Crypto News: Massive Currency Turmoil!

Crypto News: Massive Currency Turmoil!

hello everyone hello
$64,000 uh just like yesterday a couple
hundred points
below but not much else to say um there
is a lot of currency turmoil in the
middle uh in Japan specifically they’re
saying it will spread to other regions
they are actually saying it will
actually spread spread to other regions
and that you know like some people are
saying that’s good for Bitcoin because
people will buy Bitcoin as a hedge did
be ever come around hadera’s using well
I mean no he’s still obviously he’s
still saying it’s not a partnership
between Black Rock and um and hyera
which is true it’s not actually a
partnership between Black Rock and
hadera but they are using hadera to to
tokenize one of black Rock’s funds yes
it was completely AR but yes it was
completely AR X’s Arc X’s decision but
it does not mean that black rock did not
know that arcx was going to do this I
think it’d be foolish to think that
black rock didn’t really know what ARX
was doing look big e32 is completely
dedicated to near but there are other
blockchains other projects that are
actually very very good in the crypto
field it’s not just going to be his
that’s like super awesome or
whatever yeah that’s pretty big a six
pound
bass so yeah
so anyways the the the currency
turmoil um not really sure what to make
of it so if you actually look at it
Bitcoin chops 64k with Japanese Yen
tumble maybe signaling currency turmoil
I mean that’s really not all that much
um but the Japanese genen is actually
falling some
definitely so the yin’s volatile episode
May spread to other Fiat currencies as
us rate Cuts remain Elusive and sticky
and sticky inflation which could drive
investors to gold and Bitcoin so they’re
hoping that the currency fluctuation
will drive investors to gold and Bitcoin
now I don’t really know if that’s true
or not the Japanese Yen fell Friday to
its weakest level against the US dollar
since 1990 Bitcoin remained flat around
64k as some altcoins slid lower
intervention may follow soon if Yen
devaluation continues Le Capital Quinn
Thompson said now um I don’t really know
what kind of intervention they actually
they’re actually talking about but um
the Japanese Yen obviously is in a lot
of trouble that’s probably making the
dollar Index go up cryp so basically
um it’s like like uh bitcoin’s down
about 0.9% over the last 24 hours but
the Japanese Yen slid another
1.3% during the day which is like you
know that might not seem like a big move
for all of us who are accustomed to like
several percentage points moves but
that’s really really big in a single day
for like a major currency so people are
getting uptight about this stuff so
basically like this is the weakest level
that’s been against the US dollar um
since
1990 of course even though our GDP went
down uh not I mean didn’t go down even
though our GDP
uh roughly like you know it didn’t meet
expectation it is expectations it’s
still going up unlike Japan’s economy
right now so moves of this size and
speed and currencies is not normal to so
I expect some intervention or
coordination fairly soon if it continues
into the next few weeks the Yen’s
devaluation didn’t impact crypto markets
yet but this could change the boj bank
of Japan steps in to prop up the
currency Neola ainson analyst and author
of crypto is Acro now report said in the
email interview a possible intervention
would mean the D boj selling US dollar
assets to buy yen and a weaker Greenback
could in theory help crypto prices so if
they do that that means the dxy would
actually go down and that would help um
that would help crypto but I kind of
doubt they’ll actually do that another
form of intervention could arrive from
the US policy makers decide deciding to
inject liquidity into the markets which
could support risk assets like crypto so
obviously we put more money into the
markets it’s going to support things
like cryptos because people will
actually have more money but I’m not
really sure if they’re going to do
either of those things because the FED
seems like dead set on not doing any of
these things we could see a collective
selling of US Treasury to raise cash to
support local currencies adding further
upside pressure to us yields while
adding inflationary pressures elsewhere
I the fed’s not going to be in favor of
doing any of these things but there is
certain fear because the Yen does
actually seem to be dropping against the
dollar and dropping at a large Pace
Japan’s economy does not seem so healthy
right now bitcoin’s remain relatively
flat we’ve only lost about $600 and I
don’t really I can’t really see it going
down unless there’s like a total
collapse somewhere I don’t really see it
going down any more than it has now so
um yeah the Japanese genen is very very
weak right now
like the Japanese yen is like very very
weak right now and I don’t really know
um how they’re going to prop it up I
don’t think that I really don’t think
the FED is going to be all that open to
like injecting liquidity into the system
because their goal has been to control
inflation all this time and that would
go counter to their goal of controlling
inflation but the thing is like this
like the volatility in currencies
definitely could benefit Bitcoin though
it definitely could benefit Bitcoin um
because it could actually make people
more attune to other assets that aren’t
tied to National currencies which is
exactly what Bitcoin is so that that
actually is um that that’s actually a
very very interesting state of things
that have actually sprung up so yeah
Japanese need to buy Bitcoin the Japan
that would be nice if the Japanese
bought Bitcoin but like the Japanese
government is going to favor their
currency so I don’t think they’re just
going to completely switch to bitcoin
although I think it would be hilarious
if they just completely switched to
bitcoin which I doubt I doubt it’s
actually going to happen also for those
of you that are upset by the 44% capital
gains tax it’s likely a nothing Burger
because it because one it doesn’t affect
people that make under a million dollars
so it probably doesn’t affect any of you
but it’s also not going to pass so
President Biden’s move to introduce a
44.6% federal capital gains tax probably
won’t wouldn’t affect most people in
crypto because most people do not
actually make a million dollars a year
and also it’s also not going to pass
United States President Joe Biden
proposal to increase the capital gains
tax rate to 44.6% for certain people the
highest rate in US history would likely
be a nothing burger for the average
crypto investor Matthew walth founder of
crypto tax Made Easy told toin coin
Telegraph that Biden’s latest tax
promises probably wouldn’t affect most
people in crypto even if they did end up
being signed into law which is unlikely
for 99.9% of people it’s a big fat
nothing Burger because ENT it’s
essentially just a proposal and it
doesn’t affect people under a million
dollars the uh making under a million
dollars per year not overall but per
year the suggested tax rate as well as
additional proposal to imp uh impose a
25% tax on unrealized gains which is
definitely not going to happen has
garnered massive attention across social
media despite the information being
public for more than a month so actually
proposed this a month ago I’m not really
sure why it’s just being circulated now
the now Wily referenc 44.6% figure was
introduced in March 11th Department of
Treasury
explanation so this is like basically um
together the proposals would increase
the top a separate proposal would first
raise the top ordinary rate to
39.6% uh
43.4% including the next investment
income tax an additional proposal would
increase the net investment income rate
by 1.2 percentage points above 400k
bringing the marginal net investment
income tax rate to 5% for the investment
income above 400k threshold together the
proposal would uh increase the top
marginal rate on long-term capital gains
and qualify dividends to
44.6 for example a taxpayer with so it
is $1 million that threshold for for an
example a taxpayer with 1.1 million in
taxable income of which 200,000 is pref
uh ISE preferential Capital Income would
have 100 uh th000 of capital income
taxed at the pref preferential rate and
100,000 tax at the ordinary rate so a
million dollars is that cut off so if
you make under a million dollars a year
it does not affect you and it’s only the
amount that you make over a million
that’s taxed at that rate also this is
never going to pass so really high
income earners could potentially if this
budget proposal goes through face a much
higher long-term capital gains tax rate
but for the most part it’s unlikely it’s
going to affect the average crypto user
