WEBVTT - Thoughts from the Bear Market - Episode 700! 0:00:00.060 --> 0:00:03.390 Time can move very slowly. When you're in a bear market. 0:00:03.390 --> 0:00:06.300 Watching your crypto and NFT value drop can be a 0:00:06.300 --> 0:00:11.130 depressing experience. Well, we've survived one bear market and appears 0:00:11.130 --> 0:00:13.800 that we're going to make it through another today. Your 0:00:13.800 --> 0:00:16.560 favorite crypto clowns? Take a look at where we've been, 0:00:16.560 --> 0:00:19.770 what we've learned along the way, and discuss where we 0:00:19.770 --> 0:00:23.070 think this all might be going. So be of good cheer. 0:00:23.070 --> 0:00:27.000 We believe the bull is almost here. Let's talk financial 0:00:27.000 --> 0:00:29.370 mammals and have some fun as we give you our 0:00:29.370 --> 0:00:33.570 thoughts from inside the bear market on episode number, get 0:00:33.570 --> 0:00:38.250 this 700. Of the Bad Crypto Podcast. 0:00:38.340 --> 0:00:44.280 54310. 0:00:44.950 --> 0:00:47.700 It's listen who's bad? 0:01:10.940 --> 0:01:14.480 Okay, the bad crypto podcast. Yeah, we get it. Hey 0:01:14.510 --> 0:01:18.560 talking bitcoin with Joel coming Travis right. Yeah digital money 0:01:18.560 --> 0:01:21.410 and blockchain keep you informed and entertain. Make you think 0:01:21.410 --> 0:01:23.540 make you laugh. But remember stay bad. 0:01:24.290 --> 0:01:26.660 The bad crypto podcast. Let's go. 0:01:29.810 --> 0:01:35.450 This is the big 700 live from the Republic of 0:01:35.450 --> 0:01:40.210 Bad Cryptopia well recorded, but we're live as we're doing it. Wait, 0:01:40.220 --> 0:01:43.610 let me check my pulse. Yeah. I'm live. Trav, you live. 0:01:43.910 --> 0:01:45.770 I'm still alive. 0:01:45.770 --> 0:01:51.650 You're like the two live crew. Two live crew? 0:01:51.650 --> 0:01:56.570 Yeah. I'm not a smoker. Do you know I'm going to. 0:01:56.570 --> 0:01:59.360 I want to say this. This episode number 700. Thanks 0:01:59.360 --> 0:02:02.210 to everyone who has tuned in and heard some of 0:02:02.210 --> 0:02:07.280 those along the way. And just as a quick recap, Joel, 0:02:07.280 --> 0:02:10.130 when we started the show, right, we started the show in, 0:02:10.400 --> 0:02:14.000 let's say the closest time frame that we have is like, 0:02:14.000 --> 0:02:17.090 it looks like July 16th is when we started the show, 0:02:17.090 --> 0:02:22.340 and the total crypto market cap at that time was 0:02:22.340 --> 0:02:26.799 $80 billion. That was the total. That was the total 0:02:26.800 --> 0:02:30.940 volume right there. So that's a historic that's a historic time. 0:02:30.940 --> 0:02:33.070 And now here we are now with it like almost 0:02:33.070 --> 0:02:38.620 1.1 trillion. So we've gone up over about what, almost 0:02:38.620 --> 0:02:42.190 15 x since, you know here we are since starting 0:02:42.190 --> 0:02:44.020 to show. Did we do that years ago? It was 0:02:44.020 --> 0:02:47.050 all on us. Yeah, us and Ben Armstrong, we did 0:02:47.050 --> 0:02:50.200 it all. And a little bit of Michael Saylor. Not much, 0:02:50.200 --> 0:02:53.770 but some. And you know we've seen this thing is 0:02:53.770 --> 0:02:56.230 almost didn't we see it over 2 trillion wasn't like 0:02:56.230 --> 0:02:56.690 two point. 0:02:56.720 --> 0:02:58.180 Something over three. 0:02:58.389 --> 0:03:00.040 3 trillion. My god. 0:03:00.040 --> 0:03:01.870 So yeah I'm going to pull up CoinGecko in a minute. 0:03:01.870 --> 0:03:02.800 We'll take a look like we're. 0:03:02.800 --> 0:03:04.870 In for about another run here. It should be should 0:03:04.870 --> 0:03:07.660 be interesting to see over 10,000 coins now Joel. 0:03:07.810 --> 0:03:10.090 That's crazy. And those are just the ones that are 0:03:10.090 --> 0:03:14.320 being tracked by CoinGecko. There's I guarantee there's at least 0:03:14.320 --> 0:03:17.799 that many more that aren't being tracked and who knows. 0:03:17.830 --> 0:03:20.020 And so so, you know, we're just going to have 0:03:20.020 --> 0:03:22.870 a little conversation today. Talk about some of the things 0:03:22.870 --> 0:03:25.990 that we've learned. But let's let's go ahead and historically 0:03:25.990 --> 0:03:29.410 take a look at the crypto market. Those of you 0:03:29.410 --> 0:03:31.989 that are listening that's fine. If you want to see 0:03:31.990 --> 0:03:34.450 what we're talking about here, we've got some visuals you 0:03:34.450 --> 0:03:38.350 could check out either YouTube Rumble or on Odyssey. This 0:03:38.350 --> 0:03:40.480 is the total crypto market cap that you were talking 0:03:40.480 --> 0:03:44.260 about right here, Trav. And in 2018, at the top 0:03:44.260 --> 0:03:48.190 of the market, the crypto market cap got to 812 billion, 0:03:48.190 --> 0:03:52.720 right up from well, it's 2017 about 80 billion. 0:03:52.720 --> 0:03:55.900 And then I thought then Joel, then my my thought 0:03:55.900 --> 0:03:58.000 was we're going to hit a trillion. And that was 0:03:58.000 --> 0:03:59.890 probably going to be the top of that first one. 0:03:59.890 --> 0:04:02.440 That's why. But then what was so crazy about that 0:04:02.440 --> 0:04:04.060 one to me, Joe, if you actually even zoom in 0:04:04.060 --> 0:04:06.700 on that one, is that bull market was so that 0:04:06.700 --> 0:04:10.119 bear market was so harsh because what ended up happening 0:04:10.120 --> 0:04:14.950 was it hit the high and then boom, that it 0:04:14.950 --> 0:04:17.440 tanked right after that. Like if you go in and 0:04:17.440 --> 0:04:19.570 look at that thing, just even scroll it over a 0:04:19.570 --> 0:04:25.450 little bit. January of 2020, of 2018, it just went 0:04:25.779 --> 0:04:28.630 it was down 40% before you know it. And then 0:04:28.630 --> 0:04:31.120 I know that I got invited to speak at this 0:04:31.120 --> 0:04:36.250 coin Coins bank cruise that went from Singapore to Malaysia 0:04:36.250 --> 0:04:39.880 to Thailand, then back to Singapore. Then we it was 0:04:39.880 --> 0:04:43.030 so crazy when we initially started this thing. It was 0:04:43.029 --> 0:04:45.760 just so nuts because there weren't a lot of other podcasts, 0:04:45.760 --> 0:04:47.710 and so people were inviting us all over the place. 0:04:47.710 --> 0:04:50.020 We even got to go to Switzerland. So I literally 0:04:50.020 --> 0:04:52.510 was on the beach one day in Switzerland, the next 0:04:52.510 --> 0:04:56.409 day flying to or on the beach in Thailand with 0:04:56.410 --> 0:05:00.820 the Singapore. Flew to Switzerland next day. Six feet of snow. Yeah, 0:05:00.820 --> 0:05:04.330 like it was insane. And then the market, it just tanked, dude. 0:05:04.330 --> 0:05:07.810 It went up and then boom, it was down 40% 0:05:07.810 --> 0:05:10.120 before I could get back home to sell any cryptos. Right. 