36 Burst results for "$4 Million"
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"$4 million" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's show, I'll be breaking down the latest Bitcoin technical analysis and breaking news just in. Check this out. President of Columbia met with Samson Mao to discuss how Columbia can adopt Bitcoin as a legal tender. Let's go. And also breaking news. Asset manager Panda joins the Bitcoin spot ETF line, filing with the SEC today. They are now application number 13 and their firm is out of Texas. And quoting Max Keiser, Bukele Nomics forges a path forward for states who also embrace a Bitcoin standard. It's got radical transparency and accountability and also recognizes the benefits of subsidizing and maintaining the public domain. Also breaking news. Mr. Rat Poison squared himself, Charlie Munger has officially died at age 99. We're also going to be discussing Jack Dorsey wanting to decentralize Bitcoin mining with a brand new investment. We're also going to be sharing clear the runway open for all Bitcoin ETF approvals in January. According to the top ETF analysts will also be discussing spot Bitcoin ETFs have almost 100 million dollars in assets under management in Brazil, led by the Hashdex offering. Also in today's show, billionaire Peter Thiel, he predicts Bitcoin to 100x to $4 million per coin. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at kryptonewsalerts.net. Again, that's crypto news alerts.net. Today is podcast episode number 1476. I'm your host JV. And today is November 29th, 2023. Just one more day of Moonvember until we hit December. And you already know January, we got some ETF deadlines. And then April, the block subsidy halving for 2024 is going to be lit, to say the least. But let's kick it off as we do each and every day with our market watch. You should be able to see coin 360 on your screen. It shows you Bitcoin and the rest of the alts are currently correcting and in the red, but maintaining around the 38,000 level, just shy, currently sitting at 37,882. Yesterday, we almost recested the local high for past 18 months, which is 38.5. We hit about 38.3 and then we got pushed back down under 38. We have ether still trading above 2000 as XRP, Cardano and BNB are all correcting and in the red and checking out coinmarketcap.com. The current crypto market cap sits at $1.42 trillion with 55 billion in volume in the past 24 hours up 20%. And the Bitcoin dominance is at 52.1% with the ether dominance at 17.2%. And checking out the top 100 crypto gainers of the past 24 hours, we have iota massively leading the pack of 54% on the day trading just under 27 cents, followed by terra classic USD up 22% trading at 5.4 cents, followed by block stacks of 5% trading just under 75 cents. Now which altcoins if any, are you most bullish on for this bull run? Please let me know in the bubbles so we can see a broader perspective of the current altcoin market. You can see the majority of the alts are correcting and in the red, but iota is blowing up 54%. And zooming out for the weekly, we got more in the green, clearly the majority and some nice gains as well. And if we zoom out for the month, virtually everything is in the green with pretty substantial gains, even ftt scam coin up 208% and only a handful in the red, which includes hex, ehex and Bitcoin cash. And checking out the crypto greed and fear index, one of my favorite indicators, it shows we're currently rated a 72, which is greed. Yesterday was a 68, last week a 62, and last month a 68 in greed. So there you have it, my crypto fam. How many of you are let me know. And with that being shared, let's check out the Bitcoin price action. We call that, what do we say here? That's astrology for men. So let's break this down, check out the charts where the Bitcoin price action is likely to go next. Right here, Bitcoin shrank back from resistance after the November 29th Wall Street open as the US GDP figures beat expectations. Right here, you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph followed a familiar Bitcoin price retracement on the short timeframes. The bulls had managed to propel the market above 38,000 the day prior. I think we hit 38 three only to flip flop around that level before ultimately dropping as the US macro data hit. This showed quarter three GDP accelerating beyond the anticipated levels coming in at 5.2% versus 4.9%. This renewed concerns over how the Federal Reserve might handle policy ahead of an interest rates decision in mid-December, quoting the Kibisi letter here. 5.2% is the final reading. It will mark the highest GDP growth since quarter four of 2022. Now can the Fed achieve a soft landing? What are your thoughts, fam? Let me know. Kibisi referenced words from Bill Ackman, the CEO and founder of hedge fund Pershing Square Capital Management, who the day prior had gone on record to predict the Fed rate pivot as soon as quarter one 2024. Quoting him here, yesterday, Bill Ackman bet on a hard landing with rate cuts beginning in quarter one. Now currently, futures don't see rate cuts beginning until June of 2024. And according to data from the CME Group's FedWatch tool, it showed marginally increasing bets on a further hike in December following the GDP release with further key data due November 30th, which is tomorrow, Thursday. The odds of a hike stood at 4.2% at the time of this recording. Now, meanwhile, analysts continue acting in a familiar style from the recent days as far as the price action. Bulls still failed to crack a key resistance beginning at 38.5. That's the line in the sand we need to smash, and then we're heading onwards and upwards just FYI. Despite some being confident that an assault on 40,000 would ultimately result, no HH or breakout confirmation yet referring to a higher high, eyeing a sweep of 37.3 area and a higher low setup for the higher high. According to popular trader Sku, as he shares here on X Bitcoin with the four hour chart, no higher higher breakout confirmation yet, eyeing a sweeping of 37.3 area and a higher low setup for the higher high. Let me know if you agree or disagree. And we also have Dan Crypto Trade suggesting a period of flatter Bitcoin price performance could now enter before a fresh bout of upside volatility. Quoting Dan here, price took out some liquidity above and below. Would not surprise me to see some more sideways chop for both sides to build up more positions before the next bigger move. Let me know if you agree or disagree with the sentiment. And I potential downside opportunities. Crypto analysts, me, Calvin, a pop flag, they range between thirty three and thirty five thousand, which is a popular zone based upon the liquidity. Quitting the analysts here. Markets are consolidating, giving opportunities. Still no breakout. A Bitcoin above thirty eight thousand. If we continue to make higher lows, higher highs, a breakout seems to be happening soon. Structure loss buying at thirty three to thirty five thousand. So there you have it. My crypto fam. Let me know if you agree or disagree with this sentiment from the analysts. I also like to point out, like clockwork, the mystery whale adds an additional six hundred and twelve point five Bitcoin to their balance this morning for a total of eleven thousand five BTC. And a quick shout out to Krista Donnelly. I appreciate you sending your very first super chat ever and supporting the show. It means a lot. So massive shout out. Appreciate the love, my fam. But back here, as you can see, this is the sixth straight day of adding over five hundred BTC. So who is this mystery whale? Who do you think, fam? And oddly enough, in the middle of last night, they added a single TX of thirty eight hundred and seventeen cents for a dollar forty five. So what's up with this mystery? Let me know. Could this be a massive institution such as a BlackRock buying Bitcoin? Let me know what your thoughts are. And also check this out. Major news. Shout out to Samson Mao, the president of Colombia, met with Samson Mao and Jan three to discuss how Colombia can adopt Bitcoin. Let's freaking go. You already know how massive this would be. I've actually lived in Colombia. I lived in Medellin for six months, a few years back, and I had a great time there. I think this would be massive for adoption of Bitcoin. Clearly, you got Samson Mao making some moves, helping usher in this Bitcoin adoption. He's working with some of the leaders in Mexico and in Africa and all around the world, making big moves. So let's go. In which country do you feel will likely adopt Bitcoin next as the legal tender? Could it be Argentina? Could it be Brazil? May it be Colombia? What are your thoughts, fam? Let me know. Also, breaking news. Asset manager Panda joins the Bitcoin spot ETF line, filing with the SEC today. Now, Panda is a firm out of Texas, and this makes application number 13, and they are on the back of the line. So Mr. Gary Gensler, when are we going to get some clarity? When are we going to get these ETFs approved? There are so many just awaiting, and he's the only man standing in the way. And quoting the high priest of Bitcoin, the one and only Max Keiser, Bukele Nomics forges a path forward for states who also embrace a Bitcoin standard. It has got radical transparency and accountability, also recognizes the benefits of subsidizing and maintaining the public domain. And if you haven't watched the new interview, well, it's not necessarily an interview, but it's a speech of Bukele. It's very, very powerful. And he's basically saying he's going to be focusing on his new campaign running for president 2024 in El Salvador, and basically saying that nobody can be crooked within his party because he is clearly a good president, not crooked. He's not taking money or stealing money like a lot of politicians do, and he doesn't want anyone represented in his party to do so either. Otherwise it would tarnish his image. So he said the attorney general and the forces that be are going to be looking into everybody who is a part of his party because they will not tolerate it. So you got to give respect where respect is due. Shout out to Bukele and the beautiful people of El Salvador. Breaking news, Charlie Munger, the man who infamously called Bitcoin rat poison squared is officially dead. That's right. He died at age 99. Let's break this down. Check this out. Here we go. Charlie Munger, the longtime business partner and right hand man of Warren Buffett and vice chairman of the multinational holding company, Berkshire Hathaway, died at the age of 99. And what's ironic, he would have been 100 just in like another month in January. The company announced just that was yesterday. Munger's proclamations, much like Buffett's, were often eminently quotable takedowns about investments and few assets raise his eerie like Bitcoin, quoting him here. I think it's rat poison, he famously said all the way back in 2013 when Bitcoin was worth 150 bucks. And when asked to five years later when Bitcoin was trading at 9000, he said it is more expensive rat poison. And when pressed on the returns, some Bitcoin investors were able to make, he called them idiot booms that harm the United States. Now, we all know he was like one of the biggest, if not the biggest Bitcoin troll. Berkshire Hathaway annual meetings were often called Woodstock for capitalists and putting Munger and Buffett on stage was a top draw and asking about crypto was a reliable way to get them to use colorful language. That's right, putting him here in my life. I try to avoid things that are stupid and evil and maybe look bad in comparison with somebody else. He said in 2018, Bitcoin does all three. Shout out to Lee. I greatly appreciate that super chat. Let me read your comment out loud. Bitcoin maxi here, dollar cost averaging since 2017, but everyone knows about Bitcoin. So I've been spreading the word about Jesus coin. God bless your family, friends, mods and subs. Thank you, fam. I greatly appreciate you supporting the channel. Much love, much respect. Back to Munger, quitting him again. It's stupid because it is very likely to go to zero. It's evil because it undermines the Federal Reserve System. That is the most hilarious comment I have ever heard. And third, it makes us look foolish compared to the communist leader in China. What's up with that? Now, Xi Jinping was smart enough to ban Bitcoin in China. We're a lot dumber, said Charlie Munger. I mean, you got to laugh at all this at the end of the day. Three years later, Munger was still fuming, quoting him again. I just think the whole damn development is disgusting and contrary to the interests of civilization, he said early 2022, comparing crypto to a venereal disease, deeming it beneath contempt for Christ's sake. Now, obviously, you took this personal. Even at 99 years old, he mustered more fiery condemnation at the Daily Journal Corporation annual meeting earlier in the year, quoting him again. Sometimes I call it crypto crapple. Sometimes I call it, well, crypto-ish, he said, going on to use the term a half a dozen times during the course of the conversation. It's ridiculous that anyone would buy this stuff. It is asinine. It is not slightly stupid. It's massively stupid. It's very dangerous. The governments were totally wrong to permit it. I am not proud of my country for allowing this crypto-ish. It's worthless. It's no good. It's crazy. It'll do nothing but harm. Now, very interesting. It's not that the government permitted it. It's because the government can't stop it. It's free speech. It's protected by our First Amendment right. Just saying. Now, while Munger's attacks ruffled crypto backers, his candor was lost along part of Berkshire's offering investment wisdom almost as quotable as the Oracle of Omaha himself. Berkshire Hathaway said Munger died peacefully in a California hospital. Buffett paid tribute to Munger's inspiration, wisdom and participation in building Berkshire into a conglomerate it is today. So there you have it. What are your thoughts on the passing of Charlie Munger? Are you going to miss him? Are you going to miss his rants against Bitcoin? Are you glad he perished? I'm just curious. Whatever your thoughts are, I'll read them out loud. Appreciate it. But anyways, fam, let's dive into our next story of the day. Now that we broke down the latest with Munger passing, let's discuss this new decentralized mining project with Jack Dorsey. And I saw some pictures with Jack and Max and Stacey just the other day. So let's break down the latest of what's going on here. Twitter co-founder and Bitcoin advocate Jack Dorsey is back in a new Bitcoin mining pool to help the miners regain control of the block rewards and transaction fees. Dorsey led a 6.2 million seed round for Mamolin, the parent company of the new decentralized Bitcoin mining pool called Ocean. According to the announcement today, November 29th, the seed funding will support the launch of Ocean, which is designed to decentralize and reshape the process of Bitcoin mining. The mining pool specifically aims to provide more mining process transparency and enable the miners to receive block rewards directly from Bitcoin rather than from the Bitcoin mining pools. Interesting. Now, Luke Deschir, Mamolin's co-founder and longtime Bitcoin core developer, believes that the role of the mining pools must change for Bitcoin to exist as a truly decentralized currency. Quitting him here, Ocean is a new type of pool that enables the miners to be truly miners again. We are launching at the most transparent pool and also the only non-custodial pool where miners are the recipients of the new block rewards directly from Bitcoin. Now, Mamolin co-founder and President Marc Artemikov stressed that traditional Bitcoin mining pools take exclusive custody of the block rewards and the transaction fees before distributing them amongst the miners. This gives them the ability to withhold payment from individual miners, whether by their own choice or by legal requirement. And quoting him again, Ocean's non-custodial payouts directly to the miners from the block reward remove this risk and the pool's undue influence over the miners. So committed Ocean supporters of Dorsey, they're confident that the platform will solve the problem of further centralization of pools and mining pools that could plague BTC. Quitting him here, when I see a project that is good for Bitcoin broadly and that's also good for me and my companies personally, it becomes a simple decision for me and I am happy to be a part of it. So there you have it. The launch of Ocean was announced at the Future of the Bitcoin Mining Conference in the shadows of Barefoot Mining's 150-year-old hydroelectric dam in rural South Carolina. Now Barefoot Mining, the first client of Ocean, has fully repurposed the dam, converting excess energy to Bitcoin mining at scale. Now Ocean's launch comes 139 days before Bitcoin's fourth halving, expected to occur April 17th, 2024, roughly five months out, cannot wait. After the halving, the current six and a quarter mining reward per block will drop to 3.125 BTC, significantly decreasing the incentives for the Bitcoin miners. So there you have it. What are your thoughts on this decentralized mining project with Jack Dorsey? And how many of you have any experience mining Bitcoin? Please do let me know, fam. And are you pretty ecstatic for the halving? How many will be your very first halving? Is this going to be your second, third, fourth halving? Please do let me know. And with that being shared, let's break down the latest of what's happening with these Bitcoin ETFs, shall we? Apparently, we got the green light to go in January, so let's break this down. Bitcoin Spot Exchange traded funds in the United States now have the clear runway to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to analysts. And a November 28th post-Bloomberg ETF analyst, James Safart, said the US SEC delayed its decision on the applications 34 days earlier than January 1st's 2024 decision deadline. The SEC requested comments on forms by Franklin Templeton and Hashdex that are necessary for the ETFs to eventually be listed to begin trading. The comment and rebuttal period will last for 35 days. Now, Safart and his colleague, Eric Balchunes, placed 90% odds on Spot Bitcoin ETF approvals by January 10th, 2024. What is that? Roughly 45 days out, so mark that date in your calendar, fam. And the twin delays all but confirms for me that this was likely a move to line every applicant for potential approval by January 10th, 2024 deadline, according to the expert himself. Now, Balchunes agreed post into X that the SEC was probably looking to get them out of the way, clearing the runway, quitting him here. Update, wow, the SEC went super early on Franklin. They weren't due for another decision until January 1st. Notably, Franklin is the only issuer who didn't submit an updated S1 yet. Wonder if that will have any impact here. And you can see the second deadline being January 1st of 2024 for Franklin. Now, scrolling down a little bit more, he also said probably looking to get them out of the way, specifically to clear the runway. And commercial litigator Joe Carlessar thinks the delays increase the probability of a March 2024 approval as the comment period for Franklin's ETF bid was extended till January 3rd of next year. And the SEC typically takes a maximum of three weeks to review the comments. Quitting Joe here on X, the Franklin Bitcoin spot ETF comment period now extends until January 3rd. The SEC typically reviews comments for at least two to three weeks. Therefore, although it's not guaranteed, this increases the probability of a March approval. January is still likely the favorite, though. So there you have it. Let me know in the live chat. There is a live poll right now. When do you feel we get the green light for the ETF approvals? Please do let me know. Cast your vote. Now, January is still his favorite, later estimating it to happen January 5th or the 8th. Now, on November 28th, Franklin also submitted an updated Form S-1 for its ETF, a document registering their securities with the SEC. And after Safart had earlier highlighted, it was the only bidder yet to submit an updated prospectus. And reacting to the filing, Balchuna said he is in favor of letting all the ETFs launch simultaneously. It seems kind of unfair that Franklin might be allowed to launch its ETF the same day as other providers, despite submitting the form months later. And he makes a great point there. So let me know your thoughts. He also shared, while I'm generally in favor of letting them launch at the same time, Franklin jumped in so late versus these others, like five months after ARK filed, yet they may be able to launch the same day. Seems unfair. Now, there's currently, now officially 13, because there was a new one just added today, as I shared with you earlier, ETFs sitting on the desk of the chairman, Gary Gensler, including bids from Grayscale and BlackRock, most have final decision dates in March besides ARK's invest bid with the SEC, which must approve or deny by January 10th of 2024. So there you have it. My crypto fam, when do you feel they're likely to give us the green light? When do you think the ETFs will finally launch? And how do you think this will likely impact the Bitcoin price action? Let's now dive into our next story of the day. We discussed the Spot ETFs in the United States. Now let's discuss the Spot ETFs in Brazil, shall we? Check this out. Spot Bitcoin ETFs have almost 100 million already in assets or in management in Brazil, led by Hashdex. Let's go. As investors continue to await the approval of the Spot ETF in the United States, a check of Brazil finds hefty demand for such vehicles, which have been trading in the country for more than two years. Together, those ETFs have $96.8 million of assets under management as of November 21st, led by Hashdex's Nasdaq Bitcoin reference price, FDI, with $57.8 million as of November 21st, or a market share of roughly 60%. And that comparison, the largest ETF in the nation, iShares, has $2.41 billion in assets under management and is the second largest. The iShares small cap has $1.19 billion and for reference, the largest US ETF has roughly $430 billion in assets under management. So according to Marcelo, the CEO and founder of Hashdex, the success of Bitcoin ETFs in Brazil is the result of the pro-market digital asset regulation and growing interest from large institutions for said products. Quoting them here, there is a growing positive sentiment across the most sophisticated investors and we have been seeing increasing interest from some largest institutions, whether they be either allocating or considering adding crypto soon to their portfolios, said Sam Xiao in an interview with CoinDesk. Hashdex spot Bitcoin ETFs started trading August 1st of 2021. Like, whoa, they've had a spot for that long. Crazy. I mean, Gary, clearly you're doing something wrong, bro. Just saying. Hashdex also offers a crypto index ETF that includes Bitcoin, Ethereum and other cryptos and which garners a lot more investment than the spot Bitcoin ETF. Now combined Hashdex's crypto related ETF assets under management is currently sitting at roughly $500 million. That's half a billion. Hashdex is also amongst those with outstanding applications for spot Bitcoin ETFs with the US SEC. The agency, as it's done with other applicants as of late last week, delayed any decision on the Hashdex filing. Other spot Bitcoin ETF providers in Brazil include ITAL, the asset management, which teamed up with Mike Novogratz's Galaxy Digital to launch a fund last year and an offering from QR Capital, which launched in 2021, has $36 million in assets under management. According to the data from Hashdex, there has traditionally been a lot of interest in crypto ETFs from the Brazilian public, said Silva, a managing partner of Tagus Capital, and the number of investors in digital asset ETFs will only continue to grow. That's right. Let's go. There are about 4 million investors with accounts at the B3 stock exchange in Brazil and around 700,000 of these invest in ETFs. About one third of those investors allocated funds to crypto ETFs just last year. So a reason for a strong appetite in ETF investing in Brazil might be due to the low fees. According to Silva, ETF fees in Brazil range from a half a percent to one and a half percent, which is considerably low compared to the other products in the market. So there you have it, my crypto fam, Brazil. Let's go. Do you think Brazil can potentially adopt Bitcoin as a legal tender? Let me know your thoughts as there has been a lot of talk about that. But now let's break down our feature story today. Billionaire investor Peter Thiel and one of the original PayPal founders. He predicts Bitcoin to 100x to $4 million per coin. In fact, he was one of the keynote speakers at the Bitcoin Miami conference in 2022. How many of you were at that conference? I was there with my brother. It was pretty lit. There was probably over 20,000 people in the audience. We had a lot of Bitcoin influencers there. You even had Serena Williams, Frances Ngannou, you name it. It was pretty awesome to say the least. But anyways, let's break down this major story. And then I'm going to be sharing a little bonus prediction from you from Michael Saylor predicting Bitcoin reaching $5 million per coin. And if we have time, I'll even throw in a Cathie Wood update prediction as well about Bitcoin hitting $1.48 million per coin, which is her bullish scenario. But first and foremost, billionaire PayPal co-founder Peter Thiel shared the list of enemies stopping Bitcoin from rising 100x. This was last year while speaking at the Bitcoin 2022 conference of Miami, Florida. Quoting him here, the enemies list is a list of people who I think are stopping Bitcoin. There is a lot of them. They tend to have nameless faceless bureaucratic perspectives, which of course is one of the ways in which they hide. Now check it, he said, we are going to try to expose them and realize that this is sort of what we have to fight for for Bitcoin to go up 10x or 100x from here. Now FYI, at the time he gave the speech, Bitcoin was hovering just above 40,000, probably close to the $42,000 level. So 100x from the time he made the prediction would mean a $4 million plus Bitcoin price action. Now the central banks are going bankrupt. We are at the end of the fiat money regime. Preach. