WEBVTT - EYL #150 Ryan Leslie & Hill Harper Talk Stocks, Bitcoin, & Wealth 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.360 Sponsored by the United States Department of Homeland Security. 0:01:00.120 --> 0:01:03.800 EARNS what's going on. Traditional universities are outdated and don't 0:01:03.840 --> 0:01:06.559 teach you how to become an entrepreneur. They just teach 0:01:06.600 --> 0:01:08.080 you how to become an employee. 0:01:08.680 --> 0:01:10.880 You go to school for four years and you leave 0:01:11.000 --> 0:01:14.959 with nothing but debt. But here why EYL University. Our 0:01:15.000 --> 0:01:16.520 curriculum is much different. 0:01:16.600 --> 0:01:19.240 Our university teaches you real world skills that you can 0:01:19.319 --> 0:01:22.800 use to gain financial freedom right away. In traditional universities, 0:01:22.800 --> 0:01:25.480 you learn from professors that have never did what they teach, 0:01:25.720 --> 0:01:27.680 and they teach you how to become an employee. At 0:01:27.680 --> 0:01:30.760 our university, we use instructors that are currently successful in 0:01:30.800 --> 0:01:33.679 specific field that they teach, and they teach you how 0:01:33.680 --> 0:01:34.679 to become an entrepreneur. 0:01:34.800 --> 0:01:38.680 For a limited time only, you can join EYL University 0:01:38.760 --> 0:01:42.319 for twenty five percent off of the annual membership. Learn 0:01:42.319 --> 0:01:45.679 about stocks, credit, real estate, crypto, and more. Go to 0:01:46.000 --> 0:01:50.000 eyluniversity dot com right now and sign up to become 0:01:50.040 --> 0:01:50.440 an earner. 0:01:50.480 --> 0:01:52.520 Don't wait, don't hesitate it over there now. 0:01:54.240 --> 0:01:59.160 My graduates from my school being false bad drop thanks 0:01:59.280 --> 0:02:01.760 rop might drop back drop. 0:02:12.840 --> 0:02:15.040 So first and foremost, thank you guys for coming. I 0:02:15.360 --> 0:02:20.280 really appreciate it. If you've watched Ryans Leslie's episode on 0:02:20.320 --> 0:02:22.480 Earn your Lesia, I'm sure you got a ton of game. 0:02:22.720 --> 0:02:25.000 And if you watched Till Harper, who was on Market 0:02:25.040 --> 0:02:27.840 Mondays twice, I'm sure you got a ton of game. 0:02:28.040 --> 0:02:29.919 So this is just gonna be an extension of that. 0:02:29.960 --> 0:02:32.320 It's titled Crypto, but we're gonna be talking about a 0:02:32.320 --> 0:02:34.880 lot more than just crypto. We're gonna be talking about 0:02:34.880 --> 0:02:38.800 the business world, investing, the musical side of things, group 0:02:38.880 --> 0:02:40.520 economics well. 0:02:40.360 --> 0:02:42.440 As long as with cryptocurrency as well. 0:02:42.560 --> 0:02:44.360 So you know, this is going to be one of 0:02:44.360 --> 0:02:47.800 these EYL conversations where you get a million a million 0:02:47.840 --> 0:02:51.280 dollars worth a game from people that have done it 0:02:51.320 --> 0:02:53.720 at a high level. That's doing it at a high level. 0:02:53.800 --> 0:02:58.240 So I encourage everybody to listen. It's very rare that 0:02:58.280 --> 0:03:00.560 you get an opportunity to head it's kind of information, 0:03:00.680 --> 0:03:04.120 especially from two gentlemen together at the same time. 0:03:04.280 --> 0:03:06.920 So let's get into it. Let's get into it, all. 0:03:06.880 --> 0:03:10.520 Right, Ryan, I want to talk with I want to 0:03:10.680 --> 0:03:14.360 I'm gonna ask you the first question. So you spoke 0:03:14.400 --> 0:03:18.040 about before as far as mentorship right in college, and 0:03:18.080 --> 0:03:21.560 you had an experience with Sandy Green, PhD. Right, So 0:03:22.440 --> 0:03:25.160 part of I feel like the community that we have 0:03:25.280 --> 0:03:28.239 built is mentorship. It's kind of like an online