0:05:10.120 --> 0:05:13.120 It was rough, you know, which is. And now if 0:05:13.120 --> 0:05:17.470 we so forward to 2021, this space right here, we'll 0:05:17.470 --> 0:05:20.230 just pick a 90 day or we'll go to the max. 0:05:20.230 --> 0:05:28.240 But I'll pick from 2020 through. We'll say that's fine, 0:05:28.240 --> 0:05:36.000 we'll go with 2021 and CoinGecko is not. Being supportive 0:05:36.000 --> 0:05:38.880 of me right now. I'm just going to do that. 0:05:38.910 --> 0:05:42.300 Shouldn't it be like when you click on these things should, like, 0:05:42.300 --> 0:05:45.599 tell you exactly where where you want it? Yeah. There 0:05:45.600 --> 0:05:45.840 you go. 0:05:46.050 --> 0:05:47.550 Okay. That's kind of what you do. So. 0:05:47.760 --> 0:05:50.820 So there you go. There's 2020. We got up to 0:05:50.820 --> 0:05:54.960 three bill 3,000,000,000,050. Scroll back. 0:05:54.990 --> 0:05:56.940 Take that. Left one down there on the volume. Move 0:05:56.940 --> 0:05:59.310 it over to to the beginning of 2020. Because you 0:05:59.310 --> 0:06:04.650 can see how Bitcoin tanked out in like March like 3000, 0:06:04.650 --> 0:06:07.140 3800 bucks or something. Bitcoin did. You can't really see 0:06:07.140 --> 0:06:09.270 that coin on this particular chart. But look at that 0:06:09.270 --> 0:06:11.969 run it went. What was the market cap in say 0:06:11.970 --> 0:06:12.930 April of 20? 0:06:13.440 --> 0:06:16.950 Uh, a market cap was 190 billion. And then it 0:06:16.950 --> 0:06:17.250 went up. 0:06:17.250 --> 0:06:17.550 To. 0:06:18.089 --> 0:06:23.640 3 trillion. And then it fell. So, you know, here's 0:06:23.640 --> 0:06:29.190 what I learned through two bull markets is if you 0:06:29.190 --> 0:06:31.710 want to take profits, you want to do it before 0:06:31.710 --> 0:06:35.820 the market crashes. And so it's easy to get caught 0:06:35.820 --> 0:06:39.299 up in the hype and the FOMO. And it's going higher. 0:06:39.300 --> 0:06:41.190 It's going higher. You don't want to miss out on 0:06:41.190 --> 0:06:43.560 those profits as it's going up. But I try to 0:06:43.560 --> 0:06:46.140 peel off a little bit, just a little bit here, 0:06:46.140 --> 0:06:48.450 put some profit, put it in the bank because as 0:06:48.450 --> 0:06:50.700 I like to say, it never hurts to take profits. 0:06:50.700 --> 0:06:55.320 And I did that in a small way. 2017 2018 0:06:55.620 --> 0:06:59.400 really small because when when it crashed, I really felt it. 0:06:59.400 --> 0:07:04.770 In 2021 20 to 2021, I did a little better 0:07:04.770 --> 0:07:08.279 than I did the first time, but still not enough 0:07:08.279 --> 0:07:11.980 to make me say I learned my lesson the first time. Yeah, 0:07:12.210 --> 0:07:16.170 and even worse for NFTs, right? Because we had there 0:07:16.170 --> 0:07:19.410 was NFTs that I could have sold for 1020 ETH, 0:07:19.410 --> 0:07:21.990 you know, back at the boom that are now worth 0:07:21.990 --> 0:07:23.190 2 or 3. 0:07:24.150 --> 0:07:27.060 Ouch. Yeah. And then the fact is that at that time, 0:07:27.060 --> 0:07:31.320 ETH was worth so much more. Right. You're talking about 0:07:31.320 --> 0:07:37.260 3 to 5000 ETH at ten of those versus 1600 0:07:37.260 --> 0:07:39.750 ETH and worth than 2 or 3. So, you know, 0:07:39.750 --> 0:07:42.810 I do think that that is going forward is make 0:07:42.810 --> 0:07:45.030 sure to peel profits off. The problem is, is that 0:07:45.030 --> 0:07:47.310 when you get caught up in this game, it becomes 0:07:47.310 --> 0:07:49.920 a little bit like it becomes a little bit like 0:07:49.920 --> 0:07:52.950 gambling because you're like, oh man. Like, look at this 0:07:52.950 --> 0:07:55.320 coin right here. It's like. And then remember I heard 0:07:55.320 --> 0:07:59.580 news that Snoop Dogg was launching some stuff on gala music, 0:07:59.580 --> 0:08:03.750 and the token price was like, you know, $0.30 or something. 0:08:03.750 --> 0:08:06.240 I was like, oh, dude, like this with Snoop Dogg 0:08:06.240 --> 0:08:09.390 coming over and releasing, you know, the return on Death 0:08:09.390 --> 0:08:12.390 Row like that, this price, this price is going to 0:08:12.390 --> 0:08:15.570 go and and then so I bought it, I sold 0:08:15.570 --> 0:08:17.340 a bunch of other tokens and went in that and 0:08:17.340 --> 0:08:20.730 that thing just tanked, dude. And I was like, oh man. 0:08:20.730 --> 0:08:23.520 So it's almost like, you know, I think I did 0:08:23.520 --> 0:08:25.620 pretty good along the way. But then there was a 0:08:25.620 --> 0:08:28.470 couple of times where I just, I just aped in 0:08:28.470 --> 0:08:30.210 on stuff that I shouldn't have aped in at a 0:08:30.210 --> 0:08:32.670 time that I shouldn't have aped in on it. And 0:08:32.670 --> 0:08:35.130 so it's like, that's what it is, is put that 0:08:35.130 --> 0:08:37.829 over here. It's like if literally when some of these 0:08:37.830 --> 0:08:40.230 coins were going, woosh! If I just take those out, 0:08:40.230 --> 0:08:42.090 put them in the bitcoin, take those out, put them 0:08:42.090 --> 0:08:45.329 in the bitcoin. That's what the maximalist would say to do. 0:08:45.330 --> 0:08:47.820 Put everything you can in Bitcoin. Even if Bitcoin goes 0:08:47.820 --> 0:08:51.239 to 70,000 goes down to 15,000 you still have that 0:08:51.240 --> 0:08:55.410 bitcoin right. Bitcoin's a bitcoin. And so I think that 0:08:55.410 --> 0:08:57.900 this time around is going to be interesting. I think 0:08:57.900 --> 0:09:00.150 every time seems like it's a little a little more 0:09:00.150 --> 0:09:04.949 unique because the 2017 one was struck with all those ICOs. 0:09:04.950 --> 0:09:06.600 And so one of the only things you could really 0:09:06.600 --> 0:09:09.370 do with your ETH at that time was buy in 0:09:09.370 --> 0:09:12.869 the ICOs. Right? So it's like forced investments. Most of 0:09:12.870 --> 0:09:17.340 those tanked 99 plus percent of those are not around anymore. 0:09:17.340 --> 0:09:19.949 Just like James Altucher said back in the day, these 0:09:19.950 --> 0:09:22.469 are all going to be scams. Don't buy into those. 0:09:22.470 --> 0:09:24.360 I mean, we interviewed him really early on and he 0:09:24.360 --> 0:09:26.459 said that and like, haha, yeah, whatever. 0:09:26.460 --> 0:09:28.770 Do you think? Most of them were scams though? I 0:09:28.770 --> 0:09:30.060 don't know. I don't think they're scams. 0:09:30.059 --> 0:09:33.030 I just think that, you know, nine out of ten 0:09:33.030 --> 0:09:34.020 startups fail. 0:09:34.020 --> 0:09:36.300 Yeah, that's different than a scam though. Like, I want 0:09:36.300 --> 0:09:38.640 to be real careful as we frame that they're scams 0:09:38.640 --> 0:09:40.860 where people are there to raise money to take your 0:09:40.860 --> 0:09:42.929 money and run off with it. I don't think that. 0:09:42.929 --> 0:09:45.060 Was their intention. Most of their intention was not to 0:09:45.059 --> 0:09:49.140 do that. But startups fail. But that's how the government 0:09:49.140 --> 0:09:51.030 in Congress is kind of framing it. It was like, oh, 0:09:51.030 --> 0:09:53.040 they're a scam. We got to protect you from your money. 