37 Burst results for "Puerto Rico"
A highlight from SBF Guilty!
"7 guilty verdicts for Sam Bankman -Fried, Bitcoin ETFs in the future and a happy recovery in crypto prices are all providing the blockchain world with much to discuss. After a couple weeks off, we're back to do the thing we do where we look at top stories and say whatever our brains tell us to say and it'll be super interesting because by the way, Travis is transitioning. More about that in this show. There's no filter, just badness and banter about what's been going on in the crypto world and in our world on this bad news, episode number 701 of the Bad Crypto Podcast. Hey, welcome back to the Bad Crypto Podcast, the show for the crypto curious and the crypto serious. Joel come here. Travis right there. Still your Sir Lords and with you from Puerto Rico, the beautiful island in the Caribbean. How you doing? Doing great. Nice to see you again. Good, sir. You as well. We had a couple weeks off and people are like, are you guys done doing the show? We hit 700 and we're like, done. No, actually we hit that 700th episode and then we were waiting for SBF to get seven indictments and then so he did and then we're like, okay, we can do the show again now that he is going to prison for a long time. Seven the number of perfection. We'll tell you more about what's been going on in our world. But first let's get to the news and tell you what's going on in the crypto world. Timestamp November the 4th, 2023 to 14 p .m. in the afternoon here in Puerto Rico. I know this show is coming out on Sunday, so it might be a little delayed on what you're going to hear here as far as the prices go. But the crypto market cap, according to CoinGecko, is currently $1 .34 trillion Bitcoin, thirty four thousand seven seventy Ethereum eighteen hundred thirty eight dollars BNB two thirty seven XRP sixty one cents Solana forty one dollars. Damn. Why did I sell mine? Cardano thirty two cents and Dogecoin almost at seven cents. The crypto markets have taken a bounce back. Sir Lord Travis, you know what? And one of the things that I am transitioning is I'm selling my home and moving back to the States. And this home is the selling process is taking forever, dude, but I wanted to start selling it. Bitcoin was like at sixteen eight when I decided to sell it in in January. I was like, dude, I thought this house was going to sell quickly. And I was like, I want to get some of that sixteen seventeen thousand dollar Bitcoin might sell us some bitch and then process and this and that in Puerto Rico. And now Bitcoin is freaking thirty, almost thirty five thousand dollars, dude. Like I missed out on doubling of my money right there, which sucks about that. There are. So I just I just want you all know, I want crypto to do I want Bitcoin to go down like about ten grand. I want to I'd like to see twenty five K again so I could snag more of that. I'm sorry to interrupt this show, this broadcast to slap Travis Rice in the head. Yeah, because the rest of us, I mean, yes, I want you to have cheap Bitcoin. But, you know, if this is just the beginning of a bull run, that means that there are lots of opportunities. Remember, our previous high was sixty nine thousand. And most people are expecting us to blow by into six figures this time around. And so we can analyze, you know, what's happening in that world and all of what's driving it. I thought maybe we take a look and just see who are the big winners right now. We mix. Don't know what it is, but it's up 66 percent this week. Well, that's what that's what a deejay does whenever they have a list. They do a we mix. Yeah, we. Yeah.
Fresh update on "puerto rico" discussed on Simply Bitcoin
"The daily culture brought to you by Swan bitcoin.com. Swan is the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases serving clients of any size from $10 to 10 million dollars. We love Swan because they incentivize self custody and dollar cost averaging. What are you waiting for visit Swan bitcoin.com today? All right. Well, you guys know the culture, you know what we like to do with the culture and Daniel not to put you on the spot and you told me in the pre show that we don't want to get too into the details of your rabbit hole story, but people love yeah, I know I know everyone wants to everyone wants to ask, right? So so so I know, you know, I go to, you know, Bitcoin conferences Bitcoin meetups, bit devs and people ask, oh, you know, how many years ago did you first hear about Bitcoin and you know, which is a good question. But what I started asking me was, you know, how many years were you waiting for Bitcoin before you heard about it? Right? So for me, this was something that I, you know, I was waiting for somebody to build it for a long time and I wasn't entirely sure it was possible. And then when I first heard about Bitcoin, I was like, okay, that's that's pretty neat, you know, but who knows, right? It's just it's just a wild experiment and you know, have to have to see where it goes. But I, you know, immediately like the idea, especially the idea of mining because if you've seen the 19 the movie from the 90s, the James Bond movie GoldenEye, the bad guy has this this layer in the jungle. That's this is giant like satellite dish basically. And that is a that is a real place in Arecibo, Puerto Rico and number of years ago. I went to to go see it and they built that to try to be able to, you know, get signals from outer space and they were getting all this data and they just simply couldn't process it, right? They they were getting so much data from outer space all these this radio signals and they didn't have the super computers that could actually look to see if they're repeating patterns that could suggest aliens trying to communicate with us. So in the 1990s, they came up with this idea SETI at home search for extraterrestrial intelligence at home where they would basically break that these data into chunks and then enthusiasts with their computers at home could download each of these chunks and have their computer use its processing power to try to find aliens. So, you know, I when I heard about that was like, okay cool, you know, I am the computer's not doing anything while I'm sleeping and I can try to I can try to find aliens and you know, unfortunately, I never found any aliens right would have been exciting, but whatever but then I heard about this one. It's like, okay. Yeah, I can actually just try to you know, sure turn this, you know electrical power into some kind of you know internet currency and and see where this goes. And you know one point I had a few a six, you know my apartment and I had them going in the kitchen while I was sleeping and then as soon as I woke up, I would unplug them all move them over to the bedroom and plug them back in and close the door and you know sound like a couple hair dryers going and you know, I'm lucky there was nobody in the apartment with me at the time or they would have been very very angry and they would be like, what is this sound? You know, this is unbearable droning and like that's the sound of money being made. You know, so I can't complain about it. And you know, then then over time, you know, I slowly I slowly learn more and again, you know, some of the you know, we don't have learning about Bitcoin back in the day was was definitely harder. There were less people there. We didn't have the kind of podcast and educational resources we have now and and it's just very very easy to lose Bitcoin as well. And you know, the price goes down on a bear mark and you think well, that's it. It's over, you know, and in this in this bear market didn't feel like it's over right. You can see some of these exchanges going under some of these other lenders that overextended themselves and miners that overextended themselves and like yeah, they they made a mistake but Bitcoin is definitely definitely here to stay at this point and really on a pretty amazing trajectory. So it's been it's been a really cool experience, you know, meeting all these interesting smart people in Bitcoin as well as trying to help regular people just get into Bitcoin and learn about it, right? Because there's no one place to go. There's no company. There's no official website. So you kind of have to hope you find somebody to onboard you who is a who is a real Bitcoiner and will point you in the right direction. So people say to me, do you mind repeating yourself? And I'm like no not to different people only only to the same people, right? So it's always really exciting when they get someone new who actually wants to learn and and then they just see it click for them. Although sometimes we end up going down the mining rabbit hole for a long time because it is interesting but you know right now it's not really the best way for the average person to try to get into Bitcoin simply because it's it's become very very competitive at this point. So unless you have that edge, right unless you're getting free electricity or super cheap electricity unless you actually need that heat already anyway to heat your pool or you know hot tub or something, you know your house or something there. I mean, I like projects like spa 256 someone's heating their hot tub with a six and think it's extra satisfying to know that that's how it's being warm. But generally for most people. Yeah, they're better off as they say Fiat mining doing whatever it is. They're actually good at and then then buying Bitcoin with it. Love it. Love it. And we did kind of talk about earlier before the show you mentioned it kind of here, you know, it's very I'd hate to say it's very easy to lose your Bitcoin. But if you don't do it properly, there is a real risk of losing your Bitcoin and someone that's been around for a long time. What would you recommend to someone new? What do you think is the best way for people to store their Bitcoin? It does depend on the person it depends on the amount of Bitcoin it depends on their level of technical proficiency and their budget, right? But but certainly one good hardware wallet and a steel backup is a really good option for for a lot of people, right? There's it's becoming easier and more practical to do multi SIG where you can actually have these essentially partial keys. And then some of those keys could be held by you in different locations could be held by friends or family could be held by companies that are specializing in this, right? And as that becomes more practical, I think that will eventually become the default way to do it as it's both more secure and more forgiving when done properly, right? But that's that's the key there. And I've helped people who are new go through this process of just, you know, creating their 12 seed words, write it down on a piece of paper, right? You know, you set up the hardware wallet and you would think that this is people think, oh, this is very easy. Yeah. Well people write down the words wrong. They just write down a different word. They misspell it. They're their handwriting's, you know, unreadable or they write them out of order or they write them on a piece of paper then take a picture and then put it on the cloud and without necessarily realizing, you know, I said to them, okay. No, you that you weren't supposed to do that and they say, okay, I deleted it like no, no sign up to delete it. You have to do the whole thing from the beginning again, right? These can never be on a general purpose internet connected device.
A highlight from No Cease Fire
"All right, welcome to the Dennis Prager Show. I'm your guest host, Carl Jackson, sitting in for Dennis Prager. The number to call in, 1 -8 -Prager, 776. That is 1 -8 -Prager, 776. Sitting in studio with me, Lou's got my back right here at AM 950 The Answer, 94 .9 FM. Go to TheAnswerOrlando .com. You can see all of our great programming here. I would certainly appreciate that. Sean McConnell is in my ear. Alan Estrin, thank you so much for inviting me back. I want to thank, obviously, Dennis Prager and Sue for trusting me behind this microphone. It really means a lot to me. I certainly appreciate that. Mr. McConnell, who do we have on the lines? All right, Suzette is on the lines. I thought I heard Tony earlier as well. Anyway, Suzette, so glad to have you with us. The number to call in, 1 -8 -Prager, 776. 1 -8 -Prager, 776. I have so much that I want to get to that it's absolutely unbelievable. I've got to mute my phone, apparently, and my laptop here. But listen, I wasn't exactly sure how I was going to come at this show, to be frank, with those of you that are in the listening audience. I'm watching my country, and every day I'm looking at my country and I'm watching what's happening. I'm looking at our leadership. I'm looking at what's happening with the Israel -Iran slash Hamas war. And I'm just, it's weird. I go home, even though I'm on this microphone, I go home sometimes and I read these headlines and I'm in disbelief of where we are. You know, I recently, or I've been hearing more and more people, including the White House, call for a ceasefire in Israel. I pray to God that Israel, even if it means forgoing any aid from the U .S., I pray that they would absolutely annihilate Hamas, and I pray that they would ignore Biden and the White House. Obviously, Biden and the Vice President and the Democrat Party are catering to portions of their base, which sadly are, they have partly a Hamas constituency, a pro -Hamas constituency. I think I want to talk to you about this. I think I want to start here. Frankly, I wasn't even sure. I got stuff scattered all around me, but guys, I think we are leading up to another 2020 -type summer, another 2020 -type summer of violence, if you will. But I do want to make mention of this. Before the Democrat Party calls for a ceasefire in Gaza, let me call for a ceasefire. Can I do that? I want to call for a ceasefire in St. Louis, Missouri. This was the first city with the highest murder rate in St. Louis. There were 194 murders. By the way, this is as of January of this year, so the numbers have gone up. So I want to call for a ceasefire in the Democrat -run city of St. Louis. Again, 194 murders in 2021. That was with an average of 64 homicides per 100 ,000 inhabitants. There has been a decrease in the city's population since 1993, which, oddly enough, has resulted in a greater murder rate, despite the fact that they have a dipping population. I would also like to call for a ceasefire in the Democrat -run Baltimore, Maryland. That is the second city with the highest murder rate. That is Baltimore, Maryland. Again, there were 348 murders in the city with an average of 58 .63 deaths per 100 ,000 inhabitants. The majority of murders in Baltimore are centered in a few high -density areas. This, according to the Baltimore Sun research, gun deaths are concentrated in a quarter of the city's communities. I bet you don't have to guess who runs those cities. I'd also like to call for a ceasefire in San Juan, Puerto Rico. That is the third city with the highest murder rate. Right under Baltimore, there were 172 murders in the city of San Juan with an average of 54 .03 deaths per 100 ,000 inhabitants. Since Puerto Rico became a colony of the United States going back to 1898, the island has been plagued with crime. The island has been plagued by violent criminal activity for a long time as well. The island has been plagued by illegal activity for a long time, too. By the way, this is USAbyNumbers .com. Also, I'd like to call for a ceasefire in Detroit, Michigan. Detroit, Michigan has been the fourth city with the highest murder rate. All of these cities, with the exception of one that I'll touch on, are run by Democrats. I want to call for a ceasefire there. It seems to me that the Democrat Party are fixated on making sure that no innocent civilians die, despite the fact that Hamas that runs Gaza, despite the fact that they killed more than 1 ,400 Israelis, including American citizens that happen to be there. We don't even know the name of the hostages that have been taken, frankly. So they're since so fixated on calling for a ceasefire in Hamas, I thought just maybe, maybe that they didn't understand that the cities that they run are under fire every freaking day, and perhaps since they run them, perhaps they could do something about it. That's kind of what I'm thinking here. So Detroit has been the fourth city with the highest murder rate in the United States and 34th in the world with a murder rate of 40 .74 per 100 ,000 inhabitants. There has been an increase in violent attacks in Detroit. Although thefts and other crimes have decreased, the city's overall crime has reduced significantly since the 1980s, yet the results are still pretty horrible. And what about a ceasefire in Milwaukee, Wisconsin? So on the western side of Lake Michigan, the American state of Wisconsin contains the metropolis of Milwaukee. It is well known for its viewers, several of which provide tours that detail its contribution to the brewing industry. The Harley -Davidson Museum is there, so that'd be a nice thing to see. That overlooks the what? The Mino Monte River features vintage motorbikes on exhibit, such as one that was owned by Elvis Presley. I'd love to see that. The Milwaukee Public Museum is close by and features an expansive European village, as well as a replica of early Milwaukee, but the murder rate there is 42 .5 of 100 ,000 inhabitants. So you've got to make sure that you don't get a cap popped in you while you're on your way to the museum. How about a ceasefire in New Orleans? How about a ceasefire there? New Orleans, Louisiana. That has a murder rate of 40 .6 per 100 ,000 inhabitants. I'm sure the Democrats are all over that. Guys, this is a party of chaos. This is a party, the Democrat Party, it is a party of murder. It is a pro -hamas party.
