In this episode, we have our first guest on the show, Don LeMarco, CEO of Dromos Labs and Co-Founder of the Crypto Mindset Course, and co-founder of Dollar Cost Crypto, Miguel Armenta. We talk about how he got into crypto and why he thinks Bitcoin is going to hit $20,000 by the end of the year. We also talk about his experience with Bitcoin and some of his thoughts on the Bitcoin halving.
00:19:14.000I run a YouTube channel called Cultivate Crypto.
00:19:17.000Also co-founder of the Crypto Mindset course with Miguel back in 2020.
00:19:21.000And yeah, it's been interesting the type of people we kind of have had exposure to through the course and everything.
00:19:29.000Just, what was it, on Wednesday, I had the founder of Aerodrome, which is what do you call it, like a Dexon base that's doing really well, which is built by Coinbase, right?
00:19:40.000He's a co-founder of Aerodrome, and he's a CEO of Dromos Labs, which helps build out Aerodrome.
00:20:46.000And he said basically they're going to take on Uniswap, which is the largest DEX pretty much in the world on Ethereum because Aerodrome's going over to Ethereum layer one.
00:20:56.000So yeah, like we've had like hedge funds come into the crypto mindset course and basically listen in, try to see if they get any other research they didn't find.
00:21:05.000We have people who are brand new to crypto that don't know anything.
00:21:07.000Their family wants to get them used to it.
00:21:10.000So we've had a lot of experience with various different types of students.
00:21:13.000It's just interesting to hear kind of where their paths end up at the end of the day.
00:21:18.000We really enjoy, you know, whatever the price of Bitcoin is, basically telling people about it because it's one of those things when price is down, that's when people really need to hear and know about crypto, what it's going, where it's going, all that stuff.
00:21:32.000But people don't want to accept the fact until it hits a new all-time high.
00:21:47.000I mean, we had got like when Bitcoin hit like 120,000, there was guys on YouTube going all in into like Bitcoin, Ethereum, or going all in.
00:21:55.000We're like, why weren't they buying at 15?
00:21:56.000Like the last time we did a mega course was back in basically quarter four of 2022.
00:22:02.000Your guys were buying Ethereum under $1,000 and we were buying Bitcoin under $20,000.
00:22:44.000So let's just say, so like, let's just do the 5K scenario for a second and then we will do the 50K scenario because it is a little different.
00:22:50.000When you got more firepower, you can go.
00:22:52.000When you don't have as much money, time is your friend, right?
00:22:56.000Because, you know, a guy that has $5,000 might get eventually just like, fuck it, I'm going to throw it all in.
00:23:01.000They got no more money, but it doesn't matter right now because in the next year, we have incredible prices on both Bitcoin, Ethereum, Solana, Aerodrome, other coins that we like.
00:23:09.000So you have time to kind of DCA dollar cost in and you're getting a really good average price.
00:23:14.000So by 27, by like the same time in 27, you're going to be in profit on all those coins.
00:23:18.000Like it's usually, you know, you can't say that in crypto very often where you can like, I could almost like 99% chance to almost a guarantee, but you can't really, but like an almost guarantee a year from now, you're going to, we're going to be in more profit than we are right now, which is really good.
00:23:31.000Real quick, guys, gear chats and questions in.
00:23:33.000I know you guys want to ask questions because this is very important.
00:23:35.000And guys, AI is coming so fast to this, I want to say workforce and economy.
00:23:41.000If you're not ready by now, guys, by 2030, we're going to be pretty much in that zone where nothing's going to be focused on humans, more focused on AI.
00:23:50.000One thing with both of our platforms that we're highly encouraging is people find some sort of side hustle or way to generate income, more income through AI.
00:23:58.000So we have in the crypto mindset course, we have like 20 webinars and two or three of those are dedicated to AI simply because we think if somebody, if every if people aren't paying attention to it now, right?
00:24:11.000It's not only going to come in like the regular world and displace people at work, people can use that to their advantage now, right?
00:24:17.000Make the AI that's going to replace you or like make the AI agent that's going to replace you and then basically use that to like get up in the company.
00:24:27.000But even in crypto, what we saw in investment banking in the 90s was you used to have to call a broker and know a guy if you wanted to buy stocks on Wall Street and say, hey, how much do I want to buy for what?
00:24:39.000And he put in the order, all that kind of stuff, right?
00:24:42.000Then by 2010 or even before 2008, when the crash happened, you had low latency trading where all the Wall Street companies were basically putting their servers as close to the center of Manhattan as possible so they could be as close to the trading so they could do that crazy algorithmic trading.
