1 00:00:04,600 --> 00:00:07,680 Speaker 1: So the big question is this, how do investors like 2 00:00:07,920 --> 00:00:11,800 Speaker 1: us get access to the ideas, information, and most importantly, 3 00:00:12,039 --> 00:00:14,880 Speaker 1: the right people that give us the tools of information 4 00:00:14,960 --> 00:00:19,000 Speaker 1: we need to make informed and educated decisions to have success. 5 00:00:19,600 --> 00:00:22,319 Speaker 1: That is the question, and this podcast will give us 6 00:00:22,400 --> 00:00:25,520 Speaker 1: the answers. This is Mark Moss, your host. Let's get 7 00:00:25,520 --> 00:00:30,040 Speaker 1: this started. Welcome to another episode of the Market Disruptors podcast. 8 00:00:30,080 --> 00:00:34,120 Speaker 1: You know, we like to talk about disruptive companies, companies 9 00:00:34,120 --> 00:00:37,879 Speaker 1: that are disrupting markets, technologies, but also people who are 10 00:00:37,920 --> 00:00:40,920 Speaker 1: disrupting things. And today we're talking to someone a little 11 00:00:40,920 --> 00:00:43,960 Speaker 1: bit differently. We are talking to Kenny Florian, who's a 12 00:00:44,080 --> 00:00:48,080 Speaker 1: UFC legend um hopefully a potential Hall of Famer, and 13 00:00:48,320 --> 00:00:51,080 Speaker 1: he is it was UFC fighter and was and is 14 00:00:51,120 --> 00:00:53,880 Speaker 1: now also a UFC commentator. It's a little bit different, 15 00:00:53,920 --> 00:00:55,880 Speaker 1: but you have to understand Um, he has been a 16 00:00:55,920 --> 00:00:59,480 Speaker 1: disruptive person. He's been involved in the very beginning of things. 17 00:01:00,040 --> 00:01:01,720 Speaker 1: UM seen them blow up and to be really big 18 00:01:01,760 --> 00:01:04,399 Speaker 1: big things. Built his platform off of him. He's also 19 00:01:04,480 --> 00:01:07,480 Speaker 1: been an investor for most of his life before he 20 00:01:07,560 --> 00:01:11,760 Speaker 1: was a UFC fighter, and he's been involved in investing. 21 00:01:11,800 --> 00:01:13,640 Speaker 1: He can tell you what it takes to become a champion, 22 00:01:14,080 --> 00:01:17,400 Speaker 1: and he likes cryptocurrencies. So let's get right in. Let's 23 00:01:17,400 --> 00:01:23,440 Speaker 1: talk to Kenny Florian. So we have Kenny Florian on 24 00:01:23,440 --> 00:01:26,920 Speaker 1: on today. Uh, and he is known as being a fighter, 25 00:01:26,920 --> 00:01:29,280 Speaker 1: he's known as being a commentator for UFC, among many 26 00:01:29,319 --> 00:01:32,240 Speaker 1: other things. Um, he's been kind of at the forefront 27 00:01:32,280 --> 00:01:35,280 Speaker 1: of a couple of things that have really changed the 28 00:01:35,319 --> 00:01:39,160 Speaker 1: way that we view entertainment and whatnot. And he's a 29 00:01:39,160 --> 00:01:41,199 Speaker 1: perfect guy to talk to you about disrupting markets because 30 00:01:41,200 --> 00:01:42,720 Speaker 1: he's really been a piece of it, and so I 31 00:01:42,760 --> 00:01:47,400 Speaker 1: wanted to have him on to talk about that. So Kenny, Uh, welcome, 32 00:01:48,400 --> 00:01:51,800 Speaker 1: Thanks so much, man. I always enjoy your information on 33 00:01:51,880 --> 00:01:56,560 Speaker 1: crypto and good good to be talking to great So, uh, 34 00:01:56,880 --> 00:01:59,080 Speaker 1: I want to get into that. But you know, I 35 00:01:59,160 --> 00:02:01,440 Speaker 1: know we're we're right around the same age. I think 36 00:02:01,440 --> 00:02:03,120 Speaker 1: I got you by just a couple of years. But uh, 37 00:02:03,400 --> 00:02:05,600 Speaker 1: so we I think we're old enough to have seen 38 00:02:05,720 --> 00:02:08,760 Speaker 1: this massive shift that's really happened in our world, right. 39 00:02:08,960 --> 00:02:12,440 Speaker 1: I mean we were both there before internet days, and UM, 40 00:02:12,680 --> 00:02:15,640 Speaker 1: I really feel that we're just now really seeing the 41 00:02:15,720 --> 00:02:18,080 Speaker 1: shift in our world from the Internet where where people 42 00:02:18,200 --> 00:02:21,120 Speaker 1: you know, all this decentralization and information and whatnot. So 43 00:02:21,120 --> 00:02:23,440 Speaker 1: so we're like young enough to kind of get it, 44 00:02:23,440 --> 00:02:26,440 Speaker 1: but old enough to have that perspective, which is cool. Um. 45 00:02:26,480 --> 00:02:29,480 Speaker 1: But you, uh, you you went down I know, you 46 00:02:29,480 --> 00:02:31,800 Speaker 1: went to college and then you went into the UFC 47 00:02:31,880 --> 00:02:35,079 Speaker 1: and started fighting. Tell me about that just a little bit. Yeah. So, Um, 48 00:02:35,240 --> 00:02:37,480 Speaker 1: I was in Boston College. I did martial arts as 49 00:02:37,480 --> 00:02:41,000 Speaker 1: a kid, and I was playing soccer there and uh 50 00:02:41,200 --> 00:02:44,200 Speaker 1: found Brazilian jitsu while I was in college and be 51 00:02:44,320 --> 00:02:47,840 Speaker 1: connected with martial arts and UM as I was playing 52 00:02:47,880 --> 00:02:50,400 Speaker 1: soccer for for BC. You know, I just had I 53 00:02:50,400 --> 00:02:52,320 Speaker 1: felt like I always had this mistress on my mind, 54 00:02:52,320 --> 00:02:56,000 Speaker 1: which was martial arts and Brazilian jitsu specifically, and really 55 00:02:56,040 --> 00:02:59,079 Speaker 1: just got very much into it. Um started competing in 56 00:02:59,120 --> 00:03:01,080 Speaker 1: Brazilian jitsu and and back in the day, you know, 57 00:03:01,160 --> 00:03:05,639 Speaker 1: people really had no idea of what Brazilian jiu jitsu is. UM. Now, 58 00:03:05,680 --> 00:03:08,600 Speaker 1: I feel like, specifically in southern California, you see them. 59 00:03:08,800 --> 00:03:11,680 Speaker 1: You see Brazilian Jet two academies everywhere nowadays, it seems. 60 00:03:11,720 --> 00:03:14,200 Speaker 1: But back in the day, a lot of people didn't 61 00:03:14,240 --> 00:03:15,720 Speaker 1: know what it was. And of course it was a 62 00:03:15,760 --> 00:03:18,840 Speaker 1: grappling yard and it came into prominence because of the 63 00:03:19,400 --> 00:03:22,440 Speaker 1: Ultimate Fighting Championship and the Gracie family and their success 64 00:03:22,480 --> 00:03:27,000 Speaker 1: in the UFC, and ultimately the UFC became um more 65 00:03:27,080 --> 00:03:31,160 Speaker 1: about not what martial arts discipline was the best, but 66 00:03:31,800 --> 00:03:35,600 Speaker 1: UM basically there was the idea that you need to 67 00:03:35,680 --> 00:03:39,280 Speaker 1: do know everything, you need to be good at kickboxing 68 00:03:39,360 --> 00:03:42,480 Speaker 1: and wrestling and Brazilian jiu jitsu and and that kind 69 00:03:42,480 --> 00:03:45,640 Speaker 1: of morphed into something completely different. And ultimately, as I 70 00:03:45,680 --> 00:03:47,440 Speaker 1: was competing in Brazilian jiuit, so I said, you know, 71 00:03:48,320 --> 00:03:50,880 Speaker 1: the tough test is really how I would do against 72 00:03:51,280 --> 00:03:54,320 Speaker 1: another train mixed martial arts fighter. How would I do 73 00:03:54,400 --> 00:03:58,000 Speaker 1: against a skilled UH fighter who kind of knew everything? 74 00:03:58,040 --> 00:04:01,240 Speaker 1: And I didn't really want to learn kickboxing the other stuff. 75 00:04:01,240 --> 00:04:03,200 Speaker 1: It was more of a test of my Brazilian jude 76 00:04:03,320 --> 00:04:06,600 Speaker 1: in the beginning. And UM, one fight led to another 77 00:04:06,640 --> 00:04:10,400 Speaker 1: fight and another fight, and UM, I found myself on 78 00:04:10,440 --> 00:04:13,600 Speaker 1: the Ultimate Fighter Season one. UM I was asked to 79 00:04:13,640 --> 00:04:16,280 Speaker 1: do that. I was the least experienced person on there. 80 00:04:16,920 --> 00:04:20,400 Speaker 1: UM and UH ultimately you know, made it to the 81 00:04:20,440 --> 00:04:23,120 Speaker 1: final and was offered a contract with the UFC. And 82 00:04:23,600 --> 00:04:26,359 Speaker 1: you know, for me, like in my family, you know, 83 00:04:26,400 --> 00:04:29,360 Speaker 1: my my father is a physician, and he expected me 84 00:04:29,400 --> 00:04:32,080 Speaker 1: to go to law school after graduating from Boston College. 85 00:04:32,080 --> 00:04:34,240 Speaker 1: It was like, wait, what are you doing there? How 86 00:04:34,279 --> 00:04:36,560 Speaker 1: are you gonna try to make money doing martial arts? 87 00:04:36,600 --> 00:04:39,680 Speaker 1: And now you're gonna fight in the cage? Are you crazy? 