307: [Dr. Hans Boateng] What You Should Know About Crypto, Inflation and Recession (2025 edition)

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:16):
The wallet's missing from thefloor it's got my secrets, nothing
more I checked the drawers, Ichecked the spikes Left me hanging
in my legs Last night we toreup the town now my wallet's not around
Call the cops or play itsmooth Pay my debts and start anew

(00:38):
hey.
Hey.
Where'd it go?
My cash, my car is my flowdon't you know what's gone?
Now I'm broke from dusk tilldawn Dancing lights and screaming
base Drinks were flowing inthat place Left the tip but lost

(01:05):
my grip now my wallet's gonna slip.
In a world where financialadvice is as blurry as a wild night
of cheap jello shots, clearyour head and your monetary halitosis
with the about that Walletshow, hosted by Anthony Weaver.

(01:28):
Leave those jello shots forthe amateurs and and learn to indulge
in the top shelf bottles, baby.
Now here's your host, Anthony Weaver.
What up, what up, what up, everybody?
Hopefully y' all are having awonderful Friday eve.
Welcome back to anotherexciting show, the about that Wallet
podcast, where we help thesavage generation build strong financial

(01:51):
habits so that they can talkabout money, spend money, and enjoy
their money with confidence.
Today I have an awesome guestwho's been on the show, I'll say
almost two years ago now, andwas able to predict the price of
bitcoin.
Has always been talking aboutcrypto, why you need to have crypto
in your life, why you need toinvest and actually take yourself

(02:12):
to that next level.
Without further ado, welcometo the stage, Dr. Hines.
But how you doing today?
Very well, Anthony.
How are you?
I'm doing fantastic, man.
It's been a wild ride.
It's great to see you.
I mean, I see you've beendoing your thing for so long.
So what's been going on lately?

(02:33):
Oh, man, so much.
This year has been quite hectic.
The year started off withhaving to follow kind of all of the
changes happening.
And I often say in the firstfive months of the year, I worked
harder than the past, like,five years.

(02:54):
And I'm sure people listeningto us can.
Can empathize because of thelevel of change that we've seen so
far.
But yes, whenever, you know,regardless of what's going on in
the world, there is always anopportunity for individuals who have

(03:17):
access to the right information.
I feel like we are at thatpoint and so many individuals in
our community, you know,immigrants, minorities, or individuals
who weren't born into rich andwealthy households, I feel like they
are going to miss a once in alifetime opportunity as it relates

(03:38):
to digital assets.
That is why I have this levelof passion and conviction.
And in all honesty, that's whyI've committed my life to making
sure that we do not miss thisboat or if I should say, this rocket
ship.
It's been going to the moon lately.
So.

(03:59):
So one of the things is thatthis is obviously a commodity space.
We talked heavy about cryptolast time about, like, what it's
about, how you get into it andso forth.
There's a lot of them out there.
Can you at least bring upabout some of the.
The ones that's been strikingto you to see has been taken off
since the last time we spoke?

(04:21):
Yeah.
So obviously, let me take astep back and share this.
Last night I saw this randompost and I was watching and it was
two females, they don't knowmuch about investing finance.
And one of them was tellingthe other that I put about 1.5 million

(04:45):
into XRP and if XRP reaches$10, she's going to retire.
And then the other girl waslike, so doesn't mean I should put
my money in xrp.
And I was just listening.
I was like, wow, this is fascinating.
You can tell they don't reallyeven understand what they've purchased,
but it's just this concept ofthe number is going to go up and

(05:07):
I'm going to be rich.
There are so many cryptoassets out there for individuals
listening.
And obviously during thecourse of this interview, I'll be
able to dive into kind of specifics.
But what most people need tounderstand is that bitcoin is the
OG, right?
Think of bitcoin like the S&P500 of crypto.

(05:29):
Okay?
If you want the relativelyrobust, relatively safe crypto asset
and you don't want to take toomuch risk, that is Bitcoin.
When you move beyond bitcoin,any other crypto asset, any other

(05:50):
blockchain, think of it aspicking individual stocks.
So almost like picking anApple or an Amazon or a Google, right?
You are trying to say, Ibelieve this in quotes.
It's not a company, but youknow, this company, this crypto assets
is going to do better in the future.

(06:12):
So right now there aremillions of crypto assets.
For individuals listening,I'll say the best way to approach
it is to try and stay withinthe first.
Let's call it the top 20crypto assets.
There are many of them, right?
I'm just going to mention acouple of them just off the top of

(06:34):
my head.
Bitcoin, Ethereum, Solana,xrp, Dogecoin, ada, there's hbar,
there is chainlink.
You know, I mean, I could keepgoing on and on the way to determine

(06:55):
which crypto asset should Ipotentially consider.
Well, before, in my opinion,before individuals even begin considering
other crypto assets, they needto have their baseline or their foundation.
Right.
Which obviously is Bitcoin.
Now once that individual hasBitcoin, then you move beyond it.
I guess the question someonemight ask is, okay, let's say I want

(07:17):
to allocate a hundred dollarsto crypto assets or I want to allocate
a thousand dollars.
Right.
Whatever the amount is, thinkabout it from a percentage standpoint,
I would say give and take.
60 to 80% of it should befocused on Bitcoin.

(07:42):
Yes, 60 to 80% are focused on Bitcoin.
Now when an individual movesfrom Bitcoin, now we go to, let's
maybe Ethereum Solana.
That's the second stage.
Okay, so Ethereum Solana,that's why an individual can say,
okay, maybe I'm going to getat 30% exposure.

(08:03):
So if they were 60%, you add30 to it.
So it brings you up to 90.
Right.
But if you were 80%, then youadd 10%, either Ethereum or Solana
to bring you to 90.
Then the remaining 10%, in allhonesty, doesn't matter what you
buy because it's not going tomake that much of a difference.
But yes, you can then sprinklewhatever is on your heart, maybe

(08:27):
a little bit of Doge or somechainlink or you know, fill in the
blank H bar.
There's just so many others.
For individuals to be able toat least have a general idea of is
this crypto asset good or not?
There are two things that theyneed to keep in mind.

(08:48):
The first is how much demandattention does this particular crypto
asset have?
Okay, because the level ofdemand is going to bring in buyers
for that crypto asset and themore people who are buying.
Whenever you have a cryptoasset that has more buyers than sellers,

(09:08):
it's going to drive price.
It's no different from stocks,it's no different from real estate.
It's no different from gold orany asset.
When you have more individualswilling to buy than you have people
who are willing to sell, theprice is going to move up.
So pay attention to the levelof demand that's out there.

(09:30):
You know, I often used tooverlook XRP as someone who really
understands their space.
I'm thinking to myself, whywould I buy XRP in the beginning?
Yeah, with XRP as a token, itWas, let's call it a company, created
it.
The name of the company is Ripple.
So they created this XRP outof thin air and then they distributed

(09:54):
it to individuals who werebuying the token.
So then the company just getsto keep the money to themselves.
Right.
So I believe the company holdslike 50 to 60% of all XRP.
That's a boatload of moneythat this company just literally
printed out of thin air.

(10:15):
Am I going to buy this thing,hoping to pass it to multiple generations?
No.
The difference betweenBitcoin, which.
The anonymous person whocreated bitcoin, we know that individual
did it because the personwanted to help.
The person was looking at thefinancial system they felt like,

(10:38):
and we don't know if it was anindividual person or a group of people,
they felt like.
This system is unfair toeveryone because you cannot see what's
happening.
It's opaque.
The rich and wealthy are benefiting.
They're able to strike deals,be able to invest in startups very

(10:59):
early, ride all of the growth.
Eventually that startup listson the stock market, making rich
people even more wealthy.
And then after it's on thestock market, you know, us regular
folk, we can come in and.
And then what?
Buy now that it's on the stock market.

(11:21):
And whenever the rich andwealthy, they take on excessive risk
and it's threatening to thefinancial system, what happens?
The government comes in, signsa bailout package, sort them all
out, you know, no one getsinto trouble.
And then the show continues.
So the creator of bitcoinssaid, you know what, this is wrong.

(11:45):
We need an alternativefinancial system, financial assets
that treats everyone the same.
Yeah, everyone is on the same level.
There's nothing that can be hidden.
It's, you know, it's transparent.
So this person created it andwhen they created it, they didn't

(12:09):
even get to say, oh, I'm goingto keep the tokens to myself.
No.
It was structured in a waywhere a certain number of tokens
is released into the world andanyone has the ability to buy it.
So from the scratch, Bitcoinwas a genuine fair asset class, if

(12:31):
you will, or crypto assets.
It's just fair.
From the, from the get go, noone was profiting from the creation
of Bitcoin.
That is what sets Bitcoinapart from every other crypto assets.
Right.
So Ethereum, Solana, xrp, youknow, Dogecoin, you, you can trace

(12:52):
it back to a human being whocreated it, often with a profit motive.
And there's nothing wrong withhaving a profit motive.
Right.
I run a business the investing tutor.
When individuals, you know,purchase access to my community or
my educational content, youknow, I earn, I earn money.

(13:13):
So there's nothing wrong withthe profit motive.
However, in my opinion, whenit's excessive or, you know, when
comparing it with Bitcoin, yousee that Bitcoin is just completely
different.
So I'll just pause there.
Well, I gave you one factor tolook for, right?
So it's demand.
The second factor is scarcity.

