The Future of Crypto: Will Bitcoin Push to $1M? | Ryan Myher | EP 50

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Speaker 3 Basically, I believe that Donald and Cynthia will start a Bitcoin reserve where the United States will own probably somewhere between 2% to 5% of the Bitcoin supply over the next four years.

Speaker 3 Well, maybe longer, but it'll initiate in the next four years.

Speaker 3 And on top of that, the minute they announce that, everyone's going to be buying Bitcoin, right? Like all these other governments, like El Salvador has been

Speaker 3 accumulating a bunch of Bitcoin supply, but I think a lot more governments will basically copy the United States, start their own reserve.

Speaker 3 And I think that if you're investing in Bitcoin now, you're going to be very happy in the next couple of years. Yeah.

Speaker 3 What is up, entrepreneur DNA family?

Speaker 14 This one is going to be good for all my crypto investors, alternative investors. Our guy, the trading genius, I call him, tradegenius.com is his website, Ryan Meyer, is here.

Speaker 14 And this is why he believes Donald Trump is going to get get Bitcoin to a million dollars per coin. What's up, bro?

Speaker 3 How's it going? Thank you so much for having me.

Speaker 14 Let's hit that on. Donald Trump's going to get Bitcoin to $1 million per coin.
I think so. At least.
What are you thinking? Why would you say that?

Speaker 3 I think there's a number of reasons. I think like the main reason is like the Bitcoin Reserve.
He's working with Cynthia Loomis, who's like the senator in Wyoming, super pro-crypto policy.

Speaker 3 They're doing a lot in Wyoming.

Speaker 3 But basically, I believe that Donald and Cynthia will start a Bitcoin reserve where the United States will own probably somewhere between 2% to 5% of the Bitcoin supply over the next four years.

Speaker 3 Well, maybe longer, but it'll initiate in the next four years.

Speaker 3 And on top of that, the minute they announce that, everyone's going to be buying Bitcoin, right? Like all these other governments, like El Salvador has been

Speaker 3 accumulating a bunch of Bitcoin supply, but I think a lot more governments will basically copy the United States, start their own reserve.

Speaker 3 And I think that if you're investing in Bitcoin now, you're going to be very happy in the next couple of years. Yeah.

Speaker 14 I mean, I think if you're investing in Bitcoin now, you're happy now, right? Like today, as a moment in time, I'm just going to check because I'm a crypto investor myself. I don't day trade.
Yeah.

Speaker 14 But what are we at? 92, 92,000 right now?

Speaker 3 I have no idea.

Speaker 14 Bitcoin itself is at.

Speaker 3 Make me happy. Come on.

Speaker 14 Well, I got to get to my home screen. $92,600.
That's an all-time high.

Speaker 14 All-time high, buddy. What a great day to be recording this podcast.

Speaker 3 Dogecoin's at 41 cents.

Speaker 14 Look at that. That's insane, right? People are like, Doge, blah, blah, blah.

Speaker 14 Well, it's moving. Yeah.
Now,

Speaker 14 again, I don't day trade crypto. I'm real estate through and through, but I'm an investor, right? So I pick and choose my investments.
I love crypto. Talk in a general sense, right?

Speaker 14 Your website is tradegenius.com. So anyone who wants to know more about Ryan and what he does and how he does it, trade genius.com.
But what is happening right now to push the needle?

Speaker 14 Because as someone who's invested in crypto for six years, I mean, I was buying Bitcoin when it was $1,800. We love that.
So maybe it was more in six years, but you get the point. Yeah.

Speaker 14 What's going on right now?

Speaker 3 I think like the big impact is Donald Trump being elected.

Speaker 3 I think that's like what's pushing the needle immediately. I think more generally, the market's been primed for like a leg up for like the last couple of months.

Speaker 3 And, you know, you're seeing, I think there's like crypto specifically has a lot of cycles, right? And a lot of things kind of go into those cycles. I think one's like venture capital.

Speaker 3 And so you've seen off of the tail end of the last cycle, a lot of the venture money that flew that was flowing in there.

Speaker 3 A lot of them are getting like liquidity events, right? Yeah. So there's like all the port codes are now launching tokens.

Speaker 3 They're starting to see liquidity, which means that they can go raise another fund and they're like more than happy to deploy the rest of the money that they have.

Speaker 3 So I think we're going to see like basically you get a bunch of funded companies, you get a bunch of tokens, you get a bunch of retail interests.

Speaker 3 There's like all these kind of components that come into like really pushing the market forward. And oftentimes there needs to be like some sort of catalyst.

Speaker 3 This the last two years, we have like the ETFs, which are a huge catalyst. And then that coupled with now Donald Trump being a project.

Speaker 14 Yeah, but the last two years, would you say anything happened? Like, I don't really remember because I don't day trade, but I feel like,

Speaker 14 for example, like Ethereum, I mean, it was somewhere between 2,200 and 2,800 for like as long as I can remember. It really didn't do a whole lot.

Speaker 3 Yeah, no,

Speaker 3 I've become less faithful in ETH. I was holding a lot of ETH for a while, sure, but it just, it hasn't been moving.
So I've been holding a lot of Solana. Yeah.
I'm a big Solana guy.