88 00:04:39,800 --> 00:04:42,560 Speaker 1: So it was kind of a bit of leap of 89 00:04:42,600 --> 00:04:46,040 Speaker 1: faith because back then you really couldn't do that well. 90 00:04:46,080 --> 00:04:48,719 Speaker 1: You know, it wasn't really a big time professional sport 91 00:04:48,760 --> 00:04:51,720 Speaker 1: back then. And um, you know, I was lucky enough 92 00:04:51,800 --> 00:04:54,640 Speaker 1: that I did well. And of course the UFC kind 93 00:04:54,680 --> 00:04:57,760 Speaker 1: of blew up, you know, around that that same time, 94 00:04:57,800 --> 00:05:00,360 Speaker 1: and um, I think in large part two to the 95 00:05:00,400 --> 00:05:03,680 Speaker 1: reality show and it brought in a whole new audience 96 00:05:03,720 --> 00:05:07,000 Speaker 1: of fans, and um, it's uh, it was. It was 97 00:05:07,040 --> 00:05:10,960 Speaker 1: a crazy trip. So, um, you know, I want to 98 00:05:10,960 --> 00:05:12,840 Speaker 1: talk about that just a little bit. So you know, 99 00:05:13,160 --> 00:05:17,240 Speaker 1: you it did blow up at the time. Um did 100 00:05:17,279 --> 00:05:19,200 Speaker 1: you did you see the future there? Right? So I 101 00:05:19,200 --> 00:05:21,640 Speaker 1: want to like get this perspective for people because we 102 00:05:21,680 --> 00:05:24,760 Speaker 1: have as investors, we suffer from normalcy bias where we 103 00:05:24,800 --> 00:05:27,280 Speaker 1: think like, whatever is happening today will always continue to 104 00:05:27,320 --> 00:05:29,359 Speaker 1: be that way. And that's why people didn't see the 105 00:05:29,360 --> 00:05:32,120 Speaker 1: Internet when it was coming in. People today doubt cryptocurrencies 106 00:05:32,160 --> 00:05:34,560 Speaker 1: because we can't see past that. So I'm just curious 107 00:05:34,800 --> 00:05:37,320 Speaker 1: when the UFC first started and I remember those early days. 108 00:05:37,480 --> 00:05:39,480 Speaker 1: Did you see that or did you just get kind 109 00:05:39,520 --> 00:05:42,880 Speaker 1: of lucky? You know? I think a little bit of both. Um. 110 00:05:43,120 --> 00:05:47,400 Speaker 1: I definitely saw the potential in it, UM. And I 111 00:05:47,440 --> 00:05:52,000 Speaker 1: saw that boxing was kind of dying out a little bit. UM. 112 00:05:52,200 --> 00:05:54,640 Speaker 1: And I just thought that mixed martial arts was a 113 00:05:54,720 --> 00:05:57,119 Speaker 1: very exciting thing. And I'm I'm the kind of person 114 00:05:57,160 --> 00:06:01,279 Speaker 1: that tends to be um let by my passion and 115 00:06:01,320 --> 00:06:04,760 Speaker 1: also the passion of other people. And UM, when I 116 00:06:04,839 --> 00:06:07,160 Speaker 1: saw this sport, I knew it had a lot of potential. 117 00:06:07,200 --> 00:06:09,080 Speaker 1: I wasn't sure if we were going to be able 118 00:06:09,120 --> 00:06:11,800 Speaker 1: to pull it off, um, but they did. I think 119 00:06:11,839 --> 00:06:14,080 Speaker 1: they made a lot of great business decisions over the 120 00:06:14,160 --> 00:06:17,799 Speaker 1: years of getting the right TV deals and uh marketing 121 00:06:18,160 --> 00:06:21,599 Speaker 1: uh it and the fighters in the right way, and um, 122 00:06:21,640 --> 00:06:24,799 Speaker 1: you know, it was able to become a huge success. 123 00:06:24,839 --> 00:06:27,920 Speaker 1: You know. I think that the the UFC was purchased 124 00:06:28,520 --> 00:06:31,040 Speaker 1: by the Fatida brothers, who are these casino owners back 125 00:06:31,080 --> 00:06:33,920 Speaker 1: in the day, I think for like two million dollars, 126 00:06:34,480 --> 00:06:38,000 Speaker 1: and they recently sold a few years ago to w 127 00:06:38,320 --> 00:06:41,160 Speaker 1: M E I M g uh for four point two 128 00:06:41,200 --> 00:06:44,920 Speaker 1: billion dollars. So I mean quite quite an amazing turnaround. 129 00:06:45,000 --> 00:06:47,960 Speaker 1: And you know I was lucky enough to be a 130 00:06:48,000 --> 00:06:49,960 Speaker 1: part of them. Yeah. So that's one thing that I 131 00:06:50,000 --> 00:06:52,080 Speaker 1: talked about a lot, which is, you know, these things 132 00:06:52,120 --> 00:06:54,320 Speaker 1: that come around that are disruptive, they kind of killed 133 00:06:54,400 --> 00:06:56,280 Speaker 1: the old way and bring in a new way, and 134 00:06:56,320 --> 00:06:58,479 Speaker 1: if you can catch them soon enough, then you have 135 00:06:58,560 --> 00:07:01,080 Speaker 1: this huge opportunity. So, like you said, the Rito brothers 136 00:07:01,120 --> 00:07:03,400 Speaker 1: did right. They saw this, they believed in the future, 137 00:07:03,440 --> 00:07:05,560 Speaker 1: they made that future come real and they went from 138 00:07:05,600 --> 00:07:08,360 Speaker 1: two million to four billion. But even you and I 139 00:07:08,400 --> 00:07:10,280 Speaker 1: talked about this a lot where we don't have to 140 00:07:10,360 --> 00:07:12,320 Speaker 1: invent anything, we don't have to create anything. We can 141 00:07:12,360 --> 00:07:13,840 Speaker 1: just be in the right place at the right time, 142 00:07:14,400 --> 00:07:16,600 Speaker 1: believe in it enough to hitch our wagon. And that's 143 00:07:16,640 --> 00:07:18,560 Speaker 1: kind of what you did in a sense where you 144 00:07:18,640 --> 00:07:20,640 Speaker 1: didn't you didn't invent it, you didn't create you weren't 145 00:07:20,640 --> 00:07:22,640 Speaker 1: even pushing it, but you did see the opportunity you 146 00:07:22,640 --> 00:07:24,720 Speaker 1: did jump in, and you've built a career out of it. 147 00:07:25,360 --> 00:07:28,120 Speaker 1: Absolutely uh. And and then you know, of course that 148 00:07:28,200 --> 00:07:32,200 Speaker 1: led to you know, me doing commentary and hosting you know, 149 00:07:32,400 --> 00:07:35,960 Speaker 1: various UFC shows over the years, and um, it really 150 00:07:36,000 --> 00:07:40,160 Speaker 1: has become quite quite an impressive monster. Yeah, it's great. 151 00:07:40,200 --> 00:07:42,200 Speaker 1: And and so I just think, you know a lot 152 00:07:42,240 --> 00:07:44,720 Speaker 1: of times people get um, you know, may maybe they 153 00:07:44,760 --> 00:07:48,080 Speaker 1: get overwhelmed or confused. They don't really understand, uh, you know, 154 00:07:48,120 --> 00:07:50,400 Speaker 1: these opportunities are investing and things like that, but really 155 00:07:50,400 --> 00:07:53,440 Speaker 1: it's just life and it's really just about seeing opportunities, 156 00:07:53,480 --> 00:07:56,720 Speaker 1: seizing opportunities, believing in the future, pushing the future, etcetera. 157 00:07:56,920 --> 00:07:59,600 Speaker 1: So I like that. Now, I know through your career 158 00:07:59,680 --> 00:08:01,480 Speaker 1: like that. I'm a fan, and I know you were 159 00:08:01,840 --> 00:08:03,680 Speaker 1: one of the maybe kind of known for being one 160 00:08:03,720 --> 00:08:06,760 Speaker 1: of the smarter fighters, but you kind of really had 161 00:08:06,800 --> 00:08:10,560 Speaker 1: good game plans and pick that. Um. So I guess 162 00:08:10,560 --> 00:08:13,120 Speaker 1: maybe that leads to you seeing those opportunities and kind 163 00:08:13,120 --> 00:08:16,760 Speaker 1: of seeing that I hope. So, you know, I think, um, 164 00:08:17,800 --> 00:08:20,640 Speaker 1: I think it's it's important to kind of be able 165 00:08:20,720 --> 00:08:23,280 Speaker 1: to look ahead a little bit and also try to 166 00:08:23,920 --> 00:08:26,280 Speaker 1: do what other people aren't doing or what the majority 167 00:08:26,920 --> 00:08:30,720 Speaker 1: aren't doing. I think that that's super important, not only 168 00:08:30,760 --> 00:08:33,280 Speaker 1: for investment, but I think in a lot of different fields. 169 00:08:33,320 --> 00:08:36,200 Speaker 1: I think if you want to be successful, Um, you 170 00:08:36,280 --> 00:08:40,360 Speaker 1: have to understand that things are evolving around us all 171 00:08:40,440 --> 00:08:43,760 Speaker 1: the time, and if you get onto something a little 172 00:08:43,800 --> 00:08:46,839 Speaker 1: bit too late, you can miss it completely. And if 173 00:08:46,880 --> 00:08:50,200 Speaker 1: you have a certain passionate interest in that field, why 174 00:08:50,240 --> 00:08:53,000 Speaker 1: not you know, try to lead the way and look 175 00:08:53,040 --> 00:08:55,440 Speaker 1: for things that are a little bit different than whatever 176 00:08:55,480 --> 00:08:58,360 Speaker 1: other people are doing. Um. You know, in the hopes 177 00:08:58,440 --> 00:09:01,160 Speaker 1: that it's going to turn into something special. And I 178 00:09:01,200 --> 00:09:03,319 Speaker 1: think I've always looked to try to do that. I've 179 00:09:03,360 --> 00:09:07,120 Speaker 1: always looked to try to get into things that, um, 180 00:09:07,160 --> 00:09:10,640 Speaker 1: I find is interesting, getting the things that I'm passionate about, 181 00:09:11,200 --> 00:09:14,800 Speaker 1: um and uh, and try to try to do things 182 00:09:14,880 --> 00:09:18,480 Speaker 1: a little bit differently than than what the majority is doing. Yeah, 183 00:09:18,480 --> 00:09:20,320 Speaker 1: and I want to find out what those things are. 184 00:09:20,320 --> 00:09:22,720 Speaker 1: But I want to ask you first, UM. You know, 185 00:09:23,080 --> 00:09:25,839 Speaker 1: a lot of people see these opportunities, but they don't. 186 00:09:26,679 --> 00:09:28,560 Speaker 1: We all want it to be like this big mystery 187 00:09:28,559 --> 00:09:30,560 Speaker 1: that if I can figure out, everything comes easy. But 188 00:09:30,600 --> 00:09:33,120 Speaker 1: I always say that the truth is it's actually pretty simple, 189 00:09:33,160 --> 00:09:35,000 Speaker 1: but it's hard to do because it's hard work. Right. 