(13:36):
Is there a limited quantity ofthis token?
Right.
Because if you have demand,meaning a lot of people wanting to
buy something and there's alimited quantity of it, the only
direction for price is up.
You see, that is what makes Bitcoin.
And I'm not saying bitcoin isthe only scarce crypto assets.

(13:59):
No, I. XRP has a limited quantity.
Ethereum is deflationary.
So the more people who use thenetwork, it actually reduces the
supply of Ethereum.
Interesting.
Yes.
In, out there.
So each one has its ownadvantages, if you will.

(14:21):
So those are the two thingsthat I would say pay attention to.
One is, what's the level ofdemand out there?
So when I saw that video of,you know, two females and one saying,
I put 1.5 million and it'sjust trending on TikTok, I was like,
okay, let's assume someonedoesn't know anything about investing.
Yeah, pull up Robinhood orthey pull up Coinbase or they pull

(14:42):
up any crypto exchange, theylook at the price of Bitcoin, $111,000,
right?
And maybe they look at theprice of XRP, $4 or $3.
I honestly don't even knowwhat the price is right now.
That's okay.
So assets I pay attention to,even though now I'm beginning to

(15:03):
say, hey, maybe I need to giveit a little bit of respect.
Right?
So for individuals listeningwho maybe perhaps they have xrp,
there's nothing wrong with,with having it because even this
year, XRP is up about 300 to 400%.
What?
Yes.
Yes.
Wow.
Right?
Bitcoin is up, give and take,about 25%.

(15:27):
Yes.
So, I mean, that's pretty impressive.
Yeah.
Where's that?
And one of the things is thatbecause I always get my little reminder
here for my station breaksbecause we can keep running.
I do want to take a moment.
Thank you everybody who's hereright now.
Dr. Hans is here because wetalked about this maybe two years

(15:51):
ago and we had such a greattime during the lives that, you know,
he wanted to come back andshare some more information.
It's been Great.
So one of the things is thatcoming through, if you guys are just
here, just going to say hi andchat, we're going to say hi to the
people that are here, who Itold everybody, if you can't make
it, leave a message in the chat.
So thank you, Virgil, forleaving some questions.

(16:14):
We're going to get to those alittle later.
Hey, Lisa J.
Stocks, awesome channel.
If you haven't got a chance tocheck it out, what's going on, Roderick?
And let's see who we got.
Pastor Chris, what's going on?
Tina, thank y' all for comingthrough and continue on having the
chats in the background.
Leave some questions becausewe want to make sure we get to those.

(16:35):
Leave some time for that.
Now, one of the things thatyou mentioned earlier was talking
about the differentadministration, when the shift of
administrations that comethrough, how does that actually impact
crypto as we go forward?
Yeah, that's a, a great question.
Right.
It's no surprise that thiscurrent administration is very pro

(16:58):
crypto.
So individuals who, you know,might not necessarily agree with
many of the policies or thestance of this administration, they'll
be looking at them saying, youknow what, I'm not going to buy that
crypto thing because they aregoing to affiliate crypto with the
administration, which would bea very wrong move to make because

(17:19):
obviously at the beginning ofthe of this interview, I shared how
bitcoin was created in a waythat was meant to do good for the
world.
Right.
And regardless of whoever isin power and regardless of their
country, Bitcoin is going tocontinue to issue more blocks, continue

(17:45):
to verify transactions, andcontinue to increase in value regardless
of who is president across any country.
Right.
It's unstoppable.
That's the best way to put it.
So with that being said, Iwant individuals who are listening,
regardless of their politicalstance, to be curious about this

(18:07):
new asset class.
I like to say when you look atwealth, majority of wealth was first
made in physical assets likegold, real estate, and then it transitioned
to stocks.

(18:27):
Note that for many people inour community, as immigrants, minorities,
when Wall street was making alot of money with stocks in like
late 90s or early 2000s, wedidn't have Robinhood, we didn't
have public, we didn't havebrokerage accounts that gave us access.

(18:48):
So many of us missed theopportunity to get exposure.
This time with an asset thatis universally available globally
to anyone on earth with anInternet connection, I think it's
huge.
So we went from physicalassets to stocks, and now we're Going

(19:11):
from stocks to digital assets.
It is one of the biggestinnovations and transformations I've
ever witnessed in my life.
Let me put some context around it.
This new digital assetecosystem, or this new crypto ecosystem

(19:34):
or these new blockchains willpower everything to power stocks,
bonds, even.
Today the US governmentannounced that moving forward, literally
today, individuals can gosearch this after moving forward
when they are releasing GDPdata, so data about the US economy

(19:57):
and things like that, they aregoing to issue that on the blockchain.
Wow.
Yes.
Okay, I'm going to take that out.
Yes, you should.
That's very cool.
It's an example of everythingthat we see in our world right now
can be tokenized, meaning thatit is going to be powered by the
blockchain.

(20:17):
Why should the things that we see.
Maybe you take your card fromyour wallet and you go and pay for
a transaction.
When you swipe that card, ithas to go to Visa.
Then Visa has to check whetheryour bank account has the money.
Then the bank will go back andtell Visa, oh, this person has the
money.
And then Visa.

(20:38):
It's too complicated.
This is true.
It's too complicated.
Right?
With the blockchain, it's instant.
In.
In like 0.1, in like 0.1second or 1 millisecond.
Wow.
A person pays for something,the money is taken instantly.

(20:59):
We know whether you have themoney or not, the store instantly
gets the money.
They don't have to wait forone month for Walmart or Amazon to
send them.
None of that.
It's instant.
That means you are clearingall of the middlemen and all of the
middle women.
And it's just direct transactions.
It's infinitely better thanthe current system that we have.

(21:23):
Why should the stock markettrade from 9:30 to 4:00pm every single
day?
Why?
Because we have archaic systems.
Once it moves on to theblockchain, once it's tokenized,
it's going to trade 24 Mondayto Sunday, the same way bitcoin trades.
Right.
So it's just clear to me thatwe are going to move this entire

(21:46):
world onto the blockchain,which is why I say is a tremendous
opportunity because Satoshicreated bitcoin.
In all honesty, I believe thatSatoshi felt like, you know what?
A certain group of people havebeen disadvantaged.
The rich and wealthy haveaccumulated all of.
All of the assets.
So if there was a way toredistribute wealth, right?

(22:08):
If there was a way toredistribute wealth, how do you do
it?
You restart it.
How do you restart it?
You.
You Take it from physical to digital.
So the individuals who own theright digital assets early will be
beneficiaries of that wealthtransfer that's happening.
Is it almost like how whenlook at the commodities that were

(22:32):
back then far as gold andsilver in the countries that actually
held onto it was like, okay,well, we got this rock was just metal
alloy just sitting there.
We don't really need it, wehave it.
But now all of a sudden, theworld wants it.
And now all of a sudden itseems like, oh, now we're rich just
out the blue because everybodywant to change the way that we do

(22:52):
business.
So what we saying now is that,okay, so some of the people who invested
early on was like, all right,we were just doing this for fun.
Like, the guy who purchased.
Was it Domino's pizza withbitcoin for the first time, I think
he spent what, like, yeah, ridiculous.
And then all of a sudden, hegot his pizza, and everybody thought
it was crazy.
Like, what is this thing?

(23:13):
Now all of a sudden it's like,you know, he's crazy now for spending
that amount.
But at the time, it wasuseless because nobody really saw
the value in it.
So now everybody's starting tosee the value.
Okay, let's try to get into it.
So there was a question thatjust popped up, which makes sense.
Perfect timing for this question.

(23:35):
This is coming from Melinda,which says, you know, pretend I know
nothing.
What is the blockchain?
So the whole concept ofblockchain is because of bitcoin,
right?
Bitcoin pretty much inventedthe idea of blockchains.
So let's take those two words,block and chain, right?

(23:58):
A block is just think of it asan Excel sheet of transactions.
So one person sends an amountof money to a wallet.
So your wallet is going tohave a certain identification number,
and another wallet is going tohave an identification number.
So one wallet sends money toanother wallet.

(24:21):
So a transaction happens theway that they.
And before I explainblockchain, I just want to give individuals
a general idea of what's going on.
So every 10 minutes, theBitcoin blockchain puts together
all the transactions thathappen between one wallet to another,
right?

(24:41):
And then it puts it togetherin a block.
So it's like a block of transactions.
Then those transactions are verified.
And you might be wondering,who are the people verifying their
transactions.
Anyone can verify a transaction.
You just need to have theright computing power and the right
systems to be able to verifythe transaction.

(25:04):
That's also what makes bitcoinunique, because there isn't A company
somewhere that is poweringthis network.
Anyone can power the network.
Block is just series oftransactions that's happened over
a span of time.
Typically it's about 10minutes when those transactions are
verified.

(25:26):
Right.
They can never be changed.
You cannot say, I, I didn'tsend the money to that wallet.
Well, you click send.
Yeah, and it's encoded on the blockchain.
You cannot reverse it.
Right.
So when the transactions areverified, that's one block.
And then it chains it or linksit to another block which then starts,

(25:48):
okay, the next 10 minutes, thetransactions that happened, this
person is sending money tothis person, or this person is sending
an NFT to that person, or thisperson just purchased the car.
So now there's a verifiabledigital proof that they purchased
the car.
So they are the owner of the car.

