Valuetainment - May 14, 2026


＂America Was The WORST Place To Live＂ - Binance Founder REVEALS Why He Fled The US

Topics
fiscal security
Hosted by
Patrick Bet-David
Mentioned
Peter Schiff Toscaniro Bitcoin Biden
＂Three Times BIGGER Than Manhattan＂ - MEGA AI Data Center Sparks Tech War With Americans ＂China Is The ENEMY＂ - Ken Paxton DEFENDS Texas' AI Data Center EXPLOSION

Episode Stats


Length

15 minutes

Words per minute

179.37

Word count

2,699

Sentence count

185

Harmful content

Hate speech

14

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode of the Bitcoin and Wealth Summit, we have a special guest on the show today, Al Noor, CEO and Founder of the world's safest country, the United Arab Emirates (UAE). We talk about why the UAE is one of the best places in the world to raise your family, the benefits of living in the UAE, and why Bitcoin should be considered a valuable asset.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00 Okay, when I sell my business, I want the best tax and investment advice.
00:00:04 I want to help my kids, and I want to give back to the community.
00:00:07 Ooh, then it's the vacation of a lifetime.
00:00:12 I wonder if my head of office has a forever setting.
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00:00:30 living there yourself. You feel safe living in UAE, Abu Dhabi. You do. Very safe. When you think
00:00:35 about all the things that you can't, you can buy with money. You can go to a restaurant, customer
00:00:42 doesn't, you know, the waitress doesn't give you good service. You can buy the restaurant and say,
00:00:45 you're no longer here. You have that kind of money. You can, you can go to a sports game.
00:00:49 You don't like the team's management. You can make a massive offer the next day and buy an NBA team
00:00:53 or an NFL team. But when it comes down to security, living at a place, what, what made you pick
00:00:59 UAE out of all the places to live in? 0.79
00:01:02 I mean, it is the safest
00:01:03 country in the world.
00:01:06 You believe that? By far, yeah.
00:01:08 Tell me why. If you drop
00:01:09 your wallet on the street and it has
00:01:11 like, I don't know, $3,000 in there,
00:01:14 you come back in a week, you're still there.
00:01:16 You'll find it. And people who
00:01:18 find it will return it with the cash in there.
00:01:20 There's basically
00:01:21 zero crime. There's no petty
00:01:23 crime, no big crimes, etc.
00:01:26 And the fiscal security on the street
00:01:27 translates into financial security fintech it's just very well run um and uh and also the
00:01:34 leadership of the country is very pro-business uh very very smart very very uh calibrated um
00:01:41 extremely um visionary so it's one of the best places to be yeah do you do you think about the
00:01:47 importance of like what level of importance do you put on where to raise your family on the the
00:01:53 strength of the military of that country in today's turbulent times that we have?
00:01:57 Do you say, man, I wish UAE had a stronger military or no?
00:02:01 Well, I think I was actually surprised at how strong the military of UAE is.
00:02:05 I didn't know until there were missiles flying in and they were intercepting it.
00:02:08 I was like, wow, that's pretty cool.
00:02:10 And I didn't like, you have to think about it, right?
00:02:12 How much do you have to prepare that in advance to be able to intercept that many missiles
00:02:16 coming in and takes years and years of preparation?
00:02:19 So this foresight there, that's really hard to match.
00:02:23 I think UAE does rely very heavily on U.S. support
00:02:26 from military equipment technology.
00:02:30 They rely on us for that.
00:02:32 I think so, yeah.
00:02:33 So they're a very strong partner for the U.S.,
00:02:35 so I think they do quite well there.
00:02:38 But other than that, I think just the countries
00:02:41 are very well-governed.
00:02:44 If you have sensible leaders, you have smart leaders
00:02:46 that are fair and that want the country to grow
00:02:49 instead of growing their own pockets,
00:02:50 then you have a pretty good country yeah i saw a stat the other day and i wonder how you answered
