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Speaker 3: But let's just talk about this bigcoin that's going to
Speaker 3: be touched on it. But let's just talk about it
Speaker 3: in a conversational format. So the bigcoin etf set to
Speaker 3: debut tomorrow right on a New York stock exchange. Yeah,
Speaker 3: this is extremely important to keep in mind. It is
Speaker 3: not a pure bitcoin etf W. It's measured like in
Speaker 3: like bitcoin is measure coin.
Speaker 2: Future tied to the most important market there is.
Speaker 3: Yeah, the futures market, So the Bitcoin futures. So a
Speaker 3: lot of people bigcoin enthusiasts aren't really that happy about
Speaker 3: it because they feel like it's not you know, a
Speaker 3: pure you know ETF that is directly tied with bitcoin.
Speaker 3: It's tied to the future on bigcoin. But nevertheless it's
Speaker 3: still a big, big development. It's the first step in
Speaker 3: the crypto space, a big development in the stock market space.
Speaker 3: Different people have different opinions about it. So what is
Speaker 3: what's your what's you guys opinions thoughts about it?
Speaker 4: Yeah, I think it's it's a first step in the
Speaker 4: long term vision of having the ETF that actually has
Speaker 4: ties to the asset itself or assets in that class,
Speaker 4: and that's kind of things we discussed what will it
Speaker 4: do to the future price of it? And so, like
Speaker 4: Ian said in his presentation, I think he laid it
Speaker 4: up pretty perfectly. We've seen November as a month where
Speaker 4: we've seen bigcoin rise before. In fact, we spoke about together.
Speaker 4: When you initially invested in bitcoin, it.
Speaker 3: Was in November's six six thousand dollars.
Speaker 4: Yeah, I think might have been sixty five hundred hundred.
Speaker 2: We can't show that five.
Speaker 3: Hundred, you know, I'm saying how much.
Speaker 2: Oh, that's one of the awesome costs.
Speaker 3: Yeah, point with sixty six thousand dollars at the time
Speaker 3: with investment. Now now it's six sixty one.
Speaker 2: How do you think I feel in twenty thirteen, seven
Speaker 2: eight hundred.
Speaker 5: So it so.
Speaker 4: Proach is uh is the fund that is opening tomorrow.
Speaker 5: But we already spoke about a few weeks ago, maybe
Speaker 5: a couple of months ago, that the Deli has applied.
Speaker 5: A couple of other funds are going to be applying,
Speaker 5: but Invesco, which is a huge fund, has pulled out
Speaker 5: that application. And so the more funds that get involved, obviously,
Speaker 5: I mean, it could increase the price anywhere to I
Speaker 5: don't know what we said seventy five. I could see
Speaker 5: seventy five to eighty thousand. But we'll see what happens.
Speaker 5: It's an interesting space that that's just how cryptocurrency is.
Speaker 4: So we'll see.
Speaker 3: What's your what's your thoughts?
Speaker 6: You guys like Speed episode seven, you go check it out.
Speaker 6: I told you what the move was. The futures market
Speaker 6: tells you what the price of something that's going to be,
Speaker 6: and the future is the most important market. So because
Speaker 6: they couldn't get who they wanted to bring it forward
Speaker 6: and get quote unquote true exposure.
Speaker 2: This is a good first step, but you guys have
Speaker 2: to pick.
Speaker 6: Like, do you want a decentralized currency that says f
Speaker 6: you to the government and the American currency and all that
Speaker 6: that you guys be talking online, or do you want
Speaker 6: an ETF like you have to pick. So if you
Speaker 6: want it to be decentralized in a way to hide
Speaker 6: money and open transactions, you can't have both ways.
Speaker 2: And also, if you guys like.
Speaker 6: The speed and growth of the market, if you've ever
Speaker 6: traded futures, all my snipers please put sniper in chat.
Speaker 6: If the Bitcoin future will have the volume that I
Speaker 6: think it will over the next month, when you guys
Speaker 6: get into the ETF, you're gonna.
Speaker 2: Love the speed of it.
Speaker 6: That's why I always tell you to compare draw down
Speaker 6: versus what the growth is and that will tell you
Speaker 6: when you should be able to get in. It's a
Speaker 6: good first step, but I.
Speaker 2: Think the games here will be pretty damn amazing.
Speaker 6: I would not invest in it the first twenty third
Speaker 6: unless you have experience.
Speaker 2: But after that you guys would be safe. Guys would
Speaker 2: be safe. You have it.
