Luke Belmar's Top Crypto Altcoins To 20X Your Money This Bull Run!

So I'm here with Luke belmer entrepreneur founder of Capital Club Luke welcome and welcome back to Dubai thanks for having me look forward to talking about crypto and uh what it holds for this year yeah super excited to chat to you I've obviously been in the crypto space for many years you have as well I think you into space since 2016 so even even longer than me so I think we're going to dive today into a Lot of the intricate nitty-gritty in the market the Dynamics best coins to buy what where you view the market

going over the next few years so I think is going to be a great conversation and yeah hopefully one people can find a lot of value in they will let's get into it so how did this and we've already been talking for a couple minutes and we're doing the intro now how how did this all begin for you like where did you originally um start off both in crypto And Entrepreneurship to be where you are today because obviously now you're you know hugely successful you have the brand but I'm interested to know how that all

started yeah so I've always wanted to be an entrepreneur now people tend to go towards the business model or the niche that they are exposed to or that they're aware of when I went to the United States at the age of 16 I started pressure washing basketball courts Cleaning toilets working at restaurants but I always wanted to be an entrepreneur so the first kind of mindset of entrepreneurs like you know what let let me let me maybe start a restaurant that was my thing right like let me start a restaurant then I started researching it

you know restaurants operate on 1% margins a lot of them close down within two years every single day you have new turn of customers so every single day customers have Expectations of perfection right which is really hard to maintain you have food you have inventory you have employees all these things like bro there needs to be a better way for entrepreneur they hard businesses to run super hard passion project for sure but very difficult while I was waiting tables you know somebody came up to me one of the fellow servers and like hey like you

know I've been trading stocks I made $14,000 this last month I'm like [ __ ] That's [ __ ] crazy you know we made maybe $3,000 a month waiting tables and I'm like well how you doing it what is it he's like oh download this app called Robin Hood that's when Robin Hood was new because we didn't know anything about Finance so you have this little game ofi app so I was like Hey like this is extremely intriguing how do I get involved he's like read this book stocks uh reminiscence of a stock operator I'm

Like okay sounds good that's the first book that I read about in the psychology of trading and I was like okay this is interesting couple weeks go in I buy a couple penny stocks a couple of these biotech companies that tend to pump I'm like these are [ __ ] like these things are going to do well it's pretty fun but I lost money obviously naturally so I go back to my server you know buddy and we continue conversing a couple weeks goo bu he's hey have you heard About Bitcoin like what is that he's

like oh it's this digital money people are getting into it pre-b run $588 2016 right yeah so I go in buy some Bitcoin three I think it was about two and a half or three Bitcoin and I sat on it that was my first exposure to crypto in 2016 but it wasn't my my first exposure actually to crypto looking back at it was my first exposure to the digital landscape because Bitcoin crypto is merely the money of the Internet it's Not inherently separated to the rest of the Internet it's very much congruent so 2017 rolls

around and I get introduced to social media marketing e-commerce Facebook ads and that's how I start my business 2019 rolls around get fully into crypto after the 2018 bull bull market I do 160x return lose it I fell into I fell into the hotal you know how did you deal with that I mean that's a crazy amount of money to make and lose in like it was very simple I Was super high convicted about crypto I said I need to make more money because remember 2016 rolled around I came into crypto with $3,000 $3,000 from

a credit card right so I was like I need to reposition myself the next Bull Run to do extremely well which thankfully was a couple million dollars because I did well in e-commerce yeah during covid so I dumped all of my money into eth into xrp Ada Tron in uh the bare Market dump of I think it was March Co was buying ethereum for like 100 bucks so it did a 40x put in a couple million dollars did a 42x on my portfolio cashed out at a $59,000 Bitcoin $3,950 eth wow and I exited the

bull run I shorted Luna because it was an obvious scam of 20% like it was imploding obviously imploding did extremely well on that and then decided to build my personal brand so I started trading dollars which was what I made during the Bull Run for influence Because I realized hey you know dollars are depreciating the government just printed 20% of all circulating Supply over the last 3 four years it's clearly a shitcoin let me sell my dollars for influence so that then I can take my influence and make more dollars so it's like a a

loop cycle so I built one of the strongest personal brands in The Entrepreneur Space in the world in the last two years and being good at crypto it is opened up more opportunities from Me inside of crypto as well so this bull run rolled around last Bull Run we had nfts we had I would say nfts were probably one of the highlights for me we had meme coins kind of begin to be introduced staking was incorporated this bull run it feels like it's a full meme coin frenzy yeah and I'm here for it because over

the last two bull runs what we've had is all these projects promise utility promise road maps promised Endeavors promised Tech and 99% Of them never deliver so when I see this random meme coin pop around the year 2016 known as Dogecoin I'm like oh what is this thing 2017 I never bought it because I'm like this is a shitcoin I'm too I'm too bougie I'm too I'm too much of a financial connoisseur to buy Dogecoin right like why would I buy aund million market cap Dogecoin seems risky and then it rips to 10 billion like

okay well what is this and I began to think okay well why are people in crypto and Who moves the markets is it utility is it a road map or is it Community is it people is it hype is it culture and it's obviously the latter so my crypto perspective has shifted from utility quote unquote because a lot of web 2 projects can offer the utility that web 3 offers and realizing that the financial infrastructure the base layer of crypto the applications that we use the the chains that we operate on are going to be

hard to compete with and Hard to topple so you just build on top of them and take their momentum and build off of the momentum and memes in my opinion are the most Halal version of crypto so what are some meme coins that you're interested in and why you know there's so memes represent culture so you can look at culture but then you also look at what drives culture which is marketing and public relations so there's some things that naturally take off your Dogecoin your Sheba your paye Because they're already ingrained in culture nobody thought

that Bitcoin was going to take over but when it took over other things started to gain attention in this case Dogecoin the next Bull Run rolled around people like hey you know what we're going to need another set of meme coins because we don't want this thing that's worth tens of billions of dollars already introducing Sheba introducing paye introducing all these other ones now another chain rolls Around salana you have whiff you have all these other ones roll around and then coinbase says hey you know what the SEC is cracking down on us I think

I think we should launch a decentralized chain so they launch base chain here come all the meme coiners and launch on base chain I bet I bet on Brett Brett did extremely well now you have other chains that are popping up that are doing extremely well that are gaining a lot of attention that have we talked About culture but they have the other side which is the marketing and the public relations which is what you need in order to drive traffic so you look at metamask okay what are the two chains that are native to

metamask ethereum and Linea these are the two so these are two that are going to have great marketing and great public relations because they have money and they have teams so what do you have on ethereum on ethereum have all these different projects that are Rolling around memecoins are abundant and generous Lya is a new one that's rolling around we have foxy on L kind of represents the the mascot of metamask it's really good novel idea has the ability to take off then you have salana you have binance Smart chain new tokens rolling out there

it really is about Trends teams and narratives that's what it boils down to so you want to be vested on every potential chain you want to find the winner on every chain Because every chain is going to have their meme winner and then you want to find the teams that have the best public relations and the best marketing you don't care about Dev work you don't care about any of the stuff because it's a meme coin so ones that I'm looking at base chain Rett simple salana NPC because I talk a lot about you know

being being an NPC on ethereum foxy On Lena and nothing yet on the binance smart chain and nothing yet on ton I'm Still looking at those because you got to wait to see what the winner is as well you have to wait to see what the winner is otherwise you can get in too early sometimes but you could you can predict the winner based off of the public relations and the marketing yeah because those are the two strongest indicating factors so for example you look at Foxy how they launched right they launched most of all

the ma major exchanges off of day one hundred million Market cap off rip really strong team really strong narrative really strong marketing okay it makes sense they need to work on the incorporation of the L chain things that that but what makes me bullish the fact that you can buy on centralized exchanges path of lease resistance easy to operate are people going to go on base chain to buy Brit not necessarily they'll probably go on bybit and buy it yeah or on C coin it's just the path of least resistance so Once you have these

