#Bitcoin: The Best Investment in Human History! w/ Anthony Scaramucci

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    chintai hi I’m R pal and welcome to my
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    next up was where I was interviewed by
    my good friend Anthony SC muchi much and
    I always have fun together it’s not that
    long an interview but it gives you
    another insight into how I’m thinking
    about things and how much is thinking
    about things I hope you find it useful
    I’ll see you afterwards join me Ral pal
    as I go on a journey of Discovery
    through the macro crypto and exponential
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    [Music]
    together back on speak up with a special
    Encore performance is Ralph Paul and I
    just told him
    backstage I don’t like bringing on the
    people that are better looking than me
    but you are backed by popular demand you
    have quite a demographic I think the
    demographic is not the my demographic R
    is like 75 to
    995 but your demographic is like 22 to
    50 so God bless you God bless you he’s
    the founder and CEO of global macro
    investor
    GMI now R you came on I was sitting in
    Sunny Hawaii February the 9th Bitcoin
    was at
    47,000 I thought I was a very happy
    camper at 47,000 but now if Bitcoin was
    477,000 I’d be crying in my soup okay
    Bitcoin is now as I’m talking to almost
    68,000 uh tell me what’s going to happen
    a lot has happened since February 9th
    let’s get right into what’s going to
    happen you you’ve been spot on and I
    will also point out you were the most
    popular most downloadable speak up with
    Anthony
    scaramucci well have no idea why it’s
    just the English accent that’s all it is
    it’s the looks I actually think it’s the
    looks say the looks and the smile um so
    listen what’s going on is the same story
    that’s been on for a while we are in
    the crypto macro spring to Summer
    transition that is when liquidity starts
    coming into the system happens to cor
    correspond with the US election cycle
    because obviously politicians can’t help
    but give out candy around election time
    yes of course it’s also the Bitcoin
    Haring time so Bitcoin harving um
    reduces the supply and then there was
    the ETF so basically we’ve got a perfect
    setup of liquidity plus new demand plus
    reduced Supply and so the rest of the
    year should play out the same way I mean
    I continue to be very bullish this year
    and very bullish for most of next year
    but but let me let me just I’m gonna
    play devil’s advocate for your second
    okay I’m I’m a
    newbie I am uh I lack understanding of
    Bitcoin I’m watching The Price
    movement and so I have a little bit of
    fomo but explain to me what is happening
    and then while you’re explaining to me
    what is happening explain to me what
    that what I have is a
    having
    so because Bitcoin is basically a share
    of a
    network the more people who join the
    network the more value goes up so as the
    ETF brings people in as people start
    fearing the
    governments and their deficits they
    start looking for different solutions
    one of the reasons gold has been
    rallying is is the
    same so what we’re seeing is this was
    the most successful launch of any ETF in
    all history which tells you it’s not
    just an an ETF it’s that the idea of
    Bitcoin itself is resonating with people
    they kind of know they’re getting
    screwed somewhere by the system and this
    feels like a way of getting higher
    returns with more volatility but it kind
    of saves them from what is going
    on so let’s assume that this is the
    largest ETF launch in history and a lot
    of newbies have come in well it’s
    happening at a magic time the magic time
    is what’s known as the Bitcoin harving
    so new Bitcoin comes onto the market via
    miners Bitcoin miners who undergo huge
    kind of mathematical
    calculations to produce a
    Bitcoin there is fixed number of
    Bitcoins that can be produced each year
    so it’s a competition to produce them so
    you need a lot of computing power and
    then every four years the algorithm of
    Bitcoin itself halves the number so if
    there were a 100 Bitcoin being produced
    by miners every day whatever the number
    is um right now after April 20th it goes
    to 50 so there’s more people coming into
    the market which is new
    demand and new Supply is shrinking so
    all the time the only Supply is really
    selling of Bitcoin who hold Bitcoin
    right now but bitcoin’s one of these
    weird assets where 80% of all holders
    just hoard it like you and I we just
    don’t do anything with it we just hold
    it and so there’s really only 20% that’s
    available for
    trading well I mean speak for yourself I
    stare at my Bitcoin once every five
    seconds just so you know okay and I and
    I’ve slowed it down from once every two
    and a half seconds but go ahead keep
    going you’re doing
    beautifully so that mechanism is driving
    the valuation up of Bitcoin over time
    now it also means that people start to