obviously this does not not affect your
short short-term rates at all for anyone
but it does affect the long-term rate
but only if you make over a million
dollars a
year so like the average income earner
will not be affected uh by this Biden’s
tax proposals are targeting High income
earners at least 400,000 or more on one
end and a million dollars or more on
another end so basically
um according to data from crypto payment
AAA the annual income for the average
crypto investor internationally stands
around $225,000 now that’s going to be
much higher for the us but it’s not
going to be anywhere near a million
dollar the
uh the 25% unrealized thing is not going
to uh ever
pass however bind proposed 25 tax 25%
tax targeting unrealized gains would
only apply to individual taxpayers with
more than 100 million in net assets so
basically if you have less than $100
million the 25% uh tax does uh uh
unrealized gains tax would definitely
not apply to you so so unless some of
you have over $100 million in net assets
it does not apply to you so I’m guessing
it applies to exactly zero of you in
here it’s the same with the unrealized
uh capital gains tax rate it’s it’s for
the ultra high net worth individuals if
we’re to go through it’s not it’s not
going to affect pretty much anyone on
crypto Twitter now I don’t know if Carl
has a hundred million do or any of those
big crypto influencers have $100 million
but not a lot of people have a $100
million it’s more of a postering
political play the Democratic party has
kind of made an enemy out of wealthy
people and that’s one of the ways they
play to a lowincome low education
base but like that doesn’t actually work
because like um like opponents are just
spinning this as a 44
44.6% tax on everyone and a
25% uh unrealized gains tax on everyone
but the 44.6 capital gains tax bombshell
would only really affect those making
more than a million dollars per year and
the and the um
25% unrealized tax only affects those
that have more than $100
million so
people on like Twitter are obviously
overexaggerating this it’s difficult to
describe how insane a 25% tax on
unrealized capital gains is not a
onetime 25% hit it’s a compound it’s
compounding annually taking 25% of every
dollar of potential increase before it
can grow not an exaggeration to say it
would single-handedly crush the economy
I would leave the us at the passing of
this except except this guy probably
does not have over $100 million so it
would absolutely not affect this guy at
all it still it obviously won’t
pass it it obviously won’t pass but like
it doesn’t it wouldn’t affect any of us
there are always Downstream effects and
you tax business individuals at a higher
rate they have less money to hire
innovate and grow you know Milton bits
that’s rarely ever been the case
it’s never going to happen yeah it’s
never going to happen because Wall
Street like because Wall Street has way
too much power and they’re not going to
vote for this but realistically the
average Joe that’s hollering about this
it does not impact them at all
whatsoever and yeah Wall Street actually
makes all the
rules you like Maple Finance over gold
finch I mean I think both Maple and
Goldfinch are fine I I don’t like
necessarily prefer one over the other
they’re both like uh the they’re both
like good R rwa
plays have that much
power like Milton baits like that sounds
nice but realistically like that’s
really never been the case for
businesses like when you lower taxes on
them the net effect on the economy is
almost zero same thing when you raise
taxes on them
you like
avac yeah but this isn’t that like I
don’t actually see this as like immoral
where I obviously see that as
immoral remember I am not a staunch Pro
capitalist business person like I
generally favor capitalism over
socialism but there are definitely
limits and I think like rich people have
definitely taken those limits way over
what they’re supposed to be the fact
that like the CEO to worker pay has
has gone from like 30 to1 to 360 to1 is
absolutely
ridiculous it should have it should have
stayed at 30
to1 like just because they manipulated
it up just because Wall Street
manipulated it one way doesn’t mean we
can’t manipulate it back the other
way go through as uh easily 4K worth of
crypto I’ll be over a
million oh they made it too
easy there’s always a point but
realistically like it’s never really
affected the economy that much it’s
really never affected the economy that
much whether you raise rates on
businesses or lowered rates on
businesses and the threats to leave the
United States over over tax changes have
been basically like not never been
carried out even then even when those
tax changes went
through Joe does everything to lose
voters no he doesn’t actually like some
some of this will actually some of this
will actually appeal to the masses like
I said I don’t really care about this
all that much the CEO meaning in small
business usually takes all the risk so
with the small business it could be a
higher Gap yeah but big boy crypto this
isn’t going to affect the small
businesses this is made for like really
large businesses small businesses
usually don’t have a100 million in net
assets and most small business owners
don’t make over a million dollars in any
given year
I were poor two years ago and rich now
because they’re hard
work you have over 1 million third world
country is Paradise sure but like look
Dave Hooper the threat of businesses
leaving the US has rarely been carried
out and there’s plenty of businesses
that want to come to the US just because
it’s such a large
Market the big businesses that that that
want to go out of the US they would have
done that anyways just to escape like
certain laws and
things it will affect some of the
viewers in this chat some of us don’t
have 200 bucks in crypto and just watch
for
fun yeah but you know a million dollars
is honestly like a far cry from
200
well look 10 JK Wall Street generally
votes for like Republicans anyways so
this isn’t going to really affect
that yeah I I know yours is a small
business you have contracts but it’s
aund it’s a million in net profits and
it’s also 100 million in net assets if
you have over a 100 million in N Net
assets you’re no longer a small
business a lot of secure
um from East t- Mor SE nice nice I mean
a lot of c a lot of countries do
actually have like a we like like a like
an unrealized gains tax the US has never
really worked that way and I and I don’t
think these are I don’t think the laws
will actually
pass like every time they want to raise
taxes on business businesses make like a
big deal about how they’re all going to
leave the United States and it’s going
to devastate the US business like the
business scene like in the and in the
few times they’ve done it it’s been
basically a nothing
burger like they all they and they
always say like you cut bit taxes on
businesses like the economy will Thrive
but that’s also never really happened
how come I see the market gap for gold
finch in some states but uh it’s
probably because the circulating
Supply no I think like taxing unreal I
think taxing unrealized gains is like
dumb altogether cuz CU there’s the other
but me because there’s the other part of
it if you tax unrealized gains you’re
going to have to you’re going to have to
have them they’re you’re going to have
to let them deduct unrealized losses and
that’s going to be such a
headache yes you’re well I the top
European rates may not be that much
bigger but that like the European rates
actually graduate a lot faster than the
American rates so like whereas an
America like in America you might not
reach the top rate until like half a
million dollars you like you might reach
the top rate in Europe after like 50,000
so like the top rate yes it is a little
higher in most European countries but
it’s really the F the the real part of
it is like it graduates so much faster
than America CU there’s not that many
people actually making over the top rate
but there’s a lot of people in the
middle rates and if you bump the middle
rates up that tends to tax people a lot
more uh do you hear about recent
partnership between snck and Max I don’t
I’m not that familiar with Max Mau but
no I haven’t really seen the uh
partnership with snack
I’m surprised that like someone would
partner with a small meme coin but look
I mean sounds pretty cool though sounds
pretty
cool it’s not hard when you have 1
million to make 10% in a
week homes over are over a million say
you have saved invested now they want
30% of your what no no not D not you no
no that’s if you make over a million
dollars a year if you buy a house that’s
not
income if you buy a house that is not
income so like if you buy like if you
buy a house with $1 million with your $1