Speaker 3 I think it's an awesome.

Speaker 3 And all of the things, maybe not L2s and things, but a lot of like the meme coins and things like that are being like launched on Solana because it's super fast super cheap yeah user-friendly yeah and a lot of our volume on genius we see on Solana as well so let's break down kind of what I think a lot of the listeners probably don't know some of the very basics right so I want you to like yeah rewire your genius here and go back into just basics yeah there's the hold coins right and and um

Speaker 3 stable coins the bitcoin the ethereum yeah what else would be considered in that i'd say bitcoin ethereum and solana are probably the three main stable coins yeah let's walk through the kind of hierarchy of coins right so you have your stable coins bitcoin being the top of the top right ethereum solana let's talk about those two coins why are they stable what do they really do we don't have to get in the trenches about like exactly but yeah why would they be considered stable then what's the tier under that right and then going all the way down to altcoins and meme coins and all this other stuff i think okay so uh to start uh coins represent different things right um and so usually uh blockchains specifically have a native coin right bitcoins block bitcoin the blockchain has its native coin which is bitcoin same thing with ethereum native coin is ethereum and solana is solana um they're like the three largest blockchains and i think that's kind of why their coins are uh valued at what they're valued at right because you need them for gas fees and other things and and so there's value accumulation there um

Speaker 3 And then outside of that, there's like different categories of coins. We have like alts, which you mentioned, which are basically alternative blockchains.

Speaker 3 We call them alts, but they're just smaller blockchains that don't see as much usage.

Speaker 14 But it's still a blockchain.

Speaker 3 But it's still a blockchain. Yeah.
And then they have their native tokens. Maybe some good examples of that are like Phantom, for example.

Speaker 3 And I could get into so many different specific examples, but like Phantom, maybe Arbitrum, et cetera.

Speaker 14 Is that Arb A-R-B? Yeah, yeah. So I've invested in ARB.
What is Phantom's?

Speaker 3 Phantom is like an

Speaker 14 FTM. Yeah.
Yeah. I have some FTM.

Speaker 3 So they're rolling out like a new L2 and they'll have like a bunch of things, But yeah, it's there's an actual functionality.

Speaker 14 What I think some people need to understand is this isn't some, you know, when crypto started to first hit the scene eight years ago or whatever, when people started to really recognize it.

Speaker 14 People are like, this is all fake nonsense. There's just a thing that people are investing money and there's nothing even, there's no paper to it, right? So it's not like stocks where there's paper.

Speaker 14 There's no real estate to it. So people are just like, oh, it's nothing.

Speaker 14 And funny enough, my uncle, I love you, and my accountant, of course, he was by far the biggest hater. Like he thought I was an absolute lunatic.

Speaker 3 Degenerate.

Speaker 14 Like he said, what the fuck are you doing? You're putting 10 grand into what? Yeah. Like, he just was like, this is going to die.
You're going to lose your money.

Speaker 14 Obviously, I've proved him well wrong. Yeah.
You know, and have made into the seven figures in crypto. But I say that to just say, like,

Speaker 14 these even altcoins, technically have functionality behind them, which would be the blockchain. And they do all different stuff, right? Yeah.

Speaker 3 A lot of them, they can vary from like governance

Speaker 3 to like being like the

Speaker 3 it's not like a value accrual mechanism, but it's like

Speaker 3 gigas. So like if a blockchain is like a decentralized computation, you need that specific token to like facilitate that compute, right? Yeah.
So like there's so many different examples.

Speaker 14 Like

Speaker 3 another example that people might be familiar with is like FTX had a token FTT. And if you held FTT, you would receive lower fees on trading and things.

Speaker 3 And And so we may or may not be doing something similar to that in the nature. But yeah, the,

Speaker 3 I think there's like a ton of different use cases. The majority of the time that the difference between use cases varies, but they always stay away from being considered a security.

Speaker 3 That's like the most important thing.

Speaker 14 That they have to stay away, right?

Speaker 14 Because I remember, what, a year ago, two years ago, they were going after everything being a security and everything like stopped in government, like, oh, these are all securities. Yeah.

Speaker 14 And my understanding is that's all kind of done. They all kind of proved it.
No, they're not securities. Yeah.
So anything new that comes out, their whole thing is they don't want to be a security.

Speaker 14 Yeah.

Speaker 3 Exactly. Yeah.
Depending on like what the, and, and if there is any sort of like uh

Speaker 3 characteristic that might you might consider it a security, they they try and initiate that characteristic after the fact.

Speaker 3 So the way a lot of these companies are structured is you'll have a Delaware C Corp, right? And that'll be a development company. And then you'll have a Cayman Island Foundation.

Speaker 3 The Cayman Island Foundation is a decentralized organization where people vote. And so like, as I mentioned, like governance, right?

Speaker 3 Like if you're holding the the token, you can participate in this voting. Yeah.

Speaker 3 And the Cayman Foundation is responsible for kind of pushing a lot of agendas.

Speaker 3 And the development company is the one developing these things and then basically creates proposals for the DAO to say yes or no.

Speaker 3 And so that way, you know, you can stay away from like issues with different organizations. Sure.