00:25:36.000We have a pro-crypto government, right?
00:25:38.000But, you know, we have the, I believe the SEC and the FTC basically joined together and said, hey, we're no longer going to have a gang warfare over because they're basically fighting with each other to have control over a crypto who's going to regulate it.
00:25:49.000So it says, all right, we're going to regulate it together.
00:25:52.000But whenever we do anything, we're both going to agree on it.
00:25:55.000So now it's kind of like we've got, now it's more of a middle ground because it's been a big fight over like, is crypto a commodity versus a security?
00:26:02.000And now it's kind of like, it's, it's kind of both really in a weird way.
00:26:04.000So it's like, it's kind of melding together.
00:26:06.000But Walsh is buying a lot of crypto, aren't they?
00:26:09.000So like, just to go back, just go back to that earlier question about the 5K guy.
00:26:15.000So the, like, as basically what I'm recommending to our guys, let's just say the guy who's got 5,000 right now, he's probably going to put $1,000 a month, right?
00:26:24.000What I would tell somebody is like, buy $300,000 to $400 of crypto right now.
00:26:29.000Put the other $600 into USDC, which is basically cash, a coin on Coinbase called it's a dollar coin, basically, right?
00:26:36.000Because over the next few months, as the price is like, well, we're going to pump up a little bit and then go down, that down period is going to be the low for the year.
00:26:43.000That's where you smash in and you put in that extra USDC.
00:26:46.000And then that's where you put those extra $5,000 in.
00:26:48.000Because it's kind of like you can buy a thousand bucks and then take a thousand of that $5,000 in.
00:26:53.000And then as it gets lower, then you've saved up a little bit of USDC on chain because what happens is when prices really drop fast, Coinbase won't work.
00:27:01.000But you can use that USDC to buy on Ethereum and it won't ever shut off.
00:27:06.000So this is how I was able to get like, you know, $700, $800 Ethereum.
00:29:09.000But to talk about the guy who requests 50,000, that's a different position because that's that's got a lot of money.
00:29:13.000If a person's got 50 grand, they also are probably making a little bit more.
00:29:16.000That's a person that probably can buy about 3,000, 4,000 or 5,000 a month, right?
00:29:21.000That's a weird one where, like, same thing.
00:29:23.000I'd probably say like half of what they make a month, they could buy Bitcoin, Ethereum right now.
00:29:26.000I'd only focus Bitcoin, Ethereum, maybe some Solana, right?
00:29:30.000And as here's what, here's what's interesting about it because Bitcoin is going to fall below a trillion dollar market cap, right?
00:29:36.000It's going to either hit a trillion or just slightly below it.
00:29:38.000As long as we don't get the stock market imploding, like if we get AI bubble popping and it just all goes to shit, then we can get some really good S prices.
00:29:45.000What's the next mixed event you think could happen to trigger the market to move?
00:29:49.000Like, what's the biggest thing happening?
00:29:54.000Yeah, I think for the upside, yesterday, BlackRock came out with the staked Ethereum ETF, which they already had the regular spot Ethereum ETF, but this is the same thing, but staked.
00:30:08.000So basically, they're going to stake the Ethereum for everybody, and then they get a certain yield.
00:30:12.000They give most of the yield back to the customer.
00:30:14.000They take a little bit for themselves.
00:32:02.000So even what's happening right now is because right now, boomers are still in the, most of them are still are working, can work, but they've hit the point where they're able to withdraw from the 401ks now.
00:32:13.000So a lot of them are still speculating.
00:32:15.000There's like basically, I would say about 80% of boomers, they don't have enough money to retire.
00:32:20.000They have money there, but not enough to like live off for the rest of their life.
00:32:43.000So crypto is one of the best ways because you can actually multiply your money, do that multiple times, and have like a retirement plan in it.
00:32:50.000Well, that's kind of the, I don't know what you want to call it, like the hidden like positive, I guess, that Ethereum didn't hit a new all-time high yet this cycle.
00:33:45.000Mr. Beast is creating an app, basically a financial service app that basically will help to promote Ethereum, probably be able to stake it on there, right?
00:34:15.000Yeah, but Chamoth's investment record is pretty terrible.
00:34:18.000As like, he made a bunch of SPACs, which are just basically you can VC invest, but in like a stock form into these companies, and they've done really bad.
00:34:27.000Like it's he's getting a lot of shit for it, but he made you know, he made a billion dollars off of this stuff.
00:34:32.000But like basically, all of like that guy's friends and stuff are in like kind of Trump cabinet positions in terms of like, you know, they're in the government telling them like pushing crypto regulation.