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin, rat poison, and I don't own any and I never will. He opined, I think the sociopathic grandpa of Omaha, that's the best name by the way, is perhaps the most honest and most direct in it. Thiel further noted Buffett has a bias that makes him long on the fiat money system and money managers who follow Berkshire Hathaway's executive advice will pretend it's complicated to invest into Bitcoin. Now the next person on the list of Bitcoin enemies is the infamous JPMorgan Chase CEO, Jamie the tapeworm diamond. Thiel put diamonds picture up with the following quote, I don't call them cryptocurrencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now Jamie Dimon also once called Bitcoin a pet rock and threatened any of his employees at JP Morgan would be fired for trading Bitcoin and that same week he was purchasing over 400 million worth of Bitcoin for his trading desk. So listen to none of these fools, they know what's up. They understand the power of Bitcoin, but they're just here to deceive you. The next picture he put up, you may find this interesting, is the BlackRock CEO, Mr. Lawrence aka Larry Fink with the following quote, I see huge opportunities in a digitized crypto blockchain related currency and that's where I think this is going. Now, interestingly enough, Larry Fink is the CEO of the largest asset manager in the world, BlackRock. He once called Bitcoin an index for money laundering. He was heavily anti Bitcoin and anti crypto, but now he has changed his stance, complete 180, embracing Bitcoin and looking to launch their own Bitcoin ETF as well as an Ethereum ETF. Now next up, here's what he shared. The PayPal co-founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro blockchain is an anti Bitcoin term, very typically feel them brought up environmental, social and governance standards, elaborating the label they've come up with and perhaps the real enemy is ESG. I think that ESG is just a hate factory. We all know they were pumping that massive FUD. Even Elon was buying into this narrative, right? Would stop accepting Bitcoin payments to buy Teslas, right? He stressed, you can always ask the questions, what's the difference between ESG and CCP, the Chinese Communist Party. When you think ESG, you should be thinking CCP. So much respect to Thiel for calling them out on this. You got to have balls. It is the finance gentocracy that runs the country through whatever silly virtual signaling hate factory to them like ESG that they have, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement. And we have to just go out from this conference and take over the world. So there you have it. Now I must also share Peter Thiel dumped the majority of his Bitcoin position at the height, roughly at around the time of the conference, because that's what I read. So I just wanted to share that to be 100% transparent. Now for Michael Saylor. Saylor revealed three catalysts recently, which will take the Bitcoin price, the 5 million per coin. Here are the three catalysts. Spot Bitcoin ETF approval, which is inevitable. Again, 90% likelihood we get the approval in January. Then number two, banks custody and lend against Bitcoin as collateral, which we all know is coming soon. And number three, fair value accounting rules, which have already been approved. So there you have it. This alone, those three factors can send Bitcoin to 5 million per coin, but let's dive down a little deeper quoting Michael Saylor from an interview I transcribed and shared here on X that got a lot of retweets and a lot of love. So I think you guys will like it. I think there are only three things relevant right now. And here are those three things that having is coming with 100% certainty facts. And as far as I can see, most of the Bitcoin in the market is the Bitcoin miners that have to sell in order to pay their electricity bills and pay their debt expenses as well as their operating expenses. So that amount of selling pressure is going to be cut in half in a few months. So we know that's coming. And then we know there's a spot Bitcoin ETF coming. And when that comes, we plug into wall street and the entire banking system. And then finally the fair value accounting is coming. And when that happens, the objective will all go away. Now you're going to introduce this as a conversation into hundreds of boardrooms. They will not move in a week. They move quarterly, but over the course of 12 quarters, you'll start to see company after company looking at this, and you'll start to see a reallocation of assets. At the end of the day, corporations only hold two assets. They hold cash and they hold bonds. And so a Bitcoin is available as an asset para pursue to a bond. Then you'll see a reallocation from bonds and into Bitcoin. And then in the institutional investor side, you've got all these people holding real estate, holding commodities, holding gold, holding ETF and SPF SP indexes, the light. And as so we start to reallocate and they will 1%, 2% and then 5%. Then you're going to have something that has never happened in the history of the world, which is you got an ETF on a commodity that is scarce. Every other ETF in the world is on an asset that is not scarce. It's inflationary facts. You can go to make more buildings. You can make more real estate. You can make more gold. You can make more commodities. You can make $4 billion worth of any of those things. The underlying producers produce more of the asset or deflate or to depreciate the price. But with Bitcoin, with $100 billion of flows into the Bitcoin spot ETF, there won't be any ability for any producer to produce any more Bitcoin. And so you really can't compare it to the spot and ETF of gold because gold is an inflationary asset and you can't compare it to an ETF on real estate or on bonds or on equity. You really have to say this is the first time we've ever plugged Wall Street into an asset you cannot produce any more of. That's right. This will actually represent true price discovery in an ETF market for the first time in human history. And this is such a big deal. That's why we're entering unprecedented times, fam. And so nobody knows what will happen, except that if the reason from first principles, you know that it's actually going to perform better than all the other asset ETFs, because the underlying fundamentals are just better. But let me lay out three possible ways to invest in Bitcoin. One, if you buy Bitcoin, the underlying asset, which is what most of us do. We self custody our crypto. That's no brainer. The second, you buy the spot ETF, or the third, you buy micro strategy. OK, we talked about the headaches buying Bitcoin, the underlying asset. You can do it on a crypto exchange. You can put the place of parallel custody, compliance, compensation, control systems, so that the challenge of that. But the closest thing and the most compelling idea for a plain vanilla Bitcoin investment of an institutional investor is to buy the spot ETF. You'll be getting one to one correlation, meaning they actually have to hold on their balance sheet the Bitcoin as an underlying asset, whereas with futures markets, they don't hold any of the Bitcoin. It's all paper derivatives, weapons of mass destruction. Just saying. So for one million, you're getting in one million range of Bitcoin. What's the positive? It's marginal. It's good collateral. I can buy in a second with no money down. I don't need to build the parallel custody control compensation system. So all of my problems are handled by Wall Street. What's the cost? That's 50 to 100 basis points per year. OK, so if I charge you one percent per year over the course of 20 years, over the course of your lifetime, it kind of means I take 20 percent of the money you invested at one percent. So do note that if you invest for the long haul into a spot ETF over the long haul, they're taking 20 percent of your investment. That's a lot right now. There is a cost. 50 basis points means I get 10 percent of your money approximately. But having said it all, I would pay you 50 to 100 basis points in order to be plugged into Wall Street. It's not a problem. It's a lot better than the alternative, which is to rebuild all their systems and then finance themselves. So micro strategy is not that micro strategy you can think of as a levered, long Bitcoin company that pays you a yield. Listen up. OK, so I'm not going to call it an ETF because we're not a financial company, but we have four point four billion dollars plus of Bitcoin and two billion plus worth a debt. Shout out to zero. I appreciate that. Super chat fam. Much love. So what we have done is we have levered the balance sheet with debt that costs us about one and a half percent of interest. So micro strategy takes advantage of its positions as an operating company to do something that an ETF cannot do. An ETF can't issue junk bonds. An ETF can't issue convertible bonds. An ETF can't do like an ATM like we could do. And an ETF can't buy Bitcoin with cash flows. We have a lot of flexibility as an operating company and we don't charge that fee. We have four and a half billion a Bitcoin, but we don't charge 45 million per year. So the real idea here is what if I created an investment vehicle that paid you a yield instead of charging you a fee? Well, that's possibility with micro strategy. And what if I was able to borrow money at one and a half percent interest? I borrowed a billion dollars at zero percent interest and bought Bitcoin with it. Hey, how do we get the Michael Saylor deal? How do we borrow a billion dollars at zero percent interest and just buy all the Bitcoin in the world? I want that deal. Wouldn't you guys? Let me know. Let's give you a theoretical. If you get a two percent yield instead of paying a one percent fee, it's a 60 percent difference over the lifetime of your asset. So if you have a billion dollars invested and you're getting a two percent yield, you're actually picking up 20 million a year instead of paying 10 million a year. So the dynamic of the company is very important. So you can imagine that if I don't charge you a fee and if I don't have cheap leverage, the stock, the benefit accrues to the common stock shareholders. Because I went and I borrowed two point two billion at one and a half percent interest and I bought Bitcoin with it. So what's the logical theoretical yield of Bitcoin? Is it more than one and a half percent a year? Well, let's say it's 15 percent a year. Then we're scraping 14 percent positive yield off of the debt. And so that would be 14 percent of a billion dollars or more, which is actually 14 percent, a two point two billion. So that would be 300 million a year. That accrues to the benefit of the common stock shareholders. You see, this is the benefit of being your operating company. We can every quarter choose what to do. So some quarters we would issue junk bonds, other quarters we would issue convertible bonds, other quarters we would sell the equity, other quarters we just use our own cash. So the answer is there's always going to be a good market and there's always going to be a bad market. There are things you should do and there are things you shouldn't do. So MicroStrategy, to make a long story short, is a bit more complicated than a spot ETF, right? If you want something plain vanilla and simple, that should basically correlate one to one to Bitcoin after you pay the fee, then you buy the spot ETF. But if you wanted to actually try to outperform Bitcoin, like MicroStrategy outperformed Bitcoin, our performance over the course of three years is higher than Bitcoin's performance. So if you want to outperform Bitcoin or outperform the spot ETF, you would do that by creative financings. Like for example, if our stock trades at a 30% premium and the underlying assets will sell a billion dollars of equity, equity will actually capture 300 million of accretion to our shareholders. So there you have it coming directly from Michael Saylor. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode.
Bloomberg Law
Fresh update on "$4 million" discussed on Bloomberg Law
"Is It's the planned story to on a start 40 a -page war three document months which before outlined the the deadly entire October strategy, 7th strip attack. with attacks but Israeli senior after Israeli According forces a to temporary intelligence the are New York truce pounding Times, officials in the the an nearly Israeli felt southern two the Gaza military -month plan -old Strip was conflict. an The Israeli military says they have hit 400 Hamas According to the New Vice President Kamala Harris says the U .S. is pledging an additional $3 billion to the Green Climate Fund for developing nations to adapt to climate change. This is a pivotal moment, our action collectively, or worse, our inaction will impact billions of people for decades to come. Harris made the announcement Saturday at the COP28 summit in Dubai. The pledge is on top of $2 billion. the The U Morning Center says the threat of a tsunami has passed following a major earthquake in the southern Philippines. Coastal areas as Japan far as had expected waves up to three feet high after a 7 .6 magnitude earthquake struck near the island of Mindanao late Saturday night local time a series of powerful aftershocks hit the southern islands but there were no reports of major damage or casualties. Apple Music is having an interactive Taylor Swift experience to commemorate her as Artist of the Year. Swifties can register now for the Taylor Swift era's The Experience in New York City on December 8th and 9th. The singer won't be in attendance but The Experience takes fans through the 10 Taylor Swift eras that led to her history -making year. Apple Music says only registrations from the Greater New York City area are eligible and registration closes Saturday at 11 a .m. Eastern Time. I'm Dena Kodiak. Apple The weekend is donating millions to help humanitarian efforts in Gaza. Here's Brian Shook. On Friday it was announced the singer donated two and a half million dollars through his Exo Humanitarian Fund, enough for four million emergency meals. The donation benefits the United National's World Food Program which continues to try and make daily deliveries of food and food to those trapped in Gaza. Actress Jane Fonda believes courtrooms are becoming a critical frontier in the fight for climate justice. Nika McGahis has more. The Oscar -winning activist was joined by California Attorney General Rob Bonta Fire for Drill Fridays to discuss what she calls landmark cases against big oil. It will make blood your boil. To know now what they knew then and what they did having known that. Bonta says the oil industry knew that using their products led to climate change but spent decades misleading the public. Fire Drill Fridays was launched by Fonda and Greenpeace USA and aims to raise awareness about the climate crisis. In New York police are looking for two men accused of breaking into an apartment in the Bronx and tying up two people who live there. Jonathan O 'Holloran reports. It happened just after 830 Monday night in the Mount Hope section on East 176th street. The two men forced their way into the apartment, pulled out a gun and down to the 46 year old man and 68 year old woman lived who there. While the residents were tied up the thieves gathered over ten thousand dollars in jewelry, handbags and eighteen hundred dollars in cash before taking off the two victims were not hurt in the incident. Beyonce is aiming to be queen of the box office this weekend. Renaissance, a film by Beyonce, earned 5 .1 million dollars from preview showings Thursday night. The concert is film on track to earn somewhere between 17 and 20 million dollars during its debut weekend. That will put it in a tight race for first place with Hunger Games, The Ballad of Songbirds and Snakes. The prequel film has won the box office battle the last two weeks. I'm Dena Kodiak. Thanks for some watching. Here are of the stories we're watching. As you've been hearing on Bloomberg Radio, the Israeli army has been focusing air strikes on southern Gaza, as further ceasefire talks have been ruled out by both sides, with Israel recalling its negotiating team from Qatar. The temporary truce where Israeli hostages were traded for Palestinian prisoners and humanitarian aid came to an end after seven days. Israel has blamed Hamas for the truce ending, saying that they did not uphold its part of the agreement, which included releasing all women and children hostages who were on a list that was given to and approved by Hamas. A senior Hamas official says there will be no more hostage exchanges till after the war ends. Israel says it struck 400 targets, including 50 in the southern Gaza city of Khan Yunis. Vice President Kamala Harris says too many Palestinian civilians have died while also calling images of the suffering in Gaza quote devastating. Government data being released on Friday is expected to show that payrolls increased by 180 ,000 after gaining 150 ,000 in October. The pickup in payrolls is attributed to the return of striking United Auto Workers back to assembly lines. The led UAW walkouts that affected the big three Detroit automakers for General Motors in Stellantis. The unemployment rate is expected to hold at 3 .9 % while the average hourly earnings increased by 4 % from a year ago, smallest the annual advance since mid 2021. Europe's biggest car rental company, Sixth, is phasing out Tesla electric cars from its fleet, the reason why from Bloomberg's Charlie Pellet. The manufacturer's heavy price cuts have have hurt residual values. In an email to customers seen by Bloomberg News, Sixth said said higher repair costs for electric cars compared to combustion vehicles are compounding the issues with lower resale values. According to a spokesperson, the company still plans to electrify as much it 90 touches % of its fleet in Europe by the end of the decade. In New York, Charlie Pellet, Bloomberg in the market. Thanks Charlie. Former Wells Fargo Chief Executive Officer Tim Sloan is suing his former company for $34 as $4 million. Sloan, who stepped down as CEO back in 2019, says the company illegally withheld years of unpaid compensation after he stepped down. According to a complaint filed in California State Court, Sloan is looking to force Wells Fargo to honor multiple canceled stock awards and a bonus that he says he was million. He is also seeking unspecified damages for, amongst other things, emotional distress. Global Global News 24 hours a day and whenever you want it. With Bloomberg News Now, I'm Dan Schwartzman. This is Bloomberg. Friday, we focus on November jobs. Unemployment's got a three -handle. So many people in this country don't feel it. We're kind A stronger number than expected could bring back thoughts of a December Fed rate a funds. Friday morning at 830 Eastern. The bond market is extraordinary. Listen on Apple CarPlay and Android Auto With the Bloomberg Business App. And always on Bloomberg Radio. This is Bloomberg Law. What does a prosecutor have to prove in order Where to get a RICO conviction. Tell us why the Solicitor General is sometimes referred to as the 10th Justice. news with prominent attorneys in Bloomberg legal experts. That's Jennifer Kaye for Bloomberg Law. Joining me is former federal Prosecutor Robert Mintz and analysis of important legal issues cases and headlines is the toughest hurdle for
The Greg McAfee Show
Finding Your Source of Confidence, Strength and Security
"Extremely important to be confident. You know, they say the difference between a confident person and an arrogant person is that a confident person has nothing to prove, but an arrogant person appears to have to prove that they're confident. Isn't that funny? Now you got to know who you are. You got to know what you want to do and you got to figure out how to do it, but you got to be confident. And it's not that kind of confidence where you fake it till you make it. I mean, you've got to be confident. You know, you've got to be confident and I can make this thing work. When my phone didn't ring for two weeks, I was still confident I could make this thing work. At the time, all I had to do was just go out and work harder and meet more people and make my phone ring and that's what I did. So I also had, I had personally, my strength came from my faith in Jesus Christ. That's where I get my strength today from my faith in my Lord and Savior. And that's not for everyone and that's okay, but you've got to get your strength from something or someone in order to make it through the obstacles and the failures you're going to have. So, you've also got to be secure in being who you are at any time in your growth. You know, when I started joining some groups and I was just doing somewhere around 400 ,000 a year and I was joining groups sitting at tables with guys that were doing 4 million a year or 2 million, 3 million, 4 million, some higher than that, I still had to be confident sitting at that table. You know why? Because I realized everybody at that table started somewhere and I was okay with where I was. Now, I wanted to be larger for sure, but I was okay. I was a sponge around that table. I was learning and they learned a few things from me, but I was learning. And if you take a quick look at some very, very successful companies and the owners and founders of the company, you'll find they started with very little too. So let's take a look at them right now. Put them up on the screen. Let's take a look at Steve Jobs. I mean, Steve Jobs started in his dad's garage, as you know, if you've watched any of the Steve Jobs movies. How about Elon Musk? Take a look at that guy. He started in a small office in his house. And then there's Jeff Bezos. Jeff Bezos started... Look at that office. I mean, he started somewhere. I mean, Amazon wasn't an existence. It wasn't around. It wasn't... He started it. See, he started small and started selling books. You know why he started selling books? Because he figured it out that books could be shipped for about the same price. So it was an easy shipping. And then he went to CDs and DVDs, which was actually easier shipping. So that's what he started with and why. Isn't that kind of funny? And then of course, you know where Amazon's at today. Okay. So everybody starts somewhere and normally it's pretty small. So long story short, you got to be secure where you're at in your growth.