Speaker 3 And but anyway, so a lot of times whenever people do these things, what they'll do is they'll basically push, if it has a characteristic of a security, it'll be something that's voted on by the DAO, not so much the development company.

Speaker 3 So, but it's very complicated and everything's in the gray space. There's not like a lot of regulation around crypto right now.

Speaker 14 So, yeah, and I think you know, I would still make the argument. And tell me if you agree.
Sure,

Speaker 14 I don't even remember when it was, probably 2012. I guess I was buying Bitcoin at like 1800.
That's that's 12 years ago.

Speaker 3 Is that right?

Speaker 14 Maybe that's a little long.

Speaker 14 Yeah, well, maybe, no, it wasn't 2012. Maybe it was more like 2014, 15.

Speaker 3 15, 1800, I think, yeah.

Speaker 14 Something.

Speaker 14 Call it 10 years ago. Sure, yeah.
And literally, I had a buddy.

Speaker 14 Just trust me on this. This thing is the new thing.
It's going to hit. I promise you.

Speaker 3 I'm like, okay, I don't know.

Speaker 14 I'll trust you. I'll throw it at it.
Sure. Right.
And I think he was buying it like 700. He was like, dude, my money's doubled in like 40 days.
And I'm like, I'm in.

Speaker 3 Whatever this thing was. Right.

Speaker 14 And obviously that was a great play, but I say all that to say, we're still infantile when it comes to crypto, right? Like, really infantile.

Speaker 3 Yeah, I completely agree. Yeah.
I think like kind of like the vision for genius, I can give you like where we're at now and what we like plan on going towards.

Speaker 3 But right now, I think most people use Genius to trade meme coins for transparency, right? You hear of Dogecoin, then you hear of all these other coins. Um,

Speaker 3 and uh, genius is a place to basically buy any token you want.

Speaker 14 So, talk about what that is. So, what is trade genius.com? Yeah, yeah.

Speaker 3 So, trade genius.com is like a first-of-its-kind exchange. So, I can kind of give you like the alternative.
So, we have Coinbase. Everyone's heard of Coinbase.
Sure. Coinbase is really cool.

Speaker 3 Two big problems with Coinbase. First is they custody your funds.
So you deposit $100 on Coinbase. They can freeze your funds, get fucked if they do it.
That's right. Who cares, right?

Speaker 3 The second thing is you can only buy what they tell you you can buy because they have listing to you. That's right.
So that's like another thing.

Speaker 14 But I tried to buy shit that wasn't on their platform. And I'm like,

Speaker 14 now what?

Speaker 3 Exactly.

Speaker 3 And so that's a centralized exchange. Great because it feels safe, but those are the two big issues.

Speaker 3 The alternative is a decentralized exchange. And they're usually chain specific.

Speaker 3 So like Arbitrum, Ethereum, there's a bunch of tokens like Dogecoin, people don't know this, but Dogecoin is actually a coin launched on Ethereum, right?

Speaker 3 And so, there's millions of coins on all these different chains. Um, and so decentralized exchanges are cool, but they're always chain-specific.
So, you're like, okay, I can only buy tokens on this.

Speaker 3 And it's a pain, it's a pain in the ass, right?

Speaker 3 Yeah, it's like, I'm not even gonna get into it because it's like complicated to get money on these chains and then buy, and there's like liquidity fragmentation.

Speaker 3 So, basically, what we said, we were like, what if we could make it as easy as buying something on Coinbase? Yep.

Speaker 3 Give you full self-custody of the funds and then do it across all chains so that that way there's no liquidity fragmentation. And so that's what genius is.

Speaker 3 It's the first place to buy any token on any chain instantly.

Speaker 14 And you created it. Yes.

Speaker 3 It's the first of its kind.

Speaker 14 You're smarter than me by a lot.

Speaker 3 No, no, no. Buy a lot.
No, no, I mean, it says the shuttle labs team. Yeah.

Speaker 14 So I mean, that is cool as shit. And so I tell anyone, if you're interested, you got to make sure you go over there, right? TradeGenius.com.

Speaker 14 Because I'm interested. So if I'm interested, you guys should probably be interested.
So I would tell you,

Speaker 14 well, let's let's keep going through this hierarchy, right? So we got to, we got to the altcoins, right?

Speaker 14 Alternative coins, which essentially are still blockchain, but their functionality maybe is less. So they're smaller chains.

Speaker 14 What is the next layer of this?

Speaker 3 I'd say that the two other kind of types of coins are

Speaker 3 like what we consider cash. So like cash equivalents.
So USDC or USDT. So they're basically pegged to the US dollar.
There's like large organizations.

Speaker 14 Are they pretty safe at that point? Yeah.

Speaker 3 So like it depends on which one specifically, but like USDC, full faith in. Like they hold like US treasuries plus US dollars to back their USDC one-to-one.

Speaker 3 So if you're holding that one dollar in USDC, you know there's like actually something behind it. Interesting.

Speaker 3 But I think USDC is super powerful because it allows for like instant cross-border payments anywhere in the world.

Speaker 14 So like to any platform. So you could buy, if you, if I took my USDC

Speaker 14 from Coinbase, I could buy on your platform because it's just one-to-one.

