The podcast provides a necessary shift from speculative hype to empirical rigor, grounding digital asset strategies in concrete macroeconomic indicators. It effectively reframes market volatility as a data-driven opportunity for disciplined wealth building in an increasingly complex economy.
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The New Wealth Transfer Podcast
Added:My father Warriors rise grand rising. Good evening, Warriors. Excited to be with you guys on June 19th, 2026. It's the last June 19th, 2026 you're ever going to have. So, let's make it an absolutely great day. My gosh, we have so much to talk about. This is our I think our fifth podcast, sixth pod, fifth or sixth podcast, I think it is. The Wealth Transfer podcast was um invented because we have cool conversations behind the scenes and we're we're nerds. We're always talking about macro, microeconomics, how to improve our businesses, uh investments, what's going on with the economy, growth, and so we decided to bring this conversation to you guys live on a show and it's evolving. So, a couple uh big updates we have going on. Uh if you missed the webinar this morning, shame on you, first of all. Second of all, we had how many people? 700 people on the webinar this morning. Absolutely amazing. So, the webinars are not recorded. So, you have to come live. You have to be in the vibe. You have to be in the tribe.
There'll be another webinar coming up uh I think July 24th. And so I'm going to be doing a bi-weekly webinar to educate you guys for free. Getting the vibe in the cribe. Number two is our YouTube channel is going to be changing. And I did the announcement this morning. This is a new era. We're going to go around the room in just a second, introduce everybody. This is a new era. We are done with the [ __ ] We're done with the hype. We're done with the opium. We are going deep into education and datadriven specific and really helping people build wealth. Okay. So that uh studio over there is being remodeled right now. The broadcast just just showed up. We're going to be full production. There's going to be three live shows per week to include four to include this one. I'm going to be doing a live broadcast where I'm going to be teaching live. You're going to eventually be able to call in. I'll be answering questions live on the whiteboard kind of like we do inside the education academy. I'll be doing two deep education videos. We're going depth. We're not going excitement hype.
It's depth educ. What's up, buddy? How we doing? All right. So, we're going to go around the I love it. Go around the room. Yeah. So cute. We're gonna go around the room and introduce everybody.
So, we'll start with Jackie. We'll go around.
>> Hey, what is up guys? Thank you so much for joining today. I'm Jackie. Um I am the CIO within our 3T Warrior Academy and I'm super grateful to be running with Giants. Um thank you guys so much for your support. I think I I am very grateful for the lens that I have just kind of helping coaching um within the 3T Warrior Academy and and helping on the Freedom Insurance as an agent. It just constantly is good to hear the feedback from the community and from people just how much education we are providing to help people kind of withstand the storm that's going on. So, thank you guys.
>> Awesome. Love it. Jeremy.
>> Yep. Hey everyone. Uh my name is Jeremy.
I'm the chief financial officer of 3T Warrior Academy. And today's pretty good. CJV looks exhausted as >> I'm tired.
>> Heck though. I got feeling so tired.
>> I'm tired.
>> Are you beat webinar?
>> Just webinar. It's been It's been seven days a week for seven weeks straight and I think we got another big >> seven weeks.
>> Seven days. Seven weeks. Yeah.
>> Seven days. But no, I'm good. I'm glad that the webinar went well and uh have been having a great day and excited to jump into whatever we're talking about today because I have no clue what we're doing.
>> But we're gonna do it.
>> Then Gonzo looks like he's got a new environment, new vibe. What's going on here?
>> Hey, what's up everybody? I'm Gonzo. I do all the technical analysis.
>> He sold the top, bought a new home.
He's over the top. He told us we were going in a bare market and we all missed.
>> I did do the call on October 18th, so I don't know what to tell you. But yeah, we definitely a new environment, new vibe, new energy. We're super excited.
We ended up moving into another place.
It's just a little bit bigger, but uh I was sharing this with JB and Jackie last September at Revive. Uh we're doing an exercise where we were writing kind of uh goals. We were we were visualizing and stuff. And so unbeknownst to me, like you know, everyone's in their own little space. Shelley took the booklet and just started writing out like what she envisioned of like the next home that we wanted. And she described because JV always talks about like see it, feel it, like embody it. And so she really went into detail about what the kitchen looked like and the windows and and that the rooms were connected and there was there was a lot of detail in in what she wrote down. And then, you know, the book closed. We went off and and uh we didn't know we were going to move and we went back to our normal lives. So, we just went on vacation and uh so we took the booklet because we were going to take notes. We were going to talk about certain things while we were just kind of sitting down relaxing and uh we were eating dinner and she goes, "Look at this." And she shows me the booklet and she shows me what she had written down in September of last year. And when you look at the description of the house, to a tea, it is exactly the house that I am now living in right now. The backyard is huge. We have a swimming pool. We have a spa. We even have a place uh it's an it's a shed, but it was converted into an office. I even have a place to build a broadcast studio. Like it's it's crazy, right? The only thing is like it's not our forever house. We're only here until we're in California. But that's the power of manifestation. So, um yeah, it's been a little bit stressful. We got back from vacation. I came back very very sick. I lost my voice. It's just finally coming back.
And so, no time to be sick because I've been unpacking and doing all that stuff.
But feel very very blessed. like just the the entire energy of this house is just so different than we were at and just really excited and we're going to grow into this house here for the next few years. But uh it it is a to a tea to a tea what what Shelley had envisioned what she had written down.
>> That's awesome. Yeah, the energy looks great there, man. You look great.
>> So beautiful out. Wishing I was there.
>> Congratulations. Thanks.
>> Thank you.
>> Thanks for anytime you guys are in Cali.
Let's go >> full party.
>> It's like anytime now. Awesome.
>> Well, May and and uh he wants Buddy to introduce himself as well.
>> You know, he's playing with his little his favorite little piggy toy over here, so he's content for now. Okay.
>> Um but yeah, my name is May, uh chief operations officer for 3T Academy and Freedom Insurance. Um super stoked to be here. It's such a fun day uh with being on the webinar with JV um and the team.
And we tried a new program today, so we're all a little bit nervous, but it went off with a hit. And uh yeah, super proud of of everybody. So um and I have to address a question in the chat sooner. Okay, I'm so sorry, guys, but I want you to know JB does have more than one pink tank top.
>> Yeah, >> he has at least 36 of the same tank top.
>> He buys them in packs of four.
>> I do. Every time we travel. Yeah.
>> But every time you travel, you buy a new pack.
>> I buy a new pack. Yeah. So So we have um >> He buys new clothes.
>> Weird, man. So, I have these are only like $7 on Amazon. So, I'm very meticulous with my clothes. I wear the same [ __ ] every single day, patterned.
Everything's just laid out the same time every night, every morning. What they call decision fatigue or whatever. You just wear the same thing. Just wear the same thing. So, I don't have to think about what I what I wear. So, they are all clean underwear. They're all clean shirts, clean outfits. They're just the same shirt, the same color. Um, and I have black. But I've just been I've been I get obsessed with stuff, huh, May?
Like I'll I'll find something I like and I'll just wear it.
>> Be like pink for a while.
green for a while >> depends >> on how I feel.
>> Yeah. Yeah. So, if you guys, you know, the the secret to how or why Yeah. how JV can invest so much in XRPs because the shirts are $7.
>> The shirts are $7.
>> $7, man.
>> But it is true about the decision fatigue though because like the less you only have a certain amount of willpower within a day or a time period for the most part before you start getting fatigued from making decisions. So the thought process is if you can reduce the amount of decisions that you make, you can have the energy and the willpower to make the more important decisions.
>> Yeah, I think like Sterling coming on board, he like it's all signal, no noise. Everything is signal. Everything is signal moving the companies forward, moving the ecosystems forward. It's like it's been really awesome. Like I just uh he enjoys to do all the things that I don't like to do. He likes to organize stuff. He likes to >> like help me get the garage like all kinds organizations.
>> Yeah, he's so good at he's so uh traveling. He's super articulate, too.
Super articulate.
>> When he speaks, like the way he explains things is really good. Really nice.
>> Yeah. So, Oh, so I'm Coach JB. I'm the CEO of the 3T Warrior Academy. Thank you guys for joining the web. We had an awesome webinar this morning. And um yeah, we're here to help people with financial literacy. And we have a lot to talk about today. Things have um it's kind of like watching pingpong in the the uh the stock market and Trump, you know, one minute. Well, well, I think we should start with that with the peace deal. It's like we had pretty exciting weekend. Friday, he announced a peace deal. They said they were signing it by the 19th and then Jackie So Jackie is our CIO. We met on Monday. We do a meeting around um she gives me a whole financial report and then we're mixing an astrology. She bringing an astrology to it. And then we both said I bet you by Friday >> something's going to happen. They bomb Iran or Iran got bombed today. Right. It was >> Israel bombed Lebanon.
>> Bomb Lebanon. Yep. So we're like gosh.
And then Trump put out a tweet. Did you see his tweet? It was like it's like my gosh, man. And so we're just trying to prepare people to be data specific. And also the Fed chair came on board and I really like him a lot, Kevin Worsh. And he gave a clear signal, guys. He's like, we are now data specific now. We are not doing forward um God, why do I keep uh forward forecasting?
>> Yeah, forecasting. No more forecasting, right? The dotp and all those things, they're not in the business of forecasting so that the markets hinge on every word that they say. They want the markets to do their thing and they'll adjust to what the markets are doing is basically what he was saying.
>> That's a real I think we're going into a real economy and and >> go ahead.
>> Oh, sorry. That that I I mean when you just said that I mean it that's going back to pure capitalism, right? Where you where you no longer are um you know unfair advantages based upon knowing certain inside things. You're purely allowing data to be fair competition with >> to drive decisions. Yeah. And that's how it should be, >> right? And I I feel like Oh, can you I'll take her here. I have my food. I've been waiting for my food. Thank you.
>> We're ready to eat.
>> I've been waiting for my food. They were late. Sprouts.
>> Guys, they all got snacks around me and nobody offered to share.
>> Okay, first of all, these snacks are available for everyone who walks into the building. They're in a bowl.
>> Nobody sharing.
Just kidding.
>> Oh, they're cold. Anybody want you?
>> You got Toto cookies, guys.
>> Jamie, tell everyone about these cookies.
>> These are amazing. This is not a paid ad. Let me show you guys.
>> I was just going to say we are not sponsored here. Toto, if you are watching >> these cookies. Yeah. Where they at?
>> We are ready to take you on board as a >> part. Dude, these are so good. Okay. Um, what was that? What was that day? I was People thought I was drunk. I wasn't drunk, but um I was on my story and I >> I love it.
>> That had nothing to do with it. I don't know why I said that, but I uh So, get elevate apple pie creamer rice.
>> Mhm.
>> Take this cookie, put it in there, and put sea salt on it.
>> Oh, good lord, man. I mean, it literally it's it's healthy. It's good. These make you poop, too. These will be able to move it right through you.
>> If you're clogged up, >> you're clogged up. Have a two to >> If you're clogged up, get a Toto.
>> Two Toto cookies and three cuties, and you are cleaned out.
>> Cuties.
>> Three cuties and two Toto. Watch watch the sales on Elevate and Toto go up. I'm I'm actually going to ask them if that happened after today.
>> Yeah. See, people love them. So, um what were we talking about?
>> They are really good.
>> Uh the wishwashy Lebanon Iran >> market. Oh, you were talking about Worsh.
>> Oh, Worsh. Yeah. So, now we're data specific. And so, what that means is it's it's how we've been I I just feel very grateful is what we've been talking about. We've been data specific. Not hype, notium, not hope. Oh, the Clarity Act is going to do this. It's like let the clarity act do what it does.