The Tennis.com Podcast
A highlight from Executive Director of The Bush Tennis Center Tim Stallard Talks Bringing The Pros The Texas
"Welcome to the official tennis .com podcast featuring professional coach and community leader Kamau Murray. Welcome to the tennis .com podcast. I'm your host Kamau Murray, and we are here with all things tennis. Mr. Tim Stoller, Tim is the general manager and director of the Bush tennis center down in San Antonio, Texas. And they are hosting a really cool tennis event this weekend. It is the, Tim, go ahead, give us the name. Yes, the San Antonio International Team Tennis Championships, and it's at Freeman Coliseum in San Antonio. However, the Bush tennis center is way out in West Texas, about 300 miles away in Midland, Texas. So that's kind of an interesting dynamic of this event. Yeah, we want to hear a lot about that because I'll be honest with you. You know, I built 27 tennis courts in the city and the Bush tennis center has the exact same mission as I do, and I'd never heard of it. So we want to dig into that. But first, let's dig into your background. You have put on more than 50, you know, ATP, USDA, Pro Circuit events, assistant coach at University of Texas, spent time on the court with Andy Roddick. Tell me about your pedigree, where you come from, how you got in the game, and how you were able to travel through so many different levers of the sport. Well, I actually, it started in Rockford, Illinois, way up north, and started playing tennis and just, it was one of those things after my parents got divorced a couple of times. I love baseball, but trying out for baseball teams was more problematic than just entering tennis tournaments. So I kind of fell into tennis through that and loved the sport. And you know, like you said, went on to coach at University of Texas and started, you know, just had some great players. And that's really how I got into starting to run events is I was trying to get wildcards and help out players that I was coaching. And way back in the day, I had two really great players in Texas. One was Julie Scott, who is an All -American at Stanford. And, you know, I couldn't get wildcards. And the other one was Elizabeth Schmidt, who played at UCLA and went on, now she's a head coach at Rice. And very deserving kids. And the USDA said, you know, if you start running tournaments, you get the wildcards. So at one point, I had 13 challengers across the U .S. And some of those challengers, like Champaign -Urbana, are still moving along. So it was an interesting process. So we've held calendars the last two years. And it is a tough business model. To have 13 of them, you know, they struggle to make money. They break even at best. To have 13 of them, you must have had a model that worked because no one would ask for it 13 times if you don't. So tell us about your experience with challengers because we see challengers in the U .S., you know, come on and off the calendar, right? And it hurts our U .S. players from, like you said, creating that vertical for where they're in, you know, the collegiate pathway, they want to try to hand it to Pro Tour, they can't get a wildcard, not enough events to spread the wildcards out. How did you make the challenger model work? Yeah, you know, I was able to get national sponsors. I mean, it covered everything. So I had great sponsors, AOL, Porsche Cars North America, Bear Stearns, HealthSouth. So I just went out. I had a great mentor, a big advertising company, GSD &M. The founders of that really kind of showed me how to put media value behind packages. And I found a kind of a good formula. So you know, I would have literally just, you know, Porsche would say, we need these markets and I would jump on a plane and go to Miami and find facilities. But it was a nice problem because I had all the financials together. You look at the challenger that was in Dallas for years, that was over 20 years that they had it at TbarM. So lots of great challenges throughout the years. Now when you would sell those packages, would the sponsor take all 13? Or like the major sponsors take all 13, then you add on locals? Or was it, you know, and the people would pick off whichever ones they wanted in the markets? Yeah, for the most part, you know, we'd have our major sponsors would take all the markets and then we'd sell kind of patron, local, because you always want the local community involved. So we'd have local patron packages. And we really did our best to make it a fun event, you know, pro -ams and music and access to the players. And, you know, for me, a big part of it was telling the story of the challengers. I mean, I love challengers because you have the veterans that are hanging on that come to get the points. You got the top juniors in the world and they clash at the challenger level. And you know, I'll never forget, I was in a drive -through at McDonals in Austin, Texas, and I got a call from Andre Agassi's brother asking for a wild card into Burbank. And at that time, I'd already, I'd committed, I had a player, Brandon Coop and Robert Abendroth, I committed my two wild cards, so I couldn't give him a wild card, but I was hoping the USTA would. And you know the story, I mean, he got a wild card, he played against Sarga Sargisian in the finals. They called it the Battle of Armenia. And it was a great tournament and it was great to see him come back a year later. He was already back to number four in the world. So it was really just an inspiration to see Andre. Yeah, so, you know, I think that one of the things we us to underestimate is like really the job of these challengers, right, especially in the US soil, is to help promote the next generation of player, right? So I always like to hear a famous story. So our challengers, our wild cards went to Ben Shelton last summer. That's awesome, man. I always hit the semis, obviously got to perform, got a wild card into, got to upgrade a wild card, got originally got a wild card in the Qualities of Cincy because he was in Chicago so long, upgraded to the main draw. And this year, Alex Mickelson wins our event, goes on and plays Newport, right, gets the final to Newport, loses to Manarino, I think. So tell me about another famous wild card story where you see, you gave a wild card to someone that has some potential. And then other than the story you told us where you're like, you know, we had a hand in that person's career. Well, a couple of them, one in Rockford, Illinois, back to Rockford, Illinois, I had a challenger there in February following the Midland, Michigan challenger that's still going. And I got a call from one of my idols, Nick Boletary, and said, I've got this girl, she's number one in the world. And she's not going to make the cut for the challenger. And we think she has a lot of potential. It was Anna Kournikova. So I gave her a wild card and she won it. And you know, I believe, you know, five months later, she was in the quarterfinals of Wimbledon. And what's cool about Anna is Anna came back and we've done a lot of charity events. And following, we did an event in Beaumont with Pete Sampras. And she flew after that over to Horseshoe Bay to do a free clinic with my wife and kids. And it was the first kids courts, it was the Andy Roddick kids courts out at Horseshoe Bay. But she flew over, you know, did it absolutely for free to give back to the kids. And she's amazing. But it's really funny that, you know, that started when she was 13 years old in frigid Rockford, Illinois, in February. So you mentioned your wife and kids, do your daughters play at all? They did. They're older now. They're once graduated from A &M. She's an architect and my other daughter is about to start her master's in communications at A &M. Now, did you tie your hand at coaching them? You know, obviously, I'm trying to coach my kids. And I'm trying not to let what happens on the tennis court blend into the car ride home or blend into the dinner table. But sometimes that's really hard. Did you try your hand at coaching them? And how did that go? Yeah, I did. My wife was really their primary coach. And my wife was a great player, all American at Texas, coached at Texas. She's number one in the Southerns, finalist at the Easter Bowl, just a great player. And we are very different coaching styles. My wife is very, you know, very, very fired up with the girls. I was a lot more laid back. And you know, when I go to their matches, I'd have the newspaper, my Starbucks, and they go, Dad, you're not even watching my match. Of course, I'm watching every point. But when they look at me, I've got my newspaper up and my coffee is kind of downplaying it. But they were great, you know, we're really proud of our daughters. And we officially became grandparents about a little over a year ago. But, you know, tennis was just a great experience for their life. And it, you know, for me, it changed my life. You know, growing up in Rockford, Illinois, my dad was an automaker, tool and die maker, neither one of my parents even know how to keep score in tennis. And like I said, after a couple of divorces, I had a wonderful coach, Pat Wicks, that gave me a lot of free lessons and I just worked my butt off and it opened doors. And, you know, that's what we're really inspired to do with the Bush AIDS Outreach Program is create that opportunity. And I mean, we have 100%, any kid that comes, we provide full scholarships, partial scholarships, we turn down no one. That's our mission. So we're real proud of that and we've helped a lot of kids and we're expanding that throughout the state of Texas and then happy to really help, you know, great foundations like the Ryan Brothers Foundation, John Isner. My wife and I, we went out and helped Sloan. Sloan had over 300 kids bust in from Compton at USC. My wife and I went out and helped with clinics out there to help Sloan, but she does amazing work year -round. So there's a lot of great stories and a lot of great things that, you know, people see these great players on the court, but I'm really inspired for a lot of things they're doing off the court. So tell me about the Bush Tennis Center. I would say I didn't even know it existed. I didn't know that the Bushes were big tennis people. I knew the Koch Brothers were big tennis people down there in Texas, but didn't know the Bush Tennis Center existed. So tell me about how the Bush Tennis Center came along and how you ended up taking the job. Oh, it's, in 2015, I had John Isner, Sam Querrey, and the Bryans, and we did a four -day run where we did Atlanta, Nashville, Midland, and then Camarillo, California to do something for the Bryan Brothers for their foundation. So those four guys, 2015, went through just to do a one -day event and just started talking to the people that founded the Bush Tennis Center and they were having some challenges with the business model, asked me to, hired me as a consultant initially. And I just said, you know, here's all the things that need to be done. And they're like, well, we want to hire you. I'm like, well, I don't live here. I live in Austin. My wife's director of tennis at Horseshoe Bay Resort. My company's in Austin. They're like, well, we don't care if you live here, just come and check into the Double Tree Hilton downtown Midland and come and figure this thing out. And you know, it was really neat because at that point I was working, I was trying to build a similar facility next to Dell Diamond with Reed and Reece Ryan, Nolan Ryan's kids. They owned the Minor League Ballpark there and we were kind of going down that road to maybe buy the ATP event in Memphis, build a facility like this. And you know, we're going down that road, but there was a lot of politics and just dealing with governments and stuff. I go out to West Texas and they're like, you know, here's the keys to the place. How much money do you need? Let's get it going. I mean, it's just an amazing opportunity. And we're on 35 acres. We've already on the far west side, we just opened a $4 million park designed for special needs children. So we've got zip lines. Everything is set up where kids can play just despite, you know, physical challenges. They can play side by side with all kids. We have a $4 million park. We just broke ground on a new 90 ,000 square foot athletic center, which will have five indoor basketball courts, 15 volleyball courts, a 75 yard turf indoor field. And then Lance Hooton, who I actually met through Andy Roddick, who's traveled with Andy. It's going to be a sports performance training center. And Lance Hooton's coming in and using his expertise to develop that as well. So, you know, it's a big campus and it's all set up as a nonprofit. It's a legacy for the Bush presidents. And you know, I feel like to some degree I get to be Santa Claus because I get to really help a lot of kids. And that's super important to me. And we've got a staff that is just amazing, that just cares so much about helping kids and really developing a great event, a great product. Now you're also building indoor tennis courts. And what people don't know is like in these southern markets, right, places where you just say California, Texas, Atlanta, Florida, even, he's like, why do you need indoor courts in those markets? Sometimes it is so hot, right, that you just need the, you need the roof for the shade, right? Or sometimes like in Florida, it'll rain all day, right? And you need the roof for the rain. So tell us why you would need indoor courts in West Texas. Well, a lot of times it's just too windy. I mean, we're just out in the middle of nowhere. It's flat as can be. And, you know, as they say, there's not a lot out there, but there's a lot under there. I mean, we're on the biggest reserve of oil on planet Earth, the Permian Basin and the Delaware Basin, you know, come right out of right out of Midland, West Texas. And but it's flat, high winds. So we lose a lot of days where, you know, the wind gets up above 25 miles an hour. It's not playable. Dust is blowing. And then, you know, we have one hundred and one hundred and ten hundred and fifteen degree days in the summer, and then it drops to twenty five degrees. That's just all over the map. So indoor courts will definitely help us. We're looking at doing eight indoor hard and four indoor clay, and there's no way to do outdoor clay. It would just blow away. So it would be so dry and you'd be you know, every year we bring in twelve tons of clay to sort of re -top off our red hard shoe courts. I mean, I would only imagine how much money you spend on. Oh, yeah. It wouldn't last.
The Eric Metaxas Show
A highlight from Megan Basham
"Welcome to the Eric Metaxas Show. I shouldn't tell you this, but Eric hired someone who sounds just like him to host today's show. But since I'm the announcer, they told me, so I'm telling you, don't be fooled. The real Eric's in jail! Folks, welcome to, I think this is hour two. My guest today is Megan Basham with the Daily Wire. Megan, what's new? Man, lots of things are new. Lots of things happening at the border, lots of chaos, lots of new policies being pushed. So that's kind of the beat I'm on right now. I've been covering this for a while and I'm working on some reporting in that area. Is there anybody in the world who really doesn't understand the nightmare of an open border, the nightmare of millions, millions of unvetted strangers wandering into American territory? I mean, it seems like you really have to be willfully ignorant or an enemy of America not to be deeply concerned about this. Yeah, and I think, you know, I would be very skeptical if people really don't understand what this does to our national sovereignty, sovereignty, sovereign, apparently I can't say that word, but how it protects our national interest and how this violates our national interest. So we have people coming in. 150 ,000 illegals were released into the United States in September alone. I believe it was 1 .4 million came into the U .S. These are those who were released that we know about, by the way, in fiscal year 2023 alone. So that's 1 .4 million new illegal immigrants in the United States. And all of us have seen the chaos at the border. We've seen the devastation that that is wreaking the crime, the drug trafficking, the sex trafficking. And basically, I think it's very hard for anybody to say, no, we don't really know how harmful these policies are or really lack of policies. And so what we're seeing now is the Biden administration trying to pretend like, gosh, we're trying to get a handle on it, but we need these Republicans to work with us. I would argue that it seems pretty obvious to me that it's fairly orchestrated. I don't think things like this can happen on accident. The messaging has certainly been that if you can get to the border and get across, you are going to be able to stay. So that has really, you know, sent up a flair to people all over the world that now is the time to crash the gates of the United States. Well, I mean, a lot of this stuff, maybe it's obvious to some people, but I want to spell it out a little bit. Ladies and gentlemen, you understand that we're dealing with the evil. And the reason I use the word evil is because if we know that fentanyl is flooding across our border and killing thousands and thousands and thousands of people across this country, we would want to do something to stop stop that. If we know that sex trafficking is happening, that children are being raped, children are being raped many, many, many, many times. People are making money off the rape of children in a moral world. You'd want to do something about that. Potential terrorists, hostile people, hostile to America are coming across the border, whether Chinese hostels, whether people who are hostile coming from the Middle East, from sent by Iran. This is all very basic. Any person with common sense would understand that this is going to be very harmful to human beings around the world. But in certainly America and if you're the president or if you care about America, you would take this extremely seriously unless you cared more about your political future than about American citizens and about the future of America. That to me seems the inevitable conclusion when I hear any modicum of the evidence that we're talking about. I don't see how else to read it. And I tell you, Megan, it's a little chilling to think that things could be that dark, that political leaders could be that profoundly cynical, that they don't care about lives destroyed by fentanyl. They don't care about children being raped to not care about those things, to not care about enemies of America entering the country. It's just it's it's almost impossible to process, frankly. Yeah, and I hate to be a little bit even darker than that, because I think that we expect this kind of thing from our political leaders. But the story that I've been tracking in particular related to this subject is how we are seeing our church leaders get involved in order to support the Biden administration's policies. So a report that I'm working on right now is how groups like the Evangelical Immigration Table, which, if you're not familiar, is a part of a left wing foundation called the National Immigration Forum. And just to give you a little background on who this group is, they were founded in the mid 2000s. Their biggest bank roller was George Soros, who, as we know, has a vested interest in destroying borders and really seeing that we have no sovereign nations anymore. That has been his project. He's been somewhat open about that, surprisingly. And so around 2010, Soros was the National Immigration Forum's biggest backer. And then 2012, 2013, they created sort of a front group to target conservative evangelicals, conservative Christians saying, hey, we support these these open border policies as well. At the time, what they wanted was to get the Gang of Eight bill across the finish line, which, if you remember that, that was a very bad bill that was supported by Chuck Schumer and John McCain. And what it would have done was grant amnesty to millions of illegals for the low, low price of up to one thousand dollars. So it could have been lower than that, but it was up to one thousand dollars. And I think it's worth looking at the chaos we're seeing now and asking how many people are willing to try to make it into the U .S. if they know that they can buy citizenship by just biding their time and paying such a low fee. So at that time, the evangelical immigration table was formed. People like Russell Moore, the Council for Christian Colleges, signed on World Relief. And you may know a little bit about this, Eric, because they went around and sort of solicited a very general statement of principles and they got some noteworthies to sign on. They got me to sign on. Right. I was just going to get to that. Yes, they did. I'm no longer signed on. Right. They managed to tell that because this is so fascinating. I mean, the idea we'll talk about Russell Moore. He's the head of Christianity today these days, which is just depressing. But talk about this, because this was presented. Well, tell the story. It's just amazing. Right. And I'm going somewhere with this because I think it's important to understand the history of how these organizations came about. So when they started to circulate this general statement of principles, they went to various Christian noteworthy. These people like best selling authors of biographies by people like about people like Bonhoeffer. So you are obviously the kind of person they wanted to sign up. And after they circulated this general statement of principles, they then released a letter and they sent it to members of Congress saying evangelical Christians. Look at this list of noteworthy who want to see you pass this amnesty bill. And again, I want to say that this amnesty bill was very bad. It's why Jeff Sessions, who was then the head of the Senate Budget Committee, said this would be devastating for American workers and the American economy. And by and large, evangelical voters did not like it. So you could look at this as something of an astroturf campaign to convince legislators that, oh, gosh, we better support this because our evangelical base wants to see it. So once they did that, they then started meeting with Obama. Russell Moore, who was then the head of the Ethics and Religious Liberty Commission, which is the lobbying arm of the Southern Baptist Convention, the largest Protestant denomination in the US. So they then started doing photo ops with Obama, saying, isn't this great? We're holding hands across the aisle. People like Eric Metaxas, who's known to be conservative, support this. And all the while, you know, George Soros's money is funding it, which they tried to deny. And we'll come to that in a minute. But then people like you realize, oh, this is how they're using my name. Take my name off of this. I don't support this. So that was the first iteration of the evangelical immigration table when Democrats and I would say squishy Republicans first tried to get this kind of amnesty policy across the line. And I don't know if you want to step in and say, yeah, I heard about it. I took my name off of it. Yeah, well, I don't know if it was Ann Coulter, but some friend said, Eric, I think you've made a mistake here. Look at this. Look at this. And I thought, wow, I've been bamboozled or maybe I'm just stupid. Either way, I know I mean, it was what they did. Well, I mean, I think here's the thing.
Real Estate Coaching Radio
A highlight from UGH! My Real Estate Listing Won't SELL! Here Is Your 6 Step Plan
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. So today we're going to be focusing on how to sell the impossible to sell listing. Now some of you don't have any listings and I get that where there's tens of thousands of you that listen to this podcast every single day, but save these notes because you can use them for many different ways. For example, maybe you're going on a listing appointment this weekend and maybe the market where you're going to be going on a listing appointment is a little bit tough as we're going to be discussing in a second. Maybe you happen to cross an expired listing because you were smart enough to call them and now you're running to show the seller what you're actually going to be doing to get the listing sold. Open your mind and obviously this is specifically designed for those of you who have the impossible to sell listing because Julie, that is a common theme of calls that we're getting and messages on Instagram or whatever. People that are just agents that are just completely beside themselves because they can't seem to sell a listing that maybe a year ago would have sold instantaneously with 20 different offers. Yes, and they're stymied by trying to figure out how to have these conversations with sellers. What are you supposed to talk about? How are you supposed to diagnose what is actually going on with it not being sold? But don't you think that's the heart of what the problem is, is not knowing how to tell sellers bad news? It's lack of bedside manner. Yeah, and it's unfamiliarity with having bad news in real estate versus here's 20 offers, choose one. Do you remember our first, so you and I have been in the business for three decades and our first year in the business, we sold over 100 homes. Do you remember the listing appointment that we went on? I'll just say our first name, not the second. Hazel is our first name. You remember? Yeah. Okay, so she had a really funky modern condo. We loved, but evidently nobody else did. It was cool. Yeah. And this thing had expired with her previous listing agent who'd sold it to her and I believe it had expired twice. And then when Julie and I ran the history of it, this thing had always been a tough sell. Very, very modern and again, something very different for that particular community. Well, the problem that she had obviously wasn't location and condition couldn't have been it fixed because was modern in an area where everything else was, I would say, colonial and things like that. It was weird. But the thing that she could actually have a positive effect on was the price. But her previous listing agent did not know how to get her to lower the price, did not have the script, did not have the skill set, but mostly did not really have the mindset how to essentially go to Hazel and have a hard conversation with her, which by the way, when we did do it, did result in a lot of motions and she did cry. And it was an uncomfortable situation, but it was also necessary because she had to sell the property. That's the hard part in a market like this. Learning how to have the skill set, knowing what to say and how to say it. Because the impossible hard to sell listings and those super hard conversations on the other side of that is where you're going to start creating a lot of market dominance for yourself and success because other agents aren't willing or aren't able to have those conversations. Exactly. Your best marketing is that for sale sign. I'm sorry, the sold sign. Yes. Okay. So how to sell the impossible listing. Here's the secret. And Tim just mentioned this. There is no magical marketing plan, idea, campaign, or video that will turn an overpriced tough to sell listing into a sold. So stop looking for a miracle and sharpen your skills. The object is to be the listing agent at the time it sells. So we're going to help you have these conversations first. It's important that you review the facts of the subject property and the seller's situation. Point number one, do a new comparative market analysis. You know now that the house, I'm sorry, you know the house better now and you've had some feedback on it. So since you've been listed, there have been new sales, new pending sales, new active listings to compete with. Pretend it's a new listing. Where would you price it now? And consider the following, the absorption rate. That's how many homes like your subject property typically actually sell per month. Okay. So that is going to be something that they're not going to be familiar with coming out of this past market. So it's what Julie just said but even break it down even more. I had a call with someone in our EXP family and she had, this was recently, she was selling luxury listings and these were listings like I think in her market they're 1 .2 to 1 .4 million and in her entire career of less than 10 years everything had always sold with multiple offers. Barely time to put a sign in the yard and the listing would sell. Now it wasn't working like that. Now the local employer wasn't doing a lot of reload.
Thinking Crypto News & Interviews
A highlight from HUGE $3.4 BILLION CRYPTO FUND IS COMING!!
"Welcome to the thinking crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review it supports the podcast and it doesn't cost you anything. Well, folks, we got huge news. Bitcoin's golden cross has been confirmed on the charts. So we're seeing more and more indicators leading us to believe that higher prices are coming. We got the narratives of the Bitcoin spot ETF. You have global liquidity on the rise again. And we're seeing a lot of data points are telling the story of Bitcoin's continued rally and higher prices. Now is that guaranteed? Of course not. Right. We are forming a thesis. We're looking at different data points and we're forming, making an educated guess. So I personally been saying for a while that Bitcoin could retrace to the 40 to 48K range and it could go higher, maybe to 50 something thousand, but we'll see what happens. It's not guaranteed, but I think it's something similar to what played out in 2019 is playing out here. So we'll have to be patient and have our exit strategy. I will be taking profits on Bitcoin at 40K. If it goes higher to 48 over 50, I'll certainly be taking profits and we can expect a mini all season. Now, the other thing that's bullish is that the DXY, the dollar currency index is looking weak right now on the charts. It's forming some red candles. So I hope that it collapses because the DXY, when it goes down, assets go up. When the DXY is going up, assets go down. So it's interesting how this plays out and this is another indicator of a bullish momentum ahead. So let's be patient and see how things play out in the coming weeks and months. Well, folks, I got huge, huge news for you. Very bullish. A16Z eyes a $3 .4 billion raise for their next venture funds. This is being reported by Axios. The new A16Z crypto investing vehicles could be introduced in 2025. Folks, let me take you back in history. In 2021, they launched a crypto fund that had $2 .2 billion in it. And if I recall correctly, it was oversubscribed. There was so much demand and, you know, A16Z, they've done incredibly well investing throughout the years. Marc Andreessen, of course, has his legacy in Web 1 .0 with Netscape. They started investing in social media platforms and much more in Web 2 .0. And now they're here in Web 3 .0 with crypto and blockchain and investing in these companies. They were an early investor in Coinbase and many crypto projects. So A16Z, as you can see, then the level of capital is raising, right, by billions. This is incredible because I got in the market in 2016. There was no news like this. We didn't know it. But, you know, if they were doing some of the investing, it was not in the billions and it was not making the big headlines. It was still almost taboo to be investing in crypto. But we know the cards are on the table. All these institutional investors are here, BlackRock and everybody. The line is growing around the block. They want ETFs. They want to invest in the tokens. They want to invest in the companies building the infrastructure. So this is pretty incredible. And as mentioned, the capital amount is raising significantly. So Axios reported Monday that A16Z, the largest venture capital firm by assets under management, will launch its fundraising efforts by the end of this year with an aim of closing them during the first half of 2024. While A16Z is chiefly known for focusing on tech and the burgeoning AI sector and social media platforms for investing, the firm's portfolio also includes buying in crypto projects and businesses. A16Z's notable crypto investments include Coinbase, Aptos, Avalanche, Dapper Labs, Layer Zero, OpenSea and Worldcoin, among others. Now notice in that portfolio includes both coins as well as companies. So they are diversifying. So it's important to keep that in mind. Crypto investing will remain a priority with new investing vehicles coming in 2025, Axios reported. Among the firm's recent crypto investment was SMLXL, which raised $13 .4 million in late October. In September 2022, A16Z Crypto led a $16 .8 million seed round for NFT -focused startup IYK, alongside Collab Currency, Lattice Capital, 1KX, Synergis Capital and others. So folks, very bullish news. You see more capital is coming in. And you look at the economy and everything that's happening around the world, and these folks are raising the bar, right? They're raising the capital amount for the fund is growing every market cycle. What does that tell you, right? That they are getting the capital from institutional investors who want to participate in the fund. And there's demand for crypto. There's demand for investment into these technologies, especially as the traditional financial markets cool down and there's a lot of issues with real estate and these things, right? There's not much money to be made there right now. People are not buying or selling.