00:35:08.000So if you look at the SP 500, just like as a whole, if you buy the SP 500 and then you basically take it against inflation, you're at a break even.
00:35:29.000It shot up before, but had been like kind of languishing for a very long time.
00:35:33.000Whereas for Bitcoin, and you can include Ethereum in this for the most part, I think Bitcoin's average since its beginning has been 130% year-on-year increase.
00:35:43.000Of course, three out of four years, it's going to do pretty well.
00:35:46.000And then one out of four years, it's going to go down, which is 2026, basically, which is an opportunity, right?
00:35:52.000And so if you look at that long-term, like over five, 10-year period, Bitcoin and Ethereum, just by buying and holding, are going to outpace every other traditional asset virtually guaranteed, unless for some reason they were to absolutely collapse or whatever, which everybody's been saying for the last 15 years.
00:36:09.000And now Wall Street's basically heavily investing.
00:36:11.000So what do you think is going to happen, right?
00:36:13.000It's only going to expand pretty much.
00:36:15.000And so just on returns, that's better.
00:36:18.000And then Ethereum, if you do end up doing the staking because you end up getting into it and having a larger amount, then you get those dividends on top of that.
00:36:26.000And so just purely based on what's going to make you the most money, if you're looking at a five, 10 year period, it's 100% going to be Bitcoin, Ethereum.
00:36:34.000And then if you want to add Solana onto that mix, you can.
00:36:37.000I would say Bitcoin, Ethereum are the only coins that you can say are going to be here for a very long time.
00:36:44.000I think it has another four-year cycle to go before it's like solidified in that position.
00:36:48.000Excuse me, solidified in that position.
00:36:50.000Subi, as an example, it's got an ETF that came out.
00:36:54.000It actually had the first staking ETF even before Ethereum.
00:36:57.000And so you could sell Wall Street is heavily focused on SUI, but they're not going to start buying that heavily until sometime next year, probably the second half.
00:37:48.000Because it's going to make some money because some of the things that they're trying to do are these guard railings, these railings they've been trying to put in are finally going to start going in now.
00:37:55.000So like this time it might actually do some run.
00:37:58.000So I'll probably buy some, but it hasn't gone cheap enough for me to buy it.
00:38:01.000So just for the audience here real quick, let's say I'm putting this into categories.
00:38:05.000Should I focus more on stable coins or meme coins this cycle?
00:39:10.000There's a lot of accounts on YouTube or crypto Twitter that they post scenarios, like a different scenario every day, and then they delete all the old ones.
00:39:19.000And they see, I told you guys, well, like, well, bro, you made like 14 different posts about different things that's going to happen.
00:39:25.000Like, they do, there's a lot of that right there.
00:39:28.000There also was kind of this, you know, there's kind of a grift about it.
00:39:33.000I mean, obviously, like, you know, we took some profits.
00:39:35.000You know, we told our guys to take some profits in quarter four.
00:40:35.000I said, I'm holding these two meme coins, but they're like little, like, I'm talking about like a couple thousand bucks, you know, cheap stuff, nothing crazy, right?
00:40:42.000And I sold all the other majors ones off, you know.
00:40:45.000Well, what is the mindset you have to have to put money in there versus other places?
00:40:49.000Because for example, let's say I'm struggling.
00:42:31.000Well, where we help Japanese people who speak English get into uh international jobs or international people get into more Japanese company jobs so that way those companies can expand internationally.
00:42:44.000Uh, there's a company called Team Viewer, which I hired their CEO.
00:42:46.000Oh, Team Viewer, we used that, yeah, yeah, I heard their first Japanese CEO.
00:42:51.000They built the whole office there, went to Frankfurt, you know, met them and everything.
00:42:57.000Um, I need to go over there, Charlie's got receipts, dogs.
00:42:59.000I got receipts, yeah, but so like I was in the highest earning year, right?
00:43:02.000I was doing really well that year, and um, I had a bonus uh after I had already had the Ethereum play hit, right?
00:43:10.000I had a bonus in August of that year, it was about fifty thousand dollars, and I was just like this Ethereum thing's doing pretty good, you know, like it's doing pretty good.
00:43:22.000So, you know, but put it all in, I didn't have any Bitcoin at the time, I wanted some Bitcoin, so I was like, okay, the risk versus the reward, right?
00:43:33.000Because I did a gamble, I didn't know it was like it was partially a gamble.
00:43:36.000I mean, I at that point, I was like, this shit is awesome.
00:43:40.000And the one thing I guess you get when you're brand new to crypto that it's kind of like blinders a little bit is like you think it's gonna last forever, right?