    see this asset going up because there’s
    less Supply and lots of demand and it
    joins more and more people because this
    asset is the best performing asset in
    all recorded human
    history Bitcoin itself has done 20
    million per since
    2012 it has
    produced
    150% annualized returns since
    2012 ethereum has done which is another
    crypto currency about
    170% and salana 190% or 200% so this
    asset is by far and away the greatest
    performing asset in all of
    humanity and that gets people’s
    attention obviously When people’s
    returns have been low and people can’t
    get out of the wealth trap they can’t
    afford their house is but I’m old but
    I’m BR I’m old I’m an old person this
    seems like a new thing I’m old I’m old
    how do you how do you know you know why
    you know Jamie Diamond tells me that
    this is a a decentralized pet rock or a
    Ponzi scheme so so go ahead you know
    like honestly like if you saw the viewer
    feedback for your presentation it was
    off the
    chore but when I looked granularly at
    what we’re doing at speak up I have a
    lot of people that are listening
    demographically do that do not get it
    and I’ve written a book about it I try
    to go out on the uh speaking circuit and
    evangelize about it um and I still feel
    like there’s a lip and a cup
    spread yeah before I can get people over
    the hump and I want you to help me I
    want you to I want you to explain it in
    a way where a rock hits somebody in the
    head and they have to go out tomorrow
    and get off of zero they have to not be
    zero exposure to bitcoin okay the real
    reason forget all of the complexity on
    of what this is and the technology
    forget all of
    that think of why most people have
    bought gold it’s to protect themselves
    from the action of central banks it has
    proven itself over several thousand
    years to be a way of having a store of
    value Bitcoin is that for a digital age
    okay most people know that story they
    don’t understand the other side of the
    story is why does nobody feel as wealthy
    as they thought they should be you know
    particularly if you’re a bit older
    you’re like why are my savings not as
    much as I thought they would be or I
    can’t afford as much right that’s the
    big conundrum and the fact is is that
    particularly since 2008 when we broke
    the world because of debt we have been
    using the printing of
    money to try to paper over the cracks
    because economic growth from an aging
    population is
    slower we don’t have much productivity
    because people are retiring and we’ve
    got too much debt so people have to
    service the debt so the central banks
    have been doing a bit of magic which is
    printing of money at one point it was
    called quantitative easing now they
    don’t do that as much anymore because
    everyone knows that game because that’s
    the money printer go Bur so what they do
    is they inject liquidity into the system
    whether through all these weird things
    you hear about like reverse repo Market
    stuff like that basically it’s to hide
    the printing of money putting into the
    system when you look at that on a
    globalized level because everybody’s
    doing it you’re debasing the level of f
    currency and what that means is your
    dollar today buys you less assets
    tomorrow now why do we buy
    assets we buy assets
    to save money for future consumption so
    if I were to buy gold today it’s because
    I want to release it in future and I
    want its pering power protector for it
    to go up now when you look at what’s
    happening with with the debasement of
    currency they’re debasing currency by
    about 8% on year on average amongst all
    the global central banks add in about 3
    to 4% Global inflation you have 12%
    hurdle rate on your assets before you
    actually make any money so your savings
    you need to be making eight um 12% now
    over the last since 2012 the S&P 500 has
    made 12%
    annualized the NASDAQ has made about 24%
    annualized so tech stocks have helped
    but crypto is the one that really
    offsets this and allows you to generat a
    lot of wealth so if you’re in your 50s
    like me or your 60s and you’re thinking
    I just don’t know if my retirement
    savings are
    enough then a small allocation to an
    asset that does 50% a year will compound
    massively and will help you in having
    purchasing power in your retirement
    because nobody wants to be broke when
    they’re 85 years old that’s everybody’s
    biggest fear okay so that that is
    brilliant and I want to say something to
    you that is exactly what
    people need to hear and Pompano said
    something this week which I’ll repeat on
    this show and I did his
    analysis uh since 2000
    January the US dollar has lost 22% of
    its purchasing power that’s been the
    impact of inflation so again just for
    viewers and listeners if I have a dollar
    in
    2020 it’s worth 78 cents today now
    however if I own ass ETS maybe they went
    up with inflation so the irony is I feel
