Speaker 1: Hey, folks, welcome, good evening wherever you're journey from.
Speaker 2: Welcome to another money space with me, calu aja other space.
Speaker 1: Of course, we're talking money, the economy.
Speaker 2: And personal finance. Want to make it personal to you,
Speaker 2: talk about your money and all that. So this week
Speaker 2: we're talking you know, crypto, digital assets.
Speaker 1: And all that. You know, well, you know it's been
Speaker 1: a difference.
Speaker 2: Maybe should we say in the past year or should
Speaker 2: we give it if she well say, since President Trump
Speaker 2: has come into office, the United States has moved fully
Speaker 2: into the crypto, bitcoin digital currency space. I we've seen
Speaker 2: an executive order by the President setting up a crypto
Speaker 2: reserve that basically they're going to have like a sovereign
Speaker 2: World Fund. There's gonna be a sovereign World Fund, but
Speaker 2: populated by crypto assets. I was seeing him hosting a
Speaker 2: crypto summit. I will see the new Sect, the new
Speaker 2: sect chairman crypto. Frankly, the President himself has its own
Speaker 2: meme coin. Lots of US states are now adopting you know,
Speaker 2: bitcoin reserves or crypto reserves. Lots of movements in the
Speaker 2: Senate as well and House in America. I think the
Speaker 2: President has asked them to give him a bill in
Speaker 2: August on crypto, bitcoin and all that already even prime
Speaker 2: before Trump became president, you could buy bitcoin er btfs
Speaker 2: so big comntfs are traded quoted on the market, so
Speaker 2: you can actually buy from the largest players in the
Speaker 2: US market. So it leads not to ask the question, really,
Speaker 2: it's bitcoin now a bit more mature? Has he now
Speaker 2: grown up? Is this something that we can invest in?
Speaker 2: You know, those of us that don't know too much
Speaker 2: about the that space, you know that whole detech behind it.
Speaker 2: What we're interested is like can I put money in it?
Speaker 2: And can I give the money out? Is it now
Speaker 2: something that can invest in? You know, this is a
Speaker 2: while holding the space. So those of you that know
Speaker 2: about this stuff trying to keep it very very.
Speaker 1: Simple for us.
Speaker 2: You know, like when we talk stocks, we say, hey,
Speaker 2: this stock is good. Why is it good? Because it
Speaker 2: has a low pe ratio, it has any potential? You know,
Speaker 2: it's paid its dividends. Simple stuff that you can understand
Speaker 2: and follow. I think the question why I most people
Speaker 2: are tuning into it to say, listen, is this really
Speaker 2: has this thing come to stay? You know, we know
Speaker 2: the prices go up and down. Has it come to stay.
Speaker 2: Is it just bit coin or are they orders that
Speaker 2: we can invest in? Those orders? How do we invest
Speaker 2: in them? You know, are we buying the coin? Are
Speaker 2: we mistaking? What does this mean?
Speaker 1: Then?
Speaker 2: Specifically, if if you're if we're in Nigeria and want
Speaker 2: to invest in this asset class, can we do so?
Speaker 2: I know banks still have that mfil guy about them
Speaker 2: not opening up crypto assets or crypto account and all that.
Speaker 2: Has that changed? If I want to open up a
Speaker 2: crypto account, can I do that? Things like that? It's
Speaker 2: sect having any movement on that front. That's really what
Speaker 2: I want to talk about. So I'm not an expert here,
Speaker 2: I just don't have the space allow to speak. So
Speaker 2: let's start from the true sixty digit prennial. How are
Speaker 2: you doing? Welcome to the space. Thank you for your comments.
Speaker 2: I've got the trip sixty You want to unmute a
Speaker 2: sort of lady ground for us? Are you an investor?
Speaker 2: What do we know about this market?
Speaker 1: God for it?
Speaker 3: Sir? All right? I don't know if I'm yes, you
Speaker 3: are all right? Believe it.
Speaker 4: Actually, this is my first time being on your space,
Speaker 4: and I think I picked more interest of it when
Speaker 4: it has something to do with crypto of course, it
Speaker 4: has been something that you know, I've been making with
Speaker 4: Slate and it's something that I.
Speaker 5: Think that most people should.
Speaker 6: Look into it, especially maybe you're looking for a way
Speaker 6: to make.
Speaker 3: Money and all of that, you know. But first off,
Speaker 3: just like my name, I'm the Tracy Stilly.
Speaker 7: Geprino, so that's my brand name and the social media
Speaker 7: strategists as.
Speaker 5: Well as a crypto investor.
Speaker 6: So I've been in the space for like, been here
Speaker 6: since twenty seventeen, and I think I bought my first
Speaker 6: bitcoined in twenty seventeen zero point one BTC as then
Speaker 6: was around fifty k.
Speaker 3: You know.
Speaker 5: But I have my own part of you know, the story.
Speaker 8: You know, crypto space is a place that in as
Speaker 8: much as it's something so relievable at I and fragile,
Speaker 8: you have had chances of being scam in the process
Speaker 8: and it requires some level of education learning all of that.
Speaker 1: So that's true.
Speaker 2: Are you buying not just to go to that question,
Speaker 2: are you are you buying? What are you buying? Just
Speaker 2: to give us a no, folks want to just hear.
Speaker 2: They're not gonna only hear from the folks that in
Speaker 2: the space are you buying today?
Speaker 1: What are you buying? And why are you buying? If
Speaker 1: you start doing that.
Speaker 8: Or personally I'm gonna buying right now, I'm not really
Speaker 8: buying right now.
Speaker 3: There isn't being that.
Speaker 6: With all of the things happening in the market, and
Speaker 6: areston ale of that.
Speaker 3: Personally, I still feel that.
Speaker 9: We have some more room down there, maybe somewhere around
Speaker 9: the seventy three K or so.
Speaker 3: But let's see what's going to happen in the market.
Speaker 9: And I think that would be the reason where the
Speaker 9: school would consider going into the market, because as was
Speaker 9: right now, there are so much uncertainty in the market.
Speaker 9: You're not just social where the market is actually headed.
Speaker 9: Even as I'm talking right now, the market is actually
Speaker 9: don't I think it's around it one P is there
Speaker 9: only one K?
Speaker 6: So it's not really a good time for me to
Speaker 6: actually buy.
Speaker 7: And maybe and we want to buy treated on the futures,
Speaker 7: maybe to see if I can scoop Bob some profit,
Speaker 7: which is something I would do right now, but it's
Speaker 7: not something I would want to buy at the moment.
Speaker 1: Gotcha.
Speaker 2: So the price when you say it, when I talk
Speaker 2: about bitcoin, the price is about eighty three dollars now
Speaker 2: the last five days being down four point six percent.
Speaker 2: So when when I look at a price on the market,
Speaker 2: I always look at a long term to just to
Speaker 2: see where this thing is coming from. Five year return
Speaker 2: for bitcoin it's a thousand, five hundred and seven percent,
Speaker 2: that's five years. For one year for bitcoin is twenty
Speaker 2: one percent. Year to date numbers for bitcoin is down
Speaker 2: ten percent. So the long term view seem to favor
Speaker 2: that if you hold bitcoin, you do make a lot
Speaker 2: of money. I mean all time bitcoin return. If you're
Speaker 2: looking at say beyond twenty nineteen, look at about eighteen
Speaker 2: thousand percent return. That's crazy. But again, like you said,
Speaker 2: lots of issues. Good on there. I've got limit there here.
Speaker 2: But let me let me get crypto in the let
Speaker 2: me get crypto cryptoomics.
Speaker 1: What's in your mind, sir?
Speaker 10: Thank you, mister Carlo. So when it comes to crypto currency, uh, personally,
Speaker 10: I can't hang of you know, use an inn first
Speaker 10: tours approach to you know, do my investment in cryptocurrency.
Speaker 3: Mean the fall?
Speaker 10: So like I buy to hold, especially yes for bitcoin arium,
Speaker 10: if the first five largest large cap odd coins, I
Speaker 10: buy them to hold, and then including Bitcoin and then
Speaker 10: I bought my first crypto car, say in twenty twenty
Speaker 10: two during the the worst of the pr markets, you know,
Speaker 10: and I'm still holding often I haven't sold any either,
Speaker 10: so I'm hoping to sell at the peak of the
Speaker 10: bull run or the blue market, and then I wait
Speaker 10: for another beer market to buy.
Speaker 3: That is how I approach cryptocurrency.
Speaker 10: But bait Koin and Italium I approach them differently because
Speaker 10: these two cryptocurrencies are those that have already gotten ITTF approval.
Speaker 1: So which which and which which.
Speaker 3: And which in Canada?
Speaker 10: In term I already has gotten an ETF approval for Canada,
Speaker 10: but I know that Bitcoin have gotten ITTF approval both
Speaker 10: for US and Canada as well.
Speaker 1: Okay, so what does that means?
Speaker 2: Does that means that if it does, a bigger market
Speaker 2: for it, right, So if for if recently buying it
Speaker 2: sort of gives it like strength, the market of the
Speaker 2: falling that is involved out just saying exactly.
Speaker 10: And then also just like looking at SMP five hundred,
Speaker 10: I don't see a lot of people are waiting for
Speaker 10: bitcoin to crash out the way to fifteen ten thousand.
Speaker 10: I don't see that happening in the future. But I
Speaker 10: see the movement of bitcoin going in line with the
Speaker 10: movement of S and P five hundred. You know, just
Speaker 10: if you HOLDE the long guy, the more beneficial it
Speaker 10: will pay for you. So for me, I'm using both
Speaker 10: assets bitcoin and they tell them only I say, kind of,
Speaker 10: you know, retirement. Instead of putting my money in saving
Speaker 10: this account or putting it in a recipe, which is
Speaker 10: the retirement account for Canadians, I put those moneys in
Speaker 10: bitcoin because I know that it is now, you know,
Speaker 10: gunnering kind of the mass adoption is becoming more of
Speaker 10: a reality than it was two years ago, five years ago.
Speaker 3: Like you see.
Speaker 10: Countries and you see states talking about bitcoin results. And
Speaker 10: I don't think that bitcoin is going anywhere because if
Speaker 10: it's going to foul, you won't see states, you won't
Speaker 10: see countries, you won't see presidents of different countries talking about,
Speaker 10: you know, investing in bitcoin.
Speaker 3: So for both, as.
Speaker 10: Said, I use them as my retirement input savings.
Speaker 2: So you live and you live abroad, like in the West,
Speaker 2: I live in Canada, Okay. So you're saying that you're
Speaker 2: on your like your for one your IRA four one key,
Speaker 2: you're just buying bitcoin or digital as what percentage are
Speaker 2: you buying? Like out of the total hundred percent, how
Speaker 2: much is invested in in this?
Speaker 10: So for like, what I usually do is that I
Speaker 10: have a I have a designated account where my employers
Speaker 10: pay a percentage of my income the doctor directly from
Speaker 10: my paycheck to that account. So I take about sixty
Speaker 10: percent of that money and then I put it in
Speaker 10: by its correct ETR and then.
Speaker 3: Twenty percent of the money.
Speaker 10: Wow, twenty percent of the money goes into eighty on
Speaker 10: ETR and then it's just only ten percent that.
Speaker 3: Is left to be shared among God that once.
Speaker 1: Sixty mean, how old are you? Don't that word range?
Speaker 1: How old are you? What's your range? Your age ranger?
Speaker 3: I'm still in my lid in my little status.
Speaker 1: Okay, so very very young. So you're doing a lot
Speaker 1: of this will be interesting? Okay, yes, So.
Speaker 10: Again I know you asked another question about what do
Speaker 10: we check when you're buying all that what coin?
Speaker 2: What if I don't know anything and I want to
Speaker 2: buy enter this space, give me three things I should
Speaker 2: look out for?
Speaker 3: Okay, So if.
Speaker 10: You want to enter the crypto space, the first thing
Speaker 10: you have to check is what real problem are these
Speaker 10: people solving? And I will say it and then I
Speaker 10: will give you a newspapse. There is a project that.
Speaker 3: Is called chann Link. So with channel link, what problem.
Speaker 10: The chann Link is a project that is providing real
Speaker 10: data that is being used among the all among hundreds
Speaker 10: of projects within the crypto space. And then recently we
Speaker 10: saw that Nastak said that in twenty twenty six they
Speaker 10: are looking at you know, be going twenty four hours,
Speaker 10: five five days a week. And we have been hearing
Speaker 10: about rumors about to recognize the stocks.
Speaker 3: Now all these things.
Speaker 10: If it has to come in terms of to cognize stocks,
Speaker 10: the probability that it will be built on chann link
Speaker 10: is very very high because a lot of projects are
Speaker 10: you see that you see in cryptocurrencies the interact with
Speaker 10: channel link, So it's kind of like the Channing is
Speaker 10: more of a global you know, interpailability among most of
Speaker 10: the projects you see we see in crypto space. Now,
Speaker 10: when you see you see the problem these people are
Speaker 10: trying to solve, right, so you have to see and
Speaker 10: check what rail, what problem that they're trying to solve.
Speaker 3: That's number one. Then the second thing I look.
Speaker 10: At is this, do they have trusted investors that's another
Speaker 10: criteria I check.
Speaker 3: So if you if you like, I use it.
Speaker 10: I usually use crypto rank dot io to rea to
Speaker 10: as one of my twols story search on cryptocurrencies, so
Speaker 10: you will see the listed those like investors that are
Speaker 10: actually putting their money in those projects. It will be
Speaker 10: listed on that project if they have any you know,
Speaker 10: if they have any investors, those investors, and then in
Speaker 10: some cases the amount they investors will be listed. So
Speaker 10: when I'm looking at investors, I look at tier one
Speaker 10: tier two. I take those two tiers of investors very serious.
Speaker 10: But when it begins to go the thirty forty five,
Speaker 10: sometimes those people are coming.
Speaker 3: In just to buy and don't put the retail investors.
Speaker 10: I'm not saying it's it's all the time, right yeah.
Speaker 10: So but look, if you see a TI I one investor,
Speaker 10: like a lot of project that you have a lot
Speaker 10: of TR one investors in them, then I tend to
Speaker 10: take that project more serious than a project that I
Speaker 10: see that doesn't have at one or tier two investors.
Speaker 2: Okay, let me understand what you're saying. So just just
Speaker 2: point philosop number one. If I want to buy, look
Speaker 2: at the real world problems they're trying to solve, so
Speaker 2: the cryptos to saw the real world. Number one, number two,
Speaker 2: I won't look at the investors. This is all the
Speaker 2: tier one coming. The investors are going to be the
Speaker 2: I see the quoting people coming into this space.
Speaker 1: This tier one thing is what.
Speaker 11: So now.
Speaker 3: Investors are ranked the same ways are ranked according to
Speaker 3: this thing A right, So investors in the crypto space
Speaker 3: are runked. I don't know how they do the ranking,
Speaker 3: but I know that they are ranked. They have ranked.
Speaker 3: Investors have their own rankings.
Speaker 10: We have like investors like Binance, right those Binance coin base,
Speaker 10: those are regarded as.
Speaker 3: One investors, I think, right.
Speaker 10: So, so that that's another thing.
Speaker 3: I looked at.
Speaker 10: And then another thing I can'tsider is their economics. For example,
Speaker 10: if they are if they are about twenty one is
Speaker 10: but I.
Speaker 3: Will just talk at this thread.
Speaker 10: If I see any project that the founders of the
Speaker 10: project has anything more than fifteen percent of the total supply.
Speaker 3: Amount, that's the thing.
Speaker 10: Someone we tell you seventeen percent, dom will tell you
Speaker 10: twenty percent. I am not looking at cryptocurrency as fast, see,
Speaker 10: I just want to buy and then it form size
Speaker 10: that No.
Speaker 3: That is not how I do approach cryptocurrency.
Speaker 10: You know, so if the founders of the project has
Speaker 10: anything more than fifteen percent of the total supply, I
Speaker 10: would just believe.
Speaker 3: And even in looking at the total.
Speaker 10: Supply ds sometimes what most of them do is that
Speaker 10: the way is there will create about one thousand one
Speaker 10: let and then then we distribute all those things so
Speaker 10: that it will look at it there are one thousand
Speaker 10: people that is only that is holding those projects or
Speaker 10: you never that is one person that ows one thousand worlds.
Speaker 3: All right, a little that you really need to.
Speaker 10: Have the training the next factus in order to be
Speaker 10: able to depict quality.
Speaker 3: Projects from crypto me project.
Speaker 2: You know, great, great, thanks for taking all strategy. We
Speaker 2: can hang around. I want to just bring everyone in.
Speaker 2: I think I've planned through eighteen from you and I
Speaker 2: know that's listening a bit love from you. Hang on,
Speaker 2: let's get if you guys are hoping the olimitay, what
Speaker 2: what are you doing? Welcome to the party. You mean olimity.
Speaker 2: Trump is hosting digital summit. Michael say, Oh, it's going
Speaker 2: to be the biggest. That micro essay is going to
Speaker 2: be the one of the biggest. Uh, this is a
Speaker 2: nice dark is going to be putting the next dock
Speaker 2: very soon. He has about sixty billion. We're doing sex
Speaker 2: supported towards crypto. Sentiment is shifting. What could go wrong
Speaker 2: with limited should we have?
Speaker 1: With a right.
Speaker 3: Good Calum.
Speaker 12: Nice to be a bas again and I think it's ours.
Speaker 3: You're so happy to be here.
Speaker 12: Because for those that followed your space and lady, well you,
Speaker 12: I think, yeah, the things they're going back.
Speaker 3: The guy has to mean let me see sorry the okay, then.
Speaker 12: If you look at the market from the art we
Speaker 12: give when you spoke about when we spoke about Marcat
Speaker 12: your space, I think there's a lady and one guy
Speaker 12: that gave a very disposition and that came to play
Speaker 12: to what we are seen.
Speaker 5: You know, I think first of all, biscoin.
Speaker 11: Is here to stay.
Speaker 12: Traditional finals have suppose for bitcoin. If you just look
Speaker 12: at black Rock and micro Strategy. You just mentioned the
Speaker 12: own about five percent of the total amount of bitcoin,
Speaker 12: however produce and you know book packers say that about
Speaker 12: five million bit because always below so we roughly have
Speaker 12: about seventeen million I will ever.
Speaker 5: Be available even after the last.
Speaker 12: Bitcoin in his mind, So when you look at the
Speaker 12: population of it's being on plus I look at the
Speaker 12: fact that two entities already control five percent supply. It
Speaker 12: tells is that definitely bigger has a deflutionary property. And
Speaker 12: you know with Turner Trump coming to play the ecosystem,
Speaker 12: bringing out a pro firendly sect that understands crypto and
Speaker 12: his self engaging with the crypto industry. Result the meeting
Speaker 12: he had to the pressent that's positive. Can I don't
Speaker 12: want to go into dimnity, but those are deport However,
Speaker 12: it has shown that in love Nigeria has suffered from
Speaker 12: crypto exposure this quarter and that.
Speaker 3: Was word things I raised.
Speaker 5: I said that a lot of people don't understand that.
Speaker 12: One of which is why Bitcoin is different from the
Speaker 12: rest is that he has a strong footing traditional for nows.
Speaker 12: You know, take a look at Blackrock. Black Crocker has
Speaker 12: about primary of ten thousand bitcoin, a look at macrostergg
Speaker 12: has over from thousand bitcoin.
Speaker 5: Then they are big entity. The Chinese government is.
Speaker 12: Jermans food, the British governors, so there are different. So
Speaker 12: this is that the bitcoin and the argument for bitcoin
Speaker 12: is that it's not.
Speaker 3: It's not over the central authority.
Speaker 12: No central authority governs, so it's the centralized and the
Speaker 12: integrity of that space is highly maintained and since has
Speaker 12: not been at or. There are very few cases where
Speaker 12: bitcoin plays in the dark channel. You know a lot
Speaker 12: of people see as big a good. Then the US
Speaker 12: FED chief recently called its dictar good.
Speaker 3: So that happened.
Speaker 5: But can we look at the price actual from January to.
Speaker 12: As we speak, because has lost more than twenty five
Speaker 12: percent and a short term it looks like it's in
Speaker 12: the perish market and the revision is not perfecte bigger
Speaker 12: as the positive coalitions with the post contentity.
Speaker 3: So the reason is because while central banks.
Speaker 12: See the good as an asset, many of them are
Speaker 12: not compassed with bitcoin.
Speaker 5: You see what happened with their central bank saying.
Speaker 3: That they don't see people the Libor act to hold.
Speaker 12: So I expect that people should learn that here this
Speaker 12: aparty is going. But it doesn't mean that don't see
Speaker 12: an award view where people call him pitcoin. Remember your
Speaker 12: space one million dollar now as we speak, what really
Speaker 12: happening is that equidated be dread. You look at Tailor,
Speaker 12: it's going below to two thousand dollars. Man, look as
Speaker 12: hout coins and another thing against that this place is
Speaker 12: heavily regulated. We've seen a lot of people who wintance comes,
Speaker 12: maintenance comes, and you look at mine coins, for example,
Speaker 12: the majority of man coins have lost.
Speaker 3: Like persent of their value. So calu.
Speaker 12: It takes me back to the fact that that has
Speaker 12: diminished the ways some people's say Crypto.
Speaker 5: However, like I said, we had a strong light, positive horizon.
Speaker 5: But to loused on my points.
Speaker 12: The truth of the matter is that John Trump has
Speaker 12: put a positive putical.
Speaker 3: Cover on big point.
Speaker 12: But the readies that I listened to other speakers, I
Speaker 12: think they're over over leverage, the optimistic.
Speaker 5: About yes to space, And I'll tell you why.
Speaker 12: The if you look at different type of different coins
Speaker 12: came out, I use mini coins, different bad contracts.
Speaker 3: The space is a fold. We don't really know the
Speaker 3: old coin that we want to preve. We first thought
Speaker 3: that it was going.
Speaker 5: To be itterial because of this mark contract the.
Speaker 3: Ability, but now we see that it's just bit contract issue.
Speaker 5: And so personally I feel that he's too.
Speaker 3: Really to call.
Speaker 12: But Bitcoin diffinitly should be an asset CS and you
Speaker 12: know the Americans this mark with.
Speaker 3: The EF you don't need to direct people with pit coin.
Speaker 3: You can buy just like we by, but the.
Speaker 5: Problem is that in Nigeria many people don't have that.
Speaker 3: To like exclose you.
Speaker 12: So there's a point when some investment packers were construted.
Speaker 3: Average coin in the stock market and just pro.
Speaker 12: Packet engine I would become surpassed because because the Commission
Speaker 12: has already said that keep conneitarium.
Speaker 3: The past has commodities. So that's my take.
Speaker 1: Okay, then I just act you specifically for Nigeria.
Speaker 3: Right.
Speaker 2: Sex seems to support bitcoin, but is a sibling on board.
Speaker 2: Now can I walk into a bank and open Carlo
Speaker 2: bitcoin account?
Speaker 1: Can I do that.
Speaker 12: To versy to be even those that work in the
Speaker 12: industry in theity indactigy with banks, you know, on paper yes,
Speaker 12: in reality no, because before Cardoso came on board, banks
Speaker 12: were penalized for those transacting with crypto. So those pays
Speaker 12: on fines banks are overlay cultus. And the truth is
Speaker 12: that the TPN is still traditional.