Speaker 3 Exactly. Yeah.

Speaker 3 And so I, but like even like paying people too, right? Like, if, if, uh, like, we have engineers in India and Venezuela and all these places, it's like I pay them to their genius accounts, USDC.

Speaker 3 Um, and I think, like, the people in America, what they have a problem with and what they can't wrap their heads around is like, how does this impact my life?

Speaker 3 Like, why should I buy this when it doesn't change my life? It's like, it doesn't need to change your life, it's changing like many others' lives. Yeah.

Speaker 3 Um, and it'll eventually kind of come full circle. And, like, I think like the global economy will operate on like USDC slash like crypto.
And that's kind of our big bull thesis.

Speaker 3 Like right now, meme coins are super popular on Genius. Like you can buy a meme coin, but in the future, I think many things will be tokenized.
Like real estate,

Speaker 3 intellectual property, so many things will have tokens and have different values and be

Speaker 3 geographically assigned.

Speaker 3 And we want Genius to be like the U.S. stock exchange, but for the world.
So like where anyone can go buy any token instantly.

Speaker 3 That's like the big picture.

Speaker 14 So

Speaker 14 we already went through, did we get to meme coins? So where do meme coins?

Speaker 3 So meme coins. Yeah.
Meme coins.

Speaker 3 I love meme coins. Of course.
Yeah.

Speaker 3 People think they're stupid. I also thought they were stupid.
Back in like 2016, all my friends were buying Dogecoin and I was like, this is so fucking stupid.

Speaker 14 And they're buying it.0000000001. And now it's like 40 cents.
Exactly.

Speaker 3 Yeah. So they've done all right.
Yeah.

Speaker 3 But, you know, my ignorance was like, this is stupid. There's no value assigned to it.
Like, what? You sound like my uncle. Yeah, I did sound like your uncle.

Speaker 3 But then I kind of came to this moment where I was like, you know, there doesn't need to be any value because

Speaker 3 all meme coins are, it's like assigning value to culture.

Speaker 3 Totally. That's exactly right.
And so it's like,

Speaker 3 if something has cultural relevance, then like people are going to buy it. And like, we've seen that, like, all these meme coins launching like.
every day.

Speaker 3 And I think that's kind of like, you know, as I mentioned, like, if you can't buy something on Coinbase, then like you're shit out of luck. Right.

Speaker 3 And so our whole thesis was like, Dogecoin was once not on Coinbase and it was valued way less than it was when it was on Coinbase.

Speaker 3 So like, imagine if you can buy coins on Genius and then get the upside of whatever these big guys list them. Um, like, that's when you want to get in.
Yeah. Yeah.

Speaker 3 Um, so trying to give people that opportunity is like a big thing for us as well.

Speaker 14 So, a couple random questions. We kind of started the episode talking about Donald Trump and how you think he's going to get Bitcoin to a million dollars per coin.

Speaker 14 Sure, but then let's play into this next thing that was announced, I think, yesterday, the day before. Donald just made Elon Musk the head of Doge.
Doge, but essentially, like

Speaker 14 I forgot what the even name was but he's like in government now yeah he has a position in government to like help organizations run efficiently essentially exactly yeah um

Speaker 14 did that play into doge's run right i mean

Speaker 3 elon musk has moved that coin every time 100 yeah so um yeah so uh elon and vivek uh were just basically uh marked as the heads of the department of government efficiency there you go government efficiency exactly and uh and it was a play on doge for sure was it but i think that it was kind of factored in like the last couple of weeks like the last two or three weeks like because they've been talking about it yeah that was definitely like a catalyst in dogecoin's run recently there's no doubt it has to do right to go to 40 cents like 39 cents or whatever it's like 100 it's insane it was at point zero zero zero zero zero zero something yeah it's insane and so i mean funny i have doge but i wish i was

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Speaker 14 Holding it way bigger, right?

Speaker 3 Yeah, of course.

Speaker 3 That's how it always goes. And

Speaker 3 that's where it's like, it's like funny. People ask me all the time, when should I? Excuse me, when should I buy crypto? Yeah.

Speaker 3 Today, right now. And today.

Speaker 3 Because I think the funny example that I've been using is we have Thanksgiving and Christmas approaching. Yeah.

Speaker 3 And either you're going to be the person at the table that's talking about how you're happy you own crypto, or you're going to be the one sitting there as other people talk about crypto.

Speaker 3 Because crypto is going to be a conversation in millions of households this year.

Speaker 14 Oh my God. What a great analogy or just kind of idea, right? Like you're either going to be the guy like, yeah, man, I should have gotten in.
Yep.

Speaker 3 Or you're going to be like, dude, look at this. Exactly.
Like, which guy do you want to be? Exactly.

Speaker 14 I have a really good friend that is, I mean, he literally quit his job.

Speaker 14 He just went all in right and it was because he was essentially day trading yeah and was doing so well he went all in yeah i am the other side of that i do real estate full-time so i want to get to how crypto leans into real estate how does that play out because they've been talking about that for four or five years six years um of course they are but

Speaker 14 Do you kind of have advice for those out there?