mentorship, 0:03:28.600 --> 0:03:31.079 and you never know how somebody can change your life, 0:03:31.120 --> 0:03:32.520 and experiences can change your life. 0:03:32.560 --> 0:03:35.560 So can you talk about that for sure? 0:03:36.920 --> 0:03:43.480 First of all, this echo is crazy. What I will say, though, 0:03:44.280 --> 0:03:50.680 is that mentorship is really like having an extended family member, 0:03:51.440 --> 0:03:54.680 somebody who's going to make an investment in you when 0:03:54.720 --> 0:03:58.760 you are already hard working, when you already know that 0:03:58.840 --> 0:04:02.600 you have the talent, you have the tenacity, you have 0:04:02.680 --> 0:04:07.280 the drive, the desire, the discipline, the dedication, and sometimes 0:04:07.280 --> 0:04:10.800 you just need the direction. And so for me, mentorship 0:04:10.880 --> 0:04:14.920 really was that moment when you know, my parents, they're 0:04:14.960 --> 0:04:19.120 from the Salvation Army, so they have always been storing 0:04:19.200 --> 0:04:22.080 up treasures in heaven. So what that means is that 0:04:22.120 --> 0:04:25.599 they sacrifice treasures on earth in the service of others 0:04:26.560 --> 0:04:31.080 to have treasures in heaven. That doesn't pay for a 0:04:31.080 --> 0:04:34.520 Harvard education, you know what I'm saying. And so they 0:04:34.520 --> 0:04:39.000 were able to actually inspire me to apply to Harvard 0:04:39.080 --> 0:04:42.120 very early. And I was lucky when I was there 0:04:42.160 --> 0:04:44.760 to actually have a mentor. And I truly believe that 0:04:44.760 --> 0:04:48.960 that made the difference between the trajectory that I already 0:04:49.040 --> 0:04:51.960 was on and where I've been able to get to now. 0:04:53.560 --> 0:04:56.279 So I want to ask you the next follow up question, Ryan, 0:04:56.480 --> 0:04:59.240 is stock question right in the long Lines where the 0:04:59.279 --> 0:04:59.880 market one day. 0:05:00.160 --> 0:05:01.800 Apple Apple. 0:05:01.839 --> 0:05:05.400 You invested in Apple in two thousand and nine, and 0:05:05.920 --> 0:05:08.200 I believe you have a sixteen thousand percent rate of 0:05:08.240 --> 0:05:13.159 return on that initial investment. If anybody watches the show, 0:05:13.200 --> 0:05:15.600 we always Ian always talks about. 0:05:15.640 --> 0:05:18.200 Buy and hold, buy and hold, and a. 0:05:18.160 --> 0:05:21.160 Lot of people get caught up in day trading and rotations, 0:05:21.480 --> 0:05:23.720 and he always says, you're gonna rotate your way into 0:05:23.760 --> 0:05:28.440 poverty by leaving your positions. So can you talk about 0:05:28.480 --> 0:05:31.320 that the value and what made you invest in Apple 0:05:31.440 --> 0:05:33.760 early and what made you keep it Because a lot 0:05:33.800 --> 0:05:36.320 of times people might have had one hundred percent, three 0:05:36.400 --> 0:05:38.520 hundred percent rate of return on their money and they're 0:05:38.520 --> 0:05:40.680 taking it out. You left it in and now you're 0:05:40.760 --> 0:05:45.600 up sixteen hundred sixteen thousand. You're up sixteen thousand percent 0:05:45.640 --> 0:05:46.719 on your initial investment. 0:05:46.760 --> 0:05:47.480 So talk about that. 0:05:48.279 --> 0:05:48.960 Yeah. For sure. 0:05:50.640 --> 0:05:54.680 To be a great long term investor, it really just 0:05:54.880 --> 0:05:59.640 comes down to three elements. The first and the second 0:05:59.680 --> 0:06:03.120 you can The third is up to the market in 0:06:03.160 --> 0:06:08.960 the economy. The first is just time. When do you 0:06:09.040 --> 0:06:13.159 start and how long do you hold? For me, my 0:06:13.279 --> 0:06:18.760 holding time horizon is always twenty years. And the reason 0:06:18.760 --> 0:06:22.200 why my time horizon is twenty years