Bitcoin Headed to $100k?! What's Next for Crypto, When to Get In, & Tesla Stock | Ft. Mike Novogratz
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Yes all right.

Today is a day. Monday, yes, is day, time on day.

I just say, happy veterans day, my other day to all our veterans. Yes, because often inking things to clothes by markets are close. Market was .

open today. Recipe, you appreciate you.

But yes. Fan, hi, I appreciate. Thank one. Those numbers, great show.

Run the numbers. If you have not watched black, I watch the replay. man. So much talked about for um elan elan bitcoin was nex. The democrats oh so much .

talk about the tech .

on the .

democrats.

You crazy enough all of the election receives a tex since then, sent all the group chat that were once part in. And for .

a few.

try, try to take a side .

of group chats 之类 to more bone。 And people like that, I know as well to them. Tell me nobody from, like you finally figured out but he IT .

is what .

IT is um today's a new day and we have a lot to talk about bitcoin he had IT towards ninety thousand yes that's the approach ninety thousand yeah and historical al moment so we going to be talking with a knows that too um so if we can he's just because .

he is .

got that thing he says I go the biggest network is a play six billion out but I not sure my axon but this is eighty five percent of his .

network in cryptanalyst tion once again, fiction people.

We want to talk about tesla. We can talk about T S N, china. A lot to talk about on in the market right now. But first black out. If you enjoyed IT with back this week about wednesay, we have A J one. You now come from allegedly family hip hop just make a name for himself just jobs pok just know he's becoming up uh on media personality in his own right smart speaks for the Young generation very goned yeah you know what was dope um and speaking for the Younger generation is that .

he has not admitted or done the research of the generation before him so I will see his pops is primary in in the fabric of his pop in the history but he went back on his own because the things i'm here i'm talking about yeah you weren't .

there forget yeah you really been .

a student at and been paying homage and has a future trajectory for what what the music and this media industry much out .

them that that be wednesay. So we going to the Young world perspective on on different topics. Always good to get the the youth involved so that that will be dog conversation thursday.

Uh, we don't alive. We going back to our our theory of we took one week all we going back to our own legal series. And this is the one that revised been asking about, you know you sort of the development that we've been in, in ghana, we can be doing .

alive with the guys.

So we have beyond we, me, we alphand. So the guys has actually in business developer guys. Then we're gonna shock of bars who put this whole play together.

Activists, where is going to be three continents cover? Because where in amErica there? In ghana, and shocked bar is in thailand? 嗯， so we got asia, africa, american connection.

That's gonna happen. And simultaneously, we can explain the whole thing in detail, explain the situation if you want to get involved as an investor to buy home. We're gonna talk about gonna.

We going to talk about the landscape of investing in africa, or wise on what is the returns have been over the cost of the last decay, airbnb opportunities, very technical business. Then we're gone to have the african sight of IT from mom shocker. He gonna talk about the, the, the transatlantic later trade.

And however, leads back in time point is going to be a dog esol is going be entertaining, is going to be educational forum. Definitely going to be informed of any one of business. So all roads lead to africa if you're interested in learning more about ghana specifically. But this africa as whole investment opportunities was going on. Do and don't how not to get called up in bad deals?

That's great point.

That's important because the people go on to to different countries and they just buying stuff and not even understanding how would actually every country is different. So how things work in amErica is not a salary, how they work in ghana or china or mexico. So doing business is vitally important to understand a the laws of the land, but also the people that can really .

get IT done.

You should graduate tion. He's becoming a citizen's, a citizen. You guys, his citizen are joined in. And three weeks he gone to actually give us best .

point after in the ceremony, please.

For flash mode is .

more .

fighting in for play around shock .

if you want .

more to here for .

the survival tactics that i'm like now member as well .

for yeah ah crazy international arbitral .

thursday um if you want to get rich in the market, wanted know where get in, where to get out going in investor. I come the company to stay away from this month. I will be including all of the pigs that I think would do well with trump being an office in twenty twenty five also shot up to the three new members of rare pant who become millionaire.

Try to you. I put that up on on I this past weekend. So that was amazing to see everybody who called. And I also have amazing show.

Yeah, shut out to a shout. The D, C, we were N, D, C, but we D, C, to the sage c, nash in a black, uh, black well, summit. And a is crazy yet usually said that because I made me think of some of the people that were coming out to us in a jam and I leave name show me orta was like, like, wow, you like, i'm as excited as he is.

And he he was there with his wife and he was like, look, he watch all the time and there's no way i'm going to stop of now. So shap everybody as execute on information, time information, really doing IT and really doing IT that's don't you know this workman, our content is intended to be used and must be used for informational purposes only, is very important that you do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional and connection with, or independently research and verify any information that you find on a show and wish to rely upon, whether for the purpose of making an investment decision or otherwise. As always, this is a message about who got a good about that illegal. And a good brother isn't on lap the master, invest himself to the research, share a research, importantly, executing the research that you sums going out to twenty thousand and get there and you looking like, oh my go lower.

什么什么 又要 什么 6月20 服 so .

I know everybody one .

talk about biton.

but before we before we get to bitcoin is other investments that have gone up tremendously as well. And of course, tesla comes to mind. So tesla and another Stellar performance today, twenty five hours, been going up over twenty hours a day for the last three days.

thirty for the election.

And testers, one of these stocks that you know very really, does one individual stock get tie to a presidential election, right? Because this was a general overall economy is like, know what, test the of breaks that exception because the influence that iran has had, a on the election and b on trump, even now a so is is he's actually like .

camp down .

and more log right in in lunch. He's in the interviews because that they actually going over like what the cabinet is want to look like, whose appoints and from what seen and say elan is is approving everyone, not a thing, everyone giving his suggestions, talking the world leaders, Sandy said he is on the phone with him. So he is in packet as close as .

you could possibly .

be so might create this own .

position .

in the and you don't even .

need position what .

the position is going .

yeah if you look me, my baby character was tario later was my baby character. And because he's the cause, is always the guy next to the king with the most power, right? And the way that he massed the mind, yes, somebody are really later, too.

So I say to say, let me clean. He was never next. They don't kill you. So he was never a king's him, but he was far enough to be close enough to the kington he was.

He was a car.

So elan is going be in the mix, and as a result, test to stop the sky working. So alright, haven't said that. How far can I go? Because asked the best obvious question. How far can I go? Is IT don't for a put back, short sellers lost a bunch of .

money on .

IT four .

point two already. So what's the future of this text?

Less of number one. I want to tell short sellers to stop shorting stocks. Is this limited upside unless you're short and option or our future equivalent of IT, but if you just flat out short sell on the stock, too much risk on the downside to any publicly chilly equity.

Um the Price I have going to I have a going to five twenty twenty eight to five hundred and twenty thousand twenty eight eight within the next sixteen months will I pull back? Yes, of course um but of course have been so close to trump. I told everybody six month ago he was going to be a Better version of dictionary.

And here I got A A villain art theory about an, i'm give you one day before. Right now we will talk about the burgers of him alone and himself a trumper. The benefit of his business styling, as a result, will do very well.

There was a reason why he was on a phone, was in laski help styling tremendously. Twenty twenty six， twenty twenty seven. Um but of course, when you for all the people we keep saying while you guys covering politics, stick the stocks, I keep telling you the policies will mend, which sectors will do incredibly well. Like if there was no bailout package in two thousand and eight for the country and interest rates went to zero, there would be no capital that float into tech so politics do affect what stocks are gonna perform well and him have a directory trumping um the entire cabinet is going to be am not going to control but he going to have like or show said a direct impact and selection over IT is gonna as benefit and test is gonna wanted to beneficiaries of over the next three years as a result .

yeah is to benefit ary right now overwhelming. And I think if people are thinking because that the tests cars moving in a very short ety, I know that you can now least a cyber truck, but that's not was doing is definitely is his closest to the situation and how affects his his business, in fact, that I saw the new term defense AIoT. The fancy are this is, this is the new thing, like this is a new thing. And so at the front.

that is gonna a SpaceX.

right? But append part that when is the phone? Other countries, it's not even discuss strategy. So they are thinking him right, like he's saying thank you for allowing us to have stomach.