(26:09):
Oh, this person just purchasedthe house.
All of what I'm saying is notnecessarily happening at scale now,
but it's going to.
And all of those transactionsthat are in a block, they are transparent
and available to, for anyoneto see.
So blockchain block oftransactions linked to whatever the

(26:31):
new one is.
So why is it a blockchain?
It means that there's ahistory of every single transaction
that's happened from the onsetof that in quotes, crypto assets
all the way into the future,that those chains of transactions
are blockchains.

(26:51):
It's just pretty much a ledgerto be able to verify that a transaction
happened between two wallets.
Perfect.
Because I mean, that kind ofsets the baseline for all of this
whole conversation, I mean,this whole conversation around it.
So, you know, when it comes tounderstanding, okay, this is the

(27:15):
future that we're living intoday, a lot of other countries are
already using it.
There's whole documentariesthat are about this process in this
particular, you know,different, obviously different currencies
for those particular countries.
You mentioned that Bitcoin isthe og.

(27:35):
Yes.
Is there any reason why wecan't create our own crypto for our
own business?
Saying like, hey, you know,from friends or whatever, like, hey,
we have a cool club orwhatever, like say the wallet, like,
this is about that wallet.
I can make my own ATW coin.
And saying like, hey, anybodythat's want to be part of my net

(27:57):
that want to exchange with me,only exchange in ATW coin, this is
the price for it and I'maccepting this coin.
Yeah, I can do that.
You can 100% do that.
But we're waiting forregulation to legally be allowed
to do that.
So let me take you back theprior administration was a bit hesitant

(28:23):
with crypto.
Let me explain why.
In the beginning they wereclose to Sam Bankman Fried.
For people who don't know, thegentleman was the founder of ftx.
Well, FTX ended up blowing upand it became a huge ordeal.

(28:45):
We went into like this twoyear bear market where crypto prices
dropped like significantly.
So the prior administration,they were looking to legalize crypto,
but they were leaning more.
Right.
And I'm just sharing this asmy opinion.
From what I saw in the space,individuals can go and do their own

(29:07):
research to verify.
So they were leaning moretowards Sam Bankman Fried to see
what they could do to legalize crypto.
And then all of a sudden FTXblew up and it was like, we need
to distance ourselves fromthis guy and this industry.
Right.
We were trying to give them an opportunity.
It's just unfortunate thatthey didn't go.

(29:28):
And when I say day, I'mtalking about the PR administration.
They didn't link up with thelegit players in the space Coinbase,
Brian Armstrong, Jack DorseySquare, Michael Sailor strategy.
Like there are legitimatepioneers that were there.

(29:50):
All of a sudden they chose toalign themselves somewhat with, you
know, Sam Bankman Freed, andwe know what happened.
So when that happened, theyjust changed their posture.
They're like, you know what?
We don't understand this thing.
We're trying to give it an opportunity.
We don't want, we don't wantanything to do with this.
And in fact they were like, wejust want to get rid of it.

(30:11):
We want to get rid of cryptoand we're going to make it very difficult
for it to flourish in the USSo it became a very hostile environment.
The current administrationnoticed the posture of the prior
administration towards crypto.
So they were like, ah, we'reactually gonna become a champion

(30:33):
of crypto.
So the Trump administration isusing it as an advantage, Advantageous
thing that they.
You get what I mean?
Yeah.
Initially in 2019, Trump hadposted that, oh, it's only criminals
that use bitcoin and it's usedfor nefarious activities.
All of a sudden when henoticed that 50 million Americans

(30:56):
hold crypto, it's like, thoseare voters.
Yeah, see, those are voters.
And he was like, I'm going tomake America the crypto capital of
the world.
And that is actually going to.
This particular question.
You're already answering it,but keep going, man.
I'm just posting it for.

(31:17):
Everybody can see America thecrypto capital of the world.
I was at the bitcoinconference in Nashville Literally
about five rows.
And when I paid for the ticketfor the conference, I didn't know
that the President was goingto be there.
Just to put some contextaround, I didn't know.
I was like, five rows.
I was looking at him.
And when he said, I'm going tomake America the crypto capital of

(31:43):
the world, it's so fascinatingfor people who are really pro crypto,
like, that's all we think about.
Like, we're not even lookingat the messenger because we know
that this system is created todo good.
So whoever the messenger is,is to come and promote this system,
we don't care.
Because that individual, thatindividual is just there for four

(32:06):
years.
Yeah, this is going to live onin perpetuity.
So when that happened, it waslike, oh my gosh, this is a big deal.
So immediately when the prioradministration saw that, oh no, this
new administration is tryingto take these group of people, they

(32:26):
flipped all of a sudden theywere like, oh, we'll allow Ethereum
ETFs to be approved.
Who allow Bitcoin ETFs.
And we are pro crypto.
But it was late.
It was late, you know.
So to tie into the earlierquestion that we spoke about, is
there a possibility that anincoming administration can flip

(32:48):
and be negative against crypto?
Think about it this way.
50 million people held cryptowhen, when there was a hostile environment
towards it.
Over the next, let's call ittwo to four years, we might probably
double that amount to 100million people or 125 million people

(33:08):
holding crypto.
You think someone who wants tobe elected in 2028 is going to come
out and say, I don't like bitcoin.
Right.
I don't like crypto, I amgoing to destroy it.
It's comparable to someonesaying, I don't like Social Security,
I don't like Medicare, I amgoing to destroy it.

(33:30):
You never want to touchpeople's money when you're a politician.
So in my opinion, I feel thisindustry, this sector, this asset
transcends political parties.
Thank you for that.
Because that is one of thethings that to understand is like,
when the President isinvested, how does it actually impact

(33:53):
the citizens?
And you lay that out perfectly.
So I want to give out somemore shout outs to the people who
are here.
You know, you gotta give ashout out to the people.
So, you know, we wouldn't bedoing this without you all.
And I want to just say thankyou for coming through.
So.
Hey, what's going on, Henrietta?
We have Limbar.
What's Going on Barney's.

(34:15):
We got Samuel in the house.
Hey, what's going on, Angelina?
Tax services.
Best tax service person.
She comes on every year, talkabout taxes.
True enrolled agent.
Awesome stuff.
And obviously, we heard about Melinda.
And welcome Jen to the show.
So one of the things that, youknow, I want to give a gift out to

(34:39):
to the people I know, like,I'm heavy on books.
You also good with books.
Is there a favorite book thatyou want to give to somebody you
want to give out today?
It's on me.
I'll pay for it.
But is there a book that youwant to give out to everybody?
I'm gonna do a hashtag cryptoif you want to get in.
So if you are looking intogetting into this giveaway, we're

(35:02):
just going to do this at theend of the show.
Just type in hashtag crypto ifyou want to get into this drawing.
And that will actually, wejust got to find out a book.
So what do you want to give away?
What book?
I'll say the bitcoin standard.
I haven't heard of that book.
The bitcoin standard.
Yes.
To give a little bit of asummary of what individuals can expect.

(35:27):
That book is a requiredreading for anyone who's interested
in truly understanding bitcoindigital assets because it explains,
you know, most individuals whohaven't done their work about bitcoin,
they will look at it and say,oh, what makes bitcoin valuable?
Right, right.
What makes it valuable?

(35:48):
It's just a string of numberssending something from one wallet
to another.
Why does.
Why is bitcoin a hundredthousand dollars, where does that
value come from?
Right.
Yeah.
But when you read that book,you learn that money is an abstract
concept.
Back in the days, they used touse seashells and glass beads as

(36:13):
money.
And this is even making meemotional, because African countries
used to use glass beads as money.
And when Europeans came intoAfrica and they saw that Africans
were using glass beads, thatthe Europeans knew how to manufacture
identical beads.

(36:34):
So they went back,manufactured the beads, came back
into the country, and theyused those beads to buy all the assets
from the local people.
Wow.
Yes.
Right.
So the thing about money thatyou don't want is you don't want
money that anyone or somerandom person can create.

(36:55):
That makes sense.
Yes.
So once you begin tounderstand the history of money.
Okay, what makes gold?
Why do people even use gold?
Well, for me, I know fromunderstanding electronics is that
gold is a great semiconductor.
It's a very soft metal.

(37:15):
It's really a horrible metal.
When you really think about itagainst all the different types of
metals that are out there.
However, it's a greatconductor for electricity.
That's the only thing I couldsee behind it.
Remember at the beginning Isaid that there are two things that
individuals need to look out for.
Demand and scarcity.
Yeah.
So let's first look at scarcity.

(37:37):
Gold is scarce.
On average, every year, youcan just dig up or find maybe an
additional 1% of gold that'sadded to the supply.
So there's a limited quantityof gold.
And in terms of demand, whatcaused the demand?
Individuals realized gold was scarce.

(37:57):
It's shiny.
They're like, you know what,we're just going to hold this thing.
And instantly gold becamemoney, something that became a store
of value for individuals.
And the US was on the goldstandard, meaning the US pegged its
currency to gold up until 1971when the US realized that, you know

(38:21):
what, we are saying that wepegged our currency to gold, but
we don't have enough gold.
If countries were coming to ussaying, hey, we want the gold, here's
your currency, we want the gold.
So Nixon announced in 1971that we're taking the US off the
gold standard.
What does that mean?
It means that the dollardoesn't have to be pegged to gold

(38:44):
and the government can printthe dollar at will.
Right.
So individuals are looking atreal estate.
You, you ask the averageperson, why you.
Why do you buy real estate?
Or because it goes up, why isit going up?
Why is real estate going up?
Most people think, oh, it'sbecause it just goes up.