is because when 0:06:22.200 --> 0:06:26.240 you look at the history, anytime you've held if we 0:06:26.279 --> 0:06:28.960 talk about the S and P five hundred, or we 0:06:29.000 --> 0:06:33.119 talk about the total Stock Market Index, anytime you've held 0:06:33.120 --> 0:06:37.360 for twenty years, you've had a zero percent chance of loss, 0:06:38.080 --> 0:06:40.200 a zero percent chance of loss. I know a lot 0:06:40.240 --> 0:06:44.760 of people who are new to investing. I know for sure. 0:06:44.880 --> 0:06:49.160 My parents are from the Caribbean. They thought being in 0:06:49.160 --> 0:06:52.640 the stock market is just gambling. They see people actually 0:06:52.680 --> 0:06:55.719 do exactly what we were just talking about, that rotation 0:06:55.839 --> 0:06:58.159 where you just leave too much of that money on 0:06:58.200 --> 0:07:02.039 the table. You see it do one summersault or two summersaults. 0:07:02.040 --> 0:07:04.200 You've never seen your money dance like that, and you 0:07:04.320 --> 0:07:07.880 take it out. But twenty years is the time horizon. 0:07:08.520 --> 0:07:11.520 Number two is the rate of savings, and number three 0:07:11.560 --> 0:07:16.440 is the rate of return. When I make an investment, 0:07:16.520 --> 0:07:20.040 I want to be an owner, and ownership is not 0:07:20.160 --> 0:07:24.080 about a short term play. Just think if you actually 0:07:24.160 --> 0:07:28.920 bought a franchise and you put somebody in that franchise 0:07:28.960 --> 0:07:34.800 and on day one they were selling let's say, twenty Hamburgers. 0:07:36.200 --> 0:07:39.720 Then in two years they were selling three hundred Hamburgers. 0:07:40.240 --> 0:07:43.440 Why would you sell a franchise if it's actually delivering 0:07:43.520 --> 0:07:47.400 for you. So what I will say is that the 0:07:47.480 --> 0:07:51.560 reason I held though had to do with mentorship. I 0:07:51.640 --> 0:07:54.560 watched my investment go from one hundred thousand to three 0:07:54.680 --> 0:07:58.040 hundred and fifty thousand, and I remember a conversation I 0:07:58.080 --> 0:08:03.040 had with my mentor. Said, hey, look, man, I took 0:08:03.080 --> 0:08:09.080 your advice and man, one hundred thousand to three fifty 0:08:09.960 --> 0:08:12.040 I'm gonna cash out, get something nice for my mom. 0:08:13.000 --> 0:08:15.800 And he gave me an ultimatum at that time. He said, Ryan, listen, 0:08:16.720 --> 0:08:18.680 you can go ahead and cash out, give something nice 0:08:18.720 --> 0:08:20.560 to your mom, but we'll shake hands and I'll never 0:08:20.600 --> 0:08:24.480 teach you anything again. Or you figure out a different 0:08:24.520 --> 0:08:27.440 way to give something nice to your mom, and hold 0:08:27.480 --> 0:08:30.600 on to that investment and we'll check in every single 0:08:30.680 --> 0:08:35.720 year around tax time and we'll see what it grows to. 0:08:37.480 --> 0:08:39.280 And when we checked in this year, that one hundred 0:08:39.360 --> 0:08:42.360 thousand I got it on my birthday September twenty fifth, 0:08:42.360 --> 0:08:47.280 two thousand and nine, that one hundred thousand was just 0:08:47.400 --> 0:08:48.480 under sixteen million. 0:08:49.760 --> 0:08:51.600 And if I hadn't. 0:08:51.559 --> 0:08:53.480 Don't let that, don't let that go over your hand. 0:08:53.679 --> 0:08:55.520 Clap it up for that, ladies and gentlemen. 0:09:04.000 --> 0:09:07.240 But that's the difference that mentorship makes because for me, 0:09:07.320 --> 0:09:09.559 if it was up to me, I look in the mirror, 0:09:09.559 --> 0:09:12.760 I'm thinking, Man, I'm smart. I made a great investment. 