This is how we will use in communication when he on on the farm of the present, are they thinking and they're praising him, but now that gives him in more positions, right? Foreign countries are now looking at like, wait, we need to have this technology as well. Well, why don't we have this technology? Yeah and how can we util IT I an he's in prime position if you look at all the target Prices.

Um I mean, this is only five days, right? Like we haven't even hit a four weeks in the election. The target Prices has have gone and this is from gloats for more instantly.

Well, fargo pipe and you had in over five hundred, that average is about four sixty. Yeah, which is a extreme ups up. And right now. So would would IT be like, be you to interest in IT?

No, IT would be great. And I just to twelve on a pull back also to on a political side to, and sure, you guys talk about the power of networking. I talk to somebody y's trust camp yesterday, he said wanted the things that they ve been done for the last three months.

We just called him all the democratic donors who had not been called about biden or brock the last twelve years. That's like take the political leaning out of IT. If the person that you donate money to never call you after the truck in stars call you.

Yeah.

the elephant chess move.

The only thing that in discord back to when people talk about economic policy, and I told you like political intelisano said we we need to study yeah a little bit deeper, is like when we talk about deregulation, that's gonna help a guy like lian who has war chess of capital, right?

So when we see companies and we talk about mergers and acquisitions, this is the thing that they saying that we're going na see a lot more mergers and acquisitions where companies being but out of, out of of of the right and now they're being uh part of a larger entity. If this deregulation, we going to see a lot more that the expecting even now is going to be more IP s and right, right, I had we saw that during a pandemic, right, that microsoft was an inflight and we saw these. And the now cement is slow down.

IPO market is slow down. Some other companies that we thought we gonna IPO haven't, right, like when we talked about that, that is expected to pick up in twenty twenty five. But the merging and acquisition is gonna interesting. And who is now going to be acquired, right? Because what we've saw of the past four years that when a large company try to create emergency reposition proposition .

had some road blocks.

Here comes the road blocks. Here comes you're got to me in front of congress, here comes to delay or this is going to take five to six years yeah. If some of those barriers aren't in the way for large companies like microsoft, like apple, like an enva, you're going to see a lot more flow.

So like that part of IT, you we have to make sure that will focus on that. And like who who they have their ison, who they're working with is number one, right? Yeah, they're working with them.

They already have the relationship. But who's looking to apply? E .

yeah. Think also underway. The part of his is is is government tracts, three hundred government contracts last year awarded to space sex and tesla um just last year. So obviously, he's probably going to be able to whatever he wants to do what the united tes government and I think what the government is.

that is the number one spender.

Yes, number one, the number one spender. thanks. That that goes back to the hold D I conversation as well because the lot of these um government agencies have programmed in place for minority business women in minority business owner people. We've done ourself for um uh episode about IT, but most assure is that the government spends money with private businesses. They spend more money with private businesses in anybody in the world. So they spend a lot of money with ellam on a test side on the um space going to I mean grow, right you we locked in way more government can to be that pretty much be run in the government allegedly.

I mean you you assume that that when they would go up for. And the thing is like how do you stop in, right? Like if you don't have a ort of congress, you don't how do you get in front of that to say, alright, we they have government contracts. He's working very close with the president yeah this private company .

what you and have you got Better like if you look at starling versus conchas, which company would you invest in? Space acts versus boning here to go save one of ships from boeing, his old and favorite from that. So like you, I was talking somebody on twitter this weekend.

You can be boy and protesters. You have to pick one like there. There are there are different trades. So like if you are long space sets in the future, you you are really saying in theory that just show show about and that space acts will be the new born foot for this era.

That's a to the situation. But IT all signs point to land in a lot more power, a lot more power, a lot more influence. And they, on S, C, C, remember, the S, C, C, try to investigate that is, is rumblings that C, C is .

gonna. So, like, great.

Then hopefully we can finally move up. Have supposed to.

So he will be held, be run his gunning where I first .

and what he just cross three hundred billion. Yeah.

yeah.

A very calculated decision that that he may um okay, before we go the next topic, I do want to say thank you to everybody that purchase a book on a preorder.

Yes um but I i've been .

in a lot of dms and so I just want to say I just want say again. I appreciate everyone I about the book. And at the offer you get choice, option book.

People kind of are losing how to actually get access to this. So if you go to, you deserve to be reach book, you deserve to be reach book that count on that landing page. IT gives you links to, like Barnes and nobles or amazon. You can buy a book from any of those links, but you go back to the landing after you buy a book, you go back to the landing page. And right after that, on a scroll ll, there's a form that a special bonus offer, right?

You entered your information, you entered your transaction code that like, so if you bored from amazon, transaction code is one seven six zero into that transaction call, into your email, into your name and then you will, you will be granted access so the stock options bull camp video that you can just download on your computer. So I know that people, some people had some problem with that, like a lot. D, M, so we have extended that offer for another day, right?

I want to mention that I has full opportunities actually get this on warning by the file cheated. And so that's been extended, but this is only for one day. So if you go to you deserve to be rich.

Book that com. If you buy a book, audio book included um you get free access to the sixty minute stock option book cap video, which goes over in detail. Had to set up and start trading .

stock options and shot everybody that actually did IT and D M. And said, you are already started trading.

They already, you know, they might have been a little confused, but if if you go to amazon and they might thought that amazon was going to send .

you the link.

this clarification is clarification. So is important if you interested the book alone, way worth the value. But when you add up, onus to me is a no brainer. Christmas time is coming so by three and give IT to you, your family. Okay, having .

that .

school.

TSM9月 is on .

a .

company that we've talked about the light。 And so today we broke the news this morning that um the U S. Has ordered T, S, M to help shipments to china of chips used in A I applications.

So the U. S. Government has directed taiwan we conducted to stop shipping advanced PS to chinese companies, chinese customers.

This order includes chips with designs of seven, eight miners or more advances, specifically those powered A I accelerators and GPU. So that's not a good thing, you would think. And as a result, the the stock is down eight dollars today.

So you know also a complicated issue because obviously china and taiwan have a very time relationship, but they're actually doing business with china um which is a lesson with himself. But the geopolitical risk of this escalating from taiwan being invaded by china, but even now having a disruption in in there customer based by the U S. Telling them what to do and night learning themselves products to china, that's interesting. So how is this gonna ay off tears on?

Well, they going to like video did and just make another ship to art work in china. I think this crazy part like this, there's already been a Mandate for this. I get IT, but if you are doing business with an arsenal sis and you stop supplying them, wouldn't they give china more reason to go in there anyway? So you already took what what I believe is my not and this stroke, I believe this territory is mine.

And now you're going to a Mandate that they stop supplying me with the chip. That is, well, T, S, M, you should hurry up and hopefully you notice coming you manufacturer chip that you can sell specifically for china with. Maybe that is a great tech or china can be a to dorter and six.

yeah. So that that this is an interesting, this is interest, because not only does this affect, but this is the first entire.

so right, this disrupts .

supply in the first idea. Was that, right? Less figure out a trip that we can sell as not seven and meters, which means five, three and awesome companies that working down the two yeah the five we spoke about, M, D uses the three is what and video is down to using broken as at five as well in in terms and me but IT also brings up this this company that I know we put the desertification on. But IT IT does raise a question about, because like this, for some reason, if you look at the chess act, and I know they said that they were going to do a way we did. And then I was like, no, I know we said IT, but we party not gone to do IT, the largest receiver of of capital from that chip jack in intel.

What a bad investment.

Think about that. But U. S. Company, right?

That is going .

to have boundary. They are they're not making there might be making seven years as yeah right or they might just be in the process. And so he starts to open up the door for american semi um conductors um and so now i'm looking at a micron a little bit differently. I I already loved IT, but now I might .

like IT even also talks .

about how fast the infrastructure can be built in arizona. How is T, S, M. Plant, right? Because if that invasion happens, I know they said twenty, twenty seven IT will be ready.