(39:06):
No, it's going up becausegovernments print more money.
Okay.
If money was a fixed quantity.
Well, if it was a fixedquantity, you know, it would, it
would still go up if therewas, like, demand coming in or.
No, if money was the fixedquantity and you couldn't make more
of it, there's going to be avery fixed quantity.

(39:27):
So it fixes prices at this ata level, and you can have more of.
You can't have more money.
So it's stationary pretty much.
But once you can create moremoney, that money begins to move
into the assets.
And the more money thatsomeone has, it means that person

(39:48):
has the ability to pay morefor that thing.
So whenever someone can paymore for an asset, the price will
rise because price moves tothe price of the highest bidder.
So most people are holdinghomes and it keeps going up.
And, and they don't realizeit's because governments are able
to print money.
Right.
That's why you you have theappreciation in, in homes.

(40:12):
That's what makes bitcoin unique.
Okay.
And obviously we can.
Because early on it was easyto mine it because I remember people
used to just mine it with justa Raspberry PI and then it was Raspberry
PI farms, where you can justput like 12 of them together and
get some bitcoin.
Yeah.
Now you need a full warehousejust to get one at this point.

(40:34):
So like you said, Bill's at scarcity.
And when you went backearlier, you said it's a finite amount
that you can get.
Yeah.
And no more.
That.
That's it once it's done.
So 21 million.
And how far are we from thatnumber, do you recall?
Yes, we are about 19.7.
That's it.

(40:55):
Yeah.
We've created 19.7 millionBitcoin, so we are left with maybe
about 1.3 million that will becreated over the next hundred and
something years.
Jeez.
So in order to mine that, wegot to go beyond the compute power
that we currently have, whichI'm thinking quantum will be the

(41:16):
next compute power that I canthink of potentially or, you know,
powerful.
I'm sure Nvidia or these kindof chip companies are able to create
semiconductors that arespecifically, I believe they are
called ASICs that arespecifically manufactured for, you

(41:38):
know, bitcoin mining.
But that power or that computewill definitely need to be scaled
up, you know, as more peoplewant to mine it.
And Anthony, if I could sharethis, and I think it's worth people
understanding, I just sharedwith you that 19.7, and it's just

(42:00):
a rough estimate ballpark, Imight be off by either 0.1 or 0.2.
But let's go 19.7 millionBitcoin currently in circulation.
But 95% of the entire globedon't own or have any bitcoin.

(42:22):
Right.
And the price is a Hundred and what?
Twelve thousand.
Even though 95% of the worlddon't own any bitcoin.
Okay, now you get into mysweet spot now, which is the features.
Where do you think this isgoing to go?
Well, since you predictedright from last two years ago, you

(42:45):
predicted accurately, what doyou think is going to be in the next
two years?
In the next two years, call it 2027.
I believe that Bitcoin will besomewhere between 200 and 300,000.
In the next two years.
In the next five years.
So 2030, I'll say 500,000 to 1 million.

(43:07):
Wow.
Wow.
Okay, that is okay.
At the way of the expansion, Icould See that happening?
Only because like you said,the more people would get into it
and everything like that.
Yeah, I, I often say, how did.
You come to that number though?
How did I come to that number?
You just look at theexponential growth of bitcoin.

(43:30):
So I study bitcoin a lot on,on average every, every day.
Generally I spend about fourto five hours studying markets.
Of that four to five hours, atleast two to three is spent specifically
on digital assets.
And I've been doing this sincelike 2016 for context.

(43:53):
So I might be breaking thingsdown in a very simple way, but it's
a lot of information that Ihave taken in over the course of
the years.
In 2017, when I started to buybitcoin, it was a thousand dollars.
And I'll just, I was playingaround, you know, I'll buy a few
hundred dollars here because,oh, I'm now understanding this thing.

(44:13):
It's almost like you areplaying Then in 2020, you're like,
oh man, this thing is really good.
It's life changing.
Then 2022, you're like, wherecan I get money?
Where can I get money?
Like, oh, that old 401ksitting there.
How do I roll it over, youknow, be able to buy like, you know,
ETFs or like you begin tothink, how do I get money?

(44:35):
Like anyone who has spentabout five years at least, right,
studying this asset, you gofrom playing around, oh, let me just
buy a few things here to like,you are running around understanding
the importance.
So often when I share aboutbitcoin or this digital asset space,
I want people to borrow mypassion and borrow their years of

(45:03):
studying and learning aboutthis asset so that they don't become
convicted in five years fromnow when bitcoin is a million.
Take my conviction now.
Go do some due diligence,maybe read the bitcoin standard,
watch a few.
You can go to hope.com, youcan write that website down, hope.com

(45:27):
go and read the publicationson there, go and read the books about
bitcoin, do some duediligence, but borrow my conviction
because it's, it's, it's huge.
So how do I come up with the number?
There's something called apower law.
Apparently you are able totrack with, with mathematics how,

(45:52):
how much growth certainanimals can have or how much growth
a city can like, how, how acity can grow over time in terms
of its population and all ofthese things.
You are able to apparentlystatistically figure it out.
So it's called a power law.
So individuals plug the powerlaw into bitcoin.

(46:13):
And they found out thatbitcoin follows a perfect power law,
which is also another mindblowing fact.
Right?
Yeah.
I didn't know that.
Yeah.
So the power law predicts thatbitcoin should be 1 million somewhere
between 2033 and 2035.
That's quick.

(46:34):
In 10 years.
Yes.
And the power law predictsthat bitcoin will be about 13 million
2045.
So y' all hearing it first andwe gonna play this back.
Y' all know we're gonna playthis back.

(46:56):
So, Anthony, when I startedteaching about investing.
Right.
Yeah.
The thing that's always beenon my heart is I see people in our
community.
We don't have a lot offinancial resources.
Right.
If we wanted to becomemillionaires, how do we do it?

(47:18):
It's very difficult.
How do you do it?
Become a millionaire in America?
Sure.
If you're lucky and you workvery, very hard like I have, you
can create a million dollar ormultimillion dollar business, but
it requires an insane amountof work.
It's not easy at all.

(47:40):
You have to execute at a levelthat most people will not be able
to.
And the sacrifice that youhave to make, it's.
It's excessive.
I've lived it.
Right.
But what is a very simple wayfor individuals to be able to get
to a million dollars withouthaving to go and start a business

(48:05):
without having like this?
In my opinion, bitcoin is thesimplest way for anyone to become
a millionaire and eventually multimillionaire.
That is why I am constantlyposting about bitcoin.
That is why I constantly talkabout bitcoin, because I view it

(48:27):
as the arc.
When we think about it in thecontext of Noah, I view it as the
ark that is saving us from theinflation that is all around us,
from the economic disaster,from the exploitation of individuals

(48:47):
who are well connected andthey have boatloads of money and
they are striking their side deals.
Bitcoin is that arc that takesus, you know, to that land of milk
and honey.

(49:07):
So I wake up every day and allI think about is bitcoin.
It's so crazy.
Like literally every single day.
I remember one day I waswalking around and I was like, wow,
Imagine, Anthony.
An announcement came beginningof this year, I think somewhere between

(49:30):
February and May, thatcoinbase has been added to the S
P 500.
Okay.
Yeah.
So now all of a sudden,everyone who is anti crypto.
It doesn't matter that you'reanti crypto.
You own crypto.
Yep.
Okay.
You own crypto.
Coinbase and P500.
Hello.

(49:51):
Like, it's happened a monthago, Square, which is Jack Dorsey's
company, added to the S&P 500.
So now you have two companiesthat are predominantly crypto companies.
Yeah.
Anthony, I want you to writethis down.
And.
And the individuals listening,the moment you hear that MicroStrategy,
which is Michael Saylor'scompany or strategy ticker symbol

(50:15):
is MSTR.
MSTR.
The day that you hearMicroStrategy has been added to the
SMP, game over.
Let me explain why MichaelSaylor, in 2020, he converted his

(50:35):
company to be a company thatputs all of its money into bitcoin.
So Michael Sila had.
He was investing in Apple,Facebook, Google, Amazon in 2009
because he believed that adigital wave was happening and it
was going to demonetizelibraries, it was going to demonetize

(50:57):
songs.
This was Michael Saylor sayingthis in 2009.
Obviously, no one believed him.
So he put about $10 millioninto Apple, Google, Facebook, these
companies, Amazon.
And 10 years later, that 10million was 100 million or 200 million.
And he sold all of thosestocks and put all of the 200 million
into Bitcoin.

(51:20):
Yes.
So that caught my attention.
Like I said, when you arestudying bitcoin, as you begin to
see certain things, itincreases your level of conviction
because you're like, I'm hereworrying about the few thousand dollars
I'm putting.
Like, someone just put 200million, right?
You know, so he put 200 million.