00:02:55 this one in the 70s uh in the s&p 500 it showed that you know 85 to 93 percent of the wealth was
00:03:03 tied to tangible assets in 1970 yeah so if somebody was a billionaire and they lived in a
00:03:09 state they ran a business they couldn't move to another state or they couldn't move to another
00:03:14 country because it's tangible asset wealth that they have today we've gone from 85 yeah 85 to 93
00:03:22 percent back in the days to now it's the other way around 92 is an intangible assets patents you know
00:03:30 brands you know bitcoin crypto ai all this stuff that they're building moving forward do you think
00:03:37 this is going to be a threat to countries that don't know how to handle small business owners
00:03:42 or big businesses, that person can say, 0.97
00:03:44 great, I'm going to go move in UAE.
00:03:46 I'm going to go to Singapore.
00:03:47 How do you view that with how much of the wealth today
00:03:50 is tangible instead of intangible?
00:03:51 I think that's a great point.
00:03:53 I think I agree with you 100%,
00:03:55 which is right now, if you look at the wealth today,
00:03:59 it's IP, it's technology, it's crypto.
00:04:02 They have no borders.
00:04:03 Even with like IP and technology,
00:04:06 there's some country limitations, right?
00:04:07 So if you run an IT company, like say AI,
00:04:10 you're running in the US or you're running in China,
00:04:12 you're still kind of confined to those countries, whereas in blockchain, in our industry, crypto,
00:04:16 there's no borders. Your Bitcoin is yours no matter where you are. You fly to a different
00:04:21 country, you don't have to even make a transfer. That crypto stays with you, right? And also
00:04:26 technology, startups. We've seen a lot of technology companies amassing very high valuations.
00:04:32 Those are the big drivers for the economies of countries and the world. They can be based
00:04:38 anywhere so and um this is good and bad uh so now countries with favorable regulations with good
00:04:44 leadership good regulations good environments want to track this top talents uh and talents are very
00:04:49 mobile now right you you get educated in one country you can move to different country very
00:04:53 easily um and you learn your skill you know you can also work remotely um for like you know binance
00:05:00 has remote work uh 5 000 people working remotely so all of this is possible now so in how many
00:05:06 countries to 5,000? I don't really know for sure, but more than 100 countries, I would say.
00:05:10 You have 5,000 employees working for Binance. They're all remote. In 100 plus countries,
00:05:15 everyone's remote. Pretty much everyone's remote. Wow. So I don't run Binance anymore, but no,
00:05:20 this is, the stats is pretty public. You still own 90% of it though. No, actually I'm a large
00:05:26 shareholder, but not 90%. So quite a bit less than that. But you still have majority control
00:05:31 You're above 50.
00:05:33 I'm the single largest shareholder.
00:05:38 Majority?
00:05:39 Yes.
00:05:39 Okay, got it.
00:05:40 So even though after all this, which we'll get into,
00:05:43 even though all that stuff happened, they said you couldn't be CEO,
00:05:46 still as a majority shareholder, you still carry a lot of influence.
00:05:51 I think influence, yes.
00:05:52 But I don't run the company.
00:05:53 I don't give them instructions.
00:05:57 But my shareholder rights are intact.
00:05:59 So I'm a shareholder.
00:06:00 so I get shareholder information.
00:06:02 That's pretty wild.
00:06:03 So 5,000 employees, 100-plus countries.
00:06:07 You're a thinker.
00:06:08 When I watch you in interviews and things you say,
00:06:10 I've watched you with Peter Schiff debate
00:06:12 on the way you brought the kilo of gold.
00:06:14 You're like, here, let's split it.
00:06:16 You're trying to kind of make the point
00:06:17 of the difference between traveling, airport.
00:06:22 Why live in UAE? 0.95
00:06:23 Why not live in America?
00:06:24 Why not, you know, from the outside yourself,
00:06:27 because America's always been known
00:06:28 as the land of all opportunities,
00:06:29 opportunities, you know, the place to be for entrepreneurs, do you as an outsider, you're not
