037 - Crypto Predictions For The Rest of 2021
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Summary
In this episode, we are joined by Charlie from Cultivate Crypto to talk about Bitcoin, Ethereum, and more! Recorded in Los Angeles, CA! BTC/Ethereum hit a new all-time high of $20,000 and BTC/DVX hit $10,000. What's going on with Elon Musk? Is this the tipping point for Bitcoin and the rest of the crypto markets? What does it mean for the future of Bitcoin and other cryptos?
Transcript
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All right. What's up, guys? We're live, joining with Charlie from Cultivate Crypto.
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Miguel will be joining us shortly. What's up, Charlie?
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Hey, not too much. Just starting the enrollment for our quarter three crypto mindset course here
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today. So I've been pretty busy the last few days making sure that it all goes smooth.
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But yeah, we've already got over 150 signups. So a lot of people still want to get that cheap,
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cheap Bitcoin on the dip here. Yeah. So we'll be talking about that. I know you're busy today and
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you just got off John's stream. So we'll probably roll for 45 to 60 minutes today. Miguel should be
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on route very shortly. But I kind of wanted to start from the angle of updates on the market
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because I don't broadcast about this stuff regularly. I kind of pepper it in through my
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regular cast. I let guys know that I think cryptocurrency is important. It is part of
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the future. And they should learn and get involved with it. There's Miguel. What's up,
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brother? Hey, what's going on, Rich? Hey, man. There we go. So we got everybody in the house.
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Yeah. So just to kind of get the ball rolling here, like where are we at with things? Because
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I don't know, a few weeks ago, Elon, Elon, I'm on the spectrum must, you know, some retarded shit about
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Bitcoin using too much energy and he's dropping it. And I just like, I can't believe this guy can move
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the market like this much and have this much influence. And that many people, you know,
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think that what he says and does should be taken as gospel like he's a God. But there you have it.
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You know, it seemed to be the tipping point, like the catalyst. Like what are your guys thoughts on
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all that? Scaring the noobs. The old money in crypto is accumulating, right? And the people on
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Wall Street are accumulating. I've had conversations with people who work at the head offices of JP Morgan
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in New York, as well as Morgan Stanley through my consultations over the last one month.
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They're getting in, right? They're all like, they're like frothing at the mouth with these
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little prices on crypto, right? And Bloomberg, I did a report that they, I showed a report that
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they did and I did a deep dive on it on Tuesday on my show. If you go over to Cultivate Crypto and just
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look at Bitcoin 20,000 or 100,000 in 2021, which is most likely. Bloomberg is going towards 100,000
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for Bitcoin specifically and more, not more than 100,000, but, you know, higher prices for Ethereum
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as well. And the week before that, I did a report breakdown from Goldman Sachs talking about their
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bullish on Bitcoin. I'm sorry, they're bullish on Ethereum mainly. They don't like Bitcoin as much
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because it does threaten them quite a bit. But yeah, I would say we're still long-term bullish.
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Like it's basically inevitable for crypto. So, you know, with the mindset, what we tell people is
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when you come into crypto and you don't know anything, or you feel like it's a lot of information
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at the beginning, the best way to look at it first is as a long-term savings account. So buy it, intend
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to hold it for five years, right? Not touch it, just money you don't need for that period of time,
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money you need this year, the next six months, next one year, keep in cash or something that you
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can use right on a daily basis. Don't, you know, put in everything that you own. And yeah, if you
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look at it that way, then when you have these dips, it's not really emotional for you. And then from
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there, then you can progress and learn along the way. But yeah, where we're at right now in the
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market, it's basically accumulation time. And so Bitcoin holding above 30K is very bullish and
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Ethereum holding above 2000 is bullish. So those two levels holding, everything's positive in that
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regard. You want to add to that too, Miguel? Yeah, sure. Just to go back onto the Elon Musk
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point, right? I mean, one of the reasons why he flipped so negatively on Bitcoin was because
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upcoming, there's something, well, President Biden has something called the Green New Deal,
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which essentially is basically... Is that all based on the AOC thing?
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Yeah. So it's a giant subsidy thing for Tesla, solar wind. It's pretty good. You know,
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anytime we can invest in renewables, that's pretty good. But a big part of his money was
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he had a kind of a turncoat real quick because the way Tesla makes a lot of their money is actually
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selling carbon tax credits over to other auto manufacturers because they're fully green and
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they sell cars. Every car they sell, they essentially build up like a piggy bank of their version of
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green credits or Bitcoins. And then they sell those Bitcoins off to the other manufacturers that
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obviously are not green at all. And that's where they make a lot of their money. So they were
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threatened to lose that. So that's why they kind of turned coat and went real green because
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if they get those subsidies that they need, they can then start paying for essentially charging
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centers all over the United States, as well as like the reason I know for sure Bitcoin and all
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this stuff, there's people crying in the streets like Bitcoin's dead and everything. It's all
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doom and gloom, right? But you have his, one of his buddies, Elon Musk's buddies, which is Peter Thiel
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building the largest solar farm in the United States, in Texas right now for just Bitcoin mining
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alone. And that's one of the recipients that are going to be receiving those tax credits for,
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for Bitcoin mining. You had something like these big players like Celsius just by $200 million,
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what's called Bitcoin mining operations here in the States as well. So Bitcoin mining sector in the
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United States is actually just getting started right now. So this is not over.
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We got El Salvador talking about mining Bitcoin with volcanoes now, which is cool as hell, right?
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No, they know, they, they know how to do it out there.
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Renewable energy, right? 76% of Bitcoin miners right now are run on renewable energy. So,
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I mean, you know, people with that argument, it just didn't do this.
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I didn't, I didn't really buy the whole, you know, hype around it. I was like, oh,
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awesome. It's on sale. Let's buy more. And that's what I did. You know, I just stacked more in the
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bags as it, as it kind of went down. I even, I even used the London B2X program, which I know you
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can't get in the U S but there's parts of the world that you can get it as well. And they're
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stacked up there with some other stuff too. So I'm still super bullish. I mean, I was actually
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concerned at one point that it might go below 30,000, but it doesn't look like it's going that way
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anymore. Now it looks like it's, it's, it's up on the climb. Uh, it's at 37,408 as I speak right
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now. Um, so that's good. Um, what else, what else has changed since the last quarter, since we talked
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last, I think one thing, which was interesting, right? Looking at DeFi and looking at the amount
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of yield you can get. I remember, um, when you, uh, put this, I think, uh, you put the link for this
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channel or for, for this stream up a while back and I saw you, uh, take a screenshot of
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the Vesper yield. It was like a thousand percent during that day. And there were some guys freaking
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out like, Oh, it's a snake oil salesman scam, blah, blah, blah. It's like, no dude, it's, it's
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actually at that rate at that time. Yeah. I think the amount of coins that I had, uh, you know,
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getting, getting compounded, doubled, um, per day, um, during that time, it went up to as high as
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like 14 or 1500, um, yield, you know, if you, if you were to average it at across the year,
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that's what it would end up at. But, you know, you just got it for that day or those couple of
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days and it's been fluctuating obviously. But when you get that compounding effect happening with
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your crypto, we did not have that this last bull market. Right. I think that's something that
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amazed you. And I mentioned that I had, uh, it's at 48.15% right now. Right. Yeah. Yeah. Yeah,
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exactly. It does have wild fluctuations, but I mean, getting a 40% yield on something is
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I mean, all crazy in and of itself, right. It's nothing you can get at a bank. Um, and I think
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I even mentioned this to a next hedge fund manager that I met me and John met him here at the Tokyo
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American club in Tokyo the other day. And, uh, he was, I basically told that, uh, to him a little bit
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about the percentage that, um, we were making on that. And he was just like, are you freaking kidding
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me? Like, I need to learn about this, you know? So, you know, the old guard is, uh, you know,
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they're starting to pay attention, I think. And, uh, I think that's important too.