centralized listing exchanges it's all about public relations marketing world's yours for the taking there's actually a bit of alpha there like look at the projects that's like a road map that past projects have given you to find tokens that are likely to list on exchanges so something you can do is play the game of like what what is just think like an exchange what are they most likely going to list something that's decentralized Something that has a strong team something that has mind share and users generally speaking at some point they'll list it if the

volume's there so if a meme coin has great volume great Community is decentralized and fits the exchange book you can also preposition that's what a lot of people did with Brett and then it ran and and then you and then these meme coins need to have enough liquidity in order for you to exit positions you see these [ __ ] Ated market caps but there is enough daily volume traded there is enough interest in order for you to exit positions so all the ones that I mentioned are easy exible uh positions based off of the

liquidity and the demand yeah people don't think of liquidity like new investors they think oh it's 100 Mil Market Capital if the if the 2% depth is $15,000 you can't sell more than like a 10K clip without you know nuking price one to 2% you get Crazy slippage so it's like you got to you got to factor in liquidity if you're dealing with size and that comes down to momentum and momentum comes down to narrative and narrative can be built by public relations and marketing so find the public relations find the marketing find the people

have the winning road map exchange listings Partnerships kol's decentralized Supply really fast moving teams good memes good uh graphic design work good virality and distribution You'll find a winning meme you know why else liquidity matters got one more point on this the the big players the whales like they aren't trading1 $20,000 they want to get into a meme they want to buy 5% of the supply they want to put $110 million in 99% of memes are simply not able to do that without massively impacting price so the tokens that do have big exchange listings and

a lot of liquidity on chain through the LPS like these are typically the ones where like Whales are almost forced to position themselves there if they want exposure and like you know even myself if I want to go in with a bigger bet I'm like limited to a pool of memes and those are naturally the ones that get the listings that perform better because they're the ones you can end like Pepe and and they have an up up like an upward momentum spiral like the more momentum you catch in crypto you see these charts bro

they they'll go from 100 Mil market cap to a Billion in three weeks and whales talk as well like if if you're a whale and you've got $20 million are you just going to say nothing no you're probably connected in the industry you probably got friends partners that run agencies that can bring K's in partners that are at exchanges we're running our own Wall Street we're running our own Wall Street that's what happens in Wall Street in the back end anyway so those are the memes I'm looking at brother those are Things I'm considering the

CH that I'm kind of observing and uh all all these projects I think are going to be doing extremely well this B run yeah we'll update the audience on our social medias if we find anything yeah why not no false promises no false Illusions they say what they say they are and they fulfill their Duty example exactly so once again everything we invest in whether you invest in a business your money your time your Resources into a business 75% of businesses fail you invest in the dollar they can print dollars out of the nir they

can free your money if you don't have it in cash it's probably in a bank that can be frozen if it's in cash you're most likely considered a criminal nowadays you can't even move it more than $10,000 at a time you want gold perfect that's a speculative asset how much has gold actually moved over the last 10 years nothing compared to Bitcoin Bitcoin is the new speculative asset and as somebody that understands where we are currently in history I understand that these leveraged ideas and investing your money in Risky ways is just naturally where we

are in the history recycle let me take you back to wayar Republic Berlin Germany 1940s pre-World War II it was D gen center all sorts of sexual depravity drinking alcohol gambling why why was everything so Rampant why were there so many prostitutes out in the street like only fans well because they realized it's better I'll make more money than working well okay why because wayar Republic was inflating their currency and debasing their currency by printing infinite amounts of money it's a currency that lasted eight years people don't know that wow in and out shitcoin it's

a mem coin so people began to do speculate because they realized hey I Can't hold this unit of currency so I have to go invest in other things in order to hold my purchasing power dude it's not our fault we're in this business we've been pushed and forced into this business I wish this was 1894 where I can go in with you we're homies I stop by your house on the bicycle you get your bicycle we're 27 we go to the factory we make $1,000 that year and in two years we buy a house and

you can actually save the money because they're Not printing it they forced us into speculation the entire Market has propped up by speculation because nobody wants to hold the shitcoin of the dollar you just hold the dollar temporarily as a unit base because you see it as one for one the big fallacy the big scam of the dollar is that $1 actually equals $1 of purchasing power when it doesn't from 1971 to today the dollars lost 99% of its purchasing power even though it's All still denominated at one unit it should be denominated at one

penny for the dollar that it was but they don't do that right because that's the scam so if you were holding $10,000 10 years ago and you wanted to spend it 10 years ago versus spending it today you would be able to buy less things why because they're stealing from you they're stealing your time your energy your attention through currency so your job is to find an alternative vehicle to Preserve your money to multiply your money to preserve it long term that's why Michael sailor is bullish on bitcoin and do you have that belief is

that your belief as well Bitcoin 100 well Bitcoin is one of these ecosystems it's it's not the end all Beall it just happens to be the monolithic father that has the brand the IP the reputation the network state to validate the decentralization the it's good trust Bitcoin works yeah everything Bitcoin works Is it going to be more in the future we have the ethereum ETF potentially future salana ETF and multiple other projects absolutely but once again we've been put into the situation by the money printers so when I tell people hey you know crypto is

another vertical for you to get out of the hamster wheel consider it I take it seriously so where do you see Bitcoin going over the next decade or even longer I mean it all millions of dollars because if if the US Government continues to print money that money is going to get siphoned and filtered into every asset class houses are going to increase in price salaries are naturally going to increase the price of Bitcoin is going to increase I when we talk about a trillion dollar market cap stock like what the [ __ ] is

a trillion dollars is it worth is meta worth a trillion dollars no but there just happens to be a trillion dollars of liquidity in the marketplace that props Up the value of that stock the second scam is understanding how these big corporations collude with banks in order to exit their positions so when you want to list a company public you'll go to a bank and say Hey you know I want to I have my equities I have my my stock I have what I own in the company I would like to turn it into a

commodity and sell it in the marketplace so you get together with a bank you go through the legal process And you list your company on a stock exchange not just the New York Stock Exchange can be London Hong Kong anywhere that is when you start selling to retail right so how do you drive up the price of your stock the same way you drive up the price of crypto news narrative now the beauty about crypto is that now more than ever anybody can interact with it you can buy if you're in Africa you can buy

if you're in Asia you can buy if you're in South America you don't need to credit card you don't need a debit card you don't even need a license dexes right become super useful but back to the stock market they run news we saw it CNBC Kramer to create what liquidity so that the people that own the stock are able to exit it the entire creation of the stock market was a way for people to not the peasants to get involved in the markets but for the rich people to sell Unnecessary and unwanted overvalued stock

to speculators nowadays people are realizing that the stock market is rigged we saw it with gme we saw it with AMC and they don't want to play that game anymore so they're naturally starting to go to other games that hold the actual same level of risk like crypto it's the same level of risk you just have to be investing into the right things I could take you to a section of the stock market which is called the Penny stock market yeah and they're 2530 million market cap companies less than a [ __ ] memec coin

so is that a [ __ ] you know little office in the middle of some strip mall that has one customer that pays them 20 mil a year and now your company's valued at 40 and it's some shell company and just pump and dump through that dude the the entire game is a scan once you realize it you don't want to play it you want to make your own I think that's why The Bitcoin ETFs have been like such a Monumental thing like especially long-term because a lot of these people that don't want to play

that game they now have like easy access and they can access it through the same vehicles that they're familiar with so I think people I think people tend to overestimate like progress in the short term but I think in the long term if you look over like a 5 10 20 year period like the impact of all these Pension funds you know 401K is Like all putting 1 2 5% allocations into Bitcoin through these ETFs which I think will become standard for most wealth managers is like Monumental we are the next generation of leaders we

are the future all these old head [ __ ] they're going to die do we want crypto to succeed 100% so you don't think the us is going to have a Bitcoin Reserve in the future you're stupid because if El Salvador does so us will and then other countries will Follow because everybody follows the biggest dog I wouldn't be surprised if Trump wins the election and announces the fact that they they buy a million Bitcoin to just chill and just hold on to that well I think they probably already been buying Bitcoin for a long

long time think about it why would the government tell the people that they've been accumulating Bitcoin all they're going to do is is impede their own ability to Accumulate Supply so it's actually in their interest Fidelity's been mining bit coin since 2015 there you go 2015 low key yeah the the this this space is maturing but it's still so early dude because what we need to understand is that it's a new industry that's being created the year's 1848 in the Eastern colonies of the United States they hear rumors that in the west there was people

and peasants finding Gold in this place called the American River after the president confirms hey you know what there's actually gold here there's real opportunity 300,000 migrants moved from east to west on the pursuit of finding gold it wasn't just miners that moved doctors lawyers all people identified opportunity today the biggest digital Gold Rush or the money that we're experiencing happens to be in the Internet space I don't have to deal with dangerous animals treasurous Terrains thieves I just have to log into my computer and I have access to the the latest and greatest Gold