Speaker 3: DEPI in Nagera is still traditional.
Speaker 12: And managed and there's no bod language that shows that
Speaker 12: they are.
Speaker 3: They spoke about decision at one point, I remember did
Speaker 3: that people point? Uh, there was this back and forth.
Speaker 12: So I think when the depers will be made is
Speaker 12: cured as your commission when they are proved bitcoin spotitive.
Speaker 3: On n G for example, Okay, we see people treating.
Speaker 12: That maybe passive passively packs definitely paths Now, okay, this
Speaker 12: is a the im Parks discipline Casco caring a lot
Speaker 12: because I doubt it.
Speaker 2: And the second question for you just on the only
Speaker 2: go higher, go go micro. Right, if I was to
Speaker 2: invest in being bitcoin today Nigeria, am I buying at
Speaker 2: a pree?
Speaker 1: I forget the price? But is this a premium or
Speaker 1: a discount?
Speaker 11: You know?
Speaker 2: The price action today is all negative. We see it.
Speaker 2: But but stalks also negative today? Right for me, for
Speaker 2: you or before you have I'm just as an asset class.
Speaker 1: Right is this thing now? Is this thing at a discount?
Speaker 13: Not?
Speaker 1: The price? Is the is the discount?
Speaker 3: Is the premier discount?
Speaker 12: Felt it's a discount.
Speaker 3: It has a diffictional property.
Speaker 12: You know he has strong backings of golobals and giant
Speaker 12: and which turn ROMs as session on strategic pison.
Speaker 3: You know it's a matter of time. But the problem
Speaker 3: for the aid is on your power. Yeah, you can
Speaker 3: hold this care for five years.
Speaker 12: The aader you have because of DIPSI so yeah for
Speaker 12: the open classhop you won't percent.
Speaker 3: Yeah, it is a discount, but you have your populi.
Speaker 3: That's a very trickish question.
Speaker 1: Interesting, Okay, let me get two guys to speak and.
Speaker 3: Through.
Speaker 2: Actually I just them two guys. These are two folks
Speaker 2: that are really into sit into bitcoin to take us
Speaker 2: both local and it's national. Not going to get both
Speaker 2: to them. It's got some money. You have cast some money.
Speaker 2: Please please hoop on. You're welcome. I remember you telling
Speaker 2: me back then as well, two years ago, that you
Speaker 2: were buying bitcoin. Are you still buying now? How many
Speaker 2: do you hold it? You can tell us I'm not
Speaker 2: the tax guy. Are you still I still botherish on this?
Speaker 3: Thank you, thank you, thank.
Speaker 10: You, mister Jack. So happy to be back here, my brother.
Speaker 10: One of the best spaces in West Africa.
Speaker 1: Crazy for you.
Speaker 10: Every time you give me this platform, I'm always very
Speaker 10: very excited.
Speaker 3: It's about two years now that I've been.
Speaker 1: On your platform.
Speaker 3: We cannot do any of that d patform BATC.
Speaker 10: First of all, Bitcoin is the best performing assets in
Speaker 10: the world as we speak, the best performing assets in
Speaker 10: the world and a live asset performance chat over the
Speaker 10: last four years of bitcoin. Bitcoin obviously beats magnificent seven
Speaker 10: and you know what I'm talking about. It five hundred
Speaker 10: bitts resting bats gold. It beats bond bond. Is you
Speaker 10: less born?
Speaker 3: Is completely useless?
Speaker 10: Bitcoin outperformed everything on Earth.
Speaker 3: I've won a bitcoin education.
Speaker 10: News media outlet with my partner Journey because here it's
Speaker 10: called a social journal. I think is the biggest and
Speaker 10: the most honatal traited, authentic bitcoin only educational platform in Nigeria.
Speaker 10: I am very close to the SEC Director General and
Speaker 10: I wrote, is thiss in bitcoin? We all know that,
Speaker 10: doctor Tima Gamma. And if you look around Africa never ever,
Speaker 10: and I don't know anywhere else in the world, I
Speaker 10: start to be corrected. Will you find the Director General
Speaker 10: of the SEC or the Chairman of the.
Speaker 3: SEC go live to speak at a bitcoin.
Speaker 10: Conference for the first time in the history of Africa
Speaker 10: and the history of Nigeria. Doctor Sema Gamma attended our
Speaker 10: Bitcoin conference in Nigeria December last year in partnership with
Speaker 10: the television station on the SCV. So everybody in your
Speaker 10: space now should wake up. You will never lose one
Speaker 10: time in BTC.
Speaker 1: If you don't.
Speaker 10: Sell within four years, tell me what asset class.
Speaker 3: Can do better than Bitcoin. If like you are AT
Speaker 3: both bitcoin w have said this for the past three years.
Speaker 3: If like you AT bought bitcoin with just one.
Speaker 10: Percent one percent of our reserve that we have had
Speaker 10: in the last four years, Bro, right now, we will
Speaker 10: be getting ready to start of setting our debts. As
Speaker 10: I speak to you, mister carlajab Bro, bitcoin is vital,
Speaker 10: bond a toxic. As I speak to you, bitcoin is
Speaker 10: is superior to.
Speaker 3: The town capital. As I speak to you, Bitcoin.
Speaker 10: As a match as an institutional asset, and it is
Speaker 10: now more viable than bond.
Speaker 3: Of course, for public corporation.
Speaker 10: The number of public entities that alding bitcoin now is
Speaker 10: sudgean from ATF owing about forty percent to countries about
Speaker 10: ten countries, private complains more at ten, public complaints more
Speaker 10: than fifty mining complacement on fifteen in total of almost
Speaker 10: one and twenty companies about thirteen plus percent of the
Speaker 10: entire totalp BE twenty circulation valuing over twenty and sixty
Speaker 10: four billion.
Speaker 3: What asset class would.
Speaker 10: You put money and in the next four years we
Speaker 10: do one hundred percent? What is the CGR of every
Speaker 10: other asset class compared to BTC, Mister Calhou. I will
Speaker 10: be very, very proud to tell you that the analyzed
Speaker 10: returns is twenty ninety twenty to twenty twenty five or
Speaker 10: bitcoin it's two hundred and thirty percent SMP five hundred
Speaker 10: level point five percent, go five percent. I mean US
Speaker 10: ten years, treasury, one one decade, treasury rubbish one point
Speaker 10: five percent. As we'll see you anyway, real estates five
Speaker 10: point five percent.
Speaker 3: Where would you put your money? Where would you put
Speaker 3: your money?
Speaker 1: Very interesting starts Yeah earlier, I mean you can, you
Speaker 1: are right.
Speaker 2: I mean again, you were here two three years ago,
Speaker 2: and I've seen your videos where you are mining bitcoin
Speaker 2: with Diesel generator and legos, so I'm back then. I
Speaker 2: was like, okay, you're paying for diesel to mine bitcoin.
Speaker 2: Let me let me talk about that for a second.
Speaker 2: Has that been profitable?
Speaker 3: I e.
Speaker 2: That was doing subsidy. Now there's no subsidy. Just before
Speaker 2: I combat to it.
Speaker 10: Is another lie to you. It was a beautiful experience,
Speaker 10: but it was between my friend. We ran into different problems.
Speaker 10: I wouldn't encourage I wouldn't encourage anybody to do that.
Speaker 3: Right.
Speaker 10: If you don't have the bad please don't do it.
Speaker 10: You might vol into problems. Okay, So for someone like
Speaker 10: me and I'm one hundred percent invested in bitcoin, one
Speaker 10: orndred percent, whether I am poor, whether I'm reached, I
Speaker 10: don't have a.
Speaker 3: Dime in nayra.
Speaker 10: Let me tell you something, one set of bitcoin is
Speaker 10: not greater than every night you and here you listen.
Speaker 3: To what I am saying.
Speaker 10: As I am speaking one sat of bitcoin. It's not
Speaker 10: one tetic cobble. So if you saved in Piggy's spend,
Speaker 10: that's one same money. All of these things shout out
Speaker 10: to all those beautiful innovations.
Speaker 3: You are deceiving yourself.
Speaker 10: There's no amount of percentage to give you a month
Speaker 10: or month, six more one year.
Speaker 3: That's can pat inflation in a.
Speaker 1: What is sat what's that thing? Said sut of bito?
Speaker 10: Okay, there are one billion satoshi's in one bigs like
Speaker 10: you have a couple of covers in one era and
Speaker 10: a couple of cents in one dollar.
Speaker 3: Right, the unit of account of bitcoin is.
Speaker 10: In Satoshi's sacks for shots. So they have one hundred
Speaker 10: million tatoshis and one bitcoin. So if you're buying bitcoin,
Speaker 10: if you have not got to one hundred million Tatoshi's
Speaker 10: you don't have bitcoin.
Speaker 3: What you have is sacks.
Speaker 10: So that's small less unit of account of bitcoin, one sack.
Speaker 3: It's not greater than our own one nira. That's what happening.
Speaker 10: Yes, terribly, that time I came to your space two
Speaker 10: years ago, it was just like for twenty thirty couple
Speaker 10: to one nira, twenty technic cover to one SAT. Today
Speaker 10: one sat is one is one there at one couple
Speaker 10: go and check it, and it is because bitchcoin is
Speaker 10: not into seven eighty five thousand dollars. When bitcoin goes
Speaker 10: back to one hundred thousand dollars wanted as several thousand dollars,
Speaker 10: one stats will be almost two narrow. Why would you
Speaker 10: say in the naira white people, there is the way
Speaker 10: that Giando mens.
Speaker 11: Will escape it.
Speaker 3: I have insight information that they're already talking about bitcoin.
Speaker 10: Now you're squeezing the neck of the Director general of
Speaker 10: the SEC.
Speaker 3: Everybody wants to collect lincense.
Speaker 10: My company has also found for their celebrated and regulatory
Speaker 10: incubation program.
Speaker 3: We've been waiting. We kind of don't like the fact
Speaker 3: that Quidas.
Speaker 10: And and and and bush A monopolized in the space,
Speaker 10: but shoutouts to Puci and Blalou.
Speaker 3: Those are great guys.
Speaker 10: But the twothies doctor Simia Gama is like a brig
Speaker 10: daddy to me, and we keep telling him line stys
Speaker 10: bitchcoin company. First, before you pay attention to all that
Speaker 10: crystal jagons, because most of them are centralized. As a
Speaker 10: matter of fact, all of them are centralized and scamp
Speaker 10: is involved. You can see what is happening in America.
Speaker 10: You see the way doing our top turned around after.
Speaker 3: The first treat that you made. You can see that
Speaker 3: the country will losing a lot of money. Look, if
Speaker 3: you compare it's.
Speaker 11: Goin investment to Xli and the rest of them, you.
Speaker 10: Will realize that the bitcoin is an anti censorship bascoin
Speaker 10: is finite. But all of these other ones they have
Speaker 10: shared this, they already had a pre mind operation before
Speaker 10: they even came into existence in the first place. Any
Speaker 10: Body on this pace can mind bit coin. You have
Speaker 10: just kick off your your You can buy a minor,
Speaker 10: gets a computer and then start to get the reward.
Speaker 10: So there are many things I would love to say,
Speaker 10: but I just want to say that on EDG today,
Speaker 10: in the last ten years, no way on EDG to
Speaker 10: day that any asset class has talned better than bussy.
Speaker 10: I'll stay here and see if there's an opportunity to China.
Speaker 10: But thank you very much for biking me up music.
Speaker 1: How thank you? I mean that's a victory role if
Speaker 1: I had one.
Speaker 2: When you say make a recommendation that comes to pass,
Speaker 2: then you can talk like how my friend is speaking
Speaker 2: and he's not wrong.
Speaker 1: Right.
Speaker 2: Bitcoin's return has beaten every ass a class. I think
Speaker 2: people are scared about putting money in their butt. His
Speaker 2: data pans out. Let me get it's a thing. It's
Speaker 2: a thing. You heard all my friends from Nigeria. I
Speaker 2: spoke about the returns. If you hold naira, you will
Speaker 2: know how bitter inflation. If you hold Bitcoin with that
Speaker 2: bitter inflation, if it give us the international angle, also
Speaker 2: the use case for this, I'm always a use case person.
Speaker 2: And my mindset goes back to that Bloomberg article where
Speaker 2: they said only four percent of bitcoin is actually being
Speaker 2: used for transactions.
Speaker 1: The rest are being used just to hold like he's
Speaker 1: doing to bat inflation.
Speaker 2: So can you speak around that is has being mat
Speaker 2: sure to the fight the guy here has spoken about
Speaker 2: chain link has a major The fact that bitcoin now
Speaker 2: has real day to day use utility that then allows
Speaker 2: us to invest and nowhere buying something that is tangible.
Speaker 2: Can you speak around them a thing?
Speaker 3: Yeah, thanks for having me in the space.
Speaker 14: Yeah, I think it's been a couple of years as
Speaker 14: we locked along with other watch guns.
Speaker 3: My African brother here. So you know, I think the
Speaker 3: use case for bitcoin.
Speaker 14: Now, you know, I'm a I'm a physician on the
Speaker 14: West Coast in the US, so you know, I've dope
Speaker 14: down the rabbit hole for bitcoin at twenty one, and
Speaker 14: the more I learned about bitcoin, I understand it as
Speaker 14: a great store of value that is the best use
Speaker 14: case for bitcoin for long term. So I basically treat
Speaker 14: bitcoin as a savings account and then I.
Speaker 15: Use our dollar as my checking account.
Speaker 14: So whenever I have to make you know, mortgage payment,
Speaker 14: car payments, any bills that are due, I use the
Speaker 14: dollar for that.
Speaker 15: But anything extra that I have left on the side,
Speaker 15: I actually.
Speaker 16: Converted to bitcoin right away because.
Speaker 15: I know long term it's the best savings account and
Speaker 15: it's been given you know, recently, it's been given.
Speaker 3: About fifty percent.
Speaker 17: I realyzed a return per year and I expect that
Speaker 17: to continue for probably the next decade, and the more
Speaker 17: you study this asset class, the more you realize that
Speaker 17: this is going to outperform anything else, at least for
Speaker 17: the next coming decade.
Speaker 15: So this is where I think for your audience, I
Speaker 15: would really.
Speaker 17: Want to say that there's a difference between bitcoin and
Speaker 17: crypto and I learned that early on. Initially I had
Speaker 17: bought bitcoin and some Cardono and ethereum, and the more
Speaker 17: I learned crypto.
Speaker 15: Space all the other tokens.
Speaker 3: They have a CEO. They can change the supply of
Speaker 3: the crypto.
Speaker 15: Asset anytime they want.
Speaker 14: Bitcoin is the only one that is the fixed supply
Speaker 14: of twenty one million, and that's written in computer code.
Speaker 17: And you have to spend at least one hundred hours
Speaker 17: learning this asset class to understand it. And you know
Speaker 17: on your heading here says crypto strategic reserve. I would
Speaker 17: just clarify for the listeners and the audience here it
Speaker 17: actually is a bitcoin strategic reserve.
Speaker 15: So it's a there's two parts.
Speaker 3: Of the thing that was passed.
Speaker 17: One is the bitcoin strategic reserve where they're holding the
Speaker 17: bitcoin that they have, and then they're coming up with
Speaker 17: ways budget neutral ways to acquire more bitcoin.
Speaker 15: And the second part is a crypto stockpile.
Speaker 17: So the crypto stockpile, they have all kinds of different
Speaker 17: tokens in there, and there's no plan to accumulate more,
Speaker 17: but they can always sell it to converge to bitcoin.
Speaker 15: So that's the differentiation. I think the people in the
Speaker 15: White House they actually.
Speaker 17: Really understand that bitcoin is different from the other crypto assets.
Speaker 15: And this is where I would really treat it as
Speaker 15: a savings account long term.
Speaker 17: You want to buy it when you're ready to all
Speaker 17: it for at least four years time frame.
Speaker 15: And then I'd like to give two examples. I think
Speaker 15: I've given it in one of your past spaces as
Speaker 15: I was learning.
Speaker 3: About bitcoin gold.
Speaker 15: I think this resonates with everyone in the world.
Speaker 3: Gold it took gold.
Speaker 17: Five thousand years to go from a value of zero
Speaker 17: to thousand dollars because people trusted that this shiny rock
Speaker 17: has value and it had to gain the trust of
Speaker 17: the people. And bitcoin did the same thing in ten years.
Speaker 17: It went from zero to one thousand dollars value in
Speaker 17: ten years. So again, people are trusting that there's only
Speaker 17: going to be twenty one million bitcoin, and they're trusting
Speaker 17: the code that that's not going to change, and this
Speaker 17: monetary supply is backed by energy coin.
Speaker 3: So that's one example.
Speaker 17: And the second one is it's the fastest asset to
Speaker 17: one trillion dollars.
Speaker 15: It beat even Google, Meta, Facebook, Tesla to.
Speaker 3: Get to a one trillion market cap.
Speaker 15: So this acid should not be ignored.
Speaker 3: I think if.
Speaker 15: Anyone's learning about the crypto space, spend some time learning
Speaker 15: about bitcoin first.
Speaker 14: Crypto is more speculation, in my opinion, but everyone needs
Speaker 14: to learn that on their own.
Speaker 17: But the White House is portraying Bitcoin strategic reserve, and then.
Speaker 3: They have a crypto stop pack.
Speaker 17: And again, being like a regular person working day to day,
Speaker 17: how do you figure out from there's actually millions of cryptos.
Speaker 17: I can spin up a crypto right now on this pot,
Speaker 17: and I can try shilling it in the space right
Speaker 17: now if I wanted to.
Speaker 15: And that's the problem with crypto. There's too many. There's
Speaker 15: no real use case for ninety nine point nine percent
Speaker 15: of them, and that you learn as you're.
Speaker 17: Going through the process of one hundred hours. So bitcoin
Speaker 17: rate savings to long term, it should do really really well.
Speaker 15: I think it's going to uperform any of the stock markets.
Speaker 3: So actually I used to buy Tesla.
Speaker 17: First in the past, I actually don't buy any Tesla
Speaker 17: stockulent because I think Bitcoin will outperform Tesla.
Speaker 2: So can I answer the questions saying, let me ask
Speaker 2: a question I couldn't mind. So, how does the Bitcoin
Speaker 2: Strategic Reserve help the sector? Lay it out for us
Speaker 2: and for those that are listening, like the really standard stuff.
Speaker 2: Why does when the USA is the one to have
Speaker 2: this bitcoin reserve, and I thank you for pusing that
Speaker 2: to a show, how does it now help bitcoin help
Speaker 2: I eed, investors and even the price and what happens?
Speaker 1: Could you lay that out for us?
Speaker 3: Yeah? Excellent, excellent question.
Speaker 14: This is I think what Trump did by announcing the
Speaker 14: bitcoint Strategic Reserve is he's bringing everyone's attention throughout the
Speaker 14: world to bitcoin.
Speaker 15: So he's actually starting.
Speaker 17: The game theory of nation states four mooining into bitcoin.
Speaker 15: So I think the biggest holder right now is US
Speaker 15: about two hundred thousand bitcoin.
Speaker 17: Second biggest is China, I believe, and then there's a
Speaker 17: few other countries. But this is where he's actually setting
Speaker 17: off the game theory of bitcoin really taking off. And
Speaker 17: I would say this is like a great anything under
Speaker 17: one hundred thousand if you can get into bitcoin. It's
Speaker 17: a great buying opportunity.
Speaker 15: And this is and there's a there's a block of
Speaker 15: people people think.
Speaker 17: Oh my god, this is Let me check the latest prize.
Speaker 17: It's eighty two thousand, so it's on sale right now.
Speaker 17: Whenever people say eighty two thousand I have to buy,
Speaker 17: I can't.
Speaker 3: Buy one bitcoin. No, you can.
Speaker 15: You can save a dollar per day, you can take
Speaker 15: your naira, you can.
Speaker 17: Buy very minimal amounts and you created like a saving
Speaker 17: So I think it's a more of a habit that
Speaker 17: you need to create. But the urgency is more more
Speaker 17: there now because I think what Trump has done is
Speaker 17: he's actually called it out and he's actually getting the
Speaker 17: Nation States to really go.
Speaker 15: Into this asset class.
Speaker 3: So the ones I think there's a lot of countries
Speaker 3: that already know it.
Speaker 17: There's a you know, Dubai is mining bitcoin, Abu Dhabi is.
Speaker 17: There's a lot of places all around the world that's
Speaker 17: already doing it. But he's bringing the attention now to
Speaker 17: like European folks that have been you know and IMF
Speaker 17: that have have been fighting bitcoin. Guess what they're gonna
Speaker 17: flip now because now the greatest country and the US
Speaker 17: dollar being supreme is actually okay with the bitcoin now,
Speaker 17: so he's actually given the green light. And I think
Speaker 17: he started at a nation state formo. So I would
Speaker 17: tell your listeners study the one hundred hours really fast
Speaker 17: right now.
Speaker 15: If you can get some under one hundreds, that would
Speaker 15: be great.
Speaker 10: And just saying strategy, thank you very much for my brother.
Speaker 10: Let me cook a chiping something here for my Nigerian people.
Speaker 10: And it's been a long time we spoke and Charlotte is.
Speaker 3: Rgally a great big choir. Look, mister Carlos said something
Speaker 3: when the Loomiti was speaking.
Speaker 10: Right, Uh, the banks in Nigeria will ever accustody and
Speaker 10: sell bas coin. First of all, go back to two
Speaker 10: days ago the Office of the Controller of the Currency
Speaker 10: in the US just about two three days ago were
Speaker 10: seen the previously policy that's required their banks, you know,
Speaker 10: to get prior approval to basically demonstrate adequate risk controls
Speaker 10: before they are able to engage in cryptocurrency related activities.
Speaker 10: In other words, what they're saying is going forward in
Speaker 10: the United States of America, every bank, every freaking bank
Speaker 10: in America will buy and sell big coin and all
Speaker 10: that cryptocurrency.
Speaker 3: Who is the United Siam banker that will not do it.
Speaker 10: I can bet you from Chetback backs, from chet Back
Speaker 10: Badget jim Obia to Tony and Lumlo. Everybody and their
Speaker 10: banks was sell b TC already. The banks are already
Speaker 10: backed up processing print con transactions. If not a lot
Speaker 10: of their company, a lot of the banks will have died.
Speaker 10: Cryptocolity transactions has.
Speaker 3: Really held on banks up there.
Speaker 10: If not by now they will have taken over on
Speaker 10: bands the way a retad bank went off and Crystal
Speaker 10: Bank is working.
Speaker 3: Also, somebody spoke about uh.
Speaker 10: Buying bitcoins the particular time you cannot time bit coin
Speaker 10: market like Swaranji said, there are twenty one million bit coins,
Speaker 10: which means one hundred millions or so.
Speaker 3: She's in twenty one million places never to be printed again.
Speaker 10: Never again will you find twenty one plus one. So
Speaker 10: you can buy from the top, you can buy from
Speaker 10: the midile, you can buy from bido. What you're basically
Speaker 10: doing is twenty with dirty trash, Fiat inflationary paper money,
Speaker 10: whether it's not at all pounds, and you're buying the best.