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Yeah. Um, so what else have we seen change since, since that last quarter that you guys launched
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your course? And, you know, by the way, guys, if you want to get in on the course, uh, they
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are opening it up today. I have sent an email to my list with a link already. Um, it's also
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in the description here. I'll just drop it in live chat as well. If you want to grab in,
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um, what else has changed since the last time you guys launched the course with the, uh, market?
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Like, what have you learned since then? Like, or what's been proven or what's solidified
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Basically the, the whole narrative, there's this whole narrative push right now that, um,
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people are getting, uh, not, not that they're going negative on Bitcoin, but there, there
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is, there is the very high likelihood that the Ethereum is going to get very close to the
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Yeah. You guys have been talking about the flippening. Can you, can you expand on that?
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Yeah, sure. It's, it's this whole narrative of basically at some point, Ethereum's market
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cap, not, not price per token market cap is going to pass Bitcoin's market cap and go
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number one. And, uh, this is a Bitcoiners nightmare, but it's one of the best times actually
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to probably flip Ethereum back into Bitcoin. So it's actually a huge thing. So right now
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we're a little Ethereum heavy. Um, and right now currently you can get one Ethereum buys you
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about 7% of a Bitcoin during this peak time. When this flipping can happen, either if it gets 80%
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or actually passes it, it's an opportunity where you can get a ton of Bitcoin really cheap.
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And if you so choose after the Ethereum crashes, you can then sell back and get a significantly
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large amount of Ethereum back or just keep the Bitcoin. So it's a huge, huge opportunity.
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So when you're talking about the flippening, uh, it says the market cap is just under 700,000 right
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now for Bitcoin and Ethereum is 293,000. Are you saying that the market cap of Ethereum could
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potentially become more than Bitcoin during this bull run?
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Yes. Yeah. It can get, it can, the, the, I would, I would call a success, the flippening of like
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Ethereum getting to like 80% of Bitcoin's market cap, which is really high. That's like an all like
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pretty all time high for the cycle. But during the flipping things, what's going to happen is
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anytime, if let's just say Ethereum were to pass Bitcoin for a bit, what would happen is you would
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have people from the Bitcoin side get very scared and you know, no, not these paper mache hands
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sell their Bitcoin into Ethereum, which would pump Ethereum up. And then obviously we from there
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would say that's not sustainable because it's, it just shot up too fast, too quickly. It would be
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probably one of the best times to actually sell Ethereum into Bitcoin and you'd be able to get
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a significantly large amount of Bitcoin. And you guys cover all of these strategies
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and tactics in the course that you put out. I mean, I've, I've, I've been through the course
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material twice now. Um, they're all live webinars and they run for two weeks or, I mean, they're about
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as in depth as you know, you could possibly want. In fact, more than you probably want.
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Um, but it's clear, right? Yeah, exactly. I think, you know, people are still like go
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quarter after quarter, looking back at the older recordings, even if they've come into multiple
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courses, right. And, uh, use that as a way to, you know, sometimes the course information is
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they're ready for a good chunk of it, but not all of it. And then when they are ready for it down
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later down the road, they still have access to those videos quarter after quarter. So they can go back
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and watch them over time as well. Let me, let me just grab a couple of these super chats. So I
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don't lose track of them. Got a, just a little donation here from Trevor. Uh, Liam's got a
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question for you, uh, or sorry, Charlie about the death cross. Can you explain what that is?
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Yeah, definitely. So it's a moving average with the 200 day moving average for Bitcoin and the 50
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day moving average. So short-term moving average versus a long-term. And when the 50 day moving average
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goes under the 200 day moving average, that's what they say that called the death cross when it goes the
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opposite way, right after they've been in a downtrend, that's what they call the golden cross.
00:12:00.520
And, um, so it will, you know, I think be a little bit bearish for Bitcoin in terms of, uh, short-term
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in crypto. What we call this is a crab market, not necessarily a bear market. So meaning just kind of,
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you know, price kind of waddles around sideways here for a bit, you know, has that fluctuation,
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but it's a great accumulation time. So the death cross isn't like, oh no, we're going to zero. This is all
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over. Sorry guys, pack it up. Um, you know, go and subscribe to Peter Schiff, uh, or whatever,
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you know, yeah, exactly. Right. So, you know, it's not that bad. It sounds terrible, but it's not that
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bad. It's mainly just, you know, extends the sideways portion of the market for a little bit
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longer. So, okay. You have to deal with two months to a few extra months, basically of, uh, you know,
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Bitcoin not hitting new all time highs every single day, you know, and Liam's awesome. He's been in the
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course, uh, since, uh, the first one that we did. Yeah. And so he's really good guy. Yeah.
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He's been a member of my community for a long time. He's totally dialed in with crypto. Uh,
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Dragos just says, Hey, uh, let's go get it. Another one of my boys from the inside,
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uh, competent man. Is there any concern of tether propping Bitcoin? I know there's been
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some speculation that the tether can bring down the entire cryptocurrency market. I always have
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naysayers that are like, the whole thing's going to collapse. It's going to get destroyed because of
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tether. What's your guys take on that? Maybe start with what tether is. Cause I know we have
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a lot of guys that are kind of on the fence that know a little bit about Bitcoin and crypto. So,
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so just start with that first. Yeah. Me, me, Miguel. Right. Uh,
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we always often have like slightly different opinions and stuff. So like, it's, I want to get
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both of our opinions on this for sure, but like just the basics of what tether is, is, uh, it's what
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we call a stable coin in crypto. So it's a cryptocurrency, um, which is pegged to the
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stable asset price of the U S dollar. So one tether is always $1, uh, and stays there. Right.
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So it's a way for you to, let's say you were just to buy dollar, like take your dollars from your bank,
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turn it into tether USDT, um, which would be your stable coin. You wouldn't lose or change your dollar
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value at all. And these days you can, uh, some places like Celsius network, you can put it on there
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and you can gain 10% interest on your dollars without risking any volatility with being in
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the crypto market. Uh, and that's better than you can get at any bank. So that's one benefit to tether,
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uh, in the market, but also USDC, which is a coin basis coin, a stable coin called the U S dollar
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coin. Um, and there's a lot more of them now. There's a true USD. Um, I believe there's a one on,
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um, I forgot, T T U S D, uh, Gemini dollar die, Gemini die. Yeah. Luna recently came out with theirs.
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Um, and so be cut and B USD for Binance. There's so many stable coins in the market. Now
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tether is getting diluted in the dollar game in crypto, which means, um, basically they have less
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impact. Uh, there's actually a few crypto articles about this recently that I could link to somebody.