    richer on a nominal basis this is the
    Sinister plot that’s pursued by the
    politicians because if I had
    $100,000 in
    1989 that’s like having $670,000 today
    Rob okay in terms of its purchasing
    power but if I have $670,000 it sounds
    like it’s more money and I’m richer
    right yeah but I’m not no I’m not so .7
    million I’m rich but it’s the same
    amount of money as being a millionaire
    34 35 that inflation is not the only
    that only captures a small part it’s the
    actual debasement of currency that makes
    assets look like they’re going up so the
    Venezuelan stock market if you ever see
    a chart looks like it goes vertical
    looks like the best performing stock
    market in the world right of course when
    you put it in venezuel and Bolivars it’s
    down
    90% right it’s because they’ve been
    devaluing the bolivard so let let let’s
    put the US Stock Market you don’t have
    to give me the exact number but I know
    you’re a macro guy so the US Stock
    Market in
    Bitcoin has done what down
    99.97% since
    2012 the NASDAQ
    99 yeah since 2012 not even since
    Bitcoin started right
    um every sing single asset on
    Earth versus Bitcoin since 2012 is down
    99.9% okay so so when when someone says
    it’s an inflation as just for viewers
    and listeners more context your dollar
    is worth 22%
    less Bitcoin has gone up 800 it’s gone
    up 8X since January of
    2020 and so this is the reason why
    people like R myself or ringing the bell
    on bitcoin let’s switch to the ETF for a
    second when the ETF came out there were
    pundit saying oh the ETF is priced in
    remember that someone said oh it’s
    priced in was it priced in none of us
    expected 10 billion dollar of demand in
    six weeks or whatever stupid number it
    was right okay it was but we kind of
    thought it might do it in a year because
    that’s what Golds did g uh GLD in its
    first year but it did it in a record
    short amount of time and it doesn’t seem
    to be slowing down so no it wasn’t
    priced in we didn’t realize how many
    Ordinary People raas and investors are
    starting to realize this issue that
    you’re talking about is I need something
    to protect me protect my wealth into the
    future and maybe make me money not just
    protect my savings but I want to make
    some money too and this does that as it
    says you know if you
    hold Bitcoin over a few years you can
    buy something like five times as much
    S&P 500 just in a few
    years so your purchasing power is going
    up dramatically every year you own it
    and that even takes into account the
    fact that it goes down every four years
    a significant amount over the long run
    doesn’t really matter let me let me ask
    you this because this is something that
    I’m I was dying to ask you last time
    they
    haven’t is that priced in because you’re
    right we didn’t have1 billion you had
    asked me on February 9th when you joined
    me on this show were we going to see1
    billion dollar in the first quarter of
    the Inception of Bitcoin I would have
    said absolutely not but the having we
    know the having is going from 900 coins
    a day that the network is producing down
    to 450
    so is the having which is going to come
    up 17 days from now 15 to 20 days from
    now is that
    pricing it’s so
    known but what is not priced in is the
    liquidity cycle that comes around the
    same time around election years as I
    mentioned before we get a lot of
    liquidity coming in and people don’t
    aren’t very good at forecasting that
    even though everyone knows about the
    harving nobody figures about liquidity
    so they kind of take current market
    conditions and say well you know if you
    remove the supply everything will be
    fine but what actually happens is
    because liquidity comes into the markets
    demand starts exploding at the same time
    as Supply and it always takes Everybody
    by surprise now it’s not a one day event
    it’s not like suddenly you wake up on
    the 20th of April and bitcoin’s up you
    know 50% it tends to kind of chop around
    that period because people are like well
    it’s in the price and then before you
    know by June bitcoin’s at 85 95,000
    something like that
    and then and then you’re off to the
    races and then everyone’s there’s more
    demand comes in because remember we
    talked before that as price goes up as
    number go up more people get involved
    right and there’s less Supply so it
    starts to get really reflexive so it
    kind of gets really squeezy and that
    goes on for a period of time you know
    some usually about a year and a half uh
    after the
    harving did we just experience our last
    bare Market in crypto or Bitcoin
    specifically or are there future bare
    markets coming there’s bare markets in
    all assets and this is just an asset and
    it’s a very reflexive asset so it tends
    to ere exaggerate the moves but the qu
    there is a good question within that is
    the severity of the downside markets
    that in Bitcoin were classically 80