And almost, I think they're up to eight billion dollar a calls for us. now. Twenty twenty seven might be too far, not x up to have a little bit faster.

But even still, that doesn't do away with I mean, that helps in terms of invasion from china, but he still doesn't IT knocks out a market like china is a market you need. You need that market, right? Is a lot of economy.

In the next twenty years, we see IT been the number one economy world. You need that base. So they they gotto figure the cell. Um this is this is interesting news IT. I'm not alarmed yet, but we definitely have to monitor this situation very, very closely because of the supply issue, supply chain issue that IT affects if something happened to .

that company yeah I do you want to see what the responses gone to be? Um even more greatest mistake in some other campaign happen over the last three months. But if you take away the contract, can tear them to china and trying give up to. Boy, you a lot for .

a reason, right?

Like it's gonna to go somewhere else til the money back and let them get as to in video or AMD. Um this may be one of the worst investments of all time. Imagine that he has been us.

The government gave us all this money, and they went to enter the scrutiny. Your face want again to as he number two thousand. No one wants opinion too.

Such H, Q, like you. You've lost this race. yeah. Is I believe what that this happened but yet um t asm their planes on, they need to find some chinese workers moving into air on a so that plan faster before we have all that war in twenty twenty seven o so that the .

preliminary Green with the government is for eight point five billion and grants, right? And if you have ever been a college or you just leave high school, you know, money that you you don't pay that, yes, eight point five billion in grants .

and up to eleven billion in loans have come .

that well IT will trump repeal .

IT the trip? Yeah, well, the first news is that they were like he was running on this campaign, right? And even response speaker Johnson was saying that this is something that we're onna get rid of and then the day after the election, change this to yeah what on Better, Better of evidence we're probably not not gonna that we're talking .

that yeah you should repeal given the money into that to .

make a amErica great yeah you try to advance in the race for air this you repair IT doesn't .

a few sectors that we are still dominant, and this is really a race of us versus china, is what this is mean that we cannot lose this piece on the judge board. We can not. So that's been so ticket about the government. Give the money to.

for sure I well will monitor the situation, but what i'll further do is bring up on our team. yes.

Ledge himself.

He is .

rather you .

know been a good .

day good day for A A good week for A A crypto guy. There's no that about that um we saw each each other right before the election and you know I was lean in the other way in terms of who I wanted to be president, but I knew I was kind of hedged in that of trump, one he was gonna great for trip to.

And you know the market believes we have four years of regulatory perforator, uh regulatory perforator for those who don't go to share percutaenous at place in between heaven and have IT was miserable. And while I was started to change in the democrats, if Harris said one, we're gona change. IT truck seize done the idea that the crypto guys care about freedom and he could kind of get the crypto brows on a side and leaned in and his cabinet is filled with people that love cyp du.

Uh and in some ways, now every institution is going to need to participate. And so we've gone from sixty six right before the election to eighty six right now. Yeah um on bitcoin next stops one hundred k but even more importantly than the short term Price, you're gonna start saying big investments made and so companies like hours are stocks got you know from sixteen to twenty seven um not at what queen bases up yet. Know all the cypher companies and there's not a lot of supply yet in in equities.

Well, jump right into IT, but far most thank .

you for join .

us pressure.

Oh good, so good. I I could understand. All right so my no regrets. Uh, very accomplished. Had fund manager, investor, entrepreneur, coin billionaire.

So I I heard bit one billion and I started smile.

And then I allot IT. So are we? You can hear us now OK.

yeah. Big, big coin billion at you. You, you, you embrace that.

You know, I was lucky enough to become a billionaire, like in two thousand and seven, I was at fortress. And so OK make a lot of money in bittle was little easier for me, because when I first bought IT, I bought a lot, right? If you have a lot of money, you know, IT wasn't a lot in percentage terms but was lot notes.

And this is one of the I mean, I bought bitcoin at ninety eight dollars and I bought a lot of IT. Uh, and it's one of the few assets we get guys that are billionaire that lately I know I know guys that's worth s like four billion in his total spend on bickle was twenty five thousand. He just .

never sold any there.

There's never been an asset in my lifetime where if you got in early and you held you just made you know stupid amount of money. And so yeah, this has been a very good week for people that have big stacks, a bitcoin a and you know there are a lot of them.

So where where we had IT, I know you know even when we spoke at your park, as you talked about like and potentially years on alone, five hundred thousand, right? right? That's always been a magical thing of like how far can be going really go. So now that we have try.

yes, a great question. I think he can now start fulfilling those things, not right away. But you know if gold is now a seventeen trillion dollar asset, right? Bitcoin at and eighty six is a one point seven trillion of asset.

So that would be eight sixty. Yeah, eight hundred sixty k would make IT gold and a big coins go on higher. Gold go on higher. And so that's how you can get to a million, you know, over five years as Young people, you know, and hear money from their their grandparents, who are all gna start dying off in.

One of the big things that crypt has got going for IT is the old people are onna die, and the old people all the money, right? The baby boomers are by far the wealthiest generation in the history of our country, in the history of the world. And as they start, no passing on, I said this about, you know, cHardy monger, who love to be late nineties for most men, died seventy six. If they're lucky, you go to the midday eighties, uh, as they pass on and that kid, that money comes to their family, the kids are much more likely to buy crypto. And the rampant .

when we talk about what .

we've seen over the past week in, again, we saw each other right before the election. So this is very interestingly. The growth has been incredible, right at over eighty four thousand for the first time in history.

What about trump being president? When we talk about policy and regulation, what specific things have elevated for the the person who is that way? This thing has got wise.

I don't want to yeah. So first of all, he is already said he won't sell any of the bit coin that the government or owns, which is about twenty billion dollars. So that's a lot of supply. It's not gna hit the market. So that's one.

Two is in much more importantly, he's gonna pick ahead of the S, C C, ahead of the C F D C, ahead of the F, D I C, ahead of the O C C regulates banks and ahead of the fed and ahead of the treasury. People that like bitcoin, that like crypt a, that like digital asset, and see this is part of a america's s future. And so people make policy, right?

The head of the S C C determines who he wants to go after. My guesses. A lot of the regulatory headaches that my firm has had and the industry has had are gonna go away in this new regime.

Um you know it's not like it's going to be a free for all. They'll have some rules and congress will pass really quickly, I think pretty liberal rules around token issuance and around stable coins. And then we're often run in then we don't need to go to washington to to complain right now, it's up to the crypto community to build an industry.

For the last time you hear market mondays, I appreciate you was around the time I call because I go to twenty thousand and now that eighty six, can you talk to the audience tonight about the importance of holding even through motus times and how that gives you the world that we really want, even though trading maybe looked at as as an alternative to beg to in wealthy. He's trust the importance of how important that is worth a whole four, five or ten unior .

period yeah listen, there are some investments uh, that you want to hold for a long period of time because it's really hard to be a great market timer. And lets do this math, let's assume you made ten thousand dollars when big went went up to twenty five thousand and years solder and then IT came down to seventeen thousand and you bought IT back.

Well, you're paying attacks on that first piece yeah in the dependence where you live in what state it's anywhere between twenty five and fifty percent tax is you're going in the pain uh, if in short term or long term IT changes. So all those profits get cut half and then you you let's say you buy IT at the right level again and you ride IT up and you sell IT, you got to pay tax again. And if you miss buying at the next time, you might never buy again yeah and so again, there are some things you know and I would say encrypt a lot of the shit coins you bought, tom, they wrote up real fast.

I say, take your money and never go back and kiss that girlfriend again. Beauty luck, you got lucky in shabi u or some other mean coin. Take your profits and never never go back in that thing again, right? Because that's a little bit of just been lucky in at the right place at the right time.

And haven't somebody the core assets, ency pta, which would really be at this point, bitcoin A C. And so yeah, you want to hold those? I don't know that will.