million you have in the bank that
doesn’t
count like it has to be $1 million in
actual income buying a house like buying
a house is not income we we’re already
over 644 we’re already at 6416 4 we’re
about $100 above that selling a house
also does not count as income because
you’re losing the house
it actually has to be like you make a
million
dollars cuz like if you sell a house
like even if it’s like a commercial
property if you sell a house you get to
deduct however much you bought it
for so it wouldn’t be unless you held
the house for like 50 years or something
it wouldn’t be a million dollars in an
income yeah yeah yeah yeah Milton Bates
it is a capital gain but you have to you
you have to subtract how much you bought
the house
for you you absolutely have to you have
to subtract how much you bought the
house for so unless your house
appreciated by a million dollars it
doesn’t really matter for
you yeah like capital gains like how
much you earning how much you’re earning
minus like how much you spent to buy
them why does anyone us care about
paying and also like not for you the
unrealized gains tax only affects those
with net worths over $100
million so that’s uh that’s a bit hard
to break for most people 100 million is
a lot of
money it’s not even a house for them to
take 40 over one million is theft stop
upward mobility of many
people it’s not like look it’s not $1
million in net worth it’s $1 million per
year of income it’s a big difference the
the unrealized tax doesn’t really hit
until you get a100 million of net worth
and yes $100 million still qualifies to
make you very rich
yeah except you don’t have a $100
million Bill Gates actually does have
$100
million not giving
up I of millionaires I lived in us I to
my landlord
yeah the unrealized gains tax doesn’t
actually doesn’t actually take effect
until you have $100 million net
worth you plan to get there most people
plan to get there the vast majority of
people don’t make it there most people
St most people spend more time worrying
about the the imaginary taxes they never
have to pay instead of how they’re
actually going to get there
yeah I don’t think George has that much
from his stream donations but George
probably gets several hundred thousand a
year from stream donations if I got that
much from stream donations I would
definitely be streaming from different
places that’s actually like that’s one
of like the poison pills of America like
them actually like continue usually
saying lower taxes on the rich actually
hurts them from getting there cuz then
there’s not as many like training
programs and education programs for the
people that want to get there this
bootstrap thing doesn’t work because the
system is already rigged against like
poor people from the beginning VJ and Co
coin price prediction I’m still looking
at 50 cents to a
dollar there are a bunch of the we have
a bunch of Thieves in office
we’ve always had that in office look it
really hasn’t changed in the recent
years and also like the bills aren’t
going to pass but I’m just saying that
even if the bills do it doesn’t affect
any of you well very few of you it
affects very very few of you especially
like the unrealized gains one which is
like kind of which is ridiculous but
even if the unrealized gains one does
actually pass it doesn’t actually affect
any of you cuz I’m I’m assuming none of
you have over $100 million
Wormhole you know between Wormhole and
Jupiter between Wormhole and Jupiter I
would actually take
Jupiter Luben yeah we we we actually
talked about ethereum suing the
SEC that’s actually really interesting
like I said I think the SEC is going to
have such a headache dealing with
ethereum and because ethereum has a lot
of the dirty receipts from the SEC like
there was definitely some collusion and
if they if they really go no holds bars
a lot of that collusion will actually
come
out no like Lake Show for life because
it’s the headlines the rich people make
them think that they’re protecting their
own money when these laws really don’t
have anything to do with
them anything to do with their money
because like instead like when they when
they talk about the
44.6% tax they conveniently leave out
the fact that it only affects people
making more than a million dollars per
year when they talk about the 25%
unrealized gains tax which doesn’t even
apply to most people because most people
most poor people don’t like really
invest all that much they also forget to
leave out that you have to have over a
hundred million for that to actually
affect you so yeah it’s because like the
way they it’s because how like Wall
Street like um it it’s how wall it’s
basically because of how Wall Street
like uh kind of like angles these kind
of bills they try they they they make it
seem like so it really affects the
poorer people which it doesn’t
has a net worth of 150 million took him
forever though I mean he’s made a lot of
movies that’s Johnny
Depp po cheering for
multi-millionaires dude like most people
in crypto are cheering for
multi-millionaires because they all
think they’re going to be
multi-millionaires never mind the fact
that even if they are multi-millionaires
they probably still won’t have $100
million like even if they are
multi-billionaires they still won’t have
$100
million crypto sizzling yeah look
crypto’s made a lot of big crypto’s not
making too many big movements it’s
really still I’m hoping they make a big
movement Monday or Tuesday because of
the Hong Kong ETF but I do think people
are putting too much uh hope in the Hong
Kong ETF you may be uh on paper and
you’ll still have to pay tens of minut
to the government before you have any in
your bank
account all right LA and Ace who in here
has over a hundred million in equity
Holdings like if you have over a 100
unless you’re like a unless you’re like
a really small startup that blew up like
Amazon you’re not going to have that and
there might be like three people in
America that actually have that 100 from
a million B coin since 20 uh since
2010 yeah but the thing is like South
play crypto like it see like you’ve
gained that over the years for for the
for the tax to affect you you have to
make over a million dollars in one
year you have to make over a 100 million
in like one year and if you’re if you’re
looking at the total net income thing
like if you’re looking at your total net
worth you have to have not a million you
have to have over a hundred million
before it affects you
you have to have over aund million
before it actually affects you and you
know a million dollars is still really
far away from a $100 million like many
people actually do reach a million
dollars net worth in their lifetime not
many people reach a100 million do in
their lifetime
uh that’s not necessarily true but yeah
you’re probably right a lot of rich
people don’t hang out on YouTube
channels they probably have better
things to
do so like and in Lakes show for life
you are right like a lot of the Richer
companies would actually be a would
actually be forced to actually like
reinvest more of it more than just hoard
it same thing with a lot of rich people
they wouldn’t be able to just completely
hoard it they might actually take it
offshore but they do that anyways right
now and yeah like the thing is
realistically if you have over100
million in equity Holdings unless you’re
like the founder of Amazon that never
sold his shares
realistically like that’s not going to
be a case so it’s going to be a very
extremely extremely rare case like you
have like Jeff Bezos Mark Zuckerberg and
maybe like one or two other
people outside of that probably not
didn’t really fect the market I mean for
sure the thing is like the GDP data
although it’s less than what we thought
it’s still
positive yeah I don’t think like like I
don’t think the IRS is even thinking
this through because if you have taxes
on unrealized gains you’re going to have
deductions for unrealized losses I think
they’re actually going to I actually
think they’re going to end up losing
money over it realistically cuz like in
bad years people are going to deduct
those unrealized losses like crazy so I
don’t think actually make much money um
over it LTC uh Peak price prediction for
this bull run I’m not too I’m not too
bullish on LTC I’m going to say like
$300 but I’m not really that bullish for
LTC but then again I’ve never really
been an LTC Advocate you know like I’ve
never believed in
LTC who do you think is the richest
crypto YouTuber purely crypto I’m not
sure it might be like George or Carl I
mean but Carl’s not really a YouTuber
he’s more of just an overall social soci
media influencer he probably has more on
Twitter than
YouTube what’s the currency news Japan’s
currency is like dropping Like a Rock
that’s the news so like they’re they’re