Speaker 3: Assets in the world, putting it in cyberspace, and and
Speaker 3: basically engineering with engineering.
Speaker 10: It's with artificial intelligence, let it soar forever and ever.
Speaker 10: So if you want to buy this point, buy your
Speaker 10: own person of the twenty one million, if only if.
Speaker 3: It is just ten thousand that you can buy that
Speaker 3: ten that's one that I will never go down the train.
Speaker 10: I want to tell every Nigeria that it is the
Speaker 10: ner of paper dollar that flung twings. If you buy bitcoin,
Speaker 10: those decimals that you bought will never ever change.
Speaker 3: Anybody that does held.
Speaker 10: Bit point in four years, whether bear market or whatever,
Speaker 10: market will never ever loose one dollar bounty. You start
Speaker 10: to look at this going because your price, he's going up,
Speaker 10: he's going down. Then you start to plan it, hold
Speaker 10: it for four years, swelve months times fourth, nothing on it.
Speaker 3: We've patched the c a g out of BTC. Lookas
Speaker 3: cash is our issue of Nigeria, lucas MP out of Nigeria,
Speaker 3: lucas inflation rates of Nigeria. How the hell will people survive?
Speaker 3: There's no way the banks will be able to borrow
Speaker 3: money because I see our is the largest freaking hell.
Speaker 3: So if they're gonna learn money, they gotta love money
Speaker 3: to to to to wealthier.
Speaker 10: So the market seller version of the borrow money to buy.
Speaker 10: This coin cannot work in Nigeria because twenty seven percent
Speaker 10: and no band go borrow you less than twenty nine
Speaker 10: thirty thirty four percent, So that can work the only
Speaker 10: way it can work is to work very hard, stack
Speaker 10: SAPs dollar cost average. I call it Narra coast average.
Speaker 10: As much as possible, just hustle and buy.
Speaker 3: I bet it prest.
Speaker 10: Developmental Noble or anybody that wants to contest in twenty
Speaker 10: twenty seven, if they don't campaign with BTC, my name
Speaker 10: is not a Duachev because most likely that we lose,
Speaker 10: because that is what the American convenser is doing now.
Speaker 3: And if we can see Donald Trump moving as a
Speaker 3: technology speed as it like its technology startup, I've never
Speaker 3: ever seen such presidency on Earth, even in the US,
Speaker 3: moving as seven is trying to put out a David
Speaker 3: most valuable the products.
Speaker 10: It was valuable products to peace for investors. Look at
Speaker 10: our own country, it takes it takes weeks and months
Speaker 10: and months to even deliberate on something that takes two
Speaker 10: seconds for and individual to solve. So overall, what I'm
Speaker 10: saying is nagery. Yeah, if you look at our budget
Speaker 10: from that is something trivia to fifty for trillion and
Speaker 10: then we have to service day with about a little
Speaker 10: the trillion and the about trivial. And you look at
Speaker 10: the NPR, you look at the place already you know
Speaker 10: that we have to going down the drain everything because
Speaker 10: for like you know, the only way you can escape
Speaker 10: this is to buy BC Champion.
Speaker 3: Everybody wanted to sleep.
Speaker 1: You gotcha? Yeah, go ahead, Yeah.
Speaker 12: I just want to make a count down before down.
Speaker 12: So we aren't prove pitch coin, but I'm gonna realist.
Speaker 12: I'm happy that call is exposing the financial system. He
Speaker 12: kindot understands how Nigeria works, so for the audience, just
Speaker 12: to put a balance and let people have the right
Speaker 12: perspective of how traditional finance looks like bitchcoin. While the
Speaker 12: America has taking the lead, he's still conservative in Europe
Speaker 12: and Africa. And the truth of the matter is that
Speaker 12: I don't see pitscoin being mainstream like we see the
Speaker 12: United States.
Speaker 5: Other this first term of present noble.
Speaker 12: At least the revision is not fa fage because like
Speaker 12: you're just fully integrated, which in the IMF World Bank,
Speaker 12: and we could see what the IMF was doing to
Speaker 12: the small even the fact that sometimes at some point
Speaker 12: to be a concessional.
Speaker 1: Diamonds Shore.
Speaker 2: You know what, let him, let him get balanced. I'm
Speaker 2: not coming anybody off. You know, letter speak is going
Speaker 2: to be an open space letting.
Speaker 12: The truth of the matter is that we need to
Speaker 12: look at things from our perspective and our capacity capability.
Speaker 3: Definitely.
Speaker 12: You know, we all agree that because as we are
Speaker 12: the most best performers. The fact about that many times.
Speaker 12: But the problem with pitscoin massiveness is that they think
Speaker 12: the world us all around bitcoins, and that's very untrue.
Speaker 3: So for example, this year, I gave my outlook and
Speaker 3: as I see.
Speaker 5: I'm must selling my bitcoin audience. But I'm not increasing
Speaker 5: by a pressure at.
Speaker 12: This because I see the fact that bitcoir has a positive.
Speaker 5: Conditionion with research on fears and that has come to play.
Speaker 12: So if you have bought early world, that's good. If
Speaker 12: you curse really buying it depends on your holding power.
Speaker 3: Your capacity.
Speaker 12: The Abay danger is not the American were disposable come
Speaker 12: is high. The Abay nager is the whole parting to
Speaker 12: spare about.
Speaker 3: Sixty to sixty five percent of food. You're not expecting
Speaker 3: that person to say if you buy on that on
Speaker 3: that bitcoin. That's a joke, you know.
Speaker 12: So my closing mark is that, yeah, build weather skills.
Speaker 12: You can to have the financial capacity to be exposed
Speaker 12: to this asset. But not being exposed to bitcoin is
Speaker 12: not the end of the world, my brother, It's not.
Speaker 12: Doesn't make you a loser. I think what really makes
Speaker 12: the most different here is the fact that you have
Speaker 12: the capacity to generate that.
Speaker 3: So thank you.
Speaker 2: Okay, perfect again, Just again, guys, I'm not putting your
Speaker 2: pin in here. If you just allowed they want to speak.
Speaker 2: Folks are listening in or tuning in because they want
Speaker 2: to understand and learn. And if you're an adult, you
Speaker 2: know you hear everything. You can sive out what you
Speaker 2: want to see about. But the important thing is to
Speaker 2: get the information. When you get the information, then you
Speaker 2: can then basically do what you want to do. But
Speaker 2: we want to know what's going on and how can
Speaker 2: we be a part of it or not be a
Speaker 2: part of it. Let's get afroable afterable. You've heard us speak.
Speaker 2: You've heard the pro positive side. You've also heard the
Speaker 2: traditional guys as who speak. I want to get some
Speaker 2: what's your take on this? You know it's just you
Speaker 2: as is bullish nine years, not just a bullish what's
Speaker 2: you take?
Speaker 1: I can't believe.
Speaker 18: I think those to go back to the initial Personally,
Speaker 18: I'm long bitcoin.
Speaker 3: I'm prot bitcoin. I hope I did have my portfolios
Speaker 3: in bitcoin. I used to have.
Speaker 18: Other off coins the theory of Cordano, But I've kind
Speaker 18: of taken up a position and that with the reserve,
Speaker 18: and I think a little there as I've touched this
Speaker 18: quite well, and I every want to post a question,
Speaker 18: but the US Reserve that kind of gives a very
Speaker 18: institutional position to bitcoin, and most people, if you're not exposed,
Speaker 18: it's still a very good time to buy into bitcoin.
Speaker 3: I think there's very few hours classes.
Speaker 18: In the next five years that I'm going to match
Speaker 18: the performance of bitcoin. Even looking at the fundamentals today,
Speaker 18: there's still some politiciality.
Speaker 3: So when it comes as a store of value.
Speaker 18: I'm quite quite positive and I'm quite optimistic about that.
Speaker 3: But as a reserve, it's it's very I think right.
Speaker 18: Now, anyone that's anyone that's speaks quite confident about what
Speaker 18: is really going to play out as far as the reserve,
Speaker 18: I think as far as.
Speaker 3: Globally, it's still quite early.
Speaker 18: I say this, and this is part of the question
Speaker 18: because how I see it is as from bitcoin, people
Speaker 18: still purchase bitcoin with the dollar in the short term.
Speaker 18: In the short term, the reserve itself strengthens a dollar.
Speaker 3: And I say this because dollar is still.
Speaker 18: A major medium of exchange for trade, major trades in
Speaker 18: oil market, swift and all that. So evenly, looking at
Speaker 18: the short term, dollar.
Speaker 5: Isn't going to disappear anytime, so it's.
Speaker 18: Still inflationary, and over time it loses these to the
Speaker 18: inflationary pressure of the dollar.
Speaker 3: But I still see the fact that B two C
Speaker 3: spec to dollar most of it. And if we agree
Speaker 3: that bitcoin is not going.
Speaker 13: To be a predominant means of exchange, most people are
Speaker 13: going to purchase bitcoin with dollar now and maybe elliminate
Speaker 13: if any of the speakers can maybe.
Speaker 3: Touching this, So I think I think touching that after well,
Speaker 3: thank you very much, careful with your other odd coin bags.
Speaker 1: I know you know what you're doing, and.
Speaker 3: It's good that you're a big coin.
Speaker 10: Firstly, any country that buys bitcoin or that can praise
Speaker 10: the money of that country, and by baitcoin now is
Speaker 10: just from running and they will want there will be
Speaker 10: one of the richest countries in the world.
Speaker 3: America is smart. They don't want that.
Speaker 10: US don't have to go down the drain, so obviously don't.
Speaker 10: Trump already said it's not going to be a CBDC right,
Speaker 10: so us DC, us DC will most likely trojan US
Speaker 10: to keep a US dollar out there because everybody's those
Speaker 10: paper coin guys are purchasing.
Speaker 3: The US treasuries. What treasuries.
Speaker 10: What I think we should do in Nigeria is to
Speaker 10: support conversities CNNG shart to set out.
Speaker 3: To d G and what he's doing with with CNGN.
Speaker 10: The moment cn GN is interropeable with as many blood
Speaker 10: chains as possible, that's when you start to see the
Speaker 10: magic people with five bitcoin correctly with the Narra and
Speaker 10: like you said, this is the best time to get
Speaker 10: into it, not on fill all that national whips about Europe.
Speaker 10: Guys to talk about what Europe is doing. By the way,
Speaker 10: excuse my French people that cannot even prove the good
Speaker 10: in your conface.
Speaker 3: You already know that the.
Speaker 10: Band of England already messed up with the gold and
Speaker 10: the US definitely know that Fort Knocks will embarrass them.
Speaker 10: That's why they quickly you know, position themselves with the
Speaker 10: big cooin strategic reserve, not crypto strategic reserve. It to
Speaker 10: take today as we speak, any country that buys this
Speaker 10: coin and keeps it as a reserve.
Speaker 3: One thing they can this.
Speaker 10: Little is to position themselves to have something greater than
Speaker 10: the dollars, so they can negotiate with anybody worldwide lonely
Speaker 10: to sell it.
Speaker 3: You can actually borrow it against it. That's one. Two.
Speaker 3: Big coin gets its value from its network.
Speaker 10: In other words, Bitcoin gets is next worth from its network,
Speaker 10: beyond keeping Bitcoin as a strategic reserve, beyond keeping Bitcoin
Speaker 10: as an asset plus that you hold asset plus that
Speaker 10: you holding forever. And I say, if you don't send
Speaker 10: bitcoin across bitcoin on shame, then you don't know the
Speaker 10: value of bitcoin. Discoin will never get any value. It's
Speaker 10: not because I can sailla it's value. It's not because
Speaker 10: presidents do not. RUMP has announced rategic bit point at
Speaker 10: bitcoin we go up. That's what people are missing.
Speaker 15: Hey, i'm talking.
Speaker 3: I'm talking to mister Carl. Don't disturb me. Maybe so
Speaker 3: that's my I'm sorry, I can so what this bitcoin is.
Speaker 10: Value is the let's work, the fact that you can
Speaker 10: send this coin wherever I am now, Carlo, if you're Innergetina.
Speaker 10: If I am in whose based ki stand? I can
Speaker 10: send you a billion dollar, just like anybody can send
Speaker 10: you one dollar. That's is the value of bitcoin.
Speaker 3: Who cares?
Speaker 10: If you hold twenty billion dollars one hundred billion dollars
Speaker 10: of bitcoin, I cannot send it to anybody. The thing is,
Speaker 10: you cannot send some me, you cannot send some of me.
Speaker 10: You cannot stop me from sending money to somebody.
Speaker 1: That's the value. Let me answer your question.
Speaker 3: Go ahead, Yeah, yeah, there's just certain things. I think
Speaker 3: that's a quick tangent. So just for your your yours.
Speaker 13: If if you're just been exposed to cryptore recently, a bitcoin,
Speaker 13: all the coins you eventually most people are going to
Speaker 13: run into both coins and maybe considered.
Speaker 19: Trading, and because you might see returns, you might see
Speaker 19: the scales.
Speaker 13: But I would advise generally to stay away from old coins.
Speaker 3: However confident you are. Most people lose money and old coins.
Speaker 3: And I've seen very very smart people who trade for
Speaker 3: a living, who trade professionally.
Speaker 13: They've made a lot of money and off coins and
Speaker 13: they've continued to but they've also lost the w Some
Speaker 13: of them have been lucky to come back, but a
Speaker 13: good portion can come back with those lotses. So if
Speaker 13: you're casual, if you're a YouTube crypto anywhere, casual holder,
Speaker 13: generally speaking, stick to the Bitcoin, the main coin.
Speaker 19: Maybe all kinds of theory of maybe, but I would
Speaker 19: have personally advise if you're not really experienced in trading,
Speaker 19: if you're if you're not really experienced in trading all
Speaker 19: the asset classes, no matter how technical, how much technology,
Speaker 19: believe you have all coins and might not be the
Speaker 19: best part for you. Going back to the second reply
Speaker 19: to Summer, our initial discussion, my question is coming from.
Speaker 3: This is another point of view.
Speaker 13: Bitcoin is the centralist, which is both its benefit from
Speaker 13: my perspective, as the drawback.
Speaker 3: So that's it being decentralized.
Speaker 13: Is the confidence I have in it start value and
Speaker 13: it's not really going anywhere.
Speaker 3: That's my confidence there.
Speaker 13: But being as a reserve, it's it opens up other questions,
Speaker 13: especially geopoliticals, because you then have your you're asking countries
Speaker 13: to take this pypture as a reserve, but it being decentralized,
Speaker 13: meaning you still have the bad actors who bypass on
Speaker 13: the chain go bypass.
Speaker 3: Sanctions, who trade, you know, who trade illegally.
Speaker 13: Legally, who buy you know, drugs black market? And this
Speaker 13: is again it being the centralised why we like it,
Speaker 13: but it also has these problems.
Speaker 3: That's why while the.
Speaker 13: US is pushing it as a literal but he ustill
Speaker 13: very skeptical. You have other countries that lot of African
Speaker 13: countries also skeptical as well of adopting bitcoin. Uh well
Speaker 13: uh uh in regarding to laws and regulation adopting it
Speaker 13: fully and even with Nigeria, I just maybe you guys know,
Speaker 13: but laws with crypto right down Nigeria and not clear.
Speaker 1: Yeah, it's that's really truly.
Speaker 3: It's legal, but it's.
Speaker 13: Not a lot of and I say this from my
Speaker 13: professional the financial services are my daytime. Then a lot
Speaker 13: of crypto companies are looking to come to Nigeria platforms, exchanges,
Speaker 13: but the laws aren't clear.
Speaker 3: You know, SEX has one thing, CBN said one thing,
Speaker 3: but there is no uniformity in the banks a different things.
Speaker 3: You know. That's there is. There is a strategy.
Speaker 10: There is a strategic guideline and framework put together by
Speaker 10: the SEC, and.
Speaker 3: That's industry wide. The SEC actually consulted practically everybody.
Speaker 10: That's to speak by the National Assembly, is in front
Speaker 10: of the president and with the hope that the president
Speaker 10: is going to sign his into law.
Speaker 1: Okay, okay, right.
Speaker 13: Now, currently, right now, there is still a lot of
Speaker 13: uncertainty I speak from you know, I speak in regards
Speaker 13: to platforms and businesses.
Speaker 3: Trying to come in. They still of uncertainty of where
Speaker 3: Andrea stands on the on the on crypto.
Speaker 2: So what's the name of the what's the name of
Speaker 2: the bill? They wanted the House of Past and it's
Speaker 2: a frog president which is it wasn't name?
Speaker 3: Do you have a name? So I'm going to have
Speaker 3: to ask the.
Speaker 10: But as at the time I was in office a
Speaker 10: couple of weeks ago, I know very well because I
Speaker 10: spoke on Channel's people Laddie. I want to frame out
Speaker 10: of the frame the framework and the guy who I
Speaker 10: came out and the frame about the guy I just
Speaker 10: part of the bodies of what that the past? The
Speaker 10: three with you and you know it's in front of
Speaker 10: the president that I think that the SECDG is getting
Speaker 10: feedback from multiple people in the average program and the
Speaker 10: R program arise where literary incumbition incubation arab is as
Speaker 10: elebrated abilty incubation where by everybody who have to pay
Speaker 10: some amount of money, the then check your technology to
Speaker 10: check what you have and they give you a go.
Speaker 10: Just like those were the programs the RI where the
Speaker 10: programs at Bucha and and and and uh bush of
Speaker 10: them Lau and quid acts with them, Bushi you know.
Speaker 3: Passed the So as we speak, what is basically happening
Speaker 3: is it is in front of the presidency.
Speaker 10: But there's there are a lot of love being from governors,
Speaker 10: from senators, from minutes that everybody wants to get their
Speaker 10: license now because they don't see what's going on.
Speaker 3: But from things have to change. For example, the ten
Speaker 3: percent of the game is trash.
Speaker 10: Why would I pay you ten percent of my undred
Speaker 10: thousand dollars of my one million dollars.
Speaker 3: That's nonsense that should be worked upon, but nobody believe.
Speaker 3: You know, challenge that.
Speaker 10: When we were making nice about it, I had a
Speaker 10: television show the first ever in the history of Africa
Speaker 10: for one hour of got one year, not.
Speaker 3: Sponsored, paid for, fully paid for to the partneriate with
Speaker 3: per cent. Shout out to my friend that most perpenter
Speaker 3: on DSDD the first ever time in bitcntrol will be
Speaker 3: on DSD because one year we're announcing to not let
Speaker 3: this law be passed. Ten percent.
Speaker 10: Come, if you buy bitcoin and you dispose, you will
Speaker 10: pay ten percent of the Nigerian government.
Speaker 3: It's terrible. It's terrible.
Speaker 10: So what I'm saying is, unfortunately the law is already
Speaker 10: on the table of the president. Now we are hoping
Speaker 10: the president maybe sign or maybe it doesn't sign because
Speaker 10: we don't have full details of what is in there.
Speaker 3: But the love needs to be adjusted. For example, Nigel,
Speaker 3: we are just.
Speaker 10: To obviously, like what Apple Goal said, you know, putter
Speaker 10: to a bitcoin and see it as what is supposed
Speaker 10: to be. It's a finance asset. Is now a reserve
Speaker 10: asset of the United States of America. We don't even
Speaker 10: know the amount of gold that we have. Good is
Speaker 10: not finite, of course it's scarce, but we all know
Speaker 10: what good has been doing for the past ten years.
Speaker 10: They compareable to what bitcoin is doing. And then why
Speaker 10: can we even counter our gold? Come not even see
Speaker 10: the amount of good that is there already in God
Speaker 10: is telling you we don't know what the good is.
Speaker 16: So the entire whether they like it.
Speaker 3: Or not, yea they are.
Speaker 10: A subtler type of financial experim of Twitter day. So
Speaker 10: if it likes CDDC over there, who's going to use
Speaker 10: ther CBDC The dealer had died. That's why cn change
Speaker 10: is now moving forward because it's going to be most
Speaker 10: likely interweble with as many exchanges as possible. But remember
Speaker 10: the c eng NDC wrapped CBDs. But the only thing
Speaker 10: that will make it scale and to be able to
Speaker 10: function like USDC or USDC is if they allow me
Speaker 10: to open back down.
Speaker 16: But as I hear, it's.
Speaker 3: Only one of the two licensed exchanges. There's a lot
Speaker 3: lots of information that we have access to.
Speaker 10: But we hope like yours are listening and they're learning.
Speaker 10: I don't want to appeal with you, mister Calu.
Speaker 3: Please, your your space is the space as as educated
Speaker 3: the most ingeriors. I can stay statistically because then when.
Speaker 10: I don't come in, I ask people about you. I
Speaker 10: hear about you in Bucuy places, in middle class restaurants.
Speaker 10: People know you that you don't people know that they
Speaker 10: know you.
Speaker 3: Your worst fire around two more bitcoin BA pieces so
Speaker 3: that posterity will judge, so that the future we say yes.
Speaker 3: KLUM was a part of the people that directed Nigeria
Speaker 3: and Nigeria government and Nigeria people to the right, because
Speaker 3: it's you go pain all of us if the wrong
Speaker 3: people advice, for example, if you wrong people advising, and
Speaker 3: then it allows our dodge coin to be anything that
Speaker 3: I very bad.
Speaker 1: Actually, actly are you have you made?
Speaker 3: Are you?
Speaker 1: Are you okay?
Speaker 3: Yeah? No, that's the tie. So I think, yeah, I'm
Speaker 3: fine with that response.
Speaker 5: I think that as far as regarding Ninjil actually.
Speaker 3: St that up. But as as a star value, I'm
Speaker 3: quite positive with bed coin.
Speaker 13: If you're not involved with bitcoin here, it's it's worth
Speaker 13: exposing yourself a percentage of reportfolio to because if you
Speaker 13: can have you can go as far as safe and
Speaker 13: if you want to have a majority the patrol of bitcoin,
Speaker 13: it might be a good decision looking at five year horizon,
Speaker 13: But as a reserve, I'm consciously optimistic and you see
Speaker 13: the benefits or there you polical elements that play out,
Speaker 13: whether countries do fall in love or whether it goes
Speaker 13: as planned, but definitely because isn't going anywhere. But as
Speaker 13: a result, I'll watch and see how it plays our time.
Speaker 2: All right, thank you, I hope you just a few questions.
Speaker 2: I had heard about the I don't the what's it
Speaker 2: called stable CONC is Nigeria stable coin? That's something seconds doing.
Speaker 2: I will talk about that, Okay.
Speaker 3: N is for naira.
Speaker 1: Okay, So complex that is?
Speaker 3: That is?
Speaker 1: That is private sector, right.
Speaker 3: Absolutely private sector.
Speaker 10: But you know they kind of trusted guys because they
Speaker 10: are the ones in charge of A ANDD FORESTIC. So
Speaker 10: they've been teaching banks compliance, YadA, YadA, YadA, and they've
Speaker 10: been on it for more than four years. It's a
Speaker 10: tough road for him. And it's opposed to the one
Speaker 10: to one. We don't know what the fact is.