Fresh update on "puerto rico" discussed on Real Estate Coaching Radio
"Yeah, exactly. Those of you guys are not enough of us, right? We're not the ones causing the problems. It's the millennials and the boomers. Anyway, it's not our fault. All right. My number five advisor buyer clients based on your actual market knowledge. What do you know about the subject property, the neighborhood, the homeowners association, the trends in the area, the average days on the market, the list to sell price ratio and anything else pertinent that could affect their offer and what to expect. So your average buyer is not necessarily going to say, Hmm, the house I'm looking at has been on the market for 120 days. Maybe I could come in a little bit under list. Maybe I could get some sellers concessions. Maybe they're going to say, Oh, I, I better be willing to go over a list and, uh, you know, close the appraisal gap. But you also want to know why it's been in the market. Maybe it's been in contract and the buyer's financing fell through. Maybe it's been for sale, but the buyer had, or the seller had to, you know, wasn't able to show the home. You don't know. You have to make sure you're asking the listing agent what the story is. That's where your expertise comes in. Right. Okay. And that's not something that a buyer would do on their own. Typically an inexperienced buyer's agent is going to look at days on the market and MLS and just go, let's go low ball. It's been for sale for 40 days. Exactly. Exactly. Oh no, the world is ending. Yes. Okay. Number six, articulating your value to your buyers, uh, write an offer that will win the home that they want. Understand what the seller is desiring, just that's beyond just price. And how do you find that out? Julie, you call, you find the listing agent and listing agents listening. Please call those buyer's agents back or put, or put the information in the agent to agent comments. Yep. Don't play mean, don't hide out from them. Okay. The market is changing. You can't act like that anymore. Even if you're expecting multiple offers, you don't know which of those agents you're going to have to do a deal with in the future. Help them out and by helping out those buyers agent by answering the question, you're also helping your sellers. Well, you're doing yourself actually, if you know, if we want to look at this from a time saving perspective in the agent to agent comments that the consumer doesn't see, put in there what the seller is feeling was comfortable with you sharing to the co-op as far as what they are looking for. If they want a, you know, listing agents, if they want an extended, uh, occupancy after closing, if they want to keep the pear tree in the backyard, if they have the pet cemetery that they need to move, whatever the hell it is, things we dealt with, put it, put it, you know, the hot tub and the pool are included, but yeah, whatever. But make sure that you're putting that in the agent to agent comments. That way that you will not have to receive the phone calls because if someone, if an agent calls you and you, you know, you're getting, you got a great new listing and the agents, a lot of buyers agents are calling asking about the great new listing in your voicemail. You can actually say, please read the agent to agent comments for all the particulars on essentially how to win this particular house. Exactly. So make, you know, guys think through it here. Save yourself some time. And the buyer's agents ultimately, you know, the listing agents hide out from you guys because they don't want to necessarily have to answer questions that are available in the MLS. So make sure you're searching the MLS. How about working together? Okay. So staying on point number six, write an offer that will win. Also, in addition to what you just said, have the best, most detailed lender's letter or proof of funds. So your offer won't be tabled just because that's vague or boilerplate looking make your offer the obvious front runner based on facts, not just conjecture and not just on how you've done your past five deals over the past six months. Okay. You've got to base it on the subject property, what the seller wants, what your buyer's needs are and market conditions. All right. Point number seven. Once you've won, you'll need to help them through contingencies, inspections, the appraisal process, and of course the final walkthrough with a changing market inspections are now becoming a secondary point of negotiation. Done a podcast on that. This can be a key value that you provide to your buyer clients. Managing the transaction between pending and closing can actually be the most challenging part of the process, but be the reason that they make it to the closing table. Now this is Julie's point seven. There is only what four sentences, but the reality of it is this is where a lot of you are going to lose because you do not know how to negotiate when it comes to home inspections and all these other nuances that weren't really required in a hot seller's market only really, I think maybe in the last 18 months that they really become relevant. Again, you're going to have to learn how to deal with, say for example, you've got to, you know, a ratty home inspection or you got a ratty home inspector that happens, right? Or both ratty home inspector giving you a ratty home inspection and they, you know, are full of drama and you know, maybe it's an inexperienced home inspector, which most of them are because they're wondering a lot of home inspections happening during the last 15 years because you had to take the house as is. That was, we call that a home inspector recession. Yeah, exactly. That's interesting. They probably haven't done it. So you're having a lot of home inspectors that are, you know, if the buyer insists on showing up to the home inspection and they're paying that, you know, home inspector a thousand bucks or whatever, that an inexperienced home inspector is going to be, you know, filling every damn thing. Oh, look at the nail pop on the roof. Good Lord. Needs a roof, right? Stuff like that. So you're going to have to know all of the little things ahead of time. So choose your home inspector wisely. Choose your, you know, lenders wisely. Choose all of your title, escrow, everything wisely. So people do not freak out the, you know, your clients and you don't lose the deal. We talk about this endlessly in premier coaching and we've done quite a few past podcasts. Remember, premier coaching is coaching the podcasts and we do our best, but they're still just training cause we only have you guys for 30 minutes. Next point, Julie Harris is number eight communication. Every time there's a survey that goes out to recently closed real estate clients, their number one complaint is always the same. It's not the commission, it's communication. Always be one step ahead of your clients. They need to know what's happening now and what's happening next. Lack of information creates enormous stress in a real estate transaction. You've got to be the leader in your transaction. So communication, I always challenge coaching clients. Try to over communicate. Good luck with that. I want to get a complaint that some, one of our coaching clients overdid it. That would be awesome. All right. Number nine, the closing itself. Final removal of financing and inspection contingencies. The pre-closing walkthrough and review of the closing documents. Answer their questions and make sure everyone is comfortable prior to signing. Now I'm going to give you guys some advanced coaching here. If you're in a place where there's round table closings and there are still places in the country that do that, where everybody and those of you guys who don't do it this way, you'll laugh when I say this, if you're hearing it for the first time, like it'll cause them stress just to hear it. Well it causes me stress to remember it. Everybody, the buyers, the sellers, the lenders, the buyer's agent, the sellers, listing agent, the title, people all sit around a table in a big, usually uncomfortable conference room. Um, and then they sign all the documents. So yes, the seller is there when the buyer signing all their loan docs and the whole thing is just ridiculous. This is the first time they've seen each other. Yeah, exactly. But if there was any sort of nastiness that happened during the process, maybe agent drama crept in, then you can feel the stress in the room. All of that is totally and completely unnecessary. And the other thing is the other agent shows up in their grand standing. The other, let's say for example, you know, you're the buyer's agent, the listing agent shows up, it gives the fricking seller like, you know, a donkey and a unicorn and a bag of, I don't know what the hell you guys get the point. They walk in like they're Ed McMahon with a, you know, a $10 million check and you're sitting there basically, you know, bought your buyers, uh, some coffee or something. Right. I mean, so yeah, that's the other thing. A lot of agents will show up in grandstand and make you look like a heel. They'll spend all of their profit on some sort of closing gift, which is ridiculous. So do yourself a favor. Don't do round table closings. You can actually, when you start doing enough transactions and listen, what I'm saying, the title company will send a closing officer to the buyer or the seller's house or their place of work to do their end of the closing. They will make, or they, the, uh, you know, the buyer or the seller can go to the title company or your office and they can just do their end of the closing. Exactly. Julie and I used to do that. When we were selling, you know, hundreds of houses, we never wanted to do round table closings because of all the reasons we, you know, the only time we had to go to round table closings is when they were, um, not our train. There weren't our listings. That's right. And you know, we can take a lot of measures, but we did try even on the buyer side. In most markets, the seller chooses the title company, but we always tried to write it into our buyer and we had seven buyers agents. We always tried to get them to write in that they're going to use our title company because we knew our title company would do split closings and you get a lot of time back. You don't have to do the whole pomp and circumstance, the whole drama, all of that is gone. So just keep this in mind. If you want to remove a lot of the, I think the pretension and the contention from a real estate transaction, you know, remove the people that cause it. Exactly. Well, there are some markets, and if you recall when we closed on our house in Puerto Rico, we did it this way. There are some markets that will do it digitally. So that might be an option. But I do think, I agree with you completely that you should avoid the round table closing. First of all, it takes forever. Second of all, it can be a point of contention. They can, you know, create drama, whether that's agent to agent or a buyer, seller and agents. But I do think that there's value if you're doing it in person to go with your buyer or seller client with them to that side of their closing. It only takes a half an hour. It's kind of a bonding thing and that leads us to point number 10. But when you're there, don't say anything. Let the title, let them do their job. Let the attorney or the title agent do their job. Don't say anything. You're there to be congratulatory, shake their hand, get a good picture, have smiles all around, put it on your social media. They'll put it on theirs, make it a happy thing. So number 10, post-closing followup. From a closing present to handling any questions about appliances or equipment, you've got to be the go-to person. Don't disappear after closing. Instead close the file, not the relationship. Fold them into your database and make them into your sphere of influence. This is how repeat and referral business happens. So all 10 points that we've done today are things that professional experienced agents practice already. Many of our coaching clients have been polishing this transaction by transaction. These are the same agents who have no fear of any changes resulting from commission lawsuits or any other ongoing, you know, buyer side or seller side, uh, transparency things or disclosures. Make sure you join their ranks by following the best practices every time. And for help in turning these points into your scripted presentation, of course, all you have to do is sign up for a premier coaching. That's right. And guys, again, the notes from today's show, Julia, I cannot believe we got all those 10 points in exactly 30 minutes, 37 seconds. Um, so we, by the way, if you guys ever meet us in real life and we sit down and have a conversation with you after about 30 minutes, Julia and I will have like nothing. We'll have like nothing to say. We can't have protracted conversations that last more than 30 minutes between podcasts that are 30 minutes and coaching calls. I know I, I play this game with myself guessing what time it is and I'm usually within like three minutes. I know. I don't know if that's a good thing or bad thing. Yeah. So listen guys, thank you for keeping this. The number one listen to daily podcast real estate professionals, and at least the United States, literally millions of you download and listen to us every single year. It is our pleasure and it is our utmost honor to be your online real estate coaches. Now for many of you, the next natural step is to join premier coaching, but we would certainly appreciate it if you give us a five star review on iTunes and then let the world know in comments on when you're giving the five star review, why you like the podcast. We know literally tens of thousands of you listen on a regular basis and use this podcast as your real estate coaching, as your training. We've had many of you tell us that over the years. I listened to you guys for years before I joined you as a coaching client or before I joined with you guys at eXp Realty and I appreciate that, but here's a little word to the wise markets change. You need to get your game on. You need to take it to the next level. So you know what to do. Join premier coaching. Do that urgently. Have a fantastic day. We'll talk to you on the show tomorrow. This podcast is a part of the C-suite radio network. For more top business podcasts, visit c-suiteradio.com.
A highlight from Crypto Kingpins: The War Between SBF and CZ
"It's been almost one year since FTX collapsed and created a horrific ripple effect in the crypto industry. Sam Bankman -Fried and Chengpeng Zhao have become key players in this incident, and a new podcast goes behind the scenes to tell about exactly what took place. With SBF's trial ramping up as we speak, we're pleased to welcome Tom Wright, one of the creators of the new Crypto Kingpins podcast to the show, to share some insights. So let's go ahead and get into it today on our episode number 697 of the Bad Crypto Podcast. Five, four, three, two, one, go. Who's bad? Well, what do you know? Once again, it's the Bad Crypto Podcast, the show for the crypto curious and crypto serious. We had a week off because I was traveling en France, and was Travis keynoting at a crypto event in Manila. He was the thriller in Manila. And how was it, Trev? I tell you what, you know, I think I maybe made a quote of this before. Somebody said, go where you're celebrated, not where you're tolerated. And I do think in Puerto Rico sometimes it's like, you know, the natives tolerate, they don't really like the gringos, but they tolerate them. And then there's some people that'll throw hate. So, but in the Philippines, oh my God, they are so open and welcome and kind. And like, hello, sir, how can I help you, sir? Like just most lovable people, probably that I've ever encountered in the world. Thailand, the same, very nice people. Not a lot of crime in these places. I think maybe the Buddhist nature of that. And they're like, oh, you know, and it was so nice, very nice. And the keynote was great. They had me kick off the whole conference. So the founder came up, Dr. Donald Lin, he came up, did a little thing. And boom, then they had me kick off the keynote. And I think it was one of the better ones that I've done. I think it'll be up on YouTube here shortly and we'll share the link when that comes available. I had a few people come up and tell me it was one of the best keynotes they've ever seen. So I was like, ah, you've not seen very many keynotes. Perfect answer. Well, I'm sure you did a fantastic job and represented the Republic of Bad Cryptopia. So, you know, it's hard to believe that it's been a year since the dominoes started falling. You know, Luna was first, then FTX and Three Arrows, and then Celsius. And it's just been, it's gonna be a bear market anyway, but boy, the downward pressure exerted by these, you know, horrible black swan incidents have made it a really, really bad bear market. And of course, we've been here with you guys throughout it all. We've not abandoned you. We've not turned into bears. It was like a kick to the ass, a nudge, an elbow to your face, and then a kick to the crotch. And here we are. And the bear markets can be - Here we are. Here we go, sweetie. It was fun, fun times. Crypto goes up, crypto goes down. Or as our next guest would say, number go up. You mentioned that book right there. So we're gonna have a great conversation here with maybe my long lost relative, Tom Wright, who's been doing, who's an investigative journalist, gonna talk about what happened with FTX and SBF and CZ. And he's got his own podcast around that, multiple topics or multiple episodes. So you're gonna want to tune in. This is a pretty good interview, Mr. Joel Kopp. I think so. Let's let the people decide as they listen now. Unless you're living under a rock, you have heard the names Sam Bankman -Fried and Chengpeng Zhao, or CZ, of Binance. And you've heard about the fall of FTX. Well, Sam Bankman -Fried's big trial for basically making off with countless billions of dollars is coming up shortly. Scam bank man fraud, right? That's the guy. We have a guy with us today who is the co -founder of Project Brazen, a journalism -focused content studio. He's a New York Times bestselling author and Pulitzer finalist. And his name is quite similar to Travis Wright's. His name is Tom Wright. We're talking, it's two T Wright's here today. There's two TWs here today. And Tom, welcome to the Bad Crypto Podcast. Thanks for having me on. Yeah, tell us, just kind of give us a little more meat on the bones of your background and how that led you to this new podcast called Crypto Kingpins. Well, I was at the Wall Street Journal for about 20 years, Dow Jones and the Wall Street Journal in 2019 after writing a book called Billion Dollar Whale, which is about the one MDB scandal. That's the scandal where a bunch of money was taken out of a sovereign wealth fund in Asia and used to make films like The Wolf of Wall Street and for all these guys to party on this fraudster Joe Lowe's tab. Clearly people like Paris Hilton and big actors, Leonardo DiCaprio and others. And then the guy who I wrote the book with, Bradley Hope and I quit the journal and set up this company Project Brazen. And what we do is we make podcasts and we also write magazine articles and other things, books as well, that we use as the basis for adaptation into TV and film. So that's Project Brazen, that's a business. And our latest podcast is Crypto Kingpins, which we've done in conjunction with USG Audio, which is Universal's audio. And that just started rolling out last week and the episodes are running weekly on Tuesdays. And it's about the huge rivalry between Changpeng Zhao, who you mentioned of Binance, and Sam Bankman -Fried of FTX and how that rivalry played out and how it led to the downfall of SPF. And we went based on exclusive access to CZ himself. There was some interesting stuff that was going down with that. A lot of personality clashes and then just like, oh, CZ is gonna come in and save the day. Oh no, he's not. Because it looked like he got some, he was feeling the heebie jeebies. He was looking at some stuff and going, whoa, we better get rid of all of my FTT because this ain't working. And so this is great. We're talking about some of the big crypto frauds, right? That's what you've done. You know, actually, since Joel and I have not done this show as regularly here in the last couple of weeks because of travel, a documentary just came out about Ruja Igniktova called The Crypto Queen on 2BTV and I was in there talking about that. So I'm featured on that. So it's like, it seems like there's a lot of stuff going on right now and I'll put that in the show notes if you guys wanna watch The Crypto Queen documentary. But this is fascinating. There's so many bad actors in crypto. Hopefully we can get past this and only the good people remain in crypto. The fraudsters are kicked out. Hopefully all the good people haven't left and are chasing dreams in AI now. So hopefully there's still some good foundations here in the crypto space. Well, we got into this podcast because I'm based here in Singapore and for a long time, CZ was based here. And what he was hoping to do was get a license from the Singapore government. I mean, a lot of people were here. Do Kwan of Terra Luna was here. Carl Davis was here. The Three Arrows guys were here. Their yacht Much Wow that they bought, I think was supposed to be in the marina here but never made it, as you said. A lot of people getting washed out of the system. But anyway, I got to know CZ because he was living down in this area called Sentosa Cove which is a lot like Miami. You know, it's big mansions with a marina. And at that time, now what a lot of people do know about is what happened last November, which you just alluded to, which is when CZ decided to sell his tokens and that caused a world of pain for Sam Bagman Frieden FTX, right? But what people don't really understand is the degree to which CZ and SPF had interacted over time. People know that the Binance was one of the big first investors in FTX back in the early days. They took a 25 million stake for 20 % of FTX. But Sam really looked up to CZ. Obviously CZ and Binance go back to 2017 and Sam didn't set up FTX until a couple years later. And we show in the podcast how CZ first met Sam when Sam invited him to this party in an aquarium in Singapore in 2019. And he was just a trader, one of many traders. I don't think he was a VIP trader, but just a trader nonetheless on Binance. And so that's really when the story begins and that's how we start the podcast by showing that relationship and how it evolves and then all of the stuff in between that initial meeting and then what happened last November, which was what we call the kill shot. So he kind of went from being a trader to becoming a traitor. We're gonna talk about some of that political stuff that he did down the road, which was really crazy. It's like you look at some of this stuff, Joel, and I go, man, anybody else was doing some of this stuff where they hadn't have donated so much money to the political parties? There's no way that you get taken out of a Bahamas prison and then immediately brought to America and then released on a first class flight to fly back home to go be with your mommy and daddy if you've done this amount of fraud. So there's so many different nuances to this story. I can't wait to get into this with you. Well, the most amazing thing about that is he was released on a $250 million bail, which was I think the biggest ever bail in American pretrial history. But was it really? It wasn't really like they didn't actually pay that. No, their house is not worth $250 million. I didn't quite understand that it was backed by their house, but that was the, I think they judged him a very low flight risk based on how recognizable he is. Yeah, did they think that house would be a collector's item someday or something? With a future value of this home, yeah, that's crazy. So do this for us. When everything went down, kind of set the stage for what happened that day when this story broke. How much money were we actually talking about? How many people were impacted? And just how far did the ripples extend? Well, I think it's November the 2nd is when this CoinDesk article comes out, which basically says, look, the Alameda, which was Sam's hedge fund, FTX's hedge fund, its financial situation isn't all that it looks like because somebody inside the company leaked these documents to CoinDesk. And they showed that they were heavily reliant on FTT tokens, which were basically a cryptocurrency that Sam had made up and bought himself to prop up the value. And then if you took those out, they were about almost a half of the total assets of the hedge fund. And so at that point, CZ is pacing in his penthouse in Dubai where he left Singapore where I got to know him and he moved to Dubai.
A highlight from Evangelism - The Christian's Guidance
"Well, I'm all fed up. I'm telling you, you all have taken care of us, those that we've had the privilege to go to their homes to eat, those who took the house to eat, and we appreciate had some time fellowship with brother Johnson. And and I'll just be honest with you. I'm all fed up, but a good fed up by then. It has been a it's been a refreshing time for me and my wife to be here. Uh. We, of course, involved when you're in the ministry, it's it's not a it's not an eight to five job, it's a life. And that's what ministry is all about. But the pastor invited us to come over and my wife's very much involved in the school, still teaching. And I'll just say this about a couple of years ago. Now, she taught kindergarten for years. And last year we didn't have teachers. And so we closed three classes had to close our high school. We didn't have teachers and we didn't have a K5 teacher. So my wife, of course, she taught a year. She supervises the elementary department, kindergarten department. And so she said she told our administration, she said, I'll teach K5. So we're talking about it. And she said, you know, I got to thinking about it. What when these when these parents come in and they see this 80 year old woman teaching kindergarten, what are they going to think? I said, they probably think, man, I've got a grandmother that's going to be looking after my children. But, you know, it's still the ministry. You know, God, God uses people and it's been a joy and a privilege, but she's still teaching and training two teachers this year. And so we worked it. We had planned our hope that she wouldn't have to teach this year. So when this meeting was planned to come up, she had planned to come with me. And of course, she didn't know she didn't always get to travel with me. She's traveled more with me in the last couple of years than in the past. And so one thing that when we when she did say I'll teach K5 again this year, but she's working with a full time young lady that believes God wants her to teach. And so she's training her as she's teaching. And so she's usually there by 730 and gets home late after dark. So this has been a restful time for us. And I appreciate your pastor allowing us to come. And you all have been so gracious to us. And I know that my southern accent some of you may try to figure out what I've tried to say. Sometimes I try to figure out what I've said. You ever been talking and sometimes I'm past preachers would know this. You're preaching and all of a sudden something comes out and man, you say, well, that's good. Did I say that? And but I hope what we have said has been an encouragement. You know, I, I never want to go into another man's pulpit and say one thing that would cause him any problems. And I wouldn't want anybody coming in our pulpit and saying things. I only had that one time in all the years that I've been pastoring and having preachers come in and preach. I'll just share this brief story with you, because, you know, the pastor is responsible for what comes from this pulpit. And we had a man preaching come down one time and he had got converted. He was a disc jockey that got saved out of rock music. And so he knew the inside of all of the dangers of the rock groups and everything. And another another man had had him down. And so he asked me, said, But Daniel, we got a couple of nights. If you'd like to have him come and preach for you. Well, this pastor had him. And and so I said, yes, and we had him. And he really identified with the young people. And he he got up and preached some good messages. They responded to him. Well, about three years later, he got in touch with me again. He said, I'd like to come back to Puerto Rico. Now, I'm only remembering what he said the last time we was there. And I was very grateful for it. And so I said, yes, you could come back. This time he came back and he was preaching one night. I've never had this happen before. And I haven't had it happen since. But he was preaching. And again, I think sometimes preachers think they've got to say something that nobody else has ever said. So people think they're going to tell them something they've never heard. And so he was preaching and he was talking about demons. Now, I believe in demons. I believe the demons are real. We have we have encountered. Demonic people in our ministry. And so I do believe the real I don't go demon hunting. I'll just be honest with you. He read about over an act where they these people was going to cast out some demons and they said, Jesus, I know and Paul, I know. But who are you? And they beat him and threw him out of the house naked. I don't go demon hunting. I do believe in demons. I believe they're real. I believe they're very active in this world today. So he was preaching on demons, and he made this made this statement. He said, I don't have any problems believing that the Holy Spirit and a demon can share the same body. Everybody in our congregation, I can feel their eyes looking to me. I'm sitting on the platform. I didn't look at nobody, but I can see everybody's eyes went to went to pasture. So I didn't I widdly finished. And I got up and I had to say something like this. I said, Now, I appreciate our brother coming tonight and in preaching. And I said, And I know that he was talking about demons. And I said, He cannot teach all there is in the Bible about demons in one hour. And I know there's some confusion about a statement that was made. And so for the next few Wednesday night, we're going to talk about demon possession and the body of a believer in the dwelling of the Holy Spirit. Well, I think he knew that I couldn't leave what he said on unaddressed, but I wasn't going to get into confrontation with him there. And so you've got to be careful who you let teaching you. And he got up on me. Oh, he said, if I if I've caused any problems, let me let me straighten it out. I said, No, brother, I'll straighten it out. It's my problem. But you've got to be careful who you let come into your pulpit. And I know your pastor had met me and had heard me, but I appreciate him allowing us to come and trust in me in his pulpit because we are accountable to God, who we allow to stand up here and preach and people change. I guess you know that, too. There's been that I have once would preach with and preach for and have them preach for with me. But I can't do that anymore because they change. And so we can't do that. So, Pastor, thank you for allowing us to come. And thank you for putting up with me.
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"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 per ,000 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 range price 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.