190 00:09:35,280 --> 00:09:37,800 Speaker 1: So obviously to achieve the level of success you've done, 191 00:09:37,840 --> 00:09:39,600 Speaker 1: you've put in a lot of hard work. You've had 192 00:09:39,640 --> 00:09:43,199 Speaker 1: to overcome a lot of adversity and whatnot. Tell me 193 00:09:43,240 --> 00:09:45,920 Speaker 1: a little bit about the mindset that you've had to 194 00:09:45,960 --> 00:09:48,079 Speaker 1: have in the commitment you've had to have in order 195 00:09:48,120 --> 00:09:51,960 Speaker 1: to achieve that success, you know, I'm I think it's 196 00:09:52,080 --> 00:09:56,160 Speaker 1: very important to have UM good mentors around you. I 197 00:09:56,160 --> 00:10:00,080 Speaker 1: think that's extremely important. I think that, you know, in 198 00:10:00,120 --> 00:10:02,760 Speaker 1: the martial arts world or in a lot of different worlds. 199 00:10:02,840 --> 00:10:05,280 Speaker 1: You know, we we were only standing on the shoulders 200 00:10:05,280 --> 00:10:08,000 Speaker 1: of giants, and but at the same time we have 201 00:10:08,160 --> 00:10:10,959 Speaker 1: to look to try to make those things better and 202 00:10:11,280 --> 00:10:14,720 Speaker 1: try to see what other people aren't seeing or try 203 00:10:14,800 --> 00:10:20,280 Speaker 1: to look for um perhaps say a deeper perspective on 204 00:10:20,360 --> 00:10:23,840 Speaker 1: what's going on, and UM try to bring new things 205 00:10:23,880 --> 00:10:26,000 Speaker 1: to to the space as well. And I think that 206 00:10:26,080 --> 00:10:29,160 Speaker 1: was always what I tried to do, is bring techniques 207 00:10:29,200 --> 00:10:32,960 Speaker 1: and training regiments and UM different things that definitely worked 208 00:10:33,040 --> 00:10:36,280 Speaker 1: for me specifically, but always try to do things that 209 00:10:36,559 --> 00:10:39,400 Speaker 1: very few people were doing at the time. So I 210 00:10:39,440 --> 00:10:42,320 Speaker 1: was always willing to take those risks and sometimes it 211 00:10:42,360 --> 00:10:44,360 Speaker 1: worked out, but for the majority of the time it 212 00:10:44,440 --> 00:10:47,560 Speaker 1: always worked out. You know, it worked out more often 213 00:10:47,600 --> 00:10:50,200 Speaker 1: than it didn't. And I think you we have to 214 00:10:50,240 --> 00:10:54,320 Speaker 1: be willing to um, have that mindset of having a 215 00:10:54,320 --> 00:10:57,040 Speaker 1: little bit of faith both in ourselves and in the 216 00:10:57,080 --> 00:11:00,920 Speaker 1: space that we're in, UM, and and be able to 217 00:11:00,960 --> 00:11:04,080 Speaker 1: work hard to to prove ourselves. Right. UM. I think 218 00:11:04,120 --> 00:11:08,120 Speaker 1: that's that's super important no matter what we're doing. Yeah, 219 00:11:08,120 --> 00:11:10,680 Speaker 1: that's great. Um. Yeah. So I just you know, I 220 00:11:10,679 --> 00:11:12,920 Speaker 1: see a lot of people. They want this better life, 221 00:11:12,960 --> 00:11:14,480 Speaker 1: They dream of this better life. They want to be 222 00:11:14,520 --> 00:11:16,320 Speaker 1: a better investor, they want to know what to invest into, 223 00:11:16,360 --> 00:11:18,360 Speaker 1: but they don't want to put the time in. And 224 00:11:18,440 --> 00:11:21,280 Speaker 1: that's that was kind of what I was asking about, Like, UM, 225 00:11:21,320 --> 00:11:23,640 Speaker 1: you know, it's simple, but it's not easy. You mean, 226 00:11:23,679 --> 00:11:25,280 Speaker 1: and you have to put the work in. It's easy, 227 00:11:25,400 --> 00:11:27,719 Speaker 1: you know what to do, you just have to do it. Um. 228 00:11:27,760 --> 00:11:30,199 Speaker 1: And So, like you said, you were kind of reinventing yourself. 229 00:11:30,240 --> 00:11:32,200 Speaker 1: And I would imagine, you know, you're learning this new 230 00:11:32,240 --> 00:11:34,400 Speaker 1: technique that feels very foreign to you. But after you 231 00:11:34,440 --> 00:11:36,880 Speaker 1: do it enough, it starts to feel comfortable. You're You're 232 00:11:36,880 --> 00:11:39,720 Speaker 1: okay having those failures, knowing that's part of it because 233 00:11:39,760 --> 00:11:43,440 Speaker 1: you know ultimately will achieve that that success right absolutely, 234 00:11:43,520 --> 00:11:46,040 Speaker 1: And and again, like you said, putting in the time 235 00:11:46,120 --> 00:11:49,840 Speaker 1: and the effort you know, every single day doing again, 236 00:11:49,920 --> 00:11:53,560 Speaker 1: doing more, doing more than everyone, putting in more time, 237 00:11:53,760 --> 00:11:57,680 Speaker 1: putting in more of your creative mind into the process 238 00:11:57,720 --> 00:12:00,920 Speaker 1: as well, that there's a true end this amount of 239 00:12:01,520 --> 00:12:04,480 Speaker 1: work ethic that is needed. But it's not only work ethic. 240 00:12:04,559 --> 00:12:08,280 Speaker 1: I think it's uh using your mind to be creative, 241 00:12:08,600 --> 00:12:12,840 Speaker 1: using your focus, being as present as possible, to learn 242 00:12:12,880 --> 00:12:16,080 Speaker 1: from those experiences and uh and be able to adjust 243 00:12:16,080 --> 00:12:20,320 Speaker 1: and adapt I think is huge. Yeah, yeah, definitely, it's great. Yeah, 244 00:12:20,360 --> 00:12:22,480 Speaker 1: I love it. I just always just always just try 245 00:12:22,520 --> 00:12:25,040 Speaker 1: and reinforce that, like you have to put the time 246 00:12:25,080 --> 00:12:26,000 Speaker 1: and you have to put the work in. So I 247 00:12:26,000 --> 00:12:29,000 Speaker 1: appreciate you saying that. Now. UM, I know another project 248 00:12:29,000 --> 00:12:30,079 Speaker 1: you've been on for a couple of years is this 249 00:12:30,160 --> 00:12:35,839 Speaker 1: Battle Bots. Um, I uh just kind of curious about that. Um. 250 00:12:35,880 --> 00:12:37,719 Speaker 1: I think it's it's kind of more just kind of 251 00:12:37,760 --> 00:12:40,280 Speaker 1: like a fun show. What do you think about that? 252 00:12:40,360 --> 00:12:42,840 Speaker 1: What do you think about robots being in the future. 253 00:12:42,880 --> 00:12:44,679 Speaker 1: I know with AI and stuff, it's really start to 254 00:12:44,720 --> 00:12:47,080 Speaker 1: take off, But what do you think about that? Yeah, 255 00:12:47,120 --> 00:12:50,199 Speaker 1: it's impressive. You know, I think I've always been fascinated 256 00:12:50,240 --> 00:12:52,920 Speaker 1: with all forms of combat, and you know, we have 257 00:12:53,120 --> 00:12:55,280 Speaker 1: these engineers that are part of battle Bots that are 258 00:12:55,320 --> 00:12:57,040 Speaker 1: some of the best in the world. Guys that are 259 00:12:57,080 --> 00:13:00,720 Speaker 1: working for UH, you know, the Jet Propulsion law UH 260 00:13:00,720 --> 00:13:05,800 Speaker 1: in Pasadena, were the guys from NASA, various engineers from 261 00:13:05,840 --> 00:13:09,640 Speaker 1: from all over the world, Brazil, Europe, the United States, 262 00:13:09,679 --> 00:13:12,920 Speaker 1: and you know, as a part of their job, you know, 263 00:13:13,280 --> 00:13:16,520 Speaker 1: they are doing engineering in various aspects. But I think 264 00:13:16,760 --> 00:13:19,520 Speaker 1: these guys have a lot of fun putting that aside 265 00:13:19,640 --> 00:13:22,760 Speaker 1: and using engineering for something fun like combat. And they 266 00:13:22,800 --> 00:13:25,520 Speaker 1: built you know, these robots that are up to two 267 00:13:26,000 --> 00:13:29,800 Speaker 1: fifty pounds UH. And they come in with various tactics 268 00:13:29,800 --> 00:13:33,320 Speaker 1: and various weapons and various styles of um how they 269 00:13:33,360 --> 00:13:37,400 Speaker 1: put it together. UM. And you know it's kind of 270 00:13:37,440 --> 00:13:41,280 Speaker 1: this Uh. It's been around, I guess since the nineties, 271 00:13:41,320 --> 00:13:45,400 Speaker 1: but the reboot of battle Bots kind of happened, I guess, 272 00:13:45,679 --> 00:13:50,080 Speaker 1: um what two thousand fifteen or so. UM. And we 273 00:13:50,080 --> 00:13:54,400 Speaker 1: were originally on ABC, now we're on Discovery Channel, and UM, yeah, 274 00:13:54,400 --> 00:13:56,800 Speaker 1: I remember watching it, uh, you know in the late 275 00:13:56,880 --> 00:13:59,680 Speaker 1: nineties and early two thousands and being fascinated with it. 276 00:13:59,720 --> 00:14:02,560 Speaker 1: And you see how how far the robots have come, 277 00:14:02,640 --> 00:14:04,480 Speaker 1: both in the materials that they use and the kind 278 00:14:04,520 --> 00:14:07,440 Speaker 1: of weapons that they use, and every year you see 279 00:14:07,480 --> 00:14:11,200 Speaker 1: these teams step it up. Um, and just seeing that 280 00:14:11,280 --> 00:14:14,000 Speaker 1: evolution is something that I've always been fascinated with of 281 00:14:14,320 --> 00:14:17,360 Speaker 1: how these how the how these teams are learning from 282 00:14:17,360 --> 00:14:21,280 Speaker 1: their experiences and adapting and getting better. Um. The ones 283 00:14:21,320 --> 00:14:23,920 Speaker 1: that don't, they're not doing too well, they die off. 284 00:14:24,000 --> 00:14:26,840 Speaker 1: The ones that are that are taking to this new technology, 285 00:14:27,200 --> 00:14:30,720 Speaker 1: taking the risks, um, but not maybe going too far 286 00:14:31,480 --> 00:14:34,000 Speaker 1: with the technology, are the ones that are always doing 287 00:14:34,040 --> 00:14:38,120 Speaker 1: extremely well, the ones that are making those small improvements. Um. 288 00:14:38,360 --> 00:14:42,400 Speaker 1: And it's it's been fun just meeting the teams and 289 00:14:42,400 --> 00:14:45,640 Speaker 1: and seeing how they how they evolve and get better. 