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Uh, I might, I'll probably keep those articles for people in the course, but, um, basically what,
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what those, uh, what people are arguing now is basically, uh, tether has been so diluted in
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the dollar race in crypto that, um, their impact is not really that much anymore. The dollar itself
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is actually becoming, um, used so much in crypto with different stable coins that that's also maybe
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part of the reason why the United States is slightly, you know, warming up to crypto ever so slowly.
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But, uh, so you haven't sold all your positions, stacked us dollars, holding green back under your
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mattress. You're not fearful of, of tether bringing down the entire market.
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No, I, I view anytime tether FUD comes out as a buying opportunity, like, yeah, it's a, it's,
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it's really interesting. I mean, basically what people are mad about is that, um, tether is doing
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something, a quasi bank sort of thing where once they get the collateral in and they don't have it
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into themselves, they can print the tether and then buy the assets they need that for,
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and then wait for the, the, the money to then hit the account. And that's what people aren't happy
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about. Another thing too, originally when tether came out, tether was one for one back dollar,
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which is still the case. They're still back back. All their assets are backed by dollars or something
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equivalent, but it was actually dollars. So I used to have to deposit a thousand dollars into a tether
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bank account. And then I could create a thousand tether dollars. Now they're, they can use debt or bonds
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as well as collateral to then make dollars, which some people don't like. And that's kind of some
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of the, kind of the hub of blue basically about that, as well as there is entities in the United
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States that would rather have USDC as first over tether because USDC is. So if you, if you look at,
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if you look at like something like, um, Coinbase Coinbase is banked by JP Morgan, JP Morgan's one of the
00:16:46.280
federal reserve, you know, they got a seat on the federal reserve. So effectively USDC is actually,
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a lot of people don't know. This is basically a fed coin for the most part. So it's actually the
00:16:55.880
one that the United States government actually really backs is USDC and USDC has been on a
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meteoric rise in terms of stable coins. It's now number nine on market cap where tether is number
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three. So basically another two and a half X and you have the USDC passing tether. And because most
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people kind of feel this, it's the same thing Charlie was saying. I'm in full agreeance that we're
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probably going to see a flipping of USDC to tether at some point as well.
00:17:20.760
Yeah. Yeah. I've got that feeling too. Um, how will we got another one here? How will the income
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and regulation impact the market? There's always the, the, you know, the fearful blokes out there
00:17:31.880
that think that they're going to regulate cryptocurrency out of existence, or it's going to be impossible to,
00:17:37.000
um, uh, see, you know, true market growth, um, you know, because of government regulations.
00:17:43.480
So what's your, so what's your guys take on that? Go ahead and jump on that one first.
00:17:47.800
Yeah, of course. Yeah. With the upcoming regulation, obviously if there's any right,
00:17:51.640
if some random regulation that's a little negative comes out, it will cause some short-term volatility,
00:17:56.440
but the United States is not going to crush the cryptocurrency industry. I mean, if you just look
00:18:01.080
at, like I said earlier, the United States is heavily investing into mining. Um, what, one of the,
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one of the things about the green new deal is that there's actually subsidies for like Intel
00:18:09.640
and all the chip manufacturers in the United States to have subsidies. So why do you think
00:18:14.520
they're doing that? Why would they give a chip manufacturer? I mean, obviously other than,
00:18:17.560
you know, making more smartphones and making more and having more homegrown tech here,
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um, the mining sector is getting built out right now in the United States. It's one of the reasons
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why, uh, we're going to get into this in the course, why my big part of my, uh, kind of thought
00:18:32.040
into why we haven't had the ETF yet, which is a Bitcoin ETF, which is huge, huge thing. Because if the bit,
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let's just say something like the Bitcoin ETF were to get passed, we would go instantly into a
00:18:43.080
huge green candle bull market, raging bull market, because at that point you have the 401k money
00:18:49.480
dripping into the crypto market, which is insane. That will really propel the market up. But the
00:18:54.440
reason the United States hasn't passed the ETF is because the United States doesn't have,
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doesn't feel comfortable and doesn't have enough hash power in the Bitcoin mining sector because the,
00:19:03.640
so that's, what's going on right now. We're building that out right now in the States.
00:19:07.240
And actually the, uh, China has been actually cracking down on their mining sector. So
00:19:12.040
this is like a huge opportunity for the United States to actually get a chunk of the Bitcoin
00:19:16.200
control. So that that's, so as soon as we have enough hash power, maybe 10, 15% of the United
00:19:22.440
States will probably. Okay. At that point. Are there places in the U S where electricity is relatively
00:19:29.240
cheap? Like you're probably not going to find it like Iceland where it's practically free,
00:19:32.600
but other places in the U S where it does exist, you know, practically free.
00:19:36.280
Yeah. One of the places that they're doing a lot of Bitcoin mining, um, is basically, uh, Texas.
00:19:41.480
They're doing it with a lot of the energy coming off of fracking. Oh, okay. Yeah. So they do some
00:19:47.160
with solar as well. Um, but yeah, basically they have a lot of excess energy coming off the fracking
00:19:52.200
miners. And so they just hook up a Bitcoin miner right next to that. And then any of the excess energy
00:19:56.760
coming off of it is free energy that they're going to lose anyway. So might as well mine something
00:20:00.680
with it, uh, mine something extra, right? Something digital. Um, yeah. What do you think
00:20:05.480
about the incoming regulation argument against Bitcoin and crypto? Yeah. The one other thing,
00:20:11.240
I think, um, I think Miguel's points were perfect. And then the other thing, uh, to add on top of that
00:20:16.200
was basically the only thing that they can really regulate is the end points where, um, people touch
00:20:22.200
crypto from their banks, right? Once you're in crypto, good luck because, um, that's what we teach
00:20:28.040
in the course as well. There's a lot of these decentralized exchanges coming out. So they're
00:20:31.560
going to have a really hard time. It's going to be like playing whack-a-mole trying to, um,
00:20:35.080
regulate the decentralized exchanges. Why? Because you can just take the code, copy it,
00:20:39.400
make another one, make another one, make another one, make another one, and they can't stop it,
00:20:43.000
right? It's a free open source code for everybody. And there's, you know, the first one that was
00:20:48.040
extremely popular was uniswap, uniswap.org, uniswap.org. And, uh, for anybody who wants to
00:20:53.960
go visit the site, um, they, you know, uh, have over, uh, more volume, uh, than, uh, Coinbase
00:21:01.720
basically now and, um, over billions and billions of dollars being transacted on there daily. So, um,
00:21:07.800
this technology works and, um, you know, they're going to keep trying to regulate the endpoints
00:21:12.520
that are touching the banks mainly. And, uh, that's where they can slow you down, but they can't stop you.
00:21:16.760
Yeah. I don't see that. Like, you know, like regulators going away and just leaving this
00:21:21.640
alone anytime soon. I think they're still going to try to take little, you know, like pecs at it
00:21:26.840
here and there throughout time, which is fine. Cause I mean, like I've always said to you guys,
00:21:31.800
you know, like children kind of have a way of throwing rocks on the ice to test how strong it is.
