Speaker 1: And having the United States be a leader in crypto,
and I think that that happens, that is going to
generally bring a lot more people. I think over the
last four days, we've had hundreds of millions, if not
billions of dollars and millions of people onboarded into crypto
in a way that no one's ever seen even with
an outside of even bitcoin.
Speaker 2: You know, with this meme quin, you.
Speaker 3: Are listening to Carrie Lutz's Financial Survival Network where you
get valuable information you just can't find anywhere else to
thrive in today's trying times. You need the Financial Survival
Network now more than ever. Go to Financial Survivalnetwork dot
com and get your free newsletter and gift. Financial Survival
Network now more than ever.
Speaker 4: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Leutz. Well, I am
back from Vancouver from the Vancouver Resource Investment Conference. Very
upbeat crowd gold, the miners taking off, but nonetheless the
talk of the town is crypto, especially the Trump coin
and then the not to be outdone, the Milania coin.
And Dan EVAs is here with us. Now you've been
on here before. Dan meme coins, meme stocks. What is
going on here? I mean, right now as we're speaking,
Bitcoin is back over one hundred thousand dollars? Is it
heading to ten million? Are we going to have a
strategic bitcoin reserve? And not the least of which russ Aulbrick,
founder of a Silk Road, has been I don't know
whose sentence was commuted or if he was pardoned, but
he's out of jail exactly.
Speaker 2: That's of yesterday.
Speaker 1: Yeah, I mean, I mean, I think you and I
talked a little bit after the Trump election in November.
Since then, we've had just a tremendous amount of things
that even I would anticipate. You know, I didn't think
that Trump was going to launch his own meme coin,
but you know, I do think that the administration is
signally how they're going to treat crypto, how they're going
to treat AI. And you know, Trump launching his on
meme coin two days before he has inauguration is is
a reflection of what the administration has in store for
the next four years. And so I think that, you know,
financial clarity will come to the crypto markets. If you
look at the appointment of who the new SEC chair
is that is a new crypto task Force is being
in place. And in the past, the way that Gary
Gensler treated this task force was really around enforcement. This
one will really be about, Hey, here are the guidelines
of how this space is going to play. And I
think that you know, Trump and the administration is really
focused on creating the United States as a financial leader
and haven for crypto companies, and that's where we're going
to see this modern day gold rush in crypto and
AI and so I I think that's kind of what
we're seeing here.
Speaker 4: Garry Well, I'm going to take it one step further
than you. We've heard a lot about the bricks more
countries joining. Indonesia just joined it, and PRIs. They're basically
their theme is proposing a replacement to reserve currency to
the dollar. It will be forty percent backed in gold.
I mean, personally, I don't believe it can work because
India hates China, Russia is not happy with China, China
is not happy with Russia. And Brazil their economy has
been a joke. I mean, all of these countries, their economies,
even though ours has not been spellar but there's economies
for the past ten years have been in the gutter
China imploding all these things. So I think it's an
acknowledgment the day of the dollars dominance is over, but
we're going to have a replacement for it that somehow
the US will be responsible for and that will stop
an implosion of the or it's an attempt to stop
an implosion of the global economic world order.
Speaker 1: Yes, And I think that that's why the bitcoin reserve
makes a lot of sense. Right, if there's a unified
currency across the world, but the US is the first
mover in creating a strategic bitcoin reserve, it's somewhat can
get us back to the gold standard, right that we
saw in the seventies and so on.
Speaker 2: So I think.
Speaker 1: That that's the thesis behind being able to own five
percent of the overall bitcoin network. And if the US moves,
you're going to have other countries that are going to
likely move as well, and that will then somewhat still
allow the US to take that. You know, it moves
away from the dollar, but it still impacts the dollar,
right because the.
Speaker 2: Bitcoin value would still go up.