290 00:14:45,720 --> 00:14:47,800 Speaker 1: It's just a lot of fun. And the fights have 291 00:14:47,880 --> 00:14:51,840 Speaker 1: been obviously very entertaining as well. Yeah. Now, um, when 292 00:14:51,880 --> 00:14:54,920 Speaker 1: you went to college, what did you what was your major? Um? 293 00:14:54,960 --> 00:14:57,640 Speaker 1: You know, I started off of political science and then 294 00:14:57,720 --> 00:15:02,080 Speaker 1: moved into communications. Uh. Um. So my my plan was 295 00:15:02,080 --> 00:15:04,560 Speaker 1: originally I was part of the pre law program. My 296 00:15:04,560 --> 00:15:07,800 Speaker 1: my goal was to ultimately go to law school, and 297 00:15:07,840 --> 00:15:11,440 Speaker 1: obviously that change. I went to a different kind of school. 298 00:15:11,560 --> 00:15:15,080 Speaker 1: Uh fighting in a cage. But um, yeah, that's that's 299 00:15:15,120 --> 00:15:20,520 Speaker 1: that's what I majored in. Alright, good now. Um, Obviously 300 00:15:20,560 --> 00:15:22,840 Speaker 1: most people know we talked about investing, and so I 301 00:15:23,080 --> 00:15:25,120 Speaker 1: want to I want to kind of transition into that. UM. 302 00:15:25,160 --> 00:15:27,480 Speaker 1: Like I said before, though, I think there's lessons that 303 00:15:27,520 --> 00:15:29,720 Speaker 1: we get from all areas of life that really pile 304 00:15:29,800 --> 00:15:32,680 Speaker 1: into this UM. I have two young girls. My ten 305 00:15:32,760 --> 00:15:35,720 Speaker 1: year old does jiu jitsu. Talking about how in southern 306 00:15:35,720 --> 00:15:37,440 Speaker 1: California everybody seems to do it right, So my ten 307 00:15:37,480 --> 00:15:38,960 Speaker 1: year old daughter does jud's been doing it for a 308 00:15:39,000 --> 00:15:41,440 Speaker 1: couple of years now, competes a little bit here and there. Uh. 309 00:15:41,520 --> 00:15:44,880 Speaker 1: I have an older daughter who's a competitive surfer, and 310 00:15:44,880 --> 00:15:46,960 Speaker 1: I always tell them like, like, look, it's not about 311 00:15:47,040 --> 00:15:49,680 Speaker 1: the sport. This is about life, right, These are the 312 00:15:49,680 --> 00:15:51,440 Speaker 1: things that you're learning for life. So I like to 313 00:15:51,480 --> 00:15:54,840 Speaker 1: I like to draw those comparisons. That's cool, But um, 314 00:15:55,000 --> 00:15:58,480 Speaker 1: knowing that you're a smarter guy, college educated, you've really 315 00:15:58,520 --> 00:16:01,840 Speaker 1: managed to build yourself a nice career. Obviously you you 316 00:16:01,920 --> 00:16:05,160 Speaker 1: we kind of connected to the cryptocurrency space, um, before 317 00:16:05,200 --> 00:16:08,160 Speaker 1: we jumped right into crypto, Like, how do you view 318 00:16:08,400 --> 00:16:11,120 Speaker 1: just investing in general, that stuff that you've like dabbled in. 319 00:16:11,200 --> 00:16:14,120 Speaker 1: You bought a house, you've you've put money away into stocks, 320 00:16:14,120 --> 00:16:16,240 Speaker 1: like what's you just overall viewpoint and kind of where 321 00:16:16,280 --> 00:16:19,240 Speaker 1: you're out with that for sure. You know I've always um, 322 00:16:19,320 --> 00:16:22,960 Speaker 1: I guess my first kind of investments happened pretty early 323 00:16:22,960 --> 00:16:25,600 Speaker 1: in my early twenties. Um, and it was mainly in 324 00:16:25,680 --> 00:16:29,280 Speaker 1: real estate of just started small by you know, buying 325 00:16:29,320 --> 00:16:32,800 Speaker 1: the condo pretty early on and creating value off of 326 00:16:32,840 --> 00:16:35,280 Speaker 1: that and going into you know what I thought was 327 00:16:35,920 --> 00:16:39,000 Speaker 1: um and my uh, you know, immature mind at the time, 328 00:16:39,200 --> 00:16:41,120 Speaker 1: you know, getting into the best market that I could 329 00:16:41,160 --> 00:16:44,160 Speaker 1: find in good towns and good cities, and um, you know, 330 00:16:44,640 --> 00:16:48,040 Speaker 1: later selling that and and turning that into profits and 331 00:16:48,080 --> 00:16:50,360 Speaker 1: things like that. So I real estate was kind of 332 00:16:50,400 --> 00:16:54,240 Speaker 1: my first foray into investing, I guess you could say. Um. 333 00:16:54,360 --> 00:16:56,920 Speaker 1: And later on, you know, when I started making money 334 00:16:56,920 --> 00:17:00,280 Speaker 1: in my fighting career, UM, you know, I started putting 335 00:17:00,280 --> 00:17:03,720 Speaker 1: money away from retirement. UM. And you know the various 336 00:17:03,760 --> 00:17:07,040 Speaker 1: four one K plans that I had, so I have, um, 337 00:17:07,080 --> 00:17:11,399 Speaker 1: you know, a retirement plan where I invest through Vanguard 338 00:17:11,440 --> 00:17:17,399 Speaker 1: and UM. I also UM, let's see, uh, I didn't 339 00:17:17,400 --> 00:17:25,040 Speaker 1: really invest in new businesses per sally, but UM yeah, yeah, exactly. 340 00:17:25,200 --> 00:17:27,320 Speaker 1: I only invested in in kind of things that I 341 00:17:27,400 --> 00:17:30,399 Speaker 1: knew and that I was involved in. So I have 342 00:17:30,560 --> 00:17:33,160 Speaker 1: a I have a gym called Florida Martial Arts Center 343 00:17:33,160 --> 00:17:35,920 Speaker 1: in Boston with my brother Keith, and I own a 344 00:17:36,000 --> 00:17:40,320 Speaker 1: gym um here in Brentwood, California, um uh called Maraakei 345 00:17:40,359 --> 00:17:44,960 Speaker 1: Brazilian jiu jitsu. So um. You know, I've kind of 346 00:17:45,040 --> 00:17:47,560 Speaker 1: always tried to stick to what I know the best 347 00:17:47,560 --> 00:17:50,399 Speaker 1: that I can. I think crypto was really something that 348 00:17:50,480 --> 00:17:53,040 Speaker 1: was very foreign to me, but it was very interesting 349 00:17:53,560 --> 00:17:56,040 Speaker 1: and I probably came into that space maybe about three 350 00:17:56,160 --> 00:18:00,440 Speaker 1: or four years ago. Um and um, yes, so I 351 00:18:00,640 --> 00:18:03,240 Speaker 1: kind of have my he has a lot of different 352 00:18:03,400 --> 00:18:08,400 Speaker 1: uh uh pots. But uh no, that's super great and 353 00:18:08,400 --> 00:18:10,320 Speaker 1: and I love to hear that because that's what I 354 00:18:10,359 --> 00:18:13,800 Speaker 1: always recommend. I got my started in real estate as well. Um, 355 00:18:13,880 --> 00:18:15,000 Speaker 1: and I had a friend that was doing I was 356 00:18:15,040 --> 00:18:16,560 Speaker 1: eighteen year old. I didn't even know what I was doing. 357 00:18:16,600 --> 00:18:20,040 Speaker 1: I jumped in. Um. But you know, I'm spread across 358 00:18:20,080 --> 00:18:22,280 Speaker 1: like that as well. And I believe the key to 359 00:18:22,400 --> 00:18:26,080 Speaker 1: success with investing is allocating your assets across multiple things. 360 00:18:26,200 --> 00:18:28,520 Speaker 1: I didn't know much. I got in when I was eighteen, 361 00:18:28,880 --> 00:18:30,879 Speaker 1: and I had like a ten year bowl running real 362 00:18:30,960 --> 00:18:32,639 Speaker 1: estate and then in. When the market crash in two 363 00:18:32,640 --> 00:18:34,560 Speaker 1: thousand and eight, I lost everything because I was just 364 00:18:34,600 --> 00:18:37,080 Speaker 1: all in real estate. I didn't understand it. Uh, now 365 00:18:37,280 --> 00:18:39,199 Speaker 1: you know, I'm spread across different things, so when the 366 00:18:39,200 --> 00:18:42,120 Speaker 1: markets move, I can benefit from that. Now. I do 367 00:18:42,200 --> 00:18:45,840 Speaker 1: believe that cryptocurrencies are the best opportunity that we have today, 368 00:18:45,960 --> 00:18:48,160 Speaker 1: and I believe it's probably the best opportunity will ever 369 00:18:48,200 --> 00:18:51,680 Speaker 1: have in our life. Um. That being said, it's still risky. 