00:40:36.000 I think we haven't seen there's so many shit coins that have that have like nine-figure valuations. 0.96

00:40:44.000 Yeah. 0.97

00:40:45.000 So many, so many altcoins, so many different chains, like this chain, that chain, this thing that nobody uses is what we call ghost chains.

00:40:54.000 They're just dead liquidity.

00:40:55.000 There's nothing there.

00:40:56.000 All that speculation has to get rinsed.

00:40:59.000 They have to rinse all that speculation clean.

00:41:02.000 Once we do that, the big whales, they buy.

00:41:05.000 Market goes up.

00:41:06.000 They could pump the price of Bitcoin up to 120,000 if they wanted tomorrow.

00:41:09.000 This is accumulation phase.

00:41:12.000 So.

00:41:12.000 Okay.

00:41:13.000 And it doesn't matter.

00:41:14.000 Like if you're buying Bitcoin at 60K and it goes down to 42, goes down to 48, it doesn't really matter.

00:41:14.000 Once again, right?

00:41:21.000 If you bought your Bitcoin at 100,000, you're probably sweating on that.

00:41:24.000 Yeah, you're pissed right now.

00:41:25.000 You're pissed.

00:41:26.000 Yeah.

00:41:26.000 But that's your fault.

00:41:27.000 But you waited too long.

00:41:27.000 Yeah, yeah.

00:41:28.000 Like, yeah, you waited too long.

00:41:30.000 Like, if Bitcoin goes from 15,000 to 100,000, you buy it at 100,000.

00:41:33.000 It's hard.

00:41:34.000 It's your fault. 1.00

00:41:34.000 You stupid. 1.00

00:41:35.000 Just look at the chart. 1.00

00:41:35.000 It's parabolic. 1.00

00:41:36.000 Yeah. 0.98

00:41:37.000 So what would you say if it, what is the number where it's like, oh, shit, now we need to actually be concerned here. 0.93

00:41:43.000 You're saying you think it could hit as low as 40. 0.90

00:41:46.000 Bitcoin went, bro.

00:41:48.000 Bitcoin went from 20,000 to 3,500 in the dump of COVID.

00:41:53.000 ETH went from 15,000.

00:41:55.000 So there's no number that worries you.

00:41:56.000 There's no number, bro.

00:41:57.000 It's how many Bitcoins do I have? 0.99

00:42:00.000 Like, I'm just like, fuck, like, as long as I can hold on to these Bitcoins, like, I'm good. 0.99

00:42:04.000 Yeah. 0.99

00:42:04.000 Oh, I need more money. 0.99

00:42:06.000 I can't spend these things.

00:42:07.000 Yeah.

00:42:08.000 I'm a firm believer that every man should aim to have at least one Bitcoin.

00:42:12.000 Absolutely.

00:42:13.000 Dude, absolutely.

00:42:15.000 One Bitcoin guarantees you will become a millionaire.

00:42:18.000 Anybody watching can go out and make $70,000.

00:42:22.000 If they live in the West, they can make $70,000 online in the next 18 months, hustling, figuring it out, save it up.

00:42:28.000 You can buy Bitcoin if you're serious.

00:42:31.000 Yeah.

00:42:32.000 This is a big projection, but when do you think we get to a point where we got a million dollar Bitcoin?

00:42:37.000 10 years, 20 years, 30 years?

00:42:38.000 I have no idea because the government can adopt it instantly.

00:42:44.000 We print new money, another $10 trillion.

00:42:48.000 Bitcoin is no longer priced in dollars.

00:42:51.000 That's why it's a little bit weird.

00:42:54.000 I don't know the number.

00:42:56.000 All I can say is buy as much Bitcoin that you can because eventually you're going to get priced out. 1.00

00:43:03.000 Shit. 0.99

00:43:04.000 Well, guys, if you guys got questions for Luke, by the way, feel free to. 0.99

00:43:06.000 We've been hogging up all the questions here.

00:43:09.000 You want me to read some chats or we can keep going?

00:43:10.000 Or Fresta, do you have something?

00:43:12.000 We'll get chats.

00:43:13.000 Okay.

00:43:14.000 Jesse says, let me see.

00:43:16.000 Love the show.

00:43:17.000 What does Luke have to say about XRP?

00:43:20.000 So XRP's initial goal was to be the chain for banks.

00:43:24.000 However, due to no adoption, due to pre-mining, which means the tokens are distributed to insiders ahead of time, it's no longer trustable.

00:43:38.000 Not only that.

00:43:39.000 People love it, though, man.

00:43:40.000 Of course people love it. 0.99

00:43:40.000 Bro, they fucking go. 0.99

00:43:42.000 It's like they're stopping. 0.99

00:43:43.000 I want to say something.

00:43:46.000 I've been buying XRP since 13 cents, right?

00:43:49.000 So I saw XRP go from 13 cents to 350.

00:43:52.000 I saw it go from 350 back down to 25 cents and from 25 cents back to all-time highs.

00:43:57.000 Like, I'm not saying you can't make money with it.

00:43:59.000 What I'm saying is, I don't think that what they're selling people, which is the idea of becoming the chain for the banks, is going to work.

00:44:10.000 There's other people competing.

00:44:11.000 There's other chains competing.

00:44:13.000 There's other businesses competing for the same what?

00:44:17.000 Desire to replace Swift. 0.87

00:44:19.000 There's other chains that are ready with better tech that aren't fucking 15 years old, that aren't 10 years old, that are literally supersonic speed, compliant, regulated, traced.

00:44:34.000 Would Ethereum be an example of that?

00:44:35.000 Keta.

00:44:36.000 Keta, okay.

00:44:37.000 If Ethereum is not, so there's different blockchains for different purposes.

00:44:44.000 Ethereum operates as like the decentralized application layer of the internet.

00:44:49.000 So whether you want to do financial remittance, build robots on it, whatever, that's the Ethereum is supposed to act as that layer.

00:44:56.000 Bitcoin is supposed to act as a store of value.

00:44:59.000 You have different chains like Solana.

00:45:00.000 Solana is what we call the internet of capital markets, right?

00:45:07.000 Which is everything that takes place, whether it's meme coins, NFTs, whatever it is, everything that's fast-paced trading takes place on Solana.

00:45:14.000 Now, when it comes to banking, banking isn't going to operate on the same chains that retail operates on, right?

00:45:21.000 So I'm looking for where's the liquidity for all of the sectors, real world assets, stable coins, speculation, banking.

00:45:30.000 With banking, XRP is not going to succeed.

00:45:32.000 It'll be KETA.

00:45:34.000 I know it.

00:45:34.000 Absolutely.

00:45:35.000 All right.

00:45:36.000 Do your research.

00:45:37.000 The entire point of Money Mondays is for me to drop some alpha.

00:45:39.000 So there you go.

00:45:40.000 Yeah, no, XRP.

00:45:41.000 I mean, anytime we bring up crypto, like XRP is almost always brought up and asked about.

00:45:47.000 So, okay, let's see here.

00:45:51.000 What are your future plans with Capital Club?

00:45:53.000 Would love to see a meetup.

00:45:54.000 Appreciate all that you do, my fellow glitch.

00:45:57.000 So future plans for Capital Club, I think there's going to be a premium with in-person relationships.

00:46:05.000 There's a premium with interactions in real life that can't be replaced on the internet.

00:46:12.000 So, Capital Club is moving from being a digital community to spending more time in person.

00:46:17.000 So, we've done, you know, events and meetups over the last four years in about 30 different locations, about 14 different countries.

00:46:27.000 So, we'll continue to do that.

00:46:28.000 I think it's the best way for entrepreneurs to get away from their monitors and their computers and just connect with people in their city in real life.

00:46:35.000 So, we'll be working on that.

00:46:36.000 It's the one thing AI and tech won't be exactly.

00:46:39.000 That's where the premium is.

00:46:40.000 That's where the premium is.

00:46:41.000 Yeah, that's where the premium is.

00:46:42.000 Being in person.

00:46:44.000 Okay, what else do we got here?

00:46:46.000 That's it.

00:46:47.000 Okay, Frisa, do you have a question?

00:46:49.000 Yeah, so I went to Twitter actually this morning.

00:46:51.000 Okay.

00:46:51.000 I said, Hey, Luke was going to be on a podcast.

00:46:54.000 We said questions for Luke.

00:46:55.000 This was actually pretty good from Tan Soul.

00:46:57.000 He says, What's the question you wish someone would ask you, but no one ever does?

00:47:06.000 What's the most important thing in life?

00:47:10.000 Family?

00:47:11.000 God.

00:47:12.000 Oh, yeah.

00:47:13.000 Like an actual devout relationship with God.

00:47:15.000 Yeah.

00:47:16.000 Like taking God seriously.

00:47:17.000 I think that's the most important thing.

00:47:19.000 From there, everything stems.

00:47:20.000 But nobody ever asks you, hey, like, what's your relationship with God?

00:47:23.000 Like, what's the status there?

00:47:25.000 Actually, you know what?

00:47:26.000 Let me ask that question because I think I don't think you've talked. 0.98

00:47:29.000 I mean, I know you're a fairly religious guy and you believe in God and everything, but like, I haven't asked you too much because, you know, people, you know, it's either they love to talk about it or like, bro, don't ask me this shit.