Speaker 1: What is one to one?
Speaker 3: What is what? What is it? What is it?
Speaker 1: What is the what was on the one side? What's
Speaker 1: the one on the one side is called dollar on ira?
Speaker 3: It's is Nyra?
Speaker 2: Actually, what's the other one? You say what you said
Speaker 2: one to one? What are the ones? That's ny what's
Speaker 2: the other one?
Speaker 10: It's Nyra to It's basically now one Narra to one
Speaker 10: c n GN you know what I mean? Yeah, So
Speaker 10: what's the U S d T business model? The U
Speaker 10: S T business model is obviously they buy us treasury.
Speaker 10: It's right to give them your own currency or your
Speaker 10: own dollar, and it gives you a synthetic dollar that.
Speaker 3: You can move around.
Speaker 10: You cannot move the US dollar around like the way
Speaker 10: you can move the U s DT around, for example,
Speaker 10: when the banks are closed. When US is closed, it
Speaker 10: will basically have to move to the strip swift's.
Speaker 3: Like the gremail of the financial landscape.
Speaker 10: Right, So what c n G would do is it
Speaker 10: will make Nira move like U s DT can move.
Speaker 10: You may not basically need U s d T again
Speaker 10: if like you have got package this thing, well, it
Speaker 10: is basically putting Narra everywhere. Nara will now be able
Speaker 10: to fly everywhere with c n G N like US,
Speaker 10: they cannot fly everywhere. You can go to Russia, they
Speaker 10: can go to Iran. Nobody can basically say so. Of
Speaker 10: course there will be that complaint.
Speaker 3: But.
Speaker 1: So so, but so this this and in Ira?
Speaker 3: What is the.
Speaker 1: What is the this c N the the the the
Speaker 1: stable Myra and the in Ira? What is the differentiation?
Speaker 3: Oh okay, thank you very much.
Speaker 10: You remember the inn Aire was approved and launched by
Speaker 10: the ex President and x and now Housted and of
Speaker 10: course behind bars from a central bank of respectively. It
Speaker 10: was a central bank digital currency in there itself built
Speaker 10: by a Caribbean company called the Its. They messed up
Speaker 10: because they did the same prelioculacy they always do. Added
Speaker 10: to out Interstella. Interstella is a company owned by a
Speaker 10: Cameroonian Canadian and in Nigeria and Canadia.
Speaker 3: And those are the guys really building around paths. If
Speaker 3: you heard about paths, they're really working with.
Speaker 10: Uh, that's the Pan African Emplements Settlements YadA, yah YadA,
Speaker 10: basically trying to take out MasterCard visa and make sure
Speaker 10: we're able to transact amongst ourselves in the GA aftera,
Speaker 10: et cetera, et cetera. If there underlying technology, because are
Speaker 10: the guys working on it.
Speaker 3: So the in air was a central ban.
Speaker 11: Digital courrencies is.
Speaker 3: Narrat, but the narrats is now on in distributed legia. Technology.
Speaker 3: Issue was supposed to be able to move around, but you.
Speaker 10: Know, because it is sovilars too because it's still the
Speaker 10: same inflationary era because it is not stable, because it
Speaker 10: is it was poorly designed and that's why it didn't
Speaker 10: go anywhere.
Speaker 3: Right.
Speaker 10: That's when now the NAC they see en GN it's
Speaker 10: a stable currency that is not a central band to
Speaker 10: digital currency, privately owned, not government owned, like the era.
Speaker 10: It is a wrapped fashion of the een eras, almost
Speaker 10: built on the same blood chain. But I stand to
Speaker 10: be corrected. It's supposed to be on the distributed legio technology,
Speaker 10: but I don't know on what part collec chain. But
Speaker 10: I've seen their kit up and I can see that
Speaker 10: they built for multiple chains, right, So I don't stand
Speaker 10: listing that.
Speaker 1: Let's leave that for now. I was just curious.
Speaker 2: Let's leave that for now. I'll just cure it. I
Speaker 2: think I know them, might talk to them. I just
Speaker 2: want to understand more from your perspective. Let me get
Speaker 2: to Galamn and then moray, you know, and then sort
Speaker 2: of get more questions in.
Speaker 1: But I do have a question for you.
Speaker 2: Someone is asking online that if I buy bitcoin, I
Speaker 2: don't own my own wallet because I do not have
Speaker 2: enough to buy my own not to own a wallet.
Speaker 1: Who owns that bitcoin?
Speaker 3: Do I own it?
Speaker 1: Or is it own? If that's what's asking.
Speaker 2: If I don't buy the bitcoin and starting the wallet,
Speaker 2: can I still say I own it? That's really question
Speaker 2: you guys asking?
Speaker 10: All Okay, thanks very much. I like this, so you
Speaker 10: shar lost your keys lost your coin. If you don't
Speaker 10: want the private key to the bitcoin, you don't want it.
Speaker 10: For example, your biscoined on coin based find us and
Speaker 10: not your big coin who So you basically just have
Speaker 10: the the public keys that you can use to move it.
Speaker 10: Right now, big coin, this you don't exist anywhere, right
Speaker 10: you just have the key sign that.
Speaker 3: It's more like you just have the key that you
Speaker 3: can used to open the door. You don't own the house.
Speaker 3: Nobody basically just own that bitcoin.
Speaker 10: You're also the key to the to be to be
Speaker 10: amount that you invested your your nyrap or your dollar
Speaker 10: or your currency for So, if you buy bitcoin and
Speaker 10: it is not on your own private wallets, basically you
Speaker 10: do not download the bitcoin blockchain and you're not running
Speaker 10: a bitcoin note, everybody go and check what a briitcoin
Speaker 10: note that everybody gonna check what the bitcoin note is.
Speaker 3: If you're not running a bridge coin mode, then you're
Speaker 3: in trouble.
Speaker 2: The bridge condes I can't afford it, so he knows
Speaker 2: that what he said, he cannot afford the wallet.
Speaker 1: So it doesn't mean you should not buy till you
Speaker 1: get money for the water.
Speaker 10: That's that's the scam thing that is going on in
Speaker 10: that you're now due to lack of education. And that's
Speaker 10: what I'm telling you. You have the biggest person. I
Speaker 10: take bitcoin every day. That's my mantra on Africa. Bitcoin
Speaker 10: spaces Monday to Friday ninety the name anybody that cares
Speaker 10: follow before the susu. But listen, there is nothing like
Speaker 10: buying the wats wallet is free or of what's the equally,
Speaker 10: you can't set off coin based on your laptop. You
Speaker 10: can just download the big cooin blockchain less than one
Speaker 10: ter about just about seven or something cheek and once
Speaker 10: we download it, I feel syntax here around there, boom.
Speaker 10: You are now the blockchain. You will see everybody's transaction.
Speaker 10: You may not just know money transaction. You see a
Speaker 10: drum transaction, You see my cellar transaction.
Speaker 3: You just don't know that it's their transaction. You can connect.
Speaker 10: You cannot even use its consuls team because they most
Speaker 10: likely connect you.
Speaker 3: And it's no enforcement that's looking for you. You're in trouble.
Speaker 3: So anybody telling you talk about pip money for what
Speaker 3: it's calling you. It is happening in Nigeria.
Speaker 10: I told you see your divers I remember some time
Speaker 10: abou killitchy, and I told you my technology, what's up?
Speaker 10: Why do you expose the privacy of your users? Because
Speaker 10: I use your divers to convert this point to cash.
Speaker 10: And then I realized there's the same way that goes
Speaker 10: with INTI into almost everybody. And it was like, you
Speaker 10: know how much I paid for one lets?
Speaker 3: Yeah?
Speaker 10: Yeah, yeah, yeah yeah that we cannot be changing this.
Speaker 10: I said, oh my god, there's coming you it. You
Speaker 10: want to tell your people to do their research. No
Speaker 10: body sells were led to you, so and all those
Speaker 10: things are just because the information is not out there.
Speaker 10: Education is key. Go and do your research. Bitchcoin wallets
Speaker 10: have free. You just need to be able to download
Speaker 10: the pascolar apps that you trust, which I cannot endorse
Speaker 10: any for you right now, and then whatever you put
Speaker 10: inside of it. If you have the private keys on
Speaker 10: the mornings or twelve word or twenty four ward six
Speaker 10: phrase like they usually call it, then you are lucky.
Speaker 10: You keep that discoin for yourself for life. Bitcoin basically
Speaker 10: keeps the opportunity to be your own central bank, not
Speaker 10: your own bank.
Speaker 3: Not your own bank.
Speaker 10: Once you have bitcoin and you hold it in private
Speaker 10: key wallets or cold storage, it means that you are
Speaker 10: now your own coin.
Speaker 3: BIS.
Speaker 10: You don't need c Z or finance, you don't need
Speaker 10: strategy bitch point of the United States of America. But no,
Speaker 10: if it is on my company, but they have if
Speaker 10: it is on anybody's company BRA, so nobody you get
Speaker 10: that big.
Speaker 1: Yeah.
Speaker 2: So the question is I hear that, But the question is,
Speaker 2: so can I can't afford the wallet, but I can
Speaker 2: still buy I mean, I hear what you're saying. But
Speaker 2: when I buy stocks, if I buy stocks in America,
Speaker 2: it's the same thing. That's the central cost Today in
Speaker 2: night you are the same thing, and buy a stock
Speaker 2: central costing. Know, whatever says is not my stock is
Speaker 2: in central crossing. Why is it not the same thing.
Speaker 2: Why can't it be in central isn't isn't the wallets centers?
Speaker 3: It's possible. So that's basically you trusted the platform, right.
Speaker 3: I don't just want to endorse the department. I mean
Speaker 3: we're rebuilding our own platform also.
Speaker 10: But basically, of course, the centralized platforms and the platform
Speaker 10: that runs scrow p t P bit going to cash
Speaker 10: cash back to the bitcoin. You trust them if they
Speaker 10: have the AML controls, the anti terrorism financial controls and
Speaker 10: and like somebody said, he I forgot to the person that.
Speaker 3: Said the type of people that I invested in need
Speaker 3: or do. Don't trust the investors, but if they if
Speaker 3: they have the track record of that you can verify.
Speaker 10: We say something in bit for my community, do not
Speaker 10: trust very five. If you can verify them as these
Speaker 10: people are trustworthy, their liquidity is powerful, then you leave
Speaker 10: your bitcoin dame. You understand, But you start to buy
Speaker 10: the land or your house and you're leaving the keys
Speaker 10: for the documents of that house and that land with
Speaker 10: your moneyla that it was from or want it from,
Speaker 10: you trust them.
Speaker 12: I think I think we you to also understand why
Speaker 12: some people don't want to own bitcoin personally. So if
Speaker 12: you look at what black crop did, look at what
Speaker 12: black crop did, you don't really need to have the
Speaker 12: big money to get go to bitcoin. You know the
Speaker 12: contrac does that. It is so that's why you love
Speaker 12: Americans feel comfortable around it.
Speaker 3: And they feel safe.
Speaker 11: Yes, it's not.
Speaker 3: That mantra, but I think it's all about your objective.
Speaker 12: Do you really want to just track the assets or
Speaker 12: you're looking at it from and the point do you
Speaker 12: want to own personalized tipta. You want to have personal
Speaker 12: position of it, and you have the understanding.
Speaker 10: Of how the bitcoin works personally, because don't forget that
Speaker 10: these people have lost their over a year. There was
Speaker 10: a guy that was kidnapped the Sea of Lecture, you know,
Speaker 10: and he had to do the port was like he
Speaker 10: actual dropped from bit coin.
Speaker 20: So yeah, he has his own bisk So if he
Speaker 20: has understand about.
Speaker 3: Bitcoin, yeah you can. But if he wants to, he
Speaker 3: can go through it all the.
Speaker 11: Buying black rock.
Speaker 3: What you'll find.
Speaker 2: So so final question is that I can buy bitcoin
Speaker 2: without putting on the world and I'm okay, that's that's
Speaker 2: what I'm getting.
Speaker 1: Is it okay to do that?
Speaker 3: Okay, it's okay. I'll tell you the fact the bitcoin
Speaker 3: on black rock is here.
Speaker 10: But that level approved if he acted, there's that all
Speaker 10: of them bit white and not your bitcoin of it
Speaker 10: makes a lot of sense.
Speaker 3: Yeah, but he had the point.
Speaker 2: The boy is asking, I know, I have to have
Speaker 2: a wallet I cannot afford. Are you saying it must
Speaker 2: affording for he invests? That's really wor.
Speaker 3: Bib means that there is a cock at flash to okay,
Speaker 3: So question there.
Speaker 10: Is no cock at Okay, black Rock, Ice Sars Bitcoin
Speaker 10: Trust eat their responsive fee of several point two five annuality. However,
Speaker 10: there is also a propostion on our fee Struck Chuck,
Speaker 10: that you're placed into the twelve months after the ETF.
Speaker 10: So I mean black Rock will charge you what you
Speaker 10: can ordinarily don't get charged. And many people in the world,
Speaker 10: you know, don't want to go to the stress of
Speaker 10: such and development. They don't want to go to the
Speaker 10: stress of getting that education. But someone like you on
Speaker 10: your space unadoptrated on fintimes, education is what we should give,
Speaker 10: not the one that were robbing people's head.
Speaker 3: Of course black Rock is good, you.
Speaker 10: Know, I'm not saying they're bad. But go ahead, look
Speaker 10: at to see your black Rock how you became a bitcoiner.
Speaker 10: For more than ten years, this man has talked down
Speaker 10: on bitcoin. Loarr, I think has talk down on bitcoin
Speaker 10: and see bitcoin is trashed. But he realize that black
Speaker 10: Rock will fail if they don't have to buy bitcoin.
Speaker 3: So what is doing now is fine.
Speaker 10: As much bit one as possible, and they're selling pay
Speaker 10: packs with you.
Speaker 3: What you have on black Rock is staying. I hear,
Speaker 3: I hear you.
Speaker 1: Let's learn go ahead, Yeah, I think it's missing, but.
Speaker 3: I think it's fine.
Speaker 12: But there are different options plending on your oppification.
Speaker 3: We all know that they are.
Speaker 12: Advantisis advantage is what's the investors on the plant?
Speaker 10: Is that Ye Blackrock your doing to have exposure and
Speaker 10: bitcoin without physically and dealing with.
Speaker 12: The complexity of developing technology, simple as that, and that's
Speaker 12: why they've been able to get in more than five
Speaker 12: billion going as under as a monument.
Speaker 10: So I think the question should go back to this pussification.
Speaker 10: Somebody is saying that one has advantage that nobody's that.
Speaker 10: I think it all posed down to the PST because
Speaker 10: in America, definitely you can go through black Rock using.
Speaker 3: An Injuria, well, he has to go through during I
Speaker 3: think should go through that, and I get it. And
Speaker 3: if he has that, he can he can relearn to
Speaker 3: you personal with as simple. I don't think it's that complicated.
Speaker 1: Because okay, perfect, let's get to hoping.
Speaker 2: So got Gala Man, that we've got Moriah, then we'll
Speaker 2: take me the crypto just as that Gala Man or
Speaker 2: Louis show, and.
Speaker 1: Then the crypto you gotta flop.
Speaker 2: Go ahead, man, Okay, it's not Let's take a Louis
Speaker 2: on the Louis shall Hi researching right now about the
Speaker 2: future of money.
Speaker 1: Very interesting. Can you speak.
Speaker 2: Show on going once, going twice. Let's take the Crypto Preacher.
Speaker 2: The Crypto Preacher, your handle is up, go ahead.
Speaker 3: Thank you very much Calu for your opportunity. Shout out
Speaker 3: to him one and uh.
Speaker 21: In the house, Odia, the show parts and a couple
Speaker 21: of other guys. Sorry if I don't mention your name,
Speaker 21: I want to ask the question. I also want to
Speaker 21: know coming I think talking about the gality of about crypto,
Speaker 21: A couple of things have been said. I we don't
Speaker 21: think cryptos legalera. This is why I said so, because
Speaker 21: the industry nager has the really hostile plasure of the
Speaker 21: fact that professional license have.
Speaker 3: Been getting to to assists platform.
Speaker 21: Why I still don't see the need why these estage
Speaker 21: platforms You can't type them on, You can't type of
Speaker 21: your address and actually assess them and doing transactions with them.
Speaker 3: You can try that.
Speaker 5: Do you think that I'm not being sincere with some
Speaker 5: of these information?
Speaker 21: No, no essage platform in Nigeria does transaction.
Speaker 3: Seamlessly.
Speaker 21: All of these, all of the addresses, all of them,
Speaker 21: they have been blocked by agents of government. So we
Speaker 21: cannot have SEC say something CBS some of that in
Speaker 21: the SEC black man cryptocurrency as a means for.
Speaker 3: Criminals to do transaction.
Speaker 21: It's more like saying that someone buys in land and
Speaker 21: yeah from profer the proceeds of front and they blame
Speaker 21: their heir.
Speaker 3: For it, you know, so that there's something else. I
Speaker 3: really also want to.
Speaker 21: Say, uh as Fords if if we're saying that all
Speaker 21: this well in crypto in Nigeria, how come a lot
Speaker 21: of platforms actually right now I'm blocking nigeriams from assessing
Speaker 21: their platforms. I would truly this is open to a
Speaker 21: lot of to those off on stage, because if you
Speaker 21: do back a commasion on an article that said that
Speaker 21: Nigerians have been blocked from air jobs and a couple
Speaker 21: of opportunities, even myself in a crisis, there's some opportunities
Speaker 21: to do business and job that all of the side
Speaker 21: that has to do with crypto has been blocked from nigerams.
Speaker 5: So is crypto really legal in Nigeria?
Speaker 3: Thank you?
Speaker 1: Okay, that's a good question.
Speaker 2: He's I mean, we're still on the last sanction where
Speaker 2: you yeah, yeah, we are very positive about this thing.
Speaker 2: But with all our suppartment after India is not right,
Speaker 2: and the whole world after India adoptions n ninet second adopted, right,
Speaker 2: So why they're still blocking us?
Speaker 10: Okay, So I want to tell you this, look that's
Speaker 10: on the surface, I understand what Crypto Picture is talking about.
Speaker 3: That's my guy right there.
Speaker 10: And Crypto Preachure is a social commentator and a cryptocurrency analyst.
Speaker 3: He's not invested in this space like I am. Right.
Speaker 10: I educate people, I teach people, I run the business,
Speaker 10: I move around with the regulators, I move around the
Speaker 10: capital market. So Crypto Preature lack some information that I
Speaker 10: have shout out to Crypto Creature and his broad knowledge
Speaker 10: of the space, one of the persons who have been
Speaker 10: advocating for the positive things to basically happen. You can
Speaker 10: find a catching my channels to do. And I'm telling
Speaker 10: you this, most of those signators and ministers, all of
Speaker 10: them are already gave inc If not, why would this
Speaker 10: Director General of the SEC right.
Speaker 3: This this isn't bits quite.
Speaker 22: If not, why would the General Director General or the
Speaker 22: attend a bitcoin conference in Nigeria.
Speaker 10: And spoke for text is something minutes you can just
Speaker 10: check my job. It's coin of on my profile and good.
Speaker 1: Yeah, but sure he's saying the fact.
Speaker 2: Yeah, but he's saying that if as an Nigeria you're
Speaker 2: not getting tap into the global market, go up being
Speaker 2: blocked out.
Speaker 3: So it's only paying us true.
Speaker 10: Yeah, For I understand what I'm doing here is to
Speaker 10: wake all Nigerias up and don't let all the YadA,
Speaker 10: yeah and YadA of our country, you know.
Speaker 3: Put you behind and make you miss this train. That
Speaker 3: is how we have lost the opportunity for sixteen years.
Speaker 11: So I know, I know what's interpretizing.
Speaker 3: It makes sense.
Speaker 10: But while we're doing the one start is already greater
Speaker 10: than naira. Okay, I can t'g you that the son
Speaker 10: of the president. I don't just want to fascinate some
Speaker 10: things here already have people paying this office lining up
Speaker 10: document and proposers so that if.
Speaker 3: They can tell the.
Speaker 10: SECDG to place you know faith say for them for licensing,
Speaker 10: and the CDG is somebody who doesn't want to corrupt
Speaker 10: is its office.
Speaker 11: So it basically it's trying.
Speaker 10: To say you only get this license from merit, but
Speaker 10: who are who they give license press? If it's not
Speaker 10: giving Peacekoin only companies licensed press, so it's going to
Speaker 10: be politicized. They know what they're doing. But if you
Speaker 10: look at it very well, how are they processing money?
Speaker 3: Let me tell you. Go to bitcoin dot com.
Speaker 10: And see how they're processing wass You can buy it's
Speaker 10: going with Narra, go to your look at you can
Speaker 10: buy it's going with Narra.
Speaker 3: Go to Strike.
Speaker 10: You can buy discoring with Erra. Most about the international accomplished.
Speaker 10: You can back this cover with NIRA. And you said,
Speaker 10: despite is not lega. It doesn't have to be lega.
Speaker 10: It is already in our Finance Act the government. We
Speaker 10: collect them decaid.
Speaker 3: If you dispose of your bitcoin, wake up, everybody. That's
Speaker 3: what I am saying.
Speaker 23: It is.
Speaker 11: He kind of different.
Speaker 3: Every outside the question.
Speaker 5: If you look at the context flash.
Speaker 12: As in the space when present campaign, I make so
Speaker 12: many promises about crypto integration and this didn't come to
Speaker 12: play because they now had a rapid devaluation and at
Speaker 12: some point they were looking for skapgood and unfortunately the
Speaker 12: crypto space was used as escapegoat and.
Speaker 3: You know what happened to binance and different things.
Speaker 12: The realities that like I said, caluside this space. I said,
Speaker 12: based on the information I have and what I've seeing
Speaker 12: this piece is very unlikely that we see the kind
Speaker 12: of progress we're seeing the worlds like just economy just
Speaker 12: coming to play and took pictures.
Speaker 5: I think the concerns because he also understands.
Speaker 12: That if you look at the securities the update on
Speaker 12: the rules for cryptos changes and classification of bitcoin.
Speaker 3: And the terum.
Speaker 12: First of all, they called bitcoin and the term securities,
Speaker 12: which at.
Speaker 5: That time I was soo.
Speaker 3: Pervooked because I was like, oh, are you going to
Speaker 3: who's bitscoing? Good to be identified bit? You know.
Speaker 12: I think after some other he had to update are
Speaker 12: the new rules, and if you look at it with
Speaker 12: the new rules, it's kind of quite very difficult, you know,
Speaker 12: and it's not really well be expected. However, I shine
Speaker 12: that and Contembra did a very comprehensive at to go today.
Speaker 12: I think maybe Cuture must have saying about why the
Speaker 12: crypto reforms and nindiam I don't work. And one of
Speaker 12: the key reasons is simple, you know, the space as
Speaker 12: the trust in the space as weakened. So yeah, it's
Speaker 12: good to see this optimism, but calu on paper or
Speaker 12: U reality, we're not having any the banks are not
Speaker 12: really concerned about this right now. As the said as Blower,
Speaker 12: you look at the cryptosting is that we're even given
Speaker 12: in temporary we've not seen much from them.