A highlight from Dante Disparte Interview - Coinbase Stake in Circle, USDC Reserves BlackRock Fund, USDC Digital Dollar CBDC, & Stablecoin Regulations
"This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. With me today is Dante Disparte, who's the Chief Strategy Officer and Head of Global Policy at Circle. Dante, it's great to have you on the podcast. Great to be with you. Dante, I'm so excited to speak with you because Circle has been doing a lot of great things. I'm a user of USDC. I've interviewed Jeremy Allaire a couple of years ago, and you guys are doing a lot. So I have a lot of questions. But before we get there, let's start with your background. Tell us about yourself, where you're from, and where you grow up. Sure. Well, yeah, great being on. And it's always good to start with the humanizing questions. So I was born and raised in Puerto Rico. And currently I live in Washington, DC. So my partly personal, as you can imagine, this is a labor of love being in crypto, but also partly about the unfinished work we have around the world with financial inclusion and just making the global economy much more accessible for people. But yeah, very excited to be with you today and looking forward to the conversation. Sure. And tell us about your professional background, because I did notice you were at the Diem Libra project for a while, in addition to other companies. Tell us a bit about that. Well, don't hold any of that against me. In fact, my joke when I joined Circle, in fact, for your listeners, my almost informal interview was the money movement episode 10. Episode 10, I was still at the Libra Association, where I was the vice chairman and one of the founders of the project. Jeremy invited me onto the money movement, and we realized that not only were we wearing the same pastel -colored polo shirts, but we were finishing each other's sentence. So now with the benefit of hindsight, I could look back at that and say, this Jeremy Allaire guy is kind of sneaky because it turns out that might've been my job interview. So the transition from a Libra to a Circle, at least for me personally, in many respects, it's the same vision and mission. The difference is obviously Libra was aspirational, never launched. Circle is operational, and we now collectively as a company get to prove that trusted digital dollars on the internet is a thing. It's a breakthrough innovation, and it's impacting real world, real people, and the real economy in real ways. So if you don't mind me asking, was Libra Diem too early, and was it a different environment? And also, you mentioned the business practices, right? The books and the certain things need to be in order as with Circle. Was that kind of the gist of it? It was just early and the regulators had a knee -jerk reaction? Well, so my personal calculus as an entrepreneur in the earlier part of my career, but as a risk and resilience person throughout my career, my personal calculus was win, lose, or draw. A project of this potential scale would change, if not the arc of the conversation, in many respects, the arc of innovation and finance, right? That you needed, not only crypto needed, but the agenda for a more inclusive global economy needed something to shake the system up, right? And so in innovation, we talk about moonshots, and I think Libra was a proper moonshot. But around it, there were also very clear determinative barriers around who can and for permission versus forgiveness in financial services. And a lot of crypto projects have come and gone under the basis of not really respecting any of the pre -existing rules and regulations around moving money. But so it was a very healthy experience. And I found myself obviously to be an honest broker in a very, very complex multi -stakeholder project and conversation since. And what was your first encounter with Bitcoin and crypto? When did it first start for you? Did you hear from a friend on a forum? And what was your aha moment? Yeah. Well, I came at it, actually it was, believe it or not, on Necker Island. I was invited in 2017. I don't often get invited to billionaire private islands, but if you do get an invite, I would strongly urge folks to go. Except of course, with my rotten luck, the year I went to Necker Island, I went in my capacity as a risk and insurance person. This is in 2017. And as you can imagine, at that particular era, a lot of crypto companies were looking for the legitimization of insurance. Today, it's the legitimization of regulation, the legitimization of policy, et cetera. But for a long time, the industry's journey has been this legitimization, challenger innovation looking for insurance protection. And so I went pretty deep. I started an insurance company and went pretty deep down the rabbit hole in sort of understanding what were the risks. And if you could understand the risks and transfer the risks financially to another party, then there's a market around this innovation. Except the year that I went was the year that flattened part of Puerto Rico. And so my journey into the crypto economy was, what unfinished work does this innovation have with risk, resilience, financial access, moving money in better, cheaper, faster ways? Over that same period of time, I was an advisor on the National Advisory Council of FEMA, the Federal Emergency Management Agency. And I was one of the leaders on the FEMA sort of arguing that we need these innovations domestically inside of the United States to provide for better, faster, cheaper movement of money and disaster assistance. And so that's been my arc in this space ever since. And I'm pleased to say where I think we're making progress.
A highlight from 1387: One Bitcoin Will Be Worth $1 Billion By This Date - Fidelity
"Let's get it. In today's show, I'll be breaking down the latest technical analysis, as well as breaking news. Google Cloud to digitize El Salvador's governance, healthcare, and education, as well as Elon Musk's ex moves closer to crypto payments with their newest state license they just received, as well as breaking news. The SEC's first deadlines to approve seven Bitcoin ETFs are coming over the next week. We'll also be discussing Grayscale's roadmap to a Bitcoin spot ETF following the most recent SEC triumph, as well as Fidelity, one of the world's largest asset managers that currently control over four and a half trillion in assets under management are predicting a $1 billion price action for each Bitcoin. In fact, did you know they started accumulating Bitcoin all the way back in 2014, literally almost a decade ago? We'll also be taking a look at overall crypto market, all this plus so much more in today's show. 87. That's right. I'm your host JV. And we have a jam -packed session for you today. Looking at the market watch here, we can see Bitcoin after almost staying above 28 ,000. Unfortunately, it broke that support and we're back down to 27 ,200 at this time, but Ether also back in the red down 2 % for the day trading at just above $1 ,700. And checking out coinmarketcap .com, we're barely sitting above a trillion dollars, which is that milestone we've been sitting at for quite some time regarding the overall crypto market and about 34 billion in volume in the past 24 hours with the Bitcoin dominance at 48 .9 % with the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers of the past 24 hours, we have XDC up 8 % trading at 6 .4 cents, followed by TonCoin up 6 % trading at $1 .75, followed by BlockStax up almost 3 % trading just under 53 cents and checking out the top 100 crypto gainers for the past week. Yesterday was a sea of green as the price action pumped literally $2 ,000 in a span of 30 minutes off of the news of the SEC losing their trial versus grayscale with the conversion of the GBTC product into a spot ETF. But today we have corrected some with HEXB crypto greed and fear index. We're currently rated a 49, which is neutral. Yesterday was a 39 in fear last week at 37 and last month a 50, which is neutral. So there you have it. How many of you are currently bullish on the king crypto? Let me know. And how many of you are anticipating a lower price action so you can keep stacking them sats on the low? Holla at your boy. Now let's break down today's Bitcoin technical analysis. Check out the charts and what is popping right now in the markets. As you can see here, Bitcoin drifted towards $27 ,000, which again, we're just sitting above $27 ,200 at the time of this recording. At the Wall Street open, the dust settled on the digital asset manager, grayscale's legal victory. Here you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph showed a positive verdict for grayscale against US regulators, sparking almost 8 % gains. Bitcoin managed to tap $28 ,100 on Bitstamp, its highest in almost two weeks, before returning to the current level. So despite closing the daily candle above two key moving averages, these had yet to return as definitive intraday support. And on the day, analysts were quite cautious. In a quick take post from on -chain analyst Crypto Quant, he goes on to share, noting that the grayscale move had originated on derivative exchanges. So despite funding rates remaining fairly neutral, there was a clear absence of value. However, it is difficult to see that the spot exchange led the price increase when the Bitcoin price rose yesterday. The reason is that the trading volume ratio shows that it had decrease rather than increase. Now additional data showed trading volumes were still below those seen during the upticks of earlier this year, quoting them here. Of course, there is a tendency for prices to change significantly, even with small trading volumes, because of the overall liquidity in the crypto market, which has decreased. However, it seems that there is a need to be a little cautious about the fact that this rally leads to a dramatic rally. Now let's discuss many similarities to Bitcoin's all -time high. According to crypto analyst Brett Capital, quoting him here, we're seeing many similarities between the double top of 2021 and what we're seeing right now, he warned. Should the similarities play out and Bitcoin produce a full fractal, 26 ,000 would flip from support to resistance to initiate further downside. So for the time being, we're seeing a lot of signs really playing into all of this in which he reiterated alongside this chart. Now, another target analysts are talking about right now is 23 ,000 becoming increasingly important. Rec capital likewise flagged that level of 23K as a prominent level versus the 2022 bear market bottom structure and inverse head and shoulders pattern, as he mentioned here, that's the level that we can see the price rebound from. So there you have it. Let me know if you feel we're likely to drop sub 25 ,000, potentially touch 23 before rising back up. Or do you think we'll take off from here, off of one of the biggest news stories of the year, which is a big fat L for the SEC and a big fat victory for the entire crypto industry. Let me know your thoughts. And with that being shared, fam, now let's discuss breaking news coming out of El Salvador with Google, which is actually quite interesting. Yesterday, I saw Nigel Bokele made a tweet and this is what it was in regards to Google Cloud announced a new partnership with the government of El Salvador. Interesting, right? On August 29th to establish an office and provide Google distributed cloud services in their country, the partnership aims to digitize the country, update government services and improve the healthcare and educational systems. The GDC will also help bring infrastructure closer to where data is generated for El Salvador. Bokele, the country's president said he believes El Salvador is quickly becoming a hub for innovation. As he shares here, El Salvador is moving forward. We believe technology and foreign investment are key for development. And here's where he announced the partnership in this, I shouldn't say tweet anymore, but on this post on X quoting Bokele, Google plans to establish operations in El Salvador and he shared the official press release from Google. Now, Thomas Curain, the CEO of Google Cloud said he believes cloud computing can truly transform Latin America. As shared here, access to cloud computing has dramatically expanded across industries and regions throughout the world, he said, enabling both small companies and the public sector to utilize the very same apps and services as more mature markets. Now, Cointelegraph also reached out to Google Cloud for additional comments on its recent expansion. The additional GDC infrastructure will help support El Salvador's active stance on Bitcoin adoption and integration into society. It allows for Bitcoin full nodes with ordinal protocol support. And additionally, back on August 8th, a few weeks ago, El Salvador granted the crypto exchange Binance a license to offer crypto services to users in the country. Bitcoin had began as legal tender in El Salvador back in 2021. And recently the Bitcoin Beach Initiative took to the classroom and taught over 25 ,000 students about Bitcoin, helping them earn a Bitcoin diploma via the country's educational system. The country has already seen immediate returns on the program with the example of one teenager who earned the diploma and then returned to his former school to teach the educators about the digital asset. That's what's up. I think mass adoption is likely to continue, especially in places like El Salvador that are ahead of the rest of the world. And I think more and more major companies are going to be opening up shop because it just makes so much sense. Why wouldn't they? That's why Binance just got their license. Jack Mallers Strike Company just got their license. Bitfinex got their license and they're opening up shop. And I believe that the Bitcoin game theory is in full effect and will continue to play out as the days go by. And with that being shared, fam, now let's break down our next story of the day. As you probably know, major news was actually released yesterday regarding X, which is the platform owned by Elon Musk to integrate crypto payments. We made a pretty big development, so let's break this down before we dissect the ETF deadlines. Rhode Island's regulators have granted X, formerly known as Twitter, a currency transmitter license, marking a step forward for the company's foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money, a definition that includes both fiat as well as crypto assets. Now, this approval will allow for X to custody, transfer and exchange digital currencies. Now, X's Rhode Island currency transmitter license was approved on August 28th, two days ago, according to the nationwide multi -state licensing system, NMLS. The move marks an important step forward for Elon's push for X to become an everything app, which would include crypto as well as fiat payments. Now, naturally, social networks like X are massive, so this could help usher in that mass adoption. Now, while sources have suggested that X's upcoming payments feature will initially only offer support for fiat currencies, Elon had reportedly instructed developers at X to build the platform's payment system in such a way that crypto functionality can be added into the future. Yeah, if you're not integrating Bitcoin into your payment system, then do you even have a payment system for the future as Bitcoin is the future of money? Just saying. The approval comes nearly two months after X secured money transmitter licenses, also in Michigan, Missouri, and New Hampshire, which were well -approved on July 5th. X's latest license marks a total of seven American states it secured transmitter licenses in, so my guess is they're going to have to continue getting more and more licenses for all the states. It remains unclear exactly what financial offerings will be made available if and when X rolls out their payments feature. People familiar with the company's plans have indicated that X will initially offer fiat currency transaction services similar to PayPal, which Musk co -founded with room for future crypto integration. Do you think Bitcoin will likely be an announcement that they will be accepting crypto payments? I mean, who cares about Doge if you don't have Bitcoin integrated? So, I feel Bitcoin is a given if they're going to be integrating crypto and it seems to be going that way. But how do you feel this is likely to play out? Let me know your honest thoughts in the comments right down below. And now let's break down everything you need to know regarding the recent spot ETF deadlines for the United States and regulators. And after we discuss all these deadlines, we're going to specifically be talking about the GBTC Grayscale product, getting that victory over the SEC and what that means moving forward with the Grayscale Bitcoin ETF. And then we'll be dissecting Fidelity, one of the largest asset managers in the world, and their $1 billion Bitcoin price prediction. And then we'll wrap up with our live Q &A. So yeah, let's discuss this. The US SEC is facing its first deadlines to decide on seven spot Bitcoin ETF apps, with the latest being September 4th, which is what, virtually five days away amid its defeat to Grayscale Investments in the US Federal Appeals Court. Investment firm Bitwise will learn if its ETF will win the SEC's approval September 1st, which is what, two days away. While BlackRock, VanEck, Fidelity, Invesco, and WisdomTree will all be awaiting the SEC's decision for their funds by September 2nd, three days away, according to several SEC filings. So, that's right around the corner. It's going to be a big week. Meanwhile, Valkyrie is set to hear back from the SEC on September 4th. The US Court of Appeals ruled on August 29th that the SEC's rejection of Grayscale's app to convert their GBTC into a spot Bitcoin ETF was arbitrary and capricious. But this doesn't mean that the SEC must approve Grayscale's app or others in the future, says Bloomberg ETF analyst, James Safart. And in August 29th Bloomberg Review, he explained that Grayscale's win will definitely increase the odds of a successful outcome for the SEC. But he is unsure when that day may come though, as the SEC can delay his decisions and has two more proposed deadlines for each fund before being forced to make a final decision on the 240th day post filing. Now, what a shame it would be if they make us wait the 240th final day before giving an answer. But hey, don't run it by them. I mean, don't put it past them, especially with Mr. No Clarity Gary as the chairman. But anyways, for the awaiting applicants, the final deadlines for the SEC are all in mid -March of next year. And as someone shared here, odd and free, 99 .9999 % chance that the world doesn't know that the SEC has to decide on seven Bitcoin ETFs within the next three days. And this does include the largest asset manager in the world, BlackRock, Bitwise, VanEck, WisdomTree, Investico, Fidelity, and Valkyrie. The suits are at our doorstep per each. And how many of you weren't aware of that, that the decision within the next seven days is going to be on those seven major asset managers. Now, after the August 29th ruling in favor of Grayscale, the regulators have 90 days to file an appeal with the US Supreme Court or apply for an en banc review where the full circuit court can overturn a ruling made by a three judge panel. However, the SEC hasn't made clear what the next move will be. If the SEC doesn't appeal, the court will need to specify how its ruling is executed, which could include instructing the SEC to approve Grayscale's app or at the very least revisit it. But either way, Safer only saw two viable options for the regulator. The first option is to concede defeat and approve Grayscale's conversion of its GBTC as a Bitcoin spot ETF. But alternatively, the SEC would need to revoke the listing of Bitcoin futures ETFs entirely or deny Grayscale's app based on a new argument, says Safer, quoting him here, the second potential avenue is to deny on reasons not used before yet, which I have been saying for months could have to do with custody or settlements of Bitcoin, which is not something that futures ETFs have to worry about. The SEC has made a lot of noise around custodians. However, fellow Bloomberg ETF analyst, Eric Balchunes, considered the odds of the SEC revoked in the Bitcoin futures ETFs as highly unlikely because of the SEC reported openness to Ethereum futures ETFs, in which he makes a great point, quoting Eric here. This guy turned the last paragraph of Judge Rao's legal smackdown today into a MGMTS stylish banger, really captures the modern. Well done. Well, so there you have it. I guess this is some song I haven't even listened to yet. So I'll jam to it a little later on. We'll see if it's any good. But anyways, fam, how do you think this is likely to play out by the SEC? Do you think they're likely to approve any of these seven ETFs or do you think they'll just continue to push it back until next year? Let me know your honest thoughts in the comments right down below. Now let's dive deeper with the latest breaking news regarding the grayscale ETF and their conversion of their product into a spot ETF. And did you know that their product literally has over 600 ,000 BTC? Hence, they'd be the perfect candidate for a spot Bitcoin ETF because they already hold the underlying asset. They don't need to purchase it. So I mean, they'd be a prime candidate along with BlackRock. Which one will get approval first is the million dollar question, but let's break it down. In a seismic shift for the Bitcoin industry, the DC Circuit Court ruled in favor of grayscale investments yesterday, which is breaking news, which we've been hearing all across social media. Now, Jake Stravinsky, the chief policy officer at Blockchain Association, described the ruling as massive, emphasizing it's extremely rare for a federal circuit court to find an agency like the SEC in violation of the Administrative Procedure Act. Stravinsky stated that the DC Circuit soundly rejected the SEC's view that grayscale's ETF proposal was not designed to prevent fraudulent and manipulative acts and practices. So good for them. He also pointed out that the court did not order the SEC to approve the proposal, but rather mandated a review of grayscale's proposal with the court's ruling in mind. Stravinsky speculated on two possible scenarios for the SEC's next steps. One theory suggests the SEC could find another reason to include no clarity Gary towards crypto. And alternatively, the SEC might take this as a semi graceful exit from their anti ETF stance, especially under political pressure from traditional finance sectors ready for a Bitcoin ETF as we are long overdue. They first rejected the first Bitcoin ETF for a spot in the United States over a decade ago. And the app was from the Winklevoss twins with Gemini, just FYI. Now, many other issuers have proposed ETFs this year, include BlackRock and Larry Fink throws heavy punches in DC. Therefore, here's what the lawyer thinks. The only question is if the SEC wants to make this more painful for itself. Trust me, if there is another denial, there'll be another lawsuit. I strongly recommend that the SEC picks sooner. Let's see. Now, James Safart, the ETF analyst over at Bloomberg, corroborated the significance of the ruling stating it's a complete and utter rebuke of the SEC spot Bitcoin ETF denial orders. And quoting him here, I was initially thinking something like a deadline of 45 days or 60 days, but nothing in here saying that. However, he noted that the SEC has 45 days to file for that en banc hearing, which would involve all 17 judges on the court, good Lord, as opposed to the initial subset panel of only three judges. The Bloomberg analysts also outlined two main motions for the SEC. If they still wish to prevent the spot Bitcoin ETFs from listing, they either need to revoke the listing of Bitcoin futures ETFs or denied based on new reasons, possibly related to custodial or settlement issues, which have been a focal point for the SEC staff accounting bulletin 121. Now, Adam Cochran, partner of CEHV added another layer to the timeline speculation. He alludes to the SEC's pending decision on six other Bitcoins spot ETF filings due by September 1st for Bitwise and September 2nd for BlackRock, Fidelity and others. Here's what he had to share. Some folks are getting ahead of themselves thinking that grayscale decisions means bulk approval of ETFs by this Friday. Likely not the case. My hunches were looking at a late October, November timeline for an approval still, unless the SEC appeals in which case next spring. Now I'm not a gambling man, but if I was a gambling man, I just want to throw out there. I don't think the SEC has any intention to approve a spot Bitcoin ETF in the United States anytime soon because their actions demonstrate the complete opposite. The only thing they have interest in approving are more futures ETFs so they can continue to manipulate the markets through derivatives, which are financial weapons of mass destruction. Quoting Warren Buffett, it is what it is, but nonetheless, this is still a victory overall because they could only push it back for so long. And especially with BlackRock demanding, I shouldn't say demanding, but in so many words, they're the one that started this domino effect with new ETF apps arising with the SEC. They are the largest asset manager in the world, controlling over $10 trillion in assets under management. So I think if Larry Fink wants something, it's going to get done. But the million dollar question becomes when? I think they're going to push it back this year and probably spring next year, we're going to finally start to see the approval of spot Bitcoin ETFs in the United States. And as soon as we get that approval, that can help usher in literally trillions upon trillions of dollars that are currently sitting on the sidelines directly in to the best crypto asset in the world, which is none other than BTC. If you'd love to see that happen, let me know. And by what date or deadline do you think we're likely to get that first approval? And you already know once that approval comes, money is going to start ushering in and the Bitcoin price is going to go parabolic and in perfect time because we also have another major bullish catalyst around the corner. Six months out, the scheduled halving is estimated to be sometime in April of 2024. So between the ETF apps being approved by the United States regulators and the Bitcoin halving, I couldn't be more bullish on Bitcoin right now, which leads us to our next story of the day, which is going to be a $1 billion prediction from one of the largest asset managers in the world, which is Fidelity. Let's break this down. Then we'll dive into our live Q &A. Make sure to say hello in the live chat. Let me know where you're tuning in from. A massive shout out to everyone interacting. I greatly appreciate all the continued support. So here we go. $1 billion. That's a lot of zeros. That is nine to be exact. In 2021, a billion dollars seems like a lot of money. FYI, Fidelity initially made this prediction in 2021. I also want to point out here from some tweets, Fidelity head of sales, quoting them here, we started mining and accumulating Bitcoin all the way back in 2014. I bet you a lot of you did not know that. This was kind of under the radar, but they have been accumulating BTC almost for the past decade. So is this a surprise that they're predicting a $1 billion Bitcoin price by 2038? They're putting their money where their mouth is. But anyways, we have Julian Timmer, Director of Global Macro Fidelity, believing that one Bitcoin could be worth $1 billion per coin by the year 2038. Send it and let's go. Timmer also believes that the orange coin could hit $1 million before this decade is over, which means by the year 2030, roughly seven years away. So that would represent a 20X multiple, the current Bitcoin market price of 48 ,000. But now obviously we're half that price of what we was. So that would now be 40X. And I know anyone can make predictions like that, but Timmer lays out his cause using his own valuation model and another well -known model, which we all know here on the channel, known as the stock, the flow. Timmer's demand model is based upon Metcalfe's law. Metcalfe holds that as the number of users of a network grows linearly, the value of the network grows exponentially. Thus, if the number of users doubled, its value would grow at four times or the square of two. Now Timmer's demand model grows steadily to about $1 million by the chart. Now, by contrast, now let's discuss the stock to flow model created by synonymous analysts. Plan B is based on the supply of new coins growing at a decreasing rate each year. This occurs because of the built -in happenings every four years. So given increases and adoption and demand, the result will be prices expanding exponentially. Indeed, the price of Bitcoin has grown approximately 10X every four years. Take that, Peter Schiff. These are facts, not just by 50 % slowdown in supply, pretty powerful stuff. That's right. Now, stock to flow predicts even faster growth in the price than does Timmer's demand model, especially after the year 2030. As I commonly cover here in the show, the stock to flow model is projecting roughly a half a million dollar Bitcoin price past the halving in 2024. In fact, the model shows a very wide array in their expectation, anywhere from a hundred thousand to a million dollars, with a half a million being dead in the middle, hence in a couple of episodes previously, if you missed it, we discussed Plan B's most recent prediction, which he shared on his YouTube channel, that he believes the Bitcoin price will be north of $530 ,000 per coin proceeding the Bitcoin halving in 2024. But let's get back to this math. This is the stock to flow model you're looking at right here. Now let's go back over here. This is some more insights. Timmer stated the value of the dollar changes in relation to other assets. And he further pointed out that just a dollar invested in stocks in the 18th century would be worth $4 billion in today's money. Isn't that insanity? Talk about super hyperinflation. So going by this assumption, $1 million in today's money can be worth a billion dollars in 20 years time. Good Lord. You better start stacking them now, fam. So changes in the dollar's value, especially depreciation over several decades, render the same amount with less purchasing power, which is why huge sums back then appear less by today's standards. For instance, $1 million can purchase a lot of significant things a few decades ago, but in today's perspective, reasonably higher end houses in the US cost between, I would say $200 ,000 and $500 ,000. The same $1 million may not suffice for the same class of houses today. This is a fact. Just here in Puerto Rico alone, I've seen the real estate market literally shoot up 100 to 300 % since moving to this island roughly four years ago. And that's not just an exception to the rule. It's all across the United States, hyperinflation. I mean, check out the rent prices. That will give us some insights to the true nature of inflation. You can check out Zillow, check out real estate five years ago in comparison today, and you'll probably see something quite similar. But anyways, there's an increasing number of billionaires across the globe. Facts. Some observers even believe we may see the first trillionaire in this lifetime. I think it could potentially be CZ, the finance CEO, or even Michael Saylor of MicroStrategy. Now, the same applies to organizations with several companies now passing the $1 trillion mark valuation cap. Fidelity previously pegged Bitcoin to hit $1 million in initial prediction made by Jerry and Timmer by the year 2035. However, he ultimately said, we're way too conservative. Let's move this target on up from $1 million by the year 2035 to $1 billion by the year 2038. So there you have it. Do you feel the Bitcoin price can likely exceed their conservative target of $1 million by the year 2030 within the next seven years and hit as high as $100 million to $1 billion per coin by the year 2038? Let me know your honest thoughts in the comments right down below. 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.