Rush maybe even the greatest gold rush in human history where it doesn't care about your religion your background your race your color nothing do you provide value to the marketplace you'll get compensated you know how many people were left out of the California Gold Rush because of their age gender color religion tons no resources today what resources do you Need to get involved in the markets a phone access to the internet everyone watching this right now has a has a phone or a laptop that they're watching on so you're either going to consume or you're

going to produce it's very simple the asymmetrical bet online is insane but the asymmetrical bet on in crypto on top of the internet is even higher you can go in right now as somebody that has no job become a valuable Community member In 10 different communities and within three to four months I guarantee you half of them are going to be offering you moderator jobs and you and you'll have a full-time income people don't realize that like it's crazy like um like I've been working obviously in in the content space and also on the agency

side like you know helping advise projects and stuff and like it's so hard to find good staff members good researchers for Content good moderators for projects I've got my like business partner sitting over there like it's really difficult so like like a message to everyone watching this like if you're serious and you like really lock in and you grind not even for like 2 years it's 6 months like if if you need a finance degree it's it's four years it's 10 years of working you're going to climb the corporate ladder like literally in this space

6 months of like 10 hours a Day hard work you can be in a position where okay maybe you're not making six figures a month but you'll be making you'll be making a full income yeah full income 100% And and you have location Freedom time Freedom which is like all really like what are you making money for if and if your fixed expenditures are low like we talked about before now you have time Freedom yeah exactly now you now you're set and now you create the mental real estate in order to Identify more opportunities this

is readily available for every I've been talking about this for a while most people are just lazy most people don't think that it's real life is so paradoxical brother all we had to do was work hard and press a [ __ ] green button to get rich that's it people over complicated it that's it all you had to do was make money over the last 10 years and put it in Bitcoin oh yeah it sounds Easy in retrospect okay yeah because it was and in 10 years it'll sound easy that's all you had to do

[ __ ] but no over complicated [ __ ] this this [ __ ] business plan da da da expenses make money Buy Low sell High I think the issue is the Bitcoin baby [ __ ] love it it's so so good I think a lot of people though they're like conditioned and this is the school system right I went to a a school that was also relatively I guess conservative Good school but conservative and I found like a lot of my my friends like that I've you know been to school with they find it

really difficult to like make the leap and or or try is something and take a risk cuz you're conditioned to like no you need you need to go to university you need a a corporate job because how else are you going to afford a mortgage and you need stability to pay off a 30-year loan and I feel like it's obviously top down that narrative's been Driven obviously because it benefits the banks and and gives them more liquidity to offer loans for credit and it it keeps the credit cycle going so it's actually in the best

interest of these organizations to have this system but I think people need to take responsibility and just accept like that is the system like a lot of you and even myself were born into I think I got relatively lucky that you know I found crypto probably similar to you like in the beginning I I Had you know curiosity of mind and then I got a bit lucky and then but no do you know how many people heard about Bitcoin in 2013 and never did anything with the information it's not about just having the information about

acting upon the information because it's about materialize you can have dreams and Ambitions if you don't materialize them through hard work and effort it's not going to happen you want to become a millionaire cool it's not just going to Happen you have to materialize that dream into reality through action action is what brings things from mind to the three-dimensional world it's what m is what makes it real right so when people talk about this idea of you know that we are the essence of God right God created the universe well we have the ability to

create things through thoughts materializing it through action so you want to be become rich you want to make money you want to become Su successful You want to develop a good physique you want to develop a good Network okay per perfect you're going to have to expend the necessary energy in order to acquire that there is no give and take there is no aspect of you know freefor all there's a price for everything a price must be paid for everything that's just natural law you want a tree perfect you're going to have to plant the

seed even what we do like it's hard it's it's not easy it's not Easy but once again we're talking about the asymmetrical bets and the asymmetrical upside so if I'm to work five years perfect do I want to work five years for a $50 million payout or do I want to work five years for a $50,000 a year payment well the choice is mine so I need to find the industry the business the vehicle The Narrative that'll Propel me to my goal quicker when the internet rolled around in the early 2000s people were still using

fax Machines they were still using different uh you know the what is it little three button [ __ ] with the phones and the Palm tap thing all these businesses become obsolete irrelevant what hasn't become irrelevant is the narrative so your job isn't to find a business model that is a flash in the pot is to follow a narrative what's the narrative the internet the internet was the narrative you could have just stuck around at the Forefront in the cusp of Internet Innovation you got even people that just bought domains and sett them for 10

years like any single word domain is now six figures Buy Low sell High baby it's the name of the game supply and demand the reason bitcoin's going up is because more people want it than people want to sell it that's that's that's it that's the essence of everything Buy Low sell High you want to do Drop Shipping cool you're going to buy low a product and you're going to sell it high you have an Agency service and you have employees you're going to buy low your employees time and you're going to sell it high you

want to get into the memec coin space you want to buy low and you want to sell high it's all the entire world is a meme coin my brother it's all a meme coin just people add all these additional fancy things attached to it that aren't necessarily needed now my opinion is this is the dual-sided kind of Perspective because we're talking about the positive things about it let's talk about the negative things about it so we're talking about like hey you know crypto's great but why do most people lose if it's so good why is

it that most people lose well in fact it's not that most people lose there's always the same percentage of winners and losers 50% of people make money on the trade and 50% of people lose money to me 50/50 is still a better Variable odd than business business is maybe what 20% success holding on to your job I think less than 10 % of small businesses succeed over 5050 Partnerships within 5 years fully dissolved about 80% of them why well because you're betting on that thing most people are making bets business model you Endeavor on that's

a bet you're betting your entire existence that that's the business model you're going to work on going to University and And putting four to six years in is a bet but it's actually a Time trade because and this is you're exchanging time opportunity energy attention for the potential of a of a positive future when you haven't even positioned yourself for that positive future you've been sold that the paper's going to give you a positive future and today more than never nobody gives a [ __ ] about the paper they care about what the experience and

the expertise so I agree With you my advice and this goes back to the point that I was talking about when I was talking about my upbringing my advice that I give my friends now cuz they're they're young what you have to realize is like I'm 23 how old are you 29 29 so still young being young you have the benefit of time like and time's the most valuable resource so I say to them like just give it six months like just pause your job get enough save up for six months get enough money together