00:47:37.000 So, like, I've always been very weary unless the person is like religiously based. 1.00

00:47:40.000 But what's your thoughts on that in general?

00:47:42.000 Like, what is your what do you subscribe to?

00:47:44.000 What do you believe in?

00:47:46.000 So I definitely subscribe to Jesus as God, okay?

00:47:50.000 Jesus Christ as God, Jesus as the physical embodiment of divinity on this earth, teaching us how to live, dying for our sins, raising from the dead to give us eternal life and hope and freedom, and teaching us not only how to live, but how to behave, how to act, how to treat others, and giving us a standard and a way of being.

00:48:11.000 I think that if you look at the world today, which whoever you want to say is controlling the world, they all hate one character.

00:48:23.000 They all hate Jesus.

00:48:24.000 That's very true.

00:48:25.000 I'm going to be like, why do they hate this guy?

00:48:27.000 Yeah.

00:48:27.000 Why do these groups that are really weird?

00:48:30.000 Why do they hate this guy?

00:48:32.000 And it's probably because he's the truth.

00:48:34.000 Yeah.

00:48:34.000 That's so, dude.

00:48:35.000 The villain of the earth.

00:48:37.000 Why do they hate him?

00:48:38.000 Even though he's not a villain.

00:48:40.000 That's a good point, actually.

00:48:41.000 Yeah.

00:48:41.000 Why do they hate Jesus Christ?

00:48:43.000 That's a good point.

00:48:44.000 Yo.

00:48:44.000 Very, very good.

00:48:45.000 Really nigga. 1.00

00:48:46.000 So, are you Christian, Catholic, Protestant? 0.99

00:48:50.000 What's a follower of Christ, bro?

00:48:52.000 All right.

00:48:52.000 Okay.

00:48:53.000 Just as close as I can be to getting to know him intimately and personally.

00:48:58.000 Okay.

00:48:59.000 Church is good.

00:49:00.000 Whether it's there, you know, there's people.

00:49:02.000 There's certain things that I don't subscribe to.

00:49:04.000 I don't like this whole woo-woo, like church going crazy, chanting, running around.

00:49:11.000 I'm good.

00:49:12.000 I'm good on that.

00:49:13.000 I'm not saying it's right or wrong.

00:49:14.000 All I know is Taoism.

00:49:15.000 So you do go to church, but it's not like.

00:49:17.000 Yeah, I go to church sometimes and just like I go on missions trips, just like I go and help on orphanages, just like wherever God tells me, hey, go serve, go help.

00:49:26.000 I'll just be there.

00:49:27.000 So, so, Luke, um, the people I've spoken, they've been rolled up for years, actually, a couple years in passing, and they want to know Luke.

00:49:37.000 Did you study?

00:49:38.000 I always study, bro.

00:49:40.000 No, no, but remember back in the day, we were at uh, you know, Tate's Crib, yeah, and we met Luke there.

00:49:45.000 That was a while ago, right?

00:49:46.000 Yeah, this is like almost four years ago now, and he brought some Johnny Walker to Tristan.

00:49:50.000 Yeah, hilarious moment.

00:49:52.000 I've been putting everywhere now, memes and TikTok.

00:49:54.000 Isn't it funny how it took like years for them to like?

00:49:56.000 Yeah, yeah, but I'm like, they're so behind, years behind, bro.

00:50:01.000 Yeah, we were there.

00:50:02.000 Like, I was like, wait, this is going viral.

00:50:04.000 Like, this happened like three years ago.

00:50:05.000 So, funny.

00:50:07.000 But remember, your brother gave me instructions about not eating McDonald's anymore.

00:50:10.000 And the seed oils.

00:50:10.000 Yeah, bro.

00:50:11.000 Yeah.

00:50:11.000 That went viral too.

00:50:13.000 That made its rounds, bro.

00:50:15.000 That was some good internet times, bro.

00:50:17.000 McDonald's, man.

00:50:19.000 Bro, like, if you see how they make the food, like, oh, God.

00:50:23.000 It's goislop.

00:50:24.000 Yeah, it really is goislop.

00:50:26.000 It literally call it what it is, bro.

00:50:27.000 Like, that's what it is.

00:50:28.000 We're just going to say what things are from here on out.

00:50:30.000 Just call it what it is, be real.

00:50:32.000 And definition of goislop.

00:50:35.000 Sorry, you got something first?

00:50:37.000 No, um, he answered it pretty well.

00:50:39.000 But okay, question.

00:50:40.000 Uh, who would you want to meet now you have met before?

00:50:44.000 Like, celebrity, maybe uh entrepreneur?

00:50:48.000 Who would you want to meet now for networking purposes? 0.99

00:50:52.000 Damn. 0.99

00:50:55.000 I was going to say what I was going to say, but then I'm, I think about all the repercussions of my life. 0.99

00:51:01.000 I'm like, who would I, who would I like to meet?

00:51:08.000 I think I think probably the forefathers. 0.96

00:51:16.000 I think those would be sick. 0.96

00:51:18.000 They think like founding fathers.

00:51:20.000 Founding fathers America, okay. 0.60

00:51:22.000 Sure.

00:51:22.000 Yeah.

00:51:22.000 Real geez, 23, 24, 25, saying fuck the empire.

00:51:26.000 Yeah, yeah. 1.00

00:51:28.000 Nowadays, 24, 25, 26, bunch of pussies, bro. 1.00

00:51:31.000 Yeah, yeah, yeah. 1.00

00:51:32.000 Yeah, I can't even figure shit out.

00:51:33.000 You know, I thought about when he said the Founding Fathers? 0.93

00:51:35.000 Yeah.

00:51:35.000 Finally Titans from AOT.

00:51:37.000 I don't know what I thought about that.

00:51:39.000 Just random.

00:51:40.000 It's an anime reference.

00:51:41.000 Oh, okay.

00:51:42.000 Okay.

00:51:44.000 So, okay.

00:51:45.000 And obviously, you don't got to go into detail, but I know these probably people are going to probably want to finalize.

00:51:50.000 So, like, is Capital Club still running the way that it was?

00:51:52.000 Yeah, everything's operating smooth.

00:51:52.000 Are you?

00:51:55.000 Okay.

00:51:55.000 I had to deal with some matrix nonsense, but people ask me, hey, Luke, what happened?

00:52:01.000 And all I answer is, has anybody ever tried to steal from you?

00:52:05.000 And if the answer is yes, then that's what I'm going through. 0.99

00:52:08.000 Oh, shit. 1.00

00:52:09.000 No. 1.00

00:52:10.000 And it's good because I wasn't sure if you were going to split off and do your own thing or you were going to maintain that just to not deal with the bullshit. 0.97

00:52:17.000 I own everything that I work on. 0.98

00:52:18.000 I own everything that I do.

00:52:20.000 And like I said, once you're the face of it, bro.

00:52:22.000 Once you begin to achieve success, people aren't going to want to take from your plate.

00:52:27.000 They're going to want to say, no, this guy didn't do the work.

00:52:31.000 How many times have people wanted to say that you haven't input the work, that you haven't done the hustle, that you haven't put in the hours, that you haven't done the reps? 1.00

00:52:38.000 They want to take your shit, bro. 0.99

00:52:39.000 Well, it was crazy because when I heard about it, I was like, he's the face of the brand. 1.00

00:52:43.000 Like, what the fuck? 0.98

00:52:44.000 Like, what, like, you know, I didn't even know who this other individual was, right? 1.00

00:52:47.000 Like, what the fuck? 0.98

00:52:48.000 Like, I'm coming in. 1.00

00:52:49.000 I've got to explore.

00:52:50.000 Like, bro, nobody knows you.

00:52:51.000 Like, what do you like?

00:52:52.000 I don't know.

00:52:53.000 I don't want to go too much into it because I'm sure there's probably like legal matters or whatever.

00:52:57.000 But I just found it crazy because I was like, like. 0.54

00:53:01.000 I was going to find it crazy, but then I found it pathetic. 0.58

00:53:04.000 And just realizing that 40-year-old men trying to do what they want to do online with public stunts.

00:53:11.000 But you know what's also interesting, which what I also noticed is how weak men have taken a place in society where they can weaponize courts, where they can weaponize software.

00:53:23.000 That's why we see all these betas in society that are doing things.

00:53:27.000 It's merely because they've been given power to remotely be able to bully, remotely be able to bother.

00:53:35.000 But in person, 500 years ago, that short little kid standing in front of me wouldn't do the same thing, bro.

00:53:42.000 He'd get clapped.

00:53:43.000 Yeah.

00:53:44.000 And then his entire village would get raided and all of his women would get taken. 1.00

00:53:47.000 But today, I just have to beat your ass in court. 1.00

00:53:50.000 So we'll just do it that way. 0.99

00:53:52.000 And not only that, it's like uncharted territory.

00:53:54.000 Because as technology continues to expand and move forward and change, it's like, this is all like all like uncharted territory a lot of the times, right?

00:54:04.000 So especially for like these legal people who, you know, I always say like the government and these lawyers, they tend to be like 10 years behind things, right?