00:21:35.800
Um, women do the same thing to men, you know, with their competency tests, AKA shit tests and what
00:21:42.120
the government's doing, you know, what the state's doing is they're basically trying to test how
00:21:45.720
strong this thing is. So I think that, you know, the more they attack it, the more they try to
00:21:50.360
regulate it, the more they try to like tax it or control it or limit, you know, the personal
00:21:56.360
mobility or freedom of it, the more anti-fragile it's going to become over time. That's just my
00:22:01.640
personal prediction, but I don't see it getting worse with regulation. In fact, I see the
00:22:05.960
introduction and the conversations of regulations, strengthening the cryptocurrency markets,
00:22:10.440
especially Bitcoin. And often when you, you know, you tell somebody they can't do something,
00:22:15.800
they kind of want it a little bit more. Watch me. Yeah.
00:22:20.280
Okay. Watch me, buddy. Um, we got another one here from Igor. He's asking about the course and
00:22:26.200
I'll drop the course link again. If you guys want to, uh, click it and just buy it. I've had a bunch
00:22:30.680
of people just say, just shut up, Rich, and give me the link. I don't really care. I don't want to watch
00:22:33.800
the, I missed out last time I want to get in now, but if you can answer that question, you know,
00:22:38.200
about the course schedule. Yeah, definitely. So we do, uh, the course twice a day. Um, and we have
00:22:44.120
a couple of days off in between, but we do that for basically about, uh, two weeks. We do 20 webinars.
00:22:49.160
Uh, they start on June 18th at 10 AM Eastern is the first webinar. And each webinar has a different
00:22:56.120
subject. And, uh, the first half of them are recorded on the main subject, um, there as well. So
00:23:02.600
we do, um, 10 AM and 10 PM Eastern standard time every single day during the course, except for the
00:23:09.400
days off, obviously. And, um, for people in the European time zone, obviously one of those is going
00:23:14.920
to land probably like your three or 4 AM. Um, but we do have guys who basically they've made a good
00:23:20.680
chunk on this. So they take time out of work because they're making more money here than they
00:23:23.960
are at their, uh, job. Um, and so it is, you know, worth it. Um, but then also if you miss like,
00:23:29.960
let's say half of the webinars, because you're only able to attend one live, um, then they're
00:23:33.800
recorded and you can access those recordings throughout the year. Um, no problem. So it's
00:23:38.520
not like you only have it for three months. You gotta take it all in. You can, uh, we still have
00:23:42.840
the videos up for people, for everybody who's joined our course from forever. Um, they can go back and
00:23:47.960
watch all those old ones as much as they want. And they can also then test our predictions and,
00:23:51.400
um, you know, our knowledge over time. Right. Cause we in crypto it's don't trust verify, right?
00:23:56.920
We want to get people to be self-sovereign and to be able to do this on their own.
00:24:00.680
So we're giving you guys all these tools, um, to become, you know, not dependent on us, but
00:24:05.000
independent. Got it. And, um, my, you know, just to add to that, the thing that I like about the
00:24:11.800
court, like, I don't really like to sit around for three hours watching other people talk, but I do
00:24:18.120
find it a really good use of my time to watch the recording at like one and a half times speed.
00:24:23.400
Cause I can get through it and you know, a third less time than sitting and watching.
00:24:28.280
Um, the Q and a segments go for a while too. Like you guys are always basically taking
00:24:32.280
questions until they dry up. It's not like you're like, okay guys, we got to cut it off.
00:24:35.160
No, it's, you know, it's kind of reasonable that you take as many as you possibly can.
00:24:39.240
Um, for crying out loud, hold on. That's my ringtone.
00:24:48.600
All right. So what else we got here? Uh, just bought some more super chats here. I missed out.
00:24:57.720
I just bought my Tesla today in Perth, Western Australia. My interest, uh, my interest I earn
00:25:03.720
in Celsius network is buying it. So that's, that's a lot of interest. Um, Celsius network
00:25:09.800
is an interesting one. Like, would you guys consider that defy or what's that considered?
00:25:15.080
CeFi is centralized, centralized finance, basically centralized finance. Right. So, um,
00:25:20.920
you can basically park tokens and cryptocurrency there that will earn interest. The rates are,
00:25:27.240
I mean, if you guys aren't familiar, let me just log in real quick and I'll tell you what I got
00:25:30.360
at stake there. Like, I don't, I don't talk about stuff that I don't, you know, I'm one of the few
00:25:35.480
guys out there that actually puts their money where their mouth is. A lot of guys talk up a big storm,
00:25:39.960
but they don't actually, uh, participate or they fling shit, you know, from the sidelines
00:25:45.400
in the frigging stadium. They don't actually get on the floor and play. I love it. Let me see here.
00:25:49.560
So we got, uh, ether earning natively, uh, just over 5%. Uh, Polkadot 11.2% if you earn in Celsius
00:25:57.720
chain link 3.77, if you earn in Celsius synthetics network earned 17.78% if you earn in Celsius
00:26:05.240
like coin 5.12. Uh, and that's all I have there, but I tend to spread out my staking. Cause I don't
00:26:11.640
like, um, leaving my crypto in one area because of hacks, because of regulation, because of you can
00:26:18.600
keep going down the list, but I mean, you know, it's the whole, you don't want to keep all your
00:26:21.880
eggs in one basket. So I use defy like Vesper. I use Celsius. I use London. Uh, I use Swiss Borg.
00:26:29.400
Uh, there's probably one or two others that I'm forgetting, you know, plus you've also got your,
00:26:33.400
um, ledger nano, which is basically, you know, where most guys will hold their moon bag, but
00:26:38.520
you kind of spread it out. Right. Um, so Celsius network is what Trevor's making reference to. And
00:26:44.280
it's a good place to park some of your tokens to earn some interest. And it's, it's pretty easy to
00:26:49.720
move them around. I mean, if you want to convert them to something else, you can move them to a main
00:26:53.080
exchange. Um, you can borrow against them. One of the cool things that, uh, started to happen in the last
00:26:58.760
year is you can actually borrow against your cryptocurrency. So if you're like, oh, well,
00:27:02.520
I need some fiat, like I need some us dollars rather than sell it. Um, and potentially have
00:27:07.880
a tax event, depending on where you live. Um, why not just borrow against it at practically free?
00:27:13.400
It's, it's, it's a very, very low interest rate and then you can pay it back and there's no tax
00:27:17.400
event that way. Yeah, exactly. Yeah. Um, 1% interest rate at a 25% LTV. Yeah. Pretty hard to be,
00:27:26.120
you know, banks can't because they're, they're robbing everybody. They'd rather rob people.
00:27:31.640
That's why banks and the government have, uh, have, have difficulty with the existence of
00:27:36.360
Bitcoin and cryptocurrency is because they can't control it. And it, it, it doesn't even compete
00:27:41.800
with fiat currency earning rates. It actually destroys it. So that's why they're trying to,
00:27:46.920
you know, either like they haven't figured out if they're going to go all in on it or if they're,
00:27:51.800
or if they're going to try to take it all down, like they're kind of on the fence with it.
00:27:54.760
It almost seems like they're like trying to poke at it from both angles. And I have a feeling at
00:27:59.080
some point there's going to be a tipping point and they're going to be like, fuck it. Let's just,
00:28:02.280
we can't beat them. So let's just join them all. In my opinion, they've already gotten,
00:28:06.200
they've already taken the first step down that slippery slope. Yeah. It's inevitable.