00:06:35 an insider, do you view America as the greatest country to live in today, moving forward as an
00:06:42 entrepreneur? Okay, I'll give you a very blunt answer. Please. I think since the last one year
00:06:47 and a half, I think America is probably back to the best country, one of the best countries to
00:06:52 live in. But during the Biden administration, it was one of the worst places to live in, I think.
00:06:58 I basically just tried to stay as far away from the U.S. as possible during that time.
00:07:01 They were very hostile on crypto.
00:07:03 They were very hostile on our industry.
00:07:05 So I just wanted to stay as far away as possible.
00:07:08 So it was not possible to run a crypto business in America before.
00:07:12 I think now it's more possible.
00:07:14 So I think in the last year and a half, we're seeing a 180-degree reversal, which is great for the U.S. economy, I think. 1.00
00:07:22 Now, would you consider ever coming down here and living here or know you're happy in UAE? 0.99
00:07:25 I think right now my life is pretty set up and it's not easy getting U.S. passports, etc.
00:07:32 So I'm pretty content where I am.
00:07:36 But I think we will definitely want to do more business and invest more in the U.S.
00:07:39 So if I'm a friend of yours, I know you do some mentoring as well for some of the founders that you work with.
00:07:45 And if I ask you, I say, look, I've got a bunch of different places to live in.
00:07:48 In crypto space, should I go build my hub out of America or should I build it outside of America?
00:07:55 What advice would you give me?
00:07:56 I think today I would say definitely do have a presence in America,
00:08:01 but you may want multiple presences
00:08:03 because the crypto regulations today are country-specific.
00:08:07 U.S. regulations doesn't service the rest of the whole world, actually.
00:08:11 I think UAE is actually one of the very few places
00:08:13 that offer global crypto licenses for crypto exchanges, right?
00:08:17 And that's fairly new as well.
00:08:19 So we're still at the early stages of this regulatory frameworks
00:08:24 in different countries.
00:08:26 And U.S., I think, is progressing extremely well,
00:08:28 extremely quickly.
00:08:29 I think there was some progress on Clarity Act
00:08:31 even last night.
00:08:34 And so, but I think, yeah,
00:08:36 U.S. is definitely one of the places to be.
00:08:38 But I wouldn't say,
00:08:39 I always have a global view on business.
00:08:43 I wouldn't focus on only one country.
00:08:45 I think we're living, as we said before,
00:08:47 we're living in a world where the country borders
00:08:49 are much fuzzier in terms of technology,
00:08:51 in terms of digital assets.
00:08:54 So have a global view.
00:08:57 We no longer need to do business in one country and then expand to another country and then expand to another country.
00:09:02 No, you can do parallel progress.
00:09:06 So even if you did get a passport to come down here, you would still choose UAE today?
00:09:11 I think today my life is pretty set up in the UAE right now. 1.00
00:09:14 I will probably just stay there. 0.66
00:09:15 uh yeah i i wonder again the whole point with me is do countries realize what's going to happen to
00:09:23 the future of these wealthy entrepreneurs who their assets are intangible that they can no
00:09:30 longer bully them with regulation because they got a 200 other countries that would love to have
00:09:34 them maybe not all 200 let's just say 100 of them they can go to have a decent life and then 10
00:09:40 countries that are very competitive for business say uae singapore some of these countries you can
00:09:44 go to i wonder if as bad as it is today we see reports of people leaving california with the
00:09:50 whole wealth tax i don't know if you're following that closely or not and we see what they're
00:09:53 talking about in new york and a trillion dollars left new york and california during covid california
00:09:58 just lost another trillion dollars and their net migration rate report came out that they're even
00:10:03 losing more people now and they want to offer this five percent tax billionaire tax on the
