Bitcoin is the greatest store value ever created in mankind it might be some glitch in The Matrix that they gave us when they realized the Fiat system was about to implode I don't know where it came from I don't know where it's going but if you ask me where I prefer storing my money I want to store it in something that I know is real and Bitcoin is as real as it gets let's say for example you got the person who has $1,000 right that they are able to invest or use for their growth for
them to be able to say get to $10,000 what sort of things would you do if you were in that position so right now would probably play so the big thing that I'm looking at right now is just the ethereum ETF getting approved that's the biggest thing I'm looking at the bull Run's just getting started what are your plays like what are you keeping an eye on and what sort of predictions do you have I see a dollar Sal th000 to ,000 eth over the next 18 months I think Bitcoin trending sideways is not only
good it's something that we want when Bitcoin Taps alltime high again $70,000 plus your allcoins are going to rip and they're going to do extrem well so what am I allocating [Music] to the number one podcast in the trading space the fastest growing and that's thanks to every single one of you before we get into this incredible episode guys let me tell you about how you can get a free trading plan to completely elevate your trading there's a link in the description below we're doing a free email list as part of words of rdom now
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subscribed and having your notification turned on on the podcast so make sure you do that right now and enjoy this episode welcome everyone back to the words of wisdom podcast still the number one trading podcast in the world the fastest growing thanks to all of you and our incredible guests talking of which we have a man that needs no introduction at all someone who's been in the crypto space very heavily a lot of people want to hear his thoughts and he's shared a lot of alpha uh over the years as well Luke belma thank you
brother thanks for having me thanks for me the sun to London I brought the sun bro bitcoin's pumping Market's doing well we're happy thankfully Donald Trump did not get shot yeah and killed because if not today the trading topics would be a lot different the markets would have been destroyed so I like that that he was taken care of he's good to go markets seem like they're uh ready for a phenomenal Q3 and Q4 definitely I know we we spoke very briefly then literally I think the day after two days after to arrange the podcast
and then since then we've had Biden now saying he's not going to continue on um the landscape is crazy cuz even the US elections are so important of course but then even in this one year we've had the UK elections that just happened the French elections are going on as well it's like there's a lot of stuff happening in 2024 a lot of changes yeah yeah a lot of changes on the chess board per se but at the end of the day pattern recognition is key when you identify patterns all you have to do is
you have to bet towards where you see the cycle headed so when you see usually you know Republican presidencies take place the markets tend to perform extremely well so people are already pricing in Trump winning him supporting Bitcoin him supporting the crypto space him starting to open up trade a little bit more reduce uh corporate tax which is going to bring more business to America so he has all these things that are cooking up Market's pricing it in and I think we are headed somewhere ex said I'm pumped for it definitely and do you think
that it's going to it's going to happen do you think he's going to become president again I think he's going to be become president I I think I think more so than anything it's going to give us four years where maybe Wars and termal are going to be less crazy due to the fact that Russia China right now they don't respect the United States it's very simple very straightforward your president can't walk upstairs right so United States right now is in a little bit of a vulnerable situation we have Saudi Arabia right now beginning to
allow the exchange of oil in other currencies not just the Petro dollar because that agreement is up so now what held the dollar strong is no longer there so now you have Force so Donald Trump has to go around and start making relationships again mending things up with countries and I think that that's pretty much what his tenure is going to look like I think it might be crazy from the inside and uh we might see the attempts of potential uh takeover of Elections but certain things we can't say because they're going to go on
YouTube but yeah I find it so fascinating because especially even with Biden stepping down you know it would be a shock to the to the MS but I've been hearing about on Twitter for for weeks or maybe even months um kind of necessary as you said like when your president's falling over falling upstairs and and and not knowing where to go after a speech but it is crazy and I know Donald Trump's really heavily been quite vocal on his support for crypto and and Bitcoin for example I think he's speaking actually at theit conference yeah
but is there any worry that you know it's one of those things where it's to get the votes get the election and then no action afterwards I mean yes and no yes in the aspect of obviously there's a huge voter base that supports Bitcoin therefore if you support it by proxy they'll like you more but there's a ton of billionaires and a ton of lobbying taking place on the crypto side to make sure that crypto wins right now you see a lot of Exchange I talked to a lot of head of exchanges and they're telling
me you know we're getting crackdowns from either the SEC or we're getting crackdowns now now from a new organization in Europe called MAA MCA that is basically the SEC that blankets all of Europe so now all these exchanges need to be compliant under this new European SEC so they're starting to build dexes and become decentralized because now politics is becoming a tool of Weaponry so you're seeing a lot of billionaire a lot of very rich companies like coinbase go to Capitol Hill and say hey like we want crypto to be taken care of so if
Donald Trump is taking money from These Guys these guys are getting favors in return it's the name of the game so he wants to keep crypto in house ideally the United States build some sort of Bitcoin treasury Reserve we see the potentiality of Larry Fink becoming maybe involved in the treasury or maybe involved in some sort of financial position advising the president and we know that he's very Pro Bitcoin now with the Bitcoin ETFs so now we see the institutionalization of Bitcoin now we need it to go to the next phase which is government awareness
and naturally all these suits right Larry Fink and Company dude their bags are packed if you don't think so then you haven't been paying attention Fidelity's been buying Bitcoin since 2015 mining it right so they're ready to play the game we see the ethereum ETF rolling around the potentiality of a salana ETF so now the legal battles are taken care of now we know what process to take but unless the United States and they've obviously realized it and I think that this is where they Ted with Trump unless they kind of lean in and validate
crypto internally crypto's going to go to Dubai crypto's going to go to Singapore crypto's going to go overseas and their companies they don't care they'll do it they'll leave they've proven it so the US needs to cultivate it for their own Safety and Security for the security of their currency and things of this nature so I think it's going to be a good thing for crypto I think we're heading into a really good season a bullish season and a season that has been expected for a really long period of time especially with the ETF approvals
Beyond just the one of Bitcoin talking of the ETF approvals one thing I wanted to ask you because I know it's it's highlighted a lot and it's obviously changing the landscape of cryptocurrency as a whole and and the access and the the finances that are going into it now and the capital rolling in but I know there'll be people out there as part of the audience who won't understand the you know how important that is or what the sort of dynamic of the ETFs being approved and being made makes for the market is it could
you break that down slightly of like why is it that these ETFs being approved and being made is so important so it's it's all about the path of lease resistance the ETF is the path of lease resistance for liquidity and big money to come in many of these companies that'll invest in an ETF in a mutual fund they have investors policies things of this nature that they need to comply with telling them hey go buy Bitcoin and hold it in a ledger is not viable for these companies an exchange traded fund is the pulling of
this money in order to attack or purchase or acquire a certain asset class in this case you have the Bitcoin ETF so the Bitcoin ETF is ACC cumula of a lot of companies that have interest in Bitcoin and want Bitcoin exposure without having direct exposure to bitcoin so you have the custody or the middleman so you don't just have black rock you have a ton of other companies that are right now launching their ETFs not just in the United States but overseas and what it's doing is allowing the path of lease resistance for institutional Capital