00:43:48.000Oh, this train's never gonna end, baby, yeah, right.
00:43:51.000So, how hot that year was you were talking about the 2017 year, 2017, yeah.
00:43:55.000That was the hottest market I've ever been a part of.
00:43:58.000It was good, anything you touched was gold, it was the hottest shit.
00:44:02.000So, I saw the 2021, 20, no, when was it 23 or 20?
00:44:07.000Well, you started when I saw the guys in Miami popping off, what year was that?
00:44:11.00021, 21, I was like, okay, this is infinite money.
00:44:14.000Yeah, you're spending one Bitcoin in a club to pop a bottle, yeah, you thought, dude, they're pingos to stay at their cribs, yeah, like for months.
00:44:20.000I'm like, months, this is stupid money, yeah.
00:44:22.000But they said, you know what, I bought some Bitcoin, I'm chilling.
00:44:48.000And so, then, after I like in Japan, in order to be able to do that, had to go to like a convenience store.
00:44:53.000I think they only let me put like $8,000 or $10,000 in at a time.
00:44:57.000So, I went to the convenience store like the whole week, and I was just like following money in Taking stuff out of the ATM, throwing it at the cashier, like, hey, let's get this in there, right?
00:45:06.000And that was in August of 20, August, September of 2017.
00:45:09.000We had about three or four months more of upside there.
00:45:11.000So I made a really good bag and, you know, had a few small coins that hit like Verge is the funny one we talk about, where I hit like, it went from like half a penny to 30 cents.
00:45:25.000But like, so it was a good time, right?
00:45:27.000But then that kind of opened my eyes to like, okay, what is possible?
00:45:33.000I think you were talking about trading a little bit before the stream.
00:45:35.000And one of the guys I was working with, part of the reason why I actually had a lot of conviction of continuing to go in around September of 2017, he said, based on the charts, right?
00:45:47.000We're probably not going to go down all that much more after Jamie Dimon said Bitcoin's trash.
00:45:51.000We're probably going to go up still after that.
00:48:07.000If they didn't take that leap, we'd be doing the same thing they were doing for 10, 40 plus years and they retired.
00:48:12.000If I ever thought about having to go to an office and do that type of job, I'm just like, you know, it's like, that's how crazy it is once you take yourself out of that world and you become an entrepreneur.
00:48:26.000Like getting out of that, that, what do you call it?
00:48:29.000It's like, yeah, getting out of the rat race.
00:48:49.000And then I tell people all the time, like, okay, even though I like me, Myron, or yourselves, but at least we know where we're going, what we're doing.
00:48:57.000If you think this is going to be sweet in 2030, guys, it's going to be like legit end-of-the-world new order type shit where they're either paying you a monthly salary, you go do whatever they say, or UBI.
00:49:15.000So, that's where I say it's scary because if you're not being financially selled now, when will you be?
00:49:19.000Yeah, and this is why we're also teaching AI in our course.
00:49:22.000My brother, he's an AI or C-A-I-O at a company, and he's also recently wrote a book that came out and published last fall called Turning on Machines, which basically talks about how to adjust to the AI world and everything and stuff.
00:49:37.000So, we have him in there for a couple webinars as well as the guy from Aerodrome.
00:49:42.000He's going to come in for a few webinars.
00:49:44.000He's probably even going to be- Come to meet him, actually.
00:49:50.000Yo, guys, I'm committed this year to crypto.
00:49:53.000I'm learning trading as well for crypto and as well meeting CEOs because, bro, that's the future.
00:49:58.000Fellas, if you don't know, man, I'm telling y'all right now, yes, the bitches are dope, girls are fire, but bro, what's going to save you the money?
00:52:56.000But the last thing I'll say to your question, though, is so we have those 15 live webinars.
00:53:00.000We break them down by the first five webinars.
00:53:03.000We teach you risk management, number one.
00:53:06.000Number one, anybody who, what do you call it, has any trouble in our course, usually they take the coin recommendation webinar, they don't watch risk management, and they go buy a bunch of stupid stuff.
00:53:14.000And like, it's not how we recommend doing it, right?
00:53:17.000So we have what's happening in the quarter.
00:53:20.000We have the coins that we like and stuff, but we have risk management right there for everybody because that's absolutely the most important thing.
00:53:28.000First, you need to survive, then you can thrive, right?
00:53:30.000And then we teach people technical analysis, fundamental analysis.
00:54:11.000And the last third of the course basically then focuses on, okay, so you got your basics, you got your building blocks, you got your foundation, then you got what's happening now.