(51:40):
Then he went to his companybecause he owns, like, he's the founder
of the company.
He owns majority share.
And he told his board, go andstudy bitcoin.
And then we're gonna comeback, discuss it.
So the board did that.
They came back and they tookall of the company's cash, 500 million,

(52:01):
bought Bitcoin.
Then he went to borrow 250 million.
On top of that, on top of.
His company bought more bitcoin.
Then he issued bonds,corporate bonds, 500 million bought
more bitcoin.
Like all of this happeningsomewhere between 2020 and let's

(52:22):
call it 2021, 2022.
That's a quick turnaround withthat much cash.
Yes.
MicroStrategy was worth one totwo billion dollars when they started
buying Bitcoin.
Today it's $120 billion company.
Talk about flipping, man.

(52:43):
Okay.
Rolling in cash.
Yes.
Now, three weeks ago,MicroStrategy now qualifies for the
S P500.
So the big question is, willthey let them in?
That's a great question.

(53:04):
That is A great questionbefore we move on.
I'm gonna throw in a quick commercial.
Sure.
Then we're gonna go straightto answering questions because there's
a lot of questions coming inand I want to make sure we end out
the rest of that and then wecan go on and do the.
What's it called it, do the drawing.
So this, it'd be about like a.
A minute, like 30 second thing.
If you just want to grab somewater or something like that, we

(53:26):
can go and knock that out.
So let me go on throwing my commercial.
If I can find my stuff.
Some of y' all who've beenwatching that show, y' all know about
it.
This one I'm a thing.
Okay.
This is a little trivia.
It's just a minute long if youwant to grab something.
All right.
And we'll be right back.
See you soon.

(53:51):
Sa Sam.

(55:04):
All right, all right, all right.
Welcome back, welcome back.
I had to pull myself somekombucha because, I mean, man, this
is great stuff.
Awesome opportunities to come through.
So I just want to share witheverybody where we at right now and
how many people are intogetting this book.

(55:25):
So I'm going to share this tabso you all can see where we standing
if it shows up to the stage.
There we go.
So we got 25 people that arein right now.
So if you haven't already typein hashtag crypto, it will automatically
add your account.
You only get one entry.
So if you already typed incrypto once, it got you.

(55:46):
So you don't have to keepdoing it.
Just to let you know.
So we're just going to startdiving into.
While people just type in theword crypto to be inside the drawing.
I'm going go through some ofthese questions here.
We want to go from the topbecause you started hitting on it.
And some people are repeatingthis question, which is if you don't.

(56:09):
This is coming from our Virgil.
She says if you don't havemuch money to invest, should I even
think about crypto?
And also what mistakes dobeginners usually make when they
trying to invest in cryptoassets or other assets in uncertain
times?
You know, it's fascinating.

(56:31):
In my opinion, crypto anddigital assets should be what individuals
who don't have a lot of moneyshould invest in.
Right?
Yes.
Think about it.
I think about wealth as a raceand for predominantly for immigrants,

(56:54):
minorities.
We are not even running in therace yet.
Like, we haven't reallystarted building wealth.
Individuals are far ahead,years ahead, centuries ahead, oftentimes.
Right.
So you Think about it as youare the starting line and you are

(57:15):
about to start running, okay.
Are you going to be copyingwhat the people who have been running
for hundreds of years or 10years, or 50 years, are you going
to copy what they are doingand be moving at the same pace as
they are moving?
How are you going to make progress?
Right.
You need something toaccelerate your growth so that you

(57:39):
can begin to move quicker and faster.
Right.
So it's just fascinating.
So often, and I say this assomeone who spent a lot of time,
years studying this industry,I get very frustrated and I don't
hold it against financial educators.
I really don't becauseobviously I've done the work.

(58:01):
I get frustrated whenindividuals are leaning into this
space because they are sayingbuy an S&P 500.
Okay, sure.
Someone has $100, they buy anS&P 500.
Congratulations.
The $100 is now 110.
A year later.
Woohoo.
Generational wealth.

(58:23):
What about a thousand dollars?
The thousand now has an extrahundred dollars.
A thousand one hundred.
Whoo.
Gonna be multi.
What thousand years.
I say it not to make funbecause something that I really think
about.
Right.
But I just shared with youthat Bitcoin was $1,000 in 2017.

(58:49):
So that individual who put$1,000 into Bitcoin in 2017, they
would have $112,000 today.
And God willing, let's assumeI'm right and in 2030 Bitcoin does
hit, I said 500 to a million.
Let's say it hits a million by 2030.
The thousand dollars is nowworth a million dollars.

(59:09):
What other financial vehiclecan do this?
Like there's none.
I can't think of any.
Yeah, exactly.
With that being said, onceagain, people don't have the level
of conviction that I do, sothey cannot go all in.
Right.
In 2020, 2022, 2023, when Iwas looking at Michael Saylor putting

(59:29):
all of his money in, did I putall of mine in?
No.
Back then I was 50%.
50%, right.
Today I'm 90%.
He saw the light.
Yeah.
Today I'm 90%.
But, but Michael Saylor say,what are you doing?
Right.

(59:49):
And where's the other 10?
The other 10 is in AI, whichis a whole different, you know, different
topic.
So if you don't have money, inmy opinion, educate yourself, but
get, get exposure.
Right.
What mistakes do beginnersusually make when trying to invest
in crypto?
They buy whatever they hear onsocial media.
They look at the price of thecrypto asset to determine what to

(01:00:12):
buy, right?
Like XRP, maybe it's $3 or $4.
So let me put my money there.
Once again, nothing wrong withxrp, but you don't want that to be
the bulk of the portfolio.
So re, listen to this and keepin mind, kind of the allocation that
I shared, not as advice but assomething to consider.

(01:00:33):
Got it.
So this one is coming in fromHenrietta which said, should one
have hardware storage for crypto?
What brand and how can you get one?
And also, is it worth it totransfer from institutions to a storage?
In my opinion, if anindividual is new to crypto, they

(01:00:53):
don't need to be looking atany hardware storage device because
often it complicates the process.
The most important thing theyneed to do is to buy some.
Okay, so you go to Coinbase,you go to Cash app, you know, Robinhood,
Public, sofi, Fidelity.

(01:01:15):
Right.
Just open a brokerage account,buy some.
Okay?
That's the first thingindividuals should do.
Nice and easy.
There's also an opportunity toget ETFs, whatever.
However, for individuals whoare really curious about having a
hardware device, BitKey BitKey is in my opinion, the device

(01:01:37):
of choice.
It was created for themainstream audience.
Guess who created a JackDorsey square.
Right?
So yeah.
And what makes it differentfrom other crypto wallets is with
other crypto wallets you aregoing to be provided a set of keys,
meaning certain passcodes forthe wallet.
If you lose the passcode,you've lost all of your crypto.

(01:02:00):
It's gone.
Right.
One of the reasons why I oftensay don't worry about hardware wallet
is because of that.
But Jack Norse created awallet that doesn't have any seed
phrases or any passcodes.
So you can actually allow yourfriends or family, like multiple
of them to have tiny pieces tobe able to re verify your wallet

(01:02:23):
if you ever lost it.
It's.
It's built in a very great waythat I think mainstream new beginning
people to crypto to thedigital assets ecosystem will find
appealing.
Okay, let's see, we gotanother one here from Melinda.

(01:02:45):
She says, are there anytheories on who created crypto?
I mean, we already.
You already talked about thata little bit.
Yeah.
Yep.
Let's see.
We're gonna go through.
Oh, wow.
They this person come all theway from Australia.
Thank you, John, for coming through.
Let's see, we got some more questions.
Where they at?

(01:03:05):
I know y' all got somequestions in here.
Yeah.
Okay, here we go.
What is your take onStablecoin and Meme coins?
Yeah, so the genius bill wasJust passed about a month ago.
And the genius bill, what itdoes is it tokenizes the US Dollar.
So for the first time, the USGovernment has passed a law that

(01:03:25):
allows the dollar to run on blockchains.
So now the US Dollar isavailable globally to anyone on Earth.
They don't need to be.
They don't need to go to abank to get dollars.
They can just have asmartphone and they can get dollars.
That is going to disruptAfrican countries.
And African countries don'teven know what's coming.

(01:03:47):
I feel so bad it's going todisrupt African countries because
often the currencies.
And I'm focusing on Africaknowing that there are other developing
countries out there that dothe same thing.
But the reason I'm focused onAfrica is obviously because I'm African.
Yeah.
But many of the currencies inAfrica hyper inflate, meaning that,

(01:04:09):
you know, it just keepsincreasing against the dollar every
year.
10, 20, 30% consistently.
Well, if people can now savein dollars and they don't need to
go to a bank, they don't needto talk to anyone to access that
dollar.
Right.
Yep.
Yeah.

(01:04:29):
I'm not working hard andkeeping my money in a random currency
that people are going to printwhen I just put it in the dollar.
Right.
So stablecoin tokenized dollar.
Meme coin is.
What's the word that I'm gonna.
It's for fun.
It's a joke.
It's fun.

(01:04:50):
Community vibes.
Right.
There's nothing there.
There's nothing of substance there.
Just a vibe.
Right.
For example, the president,before he became president, he launched
a meme coin.
Trump Coin.
Yeah.
Trump coin vibes.
I know it's funny, but thinkabout it, okay?
This person is going to be thePresident of the United States.

(01:05:12):
He launches a coin, and he'sabout to institute positive regulation
for crypto assets.
Yeah.
What is he planning for that token?
Right, right.
Exclusivity.
Yeah.
What's he planning for that?
What if certain stores.