thinking that some governments like
either Japanese government or other
governments might have to step in to
stabilize Japan’s currency and the
volatility will actually be good for
Bitcoin because people will rush into
gold and Bitcoin because currencies are
really volatile so they’re hoping that’s
the case I don’t really see it but
they’re hoping that’s the case
uh what’s
ALB sailor is not really a YouTuber
though he’s just a Bitcoin buyer he’s
not really a YouTuber sailor’s going to
be very rich because he got into like
he’s been buying Bitcoin for a long long
time so he’s going to be very very rich
and well
off excited to write off all my
unrealized crypto losses each year
they’re probably going to put a limit on
unrealized losses just like they put a
limit on like Capital losses but I mean
a lot of people are still go a lot of
people are still going to write off
their crypto losses and like I said I
think they’re actually going to end up
losing more money that way than they
gain crazy enough I actually do think
they’re going to uh end up losing more
money uh than they gain
HB is decks on
base I don’t see them uh going to BTC
gold or silver as the dollar we’ll see I
mean they could go over to I think some
of them probably will but because I
think BTC is becoming more and more a
common part I do think Bitcoin is
becoming more and more a common part of
the portfolio so I I don’t necessarily
see them shying away from Bitcoin raise
the capital gains taxes what’s with
these people
like I really didn’t I’ve never really
thought that capital gains should be
different from any like from regular
taxes I don’t I’ve never thought they
should separate the two so like I’m not
surprised they did I’m glad that it is
this way in the United States because if
I do make capital gains I have to pay
less on
it Brett took a massive dump when people
found out insiders held 80% of
Supply that happens with coins all the
time
man I’m not I’m not actually concerned
about that uh I mean like memes are
going to continue to be strong no matter
how much you dislike them think Congress
themselves would vote against yes
there’s a lot of members of Congress
that would vote against it 100% there’s
going to be a ton of members of Congress
that would actually vote against
it so I’m not I’m not really concerned
that it will actually I’m not really
concerned it will actually pass or
anything because I’m pretty sure it
won’t 2.1k Bitcoin isn’t really that
much for grayscale
though crazy scale sold another I mean I
don’t think grayscale will completely I
don’t think grayscale will completely
sell
out cuz like they don’t want to exit the
market but like the CEO is really
dragging his feet on bringing down the
rates because I don’t know if he still
thinks he can be us bleed out black rock
and Fidelity but it’s kind of dumb if he
thinks like he can bleed out black rock
and Fidelity because that’s just not
really going to happen
that’s really not that’s really really
that’s really not going to happen you
can’t really bleed out black rock and
Fidelity cuz like that like that was
literally their plan from the beginning
they’re
like that was literally their plan from
the beginning they’re like we’re not
going to lower our rates because you
know the rates from the other ETFs
aren’t sustainable and they’ll have to
change their rates to match ours and
then Rock and Fidelity is like no we
have plenty of money to support this and
we can easily Outlast you so like they
obviously aren’t going like their their
plan just isn’t
working it’s not once again it’s not
Black Rock that’s buying like people
still think that for the ETFs it’s Black
Rock that’s buying it’s not Black Rock
that’s buying it’s the customers that
are buying the ETFs so Black Rock has to
match so it’s Black Rock buying the
Bitcoin because their customers are
buying the ETFs yes the retail investors
of the ETF are being tapped out of money
right now they’ve been buying Bitcoin
like they’ve been buying Bitcoin like
crazy for the last three months they’re
kind of tapped out on their funds so
that’s why like black Rock’s inflows
have kind of stopped right now but I
don’t think the institutions themselves
have actually come in yet like a lot of
the hedge fund managers and stuff I
don’t think they’ve come in
yet the government debt does matter as
long at least like the amount it’s
expanding at
and also like the confidence in the
dollar a lot a lot of the confidence in
the dollar has to do with the
government’s ability to raise revenue
via
taxes uh are insider trading they use
influence to show the public always
check who the largest holders are I mean
look that’s true with most coins like
not just meme coins but that’s true with
most
coins but yes a lot of the low cap memes
are insider trading and obviously like
if you make if they make a meme coin
obviously like the uh the team is going
to have is probably going to hold the
significant
share what’s happening with
salana um salana actually gained a lot
of hedge fund investments in the last
quarter which is pretty
cool B&B almost hit a new alltime
high BNB is just buying back in like
basically pumping up their coin look BNB
is going to do well regardless like CZ
isn’t actually head getting it but
realistically his wife is still in
charge of the company so he’s still
really involved guys please hit the
likes drop a donation and uh smash that
notifications button
man why are memes dumping extremely hard
on Bas because memes pump and dump all
the time that’s
why because Brett’s dumping so that
might be that might mean the rest of the
memes are dumping on
base also the thing is like bitcoin’s
just been going sideways and that
generally isn’t great for memes except
for the really long large ones that’s
generally not great for memes like the
thing is like you need to wait for like
the next leg up if you’re really into
memes they pass the unrealized capital
gains would that basically guarantee an
annual Market
tank I mean not really I it it depends
how much of the like it really depends
like how many what percentage of
investors have over100
million but it would actually force it
would actually Force like really really
rich people to sell off which that’s why
it’s not look the bills aren’t going to
pass Wall Street would never let those
bills pass Wall Street has a lot of like
Wall Street has a lot of power uh in
terms of like politics and policymaking
they’re never going to let that
pass yeah basically we’ve been going up
like multiple months in a row having one
month of cool down isn’t really like
some kind of devastating thing and it’s
not like and realistically it’s not like
we even went down a lot we just haven’t
gone up
it’s like people expect us to like
massively go up every single month which
you know isn’t really a which you know
you can’t sustain that forever even
during a bll run you have to have like
it has to take a breather every once in
a
while yes unrealized gains would create
a massive headache for the IRS because
like that it would actually like um
force them to deal with unrealized
losses as well which it’s just never
going to pass it’s going to create a
huge headache for them and even if they
um even if they do have this thing like
even if they do pass it they’re going to
repeal it because the unrealized losses
would just be like way way too
uh way way too much for them to deal
with and I think they would end up
losing money worried
about look this count that’s because
people love to worry about taxes that
they will never have to
pay that’s why
and like like I said like the the head
the the headlines honestly are very
different from what the bills actually
are like a lot of these people just
assume that it applies to everyone
because they haven’t read the uh because
they really haven’t read the um actual
bill to realize that it doesn’t affect
them they pass it that my nephews can
get his tax returns from investing in
Squid coin basically I
mean I mean technically if you invested
money and you lost it you should be able
to get it back
you you technically should be able to
get it
back because it it it does count as like
Capital Lo it does actually count as
losses so sell in May Buy in June is
even no like you don’t have to I don’t
think it’s going to go down in May
really I don’t think the Market’s
actually even going to go down in May
like sell in may like actually is sell
in May is basically saying like you
think the Market’s actually going to
drop in May I don’t think the Market’s
really going to drop in May it might not
go up that much but I don’t think it’ll
drop in
May are bearish on 8 and all the other
you know it’s going to turn around
everyone on Twitter well I mean you know
even if people like turn around on the
market like those coins might not be the