00:28:10.440
Uh, digi bite. I, I don't know anything about digi bite. It seems to have been getting quite
00:28:15.560
popular recently. Love your vids, the book. Thank you for unplugging men. So what's the deal with
00:28:19.240
digi bite? What is that? It's, it's basically, so, so it's a coin that came out that came out last
00:28:25.480
cycle, last cycle and stuff. It's a community driven coin. So it's sort of like, like, imagine
00:28:30.840
sort of like a light coin community where it's, you know, fully decentralized. It's grassroots.
00:28:35.960
There's no big corporate money in it. It was started, it was started by this guy called Jared,
00:28:39.720
I think Jared Tate. And he started it from a garage in, I think, um, I think Minnesota actually,
00:28:50.360
or something like that, or, um, or, uh, yeah, he started somewhere out, somewhere out there in
00:28:53.800
the Midwest. He started it from a garage and stuff. The guy, it's a really cool coin. They're
00:28:57.720
essentially trying to be, there's sort of a fusion between sort of a light coin to an Ethereum,
00:29:02.200
essentially, where they can have all the, they have all these products where, uh, you can, you know,
00:29:06.600
have IDs, NFTs, and all this stuff, all this stuff would be still being created right now,
00:29:11.960
um, and exchanges and stuff like that. It's its own cryptocurrency, or that you can buy and sell
00:29:16.360
Digibyte for, for products. And, and they're just trying to be essentially a place where you can just,
00:29:21.960
you know, commerce and everything pretty grassroots. It's actually been doing pretty well now.
00:29:26.680
Um, it's very hard. It's a coin that I can tell you that will survive this bear market.
00:29:32.120
Um, coins that have communities are, are very, very hard to kill.
00:29:36.440
So this is a community that's been around for a whole cycle. It's, it's gotten something called
00:29:40.200
the Lindy effect, which is basically the longer something survives, the more it will probably
00:29:43.960
will survive or more, and people trust it. So Digibyte is just rolling stuff out, but because
00:29:50.120
it is completely grassroots, it takes a longer time for them to come up with the products because
00:29:55.240
they don't have the big central source of banking because you know, it was started completely with no
00:29:59.960
money and now it's starting to get some steam now. Got it. Did you want to add anything to that,
00:30:04.600
Charlie? Yeah, I'd say that's perfect. Uh, the other thing I might add to that is
00:30:09.400
like in terms of how fast it will grow in terms of price appreciation, it probably,
00:30:13.320
I mean, if you look at his chart, it probably won't grow in terms against Bitcoin, like insanely
00:30:18.360
a lot. So I would say Ethereum is a better bet, um, long-term, but, um, you know, all the points
00:30:24.200
about Digibyte is that it is a good positive token. Uh, so it's good to have it in the space,
00:30:28.680
even though, you know, it might not be your, your best horse in the race. Okay. Um, North South says,
00:30:36.200
what do you guys think of pirate chain more private than Monero? I'm not sure if that's
00:30:40.520
a question or a statement. So what is pirate chain? They have a token called R. So do you want to buy
00:30:47.160
a token called R? It's literally a with like six or seven Rs. Would you buy that rich? I don't know.
00:30:54.040
There's people buying Dogecoin because they think Elon Musk is God. Yeah. So actually it was
00:30:59.880
interesting. We had some of the pirate chain team watching the Tokyo crypto show back in 2019 when
00:31:04.920
crypto wasn't very popular. Yeah. And, um, we, we mentioned it, right. And they started fighting
00:31:11.160
against us on Twitter, me, John from modern life dating. Right. And we said, come on the show.
00:31:15.240
We're happy to talk to you. They didn't. And we were nothing. We were nobody on YouTube at the time.
00:31:19.640
Right. We just had a few, few followers, but my thoughts on it is Monero is probably one of the
00:31:25.880
most well-built cryptocurrencies in the space, especially for its use case, which is privacy.
00:31:30.520
So don't really need to use anything else. Um, in terms of privacy, if you want to use privacy
00:31:35.560
with Bitcoin, you can look up wasabi wallet, uh, which is a solid one as well. But Monero, yeah,
00:31:42.040
I would say is better hands down. Um, also like, uh, Miguel mentioned with the Lindy effect
00:31:47.640
has more network effect and has already been tested. Um, you know, in battle many,
00:31:52.120
many times against the feds, against everybody. So, um, it works.
00:31:56.200
Eric Shane is ranked 213 are exactly. Well, that's, that's like one thing that's always frustrated me.
00:32:08.040
And I know that a lot of guys on the outside that are, that are either critical of, uh, cryptocurrency,
00:32:13.880
defy and the blockchain, you know, they, you know, they tend to point and sputter at, you know,
00:32:18.600
oh, there's like 9,000, there's 10,000. There's currently 10,389, uh, cryptos listed on coin market
00:32:25.560
cap and 99.98% of them are all bullshit, you know, to be honest with you. Um, but I mean like,
00:32:32.280
you're going to get that. You're always going to have guys that are, that are, you know, the get,
00:32:36.040
get rich quick, quick, don't do the work. Here's a cheat codes to life, you know, fast and simple. Um,
00:32:42.520
one of the things that I learned early on with the last, uh, cycle, and we talked about this
00:32:47.080
briefly one time on one of your webinars was, was verge, you know, XVG and not buying stupid
00:32:52.680
shit that guys like John McAfee try to pump up. Cause it's like, it's, it's going to go to the
00:32:56.360
moon. And if it doesn't, I'm going to eat my Johnson seems legit. I should buy what he's saying.
00:33:03.880
And then he got caught for doing that. Right. And now he's, he's locked up for that. And I think
00:33:08.600
that's kind of convenient because you know, there's still guys in like a Facebook group,
00:33:13.560
you know, like masturbating to XVG thinking it's still going to go to the moon. Right. Like
00:33:18.360
I actually stayed in that group for a while just to kind of laugh at them, but I was like, whatever,
00:33:21.560
I got rid of all my positions and I was like, you know, take it as a loss and move on. Um,
00:33:26.920
what else do, um, what else has been changing, you know, since we talked last in the last quarter?
00:33:32.040
Hmm. That's a good question. Go ahead. So pretty much what's going on right now is we're having,
00:33:39.320
we've just started the Kusama parachain auctions. Keep talking. I'll be right back.