But I can see so long ago from two ten to fifty, the old high in next thing and notes, where could be talk in eight hundred? You may like wise, but because people going to say what I should have, the long to be the same as a theoria. And and institutions want to do more than just buy bitcoin.

And so I would focus on those three as holds. And if you want to trade and you know the be careful with all the chatter on twitter, on on podcast of, oh, I got the new hot coin, you like you can go and make some money on those things. But I I was looking back on my I ve been really crypt out since two thousand and thirteen, but really since since two thousand and sixteen where all the new coins came out, there is not one sale I have made outside the bitcoin of theory salona.

So bin, if you're going to do any other tokens, I would kind of say uni swap and alv would be the next couple. But broadly, when you start going down the line with I don't care it's a poke dot or a navia lange or A U name of a man coin. Uh, they have their moment and it's very hard for them to sustain a community because while the communities got a vested interest to bring more people in, you know they they need a narrative and they need something that starting to work and we just don't have enough of that encrypt.

And so what you see is something like cardona was really exciting a few years back in every year. It's less exciting. Yeah and so if you look at bitlis verse on, you look like a fool for having loved your cardono bags, right?

If you had sold that about bitcoin, take your loss and moving in. The bitcoin made a lot of money. And so I would always use an encrypted. That you can start the more bit you can own over time.

I really do believe unless the government has a wild about face, not just starts, but globally, bitcoin Prices are going to be a lot higher five years now. And so you're trading profit. You should then store in bitcoin, but like, you should lead your bitcoin alone.

What do you think in three years? Three hundred thousand? Two fifty?

Yeah, listen, pends. If trump does what trump always does, which is spend, spend, spend and borrow, borrow, borrow. A, we had work gna be at two, fifty, three hundred.

Yes, if there is a miracle in elan, musk come and says, we need to fix this deficit. We need to cut government spending. We need to, there's Colin. Economy starts growing at six percent a year, five percent year, and and we bring the deficit down. Bitcoins are going to grow up a lot of flower, and IT might even go .

down a little bit OK.

But again, if you look like what someone is done in the past, and this is both democrats and republicans, you know they're getting elected by being populists. Populists promise the world to citizens. And what complicated about the world right now is like this election that Harris lost was the first time in one hundred and forty years that every major in combat party, every major party that was in power in the globe, lost in the same year. I, in japan, in india, in in, they all had a setback in .

in germany.

right? People around the world are saying we don't like the way the country is doing our country. And we have said that in the u ty. 8 of people that fall were happy with the and so here is had a big up pill battle like triple have one now。 And so so people are trying .

to give more .

benefits, you know, more tax cuts to the broad masses. And even with that, it's not helping, you know. So it's it's a very complicated uh, boat to to navigate through the swamp air and like we will see how they do. I'm i'm praying they do well.

You brought up car down as so I just want to go back there just by, said Charles hax, the fond of corda, the chain, he announce that he's going be working with the trumpet team to establish gypt .

policy regulation.

This a chance that he could become the, you know, the the crypt al group for for the the the the team. Some thinking, obviously, what we saw, what happened with elan and completely different situations. But staying close to the the administration, the benefits that is appetiser, is there an opportunity therefore car down a to see some up tickets? IT has since the election, but to continue to see that uptake?

You know, I don't think so. I don't know, Charles well, um I don't know the protocol I just have followed for years and IT doesn't seem to do much and there they are always trying for new narrative. And so I was really smart for Charles to that.

I don't think the trump team is gonna k. Charles house and skin as their guy I get I I you know i'm not so close. I'm going down uh wednesday to to meet with Howard lta c whose the head of the transition team, i'm going to speak at his conference and i'll learn something from him. But my guess is with this, he's got a lot of smart cyp to people around him and i've never met smart cyp to person that had a big cardono bag.

You know .

retail guys did and listen, people made a lot of money in twenty twenty one yeah, but they haven't done well sense. But you know when you look at the other people that supported the trump campaign, the wind of brothers, uh the guys from a no two sharing his mix ilona guy, uh, none none of them are our cardono guys. And so I I be very surprised to say to say he he's my guy so but yeah .

after the audience .

will know what what do you thought exp and how you .

can go to do you know X R P has literally been stuck between .

the fifty to .

fifty eight. Um and I don't know what brad golden house in his team uh need to do to get IT to to get unstuck. Part of IT is that they sell a lot right to fund lots about the things.

And so they're there. They're buying good asset, but they've been selling a billion in H X R, P. Every six month, sometimes more.

That supply the the ecosystems that do the best have all the supply already distributed, right? Nobody owns more than a percent of bitcoin, right? Maybe there's a guy hood's two percent or something, but or or of the theory.

So there no giant concentrations where an X R P you rip labs. The company still loans, I think, roughly fifty percent of the total X R P S. And so that that and you see that with what happened with world coin, there's so much supply, uh, and it's hard to it's hard to rally through that supply.

Um the markets have gone smarter about IT. And so again, a theory um bitcoin sona already distributed, uh right? So there's not this giant distribution coming.

So two part question. You you you kind of .

mention .

that the deficit paraphrase is kind of good for a bitcoin Price, right? Like as long as we are own trillion of dollars, then that could i'm so much does the high inflation right? Which what does right?

One hundred person.

okay. So that okay, so that that's time to that. That's that's interesting.

If if if if trump gets the deficit to come way down and that to G, D, P starts coming down, well, that's really good thing. And then I think you'll see you'll see big coin not go is fast. I'm just sceptical that you know a president who you know ramp ed up the deficit last time when he was in pared before coffee is gonna see the light. And I think it's hard to because the only way you're really going to get the deficit down is cut. Medicare could cut through security.

And those are like really hard things politically to do with and how you onna cut up you're gonna means test so rich people can get you're gna take the age when one can retire from sixty five to sixty eight for some people seventies of people to have warning on you know that's that's that's that's hard medicine for people and but thinking about our budget, our budget is six point seven five trillion dollars right now. Fifty seven percent of IT is medical care, social security and interest payments. Yeah, then you saw the military and pride another close to twenty percent and you're at seventy five percent before you even start talking about, you know, so you have twenty five percent of the budget to deal with, uh, when you think you can make cuts and truth gonna cut taxes, not raise taxes. And so it's just hard to see where this deficit gonna collapse.

no. So what .

I want to say is that you for long time, so you know the vicious cycles of pullbacks and .

yet eclipsed .

all winters, right? Are you are are we added that phase? And this is a Normal investment cycle where we just have pull back. We don't have thirty, forty, seventy percent. We potentially see another plastic pull back.

I think we will go back below seventy two thousand uh, for the next eighteen months. I just don't think we will. We spend so much time in that, you know consolidate new die out. I think we measure ninety seven thousands, our next target, hundred thousand and then will we might get into a range between one hundred and eighty for a while before he goes up again but I if if you go back below the election day, some somewhat wrong yeah to get really nerve .

what what do you think I say one .

of the things that people probably watch this phenomenon for the past, proud six years, very closely. Maybe they got involved, maybe they did in, but the one of things that hold people out of the trust, so you brought up stable coins of C, U, S, uh, D, T, lead in a space. What are your thoughts around usc? T, and is there another stable coin on the rise that that can help bring or encourage that trust in .

this space for? Listen, so tether is know the dominant coin for a lot of reasons, right? Chinese movie money offshore people using IT for liquidity.

But ten doesn't share the interest difference between more treasury bills are and zero with anybody, right? It's one of the great businesses i've never seen. So the team that I won't either make a fortune um Howard latinic trumps head a transition is very involved with either.

He's facilitate thereby and selling treasuries. So it's a big business for him. So he's got a best of interest and keep in that that not alive alive a jermy alter with U S.

D. C. You know he's the U S. Base regulated stable coin. He keeps most of those problems himself. Uh, so he's fighting for for for his, you know, regulation. This is a nal security discussion right right now trip a stable coins owe about they're like the fifteen largest donor of treasury's in the world. We issue treasury's to fund our debt.