Speaker 3 Because

Speaker 14 I would tell anyone that like isn't ready to go all in, and you're very extreme, right? You've built an entire company around it and a whole trading platform.

Speaker 14 my friend is pretty darn extreme he went to full-blown day trading quit his multi-six figure job and he's making more money doing it day trading right now he's very successful at it yeah

Speaker 14 but wouldn't you make the the point that even someone like myself like it's almost like to some extent just a retirement account exactly like pick a couple relatively safe maybe one or two higher risks and just keep throwing money at it and dollar cost average until infinity exactly that's what that's what i do personally yeah obviously i'm like building a company in the space sure um But that's what I've been doing since like 2017.

Speaker 3 So, yeah, you just buy it and hold.

Speaker 14 You know, I have a really close friend, Dan Fleischman, who has said, How many of you guys have an iPhone, right? So we'll both speak on stages together.

Speaker 3 Sure. And you'll go out there and you'll go, who's got it?

Speaker 14 Who's got the iPhone? You know, the whole crowd. 2,000 people are like this.
Yeah.

Speaker 3 And he goes, Great.

Speaker 14 Raise your hand if you have Apple stock. And like four people raise their hand.
Yeah.

Speaker 14 And his point is,

Speaker 14 how can culturally people spend $2,000 on a phone

Speaker 14 but not make any level of investment banking on the company that they know is making said phone at all. And it's that skew of like

Speaker 14 intentionality or priorities, right?

Speaker 14 And I would make a similar argument, not quite as tangible, right? Because I don't know if crypto has anything tangible, but like this is a very real thing.

Speaker 14 Like people need to be betting on their future. And my point, and I hope you can argue that the same point, hopefully, yeah, it's such an infantile space still.
Yeah.

Speaker 14 To your point, you think Bitcoin has a shot at going to like, screw a million, going to 200,000, right? Like, I think we're going to hit 100,000.

Speaker 3 I think we'll hit 100,000 by end of year.

Speaker 14 By end of year. Yeah, by Jan 1st.

Speaker 3 Yeah.

Speaker 14 Right. And I was buying it $1,800.

Speaker 3 Yeah.

Speaker 14 Right. That is a thousand X essentially.

Speaker 3 Well, quite, you know,

Speaker 14 500X. Yeah.
So I say that to just say, like, talk to the people. Like, what should they be doing right now? If there's going to be hundreds of thousands of people that listen to this, watch this.

Speaker 14 What advice do you give them in this world of crypto?

Speaker 3 Sure. Yeah.
It's scary. And that's why a lot of people, like, you know, they'll get in and they'll be like, okay, what do I do now?

Speaker 3 So this is, to be very clear, not financial advice.

Speaker 14 This is not financial advice.

Speaker 3 But this is what I would do. Sure.
And this is what I tell my friends as well whenever they ask this question.

Speaker 3 So I think like the safe bet is like, say you put 10K in an account.

Speaker 3 I would always, I always like diversify between a few things. So it's like probably Bitcoin, Ethereum, Solana.

Speaker 3 And then I leave a little bit in USDC or cash as like my play money for like those Dogecoin bets, right? Because at the end of the day, it's like cool, like making like 7% is fun, right? Yeah.

Speaker 3 But like I'm not here to make 7%. If I wanted to make 7%, I'd go put it in the S ⁇ P and not think about it.
Right.

Speaker 14 As a real estate investor, I would give you 12%. If you got money to me, I'm going to give you 12%.

Speaker 3 There you go. Even if that's backed by your real estate, right?

Speaker 14 So you're not, if you have relationships like me, then you got to be making a little bit bigger bets on your money because

Speaker 14 you have me that could just give you the 12% every month. Exactly.

Speaker 3 So like, that's what I'm looking for, like, you know, Bitcoin over time, like, looking like north of 50% annually. That's like the goal, right?

Speaker 3 And then for meme coins, like, I'm looking for the thousand X all the time.

Speaker 3 And like, you know, I've had some like crazy days, like nothing like insane, but like fun ones where like there was this one coin called Tesla. There's like a meme coin on Tesla called Tuzla.

Speaker 3 And it was like, I put a hundred bucks in in the morning. I checked four hours later.
It was $30,000. So I cashed out $30,000.

Speaker 14 Yeah. No way.

Speaker 3 It was just like some stupid shit, right? And like, it's just like the most ridiculous thing, but like that happens on like a daily basis in a bull market, right?

Speaker 3 And so it's like, I'm always looking for those stupid things where it's just like, you know, like, to a lot of people, like, what's the average salary? Like 45K, right? Yeah. 50, 50K.

Speaker 14 Maybe a little more now, but still doesn't pay for shit.

Speaker 3 Yeah, it's like more than half their salary. Yeah.
That's right. Like, it's like, and it was a hundred dollar bet.
It's like, you're going to go bet on sports.

Speaker 3 You're going to go bet on all these things. It's like, why not bet on the culture?

Speaker 14 Where can they learn like you can't sit there and just give financial advice neither can i but where could someone be like i'm gonna throw a hundred bucks on this yeah right how would they ever know like how would i ever know i don't know how would i ever know that's where it becomes complicated uh it's i think there's like two places i think uh one is twitter i think like if you want like a real pulse on crypto specifically Twitter is like the place to do it.