>> Let's focus on the data now and make decisions based on data not on what we so we do our finances that way which is so interesting. It's aligning to what we do in the academy capital. It's like we make decisions based on data not based on what we think is going to happen with the clarity act. If the clarity act does what it does we have the buckets to fill the buckets >> right? Right. So, I think that's important. We should all talk about that. Like how we've how we operate in data, right? Because it's like we're like, "Okay, well, the inflation says this. Ideally, guys, they should be raising rates right now.
>> That's scary. They should be actually raising rates." And what it does, it brings us back into a normal economy where people have to buy stuff they can afford and it resets the whole economy.
It cools inflation. I think what they're going to do is they're going to bring AI to increase productivity, bring down inflation. They're going to shrink the balance sheet. But the middle class is going to have to reccalibrate big time.
And the 1% are going to become really wealthy. Middle class is going to move down to the working poor. That's what I think is going to happen.
>> It's interesting you say that too because astrologically it all lines very very well. Um and just to kind of give a little background too to that meeting that we had Monday. Um it was just it was so interesting because on Wednesday um and JB's eating a cookie right in front of me and I can't even >> I was like don't even don't even try don't even try don't even try to >> Yeah. Put him on blast.
>> Jack Jackie is the snack queen, dude.
Jackie always is all eating.
>> She's suffering right now. She's so suffering. But but the astr I know it's like I have to sit here and talk while everyone's stacking around me.
>> I'm not gonna I'm kidding over.
>> But the astrology So the reason it was interesting because we met Monday and knowing that there was a Venus and Pluto opposition happening Wednesday. It was so interesting because they were going to sign the peace deal till Friday and then they pushed it to Wednesday. And I was like, why would they push it to Wednesday when that is not a favorable alignment at all? Sure enough, so we had said on that meeting, it's probably likely that they are going to break the bounds of that of that treaty and and a bombing is going to happen. And then sure enough, here we are Friday, >> which is also a significant event of Chiron going into Taurus. And May, I know I know you've been studying a little bit, so you could probably jump in on some of this, too. Um, but we can talk about the significance of what that means. But >> I mean, just going into kind of the macro as well, JB, of what you were talking about is >> Chiron and Taurus is money wounds and also to like personal value wounds. And so over the next seven years, because Chiron stays in a sign for seven years, I think we are coming back to that time frame. And when you look throughout history in the past, um, this has also been a period that we've seen in history where Chiron has been in Taurus from 1977 to like 84 was the time frame, right? Regonomics >> around that time frame. So allow you know what you've been saying matching that up when Reagan was in presidency and then same thing we saw it in the 1930s. And so a lot of that aligns too, right? ast a astrology, astrological finance. It's just recognizing patterns in that way. It's no different than, you know, Gonzo nailing the charts and and giving us the run down there.
>> Yep. A market is a market is a market.
>> Market is a market.
>> And and it it aligns with too when that 36 year cycle that ended on February 20th, >> which Rig and I started in 1988. That's when we went into I I don't know if I'm saying the word right. financialization where we were just we're just a debt based system where we don't we don't I mean we produce some things but we don't generally produce anything so we're just we're just debt right >> yeah but we mainly produce financial services right >> which is technically nothing like it's a it's a an idea like an idea like a service >> right which is one of the biggest problems that I find with >> you know like where I was talk I don't know who where I was talking this might have been on a the book club or the warrior a warrior cension call but it's it's like the what we do in the United States is we create int we create intellectual property. We don't really create or manufactur anything that's actually physical. So like even if you look at Apple, if you look at your Apple phone, it'll say designed in California, but that thing was made in China, >> right? Or somewhere else, right? And so we don't make a lot of things here. In fact, your truck's probably made in America and it's owned by a Japanese company because Americans like trucks, which makes it more sense for them to have like Toyota Tundras built in Texas rather than actual, you know, like I think at one point even Chevy had their trucks built in Mexico, >> right? So, we don't make anything here for us here in the United States. It's just ideas that we're good at. But how I mean, >> yeah, >> at the end of the day, you have to have some kind of physical asset >> at some point. Yeah. Yeah. And it always goes back to that resets back to the physical of ownership, right? And I think I feel like that's what we're going. It could be intellectual property, physical property, right? And I think um how you value yourself is extremely important during this time.
Like what is your value to the world? I feel like that's what's going to happen.
A lot of people in the middle class are going to have to um put be pushed into a position where they're going to have to reskill and find their value, right? And what do you really enjoy to do? And I I feel that's why we've all done very well is because we really leaned into what we love. Like like this morning the webinar, man, I've been I mean I think that's why I'm so I was so excited about this webinar this morning. I'm like I freaking love teaching this stuff, dude.
I love it. Like I absolutely love it. I was like >> was it stressful getting ready for it?
Yes. But it's like >> I I know it's cliche. You do you do what you love. You don't work a day in your life, right? You know, you not doesn't mean you don't get exhausted. Doesn't mean you get tired or overwhelmed. But it is a I think that is coming for everybody with AI. Everybody's going have to find their value again. And I you know >> Well, that's interesting about the intellectual thing. I didn't think about this until someone put a like they said there's no productivity anymore. But the the the the weird thing about AI is that AI now is outsourcing intelligence. So if we've already outsourced if we've already outsourced actual physical production of stuff which has reduced like the labor markets and the bluecollar people AI is doing the same thing to white collar people where their the thing that makes them productive is their intellectual capacity or their ability to think and create which AI can now do that and in lots of cases do it better than the way that we do it.
Right? I think we we see a lot of the consumerism aspects of AI, but I was talking to my my partner Maria about this that like the the the so Google's AI comes from a company called DeepMind.
And the founder of Deep Mind, who's a a scientist, a PhD, he won a Nobel Prize for the actual AI's capability to understanding folding proteins and DNA.
So when you think about that, that means that AI can now actually think better than we can as it relates to DNA from something that he created. That's why he won the Nobel Prize. But that means that intellectual I mean that means that we're really done for it because you mentioned it. I forgot where you mentioned it at but you mentioned that like AI is going to create the GDP and that's true because our GDP is of our intelligence and if our intelligence is being outsourced to AI then it is going to create our GDP.
>> Yeah. Can I say something about that real quick? So this is what I I was >> I was just thinking about you didn't let her eat her cook.
>> Yeah. Yeah. I've been obsessed with like you know GDP growth, inflation and all this stuff and I'm like I'm really paying attention to Kevin Warf. He's mentioned AI. He's Bitcoin friendly. And I'm like, okay, so he's going to bring down inflation, increase productivity. He wants to lower rates and shrink the balance sheet. I'm like, okay, how would you do that? Well, if GDP, so for everybody listening, GDP is based on per capita, like like Jeremy said, intelligence, humans that actually can build stuff, right? So they say, okay, we have 340 million people in America. This is how much these 340 million people can produce. So if we want to produce more, we have to increase the population, right? Well, if population growth is going down, people aren't having babies. People aren't as excited. That's why when population growth goes down, they worry about the country's productivity, right? But with AI, >> we don't need babies.
>> There's there's no there's no babies.
You literally there's no cap to GDP.
>> There's literally no you can it can go as high and as fast as you want. That's why we have the first trillionaire. So now when this is where crypto comes in.
So if you're going to increase GDP that fast and production is going to increase, you don't have to wait 9 months for a new person to come into the workforce.
>> Money is going to move at the speed of light.
>> It's going to replace you. I mean, think about from when they started factories for cars to where they're at now. Now it's robots that build the cars and it's people that probably check the robots.
Now you'll have an AI agent checking the robot >> and then you'll have somebody that just watches over the AI agent. Yeah. Right.
>> Yeah. So it's like it's and you're going to be able to produce really really fast and then now banks are I think you brought it up about uh was it City Bank or Chase or >> Masterard introduct a is introduct introducing AI into the transaction validation of their >> of their um transactions I guess the way that I so I didn't go deep into the article I just read about it >> briefly on X >> there is something interesting about that too though and this like astrologically related when you guys are talking this kind of popped into my head because every time the north node moves into a new sign which right now it's moving into Aquarius which is the advancement of technology and AI through my lens is is how I see that. However, when it comes to the nodes there's a north and a south and so whenever it goes into a new sign it starts to reveal the good side but also the bad side to that. So when you were discussing white collar people, right, where AI is thinking um more advanced than us, it I believe it's going to start to reveal those those two sides, right? The two sides of the coin of how great AI will be, but also the downside and everything has an a positive and a negative, right?
That's the polarity of all things in this world. Every person has a positive characteristic and a negative characteristic. every every weapon has a positive benefit and a negative benefit.
But I think that's where we'll start to see the positivity of AI, but also the negativity where we almost become too reliant as like a >> as a society.
>> I'm having a law firm do research for us for an issue and he was transparent with me on the call. He told me that I'm just putting food everywhere. That's what happens when you don't eat. Um, and so when you when he was saying that they're taking all the information and they told me that they are going to use AI to help them make their decision, I thought that was weird. I was like, >> I'm not a real lawyer, dude.
>> Right.
>> Could I just done that? Like I could have just easily have done that, >> I think. I think it's because it comes down to what the parameters are, right?
the advice piece of it like this.
>> They also know how to set up the prompts, right? They also know how to set up the prompts based on maybe other case law, other decisions. So, the more efficient you are with the prompt, right, the better result that you're going to get. And I think that's yeah, you're right. we can kind of do it, but if you if you don't have a law background and kind of understand certain things, uh you're not going to be as efficient as writing that prompt that's going to eventually be able to do all the research and give you the results that you want, right? I think the biggest thing is, you know, I I I like uh um I I liked what he had to say, what Wars had to say also. I think the biggest thing about the AI and GDP growth is is it are we there yet, right?
Is it going to be able to come through, right? Are they going to be able to expand fast enough? Are they going to be able to grow quickly enough, right? Or are we going to start to hit a like supply chain issues, right? Are these AI data centers going to be able to be built out in time? I think that's where the risk comes in. And that's where like that potential bubble pop, right? Is like if they can keep up with supply and demand, right? Then then I think he can accomplish that mission. If we start to struggle in any phase of that, that's where you you start to have uh problems, right? And then things get really uh ugly. And then when things get ugly, other things go out of business, even if >> um you know, they're they're not a a scam like an FTX or something like that, right? It's just a matter of they don't have enough runway to get through the bad times. And then out of the ashes is where the true companies with value will rise, right? And so I think that's we're it's awesome that we're living through that. People are going to get affected by it, but for those people that are prepared, those people that have the means to be able to invest in these new things, um I think it's going to be life-changing. I think that's where the generational wealth transfer comes in, right? Is are you prepared and do you have the means to be able to take advantage of the situation when it arises?
>> That's awesome. Yeah, I love that.
You're so right because that that you're right. That's what's going to create the bubble. It's like it's everybody gets excited, everybody starts producing, all these companies pop up, private credit markets keep getting funding, there's all this liquidity flying around, then all of a sudden it's like, oh [ __ ] and then regulation comes in, right? So then they start regul. So like just like with crypto, the Clarity Act, you know, every um I think a lot of people think that right when the Clarity Act passes, everything's going to the moon. I I just don't agree. I just don't agree with that. I just don't. It's um it's And it's not being pessimistic. It's being realistic and data driven. Like you know we we run companies. So for example if if we come up with a new standard operating procedure right for our company.
>> It's not like we just go out there and hit a switch and everybody knows how to do the standard operating procedure like oh but automatically is ingrained in everybody's heads. It takes us six seven months to get that culture built in the discipline built in overcommunicating over and over again right and it's just like that. So seb walking with the clarity act thinkies like oh now we have a framework now we have to build out the infrastructure build out the team build the parameters like I was sitting in the bank I've been in the bank quite a bit lately and I was sitting with the banker and he was still ask he was asking me about crypto he's like yeah I'm not >> he he and he didn't there there's no talk about it there's no thought about it there's no so we're so far from retail bank >> being ready to implement this right and so >> yeah I just think that we have a really good runway ahead of us >> yeah I think that they I think They'll implement speculation pieces of it before that they'll utilize lie well I take that back. I feel like they might utilize the rails of it before they you they start allowing people to utilize it as investing.