(01:05:33):
We're not there right now.
What if stores say that if youare purchasing something with Trump
Token, we give you 20 off?
I'll see where you're going at now.
Yeah.
Because.
But even.
Even if you think about it,they technically, a lot of the stores
already had these things.
Because if you think about,like Chuck E. Cheese, you always

(01:05:54):
had those physical coins.
You buy into it.
Whatever currency you have,you get the coins to utilize only
in that store.
In that store, only Kohl's Cash.
Yeah.
Is one of them.
Think about, like all theseother programs that people have.
Because you shop there.
Whatever coin you use, you'regoing to get.

(01:06:15):
This is Taylor Swift canrelease a coin.
Beyonce can release a coin.
The reason they haven't isbecause there hasn't been the rules
and regulation, but now we'regoing to have it.
There's a bill going throughCongress right now.
It's called Clarity Act.
It's expected to pass beforethe end of the year.

(01:06:37):
By the way, the Genius act wassupported by both Republicans and
Democrats.
It's not only a Republicanthing was Republicans and Democrats
came together.
The majority vote.
They can come together forthis, but not everything.
They came together for theGenius act, which was the tokenization
of the dollar.

(01:06:58):
They will likely come togetherfor Clarity act.
And people might be like, how come?
How come for this topic ofcrypto, Democrats and Republicans
are coming together.
I want people to pay veryclose attention to what I'm about
to share, because it'sincredibly important.
Okay, now I'd like to share.

(01:07:19):
I'm gonna pull this up side byside so people can see this in real
time that this act is actually here.
Yeah.
So it's right there.
He's not lying about it.
So continue.
Go ahead.
I'm sorry.
Yeah.
So we shared how this newadministration saw the opportunity
that they could have with thecrypto vote.

(01:07:43):
So they just leaned heavilyinto taking advantage of that.
Well, Coinbase and othercrypto companies pulled their money
together and they created apolitical pack called Fair Shake.
And they raised $200 millionfor the last election.

(01:08:06):
And Fair Sheikh is notDemocrat, it's not Republican.
It's just pro crypto.
And they didn't want tosupport the presidential election,
so the money was just goingtowards Congress and Senate.
So this is what Fairshake does.
If you are anti crypto, theypush money in your district, run

(01:08:32):
ads against you.
So you lose.
Yes.
So evil.
If it's not evil, it's just.
Yeah, it's business.
It's just pro crypto.
Right?
It's not evil.
It's.
It's pro crypto.
If you are pro crypto, theypush money in your direction.
You, you, you, you win your election.

(01:08:53):
So there was this huge race inthe Senate.
There was a gentleman, hisname is Sherrod Brown, Ohio.
He was the head of the BankingCommittee Democrats, and he had been
the head for about 10 years or20 years.
He was very anti crypto.
He didn't even like.

(01:09:14):
Brian Armstrong, CEO ofCoinbase will schedule a meeting
with him.
Never took his meeting, ever.
So they pushed about 50 to 70million dollars specifically for
the Ohio election, SherrodBrown, a high level 10 to 20 year

(01:09:35):
senior ranking Senate bankingofficial versus Bernie Marino, a
newcomer, took him out.
Wow.
Yes.
Sent waves throughout theentire political ecosystem.

(01:09:55):
Crypto is here.
Yeah, I hear you.
We got Angelina.
She put here from 7:18 tax services.
How quick can we becomemillionaires with bitcoin?
I don't want.
So that's the thing.
I don't want individuals tothink about it as a quick thing.

(01:10:16):
Right.
In all honesty, and I don'ttypically give advice, but if I was
giving advice to someone thatI really care about, I'll say buy
bitcoin with money that youdon't need so that you never have
to sell it.
Right.
But how quickly can a personbecome a millionaire with bitcoin?

(01:10:37):
It depends.
Let's say you buy one bitcoinright now.
And by the way, I don't thinkeveryone needs to have one bitcoin.
And the truth is only 21million people can ever have one
bitcoin.
So think about it.
America has 300 million plus,you know, resident citizens.

(01:10:59):
Only 21 million can ever evenhave one bitcoin.
Not to mention the entireworld, like 8 billion people.
Only 21 million people canever have one Bitcoin.
So one bitcoin is like aluxurious goal to shoot for, in my
opinion.
I think individuals should aimfor 0.1 bitcoin.

(01:11:22):
0.1.
So whatever the price ofbitcoin is, you do 10% of that price.
Make it your goal to get 0.1 bitcoin.
So let's assume we're lookingat 0.1 bitcoin, not one.
Right.
If you're looking at onebitcoin, my estimate is sometime
2030, 2033.

(01:11:42):
We should see $1 million bitcoin.
Earliest is either 2029 or2031 million.
But maybe around 2040 or 2042or 2043, we should see $10 million
bitcoin.
And I'm seeing this as if it'scertain, but I want individuals to

(01:12:03):
know it's just a projection.
Right.
So the, the individuals whobuy 0.1 Bitcoin today, it might be
about $11,000 or $10,000.
So 2040 or 2042, when Bitcoinhits 10 million.1 would be worth
$1 million.
Right.
I see.
Bitcoin is about a thing of patience.

(01:12:24):
And here's another thing thatI want to quickly share.
Anthony, Never sell bitcoin.
I want to see it again forindividuals who are listening.
Anthony had to read.
Yeah, Justin.
Right, right.
What are you saying, brother?
Like, how am I going to makethat money?
Right?
How am I going to make moneyif I don't sell it?

(01:12:44):
My wife says this all the timeto me.
She's like, okay, this bitcointhing, if you, if you keep saying
never sell your bitcoin, well,how are we going to have money if
we don't?
If you don't sell it?
Right.
Let me share a secret with youthat probably 99.9% of the individuals
listening don't know, butpeople in my community do know this.

(01:13:09):
Anthony, you can borrowagainst bitcoin.
Yep.
I'm familiar.
Well, at least I'm familiarwith it.
So you are part of the one.
You're part of the point one.
If you want, you can ask inthe chat, how many of you know that
you can borrow against your bitcoin?
Bitcoin.
Right.
How many go y' all answer inthe chat, how many of y' all know?
How many of you know you canborrow against your bitcoin?
And let me even take it a step.

(01:13:30):
Even though, Anthony, you knowyou can borrow against your bitcoin?
Yeah.
Do you know that that loan isapproved in 12 seconds and the money
is instantly deposited intoyour account?
First your crypto account andyou can wire it into your bank account
in 24 hours.
Now that I did not know.
Yes.
And you don't need to put anypersonal information, you don't even

(01:13:53):
write your name to get accessto that loan.
You don't need your address.
They don't care whether youhave a job.
They don't care what yourcredit score is.
Instant.
Once you have bitcoin, you areguaranteed to get that loan.
Wow.
You can borrow up to 85% ofthe value of your bitcoin.

(01:14:14):
So if someone had $10,000,they can borrow up to 8, 500 against
their Bitcoin.
See, I knew like, because in.
We got a Angelina in here.
She can correct me if I'mwrong, but usually loans are not
considered income.
So if you're getting a loan,you can sit there and say like, oh,

(01:14:35):
I'm poverish, I don't make any money.
But because you got the loansyou can live off of.
Yes, nice and easy.
With loans, you don't pay any income.
I'm telling you, Anthony, Ioften say this.
The thing with bitcoin is theprice is always going to go up over
time because we know it's scarce.
As the price goes up, peoplewill be like, ah, this bitcoin thing,
why is the price going up.
So they are going to want toknow about it.

(01:14:56):
Once they take the time toreally study and know about Bitcoin,
you're going to buy it.
It's not a matter of will youbuy Bitcoin, it's when, right?
Once MSTR MicroStrategy getsinto the S&P 500.
Do you know why that's a big deal?
Because all of a suddeneveryone with a 401k will be buying

(01:15:17):
MicroStrategy stock.
And when people buyMicroStrategy stock, what he does
is he issues more shares intothe market and takes the money to
buy more bitcoin.
So smart.
It's so smart.
But, but think about that.
It means that everyone,everyone in America will be funding

(01:15:38):
the bitcoin purchases of mstr, right?
In perpetuity.
And, and the higher the valueof MSTR grows, the more of an allocation
the S P500 is going to give to it.
That's why I said it's game changer.
People have no idea what's coming.

(01:15:59):
It's, it's funny because to meI can see what's going to happen
in about five to seven years.
All of the anti crypto peoplewill likely see MSTR as a top three
company in the US in like fiveto seven years and they're going
to be like what, like most ofmy money is going to what, like bitcoin.
You're gonna be in it.
So it's going to be rapid firebecause I know you got time cut off.

(01:16:22):
So we probably get like fourminutes in for some of these because
these are some good questions.
I just don't want to skip.
I think we can do about 30minutes, so, so 9:45 should be good.
Okay, so this one is coming infrom Coley, if I said that correctly.
Says, how safe is a walletwithout a passcode?