people that have policies and rules on how their money is supposed to be managed and is a lot more conservative than we think pouring into Bitcoin number two we have sovereign states sovereign states and Sovereign individuals now getting into Bitcoin a lot of them do it through big Banks do it through big organizations so buying Bitcoin directly for them doesn't make sense they're in it for the trade they're in it for the money they don't necessarily care about holding the Bitcoin itself might as well just leave it with coinbase custody that's how they think about
it so the reason it's important is because it's the path of leas resistance number one number two it's the validation that it's actually a financial Market that is accepted once the US accepts something as a as a national asset class or something that the market will kind of consider it becomes a standard worldwide so now Bitcoin has become normalized which which is a phenomenal thing and it's given us a guideline as to what we can and can't do within the crypto space that allows other projects and other companies and other tokens to be able to
follow that same path the ethereum ETF is on the way as well and I think that that one's going to be massively lucrative I'm very bullish on eth we're sitting at a I think right now a $3,400 eth very cheap under alltime high and we could see it push to five six even $10,000 with a very bullish scenario in terms of like where we're at right now like we've hovered around we made an all-time high ever so slightly on bitcoin yeah and then we we had a pullback and we just sort been hovering you know
for a good amount of months now you know what are your thoughts what is the market trying to wait for do you think it's like the elections is playing a part of that is there any sort of factors that you think are keeping prices sort of subdued at the moment let's take a break for a minute there guys because I want to tell you about the best prop firm in the entire industry Alpha Capital let's keep it nice and simple you want to get paid out you want to have institutional experience behind the firm you
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to 60,000 in the span of a couple months now you're just consolidating for another leg up I mean the market hasn't really done much the altcoins obviously have bled out that's naturally what happens when Bitcoin tra Trends sideways and you have meme coins kind of becoming the main source of liquidity for for the market everything else kind of gets pulled but now you're seeing projects uh resurface but what I like about the market is that the market every single Bull Run becomes more intelligent they figure out how they're getting finessed they figure out hey what
are fake promises or what are real projects and they're just starting to validate what the market is actually about which believe it or not it's around meme coins and it's around culture and it's around like gambling and and fun and crazy activities this idea of these boring projects that have nine-year road maps on how tokens are going to people falling for so much of this that they don't care anymore so we're in a completely different Market we're in a lot of a more uh volatile fun Market in my opinion that gives access an opportunity to
anybody I think Bitcoin trending sideways is not only good it's something that we want because it allows us to pack our bags and allows us to understand that on the next leg up if you're positioned properly with these altcoins that are down 70 80% when Bitcoin Taps alltime high again $70,000 plus your all coins are going to rip and they're going to do extremely well so what am I allocating to number one always depending on winning teams right that's the main narrative so finding which ones are the popular teams that understand marketing distribution and Community
super key because at the end of the day how many layer one blockchains exist how many Layer Two it's infinite it's a ton of them but it's the one that have the eyeballs so we'll go into a couple of those later on and then the second one is narratives and trends like what are the hot narratives what are the trends well one of the narratives right now is AI okay well what's the trend inside of crypto for AI and finding those identifying those and then finding the projects that align into those things so I think
it's good let's Trend sideways a little bit more no issue whatsoever but obviously Bitcoin always makes lower highs and it's going to continue going up one thing I have heard you speak on on another podcast in terms of the meme coins and I found it fascinating because I didn't really think of it in that way as you've already just highlighted is like there was a time where we would look and when I got into crypto as a similar thing look at the road map not that I would do it extensively but it was a case
where look at the road map you know what is the use case for this particular coin and what's it going to do for the world and then you know as Cycles go on you invest into these coins yeah they move and you make some profits and stuff but nothing ends up happening with that road map nothing ends up happening and being utilized and but yet what you mentioned in terms of the meme coins is that people are now focused on community people are focused on there is no road map you're you're believing into this meme
this what it's doing for culture and therefore it's taking away the the sort of Need for like to be validated by this this this team or road map that normally nine times out of 10 doesn't end up happening anyway and it's a difficult thing also if you look at it as somebody who's investing into these things think about it logically like in most projects we'll go to zero but think about it logically let's say you fund a company okay couple million dollars what's the experience of the team actually some experience maybe others not that much
experience super well funded which means you're already killing the drive in the Hunger right they already have the money they already have the tokens how long till they deliver a product four five six years how are you going to keep attention during a bare Market you can't your project ends up getting absolutely destroyed and then the final aspect is utility how many people are actually utilizing what you have you look at sandbox or decentral land from last borun dude there was like 100 people playing the game so you have a multi-billion dollar inflated market cap
with no real product no real audience and that's why these things aren't sustainable so when people like you said they look at all these big road maps they're like oh well you know I'm going to invest into something legit realize that 90% of these guys they're not going to fulfill anything that they said they don't have the capabilities and it's almost impossible to do how so you're trying to build a company that's for-profit generating some sort of Revenue and then you're trying to maintain a chart a crypto chart these are two full-time ecosystems in of
themselves imagine launching a publicly traded company and giving it a stock within its first day and having the CEO worry about the stock and the floor price and the performance of the company what is the success rate of that almost non-existent you have the ethereums you have you know the the instances where teams the salon Has Come Together The Avalanches and you have Superstar teams you have the tons but that's one in in a thousand looking and finding these is difficult but the reason meme culture is accepted is because people know what they're getting very
transparent it's the most honest part of crypto is memes you know what you're getting you're getting a mcoin no lies it's so true and it's it's it's very rare to find one thing that we've seen over recent months though we've seen like a huge I've noticed it I'm not sure about yourself but like a huge uptick in terms of celebrity you creating coins and unfortunately a lot of them are promoting it and by the sounds of it and what I'm reading is that they're having they're being approached to do this then afterwards it's getting rugged
and then they're wondering as well like what's happened but it just and some aren't though some are still performing to this day what are your thoughts on that though because again it's kind of off the back of the the meme culture and and sort of the meme coins performances that they're probably doing this but again they're not really there's no use case there there's not really much for the communities more so just that they're using their influence to pump these uh pump these coins up the thing about memes is you can't force them like they
either work or they don't the reason Doge works is because everybody [ __ ] with it not everybody's going to [ __ ] with Iggy's ass on a photo like it's not I don't buy that token I I think that that's dumb but that's just me like it's fine but that's just dumb why would I put my money there I don't I want culture to pump my bags not an influencer an influencer isn't culture you look at forchan you look at Reddit dude it's all paypays it's all [ __ ] does everywhere that's what people