>> They'll use it for their own gain.
Correct. 100%.
>> I'm sorry.
>> Yeah, they're gonna >> I'm gonna eat on this cookie.
>> So, I'm trying to put on some size, y'all. May said I'm too small, so get bigger.
>> Oh my goodness.
>> Talking [ __ ] >> Come on, girl. She >> I'm just joking.
>> May likes me thick.
>> There's so many weird things I can say in her.
>> Oh, I'm talking about my body.
>> You weirdo, Jeremy.
>> Weirdo. Weirdo.
>> Why did the innuendos always come from you?
>> Because they're Mario's not >> I know. Yeah, Mario.
>> Inuendos come from Mario and then me.
>> Is that rude to eat on the podcast?
>> No. It's our podcast. True.
>> I guess people can not watch it if they don't want to watch us.
>> It is rude if you leave crumbs on the mic because then D has to clean that up.
>> That's no crumbs on the microphone.
>> No, make or make the Dustin clean it up.
>> Big shout out to D. The back end double D's.
>> There we go.
>> That was perfect.
>> Yeah. Big shout out though, man. A lot of behind the scenes stuff. I mean, they made this thing look beautiful. Wait till you guys see the next >> Oh, yeah.
>> the YouTube video.
>> Lights on the desk.
>> Yep. Lights on the desk. And look, >> I eat your cookie.
>> I know. I'm looking at it. I'm looking at it.
>> Mainly because I want a piece of it.
>> So, what are you?
>> No. No. I ain't open this [ __ ] at all.
>> N. What's going on with you?
>> With me?
>> Looking pretty.
>> I'm just I'm just supporting my team.
Well, no. Actually, one thing I was thinking of because every time you guys are saying something, I'm I'm um I'm thinking about it from like from like an astrological lens. No, but when you were talking about the SOPs, I immediately was thinking about May >> because May is the most >> I I don't know how you're able to like you just facilitate so many things and it's like how you keep track of all that stuff. But one of your major is Gemini.
So now, >> yes, that's right. I know because explain that because we all have our sun sign, right?
>> But we tell the audience again because when you explained this to me the other day, I was like, "Oo, that really makes sense for me because I feel a little bit more internally as a Gemini, >> right?" Well, that's Yeah, that's your moon.
>> That's my moon, right? So like in, you know, comparing to astrology and like human design, human design, like your moon is is what moves you. It's what drives you or it's what drives you crazy. Which is so funny because for me my moon is in the sign of leadership.
>> I'm like how funny is that? But I love leadership but yet it can like you know it's what drives you but then it can also be a pain of like oh my gosh how could I do better? What should I have said different? You know >> so >> that is interesting like the polarity of that. Yep.
>> Right. It's like how your sign can be like positive or negative or anything.
Right. So, I love this color right here.
What are we even talking about right now? This is so >> What channel is this?
>> We don't even know, man. To be honest, >> that's what makes podcast multiple people. You can talk about anything and people will listen or we'll get ideas from stuff.
>> This is what it sounds like though. This is what this is what the podcast's about about. This is what we talk about. We're random and like we come up with crazy ideas and we we actually do it which is crazy. I mean, anybody new to our channel like we've I mean, we used to be in the gym next door sitting on the aerodyine bikes talking about building these companies. Like, we're all piled up with TV trays and like >> wild, man. Wild to think of where we're at. Like, like Gonzo said, like if you really get clear on your vision and where you're going, it's like, you know, we're we're building a billion dollar ecosystem. That's crazy.
>> Yeah, it's crazy. See, Buddy agrees.
Thank you, buddy. Oh, no. Gonzo, >> that was Buddy.
>> Space SpaceX is gonna buy Cursor for $60 billion.
Yeah, like and they don't have to spend any money. Isn't that just based on some of the price evaluation of the stock when it ran up like 20% the other day?
It's dropped down a little bit.
>> No numbers $60 billion for cursor is the stupid no offense cursor, but that's freaking ridiculous.
>> I saw the all that it means is it's going back to what I originally said that SpaceX is literally just a bet on AI. However, I think that having cursor and having a coding platform with for the AI will help do what we were just talking about. Make it where they can create create code and software faster as it relates to space and SpaceX.
>> But a coding platform for >> Do you think the last week's narrative though was on purpose to push liquidity as well though? Right. Like >> Yeah. like like uh the launch of it Friday and then Sunday we're all like fighting and like oh we have a deal right so that kind of pushed liquidity um I to me it's all like very calculated like you think about there like they were very limited in the amount of shares that they released you still have some unlocks that are coming for the employees they made a lot of their employees multi-millionaires and again I'm not I'm not here to say that it's a bad investment but I told the academy this um an investment in a good entry I'm sorry an investment in a good company and your entry point are two totally different things right you could have a really good company that's going to be a great investment and have a really shitty entry right and that's why I think that you need to have um patience and uh I went back and I looked at like the beginning of I Apple and the beginning of Microsoft and a lot of these major like mag seven companies when you look at what those stocks did at the beginning. You see that volatility, right? So, it's funny and and the reason I brought it up is because we were talking about like Bitcoin in the academy and basically the volatility that we go through where, you know, at the beginning it would run up thousands of percent but it would drop 90 something, right? And then it dropped 80ome and now it dropped 78 and we're guessing that it's going to drop 70.
When you look at something like Apple, it would run up 50 60%. And then it would drop 70%. Right? because we were at the beginning we were in this very speculation mode of the potential of what it could do, right? And so that created the volatility. So all that meant is one you either just hold it very long term or you just pick your spots better, right? You let it run up and when it crashes, that's when you buy up, right? You don't panic sell. And there was a lot of people that got shooken out of those projects out of Apple, Microsoft after a 70 80% drop because they weren't used to a stock moving like that, right? And so a lot of people um panic sold out of it. But now when you go back and you look years later, those were the absolute best entries ever. And I think when you look back at Bitcoin, it's going to be the same thing, right? We're going to get these 70% drops. People are going to be freaking out. um they're going to be panic selling, but they're going to be the absolute best times to accumulate that if you weren't there at the beginning, right? It's just like the next best time to be able to accumulate that asset. Um and I always Bitcoin is moving like like a tech stock, right?
Like Apple or Microsoft, Google, all those things. Look back at the charts, look at the volatility that it had and then where it at where it's at today, right? And so I think it's something very similar that we're experiencing except it's with blockchain and and you know AI and that that whole meld of things.
>> Yeah. And like co Kobe Cobber Kobe Barrett said that uh I don't know if you guys saw that video where Trump literally went on I'm reading his comment. Trump literally went on stage and said they drive the stock market with their narrative. He literally snitched on himself. He goes he goes you guys see how the stock market goes when I say peace and then I say war. Like he literally said it out loud. It was like came out of his mouth. It was like we it's a taco theory, right? Taco.
>> What's so funny too is Trump is a Gemini. And so when you think about Gemini, it's represented by the hands or the twins, right? So duel. So he literally >> his sun sign is fully represented of how he is in politics where he's like >> flip.
>> I'm I'm here. I'm there. I'm here. I'm there. Yep. Yeah. Dude, that's I mean >> I didn't think about that. That's very true.
>> No, seriously. When I put that I was like, "Oh my gosh, >> there's like two people wishy-washy."
>> Yeah, this is so funny to see it play out like that.
>> Hey, Gonzo, you want to do some TA?
People asking for that TA while while you're pulling up TA real quick, I just wanted to the the other thing that happened last week with Elon Musk, a lot of it was was created because they got an approval. So, most of the time when you go on an IPO market, you have to do what's called like a 10% float.
>> Okay? And that means that you have to give up 10% of the shares to the public, right? They got an approval to only do a 5%. So they could keep more control and more of the money inside of the actual company.
>> And so so again, what that usually does is it creates a scarcity environment for people to flood into Space X. And the thought process is that they did that so they could at least manufacture a 20% increase in the price. And I think at one point it got up to 30%. I don't know what it's right now. Um in the increase uh and so so again it's one of the things that we don't realize but most of the times all these things can be manipulated and manufactured and he was able to get that because of the donations that he did well the thought processes is the donations that he did for the current administration.
>> I was I went to go sell so I was selling on the way up and I went to go sell and it gave me a warning that if I sell the rest of it that it's going I can't do an IPO. It's going to block me from IPOs.
Yep. Yep. They restricted that.
>> Oh yeah. I tried >> I went in to the follow my strategy and I had I had sold off but I I had sold off. So I only ended up getting 100. It only gave me 100. Block me. And then I sold 20 and I went to go wait. Let me do the math on my hand here. I need to get down to six. I need >> 100 but I have five fingers. What do I do?
>> You don't know these cookies have shrooms. Okay. And he just ate five of these. That's what happened.
Um anyway, so I went to go sell again and it gave me a warning. It said if you if you sell under 30 days, you will not be able to do an IPO again.
>> So put that all together guys, right?
The the floats got adjusted. This mic here, the floats got adjusted, the timelines got adjusted, the >> their ability to get on the NASDAQ >> like Stone said it's not true here. I'll try to sell it right now. I'll show you guys what I'm talking about. Because that's the other thing too is NASDAQ allowed them to be in the 100 which isn't usually allowed. They had so many things for this IPO that's not allowed to the to a regular company that's doing an IPO which is ridiculous.
>> I think what they're trying to say JV is they're trying to say is that uh not that they're going to block you is that Robin Hood's trying to scare you.
They're giving you that message and what they're saying is that they've sold every IPO that they've gotten into and then they weren't blocked for the next one. I think that's what they're trying to say.
>> Yeah. Robin Hood might have my own personal opinions on Robin Hood and their CEO.
>> So, I'm going to try to sell it right now.
>> You don't like Robin Hood and the CEO?
Is that what you said, Jeremy?
>> No, I can't stand Robin.
>> He's not going to show my account, is it?
>> See what it says?
>> It shows his entire account.
>> I just want to make sure it's not.
>> It's going to give his login password.
>> You see what it says?
>> What is it?
>> Says IPO flipping.
>> I've never seen that before.
>> They They don't want you to be flipping.
That's interesting. Uh, if you sell it within 30 days of the IPO, it's considered flipping and you'll be restricted from participating in IPOs for 60 days.
>> Wow.
>> Yeah. The main one I want to get is anthropic, >> right? Me, too. That's what I >> want to get so bad.
>> More so more so than OpenAI because they're being investigated right now.
>> Flip that [ __ ] JB.
>> I know.
>> I like you.
>> I know. I was like, damn.
>> That's funny.
>> Yeah. But I I think overall it's going to be like I was saying when you look at the history of of these major like any of the Mag 7, Nvidia, all of them, right? Apple um it's either this thing where when you buy you just hold make sure you don't panic sell or just pick your spots better when it drops and then if you hold it long terms it plays out right.
>> Also, can you look up the chart for for SpaceX? Give us a rundown.
>> Yeah, I can. I mean there there isn't a lot of data. What I was looking at I was looking at tether dominance. That's what I had pulled up. Do you want me to add it to the stage, D? I don't want to be messing with the controls.
>> There it is. Yeah. Yeah. And so I'll go to that real quick.
>> Get into Charles Schwab. I'm a big fan of Charles Schwab.
>> So this is Tether dominance, right? This is the biggest stable coin that we have.