0:09:13.240 --> 0:09:17.360 It's giving me a great return. And sometimes the lens 0:09:17.400 --> 0:09:21.400 of expertise and the lens of experience can actually provide 0:09:21.400 --> 0:09:24.320 you wings that allow you to fly further than you 0:09:24.360 --> 0:09:27.520 can fly on your own. And so that's why I 0:09:27.559 --> 0:09:29.920 think first and foremost when I look at a company, 0:09:29.960 --> 0:09:31.800 I want to be in a company that when I 0:09:31.840 --> 0:09:34.000 look around, I use it every day and the people 0:09:34.040 --> 0:09:36.840 I love they can't live without it. So when I'm 0:09:36.880 --> 0:09:39.400 looking at Instagram, I want to be an owner in Facebook. 0:09:39.679 --> 0:09:43.680 When I'm looking at devices that I'm seeing all around, 0:09:44.000 --> 0:09:45.719 I want to be an owner in that company. When 0:09:45.720 --> 0:09:49.840 I'm seeing the platform that I'm able to even listen 0:09:49.880 --> 0:09:54.600 to podcasts on, I want to be an owner. And 0:09:54.640 --> 0:09:58.720 you got to give the business time to materialize into 0:09:58.760 --> 0:10:02.280 the growth that you're looking for, because you want your 0:10:02.280 --> 0:10:06.679 money to work for you, So give the business the 0:10:06.800 --> 0:10:08.160 time to grow. 0:10:08.520 --> 0:10:12.360 Does that sound familiar if anybody watches market, mondays, this 0:10:12.440 --> 0:10:14.080 is the same thing that we've been saying for a 0:10:14.160 --> 0:10:17.559 very long time. You gotta buy good companies, hold them 0:10:17.559 --> 0:10:22.080 for twenty years tech companies. So these things that you 0:10:22.200 --> 0:10:25.560 keep hearing, as he said, it was mentorship. So you 0:10:25.600 --> 0:10:27.720 can get mentorship in a variety of different ways. So 0:10:27.720 --> 0:10:31.480 when you receive the information online, it's important to take 0:10:31.559 --> 0:10:34.280 heed to that because that one hundred thousand to three 0:10:34.400 --> 0:10:38.200 fifty is a great flip, but one hundred thousand to 0:10:38.600 --> 0:10:42.040 sixteen million is out of this world flip. 0:10:42.200 --> 0:10:44.040 It's different. It's a little different. 0:10:44.520 --> 0:10:47.960 And I say this like honestly, when you think about it, man, 0:10:49.880 --> 0:10:54.240 think about the companies that have done extremely well. They've 0:10:54.280 --> 0:10:58.079 always done well over a twenty to thirty year time horizon. 0:10:58.960 --> 0:11:00.760 And I want you to think, if you got into 0:11:00.760 --> 0:11:04.640 Amazon when it first IPO, when you got into Monster 0:11:04.880 --> 0:11:08.680 Energy when it first IPO, if you would have sold 0:11:08.920 --> 0:11:12.240 at a thousand percent I'm talking about ten x your money, 0:11:12.360 --> 0:11:15.800 you would have left tens of thousands of percent on 0:11:15.880 --> 0:11:20.160 the table. And a beautiful piece about money is when 0:11:20.240 --> 0:11:22.520 you put it to work for you. It's one of 0:11:22.559 --> 0:11:26.120 the greatest employees because it never has a sick day, 0:11:26.760 --> 0:11:30.280 it never goes on vacation and never asks for time off. 0:11:30.800 --> 0:11:34.520 It never gets old, it never gets weak. It's always 0:11:34.520 --> 0:11:38.000 there to keep working for you unless you actually go 0:11:38.040 --> 0:11:42.320 ahead and cash out. So when you actually earn the 0:11:42.360 --> 0:11:45.920 money and you put it to work, let it be 0:11:46.040 --> 0:11:49.800 your greatest employee and don't let it just be one. 0:11:51.160 --> 0:11:53.440 If I told you right now that the way that 0:11:53.480 --> 0:11:59.400 the stock market works is non discriminatory, the twenty percent 0:11:59.760 --> 0:12:01.720 that you are making a year is the same twenty 0:12:01.720 --> 0:12:05.440 percent that's afforded to Warren Buffett or any other hedge fund. 0:12:06.240 --> 0:12:10.360 The difference is how many dollars do you have