0:09:53.040 --> 0:09:57.000 It's almost like, no, they're startups. And most of them 0:09:57.000 --> 0:09:59.940 fail because startups mostly fail, right? And that's just the 0:09:59.940 --> 0:10:02.699 nature of the game. But it's been wild. And then 0:10:02.910 --> 0:10:07.770 2020 NFTs took off. Metaverse. Things were so hot. And 0:10:07.770 --> 0:10:10.949 now here we are again. Eyes pretty hot, but we 0:10:10.950 --> 0:10:15.030 didn't see any tokens really blow up right now. Yet 0:10:15.030 --> 0:10:18.490 based on that. And now and now and now is 0:10:18.510 --> 0:10:18.959 kind of you could. 0:10:18.960 --> 0:10:23.040 Tell people because meme coins have been, you know, the 0:10:23.070 --> 0:10:25.890 soup du jour. And I just don't want to play 0:10:25.890 --> 0:10:29.340 in that because I don't want to gamble it personally. 0:10:29.340 --> 0:10:32.189 I want to invest. I want to buy crypto and 0:10:32.190 --> 0:10:35.330 tokens that I believe are going to have real world. Application. 0:10:35.330 --> 0:10:38.059 I want to buy NFTs where I think there is 0:10:38.059 --> 0:10:42.620 utility to them. But boy, that hype cycle was crazy. 0:10:42.620 --> 0:10:47.000 And you know, we we only ever created collectibles. That 0:10:47.000 --> 0:10:50.720 was that was the whole Mo for blockchain heroes is 0:10:50.720 --> 0:10:53.000 you know, we never said there's going to be any utility. 0:10:53.000 --> 0:10:56.660 We never made any promises of any value. We just said, hey, 0:10:56.660 --> 0:10:59.000 here are these cool digital collectibles we like. 0:10:59.120 --> 0:10:59.540 They're going to be. 0:10:59.540 --> 0:11:01.250 Fun and they're going to be fun. 0:11:01.250 --> 0:11:03.590 We're going to deliver delight along the way, which we did. 0:11:03.590 --> 0:11:08.120 We added all kinds of utility with forging events and then, 0:11:08.120 --> 0:11:12.020 you know, uploading these and transforming X amount of cards 0:11:12.020 --> 0:11:13.880 into a new card. So it's like we've done a 0:11:13.880 --> 0:11:16.400 lot of stuff to make it fun along the way. 0:11:16.910 --> 0:11:18.320 And now there's a game. 0:11:18.320 --> 0:11:21.500 Now there's a game. In fact, you know, this is 0:11:21.500 --> 0:11:25.310 this was not something that was ever promised, ever offered. 0:11:25.309 --> 0:11:30.020 And we've been working behind the scenes to create Blockchain 0:11:30.020 --> 0:11:34.190 Heroes Blitz. If you are holding Blockchain Heroes cards from 0:11:34.190 --> 0:11:37.280 the retro Rebellion series, the latest series, you can log 0:11:37.280 --> 0:11:41.179 in with your wax cloud wallet. And by the time 0:11:41.179 --> 0:11:45.710 this show comes out, the the tournament will be happening. 0:11:45.710 --> 0:11:49.489 There's actually a tournament where you can win few tokens 0:11:49.490 --> 0:11:53.330 playing this game. I don't know of anybody who has 0:11:53.330 --> 0:11:58.970 out of the blue surprised and audience after not not 0:11:58.970 --> 0:12:02.719 saying there's going to be any utility and then offered 0:12:03.020 --> 0:12:07.230 said hey, guess what, we made just something right? And 0:12:07.230 --> 0:12:09.900 we did. And here it is. And you can pick 0:12:09.900 --> 0:12:14.040 from your your heroes and villains and they can fight 0:12:14.040 --> 0:12:16.860 against one another. And it's a fun game. There's some 0:12:16.860 --> 0:12:17.069 we need. 0:12:17.070 --> 0:12:18.630 To play in one of these games, Joe, that could 0:12:18.630 --> 0:12:20.489 be kind of fun. You and I, we could play 0:12:20.490 --> 0:12:21.179 one of these. I'm not. Well. 0:12:21.510 --> 0:12:25.020 You play it yourself. It's a solo game. You pick, 0:12:25.020 --> 0:12:27.240 and then it's like you play against the computer. So 0:12:27.240 --> 0:12:29.460 that way people can join any time. You don't have 0:12:29.460 --> 0:12:32.880 to write for other people to come on. We did 0:12:32.880 --> 0:12:36.300 it in partnership with who now has, I believe, five 0:12:36.300 --> 0:12:40.560 games and you can earn token anyway. Go. 0:12:41.400 --> 0:12:42.960 I mean, I'll tell you this, dude, these cards are 0:12:42.960 --> 0:12:46.679 still so beautiful. I think that those retro rebellion cards 0:12:46.679 --> 0:12:51.210 are potentially some of the most beautiful NFTs that have 0:12:51.210 --> 0:12:53.459 been created, and they were on wax. And so I 0:12:53.460 --> 0:12:55.980 don't think they got the popularity or the buzz that 0:12:55.980 --> 0:12:58.500 they should have, because there's some freaking beautiful ones do 0:12:58.500 --> 0:13:00.660 this animated. They have their own, they got their own 0:13:00.660 --> 0:13:04.710 soundtrack and stuff. And it's just nicely done to to 0:13:04.710 --> 0:13:08.400 Zach to to ideate those. And then the developers and 0:13:08.400 --> 0:13:10.590 the coders and the animators, we had to help create 0:13:10.590 --> 0:13:11.520 those beautiful. 0:13:11.520 --> 0:13:15.569 You guys can go to Heroes Blitz and and go 0:13:15.570 --> 0:13:18.690 check that out. So I've got the Bitcoin price and 0:13:18.690 --> 0:13:21.390 chart up here. Just a time stamp. We're recording this 0:13:21.390 --> 0:13:24.590 early because I'm going to be out of town and 0:13:24.600 --> 0:13:27.720 Travis is going to be moving soon. So just a timestamp. 0:13:27.720 --> 0:13:30.270 Save a frame of reference. Even though the show won't 0:13:30.270 --> 0:13:34.439 launch until mid-October. It is the 4th of October, and 0:13:34.440 --> 0:13:38.610 at this moment, Bitcoin is $27,584. And if we go 0:13:38.610 --> 0:13:41.460 ahead and look at the look at that, the chart here, 0:13:41.610 --> 0:13:43.890 I mean, this is this is where we were at 0:13:43.890 --> 0:13:48.059 our peak about 60. I can't quite get it. Let 0:13:48.059 --> 0:13:50.340 me see if I can zoom in so we can 0:13:50.340 --> 0:13:55.470 get there. Looks like 60. This says 67 617 I 0:13:55.470 --> 0:13:58.020 got up to 6969. Yeah. 0:13:58.020 --> 0:14:01.200 69 420 there we go. But actually, Joel, if you 0:14:01.200 --> 0:14:03.480 scroll back out and you hit, hit, hit back out 0:14:03.480 --> 0:14:05.520 just a little bit, the whole thing go back out 0:14:05.520 --> 0:14:08.579 to so you can see the 2021 version. So you 0:14:08.580 --> 0:14:10.380 look at that right there. You see that. So you 0:14:10.380 --> 0:14:12.510 had the little pop right there. And then you see 0:14:12.510 --> 0:14:15.960 this little bop right over here in like say July 0:14:15.960 --> 0:14:19.740 August of 2019. So we're maybe in that right now 0:14:19.740 --> 0:14:21.540 where it's going to go up. And then we can 0:14:21.540 --> 0:14:23.880 see if it's going to follow that trend. Then it 0:14:23.880 --> 0:14:26.820 went down. But that was because Covid hit and everything 0:14:26.820 --> 0:14:29.070 went a little weird. So that could be a little 0:14:29.070 --> 0:14:31.950 different than that. It could just take off on its 0:14:31.950 --> 0:14:34.500 own and have its own path. I personally would love 0:14:34.500 --> 0:14:37.050 to see it go down to about 20 grand before 0:14:37.050 --> 0:14:39.390 it makes its big pop, because then I could snag 0:14:39.390 --> 0:14:42.930 more once my home is sold. That's just personally, that's 0:14:42.930 --> 0:14:46.890 just my own personal greed that's going go down about 0:14:47.220 --> 0:14:49.020 15,000 before. 