We use this as an indicator to kind of give us a leading indicator of what the market is going to do. When Tether dominance expands and goes up, the market retracts. Why? It's because people, think about it like this, people are taking their Bitcoin, XRP, Salana, whatever the hell it is, and they're selling it into Tether, into a stable coin. They're going off risk, right? And so then that means that the dominance of Tether goes up, right? When the dominance of Tether shrinks, you can think of it as people are using the Tether that's in their accounts and they're buying Bitcoin, XRP, Salana, whatever that is, right? And that's why we use it as a leading indicator to try to tell me which way are we going, right? And I've been saying this now for a while. Like if this was a regular crypto chart, this would be bullish as hell and I'd be saying this looks like it wants to break out. So as far as the markets related, this looks like it wants to break out. That means the market is going to come down, right? And that's why I've been I I I have said that I don't think the bottom is in. You know, we were going to break 60K, we broke 60K. It only went to 59K, right? I think that lower is coming. But there's a pattern that happens in technical analysis, not just in tether dominance.
But like in any kind of investment where you're reading charts where when you have a resistance level like this is our resistance level. This is actually the top of tether tether dominance. The highest that we've ever had of tether dominance is right here on the left. It was uh 9 almost 5%. Right? That means that uh 9.5% of the market was tether.
Everything else was everything else.
Right? And so you've seen that this was the all-time high here in June when Teraluna collapsed. Then we swept it again back when when uh Bitcoin was going to bottom out in November of 2022.
And then all of that great price appreciation happened when all of this dropped, right? And then look where we're at. We're near the top again. And usually you get about what's called four or five hits into the resistance level and then a breakout. So you have one, two, three. Now we've hit four. So what I'm thinking is when we hit five into this 9% level, this is going to go higher, right? We're going to make an absolute brand new high in Tether dominance. And it makes sense. Think about like the number one use case of blockchain is stable coins, right? You keep seeing how much Tethers being minted, how much USDC, how much RLUSD, right? RLUSD. It just keeps growing and growing, right? So, it makes sense to me that this will not be our all-time high.
We're going to make a brand new one. And when that happens, that's when Bitcoin comes down to lower levels, right? So, if we can sweep up, if we can sweep up back into these highs, this is Bitcoin going to 55K, right? 58K. If this makes a brand new high and we break out and go into like 10, 11%, this is Bitcoin going into the low 50s and maybe losing 50K.
So, that's what we're paying attention to. That's what we're watching. This thing looks bullish as hell and so I think it's going to break out. Um this is a very high time frame like the weekly. So I don't think that the low is in. Um all of this negativity surrounding micro strategies around the crypto market. These are all just narratives that get Bitcoin to lower prices that get XRP to lower prices, Ethereum, all of that. So it's just going to take patience. Um we thought we were going to get a major low in June and that's the way it's playing out. And so we just have to be um patient. But I think I'm still on track for the bottom to be formed in Q4. I'll pull up the um you want the uh uh what do you call it?
Uh SpaceX, right?
>> As you're doing that, did you see Michael Sailor, man? This guy, he's got balls of steel, man. Markets are closed today. Volatility is never easy. Bitcoin keeps working. So do we. Thank you for your support.
>> Yeah, he's hanging in there, man.
>> He's got that integrity. That's for damn sure.
>> [ __ ] man. I like I like people with coones like that where it's like hey I'm going down with the [ __ ] man.
>> I don't think it's going down but >> I don't think it's going down anyway whatsoever. I think that he's too >> I think what they engineered is too intelligent for that. Yeah, >> I think it's a new look at the way in which we have have can have securities, right, and a way in which that we can structure new financial >> um uh I guess new financial products.
>> And so I think that they're doing that.
And I don't think that there's any reason not to >> um believe in some of those strategy B products.
>> Well, you look at Stretch right here, right? Like we got that big collapse down to like uh we're talking to JB and Jackie on our text ride. We got down to $82. It's recovered to 88. Right? The big thing and why everyone's upset is because every other time it pinned back to 100. Right now, it's not pegged to 100. It's not like something like uh I was talking to JV and Jackie about this.
It's not like an actual peg like what happened with Teral Luna where you had Teral Luna the st uh the cryptocurrency that was pegged to the algorithmic stable coin. And what happened was is there was a death spiral that kicked off and they both went to zero, right? And so this is different, right? There is no peg to 100. What it is is our belief in what like strategy B is doing, what Michael Sailor is doing, the financial products he's creating, right? So there's no actual peg. It's more of like the opinion and the belief that this is going to go back to 100, right? And I think just right now they're going through this whole negative kind of narrative of that they have to sell Bitcoin. Can they continue to pay the dividends? all of that stuff that's created the like the for it to go lower.
But for those that believe like this was a great entry, right? This was like at $80. It was a brand new low.
>> Yeah. Can I interject on that though?
Something on Gonzo too is because the thing that people need to remember it's a preferred stock. And so preferred stocks worked like fixed income. So in fixed income markets, you have a bond. A bond has a par value of $1,000. The the value of the bond can fluctuate on an open market. But essentially the way that it's going to work is at the end of the day when you get repaid and for the coupon payment or the interest payment, it essentially you get back the par value of it being $1,000 on the receipt of you closing out the deal whenever the bond actually goes through. And so preferred stock works similarly in the regards to the fixed income piece of it.
And what they're doing is they're having the $100 be a par value. And the idea is that the dividend rate is going to float against that so that you can get the par value back to $100. So again, that's why in the statement it talks a lot about how the dividend is going to fluctuate or can fluctuate so that they can re get that to par value kind of the way you can think about another fixed income instrument like a bond to the $100 value, right? And so again, I think that it's an it's an interesting strategy. uh it's a new type from my understanding it's a newer type of way to do it with this type of preferred stock and again I think that it's something that I personally actually don't have a problem owning but I'm not going to give any >> I have a question um and apologize I haven't dove into it but did you guys see Black Rockck is creating is it a preferred stock they're creating through Bitcoin they they created an incomeroucing >> they did yeah >> they did I saw that >> I was just trying to data >> is that SATA that's why everyone's been saying um that they're leaving Michael Sailor's stretch to go into SATA, which is >> what's it called?
>> It's producing >> because it's producing around 12 to 15% per year.
>> It's beating the percentage.
>> So, it this is >> and it's at 100.
>> Yeah. But this is no different than what we've been seeing with the high dividend option income ETFs that we've been playing, right? People have been bouncing around from company to company to company and you're seeing it right now. Same thing.
>> Black Rockck's preferred. Is it Would Black Rockcks Was that a preferred stock as well? Are they doing all the copying?
Michael Sailor.
>> Wait, sad. Is it Is it Black Rockck or is it Strive?
>> This is saying it's by Strive.
>> Income by Bitcoin.
>> Yeah, Strive Inc. Yeah, >> I'm going Bitcoin.
>> Even this one, I'm looking at this one.
This one's It's already $97.71.
So, it's already deped itself from 100.
It got as low as $94. So all of these like Jeremy was talking about, they're all based on confidence that it's going to stay at 100. It's not an actual like peg, right? Like like Tether is pegged to a dollar based on the backing that it has of of cash derivatives of treasury bills, right? And so really >> uh stretch is based >> Go ahead. Can I just add something real quick?
>> Yeah. is that is that is that the thing is is that in the same way with fixed income like with a bond the coupon rate and value of it helps restructure that when the bond ends you still get the par value of the $1,000. So in the same a coupon payment is the dividend payment, right? And we're if we're thinking about a bond and comparing it. So, in the same way with the preferred stock, what the they're doing is they're adjusting that dividend payment, which is the the income piece of it, so that it it reputs that par closer to that $100. But on the open market, just like a fixed income bond, it's going to change its value.
>> So, I'm agreeing with you. I just wanted to add that for >> Yeah. No, no. And that's what we're experiencing, right? And that's why you get the volatility because the other thing that happened to Stretch is that as they saw like the volatility in it, you had institutions step in, right?
Like and I would I would tell some of my ascension clients, you and I, if I buy Stretch at $90 and sell it at 100, I made 10 bucks. I would never do that, right? But if you're an institution and you have billions of dollars, you're going to arbitrage that. You're going to buy it at $90 knowing that they're going to try to bring it back up to a hundred, right? And then you're going to sell it and you're going to make that arbitrage.
And so as they create these products, I I don't want to say it's an unintended consequence, but everyone's trying to make money somehow. And so now you have billions of dollars that are at play that are now trading that arbitrage and making a a [ __ ] ton of money, which is creating more and more volatility.
>> This is crazy. We are literally on the precipice, for lack of a better word, of a brand new >> financial structure because the bid is doing the same thing. Everything's moving to an options is an active income option strategy. So they're utilizing what YieldMax is doing and now more and more companies are going to do that to create income generating assets.
>> That's what I was thinking.
>> This is Pluto and Aquarius.
>> Isn't this this one's more like yield max versus uh Michael Sailor what he's doing, right? They're doing all different. Bida is literally like yield max. It it is it is using a Bitcoin ETF portfolio to to track track to track the movement of it but then it is actively creating income visa v options >> strategy.
See, yeah, that's so again what I said last week when I said Michael Sailor's Yeah, go ahead. Um, when he said volatility is vitality, >> I this is exactly what he means is is the continuous trading is essentially going to be what like >> creates the liquidity or what creates the growth. The >> growth exactly.
>> Yeah. Because the volatility if you understand the game, volatility is your gift.
>> Oh, 100%.
>> Yeah. So, us like volatility. We love volatility. We love red. Like, I'm praying that Gonzo's right and Bitcoin goes down to $2,000.
>> I'm wish someone's gonna clip that.
>> Please clip it. Put us out there. This thing will blow up.
>> I'm kidding. I I said that >> this will be the most watched podcast ever.
>> I know. Just kidding.
>> We like We like fun.
>> Me, too.
>> Yeah. So just to be clear that Bida is is different from STRC. So STRC is a preferred stock.
>> Bida is a they're doing options.
>> They're doing an options. So they're using Bitcoin as the So you know how like is so like when Micro Strategy goes up, Misti goes up. They're using Bitcoin. It it's being built to follow the movement of Bitcoin for the valuation of it. But then they're I don't know exactly what the options is they're selling. I didn't read that far into it, but then they're selling options in some capacity to gain income and then they're using that income to pay out to the shareholders or the ETF holders of it. Um, and again, this is an eyesshares product. I always say this because people have negative connotations to Larry Frink, which is fine, but that that's a beta is an eyesshares product which is owned by Black Rockck, which is ran by Larry Fink.
>> And here's Can I say something? Here's my thing, too. If what Michael Sailor is doing is such a scam, right, and such a Ponzi, then why is everyone else copying it, right? If it has no sustainability, then why does Strive now all of a sudden have SATA? Why does Black Rockck all of a sudden have Bida? If it's such a scam and they're going to go to zero and they're going to, you know, like uh Strategy B is going to go to zero, why would these other companies all of a sudden emulate what they were doing and started to put out their own products, right? So again, to me, it's all emotion. It's all narrative. It's all negativity. And it's going to create the volatility in the price. Volatility, like Jackie says, is vitality.
Volatility is my friend, right? As a trader, I'm looking for that volatility.
I want to get my entry at the best possible entry as possible. And then again, with the dividend strategy, you're not taking profit. But you don't have to stress as much for that nav erosion, right? If you're getting in when it collapses and then all it does is just go up, it stabilizes that dividend and then you don't get emotional about some type of nav erosion because your initial investment or your principle has gone down in value, right?
So you make clearer decisions. That's the way that I always explain it.
>> See, but I do see this as so so right, we had Saturn conjunct Neptune in Aries at the at the 0 degrees point, right?