    perish last one was 65 so it was less
    than
    others is that changed because of the
    ETF well obviously many of the ETF
    holders faced with their first round of
    vol volatility in the space will Panic
    out much like everybody else but that’s
    fine but I think there’s going to be a
    bunch of the millennial cohort who are
    going to put it in their
    401k and that’s every two week buying
    regardless so my guess is that it’ll
    dampen the volatility to the downside so
    next time around it won’t be down 85 it
    won’t be down 75 it won’t be down 65 but
    maybe it’s down 45 50 okay so like me
    though you’re not a Bitcoin maximalist
    and so for people out there that means
    that people like rul and I we love
    Bitcoin but we also see other Assets in
    the cryptocurrency space other digital
    assets that we think have use cases and
    utility and so one of those assets is
    layer one Technologies these are uh
    cryptocurrencies that they’re you know
    they’re working towards decentralization
    perhaps not as perfect as Bitcoin in
    terms of its decent centralization but
    they’re they’re assets where we can add
    a layer or smart contract on and we can
    create transactions and and and
    activity um so which ones of those do
    you like you mentioned some of them in
    uh yeah February but let’s go back to
    them and by the way you mentioned salana
    I stuck you with a price
    prediction uh and the salana has moved
    up a lot since you mentioned it so so
    tell me a little bit about these
    and the smart contracts and where are
    they going what’s the future R so think
    of a blockchain a lay on
    blockchain like the Bitcoin is a
    blockchain but it’s not used for much
    yet they’re building applications on it
    now but there’s other ones like ethereum
    is
    basically another layer to the internet
    that allows the
    transfer and storage of value whether
    it’s digital assets or even real world
    assets you can have contracts on chain
    stuff like this so that kind of sits on
    top of the internet and there’s a few
    variations of this one is the ethereum
    virtual machine which is ethereum
    cryptocurrency ethereum is your share
    and your payment system to use that
    Network right it’s just like a mobile
    phone network you might use T-Mobile
    okay great and you pay your bills to
    T-Mobile if you want to use
    um ethereum’s Network you pay using
    ethereum which is their native token
    okay pretty straightforward but there’s
    a couple of competing ones that are big
    the main competing one is
    salana so salana is a faster cheaper
    blockchain maybe less decentralized but
    certainly
    less less deep and Broad in the number
    of developers working on it number of
    applications but it’s rising up fast so
    is another system so you might find
    another 5G provider that’s not T-Mobile
    and you might want to use them instead
    and maybe they got different benefits
    then on top of that there’s another type
    of blockchain that’s coming up in the in
    the backr which is the move protocol
    which came out of Facebook DM and
    there’s a um a blockchain like sui UI
    which is another very fast very cheap
    but very in innovative
    blockchains so they all kind of allow
    different mechanisms what to use they’re
    like different computer systems where
    some have different benefits over others
    so there’s about four or five of these
    that are gaining traction sui earlier
    stage so that might be put with some of
    the other early ones out there but
    salano and ethereum are the kind of big
    daddies of this space that have been
    growing there’s lots of activity and
    being
    used okay so what’s going to happen to
    salana
    salana will outperform all cycle and
    it’s as simple as that why has salana
    been a better performing asset over time
    than eth or Bitcoin it’s because it’s
    newer when networks are new if it goes
    from two people to four people on the
    network that’s a doubling of the network
    with only two people right when you go
    from 50 million and add two people it’s
    not as much there it’s no growth right
    right so early stage networks when they
    start getting adoption go up a lot in
    price because don’t forget your token
    price goes up the more people use the
    network it’s as simple as that so it’s
    earlier
    stage and so it’s likely to go up if it
    follows the same kind of Paths of
    adoption that Bitcoin and ethereum got
    as well so it’s been outperforming all
    cycle and it should continue to
    outperform this cycle there’ll be other
    better performing ones because they’ll
    be even earlier stage right but of a big
    safer bet you know where you where you
    feel comfortable with your money where
    nothing’s going to go horribly wrong
    apart from the price goes up and down is
    going to be
    salana so it’s one of the winners so so
    we have six questions ready to go when
    you are and so I’m gonna fire out the
    six
    questions so this is Jamie from New
    Jersey and and a big fan of the show