Speaker 3: So Calus, it's not as the way it is, OK,
Speaker 3: it's not the way it's give me one second, lit bit.
Speaker 10: Let me tell you. Maybe not understand what I'm saying.
Speaker 10: I'm not trying to chape your argument. I am opening
Speaker 10: the eyes of you and everybody listening. They are more
Speaker 10: than eight thousand crypto businesses that are transacting with the banks.
Speaker 3: That's what I'm telling you. It is. Don't believe what
Speaker 3: they say. Check what they are doing is startup can
Speaker 3: come up today and you will do bit going to
Speaker 3: cash cash back to bitcoin.
Speaker 10: Who is giving them APIs to connect? That's what I'm saying.
Speaker 10: I am heavily invested in this space. That's why I'm
Speaker 10: That's what I am telling you.
Speaker 3: Who is processing the transactions of the cryptocurrencies in our country?
Speaker 3: Is this the tailors or the mechanics or the people
Speaker 3: in Latipo markets are We're not talking about the banks.
Speaker 3: There is no crypto exchange.
Speaker 10: That can survive without the interrogability with financial structure. That
Speaker 10: correctly exists. That's what I'm telling you. Go and check
Speaker 10: your APIs. I don't have to be mentioned in their name,
Speaker 10: so it don't look ass it.
Speaker 3: I am going to blow it.
Speaker 10: All of them processing, all of them process bitcoin, they
Speaker 10: process transactions. Yes, when they do their banking matings, they
Speaker 10: act like they don't. I am allowed mounting this space
Speaker 10: spends past that money to be on.
Speaker 3: Just need to be advertising. That's going to be saying this.
Speaker 10: I know what it texts me to keep relationship with
Speaker 10: the direct general that's the group man, car do you
Speaker 10: need to bring the totomy.
Speaker 3: I can work with you to bring the totivity to
Speaker 3: your space.
Speaker 12: And I'm not spot to put us for the space
Speaker 12: and for people to understand that see on the open you.
Speaker 3: Know distance a lot as it is.
Speaker 12: I have fraids that uh they stay, have their accounts
Speaker 12: blow because of exposure in the crypto space. And for example,
Speaker 12: I think I think I'm well exposing. You have the
Speaker 12: better information of why things like that.
Speaker 5: So why if you look at cards language, look.
Speaker 3: At the NSC.
Speaker 12: There are three cases that they have to teach people
Speaker 12: script to so.
Speaker 3: It's not like it's smooth tale.
Speaker 12: The other is that if you want to do crypto,
Speaker 12: maybe you must have had like disciplin as said that.
Speaker 3: See, you must have got in related from the set.
Speaker 3: It's open.
Speaker 12: So if you're going to the back channel where that
Speaker 12: that that's not that's that's not for me to because
Speaker 12: it's already in black child the black channel. But the
Speaker 12: honest shoot is that if you do, but it's going blower.
Speaker 12: It's not like what we're seeing at the look and
Speaker 12: people have really left the space in love big stakeholders.
Speaker 12: I went to take for the last year I saw
Speaker 12: I saw at least eighteen ninigers in different countries.
Speaker 3: We're only blocking projects.
Speaker 12: And the first thing I was at the final coming
Speaker 12: back home and he said that this pay old friendly.
Speaker 5: So can you we can say all the patiful things
Speaker 5: about that the area that you know.
Speaker 3: That it's quite Look at the Peach to p market
Speaker 3: now call you. I have an exclusion. Look at the market.
Speaker 3: So it's it's still not as smooth as people are
Speaker 3: saying it is.
Speaker 2: But you know, like you see, so let me just
Speaker 2: okay here, so little I'm going to ask you guys,
Speaker 2: what assets.
Speaker 3: You what the ship? What did you do?
Speaker 1: Okay?
Speaker 2: Hell sure, so little I'm going to basically ask and
Speaker 2: see what assets you guys. I don't let the what
Speaker 2: recommend is usable here, but what assets you guys want
Speaker 2: to look at in case you want to invest. So
Speaker 2: for those listening that, I want to take away one
Speaker 2: or two asset. I know bitcoin is going to be there,
Speaker 2: but let's also ask you guys that. So once we
Speaker 2: do the question, I've got the crypto. No, I've got Tobetriku,
Speaker 2: Eric and Moriah. I think Maria was first. Let's do Moriah,
Speaker 2: Eric and Tobetuku and then Lezzie. So Mariah got the
Speaker 2: flow of please Mariah, Eric, Tobtriko, and Lezzie. Mariah go ahead,
Speaker 2: Moriah on the score, he's not there. Let's get mister Tobetriku.
Speaker 2: All right, I can see you speak about I can't hear.
Speaker 1: I can't hear you. I see your microsoft.
Speaker 16: Can Harry.
Speaker 1: Go ahead?
Speaker 16: Okay, just thank you very much.
Speaker 11: My name is more. Thank you for everyone's with me.
Speaker 11: It's okay today.
Speaker 16: So I've been listening to it, and there is a
Speaker 16: something that I wanted.
Speaker 11: To see concerning this whole thing, because I think like
Speaker 11: we really need to set the perspective rich So I.
Speaker 16: Think in twenty twenty five, this coin is the.
Speaker 11: Proper, proper asset class, which I think everyone should engage in.
Speaker 16: But at the same time, you know, also feels that
Speaker 16: we need to be conscious about this, you know, because
Speaker 16: over the past few years it has proven that it
Speaker 16: cannot be a hege. In fact, Goold has proven over
Speaker 16: time that because that it is the age that.
Speaker 11: Is good and the US being there and not Bitcoin.
Speaker 16: And again, if you're talking about this coin or cryptocurrency,
Speaker 16: I mean they are good asset class, but when.
Speaker 11: We want to invest in an asset that this policy
Speaker 11: has caused.
Speaker 3: What I mean is.
Speaker 16: Okay, today some say something and then the asset goes off,
Speaker 16: and then so might party that say something, and then
Speaker 16: the currency jobs.
Speaker 11: And again it has also proven.
Speaker 16: That after four years, you know, the American always elects
Speaker 16: a complete check into office. So in the next four years,
Speaker 16: if someone is very common bird, that will be anti bitcoin,
Speaker 16: anti crypto, and then the whole thing will just collass,
Speaker 16: so it will be directionless.
Speaker 11: Okay.
Speaker 16: So I think why it's good that we invest in
Speaker 16: this piece is also very very cautious for us to
Speaker 16: know what we're doing, because it.
Speaker 11: Is an unrelated spiece. There are so many characters there
Speaker 11: because in the crypto space, these.
Speaker 16: Are rude, own regulated people who say all kinds of things.
Speaker 11: Would you want more?
Speaker 1: What if I told you, I know what, I just.
Speaker 11: Want to random. I don't want to random by saying
Speaker 11: that this is ary.
Speaker 16: If you do not invest in bit coin or in
Speaker 16: any crypto asset class.
Speaker 11: That is not the end of the world for you.
Speaker 11: There are so many things to invest in. That's not
Speaker 11: the end of the world for you. That's not what
Speaker 11: I wanted to say.
Speaker 2: Yeah, So the point I'm trying to make when you
Speaker 2: said that was like, the currency markets are also not regulated,
Speaker 2: and that's like a six trillion a day markets also,
Speaker 2: So I hear you completely and I'm paying that was advocate.
Speaker 2: I'm not giving you facts. I'm just saying that was advocate.
Speaker 2: If the market is not regulated doesn't mean we can't
Speaker 2: play in it.
Speaker 3: Space, so like you don't start.
Speaker 12: I guess you know what makes the banks the currency
Speaker 12: market different from market is that banks that the market
Speaker 12: maker banks and kings the intunder market when transactions are
Speaker 12: ruled by hpie Morgan, who was fan grow Dutch Bank
Speaker 12: going through about a total production around the world.
Speaker 3: So we have some form of gentlemen agreements.
Speaker 12: You know, in the cuto market, for example, apart from
Speaker 12: big coins, you know, there are thousands of coins.
Speaker 24: In fact, at some point in the year, fifty thousand
Speaker 24: mine coins were produced.
Speaker 3: The Now if you look at what happened just before
Speaker 3: present from.
Speaker 12: For example, how he loved the giant loads investing on
Speaker 12: that too, King, if we had the regulated entity present from.
Speaker 10: Being deferent on how you w pushed that point? Now,
Speaker 10: you know, is he The thing is that that's would
Speaker 10: be talking about this investment because are on the losing it.
Speaker 12: They lot of people have put their adm save into
Speaker 12: these things and and you can always say that really
Speaker 12: because we have any power, we can overlook and no
Speaker 12: of them can move on.
Speaker 11: You know, I just look at the time, like.
Speaker 12: For example, I see a lot like you just crying
Speaker 12: and it's very painful because nobody you protect them. Americans
Speaker 12: are protected because they have a enforcement to jenousy.
Speaker 3: You see the number of cases.
Speaker 1: That you do scmes rock pools, but we don't see
Speaker 1: that in the So.
Speaker 12: Would I be turning you to put their antifire because
Speaker 12: you're getting amazing I would definitely just say no that
Speaker 12: is where I come in. I'm a realists. I look
Speaker 12: at things based on the conditions in the Already you
Speaker 12: are taking risks because it is not used.
Speaker 3: To the world. But I willnost say invest the protect
Speaker 3: where not of ten goes to their No, I will not,
Speaker 3: I'll not, I will not do that.
Speaker 10: So on what the banker and old said, very much
Speaker 10: like what you expect from bank people. In twenty seventeen,
Speaker 10: when I came back to Nigeria from New York City,
Speaker 10: I built the United Bank of Africa, the Aspora banking application.
Speaker 10: Then you'll b eight used to do cross border transactions
Speaker 10: with money Gram, Western Union and YA Transform. It was
Speaker 10: me who told them, Look, I've been to ub in
Speaker 10: New York City at the Rockefeller Building. What you have
Speaker 10: right there is the nostrils and pustuous arrangement. You don't
Speaker 10: even have a commercial banking thing. And it's trusted speed
Speaker 10: undocumented Nigerians, and they ask for especially in New York, London,
Speaker 10: in Paris, like you said, you have so do transactions.
Speaker 10: Once it's foul five o'clock, they can't do transaction except.
Speaker 3: To the NIT City Center.
Speaker 10: If you don't live in Manhattan, New York or the
Speaker 10: city center anywhere in America. You may not be able
Speaker 10: to send more than nine hundred dollars right, so, but
Speaker 10: I will operate it and pay for the bank. I've
Speaker 10: never been a banker, don't get me wrong, but I
Speaker 10: have paid technology for them. I realize what they rant
Speaker 10: is fractional reserve banking. So banks will always never want
Speaker 10: to tell you that there is something called hard money.
Speaker 10: There is something that is finite because they print paper
Speaker 10: money all the time. Look at the end two of
Speaker 10: the entire world. Look at the end two of Nigeria.
Speaker 10: The money print money, the more inflation destroy us. So
Speaker 10: any banker in this space telling you anything this data
Speaker 10: is one o'clock. Go and check the time they said
Speaker 10: we pm because they print money in the bank. If
Speaker 10: ban can write off any any guardian of debt, you
Speaker 10: cannot do that in bitcoin. And I'm not talking about
Speaker 10: multiple cryptlal currency. I'm not giving you financial advice. I
Speaker 10: am also in reality, we were all ship coiners. When
Speaker 10: I say shipcoined, I know even house coins, all this
Speaker 10: paper money, we were all believers in it. Nobody knew
Speaker 10: pitch coin before. If I need two thousand and night,
Speaker 10: I will not be in count to space.
Speaker 22: If interjecting the issues, you don't think.
Speaker 3: About risk and all of this. You're saying, no, hold on,
Speaker 3: hold on, galle Man, got my hold on. You're gonna talk.
Speaker 3: I am talking about. Listen to. What I'm saying is story, pups, facts.
Speaker 10: It's what I am telling you. Let me read out
Speaker 10: some datas to you. I speak with this that there's
Speaker 10: no story here. This is not your your job. I
Speaker 10: am telling you that do you performance over keey time frames?
Speaker 3: Right on bitcoin, they gave s m P five.
Speaker 10: Hundred gold US treasuries real estates, go and shake it.
Speaker 10: It's about twenty six percent for bitcoin in the last
Speaker 10: ten years and form.
Speaker 3: If I want to.
Speaker 22: Correct it, it's kindly two thousand and eight till nine.
Speaker 3: Ye SMB. You have to think of them with no Listen.
Speaker 25: Listen to what I'm saying shadow, hold on, Shogo, hold them,
Speaker 25: hold them so again, just to make sure folks.
Speaker 1: Folks are listening right.
Speaker 2: If you want to compare absolute then you got to
Speaker 2: compare absolute rights.
Speaker 1: I hear your numbers.
Speaker 2: Your numbers are correct, But he's saying you've got to
Speaker 2: also have a risk weighted return. I hear you caveat
Speaker 2: by saying four years that you must hold, but for
Speaker 2: four years before ten years?
Speaker 3: Yeah?
Speaker 2: Boy, if I hold, if I buy us stocksne yeah,
Speaker 2: I make six percent eight percent? Why should I have?
Speaker 1: So it is ten years?
Speaker 2: Then I should also look at the SMPI I hear you,
Speaker 2: but it's.
Speaker 1: Talk like I did that. Maybe in one particular year
Speaker 1: they did twenty five percent.
Speaker 2: So we have to do life for like, right, So
Speaker 2: if you do twenty five years, you also I looked
Speaker 2: at the SMP for twenty five years and then look
Speaker 2: say what the CGR of SMP. I'm sure bitcoin will
Speaker 2: beat it. But the point I'm making it is you
Speaker 2: got to do life for like. I don't think anybody
Speaker 2: is in anyone here. Bitcoin was twenty one thousand, six thousand,
Speaker 2: one dollar. Now it's eighty eight thousand dollars for one
Speaker 2: or eighty three thousand, so we all know there's been
Speaker 2: a profit return on it. I think the question is
Speaker 2: if I had bought my bit coin in this particular year,
Speaker 2: I would have lost money. If I had sold in
Speaker 2: a particular year, I would have lost money. But if
Speaker 2: I bought and held till today, I would make eighty
Speaker 2: three thousand percent. We get that and I think most
Speaker 2: people on this space are also saying, this is money
Speaker 2: I have. I've taken money for my consumption. I would
Speaker 2: like to invest it, and I want to see it return.
Speaker 2: That don't go ready for ten years? Literally read the
Speaker 2: point that I've got ready for ten years or four years.
Speaker 2: They want to say, Okay, this time I'm hearing bitcoin crypto.
Speaker 2: I don't even know about it proposing to making money.
Speaker 2: What can I should I invest in it?
Speaker 3: Okay?
Speaker 1: Where should I invest? What should I invest? We get it?
Speaker 2: See for the President of the United States to come
Speaker 2: out and hold the conference on bitcoin that has that's
Speaker 2: it best use case.
Speaker 1: It's done. There's no need to convince anybody again about bitcoin.
Speaker 1: It's done. The question is what, when?
Speaker 3: Where? How?
Speaker 1: I think that's what point?
Speaker 3: You know?
Speaker 1: Should they do it? How? Yeah, that's what I discussed it.
Speaker 3: I get it. I love it for anybody on your space.
Speaker 3: Your space is your truth. Say your space.
Speaker 10: Yes, you've made some mistakes and I love you. You're
Speaker 10: basically like elumosk. You based your mistakes and you correct yourself.
Speaker 10: You're not the type of person that can understand right.
Speaker 10: So I will tell you Bitcoin is not what you
Speaker 10: put money in and you think it's car loocal Love
Speaker 10: or it's spotty bits. No, I will not tell you
Speaker 10: to put money in bitcoin because you think that or
Speaker 10: you can lose that money. This is what we advise
Speaker 10: and it is not financial advices. We are listed talk
Speaker 10: any money you want to lose, you think you can
Speaker 10: risk and put it in all that cryptocurrences.
Speaker 3: Put it in any other thing, any money you don't
Speaker 3: want to lose capital and that d o anty and
Speaker 3: you think you want to invest like a real esplates
Speaker 3: that you we hope not the one that you will
Speaker 3: sell quickly. If you're looking at an asset class, bitcoin
Speaker 3: is the only thing that can do that for you successfully.
Speaker 10: You don't put betting money in BTC, so it is
Speaker 10: not the big thing of I want to buy this
Speaker 10: coin and make money for a meeting three months they
Speaker 10: go and do B two P transactions and if you
Speaker 10: want to be making money, they do as you ab
Speaker 10: trash and put some merging on it. I can edicate
Speaker 10: you in that area very well. And that's that's one
Speaker 10: of the ways we can make money quickly.
Speaker 3: Every day people are making millions.
Speaker 1: Of dollars month.
Speaker 11: But if you if you look it doesn't.
Speaker 1: Okay, let's let a gal Man speak for it doesn't.
Speaker 22: Still work that way because if it comes to invest
Speaker 22: in everybody has the risk appetite and everybody has.
Speaker 3: Have wear the eye in this life and that this word.
Speaker 22: You're not trying to understand what this guy say Aday
Speaker 22: is saying. Right, being an advocate is fine, but in
Speaker 22: the public space and finance, we put like the imagine
Speaker 22: of risk when we as present, there is no absolute
Speaker 22: answer and there's no way you're going to say put
Speaker 22: this into bitcoin, or if you invest in bitcoin, nothing's
Speaker 22: going to happen. No, you can put people's retirement money
Speaker 22: in bitcoin.
Speaker 3: Just like that.
Speaker 1: Yeah, I would not advise that.
Speaker 22: I would just think of it in the line of
Speaker 22: how many percent of your portfolios should you expose to bitcoin?
Speaker 22: That is a better way for address this instead of
Speaker 22: you saying bitcoin you lose money. No, people's You're going
Speaker 22: to see a lot of us here in the next
Speaker 22: eighteen years or twenties.
Speaker 3: We're going to Others are looking to retire, Others have.
Speaker 22: Their kids, school feed, different things they have to pay,
Speaker 22: and anything could happen.
Speaker 11: A bitcoin is just two thousand.
Speaker 3: And nine, after the two eight two and nine financial crisis.
Speaker 22: Then it became eighteen twenty and seventeen, and we saw
Speaker 22: how we dropped twenty and twenty. That's the same arguement
Speaker 22: we had twenty and twenty during this park in America
Speaker 22: where they are doing special apposition.
Speaker 3: In the company.
Speaker 1: Most of these parks, the ipeas.
Speaker 22: Are down right now right, so it can never be
Speaker 22: absolutely finance when we are explaining it, often in finance
Speaker 22: we look at it like, if you're in this period
Speaker 22: in your life, expose eight percent into this. If you're
Speaker 22: in this period in your life, exposed eight percent into this,
Speaker 22: eighty is also an important thing, right.
Speaker 3: And eighteen years old, it's trying to expose.
Speaker 22: Half of his portfolio into bitcoinduct fine, but I for
Speaker 22: five years old, who has an eighteen year old going
Speaker 22: to the university? Are you expecting to expose himself into
Speaker 22: between you? It just doesn't work like that too. There
Speaker 22: is that we all understand that bitcome. I bought a
Speaker 22: bit cann fresh million thousand and seventeen a week after
Speaker 22: I entered legals. I've had good explodure to it. I've
Speaker 22: burnt my hand before and I and I'm getting a
Speaker 22: lot out of it too.
Speaker 16: But the idea that in.
Speaker 22: Finance put half of your own money in this I
Speaker 22: think if if half of all you have right now
Speaker 22: is in bitcom bro, I'm sorry, you might be.
Speaker 10: Hot in the next years to come. Honestly, I'm in
Speaker 10: Gala man. I have one hundred percent in b C
Speaker 10: and let me tell you to take that back. I
Speaker 10: never said anybody should put half. This is what I'm
Speaker 10: saying cleanly. Any where you are in your life as poor,
Speaker 10: middle class or h and I right, ask yourself.
Speaker 3: I mentioned one thing. As soon as can give you
Speaker 3: opportunity to speak. I talk about this year hour of Nigeria,
Speaker 3: the freaking ice in the fucking world. I spoke about NPR.
Speaker 3: I spoke about the rebased inflection. Right. So I'm telling
Speaker 3: you that all of us know the price of gary,
Speaker 3: bread and water. All of us here.
Speaker 10: Inflation only batter all of us. All of us know
Speaker 10: that in this country banks practice a bank run and
Speaker 10: nobody has gone to jail. It's only may feel that
Speaker 10: it's being held for it. So if you want to
Speaker 10: turn your narror into an automated money that will increase
Speaker 10: over a long period of time.
Speaker 3: That's what I am telling you that your risk.
Speaker 10: Appetise is now based on the education that you find
Speaker 10: and you have discovered, and you have now.
Speaker 3: Learned based on your research.
Speaker 15: Is one, I say?
Speaker 3: One stat is more that? Wait, do you know how
Speaker 3: to calculate its coin? You know? Bitcoin is lost paper money?
Speaker 3: But that's.
Speaker 1: If I know olimined olimeded. What do I show? Do
Speaker 1: I show just if I may, I do appologize?
Speaker 2: I show if I if you have a dollar, and
Speaker 2: you have only that one dollar, then the price by
Speaker 2: nominal value if other assets fall, will rise nominally. It
Speaker 2: doesn't mean it's as it hasn't gotten any earnings. There's
Speaker 2: no earnings with bitcoin. Bit country turn is because the
Speaker 2: dollar is falling, gold is stable, bonds are falling.
Speaker 1: You see the point I'm making. So if I take a.
Speaker 2: Bit, if I buy a share of war On Buffett Company,
Speaker 2: I put it in my pocket. As that shares in
Speaker 2: my pocket, war On Buffett is working for me. He's
Speaker 2: making a return, a dividend to me. So my dividend
Speaker 2: in my pocket. The appreciation is in my principal. Plus
Speaker 2: I get a dividend the bitcoin. There is no appreciation
Speaker 2: in my pocket, but the dollar in my other pocket
Speaker 2: is losing value. So the bitcoin in my pocket, the
Speaker 2: value that that return you see is the inverse of
Speaker 2: the dollar falling. So when you say, for instance, that
Speaker 2: they don't the bitcoin has made more, it hasn't made more.
Speaker 2: Dollar has fallen, so that return is the inverse. So
Speaker 2: it just make the point for listening.
Speaker 1: There's no return on bitcoin percon Let's just take it.
Speaker 3: Remember what I said. Remember what I said.
Speaker 10: I'm a bitcoin educator, right and I changed it on
Speaker 10: the capital market, guys, I keep saying is that bit
Speaker 10: money is not pay per money, and it is finite money.
Speaker 10: We are all talking like this because we have never
Speaker 10: all of us included Trump, included, exact, included lady the
Speaker 10: Special adviser to President Trump. The twitter I posted there
Speaker 10: in the next we are all just yet experiencing bit coin.
Speaker 10: Most of what year are older than BDC. Most of
Speaker 10: us year are in the age of the internety, So
Speaker 10: we should not make any mission is finite.
Speaker 3: It is not something they are placing.