growing 0:12:10.400 --> 0:12:13.880 by twenty percent. If you got one hundred dollars, well 0:12:13.880 --> 0:12:16.960 then that's twenty dollars. If you got one hundred thousand, 0:12:17.160 --> 0:12:20.559 well that's twenty thousand. If you got a million, well 0:12:20.559 --> 0:12:23.560 that's two hundred thousand. You got ten million, where y'all 0:12:23.600 --> 0:12:26.560 can continue to do the math. So when you actually 0:12:26.600 --> 0:12:32.720 earn the money, understand it's like a lifetime robot level 0:12:33.000 --> 0:12:36.920 employee that will always, always, always work for you. So 0:12:37.040 --> 0:12:41.160 give it the time to manifest into the wealth that 0:12:41.200 --> 0:12:42.120 you wanted to create. 0:12:43.040 --> 0:12:51.360 There you have it, Yes, clap it up for that hill, Harper. 0:12:52.080 --> 0:12:55.640 Let me ask you this question. The first question is 0:12:55.679 --> 0:12:59.079 going to be very simple. Why bitcoin why Bitcoin? I 0:12:59.120 --> 0:13:03.720 know you're you're bitcoin bull. You're extremely bullish on bitcoin. 0:13:03.800 --> 0:13:05.520 You built the platform. We're going to talk about the 0:13:05.520 --> 0:13:08.839 Black Wall Street. But why bitcoin? 0:13:09.320 --> 0:13:16.280 You know, bitcoin is ostensibly a store of value and 0:13:17.360 --> 0:13:23.120 a perfect form of money, and money is changing. It's 0:13:23.200 --> 0:13:27.200 changing very rapidly. We're moving very quickly out of fiat 0:13:27.240 --> 0:13:30.400 and hard money currency into digital currency and cryptocurrency. The 0:13:30.520 --> 0:13:33.640 question is where is it headed and how can we 0:13:33.679 --> 0:13:37.079 be early adopters and get into the space. Ryan is 0:13:37.120 --> 0:13:42.360 just talking about ownership. The beautiful thing about bitcoin is that, 0:13:42.480 --> 0:13:47.360 as Ryan just described, it is agnostic to race, it's 0:13:47.400 --> 0:13:52.920 agnostic to barriers of entry. It's literally just real estate 0:13:53.040 --> 0:13:57.320 on a blockchain, real estate on a ledger, and if 0:13:57.360 --> 0:14:02.080 you purchase a set number of satoshi's, you own a 0:14:02.080 --> 0:14:04.960 little bit of that real estate and it's a finite amount. 0:14:05.000 --> 0:14:10.120 What creates value with scarcity. That's why waterfront real estate 0:14:10.200 --> 0:14:12.920 is extremely valuable. It's more valuable than the real estate 0:14:12.960 --> 0:14:17.080 that's inland because there's more inland property than waterfront property. 0:14:17.400 --> 0:14:22.360 Scarcity drives value, and bitcoin is the most scarce crypto 0:14:22.400 --> 0:14:25.200 asset out there. Twenty one million be minted, there'll be 0:14:25.200 --> 0:14:28.680 at least three to five million lost or disappear. So 0:14:28.760 --> 0:14:32.280 you're really talking about in real way, somewhere around eighteen 0:14:32.400 --> 0:14:38.840 million bitcoin in any type of circulated supply. There are 0:14:38.840 --> 0:14:41.760 forty eight million millionaires in the world. There's not enough 0:14:41.800 --> 0:14:44.520 bitcoin to go for each millionaire to even hold one. 0:14:45.200 --> 0:14:47.520 You know, we will be talking about setoci's in the future, 0:14:47.640 --> 0:14:51.120 not even talking about bitcoin. But bitcoin isn't the only 0:14:51.160 --> 0:14:55.440 asset class in this space, but it is the one 0:14:55.560 --> 0:14:56.560 to enter into. 0:14:56.680 --> 0:14:56.840 Now. 0:14:56.920 --> 0:14:58.880 That's why my goal is to each black person in 0:14:58.880 --> 0:15:01.880 America hold it LEAs a million Stochi's. Put show hands, 0:15:01.880 --> 0:15:04.320 who has at least a million Satoshi's in their wallet 0:15:04.400 --> 0:15:05.840 right now? At least a million? 0:15:06.240 --> 0:15:06.640 A million? 