Speaker 3 Like there's like a couple accounts that you can follow and like you'll get a good pulse on Twitter.

Speaker 3 And outside of that,

Speaker 3 I would say like for the most up-to-date relevancy, I'd say Twitter.

Speaker 3 I'm only going to say one actually.

Speaker 3 Twitter's a place.

Speaker 14 Yeah. Yeah.
And I would tell most people, like, please just understand, we're not giving financial advice. Yeah.
I'm a buy and holder anyways. Right.

Speaker 14 So

Speaker 14 understand if you want to learn more and make educated bets on yourself, then do that. But

Speaker 3 I always say like rate everything off to zero, right? Like don't put something in if you're not pulling 100 bucks.

Speaker 14 But that's why like most people can throw 50 bucks at something once a week. Exactly.

Speaker 3 Yeah. Like like, like sports betting, right? Yeah.
Like,

Speaker 14 sort of, but even better. Yeah.

Speaker 14 Like, I mean, literally, if you just put 50 bucks in a Solana once a week for the rest of your life, you're going to make millions and millions and millions and millions of dollars.

Speaker 3 That's a safe bet.

Speaker 14 For the rest of your, that's a safe bet. Yeah.
But I guarantee they're going to go to Starbucks one time this week and probably spend 40

Speaker 14 once, let alone the other like $5 every week, right? So

Speaker 14 it's just a priority thing, I think. Sure.
I had a great conversation with someone recently just talking about like

Speaker 14 this, right? Because I'm like, Jesus, it's just this is a bull market again, right? Yeah. Would you make the point?

Speaker 14 How long do you think this would likely, and again, you don't know for sure, no one will, but like, I'm going to make the point this is going to be a bull market for six months, maybe a year, right?

Speaker 3 A year or so, yeah. I think it'll, it'll really like truly kick off in like 70 days whenever Trump goes in office, I think.

Speaker 14 And then as we, I think it'll depend on that will be the actual start of a real bull market where you can start to see crazy shit with like it doubling in 30.

Speaker 3 Yeah. Yeah.
Yeah. Uh, I think that, yeah, especially, I think there'll be like maybe a few catalysts in between then, or not in between then, but like post-that, right?

Speaker 3 Like, uh, uh, if, if, you know, Trump and Cynthia announce, like, hey, we're doing this

Speaker 3 Bitcoin Reserve and we're buying 200 million in Bitcoin.

Speaker 14 Let's go back to this. Yeah.
So you think Donald Trump is going to have the United, and by the way, it would be Donald, but

Speaker 14 they are going to actively have the United States of America create a reserve. Yes.
Just like we have our Federal Reserve, specific for Bitcoin.

Speaker 3 Yeah. So, like, how we hold a bunch of gold or and

Speaker 3 yeah, it'll be 100% similar thing. And he stated this publicly.
And Cynthia has also been on the wave. I was at an event in Wyoming with Cynthia.

Speaker 14 Look at me like all my arms are all crossed.

Speaker 3 Really? Yeah. Yeah.
So that, that's,

Speaker 3 and to be honest, I think what's going to happen is like

Speaker 3 they're going to announce that. Yeah.
A bunch of countries are going to do the same thing. Bitcoin's going to skyrocket.
I think we're going to see like

Speaker 3 ludicrous numbers. And my like

Speaker 3 interesting projection is: I think that in the next like 25 years, there's going to be like a tier one country. And in my opinion, it's going to be a European country.

Speaker 3 They're going to be terrible financially. They're not going to do the Bitcoin Reserve.
They're going to be

Speaker 3 an insurmountable amount of debt. But all the European countries have decent defense equipment.

Speaker 3 And I think that there's going to be like a country like El Salvador or somebody in Latin America who has a ton of Bitcoin that will trade Bitcoin for defense equipment to bail out a country in Europe.

Speaker 3 That's that's like my wild like, just like projection.

Speaker 14 I don't know how wild that is. I don't know.
Seems to make sense to me, especially with everything that's going on in South America, right? Like in El Salvador and whatnot. Yeah.
Um,

Speaker 14 how, what else plays into this bull run, right? Is it just strictly politics? Is it maybe New York, right? Is it retail, right?

Speaker 14 Is it what else can kind of play into whether something's going to run or not, right? We just talked about government.

Speaker 14 They wanted to consider Ethereum a SEC, right, a security filing and blah, blah, blah. Yeah.
None of that has ever taken shape. Yeah.

Speaker 14 What else plays into all this?

Speaker 3 Yeah. I think government's a big thing.
I think regulation with the SEC specifically is going to be a huge, like, if Drum, if Trump fires Gary Gensler, that'll be the best fucking day of my life.

Speaker 3 Like,

Speaker 3 no, I think because what we're building is like, you know, in such a gray area.

Speaker 3 And I think if you have someone that's super pro-crypto regulation, but like in a good way that doesn't kill innovation, like that's, that's fantastic for us.

Speaker 14 Of course.

Speaker 3 Like Gary, like, they have this thing called Operation Chokepoint, right?

Speaker 3 Where it's like, they're just attacking Coinbase and Uniswap with all of these basically bullshit lawsuits just to basically burn cash and make it look like they're doing something to scare people, right?