00:33:45.080
Okay. So we just have the Kusama parachain auctions just start, which is Karua, which is basically,
00:33:50.840
um, if, if you know anything about cryptocurrencies, it's almost like sort of a fusion of like,
00:33:55.080
they're basically their Aave mix. Like it's basically their Aave mixing with the Celsius
00:34:00.840
in a way. So, uh, it's going to be a DEX, um, a way you can borrow and lend on there as well as
00:34:06.520
also like a launch pad for other projects that are trying to get money to actually, uh,
00:34:11.880
eventually one time they maybe have a parachain slot on Kusama. So what, what this means is you're
00:34:17.480
having a bunch of these big, big macro events. Another reason why me and Charlie were still so
00:34:21.400
bullish and we knew this wasn't over. You just had too much good news,
00:34:24.840
too much good stuff, right? So if you were able to kind of play these,
00:34:28.280
this is why we've been telling people, you know, get into Kusama, get into DOT. DOT was
00:34:31.800
three to $5 when we were telling people. Kusama $7 when we were telling people last year. It is $500
00:34:39.320
today. I know. And it's still going up. Still going up. And if the supply, the supply is getting
00:34:45.240
just completely eviscerated, right? Right now, I think over 150,000 Kusama tokens have been staked
00:34:51.160
that won't be unlocked for another six months to a year from now. That's a tremendous amount of
00:34:58.120
supply. That's not going to enter the market. Um, so the way, so the way this, the way these
00:35:03.880
parachain auctions work. So most times when you do an, when you do an IPO and ICO,
00:35:07.960
IDO, whatever these names for all these different ways to basically, you know, buy, buy an initial
00:35:13.960
coin offering, um, you typically, you know, you take your dollar or your Bitcoin, you give it to
00:35:19.400
the person, third party, and they give you a token or a stock and that's it. Well, in this one, what
00:35:25.080
you do, it's, it's almost a proof of ownership basically is what it is. So when you own a Kusama,
00:35:30.120
you stake it. So I will take my one token and stake it for a year. Okay, Miguel, here's 10 tokens.
00:35:35.640
In a year, you will get back your Kusama. You will get back your coin. So it's a cool way. It's a cool
00:35:41.240
way where you're able to then, where is it that you stake that? Yeah. You stake it. You're earning
00:35:45.800
no interest, but I'm sorry. Where? Oh, you can do this on the fearless wallet. Okay. The fearless
00:35:53.400
wallet has a, has an app, an iOS and stuff. You can put it on an iPhone or an Android. It's a DeFi
00:35:58.360
project. It's yeah. It's a DeFi project, fully DeFi project. Yeah. It's a, it was created by
00:36:04.120
Gavin woods, Gavin woods. It was the, uh, essentially the person who created the,
00:36:09.160
the coding language for Ethereum, which is solidity. So this guy is legit as legit as you
00:36:14.680
can get in terms of, of like coding and cryptocurrency. So this is, this is an alumni.
00:36:18.920
I mean, the, another alumni of Ethereum is Charles Hopkinson, which is one of the co-founders of
00:36:23.320
Ethereum as well. So like some of the top projects in the space all come from Ethereum. So this is that
00:36:27.320
whole thing about betting and watching out for like these jockeys or these really good leaders
00:36:32.520
and stuff. So Gavin woods has been working on this for a long time. So in terms of the game theory and
00:36:37.080
all the stuff he's done for polka dot and Kusama, this is really innovative. Like no one's ever done
00:36:42.280
any kind of rollout like this. So this is another thing we've been talking for a while now and now
00:36:45.480
that's coming to fruition and there's a lot of money to be made. So that's one of the big places we're
00:36:50.680
doing is the, just like we talked about the Ethereum to Bitcoin ratio, we're talking about
00:36:54.920
the Kusama to dot ratio now. So there, and that is like a two pronged sort of thing where Kusama is
00:37:01.320
going to actually game against dot because it's parachain auctions are happening. And you'll be able
00:37:06.920
at some point, even now actually to jump your Kusama over to polka dot for a very good rate.
00:37:13.560
And then watch this later this year, this is probably more closer to fourth, fourth quarter,
00:37:17.640
the first quarter of next year is you're going to have the parachain auctions for polka dot.
00:37:22.680
And what does that mean there? That means price appreciation and a ton of supply getting locked
00:37:26.200
up for polka dot. So it's this thing where you can get a huge price appreciation on Kusama,
00:37:30.920
jump that over to polka dot and then ride that other wave up as well.
00:37:34.600
And you guys explain all the mechanics on how to do that with the Cultivate crypto course.
00:37:39.000
Exactly. And just doing that one time for me, but got very, very close to doubling my dot bag
00:37:46.040
just by doing that ratio move one time. And that's huge. So if you can compound your cryptocurrency
00:37:53.880
or a.k.a. cultivate your crypto, if you can do that, then basically you're going to win long term
00:37:59.720
because especially the more coins you can compound and build in a bull market, then it takes a lot less
00:38:07.640
for the price to move up for you to not only be in the green but be in massive profit.
00:38:12.040
What about the XRP token, the Ripple token? There's always somebody whenever we do these shows
00:38:26.040
So, okay, the word on the street is this. So they're pretty much getting sued by the SEC
00:38:30.600
right now for basically doing an illegal coin offering or IPO essentially, like a security offering
00:38:38.040
under the table. So here's the bet with that. If they win, they're going to be relisted in a bunch
00:38:45.080
of exchanges and price go up. They lose that, the price is going to crater for a while. I don't think
00:38:51.160
the project will die. So you're basically kind of taking sort of a gamble. Are they going to win the lawsuit?
00:38:57.160
It looks like to me that they're probably going to win it, but it's going to be delayed for a while
00:39:01.800
before they win it. So they're going to drag their feet on this. So this might be a sort of an event
00:39:05.400
where like the SEC might like drag us out in court for a couple of years.
00:39:09.080
Yeah. And they did that with Tether as well. And Tether didn't die. The one thing with Ripple that might
00:39:13.800
be interesting, I think is down the road when the central bank digital currencies come out,
00:39:18.920
right, which we have different governments coming out. Even Elizabeth Warren alluded to in her,
00:39:23.480
when she was basically trying to tear down Bitcoin this week, she mentioned, you know,
00:39:28.120
oh, this idea of central bank digital currencies will be big. There's way more green than Bitcoin,
00:39:33.480
all that BS. They're already starting to thread that narrative in there. But when that comes out,
00:39:38.840
Ripple has a pretty good, I guess, backing here in Japan and also through parts of Asia. So it is
00:39:45.480
possible that if it, I mean, it's basically right now, Ripple is just pure marketing. It doesn't really
00:39:52.200
have too much of a use case. But if they do happen to get like deals with different banks
00:39:58.200
and help move central bank digital currencies across different parts of, let's say, Asia,
00:40:02.280
maybe is a place that they start maybe in five years, then it could do pretty well. And the price
00:40:07.160
will appreciate. But I kind of use Ripple as my kind of smoke signal to once it starts appreciating
00:40:12.200
kind of heavily in price, start looking to take profits.
00:40:15.000
Right. Yeah, that makes sense. I was going to ask you guys about Cardano,
00:40:19.080
so I'm glad somebody else brought it up. I think in the past, you've both been
00:40:23.560
bearish more on Cardano than bullish. Has that changed?
00:40:28.840
The price is bullish. It's one of the big, in terms of the top 20 or 30 coins in crypto,
00:40:33.160
it's one of the better price appreciation coins. Right.
00:40:36.120
But in terms of its fundamentals, so on the charts, it looks great. Yeah. On the charts,
00:40:40.760
it looks great. On the fundamentals, do they have anything that they've actually done with the project?
00:40:44.920
There's a lot of chatter. One of the reasons why I've picked up more Cardano since the drop,
00:40:51.640
like I probably picked it up about 15% lower than what it's at right now. It's at like $1.55.