The Bitboy Crypto Podcast
A highlight from $1.96 Billion Crypto Powerhouse! (What You Need To Know About Compound)
"Listen up, folks. I need you to stop saying yes to crappy 0 .1 % interest your bank offers because, frankly, they're making billions and robbing you blind. And that's why I'm here to tell you about Compound Finance and its native token comp and how it could be the best way to make your money work for you. But be careful. This video may make you never want to use a bank ever again. It's time to discover crypto. Compound is a permissionless and decentralized finance protocol that was founded by Robert Leshner and Jeff Hayes back in August of 2017. And about a year later, the Compound protocol launched on the Ethereum blockchain. It started out with $25 million raised in a seed round in 2018 and $8 .2 million worth of venture funding that was raised at the end of 2019. Compound has notable investors like Bain Capital, Coinbase, Dragonfly Capital, Polychain Capital, A16Z and Paradigm. Then, in the midst of global lockdowns, Compound ICOed in June 2020. ICO means Initial Coin Offering, which is similar to an IPO in TradFi land. Initially, 42 % of the tokens were allocated to liquidity mining, about 24 % to shareholders, 22 % to the founders and team, and then 7 .7 % to the community and 3 .7 % to future team members. Within 5 days of the ICO, the price of Comp jumped to over $300. And at the height of the last bull run of 2021, one Comp was worth over $900 USD. Comp has a total supply of $10 million and its circulating supply has reached almost $7 million. Comp is inflationary and with a little over 1 ,200 Comp emitted per day, Comp is estimated to reach its maximum cap around July 2024. These emissions are distributed to the protocol users, half going to suppliers of the assets and the other half to the borrowers. Other than holding Comp as an investment vehicle, you can also use it for governance, submitting and voting on proposals. Okay, so let's talk a bit more about what the protocol actually does. But before we do, make sure you like this video, subscribe to the channel if you haven't already. Compound creates money market funds in the crypto space, pulling tokens from users with algorithmically determined interest rates based on the supply and demand for the tokens. So if a lot of people want to borrow USDC, but not a lot of people are lending, the interest rate goes up and vice versa. Compound uses smart contracts, which are autonomous decentralized digital contracts that automatically execute tasks once a certain requirement is met. Compound smart contracts allow peer to peer borrowing and lending directly without a centralized intermediary like a bank or the mob. But who am I kidding? They're basically the same thing. When you lend an asset on Compound, you receive a new asset representing what you're lending. For example, if you lent USDC, you'll receive CUSDC in return. You can supply tokens through the protocol and earn a return as well as take out a loan. And Compound covers its expenses by taking a small percentage of the interest earned. Compound was also one of the first platforms to introduce yield farming, which means users lock up their tokens to earn rewards. But you may be thinking, wait, didn't a ton of lending platform just go into bankruptcy? Looking at you, Celsius and BlockFi, why is Compound better? Well, remember, those other companies were centralized entities, not to mention their loans were under collateralized and the management of those companies made really bad investment decisions with their users funds. The collapse of these companies actually leaves Compound in a rosy light because it shows exactly how much collateral protocols need to demand to provide sustainable loans. With a decentralized platform, the community votes on the direction of the protocol. So there's less opportunity for the greed and recklessness of the few to completely wreck the life savings of the many. But remember, I'm not recommending you put your life savings into any one platform. In fact, I'm not recommending anything. This isn't financial advice, and you always have to do your own research and practice proper risk management. There's no way to earn yield on crypto that is 100 % safe. But Compound has almost $2 billion total value locked with $2 .34 billion of collateral that's backing $889 million worth of borrowing. That's about 1 .5 times the amount of the loans that Compound has given out, which means the platform will be able to weather the ups and downs of the bear and bull markets. And funnily enough, BlockFi, Celsius, and Compound were all founded in 2017, and yet Compound is the only one who made it out of the dark depths of the 2022 bear market, alive and kicking. Plus, Compound doesn't require KYC or identity verification, so you can borrow or earn interest without giving away your priceless personal information to an entity that could really do anything it wants with your data. But another reason we think Compound is worth talking about is that it's been vigorously audited and verified in comparison to the other decentralized lending platforms, which means Compound is attempting to make your assets as secure as possible. And Compound is so concerned about security that it takes every opportunity to learn from the mistakes of other protocols. Back in October 2022, Compound paused the supply of YFI, ZRX, BAT, and Maker to protect against market manipulation attacks after a Comp governance proposal called out the low liquidity for these tokens and potential vulnerabilities for the platform. And after Ave experienced an exploit attempt back in the fall of 2022, Compound passed a proposal that imposed loan limits and introduced borrowing caps for certain coins in an attempt to lower risk. This brings me back to how important the open source decentralized governance is for the safety of Compound. The community has the platform and the user's best interest in mind and work together to protect them. Compound has been quietly building over the past year in anticipation of the forthcoming bull run. In May 2023, Compound announced it would now be available on Arbitrum, which is the largest layer two scaling solution in terms of total value locked. For now, you can only use ARB, GMX, Wrapped ETH, and Wrapped Bitcoin to borrow USDC, which is another tip by Compound to manage risk on its platform. And if that wasn't enough hype for you, Compound also recently launched a mechanism called Encomber, which allows users to retain ownership of their tokens while granting other users the right to transfer their tokens. This is a huge milestone for the platform because it provides a ton of potential use cases. Obviously, this assists the current lending markets because users can encumber their tokens as collateral to lending markets, allowing them to maintain custody. This also creates an opportunity for trading where a user could encumber their tokens to a logic contract that has the option to buy the tokens at a certain price. And if that price isn't met or the contract expires, the tokens never leave the seller's account. But I know there are countless potential use cases for this technology, and I'm excited to see where it goes. The other big piece of Compound news is that the founder resigned over the summer. You think that would make investors nervous, but funnily enough, it had the opposite effect. The price of Comp skyrocketed from a low in June around $26 to a high in July of almost $80. That's almost a 3X during the bear market, folks. Robert Leshner, who you'll remember as one of the Compound founders, resigned as CEO to focus on his new business venture, Superstate Trust, which is a fund focusing on short -term government bonds, government agency securities and other government -backed instruments. Leshner had already raised $4 million from a variety of DeFi investors when he made this announcement. And the coolest part about Superstate is that it plans to use Ethereum blockchain as a secondary record -keeping tool. This seems to mean that the shares in the fund will be recorded on ETH. Leshner wrote, This statement implied that Superstate shares might eventually be available on Chain, causing rumors to run rampant that Comp holders might receive an airdrop of Superstate tokens. If you want to pick up some Comp, you can get it on various centralized exchanges like Binance, Coinbase and Kraken, or you can check out decentralized options like Uniswap or SushiSwap. I think Comp is a sleeping giant that will crush the next bull run. But I'd love to hear what you think. Are you an investor in Comp? Do you think you'll go back to its all -time high in the next bull run? Or will it soar past to the moon? Leave a comment below and tell me what you think. And I'll see you at the top.
Real Estate Coaching Radio
A highlight from The UPSIDE To A Down Real Estate Market
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Julie, what the heck is the upside to a down real estate market after all? Well, I know there's so many negative headlines and doom and gloom and the number of sales has crashed and this and that and the other, but there are some upsides to this market. And let's do down, let's define what a down market really is. Sure. Because as we've been sharing with you guys the last couple of weeks, it looks like this is indeed going to be the worst real estate market in terms of home sales of our lifetime. So for those of you who just got your real estate licenses, evidently you didn't get the memo. What were you thinking? We're just kidding. Because we think a market like this creates the most opportunity for agents that frankly are being proactive with the right skill set. But yes, we're looking at this year being the lowest number of actual home sales maybe in the last three or four decades. The numbers obviously aren't all in yet, but that is indeed what it appears is going to be, this is going to go down in the history books. And for those of you who are wondering what a tough real estate market actually feels like, you have just lived through it. Congratulations. And there's every reason to believe that we're at or near the bottom in terms of the actual number of transactions. And last point, and I've made this the last three days because it's really important. Yes, this is going to be the lowest number of transactions in maybe recorded history for real estate sales in terms of percent of homes that actually got listed and sold. But we're still looking at what we believe to be around 10 million paychecks were issued to real estate agents this year. There are 4 million listings that sold, there were almost 7 or 800 ,000 new construction homes that were sold. Hopefully all those had two sides, a buyer's agent and a seller's agent. You guys can do the math. That's not a bad thing, it's just a function of whether or not you were one of the agents receiving multiple tubes of those paychecks. And if you weren't, this is today's podcast. That's right. So we're going to give you talking points. These are really objection handlers in some sense. When people say, oh, I'm going to wait or, you know, the market's terrible, whatever. What is the upside to a down real estate market? Point number one, buyers in the new market now have more choices. Inventory just went up, I think about 11 ,000. It's not a ton, but it is inching the right direction. How many of your buyers were sidelined for months or even years waiting to have more than one house to choose from? How many more buyers opted not to be in a bidding war? They just didn't want to deal with that. How many of those buyers have also got a home to sell? Who told you they would have listed, but where would they go? We did a podcast on that, by the way. And there's a lot of new construction too that's finally coming online. Tons of new construction. When was the last time you spoke with those people? Inventory has inched up over the past 90 days, even if it's just slightly, but new construction has inched up a lot. Some homes are taking longer to sell and as days on the market increase, so do the numbers.
Tech Path Crypto
A highlight from Crypto Blamed For Terrorist Funding | U.S. Hearing Breakdown
"All right, so let's get into some crypto media deconstruction today. We'll be driving into what is the source of terrorist payments out there? Some people say crypto. We're going to prove that wrong. It's going to be a good one. Don't miss it. My name is Paul Baron. Welcome back in The Tech Path. All right, so here we'll start off with The Wall Street Journal. This was actually behind a paywall, so not many people actually got to read it, but the point was, what are they hiding? And also the idea was is that crypto was one of the genesis behind some of these activities. So this is a problem that we continue to see. Now the interesting thing here is that at the same time this was going on, we were seeing policymakers start to move to these hearings. And the hearing took place, I'm going to play some clips for you guys here in a minute. This was the hearing that's taking place right here. Let me kind of zoom in on this for you. How Americans and its allies can stop Hamas, Hezbollah, et cetera, Iran from evading sanctions and financing terror. Well, we'd pretty much have to shut down the U .S. dollar if we were to do that. So I'm going to play a couple of clips to you. I want to jump to this first one so you guys get a kind of a framework of everything that's happening. My name is Adam Zarazinsky. I'm the CEO of IncaDigital, a data analytics and all -source intelligence company focused on cryptocurrency. The overall discussion on crypto and how it's used in illicit finance is oftentimes chaotic. Misconstrued and taken out of context. Hamas, Hezbollah, and Iran do receive donations via cryptocurrency and do use crypto to move money. But they also use local money changers, wallahs, shell companies at banks, trade -based money laundering and other methods. I'm sure you all saw the Wall Street Journal article that came out about Hamas utilizing crypto to raise funds. And I suspect that may be the impetus for me being here today. In that article, two forensics companies estimated that a portion of $135 million had been received. That was received by Hamas and the Palestinian Islamic Jihad through crypto since 2020. After that article, there were a series of debates, new statements, and new findings from different forensics companies. If we use the $135 million as the top -line estimate, it amounts to about $45 million per year of approximately $700 million per year Hamas uses. It's about 6%. And that's the biggest number that the industry has. The same is true of Hezbollah. The industry's top -line highest estimate for their use of crypto is about $4 million per year. But the use and abuse of crypto is no different than the use and abuse of other methods of transferring value. No amount of sanctions, no amount of stringent policies against crypto here at home will stop Iranian or Russian crypto OTC providers from laundering money. The problem is offshore, crypto financial service providers that refuse to play ball with U .S. law enforcement because they don't have to. In order to interdict this sort of activity, what we must do is continue to develop technology to and identify stop bad actors in crypto and to build a strong crypto ecosystem here in the United States. So part of the goal of the work of our lawmakers should be to draft bills in such a way that it can and does get there. Our national security depends on it. Thank you. A lot happening, but here's the real point here. This was almost nefarious. So Wall Street Journal puts out the article, then Elliptic, which was their source and this guy that was just talking, goes in and says, we're going to kind of set the record straight here. They basically said they engage with the Wall Street Journal to correct the misinterpretations of the level of crypto funding. And then we've been in discussions with the Office of Senator Warren to ensure that relevant parties had a proper appreciation of the complexities. Data provided by Elliptic and others had been misrepresented in no way does this mean that some of these organizations had raised all these funds. And then last, what they were saying, it's likely that some of these wallets, et cetera, belong to small service providers and others. He kind of referenced that in the stuff. But the point was, is they did all this communication with both the policymakers, the media sources, but yet none of these articles were retracted, nor was the situation covered within the hearing retracted. So this is what I look at and I say there's something else afoot here with Sam Lyman. And he's basically saying, hey, now the question becomes, will the Wall Street Journal issue a correction? It's a bad look when your own source disputes the story. And you can see the full statement. That was the one I just showed you right here. And then there's been other ones. Here was Bloomberg. Again, another one that is behind pay walls. Lynn Alden, been on our show before, she actually went in and made a statement down here. It's like saying you want to pay for something in cash dollars. They're covered in cocaine, but likely you're paying for a mob hit. The point is, is that there's no real way around this in money. Money is going to always be a way and find a way into the bad guys. The question is, what's the least difficult to trace it? And I think block chain is one of the better opportunities for us to be able to kind of control that. So it's a very interesting time for sure. I want to go over to another clip here to kind of frame up what this hearing was all about, because there's a lot of statements within it that are going to surprise you. Listen in. I'm very curious to know, I have not had the opportunity yet to read information about cryptocurrency and how it could be utilized by Hamas. Would someone, whomever has some information on that, share with us, was that real? And were other countries involved, who all was involved in this effort? Would that connection be Iran, is the crypto connection with Hamas? Hamas doesn't need Iran for a crypto connection. The nature of crypto is that it's decentralized and they can access it themselves. But I think I'd like to defer to Adam on the nature of this, because that's his business. They'll put up a website, some websites are now hosted in Russia, and they solicit for crypto donations. We can track that.
Real Estate Coaching Radio
A highlight from 4 Deadly Deal Killing Mistakes Agents Often Make
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Today we're talking about the four deadly deal killing mistakes agents are making in this market. Now, the reason that we, uh, I think focused in on only four mistakes is because these are the types of mistakes that are the easiest to avoid and if you make them, we'll blow up any deal. That's right. So negotiating has indeed become more complicated now that your markets have shifted. Currently, there is a mixture of homes that are still selling quickly with competing offers, oftentimes going over list price, but there are also homes that are taking longer to sell with perhaps zero or even only one offer after a lot more days on the market. So we have a mixture. The market is not moving in lockstep like it has been in past years. And the, the, what you have to know in a market like this is I'm actually having a memory of a call I had with someone in our eXp Realty group last week. This is a very competent, skilled agent. She had, if I remember correctly, seven or eight listings in this particular market in Florida. Um, and they're all great listings and they're all motivated sellers. It was just, I went down with a few of them and she proved to me after two or three that she was completely prequalified. She knew what she was doing, very competent, but her listings weren't selling. And what had happened was long story short was she was in an area that was affected adversely by the hurricanes though her, um, you know, real estate. Her product was all standing tall. The geographic area that she was living had been, um, you know, largely devastated to the extent that people weren't traveling there. Sure. And a lot of people that lived there moved, you know, it was that kind of situation, really sad situation. But she was, she had these great listings, she wasn't getting any showings based on the comps. And this is where it gets complicated. Okay. It based on the comps. Everything was priced, not just a little bit really well, uh, the days in the market obviously was extending. All these other sort of, you know, forward looking indicators as to far as what the health of a market is, uh, or a particular listing. They're all pointing down, but based on her historical, uh, reference points, her CMAs, she was absolutely positioned perfectly in the market. Everything looked normal. Right. And so what I had her do on this call is we went and I had her do some quick, uh, absorption studies of similar properties. So what does that mean? I wanted to know, for example, she gave me a, I'll make it up because I don't remember the exact example. It was a $400 ,000 condo and it was say, you know, the building was 10 years old and it had, uh, you know, maybe two or three blocks from the beach. She's actually, I do remember that it was a mile from the beach. So pretty much all, there were things that someone's going to look for in a condo that's in this particular community, in this particular part of Florida, this, you know, that was the prototypical example. Sounds desirable. That's right. So where it got interesting was, is I wanted her, the natural inclination is, well, you got to cut the price, you got to go after the price, but that though that is the easy button and ultimately that's the cure all for anything that's not selling. It's not always the right thing to tell a seller, especially if, for example, what really was going on was it, yes, price obviously induces more interest, but it also could be the bad advice for that seller because of the fact that what she needed to do and what she learned from doing the absorption thing with me on the call was that the days in the market and her market had gone from roughly, you know, 32 days now based on what was selling to over five months. So realistically, a lowering of the price would have obviously caused it to sell slightly quicker, but she was still going to be looking at months and months and months of this property being for sale, same with all of her listings. She had not communicated that to her sellers and so her sellers had unrealistic expectations as how, you know, basically it was what was going on in the market. So those are the types of thoughts that you're going to need to start adjusting to and it all comes back to having a skills -based approach. Same goes if you're on the buyer side of things as well, too. You know, it's not a buyer's market in most of the country because using that same gal as an example, most of those listings she had were paid off. There's no fire sales going on there. The sellers can decide to VRBO them or rent them or just keep them vacant. It doesn't really matter. So you're going to have to know how to actually traverse a marketplace that's in transition like this because that is what's going on and we're in a really stark transition. And I have to say, Julie, in all the years that you and I have been in real estate, the only times I've seen, well, first of all, this will be historically one of the toughest years in real estate since 2009 probably. In terms of number of sales for sure. In terms of number of sales and there's going to be less than 4 million sales and something less than 700 ,000 new construction homes. This is what will be most likely the bottom of the market. But here's the good news, the people, this also represents the core of the market. So we now have a really good understanding based on this year's activity that every single year, no matter how bad of a year it is, this is as bad as it gets and there's still going to be 4 million transactions. Right. And how many do you need listeners? Right. You don't need 4 million. So there are still plenty of transactions happening. But we do see these mistakes coming up and I think that you hit the nail on the head with kind of our pre number one, number one half, which is the setting of expectations because many of you are not used to doing these types of analysis where you find that, you know, it's not one month or one week in the market. Now it's three, four, five months on the market and how you speak with a seller is very different when you're setting that expectation that we probably aren't going to sell in the first weekend, two weekends, maybe even the first 30 days. We might not have multiple offers and the first offer we get probably will be our best offer and that could be 90 days from now. That's very different than the typical choose an offer, right? And agents, you don't have experience and most of you, 99 % of you don't have experience in a market like this, but neither do your sellers. Certainly your buyers don't either. So most everyone, including yourself, that's in real estate right now, either as a consumer or a practitioner like yourselves, you don't have any experience with a market that's in transition, let alone in some cases as her example, I think probably becoming somewhat of a buyer's market. So don't be surprised if you're going to have to educate every single person you come across as far as what their expectations should be about this new market that we're in. And that's, for example, in our premier coaching program, I know you're probably about to say this, but we have a 12 -week seller communication plan and it's so funny that I remember not so long ago, if you guys had stumbled across a 12 -week seller communication plan, you would even understand why you would need 12 weeks to communicate with, exactly. They can sell it a second time in 12 weeks. Yeah, exactly. So we came up with a new program for the old market where it was a 12 -second communication plan, but that's the new reality is you're going to have to start adjusting your mindset and then educating your buyers and your sellers about what they should expect as well. And so if before things took two weeks to sell, now in your market, it might take two months or three months to sell, that doesn't mean that you have, there's something wrong with you or something wrong with your market or something wrong with the product. It means that that's just how long things take to sell. That's right. And keeping in mind that that's not going to be the case in every single neighborhood and every single price range in your town, you may go on one appointment that sounds just like that tonight and then tomorrow's appointment, maybe because it's in more of a first time buyer neighborhood, maybe that does still have 10 days on the market and maybe you will get multiple offers, but you've really got to study your subject property a lot more intensely so that you don't cookie cutter everything like you were able to get away with in the previous market. So moving on to official mistake number one, and this is an easy one to fix. I'm talking to both listing agents and buyers agents here at lack of communication from both the buyer's agent and the listing agent. If you want to win, you need a meeting of the minds. The definition of negotiation is the reaching of a mutual agreement that all parties are satisfied with, but you've got to actually talk to each other to make this happen. So I've got two examples of that. Now she gave her examples. I want you to focus. They're primarily focusing on listing agents because listing agents, uh, you for the most part have been able to be somewhat abusive to the buyer's agents. Those days are over. That is exactly right. Okay. Example number one, listing agents. If you want to receive offers that are easy to say yes to put the desired terms into the agent to agent comments in the MLS and or here's a thought, actually call the buyer's agents back who haunt you looking for the details that will help them actually win. Remember they are trying to sell your listing. So yes, I would agree with that. Days of abusing buyer's agents should be over. And example number two, buyer's agents actually read the comments in the MLS and counsel your buyers to comply with as many of those terms as possible if they want to actually win, not just write an offer. If there are no comments, you've got to find the listing agent and ask them other than price, we can assume price is important of course, but other than price, what will it take to win? For example, does the seller want a specific closing date or a lease back or to keep the fancy chandelier? Find out and see if you can deliver a contract that they will accept. I will never forget a coaching client called me in a panic. They're like, I just wrote this killer offer, right? It was like 10 ,000 over list price. It had all the terms and conditions and I wrote it for a two week close, but we lost out. Well, why did you lose out? Call the listing agent, find out. Guess what? The seller didn't want a two week close. You thought that that was a rocking option and your buyers would have enjoyed that, but you have to know it's important to both sides, not just to one side and not be assumptive. What surprises everybody, nearly everybody at this point, is that very rarely is price the most important thing when you're really selling anything. I mean, especially real estate. What people will pay for is convenience more than anything. So you've got, Julie's giving you some advanced coaching tips there. If you're on the buyer side of things, call the listing agent. Now you might have an inexperienced listing agent that's not going to feel comfortable sort of coaching you a little bit how to write a winning offer. You know, that happens. So you're going to have to be very inquisitive and ask questions and do drill down and find out what it's going to take. Use Julie's little script there. Find out what it's going to take to win the listing. What is really important to the sellers so that I can essentially help you work with them and deliver to them an offer that will be acceptable and first, you know, first go around. So we can both hear yes. Yes. Right. Okay. So mistake number two, and this happens in all markets, but especially in a changing market, and that is some version of this, no lender's letter or proof of cash or a weak lender's letter or a boilerplate lender's letter. If your buyer has financing, their lender's letter needs to show ideally that they are not just pre approved, which is better than prequalified, but not just pre approved, but loan committed and needs to state that their ratios, credit, employment and down payment are all adequate and verified. And additionally, this goes a long way. I've had many listing agents tell me this. The lender should call the listing agent and basically vouch for the buyer's ability to close. Good lenders are doing this for on behalf of their buyers. They're saying, yes, we're endorsing them. They are contingent only on identifying a property, maybe on appraisal, but they are loan committed. So remember, there's three stages to getting your loan. You're prequalified. That's just a conversation. Pre approved is you're basically through underwriting, but then, uh, actually loan committed is you're ready to rumble. And again, if you're a premier coaching member, you can use what we call the ultimate addendum to avoid this mistake. That's the ultimate cheat code. So if premier coaching members in premier coaching, there's something that you can search in the little search widget inside Harris learning, you can search for something called the ultimate addendum with the ultimate addendum is originally it was designed for listing agents to basically, uh, you know, make sure that the buyer's agents buyers had actually been approved and it wasn't just some boilerplate Mickey mouse letter from, you know, rocket mortgage or something. It was actually a real lender's letter that didn't have any subjects twos or added conditions where the lender had actually done a three merge credit report, verified employment, verified assets, done all the things necessary to get the loan approved. And the only thing the lender's letter can be actually contingent on if you even want to call it that would be the house that they're purchasing being, um, you know, the appraisal happening. And I'm going to give you, listen to what I'm saying.