A highlight from Episode 117 - Gitcoin Grants 18 Special!
"Welcome to the Crypto Altruism Podcast, the podcast dedicated to elevating the stories of those using Web3 for good. I'm your host Drew Simon from CryptoAltruism .org. Now before we get started, a quick disclaimer. While we may discuss specific Web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice and please make sure to do your own research on investment opportunities or any opportunity, including its legality. And now, let's get on to the show. Welcome, welcome to episode 117 of the Crypto Altruism Podcast. We have a special one in store for you today because it is Gitcoin season. It is the 18th Gitcoin Granting Round which is unbelievable, so in this episode we are going to focus exclusively on Gitcoin and the current Granting Round. It will be a Gitcoin variety show in a sense, so I hope you enjoy listening to it as much as I enjoyed producing it. We're going to start off with a short overview of Gitcoin for those who aren't as familiar with it as well as an accessible introduction to quadratic funding, the super innovative matching funds mechanism behind Gitcoin grants. Don't worry, it's not as complicated as it sounds. We're then going to highlight 10 incredible projects in this round with short clips from a member of their teams, introducing their project and the inspiration behind it. For more information on each of the projects, definitely make sure to check out the show notes for links to their grants. I've personally supported each of these projects with a small donation and certainly encourage you to do the same. And I of course have to take a quick moment to shill our project as well, because that's what Gitcoin season is all about. For our project, which is in the Web3 Communion Education Round, we have an ambitious plan to grow crypto altruism into an important tool for onboarding nonprofits and changemakers to Web3, and we need your help. We are developing a Web3 changemaker toolkit that will give nonprofits everything they need to leverage Web3 tools, whether it's accepting crypto donations, engaging in an NFT fundraising campaign, tracking impact with blockchain, or developing a DAO to grow their movement at the grassroots level. We'll also be publishing a special 10 -part podcast series, with the first episode coming out only a couple days after this episode. In this podcast series, we'll focus on case studies of nonprofits who have successfully used Web3 to advance their mission. I won't go into all the details right now, but make sure to check out our show notes for a link to the full proposal. We'd be honored to earn your support. Anyways, let's jump right into the episode. For those who don't know, Gitcoin Grants is an incredible platform that allows individuals to propose Web3 public goods projects for funding, and allows community members to donate to projects they care about. But what is truly amazing about Gitcoin Grants is that it uses a cool matching mechanism called quadratic funding, which means that projects with the most widespread community support get the most matching funds as opposed to a straight dollar for dollar amount. In essence, by making a small donation, you're placing a vote for the projects that you feel deserve the most matching funds. To explain it a bit better than I am, I can't think of anyone better than Connor O 'Day, Grant Ops at Gitcoin. So I'm going to share a short clip from episode 94, where we had the pleasure of chatting with Connor and learning about quadratic funding. Quadratic funding is a way for individuals to express their interests and allocate funding within their communities in a more democratic and pluralistic way, which amplifies donations made by a large community rather than which essentially weights donations from a large amount of people over a small group with, you know, that were wealthier can make big donations. Right. I guess the way we like to phrase it is quadratic funding is a mathematically optimal way to fund public goods in a democratic community to kind of take a step back. The way it works is we'll raise a matching pool of funds and then run these donation rounds for a fixed time period where anyone can donate to a project they want to support and that donation hurts matching. But the signal from 100 people donating one dollar to a certain project is much stronger than the signal of, you know, one or two or three people donating like a thousand dollars. So it sort of weights the community preferences of the majority higher than, you know, the preferences of like the most wealthy. A big thank you to Connor for that excellent explanation. Now that we've got a bit of an understanding of the Gitcoin Grants process and quadratic funding, let's dive into some of the incredible projects participating in this round. To kick things off, we're going to start with Solar Foundation, whose mission is to accelerate access to off -grid solar energy for underserved communities in emerging markets. To introduce her project, we have a short clip from Colleen Chase, who is actually an OG in the Gitcoin community as well. Take it away, Colleen. Hi, I'm Colleen Chase, co -founder of the Solar Foundation. Did you know that according to the IEA, over 600 million people in Africa lack access to electricity? Imagine a world where everyone has access to clean, renewable power, especially those in traditionally underserved climate vulnerable communities in Africa. That's the mission of the Solar Foundation, to harness the power of the sun plus the power of blockchain to accelerate access to off -grid solar power and work towards achieving SDG number seven, universal and clean energy access by 2030. At the Solar Foundation, we believe that decentralized clean energy is a public good. Through our work in Uganda, Nigeria, and Puerto Rico, we've seen how off -grid solar solutions have a profound impact on people's quality of life. Are you looking for meaningful climate action you can take today? Help us fund access to more solar energy. Donate to the Solar Foundation's grant in the GG18 Climate Solutions Round. Thank you to Crypto Altruism for featuring our project, and please check out our partners too, Iowaca Uganda and Helpers Social Development Foundation. Together, we can bring light, power, and climate resilience to those who need it most. Wow, what an incredible project. Next up, I'm excited to introduce a project that has a very important mission of increasing indigenous people's agency within Web3, and that project is Micellia.
A highlight from 1376: This Will Send Bitcoin to $1,500,000 - Cathie Wood
"In today's show, we're going to be breaking down the latest technical analysis, as well as Michael Saylor, MicroStrategy and Bitcoin, three years after, now at 153 ,000 BTC on their balance sheet. We'll also be discussing Bitcoin's secondary scare now playing out, warrants top analyst Benjamin Cohen. But how low will the Bitcoin price plunge? We're going to be discussing that. As well as one catalyst which can trigger the Bitcoin price to explode by more than 450 % predicts fund strats. Tom Lee will also be discussing rich dad Robert Kiyosaki predicting Bitcoin rising to a million dollars per coin and gold hitting 75 ,000 while silver hits 60 ,000. If the world economy crashes, we'll also be discussing Cathie Wood confirming her one and a half million dollar Bitcoin price forecast for the king crypto. 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 rumble channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome everyone. This is podcast episode number 1376. I'm your fearless host JV and today is stacking Saturday, it's August 19th, 2023. Let's kick it off with our market watch as we do each and every day. We got Bitcoin still in the red unfortunately, but maintaining that 26 ,000 support. We have Ether and many of the alts back in the green, but barely after one of the biggest bloodbaths we have experienced in several months, we have Ether maintaining 1600 and it's just above one trillion. So the entire crypto market cap right now is only a trillion dollars. Isn't that insanity? Now there's 26 billion in volume at the past 24 hours with Bitcoin dominance currently at 48 .1 % with the Ether dominance at 19 % even and checking out the top 100 crypto gainers in the past 24 hours, we have SUI up about 16 % trading at 55 and a half cents, followed by Hedera, HBAR up 11 and a half percent trading at six and a half cents, followed by AKT up 11 % trading at $1 .55 and checking out the top 100 crypto gainers for the past week. Finally, we have many of the alts back in the green, but we have to keep in mind the massive bloodbath with over a billion dollars worth of liquidations practically in the past 48 hours. So naturally a lot of these altcoins are bouncing back after 20, 30 % losses and checking out the crypto greed and fear index, we're currently rated a 39 still in fear. We were in fear yesterday at a 37 last week was a 54 neutral and last month a 56 in green. Greed. So there you have it. How many of you have taken advantage of this recent dip? Please do let me know. BTFD and Staccanem Sats, dollar cost averaging is the name of the game, especially if you're in this for the long haul and also want to ask you where my long -term hodlers at, make some noise in that live chat. Now we're going to do our technical analysis a little bit different today. Why not try something new? And yes, I got some color to my skin because I spent the day at the pool here in Puerto Rico yesterday with my daughter and it feels good. Soak it in those sun rays, free vitamin D, D3. Why not take advantage of it? But anyways, now let's break down our technical analysis. I'm using trading view today. You should be able to see this on your screen. Let me know in the comments. We're going to do the one day right now. It's a sell signal. Sell says 14 neutral is a seven and a buy is a five and you're going to check out these oscillators right here. It says buy and then you have the moving averages is a strong sell signal. You're going to see why here in a moment. Let's start with the oscillators, which you should be able to see on the left on your screen right now. Relative strength index we commonly cover, which is the RSI is a buy signal. The commodity channel index is a buy signal. The momentum indicator is a buy signal. The MACD is a sell signal. The Williams percentage range is a buy signal. We got some neutral signals, but let's check out these moving averages. Check it out. Sell, sell, sell, sell, sell. Everything virtually says sell for moving averages except the whole moving average. I'm not even familiar personally with that metric, but all the major ones, the exponential, the simple moving average, et cetera, all in the sell zone. Very interesting to say the least, but I want to know how many of you took advantage of this dip or are you expecting and anticipating the Bitcoin price to drop even lower? If you're one of those expecting a lower drop, how low would the Bitcoin price likely go? Let me know your honest thoughts in the comments right down below. With that being shared, now let's break down the latest with Michael Saylor and MicroStrategy because it was exactly three years ago today he got his infamous Bitcoin position and now today they hold over 153 ,000 BTC on their balance sheet, which is no joke. Some say when Bitcoin hits new highs, Michael Saylor is going to be amongst the richest persons in this world. That wouldn't surprise me whatsoever, especially with his attitude of there is no second best and continuing to accumulate Bitcoin and never selling, he said, for hundreds and hundreds of years to come, so we shall see how that plays out. All I know is Michael Saylor and MicroStrategy is the smart money, Cathie Wood is the smart money, and I like watching the smart money and not listening necessarily to what they say, but more importantly, always watching what they do. I'm watching you. You know what I mean? Anyways, fam, let's break it down. MicroStrategy's co -founder and executive chair, Saylor, who served as the company's former CEO for over 30 years, continues to remain bullish on Bitcoin three years after his publicly traded business intelligence company decided to make its first Bitcoin purchase. That's right. If you missed the memo, Michael Saylor, his company MicroStrategy was the first publicly traded company to put Bitcoin on its balance sheet. Saylor also made a big price prediction for the asset, believing it could exceed a million dollars per coin. I say that's conservative because I've covered Michael Saylor predictions here on the show of him talking about a $14 million Bitcoin price. Real talk. Now, MicroStrategy made history and headlines. It was August 11th, 2020, virtually three years ago after becoming the first publicly traded company to purchase Bitcoin. The firm initially hinted back in July of 2020 about its plans to invest in assets such as Bitcoin or gold rather than holding cash as a way to escape inflation, with the company later deciding to buy Bitcoin worth a quarter billion, 250 million, and adopting it as a primary treasury reserve asset. And how many of you remember the infamous quote where he compared keeping cash on the balance sheet as a melting ice cube? I'll never forget that personally. And according to Saylor at that time, who was MicroStrategy's CEO, the decision to go for Bitcoin was made because of the crypto, served as a better hedge against inflation and had a higher return on investment compared with other assets. Now, that purchase marked the beginning of several investments amid the crypto's volatile price movements, causing the company to hold a large Bitcoin stash. And in June of 2023, Saylor announced that the business intelligence giant bought 12 ,333 more Bitcoin for $347 million, making it one of the company's largest purchases in a single quarter since second quarter of 2021. And as of July 31st of this year, MicroStrategy officially holds 152 ,800 BTC, which the company said was purchased for roughly $4 .5 billion at an average price of $29 ,672 per BTC. Now the business intelligence software firm is the largest corporate holder of Bitcoin. Besides corporate holders, we have the Grayscale Bitcoin Trust, and they literally control over 400 ,000 BTC, just FYI. Meanwhile in a December 2022 SEC filing, MicroStrategy revealed it sold 704 Bitcoin to generate tax benefits. The sale was a first for the company with the action contrary to the previous statement by Saylor, who said that MicroStrategy would never sell any of its stash. Now Saylor is known as one of the biggest Bitcoin supporters and has continued to promote the asset as far superior to gold, which is fact, calling it digital gold. However, he has not always not been pro Bitcoin. I mean, there was a time it was actually against it. There's an infamous tweet dating back to 2013 stating it would suffer the same fate as online gambling. Meanwhile, online gambling seems to be soaring and thriving better than ever before. And the same thing with Bitcoin. Go figure. Even not a rocket scientist can be right every single time, right? But Saylor's view on Bitcoin has since changed and you got to respect he had the balls to change his opinion publicly. How many people like Peter Schiff refused to ever change their opinion, regardless of how wrong they clearly are. You know what I mean? Now the MicroStrategy executive chair in May of 2022 said the Bitcoin price can go into the millions per coin while stating it is the future of money. We know this is a fact. The following month, Saylor predicted Bitcoin price would skyrocket to a million dollars. And later in September of 2022, the exec said the crypto could be valued at 500 ,000 in the next 10 years if it matches the market cap of gold. And for context, Bitcoin's market cap is currently roughly 570 billion, while gold is currently estimated to be $12 .8 trillion. Now also, Saylor seemed to be unfazed by the ongoing enforcement crackdown on the crypto sector by the SEC, stating the regulators actions could benefit Bitcoin by boosting the asset's price and increasing its market dominance share to 80 percent. Could you imagine Bitcoin continuing to eat these altcoins kind of like Ms. Pac -Man? You know what I mean? I think it's likely to happen in just a matter of time. And Saylor, who served as the CEO of MicroStrategy for 30 years, left his position in August to become the company's executive officer, with MicroStrategy president Fongli serving as the CEO. The American business exec explained that his new role will help him better focus on the firm's Bitcoin acquisition strategy and related Bitcoin advocacy initiatives. So there you have it. The man just wants to focus on stacking more sets. You can't blame him. Much power and respect to him. Shout out to Michael Saylor. If he is one of your favorite Bitcoiners, do let me know. And which one of your favorite Saylor speeches? One of mine is, there is no second best. There's Bitcoin. And you got Bitcoin. Shout out to Saylor. Anyways, fam. Now let's cover our next story of the day and discuss when do you feel the bottom will be in for Bitcoin? Do you think the bottom is already in at 15 .7 or do you think we have lower to go? Let's see what some of the top analysts have to say. This is Benjamin Cohen. Cohen tells his 800 ,000 YouTube subs the current crypto downturn is in line with a pattern that occurs every four years. Quoting him here. The idea behind the secondary scare in crypto comes from the fact the S &P 500 tends to get a correction in August for September of its US pre -election year. As we know, we have a big presidential election in the US next year along with that having. So if we were to look at the 2023, you can see the S &P is in fact getting this correction, which we talked about. The S &P 500 is down a little over 5 % since the start of this month. And according to the widely followed strategist, Bitcoin has plummeted by between 39 and 83%. During the previous secondary scares, quoting him here in 2019, once the secondary scare got underway, once we got below the 20 week moving average, right, or the weekly candle that led us below it, Bitcoin dropped yet another 61%. This one, 2015, was about a 40 or 39 % drop. Then in 2011, you had an 82 .5 % drop before we actually finally bottomed out in the secondary scare. In all three cases in the pre halving year, the S &P dropped in quarter three of the pre -election year, and then Bitcoin entered into a downtrend for a while. And we have three examples, one where we went down about 80%, one where we went down about 40%, and one we went down about 60%. So on how long Bitcoin could fall going by historical precedent, Cohen outlines three scenarios, quoting him again. If it's a 40 % drop similar to 2015, 40 % drop puts Bitcoin at $17 ,500, OK? That would be the lowest. This would basically correspond to his 2015 move that would put Bitcoin at $17 ,500. A 61 % drop, which is what we experienced in 2019, would put it at around $11 ,400. And an 80 % drop would put it much lower, which I will say, I don't think it is going to go nearly that low. And to watch this video he did entitled, Bitcoin, the Secondary Scare Has Begun, check the show notes below the video in the description. And what are your thoughts? Do you agree or disagree with the analysts? My personal thoughts, the lows are already in. They were in a long time ago at the end of last year. We hit that $15 ,700 level. I personally am very skeptical that we'll ever see a sub $20 ,000 Bitcoin price ever again. But I could be wrong in the same token. That's my personal opinion. Is that OK? I'm just telling you how I really feel. I think it's a great discount to take advantage of buying Bitcoin right now, considering the all time high in November of 2021 was roughly $69 ,000. So you tell me the math, where are we at, like a 60, 70 % discount from the top? Not too shabby. I would be stacking stats like there is no tomorrow versus, oh, let's sell my entire Bitcoin stash and buy it back at $15 ,000. What if you're wrong? We don't go sub $20 ,000 and you lose out on a massive position. That could happen as well. I don't like gambling. I'm in this for the long haul and there's nothing like the real thing, baby. And that's the fastest horse in the race. That's the king crypto. We call it VTC. And with that being shared, fam, now let's discuss an $180 ,000 Bitcoin price prediction by the one and only Tom Lee of Funstrat Global Advisors, managing partner Tom Lees, is one of the catalysts which can spur the Bitcoin price to hit. Six figures is going to be Bitcoin ETF approval. Let's break down this Bitcoin ETF, because that's what everyone is talking about right now, right? Quoting him here from this interview, he says, if the spot Bitcoin ETF gets approved, I think the demand will be greater than the daily supply of Bitcoin. And so the clearing price, this is done by Sean Farrell, who is our crypto digital strategist, is over $150 ,000. It could even be like $180 ,000 per coin. A spot US because a spot Bitcoin ETF is approved outside of the US. When they asked him, do you think there will be a spot Bitcoin ETF? And with Bitcoin currently trading at what, roughly $26 ,000, that means he's predicting an appreciation between 467 % and 580%. Let's go send it. Now, on Bitcoin's likely price action, if a spot Bitcoin ETF fails to win approval in the US, Lee shares the following, they're still upside because of the halving next year. Yes, so you have a drop in supply again, so the clearing price has to increase, but it won't be six figures. So he's ultimately saying if we don't get the ETF approval, we can still