1 00:00:01,240 --> 00:00:02,000 Speaker 1: Earners. What's up. 2 00:00:02,080 --> 00:00:04,560 Speaker 2: You ever walk into a small business and everything just 3 00:00:04,720 --> 00:00:07,880 Speaker 2: works like The checkout is fast, the receipts are digital, 4 00:00:08,400 --> 00:00:11,399 Speaker 2: tipping is a breeze, and you're out the door before 5 00:00:11,400 --> 00:00:15,560 Speaker 2: the line even builds. Odds are they're using Square. We 6 00:00:15,720 --> 00:00:18,280 Speaker 2: love supporting businesses that run on Square because it just 7 00:00:18,280 --> 00:00:21,520 Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor 8 00:00:21,560 --> 00:00:23,840 Speaker 2: at a pop up market, or even one of our 9 00:00:23,880 --> 00:00:27,560 Speaker 2: merch partners, Square makes it easy for them to take payments, 10 00:00:27,760 --> 00:00:31,480 Speaker 2: manage inventory, and run their business with confidence, all from 11 00:00:31,600 --> 00:00:35,000 Speaker 2: one simple system. If you're a business owner or even 12 00:00:35,080 --> 00:00:38,600 Speaker 2: just thinking about launching something soon, Square is hands down 13 00:00:38,640 --> 00:00:41,680 Speaker 2: one of the best tools out there to help you start, run, 14 00:00:41,920 --> 00:00:45,240 Speaker 2: and grow. It's not just about payments, it's about giving 15 00:00:45,240 --> 00:00:47,519 Speaker 2: you time back so you can focus. 16 00:00:47,159 --> 00:00:48,760 Speaker 1: On what matters most Ready. 17 00:00:48,760 --> 00:00:52,159 Speaker 2: To see how Square can transform your business, visit Square 18 00:00:52,240 --> 00:00:56,760 Speaker 2: dot com backslash go backslash eyl to learn more that 19 00:00:56,960 --> 00:01:02,400 Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 20 00:01:02,520 --> 00:01:04,880 Speaker 2: Let's Square handle the back end so you can keep 21 00:01:04,920 --> 00:01:11,000 Speaker 2: pushing your vision forward. This episode is brought to you 22 00:01:11,040 --> 00:01:13,320 Speaker 2: by P and C Bank, a lot of people think 23 00:01:13,360 --> 00:01:17,240 Speaker 2: podcasts about work are boring, and sure they definitely can be, 24 00:01:17,760 --> 00:01:21,000 Speaker 2: but understanding of professionals routine shows us how they achieve 25 00:01:21,080 --> 00:01:25,280 Speaker 2: their success little by little, day after day. It's like 26 00:01:25,360 --> 00:01:28,160 Speaker 2: banking with P and C Bank. It might seem boring 27 00:01:28,160 --> 00:01:31,080 Speaker 2: to save, plan and make calculated decisions with your bank, 28 00:01:31,440 --> 00:01:33,920 Speaker 2: but keeping your money boring is what helps you live 29 00:01:34,080 --> 00:01:38,080 Speaker 2: or more happily fulfilled life. P and C Bank Brilliantly 30 00:01:38,160 --> 00:01:42,720 Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty 31 00:01:42,720 --> 00:01:46,000 Speaker 2: five is a service mark of the PNC Financial Service Group, Inc. 32 00:01:46,480 --> 00:01:52,320 Speaker 2: P and C Bank National Association Member FDIC. So when 33 00:01:52,360 --> 00:01:54,520 Speaker 2: we talk about it being the greatest time to invest 34 00:01:54,520 --> 00:01:58,160 Speaker 2: in the greatest time to own assets, this is not theoretical, 35 00:01:58,240 --> 00:01:59,840 Speaker 2: this is actual factual. 36 00:02:00,800 --> 00:02:00,960 Speaker 1: Right. 