Real Estate Coaching Radio
A highlight from How To Make $1,000,000 Per Year In Real Estate Commissions
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Today's podcast is sponsored by Bambi. So Julie and I are always looking to upgrade our staff. Hopefully none of our staff are listening. And so we're always hiring, we're always looking for folks to be coaches for us, always looking for folks to, you know, help us scale the business. And so it's one thing to find a qualified person, it's another thing to manage them. And that's where Bambi comes in. So running a business, your employees can create all kinds of interesting situations like getting complaints because someone on the team smells horrible, like, you know, this person's getting preferential treatment over that person. And that's where Bambi comes in. So with Bambi you get access to your own dedicated HR manager starting at just $99 per month. They're available by phone, by email, and real time chat. So onboarding and terminations, in other words, when you hire somebody, onboarding them into your system and your business, and then, frankly, when you're ready to move on and let them go, terminations run smoothly. Team members reach peak performance and your business stays compliant with changing HR regulations. Like personally, I love hiring people, I hate firing people. Well guess what? Bambi to the rescue. And with Bambi's HR autopilot, you'll automate important HR practices like setting policies, training, and feedback. So here's one of the best things about Bambi, one of the reasons that we chose to work with them, and frankly, one of the reasons we wanted to have them as a sponsor, because when you're working with Bambi, you get a dedicated HR manager. They're US -based, they're dedicated to your business, and giving you access to HR expertise and the personal touch you need. You will have somebody on speed dial to help you with all HR managers. And as you scale up your business, this is going to become more and more important. And if it isn't, you're most likely going to make essentially a mistake, which could result in a lot of, frankly, lawsuits and other sort of inconveniences of owning a business. And get this, HR managers can easily cost 80 grand a year, but with Bambi it just starts at $99 per month. So schedule your free consultation today and see how much Bambi can take off your plate. So while you're thinking about it, go to Bambi .com, that's B -A -M -B -E -E .com right now, and type in real estate training under podcasts. When you sign up, you'll really help the show. Again, it's spelled Bambi, B -A -M -B -E -E .com, Bambi .com, type in real estate training. Three, two, one, and Julie Harris, we are back. I love this topic. I have a feeling every single agent listening worldwide is going to love it too, because it's how to make a million dollars a year in real estate. That's exactly right, Tim. And of course, we can't show you how to do that in one podcast. This is an overview. This is not coaching, it's training. But our job is to educate you, motivate you, and get you into action. So we're going to give you the outline. Well, in essence, what we're showing them is that it's realistic, and it all comes down to relatively simple math that will work in every market. And they can do it. And so that's what we're going to start out with. So Julie, let's hit them over the head with a math bat. Exactly. There you go. That's a good way to look at it. So my note takers, get ready. We're going to do a little bit of math here. A million dollar gross commission income equals 100 transactions at a $10 ,000 average commission based on the national average of about a $400 ,000 sale price. So that is our starting math, right? So whatever, if your sale price is, some of you are blessed with having sale prices that are double that, obviously divide by two. That's right. So if your average sale price is, for example, $750 ,000, you'll only need 55 transactions. Some of you are blessed to have a million dollar average sale price. We've got some coaching clients like that. You'll need about 40 transactions. So adjust your math accordingly, but you can already see that this is doable. Point number one, decide and accept the fact that your success is up to you and only you. Your saying is, if it's meant to be, it's up to me. It is not up to your broker, your market, the interest rates, or who's president. It is up to you. So be responsible for your own success. Own it all. There's going to be at least 4 million sales this year, which means 8 million sides. How many do you need to be involved in? Well, we just told you, if your average sale price is a million bucks, you only need 40 out of 4 million. It's important to remember that even if your goal isn't to make a million dollars, maybe in your market, you don't have to have a million dollars. You can have an incredible lifestyle, take care of all your friends and family and just, you know, live the life of Riley. And that's fine. Adjust accordingly. You know, adjust to, like maybe in your markets, 500 ,000 to have that incredible lifestyle or 300 ,000. The point is, start thinking bigger and realize that you can accomplish whatever you set your mind to. Julie and I are not into woo -woo mindset stuff. That's the reason we always break this down, everything we say with facts and numbers. So hopefully you're appreciating this. Point number two. Point number two, invest your time before you invest your money. People four invest years or more in a college education only to graduate, only sometimes, with student loan debt and a job that they could hate for the next decade or more. You can't skip learning and be earning at the level that you desire. So work sporadically and you get sporadic income. Work consistently and you'll achieve momentum faster. This is a good place for us to plug in. When you join our coaching program, Premier Coaching, and by the way, the link is in the show description below, just scroll down. If you're on iTunes, Spotify, we're everywhere, on 30 different podcasting platforms, of course over on YouTube. Just scroll down. The link to join Premier Coaching is free, but also joining Premier Coaching is free. You do receive, when you join, we get people asking us this all the time, yes, of course, you are entitled to a daily semi -private coaching call with one of our Harris -certified coaches. You can join Premier Coaching right now for free, but here's what I want you to think about. When you join the coaching program, which all of you are doing if you've not done so already, you have got to earn while you learn. Don't wait to earn after you've learned. That's a key point and what Julie and I want all of you to really drill down on. The best way for you to learn is actually for you to learn while you're actually earning. So for example, if you want to learn how to swim, there's only so much blackboard time that swim coach is going to give you before he throws you in the water because you're going to learn faster and pay attention more when you are in the water actually treading water and now the water's getting deeper and now you're actually miraculously learning how to do all the things that he was trying to teach you before. You guys get it? The pressure, the fear, the actual excitement of being in action is going to cause your brain to absorb information quicker and actually going to allow you to apply it faster. That's right. So part of investing your time before your money is to recognize that there are some specific stages of learning and you can't really skip any of these. I'm going to do these relatively quickly because you can get the notes from scanning below and of course in Premier Coaching. So stages of learning. The first one is called formulation. That is literally getting ready to get started and creating your plan. That's why the first level in Premier Coaching includes your business plans. Getting ready to get started. Now some agents never leave that stage of learning but when you do and you're not just having a plan but working it, you go to concentration. Many many of our Premier Coaching clients are in this level. That's doing the actual work just as you said Tim, getting in the pool and treading water and then learning how to kick and swim properly. Doing the actual work, learning and using your skill. You don't have to be perfect in real estate to start being profitable. So concentration can last for quite some time and then once your skill is increasing you get into the exciting part that's called momentum. That is repetitious and predictable success. And then on the other side of that you can get to breakthrough. That's high level implementation without getting bored and falling back to the first stage. A lot of our teams and our brokers are in that level. And a lot of you will recognize that this is similar because it is similar by design to the stages of mastery as often referred to. It's just less tongue -tying. Exactly. I mean let me see if I can get it right. I'm going to give myself a quiz. So it's unconscious incompetence, conscious incompetence, conscious competence, and then unconscious competence. Which all kind of sounds like the same phrase so I did this version of it instead but yes you're right it is the stages of mastery. And we've done a lot of podcasts on that topic. I forget who created that originally it was I don't know Dr. Marston or whoever but the moral of the story is this is very fascinating for you to study all that and then determine where you are in the learning cycle of the four stages because what you'll then realize is once you open your mind most of you and the reason you listen to this podcast every day where there's tens of thousands of you that are listening right now is because most of you are in that conscious incompetence phase. In other words you're in the second phase. You're realizing what you don't know and unfortunately a lot of the times you're learning what you don't know because the market's sort of handed you your butt and you're saying well I guess what I worked in the previous market isn't working now maybe I don't know as much as I actually thought I did. That is really a powerful place to be because then your mind is going to be opened up to learning more information and really adapting. Some of you and unfortunately this is true will refuse ever to allow yourself to have that level of really insecurity and vulnerability and so you're going to force yourself to stay in that state forever and those are the people that chase shiny objects their entire lives. They go from I'm going to be a YouTube influencer to I'm going to do you know postcards to this that the other and then they always end up buying leads and then they get out of the business. So the moral of the story is is that when you're in that stage you have to realize first of all all those things I just rattled off obviously starting with proactive lead generation they have a place. They're all important in the creation of a scaled up real estate practice but you've got to do them in the right order and you've got to do them frankly in the it's not just the right order but you have to do them so that they actually work. Otherwise you're not going to have any work and you're going to go out of business basically and unfortunately that is what's happening to a lot of you. So pay attention you're listening to this podcast because you're wanting to learn because you're wanting to go to the next level. Allow yourself to have that tinge of insecurity within that as long as you don't run from it you're going to find your next level. Which brings us to point number three. You must have the following immediately failure to be great at these specific four things will handicap your success. So make sure you're writing these down and ask yourself where are you with this list. Point A is scripts proactive lead generation scripts open house scripts lead follow up scripts basic conversations with your sphere of influence pre qualifying buyer and seller scripts and closing scripts. All scripts are questions that lead to a close or sometimes lead to you not wanting to close depending on what you find out. But you must be using scripts. If you are at the stage where you're still telling yourself you don't need a script because you're natural everything comes out of your mouth is perfect. It's because you have not lost enough. When you lose enough then you're going to be in that second phase of conscious and competence. That's when you're going to be receptive to actually learning to be a true professional the best version of yourself as a real estate practitioner. I will give you a suggestion. Why not skip the pain of losing and skip the pain of losing transactions and not make the money you otherwise would have and go right to the place where you're going to be eventually anyway assuming you know you actually get there not everybody does and decide that you're going to be the best version of yourself as a real estate practitioner. Scripts are you know we have to sometimes walk away from the word scripts and call them conversation outlines because so many agents will hear scripts and they'll go I'm not going to use scripts. Okay fine don't use scripts. Every professional on planet Earth that's successful uses a script. There are no exceptions to that and I'm not just talking about actors and whatnot. Every single professional everybody is using a script and you know the phases of learning scripts is we want you to memorize the script first. We want you to internalize the script. Then we want you to personalize it and what a lot of you have done and our scripts aren't online they're all copyright and you only get them when you join premier coaching so you could stop searching Google because you're not going to find them. So what you're going to then what agents do again the ones that are hackish to be honest with you is they'll take scripts and then they'll try to create their own. So I want you to think about the absurdity of that. So someone who's probably never sold anything before who just got a real estate license thinks that they can go online and they can hash together enough you know scripts that they can somehow make a script that's going to work. Why would you bother with that? See that's the phases of learning aspect you know creeping back in. You're going to have to accept the fact that if you want to scale this mountain as fast as you possibly can just follow in the footsteps of others follow up the path that other people have already proven works and stop wasting time. It's guys listen the fact is this is the best time to be in the real estate business in at least the past 15 years provided you don't just you know stay at the starting gates and you know ignore the fact that this market demands a whole new skill set versus the old one. That's right so point number B related to this you have to have the following you talked about scripts B is your pre -listing package not your brokers not something you found for free online but a proven powerful and personalized pre -listing package. Now we've done entire podcasts about why that's important so I'm going to move on to the next thing. Well let's just tell them what it is because you always got to remember we do have a lot of new agents so pre -listing package is basically something you send to a listing appointment seller prior to going on the appointment that's designed to in essence be your silent salesman and win the listing for you. There it is that's it. That's what a pre -listing package does that's what ours does it's included with premier coaching make sure you click the link below. All right Julie letter C. Letter C is your actual more formal listing presentation and D is your buyer presentation a lot of you guys have never even heard that phrase buyer presentation. Well that's going to save you from a whole lot of buyer woes and I think we've done podcasts on that as well so that way you end up with a signed buyer agency agreement ideally and you have a commitment from them they have a commitment from you. These are four things that are really critical to getting you into that momentum stage so you can lather rinse repeat again that scripts pre -listing package listing presentation and buyer presentation and I have to stress these should not be you know just your boilerplate stuff that your broker hands to you because what if you're competing against the same agent you know an agent from your brokerage that says exactly the same thing.
Tech Path Crypto
A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update
"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long -term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self -directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining 200 another ,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid -asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1 % of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre -mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111 ,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111 ,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.
Level After Next With Katie Barnett
Tim Branyan Is Building a Better Content Creation Platform With TrueFanz
"Okay, so your new website, I went to go apply for it, and then I figured I would talk to you first. Cool. So I'm really interested in it. It's called True Fans, not to be confused with what's the other one, Only Fans? Yeah, that's one of them. And I'm really curious like how it works. And I know you have multiple other things going on and I wanna hear about those, but I was looking through the website. I love the idea of it, creators getting to really generate income. And so I'd love to just kind of understand the concept of True Fans. Sure, yeah, so we set out having, you know, the knowledge of the things that sucked, right? Like we didn't set out to have some amazing idea. We more so saw what was not good and not liked about traditional social media. And what was not good and not liked were things such as, you know, your engagement is limited unless you're paying for that engagement in most cases. You get a fraction of the people seeing your stuff, even though they're, you know, there to see you and see your posts and whatnots, but even in community pages, that's a bummer. The other thing that's a bummer is that it's expensive to get your stuff seen. The other thing that's a bummer is they're selling your data actively to advertisers. And some people are more keen to that now, they know that. And that's a bummer because you're not participating in any of that income that's directly a result of your activity on their platform. The other thing that's a bummer is that creators historically have been underpaid and undervalued. And, you know, at the time when we were first building this, it was happening more frequent where people were being deplatformed and completely banished with no customer support. Yeah, there's no customer support. There's no tech support. It's just like, okay, well, here's the card you're dealt. And that's it. Everything's gone, yep. Yeah, and that's a super, that's a bummer. Some people build their livelihoods on that foundation and that'll rock your world. So some of those things were a bummer. And we saw who was out there. We started doing reconnaissance or researching, you know, who's in this field. And everybody was pretty much in the porn industry that was in this space. And we were like, okay, here's what we can do. We can build a better platform. We can add more features and functionality. Here's some of those. We can pay more, we can pay faster. That'll make us, you know, the logical choice there. We can have amazing customer support. We can be a hundred percent invite only and then we won't allow porn. We'll be a place for people that want to have a membership site or be earning through their social media and their creativity, their efforts online, but they don't want to be associated with the stigma. So that's what we set out to do. That was three and a half years ago. I think we hit 4 million today, which is what one of my engineers sent me a text. And that's just this year. It's a new kind of milestone. We've got hundreds and hundreds of thousands of people all over the world that are finding out about us, whether they're invited by a creator or they do go through our application process, but it is invite only. And that's for a couple of reasons. One, security. And then the other reason is because we don't want to be overrun by the adult space. So yeah, that's a little bit about us. I'm happy to expound any further. No, I just think it's awesome. It's exciting because I work with a lot of people who are creators, but they struggle with, and I struggle with still the same things that you talked about. And like I said, last year I lost my entire Instagram account with no reason, no understanding, nobody to reach out to. And luckily, I do have a contact who was able to kind of tell me what happened and get it back to me. It was nothing that I had actually done, but it would have been gone otherwise. And I would have had no idea how to get it back. And the worst part for me was, I mean, yes, there's a lot of social proof on there. There's a lot of hard work that I've done on there. But before I started working, that's where so many of the first pictures of my oldest two babies are. And they were gone. Like they weren't on my phone. They weren't on my iCloud. They were gone. And I was like, that was the worst part for me. My daughter's first steps, like I was just dying. But yeah, but then it also like from a very like professional standpoint, I was like, I have to do something better because I clearly don't own these spaces at
The Crypto Overnighter
A highlight from 686:Do Kwons SEC Charges and FTXs Shifting Assets
"Good evening, and welcome to The Crypto Overnight. I'm Nickademus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific Sunday, October 1st, 2023. Welcome back to The Crypto Overnight, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving deep into the murky waters of deception, legal turmoil, and the ongoing struggle for financial freedom. DoKwan's courtroom dramas, FTX's questionable asset movements, and the European Central Bank's stance on the digital euro are all on the table. Trust is at a premium, and it's becoming increasingly clear that centralized entities are on shaky ground. Let's get to it. DoKwan, the founder of Terra, a once massive crypto ecosystem, is in hot water. Court documents from the U .S. Securities Exchange Commission reveal that Kwan admitted to faking trading volume. The SEC filing shows a text exchange between DoKwan and Daniel Shin, founder of the payments app Chai. Kwan tells Shin, quote, I can just create fake transactions that look real, which will generate fees. When Shin questions the ethics, Kwan assures him, I won't tell if you won't. Chai partnered with Terra to speed up payments. But the SEC alleges that this partnership was a sham. Terra never replaced Chai's payment systems. Instead, they replicated Chai payments onto the Terraform blockchain to deceive investors. In 2019, Terra announced its partnership with Chai, promising to process millions, if not billions in transaction volume. But the SEC claims that Chai payments did not use the Terraform blockchain. They were made through traditional means. This is a betrayal of trust, a slap in the face to every investor who bought into the Terra ecosystem. And it gets worse. DoKwan's Terra was focused on algorithmic stablecoins and was the second biggest DeFi blockchain after Ethereum. Its native cryptocurrency, Luna, was a top digital asset. But in May 2022, Terra collapsed. This led to a brutal bear market and bankrupted many crypto projects linked to Terra. DoKwan now faces a litany of charges. He was arrested in Montenegro on charges of document forgery. He's been detained indefinitely and is fighting extradition to the US. The SEC has requested his extradition, but his attorneys are pushing back, claiming it would prevent Terraform Labs from presenting a statement during the summary judgment process. Now before we move on, if you're enjoying tonight's deep dives, do me a favor. Hit that like button and turn on notifications. Trust is the currency of our times, and DoKwan's saga reminds us to be cautious. Speaking of caution, let's delve into a recent move that's causing waves. Remember the FTX exploit from last year? Well, the Ether tied to that exploit is on the move again. Let's set the stage. Around 2 ,500 Ether, worth just over $4 million, started moving early Saturday morning. These funds were divided via multiple transactions. A chunk of 700 Ether was transferred using ThorChain router, a cross -chain bridge with a focus on privacy. Another 1 ,200 Ether moved through Railgun, a privacy -focused DeFi wallet. The Ether, worth around $21 million, sitting in the original wallet. The timing on this is interesting. This movement comes just days after FTX founder Sam Beckman -Fried is set to go on trial in the US over fraud and conspiracy charges. Beckman -Fried has pled not guilty, but some former FTX and Alameda Research executives have pled guilty and are expected to testify against him. More on that trial in a bit. So who's behind this? The identity of the exploiter remains a mystery. Last year, accounts tied to FTX and its US affiliate were drained almost immediately after the company filed for bankruptcy and Beckman -Fried stepped down. Shortly after the exploit, 21 ,500 Ether was converted into the stablecoin die. Now let's not forget the broader implications. The market is anticipating the launch of Ethereum futures ETFs. And here we have a significant movement of Ether tied to a high -profile exploit. Interesting timing for the Ether to be on the move, especially with the possibility of those Ether ETFs coming out soon. It's like a pot about ready to boil over. But the heat doesn't stop there. The US government is digging into FTX's asset handling.