go to six figures eventually, but not as soon as we would anticipate with the approval of a Bitcoin ETF. So according to the Bitcoin bull, the Federal Reserve's monetary policy going forward will impact crypto assets, quoting him again from this interview. Crypto is dependent on monetary policy, so if inflation is cooling, then we can start to bet on forward financial conditions, easing, and the central bank easing sooner. That's bullish for crypto as well as alternative assets. To watch this video he did on this interview, inflation is on the glide path towards sub 2 % by the middle, check the show notes below the video in the description. Let me know if you agree or disagree with Tom Lee, virtually predicting that the Bitcoin price will likely see 150 and 180 ,000 per coin between that range coming up here in the near future. And again, I'm going to read everyone's comments out loud, so please let me know where you're from and any comments or questions, address them right now in the live chat. Now let's discuss Robert Kiyosaki, the famous Rich Dad Poor Dad author, and his $1 million Bitcoin price prediction, followed by the one and only Cathie Wood of ARK Invest with her doubling down on her $1 .5 million price prediction and how she got to those numbers, you know, dates, et cetera, and everything that comes along with it, and then we'll dive into our live Q &A. Massive shout out to Kiyosaki, Rich Dad Poor Dad was a very influential book in my young adulthood, which absolutely impacted me in a positive way. So give kudos and flowers when they are due. In a tweet on Monday, Kiyosaki explained that while he expects the price of Bitcoin to reach $100 ,000 per coin in the near term, he believes that it can soar to a million dollars, while gold will rise to $75 ,000, I take it he means an ounce, and silver trade at $60 ,000 an ounce if the world's economy crashes, noting, he has been saying for years, that gold and silver are God's money, while Bitcoin is people's money, and he also wrote the following, bad news, if stocks and bond markets crash, gold and silver skyrocket, worse news, if the world economy crashes, Bitcoin will rise to a million dollars, gold to $75 ,000, and silver to $60 ,000. Now would you consider this bad news? If the markets crashed and Bitcoin skyrocketed to a million dollars, that'd be the best news of my life besides the birth of my daughter, just saying. He added that us savers who hold the US dollar will be called fake money, they'll be in serious trouble, noting that the US national debt is way too high, preach. Kiyosaki often said that gold, silver, and Bitcoin are his preferred investments, emphasizing they are the best for unstable times, and following his warning about the global recession, he cautioned in May the world economy is on the verge of a collapse, the renowned author predicted in February the price of Bitcoin would hit $500 ,000 per coin by 2025, the year preceding the halving, and while gold will soar to $5 ,000 and silver will hit $500 during the same time period, he recently started saying that the price of Bitcoin would $100 ,000 this year in 2023, and $120 ,000 next year in 2024, which is the same prediction made by Standard Chartered Bank, and FYI, guess who is the primary shareholder of Standard Chartered Bank? You guessed right, it's BlackRock, and did you know that BlackRock owns even a large piece of micro strategy? That's right, so they're already indirectly invested into Bitcoin, just pointing that out. This week, he urged the investors to buy silver before it's gone, noting that it is more affordable than gold. Kiyosaki has been warning that the US economy is headed for a crash landing, he previously said that America is bankrupt and warned of hyperinflation, the rich dad author has been cautioning that a giant crash is coming for quite some time, many, many years, right? Moreover, he warned that the US dollar will die as the BRICS nations, which include Brazil, Russia, India, China, South Africa, and like 20, 30 plus other nations, plan to launch a common currency, and it's gonna be interesting to see how this plays out and what currency that they select. Could you imagine if BRICS adopted Bitcoin as their currency? Hmm, wouldn't that be a game changer? And also, there's other parts of the world right now with hyperinflation occurring in real time, I think Bitcoin is the only savior, just as it saved El Salvador, and if you translate El Salvador, it translates to the savior, go figure, could it be a coincidence? All by design. Let me know your honest thoughts, fam. And now let's break down our final feature story of the day, that's Cathie Wood of ARK Invest and her prediction of a one and a half million dollar Bitcoin price, send it and let's go, in a forecast case study released in February. Let me know if you can see the screen, I know the text is a little smaller on this particular article, but let me know in the chat, please. ARK Invest presented three scenarios for the crypto market until 2030. The bearish one suggests Bitcoin will just rise to 260 ,000. Not too shabby for a bearish scenario, send it, let's go, while the bullish one foresees a surge to one and a half million dollars per Bitcoin, and in the interview with Bloomberg this week, Cathie Wood said the team's confidence in the bullish scenario has increased. That's great, she's gaining more confidence, let's go. And as you can see outlined here, Bitcoin to likely scale into a multi trillion dollar market, you can see the bear case with a 2030 price target which shows 258 ,500 in this graph on the left, and then followed by that, the base case by 2030 represents 682 ,800 Bitcoin. I'd love that personally, I love all these targets, but could you imagine Bitcoin really hitting 1 .48 million, virtually 1 .5 million by 2030 in a bullish case, I most absolutely can see that happening. Wood believes Bitcoin will continue to establish itself as an insurance option against inflation. And that everyone will want it at the end of the day. Cryptos protect wealth from outright confiscation, great point, inflation and the risk of loss to third parties when stored or transferred. With the adoption of cryptos and the regulatory and legal framework in place, interest in Bitcoin will grow exponentially, I agree 100%. The SEC being flooded with applications right now to launch Bitcoin ETFs clearly indicates the same. ARK Invest teamed up with 21 shares and applied documents ahead of investing giant BlackRock, so they're actually first in line. The SEC has accepted this and other submissions as indicated in public records. A decision is due on 13th of August, but unfortunately, that decision ultimately shared that they were going to push back the decision now until I believe the first quarter of 2024. So sadly, there will be no Bitcoin spot ETF approvals anytime soon this year in 2023. That's the bad news. But some experts agree that BlackRock's participation increases the chances of a positive outcome existing crypto funds have already experienced an influx of capital from institutional investors not seen since quarter four of 2021 when we hit that all time high with over 700 million dollars invested into Bitcoin in just four weeks. So there you have it. And also, you can see here Bitcoin spiral for your cycle and you can see it shows you the bottoms, the halvings, and this is actually a pretty cool chart in this cycle with a record in 2026 Bitcoin will reach the maximum in the range, which is one hundred thousand to a million. I know that's a very wide margin and kind of the same as Stock the Flow model creator Plant B predicting Bitcoin being somewhere between one hundred grand and a million dollars after the halving. And in the next cycle, with a peak in 2030, the price will range from one million to ten million dollars per coin. Well, if you'd like to see a ten million dollar price action, let's freaking go. Now it's currently unknown whether the ARK Invest team was guided by the theory of cycles, but potential investors should consider that forecast and mathematical models give only a idea conditional of further changes. So there you have it, fam. How many of you are in agreement with Cathie Wood of ARK Invest that we likely to see that million dollar Bitcoin price or even above one and a half million by the year 2030, which is roughly seven years out? Let me know your honest thoughts in the comments right down below. 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.
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. 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 rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .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.
A highlight from Legally Pay Less in Crypto Taxes!
"Would you like to get paid to listen to this podcast grab the fountain app for free and get all our badness But earn some sweet Satoshi's download for free now at fountain FM Imagine paying only four percent taxes to the government for your business income and now imagine paying zero Capital gains taxes for all of your crypto gains. Well, I don't imagine it. I'd live it Legally, sir. Lord Travis is super busy today so you've got me and my guest Davin Michaels here to discuss how the tax situation that I mentioned is real life and How you can surround yourself with high performers that may help set you up for a very profitable Future by joining us on the high seas. Yarr sound exciting Ahoy, matey come along with us on this ride for episode number 693 of the bad crypto podcast Welcome to the bad crypto podcast Sir Lord Joel come here with you Travis Is getting ready to do some globe trotting and he's got a lot of stuff to do. He's very busy right now And so I'm rolling solo today, but not truly because I've got a guest with me he's an old friend and We're just gonna jump right into the interview because there's two things that I want you to walk away with as you listen number one how to pay less Taxes legally and not just crypto taxes, but any type of gains taxes on your stock portfolio taxes on your precious metals gains crypto and more and I want to invite you to come along with us on a vacation on the high seas. You're gonna love this Let's listen in As You know Sir Lord Travis and myself have been living in Puerto Rico now for over two years It's it's been really interesting met a ton of incredible people, but one of the gentlemen who is Responsible for me being here is an old friend. His name is Davin Michaels Davin's an entrepreneur he's a crypto guy and He was on episode number 382 of this podcast a little more than three years ago But you might not know it because he was on the same show as dr. Ron Paul Dr. Paul, of course was the headliner and then there was like oh also Davin and I wanted to give him the spotlight today because we've got a lot of really interesting things to talk about Davin Michaels welcome back to the Republic of bad cryptopia, sir Mr. Joel calm my dear friend of almost 15 years. It's great to be here with you Mika No, I think it might be longer than that. I think it might be too if we had met around 2007 it's it's 16 years. Yeah. Yeah, we just taken it your way for me. I'm sorry about that We just celebrated the 15th year of one to three employee. I was shooting a commemorative video for our employees So that's 15 years there Wow And for those of you watching the video version on YouTube rumble or Odyssey that is a real background Davin lives really a big stones throw away from me right on the harbor here in Palma still Mar and It's a beautiful day. It's a hot day But you know, what's mind -boggling to me is here We are closer than the rest of the states to the equator and they've been having a worse heat wave Then we've been having yeah, not too bad here. Not too bad. Nice breeze Beautiful paradise all year long. Yeah So for those of you that really want to go deep on the Puerto Rico connection and the tax benefits I recommend you go back to the episode. We recorded three years ago. It's bad co dot in 382 we'll have that in the show notes for this particular episode as well But I want to touch on it Devon before we get into some other things today Including we're gonna be talking about so you guys want to stay tuned for this an interesting opportunity To go on a cruise with us in April. That's a little teaser for you let's let's start out with the overarching benefits of why Americans are moving to Puerto Rico Yeah, absolutely so Puerto Rico is a territory and if you are a u .s Citizen and you jump through the legal hoops and you make Puerto Rico your legal home In other words, you live here at least half the year then you essentially pay almost no tax So we pay four percent federal income tax We pay zero percent capital gains We pay zero percent in dividends and it is truly a game -changer a dear friend of both yours and mine and neighbor of So many years John Lee Dumas who is an unbelievably successful podcaster JLD always says I work 4 % of the year for the federal government and 96 % of the rest of the year for myself. He said he works the first couple of weeks of the year for the government then that's it and That's that's a big game -changer. So we lived in LA where we were paying I don't know between You know corporate and federal and state and I think I was paying about 63 % in taxes and it was just absolutely ridiculous And so we first moved to Vegas got rid of the state tax and then eventually moved here and got rid of most of it But there's so many more benefits, too So for example, one of the greatest benefits is is deal flow and you were talking about that a few minutes ago The amazing people you meet here because you got to be a mover and shaker to do this You know, you you have a tax situation, right? You need to save money. You're doing well in addition to that To pick up and move to a territory You have to be a pioneer which you are such a pioneer and you you and I both have that pioneering spirit as does Everybody over here. And then what happens is you have to spend at least a half a year in paradise. It just sucks Right. I mean look at this. It's just so hard, you know, so it's gorgeous here all year long There's great food great people and the actual people who live in Puerto Rico actual Puerto Ricans Are some of the loveliest people in in the world. They will just give the shirt off their back for you They are so nice. So wonderful and I'll give you an example You just walk down the street and people are saying good day to you. Good day. Good day Good day. Well, we leave we travel and and people aren't speaking to us like saying like greeting us on the street We're like gosh, you know you get used to this, right and then we greet people and they look at us like we're crazy But there's also a lot more benefits than just tax benefits. So so the way all this works is Puerto Rico is a territory. They have their own tax authority and it's not the IRS It's hacienda. And so if you're a bona fide resident of Puerto Rico, that's who you're paying your taxes to you're letting the IRS Know what you're up to but you're paying hacienda And there's all these other programs that are available to they used to be a whole bunch of different acts They've now put them under an umbrella called act 60 when Joel and I got into this It was called act 2022 and we were just two of those acts but now act 60 brings them all together and Just to give you some examples of some of these acts I have a car that is a plug -in hybrid It only gets 19 miles on a charge. Okay, it's just it's just a token thing But because it has a plug I was able to import it here tax -free and save 30 % in taxes There's an entertainment tax here. My cousin Danny was just here shooting a Pilot for Amazon. She got a 40 % tax break of which you can you know cash in that tax break at 97 and 19 to 99 cents on the dollar so it's essentially cash back There is a hospitality credit if you have like an Airbnb that has at least I think it's seven or eight beds and baths You get 40 % back over four years Many of you who might live in the u .s. Might be familiar with Opportunity zones where you get amazing tax benefits Well, 98 % of this entire island is an opportunity zone and this list just goes on and on I learn about all these new incentives all every day and I don't know all of them But in a few minutes, we're gonna talk about one way that I'm gonna both you and I are gonna learn all about them And by the way, Joel My guess is you don't know about all of them either. No, I don't I know, you know act 60 That's that's what I'm here on and it's you know, what you say is so true I came for the tax breaks. Yeah, and I did have friends already. I knew you and I knew JLT and Had visited in fact I think that we you're recording the last time you were on the show was when I first visited you In February 2020 the episode came out the the following month and we were going to move Yeah that May and then kovat hit and everything became more complicated and we put it off for another year But I'm really glad that I pulled the trigger when I did I came for the tax breaks But I'm staying for the community I have never in my life and I'm approaching 60 ever nor in a community like this of high performers of creative people of good hearted people and you have everything in where we live in Palma del Mar from Thousandaires to billionaires and from hanging out with people you wouldn't know the difference of who you're hanging out with Because it seems like the egos are largely checked at the gate and people were all here kind of for the same reasons Yeah, it's a yeah for sure. Sorry to interrupt. It's but yeah, it's like kind of a flip -flop and t -shirt community, right? So how are you gonna be flexing? You know what I mean? So it's nice. It's nice people do check their egos at the door I think for the most part there's all of these Groups that were in and signal and what's happened. There's always something going on You know, I've become a pickleball enthusiast since I've moved here. Erin is a big golf Enthusiast and you know, we we live on the golf course So holes five and six of the palms course are right behind our condo And the beach is right outside the door. And so it's just there's always something to do We're going somewhere tonight. Are you are you joining us tonight? What's going on tonight? I don't know Okay Yeah, check check with your social director. I'll check with mine. Yeah, but Like you said I've never experienced anything like it except on like television, right? These little you know, these TV shows that take place in this little small town Everybody knows each other and they're all like best homies, but I've never experienced in real life until moving to Puerto Rico I think part of it is you know when you're in the city like we came from Denver To somebody's orchestrate calendar with yours in multiple couples calendars to get together. It's a big deal It's an event here. There's so many people and so many friendly people that it's like hey, what are you doing for dinner tonight? Hey, we're having you know karaoke at our place this weekend we're going to the beach club on Sunday and and people just continue to get together to the point where We have now had to since we've been here vacations with Groups people of from here So we basically just pack up Puerto Rico and we put it on a cruise ship and take it on the road and we'll talk A little bit more about that here soon. By the way, are you going to Rustin's a rip your float party tomorrow? Yes, I am But we have another party simultaneously, so we're gonna be jumping back and forth So Let's you know, we kind of hit on the governmental programs the things that are available here And we'll try and find a website for you guys that has all of the different acts so that you can take a look at Those let's talk a little bit about some of the the services on the island and the things that people are working on Yeah, so what's interesting is well, okay. So let me start with my own personal experience. So I always I Felt that when we came here we were gonna approach this as we are a guest in this Territory and and so I don't you know, try to push my opinions or agenda on anybody and My goal was to make this place a better place than when I got here Right to make a difference and make an impact and I like I kind of an impact jump junkie so I really like that and a lot of people are doing the same thing here and You know, you could you could actually come here and say I'm not gonna do any of that I don't want to have any impact I'm just gonna do my time and so on and so forth and you would still impact the economy because you'd hire a ton of people to help you with a bunch of different stuff and you put a lot of money into the economy and so I'm involved in a lot of projects here One of my favorites is I am a member of PMPR partnership for modern Puerto Rico which is the think tank that was created by Alberto backo who's the former secretary of commerce to Puerto Rico and He actually if you came in on our program act of 2022 several years ago He would have signed the decree because it was he and his regime if you will that that that ushered in act 2022 And it has had such a huge impact on the on this island So many things are happening I'll give you an example in this enclave that we all live in There has not been new development here in two decades in 20 years because it was overbuilt in the heyday prior to 2008 Now there's new construction here And people are benefiting one of the things that is included in the act 60 program not in my decree But in the current decree is that you have to buy a property within two years You can come here you can rent a place.