the ones to benefit though like like
both Ada and xrp have their own problems
and other newer projects like near might
actually get the
shine you don’t get it back and offset
your capital gains you can also deduct
up to $3,000 a pasture capital gains
with losses each
year and the thing is like your your
losses do carry over your your losses do
indeed carry over
yeah the FED would get not not so much
the fed the IRS would just K the IRS
honestly would just get pissed off
because everyone was um everyone was
basically like deducting unrealized
losses side uh sideways action as always
after the having my guess is that’s
probably the case it’s going to be
sideways action for a month or two and
then parabolic up but really istically
you don’t know when that parabolic up is
going to come most likely like most
likely towards the end of the year or
like at least towards late summer but
you don’t know it could go up like next
it could actually go up next month and
you don’t know and even if we go up from
64k to like 75k and stay there for a
long time you’re still going to miss the
64 to 75 so I honestly would just hold
right now no I don’t think the sell and
may rule is valid it doesn’t happen
every single May
it doesn’t actually happen every single
day people like these little people like
these little tropes because they want
investing to be easy but investing is
just not that easy there’s no like
certain
rules maybe not a big drop because there
I don’t really think there’ll even be a
drop I mean it might not go up but I
don’t think it’ll be a
drop because I I still think the
um I I still think
the I I still think the demand is pretty
strong I still think the demand in the
long run is really strong for Bitcoin
not from the only from the United States
but from like other places as
well I mean like I I feel like there’s
like a lot of investors abroad that are
going to be in uh that want to be in
crypto ethereum
ETF ethereum ETF probably isn’t going to
come until the end of the year if not
next year and there’s no there’s no real
there’s there’s no real incling of an
xrp ETF or any other
ETF I think the only I think the only
coin with to get an ETF within the next
year is going to be ethereum and if
ethereum gets it because the SEC seems
to be set on denying ethereum’s ETF um
next month so I I don’t think like we’ll
see another uh coin ETF at least not in
the United States for probably like
another eight nine months at least and
also um Hong Kong yes they do have a
ethereum ETF but I’m not really sure how
much much money that’s going to bring
in it’s probably going to be late 2024
early
2025 because the SEC just has not the
SEC has just not down done the
groundwork to actually bring in um an an
ethereum ETF the price of Min swap has
dropped 5% today but the values
increased from 80k uh increase from uh
to
400k what do you mean the values
increase from 80k to
400k I mean Bitcoin dropped a little bit
that’s probably why some coins are
dropping most coins are in the red today
like ltc’s gaining etc’s gaining a
couple of others are gaining but a lot
of the other coins are dropping what do
you what do you mean from 80k to 400k if
you if you’re talking about the volume
volume can fluctuate from day to day so
that’s not really like a that’s not
really something to be worried about if
you’re talking about the volume on Min
Swap and also 400k is still really
really small volume for an exchange so
it’s really not it’s not really
something to to worry about
I’m not bearish like I’m actually like
way more bullish on like BNB and salana
than I am on like xrp or even Ada cuz
salana honestly has done it right salana
has done it right in terms of like
getting the promotion getting the
adoption the others like the other coins
not so much like BNB salana I think
they’re doing things right obviously BNB
has their own methods but like some of
the other chains I’m just not really
sure
Q day approaching can ethereum
yeah I think the real tricky part to
taxes is like the liquid staking is the
uh is the staking taxes that is a real
real [ __ ] to calculate cuz technically
you’re supposed to report them the
moment you get the staking rewards which
kind of sucks but you know
whatever can decentralize Cloud
Solutions significantly challenge
industry giants like Amazon web services
I haven’t seen one yet that’s
successfully I have not seen one yet
that’s successfully done that so right
now I’m going to say no but it’s not
impossible I can kind of see it but not
really I mean like I I I don’t exactly
know how the decentralized storage would
work I’m going to guess it’s going to it
would kind of be like a CDN but like I’m
not exactly sure how that would
work like would you use like individuals
computers I I just don’t quite
understand that you still have to have
the hardware somewhere I mean that’s all
that’s all part of dpen though thoughts
on how much longer the market will dip I
mean the Market’s not really dipping
we’re still at 64k we we’ve been between
60 and 70 for a long time yeah we
retraced from 73 but we’ve held at this
level for a very long
time in investing uh uh it dropped 30% I
mean for like smaller swaps they can
drop pretty fast snck will follow
cardano so if you really want snck to go
up you like you should be part of the
party that wants Charles to get usdc on
Ada if you like any of if you like the
Ada ecosystem you should be you should
be banging on Charles’s Dora telling him
to actually get usdc on
cardano what are we are arranging and
probably will for uh probably a couple
of weeks or months I mean like people
are hoping for a big fomo like next
Monday or Tuesday because of the Hong
Kong stuff I think like I think they’re
overestimating what like the effect of
the Hong Kong stuff but we’ll see that’s
just my opinion jup and near looking
like a good pair I mean Jupiter I think
is actually a pretty good buy there’s
going to be there’s going to be like um
Supply dilution for Jupiter but I think
Jupiter is actually a pretty good
buy definitely not really dipping yet
but you will know when it dips I mean I
think we already had the dip down to
like 60 and I think that was the bounce
Point like a lot of people but a lot of
people were betting on like a huge posst
having dump but those are the same
people that were betting on like a preh
having dump like a massive massive preh
having dump which didn’t really
happen like the 40% the 40% dump that
people are hoping for is probably just
not going to
materialize if we go uh go up in a
couple of weeks we are 49 days of
ranging yeah I mean I I wouldn’t really
be surprised if we go up at any time at
this at this point but right now like
the the ETF demand has kind of like
simmered down at least right
now but like analysts are thinking it’s
going to pick back up like like in like
uh after like late Q2 early Q3 been
preceding the ETF that’s partly why
Bitcoin have already have held up pretty
well that might be it but I I mean like
I think Bitcoin would have held up
pretty well like with or without their
seating I think I think overall like
especially after the having demand is
just going to exceed
Supply and like I said I think a lot of
the hedge funds are only starting to
come into crypto right now near I think
like $40 is over
near yes I do believe DCA is the best
strategy you’ve got to pick a number to
stop DCA though you can’t just DCA
forever um like I would say like you
know if you’re dcing I definitely put
like $100,000 as like the stopping point
for DCA BTC I would have actually
stopped dcing at the all-time high but
then I would have been dcing like the
entire year and a half before that can’t
wait for the gbt selling the gbtc
selling has already kind of like calmed
down um they’re selling much less per
day now because like they don’t have as
much right now and also like the people
that want to sell have already kind of
sold
if you DCA since 2013 you’ll be a
millionaire in
2023 well I mean the S&P 500 essentially
has a 7% annualized
return so yeah at 100K you start to DCA
but selling no you stop DCA at like 100k
then maybe you start selling at like 150
or something 120 cuz you should have
been dcing all the way up from like 15K
to like 100k and then you start selling
at 120 and you maybe like climax selling
at like 160 or something and that’s a
solid way to get like
3x an India ETF would be good but the
Indian government is hostile to bitcoin
the Indian government not isn’t
necessarily hos hostile the Bitcoin I
the problem with the Indian government
is like we don’t actually know what the
hell they’re doing like one day they’ll
be really one day they will be really
hostile to bitcoin and the next day
they’re like oh bitcoin’s awesome and
wonderful so like I’m just go I’m just