00:54:47.000But like, basically, at the end, we just turn on the jets.
00:54:49.000We have CEOs from different companies coming over.
00:54:52.000We have developers from other projects coming over.
00:54:55.000We have people who, you know, are grassroots built, you know, something themselves, tell people about the experience, like all that type of thing.
00:55:01.000And each quarter that's extremely different with which ones we do.
00:55:04.000When we come back on Monday, Monday, we'll have a whole schedule for you guys that we can show for everybody.
00:55:08.000But we basically, it's a two-week boot camp where we have the whole smorgasborg of what's happening.
00:55:13.000And then we support you guys throughout the quarter.
00:55:15.000Well, look, I've seen now where school's failing people.
00:55:33.000Trump just said he's going to take away the repayment plans for student loans, which means if you had a high student loan payment, it's coming back to you on May 1st.
00:55:42.000So all that money you were saving up by not paying a little bit every month is going to be gone May 1st.
00:56:10.000Rumble is the only company that stood the test of time and deserves our support.
00:56:15.000On one side, Rumble is challenging big tech censorship, but now on the other side, they've introduced something that will give us protection.
00:56:23.000Banks cancel our accounts and freeze our cards at any time.
00:56:26.000So that's why they launched Rumble Wallet.
00:56:28.000A wallet that no one can cancel and a wallet that supporters can use to instantly tip creators like ourselves before any middleman taking cuts.
00:56:36.000Rumble Wallet, you can control your money.
00:56:38.000Not a bank, not a government, not a tech company.
01:01:13.000That was, that was the best runner of 23 and 24.
01:01:15.000What's the most you ever made off of one coin?
01:01:17.000If you don't mind sharing with an audience, I mean seven figures, but I can't like, i'm not gonna say like get this nigga yeah, number of x's.
01:01:26.000I mean multiple thousands of x's, I mean.
01:01:28.000I mean like, I mean, and what does x's mean?
01:01:52.000So like, take profits right, so take profits for sure.
01:01:55.000Always when you, when you get that big of a w yeah because, like a 10x puts you at 50, higher than that, you're like you're sitting at, like crazy you're, you know 100x, you're sitting at half a million dollars.
01:02:04.000Right, you're crazy not to take profits on that.
01:02:07.000This is where like, knowing the crypto mindset course, knowing where, because we tell you like roughly where we are in the cycle, let's just say, you hit it in 27 boom, you're at, you're at half a million dollars, we got more, we got more bull run.
01:02:18.000So this is where you'd probably you'd park the profits back into.
01:02:21.000I would probably take 300 000 out of that.
01:02:23.000Throw it into either bitcoin or theory, buy yourself a few bitcoin, put the rest into Ethereum and then, if we see a future, we we leave a little, because you still have 200 grand left in there, or 100 grand left.
01:02:33.000It could still, it can continue on because that, if it's, if it's a coin that did that much, it's really hot out here.
01:02:37.000It might have another run later in 28.
01:02:40.000So you'll like, but you have to lock it in.
01:02:41.000This is the big problem is, like we tell like I have consultations with guys all the time they made a ton of money on coins, but but like they don't want to let it go because they have this dream, they have this number in their head.
01:02:51.000I'm gonna hit like I want to buy this house cash dog.
01:03:20.000Yeah, there was some guy re just this week.
01:03:22.000He was using cow swap on aave uh and he pressed a swap with 50 million dollars from his mobile fucking phone like an idiot and it turned into 35 000.
01:03:38.000It's like he tried to a coin that had so little utility that, like the conversion fucked him over.
01:03:44.000Like 99, 50 million dollars gone yes, like that yeah, 30 grand.
01:03:49.000And now some people are saying bro, you can, yeah.
01:03:57.000Some people are saying basically like oh, you know, maybe they got a lot of funds illicitly, they're money laundering.
01:04:02.000They found a way to get it back through bots and they maybe they lost 50 million but they ended up getting 35 million and other wallets, stuff like that.
01:04:09.000So there's some shady stuff that could be going on there.
01:04:11.000I'm leaning more towards that, because right to to pull to do something, that's stupid, but that's just crazy.
01:04:15.000But anyways, even if you just take it at face value, all the guy needed to do to save 49.9 million dollars was spend a thousand dollars 998 on the crypto mindset course.
01:04:27.000And we would have told him like hey, if you have 50 million dollars, don't have it on your mobile phone first of all, yeah.
01:04:32.000Second of all, don't have it on one wallet.
01:07:08.000They're using our wallet system as like a way to basically help against these human error systems because what'll happen is you split your money into multiple wallets and you have a wallet that we call it.