A highlight from Real Estate Agents: How To KNOW If You Are Going To WIN or Lose
"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. Three, two, one, and we are back. We have a really great topic for all of you today. This is a, I think this is more of a coaching than a training podcast because really what this is designed to do, the content for today's show is designed to force you all to be very introspective about what your early warning signs are. That's right. So how do you actually know if your business is headed for a big slowdown? Will your income fall off a cliff in 60 or 90 days or 120 days, or will you actually stay in momentum? Well consider the fact that before there were reliable seismometers, earthquakes were even more destructive than they are today. Entire cities were built on fault lines and there would be no warning before destruction would ensue. So let's make this into a story, okay? So if you're living in Southern California, oh, it, by the way, it turns out Puerto Rico. Oh, okay. Who knew? Quick fun story for all of you. So when we moved to Puerto Rico in 2019, oh, we knew about the hurricanes and the hot summers. Yeah, we knew about occasionally the electrical grid and the water would stop working and all the rest of it. But what we didn't know, and for those of you who think we're smart, this will clear the air on that point, is that it turns out the bottom of Puerto Rico by this beautiful little town called Ponce is also a really, you know, ancient fault line. You know, not like there's new fault lines, but you get the point. So this fault line is known to occasionally not just to have like one, this little jarring earthquake, but it'll have a little earthquake followed by hundreds of other earthquakes. It'll awaken basically. So here we land in Puerto Rico in 2019, we're all excited to live here and it was a big deal and our family and dog and the whole nine yards. And then the electric goes off and then the water goes off. And then there's earthquakes that went on for what, two weeks? Literally every day for nearly a month. And these were not little ones either. These were the kind that you notice. Yeah. So when we're using this example and you're in California or Puerto Rico or like a lot of the places on planet earth, you know what a seismograph or seismometer is, is truly what it is. And it's just something that tells you it's a predictable, it's a piece of scientific equipment that's going to predict how big the earthquake is going to be. And so when you're thinking about the notes from today, think about that. So if you had a way of a mechanical device, let's say a piece of scientific equipment that could look into the future and can pay attention to the tiny little gyrations that are happening in your foundation, right? In your personal foundation and based on the frequency and the depth and all, you know, just different things that we're going to share with you on today's podcast that would shine light on really what was in your future as far as whether there was going to be a big earthquake, no earthquake at all. So keep that in mind as we're moving forward. That's right. And for those of you who have never actually experienced an earthquake, I have something for you too. Another analogy being that we grew up in the Midwest. Before tornado sirens, tornadoes would hit and nobody would have time to hide in cellars or basements. There was no warning to take action. And another analogy, and then we'll get to our five early warning signs that you can write down and maybe add some of your own. Before planes and pilots had the ability to detect and report turbulence to the planes around them, turbulence would seemingly come out of nowhere and surprise the passengers, wreck their lunch and freak everybody out. But now they have onboard weather radar and better reporting so they can warn everyone and steer around those disturbances. I find that to be much more comforting. I'm sure you do too. Yes. Because we can remember some of our early flights were like that. Weren't like that. I mean weren't. Yeah. Didn't have the warning. So fortunately now we have seismometers, tornado sirens and turbulence indicators. But what are your early warning signs? How do you know when you're getting off track before you're actually experiencing your own turbulence, earthquakes or a tornado to your income stream? Now if you were a coaching client, this is exactly what we tell you to do. We'd ask you to write out, write down what, and we're going to go through these to give the sort of, I think give you a basis for determining what your early warning signs are. And then when you, maybe you write all five of these down or maybe you come up with your own, write those down and you're going to post that in your work environment. Coaching clients, we'd have them write these on a three by five card, post it in their work environment, maybe post it on the refrigerator, post it everywhere so they can constantly be checking themselves against these early warning signs. You guys get it? Everyone likes to write down dreams and have goal boards and have, you know, dream boards and have all these other types of things. Well, what Julie and I figured out was if you actually had a list of the things that you need to be looking out for that are things that you must be avoiding, that that actually is even more powerful than having, say for example, the vacation to Disney world that you're planning on taking your family to. So Julie, five early warning signs, you're headed for a crash or maybe not crash, but maybe you're headed for a disturbance experiences. Indeed, and we're going to do those five common early warning signs and the solutions. Now remember guys, this is just trading though we are going to get into the weeds a little bit more than we normally do on today's show and if you're wanting to seed the notes for today's podcast, just scroll down there on iTunes, Spotify, everywhere you can possibly imagine. The notes are there waiting for you. Scroll down and when you do, please also join premier coaching. We've have thousands of agents that joined premier coaching every single year. Now why are so many agents joining premier coaching because the next natural step in your real estate career? It is the real estate community that you want to be part of as we frankly enter into this new real estate market even deeper because we're going to be in this cycle for a long time and you might as well be locked into other people that are on the same sojourn as you who are following a proven path to success because of this market. So scroll down, click the link to join premier coaching and it's 100 % for free and you do have immediate 30 day access to all premier coaching, including a daily semi -private coaching call with a Harris certified coach so go ahead and do that now and yeah, that is your next natural step. All right Julie, five early warning signs. Early warning sign number one you might experience when or if you've started to blame everyone and everything for your lack of momentum, the market conditions, your broker, lack of inventory, higher interest rates or what parties in office or for some of you unfortunately you might be using all of those. So here's the solution, put down your blame thrower and embrace these affirmations. If it's meant to be, it's up to me and I'm a doer. I do things now. I get things done. In other words, take control back. It's nobody else's fault. You can control your outcome. In a world where it's become normalized, really not to take responsibility for much of anything because it's always somebody else's fault, a good starting point is to take a radical approach to assuming everything that happens to you both good and bad or by your own creation and this is a great example because frankly it overstates it, but let's say for example you're driving your car to a parking lot. Every time I tell this story, I always remember the parking lot in Georgetown where the Starbucks was. Yes.
Monitor Show 16:00 08-06-2023 16:00
"And streaming platforms like Roku, Amazon Fire TV, Samsung TV Plus, and more. Find our Bloomberg Business Week podcast at Bloomberg .com, Apple, or wherever you get your podcasts. The latest edition of the magazine is available on newsstands now at Bloomberg .com and always, of course, on the Bloomberg Terminal. Have a good and safe weekend, everyone. For Madison Mills and Carol Masur, I'm Tim Stenebeck. Stay with us. Today's top stories and global business headlines are coming up right now. This is a Bloomberg Money Minute. The latest liquor poised to go high -end is rum. Yes, rum. After seeing the markets for collectible and rare whiskey, bourbon, tequila, and mezcal explode in the last few years. People are into it and it's been kind of a little bit the forgotten category in terms of collectibility. That's Ray Iles, executive wine editor at Food & Wine magazine, who says rum, best known as a mixer in cocktails, now has top makers like Bacardi in Puerto Rico, Mount Gay in Barbados, and a handful of Jamaican distillers putting out premium aged batches or expressions of rum that can cost hundreds of bottles. If it follows the same kind of flight path as bourbon, then there's going to be a boom in aged single barrel expressions. So could rum be the next big thing? There's always something that's going to be next and rum is certainly well -placed for it. Tom Busby, Bloomberg Radio. Nearly one in two U .S. adults have high blood pressure. That's why it's important to self -monitor your blood pressure in four easy -to -remember steps. It starts with a monitor. Be next to Dr.
A highlight from 1360: The War Against Bitcoin - Permanently Banned From YouTube!
"In today's show, I'll be breaking down the latest technical analysis as well as breaking news. It is official. My YouTube termination is permanent. YouTube claims they made the right call without providing me with any evidence of any violations because they are full of it. This is a direct matrix attack against Bitcoin content creators, simple and plain. That's right. There is a war against Bitcoin content creators on YouTube. I know from firsthand experience, I'll be breaking this down for you. We'll also be discussing the latest from MicroStrategy. They say to stay on Bitcoin course, even if the spot ETF is not approved, according to Michael Saylor, and also he just recently BTFD'd, which is awesome. We'll also be discussing the individual charged with money laundering amidst the hacking Bitfinex back in 2016. I'll be breaking down this latest report, as well as sharing with you the calm before the rampage, a sign that Bitcoin is about to go on a huge run, according to crypto analysts. Invest answers. We'll also be discussing a massive pump incoming for Bitcoin. Can you say God candle all this plus so much more in today's show? Let's get some noise in the live chat. This is podcast episode number 1360. Let's kick off today's show with our market watch. As you can see right here in your screen, Bitcoin back in the green, trading at 29 ,300, up 0 .4 % for the day, with Ethereum also in the green, trading at 1 ,844 bucks. Now checking out coinmarketcap .com. The current crypto market cap stands at 1 .17 trillion, with just over 28 billion in volume in the past 24 hours, with the Bitcoin dominance at 48 .7%, back on the rise, with the Ether dominance at 19 % even. And checking out the top 100 crypto gainers in the past 24 hours, you can see XDC leading the pack up 12 .5%, trading just above $0 .08, followed by Optimism up 7%, trading at $1 .74, followed by Curved Out Token up 5%, trading just above $0 .60. And checking out the top 100 crypto gainers for the past week, we have XDC, PLS, and HEX currently in the green, while a lot of the major alts are currently still correcting and in the red. And checking out coinmarketcap .com, one of my favorite indicators, I mean the crypto green and fear index, my apologies. You can see we're currently rated a 52, which is neutral. Yesterday was a 53, last week a 51, and last month a 64 in greed. So there you have it. And those just joining us, let me know you can see and hear me loud and clear. Be sure to comment in the live chat, as I'll be monitoring the live chat on my phone throughout this live stream. And with that being shared, let's kick off today's show with Bitcoin technical analysis now that we completed the market watch. And then we'll dive right into the war against Bitcoin, and while no Bitcoin content creators are safe on YouTube, as I've officially been permanently banned for the rest of my life From that platform, we're going to be diving deep into why that is. And we have a whole lot to share regarding what's going on in the markets naturally as we do each and every day, seven days a week. So the show must go on. Let's kick it off. As you can see here, checking out the Bitcoin charts, Bitcoin dipped below 29 ,000 this morning, August 3rd, as the market concerns over the largest global exchange Binance reignited Bitcoin price downside. Data from Cointelegraph and TradingView showed Bitcoin heading lower before a modest come back into the Wall Street open. Rumors over new U .S. legal action against Binance made for a disappointing 24 hours for the Bitcoin bulls after a brief trip above 30 G's. It's like we're struggling to maintain above 30 G's, right? With the trading range still firmly in place, monitoring resource material indicators forecast a further bearish support retests to come. As shared right here, want to know what changed on the Bitcoin daily chart in the U .S. overnight hours? According to trend precognition algos, the probability of a downside move in the daily timeframe increased from 75 % to 84%, expecting a test of support at the trend line. And he also says if you're surprised, confused, or think the bidirectional volatility is over, you haven't been paying attention. And quoting popular trader Dan Crypto Trades, the past few weeks have been all the same. Number one, price grinds down. Number two, shorts get aggressive. Number three, shorts get squeezed. Price goes up. Number four, spots start selling. And number five, the price rolls over, rinse and repeat, until spot starts bidding after these squeezes. We'll just keep doing these full retraces. That's right. And quoting Crypto Quant, I have heard about the bank run insolvency risk on Binance 100 times for the year, but their usual balances always tell a different story. And as outlined right here alongside these charts, now Bitcoin volatility prepares to undercut stocks, including gold. So let's discuss this. According to the Bitcoin Historical Volatility Index, weekly volatility was headed towards record lows seen at the start of this year of 2023. As outlined here in the Bitcoin Historical Volatility Index one -week chart, this chimes with existing comparisons to January with the Bollinger Bands data, likewise echoing the period immediately prior to Bitcoin's quarter one breakout. Here's what Dylan LeClair had to share on crypto Twitter. I should say X crypto or crypto X, now that it's no longer Twitter, just FYI, 10 -day realized volatility for Bitcoin near the falling below average of stocks, bonds and gold. So there you frickin' have it. With that being shared, fam, welcome again to y 'all just joining us and tuning in. Now I want to discuss being banned permanently for life from YouTube. I created my YouTube channel initially almost six years ago. I think it was back in 2018 when I relocated from Florida to Puerto Rico and I started posting content virtually every day. I had roughly 1 ,800 videos which took roughly six years of content creation, which got me above 56 ,000 subscribers. And as many of you know from the previous episodes, I woke up and it was all gone. Without warning, without any strikes, I just woke up to an email saying YouTube ultimately terminated my account. So I went through the appeal process, which is how it works. You get to appeal and I put in my appeal and they basically said they reviewed the appeal and they aren't going to change their mind. They said I am now banned permanently for life. So here are some of the tweets I've recently shared on X so you can see what is going on behind closed doors and then we'll dive further into the news stories here in the crypto market. But this is more relevant than ever because after having this platform called YouTube for six years, I no longer have that platform. I have been ghosted as if crypto news alerts never existed over the course of the past six years. Also, let me know how that makes you feel. Shout out to Zap Crypto Cow. If you get a frozen screen, all you need to do is refresh and it should work for you just FYI. I appreciate the support from everybody. Much love and much respect. So here we go. Let's dive into what happened. So I shared this morning on X. It is official. My YouTube termination is permanent. Team YouTube claims they made the right call without providing me with any evidence of any violations because they are full of it. This is a direct matrix attack against Bitcoin content creators. Simple and plain. I also asked them, yo, Team YouTube, the least you can do is give me all my videos back temporarily. An example, maybe for 24 hours so I could at least sync them over to Rumble. Let me know if you're willing to do that and which they are not willing to do. Just FYI. I also shared there is a war against Bitcoin content creators on YouTube. I know from firsthand experience being terminated under false pretenses after almost six years of dedicated content consisting of eighteen hundred videos, they terminated me without warning. However, the same content over the years has been syndicated on every major podcasting platform and never once have I violated any policies on any platform for creating harmful and dangerous content as they allege. I believe I was targeted by YouTube because of the purity of my content. An example, my devout faith in Bitcoin and my disgust towards the central bankers and forces of evil. I teach my followers to unplug from the matrix, opt out of the corrupt fiat money system and resist the slave mine. This is why I am perceived as a threat to the powers that be. So there you have it. I also shared it only took me five years and eighteen hundred videos to grow my YouTube channel, which was terminated at five a .m. three days ago under false pretenses for allegedly repeated violations of harmful and dangerous policy, which is false. Speaking about Bitcoin considered harmful and dangerous now, what the heck? And I wrote for the record, my YouTube username is Crypto News Alerts and never once have I ever received a violation, a strike or a warning for violating any YouTube policies. I share crypto news seven days per week in a live stream format. I have never produced any harmful or dangerous content. And then this morning I wrote, I was told that I would get a response to my appeal. And then they said, hey, if you missed it, we replied right here. So here's what they wrote in case you missed it. Let's see. They wrote this. I'm going to click on it. They're claiming I violated this policy. So let's read the policy and what the heck it says. I'm going to refresh here.
Eric Welcomes Legendary Boxer George Foreman to the Show
"Let's start with this, George, if I may call you, George. You had an experience and in most of these interviews, you won't get the time to tell that story. Would you tell us the story of what happened to you in the dressing room? You were, first of all, the frame things for people, you were at the top of the game, heavyweight champ of the world, everybody's writing about you. Everybody knows who you are. And then things go south, things go badly and one day, something happens to you after a fight in 1977. Would you start with that? Jimmy young. Going out to same one Puerto Rico because the solicitous a little by my number one contention ship. All I have to do is win that box and match, but I want to prove to the world I could go 12 rounds. After the fight was over, he got the decision, but he didn't matter to me. I had proven what I could do. I went to the dressing room to cool off, walking back and forth and thinking like I always did, you don't just sit down after boxing match. You George Foreman, you got everything. You don't have to worry about the stupid boxing match. You could go home and retire there and die. I never heard such things. Within a spit, all that time, I'm fighting off death. I heard about athletes dying in dressing rooms after football game, but not me. I had too much to live for. I fought for my life, and at the end of the day, I had a voice within me say, you believe in God, why are you scared to die? And I wore the freight. Everybody talked about God, but hey, believing in it, you know, what's the deal? I didn't know that was really religion. I just thought it was something for poor people to hang their hat on because everybody had known who had religion depressed people also husband or wife or money. And something I wasn't going to get into that, but I walked trying to shake off death. You believe in God. So I try to make a deal because I had this money, you know, I said, look, I'm still George Foreman. At that time, I knew it was God. I can still fight and give money for cancer and for charity. And I heard a voice within me say, I don't want your money. I want you.
Will my computer automatically update for daylight saving time?