0:14:49.230 --> 0:14:49.580 Yeah. 0:14:49.590 --> 0:14:50.970 So I'm saying. 0:14:50.970 --> 0:14:55.050 The the having is coming in May of 2024. And 0:14:55.050 --> 0:14:59.220 typically that is you know, the primary driving factor of 0:14:59.220 --> 0:15:03.390 the value of Bitcoin is that as Bitcoin gets more 0:15:03.390 --> 0:15:07.380 difficult to mine and there's fewer bitcoin that are being mined, 0:15:07.650 --> 0:15:10.920 it becomes more scarce. Because remember there's only 21 million 0:15:11.130 --> 0:15:14.580 of them ever. And you know to review if there's 0:15:14.580 --> 0:15:18.330 21 million bitcoin ever. We've not yet mined 20 million. 0:15:18.360 --> 0:15:21.990 A million of them are in Satoshi's wallet or wallets. 0:15:21.990 --> 0:15:25.739 Which brings us to 19. 4 million or more will 0:15:25.740 --> 0:15:29.640 be conservative, are allegedly lost in wallets that will never 0:15:29.640 --> 0:15:32.280 be found in a dump in Kansas City. And so 0:15:32.280 --> 0:15:34.860 that brings us down to 15 million. You got to 0:15:34.860 --> 0:15:38.550 figure at least 4 million are in strong hands. That 0:15:38.550 --> 0:15:42.480 ain't never selling, right. They they are. They're locked down. 0:15:42.480 --> 0:15:45.750 That takes us down to 11 million that, you know, 0:15:45.750 --> 0:15:49.200 we got 8 billion people in the world. So you know, 0:15:49.200 --> 0:15:52.680 do the math on that. That's a lot of people 0:15:52.680 --> 0:15:59.250 that are going to be competing for a very scarce currency. Maybe. 0:15:59.850 --> 0:16:03.300 Maybe, maybe so just just so you know. So the 0:16:03.300 --> 0:16:06.630 time stamp on this episode is going to be coming 0:16:06.630 --> 0:16:12.600 out the week of October 20th, right? So based based 0:16:12.600 --> 0:16:15.930 on that, we are right about six months away from 0:16:15.930 --> 0:16:19.560 the Bitcoin having 180 days. If you go look at 0:16:19.560 --> 0:16:23.040 buy Bitcoin worldwide and take a look at the having, 0:16:23.040 --> 0:16:27.750 we are about 180 days away from the having date. 0:16:28.050 --> 0:16:32.220 They're saying the having date is going to be April 17th, 2024. 0:16:32.220 --> 0:16:35.400 Based on based on right now, that's going to change 0:16:35.400 --> 0:16:36.900 a little bit. It's going to move a few days 0:16:36.900 --> 0:16:40.590 either way depending on how long sometimes some blocks are having. 0:16:40.590 --> 0:16:43.230 But it looks like it's going to be about, you know, 0:16:43.230 --> 0:16:49.020 29,000 blocks or 27, something like that. Until the having. 0:16:49.020 --> 0:16:53.820 Now remember, whenever the 2012 happened having happened, Bitcoin drop 0:16:53.820 --> 0:16:56.250 every ten minutes, new bitcoins were dropped from 50 new 0:16:56.250 --> 0:17:01.120 bitcoins to 25 Bitcoin 2016. It dropped again from 25 0:17:01.120 --> 0:17:05.040 to 12.5. And then in May of 2020, it dropped 0:17:05.040 --> 0:17:10.740 from 12.5 to 6.25. Now this 1 in 2024 on 0:17:10.740 --> 0:17:15.240 April 17th and typically right about six months up until 0:17:15.240 --> 0:17:18.840 that new, that new halving we start seeing live. So 0:17:18.840 --> 0:17:23.490 we are seeing the beginnings most likely of Bitcoin doing 0:17:23.490 --> 0:17:25.740 its thing. Now. It might drop a little bit before 0:17:25.740 --> 0:17:27.570 it takes off a little bit. We're going to see. 0:17:27.570 --> 0:17:31.050 But this is going to take the reward from 6.25 0:17:31.050 --> 0:17:37.530 bitcoin per block to 3.125 bitcoin every block. Which means 0:17:37.530 --> 0:17:42.449 Joe right that the cost of mining these bitcoins should increase. 0:17:42.450 --> 0:17:45.810 And the cost and the value of bitcoin should increase. 0:17:45.810 --> 0:17:49.109 Because these are deflationary in nature, the cost of doing 0:17:49.109 --> 0:17:51.750 business should be much higher. So if it's going to 0:17:51.750 --> 0:17:55.230 have then maybe we see, you know, if the top 0:17:55.230 --> 0:18:00.359 was nearly 70,000, maybe we see 130, 140,000 as the 0:18:00.359 --> 0:18:03.630 high of this next cycle potentially. Maybe that's a good gauge, 0:18:03.630 --> 0:18:04.229 I don't know. 0:18:04.590 --> 0:18:09.240 Well, you know, the years where the having happens is 0:18:09.240 --> 0:18:13.830 traditionally at least what we've seen is something to be watched. 0:18:13.830 --> 0:18:17.129 And the the years where it doesn't happen. That's a 0:18:17.130 --> 0:18:19.920 have not. So you have the haves and the have nots, the. 0:18:19.920 --> 0:18:21.330 Happenings and the have nots. 0:18:21.330 --> 0:18:26.040 So in 2020, you're right, Covid set off a global 0:18:26.040 --> 0:18:29.460 financial crisis, right? There was a lot of panic. And 0:18:29.460 --> 0:18:33.000 so it certainly did not help crypto. Well, we have 0:18:33.000 --> 0:18:36.600 some things that are happening now which could also impact 0:18:36.600 --> 0:18:41.070 the value of Bitcoin. For one, we've got more adoption 0:18:41.070 --> 0:18:45.149 happening by World Financial Services. And we have the SEC 0:18:45.150 --> 0:18:49.680 saying that Bitcoin is not a security. And we have 0:18:49.680 --> 0:18:53.850 Blackrock and the other, you know, evil overlords that run 0:18:53.850 --> 0:18:57.510 the world that are looking you know grayscale is another 0:18:57.510 --> 0:19:00.960 one that they're applying for their ETFs. And when that 0:19:00.960 --> 0:19:07.980 happens that's going to give legitimacy to Bitcoin to a 0:19:07.980 --> 0:19:10.470 lot of investors with a lot of money that will 0:19:10.470 --> 0:19:14.280 go okay. Now this is being treated as an asset 0:19:14.280 --> 0:19:18.990 class that I can have confidence in investing in. And 0:19:18.990 --> 0:19:22.859 so you know what what happens there when these ETFs 0:19:22.859 --> 0:19:24.240 finally get approved. 0:19:25.460 --> 0:19:28.580 That's going to be remain to be seen because, you know, 0:19:28.580 --> 0:19:30.770 how are they going to actually have it set up? 0:19:30.770 --> 0:19:32.000 Are they going to be people are going to be 0:19:32.000 --> 0:19:34.459 able to go in and buy a bunch of Bitcoin 0:19:34.460 --> 0:19:38.510 paper Bitcoin. That's not even actually bitcoin, because if that's 0:19:38.510 --> 0:19:42.230 the case, that could suppress the price of the overall 0:19:42.230 --> 0:19:45.710 bitcoin because people are buying into Bitcoin that doesn't technically exist. 