I would tell you, four years from now, they'll be the third or the fourth largest owner of treasury's in the world, right? And so if you are the sectary treasury who's responsible for funding this giant deficit, do you want someone who controls a trillion dollars maybe of treasuries to be regulated in the us? Are you want to be sitting in europe or mountain ago? Or you know who can always say, hey, i'm selling, right? I think I think you're going to see stable coin legislation that really favors the home turf because it's because it's national security.

Now that doesn't mean you can have for ownership, but i'm guessing everything could have to be here, the U. S. But I don't know. That's just my guess. Are two part for you are .

speaking the treasuries the band marketmen dancing twenty one, when do you think we recover? And then as far as debt to GDP, what do you think happens? First us going to one fifty, unfortunately, or drop into one hundred within the next, maybe five to seven years?

no. Fifty thousand doll question. Yes, list. I I pray we go down um you know how do you do that? You have to inflate away your deck quietly. That means running inflation and four percent, but not letting you go to ten percent or fifty. And so it's a really tRicky job that the next sector treasury and fed governor have um I don't I are playing the land that if you put a gun in my head one fifties more likely than one hundred um but i'm praying every night yeah literally is a good american that we get to a hundred.

Um you another question.

oh just on your thousand, when you thought the ban market overall recover something i've been talking about for a while, we've been down since twenty twenty one. Do you think there will ever be uptake .

um back in in T L T IT doesn't feel like going bonds is a smart idea, but everyone has that that that that idea. And already the old curve flattening, not depending with and bonds aren't selling off as much as we might have thought they would. And so there might be some volatility in the bomb market short term.

I don't see a lot of value in thirty years at four fifty. Yeah, I just don't with we we're gonna have to run inflation. And you know the commodity markets were telling me bitcoins telling me that inflation is more likely than not.

Yeah and so the days of zero percent inflation, I think, are over. Now where could I be wrong? You know, we get robots and AI that are so freaking out of this world that everything gets done at a lot cheaper Price that could uh IT could.

And so you got to have an open mind like A I is changing things so quickly and I really hasn't started. That's the crazy part. All of this stuff is being built now. yeah. So we really got ta look at as A I in five years and IT might scared the live and ship out of us just how cool of us.

What do you think? Salona, why? why? why? Lana, because you yeah entry or coins for the most part.

So why salona and what what do you say to people that are looking? They have not invest in big coin like is ninety thousand hours. I mean 我 怎么能 do not get when .

you bought IT at one hundred and and I went to ninety thousand， literally could have put ten thousand dollars and and and made made a fortune right now. I think you're not na you know you might buy IT at eighty six and I could get to one hundred and five years or ten years. That's a nice return five times your money but it's to put ten thousand dollars and you're getting fifty.

It's not ten thousand a million a salona has a little more upset because it's starting with a lower market cap a to become the next theory. Of course, it's processing more transactions and a dozen cheaper and it's a very official block chain um and it's got a story and it's got a big community around IT. Uh all of these blood still narratives because they're not being used enough in the real world for you and I to say, well, let's do a this kind of cash flow model on this day, right? What we're saying is what's the story that i'm going to tell to get more people in this community？ And and I think.

Part of what happened with lots of the smaller ecosystems is the Young kids in the U. S. Want to sports betting, went to the southards, went to options, right? Remember what we have?

The crazy decision, two thousand and twenty one monster, you walk o rally and everything people were sit in home with extra cash from the government couldn't expend IT. And so the first crypto manias cycle in twenty one literally came from this retail hype cycle. And I think they'll be some of that this time, but a lot of it's going to be institution of money coming. And who's gonna ep IT simple sloped you know the old kiss keep IT simple, stupid so you're not going to get the pension found that says, hey, you know give me some of that you know dolge coin uh or or SHE but or or or or you know let me load up on pudgy .

penguins penguins.

When we talk about .

investing in in the space, obviously, we've seen the appreciation been incredible. The average person still may not have an account on coin days or has any idea what baLances is on how to use IT? Is a the big one etf the safest round to to to now investigate?

If so, my long shock IT just is right. You're just getting bitcoin, bitcoins, kind of the bell weather of this space. And so first step, the quality. T, F, is a great way to start.

No, I does the .

critter community care about essentialize ation anymore?

There's part of that that cares a tone about IT. The the crypto market doesn't care about IT. But there are people in the community, you know, uh ju man consensus are hate and over unit while that the whole life is around the centralization. And I I think you will see right with privacy, you know we might have already lost privacy and the sensitive ation matters for privacy. And you know it's just so you go through the airport now, you even you your passport .

because they .

would have your face yeah so well what privacy got they know who uh and so I it's it's a question that I think about all the time because half the reason I got into this thing was essentialize ation yeah I really believe in people's right to privacy um and so and you know we finally have these zero knowledge chains that are ready for prime time um and so a lot of the apps that can give you privacy right a body wants meet up to to you know guarantee is mortgage rent payment and the bank sends behave seven your baLance sheet I don't want to send you my baLance ship would you hurry i'll send you a note from my account that says， miss that has enough money to cover this yeah but that can all get big done through you know zero knowledge you know systems where IT says, hate you tell me and i'll give you a yes or no same thing with your drivers' license why and your drivers license do you need your address right?

You're a twenty one year old girl and some hacking bouncers looking and say, oh, you live down the room for me like SHE doesn't necessarily want to give her address sed to that guy, right? So there are so many both small things in big things uh, your your health records, you're voting, right? We should be voting on a block chain, but your privacy should be protected. Predation, your from land at your thirty two years old and your piano, his panic or, uh, you know, you know, whatever the, whatever the gate they want. You can do all that without giving your name.

My, thank you for your time. Before you leave though, I don't want to ask i'm related a question, experience theory question.

Yes, yes.

You wanted the richest people in the world, right? So maybe you can help us understand why all .

the billion is a building .

bunkers as they're weird. I am really like I I was not really in the world. I want to be here with my people and have a body.

jack. I would be screaming up at the guys were taken to set out, uh, like I there's i've seen this a few times. This idea that i'm so special, I just think, is bullshit. I I think the guys that building bonkers are weird and i'm going to .

leave IT that I thought .

you can .

go down a different .

road but the idea to buy the answer.

yeah, we've been looking for the attic for a few months now. He's been putting quiet. So wondering what what you thoughts around ACE.

Whatever .

that guy speaks, I listen. I think he is one of the first guys i've ever seen that's like beyond money. I think about the ta could launched anything in that a billion doors overnight and times in A B.

And he never cared about the money. He cared about helping orchestrate the system that can change all for the Better. And so I hold him on the Peter as the number one .

guy crypt on O K, O K, 麻烦 and a question for you， what is the democratic party need to do in the next election to be able to win given the show like and they faced and one yes.

I think unfortunate. It's expected they needed to be a little bit more common sense if they needed to get away from issues that people didn't care about, or at least the minority care about, but the broad part of the party didn't care about. They needed to do what they say they're gonna do, right?

H, we're the party of, you know, democracy, yet we had no primary. We don't want to have an eight, four old men and IT too long or eight, two year old man. And then we had no primary for heroes .

like speech.

And that dog don't hunt. Uh, worrying about trans athletes when eighty five percent of the country thanks you I you want to be to live a certain way. I'm OK with IT but it's not fair your competing in sports, uh, like, you know, again, where's the bulk of the country there? Like when we had how much protests like the same thing was a very, you know, complicated issue.

But IT turned out to feel like people are celebrating and protesting colleges, a terrorist group, uh, and that dog on hand either. And so the democrat have getting call caught up on the wrong issues. The right issues were complicated. anyway. How do we help the book? Seventy percent of americans.

I don't think the countries gone the right direction, and that's not easy, right? And so focusing on there, I got like josh, a pero who's in the center would have done so much Better if he had a shot because trump was not a great candidate, right? Trump, trump tapped into the democratic base. I can working people of amErica that .

search always .

pleasure.