To sustain yourself for six months even to a year and just just try something just grind something put your time into it obviously you know for me that's crypto for someone else it might be something else online running social media accounts Drop Shipping utilizing AI just try it worst case like it doesn't work often times you'll find it does work and you'll keep going worst case it doesn't work you've always got the safety note of if you've been to University or degree you can always going and get another 9 to5 none of these things are

safety right these are these are things we tell people to be politically correct but we know it's not yeah there is no safety in a job there is no safety in a degree the only security is found within yourself your skills your network your resources your abilities your mindset your intelligence the things that you can actually control what's on the Outside if you're find if you I could fire I could fire all my employees for any of a hundred reasons tomorrow for them to feel like they have job security I dude I could I could

lose everything tomorrow my business could not work get no new customers my employees are relying on me right for a paycheck their confidence which is totally fine is established within the paycheck but not every boss has tens of Millions of dollars not every company is sitting on tens of millions of dollars that can actually fund employees for an extended period of time a lot of business struggle most businesses are running on 6% margins so job security is an illusion people tell go get a job go get your 401k go get your life insurance play it

safe dude life isn't safe the highest Risk Takers are the people that win and here's the thing I prefer going out with nothing having gone all in and Tried because I end up with nothing either way I die naked alone yeah everyone does everybody so that's why I don't take take it so seriously everybody's out here taking it seriously like they're going to take it with them like like they're going to be remembered in a 100 years they're not you and I are having a conversation here people just happen to have the value of benefiting

from it but I don't give a [ __ ] like I'm talking to you we're having a candid Conversation that in 100 Years it'll just be our interaction we just had it ourselves and whatever 100,000 plus 200,000 300,000 people watched it but none of it matters so when you take the perspective none of it matters We're Here Today Gone Tomorrow there's no such thing as Security in a job or in another individual needs to be found within yourself highest Risk Takers are the ones that actually win Elon Musk took $150 million that he made from

PayPal he Could have been retired living on 10% off that [ __ ] every single year in some Caribbean island and he said [ __ ] it putting all the money into Tesla SpaceX and I'm going all in and he had to ask for money in order to do what rent a room risk no risk no reward you want to risk okay that's where the game is played Bitcoin was risky years ago okay now they capitalized on it so it's taking intelligence because we're talking about you need to be your most Valuable asset you need

to find your comfort and your security in yourself and now you place bets asymmetrical High leverage few sizable bets you don't need a ton of bets in life you need a few really good decisions that'll take you to the top and building up skills like your number one resource is time but then your second resource and you can acquire this via spending time is is skills yes and I mean for you it's obviously been becoming like an expert In in crypto social media um investing but you know someone else might be something different but it's

all about like can you acquire a skill that has demand in a Marketplace and can that demand outsize like the the amount of time that you're spending well I like that you're saying these things that you know I I call it the trifecta of a a money guarantee your ability to make money in perpetuity regardless of the market regardless of the niche Regardless of the time there's three things that you need to absolutely master in order to guarantee your ability to make money in perpetuity one is you need to be the best at what you

do right so people will pay you top dollar if you're the best you don't want to be hired because you're the cheapest you want to be hired because you're the best two is you need to be in high demand right so you need to be in a business model in a niche in a momentum In a trend in a narrative that has high demand if you have a great product nobody wants it you're not going to make money if you're the best but nobody knows you exist you're not going to make money so you need

be in high demand you need to be the best at what you do and third which is the difficult one now it's going to be harder than ever so you need to become Irreplaceable now ai can replace you right uh jobs are becoming a lot cheaper Online jobs are becoming more affordable so the question is what's your moat for those people that don't know what a moat is picture the castles back in the day right that would be uh placed and around it would be a moat it would be like that River or that rivered

or or the or the or the hole in the ground and it was kind of like your safety between the enemy and yourself it was the Gap was a difference the difference point so what is right your moot when it comes to Becoming Irreplaceable if you're a copywriter if you're an analyst if you're somebody that does social media do you have the ability to be replaced in the future because that obviously affects your security if the answer is yes then you need to find Irreplaceable skills we'll talk about Irreplaceable skills on a different podcast but

these are the three right become the best of what you do be in high demand and become Irreplaceable if you can find that Trifecta and I just happened to find it in crypto and digital marketing and social media so I stuck to it uh you'll make money in speaking of AI is that something like you're Now using in your business to become a like a benefit instead of a detriment yes and no you know we've been using AI a lot for backend stuff when it comes to admin when it comes to editing when it comes

to labor intensive stuff but AI is going to evolve so much in the Next 3 to five years that the tech and tools that we're using will become obsolete in like 3 years chat GPT or open AI just rolled out search GPT yeah so now now you have ai running search engine which is [ __ ] crazy so Google might become obsolete in its current format which is crazy to think about we would never expect that but now I find myself if I have a question no longer going to Google I've got a tip actually

for for the average Person I have a iPhone 15 you've got a little power button like a action button I've set it to to an AI model cuz just like you say like I want to easily be able to like answer questions and get definitions and sometimes they're wrong and take it with a grain of salt but literally all I have to do is click this on my phone and it's a shortcut straight to like CH gbt and I use it for I use it for things like Twitter like I'll literally be um thinking of

I'll be Writing a tweet and then I'll think okay what's a better word for this like do I just want a better Sy give me four synonyms for the word give me four synonyms or can you just like fix the can you check the grammar on this so like I feel like people can I mean anyone with one of the newer phones can do this and you literally have about in your poet once again bro it it all comes down to path of lease resistance why are you doing that it's not because Google Doesn't have

the information because these [ __ ] are pulling the info from Google or they're pulling it from search engines it's because it's the path of loose resistance so once again the money that you go into the business you Endeavor in the the niche that you pick is it the path of least resistance to the top of the mountain or to the the accomplishment of your goal if your goal is to become a multi-millionaire you're Not going to do it by working a 9 to5 hourly job the expectation the goal versus the actual input doesn't work

yeah so the reason people were using Google in the past is because it was the path of least resistance but then like every technology it becomes corrupted because you have greed so the first two pages of Google first three pages it's all SEO [ __ ] ads paid placements paid articles so you can't even trust the the first two pages Necessarily that you're going to get accurate information because you're probably being pitched so people are realizing that now and they're like why why am I going to [ __ ] spend eight minutes searching for something

when I can literally just ask my AI tool what piece of information I need answers to pathas resistance and that's why the business works yeah 100% I want to Circle back into the um crypto conversation now because we spoke about Memec coins earlier obviously that's a vertical that you're super bullish on so I invest in three things one I invest in trends two I invest in narratives and three I invest in teams that's it so what's The Narrative of the bull run I want to invest into that narrative what's the trend Trends is micro pumps

or micro Cycles inside of the narrative so for example uh biggest Bull Run Cycle in history because institutions are in okay That's the narrative what's the trend inside of that we had an AI Trend when Nvidia rolled around that lasted maybe four months is it going to come back I don't know but I rode that trend meme coins okay is it a longer trend is it potentially a narrative I don't know but it's there it exists so making money off of momentum so narratives Trends teams teams you have to invest into winning Teams the reason

I bought 1% of pancake swap Supply last Bull Run was because I realized that CZ was inconspicuously involved in 2017 when I bought BMB at $2 I bought it because I went on the exchange I went on binance I I was like okay I'm going to bet on this guy who did I bet on I bet on CZ I didn't bet on BMB I didn't bet on the binance smart chain I didn't bet on pancake swap the token and that being the number one decks on the BSC chain no no no none of That I

bet on the team and the team is what carried if you bet on Elon not on Tesla that's how you're going to make money you're betting on the winning person on the player so there's different teams there different people worth investing it so when Luca came to me Luka Nets from pudgey penguins and he's like hey Luke I I there's the opportunity for us to buy out pudgy penguins you want in I'm like 100% was it just the IP that I was Looking at no I was looking at him I invested in him he's the

winning horse Trends narratives and teams it's the name of the game so that's how I think about it I don't look at Bitcoin I don't look at ethereum individually I don't look at meme coins I take a bigger perspective view of the market because these are the things that have worked for me so what are the narratives that I see institutionalization of the major projects so I talked about last year Ethereum ETF becoming approved people said I was crazy I was three four years out they don't understand the growth of exponential curves they don't understand

the law of compounding effect so clearly the time between Bitcoin ETF approval and ethereum ETF approval is going to be shortened because there was proof of concept next narrative the global dominance of Bitcoin and Bitcoin now being used as a reserve fund across government institutions and across Corporations it's going to become a thing it might take a little bit people might do it like you said under the table try to sneak in as much Supply as they possibly can but all we need is one gas Trump actually wants to buy back all the Min dud