00:54:11.000 They're not like on the cutting edge of technology. 0.98

00:54:13.000 I understand how this shit works a lot of the time. 0.97

00:54:15.000 So, so yeah, but no, man, I mean, give the lawyers some money, let them play the paper minigame while we go do real things. 0.99

00:54:21.000 Yep.

00:54:22.000 So look, man, we're probably going to do a tour at some point.

00:54:25.000 We need a tour of Puerto Rico, man.

00:54:28.000 Come, let's do Day in the Life of Luke Belmar, bro. 0.99

00:54:30.000 We'll do the golf carts and we'll do the beach and we'll go fuck around a bit, bro. 0.99

00:54:34.000 Yeah, Puerto Rico's nice. 0.97

00:54:36.000 Well, you've been there?

00:54:37.000 Yeah.

00:54:37.000 No, I haven't.

00:54:38.000 But I know I almost got sent there when I was an agent.

00:54:41.000 But, like, I'm assuming you don't live, like, yeah, you probably live, like, in a secluded area that's, like, probably getting off and stuff.

00:54:47.000 All I can tell you.

00:54:49.000 Because Puerto Rico could be very dangerous if you're in a wrong place.

00:54:52.000 Let me put.

00:54:53.000 Let me put you. 0.98

00:54:53.000 Let me put you into gun violence. 0.98

00:54:55.000 Let me put you into framing.

00:54:56.000 Yeah.

00:55:00.000 So about 90 minutes off the off the east shore of Puerto Rico is little St. James Island.

00:55:06.000 Oh, okay.

00:55:07.000 All right.

00:55:08.000 So a couple years ago, a tweet went viral by one of the founders of DAI, which is a decentralized state, saying, hey.

00:55:18.000 All the crypto people in Puerto Rico, right? 0.99

00:55:20.000 Bro, did you see that tweet?

00:55:22.000 No, there's a tweet that went crazy by said, did you not see that tweet?

00:55:25.000 No.

00:55:26.000 No.

00:55:27.000 You're going to pull it up?

00:55:28.000 Yeah, go for it.

00:55:28.000 We can put it on screen.

00:55:32.000 Send it to one of us in the middle of the morning.

00:55:34.000 So this guy got killed, and he just showed up at the shores of— A white guy, right? 0.69

00:55:42.000 What?

00:55:43.000 Yeah.

00:55:43.000 A white guy.

00:55:44.000 I remember seeing that post.

00:55:45.000 You saw that post.

00:55:46.000 Could you put it for the audience?

00:55:49.000 Let me find it.

00:55:51.000 Connect back to my hotspot.

00:55:54.000 You can jump on the Wi-Fi if you want.

00:55:56.000 Because I saw he showed up on the beach ashore, lifeless, of course.

00:56:01.000 And he's some big crypto guy, right?

00:56:04.000 Bro, he's a super big crypto guy.

00:56:06.000 He's one of the guys that was going up against banking and fractional reserve banking.

00:56:12.000 Dude, I can't find it. 0.99

00:56:14.000 I can't hop on this internet shit. 0.99

00:56:16.000 Let me see. 0.99

00:56:16.000 Someone in Castle Club, please help us. 0.99

00:56:19.000 You said DYE.

00:56:21.000 I could try looking for it right now.

00:56:22.000 So let me go to your Twitter real quick.

00:56:24.000 Yeah.

00:56:24.000 Let me see.

00:56:26.000 Whichever one you want.

00:56:31.000 dive.

00:56:37.000 Hey guys, if you guys got questions for Luke, get him in now.

00:56:39.000 We'll be on for like another maybe like 10, 15, 20 minutes.

00:56:42.000 And then we're going to do after hours here with some girls. 1.00

00:56:44.000 I think they're here.

00:56:45.000 Let's go.

00:56:46.000 So we got what, like 2,500.

00:56:48.000 Yeah, almost 3K of you guys watching right now, man, between the platforms.

00:56:50.000 So yeah, guys.

00:56:51.000 Not buddy.

00:56:51.000 Go viewers.

00:56:52.000 Get your, yeah, never bought.

00:56:53.000 Hell no.

00:56:54.000 So go ahead and watch.

00:56:55.000 Go ahead and like the video first and then second.

00:56:58.000 They did a study.

00:56:59.000 So this is so, okay.

00:57:00.000 Sonic? 1.00

00:57:01.000 He said this shit is insane. 0.99

00:57:02.000 Okay, let me send it to Mo so you can pull it up on screen. 0.99

00:57:04.000 Let me do this.

00:57:05.000 2022.

00:57:07.000 Okay.

00:57:08.000 Mo, boots on next, right?

00:57:09.000 Okay.

00:57:10.000 I'm going to give you guys this right now.

00:57:12.000 So we can pull it up so you can, and then you can walk the audience through it.

00:57:15.000 Also, real quick, just reach the timeline news.

00:57:18.000 The SEC alleges Tai Lopez was involved in the Ponzi scheme, and the FBI has reportedly opened an investigation per WSJ.

00:57:26.000 On Wall Street Journal on Tai Lopez?

00:57:28.000 Yeah. 1.00

00:57:29.000 Holy shit, bro. 1.00

00:57:31.000 Yeah. 1.00

00:57:31.000 That's why you never take other people's money. 1.00

00:57:34.000 You always take it.

00:57:34.000 Yeah, dude.

00:57:35.000 Yo, bro.

00:57:36.000 See, bro.

00:57:37.000 That's what it comes down to.

00:57:39.000 He's a marketer.

00:57:40.000 He's not a fight.

00:57:41.000 Bro, know your place, bro.

00:57:42.000 Go back to selling horses.

00:57:43.000 That's what you were doing well, bro.

00:57:45.000 I can't tell you how many times people have said, yo, you guys should do like a real estate fund.

00:57:49.000 Y'all should do that. 0.99

00:57:49.000 I was like, fuck no, bro. 0.99

00:57:51.000 Never touch other people's money. 1.00

00:57:53.000 No, man.

00:57:53.000 In America, when you play with other people's money, the level of scrutiny and the level of repercussion and backlash that you can get is very high.

00:58:02.000 Fuck that, dude. 1.00

00:58:04.000 Like, I see Grant Cardone doing it. 1.00

00:58:05.000 I see a lot of these, like, you know, especially like the big real estate guys, yeah, like on YouTube.

00:58:09.000 They just use it to funnel to, like, you know, hey, invest with me, invest with me.

00:58:12.000 And I'm like, look, I get it.

00:58:13.000 Like, you make a bunch of money doing it, bro.

00:58:14.000 But, like, the headache, like, you, you, you are wearing golden handcuffs.

00:58:20.000 You are at the mercy.

00:58:22.000 Bro, if somebody has a million dollars in your fund and they call you at midnight, you better pick up.

00:58:26.000 Yeah.

00:58:28.000 Like, you're, you're always online.

00:58:31.000 You're, you are chronically connected to your phone.

00:58:34.000 Your fund is your lifeblood.

00:58:36.000 And all these funds in crypto, they're getting destroyed, dude.

00:58:39.000 Like, never touch other people's money.

00:58:42.000 Period point blank.

00:58:42.000 Dude.

00:58:43.000 And I know a lot of people do it because like they're like, okay, I need to cash in on this influence.

00:58:46.000 And that's one way to do it. 1.00

00:58:48.000 But dude, fuck that, man. 0.99

00:58:49.000 Like, I've never done it literally because of that. 1.00

00:58:52.000 Because once you start taking other people's money, bro, now you get, you need one hater.

00:58:52.000 Yeah.

00:58:58.000 Well, all you need is an FBI.

00:58:59.000 You need to get a lot of money. 1.00

00:59:00.000 All you need is a small hole in your balance sheet for that shit to begin ballooning. 1.00

00:59:03.000 That's what the Ponzi scheme is. 0.99

00:59:05.000 He had to bring in new deposits to take care of the old depositors.

00:59:08.000 Yeah.

00:59:09.000 That's all it is.

00:59:10.000 Wow.

00:59:11.000 It became a spy.

00:59:13.000 It spiraled out of control.

00:59:15.000 We met Ty.

00:59:15.000 No, but he's a nice guy.

00:59:16.000 He's a nice guy.

00:59:17.000 Very smart.

00:59:18.000 He's a smart.

00:59:18.000 He's a smart individual.

00:59:20.000 I met him too.

00:59:20.000 He's a smart individual.

00:59:21.000 I can't say that he's.

00:59:22.000 Isn't he in Puerto Rico as well?

00:59:23.000 He used to be in Puerto Rico.

00:59:25.000 I think he's back in California.

00:59:26.000 I can't say he means ill will, but I mean, I guess with the fun, if things don't go well, you got to kind of. 0.99

00:59:31.000 And keep in mind, this is shit he's probably not even aware of. 0.98

00:59:34.000 Like, he's probably got dudes like doing the books for him and doing all handling all that shit. 0.99

00:59:38.000 He's just the face of the brand. 0.98

00:59:39.000 It's his name.

00:59:39.000 Exactly.

00:59:40.000 It's kind of like Hawk to a girl. 0.52

00:59:41.000 She came into this whole crypto thing.

00:59:42.000 Like, oh, yeah, I'll make my coin.

00:59:43.000 Hawk to a coin.

00:59:44.000 And then go.

00:59:45.000 But once again, you are ultimately responsible because you're the person that puts these people behind.