    learning about Bitcoin I’m just learning
    about Bitcoin uh meme coins doge coins
    or dog coins what are the difference and
    is one better than the other see so this
    is the rudimentary stuff Ro yeah and
    this is a great from New Jersey So Jamie
    you hear me talk about something called
    dtfu or don’t this up and in your
    question is how to this up and how
    not to this up if you want to make
    some
    money in a in a understandable
    consistent way you have Bitcoin it goes
    up around 150% a year even taking into
    account the bare markets over time right
    that is the best performing asset you’ve
    ever had in your portfolio so you should
    be delighted memecoins and dog coins all
    of this stuff is use cases of
    cryptocurrencies on ethereum or salana
    or wherever and that is just culture
    that’s the fun of the internet playing
    out and it’s a wild speculative gambling
    place that is not the place for your
    Capital but but we all enjoy having fun
    too so as long as at least 90% of your
    assets are in something like Bitcoin
    etherum mlana feel free to play around
    with the other stuff get involved in the
    culture but don’t expect to make money
    because you won’t that’s the land of
    everything sounds like it’s going to go
    up a 100x and some do but most things go
    to zero I mean it’s bizarre however
    Dogecoin has managed to last the test of
    time Dogecoin is up
    4,000% since Inception and has
    outperformed Bitcoin and it looks like
    it’s going to outperform ethereum I
    don’t understand it but that is the
    culture of the internet in a token when
    before Elon Musk got on to H Saturday
    Night Live though it was like 70 cents
    it was even more crazy right it’s taken
    on a life of its own and obviously Elon
    is good cheeky guy so he he pushes that
    um all right let’s go to that
    question Ro you posted the other day
    that crypto is being adopted twice as
    fast as the internet are we still in the
    dialup days or moved on to broadband
    this is rolling from California so we’re
    GNA trace the map what year are we in R
    we’re in about
    19 if I seem to remember it correctly
    we’re at about
    1994 so we are early
    wow we’ve still got dialup
    modems which makes sense right if you
    tried using Wallets on the internet and
    all of this stuff and storing your
    cryptocurrencies it’s clunky so we’re
    early but it’s been growing at twice the
    speed of the
    internet so we’re currently of 516
    million users worldwide that’s the
    number of active
    wallets and comparing that to the number
    of IP addresses of the internet both
    starting from a number of 5 million when
    it starts moving um it would suggest if
    we continue like this in fact slow down
    adoption rates we’ll get to a billion by
    the end of next year a billion
    users and we’ll get to half the world’s
    population for billion users by the end
    of 2030 so we’re not even in the
    Broadband age
    yet all right let’s fire up the next
    question thank you Roland some news this
    morning that Ripple is looking to launch
    a stable coin what’s the point since
    there are already several out there this
    is Erin from Long Island it’s a really
    good question eron thank you yes I
    didn’t really understand this until
    recently
    is stable coins are the bridge between
    the fat system and that particular
    blockchain so really what you need is
    the ability to to transfer in and out of
    dollars while staying within the within
    the blockchain
    so you’ll see most of the large
    cryptocurrency networks like Ripple like
    salana like um ethereum even Bitcoin
    with its lightning layer having stable
    coins because they all kind of need them
    to operate because we live in a in a US
    Dollar denominated
    World all right let’s keep firing up all
    right these are great questions I’ve
    invested in some crypto but don’t see it
    being used for day-to-day train
    transactions anytime soon when do you
    think I can buy groceries with crypto
    this a rose from Connecticut well
    firstly you can just use PayPal you can
    have your cryptocurrency on PayPal and
    instantly pay for anything and it pays
    it in dollars so you can do that but why
    on Earth would you if everything goes
    down
    99.9% over a period of Time Versus
    Bitcoin every time you spend it on
    buying a cabbage in the store you’re
    just wasting money because when you look
    back that’ll be the most expensive
    cabbage you’ve ever bought so please
    don’t use it for
    buying goods tell tell the story about
    the pizzas you know the
    stor 10,000 Bitcoin for how many pieces
    I can’t remember how many pieces five
    were two pieces two pieces that’s righty
    you know and that 10,000 Bitcoin which
    seemed it was the same it was the price
    of the market in Bitcoin at the time it
    was the first transaction to buy Goods
    with Bitcoin the problem is is those
    10,000 Bitcoin now are worth
    I can’t do the maths 670 million well
    there we go yeah so that’s why you don’t