37 00:02:01,000 --> 00:02:03,920 Speaker 2: We watched an asset in twenty twenty one big twenty 38 00:02:04,000 --> 00:02:07,480 Speaker 2: thousand dollars and currently sit at one hundred and twenty 39 00:02:07,480 --> 00:02:09,800 Speaker 2: two thousand dollars. I mean even before that, you know, 40 00:02:10,320 --> 00:02:12,280 Speaker 2: but just the time of the since we had the show. 41 00:02:12,400 --> 00:02:15,880 Speaker 2: The first time that I personally put money into bitcoin, 42 00:02:16,000 --> 00:02:17,959 Speaker 2: it was was five thousand dollars. 43 00:02:18,040 --> 00:02:21,960 Speaker 1: That was November of seventeen. It was five thousand dollars. 44 00:02:22,040 --> 00:02:24,480 Speaker 3: Yeah, I think the first time I saw it, it 45 00:02:24,520 --> 00:02:27,160 Speaker 3: was the fourth time I ever saw it was three 46 00:02:27,240 --> 00:02:29,519 Speaker 3: hundred dollars, and it was what I say, back in 47 00:02:29,560 --> 00:02:31,800 Speaker 3: the day bigcoin going to five hundred was like a 48 00:02:31,880 --> 00:02:32,480 Speaker 3: big event. 49 00:02:32,760 --> 00:02:34,280 Speaker 4: Well the story so this, but there's the story, and 50 00:02:34,320 --> 00:02:36,519 Speaker 4: I'm telling it. So the first time I put money 51 00:02:36,520 --> 00:02:40,040 Speaker 4: into bitcoin was five thousand dollars, right, And at that 52 00:02:40,280 --> 00:02:45,560 Speaker 4: time people were saying five thousand was ridiculous for something 53 00:02:45,560 --> 00:02:48,720 Speaker 4: that's not even real. And then it gets to ten thousand, 54 00:02:48,919 --> 00:02:51,120 Speaker 4: then it got to twenty thousand, and then it's like, yo, 55 00:02:51,160 --> 00:02:55,800 Speaker 4: this is this is the Tulip scam of nineteen oh nine. 56 00:02:56,160 --> 00:02:58,840 Speaker 4: This is the dumbest thing ever. So it's all perspective. 57 00:02:59,400 --> 00:03:03,840 Speaker 4: At five thousand, people couldn't understand it. Also, at five thousand, 58 00:03:03,880 --> 00:03:08,000 Speaker 4: people were saying that you were too late. That's what 59 00:03:08,200 --> 00:03:11,160 Speaker 4: a lot of people. Even with me, it was like, 60 00:03:11,919 --> 00:03:16,560 Speaker 4: well you're late because this has been around for years, 61 00:03:16,639 --> 00:03:19,600 Speaker 4: and people got in at five hundred, like you're paying 62 00:03:19,639 --> 00:03:23,600 Speaker 4: five thousand dollars for something, why would you do that? 63 00:03:25,560 --> 00:03:29,400 Speaker 4: So it's all relative. It's important to keep that in perspective. 64 00:03:30,280 --> 00:03:32,840 Speaker 4: There's going to always be arguments. It's about it being 65 00:03:32,880 --> 00:03:35,080 Speaker 4: too much and that you're too late. Even when I 66 00:03:35,160 --> 00:03:36,720 Speaker 4: was like, okay, this is going to be the in 67 00:03:36,760 --> 00:03:38,520 Speaker 4: my investment choice to yeah, people like okay, well it's 68 00:03:38,520 --> 00:03:40,920 Speaker 4: already ninety thousand dollars eighty five thousand, all while you 69 00:03:41,320 --> 00:03:45,920 Speaker 4: what's the upside? You can get thirty three percent rate 70 00:03:45,960 --> 00:03:48,720 Speaker 4: of return in six months and it's still going to 71 00:03:48,800 --> 00:03:49,760 Speaker 4: go up like I mean. 72 00:03:49,800 --> 00:03:50,920 Speaker 1: Thirteen percent