00:59:50.000 Yeah.

00:59:50.000 And it's just like you are responsible.

00:59:52.000 And if you're going to take somebody's money and you're taking millions of dollars, that means this person has more millions and you're going to fuck with somebody who has a lot of money, bro. 0.98

01:00:00.000 It's not going to be good. 0.99

01:00:01.000 Yeah.

01:00:02.000 Yeah.

01:00:02.000 And some of them might just come after you out of spite because they have the money to do so and they're just pissed off.

01:00:06.000 Yo, someone said cash maxing. 1.00

01:00:07.000 What the fuck? 0.99

01:00:08.000 Okay, pull up that tweet. 0.99

01:00:09.000 So right here.

01:00:10.000 Yeah.

01:00:10.000 Here it is.

01:00:11.000 Pull it up on your phone.

01:00:11.000 I don't know if you can see it.

01:00:13.000 So this happened in Puerto Rico.

01:00:16.000 So this founder tweeted this.

01:00:18.000 He said, CIN Masad and Pedo Elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands.

01:00:26.000 They're going to frame me with a laptop planted by my ex-girlfriend who was a spy. 0.95

01:00:30.000 They will torture me to death.

01:00:31.000 The next morning, he showed up dead in Condado Beach. 0.57

01:00:35.000 Wow.

01:00:37.000 The next morning.

01:00:40.000 And he died from drowning.

01:00:41.000 Yeah, bro. 0.99

01:00:45.000 If you knew what's going on in that island, bro, Puerto Rico gets fucking messy, bro. 0.99

01:00:50.000 I'm not on a table. 0.99

01:00:50.000 No, I believe it. 0.99

01:00:51.000 It's in a very strategic location.

01:00:54.000 Yeah, it's next to Haiti.

01:00:55.000 It's next to Miami. 1.00

01:00:57.000 It's next to where this guy was doing his shit. 1.00

01:01:00.000 Like, it's pretty crazy, dude. 0.99

01:01:02.000 U.S. territory, but it's there in a very strategic location.

01:01:07.000 There's lots of Chinese all across the Caribbean, you know, like, you know, all over the Bahamas.

01:01:12.000 Yeah.

01:01:13.000 Bro, they're all over the Bahamas.

01:01:14.000 They're all over Jamaica. 1.00

01:01:15.000 Like, there's a Chinese fucking embassy. 1.00

01:01:17.000 Yeah. 0.99

01:01:17.000 And the Bahamas, if I'm not mistaken. 0.99

01:01:19.000 Yeah.

01:01:20.000 Yeah.

01:01:21.000 They're literally everywhere, bro.

01:01:22.000 So they're like the Indians of the Caribbean. 0.93

01:01:26.000 I swear to God, bro.

01:01:27.000 I'm just saying.

01:01:28.000 Niggas are everywhere, bro. 1.00

01:01:29.000 Yeah. 1.00

01:01:30.000 Damn. 1.00

01:01:30.000 So that's nuts. 1.00

01:01:31.000 So he called and then the next day shows up drowned.

01:01:34.000 Yeah.

01:01:34.000 Next day, dude.

01:01:36.000 Did you know him or no?

01:01:37.000 No.

01:01:38.000 But like, I know who's behind it.

01:01:41.000 Yeah.

01:01:42.000 Why do you think they, what was his reason why they needed him gone? 0.88

01:01:46.000 Because he called it out or was he doing some other shit before that? 0.74

01:01:48.000 Because I'm thinking if they had a spy into him. 0.96

01:01:51.000 Because these are the guys that are creating the financial tools that the elites are actually trying to utilize.

01:01:56.000 If you look at the Epstein files, Epstein was actually Funding the Bitcoin Foundation and a lot of crypto projects before, whether it was through MIT or whether it was through grants, whatever it may be.

01:02:09.000 He had his fingers in the entire financial world, bro.

01:02:12.000 I was watching a Steve Bannon interview on stream, and the dude was looped in with some very like from traditional Bear Stearns to crypto markets.

01:02:22.000 He was involved in every single facet of finance.

01:02:26.000 And it's funny because when he was there talking, like, how do I put this in words?

01:02:33.000 Essentially, he understood money to a deep level where it's like, okay, look, everything that you think you know about money, you really don't.

01:02:39.000 He understood money at a Jewish level.

01:02:41.000 Yes, there you go.

01:02:42.000 Yeah.

01:02:43.000 And money at a Jewish level is not money at a goy level. 0.72

01:02:47.000 Yeah.

01:02:48.000 Because goys look at money as what? 1.00

01:02:52.000 As a means for me to survive.

01:02:54.000 Yeah.

01:02:55.000 Jews don't look at money that way. 0.51

01:02:58.000 It's a completely different perspective.

01:03:00.000 And his emails show that actually.

01:03:02.000 He had that mindset.

01:03:03.000 He literally called people goys in emails.

01:03:04.000 Yeah, of course.

01:03:05.000 That's what he believed.

01:03:07.000 I respect his honesty.

01:03:09.000 Yeah. 0.99

01:03:09.000 He was blatantly honest in the fucking emails. 0.99

01:03:11.000 Look, I have a question for you. 0.99

01:03:13.000 Would you consider yourself smart?

01:03:18.000 High IQ?

01:03:20.000 I've never measured my IQ.

01:03:22.000 What I would say is you measure somebody's intelligence by their ability to get what they want in life.

01:03:26.000 Okay.

01:03:27.000 So I evaluate my life.

01:03:29.000 Have I achieved what I want to achieve?

01:03:31.000 Yes.

01:03:31.000 Good.

01:03:33.000 I asked that because if you had a choice to be either a goy or Jewish, what would you be? 0.97

01:03:40.000 I'm just saying, bro.

01:03:41.000 Come on, man.

01:03:43.000 Luke is the man, bro.

01:03:44.000 Come on.

01:03:45.000 I'm just curious.

01:03:46.000 Bro, I'm actually German. 1.00

01:03:48.000 Oh, shit. 0.99

01:03:50.000 Wait, this is Argentina. 1.00

01:03:51.000 A lot of them gave me hell.

01:03:54.000 Went over there after World War II.

01:03:57.000 No, but no, it's a different level of understanding and manipulating it to your advantage.

01:04:02.000 And he even used to say this in his email.

01:04:03.000 Like, yeah, we control the money markets. 0.99

01:04:05.000 We can make this shit happen, blah, blah, blah. 1.00

01:04:07.000 And they do. 0.99

01:04:07.000 So, and he had a very deep under, even though, like, because as he's talking to Steve Bannon, who's a goy, he's talking about money in a very like, like, I guess, simple level so that he would understand. 0.99

01:04:18.000 But, uh, but it's very obvious that, you know, there's a reason why Les Wexner gave him the money that he gave him.

01:04:18.000 Yeah.

01:04:23.000 I'll just say that.

01:04:24.000 For sure.

01:04:24.000 There's a reason why.

01:04:25.000 Like, the dude understood what the fuck was going on. 0.97

01:04:27.000 And he used how to weaponize. 0.97

01:04:28.000 He also knew how to weaponize it and weaponize it to get into certain rooms to get other people that were, you know, very wealthy and compromise them, even though they had higher networks like Bill Gates.

01:04:41.000 He was blackmail maxing.

01:04:42.000 Compromise.

01:04:43.000 Compromise off of the highest order.

01:04:45.000 Just for the record straight.

01:04:46.000 That's all networking, bro.

01:04:47.000 That's blackmail maxing.

01:04:48.000 Yeah, that was blackmail maxing.

01:04:49.000 We don't networking.

01:04:50.000 That's something completely different, bro.

01:04:52.000 Like, he was weaponizing money at the highest level. 0.99

01:04:54.000 I'll just say, like, he was literally using that shit as a fucking tool, weapon, not to buy things, but to get into certain rooms to get power. 1.00

01:05:02.000 But look at Hollywood. 1.00

01:05:03.000 That's what they do, too.

01:05:04.000 You're a celebrity, you're an artist.

01:05:05.000 You want to be a part of the team?

01:05:07.000 Come with this party.

01:05:08.000 Here's some treats on it.

01:05:08.000 We got you.

01:05:10.000 Yeah.

01:05:10.000 Like, bro, like, these young people don't know.

01:05:12.000 Like, they'll be like, oh, like, Elon Musk is rich as ever.

01:05:14.000 Bro, for decades, like, it was Bill Gates that was the richest guy for sure.

01:05:17.000 For a very long time.

01:05:18.000 So, like, bro, for a really long, for he was the billionaire.

01:05:23.000 The billionaire billionaire.

01:05:23.000 Yeah.

01:05:25.000 When we grew up, he was the billionaire.

01:05:27.000 For 20 years.

01:05:27.000 He was the guy.

01:05:28.000 Like, these young people now, they're like, Elon Musk, Elon Musk.

01:05:30.000 I'm like, bro, Bill Gates was that ninja.

01:05:32.000 Elon didn't exist.

01:05:33.000 Yeah.

01:05:34.000 He was scamming PayPal and trying to find a way to get money that way.

01:05:38.000 And, you know, Tesla this and Tesla that.

01:05:40.000 Oh, now, and now the big scam is he said, we're no longer going to Mars because it's going to take too long.