The Bitboy Crypto Podcast
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
Ethereum Daily
A highlight from Holesky Testnet Goes Live
"Welcome to your Ethereum news roundup. Here's your latest for Thursday, September 28th, 2023. Ethereum developers successfully launch the Holsky Testnet, Python Network releases a 2 .0 whitepaper, Espresso Systems and Caldera launch Vienna, and VanEck prepares to launch its ETH ETF. All this and more starts right now. The Arbitrum on Gitcoin Grants Round is now live. If you'd like to support this podcast, please consider donating by visiting ethdaily .io forward slash gitcoin. Ethereum core developers successfully launched the Holsky Testnet, a proof -of -stake testnet set to replace Squirrely. The testnet achieved finality after the 10 initial epochs. Holsky was deployed with an active validator set of 1 .4 million validators and a testnet ETH supply of 1 .6 billion at Genesys. Holsky operates on Chain ID 17000. Holsky allows anyone to join as a public validator. The initial infrastructure includes a faucet from Quicknode alongside support on the Etherscan and Beacon Chain block explorers and an RPC endpoint from ethpandaops .io. Developers can use the testnet for staking and protocol development tests. Ethereum testnets usually have a five -year lifespan. The Pythe Data Association released the Pythe Network Whitepaper 2 .0, a paper that outlines a new cross -chain model for price delivery. The paper introduces a pull oracle architecture, the PytheNet appchain for price aggregation, and describes how update fees, rewards, and governance responsibilities will be managed. The whitepaper serves as a guide for transitioning Pythe Network's implementation and status into a permissionless stage. It aims to create a self -sustaining network, attract high -quality data publishers, and compensate them with consumer -generated fees. Pythe Network provides off -chain price feed oracles with data input from participants such as exchanges and market makers. Espresso Systems and Caldera co -deployed Vienna Network, an OP -stack chain integrated with the Espresso Sequencer. The new rollup was deployed on Espresso Systems' Cortado Testnet and is publicly available for all users on the testnet's public homepage. The release also includes a bridge UI, a testnet faucet, and a block explorer. The Cortado Testnet provides fast pre -conformations and allows users to submit transactions for both the OP -stack and Polygon -ZkEVM chains. Cortado also features a catch -up mechanism. Espresso Systems plans to integrate verifiable information dispersal and a peer -to -peer fallback network in a future release. And lastly, VanEck announced plans to launch the VanEck Ethereum Strategy ETF, coined as eFute. Rather than investing directly in ETH, eFute will invest in cash -settled ETH futures contracts on the Chicago Mercantile Exchange. eFute itself will be listed on the Chicago Board Options Exchange. The ETF is structured as a C -corp targeting long -term investors. The price of ETH rallied above $1 ,650 amid the ETF news and successful Holsky testnet launch. In other news, Optimism initiates the process of forming a security council, OP Labs outlines its dispute game design for the OP stack, and Coinbase receives regulatory approval for perpetual futures. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coronavirus
A highlight from Holesky Testnet Goes Live
"Welcome to your Ethereum news roundup. Here's your latest for Thursday, September 28th, 2023. Ethereum developers successfully launch the Holsky Testnet, Python Network releases a 2 .0 whitepaper, Espresso Systems and Caldera launch Vienna, and VanEck prepares to launch its ETH ETF. All this and more starts right now. The Arbitrum on Gitcoin Grants Round is now live. If you'd like to support this podcast, please consider donating by visiting ethdaily .io forward slash gitcoin. Ethereum core developers successfully launched the Holsky Testnet, a proof -of -stake testnet set to replace Squirrely. The testnet achieved finality after the 10 initial epochs. Holsky was deployed with an active validator set of 1 .4 million validators and a testnet ETH supply of 1 .6 billion at Genesys. Holsky operates on Chain ID 17000. Holsky allows anyone to join as a public validator. The initial infrastructure includes a faucet from Quicknode alongside support on the Etherscan and Beacon Chain block explorers and an RPC endpoint from ethpandaops .io. Developers can use the testnet for staking and protocol development tests. Ethereum testnets usually have a five -year lifespan. The Pythe Data Association released the Pythe Network Whitepaper 2 .0, a paper that outlines a new cross -chain model for price delivery. The paper introduces a pull oracle architecture, the PytheNet appchain for price aggregation, and describes how update fees, rewards, and governance responsibilities will be managed. The whitepaper serves as a guide for transitioning Pythe Network's implementation and status into a permissionless stage. It aims to create a self -sustaining network, attract high -quality data publishers, and compensate them with consumer -generated fees. Pythe Network provides off -chain price feed oracles with data input from participants such as exchanges and market makers. Espresso Systems and Caldera co -deployed Vienna Network, an OP -stack chain integrated with the Espresso Sequencer. The new rollup was deployed on Espresso Systems' Cortado Testnet and is publicly available for all users on the testnet's public homepage. The release also includes a bridge UI, a testnet faucet, and a block explorer. The Cortado Testnet provides fast pre -conformations and allows users to submit transactions for both the OP -stack and Polygon -ZkEVM chains. Cortado also features a catch -up mechanism. Espresso Systems plans to integrate verifiable information dispersal and a peer -to -peer fallback network in a future release. And lastly, VanEck announced plans to launch the VanEck Ethereum Strategy ETF, coined as eFute. Rather than investing directly in ETH, eFute will invest in cash -settled ETH futures contracts on the Chicago Mercantile Exchange. eFute itself will be listed on the Chicago Board Options Exchange. The ETF is structured as a C -corp targeting long -term investors. The price of ETH rallied above $1 ,650 amid the ETF news and successful Holsky testnet launch. In other news, Optimism initiates the process of forming a security council, OP Labs outlines its dispute game design for the OP stack, and Coinbase receives regulatory approval for perpetual futures. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
Coin Stories with Natalie Brunell
A highlight from News Block: Shocking Lawsuit Against SBF Parents, UAW Strike, Anti-Bitcoin Senator Indicted, Housing Crisis Ahead?
"Welcome to the CoinStories news block. I'm Natalie Brunell, and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. Let's begin this block with shocking new information coming from the FTX bankruptcy. In a court filing last week, managers of the bankrupt FTX estate sued SPF's parents, Joseph Bankman and Barbara Fried, who happen to both be renowned legal and ethics scholars and professors at Stanford Law School. The lawsuit alleges that millions of dollars were fraudulently transferred to SPF's parents from FTX Group, and lawyers want to claw those funds back. The filing describes in detail how SPF's parents were more deeply involved with FTX than many people suspected, with SPF's dad routinely calling it a, quote, family business. The filing says Bankman and Fried exploited their access and influence within the FTX enterprise to enrich themselves. It alleges SPF's dad acted as a de facto manager, hand -selecting recipients of charitable contributions, directing hundreds of millions of dollars in loans, hiring and firing employees, and overseeing key investments for FTX. In one exchange, he was upset about his $200 ,000 a year salary and told his son he needed it to be a million a year, even saying, quote, gee, son, I don't know what to say here. This is the first I heard of the 200k a year salary, putting Barbara on this. SPF's father appears to have been richly rewarded for helping to perpetuate the FTX fraud. He flew in private jets, received millions of dollars in cash and real estate, and even appeared in a Super Bowl commercial. He also used his insider status and wealth to influence his circles, including his employer, Stanford University, and various political groups. Stanford has said it will be returning millions of dollars worth of, quote, gifts it received from FTX. Among the most shocking revelations was that it appears Joseph Bankman understood that FTX was nearing insolvency and transferred funds into assets like primary residences so they would be protected in the event of bankruptcy. This included transferring a $16 .4 million luxury property in the Bahamas to himself and his wife. Now, SPF's mother, Barbara Fried, was also deeply intertwined with the FTX scheme. She was the beneficiary of cash and properties and appears to have been the mastermind behind the illegal political donations. Barbara Fried was described as SPF's primary political advisor and allegedly pressured FTX insiders to, quote, unlawfully avoid federal campaign finance law. She pushed FTX employees to use straw donors, which are people who illegally use another person's money to make a political donation in their own name. And lawyers say more than $100 million was stolen from FTX customers to make political donations, making FTX the second largest donor organization behind George Soros Fund management. Although SPF's parents have not been formally charged with anything yet, this lawsuit provides shocking evidence of their involvement in the crypto criminal enterprise. Let's turn now to Robert Menendez, the senior Democratic senator from New Jersey who has been indicted on bribery charges. According to the indictment, Bob and his wife accepted hundreds of thousands of dollars worth of bribes in cash, gold bars, mortgage payments and a Mercedes Benz convertible. What makes this particular bribery case notable in the crypto community is that Senator Menendez has been a long time outspoken critic of Bitcoin. Specifically, he has voiced concerns about corruption in Bitcoin and its use in illicit activities. In 2017, the senator wrote a letter stating that the, quote, anonymous nature of Bitcoin transactions makes it an ideal choice for criminals. Menendez was also one of the three co -sponsors of the Accountability for Cryptocurrency in El Salvador Act, which sought to, quote, mitigate risks of El Salvador's adoption of Bitcoin. When it comes to Bitcoin critics in Congress, it's really best to focus on what they do, not what they say. Senator Menendez's charges are just the latest development that supports a 2021 report from former acting director of the CIA, Michael Morrell, who found that criminal activity that takes place using Bitcoin is negligible compared to what transpires within the traditional financial system. This news only further speaks to the corruption present in our political system today and how criminals still prefer good old cash over Bitcoin for illicit activities. Now, speaking of Congress, the clock is ticking to pass yet another new funding bill to prevent a government shutdown. Congress has until October 1st to pass new funding legislation, but Republicans and Democrats are not even close to making a deal. So how could all of this impact the economy? Well, under a government shutdown, hundreds of thousands of federal employees would be sent home without pay. Also, government services like the court system, national parks and economic data reporting institutions would be suspended. According to The Wall Street Journal, government spending makes up about a quarter of U .S. GDP, so a sudden slowdown in spending can impact the economy significantly. But get this, in the event of a government shutdown, those workers won't be paid. But the Pentagon has announced that Ukraine operations would be exempt from any potential shutdown and will go forth fully funded. And that is making a lot of people very upset out there.
Real Estate Coaching Radio
A highlight from 10 Fun Facts About Realtors (#7 Will SHOCK You!)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. We are back. We've got a fun show for you today. We are talking about the National Association of Realtors member profile. Julie and I picked out what we feel are the 10 most interesting points from the member profile and I think point number seven, maybe even point number eight will really surprise you. So Julie, we have a lot to go through. Let's just jump right in. Yes, this is about all of you listening and the agents that you deal with day to day. I think I had a few little mini surprises, but let's go through these relatively quickly. First of all, the typical realtor had 11 years of experience. That's actually up from eight from last year. I think that that's probably surprising to some of you because you know, there are a lot of new licensees and some of you deal with each other all the time, but 11 years of experience is the average. Now we're going to just remember as we go through these points, Julie and I are going to do our best to sort of decipher, I think in a lot of ways, some of this information because when it gets to, for example, they're going to, we're going to talk about average income for the average agent and all the rest of it, but they don't think it's confusing to be honest with you. I can't really understand and maybe somebody who is more knowledgeable about this stuff can put in comments, Nara will often say things like the family income or the household income of the average agent, but I'm not so sure. I mean, does that mean like for example, there's a guy and his wife is a brain surgeon and she makes like $14 million a year and he makes like $4 a year selling real estate, you know, and so obviously that's going to affect the average agent's income. Again, I'm not sure I'm reading the question correctly, but let's just get right to it. Yes, that's right. We'll translate as best we can with the information we've got. So next is interesting because with the market shift, a lot of people like to say, oh, everybody's going to get out of the business and yet 76 % of realtors were very certain that they will remain active as a real estate professional for at least the next two years. Now, Julie and I predicted that when the COVID hit and all the rest of it, that there would be no major drop off in the number of members of a national association of realtors. And those of you who've been attached to us for a long period of time, you will remember us telling you why, and I'll for the rest of you tell you why now, because in previous, you know, fortunately there wasn't a slowdown following COVID, but in previous slowdowns or recessions or all kinds of other things like that in the economy, there hasn't been a decrease in the number of agents, but an increase. And so Julie and I went back as far as we could find from national association of realtors looking at the number of members, and it was very clear that what we theorized was correct just simply by looking at the numbers of agents joining during economic slowdowns. So why do people get real estate licenses during slowdowns? Side hustle. That's true. They need to make more money. Or maybe, you know, if you go back to the sixties and seventies, there were a lot of ladies that were looking to get into real estate that maybe hadn't had out of the home employment before and things of that nature, retired people, but really the real reason why Julie and I knew there wasn't going to be a precipitous drop in the number of, you know, members of the national association of realtors was demographics and demographics ultimately is going to run the show for the real estate industry for the rest of our lives and beyond. The number of humans in the United States that want and need to buy or sell real estate is only increasing. And it didn't make sense to us that, uh, just because there would have been hypothetically because of COVID some kind of slowdown, which as all of you know, there was not quite the opposite actually. Exactly. And just a flash forward to today, we now see that again, Julie and I's theory was correct and you notice all the other naysayers that were, uh, predicting doom and gloom about the number of agents dropping dead, like, you know, 2014 levels or whatever. They're all wrong. And the total number of agents did decrease, but I think it was, it was by basically nothing. And now here's another prediction. Wait for it. We are expecting the number of people getting real estate licenses will start to increase over the next 12 months. I'm following, I think what was a lot of people deciding to, you know, should I get a license? Shouldn't I get a license? And here's how I know that's true. The number of emails and the number of texts I get from people who are getting real estate licenses who want to join Julie and I at eXp royalty is through the roof. Absolutely. And I would also concur from my own private elite coaching clients. Many of them have gotten their adult children licensed, their transaction coordinator licensed, their assistant licensed. You know, there's a lot of things that happen, um, with a change and doing more volume that just, you know, people want to have their family work in the business. There's lots of that going on about 6%. By the way, I did read that about 6 % of current licensees, uh, got licensed as a result of doing something during COVID, you know, supplementing their other job, for example. That's a good point. I mean, there also was a baby boom, you know, so between studying for the real estate test and the, you know, the other thing, I guess there you go, Oh, and I'm sure a lot of those babies eventually get licenses too. I mean, Zoe's already wanting to get a license. So as far as those of you who are looking to upgrade your brokerage experience, a reminder Julie and I are proudly associated with eXp royalty. So if you're looking to join eXp royalty and you're looking for a sponsor, they'll be very proactive in your success at eXp. There are two paths forward for you. Number one is you could just text me directly, and this is if you're ready to land the plane and join eXp and you're ready to choose your sponsor, text me directly at 512 -758 -0206, 512 -758 -0206, text don't call. The other thing you can do also is if you're filling out the application, just put Julie Harris, Georgetown, Texas as your sponsor. If you want to learn more about why so many agents are joining with Julie and I in our group at eXp Realty, by the way, our eXp Realty group, listen to this guys, our eXp Realty group so far this year has done 3 billion, 300 million in real estate transactions on over 11 ,000 transactions if I remember correctly, most of which are on the seller side. So if you want to talk about an incredible success during what should be a slower year for virtually everyone, our eXp Realty group is actually increasing by significant margins and units and in total dollar volume. So yes, we'd love to have you as part of our overall group and if you're ready to join eXp Realty here are your two paths. One, you can just frankly scroll down and click the link and go over that's in the show description below and read more about our eXp Realty group or you can just text me directly at 512 -758 -0206, 512 -758 -0206. In the market that is going to start happening, we're going to guess the next 6 to 12 months it's going to feel very much more like a real estate, frankly, recovery if not a surge. You definitely want to be with a broker that's going to have your back and definitely want to be with a team that you know is experienced to make it so you can help the most people and maximize your potential in real estate and please do consider Julie and I for the job of being your eXp Realty sponsors. All right, next surprising point. Well, next, in last year based on the NAR report, the typical agent had 12 transactions which was the same as the previous year. Now what was the sales volume? Well, the median sales volume for brokerage specialists increased to 3 .4 million from 2 .6 million, so things are looking up there as well. Now they always do a survey about how agents perceive what's going on with their prospects, right? Let's go back to that point, okay? So again, this always goes back to the interesting things when you dig into the numbers. So if the average agent and we are talking about 12 transactions, right? I'm looking at your notes. So 12 transactions and the average home in the United States is $400 ,000. So if you did, for example, I mean, if it's you guys, whatever your market commission is, but let's just call it $10 ,000, $10 ,000 times 12 transactions is $120 ,000 a year and you wonder why real estate is such an amazing business to be in. I mean, come on, it's incredible because during inflationary times, yes, everything is getting more expensive, but so is real estate, which means your average commission is also increasing. Look how smart you were to be in real estate where most everyone else is suffering from inflation and the cost of living and all the rest of it. You actually have a built -in pay increase year after year as things start to inflate even more so in real estate. So there you go, go you. Exactly. And related to that, 17 % of agents sold 10 million or more in volume, 4%, 15 million or more, and 5%, 20 million or more. Some of that you can chalk up to higher average sale prices, but again, go you because it's baked in that you're going to make more money doing more deals at a higher price, right? Okay, so let's look at the next one. All right, so at 32%, lack of inventory remains the most important factor limiting potential clients from making a purchase followed by housing affordability and difficulty finding the right property. I think difficulty finding the right property is the same as lack of inventory.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"$4 million" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27,000. In breaking news just in, Bitcoin hash rate hits a new all-time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long-only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post-having parabola, according to crypto analysts. I'll be sharing his very bullish all-time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net. Again, that's cryptonewsalerts.net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27,100 and checking out coinmarketcap.com, the current crypto market cap on the climb at $1.08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49.2% and the Ether dominance at 18.4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2.57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0.12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid-August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short-term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on-chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all-time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin-based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long-only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin-based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman-Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman-Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16.4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three-judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all-time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80,000 per coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long-term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all-time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long-term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all-time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million price range for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900% from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2.5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27,000. Well, that's $270,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80% or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1.8 billion cashing out on his eight-year bet around the time he was touting these all-time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43,000 per coin. So you run the math. 43,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co-founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro-blockchain is an anti-Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50% clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1.8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60% in 2022 and was trading at under 17,000 by the end of the year. And I believe the bottom currently for the cycle is 15,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8,500% from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co-founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"$4 million" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts.net. Again that's crypto news alerts.net. With that being shared, fam, welcome everyone just tuning in. This is pod episode number 1383. I'm your host JV. Today is August 26, 2023, and I'm rocking the 1995 Georgetown Hoyers Iverson throwback. So you know it's game on and I'm freshly shaven. So hey, let's freaking go. Anyways fam, let's kick it off actually with our market watch. You can see Bitcoin barely back in the green, but good sign that it's holding on to 26,000 support and not crashing back to 25,000. We also have Ether pretty even for the day while BNB is in the red with XRP, Cardano, Polkadot and Solana in the green, but barely. And checking out coinmarketcap.com, the current crypto market cap sits just above a trillion dollars with 16 billion in volume in the past 24 hours with the Bitcoin dominance at 48.3% and the Ether dominance at 18.9%. And checking out the top 100 crypto gainers of the past 24 hours, we have SUI up 6% trading above 58 cents, followed by Miota up 4% trading at 15 cents, followed by Quant up almost 4% trading just above 104 bucks. And checking out the top 100 crypto gainers for the past week, holy moly, we have PLS literally up 75.2%, absolutely leading that pack. And checking out the crypto greed and fear index, we're currently rated a 38 in fear. Yesterday was a 39, last week a 39 and last month a 51, which is neutral. And welcome to everyone just joining the crypto news alerts live stream. I appreciate the support. As you know, this is an interactive show as we do here every single day, streaming live from YouTube as well as on rumble. So I greatly appreciate all the support at the end of the today's show. As we do every show, I'm going to be reading everyone's comments out loud. So any questions or comments, be sure to drop them right now. And with that being shared, now let's dive into today's Bitcoin technical analysis and check out the charts of what's popping with the King crypto, shall we? Bitcoin on chain activity is at levels last seen before its run to 2021, all time highs with a great omen, right? Bitcoin is becoming increasingly static at the current price levels, but an overall Bitcoin price trend absent for months, the impetus to buy or sell is reduced. So underscoring the status quo is the velocity, which is a measurement of Bitcoin units moving around the network. According to Crypto Quant on the daily timeframes, the metric is now at levels last seen from October of 2020. And how many of you remember in 2020, we soared from 16,000 to a new all time high the following year of 69,000. So again, great omen. Quoting him here, it can be seen as positive since the whales are holding onto it or negative since it is not being transferred to new investors. I guess it's all a matter of perspective. Right. And he also referred to a similar absence of major trading activity amongst the high volume investors, part of a narrative that states that the market is in wait and see mode on BTC. I'm on Stacksat mode as we are every Saturday here personally. Keep stacking them stats, DC dollar cross average. But anyways, oversold RSI signal persists in late 2020. Once it put in a long term bottom, the metrics rebound accompanied Bitcoin's first ascent past 20,000 to new all time highs a year later. Unlike then, however, Bitcoin appears broadly oversold at its current 26,000 level per its daily RSI, as measured by Trading View and Cointelegraph Markets Pro. Now, the 12 hour RSI, which you can see here, hit its lowest level in five years this month and has yet to recover. Again, reflect on a return of investor interest still yet to materialize. So there you have it. How many of you have been stacking stats and are bullish right now? Let me know. Quitting Max Keiser, El Salvador secures world peace by geographically decentralizing the Bitcoin hash with volcano energy. Shout out to all the people over in El Salvador, President Nike Bokele, as well as Max and Stacey. Now let's discuss