Speaker 3: That is the bigcoin ETF. So let's talk about something
Speaker 3: that was trend in today. I posted it on Instagram
Speaker 3: and it miraculously went viral shortly after that. That ten
Speaker 3: percent the top ten percent of the wealthiest people in
Speaker 3: America on eighty nine percent of stocks our peatle I
Speaker 3: mean the top ten percent of the wealth wealthiest people
Speaker 3: in America eighty nine percent of the stocks. Well, that's
Speaker 3: that's something.
Speaker 2: That you.
Speaker 7: Ernest.
Speaker 5: What's up?
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Speaker 3: Even really wills because I mean, we're we're in the
Speaker 3: top ten percent. But do you think about it, So
Speaker 3: it's not like it's it's not it's not.
Speaker 2: True. You're smart.
Speaker 3: I mean, it's not like, it's not really that hard.
Speaker 3: It's not it's not like a magical Yeah, top ten
Speaker 3: percent is not really that well, it's not that crazy.
Speaker 3: But the long story short is this it's disturbing for
Speaker 3: a few different reasons. And one of the reasons why
Speaker 3: we created Market one days was to educate people and
Speaker 3: continuously educate people to get into the stock market. Because
Speaker 3: it's like, all right, if the top ten percent have
Speaker 3: ninety percent of the stocks, that's tell loss. Right, it's
Speaker 3: not a it's not a scam. It's not a pyramid scam,
Speaker 3: it's not a scheme. It's not gambling. They're doing they
Speaker 3: know what they're doing it doing it to make money.
Speaker 3: So this is something that you know should motivate people
Speaker 3: to level out the playing field a little bit, because
Speaker 3: unfortunately it's only getting worse. That eighty nine percent numbers
Speaker 3: are all time high, by the way, and.
Speaker 2: It's gonna grows probably ninety seven within fifteen years.
Speaker 3: So yeah, we are, we are making strides, but.
Speaker 6: Not fast enough. I'll say, I'll say what he wants
Speaker 6: to say. Stop bullshitting. This is why I'll tell you guys.
Speaker 6: Stop arguing man, Stop the red pill high value man
Speaker 6: thing with.
Speaker 2: Kevin Samuels, Stop all the rap debates.
Speaker 6: Stop who's better Kyrie versus Michael Beasley in the ninety
Speaker 6: eight bro None of that matters.
Speaker 2: None of that matters.
Speaker 6: We are the only people and only culture that they
Speaker 6: pit us against each other. And the thing that was
Speaker 6: most interesting about the Facebook tobacco is that when they're
Speaker 6: using this commentary and using these algorithms to make us right,
Speaker 6: it is to monetize us on their platforms, and then
Speaker 6: we go broke arguing with each other.
Speaker 2: I've never seen eighty people will be like yo time, bradyvert.
Speaker 6: It is to keep us distracted from the goal that
Speaker 6: matters most, which is freedom. If you want to be free,
Speaker 6: please put free in chat but who had the best
Speaker 6: verse between Dirk and twenty one shout out that it
Speaker 6: does not matter in the grand scheme of things. Dirt
Speaker 6: got his family paid. It is your job to get
Speaker 6: your family paid. I'm begged this while I'll say, no
Speaker 6: one before us did this kind of show for free.
Speaker 6: The only people that was at scale that was talking
Speaker 6: about investing Bono and Josh Brown, Jim Kramer, Dave Ramsey.
Speaker 6: Please put in chat who gave y'all better entries, better
Speaker 6: companies and less losses than me?
Speaker 2: But you know he's not spitting that, But you still
Speaker 2: got to give him credit for he has a he
Speaker 2: has a role of play.
Speaker 3: But as this Susie Orman, Yeah, they not really provide
Speaker 3: information like that.
Speaker 9: They get.
Speaker 3: Don't pick credit card debts and things like that. Like
Speaker 3: I mean, like that's yeah, it's a little different, a
Speaker 3: little different. It's a little different. Season is a little
Speaker 3: a little spicy.
Speaker 4: I would say it reminded me of the question that
Speaker 4: we get asked pretty frequently when we go out to
Speaker 4: the network in advance and we walked the streets. Is
Speaker 4: I have a large amount of money, what should.
Speaker 2: I do invested in the market?
Speaker 4: You get that question all the time, and so I
Speaker 4: saw that article is like dinging me. May mean, what
Speaker 4: are the wealthiest people in the world doing? That's what
Speaker 4: you should do, right, It's not like, wait, should I do?
Speaker 2: Real estation?
Speaker 5: What are the wealthiest people doing?
Speaker 2: And every.
Speaker 6: Every business person on earth is in the business of
Speaker 6: buying the best businesses on earth.
Speaker 2: We're the only ones who debated.
Speaker 6: And it's on Square versus Visa both help them, Bitcoin, Apple,
Speaker 6: both of them.
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