370 00:18:52,040 --> 00:18:54,040 Speaker 1: So I'm not a hundred percent in, right, I put 371 00:18:54,600 --> 00:18:57,199 Speaker 1: a percentage of my portfolio and um, and and so 372 00:18:57,240 --> 00:18:59,840 Speaker 1: I do things like that so I can I can 373 00:19:00,000 --> 00:19:02,639 Speaker 1: benefit from the upside without putting my whole life at 374 00:19:02,760 --> 00:19:06,800 Speaker 1: risk over it. Right, But you talked about like private businesses, 375 00:19:06,840 --> 00:19:08,720 Speaker 1: So you started a couple of businesses, which is an 376 00:19:08,760 --> 00:19:10,960 Speaker 1: amazing place to invest. This one of my favorite. I 377 00:19:11,000 --> 00:19:13,600 Speaker 1: invest in my businesses. Lots of businesses like that and 378 00:19:13,640 --> 00:19:15,600 Speaker 1: other things. So that's really good. Now you've been in 379 00:19:15,640 --> 00:19:18,359 Speaker 1: cryptos for a couple of years now, which which makes 380 00:19:18,359 --> 00:19:20,879 Speaker 1: you kind of old in the space now at this point. Right, 381 00:19:21,160 --> 00:19:23,200 Speaker 1: So you've been through, Uh, you've been through the kind 382 00:19:23,200 --> 00:19:26,280 Speaker 1: of run up. You saw the big crash. You're still around. 383 00:19:26,480 --> 00:19:29,480 Speaker 1: Why are you still around. I'm still around, you know. 384 00:19:29,520 --> 00:19:31,560 Speaker 1: I I still believe in it, you know, I think that, 385 00:19:32,760 --> 00:19:35,920 Speaker 1: you know, I've kind of come from the place where 386 00:19:35,960 --> 00:19:39,399 Speaker 1: I believe that, Um, most of us don't know what 387 00:19:39,440 --> 00:19:43,639 Speaker 1: the hell we're doing. You're gotta have to have a 388 00:19:43,720 --> 00:19:45,879 Speaker 1: belief in yourself at the end of the day and 389 00:19:45,920 --> 00:19:47,720 Speaker 1: what you think is going to work out, and you 390 00:19:47,800 --> 00:19:50,480 Speaker 1: have to have a certain amount of faith. And I 391 00:19:50,480 --> 00:19:53,919 Speaker 1: I feel like people still don't understand the benefits of 392 00:19:53,960 --> 00:19:56,760 Speaker 1: crypto and they kind of just go off what the 393 00:19:56,800 --> 00:19:59,880 Speaker 1: media is saying and just repeating a lot of being 394 00:20:00,080 --> 00:20:03,560 Speaker 1: statements and um, you know again, and like you said, 395 00:20:03,600 --> 00:20:06,760 Speaker 1: who knows, you know, maybe it fails, but honestly, there's 396 00:20:06,800 --> 00:20:10,520 Speaker 1: something extremely valuable there whether it fails or not. There's 397 00:20:10,560 --> 00:20:15,080 Speaker 1: tremendous value um in in in crypto and and things 398 00:20:15,080 --> 00:20:19,320 Speaker 1: like bitcoin and it's potential. Um And tell me, tell 399 00:20:19,320 --> 00:20:22,680 Speaker 1: me what you think about bitcoin specifically, what what what 400 00:20:22,680 --> 00:20:25,199 Speaker 1: what do you see as the big killer app or 401 00:20:25,240 --> 00:20:28,159 Speaker 1: what's your favorite piece about it? Well, you know, I 402 00:20:28,160 --> 00:20:33,800 Speaker 1: think we're in a weird point where, um, you look 403 00:20:33,840 --> 00:20:37,639 Speaker 1: at just whether you're buying, you know, huge businesses or 404 00:20:37,760 --> 00:20:42,480 Speaker 1: making huge transactions, um in the millions of dollars. We 405 00:20:42,560 --> 00:20:46,000 Speaker 1: have a fundamental problem and how we go about doing that, 406 00:20:46,080 --> 00:20:50,199 Speaker 1: And I think that bitcoin solves a lot of those issues. 407 00:20:50,240 --> 00:20:54,240 Speaker 1: And how you can transfer um large amounts of money, 408 00:20:54,320 --> 00:20:58,760 Speaker 1: small amounts of money, UM, in any quick time that 409 00:20:59,080 --> 00:21:04,240 Speaker 1: um makes sense for everybody without crazy fees, without crazy complications. UM. 410 00:21:04,640 --> 00:21:07,480 Speaker 1: And I you know, I believe that's the way it was. 411 00:21:07,720 --> 00:21:12,280 Speaker 1: It was created to make transactions via the Internet, to 412 00:21:12,320 --> 00:21:15,439 Speaker 1: make it as easy as possible, and UM, you know, 413 00:21:15,840 --> 00:21:18,639 Speaker 1: I think people got really excited at one point that 414 00:21:18,800 --> 00:21:21,439 Speaker 1: the you know, the value of bitcoin was going up 415 00:21:21,480 --> 00:21:24,400 Speaker 1: a lot, and um, now it's kind of stabilized, which 416 00:21:24,400 --> 00:21:26,160 Speaker 1: I think is is a good thing in a lot 417 00:21:26,200 --> 00:21:28,720 Speaker 1: of ways. And UM, I still believe in it. You know, 418 00:21:28,800 --> 00:21:31,600 Speaker 1: it's not you know the twenty tho dollar mark, which 419 00:21:31,640 --> 00:21:35,600 Speaker 1: which which was around and everyone was kind of putting 420 00:21:35,640 --> 00:21:38,280 Speaker 1: their money into it. But I do think that there 421 00:21:38,280 --> 00:21:41,320 Speaker 1: we're still in its infancy and people are still learning 422 00:21:41,359 --> 00:21:46,800 Speaker 1: about it and understanding the value of Yeah, yeah, definitely. Yeah, 423 00:21:46,840 --> 00:21:49,800 Speaker 1: I think it's a it's a it's a giant fundamental 424 00:21:49,880 --> 00:21:51,840 Speaker 1: shift for a couple of reasons. Like I said, you know, 425 00:21:51,880 --> 00:21:54,840 Speaker 1: the internet has just now I think over the last 426 00:21:54,840 --> 00:21:56,600 Speaker 1: couple of years, we're really starting to see the shift 427 00:21:56,640 --> 00:21:59,240 Speaker 1: that the internet has made, uh in a couple of things. 428 00:21:59,280 --> 00:22:01,680 Speaker 1: But um, if you think back, like I said, we're 429 00:22:01,680 --> 00:22:03,440 Speaker 1: a little older, so we've seen this. Right, Like life 430 00:22:03,480 --> 00:22:06,639 Speaker 1: before the internet, life didn't really change that much all 431 00:22:06,680 --> 00:22:08,200 Speaker 1: the way U until that point. And if you think 432 00:22:08,240 --> 00:22:11,280 Speaker 1: about like where we got our information, well, we thought 433 00:22:11,480 --> 00:22:13,479 Speaker 1: the way the way we even thought of what is 434 00:22:13,520 --> 00:22:16,480 Speaker 1: information when information comes in the newspaper or the nightly news, 435 00:22:16,520 --> 00:22:18,680 Speaker 1: and like that was it. But the way that the 436 00:22:18,720 --> 00:22:21,440 Speaker 1: way that we get information is everywhere. It's all around us, right, 437 00:22:21,480 --> 00:22:25,120 Speaker 1: so it's like, uh, we're getting information from everywhere. And 438 00:22:25,119 --> 00:22:29,400 Speaker 1: and the newspapers have done their best to control the information, 439 00:22:29,400 --> 00:22:31,120 Speaker 1: and they're trying to stay relevant, but they're just less 440 00:22:31,119 --> 00:22:35,119 Speaker 1: relevant today. And and the and the internet technology allowed 441 00:22:35,160 --> 00:22:38,800 Speaker 1: us to share information, whereas the blockchain technology allows us 442 00:22:38,800 --> 00:22:42,760 Speaker 1: to share value. And today we look at value or 443 00:22:42,880 --> 00:22:46,359 Speaker 1: money as like the dollar and the bank centrally control that. 444 00:22:47,320 --> 00:22:50,960 Speaker 1: But really value is anything, right, So I can exchange 445 00:22:51,040 --> 00:22:52,959 Speaker 1: my money for what you want. I could give you 446 00:22:53,000 --> 00:22:55,800 Speaker 1: my labor, right, I could dig afense, build a fense, 447 00:22:55,880 --> 00:22:58,040 Speaker 1: or dig a hole for you. Um, and and I 448 00:22:58,080 --> 00:22:59,920 Speaker 1: have little kids and I see them on the playground 449 00:23:00,119 --> 00:23:03,480 Speaker 1: and they're trading turkey sandwiches for chips or Pokemon cards, 450 00:23:03,480 --> 00:23:05,399 Speaker 1: so and and in jail they do the same thing. Right, 451 00:23:05,440 --> 00:23:10,960 Speaker 1: So humans are uh innately designed to exchange value and 452 00:23:10,960 --> 00:23:12,960 Speaker 1: we haven't been able to do that freely, and now 453 00:23:13,119 --> 00:23:15,480 Speaker 1: we have a technology. So what I the way that 454 00:23:15,560 --> 00:23:18,600 Speaker 1: I see it is twenty years after the Internet. Today, 455 00:23:18,680 --> 00:23:21,719 Speaker 1: information is just everywhere, and it's all all shapes and forms. 456 00:23:21,960 --> 00:23:25,080 Speaker 1: And I believe twenty years from now, value will be 457 00:23:25,240 --> 00:23:27,800 Speaker 1: all around us in all shapes and forms, and and yeah, 458 00:23:27,880 --> 00:23:29,760 Speaker 1: the banks and and the money will still be there, 459 00:23:29,760 --> 00:23:31,320 Speaker 1: but it will be a lot less relevant, kind of 460 00:23:31,359 --> 00:23:34,720 Speaker 1: like newspapers is today. Um. And so that's that's the 461 00:23:34,720 --> 00:23:36,440 Speaker 1: big shift I see now. Like you said, we could 462 00:23:36,480 --> 00:23:39,879 Speaker 1: all be wrong. I think bitcoin either takes over the 463 00:23:39,880 --> 00:23:42,280 Speaker 1: world and is worth you know, a million dollars or 464 00:23:42,359 --> 00:23:44,960 Speaker 1: maybe it goes to zero. Um. But if you have 465 00:23:45,000 --> 00:23:47,119 Speaker 1: a little bit of exposure to it, you have the upside. 