"An hour of sleep this weekend as standard time comes to an end. The transition to daylight saving time comes at 2 a.m. Sunday across most of the country. We lose an hour of sleep and need to be careful not to be late for a Sunday morning event. But we gain more daylight in the evening in the months ahead. The time change is not observed in most of Arizona. Hawaii, Puerto Rico, the U.S. Virgin Islands, and some Pacific territories. An Associated Press norc center poll found most people in the U.S. don't like switching between standard and daylight saving time, which will end November 5th
"puerto rico" Discussed on Latino Rebels Radio
"Out of here. Where do we go? You know you're born listen I can't know exceeds the limits of your thighs then I peed on me got no plan in my house the point in my sleep but I don't think there's anything I need a movie not to know but let's go inside I lost his gun through him on my second last minute got no plan in my eyes the way that. I know I love him such I know I like it sometimes. I don't put some sunglasses and then they never put me down. They're lucky we'll make out nowhere in my eyes no way they might I saw you take me there in my life and I lost my money like I was in my eyes I'm not blowing up something I know what I can think of some other one of you don't make up. The way this bad for people and all my. Saving out it's gonna fully be solemn but I ain't gonna lie but I ain't gonna cry it's three 5. But he looks at him. But he has what I did before. Sorry lost my love something. You lost my love so good. The opinions expressed by the guests and contributors in this podcast are their own and do not necessarily reflect the views of futuro media
3 tourists stabbed in Puerto Rico after being told to stop filming
"Authorities in San Juan Puerto Rico say three tourists were stabbed early Monday. I Norman hall. The three tourists are from the U.S. mainland police say the attack happened in a renowned seaside community known as la perla, which is popular with visitors, police say the confrontation began when one of the tourists who lives in South Carolina began videoing a mobile hamburger cart and was told to stop and leave the area. Two of the tourists remain hospitalized, including one who was stabbed 6 times, no one has been arrested, the attack happened nearly two years after a tourist from Delaware was killed and set on fire after
Crypto Market Snapshot for February 5, 2023
"Timestamp is the 5th of February two three. It is 1210 p.m. Atlantic standard time for those of you that don't know why we say that. It's because we live on the island of Puerto Rico. That is AST, which is one hour in front of EST, the total crypto market cap $1.1 trillion, Bitcoin, $23,089, Ethereum 1645 B and B three 27, XRP 40 cents, cardano 39 cents, Dogecoin, 9.2 pennies, and in the number ten slot having a really nice week is polygon at a dollar 21. Some of those are some really great coins, right? You know, it's like not financial advice. Clearly, but yeah, man, when this next bull run hits, how high do you think Matic polygon is going to go? Do you have any idea? I'm going to say 5 bucks on the next ball run. Man, I tell you what with all that stuff they're doing in the partnerships they have and the Walmart deal and some of this other stuff. It just seems like they're rocking and rolling. Other companies that are random, by the way, pulling a number out of my ass. What do you think is going to go to? Let me see. I think it could. I mean, that's always been my sort of thought projection as well as like 5 to $7, potentially. I mean, it depends on how they're building and they're doing epic stuff and have epic partnerships. So again, not financial advice. Singularity net up a 117% this week. That's pretty huge. Render, the R&D are token. I've not heard of that. It's up 43% immutable X, up 36%. A very optimistic about this next one, optimism. That's up 35%. Phantom up 28%, the graph up 25%. Shiba Inu, up 24%. Now what's crazy about this to me is that they're building a pretty big ecosystem over there now for Shiba Inu. It's not just a joke token. They're literally said, oh my God, we just made billions of dollars. Let's maybe build something. Let's build some shows, I guess,
"puerto rico" Discussed on Bloomberg Radio New York
"What else is going on in New York and around the world. Good morning, Michael. Good morning, Amy, Ukraine's president has laid out his case against Russia's invasion at the United Nations General Assembly and demanded punishment from world leaders. Volodymyr zelensky spoke in English during his video address. The UN charter stipulates the value of human rights, dignity, and life. So lenski says that his forces would not stop until they had reclaimed all of Ukraine. The Trump organization is calling a ruling from New York's attorney general harassment. AG letitia James is suing Donald Trump three of his children and the organization for $250 million saying there's evidence of potential fraud including his Manhattan apartment in Trump Tower. Tripling the size of the apartment for purposes of the valuation was intentional and deliberate fraud, not an honest mistake. Mister Trump was intimately familiar with the layout of both the building and the apartment having personally overseeing the construction of both. AG James says there are also allegations of insurance fraud, bank fraud and tax fraud. An additional team of New York City employees will head to Puerto Rico to assist emergency officials after hurricane Fiona. Mayor Eric Adams says Puerto Rico was devastated by the storm. We know we have to get through this together. Millions in Puerto Rico, the Dominican Republic and neighboring countries without electricity as flooding and Muslims recede and leave a path of destruction in their wake. Fiona now a category four hurricane is now taking aim at Bermuda. Citigroup CEO Jane Fraser says her bank is considering opening hubs in New Jersey and other parts of the tri state area for employees to work at instead of commuting into New York City. More from Bloomberg's Charlie Cullen. Speaking at a House financial services committee hearing, Frazier said, we very much appreciate how expensive it's getting for our people to commute, adding that her bank is keenly focused on the issue and family care flexibility. Fraser noted that Citigroup, which has long been one of the most vocal about allowing for remote work, even after the pandemic recedes, is looking at facilities and Connecticut and New Jersey alike as a way to ease the burden of commuting. In New York, Charlie palette Bloomberg, debris. Newark airport will soon no longer be listed as a New York
"puerto rico" Discussed on No Jumper
"Yeah we different wanted. Polio meyer mental or scared. Any of some concern ca ganzi. The temple must be my length or care lengthened. Then there are axiomatically la until like the our applicant. They had a cheesy says dancer. One the is gonna be gone. Gone bad for our better known multiple. A trump won the momentum. Going either all our janka mouring thirty eight different people in an kraut okay. Yeah that's is crazy. Forty million views and a weaker. Some shade goes democrat. You go your phone and say l. L l graphically to my loud you say. Low in the cycle and tama ziemba is rare. You know said well you've got to eat quotas. Today's new gop disasters are okay and some odd shelvin come on the less tanto artiste. My all round the starters. But as while tony well in a sense gore grondahl to gretzky ya and essentially. Og canasta see. Guess malcolm presentable lovely own only on one he wondered how indianapolis dan you on my. Get your men. When i guess is like the you know the fanatic okay gave roebuck portal on your read but a look at the legal. You'll do our going to lumpur minute. Don guy open sunday. See no do i with buddy mentor. Komo komo own the automobile he down the woman in the opera little busy now and then and then got the hand oregon conde dinner not gonna sell any good but i knew what i eat inova in nba note i. It'd be in the face. He did one wonder. Your is located the needles implement. Then you're on as one young woman. The gazelle no matter. Then they'll be see tino got the of the hamas will come on. Esl parlamento meal pizza nobel. Subaru goolagong implementers all numero bernardino rental economic. But what keeps you motivated to keep going because you know i would assume that you're pretty comfortable financially obviously famous folk one of the most famous artists from your country and shit. What do you like. What actually makes you wanna keep working whereas a lot of people might just chill mind illegal in canada and then they checked rounds gwenda milligram on our on. Our pharma do go mobile. So you who element. Then he don't whoever mabul ios or allah in like a your own legal thin e oil. Normal passer no marijuana's don't get you can only go authentic. Then they here who are gonna let me be better now has people. Do you feel like you're actually in competition with the new generation of artists who are probably mostly inspired by you the west l. then latinos on nora temperament and then but a blessed on saddam and does he and to kris k. a. to here's gala era though status is maas open minded but again can come on air condos sales si si your mom mahabharata mom the loyalty tuchus outta demilio. Okay get your mind. Then why would they say. What's the difference between the girls in puerto rico versus girls. In america was odd linda. Propylaea muthu was a. He said that the toxic food here he could've hundred commodity non-fox. Komo's say komo hit the hit that many almost lavery welcome combat benito essa meal the gwendolyn been tinto polygamy book or motel nor we wanted to vinyl so what highly anthem on the element says we are. We own. lower child does c. area meringue. Are we on multi panel muneer khumalo alpha. You're gonna get gone up in the nacionalista. How you see. Mona only do to him to get the money productive. But i will go one hundred. He said that because he the neela would. Anita calculus easily brought on on a lot of burgundy chemical chairman. Then they knock a camera. Pay i e then i i want you to some questions. You'll via out your on the about compared compare here so good. Yeah go ahead break on mobile zone. The your element that samper any of them Colorado the way i can tell implement the normal daria. Guess you bill. We're hook and easy emperor than a gissan. Make hauling get masika madyan they cannot get the rallies throat. The these young indian memento around the much about that. I get us look. Look look you the e applaud alabama harry how his life bottle on. Nss on day. Get a review. The mother likes relax. Egomaniac do yoga therapy on the moment you. You'll get a yogi hit moment. Hassles to guess. gordy komo temple perfect about the diameter time. You wanna go see down. Swain dog thin but see get on the buses on and then the inaugural whole into ghana throughout the didn't they say don't say if what if we meet my momentum down. Are you going to retire. The puerto rico tyre somewhere else and i lot hills memorial e can puerto rico baseball's brandon goal and baseball c. c. on the on that onion squawk when the market must in one in basketball baseman. See elbow. ceo them all. So i'm puerto rico. Grounded louisville baseball in book sale and baseball. He'll he'll airbus. Okay look at the basket and basketball to our orders to keep i mean met with people can all game on the lake and she has done window below the toes. Who are already lost archie. Klawitter put us a. What do you do with all your money. I mean he's got a really big shiny as watch on. So that's one thing. I'm just wondering. Do you have car collection. You own a bunch of how hobby whether how mean even my love them though inveigling mortal or how to go. Easy on san brenda's brenda. Also the whole yeti off so he might be equal bordello. Dear ski malta. Also on mutual. Arabia e. n. guatemalan. That gustav venice miami's move on their pillow. Let's get see miami. Miami ma'am Moscow mullah es la cnn. We we put style. Our weather like was almost like the horrible for me. La la how do you say human or not. Allow cognizant humid. How does it was she won. The world instead of quotas to mom rose more butter stamp on see mallows top cinco rita order them. Don't give us about the day they look at me. Monsoonal loves meat. They don't mind far. They they they don't know about boney m we will thought it might make this a wallet window on market under one hundred. You'll be komo uncover couldn't secundary era Kayla elliot's moody for the esau multiple volume on my neck and went up. I said so made your european mutual contempt. The salseros conc- could jungle this alyssa. Medina had mutual as he brought me english. It'd be at the home going on. yes at i. E be me about hanging on the.
"puerto rico" Discussed on Latina to Latina
"Everything else is like Testing zack's so everything else related to gender equality gender-based violence or even conversations about gender identity. They just lose priority status. They are known on your priorities. This issue right now. We should focus on different issues that are actual it priorities. The big can start to saying they are imagining but they are going through so for organizations like mine reaching being available to victims becomes a task in itself like doing out which requires community bridges. So that you can reach. People think that they are going through something that can be resulted therapy for example. There's something wrong with us. so you see hell individually. He's not something. Pertaining to 'em other realms social dynamics do have a sense of who or what is driving that denial talking furnish theory puerto rico. There are several from the mentally gross. They drive a very aggressive agenda. They are very organized in on barbie sources. They even organize party and were able to elect to legislators in their first ever brownie. They have radio stations newspapers than and youtube channels so they read a hate narrative around genders physically. They are talking about the tater shiva gender super. You know polarizing hates driven to insane that is slightly out of the mainstream ideas of very traditional roles so a lot of people falls into those glitches. If you start saying this is what is safe. Anything that won't fit in. This box is a danger to your children. People start going into this viral of. Hey we've had a rise in transcended sites as well and in the artsy cunard case. Fatality was a result of an incident probably incident regarding the use of vast room where people like normal people in a fast food. Line failed compelled to correct. Something in that in their minds was not only harmful to. I don't know why of dangerous in some way that they saw an so. The belief starting the fast food and then went on to the social media than ended up with some people following. This person is like a terror movie. So people saying that it's a harmless but this hayden did is not because once it settles anything that is perceived as harmful can be understood as a validation of your violent behavior so you are somehow legitimize to be violent. The state has a rose here in preventing this hate narrowed this to whom spread. They are dangerous to the safety of people. Tell me what you think that. The rule of the status so i think the state has a role sitting robust coordinated response for people that are vulnerable to violence state to to provide social production systems. That are probably and that are known so if you are danger you know were all were to bowl because this communicates that you're not on your own. What would it look like for these systems to work well specifically for duggan a victim protection where we should be doing. His lucchino was not working is swimming are seeking protection and are still getting killed. There are things that are not working. Systemically hair talking about victim services that are provided by the states. Right so what it will look like is we are making a priority to correct this glitches that are part of the coordinated response that is not coordinated at all. It's not that we are. You know setting this up from zero. We have infrastructure on. We have lost and we have forty years of trion errors so in my opinion china's as that is not acceptable that we overlook insisting errors. Can you paint a picture for me. Perhaps using either a real example an imagined example of where the system breaks down okay so protection services have different edge remorse so this is the first thing for me that should be corrected so entry yours are not roles are people are nurses injury ush and probably call settles in emergency. Rooms are in on these officers in local races in each town. Those are the entry doors. You have people operating hotlines that can be operated by the state or variations as another injury door. You don't walk yourself to a shelter. You need and three door so everyone in an entry door needs to be trained. You cannot enforce best practices if you are not strain training constant. You need to train those people. You need to know that you're going to have a lot of turnover because that work is a false thing so people lean so you need to constantly train. Those people correction that would be immediately is waiting periods are critical needs to be reduced because each hour each day is higher risk farting. So how do you reduce that. In my opinion the requires more participation of varieties under resources waiting period star disaster. That's tips retract. That's were victimisers. Get ravers on how the combination off of a team like when you retract. You do so because you.
"puerto rico" Discussed on Latina to Latina
"Better help. H. e. l. p. dot com slash. Latina we'll talk about institutions because there are a lot of institutions that need to be held accountable. And all of this. But i do want to ask you culturally what you think. Underpins violence against women. I'm very an my full of lower reflections of the notion of my cheese small and how berries culturally by tendency that is different in medina culture than it is. In other cultures i think gender inequality is all over. The world and as the fantasize are all over the world have any we force are of serving that there are regions in countries. Were women are at higher. Risk of tally or of suffering. Raider views. but i don't think it's phenomenon that has on the pertaining to one culture now. Puerto rico has this unique mix of influences like puerto rico culturally sales behaved very much like the latin american country but has a great deal of entrants that comes from the states and the good of the bath insurance so i would say that at this moment i think that the worst or heavier under an has to do with deny there's a very strong agenda public opinion influence to deny the fact that there are gender differences and that their gender inequality exist. I think it's very dangerous. Not only because it will hinder probably policy efforts but also who's white does the victims because then everything that is happening to you. You are imagining it. Everybody is repeating constantly that you know women have acquired so many rides women can study volt. Ten be elected officials women can be a homeowners. And and you know in in puerto rico saint and can inherit can be. Ceo's and so that meets the genuine. Five eighty is result is known greenwich shoe. So if you denying quality then.
"puerto rico" Discussed on Latina to Latina
"Tanya there is a renewed focus on femicide in puerto rico but this is of course sadly not a new phenomenon. What is your earliest memory of stories. Like this is actually a story. My grandmother told me when she was very young. She married a someone else not not my grandfather. So she's this young wife. She has two small girls and her husband used to lock her up in the house. She told me this story and she was not being. She was not even resentful. She was just telling me this story about her first husband and how he would leave to work and leave her locked up. She was saying how silly he was so jealous. Like that right so for me. I was terrified. The idea that someone else who loves me an adult and in her house because he was jealous. Someone will look at me are for me. It was a -rageous. But i don't remember voice saying that to her because she was so matter-of-fact about it and that's the earliest memory i have. I was thought nine a grueling me. And how normalize it was for several generations in my in my country. We culture that men do that women. Draw a line for me as you see it from that story to how we're still talking about femicide in the year. Twenty twenty one. I think we've overcome some obstacles. But sometimes i think everything that has been gains always the parable of being lost so way not on we have to fight key what we gain but also to forward was boulder and expensive ways off noli dealing move. The problem itself generates violence vosa with naming storytelling. It's how do you tell the story of the victim. Why do you say deaths and you don't say homicide because i'm raising a daughter and sometimes i terrified that she's going to go out in a world that doesn't think of her as full human.
"puerto rico" Discussed on Los' Lounge
"And puerto rico team. Maria's team class. I love live now gone..
"puerto rico" Discussed on Los' Lounge
"Sometimes you can't really give yourself out over somebody else's.
"puerto rico" Discussed on Los' Lounge
"Like diarrhea of it all just very the bike started shaking. My started raising. I said you better focus. Otherwise it's we didn't want it to be but then the bike felt like it was gonna come off track. Oh yes honey. Yeah listen so. I just prayed and i got it together but then i looked to my love to see where my cousin was at. I'm not even done with the track. This girl is still stuck again again. Which the player does because she said well. Some hot boys came to the rescue last time. Let's see there's more hot boys over here. I get it i get it i get it i get it. I didn't see it. I didn't see it actually. I really don't know if that was her plan. But we talked about this. We talked about this not about planned. And i feel bad because you know what you don't know is that you really have to balance on. This is a mind game you know. It was an incredible experience and it was all about fear and adrenaline. And i'm so excited that experienced that when my cousin and god bless her for being stuck there twice Rescued there's pictures of it if you go on my instagram carlos underscore. I n two zero two one. Carlos is spelled with a k. There's a picture of it is pretty cool. So that was a great experience. We went into bat caves. And i i learned about bats in the importance of bats lake. Who cares about bats. You know what. I'm saying like who the fuck goes to see the bats i know i know. Can i tell you something. We need. The bat i know you can't be scared of for pollination i learned so much listen it was like it. Felt like a fucking pbs. Special live in puerto rico. Like it was just really. Did it really did. It was incredible in the views and the cave experience and just hearing them above you. I've got pictures of it on my instagram on instagram. Gone the instrument. It's all it's all there saw. They're all they're all there. You know was incredible. Incredible all right. Lastly in this middle portion of the show. What else do. I want to tell you about who okay. Let me sip coca cola coca cola carmen sponsor me check it out so we went to gobbo home which is pretty much all the way west bottom quarter of the island literally corner because i got to be by the corner cliffs which were incredible which that's a whole different story. I got to see an incredible lighthouse. I got to eat by the ocean. Incredible food such as still stolen with maiyo catch up mile. Ketchup is a big thing in our culture. Back up back up and and afrita and more mahy dole's 'cause you want mojo's on gasoline. Not because that's what they drink and in puerto rico's the gasoline they do so that's how do apparently i'm here for it. I am here for it Pfizer mojo. I recommend it. Oh no we skipped the whole different story. Loungers our old san juan. You know what let's take a break. I decided yeah. Well i have to. I'm gonna wash my hands of the moisturizer real quick. And then when we come back i wanna talk to you about old san juan and i'm going to play some audio from the trip as well and also worked. Just i want talk about moving forward and also where the show is going to go forward to on. Because i've had time to think and think about everything. Isn't that great when you have. I mean we had all the time last year. But i was consumed with that said i have to go pee and you have to go pee and let's come back right after my little stupid mid break you already know i decided i don't wanna go pee so i'm just going to finish the story non joking i'm going to. I don't know why become. But i like i like traveling is going on in my life. Founded the bat georgie This important to know that you know at least for me was when you come back home. How are you going to be. Okay are you good. Where are you now and are. How do you move forward once you touch lands once you put your feet on back on. Us soil back home in massachusetts. And so you know. There's lots of browning that has to be done. There's lots of Manage and also stupid for like people that don't understand but for the ones who know exactly what i'm talking about. I don't let anyone tell you that that there's a timeframe and i'm saying you know what i'm saying there is no time limit.
"puerto rico" Discussed on Los' Lounge
"And come on back..