want to talk about that's where the attention is so what you're betting on is attention you're not betting on people you're betting now on that individual having attention well how much attention can that single individual actually Garner not much so unless they're building a movement which you can't really build when your ass is the logo of the of the token right just it doesn't work that way because that's not how culture functions then it doesn't make sense so I'm always looking at what are cultural plays what is it that people spend their time typing doing
interacting with and then I bet on that I don't bet on an individual I bet on the influence of the collective idea in this case a Dogecoin would make complete sense they've been cooking up the Dogecoin chart since 2015 everybody's been talking about it Elon eventually talked about it that's the echelons of culture with 100 million viewers so you need to be paying attention to where the money goes and the money goes always where the attention flows in terms of nfts we had a whole Market of nfts it was literally so far it feels like
a bubble like it went to to highs even myself bought two at a time and didn't end up selling them and now we don't really hear of nfts we don't really see any sort of movement over there and yet there were Talks Of Beyond just the art just beyond the the sort of hype of what we saw of it being having like a use case very similar to what we were talking about in terms of uh previous tokens do you think there's a future for nfts in that market absolutely I mean the nft technology is
incredible so the nft technology your ability to track things your ability to group things your ability to create smart contracts and interact with individuals and be able to create a different level of experience inside of the blockchain is going to be a technology that people are already using people are using it already to you know put people's Biometrics on the blockchain right and categ with an NF soulbound tokens right another thing that you can attach permanently to a wallet you introduce that now you can add memberships or IDs or digital Collectibles things that people actually
utilize we begin to see the emergence of high quality games and games that are going to last for an extended period of time let me give you an example we have Grand Theft auto6 on the way dude I'm going to be playing the [ __ ] out of that game you know why because people are going to be building and doing business on that thing for the next 10 years do you want to make money get on Grand Theft Auto and get good they're about to roll out some digital currency feature if they if they
don't it' be foolish of them but imagine now you have a digital currency attached to a game like Grand Theft Auto so these things need to be digitalized so digital Collectibles these are going to be your non-fungible assets imagine people instead of playing Counter Strike right and collecting all these skins or the fortnite fortnite Skins actually had the ability to what own trade and sell that thing that they worked hard for the problem is right now it's the risk factor so The Gaming Community doesn't like it they're kind of like the Reddit Community they're like
hey [ __ ] crypto okay I get it that's fine it's going to come inevitably at some point maybe the next Generation but it'll come so you have the gaming community that doesn't necessarily like it because it was really [ __ ] ruggy and it was weird but that was its first phase its first version it's like the 2017 run you had crypto tokens that were that were like super weird and that hit multi-billion dollar market caps and they produced nothing and they were the first cycle of altcoins and they were garbage but better projects
emerged over time so better nft companies and better use cases will emerge over time one of them is pudgy Penguins for example it's the number one nft in the world I'm one of the co-owners in the company and the value of the collectible is is the IP so pudgy Penguins generates billions of views a year and the value is attached to what the attention the attention and the distribution so imagine for example now you have fortnite or the likes of fortnite saying hey you know what let's try this digital collectible the issue isn't the digital
collectible the issue is once again we were talking about the attention remember it's like where you have to go where the where the culture is the thing is culture right now just hasn't accepted that as a viable mean of of something that they want but it doesn't mean that in the future a single game or single entity won't adopt it so I'm envisioning you know one of these projects one of these big AAA games saying hey you know what [ __ ] it let's incorporate some sort of crypto feature and whoever does it is going
to be extremely successful it just has to be where the pocket of attention is today meme coins have replaced nfts they' replaced them because most nfts were kind of like meme culture but you have X amount of units let's say five or 10,000 units so your product or your project was only as good as the floor price so only as good as your weakest holder now we've translated to meme coins right you don't have to own A1 thousand piece in order to be part of a collection you can own $4 on salana you don't have
$50 gas fees so right now the meme culture what we had in nfts the degeneracy has moved over to meme culture and I don't see it moving back the same way that it used to because of the liquidity that is attached to the meme culture it's so easy to get in and out of positions the risk is so much smaller but then you have find these Blue Chips these winning products like pudgy Penguins this winning IP and by owning the nft you're basically betting on the IP to continue succeeding long term I love that and
I think it's so important like what you've highlighted already in terms of attention because even with the the me market for example I think a lot of people they what we've seen anyway generally with crypto investing you know just generally with social media as well is that people just they'll hear s sound bites or people saying something and they'll just go run it without any research or any knowledge so like with the meme coins for example they'll see they'll hear one let's say just a random one and they'll they'll just invest they won't even look
to manage or look at a chart or whatever it may be you know what are your thoughts when looking and at memes and and sort of managing your positions when whenever invested like what is it that you would look for in terms of how to get out or would you look to invest and then uh is there any sort of like break even sort of strategy that you go for cuz I know I'm I'm big on memes so one is if you're just reading something on Twitter and you buy it you're not investing you're gambling
and you're depending on somebody else to make you money 95% of the time you're going to lose it because you don't understand the thesis or the analysis that the other person has done you're just trusting them now there's people out there that have good track records okay look at what they're saying but don't just take it do your own research what is your own research in a very practical way specifically in crypto what do you bet on one winning teams right so you bet on winning teams who's the CMO what is what's their strategy in
order to acquire new eyeballs because that's what matters in meme culture is about who can acquire the attention now you begin to see kind of narrative swarm you saw Pepe kind of take off okay and then I was like okay Pepe took off and it took off on the ethereum chain and then you started hearing something about the lines of of something called the boy club and you're like okay what's the boy club oh well you know Pepe the character that everybody knows he's part of this comic book thing it's called the boys club I'm
like okay well there's other characters to that in that thing as well and then I see a meme pop up on Bas chain called Brett and I look at the character I'm like okay this thing at a billion dollar market cap okay this is the second character of this thing so I'm like okay what are these meme guys is doing then I go to salana and there's the third one which is called wolf and then I'm like okay so these guys are building a narrative so I catch on to the narrative and I start buying
and the market starts performing in that direction because the narrative makes sense The Narrative is hey paypay took off therefore the other ones are going to take off as well because they're part of the same idea enough people are believing to this concept and the performance is doing extremely well number one number two is their ability to list on exchanges and their ability to access liquidity the higher risk is incurred in the beginning when you're buying something on off of you know your your Dex screener your Dex tools that is like day one day two
day three but once something gets listed on an exchange let's say buybit or k coin even some memec coins eventually end up on binance that's the end of the cycle for the most part who's left to buy right so once you get onto the exchange even in crypto in general you need to understand that the returns are not going to be the same as the space that's operating inside of thei ecosystem so if you're looking at Robin Hood right and you're buying Doge thinking that you're part of the meme culture well Doge yes is obviously