all we need is one gasket to blow for the entire [ __ ] thing to rip for China to un it's a one signature one signature no in China's China's back in business you think they're going to lose out you think they're not going to fight 100% they will that's asymmetrical upside for you there you go pretty much unlimited upside on an event like that but side is you and because because they're realizing hey we don't have to we don't have to Value Bitcoin as our currency we just have to use it as a reserve

to prop up our currency so now the perspective is different now it's a we're buying Bitcoin as a potential of if this thing works we're [ __ ] so might as well have it just in case a Hedge winning teams a couple winning teams 2020 if I'm not mistaken 2021 pav durov CEO of telegram who still owns 100% of telegram he's the product manager of telegram he decides to launch ton at that time is called the telegram open network but they had a lawsuit with the SEC because they raised billions of dollars they weren't allowed

to blah blah blah so they issue a refund then they do a public um event where you can mine the tokens you're good to go Fair Launch last year I'm like what is this con thing you know I start exploring it what is this thing that that I see on this platform I download it on I download a wallet on my telegram I start utilizing I'm like oh [ __ ] like this is the future why well because the guy that owns the platform of communication the distribution the 950 million users he's the same guy

that is now allowed a payment infrastructure and a blockchain To be built on top of what he already owns so if this guy is for the last decade has been the product manager of his own company there's only 30 people working on telegram it's an ultr profitable company they're censorship free resistant which is what you need in order to transact you need freedom of communication and freedom of transaction in order to be truly free back record of winning yes okay let me bet on them yeah very simple so at A3 billion market cap I start

Shilling the [ __ ] out of Tom yeah why because it's obvious what's it hitting at now like $25 billion market cap what do you see the upside on ton you it's a it's a $25 coin I I think it hits hundred billion dollar market dude it's the only bare Market proof crypto in the world the way I view ton is it's like as you said it's it's one of the only chains where it's probably got like real like actually the ability to convert real users if you look at all These other real users has

real users already so Market proof users yeah because now they rolled out a crazy feature in on ton so telegram the the fusion of both I can now send money via usdt to your telegram username so cool I tried it out the other day I can literally just ping you it's sick it's sick pretty a million dollars if I want to like right now it's crazy it's insane instantly and now with usdt and usdc the companies obviously tether and Circle they're rolling out different uh different pairs so now they're rolling out the Euro and what

Ton's doing is now not only remittances for free so I can send you a million dollars for free to your telegram username they're doing Forex swaps for free so now I can swap from usdt to Euro and offramp for nothing off of a [ __ ] communication application dude crazy it's the path of Le it's like weed shot in China it's a super app it's A decentralized super app it's the ambition of a decentralized super app once again winning teams so you look at winning teams you look at the trends the narratives people are on

mobile people utilize their phone people don't want to download 90 applications most people are not hopping on their I don't dude it's so annoying to hop on your laptop open up your Chrome extension connect your wallet we do it because we have to for security purposes 99% of people they Don't want to do that [ __ ] they want easy access safe blockchain protection communication transaction that's it you know what's funny though even the junky metamask LED just set up I find is still easier than like issuing a a bank payment like it's a lot

easier bro you get you the conversion fees from currency to currency it takes 4 days you you put in like something slightly wrong it like it bounces back I mean obviously same thing could happened with a address But you're probably copying and pasting to minimize but even small things like you know I went I I walked into the Rolex shop the other day it's saw a nice piece I'm like okay I'm going to buy it okay sounds good let me put in a deposit put in a deposit and I'm like oh I'll come pick it

back tomorrow okay sounds good on my way the next day to pick up the watch I have to call the bank not because I don't have enough money but because I Have to get permission for them to enable a $50,000 spend that's [ __ ] what happens if they say no oh they'll never say no well that's your misunderstanding of financial institutions that's your misunderstanding of how Banks work because when you put your money to the bank you're betting on the bank you're betting on the bank not defaulting you're betting on the bank giving you

the money back you're betting on the Bank being solvent all the things that we know Banks don't do because the banks are not in the business of deposits when you deposit money into the bank you're not your money isn't safe it's an illusion you're lending your money to the bank that's why you get an APR as soon as you get that 0.1% return pretty low one as soon as you get that 0.1% return or if you get a money market account maybe 5% return the money that you've deposited Becomes a liability so what you see

displayed on your application bank account is merely a receipt of what the Bank owes you so when you swipe your card it's not that you're spending your own money it's that you're pre- authorizing the expenditure that the bank is covering and then with what they owe you they'll cover the balance so if the bank is not in the business of deposits what's the business of the bank well the business is in the bank a Fractional Reserve banking that's what we hear well Banks don't fractionalize reserves that's not what the bank does okay so if the

bank is not in the business of deposits or fractionalizing uh reserves what is it in the business of it's in the business of credit creation that's the name of the game most of the money that's created in the space in the markets is credit creation banks are in the business of Buying and selling equities so they make a margin they make a fee their job is to be the middleman their job is to create credit 90% of the things that we see around us have been propped up by credit the issue isn't credit credit is

a bad thing it's when you create credit that has no GDP or no real growth value attached to it so if I get a credit know for $10,000 Louis Vuitton bag and I spend that there is no real GDP there is no real stimulus or Growth it's just an expenditure that credit creation is what is causing Bank Banks and the Trust In Banks to erode because people are realizing hey we've been told that Banks keep our money safe but that there's Bank runs like Silicon Valley Bank which is a huge Bank yeah so so clearly

we can't trust them they're not in the business of fractionalizing reserves like we've been told they're in the business of create credit creation so once again if I leave my money in the Bank am I betting on their team am I betting on their narrative do I think banks are winning narrative or a losing narrative losing 100% losing narrative do I like their team no I [ __ ] hate their team so why would I keep my money with them why would I invest with them and why would I believe in the fact that they're

the future of the narrative they're not so I don't bet with them I don't put my money with them I so where do you put Your money I can't I can't say that on podcast we'll talk about it after the podcast but I don't keep it in you can give like a like crypto real estate obviously General stuff but uh it's not though I don't keep it in cryp I don't I don't I don't keep it in the banks you know I don't keep it in the banks you can't trust the banks because Banks once

again they're a business they're not this this financial Hub of keeping your funds safe for most of History Banks you Probably still need you know some money in the bank just for liquidity but savings right yeah but that but once again that's insignificant people that have 90% of their money in cash and think that they're safe that they have savings they don't realize that that's not how money works yeah it's not what money does money is not there to be saved nowadays it it was a 100 years ago you could save money if you were

in Rome before they started peeling the edges of The gold coins just to devalue it so that they could make some new coins if you were in Rome before that time before the devaluing of the currency you could just save yeah after the devaluing of currency you can't save so we are in a situation where we can't save money now we think about it in durhams USD British pounds like the top currencies we need to think about the guy that's holding [ __ ] Zimbabwe dollars or the L or the [ __ ] who knows

what Turkish I think it's Turkish L they're all shitcoins Aran pezos Argentinian P all of it garbage going to zero if I was saving in any of those other currencies if I was saving in the Japanese Yen I'd be [Music] broke so what do we do what do you do you need to find a better vehicle to preserve your money and to preserve your purchasing power into the future so I think I obviously if you've already made Money that's hot assets like Bitcoin real estate gold but I believe no no no no it starts at

the basics even if you're making a ,000 a month if you remember we're talking about the saving Gap if you have a gap of 50 bucks okay that 50 bucks in five years is not going to give you the same purchasing power 50 it goes down to the dollar unit it's not just about insane amount of money because once again imagine being like hey you know what I'm going to go into The gold mines I'm going to collect a ton of gold but I have no plan on where to deposit or what to do with

it stupid yeah you have to start with the end in mind the end in mind is okay okay wealth preservation Freedom long-term longevity you want to know what your purchasing power is going to be worth in 50 years okay well where do you hold your money it needs to be a scarce asset that's highly valued that's fungible excuse me that's non-fungible and that gives you The ability to transact and remit without a middleman and today it just happens to be Bitcoin my best advice I mean and I want to know if you agree with this