"puerto rico" Discussed on The Takeaway
"We begin with two dueling bills making their way through congress that focus on the political future of puerto rico. The island is a us. Commonwealth who's colonial status has been in the spotlight following the economic political and structural crises. The island his face over the past few years including hurricane. Maria and two thousand seventeen and the ouster of governor ricardo. Rocha your in. Twenty nineteen for decades residents on. The island have voted for their political preference. In non binding referendums but puerto ricans on the island. Still remained in political limbo. Not exactly a state but also not an independent nation on thursday representative nydia velazquez along with representative alexandria. Ocasio cortez and senator. Bob menendez officially announced the puerto rico determination. Act of twenty twenty one. These nicest people to thurman all quality future earlier this month. the competing bill was introduced by representatives. Darren soto and jennifer. Gonzalez's puerto rico's non-biding nonvoting member of congress. There alternative the puerto rico statehood admission. Act would set up a framework to make the island estate So on friday morning we called up nydia velazquez congressional district in new york city. She's the first puerto rican woman to serve in the us house of representatives and since puerto rico's political advancement has been in the national conversation. So much recently. I asked the congresswoman how she expects to keep that momentum going i i hold that we can all come together quota leaders and members of congress to really work in a path forward that will put an end to one hundred twenty three years of colonialism Where the people of puerto rico has been divided way are they do not have legal tools to deal with their own Challenges we saw that during the financial crisis. Puerto rico's right to declare. Bankruptcy was taken away by the us. Congress white recalls opportunity to continue to promote development in puerto rico was taking away by congress when they Ended the irs code nine hundred eighty six that promoted foreign investment investment from the united states are companies to puerto rico. So what it shows. Is that the many issues on the many challenges. The puerto rico that quarry can people are facing today in the colonial status condition. Congresswoman your puerto rico self determination act of two thousand twenty one which you're cosponsoring and officially announced this week. Can you define what you mean by. Self-determination is to recognize what the inherent right of the people of puerto rico To come together and decide what is the their best political path forward is for them to come and define in a convention in a status convention that different formula the different Options and put that out to the people to decide through a direct voice vote. What is it that they want to do. So many people are saying that statehood was voted by fifty two percent in the last election. Well we this is a serious issue. And it requires the participation of the us congress and the us government that plebiscite was basically a political tool for the party in power to entice voters to come to the polls. It wasn't buying a by. You know it will not require any action or certification by the us congress nor did it was not was it define For the people rico. So they didn't know what does it mean. What type of responsibility is auto rico. Become a state so the state was not defining the plebiscite bill there was no education campaign about the implications of becoming of your state. And then you have a minority almost fifty seven percent of the people of puerto rico who do not support taylor day to have the right to be heard and to participate congresswoman. You mentioned the plebiscite and the this is something that Residents of puerto rico for decades have since essentially voted on these non binding referendums about the status of their own island. Why not make that referendum Why not just offer the residents of puerto rico and referendum. That does have teeth that is binding rather than creating an additional step here. Well no that is. Exactly what my dos. It provides for the people quarter this is. This is not any election. This is an important step forward to put an end to the colonial status of puerto rico. It requires a consultation with different formulas that will be outside the territorial clause and We gotta be treated this with the seriousness. That it requires this will define the political future of the people of puerto rico and so you know what my legislation it empowered the puerto rican legislature to create status convention and Whose delegates will be elected by boorda rican voters and that body will develop a long term solution and they will define each of the solution and it will have a transition plan for each of those solution so when people go out to vote they will know what exactly they're voting for. This is not any regular election. This knee most important election in the political life and association with the united states for the last one hundred twenty three years congresswoman. What do we know about whether or not there's congressional support for this Self-determination bill that you are proposing and if there is bipartisan yes. We introduced legislation. Yesterday we had close to eighty members Cosponsoring the bill and there is is by commodore a stanford in this senator bernie son. There's senator elizabeth warren saint to boot. Kurt sanader week. Urkel us A republican many more eight senators are supporting this bill and in the house. Close to seventy seven. I think the last count is seventy seven members so that shows broad support and not only that this does it. has this ward of ten. Meme ten chairman of ten different committees including committees. The have to do some. That has the responsibility on this on this bill at any other bill Jim mcgovern from massachusetts. Who is the chairman of the rules. Committee Reach o neil.
"puerto rico" Discussed on KQED Radio
"To the story of swallowing and this special relationship that I've maintained with him over almost 30 years. Producer Maggie Feeling is reporting this story with me when we left off swell. They had been in prison for nearly 30 years of his life incarcerated at each 17. And to understand how suave a another kid's got put away for life. We need to go back back to the 19 eighties chains and medallions. Kangol, Hades, Grandmaster Flash Afrika Bambaataa to and run DMC blasting on the radio and a crime wave exacerbated by the crack epidemic. Hit cities across the country right is now sweeping. New York Justice Department officials now say there is a direct link between crime and cocaine. Evidence of heavy money and heavy violent drug traffic is all around. Caught up in the cross hairs were juveniles. Children and teenagers living in low income neighborhoods, dodging daily violence Go game thing is on the role model for these Children in this neighborhood kids as young as 12 years old carry beepers. They're connected to drug dealers with mobile phones, who called them to make deliveries of crack cocaine. And this was the world suave A was growing up in. He was living in a small public housing apartment in the South Bronx with his mom. There were a lot of stories about swab his mom. How she lived the things she had to do the choices she had to make in order just to survive. So I remember thinking that swab his mom was a really complicated human being. My mother grew up in the bonds. He grew up in the street. She grew up hustling. My mother was like the black sheep of the family. Maria Gonzales was born in Puerto Rico in 1942. She moved.
"puerto rico" Discussed on KCRW
"Pasadena, 54 in Santa Monica at 5 35. From NPR news. This is all things considered. I'm Elsa Chang in Los Angeles. I'm Ari Shapiro in Washington. The governor of Puerto Rico has declared a state of emergency. The reason gender violence, he says violence against women has caused too much harm on the island for too long. Governor Pedro Pierluisi is declaration is a victory for feminist groups that have spent years calling for this move, and we're joined now by NPR's Adrian Florido. Hi, Adrian. Hi, Ari. What does it mean exactly for the governor to declare a state of emergency over gender violence? Well. What the governor is done is given himself broad authority to implement policies across government agencies aimed at preventing and responding to violence against women. This is something that activists and feminist groups have been demanding for almost three years. Ever since they noticed an increase in domestic violence and women murdered by their intimate partners in the months after Hurricane Maria I spoke today with a mighty least bygone from Proyecto Materia. It's a women's rights group on the island. It's really every story off the feminist movement in Puerto Rico. It is the first time this in the past a guy in which a governor at me that violence against women is different from other violence is You know Ari, despite evidence of a growing problem in Puerto Rico, the two most recent governors recovery CEO and one that Vasquez had resisted answering this kind of declaration. So now that the governor has done this, you say he can take all kinds of executive actions. What if feminist groups expect from him? The order takes a lot of concrete steps, and among the most important are these. It forms a committee with representatives from more than a dozen agencies to figure out a government wide strategy to combat violence against women. It also direct certain agencies to take very specific steps. The Department of Education will develop a curriculum to teach students about gender violence. Theater knee General's office will have to develop new trainings for prosecutors. Handling cases. The island's police will update their protocols for responding to domestic violence calls and for investigating the cases of murdered women. And I also spoke today with so on Darby last. She is the leader of the collective a feminist and constructs Yon, a feminist group. And she said, Look, Puerto Rico actually already has laws and policies aimed at gender violence. Jar exceed, think later, he protocol Oh, but in the nebula, so I headed up to another unit condition that cuentas Aleka and to see Jackie come from me so much, she said. The problem has always been. There's just no follow through. No transparency, Know coordinator coordinated effort, No accountability, and so the hope is that this new order will provide all of those things. Drink You've reported on so many challenges in Puerto Rico over the years from the hurricanes to the economic crisis and political instability. What do you make of the fact that the governor who just took office this month? Made this one of his first orders of business. Well, you know, it's It's a recognition that this issue has really captured the public's attention over the last few years, in part because of the work of these activist groups, and the local press has also covered the murders of women pretty extensively. There were more than 60 last year. Me that out of it is election. A grown rusty Mark Rodriguez. She was just 17 and was found dumped on the side of the road. These air names that almost any Puerto Rican would recognize. Because Puerto Rico is such a small place. These cases hit hard each time and they have put mounting pressure on the government to act. And Puerto Rico is trying to get out of bankruptcy right now. Is there a sense of how difficult it will be to tackle this effort, which obviously will cost a lot of money? It's a big question an important one today, the governor announced $650,000 or so for this effort, but Puerto Rico's budget is currently controlled by a federal board that's trying to get out of debt in part through austerity s O. I'm a release bygone operational matter. I told me it'll have to approve funding and she expects it to Because if they do not, they will be as bad as the aggressors. You know, we're speaking here about the human race off women on other people's that our victim off, then they're based violence. I'm not approving that body. It will be so bad. She said. The next step is going to be figuring out exactly how much the policies in the governor's order will cost and submitting a request for funding for them. That's NPR's Adrian Florido. Thank you. Thanks, Ari. In a much anticipated phone call. President Biden has spoken with his Russian counterpart Vladimir Putin. On that call. They agreed to extend a key arms control agreement. But it was also a chance for Biden to raise a whole list of other concerns, according to spokesperson Jen Psaki. Including the solar winds, hack reports of Russia placing bounties on United States soldiers in Afghanistan interference in the 2020 election, the poisoning of Alexei Navalny and treatment of peaceful protesters by Russian security forces. NPR diplomatic correspondent Michele Kelemen joins us now to go through this very long list. Hey, Michelle. Hi. There. Also. All right, let's begin with this arms control deal. What exactly did Biden and Putin agree to So they agreed to get their teams working right away to extend the new start agreement by five years. It's it's an agreement that's about to expire so time was ticking. New Start is the only remaining arms control deal that caps U. S and Russian nuclear arsenals. The Trump Administration tried but failed to negotiate a new deal. First, they wanted China involved and they wanted a shorter extension to get more out of Russia. The Biden team came in and made clear, you know, let's just extend this deal as it's allowed under the treaty and get to work on the many other disagreements that the U. S. Has with Russia. All right, well, let's talk about some of those in her comments today, Press secretary Jen Psaki Said that bite and talk to Putin about Alexei Navalny. He's the opposition leader who returned to Russia on Lee to be detained. There Now is this a change in tone from the Trump administration yet is I mean, the Trump Administration did criticize Russia for a nerve agent attack that almost killed the volley. But Trump himself never publicly criticized Putin for anything, and the White House rarely said anything about Repression in Russia. Now you have an administration that speaking out more forcefully. Secretary of State Tony Blinken, who by the way was just confirmed today, was asked about Navalny last week at his confirmation hearing. Just listen to what he had to say. It is extraordinary. How frightened Vladimir Putin seems to be of one man. I think that speaks volumes. So the State Department was quick.
"puerto rico" Discussed on Golden Edge - Vegas Golden Knights Hockey
"So if you have a camera on like press row during these postgame zoom call to basically a bunch of us like pressing our ears to our computer to make sure. We're actually hearing what these guys are saying to us. So i i completely missed the boat on max pacioretty dropping this nugget in so if he had even made a reference i would missed it and not reacted so i will just point out that that was kind of coloring my reaction i also as i have said i have not seen the movie have gotten it anyway. So big question. They've as someone who has not seen this movie. Where does giants rank in your personal pantheon of childhood sports movies. Because as you know. I just said i am a mighty ducks person specifically a mighty ducks too person. That is my personal favourite keenan thompson. Coming in with the knuckle puck you get some some great. One liners including a greenland is full of ice in. Iceland is very nice which helped me through geography classes later as a high school student. So that's that's number one for me. But i'm curious where this movie specifically ranked for you. I was gonna say you seem like kind of that. Iceland guy using you're probably into that. Yeah absolutely okay. So first off before i get into my rankings of childhood things i actually want to talk about rick moranis. Because it's such an underrated. Rick moranis movie and i feel like there's this gap because for those that don't own aren't like movie buffs and whatever. So he was like a big in the eighties movies. Yes yes so all these movies and like it stirred up all these like thoughts. And whenever i'm like oh my gosh like my blue have in parenthood. He was in so many really good movies. And then if you know the story unfortunately it's a little bit tragic. So his his wife passed away. She had breast cancer. I believe in. Rick marinas left hollywood to raise his kids and he's kind of comeback. Recently i think he appeared in a commercial that yeah. Yeah so so. It's kinda cool that like all of a sudden there's this rick moranis reference and he's kind of starting to come back and maybe he'll do some movies and and all that so he's such a cool character he played all these kind of like really like straight man. Kinda dad's sort of things. He's got this dorky sort of quality to him. Every you know growing up he was always wanted like a funny guys on the in all of the The comedy movies but okay so anyway. My rankings. it's an inquest. Do you like a like a full list. It's somewhere in like around the top five..
"puerto rico" Discussed on KFI AM 640
"Hey, and welcome back to coast to coast back with our final segment with Angel. That's because Angel How did the telescope end up in Puerto Rico in the first place? That's a real good question. Well, there was It was a few sites there. George there were chosen back in the late fifties. First we have to look for a natural like a natural sinkhole. The where the out of people's territories located. It is a natural sinkhole. Okay, so we needed a hole about a big foot addition about 1000 ft. There were a couple of places there was it was a place. Maybe there was a place in Hawaii. It was another one in Cuba. There was a few places in Puerto Rico and Hawaii was logistically a little bit far away. Huber while in the late fifties, you know the political situation that was not gonna good idea, and so And for me, luckily for this kid from Brooklyn date today put it is not a stable and so I don't see. Why has that there was a large natural sinkhole. Minimal amount of excavation again. The latitude of honesty was also 18 degrees, which which was very good also because all the planets Go over the equator. So we're 18 degrees above the equator. So there was a view of that There were a few requisites that at its neighbor did Phil We're almost almost unity there, George. All right, let's go to final calls. Davis and April Park, New York Welcome the show. Thanks for holding David. Good morning, George. Yeah, I want to give a shout out to you first. And we have to have a sense of humor during these times. And if you lose that, you know you're giving up and what I what I wanted. I.
"puerto rico" Discussed on Heartland Newsfeed Radio Network
"If i was in jail or something i like being important. Sound like the worst place to be. If it wasn't jail yeah. I mean it's in addition to not paying taxes. I get to live in a fantastic. Plays like puerto rico. I mean if i had to move up to alaska or someplace like gat in order to not pay taxes you know. Maybe i'd have to reconsider it. I mean not that. I was a pretty place to but i mean i'm not a big fan of the cold weather. I happen to like a tropical paradise. You know kinda weird that way real weirdo and that. When i think i'm kind of curious how did the lockdowns and the whole situation with corona virus affect puerto rico because i know but prior to that i mean i was already looking at moving out of california simply for tax and political reasons but now i see so many people including myself that are looking to leave lockdown states not even for purely economic reasons but simply because they don't want to live in lockdown. Don't wanna live in a place where they essentially can't do anything they used to do. So that's why a lot of people are looking at places like florida and that sort of thing that haven't really locked down in the same way. So what's it been like in puerto rico. Yeah we've got the lockdowns here mean. Puerto rico is pretty liberal locally so we have lockdowns in fact initially. We were probably locked down harder than most and we had curfews and we had mandatory sunday closures and often even days when you're allowed to drive your car now. They've backed off on some of that but we still have restrictions. The gyms are open But at limited capacity. You gotta wear masks the beach beaches are now partially open you. Can you can swim and you can throw a ball around and jog but you can't lie shave lounge with an umbrella You know restaurants are open but They have to stir last. Call as i think eight thirty. You know you gotta be out. I think we have a nine o'clock or if you now you gotta be home. The virus can't after nine as we all now. But i'll be like some of look i know how strictly i mean. I see people in their golf carts at out after nine o'clock so they don't exactly have the police swarming around lock people up who are caught out of their house after nine o'clock but i don't know what good it's done i mean. Certainly we don't have all the tourists coming to puerto rico. We used to have a lot of cruise ships. That would come every day. And dump people off in old san juan. So they're not coming in. And i live here. You know by a hotel and the hotel guests are way down. So there's not as many people at the hotel on the beaches as the were. But if you're going to be locked down somewhere you might as well be locked down on a tropical paradise. I mean a way the beaches more private now. I have it mama's there things could be worse. It sounds like but you know we don't you know there's not as many parties as there used to be in and you know gathering golf courses at least are back open so you could play golf playing tennis. So it's not. It's not terrible. Peter as we speak today we are in. I guess what what we have to say is the last days of donald trump's presidency. I has is some people disagree that that's what's going to happen. But the consensus seems to be that. The trump presidency is winding down. And you're very very vocal critic of donald trump throughout his presidency. So if you take a kind of a snapshot of the trump presidency from simply the economic perspective from where economy was four years ago to where it is now because i mean many people might say look the stock markets higher than ever. This is the thing was a success. Well if you remember. We had a very strong stock market. When obama was president and trump ran a campaign that attacked that stock market bubble by basically saying look wall. Street is not main street. You know forget about what's happening in the stock market. That's a bubble it's gonna pop. I'm gonna fix main street. I'm gonna go after our trade deficit. America's been losing on trade. We're gonna win on trade. We have a huge budget deficit national debt. We're gonna pay off the dad. We're gonna make america great again. We're going to drain the swamp all this great stuff and none of it instead. All trump is doing is pointing to the stock market bubble which is now bigger than the one he inherited and claiming a successful presidency based on the stock market. Meanwhile the budget deficit said he's leaving to biden are far greater than the one he inherited from obama. The trade deficits he's leaving the biden are much bigger than the ones he inherited from obama. In fact the trade deficit with china has never been larger so to the extent that we were losing on trade before trump. We're winning big time bigger than we're losing rather bigger than ever with trump and this is even before cove it i mean cova just made the trade deficits worst but they were already getting worse before kobe. The same thing with the budget deficit all donald trump did was make government bigger. Yes we got some tax cuts but we also got increases in government spending so trump made government a bigger burden on the economy that it was before he just changed the way that burden is born by the public instead of paying for government with income taxes we're paying for it through inflation. The government printing more money and taking the purchasing power. I mean the dollar is just beginning to fall. Were about two percent away from his six year. Low right now but that means the dollar is worth less today than it was. When trump was elected it will be worth a lot less over the next few years. And that's when americans are going to feel the burden of because everything they need to buy is going to be a lot more expensive. Thanks to the inflation that was created to finance this big expansion of under trump and not not only did he make government bigger but he helped make government more intrusive into our lives. And also he is a big proponent of protectionism and tariffs and. I think he really took the republican party. In a very bad direction you know away from smaller government. Too bigger government. He's really not a conservative. He's a populist. And i know there are a lot of people who support trump. Who believe they they. They're they're advocates of the constitution and liberty and individual government and sound money but none of that can be really attributed to trump. i mean that's not how he governed he was a big government guy. He wants big deficits that he wants. Cheap money to pay for it. When he ran for president he criticized the fed for being to lose and then as soon as he became president he criticized the fed for being too tight. In fact he said that zero percent interest rates were low enough he wanted negative interest rates. You know you wanted more. Qe not lasted. of course he's got it now But all of this is.
"puerto rico" Discussed on Talking To Change - A Motivational Interviewing podcast
"So we have a lot of influence. Also from africans like using gains food. So that's basically how i can describe our culture. It's very buried. So our culture not going to be the same as other people from other latin american countries because our history is very different. But we also have a lot of american influence. Because our territory. So it's kind of very complex. I guess are true. We have a lot of. Let's say with programs and projects in different Situations that are going on. We relate a lot to latin america and then a lot to us background. So lots of different ingredients lead into the expanse of being an individual and the community levin on the island of puerto rico. And i guess leading on from what was asking just high in high. In what ways do you think this particular and unique bland of culture has received motivation. What family has it had to do with motivation. Enter into odd. Some ingredients adds some of the spice of puerto rico to the practice of ma for it to be useful and meaningful for them. Hopkins of puerto rico in a land. Break-ins are enough. Sure you guys heard about this before we're used to going to someone a doctor a counselor social worker. And they're the expert. Were sitting there listening to the expert. Ause what to do as puerto ricans. Were very familiar. You know we're a little bit more sometimes. We don't call the doctor dr something. Sometimes we call them by the first name because even the doctors. Tell me bob or some so in that aspect. I don't think it's too far not that another we're going to be working professionally..