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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC.

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Speaker 2: Erness What's Up?

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Speaker 1: You ever walk into a small business and everything just

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Speaker 2: Our merch partners.

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Speaker 1: pushing your vision forward.

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Speaker 3: Let's talk about penalts. Here stock prices of seventy eight percent.

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Speaker 3: You had a date and they just land another seven

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Speaker 3: hundred and ninety five million dollars federal contract. If you

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Speaker 3: don't know, palent here is the defense AI defense company.

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Speaker 3: They're the ones that's supplying all the drones here internationally

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Speaker 3: all over. Okay, is this the next in video? As

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Speaker 3: far as the run like the run that we saw

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Speaker 3: with in video a couple of years ago is pound here,

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Speaker 3: the next run like.

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Speaker 4: That in video is the second greatest returning asset. Next

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Speaker 4: to bitcoin if you look over a ten year period.

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Speaker 4: So I'm not sure if they'll be there, but I

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Speaker 4: do think that they may be the new Tesla for

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Speaker 4: ELI went off the rails, So I will look at

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Speaker 4: this like like the twenty eleven twenty ten moment. They

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Speaker 4: are on fire. I can see them getting to one

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Speaker 4: fifty eight by the end of the year if things

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Speaker 4: remain the same. I do think they're having an amazing run.

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Speaker 4: Still morally don't love to invest into them, but if

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Speaker 4: you're looking for a potential exer price, if that's going

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Speaker 4: to be a point of contention, by the end of

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Speaker 4: the year, one p fifty eight is where I think

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Speaker 4: they should land.

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Speaker 2: And I think they're probably one of the best run companies.

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Speaker 4: And since there isn't any more quantitative easing, notice that

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Speaker 4: we are not building more social apps, we are building

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Speaker 4: more data and apps. We're building real things that have

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Speaker 4: an impact in the real world. And I think pallunteer

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Speaker 4: at a time when it was not sexy to be

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Speaker 4: in a space when quantitative easing was afloat. They found

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Speaker 4: their footing as the economy has changed, so they've done

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Speaker 4: it a tremendous job.

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Speaker 2: Maybe not the new in Video. But I do think

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Speaker 2: they are the new Tesla. That's fair comparison.

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Speaker 1: The market cap is at three hundred and twenty eight billion,

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Speaker 1: and you're right, like, if it has a run like

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Speaker 1: a Tesla run, you can you can see that getting

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Speaker 1: up two once trillion. Yeah, I mean defense decond, We've

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Speaker 1: seen the power of it. It's going to lead the

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Speaker 1: way for the for the their future and the long

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Speaker 1: term future. I'll be interested in seeing the cybersecurity sector

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Speaker 1: as well. When when we talk about we talk about

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Speaker 1: it from a defense standpoint, but the security around it

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Speaker 1: is going to be important too, So I'll be interested

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Speaker 1: in seeing that.

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Speaker 2: But yeah, I think that was probably the most accurate.

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Speaker 1: I don't know if in Video, which is on pace

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Speaker 1: to be at four trillion, presumably by the end of

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Speaker 1: this month. Yeah, hopefully right, for all sakes, we'll be

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Speaker 1: happy to see that first time in history that that

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Speaker 1: has happened.

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Speaker 2: I don't know if it does that just because the

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Speaker 2: use case is so radically different.

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Speaker 1: Yeah sure, Yeah, it's just such a it's just a

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Speaker 1: drastic difference in what they're being used for.

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Speaker 2: But yeah, I think this is this will be a

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Speaker 2: trillion dollar company.

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Speaker 4: Three year target price two hundred and thirty five.

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Speaker 2: I want to be the first on record to say it.

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Speaker 4: I don't want to hear all in the morning taking

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Speaker 4: my take on other platforms, but two thirty five fifty

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Speaker 4: seven is where I happened in three years. UH entry

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Speaker 4: point for pallunteer. I like one twenty seven ninety nine.

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Speaker 4: If you're holding for long term one twenty seven ninety nine.

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Speaker 3: You heard them seven ninety nine, Ladies and gentlemen, bigcoin.

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Speaker 3: How much crypto should somebody holding their portfolio.

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Speaker 4: I'm gonna be on the record and say that the

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Speaker 4: sixty to forty bonds split instead to any advisor who

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Speaker 4: emails you and tells you otherwise, I'm sorry. I can't

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Speaker 4: get a real answer what's going on with the BIB market.