0:15:08.640 --> 0:15:10.360 Raise, raise your hand if. 0:15:10.280 --> 0:15:11.960 You got a million Stochi's in your wallet. 0:15:13.640 --> 0:15:18.040 If you if you don't know what a stosi is, Okay, y'all, 0:15:18.080 --> 0:15:19.280 don't watch Market. 0:15:18.920 --> 0:15:22.360 Monday's shame on you. So let's let's let's. 0:15:22.280 --> 0:15:24.200 You don't watch market mondays, I see, I. 0:15:24.200 --> 0:15:26.400 Think shame on you should be a shame of yourself. 0:15:26.480 --> 0:15:29.480 All right, let's have this conversation. Then what is what 0:15:29.560 --> 0:15:32.080 is it? Can you explain to them what is sure? 0:15:32.280 --> 0:15:36.680 So so, so check this out y'all. Back in the day, 0:15:37.440 --> 0:15:42.560 gold was valued in terms of bricks, like how many 0:15:42.560 --> 0:15:44.600 bricks you got are in terms of weight? Right, And 0:15:44.640 --> 0:15:47.200 then as bricks got so expensive, they had to have 0:15:47.240 --> 0:15:51.040 a smaller fractal value of the gold, so they broke 0:15:51.040 --> 0:15:54.800 it down into pricing gold into ounces. The same thing 0:15:54.880 --> 0:15:57.720 is true for a setoshi. There are one hundred million 0:15:57.800 --> 0:16:01.960 satosis in every one bitcoin, just like there are one 0:16:02.040 --> 0:16:04.680 hundred pennies and a dollar. There are one hundred million 0:16:04.680 --> 0:16:07.840 satoshi's that make up one bitcoin. So what does that mean. 0:16:08.240 --> 0:16:11.680 What it means is a satoshi is one hundred million 0:16:11.840 --> 0:16:16.720 fractal share of one bitcoin. So as you build your satochi's, 0:16:16.800 --> 0:16:19.760 you don't need to just go out and buy a bitcoin. 0:16:19.960 --> 0:16:22.040 I can go into the black wall street wallert right now, 0:16:22.480 --> 0:16:25.480 check the current price of bitcoin. 0:16:26.360 --> 0:16:28.000 It is right. 0:16:27.840 --> 0:16:35.520 Now, real time, forty eight thousand, seven hundred and thirty 0:16:35.560 --> 0:16:39.560 and seventy five cent right. And and so if I 0:16:39.600 --> 0:16:43.840 want to buy right now live, I'm gonna buy ten dollars. 0:16:44.280 --> 0:16:47.880 I'm gonna preview my buy, I go in, I confirm, 0:16:48.160 --> 0:16:54.680 and then now I just bought point two eight two bitcoin, right, 0:16:54.760 --> 0:16:57.320 I just did that, right, And so a Satoshi is 0:16:57.320 --> 0:16:59.960 a fractal share of a bitcoin. So I just bought Sato. 0:17:01.200 --> 0:17:04.040 I bought a fractal share of a bitcoin right here 0:17:04.080 --> 0:17:07.280 on stage. And so my goal is to have every 0:17:07.359 --> 0:17:10.359 black person in America hold at least one million Toto. 0:17:10.400 --> 0:17:14.320 She's with basically forty million of us in this country. 0:17:14.680 --> 0:17:17.840 If we held a million Satohi's each, we would literally 0:17:17.880 --> 0:17:21.040 control the bitcoin market worldwide. People would have to come 0:17:21.080 --> 0:17:23.600 through us, and it'd be the first time in history 0:17:23.760 --> 0:17:32.120 that black Americans have controlled an asset class. And when 0:17:32.119 --> 0:17:35.240 you start controlling asset classes, you're able to do what 0:17:35.680 --> 0:17:39.280 set price. And if we're able to set price of 0:17:39.359 --> 0:17:43.440 a valuable, ascending value asset class, we have the other 0:17:43.440 --> 0:17:48.720 thing that's very important, leverage. Leverage is the critical piece. 