Speaker 10: And on the first ever block, Satoshakamoto said it, Chancellor
Speaker 10: on the break of paiding out banks, everybody go and
Speaker 10: do that research, including you, chance in twenty basically in
Speaker 10: twenty twenty in two thousand and eight. You know what
Speaker 10: happened in the world in two thousand and nine when
Speaker 10: bitcoin came up right it said cancelor on the brink
Speaker 10: or paiding out banks They paid.
Speaker 3: So you are very correct, which is why we are
Speaker 3: all here. Don't understand bitcoin, And I'm.
Speaker 10: Telling you that bitcoin is finite one hundred millions and
Speaker 10: she's is what you are buying. You are not buying
Speaker 10: the dollar pounds nirati round round, No, you are bettering
Speaker 10: against them. So every time you buy a person of
Speaker 10: that bitcoin, I really don't care whether it's dollar, pounds
Speaker 10: or whatever it is.
Speaker 3: It is basically when I change my settence.
Speaker 10: I see the currency that is tootling the case, which
Speaker 10: can will never change value. If you buy the thousands
Speaker 10: of sacks, it is ten thousand sacks. If you have
Speaker 10: just five thousand erra, you can buy this coin. If
Speaker 10: you have those three thousand eerra.
Speaker 1: You can buy It can change value. It can change value.
Speaker 2: It can change value, it can change it can change
Speaker 2: value to it can change But if the US says,
Speaker 2: for if Donald Trump says bitcoin is used by I says, hence,
Speaker 2: hence hence I ban bitcoin.
Speaker 1: It's has changed value. It becomes illegal. You know, I
Speaker 1: do not I know, I know, but I know why.
Speaker 2: I know it's not gonna say that. I know it's
Speaker 2: not gonna say that, shuggle. But if he says that
Speaker 2: the value, the intrinsic value would change, that's the point
Speaker 2: I'm making.
Speaker 1: Let me get that. Folks, come in here, let me
Speaker 1: get you to add one last go ahead, man, I
Speaker 1: don't know, show go ahead.
Speaker 3: Yeah.
Speaker 22: So this this group here is I think everyone here.
Speaker 22: I'm more like written investors. And it's very important that
Speaker 22: for bitcoin, for example, being an advocate for bitcoin is
Speaker 22: absolutely very fine, but you talk more about the product,
Speaker 22: not the user experience in themselves, like how it benefited
Speaker 22: people or how it impacted people's portfolio, et cetera. One
Speaker 22: very important thing everyone have to understand is risk versus return.
Speaker 22: Here now and different as a class has variable risks
Speaker 22: and return. So depending on where you are, the question
Speaker 22: you first have to ask yourself is what am I.
Speaker 3: Really invested for? It mustn't be bit because it must
Speaker 3: be good.
Speaker 22: It mustn't be ever it is, It can be anything,
Speaker 22: but all the matters is don't put all of your
Speaker 22: eggs in one of those things.
Speaker 2: Right.
Speaker 22: In fact, even if you're investing in stocks stocks, is
Speaker 22: still a spectrum of maybe like own a giant stocks
Speaker 22: global stocks, or maybe some Omega cups or that's a
Speaker 22: mini caps or that's our MIDI cups.
Speaker 3: Et cetera, so kind of boost that wide.
Speaker 22: So if or maybe me, I'm speaking off of the
Speaker 22: angle of like an advice or in a way because
Speaker 22: I've been like in.
Speaker 3: That those you before, so it has shaped how I
Speaker 3: look at money. But we've seen a good.
Speaker 22: Number of people who are footballers sportsmen who have found
Speaker 22: their hand with this kind of ideology.
Speaker 3: Like it happens over another. So as a recent investor,
Speaker 3: just do a bit of research. It's not hard.
Speaker 22: They can just do like you can open into any
Speaker 22: of this AI explain your risk of your your life
Speaker 22: right now right if you're like on the Claudi only
Speaker 22: of this are right about your life right now, and
Speaker 22: ask it to advise you as a moderate investor like
Speaker 22: Bill Atman or Buffet stuff like that, you can see
Speaker 22: like you're going to see like a proper.
Speaker 3: Breakdown of how you can invest moderately right because.
Speaker 22: Honestly, it's very easy to say this asset is.
Speaker 3: Going to be a return. But we keep hearing bad
Speaker 3: news every day from people that are from me.
Speaker 2: Okay, hey, I think it just overall, right, guys, whatever
Speaker 2: you do, no matter the asset class, you cannot have
Speaker 2: more than say ninety percent eight any asset that's irrespective
Speaker 2: of who you are and whatever band yourself. There's a
Speaker 2: concept called asset allocation and with the research as a location,
Speaker 2: they find out that when you have a return of
Speaker 2: portfolio more than fifty percent of the reason why you're
Speaker 2: portfolio makes a profit or make a loss is how
Speaker 2: you allocate your assets. What I mean is that is,
Speaker 2: if you're setting age cettain risk profile, you have a
Speaker 2: setting objective, then you buy setting assets right if you
Speaker 2: are younger. The the what's called the framework orse you say,
Speaker 2: the delect The principle is that if you are younger,
Speaker 2: you buy equities. Why because equities like compounding, so they
Speaker 2: like time. So when you're a younger person, you are
Speaker 2: encouraged to buy equities and to ignore it because as
Speaker 2: it's compounding, inst reducing your average costing you are investing
Speaker 2: your dividends, your cost for share is falling as you
Speaker 2: are younger. But when you are older, you don't have
Speaker 2: the time to compound anymore. Because you are going to
Speaker 2: retire at say sixty five, then of course I've got
Speaker 2: to pass on. So there are advises to take your
Speaker 2: money out of equities and do fixed income and just
Speaker 2: enjoy the fixed income. It's not because fixed in come
Speaker 2: pay you more or pay you less. It's because you
Speaker 2: cannot afford to lose your money. So what I'm saying is,
Speaker 2: if you listening to the space and you want to invest, right,
Speaker 2: you have money you want to invest, you don't invest
Speaker 2: according toy. Returns you invest are current to your objective.
Speaker 2: If you want to make a lot of money, take
Speaker 2: some percentage, put it in an account and do what
Speaker 2: misterhe is doing. Go full crypto, rite, maximize it, do
Speaker 2: the leverage, do everything. But that's a part of your
Speaker 2: porfolitiy that you know. Okay, if I lose this, it's
Speaker 2: not going to affect my retirement. But if you are older,
Speaker 2: you should be very careful. The amount you're put in
Speaker 2: there doesn't main Bitcoin will make money again, it's three
Speaker 2: thousand dollars.
Speaker 1: It's that who dollar or one cent is now at
Speaker 1: eighty three thousand.
Speaker 2: The US government is now owning a bit going so
Speaker 2: we can't come and say it's not it's an asset,
Speaker 2: but you must invest according to your objectives, not according
Speaker 2: to returns. Very important point. I show you've got the flow.
Speaker 2: Thank you, sir, hil Can you hear me? Yes, I can, Yes,
Speaker 2: I can. All right, beautiful, thank you.
Speaker 3: And it's been it's been nice listening to everyone. It's
Speaker 3: been a while.
Speaker 23: Yeah.
Speaker 26: So I think, uh, one of the things that this
Speaker 26: going is always a polarizing of it, and I think
Speaker 26: that is understandable just because.
Speaker 3: Of maybe the roots of it.
Speaker 26: I do feel like the conversation here has been a
Speaker 26: devoid of saying even a little bit of focus on
Speaker 26: you know, why does it goin actually matter? I'm not
Speaker 26: in maxist of bitcoin. I work in the blockchain space
Speaker 26: that I research and all of that. I am a
Speaker 26: maxi of access, right, just creating products that give people
Speaker 26: better access, right. And I'll give an example of that
Speaker 26: I recently when I was in I was in IROGI
Speaker 26: recently and it was my first time. Then, you know,
Speaker 26: emphasized is the Domino dominance, the metal debt. I paid
Speaker 26: all shoot with stable coins and I need to worry
Speaker 26: about or getting cash here, and then it was it
Speaker 26: was simple. It was pretty simple nothing right now. And
Speaker 26: I think there are also beat kind of donatic solutions
Speaker 26: that I could have that that does that. Uh, there
Speaker 26: is not that solution that has done nothing. Else that's
Speaker 26: brought this kind of solutions in the is that it
Speaker 26: has done it so so so I said that to
Speaker 26: I answered the first question that the question I see
Speaker 26: in the space here like as crypto grown up.
Speaker 3: Yeah, it's progress, It's it's growing slowly, but I do
Speaker 3: think that it is growing up.
Speaker 26: I also think when it comes to like the subject
Speaker 26: of you know, strategic bitcoin, strategic reserve or reserve, it's
Speaker 26: also important to like understand a bit what the fundamentals are, right,
Speaker 26: why does bitcoin matter.
Speaker 3: As a form of money right not as an investment?
Speaker 26: It is an investment right now because the demand for it,
Speaker 26: it's it has not picked in demand right the day
Speaker 26: it picks in demand to the points where that you
Speaker 26: can't you can't have like.
Speaker 3: There's no wide swing between demand and supply.
Speaker 26: I think there's going to be some levels staping in
Speaker 26: today and that might that see me as a way
Speaker 26: I believe, but they I heard I was listening to
Speaker 26: the to the founder of a strike it's a bitcoin
Speaker 26: on the platform just describing.
Speaker 3: You know, why become Jack Marl Jack Marlers, Yeah.
Speaker 26: Jack Mallers. And it had like the most brilliant I
Speaker 26: think if you saf you go to us is Twitter's accounts,
Speaker 26: you would see that particular podcast, and I thought it
Speaker 26: was very brilliant the way it presented it and what
Speaker 26: he was telling saying bhysically is there is when you work,
Speaker 26: you're exchanging your time for money, right so uh, and
Speaker 26: that is money has always been a medium of exchange
Speaker 26: of value, right, so when you and you need to
Speaker 26: find a way to retain that value, to suppore that value.
Speaker 26: The problem is that the current form of money we have,
Speaker 26: the Mayra of the US, the the problem over the
Speaker 26: years to not the.
Speaker 3: Strong at retaining value.
Speaker 26: Now I spend my time to just a confirmedenisty hearing,
Speaker 26: yes right, okay, great, So I spend my time an
Speaker 26: entire year to earn money. And we're facing that in
Speaker 26: Nigeria right now.
Speaker 3: A lot of people.
Speaker 26: Cannot afford where you can afford a few years ago
Speaker 26: just because of the currency situation. Because the economy, uh,
Speaker 26: it's not strong enough to like to support a stronger currency.
Speaker 26: So a lot of people have lost their buying power
Speaker 26: over the over over the years. Uh, people are having
Speaker 26: to like to leave and we we've read stories over
Speaker 26: how people have plunged into into poverty over the last
Speaker 26: few years. And the problem is because money, the current
Speaker 26: part structure, comes into a good job at retaining value.
Speaker 26: Right And what so what bigcoin seeks to do is
Speaker 26: to solve that problem.
Speaker 3: Right. Can we have money that if.
Speaker 26: I stopped so for example, I keep ah, well, let's
Speaker 26: say if I keep one one one goal, let's say
Speaker 26: a barrow of gold somewhere out linted that right, maybe
Speaker 26: the value would depending on what is collecting it from me,
Speaker 26: the value that have gone up or down in terms
Speaker 26: of what they see. But it stalks value in an
Speaker 26: interesting way.
Speaker 3: Right, And that is what bigcoin is about. And I
Speaker 3: think that is the entire places behind it, right, and.
Speaker 26: Something that I always like to tell anybody because it
Speaker 26: feels like I come from a financial background myself. I
Speaker 26: was an equity research analyst for about ten years, right,
Speaker 26: and I first heard about bcoin into meditating like this,
Speaker 26: I discarded it as a ponzi because again, we have
Speaker 26: these questions about what is the earnings? Does it generate
Speaker 26: to you and all of that that is not the
Speaker 26: design of bitcoin, right, if you need to like understand
Speaker 26: why so it took me a lot of four years
Speaker 26: to like go back to like understand even the history
Speaker 26: of money. When you find out that, for example, money
Speaker 26: has never been an invention of a government. Government took
Speaker 26: over money for different reasons across the world. Money is
Speaker 26: an invention of trade, right, And if we think that money,
Speaker 26: the current money we have, governmentation money is going to
Speaker 26: be you know, it's just understanding from that dimension that
Speaker 26: you know, changed my own work. That is why I
Speaker 26: chose to work in the space. I also work when
Speaker 26: it comes to access. Like I said, I worked in
Speaker 26: I worked for a lot of a Marria confirms over
Speaker 26: the years and as far back as say twenty ten,
Speaker 26: the only way I could get paid when I work.
Speaker 3: Was pioneered. Right.
Speaker 26: I got looked out of like great opportunities globally because
Speaker 26: I couldn't access paper.
Speaker 3: Right. I've shared this many times.
Speaker 26: I couldn't invest in stocks like test Lab as early,
Speaker 26: even when even I knew about them early, just because
Speaker 26: of my location. What big coin does, were blockchain does,
Speaker 26: is opening it up or access right now, there's a
Speaker 26: problem in the space where because money is unlike most
Speaker 26: industries where you kind of have to dig out the
Speaker 26: money right by solving a problem. The money came first, right,
Speaker 26: And I feel like a lot of people in the
Speaker 26: space are that motivated to like.
Speaker 3: Build problems solving solutions.
Speaker 1: But yeah, I'll just keep it that help and make
Speaker 1: some sense. So question for you, is bitcoin a hedge
Speaker 1: against inflation.
Speaker 3: When we look at it over time?
Speaker 26: Should I say a couple of years time for yes,
Speaker 26: that's performed gates envision.
Speaker 1: No, But that's not a question. That's not the question.
Speaker 2: The question is is it a hedge? Because I think
Speaker 2: there's a confusion. I'm talking to a guy on Twitter.
Speaker 2: The guy says bitcoin is a hedge. I go, bitcoin
Speaker 2: is not a hedge. The price appreciates when other asset
Speaker 2: classes have fallen. But a hedge, as you know it hedges,
Speaker 2: one goes up. That's a negative correlation. One goes up,
Speaker 2: the other one goes down. So big bonds and equities
Speaker 2: are hedges. If bonds goes up, equities tend to go down.
Speaker 2: Oil and the dollar are hedges. You know, if oil
Speaker 2: is going up, goals is going down. But I think
Speaker 2: people are confusing the price appreciation like a shouldn't first
Speaker 2: tell you Bitcoin has gotten about it billions percentage return
Speaker 2: and the dollar has crashed.
Speaker 1: So folks who now say, oh, bitcoin.
Speaker 2: Is against the dollar, But bitcoin is perfectly correlated with
Speaker 2: the NASDAK.
Speaker 1: So if it's perfectly correlated with the nasdak, how can
Speaker 1: it be a hedge.
Speaker 3: So if you say, but you just said now that
Speaker 3: equities a definition, right, I didn't say so, or what
Speaker 3: did you say?
Speaker 2: I said, bones and bonds and equities. If bonds go up,
Speaker 2: equities go down, negative correlation. So if I want to
Speaker 2: hedge my bond position, I buy equities. If I want
Speaker 2: to hedge my So that's a natural hedge, I e.
Speaker 2: Negative correlation. They don't go in the same the same way. Oil,
Speaker 2: for instance, would be a natural hedge hedge to say
Speaker 2: tesla if evies do well, the internal combustion engines don't
Speaker 2: do well, so.
Speaker 1: They are negatively correlated, going the opposite to it.
Speaker 2: But with bitcoin, bitcoin and NASDAK are positively correlated. If
Speaker 2: if today's topic it goes down, basically gonna go down.
Speaker 2: That's what we're seeing today.
Speaker 26: Well, you're not edging against the stock markets with base coin, though,
Speaker 26: what am I edging against? You're you're aging against coin series,
Speaker 26: so edging against the money, your brand being losing BALI
Speaker 26: that's what your agent it.
Speaker 2: Is, Okay, So let's go to that. It is a
Speaker 2: crisis in the world. What's the sist assets people go to?
Speaker 2: Is it Bitcoin or is the US dollar?
Speaker 3: Rout all film hold on Mary Block, shout out to
Speaker 3: you man coin. Basically you tweeted your tweets. I don't
Speaker 3: know if you saw it. Recently, brand Armstrong quoted your tweet.
Speaker 10: About c Engo and I haven't been able to give
Speaker 10: you a shout out for that. And that was a
Speaker 10: beautiful writer that you. They wrote, but unfortunately you didn't.
Speaker 10: You didn't make it to the Niger big kind of conference.
Speaker 3: I don't know why it would happened. But it's good
Speaker 3: to see you here on carloge Space.
Speaker 27: That's where you see most of the top players in
Speaker 27: the space, because I mean, colors are big man, Okay,
Speaker 27: So it will break down in Nigeria, in America anywhere today.
Speaker 3: Why do you want to go for the US or
Speaker 3: let's just.
Speaker 2: I'll not I gave this so I'm saying that as
Speaker 2: a fact if war breaks out anywhere on Earth, dollars
Speaker 2: go up, Bitcoin goes down. I'm not argaining. I'm just saying,
Speaker 2: just pull it up. We're not arguing. I'm not saying
Speaker 2: what you should do. I'm saying what happens you know why?
Speaker 3: Yeah? Yeah, I understand you, right, But so let me
Speaker 3: paint something to you. What WO was trying to establish.
Speaker 10: Dollars the US dollars is practically the widely most used
Speaker 10: reserve currency in the world today. But let's be realistic.
Speaker 10: If war breaks out now, which we have all now
Speaker 10: come a few of us, not a lot of a
Speaker 10: few of US. I have now come to realize if
Speaker 10: how many US dollars would you be able to lay
Speaker 10: your hands on use Ukraine?
Speaker 3: No, I don't know.
Speaker 1: Check out.
Speaker 3: No you are.
Speaker 2: You are arguing a fact that is as already established
Speaker 2: history and data points. The point I'm making is this,
Speaker 2: any time there's crisis in the world, any time, not today,
Speaker 2: not yesterday, any time, the dollar, the ten year dollar
Speaker 2: bond will go up in price. The vics will go
Speaker 2: up in price because traders will run to the safety
Speaker 2: of the US dollar. Bitcoin will fall, stocks will fall.
Speaker 2: Bitcoin is positively correlated to the NASDAK In this, I.
Speaker 3: Know banks will definitely be dollar, but the point is
Speaker 3: that it is the fact.
Speaker 1: Yeah, that's what I'm not argue. I'm saying, this is
Speaker 1: what would happen.
Speaker 3: That's what I was going to say.
Speaker 2: So the point I'm making that when we say we're hedging,
Speaker 2: if I have a portfolio to that, I have maybe equities, bonds, oil,
Speaker 2: the real estate. Okay, so if I have a portfolio
Speaker 2: of four equities, bonds, oil, property, what do I hate
Speaker 2: you to it with this four things?
Speaker 1: That's it. That's that's the point I'm going That's that's
Speaker 1: what I'm saying.
Speaker 2: The gold is the hedge because the goal price will
Speaker 2: not go up or it's just stay it's just stay
Speaker 2: boring and stable.
Speaker 1: But if the market crashes, gold stays boring and stable.
Speaker 2: It goes It doesn't go up, but the other assets
Speaker 2: going down pull it up because the two way quotes.
Speaker 2: So if I buy gold today again, I use my
Speaker 2: dollar and I buy gold, then gold goes then dollar
Speaker 2: goes up in price, down in price, then gold automatically
Speaker 2: goes up in two way quotes.
Speaker 1: So it's not that gold had new intrinsic value attached.
Speaker 2: It is that dollar crashed, and because the negative correlation
Speaker 2: is hedge, it goes up. So I'm going back to
Speaker 2: my point. So the question I ask is is bitcoin
Speaker 2: a hedge and inflation is not. It gives you more money,
Speaker 2: but that's not what the hedge means.
Speaker 11: And it's called age.
Speaker 5: It's called age against inflation.
Speaker 1: Is that what you're saying, Yes, I'm asking. I'm saying
Speaker 1: it's not.
Speaker 3: It's don't while I desire so that give my own
Speaker 3: business work.
Speaker 11: So it depends like what you do.
Speaker 3: That you said makes sense.
Speaker 12: But now you look at on the spectrum, like inflation
Speaker 12: has been on the rise, you know, and bitcoin.
Speaker 3: Has been on the rise.
Speaker 12: That's negative, not right when you understand right, the value
Speaker 12: of bitcoin.
Speaker 5: Has surpassed the increasing inflation.
Speaker 3: So definitely the value of the value of what you
Speaker 3: were getting.
Speaker 12: For example, the value of bitcoin now has surpassive the
Speaker 12: value of the dollars empower.
Speaker 3: If you look at the doors, the power in twenty
Speaker 3: twenty four has dropped lower.
Speaker 12: That wasn't twenty two, but bitcoin over that period has increased.
Speaker 2: Okay, I mean, I hear you. But when Biden was
Speaker 2: the president and we had inflation, what's bitcoin doing? I
Speaker 2: was not doing so well, right, which which talks did
Speaker 2: which stocks did well? So I mean that is out there.
Speaker 2: I'm just saying that. You know, if you look at
Speaker 2: the bitcoin and and nasdak, it's correlated. And so I
Speaker 2: means we can take stocks and replace stock with bitcoin,
Speaker 2: or NAST can replace NASDAK with people.
Speaker 3: Did actually okay, yeah, okay.
Speaker 12: As over US talks is that like you know, managers
Speaker 12: for example, do have access to buy your talk directly,
Speaker 12: So people has that white diryage in terms of the
Speaker 12: fact that okay, yeah, you would say direct condition.
Speaker 3: But bitcoins why whatever? That you can buy bitcoin do
Speaker 3: quest proper.
Speaker 12: But in America different us is a form of ID
Speaker 12: or cover, but you get exposed to the market.
Speaker 2: Okay, So again just to question I'm asking, right, So
Speaker 2: if if you before there was bitcoin, what.
Speaker 1: Was the hedge people would buy for a portfolio. It
Speaker 1: is to be gold.
Speaker 2: So if you have a portfolio, usually going to be
Speaker 2: fixed income and variable income, So fixing come will be
Speaker 2: your bonds, your property, fixed income, your variable are going
Speaker 2: to be your equities and anything that does not pay
Speaker 2: you a fix of return. That was so the normal
Speaker 2: hedge used to buy was gold. Because gold just sits there.
Speaker 2: It just sits there, and it protects your porfloence goes
Speaker 2: up and down. Now bitcoin was now quoted as digital gold,
Speaker 2: and folks are saying, if you buy bitcoin, you are
Speaker 2: hedging a portfolio, a traditional portfolio. But how can it
Speaker 2: be a hedge when bitcoin? Bitcoin is the same with equities.
Speaker 3: Bitcoin act this question multiple times and I want to
Speaker 3: book at.
Speaker 2: I'm not saying doesn't make money. I'm not saying you
Speaker 2: wouldn't make money. I'm saying it goes equity.
Speaker 10: They said there was something to do me. They said
Speaker 10: if you pay attention to what he said. Look, you know,
Speaker 10: if you're very first of all, let me start like this.
Speaker 3: How do I put it?
