Speaker 1: When people say, hey, Trump is pro crypto, that means
he's also a pro business. And so what you're going
to see is the banks, you know, start a sifting crypto.
You see Visa MasterCard, even life insurance. You know, there's
life insurance policies that are starting to be developed, you know,
for you know the same way that we can become
our own bank with whole life insurance. You're starting to
see policies that people can put in bitcoin and borrow
against it of a death benefit.
Speaker 2: You are listening to Carrie Letz'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
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host Carrie Lutz Well got a
special guest on with us today. You're definitely going to
want to hear from him if you were into crypto trading,
if you're looking to invest in crypto and figure this
whole thing out. He's the guy to go to Jamar
James and Jamar. Your website is dcgelite dot io and Jamar.
So let's just talk about overall crypto. Where is it
at now? Where do you think it's heating?
Speaker 4: Man? It is in a great space, and thank you
for having me.
Speaker 1: But you know, overall crypto market is in a space
of his spansion. You know, we waited for this year.
You know, we consider it mass adoption. You know, they
we've been talking about massive adoption for the last five years.
But you know, having an incoming president that supports it,
in a government that is getting behind it and talking
about a Bitcoin Strategic Reserve, I think we're in a
space of expansion and you know there's still a huge
opportunity with the onboarding.
Speaker 4: As you see Wall Street has entered the building.
Speaker 3: Yeah, oh that it has.
Speaker 4: That it has.
Speaker 3: And wall Street, you know, Wall Street fought this tooth
and nail because Wall Street's just the middle man when
you get down to it, and the big banks, you know,
make tens of billions of dollars a year being intermediaries,
whether it's swapping currencies, trade currency, whether it's uh, you know,
whatever it is. Anything they do, credit card processing.
Speaker 4: All of that.
Speaker 3: You know, they they have invested vast sums and they
saw cryptos initially I guess as a threat, right, but
now they're they're all in, Well.
Speaker 1: They saw that, they saw it as disruptives, you know,
taking you know, market share, But now I think they
see it as opportunity. And the opportunity when he incoming administration,
you're saying that there's money to be made and it's
another asset and people are you know, they're going to
have an opportunity to capitalize on retail and so you know,
I think when you see Wall Street Internet building, you
see the.
Speaker 4: Opportunity in the future.
Speaker 3: Yeah, and it's yeah hard costs, Like how much does
it cost to set up an exchange for Wall Street?
It's you know, a few million bucks. It's mini school.
How much does it set You know, they can probably
use AI to set up an ETF in a week.
They just have to get the approval. The thing is
they've got the ability to get the regulatory approvals and
to actually have the platform to push it out. For
whatever reason, most people in the country still trust Wall Street,
you know, trust right, they trust them. I mean they're
holding your stocks, they're holding your money.
Speaker 4: I think we charge Wall Street more than the government
at this point, you.
Speaker 3: Know, you are unfair for good reason, right, all right,
good reason. Uh yeah, so Wall Street can can move
for the mountains necessary to do this. And now Trump
coming in, you know, he's already said that, uh, he's
pro crypto and wants to do a strategic bitcoin reserve.
So off to the races here.
Speaker 1: Well, and when you when people say that Trump is
pro crypto, that means he's also a pro business. And
so what you're going to see is the banks, you know,
start accepting crypto.
Speaker 4: You see Visa MasterCard, even life insurance.
Speaker 1: You know, there's life insurance policies that are starting to
be developed, you know, for you know, the same way
that we can become our own bank with whole life insurance,
you're starting to see policies that people can put in
bitcoin and borrow against it of a death benefit. And
so that's a you know, that's a big thing that
you know, you don't have to sell your big coin.
Speaker 4: At this point.
Speaker 1: When you can start geting life assurance and needs different
investment vehicles that are integrated with crypto, it opens up
an entire new market in new.
Speaker 3: Opportunities that's pretty amazing. I wasn't even familiar with that.
So Wall Street's got the most to gain. They no
longer view it as a threat. They view it as
a necessity, and they're all racing to get in on it.
Pre call. We're talking about companies, huge companies issuing their
own coins, like what Meta tried to do before the
current administration put the cabash on it. They were going
to pay all their vendors in their own coin and
allow people to purchase their services with their coin. And
I wonder how long it's going to be before that
comes back on the table and you start to see
Tesla and Microsoft and Google and everybody issue their own coins.
Speaker 1: So I don't think the government has a problem with prioritizing,
you know, incentatives. You already have customer rebates and you
have rewards that people can cash in. But the real
issue is with collecting income in tax and taxes. And
so I think the structure of you know, how do
you collect the taxes on gains and profits or was
the big obstacle. And I think as we move into
this next year, you know that's going to have more
clarity around it.