(01:16:42):
Incredibly safe.
Bitkey is so safe.
Obviously I always encourageindividuals to do their own due diligence,
but for context, I don't plan to.
I've been in this space for avery, very long time and I don't
even have a hardware wallet.
As I speak to you, individualsin the bitcoin space who are bitcoin

(01:17:05):
maxis will be pulling theirhair out listening to me say I don't
have, you know, a crypto wallet.
I don't, I haven't seen theneed for it.
But when I do decide to, toown one, it's going to be bit key,
it's not going to be anything else.
Right?
Because I just don't want toLive with this concept of being scared

(01:17:28):
that I can just lose my keys and.
It'S gone and all your stuff's gone.
Yeah, yeah.
Like the guy that lost allthat millions of dollars in the sea.
Yeah.
This one is coming in from Dennis.
If bitcoin is a deregulatedfinance, is it good or bad that we
have it that we are havingbills pass for crypto?

(01:17:52):
And also, if bitcoin is forindividuals, isn't company like strategy
acting like the Feds now?
Yeah, it's very, very, verygood question.
So if bitcoin is supposed toderegulate finance, is it good or
bad that we're having billspass for crypto?
Let's put it this way.

(01:18:13):
Until there are bills passedfor something, that thing cannot
be legal in the economy orthat thing isn't recognized.
So the passing of the billjust legitimizes it as something
that citizens don't need to bescared of.
Right.
So think about what that means.
It means that those who werebuying this asset before it became,

(01:18:37):
in quotes, legitimate to theeyes of everyday people, they are
in early.
Right?
So the rules just allowseveryday people to feel comfortable
with owning the assets.
So it's just required.
It's almost like when the carwas created.
I'm sure people are like, oh,we like our horses.
You know, why do we need a car?

(01:18:59):
The car can kill people or thecar is too fast.
Fill in the blank, whateverthe excuse was.
And imagine they're like, weneed laws for cars.
People are like, why do weneed laws for this thing?
You know, I guess bitcoin isfor individuals and MicroStrategy

(01:19:19):
is acquiring it in bulk.
Isn't it acting like the Fed?
The better way to look at itis MicroStrategy is doing its thing.
You get to decide whether youwant to own MicroStrategy stock or
not.
You can decide whether youwant to.
Right.
You don't have to buyMicroStrategy stock.

(01:19:39):
You can just buy Bitcoin itself.
And your bitcoin is outside ofthe control of the government.
However, you definitely wantMichael Saylor to be doing what he's
doing because bitcoin has alimited supply and all he's doing
is buying.

(01:19:59):
So it's just helping you.
The individual who ownsBitcoin, with that being said as
a disclaimer, I'm reallybullish on msdr.
Got you.
And Harold brought up a goodquestion, which is, how do you see
MSTR in relation to Bitcoinfive years from now?
I think you just kind ofanswered that.
It's like they already all in.

(01:20:22):
And another thing that manypeople and Harold shout out to you,
he's a part of thegenerational wealth community.
What most people don't know isthat MicroStrategy, because they
can borrow money or issueshares to buy bitcoin, be able to
grow their company at a fasterrate than the growth of Bitcoin.

(01:20:45):
Does that make sense?
Because they are doing thisfinancial engineering to try and
acquire more bitcoin.
So let's say, for example,bitcoin is going to grow, I don't
know, 500% over the next fiveyears or 200% over the next five

(01:21:05):
years.
It wouldn't be wrong toanticipate that MicroStrategy could
potentially have double that return.
Right.
So 200 would be, you know, 4.
500 would be a thousand percent.
Right.
Which, yeah, essentially islike a 10x.
So, yeah, just something thatpeople can keep at the back of their

(01:21:29):
mind.
That microstrategy more thanlikely grow faster than Bitcoin.
All right, so I'm going to goahead on and let's do the drawing
now.
I'm going to go down and share.
So for some of you who justjoined, we actually doing a book
giveaway here on the show live.
You get to spend my moneytoday and hopefully you get to use

(01:21:51):
that book to actually, youknow, kickstart your, your investment
into crypto and actuallyutilize the information we learned
today to take you on to that next.
So if you haven't alreadytyped in crypto already, please do.
So we're going to go ahead onand start that process right now.

(01:22:13):
So I'm gonna give you like aminute or two because I know that's
a little delay.
And we're gonna play somemusic in the background.
Let's see what I got back here.
I got some others, some weirdstuff back here.
Let's see.
Yes, that's cool.
A nice little chill because atthe end of the night, you know, I
don't want to wake people up.

(01:22:35):
So go ahead on and put your,your cryptos in.
And as you see the countergoes up live, so you get to see it
as it goes through.
All right, so we're gonna do a countdown.
Oh, and for people who arenew, this is the book that you're
going to be getting.
It's called the Bitcoinstandard, recommended by Dr. Hans.

(01:22:56):
He says, like, this is thebook to get.
So you know, when you want toget to where he's at, obviously he
looks at this every day.
This will be your Starter book.
If you want to get to this andreally speak to it, get educated.
And this is what this show is about.
To make sure you're fullyeducated and so that you can make

(01:23:17):
the life decision that'snecessary for you.
Alrighty, so y' all notspending Dr. Han's money?
I'm spending my money.
All right, let's go.
Alrighty, who is the winner of this?
Who's gonna.

(01:23:38):
Jj.
All right, congrats, jj.
Let me give you some round of applause.
Congrats to jj.
So, jj, I need you to do.
Is to send me an email atAnthony about that wallet dot com.

(01:23:58):
All I need is either anaddress or if you have an Amazon
box that's near you, go on andshoot me the Amazon box name.
If you're not familiar, Ithink you can actually just select
your location and it wouldactually tell you which Amazon box
is near you, and then I'llhave it sent to that particular box.
Usually it's at, like a 711 or.

(01:24:21):
What's the name?
711 or like a grocery store orsomething like that.
So you can always get it.
So congrats to jj.
Do you think we should giveaway another book?
You know, I mean, yeah, I was.
I was going to say I wanted todo one for myself.
So my page.
My Instagram page is at theInvesting Tutor.

(01:24:43):
So similar to you, obviously,because Amazon is able to ship to
the US It's.
It's simpler to do thisgiveaway for individuals in the US
So for my most recent posttoday, Anthony, if you can scroll
up a bit.
This one here?
No, the one below that.

(01:25:05):
Okay.
This one.
Yes.
So this one, I posted it today.
The first 10 people to comment.
So if you're in the US first10 people to comment on that post,
I'll go ahead and DM you, andI will mail you out a copy of the
Bitcoin standard.
So first 10 people to comment,go ahead.

(01:25:25):
Oh, yeah, I better run over.
First 10.
Yeah.
First 10 people to comment on.
On the post will get thebitcoin standard.
Okay.
Yep.
My page.
The.
At the Investing tutor onInstagram and just comment on the

(01:25:46):
video that you see on the screen.
Yep.
And look for the one wherehe's wearing the.
The burgundy red shirt.
Yes.
So first one.
Dr. Sav, you're driving.
Well, Dr. Sam, you always on my.
I mean, we talk, we chat allthe time.
Yeah, we can work somethingout for sure.

(01:26:07):
Man, this has been great.
So, you know, I want to leavethis up here for the people if they
want to jump over to Instagramto go ahead on and make that comment.
And I can always refresh tokind of see where they at.
See.
Oh, wow, you already got.
That's nice.

(01:26:28):
So that's great.
So one of the things that Iwant to say is, is there anything
that you want to leaveeverybody with for the night?
Yeah.
Out of everything that wetalked about.
Yeah.
What can get them fired upabout crypto if they're not fired
up yet?
Because I'm already fired up.

(01:26:50):
I'm like, at least let me giveme 0.000.
Yeah.
At least something to say for the.
For the people.
Yeah.
I want people to really feeland know, like, how important this

(01:27:18):
opportunity is and to put itinto context.
Think about it this way.
Okay.
The more people who come in tobuy this asset, the higher the price
rises, right?
Yeah.
So we've had close to a decadeof no legitimate rules or regulation

(01:27:41):
around this asset.
So it's only like individualswho've done the work that have been
buying.
Now, as the laws come intoplace, you're going to see now 401ks
can buy this asset.
Pensions can buy this asset.
I wouldn't be surprised if oneday the US Government is like, you

(01:28:03):
know what, Social Security is underfunded.
We're going to put some of themoney into Bitcoin.
Right.
But the US government needs away to be able to figure out its
debt situation.
So the U.S. by the way, thisis also a law.
It's called, like, I forgetthe Bitcoin Act.
Like the US wants to buybitcoin and this is not even like

(01:28:27):
a law from the President.
This is a law going throughCongress, the Bitcoin act, it's at
the Senate right now.
They want to buy 1 million bitcoin.
Yeah.
So pensions are going to have endowments.
Like, eventually you're goingto have countries.

(01:28:48):
The way that bitcoin works,anytime someone who doesn't have
bitcoin sees the price goingup, they feel massive.
Fomo, I can guarantee you thata lot of people don't care about
bitcoin.
They probably will keepignoring it.
But I can guarantee you whenit hits 1 million, 1 million, everyone

(01:29:12):
is going to wake up, be like,oh my gosh, 1 million.
And at that time, they aregoing to be hearing that it's going
to 10, and you're going to seelarge amounts of capital being pumped
into it.
And at that time it's going tobe deemed less volatile.
It's a long way of me sayingthat I have just never in my Life

(01:29:32):
seen such a clear opportunityfor individuals in our community
to just focus on buying one asset.
Okay.
Get exposure with money thatyou don't necessarily need.