um is if you have I don't know the exact amount because it depends on the country you know in India it might be 10 ,000 in a US it might be 50,000 but if you have less than a certain amount I actually believe it's better to just pour that money instead of worrying about where to invest put that money Into resources to help you like a acquire skills and B like scale businesses so I found like when I you know when I had my first maybe $3 $40,000 like the best use of my time at

that point was to go and hire re researchers crypto researchers to help me acquire that's where you put your money in that's an investment I I believe that's the best invest for under a certain amount well you need to level up the video game character yeah you Know you know when you were playing the RPG or the MMO RPGs back in the day where you would be like that level one peasant with the wooden sword and you would go to the orc and the orc would just [ __ ] you up but then you fought

the orc enough times you got XP points and then you got to the point where you were level 99 and one sword swipe and you'd [ __ ] up the orc and then you could fight different beasts and they were in proportion to your skill level it's the Same thing with life right you face demons you face challenges you face problems you face enemies difficulties and they're only challenging in direct proportion to your skill set that's why the problems that we used to have are that's light work oh you can make more money again because

we've unlocked that level of the character where those problems are no longer problems there just annoyances and inconveniences so if you level up the video game character Which is the name of the game these problems are no longer problems you crush them by becoming better so I agree fully you have to initially invest in the video game character and then once you have enough you start building up the the little gold Co coins in the top rate of the and then you're just siphoning you know you just siphon it yeah start start leveling up the

the character the experience points the attributes the the [ __ ] treasury The Outfits everything just start leveling everything this actually the problem I think with a lot of people that do invest in crypto they they focus on investing as the end goal it's like you know where should I put my thousand whereas I think it's equally if not more important to have like a major focus on building up your income stream so you can funnel money in like you discussed earlier how like you had a successful e-commerce business that allowed you to Take big

bets on pank obviously no one can afford 1% of well the average person can't afford 1% of pancake swap you had the income to facilitate that yes so that's also very important I feel like people they try and you need you need income producing skills yeah income producing skills which once goes back to the trifecta right if you get the trifecta figured out of being the best at what you do being in high demand and being IR replaceable think about Marketing think about sales you can apply these three principles and anything let's say let's go

to sales if you're the best sales rep AK you close leads you'll be in high demand if you select the winning offer which means you'll have enough leads to make money and you'll be Irreplaceable if your conversion rate is good enough you'll make money you will make money being the best is fully in your control being in high demand is fully in your control Because you select the niche that you want to be in and then being Irreplaceable is fully in in retrospect based off of what your results being the best is going to yield

positive results positive results is going to make you irre sales are so good man I think it's especially with AI like sales going away and it's just like it's not just sales I just was using it as an example because we were talking about income producing skills you take these income producing Skills you invest into them you be you hit the trifecta and then you find that you have more money to invest than you are spending and this expendable money now operates differently because you don't want to be investing out of a place of scarcity

and poverty because you're going to invest differently right you're going to invest because you need to make something when you're investing out of abundance and because you have enough well that's fine I'll just put This here I'll park it not think about it not worry about it if you're checking your p&l every 20 minutes and I get it bull runs different Vibes it changes the game of it but if you're checking your your p&l every 20 minutes and you think that that's productivity it's just it's far from it you need income producing skills you need

to build that moat invest once you create wealth you need a multiple it and then once you multiply it you preserve it and preserving it's About preserving the purchasing power long term of the asset and the asset is once again your time because if today you gave me 10 hours of your time and I gave you $1,000 in return in 20 years I would probably have to pay you double because of the def the amount of deflation the excuse me the amount of inflation and the amount of debasement that's taking place for those same amount

of hours so you're hour is what's becoming devalued it's not the Money because you have to work twice as hard that's why most people we're talking about the hamster wheel it's hard it's hard why is it hard people don't ask why is my life hard why is it hard well for a couple reasons we talked about the moat you live off of your fixed expenditure you can't move off of it two is the feeling we talked about the conditioning of unproductivity the moment you stop doing what you're currently doing the 9 To5 you feel unproductive

that's going to iing sometimes not moving is the best move yeah that's that's been in my life so quitting my job and waiting three months till a gig an opportunity showed up was because I created that moat of six months for me to be able to actually look for opportun it's the same with investing like people try and overtrade sometimes like you you just said you took a break I just went to Europe Because the market was slow there wasn't as much opportunity obviously there's some Merit to grinding nonstop once again it really has to

like I said it has to do with the narrative it has to do with the trends it has to do with where you select to focus your time energy and attention life is simple so whether you pick crypto whether you pick digital marketing whether you pick e-commerce whether you pick [ __ ] Landscaping whether you pick Plumbing it Doesn't matter all it comes down to is I need to expend x amount of units every single day of time and energy how much do I want in return for that and do I want the path of

leas resistance or do I want the complicated path it's all your choice but when [ __ ] out there are printing money out of thin air printing print printing money out of thin air why the [ __ ] would I work for It yeah being a slave to a why would I work for it I understand working to a certain point in order to establish Financial Freedom but once I have freedom why the [ __ ] am I working for money I'm no longer working for money I work for other things I work for relationships

I work for influence I work for connections I work for my network and maybe because I'm bored but no longer for money so the point is you Need to change the mindset and every person even multi-millionaires they're in hamster wheels false productivity false productivity false productivity false because it's not the highest upside highest leverage opportunity I'm the same I I often get bugged down with like admin stuff I mean look at it look at just you need to look at nature look at how nature Works does the lion go out and Hunt every single day

or does it eat and then It rests it eats and then it rests this idea of hunting every single day the moment it's not it's not right it's not proper the conditioning is off the slave masters they realized back in the day you had to crack the whip over the back of the slave because they were like hey you know we'll just force people into slavery so we'll go we'll pillage a village take all the women make them our Wives take the kids put them in the army take take the husbands if they're dissidents the

men will kill them if they're good we'll make them slaves well now that you have a slave culture all you know is slavery so what if we all know a system that is just based on slavery we don't know Freedom we don't know anything else when you begin to study history you begin to realize during the feudal age when the peasants kind of worked on the land of the feudal Kings the feudal Lords they only worked 140 days out of the year the other 200 days they chilled they didn't work they went to the creek

they went to the river they [ __ ] around half of the year they couldn't you know work on the land because it was snowing X Y and Z so today we work more than the peasants most people work more than the peasants used to and have less to show for they have no land they have No house they have nothing it's the illusion of slavery it's the illusion of Freedom back in the day you at least knew you were a slave you knew it you had to buy your freedom today you don't know you're

a slave instead of cracking a whip they've just printed money out of the A and told you it's valuable and this is what you're supposed to work your entire life for I don't work for money [ __ ] that I work for relationships I work for Network I work for personal development I work to provide services and goods and values to the marketplace and if money comes as a return as a byproduct so be it but to be working for money is to be working for what somebody else owns because you don't own that money

and most people have I asked them Define money they wouldn't be able to so most people are working for something that they don't even know what it is how do you define money well money is Technological advancement of medium of Exchange in store of value back in the day the first interactions of money was bartering you would have cows I would have pigeons but it was an unscalable model right because I would have to find somebody actually wanted pigeons in order to buy my goods we introduced the next technological advancement of Commerce which was coinage

it was the first time in history where people could actually save something that wouldn't Die or wouldn't rot and I could exchange it for you fair value and you would accept it so there was a medium of exchange we agreed upon something we agreed upon a store of value and it was easy to handle that's money then we realized hey you know what we're going to have to mine more more gold in order to grow Societies or M more precious silver or or we're going to have to go pillage another Empire and take all of

their Gold but now this we have a lot of gold we have big gold reserves of big treasuries so we can't be moving all this at all times it's a big liability introducing the next facet of technological advancement of how people transact and how people save money paper money so in the California Gold Rush 1848 rolls around two dudes walk in you know to California one with the last name Wells one with the last name Fargo they say hey you know what we'll we'll Hold on to your gold deposits you know and we'll give you