Thank you.

So the news outlets, please don't clip up him saying their weird and make that a thing. You have a history of taking any please pull of .

publications please. Yes.

the place so dog on his commenter but I do one um .

I think it's gonna extreme concentration and um I don't know if the critical market cares about the centralization is to think I bought a couple years ago and I kept saying for those who were in those crypto, do you want to learn the powers that we have powerful? This is because if we can be honest, if I was on a bit coin in the serum giving these great games, I don't know of tesler in the video will be able to print a hundred two hundred gains in a year um but I think the two fifty projection of bitcoin bottle um giving the right here, right set of a economic circumstances I think we can get that's G D people probably be at one forty and that will be incredibly scared for the country.

Ah I think another case of follow money very likly if he's telling you that who who was meaning with the administration, right, right, right. Like if you followed that pipeline of what he's saying, who's there and what their holdings are, right? These are their entries.

They going make sure that the interests are first informal before anybody. We're going to make sure that our interests are are, are first to bed. So follow an nap. P that last piece about, but not being the most important, I guess you can't doesn't or face to the right, you be the next that is very follow, follow each trail. Each trail will leads you to the next one in the get to an answer of where you need to be.

So when he talks about so there's a reason there's a reason right when he's talking about bitcoin evasit for the reasons and he's been ninety eight is crazy um but there's a reason yeah follow money as well as the stable coins like that. I haven't heard anybody break down that and not a stable point did like that alone that information right there IT tells you a lot about how because we look at IT from a upstandin of can we trust IT if we put our money there, will our dollar be at our dollar tomorrow? Will a double right three month? I will still be a dollar. And how that plays out internationally? Very interesting .

also to be has no matter who's an office shot to you, mega boy, to keep message me listen, I did incredibly well on the trap. I called a lot great Prices under that administration given volatility. Um you your portfolio has to perform well regardless. I member twenty sixteen um i've come a dead night as election like he is like regardless of who's an office used to have the produces in hand to figure out what sectors are gonna well sticks your plan help people you be a OK we are entering some tRicky times what is dead for sure um I mean you can hear in the sentiment we'll probably get a one fifty that's GDP maybe in five years which is in saying to think about next beautiful of you wanna it's crazy to think the dead can be that high when I can left officers I think this g appeals about .

eighty eight eighty nine that would fear well in the ARM his theses of as long as the deck continues to grow, pick coin goes up but then .

gold will go.

不错 if that continues because there's another edge for yeah inflation。 I was just .

watching a try is interesting like since the election go actually trying IT down which is adversity that the long term they should, right, based on what he's a long term will should become.

Yeah, yeah, mike know he's a very in thousand god. He's very smart person and he's one the british people in the world. So yes, no, what is talking about?

Hard to argue with .

those results. They add yeah.

Can you, you to play was my favorite number last week for you. Try to black.

You like black out energy. yeah. Yes, yes. chat. Maybe we can know. We gotta be a moment though. We can't just do this randomly specific moments, the kind rally of that kind of emotion.

So you took .

the .

jacket.

class room, class room. Yeah.

so so.

Oh my god, get good 的 所有 talk the topic .

on the next stocks that's some people and you um has been hit and recognize um what does the stock market go for me to I mean because of big coin like I .

keeps stressing us all investors are competing against each other names of where I think about twenty percent for the year。 Big coin can't have the return that is habit and S M P drugs. Um at some point there has to be restructuring of the S P I think um but the Marks only going to go up and if inflation is going to continue to run, the S P has to give a multiple what fashion is.

That's the formula. A inflation is six percent. The S M P S at least double that. Now the numbers of garden aconites ally passed that. But like the formula is index is that's why the bond market being that's why he said, if is that four percent, I don't want to hold a asset for twenty or thirty years in a four percent return, you gotta be that negative at that point um so the S N would do incredibly well. We hit numbers in the never thought we would hit this quickly, but is the greatest lesson that you were always learn.

You have to park your money into vehicles like, I was my way for a Price, but i'm like walking to get for, we can get out. I might hold this ship for a long period time. I know the short term gain seems sexy, but something is going to go wrong.

A tweet is going to go out. Legislation is gonna pass. But if you hold this for a long period time, you be k especially of four, five period.

This from a historical standpoint um over the past seventy five years. This is not like theory. This is actual facts.

Over the past seventy five years, we ve always talk about the best months to investing, the best month to invest in for the S M P. November average return is one point eight percent. yeah. The best month to a western in the doll is time. November in April, one point eight percent return .

add for money comes in march.

The the best month of investing in an as is january two point seven percent uh, and number two is november two point one person. So we talking about the major index is on average for the past seventy five years, november is the best past one. Yes, we saw there was an election.

So was like, this is expendable al growth, but it's on out for the course. It's on course with what the past seven, five years are shown. In fact, november, december and january. Do you know what the average return is for old months old to pass obvious?

Or how do we combine combine, I think, five and a hf percent.

six and a half percent, just little three months. So somebody, when should I get into the market? When should I open my broken age account? When should I start investing the best months of the county? Is november the best three months that you're going to see, november, december and genre historical over the past seventy five years?

And on the last point, you have new client coming into the fourth court. You think they want to bring lights, lose money like we told this if I invest, okay, if you guys were at investment and you invested the in that monday, how much to be up now? 嗯， i heard the criticism. What I don't hear often as the execution of if you bought the shit that we talk about, you have a whole nick cann and drum line of this tell you what to buy I August, september the market is down. The last court is gonna a run if I major money, please put yes and chat and .

and um speaking to that market calendars on november twenty five special show leading up to thanksgiving, we will be doing something for black friday stay too. But um is something that we've never done before. I just say that and it's a jointly combined situations question. November twenty, the market one days before black friday stay to arche countries, watch watch the show cause is a limited is can be a limited type tank, so in real time, happening in real time, watch the show.

Yeah situation.

No, no. But if you use up six percent stake, 你 哪里 的 IT will have .

a some Christmas so I .

think is another fed， uh, crazy that .

you got nothing that that we .

didn't get about. But his prediction also before before the election, our own office still stands, was that he thought that if Harris won the stock, mark was one, go down, I will come back up. He thought of truth one, the stock market was going go up long, go down.

So IT IT fulfill the first part of their prophet. Y where is going up? But now we have to see if the second part of profit is true. Where is actually going to go down?

On a special show, I have numbers. Market of force.

no. Dow, six percent. S, M, P, F, five percent. So six, six five.

I will think think that I wasn't another six time to that. Um but for everyone, listen now I want to keep saying this. We are investing in the companies that moves the GDP of the country. There is no room for the ninth best thing or things that used to be great and fell off is and we gave .

you in the etf little last week. You want.

invest the best companies.

Here's T, F. You can use. Yes.

please execute. And I always say this, this wealth get this next four to five years. Why do they never these orange go to west orange said day, what .

southeast orange .

for real rays jersey don't even look like the jersey also. Three, what he does work .

three hundred billion with no, no signs of slowing down.

Then he'll be here be the first announced american trade for sure i'm telling what starling go public stalling may be the greatest start up in the history of our country. Now we have another natural disaster. The government is going to be forced to pay when to put satellite across the country.

Um broadband access is like I mean like a satellite access is gone to need for sure. Yeah and he says, bones, fucking starship, that failed. He maybe even tell, but the boy smile, I thought, you want to this White.

like.

hold you boy who who I know his daddy profit from a part. I know, I know you. The kid is clever. You got ta give IT all. You got to give IT.