Speaker 1: And so I think that that's one of the most
interesting things that we're going to see if that actually
is going to be implemented. And then the other secondary
one is around this concept of not taxing gains on
US based cryptocurrencies. A lot of rumors and a lot
of speculation around that. If you see what's happening, there
is some merit to this. I don't know if it
will happen this year and how it will happen, but
you can see that the administration is very focused in
bringing the leading companies of the world to the United
States and having the United States be a leader in crypto,
and I think that that happens that is going to
generally bring a lot more people. I think over the
last four days, we've had hundreds of millions, if not
billions of dollars and millions of people onboarded into crypto
in a way that no one's ever seen even with
an outside of even bitcoin, you know, with this meme cooin,
you know all these Trump supporters that are buying it.
So it's been just a really crazy ride I think
for the crypto markets over the last like two or
three months.
Speaker 4: And I will direct your attention to the fact that
as of January of this year, the US is still
holding two hundred thirteen thousand and change bitcoins that are
currently worth around fifteen billion. Yes, so they've already got
the makings of it. I mean a lot of this,
you know, I'm against civil asset forfeiture is a general rule,
but a lot of this came from the holdings of
the Silk Road marketplace, which means that russ Albrick had
fifteen billion dollars, which is probably equivalent of about fifty
million when they took it. Yeah, you know, so we've
already got the makings of it, and you know, I'm
just my question, Dan, is this what role does gold
play in a crypto based currency, crypto based world. Is
it just a barbarous relic or is there a use
for it?
Speaker 2: You saying gold in terms of the original asset, I.
Speaker 4: Think hard asset gold like gold you can hold in
your hand and you can fight the Yes, Darvin, it's authenticity.
Speaker 2: Yeah, so I.
Speaker 1: Don't think that I don't I don't necessarily think that
gold is going to go anywhere. I mean, if you
kind of look at the boomer generator, like the older
generation is still very much invested in gold.
Speaker 2: I mean, gold is an uh, I don't know, eighteen trillion.
Speaker 1: Dollar or so market whereas you know, bitcoin is uh
maybe sub two trillions still maybe at this price it's
at two trillion, but we're talking about one in one
tenth of the approximate overall market cap of bitcoin versus Goal.
And if you think about the growth there of what's possible,
I mean, I think that Bitcoin is going to grow
substantially faster and more especially given it's the kind of
like the digital version of that gold. If you also
think about the millennials, the you know, Gen X, the
Gen Z, are they more likely especially the Gen zs
and millennials that are now going to become you know,
that large, a very large part of the economy, and
a lot of that wealth transfer is going to go
from boomers into millennials and so on.
Speaker 2: As you know, the generation's pass.
Speaker 1: Are they more likely to buy bitcoin or are they
more likely to buy gold? I still don't think that
the goal is going to go anywhere, but it's not
going to have that same growth curve as bitcoin, right,
So I do think that those will be assets that
people will continue holding. And I think that you also
can look at really interesting stuff and I think this
actually happened after our last conversation carry in November where
China struck some huge gold reserve. It was like eight
hundred billion dollars worth of gold or something, and then
just kind of came out of nowhere. And so suddenly
you have this thing where the supply of gold, the
overall market at that time was maybe eighteen point eight
trillion or nineteen trail, whatever it is, and then suddenly
someone finds eight hundred billion dollars worth of gold. So
what happens The price of gold actually goes down because
there's more supply. With bitcoin, that can't happen, right, You
have a finite supply of bitcoin, and it will only
be more expensive and harder to mind over time. And
so I think that that's also one of the characteristics
that you see these ETFs and you know, the black
Crocks of the world talking about that that just can't happen,
you know what I mean? And so I think that
those are the how I see both of those playing
out in the in the market and the future goal
versus bitcoin.
Speaker 4: All right, well, hey, so what what's your take on
the on those coins? Though like instantly the Trump coin
was worth thirty billion dollars, I haven't looked to see
what it what it's going to be now, but you
know what it's rating at now, but pretty shocking. Yeah.
Speaker 1: Yeah, I saw when it came out and within the
hour it was I saw it when it was like
a dollar or two, and then it went to like
seventy five and in the next forty hours after.
Speaker 2: So I think the way to think about meme coins,
I think it's a it's a hard I remember when
I first saw.
Speaker 1: The first means and I didn't really get it personally,
you know, I thought it was more of a joke.