Speaker 3: Yeah, they're going to force everybody to use exchanges. They'll
try to dissuade the use of wallets, right, and maybe
they'll be tracking built in with these new currencies so
they can track your wallet. I don't know what they're
going to do, but you know, the government, Uncle Sam's
got to get his cut right, right anymore.
Speaker 1: And that's why I think you know stable coin, u STT, Coinbase,
the Gemini, all the approved of changes in America. You know,
we're already kind of embedded with the government, and so
they try to minimize the orn raps and ensure that
everyone's license that are offering crypto or any type of
orn rap.
Speaker 3: Yeah. New York State, to its credit, was one of
the first states, first governments anywhere, to actually come up
with a crypto regulatory scheme. But that's going to have
to evolve because, yeah, you can track everything, but crypto
moves at the speed of light, and you can have
accounts any place, anywhere. It's going to be difficult for
the government to track all this down.
Speaker 4: I think nine.
Speaker 1: I mean, if you realized a few years ago, coin
based had body chain analysis company. So once you get
crypto and once you have a is on a blockchain,
it can actually be tracked from one while it to
the next. And so you know, it's almost like the
paper trail is actually easier in crypto.
Speaker 4: And so as long as you know you.
Speaker 1: Have one person that has going through KYC and AML,
they can actually follow that chain.
Speaker 4: And that's what the entire blockchain is about.
Speaker 1: It actually gives you less more transparency on every transaction
and where that crypto is done.
Speaker 3: I wonder if a country will come up and become
the Switzerland of crypto quicker. Nobody gets traced, no matter what.
Nobody can be traced, right, that is.
Speaker 4: Something that the government will not allow. You know.
Speaker 1: In the last twelve months, you know, while it's like
Samurai wallet, you know, all the privacy coins have been
under attack, and I think right now the IRS has
a bounty on Minero that anyone who can crack it,
crack the coal and get inside Maniro. They they have
something like a bounty of five million right now.
Speaker 3: Really, so Monaro is the one that they can't They
can't track now.
Speaker 1: They can't they can't crack. No, they don't have any
visibility into it.
Speaker 3: All right, So there you have it. What's Benarrow training
out these days? You tracked it lately.
Speaker 4: I think it was.
Speaker 1: It was actually only is only recovery roll right now?
And checking the price. Last I checked, it was like
one eighty See where's.
Speaker 3: At Yeah, yeah, one ninety three eighty four as we're
speaking today on January seventh, So and it's you know,
you look at it. It's had a pretty decent move,
not quite as good as as bitcoin. It's down over
the past month. So where's bitcoin heading? I saw a
ridiculous forecast eight hundred thousand by the end of the year.
Speaker 4: Oh man, that's it happens. I don't think is that
I say one eighty to two hundred thousand.
Speaker 3: I think one thirty five to one fifty crash, all right.
It's a little different now to predict the peaks and
the crashes. You know, I could never predict the lows,
but I could always see the highs, you know, nineteen
thousand and seven hundred back in what was at twenty seventeen, Well,
it's seventeen. I nailed it to the day, and then
two years ago sixty seven seven, and that's after it
crashed from there. I didn't get in early enough. I
think it was down to fifteen thousand or eleven. It
really went down a lot, so you could see an
eighty percent crash, especially now because the other thing that
Wall Street can do better than anyone else is training
arbitraging it right, they have the ability to do it.
This is why I think they needed to get rid
of Sam Bankman freed to me that whole thing was
a put up deal on pure thoughts. He didn't steal anything.
All the craitors got back one hundred and nine percent. Look,
I'm a recovering attorney. I handled bankruptcies once upon a time,
not a lot of them, but a few, and creditors
are happy to get ten cents up back on the dollar.
They got one hundred and twenty.
Speaker 4: All right.
Speaker 3: The law firm involved, I don't want to go pissing
people off. It is a major, major deep state law firm,
the one that handled the bankruptcy going back over one
hundred years. They were instrumental in Latin American government overthrows
and you know they've been They're the deep state law firm.
Speaker 1: Put it that right, and that's a lot of a
lot of right to sway the people, you know, for
a bitcoiner against bitcoin, and they don't eat security and
he gave a government opportunity to come in.
Speaker 4: And state or what. Yeah, base, it didn't happen again
to that's good legal money in now.