    use them to buy
    Goods you know yes of course if you’ve
    made a lot of money feel free to take
    some chips off the table and you know
    pay for your house or do whatever but
    those are those are some expensive
    pizzas right but you know it’s like it’s
    like here’s the thing I will say is that
    whoever did that it happened it’s over
    you never never lament you can never
    lament as an investor you know I I
    missed Uber I had Travis come into this
    office and tell me that he was gonna
    have an unnamed guy in a black
    nondescript car drive my daughter around
    Manhattan using an app I told him get
    the hell out of my office okay so a half
    a million dollars and that was only
    worth about 400 million today okay but I
    it gets worse it gets worse okay I had
    Antonio graas who’s one of my closest
    friends from Goldman Sachs he said oh
    you know I made an investment in
    something called PayPal they just sold
    to eBay one of the two Founders is a
    smart guy by the name of Elon Musk he is
    simultaneously buying an EV company
    called Tesla and he’s going to start a
    commercial space exploration company at
    the same time and you know what I’m
    rolling my money from
    PayPal into those two companies do you
    want to invest with me and I said get
    the hell out of my office okay so now he
    has real picassos on his wall I have
    posters of picassos on mine I just wna
    point that out to everybody so what are
    you gonna do you gotta Just Go With It
    Right am I wrong yeah that’s right it’s
    right won’t get them all but here’s a
    gift crypto is a gift you’ve all been
    given right and you and I have tried to
    tell as many people as we possibly can
    it’s like you’ve been given a gift
    please take
    it amen what’s your take on the Sam
    bankman free prison sentence it wasn’t
    as harsh as you predicted but close okay
    I think that one’s for me so Dave from
    New York I thought he was getting 30
    possibly 35
    years uh I think 25 years a long time
    he’ll probably serve 18 of those he’s 32
    which means he gets out as a 50y old man
    um and so I’m saddened by the whole
    thing uh now the weird thing is I
    learned this morning and I don’t know if
    this number is 100% accurate I will have
    to verify it that the FTX estate now has
    because of price appreciation over 90
    billion doll of assets so not only will
    the share the account holders be paid
    but there might even be some money left
    over for the owners of FDX so what say
    you r related to that
    sentence look in the in the Financial
    world in the white color crime world
    people don’t tend to serve very long
    time um I thought it was a I thought 25
    years was a decently long pris sentence
    for anybody uh you know you destroy the
    best part of his of his adult life so I
    think that’s a pretty hefty fine
    terrible terrible um let’s go to the
    next one how do you think AI will affect
    investing in Risk is there a chance that
    it will become a problem and lead to
    unethical practic is an insider trading
    I think you got a way bigger problem
    than that my friend yeah tell
    me tell me there is some called
    AGI right and AGI is like the Super
    Brain where where computers become
    smarter than any human and that just
    keeps going exponentially smarter over
    time that whoever gets
    AGI is going to
    figure out markets faster than anybody
    else it’ll just understand the patterns
    of markets I don’t know what an
    investing world is when you’ve got a
    superb brain that sees hears everything
    and knows everything I don’t know what a
    stock market is and I’ve been thinking
    about this for some
    time I think AGI comes in its simplest
    form baby AGI
    this year or next year and we won’t
    think of it as this Quantum Leap we’ll
    be like oh yeah that’s pretty cool but
    it’s not really changing and it’ll just
    get exponentially
    better by
    2030 Elon will have his
    robots there’ll be many versions of
    robots and they will have super brains
    we have then this massive computing
    power I don’t know what that means but I
    tell you this if you want to build a
    business in 2030
    I will see your business and say yeah
    anony that’s a great business I’m just
    going to copy it and it’ll write the
    software for me and write it immediately
    then somebody else will see my new
    version that’s better put the code into
    AGI and say Hey listen here’s Ralph
    Pal’s software can he beat that and
    within two days my business is out the
    window right the destruction cycle of
    new businesses is going to be
    unprecedented so I think investing
    becomes really hard plus 2030 because we
    don’t know what the world’s going to
    look like and so I’ve just I’ve narrowed
    it down to a very core th thought which
    is if we don’t know how to make money
    after 2030 we need to make as much money
    as we can in the next six years so
    that’s the big thing for me is make as
    much money as you can over the next six
    years all right so so R we got six years