paper receipts in return Wells Fargo $10 trillion do assets under management 150 years later then 1971 rolls around and they say Hey you know these this paper units that used to denominate the amount of gold storage that you have [ __ ] that print as much money as you want next advancement of technological Revolution credit creation Fiat was it positive was it negative well debatable Depends on who you are if you're the printer you're chilling if you're being printed on you're F it's been the most profitable period in history for like Banks investment funds absolutely

in businesses countries all is positives and negatives but the the the the Gap is insane the next technological advancement of money Bitcoin going back to peer-to-peer transactions remember bit you when Bitcoin might be scopt and co-opted because Bitcoins What's the title of Satoshi nakamoto's white paper peer-to-peer electronic transactions not store value Bitcoin wasn't created to be a store of value it's created to be a medium of exchange today Bitcoin doesn't doesn't serve its Primal function which is to be a medium of exchange but it was created that way it was created to be a replacement

for transacting with banks there's next advancement of te technological Revolution it's the Digital version of coinage all the best properties of digital coinage in of physical gold and coinage in a digital format I think since it was created the the situation regarding Fiat has significantly worsened like in the last three years we've we've seen the money supply double because because it's a debt spiral it's like a death it's a death Loop there's no going back you can't there's no you can't there's no going back it's dead the US is dead you Can't save it how

do you save it how do you save 30 what is what the [ __ ] is $40 trillion in debt explain that to me I taxes but once again taxes are an illusion that you're funding the government when the government prints money to fund itself taxes taxes are I mean this is another discussion but taxes are crazy you get tax on your income then invest your money right so you invest in stocks real estate then you get taxed depending On what tax rate you're on on those on the profits of those Investments and then when

you die they tax you again on the inheritance so they tax you three let add to that let's add to that make a thousand bucks okay perfect first the guy that sold me the good gets taxed GST then the guy that sold me the good gets a payment processing fee the Payment Processing Company now has to pay taxes on that the guy that sold me the goods has to pay taxes on that the guy that he Bought the goods from in order to sell them to me at a premium has to pay taxes on that

the inventory I have to pay taxes on the money that I make I invest the money make capital gains okay perfect I have to pay tax I take those cap gains I buy a house I have to pay taxes on the house now I have the house perfect I have to pay taxes on the property 1% a year anything you get fixed kitchen renovation all of that is tax property tax you Don't I don't think you have it here in Dubai but the rest of the world if I go to New Jersey in the United

States right now and I buy a million dollar house there's a 1.5% a year tax I'm from Australia we have 5% you don't own [ __ ] you stop paying for that property tax the government takes your [ __ ] house and you pay 5% at any time you you transact if youy I go to the gas station with the little bit of money that I have left after paying capital gains tax an Income tax and I swipe my card he's getting taxed off of my money crazy the the the [ __ ] once again

where's the [ __ ] where's the issue is the issue is we've allowed there to be a middleman between our ability to transact that's it so they've abused their middleman Power by creating a box and putting us all into it and saying any alternative system is a scam any alternative idea is fraudulent why why because it jeopardizes their Operation we're talking about trillions of [ __ ] dollars we're talking about banking dynasties families have been around for hundreds of years that are at risk so what are they going to what do you expect Jamie Diamond

from Chase to be supporting [ __ ] Bitcoin why the [ __ ] would you it's it's not his business he doesn't make money from that [ __ ] he doesn't care so we've entered a situation right now where we have the soundest form of Money so what is money medium Exchange store of value and and of itself today what's the best store of value and what's the best medium of exchange need something uncensorable and something that is finite Supply limited Supply that has more demand for it than available units Bitcoin just the natural solution

if this changes in the future it's totally fine I don't mind but we've progressed throughout History all the way back and looped it to bartering but we have a digital version of baring now that says we don't need coinage that's centralized or issued by a king or that is validated by a king because remember money needed to be authorized and validated in order for people to consider it valuable the dollar is backed by what why do people have strength in like why do people believe in the dollar well because it's backed by the United States

government It's backed by the military so who's going to [ __ ] with that very few people so once again that's what you're game ging you're betting on but they can turn on the printers at any moment with Bitcoin I see the network State growing can anybody make more Bitcoins no okay do more people want Bitcoins yes is a network State growing if people that [ __ ] hate the government yes okay well what's the natural solution how many billionaires on bitcoin a lot of Them okay well maybe maybe they're all into something together maybe

the conversation that they're having at Silicon Valley regarding the future of AI regarding the future of censorship re regarding biometrics scanning of your face in order to access the internet in order to [ __ ] send a payment on WeChat we pay what happens if you become a political decient what happens if the government doesn't [ __ ] with you anymore how do you buy things how do you sell Things you need something that's outside of them and that's what Bitcoin is goes back to the baring system where I own my assets and I can

transact and do with them as I please that's the Natural Evolution of money brother this year I think has been the biggest shift in crypto I I did a video on this on my channel um which is podcast probably on about how this year has been like the biggest Paradigm Shift I've seen in in my six years in crypto and it goes on to What you were saying of like the owners of these Banks they haven't historically been proponents of Bitcoin or crypto but we've seen the narrative shift we've seen um you know Goldman Sachs

JP Morgan Fidelity all these funds like really start to shift their opinion so I think now we're at like a massive inflection point for the market like the etf's really just the beginning like this the shift is here like it's really happening it happened it it happened yeah it's Obvious it's so obvious bro they're printing money out of thin air these [ __ ] banks these hedge funds when they're getting money for free 0% APR they're trying to figure out where the [ __ ] do I put this money where do I put it they're

gambling they're speculating we've fallen into the illusion that some white collared blue tie [ __ ] that has a Harvard degree knows more about finances than we do no We'll create our own Financial ecosystem we'll create our own Industries so they're realizing oh [ __ ] these kids are actually out here creating their own Industries they're smarter than us they're building dex's defi they're cutting us completely out we got to get in the game and then they're like okay well we make money off of fees Black Rock Vanguard we make money off of fees well

let's start bringing in some ETFs let Start bundling some assets well black Rock's like okay well if I own 1% of Bitcoin Supply and I charge half a percent fee on that who gives a [ __ ] what bitcoin's worth I just make free money yeah they're in the business of making money so they're finding Trends narratives and teams same [ __ ] Trends narratives and teams to invest in the risk a few years ago was that Bitcoin was going to be basically like outlawed or there was all that thing about China Bing Bitcoin us

but like what's happened this year is it's it's being legitimized and once you can't really put you know the back was inevitable all we saw on the news was the same dudes that run press articles to pump their stock so that they can dump on people it's the same people run you don't think you know when when when Mark Zuckerberg I I invested 10% of my net worth last year in meta there was all these negative press releases coming Out that you know meta had fumbled their metaverse and they had fumbled their their ability to

be a social media platform and got tanked and part of me was like why is there no positive press going out simultaneously to fight this like if I'm a business owner and somebody says some whack stuff about my business I'll come back and like smash it directly but it was ghost from Zach it was ghost from meta like this is weird The stock is tanking and then I forget what was the announcement I think it was right before Q4 of of of last year they announced some really good profits that were coming into Q4 and

I said you know what I think right now is going to be The Narrative of positive news that's going to be coming for meta because once again there's people writing the news with intentions so anybody that's a CEO in the stock market realizes that one of Your jobs is to move the chart your job is to control the chart your job is to be involved with how the chart moves because you have investors that you are responsible for you have a board that you're accountable to you're a publicly listed company in comes meta talking about