Speaker 3 It doesn't mean anything. They haven't won anything ever.

Speaker 3 But it just harms the rest of the industry, especially in America. It's like, why, like, if I'm going to start a crypto company now, like, why would I, why would I do it here instead of Dubai?

Speaker 3 But I think

Speaker 3 like, to answer the question is, you need Gary Genslar gone to be able to actually make that argument for the United States.

Speaker 14 So the company that you just started, right, is it hosted, is not here?

Speaker 3 So our dev company is in the United States. We follow a similar structure to what I mentioned earlier.
Yeah. Like the Genius Bridge protocol is a protocol that's run in the Cayman Foundation.
Sure.

Speaker 3 And then basically what our dev code does is

Speaker 3 we've built the front end and we manage the front end and we basically submit proposals to our DAO to push different pieces together.

Speaker 14 Let's get back to meme coins.

Speaker 14 There was a moment in my life, I want to say it was 2020. Yeah.
You know, COVID was here at all the time in the world, everyone did. Yeah.
It's like, fuck it. Let's go into these.

Speaker 14 And the names were ridiculous. Right.
Like,

Speaker 14 just the most like

Speaker 14 purple panty eater. And you're just like, okay, can I talk?

Speaker 3 Can I say my favorite meme coin? Yeah. So my favorite one of this cycle that is like, like my, my advice to people in meme coins is bet on cults, right? Sure.
Cults, you just don't bet against a cult.

Speaker 3 My favorite cult right now is called Retardio. It's, uh, it's interesting.
It's interesting for sure, but it's basically

Speaker 3 just a group of mentally ill people that are like so bullish and weird and like, like they're just, they're insane, but like,

Speaker 3 they are like die hard to the point where like they get people to like have such strong conviction in it that like, yeah, and I've yet to see a community have such crazy conviction in some yeah yeah it's

Speaker 3 incredible it's wild yeah and it's just like this group of like weird people on the internet. And like, I mean, I'm a part of it, I guess, but I have an irresponsible amount of money in Rotario.

Speaker 14 So irresponsible amount of money. I think, again, the people who are just getting in probably think any dollar is irresponsible.

Speaker 3 Now, are people too late? For Retardio or

Speaker 3 crypto, definitely not. Yeah, definitely not.
I mean, we've, we've had this discussion about like the federal government buying crypto, right? I think, like, you know, where that hasn't happened yet.

Speaker 3 So anytime before that, I think, is even after, right? Because Because it's not going to be like, oh, they just make one massive buy, right?

Speaker 3 It's going to be, they're going to be basically DCAing or dollar cost averaging over the course of like a decade.

Speaker 3 And so, like, anytime around, like, you know, that's going to be coming in. So, like, anytime is a good buy, honestly.

Speaker 14 How would you suggest, and if you can, like, I'm a dollar cost average guy in a general sense. Same, yeah.
I just slowly trickle in because I kind of take that philosophy.

Speaker 14 Like, if it's good enough for you to buy now, it'll be good enough for you to buy in a year. Sure.
And you dollar cost average those investments.

Speaker 3 Exactly. Yeah.

Speaker 14 Do you kind of, I know you said you do the same thing.

Speaker 3 Exactly. Yeah.

Speaker 14 I think that's the safest way to do it.

Speaker 3 You can't time crypto markets, right? Like, there's no like, like, you know, maybe for

Speaker 3 stocks, you can, like, time things around earnings and you can try and time things, right? Nobody actually knows what the hell's going on. But with crypto, it's like, there's no like.

Speaker 3 Yeah, there's no like indicator, typical indicator. That's right.

Speaker 3 So yeah, the safest thing to do is ECA. There's no point in trying to time a market, you know.
And like the reality is this is is probably not what you're doing full-time.

Speaker 3 You're making income on a W-2 probably full-time.

Speaker 3 And so, yeah, just DCAing in and

Speaker 3 continuing to add to your stack is the move.

Speaker 14 So, in a general sense, the stable coins give you some level of security. Sure.
The altcoins give you a little bit less level of security. What do you think is going to happen in this?

Speaker 14 What you and I both agree is going to be a bull run for seven months, 10 months, a year. Sure.

Speaker 14 What will be the catalyst for this bull run? Is it just simply Trump?

Speaker 3 Is it that basic? No, I think there'll be a number of things. I think it's like

Speaker 3 Trump policy, regulation. I think the ETF inflows will be a big piece of that.
Like we, the day Trump won the election, record-breaking Bitcoin ETF inflows.

Speaker 14 And what's an ETF for some people who don't?

Speaker 3 It's an exchange-traded fund. So basically,

Speaker 3 a lot of these large Wall Street guys have basically launched these ETFs where if you buy like say a thousand dollars worth of an Ethereum ETF through them they're also holding a thousand dollars worth of Ethereum on our side which is why it's really good for us right before you could buy like

Speaker 3 what do they call them

Speaker 3 kind of like phantom products where it's like you can buy it and it's like worth it but like they don't it's probably like fractionally reserved right it's not like one for one but like for these guys with these ETFs they actually have to hold it on the balance sheet And so it's like, if you're buying, if there's $4 billion in inflows in the ETF, that means there's

Speaker 3 $4 billion in buying power on the other side. So that's really good for crypto, which is why it was such a catalyst and why people were so excited whenever the ETF's got approved.