01:05:45.000 We're actually going to the moon first. 0.74

01:05:46.000 Like, dude, he's a scammer.

01:05:48.000 He's a finesser of the highest order.

01:05:51.000 It's all these, all these markets are cooked.

01:05:53.000 All these books are cooked.

01:05:55.000 Everything is speculation.

01:05:56.000 Everything is sentiment.

01:05:58.000 So now that's why he bought Twitter.

01:06:00.000 He knew that Trump was going to win before why he had all the data sentiment.

01:06:05.000 He had the sentiment data, everything.

01:06:07.000 Well, it was like a big, like 2024 was like a big Trump app.

01:06:11.000 That's why, like, when you see the markets fluctuate so aggressively, is because what would take, you know, two weeks to get across the world when we had the New York Times as a newspaper now, because of X, gets instantly transmitted to everybody right away.

01:06:26.000 Yeah.

01:06:27.000 So everybody reacts to the markets the same instantly.

01:06:30.000 So you have insane price fluctuations that the market has never seen before because now you have the newspaper boy landing from the printing press, right?

01:06:41.000 Which is the typer, the person that's typing to the reader instantly, equally, whether you're on Wall Street or whether you're in Bermuda, whether everybody gets it.

01:06:49.000 Well, I remember the first pump for Bitcoin was when Elon said BTC on the moon years ago and then it flew.

01:06:55.000 But hold on.

01:06:56.000 Look at gold and silver happened recently.

01:06:57.000 If you notice, two days before it dropped all the way down, pretty much, they did a marketing campaign on X about you should buy gold.

01:07:05.000 Gold is going up.

01:07:06.000 Silver.

01:07:07.000 Trying to fish liquidity.

01:07:08.000 I kid you not.

01:07:09.000 The next night, the next night, it started dropping.

01:07:12.000 Next morning, done.

01:07:13.000 I was like, wait a minute, they did a whole campaign, gold silver, pretty drop late the next day. 0.99

01:07:18.000 What the fuck's going on? 0.98

01:07:19.000 It was on purpose. 1.00

01:07:20.000 Absolutely. 1.00

01:07:21.000 Like, what the fuck? 0.99

01:07:22.000 Also, I've noticed with young people, they don't respect precious metals. 1.00

01:07:24.000 Yeah, they don't.

01:07:26.000 Like, young people do not respect. 1.00

01:07:27.000 So I'm actually really surprised that a lot of young people in their 20s and shit. 0.99

01:07:33.000 Like, we're a little bit older, maybe for us. 0.98

01:07:35.000 Like, we understand it.

01:07:36.000 30.

01:07:36.000 How old are you?

01:07:37.000 Oh, yeah. 0.99

01:07:38.000 But like these young people, bro, like in their 20s and shit, like TikTok generation, bro. 0.99

01:07:41.000 These niggas are all like, yeah, they're on crypto and they look at precious metals like, this is whack. 1.00

01:07:46.000 This is lame. 1.00

01:07:47.000 Like, who the fuck buys precious metals? 0.98

01:07:48.000 But I think at the end of the day, like precious metals, I think is really where it's interesting that you like, because you're such a big crypto guy. 0.98

01:07:55.000 I didn't think people saw that you would, you know, come out.

01:07:57.000 I'm huge on, I'm huge on it because whether it's AI robotics, chips, everything is precious metals.

01:08:04.000 Everything is precious metals.

01:08:06.000 Everything uses silver.

01:08:07.000 Silver is an asset that actually isn't just sitting on a vault.

01:08:12.000 It's used for everything.

01:08:13.000 Like we wouldn't be able to stream unless we actually had silver.

01:08:18.000 So it's actually useful.

01:08:20.000 If the internet goes out, I still got silver.

01:08:23.000 Yeah.

01:08:23.000 I still have land.

01:08:24.000 Power outages.

01:08:24.000 Yeah.

01:08:25.000 Like, yeah, you want those precious metals.

01:08:27.000 What would you say to like the crypto bros that like, because you know, I would consider you like a pretty, a very big figure in the crypto space, right?

01:08:33.000 A lot of your money is in crypto. 0.66

01:08:35.000 What would you say to these people that like are like, oh, crypto, everything, fuck everything else? 0.99

01:08:38.000 Because a lot of people that tell people like, fuck the class, you know, diversifying your portfolio, go all in on crypto, fuck the hard assets, fuck the old man money with the, with the banks and the SP 500 and the, you know, index funds and precious metals. 0.99

01:08:51.000 What, what would be your, I guess, your response to that? 0.99

01:08:54.000 I have never met a Bitcoin billionaire that only holds Bitcoin in their balance sheet. 1.00

01:09:01.000 Oh, shit. 1.00

01:09:02.000 There you go. 1.00

01:09:03.000 They're diversified.

01:09:06.000 Bitcoin is a small part of their portfolio.

01:09:08.000 But look, Michael Saylor.

01:09:09.000 What about Michael Saylor?

01:09:10.000 Michael Saylor is selling micro strategy stock in exchange for Bitcoin.

01:09:14.000 The dude's made hundreds of millions of dollars selling his micro strategy stock to speculators.

01:09:21.000 He doesn't need the like, yeah, bro, the guy's loaded.

01:09:24.000 He's a multi-billionaire.

01:09:25.000 If you're speculating, but it's not from Bitcoin.

01:09:27.000 It's before, from other investments, whatever it is.

01:09:30.000 Like the guy already had money.

01:09:32.000 He's living in a $40 million house in Miami.

01:09:36.000 He's not you, right?

01:09:38.000 Like if he loses all his money in crypto, he's still sitting on hundreds of millions of dollars of liquid cash.

01:09:42.000 That's a good point.

01:09:44.000 Yeah.

01:09:44.000 So these guys are doing all these big speculation bets and these big billionaires making these plays.

01:09:49.000 These guys have so much land, so much property, so many assets outside of crypto that even if it went to zero or a billion, it doesn't matter.

01:09:56.000 They're good.

01:09:57.000 They're chilling.

01:09:58.000 So you've been in crypto for a while, expert at it.

01:10:00.000 You've watched the markets.

01:10:01.000 You were, you know, in it, but you said for over 10 years now at this point, I would say, right?

01:10:06.000 You said like 2016.

01:10:07.000 2016.

01:10:08.000 20, 2016.

01:10:09.000 So right around 10 years.

01:10:11.000 What asset classes are you picking up or delving more into since you've kind of like mastered the crypto?

01:10:18.000 And you mentioned that you'd like to diversify.

01:10:20.000 So what are you kind of getting into yourself?

01:10:22.000 So in crypto, first of all, it's understanding what you want to invest in.

01:10:27.000 So gold equivalent to Bitcoin, right?

01:10:31.000 That has its own store of value, how people perceive it, how banks perceive it.

01:10:35.000 Oh, you've been picking up gold or you probably had gold before.

01:10:38.000 I've had gold before, yeah.

01:10:39.000 But once again, even I feel priced out of it.

01:10:42.000 Like I wasn't ready for this.

01:10:45.000 Like, what?

01:10:46.000 Yeah, I ain't gonna lie, bro.

01:10:47.000 When I saw 5,000, I was like, oh, wow. 0.97

01:10:49.000 Holy crap. 1.00

01:10:49.000 Like, if you price your net worth in gold, you're broke as fuck. 1.00

01:10:53.000 Yeah. 1.00

01:10:54.000 Bro, I saw that campaign.

01:10:56.000 I was like, yo, I kind of want to go buy some gold and silver now.

01:10:58.000 Luckily, we have some from before.

01:11:00.000 I was like, it made you want to go buy it.

01:11:01.000 And it, dude, literally the next day, dropped.

01:11:03.000 You know what's funny?

01:11:04.000 There's a clip, bro.

01:11:05.000 Can we, can you go on Twitter? 0.97

01:11:07.000 There's a clip of Grant Cardone talking about gold and how it's kind of a shitty asset class because you can't sell it right now is what he's saying or some shit like that. 0.92

01:11:15.000 Let me know. 0.86

01:11:16.000 I'd like to get your thoughts on it.

01:11:18.000 But it's not true, right?

01:11:19.000 So I saw the video.

01:11:21.000 You know what I'm talking about?

01:11:22.000 The video.

01:11:23.000 The videos?

01:11:24.000 Let's throw it to Mo just so the audience can see it.

01:11:26.000 So they'll know what Luke is talking about.

01:11:29.000 And for the background, just people know.

01:11:31.000 Grant went on Vlad TV.

01:11:33.000 Yeah.

01:11:33.000 And they talked about this with gold because you guys know gold is super high right now, which typically happens whenever there's a conflict.

01:11:40.000 We'll play the video real quick, then we'll get Luke's commentary because I actually am very intrigued to see what he's going to say about this.

01:11:45.000 And for those of you that don't know who Grant Cardone is, heavy real estate investor, you know, he for a very long time, he made fun of crypto.

01:11:51.000 Yes. 0.97

01:11:52.000 But he had Bitcoin the whole fucking time. 0.99

01:11:53.000 Yep. 0.99

01:11:54.000 Right.

01:11:54.000 Like you have to like watch this content.

01:11:56.000 He would secretly, yeah, I got Bitcoin.