OG meme but it's no longer going to give you the same multiples and the same plays that it used to the last Bull Run Dogecoin has kind of hit that category where it's kind of become accepted as money like if I was to ask you hey right now I'll give you £10,000 would you save it in Zimbabwe dollars or in Doge Doge in Doge so which one's more real money you know what I mean the world's [ __ ] crazy so once you ask yourself that question and you answer that you're like you know what
I prefer holding Dogecoin and some some of my Argentina team members I'll pay them in Bitcoin and they'll hold Bitcoin instead of holding the Argentine peso which one's the actual meme coin like what which one's the shitcoin like you begin to evaluate what are all the categories of a shitcoin the Fiat system represents all of them you don't know who the [ __ ] Dev is the dev can print infinite supplies the dev can rug you the dev can take your tokens the dev can freeze your supply and they can tell you where to and
where not to transact I don't want that currency that currency is [ __ ] if that had a different token instead of US dollar had a different name nobody would buy it oh yeah I buy it and then more of it gets printed and then that gets dispersed and therefore my shit's worth less that's what the memec coin is that's the joke so once you break from the illusion of oh memec coin this mem coin that dude go to the penny stock market half of those companies are [ __ ] memes they're a joke biotech
this biotech that bro it's a couple news articles in a Shack in the middle of the woods you don't think so okay go go watch The Wolf of Wall Street again dude it's a crazy environment out there and now what you're seeing Is MeMe coins being a true form of this idea of people wanting to make fast money but now it's not this garbage illusion of whether this company's real or not real F revenues no there's a meme coin and whether culture adopts it or not it's your Gamble and it's your play but it's to
me the most honest part of all of crypto no no like the way you broke it down I think really represents that as well and one thing that you mentioned there I think was so important as well like we've said about how money is where the attention is but to make money based on what you said in terms of the how you sort of figured out that Meme there you need to pay attention as well of what's happening in the market on the different chains cuz I think going back to what we were saying that
a lot of people just looking for a signal looking for someone to say something and follow that advice while the true professionals the people who actually make the returns that everyone wants to make within any of the markets especially crypto are the ones who are paying attention that they they they know what's happening on the different chains and it takes time and I think it's being willing to give that time because most people unfortunately are going down that sort of lazy route that they want something out of life but they're just not willing to put
in the necessary work even though the work might be just research or the the work might be you know just checking different exchanges and the prices that are going on yeah or as you say memes and and being knowing what the sort of culture is reacting to and responding to or knowing which part of the process as you mentioned like once you get to the exchanges you're sort of towards the end of that process so knowing which which part of that process you're at you know what would you say to those people out there who
are really wanting to get involved in crypto especially as we're growing you know the industry's grown phenomenally over the last 10 years but where we're going as you say it could be the next generation before we start to see real Mass adoption on that level but for those who really are interested but they don't know where to start or they they're not they haven't got that right mindset as I said they're still looking at the signal route rather than actually wanting to make that money and paying attention now what would you say to those people
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American River the president validates it about couple months later and 300,000 migrants move from east to west in the hopes of finding gold today we live in the digital Gold Rush your ability to access information resources connections at the fingertips is insane it's something that has never been possible before opportunity without leaving the comfort of your home is it easy it's a lot easier than going from east to west dealing with the thieves the bad terrains the dangerous animals but do you think that it was only miners that went to the West no people changed
their current profession there was doctors lawyers Bankers that said hey you know what there's an opportunity out there that will not be there forever and I need to capitalize on it and the Risk Takers the people that understand that there's opportunity outside of comfort are the ones that Pioneer these things but what you come to realize is that even if you say hey you know what I don't want the risk of that wave one of going to to California and experiencing the California Gold Rush it's too risky for me okay I get it I agree
but what you need to understand is that from that Gold Rush a 200-year gold industry was born there was uh two individuals that were moving and transporting people from east to west and moving in transporting gold their last name's Wells the other one is last name Fargo the bank Wells Fargo today manages trillions of dollars of assets but it started when the miners needed somewhere to put their gold so the Gold Rush created bilateral businesses and opportunities as well so you don't have to be in crypto what you need to understand is crypto's an aspect
of what the macro Trend the macro narrative which is people are spending all of their day on the internet you can't be here with me right now because we have limitations human limitations things that you can't control but because of the internet because of Technology you're basically here with us without any of the discomfort without any of the bills without any of anything it's just pure gain the digital gold rushes here another individual he was hanging out in one of these dry markets and he started hearing the the miners complain that their knees hurt that
their pockets were ripping when they were trying to put the gold or their tools so he began to work on finding a solution and he came up with denim jeans his name was Levi Strauss did he mine for gold no but he got rich in the process because he solved a problem understanding that within the macro Trend there was opportunity for me hey it's crypto you know I understand the market I've been in Bitcoin since $588 2016 it'd be foolish of me to leave after spending eight years in the space I've been in e-commerce so
I understand how digital real estate works and when you visualize what e-commerce is you know you go to one of like pick a Dilly square and you see all the beautiful businesses say you pick any business On Any Corner that is a physical representation of what could be a digital plot of land and the internet just happens to have more foot traffic than the physical space so by creating a digital experience you capitalize on the digital what foot traffic so building businesses on the internet making money online is the new opportunity so it goes beyond
crypto because I know crypto can be Niche for some people but it can be Forex it can be the stock market it can be any sort of area that Taps into the internet the failure or to me the missed opportunity is not taking advantage of the internet how easy and accessible it is for all of us I think that's the opportunity bro I couldn't agree more I actually couldn't agree more and one thing off the back of that is like where do you feel like that space is heading because as you said it's in such
a short space of time it's been created and it's it's created such a huge opportunity but where do you think it's heading in the say near future in the next 5 to 10 years what is crypto crypto is a form of money so what is money money is a technological advancement of Commerce 4,000 years ago you owned a beautiful plot of land with great beautiful olive trees and I owned 50 maybe 70 cows and I saw that plot of land I said you know what I I want that plot of lande let me go to
Riz and ask him hey how much is it well you already have cows actually so you don't need the cows that I have so we can't actually transact so I have to go sell my cows for some pigeons because you want the pigeons now I come back I bring you the pigeons one of them dies so I have to go back and get another pigeon and then finally I get the plot of land now you have the pigeons and you have to go figure out somebody at wants pigeons in exchange for you to get the
next service or the next good so the problem was with the bartering system there was no ability to scale no ability to build monopolies because there is no ability to sustain wealth and there's no what medium of exchange that we both agreed upon we introduce the next form of bartering the next form of Commerce coinage coinage is a technological Revolution it was the first time that we all agreed upon what was something and what was the store of value so successful Merchants Kings they began to hoard it and they began to build treasuries and now