466 00:23:47,160 --> 00:23:49,040 Speaker 1: And if it goes to zero, you lose a little 467 00:23:49,040 --> 00:23:52,639 Speaker 1: bit of money. Absolutely, And you're you're seeing you know 468 00:23:53,119 --> 00:23:58,080 Speaker 1: a lot of these um banks and other entities that 469 00:23:58,119 --> 00:24:00,480 Speaker 1: are now trying to get into this space when they 470 00:24:00,520 --> 00:24:02,720 Speaker 1: originally they said this will never work and this is 471 00:24:02,760 --> 00:24:04,960 Speaker 1: not not gonna happen. This is silly, you know, it's 472 00:24:05,000 --> 00:24:07,680 Speaker 1: too difficult. And now they're the ones who are trying 473 00:24:07,720 --> 00:24:10,800 Speaker 1: to you know, bring in their own you know, cryptocurrencies 474 00:24:10,840 --> 00:24:13,359 Speaker 1: into the space or or trying to learn about it 475 00:24:13,440 --> 00:24:17,280 Speaker 1: at the very least, because they realize, UM, that there 476 00:24:17,400 --> 00:24:21,000 Speaker 1: is some tremendous value and how we're functioning now as 477 00:24:21,040 --> 00:24:24,399 Speaker 1: you said, I mean, I can, you know, get my 478 00:24:24,480 --> 00:24:27,400 Speaker 1: groceries and whole foods through Amazon and get it delivered. 479 00:24:27,440 --> 00:24:30,399 Speaker 1: I mean, like so much of how I purchase things 480 00:24:30,520 --> 00:24:32,800 Speaker 1: is over my phone that I'm using right now to 481 00:24:32,840 --> 00:24:38,520 Speaker 1: talk to you. So uh, it's it's it's so valuable now, UM, 482 00:24:38,560 --> 00:24:41,439 Speaker 1: what do you think about UM? Obviously being in the UFC, 483 00:24:41,560 --> 00:24:45,280 Speaker 1: we saw light coin come in and do that partnership. UM, 484 00:24:45,320 --> 00:24:48,520 Speaker 1: what do you think? What do you think adoption looks like? 485 00:24:48,600 --> 00:24:51,360 Speaker 1: Awareness adoption looks like and how do you view that 486 00:24:51,560 --> 00:24:55,199 Speaker 1: you think that moves the needle? I think so, you know, 487 00:24:55,480 --> 00:25:00,840 Speaker 1: I think any kind of awareness about us certain technology 488 00:25:00,920 --> 00:25:03,280 Speaker 1: or about it a certain product is going to help 489 00:25:03,520 --> 00:25:06,800 Speaker 1: UM at the very least. I think that the UFC 490 00:25:07,000 --> 00:25:11,320 Speaker 1: in mixed martial arts promotions in general. UM, they've always 491 00:25:11,359 --> 00:25:14,080 Speaker 1: done things a little bit differently and and try to 492 00:25:15,080 --> 00:25:20,080 Speaker 1: lead the way in various ways. And how they bring um, 493 00:25:20,119 --> 00:25:25,280 Speaker 1: you know, products into the public eye and and you know, 494 00:25:25,480 --> 00:25:28,640 Speaker 1: seeing something like like coin and seeing certain fighters come 495 00:25:28,640 --> 00:25:32,920 Speaker 1: out and being sponsored by different cryptocurrencies. I think it's fascinating. 496 00:25:32,920 --> 00:25:36,879 Speaker 1: I mean, things have changed so much. And UM, I 497 00:25:36,920 --> 00:25:41,520 Speaker 1: think if if a brand, especially like a big brand 498 00:25:41,520 --> 00:25:45,159 Speaker 1: like the UFC or Bellator, mixed martial Arts whatever, is 499 00:25:45,160 --> 00:25:50,199 Speaker 1: seeing value in that, UM, I think that's huge. I 500 00:25:50,240 --> 00:25:53,199 Speaker 1: think the USC demographic could be perfect for it, right, 501 00:25:53,320 --> 00:25:58,160 Speaker 1: being that it's like a younger it's mostly male, younger demo. UM, 502 00:25:58,200 --> 00:26:01,960 Speaker 1: maybe people are more kind of freedom oriented if you 503 00:26:02,040 --> 00:26:04,480 Speaker 1: call it that or whatever, So it's maybe a perfect 504 00:26:04,480 --> 00:26:07,399 Speaker 1: demo to go into. UM. I would have liked to 505 00:26:07,600 --> 00:26:10,080 Speaker 1: I know, I know that I heard the deal came 506 00:26:10,119 --> 00:26:12,439 Speaker 1: together kind of really quick, kind of last minute. I 507 00:26:12,440 --> 00:26:14,160 Speaker 1: would have liked to see them try to do more 508 00:26:14,200 --> 00:26:17,280 Speaker 1: activation at the event where like maybe they were selling 509 00:26:17,320 --> 00:26:19,879 Speaker 1: merch and stuff like that with with like would have 510 00:26:19,920 --> 00:26:23,280 Speaker 1: been really cool. Yeah, maybe maybe we'll maybe we'll see 511 00:26:23,280 --> 00:26:28,040 Speaker 1: that on the next one. UM. UM, where do you 512 00:26:28,359 --> 00:26:32,080 Speaker 1: where do you mostly get like your information? And and 513 00:26:32,160 --> 00:26:34,320 Speaker 1: are you active? Are you just kind of like I'm 514 00:26:34,400 --> 00:26:36,560 Speaker 1: taking a couple of positions, I'm sitting back waiting or 515 00:26:36,680 --> 00:26:39,480 Speaker 1: you kind of like actively like researching and making moves. 516 00:26:40,200 --> 00:26:44,640 Speaker 1: UM right now, I'm not. I you know, I have UM, 517 00:26:44,680 --> 00:26:49,040 Speaker 1: I have money and and uh different cryptocurrency just a 518 00:26:49,040 --> 00:26:52,880 Speaker 1: few UM, so right now I haven't been as active. 519 00:26:52,880 --> 00:26:57,240 Speaker 1: I've just been kind of holding UM for for a while. UM, 520 00:26:57,240 --> 00:27:01,520 Speaker 1: so not really actively invest thing. UM. You know, probably 521 00:27:01,560 --> 00:27:05,399 Speaker 1: in the last you know, three months, six months, I 522 00:27:05,400 --> 00:27:08,000 Speaker 1: haven't done much. But so right now I'm just kind 523 00:27:08,040 --> 00:27:12,879 Speaker 1: of um holding my positions and and seeing what happens UM. 524 00:27:13,080 --> 00:27:17,680 Speaker 1: And yeah, but where I was getting my information from 525 00:27:17,800 --> 00:27:23,840 Speaker 1: is basically UM various news subscriptions that I subscribed to. UM, 526 00:27:23,880 --> 00:27:25,960 Speaker 1: you're one of the guys that I follow on YouTube 527 00:27:26,000 --> 00:27:29,040 Speaker 1: and I've always enjoyed listening to and educating myself on 528 00:27:29,080 --> 00:27:32,240 Speaker 1: those things. And UM, did you watch that last video 529 00:27:32,280 --> 00:27:36,000 Speaker 1: about why bitcoin is undervalued? I did that research report 530 00:27:36,000 --> 00:27:39,199 Speaker 1: from Adam at Capital. I don't think I saw the 531 00:27:39,240 --> 00:27:42,359 Speaker 1: most recent one. There's a lot of data was really good, 532 00:27:42,640 --> 00:27:44,320 Speaker 1: but it kind of showed where bitcoins at in the 533 00:27:44,359 --> 00:27:47,960 Speaker 1: market it was pretty good. But okay, uh yeah, I 534 00:27:48,400 --> 00:27:50,560 Speaker 1: think uh, I think taking that buy and hold approach 535 00:27:50,600 --> 00:27:52,800 Speaker 1: is perfect. You know. I think if you look at 536 00:27:52,880 --> 00:27:54,640 Speaker 1: if you look back even just at the internet trend, 537 00:27:54,720 --> 00:27:56,920 Speaker 1: right you see Amazon went to eighty Bucks, went to 538 00:27:56,960 --> 00:27:58,760 Speaker 1: five bucks, and then I hit two thousand. But you 539 00:27:58,800 --> 00:28:01,320 Speaker 1: know you had to wait fifteen years and so um, 540 00:28:01,400 --> 00:28:03,200 Speaker 1: you know you've been this long enough to be patient. 541 00:28:03,240 --> 00:28:05,919 Speaker 1: You understand. As we get older, we get that perspective 542 00:28:06,000 --> 00:28:08,600 Speaker 1: knowing like I'm like, shoot, oh wait ten years, ten 543 00:28:08,640 --> 00:28:12,199 Speaker 1: years is nothing for me right now? Right? Absolutely? Do 544 00:28:12,280 --> 00:28:14,480 Speaker 1: you uh you got me on? You got any questions 545 00:28:14,560 --> 00:28:18,640 Speaker 1: for me? Um? Jeez, you know, I guess right now, 546 00:28:18,720 --> 00:28:22,360 Speaker 1: it seems like bitcoin is is steadily moving up right 547 00:28:22,359 --> 00:28:26,120 Speaker 1: now in value. Um, where do you see it by 548 00:28:26,160 --> 00:28:27,600 Speaker 1: the end of the year. I'm sure that's something that 549 00:28:27,600 --> 00:28:29,880 Speaker 1: you get a lot, but it seems like it's it's 550 00:28:29,880 --> 00:28:33,120 Speaker 1: going in the right pace and moving in the right direction. 551 00:28:33,320 --> 00:28:34,720 Speaker 1: Where do you see it at the end of the year. 552 00:28:35,040 --> 00:28:37,720 Speaker 1: It is? It is so um so a couple of things. 553 00:28:37,720 --> 00:28:41,280 Speaker 1: So I I really don't like to do predictions or 554 00:28:41,320 --> 00:28:44,360 Speaker 1: guesses um and and not because I want to look wrong. 555 00:28:44,440 --> 00:28:46,680 Speaker 1: It's just that's not the way that I look at things. Um. 556 00:28:46,720 --> 00:28:48,800 Speaker 1: What I do is I look at things in probabilities. 557 00:28:49,320 --> 00:28:51,760 Speaker 1: So it's kind of like what the CIA does. So 558 00:28:51,800 --> 00:28:54,280 Speaker 1: the c I says like, hey, we could have this 559 00:28:54,480 --> 00:28:57,400 Speaker 1: terrorist attack that happens here, or they could do this, 560 00:28:57,960 --> 00:29:00,160 Speaker 1: and if they were going to do this, these are 561 00:29:00,160 --> 00:29:02,000 Speaker 1: the things that would be happening. But if they did this, 562 00:29:02,080 --> 00:29:03,760 Speaker 1: these are the things would be happening. And then they 563 00:29:03,800 --> 00:29:05,880 Speaker 1: watched those signs and then that tells them what the 564 00:29:05,920 --> 00:29:08,920 Speaker 1: outcomes will be. So those are like probabilities. So I 565 00:29:09,000 --> 00:29:11,479 Speaker 1: like to look at things like, hey, these are problems. 