[ __ ] AI talking about these multi-billion dollar deals with Nvidia and it goes from 70% draw down to alltime Highs all engineered with positive press and all engineered to the downside with negative press I made a tweet and I said all the negative press that you see around meta is institutions trying to buy up your bags and now that things are High they'll start rolling out positive press when they once they want to get out to create liquidity it's all narrative so when we see Bitcoin narrative [ __ ] Bitcoin Bitcoin is a scam

bitcoin's Going to zero well who's writing it who's behind it and what's their intention what's the intention of this article what's what what are they trying to accomplish probably taking my bags so I don't read any of that [ __ ] yeah I'm fully aware fully convicted of what I own I don't have to listen to some Bumbo on New York Times so aside from Bitcoin I'm interested because I want to wrap this up by Talking about you know some actionable stuff in the market so Bitcoin clearly by now if you've been watching the whole

podcast it's evident like we're obviously both very bullish on bitcoin and have conviction how do you view the altcoin market in relation to bitcoin because historically they have been linked so it's still linked so so do you view let's say Bitcoin hits a million dollars you think like all coins Rising tide LIF Soul ships kind of affect not All Ships the best ships the best ships there ships with too many holes in them yeah and and those holes are like you know liquidity token like like pre-sales uh product Market fit your ability to list your

reputation the amount of customers that you have it's a lot of [ __ ] the issue with a lot of crypto projects is Imagine Facebook 2006 when it just starts they launch their stock that next year is Mark Zucker ready with Such an infant company to be managing a stock to be managing investors as well as a company in profits very difficult for a CO to do all of that today in crypto that's what's happening you have people managing a chart managing investors and simultaneously trying to build a market fit product that onboards customers and

that is profitable look at what's taking place with [ __ ] dot polka dot yeah they're going crazy because they're like Oh we thought that this was going to be the future but nobody's using it going to zero a lot of projects 99% of projects going to zero so does it lift all boats maybe during a bull run speculation yeah long term not at all but there's a couple monolithic ecosystems that I think are going to outweigh everything ton ecosystem Bitcoin ecosystem ethereum ecosystem salano right now these are the four heavy duty players you have

base Wanting to get involved uh you have L wanting to get involved you have avax wanting that involved these are all competitors they all have a chance but once again it's the path of least resistance do they have Phantom right readily available in jup that you can hop on and swap no okay well what is the path of L resistance to acquire user the mobile so then I look at time okay well it's very simple so when I look at these chains When I look at these products I look at demand I look at how

aged they are because age is important because it tells you if something has the ability to stand the test of time and do they have traction traction is is it a path of lece resistance for users to come on board and is the usability of the product something that's enjoyable remember last bull run all these all these metaverse worlds in order for you to do any transaction you would have to Sign your wallet that transaction any sort of movement that's not scalable it's not doable so the tech also needs to advance in a way that

adopts normies and any place that now has access to adopt normies just happen to have kind of like the OG cryptos attached them Bitcoin ethereum salana AAC uh ton things of this nature outside of that speculation and gambling at a high at the highest level and then the final sector the Retail Wall Street meme coins which I think are the only asset that is completely uncorrelated to crypto and the market in general you have the ability to experience massive gains in memes when there's a bare Market when the market is down I mean look at

paypay when pay first took off I think last year yeah we were still bare Market yeah and it hit hundred hundreds of millions of dollar I remember finding that at like 50 mil I bought my first B I think I think I think I I think I saw you post about it you made a video about it right yeah yeah I I I was on live stream because I used to do live streams and someone in the comments like check out Pepe so I like went on I'm like okay I'll just buy some and I

did it live on stream I just bought some and then yeah I mean I obviously took profits as it was 100x later yeah it was like a 60 70x I'm still holding a like bigger position than ever it's my biggest position wild But it's wild yeah it's a meme coin yeah it's crazy but you look back at it in retrospect and it makes sense it's the number one character forchan it's the number one character on Reddit it's the number one character on X okay this is all attention the guy that owns the IP doesn't really

take care of it doesn't give a [ __ ] about it it's already pretty much like a house old internet name okay we have all this momentum energy and attention let's just add a token to it So that people can speculate on it whoever did it is a g and and there's there's this additional element I don't know if you remember but there was fud in the early days where the team had a fight but that dumped a lot of the team Supply and then once people realized a lot of that was in the market

it became like the community's coin because it wasn't that sell pressure and that's like a powerful narrative right when it's like the community and I just Pumped it yeah I mean that's how I'm seeing the market man I think actionables is get involved actionables is join communities actionables is understand that this is here to stay and it's not about gambling if I'm like hey buy this coin that coin you're not going to become a better G if I put in a couple Grand in your pocket that's not no you become a winner by identifying Trends

by identifying narratives and by identifying winning Teams and nobody can do that for you except yourself even you listening to the things that I'm saying go and research them spend four or five hours before you allocate your hard-earned money into different plays because you could lose it and once again most people in the markets and we saw it last Bull Run dude people got [ __ ] demolished you don't think another Luna is going to happen this B run you don't think another bit connect is going to Happen you want me to take you mount

go bit connect Luna what's next something's next I lost a lot last Bull Run I made a lot and lost a lot and your first bull run as well you said you made over 160x and lost it all 160x lost it all so but sometimes you need to go through that stuff to like understand like how to actually play the game and I feel like I've really changed my investing style since then I think you know when you go into crypto you maybe you're a little Bit blind too trusting of like the promises and the

hopes and that's really what I think is solidified meme coins this cycle people don't trust that status quo anymore and they want you know they want something different and that's where they don't want to be lied to and they want to buy something that they understand when you buy Dogecoin you know what you're buying when you buy Brett when you buy Sheba when you buy foxy you know what You're buying you're buying a meme coin that's it and you're writing the momentum if the project has it and you're writing the narrative if the project has

it high risk High reward baby name of the game if you were just coming into crypto would that be your number one Focus like obviously after you understand the basics of how the market Works Bitcoin ethereum would you dedicate most of your time to memes or 100% yeah everything in the crypto space Is a meme and that's you're focusing your time as well I'm enjoying it dude I'm having a great time it's fun dude and it's like I don't have to read all these [ __ ] white papers about this imaginary Tech that's going to

roll around any of the Hightech stuff I'm already most likely allocated and invested into the likes of manad and I have a couple other Investments that I've really deep in that are rolling out in the next couple years but they're not Out to Market they're not ready to roll it's going do you buy the l1's as well like obviously ton salana like I have ton salana I think Bitcoin ethereum and leverage long on avac just because I think it'll pump with everything else and leverage long on inj I think what people need to understand as

well is like something like Bitcoin ethereum ton salana you can probably hold that with like quite a long-term view like even 10 years obviously taking profits in in Bull runs whereas the meme coin game that that's a you got to treat it differently days weeks months it's maybe months if you're a g and you pick something that's crazy and the in in the team Works weeks on the average and days for the most part yeah and and LLY how do you how do you go about finding hours for the old Legion getting once again would

you want to find finding memes teams Trends and narratives yeah why am I so bullish on uh Brett for example Well because paye did well and it's part of this Narrative of boy club so it's the narrative so well what's the trend the trend is this is already at 1.5 billion Brett this other thing's at 3.5 billion paye okay well what's the narrative what's the bet what's the speculation for it to continue playing the same Trend okay well what's the team behind it what's their track record okay they have a solid team all right sounds

good I'll put some coin in there it's Pretty simple sometimes I win sometimes I lose yeah as long as I win more than I lose it's the name of the game you only need a 51% strike rate to make money over an extended period of time you I was listening to a I was listening to a keynote by by feder and he said you know half of the serves they hit the net that was such a good half of the serves are out that was such I watch that as well so it's like so it's

like once you understand it's a Game of probabilities as long as you win a little bit more than you lose and you understand how to cut your losses o over feder's career he only won I don't know the exact figure but I think it was like 54% of points he won 80% of full matches but only like 50 something per of points and it just shows like it's small margins but consistently over time that's how you the compounding effect brother yeah I think that's a good way to wrap it up thank you for joining Thanks

for having me I appreciate it look forward to part two somewhere in the mete we'll do a spaces as well or something let do yeah I'm done uh hash Bitcoin to the Moon why not [ __ ] it make sure to subscribe and we'll see you in the next one thanks bro good time appreciate it yeah