0:17:48.760 --> 0:17:50.960 And so what I love what Ryan's talking about. He's 0:17:50.960 --> 0:17:55.439 talking about ownership. I'm talking about ownership. And if you 0:17:55.520 --> 0:18:00.320 think about ownership, we need to strategically own a sending 0:18:00.440 --> 0:18:03.800 value asset classes like high value blue chip stocks and 0:18:03.920 --> 0:18:06.879 hold them for long term, like a sending goal acid 0:18:06.880 --> 0:18:09.400 class like bitcoin, hold it long term. This is not 0:18:09.480 --> 0:18:12.920 a trading mentality. This is not Robin Hood. Robinhood is 0:18:13.000 --> 0:18:16.560 Robin the hood y'all. It's trying to get people to trade, 0:18:17.119 --> 0:18:19.159 because how do they make their money. They make their 0:18:19.160 --> 0:18:21.600 money off exchange. The more you trade, the more money 0:18:21.600 --> 0:18:24.480 they make. They want you jumping in and out of positions. 0:18:24.840 --> 0:18:28.280 That is not the way to build wealth. I never 0:18:28.320 --> 0:18:31.800 want you to sell the bitcoin you buy. What are 0:18:31.800 --> 0:18:33.000 you gonna do with it? You say, here, well, I 0:18:33.000 --> 0:18:35.399 still need liquidity, Sure, you still need liquidity. What you're 0:18:35.400 --> 0:18:37.600 gonna do. You're gonna buy it, You're gonna hold it, 0:18:37.760 --> 0:18:40.280 and then on the platform you're going to take out 0:18:40.280 --> 0:18:43.840 a loan against the equity or the upside of that asset. 0:18:44.040 --> 0:18:46.359 You're never gonna sell it, and the you're gonna pass 0:18:46.400 --> 0:18:49.240 that bitcoin onto your children, and they'll pass it on 0:18:49.280 --> 0:18:52.080 to their children's children. You can just think of bitcoin 0:18:52.200 --> 0:18:55.199 like wealthy people used to think of houses, Right, You 0:18:55.240 --> 0:18:57.840 get these real high value mansions. They're not flipping in 0:18:57.880 --> 0:19:01.240 and out of the house to extract the liquidity. They're 0:19:01.280 --> 0:19:04.639 holding the house and then just taking the equity out 0:19:04.720 --> 0:19:08.760 and reinvesting that equity into other assets and or liquidity 0:19:08.840 --> 0:19:11.520 challenges that they may have. Think about the same way. 0:19:11.520 --> 0:19:13.359 You're gonna be able to do that with bitcoin. On 0:19:13.400 --> 0:19:15.560 the black Wall Street Platform. 0:19:15.680 --> 0:19:17.960 Speaking of that, Yes, clap it up for that, ladies 0:19:18.000 --> 0:19:23.000 and gentlemen, speaking of that. Speaking of bitcoin, So, Ryan, 0:19:23.080 --> 0:19:26.000 going back to you, you had sixteen thousand percent rate 0:19:26.040 --> 0:19:29.600 of return on Apple, but I believe you have a 0:19:29.840 --> 0:19:32.200 thirty two thousand percent rate of return. 0:19:31.960 --> 0:19:34.480 On bitcoin, right, is that correct? 0:19:34.920 --> 0:19:35.440 That's right? 0:19:35.480 --> 0:19:35.880 All right? 0:19:36.240 --> 0:19:39.920 So you was obviously earlier invested in bitcoin as well. 0:19:40.000 --> 0:19:42.120 So when did you first invest in bitcoin? 0:19:43.040 --> 0:19:47.440 Yeah, anytime I have an interview or anytime I actually 0:19:47.520 --> 0:19:51.199 run into any one, they always say, Ryan, man, I 0:19:51.240 --> 0:19:56.680 heard about your laptop. Well, that laptop was a whole 0:19:56.800 --> 0:20:00.639 story in and of itself, and I was working on 0:20:00.680 --> 0:20:06.119 some music and I lost the files. So when you 0:20:06.160 --> 0:20:08.679 work on music, it's not enough to just have the 0:20:08.720 --> 0:20:14.119 finished record. You need the files. So my laptop went missing. 