01:11:58.000 You know, but he would, he, but he's just recently went public about having a lot of it.

01:12:01.000 Buy my fund.

01:12:02.000 You know, um, but let's go ahead and play this clip and I'd love to get Luke's reaction to it.

01:12:05.000 This is him on Vlad TV talking about gold.

01:12:08.000 I know a guy right now trying to get rid of like 10,000 pieces of silver.

01:12:11.000 He can't.

01:12:12.000 Really?

01:12:12.000 He can't get a real offer on it.

01:12:14.000 Everybody, he's getting a 30% discount below the market. 0.99

01:12:16.000 Damn. 0.99

01:12:17.000 Like this is this is people see it just spiking up like this and they're like, oh my God, gold's at $100. 1.00

01:12:21.000 Go try to sell a fucking shitload of gold. 0.97

01:12:24.000 Go try to sell $10 million worth of gold today and watch what happens. 1.00

01:12:27.000 You're going to have offers 20 and 30% below market because you want to sell your gold now.

01:12:31.000 You're showing your hand, putting your flag up, saying surrender.

01:12:34.000 I want my hundred bucks.

01:12:35.000 You're not going to get $100 for your gold, not in scale.

01:12:38.000 I mean, listen, you're not going to get it tomorrow.

01:12:41.000 Yeah.

01:12:42.000 Much less in five minutes.

01:12:43.000 Gold, same thing.

01:12:44.000 It's got to go get authenticated.

01:12:46.000 It's got to get validated.

01:12:48.000 It's got to get, dude, there's a lot of fake gold, okay?

01:12:50.000 Then somebody's going to have to pay you the money and then you got to get it out of storage, okay?

01:12:53.000 The Bitcoin, the Bitcoin is a real thing.

01:12:56.000 So I can have it tomorrow.

01:12:58.000 I can trade it back to you in five minutes.

01:13:00.000 Like that, that to me is real because Bitcoin to me is not just money.

01:13:04.000 It is technology.

01:13:06.000 Unlike gold or silver or even paper stocks, okay?

01:13:11.000 Paper stocks is a technology, but they can just keep printing the paper forever.

01:13:16.000 All right.

01:13:16.000 What are your thoughts on that?

01:13:17.000 Homie should have been saying this when Bitcoin was $6,000 instead of dissident. 1.00

01:13:22.000 Robot the top at $100,000 with this fund.

01:13:26.000 Here's the thing.

01:13:28.000 Now you can't sell Bitcoin because the premium of the spread is so high because Bitcoin or silver.

01:13:34.000 Excuse me.

01:13:35.000 Gold and silver.

01:13:36.000 Yeah, of course they're a premium because the people that are buying them from you, they need to be able to sell it.

01:13:41.000 So there needs to be a spread because you don't know what the liquidity is specifically of people trying to buy it at that spike price.

01:13:49.000 Give it six months, let it stabilize, and you'll be able to remit that payment instantly.

01:13:54.000 Right now, of course, people aren't going to buy it, but it's not because the books aren't liquid or because it's not worth it.

01:14:01.000 It's because there's a risk profile because the chart is so fast, so quickly.

01:14:05.000 Let it stabilize, and you'll be able to get 100% return on whatever it is that you put.

01:14:11.000 Like, you're not going to get discounted price.

01:14:13.000 I don't see it with Bitcoin.

01:14:15.000 I agree.

01:14:16.000 You have the ability to trade in and out of it instantly.

01:14:18.000 It's super liquid because it's an international market.

01:14:22.000 What I would argue is that Bitcoin aggregates all of the markets of the world into one asset, aka Bitcoin.

01:14:30.000 What Grant is presenting here is that he hasn't found a good buyer for his gold.

01:14:38.000 Yeah, or his buddy, allegedly.

01:14:39.000 Yeah, he hasn't found somebody that's willing to buy it.

01:14:42.000 What Bitcoin does is all of the buyers aggregate into one thing.

01:14:46.000 When it comes to gold, you don't have that.

01:14:48.000 It's more decentralized.

01:14:49.000 There's more markets.

01:14:50.000 And not only like you're looking for a very specific market too.

01:14:53.000 Like, let's be honest, like, most normies are not holding gold and silver.

01:14:57.000 Which is governments and really astute advice.

01:15:00.000 Which is why, which is why, if you're trading Bitcoin, trading gold, you can hold an ETF.

01:15:06.000 Like, you can hold the gold ETF, right?

01:15:09.000 That tracks gold.

01:15:11.000 You can hold XAUD.

01:15:15.000 Yeah, which is your stable version on chain of gold.

01:15:19.000 You can do it in the Forex markets.

01:15:21.000 You can trade paper versions of gold and get out of them instantly.

01:15:25.000 The idea of having physical gold is the idea of having something that is completely uncorrelated with everything else that you're doing.

01:15:33.000 Like you need something that when the, when we go to war, this thing goes up.

01:15:38.000 When we're at peace, this thing is stable.

01:15:40.000 It's just it's a different asset class.

01:15:42.000 Gold needs to remain in its own category.

01:15:47.000 Yeah.

01:15:48.000 Okay.

01:15:48.000 I wouldn't compare it to Bitcoin.

01:15:50.000 Bitcoin's different.

01:15:51.000 So I would have just said, Grant, you should have been on the train long, long before.

01:15:55.000 Yeah, I never thought I'd see that they were making an argument against Grant for cryptocurrency in favor of precious metals.

01:16:03.000 That's crazy.

01:16:03.000 We should have a debate between Grant and Levi.

01:16:05.000 That'd be hilarious, bro.

01:16:06.000 Yeah, that'd be interesting.

01:16:07.000 It would be interesting.

01:16:08.000 But yeah, Grant has definitely undersold his interest in cryptocurrency for a while.

01:16:11.000 And I've noticed a lot of these establishment guys, whether they're an investment banking or yeah, like they've like quietly been picking up cryptocurrency and not talking about it.

01:16:22.000 And like now everyone's going public about it when it went ETF and became an ATF, et cetera.

01:16:25.000 But like for many years, they laughed at it. 0.99

01:16:27.000 Bitcoin, ah, that's just bullshit. 0.99

01:16:28.000 Like all these like legacy type investment guys. 1.00

01:16:30.000 They're buying money.

01:16:31.000 Yeah, but they were always buying it on the low base.

01:16:33.000 And they never really actually took the time to study the technology.

01:16:36.000 They never actually took the time to stop and be like, hmm, maybe the internet actually needs its own currency.

01:16:44.000 Yeah.

01:16:44.000 These guys aren't thinking like that because they're old heads, right?

01:16:47.000 It's just like, that's why all these new crypto kids came in and just made a killing.

01:16:51.000 Yeah.

01:16:52.000 Sure.

01:16:52.000 Okay.

01:16:52.000 So I'll read chats and then we'll do some after ours with some lovely ladies here in a little bit.

01:16:57.000 It's already almost 11 o'clock.

01:16:58.000 Any more chats?

01:17:00.000 Okay.

01:17:01.000 Probably questions for Luke and we'll fly through these.

01:17:03.000 Kobe says, I work a sales job at Verizon.

01:17:06.000 Not going to lie, making good money, 120K plus per year.

01:17:09.000 Good stuff. 1.00

01:17:09.000 They treat me like shit, though. 1.00

01:17:10.000 I hate door-to-door. 1.00

01:17:11.000 What's the best sales job in y'all opinion? 0.98

01:17:13.000 Dude, that's all sales is going to suck. 1.00

01:17:15.000 So what I would say to this is, first of all, the fact that you're even mentioning that they treat you like shit. 0.99

01:17:22.000 It just, bro, you're making $120,000. 1.00

01:17:25.000 Like, chill the fuck out.

01:17:26.000 It's okay if they treat you. 0.77

01:17:28.000 Like, you're not, you're doing sales.

01:17:31.000 What I would do is I would do remote online sales versus door-to-door.

01:17:35.000 What, how old is this guy?

01:17:37.000 Maybe you can do another chat since you're a rich guy.

01:17:39.000 You can probably do another $10 and tell us how old you are.

01:17:42.000 I think age is important to answer the question.

01:17:45.000 Answer the question.

01:17:46.000 All right.

01:17:46.000 Because if you're 21 versus 30 and married.

01:17:50.000 Yeah, you can take significantly more risk.

01:17:52.000 I see what you're saying.

01:17:52.000 Yeah.

01:17:52.000 No, that's true.

01:17:53.000 That's true.

01:17:54.000 To dispense the best advice for you, yeah, you do have to know certain things.

01:17:58.000 What else do we got here?

01:18:01.000 Always love the Belmar Collabs.

01:18:03.000 When is your book coming?

01:18:04.000 So I've been working on a book on just my principles of living, just like the guiding principles that have allowed me to live a good life.

01:18:12.000 When are you dropping it?

01:18:13.000 I think at the end of the year, I'm just finally.

01:18:16.000 When you drop it, dude, make sure you do come back here and we'll be able to do it.

01:18:19.000 It's supposed to be a simple read.

01:18:20.000 It's supposed to be something that just sits on your nightstand and you just pick up and read for two minutes.

01:18:24.000 And it's just like, it's a principle of like, hey, like, this is something I can carry with me for the day.

01:18:28.000 So I just want to keep it simple.