(01:29:55):
Just let it, just let itcompound, let it, let it grow.
So yeah, that's pretty much.
I think about it all the time.
I'm like, wow, most retirementaccounts don't own bitcoin.
So once you unlock that tonsof capital.
Most financial advisors arenot allowed to buy bitcoin.
Once they unlock that tons ofcapital, do you know why the financial

(01:30:18):
advisors are going to buy it?
Because when they put bitcoininto their portfolio and the portfolio
grows more, the percentagethat they are earning like bitcoin
is structured in a way that itincentivizes everyone.
Let's say countries, let's saythe US buys 1 million of Bitcoin,
all of a sudden UK is lookingat their economy.

(01:30:39):
They're like, US is growing sofast because Bitcoin is powering
it.
UK announces we're going tobuy 500,000 Bitcoin, United Arab
Emirates.
They're like, what?
We have oil money, we're goingto buy 2 million bitcoin.
Bitcoin is the only commoditythat no human being can create more
than 21 million.

(01:31:00):
So while countries arebattling with each other how many
they can buy.
Going to be laying on a beachsomewhere, probably in Ghana, West
Africa, living like royalty.
Yeah.
And just relaxing, figuringout, okay, which charities am I going

(01:31:22):
to support today?
Which, you know, whichinitiatives am I going to push money,
which entrepreneurs am I goingto fund their startups, you know,
which just how do you give back?
You know, so I just want moreindividuals to be positioned to be
able to do that.
The last thing that I'll addalso is, you know, how I just shared

(01:31:43):
the example of financialadvisors and how they have an incentive.
Think about when bitcoin hitsa million dollars, the richest people
in the world will be bitcoiners.
Do you think that countriesacross the world will be able to
pass negative laws againstbitcoin when all the richest people
hold bitcoin?
There is such an incentivesystem that goes across the board,

(01:32:05):
which is mind blowing.
Most people don't sit down andthink about this.
It runs through my mind allthe time.
I'm saying to people, don'tplay around.
Secure your stack, you know,secure your family for multiple generations.
Own an asset that isaccessible anywhere on earth with
the Internet.
No one can manipulate it, noone can take it from you with force.

(01:32:29):
You can pass it down tomultiple generations and you don't
need Permission from someoneto be able to pass it to someone
else.
All you do is you just send itto a wallet or if you wanted someone
to inherit your Bitcoin, justsend it.
Just go and tell the person,okay, yes, send it to them or give
that person your wallet orgive that person your secret phrase.

(01:32:53):
We've never seen anything likethis ever before.
Where property, an asset isdigital and the laws that maintain
it is not managed by humans.
Just I don't know if you allfelt that, but do with it what you

(01:33:18):
will and please secureyourself, secure your family.
This is the redistribution ofwealth that many people have been
waiting for.
People are waiting forpoliticians to pass laws to redistribute
wealth.
It is in front of you.
It's called Bitcoin.
Okay, with that being said,just a quick tip, I'll go for it.

(01:33:46):
I feel like Ethereum hasincredible potential.
Over the next five years, Idon't know if Ethereum can live multiple
decades like Bitcoin is going to.
Because Bitcoin, as we know,there's no humans, there's no founder,
there's no.
You get what I mean?

(01:34:06):
Ethereum and the others have founders.
But with that being said,Ethereum is going to benefit significantly
from the stablecoin genius bill.
Also, Wall street has pickedEthereum as their main blockchain
that they wanted to power Wallstreet and finance.
JP Morgan is building on Ethereum.

(01:34:27):
Coinbase is building on Ethereum.
Robinhood is building on Ethereum.
What does that mean?
Ethereum right now is $5,000for one Ethereum.
There's price projections thatEthereum could potentially be 60,000
by 2030 or 100,000 by 2030.
One of the things withEthereum, one of my co workers, I

(01:34:50):
was sitting beside him becausethis is when I was building about
wallet.
Mind you, this is about fiveyears ago.
@ the time, my co worker waslike, oh yeah, you know, I buy Ethereum.
I was playing around with itand he said, it's only 300.
And I was like, really?
It's like, man, maybe I shouldjust give you 300.

(01:35:11):
Because I didn't know anythinglike how to even get the wallet and
I need to get all this stuffbecause I wanted to do it anonymously.
And I was like, maybe I shouldhave just used my real name.
Just get it.
I didn't care.
It's my wallet.
It is what it is.
Now that I'm thinking about ahindsight 20 20, I should have just
gone on the butt like, youknow, use my paycheck just like Here,
take it.
But from it being 300, fromwhen I like physically see it with

(01:35:36):
my own eyes at 300, for it tobe at 5,000 now, I'm like, yeah,
yeah.
And people around me aretalking about this stuff and I'm
just like, have fun with it,like, because I'm doing other things,
but, you know, I should havedabbled in it.
And I remember when bitcoinwas available for $10, you could

(01:35:57):
easily get it.
You know, like we at the agenow, we've seen this stuff.
It's almost like seeing Googlecoming through.
It's like, oh yeah, Google'slike $5 or the.com era.
Yeah, that's where we at rightnow to see how it go.
And we haven't found a.
Well, we getting close tofinding like those core stable coins
that would actually take us tothat next level.

(01:36:20):
So, man, this is, this hasbeen a wild ride.
It doesn't even feel likewe've been talking for like an hour
and a half.
But man, everybody's in thechat saying like, you know, great
show, thanks for having you on.
You know, they really lovethis stuff.
Please, if you haven'talready, hit the like button.
Because I want to make surethat we share this out to as many
people.

(01:36:40):
The more people that actuallysee this to more action and activity,
we can make sure we share thisout with the world and our people.
So this is.
Yeah, I know that forindividuals who are new to their
space, you're probably, okay,where do I go get this asset, right?
Where do I buy it?
Right?

(01:37:00):
I know people be listening tothis from multiple countries across
the world, right?
And if you're listening tothis, you've listened to till the
end, share this video withsomeone that you care about.
It's completely free, right?
And I've mentioned so manyjust valuable nuggets that will change
people's lives, right?
But for individuals listeningwho want to buy a crypto asset, just

(01:37:21):
Google crypto exchange in yourcountry, okay?
And select the 1 or justresearch the top 2 or top 3 and select
the ones that have the highestrating and reviews in your country,
okay.
And just do some due diligenceon them.
And that is how you shouldstart, right?

(01:37:43):
In the US I'm sure the topones, you know, might be Coinbase
or Robinhood or Fidelity, right?
In Canada, there's like wealthsimple or Robinhood.
Uk, Europe, there's Robin Hood.
There are, you know, there'salso Coinbase in Australia now there's

(01:38:03):
Coinbase.
There's Kraken also In Europe,in Africa, there's yellow card, there's
bamboo, there's just.
Just do your research, do yourdue diligence, make sure it's a top
ranked exchange in your country.
High reviews and, and juststart there, right?

(01:38:23):
Don't over complicated, don'tgive money to someone else or someone
messages you on social mediaand then you're like, oh, go and
buy crypto for me.
No, do educate yourself, right?
Do your due diligence and kindof go from there.
And for individuals who justkind of want to know more about what

(01:38:46):
I do or the community that Ihave, you could go to my website.
It is the investingtutor.comso www.theinvestingtutor.com yeah,
there's a preview of theGeneration wealth program which is

(01:39:08):
available on the website soindividuals can preview the GW program.
And yeah, that would be agreat start to get a feel for, you
know, if this is somethingthat you want to invest more in in
terms of becoming a part ofthe generational wealth, family learning

(01:39:28):
and yeah, just buildinggenerational wealth for you and your
family.
This is awesome.
And Dr. Hans, thank you somuch for coming through with your
time, your effort, your energyand giving back to the community.
Community, as always, youknow, I can't thank you enough for
everything that you do.
Continue on to push thenarrative, man.
Dr. Hannes, thank you so much.

(01:39:51):
You have a good day.
Thanks.
I'm gonna go on and do a quickwrap up everybody here.
You know, we'll catch uponline anyway.
Absolutely.
All right, see you next time.
Well, thank you so much.
Bye bye.
Peace.
Peace.
All right, so everybody pleasemake sure y' all follow Dr. Hans
on his platforms, either onInstagram and also his website.

(01:40:13):
This has been an amazing show.
This is the reason why I do myshow is to continuously add people
on to the show, give you theright information so you make the
educated choice for yourfamilies and also for your community.
And that you can now walk withyour chest high and really make sure
that you are actuallyanswering the question call for your

(01:40:36):
family and also not just foryourself, but for your unit.
You are taking that moment toreally educate your, your child,
educating your parents.
Because right now I have somany episodes to release that are
talking about how they useinvesting to actually caretake their
parents.

(01:40:56):
They were able to take off ofwork for like a month or two without
a care in the world becausethey were able to take care of their
parents, take care ofthemselves because they actually
invested in themselves early on.
And I want to make sure thatyou have that ability to do that
as well.
So if there's anybody elsethat y' all think I should have on
the show to kind of help youall to the next level, please drop
a comment in.
And if you haven't already,leave a like, go ahead on and subscribe

(01:41:19):
because I want to continue on,to have more lives like this.
I wish you all the best.
Be safe out there.
And I'm out.
Quick wrap up.
All right, everybody.
I'll be out.
Peace.

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