Speaker 1: You can?
Speaker 3: This is how to argue this right. Bitcoin has a
Speaker 3: fixed supply of twenty one million.
Speaker 10: Coins and it is hard coded into the bitcoin blockchain,
Speaker 10: the Bitcoin protocol.
Speaker 3: Unlike fiat currencies, where the.
Speaker 10: Banks, I mean the apex banks, central banks can print
Speaker 10: money like Nayra trash money like US dollar during QE
Speaker 10: quantitative easy. We all know that it prints money. The
Speaker 10: bitcoin scarcity me makes that of gold as a start
Speaker 10: of value. It's erods inflation, it's eroads inflation sham. You know,
Speaker 10: so it's going to basically help you strengthen your purchase.
Speaker 1: Yeah, okay, But the question, the question, the question is this.
Speaker 1: The question is this.
Speaker 2: If you cannot be a hedge, if you fall when
Speaker 2: there's uncertainty, you cannot. You can't say you're a hedge
Speaker 2: if you the value falls when there is uncertainty.
Speaker 1: Appyble, what's your taking on this? Can you can you
Speaker 1: be a hedge?
Speaker 3: No? No, no, I think that.
Speaker 1: Apple am muteing you.
Speaker 3: It's not edge.
Speaker 1: I think we're not the probens that we're not. We're
Speaker 1: not defining what the hell is that's the that's what
Speaker 1: that's all.
Speaker 12: I jazy negative coalition exactly.
Speaker 2: So if it's a negative correlation, then it should not
Speaker 2: fall when the markets are falling.
Speaker 3: That's why. That's that's why people anti market. It's not
Speaker 3: your anti market age.
Speaker 5: But you measured yourtationary and that was why I said, that's.
Speaker 3: The literal one.
Speaker 2: What inflection always comes with the bad economy. So that's
Speaker 2: the point I'm making. If today we hear that the US,
Speaker 2: the US inflation is five percent.
Speaker 12: Cat history. You're talking about America because you're as fast market.
Speaker 28: If there's no infessially in China, but there's no inficient
Speaker 28: in China this definition, I know, but they don't have
Speaker 28: this inflation as well.
Speaker 1: It's Japan.
Speaker 3: I think of Japan what generally is But generally.
Speaker 12: Like you know, in the years, inficial is usually low,
Speaker 12: and that's because of very efficient accagement.
Speaker 3: Yeah, reserve currency, but you know you can't use that.
Speaker 5: You can't used to do that, as you can't use
Speaker 5: here to say that to keep any nation.
Speaker 2: Any nation that has high inflation has a serious economic problem,
Speaker 2: any nation on earth. There is no nation on earth
Speaker 2: to double this inflation that the economy is doing well.
Speaker 2: It correlates. So when I say your inflation.
Speaker 3: Yeah yeah, yeah, thanks you for example.
Speaker 1: There's no nation that has double this inflation. The economy
Speaker 1: is doing well. Learned that there's no Let's let's work
Speaker 1: what more?
Speaker 2: What more of pleasant and mister Eric, let's do mister Eric,
Speaker 2: your hands so Eric go ahead, please, mister Eric, go ahead?
Speaker 3: Probably thank you, Yes, I can gracefully, specially.
Speaker 11: As because I think.
Speaker 29: I'll keep you very brief. Said everything that used to
Speaker 29: say respect true inflation and the price coronatility. I think
Speaker 29: I remember being in this place in twenty twenty.
Speaker 3: Two when this coin crashed last time, and it.
Speaker 29: Is studied here was a year that invested thirteen thousand
Speaker 29: dollars in He's now going called Luna tell you any
Speaker 29: I think I can't remember, and he crashed. He's going
Speaker 29: across from forty thousands, I think seven seven thousand.
Speaker 3: She lost everything, so to say, and that was the
Speaker 3: their case there. There a lot of things have happened
Speaker 3: to twenty two.
Speaker 11: The United States SEC.
Speaker 3: Chairman has been replaced.
Speaker 29: Engineering SEC chairman has been replaced as that time now
Speaker 29: by eventually.
Speaker 3: Of the kind of work I do. This band connectict
Speaker 3: you doctor sem Gamad, current.
Speaker 29: SEC chairman, and she say, like I said the lorts,
Speaker 29: you're gonna have said what music said. But he is
Speaker 29: very bullish in terms of hutstanding and direction of views
Speaker 29: in terms of what needs to be done us bit coin.
Speaker 29: This coin has been solutified as an assets.
Speaker 3: Clients, so things are being done.
Speaker 29: Changes are being made to make sure the mistakes that
Speaker 29: were made on the previous leadership or previously being god
Speaker 29: noors won't be read again.
Speaker 3: Now currently I've been Toronto on the ground respected kind
Speaker 3: of what I do.
Speaker 29: I've been here for about three years, and when I
Speaker 29: landed there wasn't really any should I say, market acceptance
Speaker 29: to bitcoin.
Speaker 3: So let me be an example.
Speaker 29: All these stores in my city right now currently accept
Speaker 29: bitcoin as a home of payments.
Speaker 11: When I say stores, I mean things like.
Speaker 29: Convenience stores, things like gas stations, things like down to
Speaker 29: the smallest a hot dog stand accepts bitcoin as the
Speaker 29: payments for these.
Speaker 3: Things were not common place when I landed here. It
Speaker 3: is true I was in.
Speaker 29: Aubuty and I tried to buy bits cooin via face back.
Speaker 3: That's my deltive to larger I tried to send it.
Speaker 3: I think it was really bound that even gave me literally.
Speaker 29: In terms of calling me to tell me some buskins
Speaker 29: as many accounts, so instead of them, should I say,
Speaker 29: we're finding.
Speaker 3: The transaction, you know, welcome to me to get the
Speaker 3: money out.
Speaker 29: So regulation was to understand the regulatory perspective from olimedia
Speaker 29: as more as speaker as well.
Speaker 3: I've spoken on the market acceptance and behavior towards the
Speaker 3: basic coling moods. All that is, should I say.
Speaker 21: Feel of the past, we should move forward from things
Speaker 21: that have happened.
Speaker 22: This asset classes should I say fifteen years old.
Speaker 3: Twenty years and discuss is not about thirty years old,
Speaker 3: so compelling.
Speaker 29: We can go company with real estate Salasys to Ali
Speaker 29: for those type of those types of comparisons.
Speaker 3: And last last week in terms of black rocks it
Speaker 3: tf ib it. The charges you're going to find expose
Speaker 3: and as you say, the value.
Speaker 30: Behind that is them allow you to buy derivatives connected
Speaker 30: to the.
Speaker 3: Stop in the core and put options.
Speaker 29: Now for advanced investor, I'll also go to tip into
Speaker 29: that the usual devalues of cores and puts. So while
Speaker 29: you can buy this coin without fees on multiple exchanges,
Speaker 29: the value behind us you're going too five fees is
Speaker 29: the cause and puts just attached.
Speaker 3: That's just just a brief add on on toowards saying
Speaker 3: thank you very much for having me.
Speaker 1: Thanks.
Speaker 2: I mean interesting that even you're talking about in Canada
Speaker 2: that it's now mainframe. I think it's everywhere. I think
Speaker 2: I went to the store, normal store in America here
Speaker 2: and you have all those kios where you can buy
Speaker 2: bit coin across the board. I think if Nigeria do
Speaker 2: a shaging with here, Nigeria does that they start to
Speaker 2: put at ms where you can buy bit coin. Its
Speaker 2: all over, and I don't see it's all over folks.
Speaker 2: It's gonna transit to bitcoin because of the inflation. World
Speaker 2: is superhalf Nigeria, and then maybe the guys are doing that.
Speaker 2: Staple coin might be onto something. But it's interesting that
Speaker 2: this has happened.
Speaker 10: Eric, you've got Okay, before Eric say something, I was
Speaker 10: just saying, Calum, sure, you know a lot of people
Speaker 10: don't know calories like Larry think of black Rock. I
Speaker 10: mean it might not be in terms of wealth spending
Speaker 10: types of every way financial talking of our country, Larry
Speaker 10: think of black Rock and.
Speaker 3: Michael Stiller of.
Speaker 10: Micro strategy at MSTR that you should try and get
Speaker 10: your answer some or now called strategy. Look, let Calu
Speaker 10: get bitcoin eventually. All of you here who knew him,
Speaker 10: as they say that before, we'll find out how most
Speaker 10: likely that younglement to eventually invite him to be on
Speaker 10: that executive board of people that we are twice the president.
Speaker 3: You can hear some of the things Calu is saying. Now,
Speaker 3: this is not the Calum of two years ago.
Speaker 10: So we all get bitcoined at the price of understanding
Speaker 10: that way when the time is right.
Speaker 3: I knew how Mike the world the best thing.
Speaker 1: I've always so I've always helped. I have bitcoin in
Speaker 1: my four one key.
Speaker 2: I have bitcoin individually the point I've always had Again,
Speaker 2: you know, I go back to that article in Bloomberg
Speaker 2: I buy. I don't buy stocks and don't pay dividends.
Speaker 2: So I don't buy Tesla because I don't pay a dividend.
Speaker 2: Why because I look at dividends as my escape route.
Speaker 2: If I buy a bad stock, at least I get dividends.
Speaker 2: So Tesla said, growth stock, not to know, we're not
Speaker 2: paying dividends, but I like to have a dividend. Bitcoin
Speaker 2: doesn't pay a dividend. They started to do staking. That's
Speaker 2: why I was interested, because I could buy the dividend
Speaker 2: this the BTC and stake it not as BTC the
Speaker 2: rest and stake it. But still that lack of utility
Speaker 2: when we're talking luer sh and the market has moved
Speaker 2: Back then bitcoin was a speculative asset. You buy it,
Speaker 2: you make a lot of money, and you can lose
Speaker 2: a lot of money. I remember when we were talking,
Speaker 2: we bought bitcoin at twenty one dollars. I remember two
Speaker 2: years ago, why did you eat Space twenty one thousand?
Speaker 2: We had the Space remember we had the space. It
Speaker 2: went to forty nine thousand. We had a space I
Speaker 2: sold for nine thousand and one. Guy said it's going
Speaker 2: to go up. I went back. I bought again at
Speaker 2: first thousand. It went to six thousand. I sold the game.
Speaker 2: Then he went back to sixty five and now went
Speaker 2: on bought at sixty five. My engine locked at sixty five.
Speaker 2: He didn't go up again.
Speaker 1: It came down. So you win some, you lose some,
Speaker 1: you know. But now the thing looks like it's becoming
Speaker 1: If the US government is holding bitcoin, then who are you,
Speaker 1: you know, the first person when Tesla Tesla was quoted
Speaker 1: and Tesla bought bitcoin, which means that when SEC will
Speaker 1: review Tesla's account, they're going to see a line saying
Speaker 1: we own bitcoin and SEC has to approve that.
Speaker 5: You know, why this coin droped test even after the
Speaker 5: US because.
Speaker 12: I try to if this is that Donald Trump disappointed
Speaker 12: the market, and that was because you're buy.
Speaker 3: Because the em it's.
Speaker 12: Tech use taxpers wanted to buy bitchcoin, and whatever bitchcoin
Speaker 12: helped by the US government, they won't sell it, you know,
Speaker 12: and which is good. But the matter is that the
Speaker 12: US democracies four years and is second term.
Speaker 3: This is not China or Russia where the presidentcy is forever.
Speaker 3: So we know that and does not come to Congress.
Speaker 12: So if you look at the markets while dumping, because
Speaker 12: I've explained to.
Speaker 3: You how the.
Speaker 12: Market's perception is because we personally, I increase my bio pressure.
Speaker 5: After the election, I increase my bier pressure bitco. I
Speaker 5: felt like, okay, yes, I see that it would definitely
Speaker 5: breaking through.
Speaker 11: This is figures.
Speaker 12: But my canreaction disquarter I shown positive conllusion, recession, feast, liquidity,
Speaker 12: dream and disappointments that that pers money will not be used.
Speaker 3: So, yes, bitcoin is yet to stay.
Speaker 5: But will people be ready to write trouting points and not?
Speaker 3: Because you know, people do want the fact that.
Speaker 12: So bitcoin is very difficult mentally you must be able
Speaker 12: to absorve.
Speaker 5: For percent at those it would be able to absorb.
Speaker 12: Johnny, you you know this thing is a lot of
Speaker 12: people to talk about because bitcoin requires be straight like
Speaker 12: to do.
Speaker 3: You for example, just check my I was like, wow,
Speaker 3: this is this is where the backt work.
Speaker 5: It was looking like you know, this was the term
Speaker 5: that was close to four poub.
Speaker 3: You know, so these are things that you need to talk.
Speaker 2: About but let's let's let's plan this out. I asked
Speaker 2: a look the question to sooner point his left. Now
Speaker 2: let's do this never planning out. Let's say Donald Trump,
Speaker 2: now US has got the bitcoin, the Bitcoin reserve. They
Speaker 2: then he's holding meetings with all these folks that are
Speaker 2: in the Pitscoin Council. The clearly regulation is now saying
Speaker 2: the US government is open to bitcoin. Then let's now
Speaker 2: say he Trump past three more years. In three years,
Speaker 2: it's quite able to move down that football field. They
Speaker 2: are at the ten yard ten yard line. There is
Speaker 2: no way in four years they won't be the touch
Speaker 2: line for a touchdown.
Speaker 1: No way, no way.
Speaker 2: So what you're going to say that Americans still don't
Speaker 2: use bitcoin. If you pull up the chair to look
Speaker 2: at the Americans that know and use bitcoin, it's very low.
Speaker 2: Africans do a lot of bitcoin because we have to.
Speaker 2: We do a lot of we know our currency is
Speaker 2: not stable. We do a lot of transfer. Americans still
Speaker 2: use checks, the American they still use checks. So they
Speaker 2: need to be convinced. And I think it's when the
Speaker 2: older folks in America that have the money, the baby
Speaker 2: boomers that have the money, when they look at bitcoin
Speaker 2: and say this is now safe because Donald Trump has
Speaker 2: said this is now safe.
Speaker 1: Second said it is safe the big boys, and I'm buying.
Speaker 1: That's when you will see a movement.
Speaker 12: Yeah, both has three for six billion dollars in his
Speaker 12: cashing treasury and Americans have about sixty dollars on the sideline.
Speaker 12: And you look at what Morgan's party go Massacks, as
Speaker 12: a guess, was talking about.
Speaker 5: They're saying that it's like you, retation basis is high.
Speaker 3: We know that a big coin.
Speaker 12: Performs poorly recession a point covid when its exactly.
Speaker 3: So, yes, I get you can.
Speaker 12: Trump has really amplified integrity around the piece. However, Marcus
Speaker 12: circumstances you put the car risk. The Trump stariff has
Speaker 12: really traded people out dis quote a car. If you
Speaker 12: look at just your treat social media and channel I
Speaker 12: look at the entire keywords and look at why and
Speaker 12: you see that you love that you were ultimately do
Speaker 12: this piece and they loved and so yeah, it is
Speaker 12: here to stay. Or the matter is how lots before
Speaker 12: be right to the next orld.
Speaker 2: Okay, but again I would say our show is right
Speaker 2: on on just on a broad perspective. The outlook for
Speaker 2: this asset class is more positive today than it was
Speaker 2: yester day, So which then means that as an investor,
Speaker 2: you know you follow the market. You know you follow
Speaker 2: the market. The market is becoming more positive. You want
Speaker 2: to ask you and say, okay, this day is not
Speaker 2: looking good. Should I do one to ten percent? That's
Speaker 2: really why while holding the space soft to guide folks
Speaker 2: to say, okay, this thing is now a thing, but
Speaker 2: doesn't even because it's a thing, you should then true
Speaker 2: to a personality.
Speaker 1: Maybe start with one percent or two if you think
Speaker 1: it's you. But this is a thing. We can't deny
Speaker 1: it anymore. It's a thing.
Speaker 2: Let me get no information, no information provided, not my president.
Speaker 1: How are you doing, sir?
Speaker 3: Yeah?
Speaker 1: Oh, to bet you go. I do apologize to let
Speaker 1: you go ahead. I'd like to.
Speaker 2: That's why I like you that name. You please go ahead.
Speaker 2: There's no information and we've got yeah, go ahead, sir.
Speaker 1: Can you just speak up of people in my own bit?
Speaker 3: Yeah?
Speaker 1: But you could so speak a bit? Yea hear me perfectly,
Speaker 1: log and clear.
Speaker 3: Okay.
Speaker 20: So remember I think it was last year or last
Speaker 20: or last quarter of twenty twenty three. I was on
Speaker 20: your space and I I think that year the next year,
Speaker 20: which was last year, was quite help it. And you
Speaker 20: know it was that I think it us comparing them
Speaker 20: at nineteen twenty five percent from that time, you know.
Speaker 3: And you know it's a really it's a big way
Speaker 3: for the crypto you know market. You know, it's a
Speaker 3: very big way that the United Estates now has, you know,
Speaker 3: a bad way, you.
Speaker 20: Know e cuypt two driven reserve, you know, a crypt
Speaker 20: two driving reserve, you know, and they are now who
Speaker 20: did the number of you know, layer on.
Speaker 3: H gryptocurrencies?
Speaker 20: And I heard someone say something about good and the
Speaker 20: person hitting nail on the head. God is limited and
Speaker 20: that is where he's able to be a good edge.
Speaker 20: The US dollar is printed is limitless and bitcoin he
Speaker 20: is limited, you know, sadushi in. But when he published
Speaker 20: the Bitcoin white paper, that's not eight this way is
Speaker 20: he won't He wanted.
Speaker 3: To you know, remove government and center bans control over money.
Speaker 3: That was his.
Speaker 20: Initial plan, the centralization you know, limited supply and censorship
Speaker 20: and others. But he has it's seen today because of
Speaker 20: that censorship. Because of that censorship, every Chiman government we
Speaker 20: want to look into it. We have think cases where
Speaker 20: bitcoin is being useful, you know, Shidy, you know I'm
Speaker 20: not going to hide. I'm not going to hide the truth.
Speaker 20: We have seen, we have had issues. We are dangerous
Speaker 20: or they god, you know, dangerous outfits use BTC to
Speaker 20: run their organizations based on that anonymicity. But all the same,
Speaker 20: Bitcoin is a good head, if you want to read it,
Speaker 20: a good head. At least it was the first gypto Paris.
Speaker 3: It was a good head. Now I'm coming to that.
Speaker 3: I'm coming to what I said, you know lastly, about that.
Speaker 20: Inability to be transparent some of the transactions, and that
Speaker 20: is where you know, cryptocurrency simply a want cryptocurrency.
Speaker 3: Like by by network.
Speaker 20: They have come to solve that problem, the problem that
Speaker 20: business is running into now because that you can't see
Speaker 20: the dream of Ta Tushi was not.
Speaker 3: Fully implemented all right.
Speaker 20: Now, round up to round up by network brings accessibility.
Speaker 20: The accessibility of by network is way like a bit
Speaker 20: coependent twenty million PDC and what is remaining now is
Speaker 20: about one one million bit is remaining now for the
Speaker 20: mining to be up.
Speaker 3: That's very soon.
Speaker 20: Bitcoin is not as successible as some staple currencies does.
Speaker 3: You can't use bit coin in the markets, and you
Speaker 3: can't use spit coin in you know, food market because
Speaker 3: of the.
Speaker 20: Digits, the limitation of the digits and the price today
Speaker 20: it has already gone first that being said to keep
Speaker 20: going fast, but the ability is needed and that is
Speaker 20: really keep two. Currencies like bionets will come in the
Speaker 20: first that they're from the grassroots.
Speaker 3: To spread. After which that.
Speaker 20: Anonymicity they solved it by bringing in KEYYC and en
Speaker 20: answering their security cross.
Speaker 3: So every that you're here to go through a game
Speaker 3: y process that makes you to be.
Speaker 20: Known, that your transaction will be known, so that that
Speaker 20: transparence is there is critiqual. You are mostly talking business here.
Speaker 20: No many maxis that are mining business is today. They're
Speaker 20: not buying in their minding needs, they have funds. It
Speaker 20: takes a lot of energy to mind bit going. If
Speaker 20: you want to mind bitcoin without doing four hours electricity.
Speaker 3: You're going to be your wa Yeah, all right, that's it.
Speaker 10: I'm just saying the pros and cons and compt let
Speaker 10: me depoint what you're doing. Do you know that over
Speaker 10: a hundred pig beyond dollars annually a hundred billion cash
Speaker 10: dollars annually. M hmm, it's pretty ten. It's being used
Speaker 10: for elicit drug dollars, not bit coin.
Speaker 3: I don't know. I didn't tell you about that.
Speaker 26: I don't know.
Speaker 3: Just hold on, okay, just al, I'm not arguing with you,
Speaker 3: I'm not working with you.
Speaker 11: Just this is.
Speaker 10: It's the kind of space. It's not a space where
Speaker 10: we argue. It's a space where you try to share
Speaker 10: your you wanted to have bought, so I understand.
Speaker 3: It really is the transparencies. So I talked about this
Speaker 3: is being used for transitions.
Speaker 10: That I'm just trying to put it out there that
Speaker 10: cash fiat dollars, it's more preferred for crimes. If if
Speaker 10: you want me to start reading out these bats need to.
Speaker 20: Office that you can see every it's a transaction, but
Speaker 20: you know who who is doing the transaction.
Speaker 3: He said, don't wait, hold trust yourself.
Speaker 10: Just hold on.
Speaker 3: I'm not I'm not tradicting myself. I'm saying that.
Speaker 10: I'm saying that at leasta transactions ranges from two trillion
Speaker 10: to five trillion per year in dollars. In dollars initiate transaction,
Speaker 10: what is the market couple.
Speaker 3: Of bit coin?
Speaker 10: For God's sake, my brother, So I will leave that
Speaker 10: there for people who are smart to understand.
Speaker 3: Just keep guys.
Speaker 2: Lets let's let's let's let's do this right. Let me
Speaker 2: just go around the table. You guys would tell me
Speaker 2: which is your face with b T see you, I
Speaker 2: don't know. I don't want to use world recommend with
Speaker 2: b T C.
Speaker 10: You like.
Speaker 1: How much you hold up? Hold up, hold up.
Speaker 2: Hold up, hold up, and how you think folks can bite.
Speaker 2: Maybe talk to the Nigerian and talk to the guy abroad.
Speaker 2: Let me start with mister crypto. Tell me which one
Speaker 2: you like and how folks here can buy or how
Speaker 2: folks there can buy. Just let's let's do it that
Speaker 2: way themselftar one one is based the floor ahead.
Speaker 10: Thank you very much, mister Calu and those spaces basically
Speaker 10: rounding up. So first of all, I'd like to thank
Speaker 10: you because maybe after this I'll drop off and shout
Speaker 10: out to everybody on the space a Share, Lumide and
Speaker 10: every other person else. You know, we've had a bands
Speaker 10: of this wonderful platform because Bitcoin is finite, because it's
Speaker 10: the first ever cryptocurrency without Bitcoin that will never be
Speaker 10: the world blockchain or web three. So anybody trying to
Speaker 10: do any of that coins camp coins like pie and
Speaker 10: all those other things.