they began to conquer more lands because they no longer were limited by the limitations of bartering you could take the coins they wouldn't rot you would sell the gold in China you would sell the gold in India you would sell the gold in Paris and it would still be counted as gold so now you had the ability for scale the issue was now King started realizing hey maybe I can shave a little bit off the top of the coin and make some new coins and you know what maybe the people won't notice that I'm you
know printing coins at of thin a maybe I'll add some alloy or some metal instead of the silver diluting the currency so they began to realize hey like coinage now can be forged so we need another system now people can no longer have their own system we need to have something centralized everybody's managing on gold the banks are holding gold let's get rid of the gold standard let's introduce paper money paper money obviously if you have let's say a kilo worth of gold you can't be carrying that with your horse hanging around town no you
have paper receipts that the bank gives you and people began exchanging paper receipts the receipts of what the units of gold that were in the bank but then the the banks got cheeky and they said you know what nobody's checking our Bank Reserves so what if we issue more paper than we actually have gold reserves and the French noticed they're like hey these [ __ ] Americans they're printing more paper handing it out to people than the gold that they have in the reserves so they came in they wiped out all the reserves collapsing the
economy so what they they have to do they had to introduce the gold standard getting rid of the gold standard why well now we just can print as much money as we want and it's not Peg by gold and now we were introduced with paper and then credit cards rolled around yeah I still had to go into the bank and deal with paper but I could transact and buy things with a piece of plastic okay so now digital money was introduced but now we have the Battle of what is the digital money that we want
to adopt and in these new Crossroads of technological advancement you have something that's born known as Bitcoin Bitcoin is the permissionless open Ledger everybody knows how much of it exists who owns what based off of you know obviously you don't know who owns what wallet but you know what wallet owns how much everything is open everything is transparent and everything is what peer-to-peer it's the purest form of going back 2,000 years and transacting gold bar for gold bar in a digital format it is the evolution of money it is the Natural Evolution of money now
you have the old system the banking system the banking cartel that takes a fee off of us transacting so what is the rule or what is the need of a bank today what is the purpose of a bank well you know Luke the purpose of the bank is to store your deposits no a bank does not hold deposits if they hold deposits why do they give you interest on your deposit it's not a deposit the moment they give you an interest on it it's a loan you're loaning them money they're giving you an interest they're
taking that money they're investing it it's not a deposit it's a loan once they give you interest that thing becomes a liability on their bounds what you're seeing displayed on your checking account is just a record of how much the Bank owes you so the purpose of the bank isn't to hold deposits well the purpose of the bank Luke is to fractionalize money well no that's not the purpose of the bank it doesn't fractionalize money what's the purpose of the bank the purpose of the bank is credit creation it creates loans it's in the business
of buying and selling securities so if the bank is in the business of credit creation and everything around us is getting inflated and more expensive due to the fact that we're creating credit that is being utilized to buy Louis Vuitton bag it's not productive credit it's not credit that adds to the GDP we enter a situation whereby the dilution of our money becomes so big that we no longer trust it but now we enter a very dangerous situation if we don't have an alternative payment system the tokenization or the program ability of digital money like
a central bank digital currency becomes very scary because now they don't want to just issue the currency they want to control the rules as to how you can use the currency so for example hey RZ you've already spent you know what you spent two hours already with the light on now your light gets turned off because your curfew is up and if not we'll turn off your power bill and your cards won't work oh you didn't get vaccinated oh you went 5 kilometers past your house Cur you no worries your cards just won't work you
have no Freedom back in the day at least you had cash you could do whatever you wanted so is that the system that you want the answer is no what is the alternative system to that digital Revolution that next advancement of money in my opinion it's Bitcoin digital currencies things that are decentralized so it's a little bit of how I've been thinking about and theorizing this idea of of Bitcoin and rationalizing whether digital currencies decentralized ones fighting against centralized institutions are going to last and I think people fight for it you think they will absolutely
so I always think about that I think about it a lot like will people actually do it we always hope I think I'm always very hope hopeful and and think the best of people but I think one of the plays that the system talks about when it comes to cbdcs is that they'll give you a universal basic income yeah right and that's essentially how they'll get the masses to accept it yes because it free money yeah you know what what are your thoughts on that well there's nothing that is free and once you hit Universal
basic income now you have to follow a set of rules and guidelines in order to receive that Universal basic income and that's where the issue is going to come and part of me understands it I'll explain to you the side that understands it and I'll explain to you the side that scares me the side that I understand is what happens when AI in 50 years replaces half of the white collar jobs that are around what are people going to do a lot of people are not going to do anything anything so there's a lot of
people that are looking at hey how do we subsidize all these individuals that will inevitably have no work on the other hand people will acquire new tasks and I think people will also adapt to working in an environment with AI so you just can't put all of people on a universal basic income and then sustain them it does it doesn't work that way you don't produce a productive Society it's going to crumble so on one side I get it on the other side I'm like hey you know once you start giving people free money people
have no intention to work what's that money actually worth who's producing things of value and how do I make sure that now this digital money that you give me isn't programmed in some way shape or form that when I get out of line that no longer becomes Financial Freedom it becomes Financial prison because I'm Bound to You and that's what I think is uh I would say the cards up these guys sleeves yeah well the funny enough it's just changed now prime minister here in the UK Rishi sunak he was prime minister a few months
back uh but before that he was the treasury and he spoke openly spoke about cbdcs and that's what he said they said they'll be programmable uh for that very thing and I think someone spoke about that and highlighted that exact example on Joe Rogan and they they broke it down the exact same ways in terms of if let's say you go over your quota for you know how many drinks you've had no more drinks or you haven't done enough hours here or even if we go to the social credit system all comp yeah all compliance
it's a crazy world do you feel like we're in a time right now where it really matters what decisions you make and how you choose to use your attention use your essentially your money as well and and what you support what you get involved in so I tell people there's three essential things in life three things of control areas of control and when you dominate these three areas is the world is yours for the taking and these are the three elements that all of us have you know some people say hey Luke you have more
opportunity you have more money you have more this you have more that people look at what they don't have but what is it that we all do have we have three things time so what is it that you do with your time most people are wasting their time you're you're not successful because you're wasting the time that you have two is your energy where are you focusing that time the input and then finally is your attention people are distracted people aren't inputting the right amount of energy and they are in a situation whereby when you
get distracted and you have no Focus you can't succeed if you want to make money in crypto focus on that if you want to learn how to trade focus on that if you want to learn the psychology of trading focus on that you need to be able to have hyperfocus towards a given what goal an objective most people don't have that so your time your your energy and your attention most people don't secure these three things they don't protect these three things they give their time to the [ __ ] Instagram timeline they give their