566 00:29:11,480 --> 00:29:13,479 Speaker 1: So it's probably a bitcoin goes to two thousand, it's 567 00:29:13,480 --> 00:29:15,680 Speaker 1: probably goes to zero, and I'm gonna watch for the 568 00:29:15,680 --> 00:29:17,240 Speaker 1: signs and let me know either way. So I don't 569 00:29:17,240 --> 00:29:19,800 Speaker 1: want to I try not to get stuck into one 570 00:29:19,880 --> 00:29:22,360 Speaker 1: frame of mind. I have my opinion, but I want 571 00:29:22,360 --> 00:29:24,960 Speaker 1: to stay flexible. So anyway, with that being said, not 572 00:29:25,000 --> 00:29:27,840 Speaker 1: trying to be wishy washy um about at the at 573 00:29:27,880 --> 00:29:29,680 Speaker 1: the beginning of the year, I entered in like a pool, 574 00:29:29,880 --> 00:29:31,840 Speaker 1: like like we put some money in with I don't know, 575 00:29:31,880 --> 00:29:33,800 Speaker 1: on a big social media thing, and I think I 576 00:29:33,840 --> 00:29:36,240 Speaker 1: picked like bitcoin around in the six thousand dollar range. 577 00:29:36,640 --> 00:29:38,000 Speaker 1: UM I thought at that point he if it went 578 00:29:38,040 --> 00:29:39,800 Speaker 1: up a hundred percent over the year, that'd be amazing. 579 00:29:39,800 --> 00:29:42,600 Speaker 1: No other investment in the world goes up a percent. Obviously, 580 00:29:42,640 --> 00:29:45,720 Speaker 1: we're we've blown past that now already. UM. I did 581 00:29:45,760 --> 00:29:47,360 Speaker 1: a video about a month ago where I talked about 582 00:29:47,360 --> 00:29:49,680 Speaker 1: bitcoin going to twenty thousand by the end of the year, 583 00:29:50,000 --> 00:29:51,880 Speaker 1: and so that's what I'll talk about right now. So 584 00:29:52,320 --> 00:29:55,800 Speaker 1: UM basically, UM, at the end of last year, everybody 585 00:29:55,880 --> 00:29:57,560 Speaker 1: started a lot of people started calling for the stock 586 00:29:57,600 --> 00:30:00,320 Speaker 1: market to crash, right, and at the in December, the 587 00:30:00,320 --> 00:30:02,720 Speaker 1: stock market drop like whatever, you had a big drop, 588 00:30:03,000 --> 00:30:04,760 Speaker 1: and people are saying that's it, it's topped out. The 589 00:30:04,760 --> 00:30:08,440 Speaker 1: market's gonna crash, which we're well overdue for a market crash, right, 590 00:30:08,800 --> 00:30:10,600 Speaker 1: we know it's coming, but nobody can time it. And 591 00:30:10,600 --> 00:30:12,960 Speaker 1: I I went on record with a few people said 592 00:30:13,000 --> 00:30:15,600 Speaker 1: I don't think the market's gonna crash. This isn't how 593 00:30:15,640 --> 00:30:17,680 Speaker 1: markets go out. They don't go out with a whimper. 594 00:30:17,800 --> 00:30:19,680 Speaker 1: It's gonna go out with a bang. So I think 595 00:30:19,720 --> 00:30:21,479 Speaker 1: we're gonna have this what we call them melt up, 596 00:30:21,520 --> 00:30:25,080 Speaker 1: where the stock market will continue up into this magnificent 597 00:30:25,120 --> 00:30:28,280 Speaker 1: top and then crash, right, And so anyway, um, I said, 598 00:30:28,760 --> 00:30:30,920 Speaker 1: in order for that to happen, here's here's what's gonna 599 00:30:30,920 --> 00:30:33,520 Speaker 1: have to happen in January. The Dow Jones is gonna 600 00:30:33,520 --> 00:30:35,960 Speaker 1: have to hold. And I made this whole video and 601 00:30:35,960 --> 00:30:38,479 Speaker 1: I and I did these things. So anyway, that is 602 00:30:38,600 --> 00:30:41,840 Speaker 1: playing out as I projected. This, this blowoff top or 603 00:30:41,880 --> 00:30:45,440 Speaker 1: this melt up is working out like I've been watching 604 00:30:45,480 --> 00:30:48,200 Speaker 1: for the signs, and I believe if we continue to 605 00:30:48,200 --> 00:30:50,680 Speaker 1: see this, potentially another run in the stock market by 606 00:30:50,720 --> 00:30:52,960 Speaker 1: the end of the year. If that happens, I really 607 00:30:53,000 --> 00:30:54,720 Speaker 1: think it's possible to see a bitcoin hit hit a 608 00:30:54,760 --> 00:30:56,120 Speaker 1: new all time high by the end of the year. 609 00:30:57,200 --> 00:31:00,520 Speaker 1: I did. I mean it would be a crazy Now. 610 00:31:00,680 --> 00:31:03,160 Speaker 1: Markets don't typically work like that, So like that's why 611 00:31:03,160 --> 00:31:05,480 Speaker 1: I wasn't calling for the stock market bluff because they 612 00:31:05,520 --> 00:31:08,320 Speaker 1: typically they rise, they have a blow off top, and 613 00:31:08,360 --> 00:31:10,840 Speaker 1: then they crash and then they consolidate and then they 614 00:31:10,880 --> 00:31:13,280 Speaker 1: slow they go up and then eventually go up into 615 00:31:13,280 --> 00:31:15,080 Speaker 1: that bluff top again and they kind of repeat that. 616 00:31:15,560 --> 00:31:17,960 Speaker 1: So we're gonna have to I figured bitcoin would start 617 00:31:18,000 --> 00:31:20,400 Speaker 1: slowly and kind of ramp up and then we'll get 618 00:31:20,400 --> 00:31:22,240 Speaker 1: into that blow we'll get to that bluff top again. 619 00:31:23,120 --> 00:31:25,400 Speaker 1: But if the stock market holds up like I think 620 00:31:25,440 --> 00:31:28,160 Speaker 1: it's looking like it will, yeah, I think I think 621 00:31:28,280 --> 00:31:29,920 Speaker 1: twenty by the end of the year. I think we 622 00:31:29,960 --> 00:31:32,640 Speaker 1: can see it. Um. Now, how do you how do 623 00:31:32,680 --> 00:31:36,680 Speaker 1: you think that affects how people use bitcoin? Because if 624 00:31:36,720 --> 00:31:41,240 Speaker 1: the if the price of bitcoin is changing so dramatically, 625 00:31:41,880 --> 00:31:45,000 Speaker 1: how does that affect how it's used and how the 626 00:31:45,040 --> 00:31:50,440 Speaker 1: transactions take place? So? Um, you know, people get confused 627 00:31:50,480 --> 00:31:52,400 Speaker 1: because they think I can't afford to buy a whole bitcoin, 628 00:31:52,440 --> 00:31:54,000 Speaker 1: but you don't have to write you could buy five 629 00:31:54,000 --> 00:31:57,000 Speaker 1: dollars worth, um. And so you know, we're still kind 630 00:31:57,000 --> 00:32:00,360 Speaker 1: of in this dollar denominated world, so every kind of 631 00:32:00,360 --> 00:32:03,680 Speaker 1: converts back to dollars. So whether bitcoin is five thousand 632 00:32:03,800 --> 00:32:05,680 Speaker 1: or twenty thousand, I don't know if it really affects 633 00:32:05,720 --> 00:32:08,040 Speaker 1: that because it's really going to be in that dollar value. 634 00:32:08,160 --> 00:32:10,760 Speaker 1: I'll send you five dollars worth of bitcoin, and whether 635 00:32:10,760 --> 00:32:13,360 Speaker 1: bitcoin is twenty thousand and five, it's still five dollars 636 00:32:13,360 --> 00:32:16,560 Speaker 1: worth of bitcoin. UM. As far as what some people think, 637 00:32:16,600 --> 00:32:21,080 Speaker 1: like in the network got congested and it's slowed down, 638 00:32:21,280 --> 00:32:23,280 Speaker 1: and because it had gotten so high up in value, 639 00:32:23,280 --> 00:32:27,400 Speaker 1: got congested and transactions were slow and expensive. Um, I 640 00:32:27,400 --> 00:32:30,320 Speaker 1: don't really see that being a problem because now we 641 00:32:30,400 --> 00:32:33,760 Speaker 1: have second layer scaling solutions. That's what like Lightning is doing. 642 00:32:34,200 --> 00:32:38,120 Speaker 1: And so now you know, you have to look back 643 00:32:38,200 --> 00:32:41,000 Speaker 1: the history of money. So gold was money for five 644 00:32:41,040 --> 00:32:43,400 Speaker 1: thousand years, and that was like a settlement layer. And 645 00:32:43,440 --> 00:32:45,480 Speaker 1: if I wanted to settle my debt with you you're 646 00:32:45,520 --> 00:32:47,640 Speaker 1: in Boston, I'm in California, I'd have to ship gold 647 00:32:47,680 --> 00:32:50,240 Speaker 1: to you, which is very slow and expensive. And eventually 648 00:32:50,240 --> 00:32:52,080 Speaker 1: the bank said, hey, we'll hold your gold and we'll 649 00:32:52,120 --> 00:32:54,600 Speaker 1: give you gold paper certificates and those, of course we're 650 00:32:54,720 --> 00:32:58,120 Speaker 1: very easy to exchange. That was a layer to scaling solution. 651 00:32:58,480 --> 00:33:00,360 Speaker 1: And then eventually the bank said, hey, we'll give you 652 00:33:00,360 --> 00:33:02,920 Speaker 1: a check a checkbook, and then events of the banks 653 00:33:02,960 --> 00:33:04,680 Speaker 1: that I'll put a credit card on top of it, 654 00:33:04,800 --> 00:33:06,920 Speaker 1: and then we have PayPal and Venmo. So we have 655 00:33:06,960 --> 00:33:09,920 Speaker 1: like six layers on top of a base settlement layer. 