going like what the hell are you guys
exactly going to do I don’t really know
all Indian money would leave India I I
think that’s also like part of the
reason governments like that’s
definitely one of the main reasons that
governments don’t like are guarding
against Bitcoin they don’t want money to
actually leave their
country does it want people in lower
cast I thought India already got I I I
thought India already got rid of the
cast system for the most part like
people could actually apply for jobs in
like different fields now I thought like
they mostly got rid of the cast system
at this point I I know like it was
really big but I thought they got rid of
most of
it cuz like you know like it workers
make a lot in India especially if they
can do like Outsourcing for the United
States the salary that they can make
here is pretty
big yes
Narnia The Lion wants to the lion wants
to invest in your Bitcoin
ETF xrp case I don’t know if it’s going
to be resolved this year actually cuz
like the SEC is asking for $2
billion and like Ripple is essentially
saying like they don’t want to pay more
than $10 million so there’s a huge
disparity and there’s going to be a huge
fight if the judge rules in Ripple’s
favor it’s a huge huge blow to
the because if the judge rules in the
Ripple s that means like the SEC
basically doesn’t get any of their legal
money
back cast system
still exists in India but I don’t think
it’s I don’t think it’s quite as
impressive as it was before because you
can get you you might you you can still
get basically any kind of job kind
distribution Network yeah a CDN is
basically a Content distribution Network
it’s kind of like a decentralized way to
host a website CU you can ping from like
several different databases to get your
content to whatever their content needs
to get to so it’s it’s a it’s a it’s a
convenient
way it’s a convenient way to manage that
stuff how much do you think ultimately
pay in fines I’m going to guess it’s
going to be I I I think maybe like 20
$30 million I don’t think it’ll be
anywhere near $2
billion because I think the SEC is
definitely reaching on it and I I I
don’t even think the SEC is going to get
their lawsuit money back obviously
Ripple Al um lost a lot of money in the
lawsuit but I don’t think it’s going to
be anywhere near the2 billion dollar
that the SEC wants because that’s just
that’s kind of a ridiculous
fine yeah I think that’s like d
Godfather I think that’s about to change
because I think I think coinbase is
going to win their lawsuit like it like
courts have already signaled like how
they think it should rule because like
remember like the
courts like the courts ruled in the
class action lawsuit against
coinbase that like uh coinbase like the
secondary Securities thing weren’t uh
the secondary markets weren’t
Securities uh it wasn’t the it wasn’t
the SEC lawsuit
it was it was not the SEC lawsuit but
like it was like a class action lawsuit
bought by investors and they lost that
so I think that sort of signals how like
that case with the SEC is going to turn
out and that’s going to be a big big
blow to the SEC as well if they lose
that
lawsuit so I I don’t think secondary I
don’t think secondary markets going to
end up being Securities however primary
markets might be Securities cuz remember
how judge Torres ruled like that
institutional sales of xrp were actually
Securities and that’s why and that’s why
Ripple exchanged xrp for
usdt within the United States but that
also means that usdt is not a security
which you know like there’s so many
there’s so many holes in the sec’s
argument there’s like so so many holes
in the sec’s argument they’re they’re
just having like a they’re basically
having a hard time fending everyone off
made by Satoshi Nakamoto 2 cuz there is
no Satoshi Nakamoto 2 and no one cares
about btc2 btc’s already got the
foothold and and BTC is basically the
crypto index all these other Forks
they’re not the crypto index so
therefore no one gives a crap about
them proof of work is not guys proof of
work is not the future for like crypto
but Bitcoin is going to remain number
one because it was like the first crypto
out there and everyone looks at it like
the market index but like uh
BTC but like proof of work is not the
future all this stuff like LTC bch it’s
eventually going to fade into Oblivion
no matter how many fans those coins have
bsv has already kind of faded into
Oblivion because Craig Wright was proven
as a fraud because there wouldn’t be a
fair launch bitcoin’s history can’t be
replicated I mean even the coins that
proposedly have a fair launch like their
teams actually do have quite a bit of
the coin from from what I’ve seen
anyways Peaks at atth this August and 20
we should would surprise
everyone I think sort of would I mean I
don’t know if it exactly
would I don’t think it’s going to Peak
until next year but we’ll
see it going to happen once it going to
happen
twice yeah it’s a huge first mover
advantage and that’s why some people
have trust in Bitcoin and even though it
was like technically fairly launched
there are still some really big old
wallets like satoshi’s wallet which
probably doesn’t which is probably not
able to be opened is still worth a lot
of money like it’s still worth a lot of
Bitcoins it has 5% of the
stack and that’s partially because no
one cared about Bitcoin when it was
first launched so people didn’t really
think it was going to be worth all that
much so they so like they didn’t try to
accumulate Mass amounts of
it file corner aptose I would probably
go for Aptos
that people know crypto is a thing the
new token yeah now that people know that
crypto is a thing everyone’s hoping to
get rich and because everyone’s hoping
to get rich you can’t really fair launch
a coin anymore because everyone like
when you launch a coin people want part
of that coin don’t you think hitting
atth before having means we’re going to
top uh not necessarily we hit atth
before having because the ETF and the
ETF is just another Factor like there
there’ll be positive inflows of the ETF
for quite a while I mean there’ll be
like sudden stops there will be stops
like right now but there’ll be positive
inflows
overall like the time of the having
really hasn’t
shifted I don’t really know what foxy is
so I don’t know whether it’ be bullish
or bearish on it if it’s another meme
coin it’s probably just another pump and
dump no Black Rock didn’t buy
today yeah the pizza man didn’t think
much of BTC like a lot of when BTC was
worth like P no one thought much of
BTC realistically Bitcoin didn’t really
Bitcoin didn’t really blow
up like Bitcoin really didn’t blow up
until like 2017 bull run like people
knew like I think people knew about
Bitcoin since like 2013 or 2014 a lot of
people but like it didn’t really get
popular until like 2017 that’s when the
market cap like really really blew up
and it actually became like sort of
mainstream
back in the days we were using BTC like
cash
I mean that’s what Bitcoin was kind of
be like Bitcoin was kind of meant to be
used like cash though like they wanted
like a they wanted to run like they
wanted to run like an economy off of
Bitcoin but then they realized that
Bitcoin couldn’t scale to do
that you should patent money go up
crypto Theory one talking about it like
that number go up crypto Theory man
number go up crypto
Theory Maybe
I bought pizza and coffee
daily altcoin July and altcoin season
I don’t really invest in stocks I’m not
really sure what news Snapchat had look
I I think like July and August we might
see one altcoin pump but I think the big
altcoin pumps December January and not
all altcoins are going to pump at the
same time but I think the big one’s like
December January I I do think the
altcoin cycle is going to follow like I
I definitely think the altcoin cycle is
going to follow the last altcoin cycle
days when I would just get 20 sent to my
account on banked to the Future every
month for 1K
investment only on eth and so be good or
a bad
thing usdc has like five or 10 different
networks that they run off of it’s not
going to be just on ethereum or soul I I
don’t see a reason why usdc would take
themelves off the other networks it it
doesn’t really make any sense for them
to take themselves off the other
networks so I I don’t think it’ll be
just on ethereum and
soul should I move on from 88 if it
doesn’t hit yes you should move on from
8 if it doesn’t hit a dollar this cycle
but the Cycle’s not over you still
literally have like more than like a
year or more before the Cycle’s like
technically over and most of the pump
happens within that last
year I I don’t think Bitcoin for
remittance is really like all I don’t
think bit Bitcoin is that compatible for
remittance the fees are too big for
Bitcoin you would use something you