attention to some random [ __ ] they give their energy and their money to partying and wasting it dude you work you're entire week for that money in order to get to the next level and you just gave it to some dude that charged you overpriced bottles and made you told you that you're cool and you're not you're [ __ ] dork like you you you lost so your time energy and attention are three things you need to preserve at all times doesn't matter if you're rich you're poor you're rich on these three things we're
in a time and a situation where technology is advancing so quick that your decisions have a massive impact short term and long term there's a law known as Mo's law where technology advances at twice the speed at half the cost every two years so every two years technology becomes twice as powerful and it becomes half as expensive expensive to produce so we're in this exponential curve so you have this exponential curve which means technology is moving so quickly that if you become disconnected if you [ __ ] up it'll impact your ability to progress and
in business in entrepreneurship in trading you can't cheat your way to the top like you can fake your pnls on Twitter and on Instagram but you can't fake how much money you have in the bank so you have to put in the work you have to put in the the hours you have to be consistent and eventually you will yield results I don't know I be I think I became profitable 5 years into trading I lost a ton of money maybe four and a half years in the business I started making a couple thousand dollars
a week the process is also exponential but once you take the exponential curve you also capitalize on what we talked about it exponential Trends and exponential narratives so you ride the momentum as well if you catch the right side of the moris law I love that and going off the back of that in terms of you know whether it doesn't matter whether it's crypto or trading or um anything online like we talked about how the opportunity right now is that digital opportunity and it's only growing like what do you see in terms of you're making
money online you know what opportunities or what where do you see that landscape going in the future as well let's take a break from a minute there guys cuz I want to tell you about the best trading tool on the market trade Zella the reason why trade Zella is the number one trading tool that every Trader needs is because you can do back testing automated journaling trade replay in-depth analytics and so much more and the greatest part about trade Zella is that it's all automated all you have to do is connect your mt4 and mt5
it will pull all your data onto the dashboard you can add playbooks you can just add notes you can add images from your trades and you can get the insights that is necessary for you to progress as a Trader now trade Zella is for absolutely everyone whether you're a crypto Trader whether you're a Forex Trader whether you trade prop firms it is for absolutely everyone and that is why thousands of Traders have signed up using my link here through the podcast make sure you use the code Riz 10 for 10% off your monthly subscription or
w for 20% off your yearly subscription the link is in the description below and let's get back to the episode yeah so we need to start talking about what are the things that people value and what are the things that AI won't be able to replace in the near future so if AI is going to enter a situation whereby it's going to start taking over copywriting and podcast editing and thumbnails and all these things you're like okay well maybe if I'm an editor no offense all the editing crew maybe if I'm if I'm a producer
of a show that or maybe if I'm an artist my job is going to have to shift so people need to understand that they need to learn Irreplaceable skills so skills that they can take and cross-pollinate in any Niche sales marketing persuasion leadership the ability to have emotional intelligence and understand how to talk to people these things AI can't do for you but you're still going to have to to deal with people in the short term so most people's fundamental basic skills are not even meant we're not even talking about specializing here we're talking about
the base fundamentals of how you're going to interact in the business space so your ability to become a professional most people are focused on oi is going to disrupt this disrupt this okay well what are you going to do about it you need to become better in these different areas sales marketing persuasion networking leadership these are not non-negotiable Essentials number two you need to be in high demand so you either create demand or you place yourself where the money is going to go we've created Demand by creating content so you can generate today massive amounts
of demand through massive amounts of attention sure from editing you can either be an editor make a ton of money clipping ton of money because people want your service we're talking about fast money right now huh or you can be the person that wants to have a business or your personal brand that has content and you're paying for what attention so we have a massive attention game right now where people are exchanging dollars for attention and exchanging dollars for influence because they're realizing that the dollar is not worth as much as getting that attention and
getting that currency so it's something that people really value the second and final part is in the digital space is there's three types of areas that you can service that you you can make money in one is physical products digital products and services so for example do you have a community or any sort of digital product okay so you have your digital product let's say you were selling hoodies that would be your physical product and then your service let's say you host a mastermind that teaches people how to trade right that's your service these three
different verticals allow you to make money so for example let's say you don't have a product and you're like hey Luke I don't want to do e-commerce well you can still do services online you could still build a business on Tik Tok that literally shows how you cut grass and get customers that way and you will so you can do physical products digital products or Services digital products are great especially nowadays we have people losing trust in institutions and Trust in the school system so they're looking for other vertical of education so digital products we
don't have inventory the product isn't going to rot you don't have to manage your Logistics and your PN in that sense so no inventory no overhead you have your digital product your physical product a little bit more complicated and then your services anybody can get started flipping sneakers is nervous make tens of thousands of dollars a month it's real it exists so find those verticals instead of looking at oh this is where you can make money every person is different everybody has a different wealth profile the way that Warren Buffett got rich is a different
way than Michael Jordan got rich but they both got extremely wealthy their wealth profile files different so instead of talking about specifics is hey what are the macro things that everybody needs to master collectively I think that was actually really really interesting in terms of people should focus on themselves first build their fundamentals first as an individual yes before even business related before specializing as you say then get specialized and then go into that Marketplace and money is a lagging indicator of success you can't have the payche mindset and assume that you're going to get
the results the next day no you have to become a professional you have to feel stupid in order to become smart you have to be a loser in order to become a winner so if you don't go through the trenches and understand there's going to be a period where you're not going to get paid for your efforts you're not going to get paid for your performance you just won't but eventually that will all come back and catch up to you so you can't have the paycheck mindset you can't be thinking that everything is going to
be instant gratification you have to build your value because you get paid in the marketplace in proportion to the difficulty of the problems that you solve so if the problems that you solve are big and you need a lot of value you need to become a certain type of person to solve big problems you'll get paid in proportion to that if you solve small problems like flipping [ __ ] patties anybody can do that you'll get paid in proportion to solving that problem which is not very difficult and I was talking to a very successful
bu businessman at some point last year and he said you know what is about profit Luke he's like you know where you find profit in the biggest of problems so where there's problems there's profit so most people they want to make money but they don't identify the problems that they can service and provide solutions for so instead of looking at a problem and be like oh the world sucks look at a problem identify the Gold Rush opportunity in it capitalize on it make money customers happy you get paid the world's yours for the taking what