00:10:08 couple hundred people that i have there i wonder if they're going to realize how horrible of a
00:10:13 move this as long-term because you can go anywhere today i wonder if they'll figure that part out
00:10:18 what do you think uh well what i hear is a lot of companies moving into taxes in the u.s right i
00:10:23 don't know the details but generally at a high level i think high taxes um doesn't work that
00:10:28 well um when you can when you impose high taxes or high transaction fees or just generally high cost
00:10:33 for doing business a business move away um basically you're you're taxing on a much smaller
00:10:39 volume you actually get less net tax i think uh or less net fees or income or revenue higher
00:10:45 whatever you call it um the concept is about the same and as you said um the now now there are 200
00:10:51 countries they are kind of actually competing for favorable regulations for businesses favorable
00:10:55 environments for businesses um so yeah i do think that that uh that place that uh that that that
00:11:03 consideration is definitely in play uh so it's not it's not like you know the business won't move
00:11:08 then you can just tax the hell out of them.
00:11:10 When you increase tax from, I don't know, from 1% to 10%,
00:11:14 you might have less tax income.
00:11:18 It's not that straightforward.
00:11:19 Being close to Iran, what is your opinion on what's going on with Iran?
00:11:24 Well, I didn't follow geopolitics that closely before.
00:11:28 I'm just like a business guy doing crypto, etc.
00:11:30 But after the war started, I'm really not... 0.88
00:11:34 I live in a country that was attacked by Iran.
00:11:37 UAE did not initiate any attacks.
00:11:40 And UAE was the most missile attacks from Iran
00:11:44 out of all countries.
00:11:45 I think it's just because of the physical proximity
00:11:47 because they're just across the water.
00:11:49 But even being the most attacked,
00:11:51 they didn't retaliate, right?
00:11:53 So UAE held back.
00:11:54 They probably could, but they didn't.
00:11:56 This goes to the wisdom of the country leadership.
00:11:58 But living there, seeing missiles flying overhead, 0.62
00:12:01 can't make me support Iran. 0.72
00:12:03 So yeah, so I'm against all war.
00:12:08 And also, based on my limited understanding, 0.99
00:12:10 the fact that Iran hit every country in the Gulf 0.57
00:12:13 is a bit crazy. 1.00
00:12:15 I wish the war would stop soon.
00:12:17 I wish people come to their senses.
00:12:21 And also, based on what I'm reading,
00:12:23 it's just like there's no leadership there.
00:12:25 There's no leadership in Iran.
00:12:26 It's pretty chaotic.
00:12:28 I really wish we can help.
00:12:31 Somebody puts order in there
00:12:33 and then people can move on to build businesses. 0.91
00:12:36 You think it's unified Gulf states, like against Iran?
00:12:41 I'm not too sure.
00:12:42 I'm not an expert on this topic, but it doesn't seem to be super unified.
00:12:46 I think everyone has different opinions, right?
00:12:48 We see UAE withdraw from OPEC, which is pretty significant,
00:12:52 and also which is pretty strategic.
00:12:55 So there are some – I wouldn't say everything is aligned.
00:12:58 You have multiple countries, you have multiple personalities,
00:13:00 you have multiple people involved.
00:13:02 It's a dynamic environment.
00:13:03 Again, I'm not an expert on this kind of –
00:13:05 No, I ask that because you're also not a regular guy, though.
00:13:09 You have a lot of money.
00:13:10 You have a lot of influence.
00:13:11 You build one of the fastest-growing companies, $2 billion.
00:13:13 At the time, it was the fastest.
00:13:15 The total amount of money transactions that's been done in Binance, I saw $125 trillion.
00:13:20 I think I saw a number like that.
00:13:22 So it's not like you founded just a regular company.
00:13:26 It's a big company with a lot of influence and compliance.
00:13:29 And I know when you're saying not all the Gulf states, UAE, Saudi, Saudi dictates prices for oil.
00:13:34 said it's probably not happy that UAE left
00:13:35 and Cutter left in 2019.
00:13:37 I was just wondering what your opinion would be on that
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