Speaker 3: Should know that Bitcoin rains supreme.
Speaker 10: Anything that has vcs behind them, anything that have investors
Speaker 10: and they pre mind it and they've already shared it,
Speaker 10: you can never get authenticity from that thing. But like
Speaker 10: the man that just spoke said accurately that anybody can
Speaker 10: mind bitcoin, so you can all get the share. We
Speaker 10: can all get their share because of these reasons, because
Speaker 10: types of bitcoin is bigger than our ngemia and Nira,
Speaker 10: because one bitcoin is now bigger than the US dollar.
Speaker 10: Don't forget you could use eighteen NIRA, nineteen Narra, one
Speaker 10: other party or one of the fourt sceinario in the
Speaker 10: black market to buy discoin between two thousand and nine
Speaker 10: and two thousand.
Speaker 3: Bitcoin.
Speaker 10: You could use one dollar to buy one thousand, six
Speaker 10: hundred bitcoins in twenty and ten. So any other jagons
Speaker 10: we are saying really don't matter. If you truly want
Speaker 10: to be wealthy, if you truly truly want to hold
Speaker 10: an asset and say it in the next four or
Speaker 10: five ten years like a banana island house in cyberspace,
Speaker 10: you want to get rich, if you want to be
Speaker 10: able to send money cross border without the stringent and
Speaker 10: all types of KYC wahala of even if it's KYC,
Speaker 10: but the stoppage wahalla.
Speaker 3: Of Western Union, Swiss money gram, et cetera.
Speaker 10: Cross border transactions among banks, the traditional banks.
Speaker 3: If you don't want your transaction.
Speaker 10: To be stopped, if you don't want to be censored,
Speaker 10: if you don't want anything that they share in the
Speaker 10: room and you're not a part of by bits going
Speaker 10: for your destiny, if you do not want anything to
Speaker 10: do with money that you will lose. I am categorically
Speaker 10: saying I am not giving you investments advice, really word
Speaker 10: advice based on what I have even done to an
Speaker 10: ex president.
Speaker 3: I've sold bits going to a poor man. I sold
Speaker 3: blits going to the woman.
Speaker 10: I've also sold been going to an expresident in our nation,
Speaker 10: in our country today. So do not Trump is not
Speaker 10: the first president to even learn about it coin an
Speaker 10: expertence that our country name with health is so I
Speaker 10: would just say for me, for me or lushap bach
Speaker 10: cold has liberateed me off privacy, and that is the
Speaker 10: business that I do. That is what the government man
Speaker 10: wants to take tempercents capital gain on. That is what
Speaker 10: n is discussing with the presidency.
Speaker 3: That is what Central is trying to take that position
Speaker 3: to the sec. You know, so if you look at
Speaker 3: the entire.
Speaker 10: Traditional market and the inflationary measures that has past, that
Speaker 10: dies our country Nigeria correctly ira the inflationary wars on
Speaker 10: all of the paper money on Earth. Go and check
Speaker 10: no data favorce any other assets shout out to SMP five, dred, nasdar,
Speaker 10: et cetera.
Speaker 3: None of them.
Speaker 10: None of them, including oiline gas and reallested it. I've
Speaker 10: done what's bitcoin has done in the last ten years.
Speaker 10: I'll rest my case here.
Speaker 3: Thank you very much?
Speaker 1: All right, perfect if I got your well bitcoin for us?
Speaker 3: Thank you?
Speaker 2: I mean, how can you address this question? What's you're
Speaker 2: looking at? If from when I drank out invest what
Speaker 2: should I have looking at? I mean, how can I
Speaker 2: get again touch this market? What's your locommodation?
Speaker 12: Yeah, typical angel likes likes click to and that's very nice.
Speaker 3: To evolve with technology. Bitcoin is a famous dicitar.
Speaker 5: Would like to sect you, I said, so a few
Speaker 5: pays aico. I personally feel that the context is how
Speaker 5: you are lo kid and watch your protection.
Speaker 12: So personally, for me, bigcoin doesn't offer so much for me.
Speaker 3: But I think if I want to have a trust,
Speaker 3: like if I'm like a.
Speaker 5: Close from my child or for things far ahead, I think.
Speaker 24: Biting show that it can be something I can really
Speaker 24: put into his strength components.
Speaker 3: You know. For me, I I also understand the.
Speaker 12: Fact that I have to look at the risk, I
Speaker 12: have to look at opportunities and have to look at
Speaker 12: my disposable so Nigerian's you know. For those that are
Speaker 12: know anything so much, bit client has open opportunities.
Speaker 3: Just like that because I don't do by investing.
Speaker 12: You know, a cuient knowledge can give you intellegeral capacity
Speaker 12: to write, to begether analyst to do a lot in
Speaker 12: the good system. There's so many that you are working
Speaker 12: in the block chain space heading for effects, you know,
Speaker 12: and that's one where you can tap into.
Speaker 5: And for those that you know you're looking at being exposed,
Speaker 5: you just have to understand that.
Speaker 12: You know, me, I'm not a personal cause price because
Speaker 12: I try not to be propet.
Speaker 3: I tried the market to be decided.
Speaker 12: The market looks like it's correcting, and it seems like
Speaker 12: you dram around the drump Traitarius would keep going on.
Speaker 12: So definitely became as we hit some lose, but you
Speaker 12: know you can't pet against their set class.
Speaker 5: You know, something that you must have a long them overview.
Speaker 3: And I think.
Speaker 12: Finally, I think it's something that you should start upplying with.
Speaker 24: I think where most dangerous meeting in the bitcoin spaces
Speaker 24: the loaded capacity, because that has we he brought in
Speaker 24: people's intellectuality that has really amplified. And you know I
Speaker 24: got some jobs just because I had the exposure in
Speaker 24: the crypto space, you know, so not those traditional markets.
Speaker 5: Also understanding our bitcoing and what value.
Speaker 12: Previous to the space can also make a difference, you know,
Speaker 12: differer government is.
Speaker 3: Took at crypto so differently.
Speaker 5: People are going to have crypto accounters.
Speaker 23: We're go have cryptodalyist, We're going have cos, We're going.
Speaker 12: To have crypt expers being employed, you know, so crypto lawyers.
Speaker 11: So the space is white things.
Speaker 23: So you can look at your strength and becouse that.
Speaker 23: On that note, I would say that not other glitters
Speaker 23: in school, uh me a bit of mistakes space, and
Speaker 23: all the mistakes I.
Speaker 12: Mean in the space was that I looked at the
Speaker 12: crypto like stocks, so I had the very protainview.
Speaker 3: In different class. But I think the last few years
Speaker 3: I've left that it was like pitchcoin. I think i'd
Speaker 3: be like bitchcoin. Nothing would be like and it's can
Speaker 3: will always be pitchcoin. Thanks.
Speaker 2: Calondon said, if you if you knew what you knew
Speaker 2: now to you as ago, you would just put more
Speaker 2: money in bitcoin.
Speaker 12: No, but if I knew what I knew many as
Speaker 12: you call, I'll invested in bitcoin.
Speaker 1: Only in bitcoin, gotcha?
Speaker 3: All right? Perfect yo, everybody give up to me the
Speaker 3: roundable class man. I'm going to record this space and
Speaker 3: play for some mother buters you don't believe.
Speaker 1: Be easy if you know, want to be there.
Speaker 3: Very well that you know canto space.
Speaker 10: These guys spinds a lot of people, so pay attention
Speaker 10: to the things they're saying. Don't care if somebody's like
Speaker 10: all of me. They can say that I don't know
Speaker 10: what you're thinking. Not investment advice.
Speaker 1: But don't don't quote amit out of context to That's
Speaker 1: all I'll say.
Speaker 10: I'm not quoting him out of context. But you know
Speaker 10: it's just being patron about it, honestly, because it's about
Speaker 10: this coin, about the facts, gotcha.
Speaker 1: Do you have any recommendations or anything you're looking.
Speaker 31: At Yeah, I would say it has already been established
Speaker 31: that Adrians love you to return, so that has drove
Speaker 31: us to crypto space over the last decade.
Speaker 3: For everyone's on her own.
Speaker 31: So just pay attention to the market, pay attention to
Speaker 31: your investment goal. That has to be your number one thing,
Speaker 31: right because we hear a lot of bad news every day.
Speaker 1: Mention particular name, Yeah, bitcin.
Speaker 3: Remains that then, of course. Honestly, but I think I've
Speaker 3: always had good preference for Italium because of the impact.
Speaker 3: Is it's going to have a web three? Yeah, but
Speaker 3: I think a bitcoin still remains it.
Speaker 31: In my only day with bitcoin is the fact that
Speaker 31: if if there's any news in America, imagine the country
Speaker 31: is so invested in bitcoin and a present in America, say,
Speaker 31: and it's going to affect all of us.
Speaker 3: It should have been the case. Our countries has to
Speaker 3: be divorced of economic in practices.
Speaker 1: Say was DeFi remember that DeFi.
Speaker 31: Yeah, yeah, it's still it's still define all this one
Speaker 31: this all this current itial MA directors still under adan.
Speaker 3: Just just do your thing, but just look at your
Speaker 3: investment to go.
Speaker 1: That's just what matters got you guys up.
Speaker 2: Let me see it's mister, would you have any recommendtions
Speaker 2: real quick, I'll get to your doors. Any any any
Speaker 2: quick recommendation for us to take onway.
Speaker 26: I have always been of your opinion that don't invest
Speaker 26: in anything that you don't have a conviction about, right,
Speaker 26: So uh, I will.
Speaker 3: I think my thought I've always been like big point
Speaker 3: and for.
Speaker 26: The reason that I think it is antithethical to centralize government.
Speaker 26: So like I said what I was in earlier about
Speaker 26: it being maybe a sound form of money, right, and
Speaker 26: I just see future personality that. I mean, I'm happy
Speaker 26: that business guy that was it myster Eric when he
Speaker 26: was talking about how you could like buy playing for
Speaker 26: stuff with bitcoin in in places in Canada.
Speaker 3: That is the future. That that is something that would
Speaker 3: become more jubing and over the time.
Speaker 26: Over over, over the long f right, I do see
Speaker 26: that future. Pcoin in itself gained so much avalue that
Speaker 26: what people actually spend it sucks, right, and things will
Speaker 26: be denominated in sash the thing. So but but again
Speaker 26: understand the fundamental is that something do you believe in
Speaker 26: that If you do believe in that, I think it's
Speaker 26: something that is worth investing in. Other assets like eterium.
Speaker 26: I used to be very conditional material, but I think
Speaker 26: the space has become that particular ecosystem have become very
Speaker 26: uncertain in recent times, kind of not directionless, so trying
Speaker 26: to figure out where.
Speaker 3: They want to go to.
Speaker 26: But the reason I was built bullish on ethereum that
Speaker 26: I'm going to share I just in case we see
Speaker 26: there are any other ecosystems that you feel like a
Speaker 26: fits into that.
Speaker 3: I saw ethereum as like that is realized it.
Speaker 26: Decentralized world computer so to speak, where you can build uh,
Speaker 26: decentralized application application that every day people can use, right,
Speaker 26: And but the way you access that ecosystem is true ethereum.
Speaker 3: So you when you were talking about generating income and
Speaker 3: all of that, like that is.
Speaker 1: We're to round up ste with what had to go.
Speaker 3: All right, great, yeah, so so just to like ground
Speaker 3: it up.
Speaker 26: So those those are like my two really my two
Speaker 26: spaces for both Big and that crypto, so bigcenty of
Speaker 26: investing in it because you believe in the fundamentals of its.
Speaker 3: Being a stronger form of money and yeah, I'll just
Speaker 3: give it, thank you.
Speaker 2: All right, perfect, Let's get a two metrical that would yeah, yeah,
Speaker 2: magical work, real quick, really quick.
Speaker 1: That's one of the recommendations.
Speaker 3: Yeah, real quick, yeah, real quick, realpy.
Speaker 20: The US government established a crypto Strategic Reserve.
Speaker 3: This were the terms used. No, no, no, please, don't
Speaker 3: pass the wrong information.
Speaker 10: It's not cryptocation, you have to it's it's quite strategic.
Speaker 3: With that, please, then why is why is it? Why
Speaker 3: is it? Why is to learn? There is no where
Speaker 3: going to the next. Let me post it to the next.
Speaker 10: You have already executives information.
Speaker 3: Allow me to make my submission.
Speaker 1: Now.
Speaker 20: The reserve encompasses the variety of cryptocurrencies.
Speaker 3: I don't know here this one, I don't know.
Speaker 11: I'm not here.
Speaker 3: If it's called bitcoin, I'm not here. If she called
Speaker 3: it coin.
Speaker 1: So let's just let's just get your recommendations at time
Speaker 1: it's going. That's speak compation.
Speaker 20: Is this join the three and when it's in the beginning, No,
Speaker 20: when it is over, yen. If you wan't going to
Speaker 20: bitcoin now and you are not in bitcoin a long time,
Speaker 20: it goes. If you cannot buy one bitcoin now, if
Speaker 20: you can buy two bitcoin one bitcoin now, if you
Speaker 20: buy if you tell a manet two months to buy
Speaker 20: bitcoin of hundred narra and it appreciates you with five percent.
Speaker 20: How much is five percent of hundred nerr? But when
Speaker 20: you have the money to buy one bitcoin or two
Speaker 20: bitcoin today and it appreciates by ten percent, you have
Speaker 20: some you knows tangible.
Speaker 3: Money traditions that you can as well. Okay, I'm forgetting
Speaker 3: by network.
Speaker 20: It was also lost in the US, but time for professors,
Speaker 20: so that came. See that knew your customer that bitcoin
Speaker 20: not they have that he did with more different realization
Speaker 20: by network.
Speaker 2: That's the name of the coin of the cryptoad one
Speaker 2: is a l one crypt is really a one.
Speaker 1: Cryp to Okay, gotcha? All right, perfect, let's get no
Speaker 1: information real quick.
Speaker 3: Go for it.
Speaker 1: I had a doing So I think about it this way.
Speaker 23: There are productive assets and there are non productive assets.
Speaker 3: Right, it's just as real estates.
Speaker 23: It's not productive, but it can track could be valued
Speaker 23: from money over time. Similarly with good sima not so
Speaker 23: so much, but the same the space.
Speaker 3: That's how this coin is. Right, So.
Speaker 1: You don't really need to do much thinking for you to.
Speaker 3: Understand bits goin.
Speaker 23: If you understand good, you understand bits going So I
Speaker 23: recommend bitcoin, just recommend good and I'll say it starts
Speaker 23: with good before you go to biscoing. If you're just
Speaker 23: starting out, then if you want to look at the
Speaker 23: other crypto currencies, those are mostly things like Maeterium, Solana.
Speaker 23: They are productive assets. You know, they're not just currencies
Speaker 23: meant to exchange. There are also platforms meant for building
Speaker 23: things right, and there are.
Speaker 3: More active projects.
Speaker 23: So just as you go into productive as a classes
Speaker 23: like stocks until you understand them perfectly, understand what this
Speaker 23: company is doing, you don't go into productive crypto assets
Speaker 23: like Itterium or Solana and you understand what they're doing
Speaker 23: full very well, and then you need more to discuss
Speaker 23: more people who use those.
Speaker 3: Classes of clipture assets.
Speaker 23: So it starts with a non productive once they're safer
Speaker 23: started gold thiss coin. But then if you're feeling adventurous,
Speaker 23: I think it's Romance, sol and has been that their
Speaker 23: platforms for building is on. We become more valuable with
Speaker 23: the future, but know this space very well and do
Speaker 23: more research on that.
Speaker 3: That's what I would say.
Speaker 23: There's more I would have said earlier. This space wasn't
Speaker 23: already closing, but I'll live it.
Speaker 1: At that all right.
Speaker 20: Pressure that I apologize I sent you, I sent you,
Speaker 20: Please all right, I would say that Pie is free
Speaker 20: to mind Pie. It's free to mind pie. Nobody's good.
Speaker 20: And that was our bit coin started. It was free
Speaker 20: to mine pit coin. It doesn't it took more energy.
Speaker 20: When you take your bill, the bill, you see that
Speaker 20: you're mining bitcoin. But Pie you can mind by with
Speaker 20: your phone. It's free to mine it.
Speaker 3: It's also credible boys, free to mind it. And that's
Speaker 3: where you're becoming in.
Speaker 20: Mid That was how people accummulated bitcoin, to the point
Speaker 20: that even if they would have sued, I think we
Speaker 20: would have told one thousand two.
Speaker 3: Huge talk from the mining.
Speaker 1: I got you, all right, Eric.
Speaker 3: Cal Of, thank you very brief.
Speaker 5: I think we're in the rail wed space now in
Speaker 5: the industry, and just two.
Speaker 3: Bitcoin is the only.
Speaker 12: Asset in the assets class that has been legalized.
Speaker 3: So the conflation between Bitcoin.
Speaker 29: And the cryptal as an asset as an asset class
Speaker 29: is sure to be there, and.
Speaker 3: Many people are making a mistake. But Bitcoin is the.
Speaker 11: Only true name in the crypto as I can recommend.
Speaker 3: It to learn, I can I recommend the theorem.
Speaker 11: We read all the white papers, we know.
Speaker 3: When it comes to it, when it's a crash, all
Speaker 3: of them go down.
Speaker 29: At the same time, Bitcoin is the only name I
Speaker 29: can recommend for you, and just to be just to
Speaker 29: open the assets class discussion is important.
Speaker 3: For really the history of other asset class is good.
Speaker 30: Lest no matter what name you call, they are trends
Speaker 30: and they are right historical context. Bitcoin is very fifteen
Speaker 30: years is very history of assets classes.
Speaker 3: Thank you very much.
Speaker 1: Perfect. So everyone is Bitcoin. Let's get.
Speaker 3: Riddle?
Speaker 1: Yeah, riddle, go go ahead, yeah, good evening everyone real quick.
Speaker 32: So personally, I see bitcoin more as a store of value,
Speaker 32: and probably if I would like to preserve.
Speaker 3: Some capitals and cash, I can just put it into bitcoin.
Speaker 32: But I don't see it as something that would take
Speaker 32: me out of poverty. I would have said it if
Speaker 32: it were like ten eight years ago. Bitcoin is currently
Speaker 32: very very expensive, and if I'm looking to like investing
Speaker 32: bitcoin and get back a good sum in a few years,
Speaker 32: it to be very hard because I can compare the movements.
Speaker 3: Of bits grain when it was when it's moved from one.
Speaker 32: Dollar to over eighty thousand dollars now comparing it to
Speaker 32: if it's going to move from eighty thousand to one
Speaker 32: hundred and sixty thousand, two hundred and fifty thousand. It
Speaker 32: to take a lot of money below of liquidity to
Speaker 32: be pumped into the system to.
Speaker 3: Attain such amount of gain.
Speaker 32: So there are other crypto assets you can actually investing
Speaker 32: if you are looking to get yourself out of poverty
Speaker 32: actually and it is not a real gets rich quick scheme.
Speaker 32: The same way bits Going started like ten fifteen years ago,
Speaker 32: is our eighty rum started in twenty fifteen, and we
Speaker 32: have seen the grow over Tyrum from Saints to over
Speaker 32: four thousand dollars at all time. I so Lana grew
Speaker 32: from mere sense to over two hundred and ninety dollars
Speaker 32: all time. I and this Etherium and so Lanna are
Speaker 32: crypto assets that have done really really well over time
Speaker 32: because these assets can they have use cases, like the
Speaker 32: people have reasons like to buy them, and this demand
Speaker 32: in these assets has helped them to gain a lot
Speaker 32: of value over time. So there are so many assets
Speaker 32: in crypto assets you can actually invest in boats. You
Speaker 32: have to be very care because the the this piece
Speaker 32: generally is not really stable to lead level where you
Speaker 32: can easily invest in these assets and give your two
Speaker 32: eyes closed. Because five six years ago the cryptos that
Speaker 32: were like put on crypto market cup and Nogay to
Speaker 32: be fun today and we are still going to say
Speaker 32: the same for most of the like trendy crypto.
Speaker 3: Assets in the next to three years.
Speaker 11: And this space is.
Speaker 32: Evolving, ands are coming in every day, all right.
Speaker 3: I'm just going to round up.
Speaker 32: This space is evolving and we see different innovations every day.
Speaker 32: Different hel to el ones are launching every day, so
Speaker 32: people move.
Speaker 3: People tend to move to the new shiny things.
Speaker 2: Thank you, all right, perfect. I think it's been been
Speaker 2: a great session we've had for the last three hours
Speaker 2: we have. We've been here for three hours, guys eleven
Speaker 2: tours with late nighter now, so I mean we've heard
Speaker 2: from the Maximus, the folks that wants crypto or nothing.
Speaker 2: We've heard from the guys on traftional side, we heard
Speaker 2: from guys in the middle. So essentially this world were
Speaker 2: intended just to give you a read out of what's
Speaker 2: going on the world in terms of crypto. I think
Speaker 2: on Monday, I think there's a gentleman that's going to
Speaker 2: do an interview you based on that is a meeting
Speaker 2: with Trump and on the Bitcoin Council and all that
Speaker 2: important interview to watch on Monday. But The long and
Speaker 2: short is that this the bitcoin space, the crypto space,
Speaker 2: digital asset space, even the movement coin space has changed,
Speaker 2: regulation has changed, so value has been added and removed.
Speaker 1: If you're use you want to use those those terms,
Speaker 1: and of course you help not look.
Speaker 2: At the neuality that this is a serious as a class,
Speaker 2: something we should invest in according to our risk profile,
Speaker 2: according to our objective. Like I said, take a look
Speaker 2: at it and bring out a percent two percent and
Speaker 2: say it's something you can put money aside and see
Speaker 2: how it goes. You know, don't do too much. If
Speaker 2: you're maximist, that's fine, but don't do too much. You
Speaker 2: must always specified across board and then see where this
Speaker 2: takes us to. Still still early days, still early days.
Speaker 2: But I believe that in three years time, the market
Speaker 2: today will not the billing market that will finan true
Speaker 2: your time. So it might be a chance if it's
Speaker 2: at a discount today, to get in. If it's not, hey,
Speaker 2: there's always something that's gonna come down the world. So no, no, rush,
Speaker 2: don't rush, don't borrow to do this. If it's your
Speaker 2: free capital, see if you can get some exposure and
Speaker 2: you can wait. I don't like borrowing, to buy or
Speaker 2: to take a chance on something. So thanks to everyone
Speaker 2: that has joined, and I PreTect you guys for being
Speaker 2: here and to educating us. I've also been educated that
Speaker 2: I've listened a lot and I've learned a lot, taken
Speaker 2: a lot of notes as well. And I hope you
Speaker 2: guys do enjoy your week coming up in Nigeria and
Speaker 2: wherever you're listening from. I will be here again next week.
Speaker 2: No more daylight savings time. We might take it back
Speaker 2: to seven pm or we'll see so noo, guys. Thank
Speaker 2: you so much, guys, I enjoy your week. Keep it simple,
Speaker 2: keep it very simple when you invest, and you can
Speaker 2: never lose out. Have a good one and buy