00:40:57.560
There's a lot of chatter out there right now about big things happening. There's a lot of guys on
00:41:02.200
YouTube that have a large following that are also broadcasting the same narrative. You want to grab
00:41:06.680
some of this. It's got huge. It could destroy Ethereum, blah, blah, blah. Personally, I don't care if
00:41:11.160
Ethereum wins or if Cardano wins. I've got both. But I threw some Cardano in the bag because
00:41:19.880
Exactly. And he definitely has a solid founder.
00:41:23.640
Yeah. It seems like Hoskins seems to know what he's doing. I don't get any vibes off him like he's
00:41:30.760
offside with anything that they're talking about and the projects and what they're launching. What do you
00:41:34.280
think? Yeah, I think he's a bug board guy. Yeah. Do you guys have any ADA?
00:41:41.160
I bought it at $0.12 and because it was so low compared to where the price is now, just holding
00:41:45.640
it. Okay. What about you? I used to have a lot of it. You got rid of it though? You got it?
00:41:51.880
Oh yeah. Early on, I bought it. I bought, oh, I'll say it anyway. I bought it at like $2.9.
00:41:57.960
I bought a lot of it and then I sold it off on a run up into another coin, which was partly into
00:42:05.240
Celsius. So it worked out. It was fine. Yeah. And at the end of the day, I like the illustration.
00:42:11.720
I think it was Miguel, you use kind of like the teeter-totter, how to make money in the crypto
00:42:17.720
market. It's like, you're kind of in one and it goes up and you shift it over another coin. It's
00:42:21.640
like the whole market kind of like teeter-totters up. And that's the advantage of having so many
00:42:29.000
tokens. I mean, it's also a huge disadvantage too, because it spreads fiat currency out over
00:42:37.400
a bunch of kind of crap out there, where it doesn't really have any business being there
00:42:42.360
sort of thing. I mean, I always tell like the newer guys when they're coming into this is like,
00:42:48.520
stay in the top 10 to 20 coins, stay away from stable coins, stay away from anything that's
00:42:53.960
centralized like XRP and look for opportunities to put money into stuff that looks like a project
00:43:00.520
that you can get behind, you know, on a longer term basis. And especially if it's got some upside,
00:43:04.520
like it's on a run up. That's kind of like 101 to this sort of thing, right?
00:43:11.720
That's why we were pushing Celsius so hard on the guys and stuff too, because it was one of the
00:43:15.640
that it was one, a lot of people, uh, it wasn't, you guys were pushing Celsius when it was under
00:43:19.400
a buck, wasn't it? Oh yeah. 37 cents. 37 cents. Yeah. It's about almost $8 right now.
00:43:27.640
Seven bucks right now. It was up to $8 just the other day. Yeah. It held up during the crash.
00:43:34.760
Really? It didn't go down at all. Yeah. It actually went up on, on, there were several days
00:43:39.400
on my watch list where Celsius was the only green one on the watch list and everything else was red.
00:43:43.480
So we have a whole webinar just on Celsius and we got some, uh, well, uh, we got a special,
00:43:49.560
we got a special guest. Let's just say that. Yeah. Yeah. Yeah. And I mean, like you guys
00:43:52.920
converted me cause I was, cause I was not on board with the whole Celsius project at first, but after
00:43:58.600
watching the webinars and talking to a bunch of other people, I definitely piled into, I mean,
00:44:02.120
it wasn't at the 37 cent mark, but I got in very early too. Um, what about V chain? What are your thoughts on
00:44:07.960
that? Um, yeah, I don't know. It's one of these ones that I don't like that much, to be honest.
00:44:15.960
Uh, one of the reasons why is because we just purely on its chart. And if you're looking to make
00:44:21.320
money, it goes up against the dollar. Yes. But the dollar is, you know, being printed so crazily
00:44:26.200
right now, the value of the dollar is going down a lot faster and, you know, we're getting inflation,
00:44:30.120
uh, hidden inflation, whether we like it or not. But, uh, so the chart is going to look good against the
00:44:35.160
dollar against a lot of these cryptocurrencies. So what I really like to do is look at it against
00:44:39.080
Bitcoin. Is it gaining against Bitcoin? Sometimes it is, but majority of the time it's not. So
00:44:44.680
if, and Bitcoin's kind of like the, if we're going to use like generational terms, boomer money of
00:44:50.280
crypto, like gold of crypto. Right. So, I mean, uh, it's the slower moving asset compared to something
00:44:56.120
like Ethereum. So, um, if you can't beat that, then I think, you know, uh, not worth buying.
00:45:03.320
All right. Got it. Uh, we got one here from, uh, Adam asking about Celsius. Can you explain how to
00:45:10.520
get my coins to Celsius? You guys break this down in great depth in the course. Again,
00:45:15.560
the course is linked in it linked in the description. It is worth its weight in gold,
00:45:19.480
but, um, you know, give them the basics on how to get into Celsius.
00:45:23.000
Sure. So you either, you, the, probably the best way to start is download the Celsius app on your phone.
00:45:29.000
Um, it originally started on, on, uh, mobile. So there's a great mobile, uh, it's one of the
00:45:36.040
best apps probably in cryptocurrencies and stuff in terms of how much money they put into that mobile
00:45:39.640
app. Uh, they also have a website as well now. So you, there's actually a desktop version that just
00:45:43.720
came out like a month ago. So now for all those desktop only guys, there's the desktop app from
00:45:48.440
there, depending on your jurisdiction, you can directly buy cryptocurrencies. If you're outside
00:45:52.120
of the United States on the Celsius app, if you're in the Celsius, if you're in the United States,
00:45:56.360
you might have to buy on Coinbase first. And then when you go into the app, there's something that
00:46:01.080
you go under the exact, so let's say Bitcoin is an example. You go into where Bitcoin is in the app,
00:46:07.000
you put copy and paste on the, on the, um, address that, that Celsius gives you for Bitcoin.
00:46:13.880
And then what you do is you send Bitcoin from Coinbase to that address. So you're sending Bitcoin
00:46:19.480
to Bitcoin, Ethereum to Ethereum, Celsius to Celsius. You never send any other cryptocurrency,
00:46:25.000
like Ethereum to the Bitcoin address, because you'll lose it. You have to be very methodical
00:46:29.400
on that sort of thing because you have full control of your money. Now you're your own bank.
00:46:33.720
And then when, what you're doing is you're giving custody over to Celsius. And what Celsius is doing
00:46:38.360
is that they're, they're taking that Bitcoin, loaning it out and then giving you a return for that.
00:46:42.520
Yeah. Yeah. All right. And, um, again, I mean, like you guys always have a dedicated webinar on the
00:46:48.840
mechanics behind Celsius, why it's got a bright future and where to get it, how to get it in
00:46:54.040
simpler terms. Um, got one here from the Celsius one taken care of. Come on, you're holding dodge.
00:47:02.840
I love the cell tokens. It's holding well. Um, are you guys holding dodge?
00:47:06.440
No, no, I, to be honest, the, the best play of the year, which would have been absolutely hilarious
00:47:12.760
is on April fool's day, just buy 400, you know, buy 69,000 of these tokens and then sell them on 420
00:47:18.920
when they went 10 X from 4 cents to 40 cents. Like that was the play. It was all a meme, you know?