And and and there is a component of that that
is true.
Speaker 2: It's kind of like speculation.
Speaker 1: But what you're what are you buying when you're mean point,
you're not really buying the utility of the coin. There's
not really a utility. But you know, it's it's sort
of like a cult. It's like belonging to something. It's
belonging to the club. Right, So I'm amento of his victory, right, yeah, exactly.
And I think even if you remove like Trump from
the equation, you know, think about the college you went to,
you like you're loyal to that college, or think about
a fraternity you're joined, or a club you're a part of,
you know, or a brand that you wear. It means
that you are a part of something. And I think
that that's what mean coins really are. And so people
get around that. And I think Trump, you know, he
is one of the people that have been able to
move such a large amount of people than the ation
that back what he's doing, and it makes sense that
this Trump Mean coin would explode, right, And so I
think that that's kind of what you're going to see
with these meme coins in the future. And then people
are somewhat gambling into these things, you know, the value
going up, but it's it's somewhat of kind of what
happens in the trading card market, right, certain things get hot,
then people sell it, and that is what it is,
you know, and that people are making their money on that.
So it's interesting to see though that they launched it,
and I think they will provide guidance and that's going
to be one of the most interesting things that we'll
see in this market in this coming year.
Speaker 4: Yeah. So it's like you can buy a Maga hat
or you could buy a Trump mean coin.
Speaker 2: Yeah, right, one's resyllable, that's not so.
Speaker 4: Yeah, So when we look forward to when we have
this conversation next January, where do you think crypto is
going to be? Then it'll be integrated into the US
financial system along the current lines that it appears to
be starting.
Speaker 1: I think that crypto will continue to have an upward momentum,
and I think that bitcoin, I think it will play
a larger and margin role. If you look at the
appointments that are being made, they are all pro bitcoined
holders or pro crypto holders in general, not just Bitcoin.
Speaker 2: There's other all coins that are there as well.
Speaker 1: And I think that if you haven't still gotten into
this market in some where you're diversifying at least you know,
two to five percent of your of your you know
money that you would invest into this asset class, it
would be foolish because you know the government. I mean,
if you look at you know, his mean poin asign.
Look at World Liberty Financial Right. World Liberty Financial is
Trump's DeFi project. It raised hundreds of millions of dollars,
but is a dfive project. And over the last three
days they bought I think it was they bought forty
seven and they kind of wanted to make it commemorative
to his presidential nations. So they bought like forty seven
billion or forty seven million dollars worth a bitcoin, four
point seven million dollars of all these all coins a
bunch of eighth and so, you know, would they be
doing that if they didn't think that crypto is going
to play a big part in this. So, I mean,
the signs are all here, you know, and this is
like one of those moments in time. What I've been
thinking to myself over this past weekend, not only as
a founder of a company but also just be in
the space, is what would I wish I'd known back
in twenty seventeen, twenty eighteen when this crypto market were
just starting to boom that I didn't do And how
can I really think about that and how my business
is going to be impacted or how my financial future
is going to impact it in this regime and or
this future that we're kind of getting into now.
Speaker 4: All right, well, I think we'll leave it at that,
but definitely interesting times ahead. Dan. How do we find
you on the web? How do we connect with you?
Speaker 2: Yeah? You know, my Twitter is at nevias Underscore AI.
Speaker 1: You can also check out our company at Modemobile dot
com doing a lot of stuff in the consumer space
and also in the web three space for everyday consumers.
Speaker 4: Excellent. Appreciate that I've got a question for Dan myself.
Shoot me an email kl Atcarrielets dot com. You'll find
a link to Dan's site in the show notes this
interview on Financial Survival Network dot com. We just asked,
while you're there, please sign up free free newsletter subscription.
Like sixty five thousand other FSN members have Dan a pleasure.
Thanks for stopping by.
Speaker 3: Thank you so much, Kerry, Thanks for having me, Thanks
for listening to Carrie Lets's Financial Survival Network your solution
to today's trying times. For the latest, go to Financial
Survivalnetwork dot com. Financial Survival Network now more than ever.