0:19:45.710 --> 0:19:49.100 I think that's their goal. But if you look at this, 0:19:49.130 --> 0:19:52.970 if you're Blackrock and you hold one, you hold $10 0:19:52.970 --> 0:19:58.250 trillion worth of assets, bro. Crypto all of cryptos 1.1 trillion. 0:19:58.250 --> 0:20:00.680 Right now Blackrock could come in and buy up all 0:20:00.680 --> 0:20:02.929 of it. Everything that's available. They could come in and 0:20:02.930 --> 0:20:06.530 buy and sort of shut down some of these things 0:20:06.530 --> 0:20:08.720 over as they become available to buy. Boom. They buy them. 0:20:08.720 --> 0:20:10.669 They're going to shut. They could shut it down. That's 0:20:10.670 --> 0:20:12.889 weird to me, but I don't think that's going to happen. 0:20:12.890 --> 0:20:16.220 I think that this bull run will probably take us 0:20:16.220 --> 0:20:20.270 up over $5 trillion total in the market cap, hopefully, 0:20:20.720 --> 0:20:23.389 and then maybe even closer to 10 trillion, because we 0:20:23.390 --> 0:20:26.239 can't have one entity being able to come in and 0:20:26.240 --> 0:20:29.869 move markets so efficiently like that. The ETF is going 0:20:29.869 --> 0:20:31.610 to be a little different on how they're doing that 0:20:31.609 --> 0:20:34.580 exchange traded fund and how they're going to build that out. 0:20:35.300 --> 0:20:38.540 I know that paper, paper silver is no good. There's 0:20:38.540 --> 0:20:42.470 like what, 500oz of silver for every one ounce of 0:20:42.470 --> 0:20:45.379 silver or it's 500oz of gold. One of the two, 0:20:45.380 --> 0:20:49.220 I don't remember which one is which, but there's 250 0:20:49.220 --> 0:20:52.550 times as much fake paper, gold or silver. And the 0:20:52.550 --> 0:20:55.400 other one is 500 times fake gold, whichever one it is, 0:20:55.400 --> 0:20:58.130 I don't remember. So if they start saying, hey, there's 0:20:58.130 --> 0:21:01.189 500 times fake Bitcoin, and then now all of a 0:21:01.190 --> 0:21:05.000 sudden we have, you know, a billion bitcoin that people 0:21:05.000 --> 0:21:07.430 are able to buy even though it doesn't exist. That's 0:21:07.430 --> 0:21:08.990 going to be weird. So you don't want to make 0:21:08.990 --> 0:21:11.420 sure that you have your real Bitcoin in your own 0:21:11.420 --> 0:21:14.090 real wallet that you have your own real keys to. 0:21:14.119 --> 0:21:17.900 Because if you're relying on, you know, fidelity or Blackrock 0:21:17.900 --> 0:21:20.780 or anybody else holding your Bitcoin for you and your 0:21:20.780 --> 0:21:24.500 retirement fund because you don't understand it, you're probably dealing 0:21:24.500 --> 0:21:25.850 with phantom bitcoin well. 0:21:25.850 --> 0:21:29.990 And that seems like the remedy to to having this 0:21:30.290 --> 0:21:32.780 scenario happen is that when you go and you buy 0:21:32.780 --> 0:21:35.990 your bitcoin through one of these brokerage houses, that you 0:21:35.990 --> 0:21:38.780 withdraw it and put it on, you know, your own 0:21:38.780 --> 0:21:42.950 ledger or, you know, Trezor or paper wallet or whatever, 0:21:42.950 --> 0:21:46.100 that you are holding the keys and that you are 0:21:46.100 --> 0:21:49.100 the custodian of it. Not only is it dangerous to 0:21:49.100 --> 0:21:52.790 have them hold it because, you know, they can create, 0:21:52.820 --> 0:21:56.630 they can print fake bitcoin that's not there to sell 0:21:56.630 --> 0:21:59.690 and they just profit on. But also let's say this 0:21:59.690 --> 0:22:03.710 social credit score system comes to us, you know, as 0:22:03.710 --> 0:22:06.050 it is they can freeze your bank accounts now. Well 0:22:06.050 --> 0:22:09.920 why couldn't they freeze your your crypto account through, you know, 0:22:09.920 --> 0:22:13.699 a major brokerage house? They could. And so this is 0:22:13.700 --> 0:22:17.030 why self custody and the spirit of bitcoin the intent 0:22:17.030 --> 0:22:19.940 of it for you to be your own bank, be 0:22:19.940 --> 0:22:20.570 your own bank. 0:22:20.570 --> 0:22:22.190 Because yeah. 0:22:22.369 --> 0:22:25.190 Yeah. You don't own your own crypto keys. You don't 0:22:25.220 --> 0:22:28.310 own your crypto. We've been talking about that for the 0:22:28.310 --> 0:22:31.790 longest time. And I think it's more relevant than now. 0:22:31.790 --> 0:22:35.840 Now investment strategies moving forward I would say again, we're 0:22:35.840 --> 0:22:39.770 not financial advisors, but I would say that what we've 0:22:39.770 --> 0:22:44.420 learned from the previous two bull runs is that, you know, 0:22:44.420 --> 0:22:47.959 peel off some profits, put some into Bitcoin, most likely 0:22:47.960 --> 0:22:49.880 a pretty good idea if you want to gamble on 0:22:49.880 --> 0:22:52.129 some of these coins that are irks and some of 0:22:52.130 --> 0:22:56.180 these other, you know, different cryptos, feel free whichever ones 0:22:56.180 --> 0:22:58.250 you think are the maybe the best ones. We've interviewed 0:22:58.250 --> 0:23:01.460 a lot of them on the show, right? Go ahead. 0:23:01.460 --> 0:23:05.900 But always think about building up your satoshis because long 0:23:05.900 --> 0:23:10.399 term it's beginning to look a lot like not Christmas. 0:23:10.400 --> 0:23:13.189 It's not. It's beginning to look a lot like potentially 0:23:13.190 --> 0:23:16.520 Bitcoin could become the world reserve currency down the road. Right. 0:23:16.520 --> 0:23:20.240 More countries are utilizing it. You know companies or countries 0:23:20.240 --> 0:23:25.990 are saying hey this is an official non favorable currency right. 0:23:26.000 --> 0:23:28.700 Or whatever, whatever the term that China said we mentioned 0:23:28.700 --> 0:23:31.340 a couple of weeks ago it was a non replicable 0:23:31.790 --> 0:23:35.239 token or something right. Not non-fungible non replicable. Like you 0:23:35.240 --> 0:23:38.000 can't create it out of thin air. And so this 0:23:38.000 --> 0:23:40.520 is a real thing. And so as more you know 0:23:40.520 --> 0:23:44.449 more countries around the world start adding validity to Bitcoin. 0:23:44.450 --> 0:23:47.510 Bitcoin's the clear winner on this thing for now. Right. 0:23:47.510 --> 0:23:49.790 And there's other companies and projects that are building stuff. 0:23:49.790 --> 0:23:52.250 But if you have a headquarters and you have a 0:23:52.250 --> 0:23:55.370 CEO and you have an effervescent founder that's out there 0:23:55.369 --> 0:23:58.310 talking about it, it's not as decentralized as you would 0:23:58.310 --> 0:24:00.830 like it to be. Whereas Bitcoin has none of those. Right? 0:24:00.830 --> 0:24:03.560 Effervescent founders, I like that. It reminds me of like 0:24:03.560 --> 0:24:05.090 Alka-Seltzer or something. 