would use something else like salana xrp
or something for resistance for
remittance or maybe even like usdc on
salana for remittance because like you
want something that’s doesn’t have fees
for remittance think next altcoin season
will follow last cycle because altcoins
don’t have the ETF factor and there’s no
reason for them not to follow the last
altcoin
cycle yes I still hold ad8
but like I said if it doesn’t reach its
alltime if it doesn’t reach like the
all-time high during the bull run I
might have I I have to switch to a newer
coin for
sure I mean like look if Charles gets
this U if Charles gets usdc on cardano I
definitely think like cardano is gonna
be good this run but I don’t know if he
is
it you know like right now I’m looking
towards near and some of the newer coins
but realistically I’ll see what new
projects come up in the last
cycle yeah because the digital store of
value is really the only thing bitcoin’s
good at doing it can’t do anything else
it legitimately cannot do anything else
because it’s
slow it’s slow so it can’t do anything
else you need coins that can scale to do
the other stuff and Bitcoin simply
cannot
scale but it’s got a pretty it’s got a
pretty good use case in the store of
value and that’s where it should like
that should be its
Forte that definitely should be its
Forte the store value the other stuff is
just not good at doing why is Bitcoin
moving slow because there’s no reason
for it to move fast like markets are
suppos markets are technically supposed
to act like this most of the time unless
there’s a big ShakeOut it’s not supposed
to move a lot turmoil yeah the Japanese
Yen dropped 1.4 1.3% today against the
US dollar and for a major currency
that’s a big big movement in a day so
and also the Japanese yens fell to the
lowest point against the US dollar since
1990 so it’s kind of a big
deal it it is kind of a big deal for for
a major currency to move that much
so they’re they’re thinking that like
they might like people might want to
step
in but I doubt like I don’t think the
FED has any real interest in stepping in
the fed’s still trying to fight
inflation so they’re not going to want
to inject liquidity into the system
I mean well I mean when you talk about
major currencies you always talk about
them in relation to other major
currencies what do you think will happen
to the
British no what do you mean the
British do I think Bitcoin will go down
to 585 it’s
possible but um I still think 60k is
going to hold
man some of the some of you some of your
countries that got colonized by the
British are still not over that whole
colonization thing huh time to let it go
man time to let it go it’s been like a
100
years time to let it
go I definitely think it’s a
I mean I don’t know if it’s a steal like
some sometimes when those coins go down
they don’t come back
up dude it’s a freaking meme it’s it’s a
meme you kind of expected to do that
when big like it goes up a lot and then
it goes down a lot it hits 100K
wise M do not forget yeah but you can’t
change history and you’re not going to
sail a fleet up to attack England so
might as well just let it go
Kathy Wood is calling Kathy Wood calls
for some like crazy ass numbers man I I
wouldn’t pay attention I wouldn’t really
pay too much attention to Kathy Wood’s
predictions dude Perry why do you come
in here like every three days to cry
about
V you haven’t waited for four years yet
dude Kathy Woods heavily
invested Kathy Wood is Kathy Woods is
heavily invested in like BTC in crypto
in Bitcoin and ethereum so obviously
she’s going to want the coins to go
up obviously ethereum is not going to
reach 166k even if they get an ETF
there’s no way they’re going to get to
166k
I mean she hasn’t look Woods has not
made the best calls on like when to buy
and sell
Bitcoin but like she has she’s made a
lot of money because she got into
Bitcoin early if you get into Bitcoin
early it doesn’t actually matter what
price you sell out you’ll still make a
lot of
money
Adam data Dash is going to be very sad
in like a couple of weeks what I I don’t
know if I would buy I’m like Adam
staking was really good during the bare
Market I don’t know if I would want to
go with Adam in the bull market
though look I’ve been telling you from
the beginning on like on these other
coins like V you got to wait for a full
cycle if you haven’t wait waited for a
full cycle yet then stop crying
if you actually want to invest in non
meme projects like real projects you
need to have the patience to wait for
four years if you invest in memes that
you don’t need that but I mean
realistically you’re also taking a much
much bigger
risk call for 10K
Bitcoin oh data Dash yeah 10K Bitcoin is
not happening
neither is 20K or
30k he just can’t like he just really
can’t let go of the bearish
theme he really needs to get let go of
the bearish
theme because like those those ultra low
prices are clearly not happening at this
point even if we get like a 30 40% dump
from 70k we’re still not going to 10K
a lot of altcoins a lot of allcoins have
not recovered to anywhere near their
all-time
highs like the allseason thing isn’t com
like the allseason thing just hasn’t
come
yet Who the hell’s paying him to be
bearish Jerome pal I don’t think so like
who would actually pay him to be bearish
Gary guinsler Jerome pal I doubt the SEC
is going to pay him or the fed’s going
to pay
him so yeah I don’t believe he’s being
paid because I don’t really see who
would actually pay him to be
bearish yeah I don’t think I don’t think
Elizabeth Warren’s actually talking to
data Dash data
Dash paid off the books by a deep State
Spooks you know Milton Bates I bet a lot
of the crypto conspiracy theorists would
actually believe that I’m almost sure
that if you like said that a lot of the
crypto conspiracy theorists would 100%
believe
that I I think Bitcoin will hold 60k as
well also keep saying is going to go
down with the stock market once the
crash of the sentury occurs you know
we’ve been waiting for kiyosaki’s crash
of the sentury for like the last six
years six or seven
years like I don’t think kiyosaki’s
predictions really come true all that
often he got look kosaki literally made
all his money by like writing and
selling a book that’s what he’s good
at like legit all of his money comes
from writing and selling a book called
Rich Dad Poor Dad in that
Series without the book series he
wouldn’t actually have that much money
he basically writes books and does
seminars for money
he literally writes books and does
seminars to make his money he hasn’t
actually like the the other stuff he’s
done actually hasn’t made that much
money for for kosaki and kosaki is
generally Pro
Bitcoin despite despite kiyosaki’s
ridiculous calls kosaki is generally Pro
Bitcoin
is broken clock that shows correct
yeah yeah dude just like you can just
check your portfolio like once a day or
something or once a
week and just wait for like December or
January that’s probably when it’s going
to pump if it’s ever going to
pump no like he’s Pro BTC but kiyosaki’s
calls are pretty bad
kiyosaki’s calls are pretty bad and he
just like and he keeps on going with the
same things he’s like you know like the
dump of the century which is SPO which
he’s been doing for like six
years I think he’s I think kosaki like
reading his book I think he’s still
bitter that his dad wasn’t rich and he
didn’t like his dad didn’t really care
that much about money so he didn’t like
leave kosaki with a gigantic inheritance
like his friend’s
dad did you really put all your life
savings in one
crypto man I mean I think it’ll work out
for you but I’ve been telling people to
diversify and not put everything in one
coin
it’s one of kiyosaki’s books a huge
market crash in 2013 because the Baby
Boomers would retired and take their
money yeah they’re not going to take
their money out of the market my my
parents retired their money’s still in
the
401K they with they do withdraw from it
slowly but they didn’t take all the
money out all at
once no like if like James have you read
rich like have you read Rich Dad Poor
Dad have you rich have you actually read
Rich Dad Poor Dad he always talks about
like how his friend’s dad like left his
friend in Hawaii with like a huge uh
huge inheritance and his dad just left
him with a bunch of bills I’m like first
of all you don’t have to pay your dad’s
bills you don’t actually inherit your
parents’ bills it’s not how it
works like if you actually read that
book you can tell he’s kind of bitter
I don’t know one of his childhood
friends is supposedly one of the richest
guys in
Hawaii like if you actually read Rich
Dad Poor Dad you can tell he’s
bitter because he starts it off with
like he starts it off Like A Tale of Two
Cities and like he’s the he’s the pulper