else. 73 00:03:51,040 --> 00:03:53,840 Speaker 2: Yeah, exactly the same reasons we just said that in 74 00:03:53,960 --> 00:03:56,440 Speaker 2: video has a four to five year run, we can 75 00:03:56,480 --> 00:03:59,760 Speaker 2: say four to five years. There's no I'm living on 76 00:03:59,760 --> 00:04:03,240 Speaker 2: on on bitcoin and right like you got to figure 77 00:04:03,280 --> 00:04:06,840 Speaker 2: like that appreciation the last bitcoin's going to be mined 78 00:04:06,880 --> 00:04:08,320 Speaker 2: and was it twenty forty two. 79 00:04:10,200 --> 00:04:13,560 Speaker 1: We're in twenty twenty five. That's seventeen years away. 80 00:04:13,840 --> 00:04:16,039 Speaker 5: And I'll say this, this run would not have happened 81 00:04:16,080 --> 00:04:20,560 Speaker 5: without the institution and the centralization of And please don't 82 00:04:20,560 --> 00:04:23,400 Speaker 5: come for me. I've been investing since two thousand and nine. 83 00:04:23,880 --> 00:04:25,640 Speaker 5: We've seen a lot. It does not make me the 84 00:04:25,760 --> 00:04:29,120 Speaker 5: foremost expert on anything. I have created freedom for myself 85 00:04:29,160 --> 00:04:34,200 Speaker 5: before I got to talking online. Without black Rock and Vanguard, 86 00:04:34,279 --> 00:04:36,760 Speaker 5: this run wouldn't have happened, which is why you don't 87 00:04:36,800 --> 00:04:39,279 Speaker 5: see that drastic fall off that we've seen in the past. 88 00:04:39,360 --> 00:04:39,960 Speaker 1: We used to have. 89 00:04:40,279 --> 00:04:42,440 Speaker 5: Yeah, when we or your bigcoin don't get taken like 90 00:04:42,480 --> 00:04:45,720 Speaker 5: minded a Mountain Cox when you were selling Mela Luca coffee. 91 00:04:46,120 --> 00:04:48,080 Speaker 5: Some of y'all need to stop talking and put up 92 00:04:48,080 --> 00:04:49,400 Speaker 5: some results like Detroit did. 93 00:04:51,480 --> 00:04:54,960 Speaker 2: Right, we saw that twenty eighteen climbed up to eighteen thousand, 94 00:04:55,120 --> 00:04:57,800 Speaker 2: dropped down to three. Right, we saw it climb up 95 00:04:57,800 --> 00:05:02,440 Speaker 2: to forty forty thousand, drop down to twenty. We're we're 96 00:05:02,480 --> 00:05:04,120 Speaker 2: not seeing those drastic pullbacks. 97 00:05:04,279 --> 00:05:08,920 Speaker 1: No, this institutional investing a lot of whales, I think. 98 00:05:10,720 --> 00:05:14,080 Speaker 4: I mean, we still got some political derailing that could 99 00:05:14,120 --> 00:05:14,839 Speaker 4: potentially happen. 100 00:05:14,880 --> 00:05:15,479 Speaker 1: We'll see. 101 00:05:15,800 --> 00:05:18,880 Speaker 4: But okay, so the next thing is gonna be like, well, 102 00:05:19,680 --> 00:05:22,760 Speaker 4: you can't get the ten thousand percent rate of return 103 00:05:22,839 --> 00:05:29,039 Speaker 4: that you once got, probably not, but there's still room 104 00:05:29,040 --> 00:05:31,600 Speaker 4: for upside growth. And that's what makes michael strategy so 105 00:05:31,640 --> 00:05:35,599 Speaker 4: interesting because now that's a more risk play that people 106 00:05:35,640 --> 00:05:38,000 Speaker 4: are taking with leverage, and then you could add options 107 00:05:38,040 --> 00:05:42,280 Speaker 4: on top of that, where that was his whole thing 108 00:05:42,320 --> 00:05:44,920 Speaker 4: to begin with, because before you couldn't even run option 109 00:05:45,000 --> 00:05:48,479 Speaker 4: plays on like bitcoin ETF at one point, So that 110 00:05:48,640 --> 00:05:51,480 Speaker 4: was his position even two years ago, of like where 111 00:05:52,960 --> 00:05:56,720 Speaker 4: leveraged that's going to give you higher rate of return 112 00:05:56,839 --> 00:06:00,200 Speaker 4: than traditional bitcoin, even though it's kind of like tracking bigcoin. 