the latest development with scam Bankman Frogster, aka SBF. Four million new pages were recently released. How can you even have this much evidence? How could a human being actually review four million pages of evidence? Quite interesting, right? Well, let's break this down, shall we? A federal judge will hear SBF's defense argument against a newly released batch of evidence provided by the U.S. Department of Justice yesterday, August 25th, according to Bankman Freed's attorneys. An additional four million pages of discovery were released less than six weeks before the trial. Now, Judge Lewis Kaplan issued an order August 26th today requesting the government to respond to the letters from SBF's legal team regarding his appropriate access to discovery materials, as well as a request to prevent the government from using evidence produced after July 1st. Quoting his attorneys here, we further object to the government's production just yesterday of an additional four million pages of discovery. The government cannot be allowed to dump millions of pages on the defense less than six weeks before the trial. For the reasons already discussed in our motions in Lamine ECF number 206, the What are your thoughts, fam? Do you think that is fair for them to dump those four million pages on them? Let me know. Today's decision allows Bankman Freed's legal counsel to present its arguments in a video conference hearing, which is only four days away on August 30th. It'll be interesting to see how that plays out. Bankman Freed is obviously accused of misappropriating user funds for investments, as well as personal expenses and political campaign donations. A total of 12 criminal counts have been laid against the former FTX CEO to be heard in two trials beginning October of twenty twenty three and March of next year. Interestingly, right before the having right and earlier in the week, as reported, Bankman Freed pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors and during the hearing, his lawyers argued for better treatment for his Brooklyn's Metropolitan Detention Center, where he has been since, with his bail being revoked on August 11th. According to his attorney, Bankman Freed has been forced to rely on a diet of bread, peanut butter and water due to the lack of vegan options provided by the prison. His counsel also raised concerns regarding his medical needs, sharing that he has not received his medication since being jailed. That's right. He hasn't been able to get any of those uppers in which he was on. And I don't even buy into the fact that he was a vegan because he was overweight. And I personally, as a person who was vegan for years myself and who is still a vegetarian since the age of 16, I just don't buy into it. That you would have an overly weight person who really is on a vegan diet because I've never witnessed it before. But hey, anything is possible. But how do you think this is likely to play out for the frogs there? Let me know your honest thoughts in the comments right down below. Now let's discuss the ongoing Bitcoin spot ETF race, which is on right now in the United States. We all know once that spot ETF finally gets the approval from the SEC Game Theory in full effect, literally trillions of dollars can be ushered right into the Bitcoin markets. And I know that's going to set this thing up to another parabolic run, especially the perfect storm setting up for the next Bitcoin halving as the ETFs can be approved next year. I doubt they're likely to be approved this year as the SEC keeps suppressing them and pushing them back and only allowing futures ETFs. But anyways, let's break this down with Hashdex joining the race. Crypto asset management company Hashdex has joined the competition for a spot Bitcoin ETF in the US. The firm submitted an app to the US SEC for Bitcoin futures ETF that will hold spot Bitcoin. Interestingly, ETFs are investment funds that trade on the stock market with their value derived from the underlying basket of assets such as stocks, bonds, commodities and other financial instruments. And similarly, Bitcoin ETFs track Bitcoin's value and trade on traditional stock exchanges rather than on the crypto exchanges. Hashdex approach differs from the recent filings as it won't depend on Coinbase's physical exchanges within the CME market. Very interesting. And according to a 19 before filing by the NYSC ARCA with the US SEC, Hashdex intends to include spot Bitcoin in its futures ETF and modify the name, changing the ticker to Hashdex Bitcoin ETF, as shared here, this breaking news. Some experts have responded to this unique Bitcoin ETF filing. James Safart, an analyst at Bloomberg, observed that the strategy involves exclusively conducting exchange for related position transactions. This entails swapping futures contracts for an equivalent spot exposure instead of direct cash purchases from the exchanges. Now, Safart anticipates a higher likelihood of the SEC approval, considering the pressure on Gary Gensler stemming from Brayscale's lawsuit, Ethereum future submission and BlackRock's incorporation of the Coinbase surveillance sharing agreement. Other specialists, including Nate Geraci, president of the ETF store, investor Alistair Moline and finance attorney Scott Johnson, have responded to the Hashdex distinctive Bitcoin ETF submission. They believe it could alleviate certain worries of the SEC regarding Bitcoin market manipulation and liquidity. Yeah, like that's their big concern, right? The SEC and its chairman, Gary Gensler, have not commented on the spot Bitcoin ETF apps and the influx of Ethereum ETFs and the potential approval of a spot Bitcoin ETF within this year. So how do you think this is likely to play out? I personally feel around the time of the halving. Hopefully right before, like maybe in March, as having a schedule to be roughly sometime in April of 2024, now less than nine months out. I hope at least one of the major ETF filings get the approval and then I think it will usher in a domino effect of all of the ETF applications being approved because they can't just favor BlackRock and deny the less. It'll make them look like pieces of ish. You know what I mean? But anyways, once one gets approved, it's just going to open up Pandora's box, in my humble opinion, and it's going to usher in so much money into the market just based off the halving and the ETF that alone will more than usher in a six figure Bitcoin price in my humble prediction. But what are your thoughts? Let me know in the comments right down below. In which spot ETF do you feel will likely be approved first? If I was a betting man, I'd have to go with BlackRock just due to their track record is something like five hundred and seventy five to one with getting ETFs approved by the SEC. So, hey, I mean, the odds are obviously on their side. Now let's discuss the latest with the one and only one and only Arthur Hayes, the ex-BitMEX CEO and his outlook on Bitcoin. Then we'll break down Glassnode's outlook for September, specifically for Bitcoin, followed by Peter Thiel's four million dollar Bitcoin price prediction, as well as cashing out his crypto position for one point eight billion dollars, allegedly. And then we'll dive into our live Q &A for the day. And welcome again to everyone just tuning in. Make sure to smash that like button and drop a comment below. BitMEX founder and crypto vet Arthur Hayes is detailing his outlook for Bitcoin amid the market downturn and a new blog post. Hayes says the Bitcoin and other assets could benefit from the interest income earned on U.S. government paper. The BitMEX co-founder says that while forecasts are suggesting a drastic drop, he sees Bitcoin falling mildly by less than five percent from the current level. Quoting the analysts here, I also believe that at some point more investors will do the maths and realize that the Fed and the U.S. Treasury combined are handing out billions per month to wealthy savers. This money has to go somewhere and some of it will flow into tech stocks and crypto as apocalyptic as the mainstream financial media might sound, vis a vis a sharp correction in crypto prices. There's a lot of cash that needs a home in finite supply financial assets like cryptocurrency. While some think we are going to break back below twenty thousand on Bitcoin, I tend to think we spend the beginning of quarter three chopping around twenty five thousand. The ability for crypto to weather the storm will be directly related to the amount of interest income looking for a new home. And I think Arthur Hayes makes some great points there. I mean, obviously, quarter four is now only four or five days away as we head into September. And I also believe that the lows are currently in for the cycle. I believe we hit that in fourth quarter of last year, which the current low is fifteen thousand seven hundred. I don't see the Bitcoin price personally dropping back to sub twenty thousand dollars. So I actually like Arthur Hayes's analysis here and I think he is right on point with my personal opinion as well. Now, the crypto capitalist further says that the feds move to address liquidity pressures facing U.S. banks will have bullish implications for risk assets like crypto and tech stocks quitting him again. One of Bitcoin's value propositions is that it is an antidote for a broken, corrupt and parasitic fiat banking system. Therefore, as the banking system falters, Bitcoin's value proposition grows stronger. I preach that all the time on the channel. Bitcoin is the antidote to the fiat crappy CBDCs and banking system enslavement. Now, also, Bitcoin benefits from increased fiat liquidity, which people obviously don't need real stuff. They need financial assets so they can effortlessly consume their heart's desire. Bitcoin has a finite supply and therefore, as the denominator of the fiat toilet paper grows, so will Bitcoin's value in fiat currency terms. This is why Bitcoin is up 18 percent since March and we're still up what? Over 50 percent for the year to date. Now, as long as the Fed is committed to its current path, the tech stocks and crypto will continue rising. And apart from big tech as well as crypto, nothing else returns more than just parking your money with the Fed earning close to six percent. So there you have it. Let me know if you agree or disagree with Crypto Hayes. Do you think that the current price action of twenty five thousand will hold as a strong support into the fourth quarter of this year? Let me know your honest thoughts in the comments right down below. Now, let's discuss the latest prediction and outlook from Glassnode, one of my favorite analytic platforms as being September is right around the corner, bringing us into this fourth quarter. Crypto co-founders of Crypto Analytics from Glassnode think Bitcoin could have a strong performance next month. Let's go. Glassnode co-founders who share in the Platform X say that Bitcoin's momentum indicator, as well as the Relative Strength Index, which is the RSI, is currently flashing bullish for the king crypto heading into September, which begins Friday. However, they also warn if Bitcoin dips below the key level of twenty five thousand five hundred, which were only five hundred dollars away from right now, a move to the upside could prove difficult. Quitting them here, decoding Bitcoin's August trends. What is next? Introduction, Bitcoin's journey in August has caught the attention of the crypto world like a memory from June 2022. The daily Relative Strength Index makes people wonder about September. Questions arise about the pain below twenty five five and the lack of buy orders above twenty six thousand the charts. And now the chart suggests weaker short term energy, possibly affecting the twenty five thousand two hundred level. This is different from the neutral long term view. So the outlook September could bring good news as the RSI hints at a possible comeback. But we need to be careful because going below twenty five thousand five hundred dollars and rising above twenty six thousand dollars might not be easy. This balance shapes the road ahead and according to their chart, which you can see here, Bitcoin's RSI sits just below a 30 on a scale of zero to one hundred, which generally indicates an oversold territory. The co-founders also say that while the bears are dominating the Bitcoin market at the current moment, it appears that selling a Bitcoin is slowing down. Facts and they are watching closely for a relief rally that could have Bitcoin retest the twenty seven thousand dollar level as shared here. Bitcoin sellers are losing steam. The sellers are losing grip as selling pressure weakens post Bitcoin drop below twenty six thousand five hundred support. Initial signs of system strength emerge, but demand lacking for strong is long at twenty six thousand. The price bounces on solid twenty five to thirty support bullseye relief rally above twenty six thousand five hundred to reach twenty seven thousand resistance. Stay cautious. The shorts control. So there you have it. Let me know if you agree or disagree with the outlook from glass node analytics. Let me know your honest thoughts. In the comments right down below. And now for the moment you have all been waiting for. Let's discuss the latest with billionaire Peter Thiel, who is a keynote speaker at last year's Bitcoin Miami Conference, which is the largest conference for Bitcoin in the world. And I was actually there. If any of you were also there, please do let me know. But interestingly, he predicted and at the time Bitcoin was trading at roughly just north of forty three thousand. And he said, I believe the Bitcoin price will rise another hundred X from the current prices, which ultimately means four plus million dollars per one Bitcoin. But even more interestingly, there's rumors word on the street that he dumped his large crypto position at around the time of the height shortly after making the prediction. So that's what I want to cover with you today. And then we'll dive into our live Q &A. And again, welcome to everyone just tuning in. Let me know where you're tuning in from in the live chat, as I greatly appreciate everyone's support, of course. So here we go. Let's discuss this. Peter Thiel's capital firm reportedly made one point eight billion dollars, closing out its crypto positions last year around the time when the early Bitcoin bull was still predicting the token price to surge one hundred X. That's right. One hundred times forty three thousand is roughly four point three million per coin. Now, Founders Fund had cashed out almost all of its bets on digital assets by March of twenty twenty two, according to a Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin when he spoke at the crypto conference in Miami the following month. Pretty interesting, right? Quitting him here. We're at the end of the fiat money regime, he said, adding that the tokens price could increase one hundred fold from its level at the time, which was actually forty four thousand. So virtually predicting a above four million dollar price prediction. Now, that prediction was proven false as rising interest rates and failures of high profile firms like Celsius, Three Arrows Capital and FTX dragged the crypto sector into a prolonged slump. Obviously, twenty twenty two was the ultimate bearish year, but Bitcoin did plummet over 60 percent in that year and was trading at under seventeen thousand by the end of the year, with the current cycle low still at fifteen thousand seven hundred. Now, the Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at seven hundred and fifty dollars per coin. And by the time Bitcoin reached its all time high in November of twenty twenty one, it had already surged eighty five hundred percent from that level. Now, Thiel has a long track record as one of Silicon Valley's most prominent tech investors. Remember, he is a co-founder of PayPal and he took early stakes and startups, which also include Facebook, Elon Musk's SpaceX and ride hailing app Lyft and obviously co-founded PayPal all the way back in nineteen ninety eight. Thiel is also a very high profile supporter of the Republican Party and has continued to voice his support for Donald Trump since the former president left office in January of twenty twenty one. And one point they were working together. The fund held around two thirds of its portfolio in the token at one time, referring to Bitcoin, obviously, but now has no significant exposure to crypto, according to sources, which makes this all very interesting. Now, let's actually quote the billionaire PayPal co-founder from that speech he gave at the Bitcoin twenty twenty two conference in Miami, quoting him word for word because I transcribed his speech. The enemy's list is the list of people who I think are stopping Bitcoin. There are a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which is, of course, one of the ways they hide. We are going to try to expose them and realize that this is sort of what we have to fight for, for Bitcoin to go up 10 X or 100 X from here. Preach. The central banks are going bankrupt. We're at the end of the fiat money regime. The first person on the list is Berkshire Hathaway CEO Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. The first one rat poison squared. We all know that and I don't own any and I never will. And lo and behold, how much Bitcoin does Warren Buffett currently hold indirectly? Because he's a major investor in Bitcoin related mining companies. So it's interesting, right? He opined, I think the sociopathic grandpa of Omaha is perhaps the most honest and the most direct in it. Now, feel further noted that Buffett has a bias that makes him long in the fiat money system, naturally, and money managers who follow Berkshire Hathaway's executive advice will pretend it's complicated to invest into Bitcoin. The next person on the list of Bitcoin enemies is the one and only JP Morgan Chase CEO Jamie Dimon, a.k.a. Jamie, the tapeworm, as Max Kaiser refers to him as the output diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. And the next picture he put up was that of BlackRock CEO Larry Fink with the following quote. And I remind you, this is before the BlackRock filing for the spot ETF. I see huge opportunities in digitized crypto, blockchain related currency, and that's where I am. Think it's going. The PayPal co-founder added that thinks, quote, is somewhat representative of a whole genre of Bitcoin attacks that need further context, stating that the pro blockchain is an anti Bitcoin term very typically. Now, feel also brought up environmental, social and governance standards elaborating the following they label they have come up with and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Any stress you can always ask the question, what is the difference between ESG and the CCP, which you can see what that stands for right here? I don't want to get kicked off of YouTube, just FYI. Anyways, when you think ESG, you should be thinking CCP. It is the finance genetocracy that runs the country through whatever silly virtue signaling and hate factory to them like ESG they have, the billionaire concluded. And I'll leave you with this. This is what I would call what we have to think of as a revolutionary youth movement. And we have to just go out from this conference and take over the world. So there you have it coming directly from Peter Thiel. Let me know if you agree or disagree with his predictions regarding the Bitcoin enemy list. I agree 100 percent. I know that JP Morgan Chase and Jamie Dimon is anti Bitcoin, meanwhile investing into it indirectly the same way as Warren Buffett and also BlackRock. I mean, I don't really need to say much, but now BlackRock is obviously bullish on Bitcoin. They're looking to get that spot ETF approved in the United States and be the first to do that, which will usher in trillions of dollars into the number one crypto in the world, the one and only king Bitcoin. So it'll be interesting to see how this all plays out. And what are your thoughts on Peter Thiel allegedly cashing in his Bitcoin prediction at around the time he was making those bullish price predictions? Obviously, he must have made a smart move if I mean considering the Bitcoin price did dump shortly after that speech from forty four thousand at the time he gave it all the way to fifteen thousand seven hundred at the end of last year. So obviously that would put him in a great position to get a new position. But it's all very interesting just the fact that someone would be making such bullish predictions and then be selling at the same time. I don't know if that surprises you or not, but it is what it is. But bigger picture, what are your thoughts surrounding his 100 X price prediction that the Bitcoin price can realistically hit four million dollars per coin? And by what timeframe, more importantly, do you think the Bitcoin price trajectory is likely to hit that level at? Let me know your honest thoughts, fam, in the comments right down below. And don't forget to check out Crypto News Alerts dot net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Bloomberg Radio New York
"$4 million" Discussed on Bloomberg Radio New York
"End up in a shutdown. Bloomberg sound on with Joe Matthew on Bloomberg radio. The Trump indictment is confirmed now what? Welcome to the fastest show in politics as we look ahead to Tuesday's arraignment of the former president in New York, we're joined this hour by former federal prosecutor Robert mints with his insights on the case, and Bloomberg opinions Tim O'Brien has been covering Trump for years, analysis ahead from our reporter roundtable Bloomberg's Mike dorning here with us in Washington on the politics of the indictment and Bloomberg laws June Grasso ahead on the nuances of the case later. We'll discuss it all with Bloomberg's David Westin, so let's get started with the markets as always in an update from Charlie pie. Thank you very much, Joe Matthew just under two hours to go until we wrap up the quarter of the Dow, the S&P NASDAQ solidly in the green equities extending the week's rally after a key measure of inflation cooled last month by more than expected, suggesting the fed may be closed to ending its rate hiking campaign. The tenure yield 3.50%, the two year four 7%, S&P up 36 up 9 tenths of 1% right now, the Dow, up 256 up by about 8 tenths of 1%, the year to date loss for the doubt, now under one tenth of 1%. Now stack up a 147 that's a gain of 1.7%. Again, that two year yield four O 8%, the ten year 3.5%. Spot goal down the 6 tenths of 1%, 1968 the ounce and West Texas intermediate crude up 1.3%, 75 37 a barrel. Bloomberg spoke this morning with Boston for a fat president Susan Collins and she said there's more work to do in bringing inflation down and that it will be important to monitor data given the uncertainty over how much the recent banking turmoil will affect credit and the economy. The new data that I've seen just in the past week has not materially changed how I'm thinking about things, but I certainly don't make a decision this far in advance about what I'm going to think is the right thing to do. S&P up 36, that's a gain of 9 tenths of 1% again the ten year yielding 3.5%. Stocks just about the high of the day I'm Charlie Thomas and that is a Bloomberg business flash. Charlie, thank you, Manhattan district attorney Alvin Bragg's firing back at Republicans in the House primarily here in Washington. Demanding his testimony over the indictment of Donald
Northwest Newsradio
"$4 million" Discussed on Northwest Newsradio
"P.m. in Berkeley, then it's Washington state at Stanford at 8 against the cardinal coach Kyle Smith of WSU, says having guard TJ bamba back after missing the first matchup with Stanford will be helpful. They beat us up. They're big. They're strong. They're, you know, so we have to find a way to play better on the road and better than we did at home. I mean, one by one, we're very fortunate. They're going to be better on their own floor. And we didn't have bound up. That'll help us significantly just another strong body. That's what we're lacking a little bit. The tip off for that one, 8 p.m. from Stanford tomorrow night. The Seahawks resigning guard Phil Haynes, who could have become an unrestricted free agent inking him to a one year contract yesterday reportedly with a base salary of about $4 million, Haines played just about half the snaps on offense for the Seahawks this past season. Meanwhile, yesterday, the clock started on the 15 day window where teams can place franchise tags on their own players that could happen with the Seahawks and quarterback Geno Smith he can become an unrestricted free agent march 15th. If no deal has worked out before then. And the man they call mister sonic Nate macmillan was fired yesterday's coach at the NBA's Atlanta Hawks after leading them to the NBA's Eastern Conference Finals last year. The hawks are 29 and 30 and 8th in the east this season struggling to remain in playoff contention overall in 19 seasons. He has a 766 168 record with the sonics, Portland Trail Blazers, Indiana Pacers, and the hawks and of course he played for the sonics for many years wearing that familiar number ten. Sports at ten or 40 pass each hour, Tom butler, northwest news radio. We'll get back to Kiara for traffic and weather. Next, it's 6 42
KLIF 570 AM
"$4 million" Discussed on KLIF 570 AM
"But the best offer was just over 1.9 million, which is almost 600,000 less than the appraisal. The whole time it was for sale. The homeowner continued paying property tax of over 40,000 year, plus mortgage payments of around 5000 month, meaning he's paying 100,000 year to stay in that house, and he's retired and has no real income. So he's just taking 100,000 year out of savings. That expense may be fine while you're working, but when you're retired, that's a bit much. So the problem with the $4 million houses it may take 18 months to sell and may end up selling for around 2.5 million, like what happened in the 2000 and eight era. So let's explore that a $2.5 million sale price means $150,000 real estate commission and perhaps another 10,000 or so in closing costs. So if the sale occurs at that price, after all these expenses he's left with 2.35 million less than mortgages and debts. So that means he's only got 750,000 left to replenish his retirement funds and no place to live. How many people go from a $4 Million house to a $600,000 house to live in, But that's probably what is faced with still might work if he could find a buyer. So what was our solution? Okay, Well, if we give them an advantage, Jumbo reverse mortgage, then we're able to lend him around 2.4 million Because it's based on the appraisal is Brazel. Still $4 million. And, uh so this will be repaid when his house is sold or both spouses pass away or they don't comply with the loan term. So now He doesn't have to leave the house. You can stay there as long as he can afford to pay the tax and insurance. Now those aren't small, so We're going to use the phones to terminate the existing mortgage. For one point, you know the existing mortgage and the other debts, which is about 1.6 million, so that's going to save them 23,000 month and costs So that still leaves the 5000 month and property taxes in 2000 other expenses, so his expenses go down from around 30,000 month, the 7000 month. This means that the 225,000 they have in the retirement account only needs to provide 6000 months because, remember he gets the Social Security Which can now last 36 months instead of the seven months Without it, So he's in a better shape. He's still got some extra funds to because, remember, we love them. 2.4 million in his expenses were 1.6, so he still has an extra 800,000, plus the savings so he could last for several years. Of their multiple options. They could decide to keep the house and stay there, and they could take it off the market for a year. Or they can leave it on the market the whole time, But now they can resist the pressure from the real estate agent to drop the price to sell the house and wait for the buyer that appreciates the true value of their house. If anybody's ever put their house on the market for sale, you know the real estate agents always signed you up and tell you some great number, and if it hasn't sold in two weeks, they're calling you to get a discount, So it's not a marketing thing. It's a cost thing. And the last thing you want to do is take a $4 million house and sell it for 2.5 million. But if you have this jumbo mortgage, you can wait him out. You can keep your price at $4 Million. Do you find a buyer that appreciate your house? It might be somebody that moves in from California that looks at him says is perfect for them. So even if it takes three years to self, but it sells for the full four million replenished their retirement funds with around 1.6 million after paying commissions, closing costs and paying off the loan. How is that a bad plan? Please call me Patrick Kerwin at two and 44153773 now to set up an appointment to discuss your house in your case..