would you say that one of the biggest mistakes that you're seeing the younger generation making right now when they when they could be making opportunity instant gratification the the the dope of hits that you have of how many motivational videos do you [ __ ] watch they're all dopamine hits you don't act on it so everybody wants instant gratification instant results instant pleasure instant love instant success success is good because most people don't achieve it if everybody was successful then it wouldn't be worth anything it's dope and it's worth something cuz it's [ __ ]
hard that's what makes is sick that's why people respect it getting rich who gives a [ __ ] about the money it's the fact that you were able to do it you Come From The Trenches you get rich respect you come from a silver spoon you get rich it's fine you got money it's a different type of game it's a different type of VI and people understand that they respect it they don't respect the fact that you have money they respect the hustle and who you became in the process in order to get it instant
gratification one two comparison comparison is the killer of of joy for you to be 18 years old and look at me and assume that you're going to have what I have be who I am do what I do without having put in the work the energy the hours the resources the time the experience is not going to happen so people are looking at the internet they're looking at all these individuals the supercars the [ __ ] all this [ __ ] like this is what I want no that's not what you want that's what you've
been told that you want that's what you've been told to success but it's not focus on you what are the essential things that you need to focus on and then I would say the final part is health I know this is a trading podcast but it's a big one you need to have your temple in check you need to have your body in check what does a man profit if he gains the whole world but loses his own soul right so if you make a ton of money if you achieve financial success business success but
you compromise your health your mindset your spirituality in the process you lost the game I think the last point is the one that a lot of people struggle with even I've struggled with it as well like when you when you get into the entrepreneurship and especially once you're the grinding phase and then of course the momentum once that momentum's there it's so easy to get such a tunnel vision and only focus on how do I grow as a business how do I grow as a as a brand as a person as a Creator and so
on and so forth and then you start neglecting all not relationships as you say spirituality Health it's so easy to be done but it's so important to to highlight it I think for sure and one thing I wanted to ask you actually was it's a bit of a different sort of scenario so kind different scenarios that we can sort of try and give some people at different levels um something to think about so let's say for example you got the person who has $1,000 right that they are able to invest or use for their growth
uh for them to be able to say get to $10,000 what what sort of things would you do if you were in that position immediately join a cheap Community join as many free communities as you can and have your name known if you have $1,000 you don't have much but what you do have is a reputation a lot of people don't invest in their reputation invest money in your reputation go get seen go Network go get involved go spend your money go spend the $150 buy a plane ticket and go surround yourself with winning people
offer value you know how people get networked and connected when they are the Tog goto guy so are you the to goto guy for anything if I'm the to go to guy and I am for a lot of things opportunity naturally comes my way because I'm the middle I'm the Gateway so before making any sort of plays myself I started becoming the Gateway that guy people knew me for this so I invested my money into my personal brand I invested my money into myself into my self-development not just my internal self-development like my mindset people
talk you don't have to buy a course a single course but what is your reputation your reputation needs to be untainted unassailable of high regard and you achieve this through networking you achieve this through interacting with people this idea of being isolated online and thinking that the best opportunities come from you talking to somebody on a Discord and that that's where things are going to get materialized yeah it could but I've interacted with people in person and the digital relationships when kind of brokered physically they come a lot more meaningful and a lot deeper so
when I have $1,000 I'm focused on me I'm focused on leveling up me you're not going to make a ton of money off of flipping $1,000 do it's just simply not going to be the case become the person that makes more money once you start making a couple more thousand do let's say you make four or $5,000 a month now you can focus on multiplying that money whether you want to flip it with sneakers flip it with you know some sort of garage sale or whether you want to trade small things here and there it's
still not a lot of money instead of flipping instead of trading you need to focus on cash flow you need to focus on how can you build and sustain your lifestyle and then all the excess is the money that allows you to trade because you can trade one of two ways you can trade out of need and out of greed or you can trade out of being in control if you trade out of need and greed you know the person that gets the $500 wants to flip it in a shitcoin because they have to pay
for rent tomorrow they're not going to win because their mindset how they're trading how they're going about it is completely wrong if you trade out of strategy out of your plan you're in control and you don't need to trade you don't need to make that money because it's not your only source of income so for Traders especially beginners they don't have enough ammunition to continue playing the game because they don't have cash flow so focus on yourself elevate your skill sets elevate your connections become a better individual make a little bit more money have some
sort of cash flow that comes in and then your excess you can jump into the market I started paper trading for the first two years so I paper traded for a couple years while I was observing it my money was was quite limited and once I began to make more money then it gave me more freedom to position myself and make better plays let's say if we took another scenario then so that's the $ thousand scenario let's go up to $100,000 let's say if you're at a $100,000 Mark and your aim is to use that
to be able to get to the seven figures what would you do in that position so right now I would probably play the crypto markets as my highest leverage play 100 ,000 to a million in a bull run is possible but obviously advocating for 10x multiples in 12 months is is pretty insane even though it's doable but I would be allocating just I would say 30% of my portfolio to bitcoin maybe 20% to eth maybe 20% to ton the open network is the new token that's been built on the telegram Eco system and then probably
the rest of the 30% sprinkled across altcoins top altcoins like salon Avalanche and just ride the bull market after I ride the bull market I'd probably cash out which is kind of what I did last Bull Run and then just put it into a high return yield uh fund that gives me five 67% a year and then wait for the next Bull Run to roll around uh it might take you two to three Cycles to get to that number obviously the goal here is to not lose money that's the first rule of trading so just
don't lose money if I tell you go buy a meme coin then it's not the right play the right play is for you to preserve that because losing $100,000 if that's all the money you have that's a lot of [ __ ] hard work to get back it's a lot of your first 100 Grand you got to respect them so once you have that number it's about growing it steadily and once again it goes back to the same principle if you have cash flow you're going to treat and interact with that 100 Grand a lot
differently if that's your end all Beall and that's where you're going to make your money from your principal from it's one thing but I swing trade I'm not day trading I don't I don't pull my profits that day and pay for the bills no I'll pull money every single year and that's kind of how I'll operate so a little bit of a different perspective I know some people make a living off of trading that's great I know people make millions of dollars doing that I personally swing trade and I have my cash flow that comes
in from my business operations and from my personal brand that allows me the opportunity to actually play long-term narratives off the back of that um actually I think it's an important one which is in terms of savings wise a lot of people they get into crypto get into trading uh very similar in nature and they're using as you as you touched on like the money that all the money they have versus I've always been someone who's tried to say like try and build some form of cash buffer but off the back of everything else that
we've talked about as well there's also a danger in that right of just having money in the bank what your what is your mindset in terms of when you're trying to invest trying to grow your your net worth are you someone who has some form of cash buffer maybe not just money in the bank but in something that is liquid enough in case you needed it I've always said like at least a three to six month cash buffer before you start to really elevate your risk in what you're doing uh what are your thoughts on