Speaker 3 The two being Bitcoin and Ethereum. Ethereum has been kind of a bummer on their ETF inflows, but Bitcoin's been fantastic.

Speaker 3 And I think you're going to see like, I think it'll just be like this viral effect of like, okay, like, you know, something happens, maybe in government, maybe in regulation, Bitcoin price skyrockets.

Speaker 3 All these people with 401ks who want exposure to Bitcoin have been waiting. Oh, I don't know.
Price moves 20%. They're like, fuck, we missed out.
And then they start aping in.

Speaker 3 And it's just like, it basically creates that hysteria that you saw during the last cycle, like 2021.

Speaker 14 So basically, it almost creates this cult-like action that people keep thinking they're missing out. Yeah.
So they keep buying in, which is going to keep this bull run going and going and going. Sure.

Speaker 14 Compare it, though. Here's where I was going to go with this last question.
Compare this to the relativity of a stock market. Sure, yeah.
Right?

Speaker 14 The stock market exchange has been around for, I genuinely don't even know, but let's call it 100 plus years. Yeah.

Speaker 3 Right.

Speaker 14 I don't, in my non-expert opinion,

Speaker 14 non-expert opinion, uh,

Speaker 14 I don't even see how it could be comparable in the sense of growth.

Speaker 14 Like, I just don't see how a stock like Apple could get the same amount of growth for the next five years that what I would argue Ethereum could, right?

Speaker 3 I completely agree. Yeah, but they're just two very different things, right? Like, Ethereum is like very foundational, right? Yeah.

Speaker 3 Like, it's like you're trying to rebuild like the financial system from the ground up. Right.
And the value of that, of rebuilding that entire system is accrued on Ethereum's technology. That's right.

Speaker 3 And so like Apple, I think like they've done a great job.

Speaker 3 But I'm not entirely sure. Like whenever I like project and I'm like, okay, what can they really do to like meaningfully move a needle such that it like, you know, 5x is over the next decade.
Right.

Speaker 3 But like Ethereum, it's like if they actually succeed in like rebuilding this financial system from the ground up at like the global scale where anyone can participate, it's like, that's like

Speaker 3 huge upside. Yeah.

Speaker 14 Yeah. 5x.
We're talking like 50x. Yeah.
Right. Or 500x in some cases.

Speaker 3 Right. Because

Speaker 14 to your point, it's the foundational side. Exactly.
If we wanted to equate Coinbase as the biggest platform to a New York stock exchange, right?

Speaker 3 Like

Speaker 14 you have the older, more customized stock that stocks you can trade, buy and sell each and every day.

Speaker 14 And there's way more than that, but everyone gets the point. And then you have your crypto and you can functionally do the same thing.
And I just think it's the the infantile

Speaker 14 place right now that if you have some level of risk or some level of willingness, say, I'm happy to throw $50 a month or a week or wherever you're financial

Speaker 14 at something,

Speaker 14 my unexperts ass would argue you're going to make such a higher return in crypto.

Speaker 14 I'm just saying that because I have definitely blue chip coins, right? Or blue chip stocks, right? The Apples, the Teslas, the Amazons. I have money over there.

Speaker 14 I don't even put money over there anymore just because if I am going to invest in something, I want some more upside. Yeah, sure.
Making an 18% return in a year, awesome for stock market.

Speaker 3 Yeah, of course.

Speaker 14 That is nothing for crypto. That is like, oh, I'm so disappointed.
I just made 18% meaning.

Speaker 3 Literally, yeah.

Speaker 3 I was telling you this earlier, but last night I made a leveraged bet on Dogecoin and I was up like three grand.

Speaker 3 But like, it doesn't excite me anymore because it'll just fluctuate so much that it's like, like I told, I said about the Tesla. Yeah.
It's like, that's exciting. Like, yeah.

Speaker 14 Dude, this has been fun. Yeah.

Speaker 14 It is genius. What is the website again?

Speaker 3 Trade genius.

Speaker 14 Trade genius.com. Yeah.
This is Ryan. TradeGenius.com.
This kid is 25 years old. Way smarter than me by far.

Speaker 14 I'm very impressed by everything you're doing. Thank you.
Any last words regarding crypto? Obviously, go to his website, go to his platform, use his platform.

Speaker 14 But what else just regarding crypto?

Speaker 3 We can probably give you some sort of referral link. And if anyone signs up, we could probably give them free crypto or something.
Let's do it. Yeah, let's do it.

Speaker 14 Let's do that.

Speaker 14 it'll be in the for if you're watching this on youtube it is in the comments yeah um and if you're listening to this on apple or spotify get over to my youtube go to justin colby on youtube watch it go to the comments click that link yeah dude appreciate you showing up thank you so much for having me yeah dude If you guys found at least one thing, share it with two friends.

Speaker 14 If there was one thing that you thought was very valuable, share this with two of your friends. I'll see you on the next episode with another killer guest.

Speaker 3 Later.

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