0:24:05.150 --> 0:24:06.740 It's kind of what it is. They're out there chatting 0:24:06.740 --> 0:24:09.140 rah rah rah, buy my bitcoin here. 0:24:09.140 --> 0:24:12.710 Here's my strategy. And of course you all are smart 0:24:12.710 --> 0:24:15.200 enough to go do your own due diligence and figure 0:24:15.200 --> 0:24:17.840 this stuff out. Don't do anything just because we're doing 0:24:17.840 --> 0:24:19.820 it or because you heard it on the show. Figure 0:24:19.820 --> 0:24:25.640 it out. So my strategy has been during this down. Market. 0:24:25.940 --> 0:24:30.170 I've been selling some of my NFTs for cryptos that 0:24:30.170 --> 0:24:32.870 I think are at a low. For example, wax is 0:24:32.869 --> 0:24:36.800 like $0.04 right now. The wax is lower now than 0:24:36.800 --> 0:24:40.970 when we sold the first Blockchain Hero series in 2020. 0:24:40.970 --> 0:24:43.240 It was at they were five five. It was five. Wow. 0:24:43.250 --> 0:24:49.520 So so right now I'm selling some NFTs on wax 0:24:50.030 --> 0:24:53.720 for less than I bought them for, but more wax 0:24:53.720 --> 0:24:56.150 than I bought them for because I might have bought them, 0:24:56.150 --> 0:25:00.050 you know, for a hundred wax when wax was, you know, $0.50. 0:25:00.050 --> 0:25:04.310 But now I can sell it for 500 wax. And 0:25:04.310 --> 0:25:10.580 I'm my wager. My calculated risk is that that wax, 0:25:10.580 --> 0:25:14.210 if wax does indeed go up again, and I'm I'm 0:25:14.210 --> 0:25:18.140 hoping that blockchain does succeed, then the value of that 0:25:18.140 --> 0:25:21.620 wax will be more than the value of the NFT. 0:25:21.619 --> 0:25:23.360 In other words, I don't think the NFT is going 0:25:23.359 --> 0:25:26.300 to increase in the same value as the value of 0:25:26.300 --> 0:25:27.920 the token, right? 0:25:27.920 --> 0:25:30.109 Better a good idea to stack some of that wax, baby, 0:25:30.440 --> 0:25:31.609 if you can. If. 0:25:31.670 --> 0:25:33.800 Yeah, well, if if wax can pull it off. They're 0:25:33.800 --> 0:25:36.470 making a lot of moves. There's some really interesting things happening. 0:25:36.470 --> 0:25:39.410 If you're not paying attention to the partnerships they're forming. 0:25:40.040 --> 0:25:43.670 There's alliances happening between blockchains. And I don't know what's 0:25:43.670 --> 0:25:46.400 been publicly announced yet. So I'm not going to say 0:25:46.400 --> 0:25:50.060 anything here in this recording that would violate any trust 0:25:50.060 --> 0:25:53.120 that's been put on me. Because, as you know, Travis 0:25:53.119 --> 0:25:56.179 and I have been on the Wax Advisory Council and 0:25:56.300 --> 0:25:59.540 we get to hear some things and we don't want 0:25:59.540 --> 0:25:59.980 to do that. 0:26:00.020 --> 0:26:02.359 And a bag of chips gets you a bag of chips. 0:26:02.690 --> 0:26:07.160 Yeah, pretty much pretty much. But they're great people. And 0:26:07.160 --> 0:26:10.700 we we think that there's opportunity there. And then my 0:26:10.700 --> 0:26:15.800 my strategy for for bitcoin is in crypto is I'm 0:26:15.800 --> 0:26:18.470 looking at the market now after six years of being 0:26:18.470 --> 0:26:21.619 involved in this six and a half and going look, 0:26:21.830 --> 0:26:26.450 if token X fails it has no bearing on whether 0:26:26.450 --> 0:26:30.020 or not Bitcoin fails. But if Bitcoin fails, all the 0:26:30.020 --> 0:26:33.830 other tokens are likely to fail as well. So what 0:26:33.830 --> 0:26:37.070 is the most reliable investment that you can make? So 0:26:37.100 --> 0:26:40.879 I think maybe I'm maturing and growing in my investment 0:26:40.880 --> 0:26:44.540 strategy and starting to listen more to those who have 0:26:44.540 --> 0:26:48.109 been purists on the show saying, right, buy bitcoin. 0:26:48.540 --> 0:26:49.820 Coin, buy bitcoin, buy Bitcoin. 0:26:49.820 --> 0:26:50.419 Yeah. 0:26:50.420 --> 0:26:52.460 And the thing is, is like Bitcoin is not going 0:26:52.460 --> 0:26:54.770 to you know, you're not going to have Bitcoin going 0:26:54.770 --> 0:26:58.100 100 X right. Those days are done. Bitcoin has gone 0:26:58.100 --> 0:27:00.830 up I don't even know that. It's like a million 0:27:01.100 --> 0:27:03.770 or something stupid since the early days. So if you 0:27:03.770 --> 0:27:06.560 got in bitcoin early you do not ever have to 0:27:06.560 --> 0:27:09.540 worry about dinero again. Because if you got in that 0:27:09.540 --> 0:27:12.380 shit under 100 bucks or under 500 bucks, and here 0:27:12.380 --> 0:27:15.740 we are at 20, 30,000 bucks and maybe going to 0:27:15.740 --> 0:27:18.530 hit 100,000 bucks. You're doing good. But so that's why 0:27:18.530 --> 0:27:21.080 I do think that it makes sense to peel off 0:27:21.080 --> 0:27:23.719 some to put it in the bitcoin. Maybe have a 0:27:23.720 --> 0:27:26.060 percentage of that that you're gambling on some of these 0:27:26.060 --> 0:27:28.520 cryptos that you think might be good technologies down the 0:27:28.520 --> 0:27:31.100 road because you got good leadership, you got people that 0:27:31.100 --> 0:27:34.100 you like behind it, checking out the market sentiment about those. 0:27:34.100 --> 0:27:38.780 Because as Bitcoin goes historically, Ethereum goes, the rest of 0:27:38.780 --> 0:27:42.590 them go. Bitcoin doesn't normally have more than 50% of 0:27:42.590 --> 0:27:46.790 the overall value of the crypto market. I think it's 0:27:46.790 --> 0:27:49.850 sitting at like 45, 46%, something like that right now. 0:27:49.850 --> 0:27:52.910 And so typically it'll get a little bit lower as 0:27:52.910 --> 0:27:55.160 some of the markets as some of the other cryptos 0:27:55.160 --> 0:27:57.860 start taking off and those in the top 50, there's 0:27:57.859 --> 0:27:59.510 going to be some really big ones in the top 0:27:59.510 --> 0:28:02.900 50 that go 2050 x. There's no doubt about it. 0:28:02.900 --> 0:28:05.090 But picking the right ones can be hard. Don't put 0:28:05.090 --> 0:28:07.910 all your eggs in one basket. I've done that before. 0:28:07.910 --> 0:28:10.820 That tanks that that tanks or stuff that tanks your basket. 