All the fans .

are just a no business government. S, listen, I didn't say anything about this election. I said I see the low because for those you don't know, he stole the oculus idea from the lucky, from andy, right? So now the lucky is still mad at him. I thought a little parenting team of us here, oh, business, government, A I data play. No, you back to the consumer market .

and you talk about so even when I was the same, how do we cut spending? The one way said I was like, if we have A, I really efficiently take us and at scale that cut cause you talking about defense spending instead of flying planes and missiles and takes got cut .

spending .

maybe maybe not because it's like those .

things are going cost a lot of money, especially in the beginning stages and then the bureaucracy to actually get that. So maybe, maybe not. I might even be more you know how much just one of these high profile like the supercomputer, one of those like so it's going be difficult. I think that's what he was saying. There is no way, and we talked about like .

our life and is going be difficult so you can cut entitlements. It'll destroy part of the country they already want to move retirement age about seeing some things are ready for some people that would like former economist, that there may not be a retirement age one point and fifteen years close. So security run dry pensions. So yeah.

I think what you think is great, right? Like the cap acts to get that off the .

ground is gonna the company a lot.

a lot of money, 对。 But after with that, in the the short term, long term IT becomes IT becomes more efficient.

But then IT also gives more competitive too. With that helps this. There is always the competition helps pricing you like the first like iphone now is hospital than thought that I I got cheap red therefore ally, yeah twenty years right? Yeah right now we should be able to get iphone four hundred dollars so easy to make the mass produce. But now the iphone is, there are five hundred thousand.

So theoretically, you, my eye, this going go now, now technology, you actually increase the television now in five thousand years for television.

But so but here's a thing is that the only phone is used, though very like in china.

and five most of the time so like competition .

will evening yeah .

I I will say that for sure. Keep your eyes on that business to government A I drone race that the keep saying if tech is the new headphone, what's new heads on the drum and data play the data play. We're not even war, trust me.

So no, it's not. That's why ella can become so more, even more of is satellite this technology space ex in all these different things that he has work that only going? Here's my iron think.

I think that without history, if history is any indicator, we civilization and i've only spent more and more, more and more and more on on war, right? Like from one room was fighting to when you know, greece to the first world war to is never going down. Spending as technology has produced yeah the Price of these things have advanced, is what the sphere was free.

You just have to make IT right in the machine going came. Then the atomic bomb came, within the missile came. So I just think we just going keep money. I don't one .

of our greatest G, D. P. drivers.

And is the guarantee do our human history has .

never been a time in human .

history that so I .

know how we going to .

do IT yeah how to cut the I don't have tax .

in every american sixty percent .

that happened .

in the friends and everyone's leaving.

just .

create a sectary about .

IT was gonna be this is is like a man movie but for is.

well.

play just .

close the money. Close to money so this day, yeah for sure so if he saying that he's not just saying, if no reason .

you on the shot at six six .

million well, that this .

was probably this last week is a happy I think .

six my beyond said.

yeah, you may made IT actually be this this week yeah .

I feel like when we spoke from last time, when is dirty we said that so. now.

Charles c. Nh, I didn't need you to send what you said.

but he won't forget .

money. You you know right? please. Yeah, all my god, me like tell you my .

so .

if you have to start all over today, what would you do as far as so if you try to get on the wealth journey.

it's a great question. Um is more competitive than ever investments that is easy um V O V T R apple microsoft if you're not feeling apple was swap out for gn video but business was I think is a lot more competitive. But the main thing is to master one thing is a great like Michael concentrated into critter.

Michael sailor critter mean best you guys media and you explain into investment, right? Like you have to concentrate on one thing that's always going to work until IT in the time are the best ball baseball players get the biggest contracts, best investors get paid the most. Um but I would focus I offer sure because of inflation.

I think even say is a red pad maybe about two months as a man is ready to put forty percent of money into the market. Now we don't have an option. You as an ospital the first four years and you trying to figure IT out you're not gonna outsmart or bit going on video or I bit or castle on this run or illi or blocky is not gonna.

It's not gonna happen. You have to put your money into assets. They're gonna make more money than you are and put them in a Better entrepreneurs are for sure.

The rich get richer.

Yes.

the rich get richer about a poor, poor for sure.

What different? Yes.

you got microelectrodes currently.

You got ta figure out how to start you know a business because to be honest, what you has no job security anymore at all and you know head into the next twenty years is going to be a situation where if you don't have IT is not gonna is not gonna en for you because the gap is going become so like the value of money is just can decrease so much, you see that is going become a training. But this going be at least five year they said over next ten years, me, five people on on paper, on paper. yeah.

They have networks .

over two hundred years. IT took a hundred and eight years for one company to reach, want probably created company to reach train dollars, and now about to have party ten trying dollar companies. In the next five years, the value money is is decorous, not doesn't matter IT doesn't mean the same of doing, doing about to be a new hundred and million there, a new hundred millions. Remember the first I give this is .

point .

sixty .

five this .

year, many .

years.

if you, if you know, if if, if may not be difficult, is not be difficult, you going to have to but like you said, is overly investing on being intelligent, maximizing gains, saving your money. Haven't haven't revenue come in consistently um low overhead.

You you got ta have multiple source of income right right? In two thousand seventeen, I had a Scotti account. This is no joke.

This is like people, if you invest in that time, you have to pay seven dollars and make a try. You have to pay another seven dollars. I don't have capital right to really make substantial gains in two thousand seventeen.

We were up all night ency pto. I didn't sleep, so we didn't sleep. We're trying to figure this thing out.

We're learning study.

We hold the meanings that we was all there. And I think we came to up on one day. We just like we not leave.

So we figured out we need to figure out how to get a call. We need to figure out what these hard while is cold, well, so we need to figure this thing out. We was there.

We didn't have the same amount capital, right? So is a difference for was different. Now we started a business, started business now you have more income.

Now you can invest more. That is the key, right? Like investing. I so everybody like we see people in public.

They like go, if you had to stop doing everything else, would you be okay? Yes, you have a we have a skill set, right? And as long as the american economy doesn't figure out how to crush the market on a long term basis will be okay.

Yeah, did the skills set. But as long as we have businesses and we long we have income coming in, that we can now put into a broken age, well, we going to be fine. You gotto have income that you put into an account .

to my best, is the only way you are. The most powful skill, says july are going to be talked about public ly um but only years they tell people 不能 乱 靠 你。 And now long language models in and is over.

Wait for coding is over. I hate to say yes, he used to get a job in coding. Yes, can you still make a million dollars a year? And children over is over. what?

So still good jobs and jobs. okay?

Yeah, no one with job. But i'm but if now you can pay one fifty, but all the houses cost seven hundred thousand.

A lot of people in the .

seven thousand years for a two bedroom. And this i'm like, what it's like.

okay, cousin is getting ridiculous. Yes, really ridiculous. Yes.

we thought about that is going to good on the truck is going to bad. And him.

entry for. Let's be real, not gonna do well um yes, bruno able energy, I don't see especially with the lobbying power this severan in uh exxon has in combination with him not like a sex anywhere want do well. Small banks done for won't do well. Smaller regional, yeah smaller.

Regional banks gone to be tough going na be tough. What if attack .

industry?

The one's .

outside of the top one is gonna tough. I feel bad for a company like the ones that get hit with inflation and tell like a zile. I don't know how to recover, mick, I know how to I don't know how to recover, don't know.

I hope you get all the points. And what I have been real though, don't know how they recover. Some of those that is that happen in um and four years ago, a inflation doubles cost.

The goods are growing up and people have blessing to spin while companies are higher and less. Everything is a return getting even if you come down to the presidency in an election he really won off of, i'm gonna have more money in your packets. Every company is going to to find a way to give a return .

who which which countries I I I mean I I think china comes to the the the the front of mind when you think about tips. But yeah I I real shot that that affects the technology, specially A I duct economy. If terrors to be .

in place, do you think they'll .

go to with that IT would .

be a mistake. There may be sector based terrorists, but the plan that he initially talked about at a cripple the country, we can afford our dead now if we have that to GDP with seven, five, and we were in a leverage position. But can we put a bunch of tears on our financial pair? Well, I like my mom high school.

The person who paid the bills make the rules. Yeah, we can go to because then at some point you are committing an act of war that will upset them. Because everyone who says this won't happen.