And and so usually that sets like a whole new economy, a whole new financial infrastructure. But this is exactly what I believe is like the illusion behind what's about to come is even though we're seeing all of this legitimacy by legitimate companies open these up. I I do believe that there's going to be at some point like a a hard stop and like a hard because these are all synthetics and they're derivatives, right? Right.
And so when we get further and further and further into synthetics and derivatives markets, that's when we see the house of cards collapse and then the foundation of what's actually legitimate starts to emerge. Correct.
>> Mhm.
>> So they're selling they're selling options on IBIT.
>> That's how they're doing it.
>> So they're trading.
>> So they're they're they're they're selling the options blocks.
>> Oh I off of their IBIT ETF.
>> Okay, that makes sense. So that's a derivative of their IBIT ETF. Derivative off of a >> der. Yeah. So, so, so, so essentially the holdings of this they're >> changing the the holdings of so this is what it's hel is the holdings of it are so the holdings of bits are bitcoin obviously then it holds i bit which is going to help them cover which is going to help them cover their options trading um and then they have they have cash and then they have black rocks cash fund treasury agency money market fund in it and then they have a bunch of different variations of the iid offerings that they offer um and then so that's making up what's going to create the the valuation structure of it. And then it looks like they're selling option of blocks against their IBIT and then they're using that income to pay back to the people which is the dividend piece of it.
>> 12 to 15% per year. That's crazy. You throw a million and you're at 100K.
>> Yeah. Yeah.
>> 100K passive income >> which again capitalism works when you own assets. So own assets >> is okay. So So with the Sorry, I'll go back to real quick. Is so just to clarify because we have a lot of people in our academy that are into options and stuff. So these ones have nav erosion.
This could have nav erosion.
>> Yeah. Yeah. Anything can have nav erosion. Nav erosion just nav erosion just the reason why misti does so fluctuate so much because of what it's tied to which is also in then indirectly tied to the bitcoin market. So not only is misti tied to micro strategy, right?
Micro strategy in essence moves the way in which Bitcoin moves. So you could also think that Misti is volatile based off of the volatility of Bitcoin. Right.
Will be volatile based on IBIT.
>> Correct. Bid will be volatile based off of IBIT. That same thought process.
>> Yeah. I guess what I was trying to say is that probably made me sound dumb, but uh what I was saying is No, I mean what I'm saying is the um STRC is designed to be stable. This is designed >> correct. STRC is designed to work like a bond that when it it's going to adjust it and it should get it back to trading at $100 roughly. Got it.
>> Perfect.
>> Yeah. You could think of it like uh especially with like stretch um micro strategies or MSTR just the regular stock is levered Bitcoin right on top of that layer is Misti which is levered MSTR right so that's how far removed you are from Bitcoin but more volatility to the upside right and then but definitely more volatility to the downside >> yeah like the nav change the nav the nav change on bita today was like a 15.
>> Yeah. That's why though Michael Sailor is so ingenious because he's the first one who represented this this and he that's the way he described it was he compared it to oil which was ingenious because our entire economy right now is based off of the petro dollar system which is based off of oil right and so he describes Bitcoin being that pure product that now new synthetic things will be created off of. Yeah, correct.
>> Genius comparison. When I listened to that, I was like, "Oh my god."
>> That also goes back to the weird thing that we created value of Bitcoin based off of us being able to utilize it for value. It's like it's bit Bitcoin's this weird circular reference point to the value that's continuing to be created with it.
>> Yeah.
>> Yes.
>> Yeah.
Well, that's that's important that like I think we should slow down and talk about that for the general public in regards to what we're talking about is >> Bitcoin everybody's like it's a pet rock. Not no more because they're building true products. They're building correct. It's like a layer of a financial system where now they're getting income producing products off of it. They're correct uh preferred stocks off it. They're building a new financial system off of this one pet rock that they say.
>> Correct.
>> And now it's actually building future financial products. Right. It we in essence like even though it has a value like it's blockchain can be utilized for specific things. We've decided as a community that that Bitcoin is something that can store value over a period of time. And because we decided that as a community, we then decided that we should use that store of value that we decided to create as a community to create these other financial products.
And now it's creating an ecosystem that utilizes Bitcoin, which again we just decided has a value to it.
>> Yeah. Yeah.
>> Which I guess we do that to dollars, too. I mean, we do that with literally everything that's not that doesn't have an intrinsic value in it of itself.
>> You can do it with any commodity like what he's building with like digital credit. He didn't invent credit, right?
They've they've built the >> uh they've done what he's doing before with other commodities. He was just the first to make a digital version based on Bitcoin. Right.
>> Right. Yeah. Yeah.
>> So, >> but we've seen this before, Jackie.
Right. Like, think about when crypto first started and DeFi blew up. What did we get? A bunch of synthetics, right? We got synthetics based on other cryptocurrencies. So, it was one layer on top of another layer, right? And then that's that's what eventually led us into the Terral Luna debacle, right? It was Ter Luna based on its own stable coin that was programmed algorithmically, right? And you had to like burn and mint a certain amount of either their stable coin or the cryptocurrency to keep it stable and pegged and everything worked out. They were paying a super high yield. And I'm not saying this is going to happen with Stretch. I'm just saying like the I've said this before, what you're seeing is you're seeing a merger of technology and finance, right? and the technology people will continue to push the boundaries of the tech, right? And then the finance people will jump on board, right? And sometimes they're going to make magic and other times it's going to be a complete and total catastrophe because they're two different things and both of those worlds are pushing the boundary in different ways, right? And that's what Terra Luna was. We hadn't had an algorithmic stable coin work out.
I don't know why we thought it was going to work out, but people did, right? And then there was um a flaw in the way that it um worked. And all it took was someone that had enough money to pump into both and they created the death spiral that created them both to go to zero in like 72 hours, right? Um and I'm not saying that's happening with Stretch. I'm just saying like that's where we're at with technology, right?
You're bonding finance with technology.
They're going to push the envelope of technology and every once in a while they're going to make that magic happen like what Bitcoin became and other times it's going to be a complete and total disaster and it's going to be another Terra Luna, right? Uh and I think that's going to continue to happen.
>> Gonzo, I was just going to ask you that because um what you just said uh I was wondering if it was someone manipulating a stretch to do that because Michael Sailor said they're investigating they're building a task force to investigate why Stretch decoupled. You think there could be something like that? Like a teruna thing where somebody is purposely trying to decouple it?
>> I definitely do believe that they're gonna do that to >> it. Yeah. It can't create a death spiral it like like what happened with Terral Luna. I think you need to have enough money or own enough of it, >> right?
>> That's why it's come down so much. Boom.
>> Hold on. Hold on. Hold on.
>> No, no. I just It just clicked because I Jamie Diamond's like he's all pissed off at Coinbase.
>> They're going to manipulate the [ __ ] out of Bitcoin.
>> That's exactly it. We all going to get a big buying price, baby.
>> Manipulate that [ __ ] >> But I hope that they do this with their eyes. Sorry, I'm still You got >> I'm still here on the prospective >> stripping in the evenings.
>> Sorry, I just ruined the whole conversation.
>> No, I love it.
>> No, no, that was awesome. No, that was great. No, that was great. Right. And that's what's because that's what's affecting it. It's the price of Bitcoin that's going down, the volatility that's in it, and then you also have a [ __ ] ton of sell pressure, right? Like I said, there are institutions that were arbiting the price of Stretch. So, they own a lot of it, right? So, instead of buying it back to make it recover, they could just sell it, sell it, sell it, sell it, and keep pushing it down.
>> I could just see them behind the scenes going, "Let's just take out Michael Sailor." Like a group of bankers like, "Let's just take this dude out. Let's drop the [ __ ] out of this." And Michael Sailor's like this warrior just hanging on, dude. like and he just keeps buying.
>> That's what I believe cuz he's not in the in club, >> right? And so if he's if he's capitalizing on all this, they don't like that.
>> Damn.
>> I didn't realize this. Sorry to move away from that. The eyes share staked Ethereum Trust ETHB. I didn't realize that it it it's they're utilizing it to create income from the staking component of Ethereum.
>> Yep.
>> Yeah.
>> But I don't know if it's paying it back out. Anyway, sorry you guys were already aware that I was reading on all the >> No, that was one of the that was one of the new upgrades, right? As we got more clarity with the new SEC um that was one of the things that they approved was uh a staking component in those spot ETFs, specifically Ethereum. I think Salana does it too. And so it's built-in yield, right? It's built right into the blockchain. Now it's what, like three and three% three something percent, >> but still it's built in. Yeah.
>> I don't know. That's just interesting.
That means that we're if if if with the clarity act more and more of these investment companies are probably going to use these types of strategies especially they can now that they can see the money that can be made from the derivatives market on their own funds.
They'll start creating new funds.
They'll use those funds along with other things to make replications of the movement of those funds and then they'll sell the options blocks against them and we're going to have a ridiculous creation of income prodducing assets for the lack of better way to say it.
incomeroucing assets.
>> Man, that's an awesome opportunity for people that are out there >> in my opinion to get into these type >> I God I just I just all this my brain just opened up to a whole >> I feel like though it's Yeah. I feel like though it's going to be rough before it's like smooth sailing with a lot of these derivative products. Like I think so many companies It's no different than the dot era. Right.
>> Right. We're going to get a bubble.
We're going to get a bubble of these types of products.
>> That's what Yep. Exactly. I just I want to show a visual to people what we're talking about because I think a lot of people like I'm going to show them all the different products we're talking about real quick >> because I want to show you guys like we're just throwing out all these things. Okay, so let's start with strategy.
>> Can you guys see that?
>> Nope.
>> Nope.
>> No. Where you at?
>> I was also not on the right.
>> Oh, there you go.
>> There it is.
>> Okay, cool. So, this is what we're talking about. This is stretch. So, this is MSTR. This is my strategy B. This is stretch the product we're talking about.
So, this ideally should be around $100.
It's decoupled. And that's what we're talking about is that we believe or I just asked and I do believe now that somebody was trying to decouple this from $100. Okay. As this goes down, this seems to go up. This is this is paying 11.5% yield. So basically, this is operating like a bond. Ideally, this should stay somewhat stable to $100.
>> Then you got Strive, >> which is is that the same type? Is that like a bond? Are they operating like a bond?
>> I know nothing about. So annualized dividends paid daily.
>> I do think it's similar. SATA.
>> Let me go. I'll go look at it. Let me go look.
>> Different company. I had it up a different company.
>> Guys, you see that?
>> It's daily.
>> Where? Stretch.
>> Am I watch >> you get a daily dividend?
>> That's amazing. That's >> SATA.
>> Financial engineering right there. Can you imagine get paid every single day?
>> Go buy it. I love getting paid every day.
>> Okay, then we got then this is the this is bida. So this is this is like a bond.
>> Everything we are talking about is not financial advice.
>> I'm not switching this, right?
>> No, I didn't see it.
>> Oh, yeah. Sorry. This is Stripe. Sorry.
Sorry. You guys don't even see what I'm talking about. See where it says paid daily.
>> So, so since uh uh STRC was like, well, let's start paying bi-weekly and now they're paying daily. And then you got these kitty cats over here creating bida, which is options.
>> Can you guys see that? The Daily Dividend Company.
>> Daily dividends.
>> Well, Strive calls themselves the daily dividend company.
>> That's interesting, dude. You could create immediate cash flow. Uh, that's pretty badass.
>> There's no excuses anymore.
>> Yeah, that's what my point was. There is no excuse for someone to have to get enough money to buy a house to get income from the rental property when you can fractionally start buying up these dividend playing ETFs and start getting cash flow almost immediately. That is crazy. So, if you put a 100 grand, are we on the right one? Strive now. So, if you put a h 100red grand in Strive, you'd be making about $13,000 a year, right? About $13,000 a year off 100 grand. Would that be correct?