    to make some money you look great you’re
    the like the Indian English James Bond
    of the Cayman Islands I’m here is a poor
    sap rowing hard in in the city of New
    York so tell us one thing
    before you leave about lifestyle and
    Clarity of
    mind you need to understand why you’re
    playing the game people get lost in the
    game the game of investing the game of
    building businesses the game of trying
    to get ahead and they forget what it is
    they’re trying to do what you should be
    trying to do is think what makes you
    happy it so happens that living on a
    beach makes me
    happy but I can solve that two ways I
    can have a Shack on a beach in Nicaragua
    and still be on the beach where the sun
    comes up every day and I can have a
    beautiful life or I can have a nicer
    house in the Cayman Islands because I’ve
    been luckier but I can still have the
    same basic exper erience so you don’t
    need to be the richest person in the
    world you just need to be the happiest
    and the whole game we’re playing is not
    about scoring points for money it’s
    about banking
    lifestyle quality of life is the game
    we’re playing well one of the you know
    one of the things I love doing is
    talking to you okay you are a great
    gentleman I’m grateful for you and
    you’re quite reminiscent of uh The
    Immortal Jackie Robinson was the first
    uh African-American player to cross the
    uh professional baseball line he said
    we’re at our best when we serve others
    and through real vision and all the work
    that you’ve done and the research of
    this stuff you’ve been a big Ed educator
    and a big Trailblazer and I’m very
    grateful to you today for joining us on
    speakup thanks again yeah thanks very
    much my friend I always enjoy it so hope
    you enjoyed that mooch and I as I said
    always have fun talking together and try
    and exploring the ideas and help
    explaining to other people you see many
    of our jobs is just getting people
    across the line to understand what
    crypto means for people and why it’s
    important and how it works and how it
    can truly help you unfuck your future
    and again I urge you if you haven’t
    signed up to the Channel please do so
    I’m a bit embarrassed as only like
    50,000 subscribers so far um I know it
    hasn’t been going that long but it’s a
    bit embarrassing to me so listen if you
    could just help me in my embarrassment
    and uh sign up to the channel I’ll be
    grateful and if you’ve done that and you
    haven’t gone to realvision realvision
    tocom unfuck your future see you around
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    Earlier this month, I had the pleasure of returning to my good friend, Anthony Scaramucci’s show, Speak Up, for a fascinating conversation about the transformative power of Bitcoin, the forecast for the broader crypto market, and much more.

    In addition to discussing why Bitcoin is such a revolutionary asset — and arguably the best investment humans have ever witnessed — we explored what the future might look like for the evolving landscape of Level-1 protocols, how to invest in a world of AGI, and why we should all be on the pursuit of happiness in this new economic era.

    This episode is brought to you by Chintai, your trusted partner in asset tokenization. Licensed and regulated by Singapore’s MAS and powered by the innovative $CHEX token, Chintai offers a compliant, one-stop solution for bringing real-world assets on-chain. Chintai enables the tokenization of virtually any asset – from carbon credits to corporate debt, private funds, and real estate – enhancing liquidity and optimizing efficiency for all. With billions of dollars in client deals facilitated, explore how you too can take advantage of tokenization by visiting www.realvision.com/chintai.

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    18 Comments

    1. 2024 is a landmark year for Bitcoin, marking its significant growth and acceptance in finance. The introduction of Bitcoin ETFs, the anticipated halving event, and changing attitudes in mainstream finance position Bitcoin as not just a digital asset, but a symbol of technological progress and a sound investment choice. Its growing role in global economies, attracting attention from institutional and retail investors, highlights its potential in financial diversification. However, navigating its volatility requires careful risk management and technical analysis. This year could redefine Bitcoin's role in the financial landscape. At the heart of this evolution is Silvia Macido, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment…

    2. BTC is king of "store of value". But blockchain/crypto can be so much more than digital gold. It can be the foundation we run our society via smart contracts. Bc we know AI will be operating everything. It all should be done trustless-ly

    3. Do we honestly think SBF is actually even in jail, much less serving hard time anywhere but on a tropical island somewhere with maybe a different face, and same bad posture. His parent run in the lawless circles.

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