01:18:30.000 Okay.

01:18:30.000 Do you still DJ?

01:18:31.000 Yeah, dude.

01:18:32.000 I've been off of the scene for about seven months.

01:18:35.000 Yeah.

01:18:37.000 I like it, but it became, it became, everybody started doing it.

01:18:39.000 I'm just like, nah, bro, I'm good.

01:18:41.000 I feel like he was crazy.

01:18:42.000 Everybody became a DJ.

01:18:44.000 Everybody's out here doing parties. 0.98

01:18:45.000 I'm just like, I'm just going to go hang out with my friends, hang out with my family, just actually stop hanging out with these fucking weirdos that I don't know, taking my girl to a place where people are just laying eyes on her. 1.00

01:18:57.000 Fuck that. 1.00

01:19:00.000 You know what's crazy? 1.00

01:19:01.000 So the scene was first rap, hip-hop.

01:19:04.000 Now it's moving to house music.

01:19:05.000 And everyone's a DJ.

01:19:06.000 I'm like, nigga, you were doing rap yesterday. 1.00

01:19:08.000 What the fuck's going on? 1.00

01:19:09.000 Like, what is this shit, bro? 1.00

01:19:11.000 They're trying to fit in, bro. 1.00

01:19:13.000 Yeah.

01:19:14.000 We just got to keep it simple, you know?

01:19:15.000 But I will say this: the crowd there, some are definitely weird, but there are some rich people there, billionaires, millionaires.

01:19:21.000 Oh, yeah.

01:19:21.000 EDM.

01:19:21.000 EDM attracts.

01:19:24.000 Dude, for sure.

01:19:24.000 Like, I'm not saying it's not a good timer that you can't have fun.

01:19:27.000 What I'm saying is just like, unless you're doing VIP, bro, if you're in the fucking bitch. 1.00

01:19:31.000 Oh, yeah, nah, yeah. 1.00

01:19:33.000 Not doing that sweaty, Jeet trendy shit. 0.99

01:19:35.000 No, you can't, dude. 1.00

01:19:36.000 Especially if you're like famous and shit. 1.00

01:19:38.000 Nah, hell nah, bro. 1.00

01:19:39.000 You can't.

01:19:40.000 VIP only.

01:19:40.000 TBC Film says, how do you feel about the coin market like holding certain pennies due to the penny no longer being made anymore?

01:19:47.000 That's an interesting question.

01:19:48.000 Yeah, they did this stop production of the penny.

01:19:49.000 I think it was either late last year or this year.

01:19:52.000 What are your thoughts on that?

01:19:52.000 Luke, if you have anything else.

01:19:54.000 It's like asking, hey, are Pokemon cards going to go up?

01:19:57.000 It's all supply and demand.

01:19:59.000 Copper is going to do well.

01:20:00.000 It's a precious metal.

01:20:02.000 There's going to be a high demand for it, whether you're doing it from a penny or whatever.

01:20:07.000 It's arbitrage.

01:20:08.000 What he's basically saying is, I found an arbitrage method where you can make money on your arbitrage of this asset class.

01:20:15.000 Exploit it.

01:20:16.000 Yeah.

01:20:17.000 Okay.

01:20:18.000 What else we got here?

01:20:19.000 How do I go about investing to make passive income?

01:20:21.000 No such thing as passive income.

01:20:23.000 You need to work on everything.

01:20:25.000 Even if you have a property, there's no such thing as passive.

01:20:29.000 If it takes one ounce of energy from your mind, it's no longer passive. 0.98

01:20:33.000 Damn, that's a good point. 0.99

01:20:34.000 Yeah. 0.98

01:20:35.000 But I would say if I he's saying like with the least work possible, real estate could be a one-way, but like at the same time, that it does, like people all think like, oh, yeah, maintaining real estate is the easiest thing ever. 0.99

01:20:46.000 Bro, it's a pain in the ass, man. 1.00

01:20:48.000 It is a pain in the ass. 1.00

01:20:49.000 It's not easy. 0.99

01:20:49.000 I told you I'm into my property. 0.99

01:20:51.000 Oh, yeah.

01:20:52.000 Is the power still down?

01:20:52.000 Yes, bro.

01:20:53.000 Oh, my God.

01:20:54.000 Yes, another one up.

01:20:55.000 The power line went out next.

01:20:56.000 Someone crashed the car.

01:20:57.000 It's out.

01:20:58.000 So many variables outside of your control, dude. 1.00

01:21:00.000 No, they're mad at me and like, nigga, what the fuck? 1.00

01:21:01.000 Bro, I love y'all niggas. 0.99

01:21:02.000 Man, I wish I had power too, but it's not my fault.

01:21:04.000 Yeah, so what?

01:21:05.000 Someone's running from the cops to knock the power line?

01:21:07.000 Yeah, so get this.

01:21:08.000 I have to go to the code committee in Florida to get it approved by FPL to put the lanes back. 0.93

01:21:13.000 I'm like, nigga. 0.79

01:21:13.000 And it takes a week. 0.79

01:21:15.000 Wait, is it only your house that's out?

01:21:17.000 It's got to be the whole street.

01:21:18.000 Only mine.

01:21:20.000 Tenants are pissed, but I'm like, dude, it's not my fault.

01:21:22.000 But building codes, got to follow the rules, I guess.

01:21:26.000 All right.

01:21:26.000 Whatever.

01:21:29.000 Armat says, I'm 23, have about 25k saved.

01:21:31.000 I invest in my Roth IRA and dollar cost average into crypto, specifically Solana and XRP.

01:21:38.000 Would you guys recommend I focus on ETH and Bitcoin?

01:21:40.000 Or my Roth is Solana promising?

01:21:43.000 I'll let Luke take that one.

01:21:45.000 If you invest in a Roth 401k, any of these things are all scams.

01:21:49.000 There are ways for funds to take your money, take their carry fee and take your money.

01:21:56.000 If you're going to, so you're not a fan of 401ks?

01:21:59.000 I'm not a fan of any of having other people manage my money.

01:22:03.000 I'm not a fan of putting my money in it, disappearing, and not being able to touch it.

01:22:09.000 And I have to wait till a certain year because if I did say you're a liquid guy, so that makes sense.

01:22:13.000 Yeah, it's just like weird, like all these rules and stipulations for me to get my money back and then I have to wait X amount of years.

01:22:19.000 If not, you lose 20%. 1.00

01:22:20.000 Bro, fuck out of here, dude. 1.00

01:22:21.000 Give me my money. 1.00

01:22:22.000 I'm going to buy some Bitcoin. 0.82

01:22:23.000 Get the fuck out of my way. 0.97

01:22:24.000 Yeah. 0.97

01:22:25.000 You know, it's interesting.

01:22:26.000 Like, so like 401ks is like a hater love it, right?

01:22:31.000 Like, there's people that are like, swear by it.

01:22:32.000 They're like, it's great. 0.99

01:22:33.000 It's, you know, and then there's other people like you, like, yo, it's bullshit, whatever. 0.97

01:22:37.000 You know, Grant Cardone also says it's 4012. 1.00

01:22:39.000 It's bullshit. 0.99

01:22:40.000 As a guy that used to work for the government, I see its purpose. 1.00

01:22:42.000 Like, for normies, it's stupid proof, right? 0.98

01:22:45.000 They match, you know, because most people don't look at money the way that we do. 0.99

01:22:49.000 They look at it as like a means to an end and they're a material problem.

01:22:52.000 Again, it's a fine, it's selling convenience at the cost of a very poor financial instrument.

01:23:02.000 That's what it is.

01:23:03.000 Yeah.

01:23:03.000 It's not that you can't make money on it.

01:23:05.000 It's that it's not the best vertical available.

01:23:08.000 Yes. 0.99

01:23:09.000 But it is the only available vertical if you're a retard. 1.00

01:23:13.000 Yeah. 0.96

01:23:14.000 And that's really what it is. 1.00

01:23:16.000 It's literally stupid proof. 0.99

01:23:18.000 You can't take your money out. 1.00

01:23:19.000 You get this much.

01:23:20.000 You put 5%.

01:23:21.000 We pull 5%.

01:23:22.000 It's literally like, yeah, it's.

01:23:24.000 And then they use your money for themselves to make more money.

01:23:26.000 Oh, yeah.

01:23:26.000 So they make money off of your money.

01:23:28.000 Yeah.

01:23:28.000 And meanwhile, you got to wait 30, 40 years.

01:23:30.000 Whereas you could have taken it in that time and done way more with it.

01:23:33.000 Exactly.

01:23:33.000 Right.

01:23:34.000 Wall Street.

01:23:35.000 Yeah.

01:23:35.000 But, but no, that's, you get our, yeah.

01:23:37.000 I mean, that's 401k is literally for normies.

01:23:40.000 Comedy skit says, great show.

01:23:41.000 Question for Luke besides Bitcoin, Ethereum, and Solana.

01:23:43.000 What three coins should we buy?

01:23:45.000 You called earlier.

01:23:46.000 Yeah.

01:23:46.000 So a couple, I'll re-emphasize on them.

01:23:48.000 These are ones that I stand behind.

01:23:51.000 You have Solana.

01:23:52.000 I think Solana is going to do well.