that it's interesting you asked me that because I've been thinking about it quite a bit lately i' I've hit a different Financial bracket over the last couple years so I begin to think about inflation and I think begin to think about the de basement of money cuz when you're sitting on $50,000 you're not really thinking about it when you're sitting on tens of millions and you're like oh [ __ ] my purchasing power is down 600 Grand this year what am I going to do about it you begin to think differently and now imagine you're
a billionaire and they're telling you that inflation is 8% and you're like okay well what do what do I store my money in because we need to understand what money is we talked about money is just a transfer of of basically energy you had to labor for your thing I had to labor for mine and it's a it's a bartering system of energy money is just a transfer of energy but money is not just a transfer of energy it also used to be a store of energy and a store of value however after gold was
ripped off from the dollar and the gold standard was removed saving became impossible prior to that if it was 1890 and you were working at the factory making a couple thousand doll a year and two years you could buy a home and you could actually save because there was no printing of more money today you can't save dollars because they are printing them so what you're seeing is very much what took place in the wayar Republic of Germany in World War II which was gambling was rampant prostitution was rampant speculation was rampant why because people
had to find where they could grow and store their value the difference between wayar Republic World War II in Germany and the society that we live in today is that we have an alibi we have an out which is Bitcoin Bitcoin is the ultimate store of value in the world more than gold why well number one how much gold exists do you know how much gold emerges out of the ground and gets mined and licensed and tracked and serial number stamped every single year do you know okay so you don't even know the supply of
this thing that they told you is a store of value okay well okay but people can still use it okay I understand well what can be a store of value well we need to find how to do what transfer the purchasing power of today into the future that is the name of saving your ability to spend in the future what you currently have but you can't spend in the future what you currently have if they're slowly stealing it from you via inflation so you need to store it in a different asset so you store it
in an asset that is finite what is a finite asset that requires real energy in order to be created bitcoin Bitcoin requires x amount of energy units and dollars in order to be created so you know that the fair dollar value of a Bitcoin is in direct proportion to the energy that it was required to create because this goes back to the second law of Thermodynamics energy can Nei be created nor destroyed it can only be transformed so by injecting Fiat you're injecting false energy into the system the system is going to reject it naturally
because it's outside of natural law so you're expecting a reaction You're Expecting stimulus but you're injecting fake energy and remember energy money is a cumulative of the community accumulative of the effort of people so if you're injecting fake money what you're doing is you're producing fake energy during covid 25% of all US dollars in circulation were printed trillions of dollars I was doing the calculations let's say you make a $15 an hour wage and I divided that $15 an hour wage by the amount of dollars that were printed and I realized these [ __ ]
printed over 600 billion hours of human labor because you can't quantify it in dollars you need to Quantified on how many hours of Labor do those dollars buy 600 billion who's accounting for that that's 600 billion hours of human labor and energy that were inputed that are fake nobody can account for it but you know what it does it dilutes your actual work so today I pay you $10,000 for a consultation why 5 years from now is it no longer worth the spending power of 10,000 because they're stealing through inflation so you need to hold
it in an asset class that is finite that is well respected that is institutionalized that you understand how much of it exists who has it and how much it costs to produce in this case you are able to transfer today's purchasing power into the future and based off of so far with appreciated return because Bitcoin only makes higher lows inside of the Bitcoin asset class Bitcoin is the greatest store value ever cre created in mankind it might be some glitch in The Matrix that they gave us when they realized the [ __ ] Fiat system
was about to implode I don't know where it came from I don't know where it's going but if you ask me where I prefer storing my money I want to store it in something that I know is real and Bitcoin is as real as it gets that is fair that is fair and I think you you made a good case for it there as well and just to F like finish up on two final questions one was an interesting one that I just thought of on the way here which was you me personally when I
was growing up my mom would and give me books and I would always reading you know readings who's got time for that but then as I started to try to become an entrepreneur and I was joining some classes and masterminds and so on the same books my mom tried to give me years before were now being recommended to me so I just put this huge time gap between when I could have progressed and and so on so what I wanted to ask you was that if there was one book that you would recommend to youngsters
out there who have that same mentality I had but that book maybe won't be the thing that changes their life for anything that but it's the book that they get that much value from they see the power in reading and gaining knowledge what would that book be to you we're going to keep it in trading because I think it's really important for the psychology of trading it's going to be reminiscence of a stock operator if you want to understand the psychology behind trading read reminiscence of a stock operator because the mindset that you attract or
the mindset that you have within trading will dictate your success 100 100% that is the book that I recommend that fundamentally traded and trained and changed the way that I thought about the markets Game Changer I've heard that book many many times and me personally like my my book wouldn't be a trading one it would be like Think and Grow Rich more so because of the determination like the the fact that no matter what happens in your life you just have to keep pushing on keep pushing on keep pushing on and keep that vision of
what you're trying to attain in life and the question is why do you have to keep pushing on most people don't ask that themselves because you're guaranteed the output if you continue it's very simple you want to plant seeds and you're going to expect a tree with fruit you just have to plant the seeds you don't have to worry about when the trees is going to flourish when the fruit's going to come it's going to take do its natural thing with or without you whether you get angry you want to speed it up just plant
the seeds I agree with you definitely I mean time Horizons is so important and to finish up just cuz I I know we didn't kind of do it actually throughout the podcast which probably people would be surprised for so we have to give it to them which is what are your plays like what are you keeping an eye on within the crypto space or just generally as well um you know currently what what are you looking at and what sort of predictions do you have so the big thing that I'm looking at right now is
just the ethereum ETF getting approved getting new institutional liquidity back into eth getting the next kind of wind in our sales for the next leg up of the bull run I think that'll validate the next set of ETFs like salana once we start getting altcoin ETFs the market is going to become absolutely full of liquidity it's going to be something that we haven't witnessed before because institutional money is going to pour in that's the biggest thing I'm looking at the bull Run's just getting started if you want to play main chains the best chains to
be playing right now are where the attention is salana ethereum and ton ton is the open network super invested into that ecosystem obviously 900 million users on telegram they have the attention salana they own the game when it comes to your fast day trades when it comes to your flash trading when it comes to your dgen ecosystem and obviously you have most of the projects that are built on crypto nowadays they're built on ethereum so it's already the monolithic layer it's the foundational layer of what a lot of people use in crypto so at a
foundational layer I've been looking at these three asset classes and inside of that I'll invest into different projects but those are three ecosystems the three main places that I'm looking I I see a $400 salana $8,000 to $10,000 eth $25 ton over the next 18 months I really appreciate that and I appreciate you being here with us today everyone at home make sure you drop a comment if your biggest takeaway from this episode there'll be other episodes on screen here the day trading show as well check that out make sure you hit subscribe and until
next time everyone take care