>> Yeah. Based upon that, >> what would that be daily?
>> Okay. So, we got 113,000 >> EPY.
>> What would that be? How would I figure out this? 365. No, >> how much a day?
>> Yeah.
>> Divided by 365.
>> Divided by 365.
>> So, that's 35 bucks a day >> off of how much? 000. 100,000. So if you put in 200,000, that's 65 bucks. So if you put in a million, what would that be? 130,000. 130,000. So if you put in a million dollar, you divided that by 365.
So you'd be making 356 bucks a day.
>> Mhm.
>> Now imagine d-risking that at the right time. Not even at the right time, but into other >> on a just on a dollar cost average every single day going and buying another asset. Yeah.
>> Exactly. You're just averaging your way down as we go into the bare market and you're just averaging yourself down and then wait till the next run, right?
>> Depending on what the volatility is of SATA. I don't know how >> they come out with SATA.
>> Plaza is ROC. Yeah, they all they're all doing ROC.
>> Well, not this is not financial advice, but I think that already we're just we're just we're having a conversation.
>> It's also free. So, I don't care if it's financial advice because you're all watching this for free.
>> That's true.
>> Hey, but you know what? Here's you don't need 100K, right? And if you want to tweak the strategy, right? Like if you don't want to buy weekly and you want to be more selective because you don't have a lot of money, then you could collect the dividend, let it collect up, and then when we get a major correction in the market, the crypto market specifically, or a stock, whatever, right? Then you go in, right, with what you've accumulated. So I I get it. Like people always say, well, well, you guys have money and you have this then that, right? No. Like, so tweak it so so that it fits you, right? So if if you're able to collect a few dollars a week or a day, whatever it is, let that build up and then when you get a major liquidation event, now go in with your money, right? When the market recovers, you're already up on that investment, right? But also make it to fit you.
>> But also, Gonzo, that's what that's what more is impressing me about this is because of the fact that if you're on something like Schwab or Robin Hood, you can buy into these things with any amount of well probably like five bucks, but you can buy into most of these at a lower amount. And while and you're still getting the same percentage of cash flow. It may not be that the the values as high, but the percentage wise you are now b owning an asset that's producing you income and you can go in with 10 or 15 or $16. And if you have discipline to continue that and grow that and be mindful of it for the long term, you can create something that creates income for you >> forever. Forever. Yeah. Well, yeah.
Think about that. If you if you was at the Strive one at 13%. I mean, just say it went on in perpetuity forever.
Nothing never happened. Correct. Well, yeah. That's >> right. You just keep stacking it, keep stacking it. You're making 13% paid daily. Then you take the daily compound and you put it into something like XRP.
>> It's like my god, this is crazy.
>> I know this >> this is financial engineering going on right here.
>> This is wild.
>> I don't know why we were talking so much. Are we going to do questions? We got so excited.
>> We got so excited. We >> question.
>> Yeah, let's do it.
>> Okay, let's do questions.
>> Question time.
>> All right, D.
>> All right, question time. Here we go.
Here we go. Our first question is from a trolls for you 713. What are your thoughts on Jasmy's >> data democracy project US owning our data through PDL personal data lockers?
I don't want the I don't want the government owning it.
>> I have no idea. I don't even know what that is to be honest.
>> I think Jasmine is a cryptocurrency.
>> Oh, gotcha.
>> Or is it us meaning people? I'm in support of us people owning our own data because we never realize how much money Meta gets paid off of the fact that we utilize their platform >> and they're essentially utilizing information that they know about us >> and we don't get any cut of it, right?
>> Which I think is ridiculous.
>> I I'm assuming I don't know if JASM is the cryptocurrency project that started in Japan. I I don't remember if it has to do with data, right? I I I think that um >> yeah, I mean that's the whole point of blockchain and what's going on, right?
Is owning your own >> data and and when you talk about like blockchain and the evolution of blockchain and zero knowledge proofs.
That's like the whole point, right?
Where you can create a zero knowledge proof of your identity and then I can go do an exchange or whatever and prove who I am, right? without actually releasing any of my personal information because they've created a zero knowledge proof of that. Um, so I think uh it's an important narrative. I think it's an important use case, but I always tell people like we need to get the rails done, the foundation, the finance part of it first and then we'll build other layers on top of it. And I always give the example of the internet, right? When the internet first started, one of the biggest use cases once they got HTTPS, right, was email, right? being able it didn't matter what platform you're on you can send email to each other right so for me with blockchain we need to get the finance rails first the foundation and then they'll build on top of it right what happened with the internet it started off with email everything got on some on on one page right and then it turned into this which is zoom now we're doing a show where these guys are in the podcast studio and May and I are zoomed in right it'll be the same thing I think for blockchain once we get the finance part of it the the foundation and the rails down, they'll build other layers on top of it, right? That we even thought of. Maybe it's the supply management thing. Maybe it's finally that gaming component that we thought blockchain did very well for. But I think we're just ahead of the game on that. And you first need to get the the base and the fi the financial rails first and clarity and all that and then they're going to build other things on top of it. So, anything like that about your personal data, I think it's a great use case, but I think it'll come later once we get the foundation set. That's just my personal opinion >> thinking about that too deductively right why the financial roles first because that sets the precedent for economy and that's how essentially us as societies are able to function and prevail right so it's like economies thrive on transactions right and and the ability to transact between each other so it has to be that that is the foundational layer Very nice.
>> Sorry, I'm distracting D. I was just giving him a message real quick. But uh it's I just looked up Jas Me, too, and I think that that's actually a really cool. I didn't know much about it. I think that's a really cool project. I'm a very big advocate for us owning our data and not letting people sell it and utilize it even if it's not being directly sold against our will like the data itself.
>> This tank top is salmon by the way. No, it's >> No, it's 100% more salmon. It's not pink, though.
>> It's like rose.
>> I agree with I agree with Jackie. It's not salmon either. It's like somewhere between the two.
>> It's salmon.
>> Salmon.
>> What color is it?
>> That's a good point. It's not salmon.
>> I like the rose.
>> Ride or die.
>> I rose might be I think rose. What's it say on the package when you buy it?
>> Red. I don't know. I don't >> basic >> basic [ __ ] No, I'm just kidding.
>> Basic [ __ ] Basic [ __ ] Basic >> basic [ __ ] Red. No.
>> All right.
>> Oh, Skim's pajamas, guys. If you guys want great I know it's Kardashian's pajamas, but they're dude for guys. Skim Raven got me Skims pajamas.
>> Only thing I I get home right when I get home.
>> Skim pajamas.
>> Dude, they are amazing, dude.
>> Are they?
>> They're like from the 1950s, you know, the button-up pajamas. Oh, yeah. Yeah.
>> What's the What's the What's the material?
>> I I don't know. But it's it's like it's money, bro.
>> Yeah. It feels like money. It feels like money. But >> that's uh Kim Kardashian's line.
>> Yeah. Kim Kardashian. Yeah. I know people are going to hate on me for that, but Raven got it for me. She's bougie.
And I love my pajamas. So, >> dude, the amount of the amount of companies that we are like giving free ad for.
>> I know. I was like, >> we're doing some a lot of free advertisements.
>> Where's the vins line? Here we go. Let's see how much these bad boys got.
>> I want comfortable question.
>> Next question.
>> I'll buy him for it.
>> Next question comes from staged one, two, three. Coach JV, why pay capital gains taxes if your trust structure instead of using a dictionary, a discretionary spinthrift trust to defer taxes and enhance asset protection?
>> Um, I mean you can >> you can Yeah, of course you can. It's it's um it's really I mean other than I guess the question is a lot of people talk about that it's not as easy as people state it to be. I think it's important to meet with a qualified we work with um I'll just say that it's better just meet with a qualified tax lawyer. Um and I think people you're talking like the Rockefellers things like that. Um there's a lot of infrastructure that has to go into that.
So, we have a a revocable trust that owns a Wyoming LLC that owns all our assets, things like that for protection.
Um, I don't know enough to explain the Spenthrift discretionary trust. Uh, but I think there's a lot of information online and I would just say consult a very qualified tax lawyer and uh, trust lawyer because just before you, you know, there's there's there's you always pay somewhere. There's always somewhere to pay. But, yeah, it's not how I wanted to structure my family. There's also appropriateness too for where you're at with your net worth because like at every level that you go there's it will require a different version of yourself and it will require a different version of your team of who you work with um and also on what's important to you and the things that you want protected not protected or things if you want changed you know in this lifetime or not necessarily for the next. So, I think something that's a good topic because I feel like a lot of people rush um into some of those things when if you don't have, you know, a trust in the beginning starting with a revocable one. Um it's like just get your feet wet and as you grow in your net worth, you know, things will change and um yeah, then so does your team and the things that you need.
>> And I think too to answer the and it's a fair question. Thank you babe. the the the the reason why I operate the way that I do and the reason why I pull profits is because we work with companies that do tax mitigation tax strategies. We're able to get into 506c's uh able to mitigate a lot of um adjusted gross income. So, there's a lot of different things you can do to move your tax dollars around. So, there's just a lot of different strategies. So, we have a pretty badass team that helps helps us mitigate I don't know what tax mitigation. Is that the right word?
>> Yeah, it's taxation.
>> Tax mitigation. Yeah. So, tax mitigation. Your number one thing your financial adviser should be doing if you have a financial adviser is helping you figure out tax mitigation.
>> Right? The the biggest the biggest place where most people can save on taxes or to push them continue to push them off is through tax mitigation. So if you have the ability to do that, but I don't think from a from a tax perspective, I don't know how much the spinthrift trust could reduce that. I think >> more of a charitable remainder trust would would reduce would reduce the capital gains tax. I'm trying to think of how spent thrift would, but >> it's also like the more you try to get out of taxes, I feel like the less freedom you have to just do what you want.
>> Well, yeah. Yeah, you're right.
>> You know what I mean? Like >> Yeah, you're right, babe. Because like you could do the charitable manor trust, you put in the trust, you get a you get a basically a salary from that trust every single year and then all the money has to go in to a charity that you have to charity that your kids own that you have to transfer the money into the charity. And so those are great strategies. I mean it's just I think when you like May said the level of net worth that we are at right now uh what we do works really well for us. So, >> and but I mean when we get to the >> nextion might do something else.
>> Yeah, we might change our mind >> billion dollar then we might change our mind to to go a little bit deeper.
>> When I get to two trillion dollars then it might be >> almost there. You're almost there.
>> I'll hire to do my taxes. That's so funny. Speaking >> Kobe's comment. I'll hire Hunter Biden to do my taxes.
>> Hey, you can't go wrong with that. Be >> next president.
>> That's what people are saying.
>> Oh my gosh. That would be Rough.
>> Interesting.
>> All right. Next question comes from Donnie.
>> I got quiet after that.
>> What's going on, Donnie? My man.
>> Can you expand on Tether and the EU deplatforming convo and potential repercussions?
>> Who can speak to that?
Hold on.
>> I think that's Gonzo.
>> I think it was Gonzo when he was doing the the charting.
>> Yeah, that's when he asked the question.