0:28:11.450 --> 0:28:13.550 But I do think that, you know, selling my home 0:28:13.550 --> 0:28:15.410 right now is a good time because I can take 0:28:15.410 --> 0:28:18.200 that and get into some cryptos and, and have that I, 0:28:18.200 --> 0:28:21.679 that I do tend to enjoy and also taking some 0:28:21.680 --> 0:28:23.899 of that out and building a new startup that I'm 0:28:23.900 --> 0:28:26.390 working on. So this is fun. It's like I think that, 0:28:26.390 --> 0:28:29.540 you know, crypto has been a really wild ride. We've 0:28:29.540 --> 0:28:32.390 we've we've seen the ups, we've seen the downs. And 0:28:32.390 --> 0:28:34.820 I think we're about to see another big up. But 0:28:34.820 --> 0:28:37.070 then again, it's I also think that we're in such 0:28:37.070 --> 0:28:40.100 an interesting time now, Joel, with the economy kind of 0:28:40.100 --> 0:28:43.220 teetering and some of these world economies doing weird stuff 0:28:43.220 --> 0:28:46.400 right now and just like, man, if that's the case, 0:28:46.400 --> 0:28:48.110 if some of those things tank, you want to actually 0:28:48.110 --> 0:28:51.500 be in some Bitcoin because, I mean, you can't carry 0:28:51.500 --> 0:28:54.860 over $10,000 or more worth of gold. That's only five 0:28:54.860 --> 0:28:57.560 gold coins at this point, right? If you go across 0:28:57.560 --> 0:29:00.410 state borders or country borders, the only thing you could 0:29:00.410 --> 0:29:03.530 really do is have crypto in an encrypted wallet, and 0:29:03.530 --> 0:29:06.800 you could go with a few million dollars if you're lucky. So, 0:29:06.800 --> 0:29:08.990 you know, I think that having crypto at this point 0:29:08.990 --> 0:29:11.300 is a no brainer. Picking the right ones can be 0:29:11.300 --> 0:29:13.730 a little difficult, but as always, probably a good idea 0:29:13.730 --> 0:29:16.040 to grab some bitcoin. Not financial advice, but if you're 0:29:16.040 --> 0:29:18.140 tuning in to this, you know how it is. You 0:29:18.140 --> 0:29:19.670 got to do your own research and figure out what 0:29:19.670 --> 0:29:22.520 makes the most sense to you, because there is no 0:29:22.520 --> 0:29:24.350 silver bullet. We're going to say, hey, do this. You're 0:29:24.350 --> 0:29:26.420 going to be a. We never tell you any of that. 0:29:26.420 --> 0:29:28.040 We never. You're not going to make money. Listen to 0:29:28.040 --> 0:29:29.780 our show. You're going to just research it and find 0:29:29.780 --> 0:29:32.150 it on your own and be like, oh, silly rabbit. 0:29:32.450 --> 0:29:35.120 Silver bullets are for killing vampires. That's what we do 0:29:35.120 --> 0:29:39.110 with those. So, you know, the strategy for the coins 0:29:39.110 --> 0:29:41.900 that are in the tank is. Well, I'm holding them. 0:29:41.900 --> 0:29:45.350 If the project is still alive and they're, you know, trying, 0:29:45.350 --> 0:29:49.220 they're plodding along, trying to survive the bear market. Well, 0:29:49.220 --> 0:29:51.470 I'm going to hold some tokens, and I'm going to 0:29:51.470 --> 0:29:55.040 wait until. Because when Bitcoin goes up in the market's back, 0:29:55.040 --> 0:30:00.200 invariably many of those tokens will also rise along with them. 0:30:00.200 --> 0:30:02.870 And same thing with these NFTs. You know, I bought 0:30:02.870 --> 0:30:07.100 a mutant ape and it's probably it's probably survive the 0:30:07.100 --> 0:30:09.320 best out of all of them. But there's a lot 0:30:09.320 --> 0:30:13.580 of NFTs I have that have not kept value at all. 0:30:13.580 --> 0:30:16.340 And as long as the project is alive, why get 0:30:16.340 --> 0:30:19.040 out now? You know the market's going to come back. 0:30:19.040 --> 0:30:22.970 There is going to be another wave of excitement around 0:30:22.970 --> 0:30:26.690 NFTs as we move towards mainstream. And I remember building 0:30:26.690 --> 0:30:30.500 websites in the late 90s, and then the market collapsed 0:30:30.500 --> 0:30:33.620 in 2000, and people were writing articles that say, oh, 0:30:33.800 --> 0:30:37.190 the internet's over and e-commerce is over. And for four 0:30:37.190 --> 0:30:40.280 years I hung in there and I kept building, and 0:30:40.280 --> 0:30:42.980 I kept looking for ways to monetize as I'm growing 0:30:42.980 --> 0:30:48.860 my content. In 2004, four years later, it started coming back. 0:30:48.860 --> 0:30:51.650 And now look what happened. Bigger than ever. The internet 0:30:51.650 --> 0:30:55.730 is ubiquitous, and sticking with it was, you know, clearly 0:30:55.730 --> 0:30:58.100 the thing to do. And this is what's going to happen. 0:30:58.100 --> 0:31:02.450 I believe with crypto and NFTs, adoption moves on. 0:31:02.750 --> 0:31:06.230 Web one, right. It kind of crashed at the end 0:31:06.230 --> 0:31:09.710 of the year 2000, 1999, 2000, the big Tech bubble 0:31:09.710 --> 0:31:12.770 web one was kind of done. And then the grumblings 0:31:12.770 --> 0:31:14.510 of web two were beginning. Right. 0:31:14.510 --> 0:31:15.830 And grumblings. 0:31:15.830 --> 0:31:19.670 Yeah, grumblings and rumblings and, you know, see which ones 0:31:19.670 --> 0:31:21.020 we're going to, which ones were going to be the winners. 0:31:21.020 --> 0:31:25.850 I remember going to San Francisco in 2007 to the 0:31:25.850 --> 0:31:29.000 web two Expo, and just seeing all that was Twitter 0:31:29.000 --> 0:31:32.450 was brand new. You know, YouTube had just been acquired 0:31:32.450 --> 0:31:35.870 by Google and, you know, like, oh man, these for 0:31:35.870 --> 0:31:39.440 $1.6 billion. Like, how much is YouTube worth at this point? 0:31:39.440 --> 0:31:41.540 You knew YouTube was going to be worth so much. 0:31:41.540 --> 0:31:44.780 Now they even got YouTube TV. You can watch and 0:31:44.780 --> 0:31:47.120 I can see my Kansas City stuff, my news stop, 0:31:47.300 --> 0:31:49.910 and they're showing me Kansas City ads. It's like you 0:31:49.910 --> 0:31:51.500 knew they were going to do that. You knew that 0:31:51.500 --> 0:31:54.590 stuff was coming. And web two and here we are 0:31:54.590 --> 0:31:57.350 at The beginnings, and we've got some rumbling grumblings of 0:31:57.350 --> 0:32:00.050 web three. People are starting to build stuff. And I 0:32:00.050 --> 0:32:02.780 think that as this thing moves forward, I really think 0:32:02.780 --> 0:32:08.150 we're going to see a big shift with stuff. Joel, 0:32:08.150 --> 0:32:10.970 I think moving forward is going to be way bigger 0:32:10.970 --> 0:32:14.450 than VR. And I think when Apple drops their Vision 0:32:14.450 --> 0:32:17.540 Pro and because they have it, so you can actually 0:32:17.540 --> 0:32:19.400 see through. So they have cameras on the outside that's 0:32:19.400 --> 0:32:21.950 video and what you're seeing out there. So you're seeing 0:32:21.950 --> 0:32:23.540 it in here. And then you can see stuff on 0:32:23.540 --> 0:32:25.940 top of it. And now quest has come out with 0:32:25.940 --> 0:32:28.430 their they're coming out with their quest three. That's going 0:32:28.430 --> 0:32:30.860 to allow you to see through more. And that's going 0:32:30.860 --> 0:32:33.290 to be huge because then you can start putting actions 0:32:33.290 --> 0:32:36.410 and animations on top of real world things. And that 0:32:36.410 --> 0:32:40.850 reminds me of the company Vadim's VA Tom s right, 0:32:40.850 --> 0:32:43.310 they would block V originally back in the bull run 0:32:43.310 --> 0:32:47.780 of 2017. They're still building right. And they're creating these 0:32:47.780 --> 0:32:52.490 little virtual, you know, things that's popping up in the world. 