00:47:23.160
So what's the point? It's just, I mean, if you can make money off a meme, you know,
00:47:27.960
have a go at it, but don't be one of the, like, I remember when, um, the market kind of collapsed
00:47:34.360
and Elon Musk, you know, with this whole dodge thing, it's like, I saw people in at comments towards him
00:47:40.920
in Twitter, like, oh, I lost the farm to this. You're an asshole, Elon. I can't believe you told
00:47:46.040
me to buy dodge. And it's like, you don't like, like do these things from an educated angle,
00:47:53.160
not just because some nerd says go and buy something or he likes it or he tweets about
00:47:58.360
it or puts it in his profile. Um, stop, I stop simping for entrepreneurs. Okay. Basically is what
00:48:04.840
I'm trying to say here. Stop. I always tell you guys, stop simping for women. Stop simping for
00:48:09.880
these, you know, icon entrepreneurs like Elon Musk, like stop worship him,
00:48:14.200
worshiping their crap. Smarten up guys. Um, let's see here. We have a little bit of time left. Um,
00:48:22.840
actually we should probably start wrapping up cause we're coming up on an hour. I know you guys have a
00:48:25.800
bunch of other stuff to do and Charlie's in Japan, so you got to get some Z's too. So I want to be
00:48:30.200
respectful of your time. Um, uh, I don't really have anything else I wanted to throw at you guys.
00:48:34.920
We covered pretty much everything that guys in the super chats dropped. Um, I'm already super
00:48:39.640
familiar with a lot of the tokens. I've been, I've been stacking my bags too. Like the last
00:48:44.200
month and change, I was just like shits on sale. Just keep buying. Buy, buy, buy, buy, buy. I've had
00:48:48.840
a lot of people texting me and messaging me and like, I'm scared. What do I do? You know, what are
00:48:53.880
your, what do your icons say, rich? You know, what are they telling you? I'm like, look, if you don't
00:48:57.560
have the backbone for this, then just sell it all, go sell it all, buy some XRP, get some dodge and
00:49:02.840
hang out with the other nerds and have fun being poor. If that's really what you want to do this,
00:49:07.080
this for me is a longer term play. I'm, I'm going to accumulate at some point. I'm going to move
00:49:12.200
myself out of Canada to a place where I'm not going to pay taxes on my accumulation. If I need
00:49:17.800
to borrow against it to access fiat currency, I can certainly do that at any given time and not pay
00:49:22.680
taxes. Uh, this has a very, very bright future. Um, the cost of the course is under 800 bucks is
00:49:28.280
like 797 or something like that guys. Correct. Correct. So, um, if, if you want to enroll in the course,
00:49:34.760
again, I've, I've dropped it in the live chat. It closes on June, uh, June the 14th at midnight.
00:49:41.240
I've seen the material at least twice. Now it's top shelf. Again, it's worth its weight in gold.
00:49:45.560
If you've been sitting on the fence and wondering how to get in, what to do, when to get in, I'm
00:49:50.600
telling you right now, one, this is how you get in. This is how you learn everything that you need
00:49:54.440
to learn in a nice organized fashion. I always always tell guys, be willing to pay for well-organized
00:50:00.440
material. Sure. You can go out there and watch months of videos on YouTube and try to, you know,
00:50:07.080
hash through all the shit that's out there and figure out what's useful. These guys have already
00:50:11.960
organized it for you. It's behind the paywall for a reason. It's nicely organized. It's limited to the
00:50:16.360
people that want to access it, get in, buy it, learn what you need to know and buy in at a discount
00:50:22.840
right now. Because a few months ago, Bitcoin was like 60 grand. We're around 37,000. It's probably
00:50:28.840
going to bounce around the thirties for a little bit. Like these guys, you know, I've been telling
00:50:32.040
you, this is the time to get in. Do you guys want to add anything else to that?
00:50:35.800
If you don't believe us, go onto the WooBull charts on a Willy Woo's website and look at the
00:50:42.040
NVT ratio for anybody who's like into really into like kind of doing their own research. That's a
00:50:47.480
little bit of homework there that somebody can do if they're a little doubtful of what's happening.
00:50:50.520
Yeah. It gives really good areas for accumulation and selling. And we're in an accumulation area right now.
00:50:55.240
Yeah. And in the course, like you guys cover how to read charts, uh, you know,
00:50:59.960
how to pay attention to reserve risk, the Bollinger bands, it's, it's all fully covered there. I mean,
00:51:05.160
like it would literally take two weeks to go through all the material, which is why you have it in a
00:51:09.400
specific course, which by the way, keeps getting better quarter after quarter because they're learning
00:51:14.760
more, they're adapting, they're modifying it and presenting the best material. Um, give me,
00:51:20.520
give me your individual price predictions, gentlemen, for Bitcoin by the end of 2021,
00:51:28.520
By the end of 2021, I've been shooting for a hundred thousand. So I'll keep that. I just,
00:51:32.600
you know, it's an easy round number that we're going to go towards. Uh, and I think that's very,
00:51:36.360
very likely within this year, if that happens, you know, Ethereum, uh, could hit the eight to 12,000
00:51:45.240
Yeah. I'd have to say the same thing in terms of, in terms of price on Bitcoin. Obviously I'm a
00:51:50.120
little, I'm always, uh, I'm a bit of a hopium bull, right. But, uh, that's kind of in line.
00:51:56.040
I've always, we've been, we've been saying 120, a hundred, you know, six figures, we're going to
00:51:59.640
touch six figures. It's just that there's going to be some volatility on the way up. So you, you could
00:52:04.120
get something where Ethereum passes Bitcoin first and then Bitcoin just rages after and pumps
00:52:09.720
up after, and then Ethereum goes down. That, that is kind of what I'm speculating. And, uh,
00:52:15.080
we're going to sort of give people sort of, uh, points where there might be corrections.
00:52:18.760
There's going to be a correction sometime, probably in late third quarter that we're
00:52:22.360
going to warn people about. Um, and it's going to be a little more U S based and stuff. So we're
00:52:26.600
going to go into a lot of stuff and what to look out for. And then there's going to be another
00:52:29.400
buying opportunity later this year as well. And then, um, probably end the year pretty positively
00:52:33.480
in December price targets. Miguel don't shy away from the question.
00:52:36.520
And, um, uh, specifically in the course, as far as the material. So it's two weeks of webinars.
00:52:43.160
I think you have a discord still. Um, we'll, we're changing to telegram this time around.
00:52:48.040
It was easier for people to use. So we're sticking with, with a telegram. We may add
00:52:51.640
discord if there's a lot of people asking for it. Um, but yeah, telegram was a lot easier for
00:52:55.880
people. So we'll stick with that. All right. So very habit guys course closes, um, in a few days,
00:53:01.480
links there. If you want to get in, get in. If you don't want to sit on the sidelines, sit on the
00:53:04.920
sidelines. I have a few words for you. Have fun being poor just because you're, because you're going to
00:53:10.040
miss out on a big opportunity to make some serious bank. I know I've been throwing at it. These guys
00:53:14.760
have, we put our money where our mouths at. So follow along or just sit on the sidelines and watch.
00:53:19.400
It's entirely up to you. Thanks guys. Appreciate you, um, hopping on. Wish you all the luck, um,
00:53:24.200
with this and we'll talk again, probably in another quarter, right? Sounds good.