>> Yeah. Uh Donnie, are you talking about because of their um regulation? What is it called? Mika >> like uh that their deplatinum performing tether. Is that is that what you're talking about? I think that's what he's talking about. Um >> you know, I haven't Yeah, I haven't done enough research on it, but like I'm not worried about it because here's the thing like with Tether, right? Like if it's like in the aspect of do I think Tether's going anywhere? Do you remember when everyone told us that Tether was going to go to zero or that you know once we got regulation in the United States that you know Tether would never comply with that regulation and the next thing you know you start seeing the CEO of Tether hanging out with Donald Trump right and the next thing you know they're adjusting right we got the very first regulation that we got was um the uh Genius Act right that gave us rules of the road for stable coins and here we are with Tether still being the number one um stable coin that we have. Um, I haven't done enough research on it, but I would not be worried if the EU all of a sudden banned Tether because now you have the United States, which is a bigger market, and you have the rest of the world, and who knows if they might go in and just tweak it. If everyone else is using Tether and now institutions want to use Tether, they'll push their lawmakers to tweak their laws to include uh Tether into that group, which is exactly what happened in the United States, right? Like we thought that Tether was going to be illegal in the United States and it absolutely is not, right? They they've kind of they're still number one. So I I don't know if that's what you mean, but I mean that that's just kind of my two cents on it.
I'd have to do more research about the the you know the the delisting of Tether in the EU.
>> So I'm looking I got quiet.
>> Well, no. I'm looking at Skim's pajamas and I I found the men's sleep set and I'm looking on the men's sleep set and then I go down to the bottom. It says complete the look and it shows a cherry blossom slippers.
>> I was like so CJV slippers. No, those that is 100%.
>> We figured out the color. Cherry blossom.
>> Add the cart.
>> Cherry blossom.
>> I was like, does CJB have those cherry blossom slippers?
>> Maybe.
>> Very comfortable.
>> No one will ever know.
>> All right, we may.
>> All right, we ready for the next one?
>> Yes.
>> All right, next one comes from Reversal Toad.
I will be starting my IL next month with you all. I am starting very very very small. How easy is it to up the IL investment and end the underwriting process?
>> I think may answer that qu. Did you answer that already? No.
>> Uh I think so. Yeah. So just so everybody knows like the way you could interpret that question a couple different ways. So say you place an application, right? And when you say very very small, you got to you got to be careful on the words that you say because your Raz you want to think abundantly, right?
But say you start with a very conservative policy. You submitted an application. You get approved best rating and then astrology is right and chunky sums of money comes your way.
Okay, Jackie's opening up your policy and you're like, "Oh my gosh, what do we do?" It's like, "Let's put it in the policy." So, if you have been approved, not signed final, you can go back to the underwriter and say, "Hey, actually, I had more thought. I would like to raise this policy." um before I sign final, the underwriter will take a look at it again and then give that approval. Say it happens after you sign final and you get into the strategy 6 months down the road. This happens to me and Jackie all the time um because we're a conservative team and then people call us up. I had this today. I have a client um which I got to email him back and he's like, "All right, I'm having a liquidity event here in about 30 days. can you please illustrate something where I can put in $100,000 each for me and my wife? It's like amazing, right? So, if you have a policy in place already after one year, you could go back into underwriting to make it bigger. Um, but that resets the surrender charge or you could start a new policy. So, either way, our team is the team that knows all of these things.
Um, and reach out to your agent if you have more questions.
>> Yes.
Great answer.
>> Awesome.
>> Let's go.
>> Way to get way to get the capital DR set up.
>> That's right. P.
>> All right. Reversal to also ask, can you explain what MNAV is?
>> Y.
>> Yeah. I just wanted to point it out.
>> No, I'm gonna explain.
>> Okay. Go ahead.
>> No, I'm just kid.
It's >> all you.
>> No, he put in the chat that he thought it was important and I wanted I wanted to take it.
Go ahead.
>> Go ahead.
>> No, I was just gonna say so MNAV is a measure >> I would want Jackie as my mentor too.
>> Go ahead. Sorry, Jeremy.
>> Okay, so essentially MNAV is a metric that's utilized when you're evaluating a company that has a large base of like assets inside of the actual company. So you'll find it really in Bitcoin treasury companies. It's a new type of metric that's being utilized because their their growth and their asset base is based off of something that they're holding in their treasury, right? And so what it allows you to do is it allows you whatever that number comes out with, you're looking at the market cap, which is essentially the share price times the shares outstanding and then you're looking at the value of the the the NAV.
So you're looking at that. So if in MNAV, let's say the $3 billion is the market cap and 1 billion is the current net asset value, that's giving you a three, which means that it's it's it's trading and its value is three times the assets that it has inside of the actual portfolio. Does that make sense?
Hopefully.
>> Yep.
>> I didn't understand any of that.
>> Company value divided by his assets >> essentially for the most part. And and what it's doing is it's letting you know how much the the value is the values a multiplier of of the amount of assets that it holds.
>> You guys are smart, man. We a smart team.
>> Jeremy is smart.
>> No, >> I need I need to read more. Whenever he says that whenever he says that in the company, he's like, "Everyone needs to read more." I'm like, "Damn." I'm like, "I need to read more."
>> I got a book for you.
>> All right. Next question. The American >> Who's typing when?
>> I know. I don't know. I wasn't. Was that May? May Mary May that email? Mary, she's working. She's typing that. She's working on that email she was talking about.
>> Girl, >> like, so real quick. So, reversal real quick. So, reversal Ted. So, so laugh out loud and said what? Okay. Okay. So, whatever the MNAV is, that is the multip that that if if it's like a one, it's trading one times the amount of assets that it holds on its balance sheet.
>> Okay. So, if it's at two, it's trading at two times the net asset value is really two times the amount that it has on its balance sheet.
>> Yes. Multiplier of NAV.
>> Yep.
>> M >> M >> M is multiplier. multiple >> MAV >> MNAV >> I am MNAV >> don't let don't let that little M in front of the capital NAVs scare you >> so if it goes negative NAV it's usually a good investment if it's a good company right >> yeah so if it's less than one >> here this is the way to think about it if it's less than one it's trading below its asset value if it's one it's trading at its asset value if it's two it's trading twice as much as its asset value. And then the number goes up. If it's three, it's trading three times its asset value. If it's five, it's trading five times its asset value.
>> So, we are mabbed at our company because we have assets.
>> We're mavi.
>> If we calculated or not, >> we should wear shirts and say MNAV.
>> MNAB. What's your MN?
>> What's your MNAB?
>> What's your MNAV?
>> What's your MNAV?
>> That's just my word today. Like why?
What is going on?
>> Why you t-shirt t-shirt?
>> When Jackie's driving home tonight, someone cuts her off.
>> No, walk up walk up to other people.
>> You can't even have a high MNAB. They're going to be like, "What?"
>> Walk up to other people have are in the financial business.
>> I want to tell my joke. Walk up to other people in the in financial businesses or crypto be like, "What's your MNAB, bitch?" It's the bare market. What's your Mnab?
>> I think I am going to make sure. Where's Dustin at? He's not working enough.
Dustin probably sleeping.
>> Put a graphic together for MNAB. What's your >> I freaking love that.
>> I love it.
>> He's smiling.
>> That's awesome.
>> May and I are going to design t-shirts for next year.
>> We are one one t-shirt's gonna be bucket fill the bucket.
>> Oh, I like that.
>> I will.
>> That's a good one.
>> The bucket.
>> I use that bucket analogy in the container analogy, May, like all the time now when I'm talking to someone.
Even just a person that I've just met.
>> We still got to make that shirt for Chase. I told him he even brought it up.
Remember you make me puke?
>> Yes.
>> You make me puke with a was it unicorn or >> like Yeah. riding a cactus or something?
>> Rainbow.
>> Oh my gosh. I remember that.
>> That was that was legit.
>> Memories.
>> Yeah.
>> Yeah. There's another question about short-term rentals.
>> [ __ ] >> Um the in the >> I don't know. I'm I'm all about to say instead of buying short-term rentals, everybody should just start buying these option. Yes.
>> Crazy.
>> Anyway, I'm sorry. May >> which ones about the 506C's or is it different than >> No, no, no. Like the bit the yield the option.
>> Oh yeah. Yeah.
>> Michael. Oh my gosh. Everybody's on it.
Michael, um yeah, we're using them for tax strategies. The short term, that's what we did it for.
>> It's just there's not good returns on them, man. It's like we're, you know, uh, we know a guy, I don't know if he wants us to say his name out loud, but he sold his whole short-term rental portfolio. Uh, >> L, >> uh, what's his name?
>> He was in Florida.
>> Yeah, he sold his whole short-term. We use him for >> I said his initial >> They're like Larry Lim Lima. Um, >> he did. I didn't know that.
>> His whole portfolio. Yep. um just because of the returns where and then he's into commercial and 506c's and investing into dentist offices and uh car washes and so um >> yeah yeah >> we're thinking the next spot though like for me and JV we did a tax play where for me personally I lived in a smaller home if you guys don't know my story um I just shared had two bed home with my children and so then last year once we met KKOS, they were like um sharing uh tax strategies with me and um my lawyer, his name's Jarm. He's so awesome. He was like, "May you could flip your existing home into a short term, do a cost egg study, be able to to save off money or save on taxes, and then, you know, get your bigger home that that you do have your own bedroom." So, that's that's what I did. Um, and so it's working out for me because it's like that was so easy. I already had the home. I didn't get as much depreciated as maybe a brand new home. Um, because it was like 40% depreciation, which now I think it's what 100% with Trump um, starting last year.
>> Um, but I'm still contemplating. I know people are pulling out of Florida and I'm like I love Florida. So, um, there was ever anything maybe pull the trigger on. I don't know. I >> And Michael too. Michael, we're not right now. It's just in the States. Like we're working on a lot of that strategy right now. Um because I don't think anybody's going outside of the state for short-term rentals yet.
>> Not yet.
>> I I will be as soon as I finish some stuff up. And it might it it'll be short-term rentals and properties for myself, too.
>> Sorry, I didn't see the rest of the comment. Um >> Sorry.
>> No, I was just saying uh he's got some synthetic opportunities. Maybe interested. Hit us up in the academy.
Yeah, I didn't. Sorry.
>> Well, I like I go to Illinois every year.
>> I'd rather like you outside.
Yeah. Well, it's cool that you can do shortterm for one year >> country >> and then you can flip it into longterm the next. So, >> there's there's a strategy behind that.
>> It's kind of funny.
>> What's your MNAV?
>> What's your MNAV? Instead of what's your sign? What's your >> What's your MNAV?
>> What kind of MNAV you got going on?
>> We should definitely make new t-shirts.
>> Yeah.
>> With funnies.
>> Actually, that's a pretty important metric, especially because that was one of the pieces. What was Gonzo? Weren't you talking about like Michael Strategy had to prove something that they would be willing to utilize the Bitcoin like liquidated?
>> Yeah. So, which is important because >> Go ahead, Don. So, I Yeah.
>> No, I was going to say Yeah. So, like depending on when you do your research of the haters, right? A lot of people were saying that they sold the Bitcoin when they first sold that 2.5 million because they needed to pay the dividend and that's why it's a Ponzi and all the negativity that came with it. Michael Sailor's explanation was, "Look, we've got 65 billion worth of Bitcoin on our balance sheet, and the credit rating system basically looked at us and said, if you're saying that you're never going to sell your Bitcoin, it is an illquid asset, and we will not give you the value of that Bitcoin." The minute that they sold the 2.5 million, they showed, "We will sell when we need to.
Therefore, the asset is now liquid." And they got uh the credit, right? They've got the appreciation on their balance sheet from the credit rating system.
That was his examination. I think it's somewhere in the middle, right?
>> Exactly. Exactly. Yeah.
>> But this person here is saying about how bad a real estate in That's what I'm saying. Like real estate's beneficial for us because we have ridiculous amounts of profit. Not >> like being arrogant. There's profit that we have to reduce. And real estate allows us to reduce some of that profit utilizing tax strategy or to reduce that so we don't have to pay taxes. But if you >> the the the reason why I got I'm so excited about these premium these income things is because there's so much other crap that goes into owning real estate for some type of income stream that's you that's so low anyway.
>> Yeah.
>> Yeah.