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Speaker 4: I do think at this point it's inevitable and highly

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Speaker 4: advisable for at least twenty percent of your portfolio to

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Speaker 4: be into cryptocurrency if we're just looking over a return basis,

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Speaker 4: and I'm not mentioning all coins. I'm talking about that

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Speaker 4: the big three. If you look at Ray Dalyio's All

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Speaker 4: Weather portfolio strategy, the last asset class to be added

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Speaker 4: was crypto. But it's given the most return, it would

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Speaker 4: behoove you to have at least twenty percent in.

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Speaker 2: You don't.

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Speaker 4: I don't think you have to be one hundred percent

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Speaker 4: in if you don't believe in it in that fashion.

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Speaker 4: But I think to focus sixty or forty percent on

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Speaker 4: bonds that would be a mistake. I will replace that

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Speaker 4: with twenty percent crypto, twenty percent gold. If you're looking

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Speaker 4: for a hedge, and the reciping equities twenty percent.

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Speaker 2: That's it.

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Speaker 4: That's according to the prices that And I know y'all

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Speaker 4: like to re write history. I did call twenty.

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Speaker 2: Thousand well documented, well documented. You don't have to like

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Speaker 2: me or whatever the case, but those levels were key.

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Speaker 4: If you've got in and you just put in twenty

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Speaker 4: percent of your portfolio from their return, we're at a

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Speaker 4: multiple five from.

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Speaker 1: There, right Because I think Chris Johnson said this too, man,

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Speaker 1: And if you didn't check out that that episode of

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Speaker 1: Market Money is please go check that out. Cra like

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Speaker 1: the beautiful thing about crypt bitcoins that the price it

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Speaker 1: is today, it won't be in five years. So I remember,

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Speaker 1: and historically that data has proven its proven that, and

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Speaker 1: I remember we started doing this show. This is going

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Speaker 1: on year six now, but we used to say like

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Speaker 1: five percent between two to five percent, and as this

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Speaker 1: thing is conned up, it's becoming overwhelmingly clear, like wait,

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Speaker 1: we got to make an adjustment. So the original was

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Speaker 1: like twenty five percent of having exposure to biitcoinin Yeah, yeah, I.

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Speaker 4: Remember when I thought a bigcoin being at five hundred

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Speaker 4: bucks is a lot like okay, twenty fifteen at two

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Speaker 4: sixty July fourth, twenty sixteen, six seventy five, twenty seventeen

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Speaker 4: to two point six k, twenty eighteen six point six K,

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Speaker 4: twenty twenty at nine point one K, twenty twenty one

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Speaker 4: at thirty five K.

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Speaker 3: Somebody say, Ian, do you expect another ten to fifteen

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Speaker 3: percent pull back before the end of the year.

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Speaker 4: If you go to inininvest dot com and enjoining red Pandemic,

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Speaker 4: you would know exactly my thoughts on the price to

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Speaker 4: be able to get in if I've made you money,

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Speaker 4: put yes and chat back.

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Speaker 2: To you for shot control. Thank you fancying that clearly.

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Speaker 1: This so next year, by that four year cycle of bitcoin,

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Speaker 1: next year was supposed to be there, Well you might

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Speaker 1: see a pullback based on that after having we there's

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Speaker 1: like that cycles that we broke down, so it would

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Speaker 1: be next year.

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Speaker 2: So we'll see. We'll see this year. It should. It's

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Speaker 2: still have some appreciation in there's always pullbacks.

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Speaker 5: Yeah again, part of it you need that so, but

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Speaker 5: the deep pullbacks of dropping thirty five and forty percent,

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Speaker 5: given the institutional involvement, that's gonna be rough to head

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Speaker 5: it again.

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Speaker 4: I think we'll never see a twenty five thousand bitcoin

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Speaker 4: ever again. In life twenty eight thousand.

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Speaker 6: An illegal alien from Guatemala charged with raping a child

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Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 6: accused of murdering a Texas man of Venezuelan charged with

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Speaker 6: filming and selling child pornography in Michigan. These are just

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Speaker 6: some of the heinous migrant criminals caught because of President

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Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 6: one hundred thousand illegal aliens have been arrested. If you

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Speaker 6: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,