0:32:52.490 --> 0:32:55.760 And so I think their time will come eventually as well. 0:32:55.760 --> 0:32:57.800 I'm kind of hoping that their time comes or some 0:32:57.800 --> 0:33:02.870 technology like that, because the the merger between the physical 0:33:02.870 --> 0:33:06.290 world and the digital world through your AR lenses is 0:33:06.290 --> 0:33:09.080 going to be another game changer. And I think that's 0:33:09.080 --> 0:33:10.940 going to be a fun thing to watch. And then 0:33:10.940 --> 0:33:15.830 being able to use AI to create new landscapes in 0:33:15.830 --> 0:33:19.010 AR and VR just by typing it or telling it 0:33:19.010 --> 0:33:21.740 what you want to create it like, we're really close 0:33:21.740 --> 0:33:23.390 to Star Trek shit, Joel. 0:33:24.350 --> 0:33:27.050 Are we going to be Borg? You will be assimilated. 0:33:27.050 --> 0:33:28.610 Be part of the collective. 0:33:28.730 --> 0:33:30.980 You will be part of the authoritarian. Hey, you. 0:33:30.980 --> 0:33:35.480 Know, we started this show not knowing, not being experts 0:33:35.480 --> 0:33:37.820 in wanting to learn from people smarter than us. Turns 0:33:37.820 --> 0:33:40.520 out we've learned a little bit along the way, but 0:33:40.520 --> 0:33:43.010 we're still learning. It's still a journey. We're glad that 0:33:43.010 --> 0:33:45.860 you guys are here with us on this journey. And 0:33:45.860 --> 0:33:47.690 for those of you who are not in the bad 0:33:47.690 --> 0:33:51.440 crypto nifty club, we mint NFTs and we are dropping 0:33:51.440 --> 0:33:54.500 them many times for free. And if you go to 0:33:54.800 --> 0:33:58.970 what is the what was the uncut dot network forward 0:33:58.970 --> 0:34:00.020 slash no. 0:34:00.020 --> 0:34:03.650 Bad crypto dot uncut dot network. 0:34:03.890 --> 0:34:04.280 Yeah. 0:34:04.400 --> 0:34:07.430 Or you can do.fm either one. Both of them were.fm. 0:34:07.430 --> 0:34:09.230 We're back crypto their network. 0:34:09.350 --> 0:34:11.150 We'll get you there and get the bad crypto nifty 0:34:11.150 --> 0:34:12.980 club NFT. It's like three bucks and we're going to 0:34:12.980 --> 0:34:15.290 airdrop stuff to you. We've already done a bunch of them. 0:34:15.290 --> 0:34:16.340 And I think Travis, you were. 0:34:16.550 --> 0:34:19.009 Almost 50 or something. Haven't we've done like 40 or 50. 0:34:19.610 --> 0:34:20.750 We've dropped to people. Yeah. 0:34:20.750 --> 0:34:23.450 This picture that you've created behind you, I think you're 0:34:23.450 --> 0:34:24.430 going to mess with it a little bit. 0:34:24.540 --> 0:34:25.589 More like I want. 0:34:25.590 --> 0:34:27.330 To animate it, I think I want to animate it 0:34:27.330 --> 0:34:29.130 and do something cool with it. So the so the 0:34:29.130 --> 0:34:30.210 bitcoin sort of exploded. 0:34:30.360 --> 0:34:33.000 Out of the way for a second. Let's see. Oh yeah. 0:34:33.000 --> 0:34:33.960 That looks badass. 0:34:33.989 --> 0:34:35.489 How about I just move me. There we go. 0:34:35.489 --> 0:34:38.280 Oh yeah. So we're going Travis is going to work 0:34:38.280 --> 0:34:40.169 on this. And this is going to be an NFT 0:34:40.170 --> 0:34:43.620 that we drop to everybody who's holding the bad crypto 0:34:43.620 --> 0:34:49.020 nifty club NFT, bad crypto Dot uncut network. Look for 0:34:49.020 --> 0:34:51.450 the spinny red NFT. Like I say, it's about three 0:34:51.450 --> 0:34:54.810 bucks and it's only we're only selling it to keep 0:34:54.810 --> 0:34:57.299 bots from claiming them, because if they're free, we don't 0:34:57.300 --> 0:35:00.330 want to be air dropping to to losers. 0:35:00.330 --> 0:35:02.730 Only when I say I say kiss my bots. 0:35:02.730 --> 0:35:03.780 Yeah, I say. 0:35:04.590 --> 0:35:05.280 I don't say that. 0:35:05.400 --> 0:35:08.190 So here's here's my last prediction. Kind of for the 0:35:08.190 --> 0:35:11.609 future is that there will be an episode 701 coming 0:35:11.610 --> 0:35:13.169 soon to your ear holes. 0:35:14.300 --> 0:35:16.490 Right on. We're going to keep trucking until we no 0:35:16.489 --> 0:35:17.509 longer are trucking. 0:35:17.719 --> 0:35:19.040 So there's no more trucks. 0:35:19.250 --> 0:35:22.190 So we're done. So we're done with that. But we 0:35:22.190 --> 0:35:24.440 appreciate you all for tuning in, man. You know, we 0:35:24.440 --> 0:35:26.510 got so many great fans that have tuned in. I 0:35:26.510 --> 0:35:29.330 have you know, I've encountered I know Joel has as well. 0:35:29.330 --> 0:35:31.219 When we go to conferences and stuff people are like, 0:35:31.219 --> 0:35:32.960 oh my God. I used to listen to you guys 0:35:32.960 --> 0:35:35.030 all the time and I'm like, why did you stop? Well, 0:35:35.060 --> 0:35:37.190 because I became more smart. 0:35:37.770 --> 0:35:38.600 Because the crypto. 0:35:38.600 --> 0:35:39.170 Market. 0:35:39.170 --> 0:35:39.980 You know, crypto. 0:35:39.980 --> 0:35:41.930 Market tanks. And then what happens is I think that's 0:35:41.930 --> 0:35:44.489 like we're kind of we like to crack jokes and 0:35:44.489 --> 0:35:47.670 then talk about crypto. We don't go so deep in there. 0:35:48.140 --> 0:35:50.630 And then, you know, sometimes after a while you're like, 0:35:50.630 --> 0:35:53.120 I need to go hear some of these nerdy nerfs, 0:35:53.120 --> 0:35:54.830 and then you go talk to them. Listen to this. 0:35:55.340 --> 0:35:56.450 All right. Thanks for listening. 0:35:56.480 --> 0:35:57.410 Transitory. 0:35:57.410 --> 0:36:00.350 We don't want to be your transitory crypto podcast. 0:36:00.350 --> 0:36:00.950 We don't. 0:36:00.950 --> 0:36:01.580 Care. 0:36:01.580 --> 0:36:03.259 Come, go, stay. 0:36:03.260 --> 0:36:05.800 But clean up after yourself. And remember, go. 0:36:05.870 --> 0:36:07.550 Stay bad, stay bad. 0:36:25.810 --> 0:36:26.529 Who's bad? 0:36:28.130 --> 0:36:31.940 The Bad Crypto Podcast is a production of Bad Crypto LLC. 0:36:31.969 --> 0:36:34.790 The content of the show, the videos and the website 0:36:34.790 --> 0:36:38.930 is provided for educational, informational and entertainment purposes only. It's 0:36:38.930 --> 0:36:42.830 not intended to be and does not constitute financial investment 0:36:42.830 --> 0:36:45.890 or trading advice of any kind. You shouldn't make any 0:36:45.890 --> 0:36:49.550 decisions as to finances, investing, trading or anything else based 0:36:49.550 --> 0:36:54.080 on this information without undertaking independent due diligence and consultation 0:36:54.080 --> 0:36:57.500 with a professional financial advisor. Please understand that the trading 0:36:57.500 --> 0:37:02.540 of bitcoins and alternative cryptocurrencies have potential risks involved. Anyone 0:37:02.540 --> 0:37:04.940 wishing to invest in any of the currencies or tokens 0:37:04.940 --> 0:37:08.330 mentioned on this podcast should first seek their own independent, 0:37:08.330 --> 0:37:10.280 professional financial advisor.