War is not always rational. Every leader that we have is not a rational thinker to have one office. That would this going to be office? Not always rational. If you put the tails too high, you've got a forced them to go get time. One time .

you can .

afford, can afford.

We sport, even outside attack. After the election, we saw e commerce, international e commerce. So this is another space that tips are going to event.

So and we talk about meli. We love melly. M E L. I take A, I mean, these are spaces that that type of talk affects just .

going to have .

an impact on you. Could they they actually had A A draw down after the election because of this idea of having terrorism on international commerce.

And if amazon doesn't improve that profit margin, they have some idea what after the election. But if they don't improve their profit margins can hurt them. Like the companies like for tough, you are going to a have a tough time is going be tough yeah automated .

automated company companies in general.

Yes.

is which is iran? That's interesting, but not been very big one, not really pushing the renewable energy and electric cars and all that. So that would negatives.

Affect have .

to from that about .

we can need more stations we need yeah .

yeah you know and we spoke about .

this a bill .

gates um in terms of AI and technology in its impact. Ah what you join the world article about check member that company. Yes, education on my platform put pull that this is how disruptive A I can be. This is an online education platform that people .

used to go to kids.

They are down ninety nine .

percent .

ninety nine per of during the pandemic. Then zoom, we saw them right, because IT was, who were home, who's going to be a to her? Who's going to help us? What I were A R tragic t specifically has come in.

And now that is your kids to her, that is where you're going for help lead. That stock has dropped ninety nine percent. Tell tele sign of what A I can is what I can do to an industry.

And at one time, people consider this like a top five of stock in that space for the next two, four years. And now they're under two box.

I read, I can believe that I can. I was like, wall.

yeah. And also, if they plan to this man to the department, education, most institutional or educational platforms, gonna to a trouble there.

yeah.

that this .

reform that is happening.

then we get a short check at a dollar eighty cheese.

Is that bad? That is crazy. Is that bad?

So the point to the market, if you say you can do, I understand, four years ago, fast, things can cause able, four years, some people even still going go up. And another fifty percent, I can see in the major cities, I can see IT. Do you just think over the last eight years, how much of more expensive .

housing got b 站？

In the national orbital.

he tell you.

tell me I will run a mexico too. Could judge raven in Prices up too? Got to.

got to afternoon for you.

What .

cover?

No, I thought to perform some black, we water energy for you, please. Wednesday.

never know what to expect.

but they said, no.

no, thanks. 嗯。

Is that .

no anything .

is possible, as you know, that's my mean.

And amErica was boto .

entertained amErica once on. We can .

get you get to .

making the band .

set the demotion.

You so right? Oh, man, I okay. Well, think that was a very educational to the point.

And so spoke mike. No, gres great insight on crypto currency and bitcoin. Very valuable. You can take advantage, got a execute.

please do. How much money do you think people outside on one, if they started with less a twenty grand and eight years tests and last four years they started.

at which point. But I I stopped in quite far. I really .

is lost the games. Girl.

even if you move .

to a new place, someone of the .

are the losses.

Facts, they want to six month of eight men. The economy is gonna get tighter. And title.

yeah you can base .

not only the same true 你 穷 那个 birth to be short.

因为我 懂 facts.

right? Oh, do you have a place in tlees get black out this wednesday and o'clock going to earn alysia at nine o'clock thursday, we will be talking about the gun. Apply in four detail where stay at about home international arbiters have shocked a bars on gona.

Have the guys ghana on? If you've been interested in, you see us post about ghana. There is that we can give the full explanation.

We're going to break IT down. We going to give you the game and that's important. That's vitally important for sure.

Get the book. You is also to be rich book 点 com offer still running black friday。 We have something that we're going to do won't be announcing IT the monday before black friday stay.

Do a stock look at this wednesday check telegram um go to in investor com if you want to get rich in the market, never have to guess where to get in. Should take two new million rep anda i'm proud you and tony to black out this wednesday oh, in starker Prices will be next week as well.

And then also the university, we have a .

call this first day.

seven o'clock right before the episode seven oclock. We're got to call for earnings um a state planning one on one uh with my dad and a few other people um that's going to be on that. So a state planning one of one, wills, trust, life insurance, all that type stuff there is they at seven o'clock and shelter White, I came to the world university.

Meet up. Great bs will be doing different cities throughout the course the next year. So uh, our bother, we going head back to our house is now in that information soon. So stay tone for that. But myself, I will be .

coming. 我 来 的。

We cannot leave uh, this episode and I need everybody to go do me a favor. Um somebody is very important to the E Y L. Eagle system. IT is ABS birthday this week. I want, without huge chappy birthday to the Youngest in charge one of the hardest work and do es one of the .

most concern be twenty four.

He got S, C, gb, be twenty eight and logo OK, yeah. But his maturity goes beyond those years. So I went to wish him a happy birthday .

is incredible journey.

watching him from a ten year old, nine year old today that now been incredible. So happy birthday.

yeah. People going, please go check your people .

and he gona kill me if I have his birthday as well. They am happy birthday dance. Great day is latest week, man. Shout out to Vincent. If you've ever .

been around Vincent.

this is an experience.

Happy .

birthday.

I got bless. Stay safe for the congratulations to Christian also on the season.

Yes.

yeah, I was. I was going .

to end with that. They have finished up four sports. We had IT into winter sports now, basketball and valley ball, whatever, all the sports.

And so thanks is time. Yeah, yeah, yeah. Time he .

finished up football season in me yesterday. They lost well once again to go. They had a chance when they did first anyone face the season eight and one um is a shout to everybody, shout to you for point up. Bunch of people came out support .

through out the .

season lost but okay, but you learn a lot in the resilience .

and .

determination we have .

to do yeah yeah so sometimes you can learn with a version few years .

and three .

and I said.

but .

yeah, first year was gone. Be a five country season yeah and he was below far country. I said second year he going to be in the top of the conference by year three. He going .

on to for the first one was ridiculous. wrong. Yes, they want two games.

They were four games. They were two games. They were four games. They want, they want two years. They were four games.

They want four games. I quickly made .

up the second one. We can't really quantify because the pack, what is .

the .

same stay .

when we had .

the .

conversation.

they in the park, where have I said that? And there was a couple of the people there, but and that the state is not everybody they were interpret. Well, I said you, I said USA was gonna be, have a Better season. What are they said? They were that, yeah.

they were four, eight first year.

They were four the first year, yeah, I said that the second compete for the championship for the conference. They so they got .

a chance to put in three. He actually .

didn't. So 不是。

不是 this .

said .

the first thirty， the thirty .

years they would be. I said .

he's gonna going to take over. Difficult, I said, is going to take his own recruiting class. You say you can get this to jump right away.

He didn't get a jump er right away was four four days. So I said is okay and not gonna to jump in right away. I said it's gonna him to get a record class in the, and then you can see some change.

It's tough for years 啊。 You for the car show, you say a people are.

don't I never .

said that that's spatola's to the door.

Anders and travel hunter, the .

shy travel .

stuff, right? I report that the giants package deal with a dion as the, as the coach.

And not a bad look, not a bad look.

Now I don't want any criticism when don does, with the men and family did, when they decided they listen, saying, egos not a market. I want you like to playing and they said, look, if you draft to me is not going on yeah so if the giants aren't the number one pig and IT ends up being the Browns and he's .

like we going to .

go to I want the same level understanding that was given so the man and family, when ella said, i'm not gonna see any ago and went to new york, obviously they want to championships. I want, want on to put the door in alarm light. I need to come.

New york is fan, watch fan. But new york deserves stars. We need stars, the door, the star we need, to my .

point, please.

very good. They are my life bigger, he said.

he said he .

can choose, if not.

Who for .

boating me? 那行， 哥哥， 我 代表 和 你。 是 鸭子。

Shock with me your .

bit point eighty seven oh my god.

got a barter and twenty thousand new black energy again this week, please.

Both are you to shame .

about some two for a bit 了？ You you about .

to get you my new campaign.

Love, love.

you will be good.