01:23:53.000 Oh, you mentioned Solana.

01:23:54.000 Okay.

01:23:55.000 We're going to have Hyperliquid.

01:23:57.000 Hyperliquid right now is what is going to be called the house of finance.

01:24:02.000 Everything that's taking place, it's top 20, I think, or top 15 crypto projects.

01:24:07.000 It's the only profitable crypto project, one of the few profitable crypto projects that actually has a token.

01:24:12.000 They make about $2 to $3 million a day in fees from trading. 0.98

01:24:16.000 Damn. 0.99

01:24:17.000 Ton of money. 1.00

01:24:18.000 Billion dollars.

01:24:19.000 All last last year went back into token buyback.

01:24:22.000 Right now, I think we're sitting at about $30 for hype.

01:24:25.000 If Bitcoin goes down, it'll probably get affected.

01:24:28.000 But I see hype going to $300, $400, $500, getting repriced.

01:24:32.000 We have Keta, which we call the XRP killer right now sitting at about 25 cents, which is about 125 mil market cap compared to 30 or 40 billion dollar market cap with XRP.

01:24:44.000 The differentiation is very big, and they're closing massive deals.

01:24:48.000 And that's the two alternative plays right now.

01:24:50.000 I would say Hyperliquid and Keto, the two big ones.

01:24:53.000 Outside of like the conventional assets, Bitcoin.

01:24:55.000 This is one thing for all you guys that don't sit there and say, oh, Luke is shilling a thing.

01:24:59.000 Guys, look, he's responding to a question.

01:25:01.000 He already talked about it.

01:25:02.000 No, it's like, it's like, go research what I just mentioned.

01:25:05.000 Yeah.

01:25:05.000 Go research Keta.

01:25:07.000 Go research Hyperliquid.

01:25:08.000 Go spend 10 hours, 20 hours doing the research, and then come back and post your comment. 1.00

01:25:12.000 Otherwise, shut the fuck up. 1.00

01:25:13.000 Yeah. 1.00

01:25:13.000 Well, you know, people always take it out of cars. 1.00

01:25:15.000 It's like, look, you're showing this coin.

01:25:16.000 It's like, no, you missed a whole other part where we talked about the stable coins, what's safe, what's not.

01:25:20.000 You missed a whole part about precious metals, right?

01:25:22.000 People, I've noticed that whenever I bring like you on or someone that like does crypto, like they'll clip the one part where they'll talk positively about like an altcoin.

01:25:30.000 And like, see, they're showing this coin.

01:25:31.000 It's like, you missed the whole other part where they said only get into this with expendable income.

01:25:34.000 That's true, bro.

01:25:35.000 You know, it's like collective hearing.

01:25:37.000 Give them the 401k, bro.

01:25:38.000 Yeah, yeah, yeah.

01:25:39.000 Yeah, 401k, bro.

01:25:40.000 Yo, just put the 401k in the back, bro.

01:25:42.000 There you go.

01:25:42.000 Just put the 401k in the back.

01:25:46.000 What else do you got?

01:25:47.000 I want to know what your thoughts were.

01:25:48.000 I've invested in ADA since 2022 and was able to buy my first property with the returns.

01:25:52.000 It's a price point of 2022 prices.

01:25:55.000 Consolidate or buy BTC?

01:25:56.000 Buy Bitcoin.

01:25:57.000 There you go.

01:25:58.000 Yeah.

01:25:58.000 Guys, it's about, guys, it's about protecting your money.

01:26:02.000 Protect your people.

01:26:03.000 Do you think it's too high right now for them to get in at 70?

01:26:05.000 Or is this their chance?

01:26:06.000 Once again, dollar cost average.

01:26:08.000 Right?

01:26:09.000 Like, if you have $1,000, $100 a week.

01:26:13.000 Oh, well, what if it goes up?

01:26:15.000 Too bad.

01:26:18.000 Yeah, it's your fault. 0.99

01:26:18.000 You went that damn long in the first place, honestly. 0.99

01:26:22.000 For the first time investing, is it a good idea to pay a financial advisor to do it or figure it out for yourself?

01:26:26.000 And what's the best platform to use to invest?

01:26:28.000 There's plenty of free content on the internet to learn how to invest into basic assets.

01:26:33.000 Bro, you can go on Twitter.

01:26:35.000 There's billionaires.

01:26:37.000 Just follow every single billionaire that you can that is known to have been in Bitcoin or in crypto early on.

01:26:42.000 Turn your notifications on to their tweets. 0.92

01:26:44.000 If they're not shit posting and they post actual valuable content, learn from them. 0.97

01:26:47.000 Yeah, I'm not a fan of people doing it for you, bro. 0.98

01:26:50.000 Everything available.

01:26:51.000 If anybody does anything for you, it means you're handicapping yourself.

01:26:57.000 Yeah.

01:26:57.000 And when it comes to money and finance, bro, that's a very sensitive topic.

01:27:01.000 Nobody should be involved between you and your finances. 0.99

01:27:05.000 And if you're that lazy about it, damn, like just get an index fund, bro. 0.98

01:27:08.000 Just get an index fund that tracks the SP 500 or get ready to lose your money. 0.99

01:27:12.000 Yeah.

01:27:13.000 Because, you know, at least with index funds, like, you know, they just work, right?

01:27:17.000 And, you know, you track something stable like the total stock market index or the S ⁇ P 500. 0.93

01:27:22.000 And, you know, that's better than giving it to like an investor that's going to do the same shit pretty much. 0.97

01:27:27.000 We got Top Shea. 0.99

01:27:28.000 Welcome, Luke.

01:27:29.000 NFNF Productions.

01:27:30.000 Question to Luke.

01:27:31.000 Thoughts on banking programs and CD rates and CD as a whole?

01:27:35.000 Shout out, Top Shea. 0.95

01:27:38.000 I just fucking anything that I just don't live with banks. 0.99

01:27:43.000 I operate with cash. 0.97

01:27:45.000 I operate with Bitcoin.

01:27:47.000 Like, I'm done with the traditional legacy system.

01:27:50.000 I can't support it.

01:27:52.000 Like, I can't support it.

01:27:52.000 If you support it.

01:27:53.000 Like outside of your cash that you have, like, you probably have that in a bank.

01:27:56.000 You don't even keep that.

01:27:58.000 Bro, I'll tell you offline.

01:27:59.000 Like, my whole setup, bro, my whole setup is completely different.

01:28:02.000 I'm in Puerto Rico.

01:28:04.000 I operate off of capital gains.

01:28:06.000 Like, I do Ave swap loans.

01:28:09.000 Like, I, I, like, I'll collateralize my Bitcoin and then pull out a loan tax-free.

01:28:15.000 Like, yeah.

01:28:16.000 Right.

01:28:16.000 So there's a process.

01:28:18.000 Yeah, there's a process.

01:28:19.000 That's what the wealthy do, bro. 1.00

01:28:20.000 They literally just take loans on their fucking assets, bro. 1.00

01:28:22.000 Cause there's no taxes. 1.00

01:28:25.000 So I'm playing a different game.

01:28:27.000 Yeah, like collateralization. 0.99

01:28:27.000 Like, I don't need the fucking bank anymore. 0.99

01:28:30.000 I'm my own bank. 0.99

01:28:31.000 Yeah.

01:28:32.000 Yeah.

01:28:32.000 And especially having controversial views, man.

01:28:34.000 The banks are. 0.98

01:28:36.000 Who gives a fuck whether you make three or four or five percent on your bank when they're inflating. 0.99

01:28:41.000 If you're lucky. 0.98

01:28:42.000 If you're lucky.

01:28:43.000 Yeah, if you're even lucky.

01:28:45.000 You won't even get, you won't even get, bro.

01:28:46.000 Their high yield savings won't even get barely get you five.

01:28:49.000 So it's like, might as well just hold USDT and stake it for 3%.

01:28:53.000 Yeah.

01:28:54.000 Like, might as well hold Ethereum and stake it for 4%.

01:28:58.000 Yeah.

01:28:59.000 Yeah.

01:29:02.000 Anything else?

01:29:04.000 All right.

01:29:05.000 We got to fly through these because it's already 11 over 11 o'clock.

01:29:08.000 We could do these on outdoors.

01:29:09.000 You want to?

01:29:10.000 Yeah, because we can do that.

01:29:12.000 That's fine.

01:29:13.000 All right.

01:29:13.000 And now, guys, we got Luke stand by with some girls.

01:29:16.000 Can you do a Zoom call with the guys?

01:29:18.000 Yeah, we'll do a Zoom call.

01:29:19.000 Guys, what do we call with you guys with Luke?

01:29:21.000 One-on-one.

01:29:22.000 That's what is there.

01:29:23.000 Cool.

01:29:24.000 Cool.

01:29:24.000 All right.

01:29:25.000 We are going to be back with some ladies, guys. 1.00

01:29:28.000 Stay tuned.

01:29:28.000 We'll be back in a little bit.

01:29:29.000 And yeah.

01:29:30.000 Peace.

01:29:30.000 Give us like 15, 20 minutes.

01:29:32.000 Good segment.

01:29:34.000 I ran so far away.

Fresh & Fit - February 10, 2026

Luke Belmar Talks Crypto Market Dip and What’s Coming Next

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