or or yeah and he’s the pulper guy
but dude like realistically though but
real but realistically like kosaki made
all his money writing his
books and it’s not like kosaki it’s not
like he grew up in a poor house he grew
up in a regular middle class house he
grew up in a regular middle class
household where his dad didn’t really
allow them to talk about like making
money at the dinner table like his dad
was like his dad wasn’t like uh wasn’t
completely obsessed with
materialism always also hates phds
dude like I said the dude made all his
money writing his books
man like literally the dude makes up
made all his money writing his books if
it wasn’t for like the whole cash flow
quadrant thing and the Rich Dad Poor Dad
thing kosaki wouldn’t have that much
money like something more than
materialistic things
like all all like his wealth generally
St stems from the Rich Dad Poor Dad
business and cash flow
quadrant because his father was a PhD he
needs therapy yeah his his father was
actually an academic and his father
didn’t really care that much about money
or the pursuit of massive amounts of
money he actually like he wrote about
how like he actually like he actually
set up kind of like a like a coinage in
the basement when he was a kid and
printed nickels and he didn’t understand
that was
illegal tangum seems to be getting more
and more popular right
now tangum actually seems to be really
really popular right now
like his dad was like a professor so
their family wasn’t like poor or
anything but he was just middle class
said teachers were
communist dude that’s because Robert
Kiyosaki sold his soul in pursuit of
more money more or less and pursuit it
to get
money so keeps telling us that this is
our last pump and that we’re idiots for
buying
alts dude if it’s the last pump you
definitely want to buy
alts yeah he was like minting well I
mean remember this was like back in the
50s though like this was back in the 50s
more or less or 40s even cuz like this
was like I think this was right after
World War II like in the in the early
50s so he was like he was in Hawaii
minting like counterfeit
nickels and like his dad like he didn’t
realize that was illegal
which meme coin are you most bullish
on like still flaky right now for
me no he was a he was a kid in the 50s
so like kosaki was like a kid in the 50s
that’s why he was minting nickels in the
garage because adults wouldn’t actually
mint nickels in the garage
I don’t know if he actually fought I
think he did go I think he did get a
tour in Vietnam but I don’t really know
if he was on the front lines
fighting he did get S I think I mean he
did join the
Army he he did actually join the uh the
troops but I don’t know if he was
actually sent there
I mean he wasn’t he he wasn’t uh he
wasn’t super rich then so he couldn’t
get off on bone
spurs has never had any crypto
Holdings no I think Cen probably has had
Bitcoin Holdings I don’t know if he has
any other
Holdings and look Cowen makes all his
money selling his course he doesn’t
actually make money with crypto he
doesn’t actually I don’t think he
actually makes money selling crypto he
makes money selling his course most
YouTube influencers make most their
money on YouTube like for YouTube money
they don’t actually make that much money
with crypto or like comparatively
little Marine helicopter pilot
nice I mean but he did make it in the
end because he he wrote a book and he
sold a lot of that book
and selling that book made him really
really rich that that’s how he got
that’s how he got rich he he wrote a
book and he sold a lot of the book which
and that’s not a I’m not saying that’s a
bad thing I think if you want to write a
book and sell a book to get rich I think
that’s perfectly fine by the
ways but don’t tell me that you’re an
expert on
like on crypto or currency just because
you wrote a book and you sold a
book even uh I wouldn’t be surprised if
half these influence even whole crypto
that they done get via
donations I mean to be fair salana has
actually done pretty well in this bull
run like it’s cooled off some definitely
now but it actually did pretty well and
I think like once the market goes back
up it’s still going to do
well he probably bought cardono when it
was pretty high
he probably bought cardano when the
price was pretty high that’s why he he’s
probably sour against it now but he just
bought it the wrong
time like I said like cn’s calls haven’t
been that
great it’s not like Cowan’s calls have
been that great
man Royal Consulting for probably set
next to Charles on a plane for 13
hours dude I’m not making a coin I’m not
interested in making a coin is it better
to cash or the or wait for a coin to
rebounds I mean depends what kind of
coin for a meme coin it might be better
just to cash the loss but um otherwise
if you believe in the project I would
wait for it to rebounce because we
haven’t hit that R run stage yet
he wasn’t wealthy enough to get a doctor
so he had
childhood Asma
Isis staking since toup don’t of the
losses I see look look I mean I I mean
like Ben Cowan does have a PhD in
mathematics but like the issue with that
is you’re trying to use trying to use
mathematical models to determine the
future of a market and that’s really
really hard to
do Clinton was actually a really good
president
though Clint like Clinton was actually a
really really good president despite his
personal life
you know the thing is like La a I don’t
think Hillary’s policies would have been
any different from Bill’s they were
really close in terms of like in terms
of like political Viewpoint Hillary and
Bill were like really close I’m pretty
sure her like her actual policies would
have been pretty much the exact same
thing as bills
now whether those those policies would
have worked or not is another story was
a currency like Japan’s currency fell
1.3% today against the dollar and that’s
like a huge huge movement for like an a
big International
currency because like intern big
International currencies Don’t Fall by
that much per day so it was kind of a
shock and it was kind of a big
deal I mean you could say that war you
could say that saon was compromised too
by the
ring would be a pretty good time to
visit Tokyo the the Japanese genen is is
at like a 35y year low against the US
dollar so visiting Japan is not a bad
idea
the JPY is definitely losing its Peg
against the USD
though which is very
bad can buy a lot of sushi
Japan is always cool lots of anime
hologram definitely
in the meantime Japanese cars are
alltime high on the US I see
the touristy places in Mexico are pretty
safe the other places not so
much people hate look people literally
hate people hate um runes because runes
like makes Bitcoin really really slow
that’s why people hate
runes I’m not a huge fan of runes cuz
runes does bog up
Bitcoin but I really don’t care about
runes all that
much they want to do their ruin thing
fine Al Salvador is a lot safer than it
used to be I don’t know if it’s like
really safe if you have a tattoo they
might arrest
you cuz like that’s how they keep the
gangs out of Al Salvador like they
basically arrest everyone that might
look like they’re part of a gang and
bui’s like incredibly popular because of
that policy CU most people are willing
to forego rights to get rid of the
gangs dangerous dangerous that’s really
dangerous but the gangs used to be so
bad there that people are willing to do
that it’s nuts
and she said it was really quiet and
safe now yeah like I said they basically
have like the police essentially have
that place on lockdown now like if you
like look like you’re part of a gang
they’ll arrest
you yeah guys please hit the likes drop
a donation hit that notifications button
tell people about this channel
five days to cash out why is it five
days to cash
out oh Oh you mean the the speed of the
the network
yes Max I mean they know who Max Kaiser
is Max K they know that Max Kaiser isn’t
like a Kingpin or something so they
probably don’t give a crap about Max
Kaiser all right guys that’s going to be
it for right now like And subscribe hit
the Bell notifications button I will be
back later today and I will see you guys
later

#crypto #bitcoin #hedera

Japanese Yen is looking very Shaky. Is this good or bad for Bitcoin?
—————————————————————————————————————————-
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ADA

addr1qyp0ap6glhn20zlkrf6kk6elr8up8wtd096s4dtw4dc400fhvw8gqrh7t7jrewqwaj33pzt0e3vuzgukwyrzdp4j8e4qgqeddx

Solana:
EQ6wKcRTWkX1jPTsHEd11VzEmRQXaUpb9FaFEYvbcohL

Vechain
0x41aea376d651d90d53f76ce280c05855db105007

Hbar:

0.0.5076747

Tron

TXJw7F9mZbiXz6EJcpo656BYU7h8mosNEY

ICX

hx52f439bd40bdaa1f13b1a93697d45ad5fa73d36e

Base:
0x8F902AE0156c6693618feDC4f777D8414b3992BB

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