Speaker 3: Yeah. And you know I read the book you know
by Michael Lewis, and this guy was not a thief,
all right, right he I think he might have been
on the spectrum. Okay, that's entirely possible. But I have
seen other financial people that had something Martin Armstrong, for one,
get locked up for eleven years. They sentenced them to
twenty five years. Now granted he's in a club fed
in all likelihood hope for his sake. And you know,
the guy his mistakes weren't criminal, they were accounting errors,
right well in.
Speaker 1: As Sam was in EP right that he was just
like he was not qualified to Renny, No, he would.
Speaker 3: He wasn't. He was an idiot, savant man. He's a genius.
The way he figured out how to arbitrage these coins
and trade cross trade and all that. I mean he
invented it. So Wall Street and Sam bankmin Freed could
not exist in the same world together, right, I think
it's set up on me a conspiracy theorist, today's conspiracy
theorists or Tomorrow's Truth Tellers. You know, the term conspiracy
theorist came from Jamar Now I know Sally in the
assassination of John Kennedy. There was a Warren Commission and
basically they came up with the term conspiracy theorist for
anybody that didn't buy the findings of the Warren Commission
that leejrvy Oswald killed Kennedy lone nut gun man.
Speaker 4: Right.
Speaker 3: The CIA deliberately came up with that to marginalize and undermine.
So as it turns out, all these conspiracy theories come true.
So not a hundred one hundred and eighty do you
think it's possible we could have a like a flash
crash or a couple of months the line in bitcoin
lose half its value.
Speaker 1: I mean, I see in March, and you know, with
so much algorithms and so much our freec trading, now
that that's bobbed in Wall Street, you know there will
be crashes. I think, you know, large dumps, but it
will also be large recoveries. You have to remember the
last time that Trump was in office, you know, we
had COVID and we had crashes in March of twenty twenty,
I think twenty twenty one, and we also had recoveries.
And so I think any crash in crypto will be
short lived.
Speaker 3: Yeah, I think, you know, like you can't tell, it's
still a market. It's it's still an emerging market.
Speaker 1: Right, so it is also a global market. Yeah, and
there's a rather site would like to pick it up.
And that's why every every dip that you know I'm
looking at is a Bible dip because you also have
to remember that you know, one bitcoin, no matter what
crash happens, it's still one big point.
Speaker 4: The value may.
Speaker 1: Change temporarily how much you can shave you for, but
it's still one big point. And there's a lot of
crypto enthusiasts that their whole goal is to accumulate as
much bigcoin as possible.
Speaker 3: Yeah, yeah, that is true. And I remember Porter Stansfield.
Stansbury rather sold his company and he was buying like
fifty thousand dollars worth of bitcoin either a day or
a week, like three four years ago, right, just going
all in on it. And he was a big gold guy.
So could well be the case.
Speaker 1: And that I believe, you know, at this point in
history that any crash is is going to occur, there's
guys that are going to take advantage and they're willing
to buy and hope.
Speaker 3: Yeah. Yeah, So there's definitely perhaps a bigger support for
it than there has been in the past. On the
other hand, you know, the fact that there's ats and
there's options and there's futures make it, at least in
the short term, much more easy to manipulate than it
was in the past.
Speaker 4: I mean, you use use leverages.
Speaker 1: So I trade ETFs on a daily basis, or bigcoin
and etherm and I'm doing that just so I can
accumulate more bigcoin. So you know that that is a
strategy with a lot of traders, is that I'm taking
money out of the stock market to actually buy more crypto.
Speaker 3: Hey, I get it, I get it. So how much
crypto is enough?
Speaker 4: How I can I think?
Speaker 1: You know, when it comes to crypto, it's a wealth vehicle,
it's a store value. So the thing, the big difference
between gold and crypto is that you know, no matter
how much gold you accumulate, how can you move around
and how can you carry it? How can you take
it with you? The big coin is you know, we
can go anywhere in the world and we can have
unlimited amounts of bigcoin digitally and it could be preserved
and hit it, whereas gold asset isn't really a good
story value because it's not mobile. And I think right
now where we are global cyniziness, we want, we desire
to be. I live in California and the number one
thing I get on a daily basis why you're still there?
Speaker 3: Yeah, a good question, why are you still there?
Speaker 1: But these family family ties, right, I figured, you know,
if you add a capital, it's not as bad. But
I think the wealth, the vision is getting much wider.
You know, it's going to be clear rich and poor.
The middle class is being eliminated.
Speaker 3: Yeah, yeah, I couldn't agree with you more man, it's
uh well, then again, there's definitely a change taking place,
not just in the country, but across the globe.