113 00:06:00,720 --> 00:06:02,800 Speaker 4: So if bigcoin goes of twenty percent, you could probably 114 00:06:02,839 --> 00:06:04,920 Speaker 4: get thirty five percent of micro strategy, let's just say. 115 00:06:05,160 --> 00:06:07,560 Speaker 4: But then you can also do options on micro strategy 116 00:06:07,600 --> 00:06:08,640 Speaker 4: and then turn that. 117 00:06:08,640 --> 00:06:10,000 Speaker 1: Into one hundred. 118 00:06:10,800 --> 00:06:16,200 Speaker 4: So there are ways to steal long story struck addressing 119 00:06:16,440 --> 00:06:18,760 Speaker 4: addressing a question that I know is going to be asked, 120 00:06:19,600 --> 00:06:23,919 Speaker 4: are there are ways to leverage rates of return to 121 00:06:24,240 --> 00:06:28,440 Speaker 4: actually even grow even higher while still investing in the 122 00:06:28,440 --> 00:06:30,920 Speaker 4: bigcoin space. That's up to you to see if you're 123 00:06:30,920 --> 00:06:32,640 Speaker 4: a risk real ward ratio and if it's worth it, 124 00:06:32,680 --> 00:06:34,279 Speaker 4: and if you have the risk tolerance, and you know, 125 00:06:34,320 --> 00:06:37,640 Speaker 4: obviously do your own research. You're responsible for any decision 126 00:06:37,680 --> 00:06:41,039 Speaker 4: that you make. But there are ways that you can 127 00:06:41,120 --> 00:06:47,200 Speaker 4: still accelerate your growth in investments outside of just putting 128 00:06:47,240 --> 00:06:50,040 Speaker 4: money inside of bigcoin and then just buying and holding it. 129 00:06:50,320 --> 00:06:53,920 Speaker 1: What are the kinds of investing in micro strategy? Right? 130 00:06:53,960 --> 00:06:58,360 Speaker 2: Because if I'm only asking because in my mind, I'm 131 00:06:58,360 --> 00:07:01,640 Speaker 2: sure people are thinking that too, like, Hey, if crypto 132 00:07:01,839 --> 00:07:05,120 Speaker 2: does have a slight pullback, which it probably will, I'm 133 00:07:05,160 --> 00:07:07,440 Speaker 2: not saying that it'll be a drastic of fifty percent 134 00:07:07,480 --> 00:07:09,360 Speaker 2: pullback or six percent like we've seen. 135 00:07:10,480 --> 00:07:12,120 Speaker 1: They buy it at the current price. 136 00:07:13,320 --> 00:07:16,720 Speaker 2: And let's say twenty twenty six, which everybody and at 137 00:07:16,760 --> 00:07:21,080 Speaker 2: that cycle seems to be a year or has historically 138 00:07:21,120 --> 00:07:22,840 Speaker 2: been a year where it draws down just a little 139 00:07:22,840 --> 00:07:26,000 Speaker 2: bit before obviously it starts to appreciate again in that cycle, 140 00:07:26,360 --> 00:07:30,120 Speaker 2: if they're buying at current prices and for six months 141 00:07:30,200 --> 00:07:31,640 Speaker 2: it's below the price that they bought at. 142 00:07:31,720 --> 00:07:35,320 Speaker 6: An illegal alien from Guatemala charged with raping a child 143 00:07:35,360 --> 00:07:39,120 Speaker 6: in Massachusetts. 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