0:20:14.960 --> 0:20:18.199 I put up a million dollars as a reward for 0:20:18.280 --> 0:20:22.280 the return of the intellectual property, because who wants to 0:20:22.280 --> 0:20:24.080 pay a million dollars for a laptop? You could just 0:20:24.119 --> 0:20:27.840 go to Apple get one for two thousand dollars. Well, 0:20:27.840 --> 0:20:35.120 the laptop turned up, long story short, and the gentleman 0:20:35.160 --> 0:20:40.840 who found the laptop actually sued me to actually retrieve 0:20:40.920 --> 0:20:44.480 that reward one million dollars, and he actually won in 0:20:45.040 --> 0:20:50.840 New York court. And the next day I was on 0:20:50.880 --> 0:20:53.359 the cover of the New York Post. I sent it 0:20:53.359 --> 0:20:54.960 to my mom. She said, at least you look nice. 0:20:55.160 --> 0:20:55.760 I remember that. 0:20:56.560 --> 0:20:56.800 Yeah. 0:20:57.920 --> 0:21:01.440 I had a nice suit on, right, But the headline 0:21:01.520 --> 0:21:03.120 was rap weasel. 0:21:03.440 --> 0:21:05.639 First of all, rap weasel? Does that look like me? 0:21:07.119 --> 0:21:11.880 Rap weasel must pay one million? And then the next 0:21:11.960 --> 0:21:15.399 day I went to just go ahead and get a 0:21:15.480 --> 0:21:18.560 breakfast sandwich, and uh, it's the same place I go 0:21:18.680 --> 0:21:22.520 every day, and today this guy who is behind the 0:21:22.560 --> 0:21:24.320 county you want to take a picture with me. I said, well, 0:21:24.320 --> 0:21:25.440 I come here every day. Why do you want to 0:21:25.440 --> 0:21:27.480 take a picture with me? He said, well, because you 0:21:27.520 --> 0:21:30.840 want to cover the New York Post. You the rap weasel? Okay, 0:21:30.880 --> 0:21:32.399 all right, you want to take a picture. 0:21:32.440 --> 0:21:32.760 Okay. 0:21:34.720 --> 0:21:38.080 But the reason why that story is so important is 0:21:38.119 --> 0:21:41.560 because when you lose a judgment, well, then the federal 0:21:41.600 --> 0:21:43.960 government or the state government can just come in and 0:21:44.000 --> 0:21:48.760 freeze your assets. And so upon losing that one million 0:21:48.800 --> 0:21:53.919 dollar lawsuit, they froze two point three million dollars in 0:21:54.000 --> 0:21:58.280 my account. And I was in November twenty twelve, and 0:21:58.320 --> 0:22:00.560 that was a moment at which I started to think, Man, 0:22:00.600 --> 0:22:06.520 you know, do I really want a centralized currency to 0:22:06.760 --> 0:22:12.200 actually be controlled? And I'm talking about they just took 0:22:12.280 --> 0:22:14.240 double I only lost a million, while you take two 0:22:14.240 --> 0:22:17.480 point three, right, So I said, look, we got to 0:22:17.520 --> 0:22:19.639 find a different way. And luckily at that time, you know, 0:22:19.680 --> 0:22:21.920 I'm in a stute student. 0:22:21.520 --> 0:22:22.040 Of the game. 0:22:22.960 --> 0:22:25.960 And if you look back, all of this is verified. 0:22:26.160 --> 0:22:26.640 Look back. 0:22:26.680 --> 0:22:30.399 In June twenty thirteen, I put out a tweet I said, 0:22:30.600 --> 0:22:33.720 from now on, pay me in bitcoin, twenty thirteen. 0:22:35.040 --> 0:22:36.280 And what happened was I. 0:22:36.240 --> 0:22:41.280 Had a Shopify store twenty thirteen. So I'm early in Shopify, 0:22:41.320 --> 0:22:46.040 and bitcoin became the means by which I wanted to 0:22:46.080 --> 0:22:48.760 be paid. And I still do that to this day. 0:22:48.880 --> 0:22:51.960 But to give you a case in point, I sold 0:22:51.960 --> 0:22:57.840 an album five dollars the day, It's worth like seven hundred. 0:22:58.800 --> 0:23:03.160 I sold a hoodie forty seven dollars today is worth 0:23:03.200 --> 0:23:06.040 like six thousand. I sold a couple of meet and 0:23:06.080 --> 0:23:11.919 greets total price two thousand today is worth like one 0:23:12.000 --> 0:23:16.480 hundred and twenty two thousand. And that's just the differentiation 0:23:16.600 --> 0:23:18.199 of being able to get in early. And I know 0:23:18.240 --> 0:23:19.960 some of y'all might be thinking, like, man, I can't 0:23:20.000 --> 0:23:22.960 turn the time back to twenty thirteen. But I'll tell 0:23:22.960 --> 0:23:26.320 you right now, even if you buy some subtocis today, 0:23:26.359 --> 0:23:30.120