656 00:33:10,160 --> 00:33:11,880 Speaker 1: And I believe that's what bitcoin is. Bitcoin is a 657 00:33:11,920 --> 00:33:15,280 Speaker 1: base settlement layer. Lightning will be a second layer which 658 00:33:15,280 --> 00:33:17,880 Speaker 1: will be really fast and almost free. And you know, 659 00:33:17,960 --> 00:33:20,440 Speaker 1: we need bitcoin to be slow because if if it's 660 00:33:20,440 --> 00:33:22,840 Speaker 1: going to hold a hundred billion in value, it needs 661 00:33:22,880 --> 00:33:26,680 Speaker 1: to be secure. Um Like, like we saw this binance 662 00:33:26,760 --> 00:33:29,440 Speaker 1: hack last night, and now people are saying, oh, they 663 00:33:29,480 --> 00:33:31,960 Speaker 1: can roll back the blockchain to get those fees back, 664 00:33:32,520 --> 00:33:35,040 Speaker 1: but they can't because the longer it goes, the more 665 00:33:35,040 --> 00:33:37,520 Speaker 1: expensive it's going to be to do that. And if 666 00:33:37,640 --> 00:33:39,400 Speaker 1: if it happened really quickly, it would be cheap, too 667 00:33:39,480 --> 00:33:42,080 Speaker 1: cheap to attack it. Um. And And the way I 668 00:33:42,080 --> 00:33:43,560 Speaker 1: see it is if I if I have a million 669 00:33:43,600 --> 00:33:45,480 Speaker 1: dollar a ten million dollar transaction, it needs to be 670 00:33:45,480 --> 00:33:47,680 Speaker 1: slow and secure. But I don't need to put a 671 00:33:47,720 --> 00:33:50,240 Speaker 1: Starbucks cup of coffee on the blockchain on a base 672 00:33:50,280 --> 00:33:52,960 Speaker 1: settlement layer. So that's where the Starbucks coffee goes on, 673 00:33:53,000 --> 00:33:56,080 Speaker 1: second layer, third layer, where it's really fast. So to 674 00:33:56,120 --> 00:33:58,360 Speaker 1: answer your question, I don't think it going up to 675 00:33:58,440 --> 00:34:02,760 Speaker 1: twenty will really cause any problems with speed, uh, settlement layer, costs, 676 00:34:03,280 --> 00:34:08,040 Speaker 1: um or or transactions. Gotcha, Yeah, if that makes sense, 677 00:34:08,320 --> 00:34:11,640 Speaker 1: Yeah absolutely, um yeah. So that's where I see it, 678 00:34:11,719 --> 00:34:13,560 Speaker 1: and and potentially I think we could be there. I 679 00:34:13,600 --> 00:34:15,719 Speaker 1: think we could be back at that twenty thou if 680 00:34:15,760 --> 00:34:18,040 Speaker 1: the stock market continues. And the reason why the stock 681 00:34:18,040 --> 00:34:20,719 Speaker 1: market matters is because obviously, when everybody feels rich, they're 682 00:34:20,760 --> 00:34:22,719 Speaker 1: putting money into a lot of places. If the stock 683 00:34:22,760 --> 00:34:26,120 Speaker 1: market crashes, everybody feels poor and speculative investments go out 684 00:34:26,160 --> 00:34:28,880 Speaker 1: the window. And today I do believe bitcoin will become 685 00:34:28,880 --> 00:34:31,880 Speaker 1: a store of value and eventually a medium of exchange money. 686 00:34:32,080 --> 00:34:35,440 Speaker 1: But today it's mostly a specultive asset. It it just is. 687 00:34:35,680 --> 00:34:37,600 Speaker 1: And so when you're when you feel poor, you don't 688 00:34:37,600 --> 00:34:41,879 Speaker 1: speculate as much. M h. Now do you see any 689 00:34:41,920 --> 00:34:45,839 Speaker 1: other prospects and other cryptocurrencies that you find interesting that 690 00:34:45,840 --> 00:34:49,239 Speaker 1: that could I don't want to say compete with bitcoin, 691 00:34:49,360 --> 00:34:54,960 Speaker 1: but potentially, um, I don't know, bb something that's worth investing. Yeah, 692 00:34:55,040 --> 00:34:57,799 Speaker 1: I definitely do. And uh I'll send you a link 693 00:34:57,800 --> 00:35:00,000 Speaker 1: and you can have a free subscription to my new 694 00:35:00,120 --> 00:35:03,120 Speaker 1: letter that I write every month. Uh but I do, 695 00:35:03,239 --> 00:35:05,759 Speaker 1: I do? I think? Um, you know, I think first 696 00:35:05,760 --> 00:35:08,200 Speaker 1: of all, you have to go, well, there's Internet stocks, Well, 697 00:35:09,040 --> 00:35:11,839 Speaker 1: Zilo and Facebook are nothing the same, right, and so 698 00:35:12,000 --> 00:35:14,200 Speaker 1: there's a cryptocurrencies that are nothing the same. So bitcoin 699 00:35:14,280 --> 00:35:17,600 Speaker 1: is definitely a payment coin, but there's other coins that 700 00:35:17,640 --> 00:35:20,400 Speaker 1: are not payment coins. So like Horizon, for example, is 701 00:35:20,440 --> 00:35:23,719 Speaker 1: a privacy platform that now they have private messaging and 702 00:35:23,760 --> 00:35:27,080 Speaker 1: private storage, and that doesn't really compete with Bitcoin, for example, 703 00:35:27,200 --> 00:35:30,440 Speaker 1: where we have like UH or privacy coins, because Bitcoin 704 00:35:30,520 --> 00:35:32,640 Speaker 1: is not a privacy coin, So we have privacy coins 705 00:35:32,640 --> 00:35:35,520 Speaker 1: that have shielded transactions, or we have like a on 706 00:35:35,719 --> 00:35:40,640 Speaker 1: that's UH that's a hub basically an interoperable coin that 707 00:35:40,680 --> 00:35:43,120 Speaker 1: can connect networks. So there's and then we have like 708 00:35:43,200 --> 00:35:47,440 Speaker 1: supply chain companies. Um so, I think there's other areas now. 709 00:35:47,800 --> 00:35:51,160 Speaker 1: Um the investor in me understands that when new technologies 710 00:35:51,280 --> 00:35:53,600 Speaker 1: roll out, they roll out in a certain way, like 711 00:35:53,640 --> 00:35:56,759 Speaker 1: a sequencing, where first it's infrastructure you invest into, then 712 00:35:56,800 --> 00:36:00,640 Speaker 1: you invest in the platforms, then you invest into applications later. 713 00:36:00,960 --> 00:36:03,560 Speaker 1: So to put that into perspective, in the early nineties, 714 00:36:03,560 --> 00:36:06,800 Speaker 1: you were investing into like Cisco routers. In the midnight, 715 00:36:06,840 --> 00:36:09,839 Speaker 1: mid to late nineties, it was like Internet Explorer, Netscape, 716 00:36:09,880 --> 00:36:13,400 Speaker 1: a well in UH. In the two thousands, it was 717 00:36:13,480 --> 00:36:17,040 Speaker 1: like platforms like Amazon in two thousand and eight and 718 00:36:17,160 --> 00:36:20,799 Speaker 1: on it was applications Uber, Airbnb. So you want to 719 00:36:20,920 --> 00:36:25,279 Speaker 1: change your investing as the market matures. Um so. Um 720 00:36:25,400 --> 00:36:27,840 Speaker 1: right now, I see lots of opportunities as an investor 721 00:36:27,880 --> 00:36:30,960 Speaker 1: to make money Ultimately, I love bitcoin, and I think 722 00:36:31,000 --> 00:36:35,040 Speaker 1: bitcoin will probably take over everything at some point. But 723 00:36:35,120 --> 00:36:37,239 Speaker 1: the investor in me sees lots of opportunities to make 724 00:36:37,239 --> 00:36:39,520 Speaker 1: a lot of money. So I kind of hold both 725 00:36:39,560 --> 00:36:42,160 Speaker 1: of those pictures, like the investor side and then like 726 00:36:42,200 --> 00:36:47,319 Speaker 1: the bitcoin maximal side of me. Right if that makes sense? Yeah, absolutely, 727 00:36:47,480 --> 00:36:50,760 Speaker 1: thank you. Yeah. So yeah, so there's different use cases 728 00:36:50,800 --> 00:36:53,440 Speaker 1: and I think, uh, you know, people say there's only 729 00:36:53,440 --> 00:36:54,920 Speaker 1: gonna be you know, bitcoin, we rule everything. I think 730 00:36:54,920 --> 00:36:57,480 Speaker 1: bi when we rule all the payment coins. But I 731 00:36:57,480 --> 00:37:02,040 Speaker 1: believe there will be other options for that. So yeah, cool, 732 00:37:03,680 --> 00:37:06,640 Speaker 1: all right, Uh, well, it's been been awesome talking to you. 733 00:37:06,719 --> 00:37:08,720 Speaker 1: Good to meet you. Like I said, I've been a fan. Uh. 734 00:37:08,840 --> 00:37:11,879 Speaker 1: I'd love to hear your perspective. I try to get 735 00:37:11,880 --> 00:37:15,040 Speaker 1: as much perspective from people that don't eat and sleep 736 00:37:15,080 --> 00:37:17,120 Speaker 1: this and like as much as I do because it 737 00:37:17,120 --> 00:37:19,000 Speaker 1: really kind of helps me out. So I appreciate taking 738 00:37:19,080 --> 00:37:21,400 Speaker 1: taking the time to do that. Mark, Thank you so 739 00:37:21,560 --> 00:37:26,080 Speaker 1: much and always educational talking to you. Man. Hey, if 740 00:37:26,120 --> 00:37:29,400 Speaker 1: you like this episode of the Market Disruptors podcast, please 741 00:37:29,760 --> 00:37:32,320 Speaker 1: help us take this to the top of the podcast charts. 742 00:37:32,560 --> 00:37:35,799 Speaker 1: Just please do me a favor and rate review. And subscribe. 743 00:37:36,000 --> 00:37:38,759 Speaker 1: Taking fifteen seconds to just leave a quick review goes 744 00:37:38,800 --> 00:37:41,160 Speaker 1: a long way in helping us reach more people and 745 00:37:41,239 --> 00:37:44,359 Speaker 1: disrupt more markets. I really appreciate you listening, and I'll 746 00:37:44,360 --> 00:37:46,720 Speaker 1: see you next time on the Market Distructors podcast