Speaker 1: Across the globe technology. I mean, it's getting to the
point where we're wiping out the middle class where even
they don't have access to even buy crypto, they don't
have access to buy food, you know. I mean, I
think eggs.
Speaker 4: Right now in California is about sixteen seventeen dollars that
it doesn't.
Speaker 3: I saw that they went up ten bucks in a
day or a week, right, so they must be good eggs.
Speaker 1: Well, I think that's the next stage, right, The next
pandemic is you know, food shortages. That was That's the
only thing that I think people will sell their crypto
for if you have lack of food, you.
Speaker 3: Know, and yeah, well right, I gotta eat.
Speaker 4: You got to eat.
Speaker 1: So I mean, I think you know you taken conspiracy
theorists and Bill Gates. With all the land and all
the products being modified, you know, all the food being gmo.
You know that's going to become more valuable to the walkie,
so you have quality food.
Speaker 3: It's amazing you talk about food. Much of much of
the food we produce, we can't even export to Europe
or Canada. They won't take it because it's all this GMO,
it's all modified. It's all crap. Quite a world here, now,
quite a world.
Speaker 1: AI doesn't need food, right, so you heard the eliminate
the employees and you'll.
Speaker 4: Adding more AI and the adding robots.
Speaker 1: They don't need to eat. And so it does look
you know technology wise, that everything is advancing.
Speaker 4: Yeah fives, Well.
Speaker 3: You got like twenty dollars minimum wage in California for
fast food workers and you know they're looking and hey,
Flippy the burger maker. They're going to have robots, so
they're not going to have any human beings at the
at the McDonald's. The robots will open up and they'll close.
You know, they'll just be handing out food. They won't
be taking any cash. Everything's going to be cashless payments, right,
So that's the future. I mean, they had the the
automated to coffee shop of the future, you.
Speaker 1: Know, right, Yeah, Amazon stores, you can go to the
grocery store and just walk out and encourage you Amazon account.
Speaker 4: Yeah. Driverless trucks and vehicles is going to be around.
Speaker 1: You know, Uber is being replaced by Waymo, and you
know you can hop in a car and get a
ride with the driverless vehicle.
Speaker 4: I mean that's a real big investment right now, but
is also kind of scary for all the blue collar
workers ten million people.
Speaker 3: It's the largest single job category in the country is driver, right,
that's truck drivers, that's limo drivers, taxis delivery guys, FedEx,
you know ups, post office, post Well, if you want
to get a safe job, go to the post office.
They'll be the last one to adopt the technology. Right.
Speaker 1: No, they actually first, my mom retired thirty five years
at the post office and she's seeing so much shade.
We're even the catalogs, right, the business is almost dead. Yeah,
and you have guys sending digital You get your mail digitally?
Speaker 4: Now?
Speaker 3: Sure? Yeah, you can do that. I mean I get
the I get a scan of all the mail that
I'm going to get for the day.
Speaker 4: They're only keeping a post office open for the workers.
It might be it.
Speaker 3: Well, I lost the ten billion dollars last year, so
you can only even if you're part of the government,
you can only stay open as a money losing enterprise
for so long until somebody says enough already.
Speaker 1: And I think that's what Elon Musk was hired to do, right,
Department of Government Efficiency.
Speaker 3: Yeah, one are the new coins. You think it's a
trojan horse.
Speaker 1: They get the trojan horse that allow him to eliminate
you know, a lot of government spending in the backup
saying hey, we can save money.
Speaker 3: Yeah. Man, it's like hard to believe, you know, it's
so hard to believe, and yet here we are, so
okay again, you want to find it, just tell us
what you offer your AI service there at JAMA.
Speaker 1: So you know, now with the introduction of technology into trading,
now I've created a AI Trading Report. It gives you
updated trading analysis on what we're trading in crypto, the
stock market, the options, and it allows you know, the
average person to understand what's happening in the market on
a daily basis.
Speaker 3: How do you get that?
Speaker 4: Go to AI Trading Report dot com.
Speaker 3: AI Training Report dot com. The link pleasing trading, got it?
Got it all right? About that AI Trading Report dot com.
The link is in the show notes of this interview
on Financial Survival Network dot com. Make sure when you
go there, please you'll sign up for our free newsletter.
It's not quite AI written yet, but we're getting close
and getting questions for jamar myself. Shoot me an email
kl at Carrie lets dot com jamorrow. We will definitely
talk to you again soon, especially if there's any major
movements in crypto from whatever area, and wish you the
best for the coming year.
Speaker 4: Talk to you soon, lud You feel thanks for having me.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com Financial Survival Network
Speaker 4: Now more than ever,