KLIF 570 AM
"$4 million" Discussed on KLIF 570 AM
"As I said, before, sometimes has and high prices can take a long time to sell, even in the best of times when clients sold his Highland Park house after having it for sale for over 10 years. The asking price started at 2.5 Million with an appraisal is support the price. But the best offer was just over 1.9 million, which is almost 600,000 less than the appraisal. The whole time it was for sale. The homeowner continued paying property taxes of over 40,000 year, plus mortgage payments of around 5000 month, meaning he was paying 100,000 year to stay in that house, and he's retired and has no real income, so he's just taking 100,000 year out of savings. That expense may be fine while you're working, but when you're retired, that's a bit much. So the problem with the $4 million houses it may take 18 months to sell in May end up selling for around 2.5 million, like what happened in the 2000 and eight era. So let's explore that a $2.5 million sale price means $150,000 real estate commission and perhaps another 10,000 or so in closing costs. So if the sale occurs at that price, after all these expenses he's left with 2.35 million less the mortgage and debts, So that means he's only got 750,000 left to replenish his retirement funds and no place to live. How many people go for before million dollar house to a $600,000 house to live in, But that's probably what is faced with still might work if he could find a buyer. So what was our solution? Okay, well, if we give them an advantage, jumbo reverse mortgage. And we're able to lend him around 2.4 million because it's based on the appraisal sprays will still $4 million. And, uh so this will be repaid when his house is sold or both spouses pass away or they don't comply with the loan term. So now He doesn't have to leave the house. You can stay there as long as he can afford to pay the tax and insurance. Now those aren't small, so We're going to use the funds to terminate the existing mortgage. For one point, you know the existing mortgage and the other debts, which is about 1.6 million, so that's going to save them 23,000 month and costs. So it's still these are 5000 month and property taxes in 2000 other expenses, so his expenses go down from around 30,000 month to 7000 month. This means that the 225,000 they have in the retirement account only needs to provide 6000 months because, remember he gets the social Security Which can now last of 36 months instead of the seven months Without it, So he's in a better shape. He's still got some extra funds do because, remember, we love them 2.4 million and his expenses were 1.6. So he still has an extra 800,000, plus the savings so he could last for several years. Of their multiple options. They decided to keep the house and stay there, and they can take it off the market for a year. Or they could leave it on the market the whole time, But now they can resist the pressure from the real estate agent to drop the price to sell the house and wait for the buyer that appreciates the true value of their house. If anybody's ever put their house on the market for sale, you know the real estate agents always signed you up and tell you some great number. If it hasn't sold in two weeks. They're calling you to get a discount. So it's not a marketing thing. It's a cost thing. And the last thing you want to do is take a $4 million house and selling for 2.5 men. But if you have this jumbo mortgage, you can wait them out. You can keep your price at $4 Million. Do you find a buyer that appreciate your house? It might be somebody that moves in from California that looks at him says it's perfect for them. Even if it takes three years of self, but it sells from the full four million that we replenish their retirement funds with around 1.6 million after paying commissions, closing costs and paying off the loan. How is that a bad plan? Please call me Patrick Kerwin at two and 44153773 now to set up an appointment to discuss your house in your case..
KTOK
"$4 million" Discussed on KTOK
"Oklahoma, Oklahoma U. S Senator Jim Inhofe plans to seek $4 million Dollars in Justice Department funding to help the state Drug Bureau creates special enforcement units. Donnie Anderson is Drug bureau director. What we will be concentrating on our drug trafficking organizations are transnational and national drug organizations that have infiltrated Oklahoma. They're here in Oklahoma, and they're not going away anytime soon. He says the special unit would be solely dedicated to finding and shutting down illegal operations. Former state representative Mike Reynolds of Oklahoma City has filed a lawsuit. In the state Supreme Court seeking to remove state Corporation Commissioner Todd Hi it from his position high. It also serves on the Board of Spirit Bank, the lawsuit alleges that creates a conflict of interest because matters regarding Spirit bank have come before the corporation Commission high. It has recused himself from those cases, he says. The lawsuit is Travel is two are dead after a shooting last night in an apartment complex in northwest Oklahoma City. It happened at the ardent apartments near Hefner and Western police are investigating Suspected arson is to Oklahoma City police allege threw three Molotov cocktails at the Southeast Oklahoma City home. Arrested. It happened near Southeast 25th and high Tuesday night, police alleged.
KTOK
"$4 million" Discussed on KTOK
"Oklahoma U. S Senator Jim Inhofe plans to seek $4 Million in Justice Department funding to help the state Drug Bureau creates special enforcement units. Donnie Anderson is Drug bureau director. What we will be concentrating on our drug trafficking organizations are transnational and national drug organizations that have infiltrated Oklahoma. They're here in Oklahoma, and they're not going away anytime soon. He says the special unit would be solely dedicated to finding and shutting down illegal operations. Former state representative Mike Reynolds of Oklahoma City has filed a lawsuit. In the state Supreme Court seeking to remove state Corporation Commissioner Todd Hi it from his position high. It also serves on the Board of Spirit Bank, the lawsuit alleges that creates a conflict of interest because matters regarding Spirit bank have come before the corporation Commission high. It has recused himself from those cases, he says. The lawsuit is Rebel is two are dead after a shooting last night in an apartment complex in northwest Oklahoma City. It happened at the ardent apartments near Hefner and Western police are investigating. Suspected arson is to Oklahoma City. Police allege through Three Molotov cocktails at the Southeast Oklahoma City home arrested It happened near Southeast 25th and high Tuesday night, police.
KIRO Radio 97.3 FM
"$4 million" Discussed on KIRO Radio 97.3 FM
"It's not just the doses of a vaccine, but it's also the infrastructure to distribute the vaccine. It's also the lack of vaccine hesitancy in that country, and it's the strategy of deploying the vaccines in the correct place is Seattle is now the most vaccinated major city in the US Cairo's Hannah Scott mayor Jenny Durkin. Delivering the news is she encouraged people to get back to downtown. We were the first in And we will be announcing that we will be the first in the nation to hit 70% vaccination of 12 and older jerking, praising satellites for doing the hard work to get there. They stayed home. They saw their businesses suffer. They saw their loved ones get 6 78% of people in Seattle, 12 and up have gotten at least one dose of vaccine. Back in the UK President Biden is getting ready to meet with the British prime minister. CBS is Steve Dorsey in coastal Cornwall. President Biden will meet with Boris Johnson. It comes as Johnson seeks a free trade deal with the US as his country navigates its post Brexit future. Are also expected to discuss the Northern Ireland peace process. The world's largest meat processing company reveals it paid a steep price to hackers who brought US plans to a standstill. Correspondent Peter King has the details. The CEO of Brazil based JBs says it was a quote very difficult decision but the correct one to prevent potential risk to the company or to customers. Company says most of its plans for operational when it paid the ransom, but it paid the money to avoid unforeseen issues and data theft. This week, the Justice Department announced it had recovered two of the more than $4 Million Colonial pipeline operators paid hackers who stopped the flow of fuel to East Coast gas stations. A new UN report finds the number of Children being forced to work around the world is up for the first time in 20 years. CBS News Foreign Affairs analyst Pam Fogg, forced labor for Children has been driven by poverty and a second year of global lockdown, school closures, economic disruptions and shrinking national budgets, forcing families to make heartbreaking choices from Mattel. Beautiful.
WBZ NewsRadio 1030
"$4 million" Discussed on WBZ NewsRadio 1030
"Is planning a trip to Washington next week to lobby members of Congress to pass the voting rights Bill. Jackie Quinn, Washington Large crowd is gathering outside the Supreme Court this hour, rallying for the passage of that voting rights bill now since, she said Senator Elizabeth Warren is on the ground this morning, showing her support. Along with Georgia Senator Raphael Warnock. The House has already passed the For the People Act that lawmakers claim will enhance minority voter protections and curb the influence of money in politics, however, It faces an uncertain fate in the evenly divided US Senate will keep you posted on that and one week from today, President Biden will be face to face with Russian President Vladimir Putin in Geneva. The stakes are high. Experts say he's sure to bring up the recent string of cyber crimes. Carried out allegedly by Russian hackers. It comes as we learn more about the security flaws that led to last month's ransomware attack at the colonial pipeline. On Tuesday, Colonial CEO was on Capitol Hill defending his decision to pay the $4 million ransom was the hardest decision I've made in my 39 years in the energy industry. And I know how critical our pipeline is to the country and I put the interests of the country. First. The CEO also acknowledging to lawmakers that the system the group hacked was protected by only a single password. That was a BCS faith. Buh beh and here in Massachusetts, the state Steamship Authority is still reeling after their cyber attack. Attorney General Maura Healey is urging the public and private sectors to take measures to protect themselves coming up next traffic and that weather update. It's important today We're looking at more thunderstorms. Dean DeVore joining us in just a minute. Are you looking for a podcast? That's nothing but a big chunk of the biggest.
AP News
"$4 million" Discussed on AP News
"I'm Ed Donahue. A Senate investigation found a lot of intelligence breakdowns lead to problems leading up to the capital riot in January. Majority Leader Chuck Schumer says the role of former President Donald Trump in this is not a big part of the focus. The Republicans reportedly didn't want any mention of him at all. And to find out I think we should find out if other members of Congress participated in this as well. Minority leader Mitch McConnell backs this investigation, but not the formation of a commission. And I'll continue to urge my colleagues to oppose this extraneous layer. When the time comes for the Senate, the CEO of the colonial pipeline says he was right in paying more than $4 million in ransom to get fuel flowing again on Capitol Hill. Joseph Blount said it was a tough decision to deal with the cyber Attackers, but he put the interest of the country first. We quietly and quickly work with the law enforcement in this matter from the start. Which may have helped lead to the substantial recovery of funds announced by the DOJ. This week, the Justice Department seized a virtual Bitcoin wallet used to hide the proceeds. A man in Southern California Marcus Anthony arrays, is charged with murder in a road rage shooting that killed a six year old boy on a local freeway last month. Police say they believe it raises girlfriend was driving and he fired the shot that killed the boy. While his mother was driving him to kindergarten. Pfizer says it's expanding testing of its coronavirus vaccine in Children younger than 12 7. Year old Russell Bright in New Orleans is being tested. He wants the shot been trying to Trying to.
AP News
"$4 million" Discussed on AP News
"I'm Ed Donahue. A Senate investigation found a lot of intelligence breakdowns lead to problems leading up to the capital right in January. Majority Leader Chuck Schumer says the role of former President Donald Trump in this is not a big part of the focus. The Republicans reportedly didn't want any mention of him at all. And to find out I think we should find out if other members of Congress participated in this as well. Minority leader Mitch McConnell backs this investigation, but not the formation of a commission. And I'll continue to urge my colleagues to oppose this extraneous layer. When the time comes for the Senate to both the CEO of the colonial pipeline says he was right in paying more than $4 million in ransom to get fuel flowing again on Capitol Hill, Joseph Blount said it was a tough decision to deal with the cyber Attackers, but he put the interest of the country first. We quietly and quickly work with the law enforcement in this matter from the start. Which may have helped lead to the substantial recovery of funds announced by the DOJ. This week, the Justice Department seized a virtual Bitcoin wallet used to hide the proceeds. A man in Southern California Marcus Anthony arrays, is charged with murder in a road rage shooting that killed a six year old boy on a local freeway last month. Police say they believe a raise his girlfriend was driving and he fired the shot that killed the boy. While his mother was driving him to kindergarten. Pfizer says it's expanding testing of its coronavirus vaccine in Children younger than 12 7. Year old Russell Bright in New Orleans is being tested. He wants the shot been trying to Try.
WMAL 630AM
"$4 million" Discussed on WMAL 630AM
"With hearing the truth, you don't like that. It's a scientific fact that girls cannot be turned into boys and vice versa. You send a message to parents and teachers that if we dare voice dissenting views, you will retaliate. That's what tyrants do not public servants in a free country. Virginia Democrats, meanwhile, deciding if they're going to return to it from a familiar name, and former governor Terry McAuliffe or turn the page Virginia Democrats are selecting their nominee for governor. There's a familiar name on the ballot in former governor Terry McAuliffe. And some more progressive options like Jennifer Carroll, Foy time to have a working mom representing working families. Someone who has, you know, lived paycheck to paycheck been unable to afford the high cost of health care. Foy and state Senator Jennifer McClelland are seeking to make history. As the nation's first black female governor and the first woman governor in Virginia. McClellan made this pitch on MSNBC. When you don't have federal guidance, it's important who the governor is. We've got good leadership in Washington now, but we can't let our foot up off the gas here and the states in McLean, Virginia. Mike Emanuel Fox News, the CEO of a major oil pipeline hacked by cybercriminals, sharing his story today when the Senate committee The CEO of colonial Pipeline, Joseph Flounces. He made the decision to pay cybercriminals so more than $4 million ransom. It was the hardest decision I've made in my 39 years in the energy industry. And I know how critical our pipeline is to the country and I put the interests of the country first, Blount says. At the same time, he quietly worked with federal law enforcement, which may have helped track the Bitcoin payment. Justice Department announced yesterday a successful operation to recoup much of that ransom. The attack is blamed on a group believed to be operating in Russia on Capitol Hill..
MyTalk 107.1
"$4 million" Discussed on MyTalk 107.1
"Listen to them. It's Matt Bollinger Danger. What's manager Buck Langer? It's while that I've only heard that song maybe like well, initially, like four or five times in that, to see that gets stuck in your head isn't understand. It's a thing and people sing it to me around the halls here, and it's it's It's really great nice homage to Laurie and Julie as they frolic out West. Let's hope they're having a fabulous time. How they are, There's no doubt alright, so in true, super serious sense that sarcasm Holly in the last segment like Yes, People come to Lauren Julia for the hard news. Who's well, but we're doing it today because they don't know that. So I'm sorry. Let's be honest. Sorry, advanced, but this is all I know is good to use. And this is useful stuff. Now let if it rhymes, it's true. Yeah. If it's on TV, No way, we'll stop right there. So listen, the mask thing is confusing right now, and I've read a couple things. People. You know some situations confused about what's appropriate. What's not what you know, and also I have two other things I want to bring up on Dwyane involves, Um you know where you have to wear a mask and these incentives for the vaccines. I'm gonna step through all this. So let's start first with the confusing thing about the masked people thought for a hot minute. When the statewide mask mandate went away that OK, that was it. We don't do wear masks anymore. Burn the mass and well, and the thing is, don't do that, because the bad if you're in Minneapolis or Saint Paul right now, both of the mayor's Jacob Fry and Melvin Carter are considering adjusting possibly their mask mandates that are in place in the city level. So government is like a cake. Right. So you have the city municipal layer there, and on top of that's the federal government, the federal government layer of the cake room. Move to the mask mandate, but the city government level is still in place. So when rubber meets the road, there's this news happening that hey, Yet target is no longer requiring shoppers to where fast masks at target stores. But the problem with that is if the target's in Minneapolis and ST Paul, you still do have to wear a mask. And it's confusing because even I was caught off guard by that, because my home is right at the edge of Minneapolis there, and so we, you know, we go west on 3 94 do some shopping, and then you know, I'm in a store in ST Louis Park actually. And it's the rules are different. They're on. It'll catch you off guard. Also, there's the whole uncomfortable thing of that. You feel naked. Now. You know when you're not wearing them, I've noticed Here's thing. I would have one thing positive I've found about mass is Could blatantly sing quietly to myself as I shop, and nobody knows. So now I'm having this weird thing where I have to beam or parent of more like aware, and I don't like it all the time, you know and be Arthur here before we started, was talking about how she still wears a mask. And a lot of people are going to choose to still wear a face mask when you go into a busy place like a grocery store, something just to protect the workers there because you don't know obviously, if you're vaccinated, that's the population that can safely remove masks right now, But you don't know, you know. So the thing is the moral of the story with the mask situation is particularly while there are still the state of city level rules in place you got just got to keep one in your car. Keep one nearby in your pocketbook or whatever on your wrist. You never know when you're still going to need it, because we're not that far in this where it's like, you're never gonna need it True that true that all right? I saw something about hip hop. And there's a lot of misinformation right now about HIPPA. And can you ask someone's vaccination status and I don't want to get in the political side of the story. But someone very prominent kind of made a took a stand and tried to make it known that you can't ask me mind the vaccination status because that's protected by HIPPA. And that is not true. A company on like the airlines, for example, they can. It's allowed that they ask your vaccination status. So s so don't think that they're kind of violating some rule if they ask you about now, So I know I've heard the other argument then that I don't have to answer by law. And you're saying that's not true as well. I think that if you want to use the service that they're asking about so they can ask you and I think they can require you to answer before you Do extra. Why? Whatever talking about which actually makes sense, because I mean, if anybody went to college in the last off while really forever they ask for your vaccination records even prior to Cove in. I mean, you have to prove that you're vaccinated to attend college HIPPA protects in the health care, setting information that a doctor would share about one of his or her patients. It doesn't protect in this situation where it's an outside entity. Outside of health care setting, asking so you can't hide behind HIPPA here They are allowed to ask you whether you choose to answer. That's your prerogative, But But there is there not violating some kind of rule if they happen to ask you about it, And the last thing this Holly, I didn't get to ask you about this before we started. But I want to know what you guys gals think about. The fact that we have we're incentivizing people to get the vaccine now Maryland has they're giving away $40,000 a week and then there's a big prize at the end. I think it's $4 million or something. New York has a vaccine and scratch lottery kicking off for people there to try. Encourage these people who still haven't gone. To be vaccinated. My question about that is and and our governor in Minnesota's thinking about, by the way, offering some incentives like free fishing licenses or state park passes. That's so Minnesota, right, but I know what the $4 Million both think that But my question is is like, why are we rewarding? The people who have held out? I mean, if you were first in line and you got your vaccinations, are you gonna be able to get in on some of this incentive action, or are we rewarding the people who've waited and procrastinated that I don't like? I don't like that? That's it. Christine because you find a lot of people lying about giving the vaccination. So in this case scenario I might lie about not getting it to get in the running for that fishing license. Don't Don't tell my neck of the governor's office is expected announce more details about those incentives here in Minnesota soon, but that's the other thing. I would hate to think that somebody In one of these states where they given away big money. I would hate that. Like someone goes and gets multiple vaccines just to have entries to win the millions of dollars. But, hey, you know what? You never know what people are going to do, But that would be horrible. I don't know what that's gonna do to your body. But It's just a weird situation with all the these incentives. I don't like it. I think it's strange. Any port in a storm get out there, if it if that's what it takes in order to in order to participate in this public health initiative. By all means. I don't feel like I'm missing out on anything. But if that's if if a free fishing license and park pass is what's good? What's going to incentivize you But your father had to say, Park we.
KLBJ 590AM
"$4 million" Discussed on KLBJ 590AM
"All future, You'll end it. So I'm not even gonna touch the helm in this thing, but on the on the colonial pipeline, who's to say that wasn't an inside job? And the money gets back channel to that person, CEO or whatever. Uh huh. Now you're nothing. Well, it could be. I mean, at this point, we really don't know. But you would think if he spent 200 million on his I t systems. Part of that should have been on secure. Yes, and back ups. Yeah. Yeah, well, whoever is in charge of the the you know that Uh, keeping the system safe. The security who's to say that person didn't sell the information. Mm for a fraction of the $4 million. Would you? Would you think, Richard that the FBI is looking into that? I would hope so. But who knows about the FBI anymore? They're not looking into Hunter Biden. Uh, the thing is, if you if you Hey, somebody to remove a ransom. Where? Who's to say they're not gonna jump to the next company and do the same thing? All I know it sets off a domino effect. You're right about that. Hey, have a great day. Richard. Thanks. Good to hear from you, sir. I want to work in J with a quick comment, please about the camp sites for the homeless. Welcome, Jay. Good morning. Yeah, they're saying the city owned or the city city limits. There is a piece of property the city supposedly owns on Circle Drive, which is two miles past the white to 1971 there Thomas Springs Road. That's one of the ones they're going to put a homeless encampment on. It's not in the city limits. And how they didn't give him there. I mean, they can't walk from town and they could have to be bussed there, so they're gonna be riding bus transportation. Plus, it's not in the city limits J. Thank you. We'll look into that. People are poring over this map and all of these locations we're gonna make way for the best of Rush Limbaugh, 11 to 2 and will come back from 2 to 4. Where we have Ed will join us live in local. The news is next unless it thank you great job producing. Mark season today on news forward for We're working for you An inside look at the local Cupid Vaccine trial for kids What Children reported days after getting the shot and how it could.
WBSM 1420
"$4 million" Discussed on WBSM 1420
"Young folks are dancing at the local so defective innocents of a new, deadly menace lurking behind those doors over at 19 the virus with its roots in hell. In this film, you will see the ease in which this vicious virus can spread in the community, causing debauchery, violence, murder, suicide and the ultimate end for someone who doesn't wear the mask. Religiously hopeless insanity. See this important film now before it's too late. Covert madness. I feel my Charlie Parker. It does sound like something he would put together, doesn't it? He unlike what The New York Post says he does believe the virus is a vampire. He's made that very clear over and over again. The virus is a vampire. That's why they have the Had to shut down the restaurant. You couldn't have a drink after you know, after 9 30 because the virus was looking outside. Waiting to suck your blood. Make you into the undead. Tom, You're next with Howie Carr. Go ahead, Tom. How we just real quick coma was Writing a book, as you probably know. And he, uh he, uh Bragged about what a great job we did in the in the homes for the old people. Yes, he did very few desk. And then that's why he head Would actually happen in the homes because of the publishers found out They would have would held their money and probably not even published the book and that's exactly why he hit it. Right. He got a $4 million advance. And as I've explained in the past, but the way that works is you get a third of the advance when you signed the contract, the third of the advance when you deliver the manuscript in the last third When you were when the book is published, So you're right. He might have lost two and $2.7 million. If if they had known the truth, they probably would have canceled the book. So he's got a lot to answer for here, Paul, Tom, and I don't think he can answer at all. So we've got one more cut from Baker. So Baker was today bragging about how he has taken the second shot. So he's ready to go. But here is here is his description of what happened to him after the second shot. Got 41. So there's it's hard to say there's kind of like a standard.