>> Sorry. I didn't mean to switch topics.
>> I'm just I can't get over it. you would you could make anybody has the opportunity to make income. Now, >> here's the other crazy thing about Stretch right now. I I I I did surface level research, it coming from Sailor and Fun Lee, which is their CEO. I just haven't had the time to go deep into it, but apparently with Stretch, if you never sell the underlying asset, the way they've set it up, it's not income, it's capital, I think it's called capital return, something like that. So therefore, it's tax deferred. So all of the dividend that you get off of stretch, as long as you don't sell the underlying asset of the stretch itself for 10 years, you get tax deferred, which means you don't pay taxes on the dividend that you're getting paid.
>> Yeah. That's the reason why that's one of the main reasons why they do that.
And they do that in yield and max too because it helps with the tax deferred strategy when they return the return on capital. Yeah.
>> So some of it could be for that purpose.
Some of it could be because they don't >> capital return. That's what it's called.
Yeah. Okay. Cool. Yeah.
>> Roc rock, baby rock. What's your rock?
What's your mnav? What's your rock?
>> Have you seen the ibida hats? There's a company that makes hats that say ibeta on them.
>> Ebida.
>> What's your valuation of your company?
>> Yeah.
>> Yeah. What What is it? Is it have a question mark or anything?
>> No, it just says IDA.
>> Oh, I >> don't know. Just >> fine. Never mind. I was just like, there's nothing else to it. It's just I thought it was interesting.
>> Good. It's not >> No. Once your mimnab is an amazing that's fun.
>> I like it.
>> Then well then when we get Yeah.
>> Not impressive.
So say it say it >> networking if people.
>> All right. Any more questions?
>> D.
>> There's a Jordan Peterson one.
>> Jordan Peterson.
>> Dang. Jordan Peterson's on here.
>> How's he doing, man? I know he's really sick. He's not doing well. I don't know.
>> I don't know. I don't see any of his stuff.
>> Maybe it's a statement.
>> He got really sick. Yeah, >> that sucks.
>> So, well, Emily Otraino 7031 asks, >> "So, you're all about cash value life insurance?" I'm still trying to understand. I'm still trying to understand that, but is it worth it for a 24 year old 25 year old to get into that?
>> Even more worth it. You've got >> the younger the better. Younger better.
>> Jackie, take that one.
Yeah. Um, I think underlying even if even if you can't fund it a massive ton, it's it's all about the cost of the insurance as well. Like you're you're balancing out the cost of the insurance essentially with the efficiency of the cash value building. And so you're so young, that's one of the factors that gets um that gets integrated into how we structure these policies. So, you have a huge benefit to getting started at your age because you're locking that in for the rest of your life because these policies will last um for your entire life, right? So, the standard is 120 years of age. So, the sooner you start, you have the time to compound within the policy.
>> Yep. Money compounds every seven years at 10%. So, you have lots of time to compound.
>> Good.
>> So, Ailio, reach out for Jackie and I'll help you out. Yes.
>> Drop the link.
>> Yeah. Anybody here? We own our own broker. We own our own brokerage. It's called It's called It's ww.freedomins insurancelc.com.
So, freedom insurance >> or you go to our social media. It should be down in the description of this video.
>> We'll put our >> Yeah, I'll put it down here.
>> We own a we own a a small family brokerage.
>> Yeah. Put the freedom link.
>> We teach family banking concept, bank on yourself, cash flow for life.
>> I found it. Canadian, but he lives near >> Yeah, I think he lives here in Arizon.
>> I didn't know that.
>> I'm just saying. I guess you can find out where we're at online. As a matter of >> There you go. Thank you, man.
>> That's because Arizona's great.
>> They put our >> It's a great state. Best state in the union.
>> It's a good state, man.
>> Premium insurance.
>> Jeremy keeps every time US >> like, "Well, I really like Florida." And Jeremy's like, "Hell no, you're coming to Arizona." Shel does the same thing.
We're going to Arizona.
>> Oh, you know what? While we're out for our meeting, they're going to run the podcast. Gonzo said he might want to fly down. We should fly him down.
>> Yeah, Gonzo, fly down.
>> We'll fly you down. Yeah, fly down next week. Do the podcast.
>> That's what I was gonna I was talking to Shel this morning. Yeah, >> we're going to be >> I got to figure out my ascension clients, >> right? And then I just need internet to meet with the ascension clients early on in the morning.
>> Wait, why? Why is he yelling? Because I said good can work more. He can pick you up, bring you here.
>> You guys have to be You guys have to be in here. And I are gonna be running it.
Well, >> I mean D has to be in here. But >> what happened?
>> Oh, I think May has an interview.
>> She's leaving us.
>> We lost like peace out.
>> No, I'm She has an interview with a joke. She >> Who's interviewing? What company?
>> I'm not sure.
>> What's an >> I She just put it in the chat.
I need to someone >> someone your company.
>> I'm like >> I'm all like which company are we?
>> Which company on of ours? Okay. Oh, >> she just has so many companies. I don't know.
>> But I'm confused because are we where are we? Never mind. I'm not I'm gonna let it go because I don't know. She knows what she's doing.
>> Oh, she's a mouse.
>> She's got all figured out.
>> I need to jump to interview someone.
[ __ ] you all.
>> All right. Well, >> Atlantic. Oh, so Jordan Peterson lives in Scottsdale, huh?
>> That's cool.
>> Awesome.
>> Else that I found that >> No, we don't mine Bitcoin.
>> I don't mind it, but I don't mind it.
>> Where is your minor?
>> Well, where is the minor? We haven't >> shined to mine Ethereum. Yeah.
>> Used to mine Ethereum.
>> Used to mine Ethereum, right? Yeah, you guys before proof of stake, you guys minum. Yeah.
>> Where is that Ethereum?
>> And where is the >> Ethereum? Where's the minor, >> dude? It's got to be in a wallet somewhere.
>> You know what else I just thought of?
Remember Hex? Is that still around?
>> Oh, >> I own a bunch of somewhere, dude.
>> We also own a bunch of uh Jackie, we own a bunch of uh the thing that Lisa used to be involved with, that sports one.
>> Oh, yeah. What's that one?
>> Tennis. TNN.
>> TN.
>> Where's that at?
>> I gotta find my TNS. Yeah.
>> Is that still around? Didn't that guy go?
>> He went to I think it is Richard.
>> Did he go to jail?
>> No, they charged him. They charged him.
No, I don't think he did. I think they charged him, but then under the new administration, everything peeled back, didn't it?
>> Oh, >> I don't think he went to jail. I think he was going to go They charged him and then the new administration came in and everything reversed. Right.
>> Uh it's a parallel blockchain that runs kind of like Ethereum, but you're supposed to bridge all your stuff over like Yeah. I don't know. I I I I remember vaguely like how it worked and stuff, but for me, I was like, "No, I'm good." Right? Like that's just those projects like when you look at your wallet, like come on. Right, Jackie?
Like I I have like all these like hund of projects that like are just literally dust, right?
>> Yeah. I got dropped dropped because they couldn't they couldn't pro the SEC failed to show that his activities or investor communications were targeted at US and investors. X is still alive, but it's at 0.00 >> and we probably right up there.
>> Yeah, we bought it in 2021 >> at the peak.
>> Price. What's the price?
>> 44 cents.
>> Yeah, that makes sense. We bally bought it at 44 cents and now it's worth a penny.
>> So rich.
>> It's not even a penny. It's less than penny.
>> Answer this one. Oh, shoot. We're almost done.
>> Says, "Coach, how do you go about mental breaks?" I'm going to do it real quick.
So, we're about to shut down. Mental breaks. I got a baby. I'm studying to take over a business and feel weak when I get a thought about watching a movie or oh gosh no don't do not do that like when you if you get to the point where you feel like for example I call it drooling on yourself >> sometimes I just sit there and drool and scroll man and that's okay there's nothing wrong with that like I am in that drool like after this I'm drooling on myself this afternoon like I'm like I can see if my son wants a play date he has a friend over and I'm think I'm just going to sit and veg watch TV or do something, man. Like, there's moments in times where cuz I don't let social media create a false perception. All these hardcore people that act like they grind all the time. Everybody stops.
Everybody's Everybody has their their vice. Everybody has So, do not feel bad about taking breaks. You should take breaks. You're much less like I'm becoming less effective because I've been But we're in a grind phase, but there's a moment where I need to step back and it's coming. I can feel it.
Just to step back, take a couple days off and do no work at all. There's nothing wrong with that. So >> that's how you re rejuvenate and revive >> and no one's working all of the time except for Dustin. He better be.
>> But I mean, so so just, you know, am I very disciplined. Yeah, I'm very structured. I'm very disciplined. But um I also play very very hard. I just don't show a lot of my personal life. I boat a lot. I relax. I'm going on the boat tomorrow. I think >> But the key, one of the keys is though, you should make time to do that so you have the ability to rejuvenate and revive because then you're more efficient and effective. Mhm.
>> Like, you know, last night, I think after I got home from the gym, I just watched like two hours of >> Extraordinary Attorney Woo, which is a fantastic >> Korean drama on Netflix. You should watch it. But, but again, >> Extraordinary Attorney Woo. Amazing.
Anyway, but the point is is that yeah, I don't think you should feel bad for it.
You just got to block time and manage it.
>> You're awesome. You're doing great. All right, let's wrap it up. I gotta interview or I gotta not interview.
>> He's gotta go drool on.
>> I got a one on one at 15. Um, >> what are we doing? Okay, Jackie, >> take us home.
>> Get out of here. No, >> Jackie, go home.
>> Thank you so much, guys, for joining with us. Um, we super appreciate you every week and we will see you next week.
>> Awesome.
>> Yeah. Cool. Thank Yeah. Thank you guys.
I appreciate you. Thank you for letting me be on the podcast. I enjoy being here >> and being with you guys. I I love doing this is my this time is my favorite time of the week doing this and then doing the other show after this >> and then D's gonna take pictures of my body here soon.
>> Let's go as soon as we're done with this.
>> I'll be in the other room. Uh Gonzo, >> thanks everybody for being with us. It's been a great show. Uh look, it's just a little bit of patience. Everything that we were thought was coming as far as that bottom in Q4, let that play out, right? let all the noise and the narratives um like wash away and just have your plan, have your strategy and and we're going to get there, right?
Like since the beginning of the podcast when we started this thing, we've been talking about lower prices and and that's the way it's played out, right?
Even when we were rallying to 82, 83K and everyone was saying super cycle, we keep saying no, relax. It's the bottom's not in and look where we're at today.
We're we're like just barely above 60.
So lower prices are still coming. So have some patience.
>> I love it. I love it. All right. I'll I I'll capitalize on that. Data doesn't lie, guys. Let's work to be data specific. You know, the an activity I like to do and I'm going to be doing that this weekend. I'd love to sit in my backyard do this this weekend. Close your eyes and just let everything collapse like and then open your eyes and look at your life spiritually, physically, and financially.
And ask yourself, do I like what I have spiritually? Do I like what I have financially? Do I like what I have physically? and that was all the decisions and behaviors you made up until that point. So all you got to do is change the behaviors, change the decisions, change the action.
Nobody's coming to save you, right? The data does not lie physically, spiritually, and financially. So if you want a different financial life, you got to do something different financially.
Okay? The data just tells you where to position financially. That's all it's telling you. Okay? That's what I love about Kevin Worse. He is no longer doing future forecasting. It's like the data says this. this is what we're doing. So, you should do the same thing because that's what they're doing with your life. That's how they're controlling you through future projections, opium price predictions. But discipline and consistency never lies. We love you guys. We appreciate you. As we ALWAYS SAY, WARRIORS, RISE, get your [ __ ] together. Love you guys. Have a great day. paper.
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