Crypto Market Update - A light in the Darkness | Keep your Bitcoin Portfolio Stable ---------------------------------------------------------------- Get the insider info on crypto investing! Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle ---------------------------------------------------------------- Jump in as we break down the fundamental news along with the current technical analysis in the Crypto market. We also share a great infrastructure and passive income project that we have been diving into. Tips for you this week: Keep in mind that markets move in cycles. Bear markets can be scary, but it is always the best opportunity to change your life for the better. Don't lose sight of the bigger picture. And don't make decisions with emotions. Join our Bitcoin Conference in Miami: https://bit.ly/3hLNpit
KEY TAKEAWAYS:
00:00 Intro
03:00 Interesting News from Exxon Mobil
05:25 Fidelity offering Bitcoin in 401k
08:00 JP Morgan joining the Bitcoin Space
09:10 Bitcoin Undervalued by 28%
11:20 Fundamental News Update
12:17 Market Cap Update
13:38 Bitcoin Dominance Chart Update
15:15 Entry Point
17:10 Swing Trading in Bitcoin
20:00 How to keep your Bitcoin portfolio stable?
21:55 $669 Trillion Asset to be Tokenized
23:00 Why invest in Bitcoin infrastructure as a long-term investment?
24:25 How to start dollar-cost averaging the fund?
27:00 How Blockchain works?
28:00 Sample Blockchain Infrastructure you can invest with
29:30 Market Tips from Zach and Austin
32:37 Join our Bitcoin Conference in Miami: https://bit.ly/3hLNpit
#bitcoin #boroncapital #thesolomoninvestor
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Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle
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*Other Episodes of The Solomon Investor Show CRYPTO ADDITION*
CRYPTO News Update of the Market; How to manage your portfolio
https://youtu.be/R9hlNDh2Fzc
The World is changing around CRYPTO with or without You
https://youtu.be/agnjnu_t29w
Is Crypto Melting? and What is APE Coin?
https://youtu.be/hykN92cbDm0
Crypto Market Drop! What Should You Be Thinking as an Investor Right Now?
https://youtu.be/IMx7L6lCYjs
Is Crypto Dead? Terra LUNA Crash! What to do Now
https://youtu.be/sb8UB6zfTAA
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-- DISCLAIMER: Past performance is no guarantee of future results. Any historical returns, expected returns or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses. No communication by Boron Capital, LLC Inc. or any of its affiliates (collectively, “Boron Capital, LLC™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing in this episode is intended as an offer to extend credit, an offer to purchase or sell securities, or a solicitation of any securities transaction.
Unknown Speaker 0:00
All right, what's going on everybody? Zach Morrow here for another episode of the crypto market update. It has been a crazy couple of weeks crazy few months really opening up this year. And we got a lot of questions coming in. I know everybody's interested in finding out, you know, what's going on today, what's the market looking like over the, you know, this present month, next few weeks, next couple, you know, through the end of the year, we really want to break down some different things. As far as mindset goes, as far as the fundamental news, the technicals, and really dive in and help you guys see the opportunity with inside the space. So a lot of people kind of look at the markets, and they see this as this massive negative time. And obviously, it's never just the best time ever when markets are pulling back. But it does create opportunity, especially for those who are staying prudent, and are staying focused on what's really happening. So we want to break that down for you here today. And then once we work through some of the really exciting news that's going on the fundamentals, we want to share with you guys a really a neat project that we're keeping our eye on and have began getting involved with, and I think you guys will really appreciate it as well. It's an income producing strategy with inside crypto and Jeff's going to break that down. He actually had an exciting one on one interview with one of the founders and creators of the project. So a neat deal. We'll break that down towards the end of the show. But first of all, Austin Jeff, welcome. Everybody's excited to hear what we got going on today.
Unknown Speaker 1:29
Hello, hello.
Unknown Speaker 1:33
How's it going, guys?
Unknown Speaker 1:35
Jeff, Jeff trying to sell on mute, guys. He's hanging out
Unknown Speaker 1:39
here. I'm here and ready to steer clear. The fear. You know what I'm saying? Take it off, Zach. Let them know, let them know what's going on.
Unknown Speaker 1:48
Yeah, definitely. We're gonna break down the fear and greed index fear is that extreme highs right now that I'm sure everybody knows that, right. That's why you guys have been asking the questions. And that's why we do the show to help kind of sift through what's real, what isn't? And how to handle these things. And so I really want to start with some good news, right? Everybody always asks you want the good news? The bad news first, right? And some people lean to the bad news. I typically go give me the bad news. That's that's me.
Unknown Speaker 2:15
I don't know about you guys. Austin.
Unknown Speaker 2:19
I typically take the bad news first, as well.
Unknown Speaker 2:24
Well, if everybody here is dying for the bad news, you're going to have to skip ahead in the video, because we're going to cover that next. But let's start with some good news. So I'm going to share some really exciting things, we can kind of break this down real quick, on the pull up this screen to share with you guys. And then we'll jump in. So all right, here we go. Okay, first and foremost, this is really exciting news. So I'm out in West Texas. Austin's out in California, Jeff's in Miami right now. But for all my West Texas people are those who are close to oil. This is a really interesting news. And some of you guys may have heard this, but the oil industry and fossil fuel companies to include Exxon Mobil is actually working on conversions right now of how they can use their excess energy, which if you're out in West Texas, or have ever been around oil, you see, when you're driving around at night, you can actually guys look out into these fields. And you see they're actually burning off this gas. So you got these massive pipes that are shooting fire, you know, 10 plus feet up into the air, it's pretty crazy. But they're looking at how to utilize this gas, to then convert it to create a more efficient energy system to then be able to mined Bitcoin. And so obviously, these oil companies are a massive driver with inside economies. And Exxon Mobil is definitely one of the leaders. So Exxon actually launched a pilot project, just a few months back in North Dakota, what's called the Bakken shell, and there's oil fields out there. And they're they're working across multiple different countries now to be able to utilize this energy for Bitcoin mining. So these are multi multibillion dollar companies who are now working to integrate this as a part of their normal structure normal system. So for all my old guys out there, very interesting thing, right? Because, you know, I'd say a lot of the oil companies we can talk to is this is a more maybe a more conservative country as far as where everybody's at and they think, Well, you know, this technology is Bitcoin, this is kind of this extreme, far different thing, and we want to stick to kind of what we know, but, you know, guys, everybody's getting getting a part of it. You got to start seeing what's happening, you got to see how the transitions are happening and see how this is not just some wild technology that some futuristic, you know, you know, Ponzi scheme of like dollars that are, you know, it's just gonna go to zero. This is a whole new asset class. It's a whole new industry, and it's servicing and creating opportunity. And he's in a multitude of different markets, blockchain technology will actually impact you know, every market out there. And it's something that we got to start realizing. So neat, neat news from Exxon Mobil and many other oil companies out there working to integrate mining. And this is another one on mining. That's an interesting news. So fidelity. And I shared this with Austin today. And Austin's like, oh, yeah, I already knew about that. I'm like, Okay, thanks. Thanks for making me feel silly. I'm like, I'm like, I got this cool news, Austin. And he's like, you already know that, Zach. But that's, that's why he's on the team, because this guy is always a couple steps ahead of the curve. But fidelity is actually going to be offering Bitcoin as an option in their 401 K's. And so fidelity is a massive provider for 401 K, so for all of their investors will now have the opportunity to invest into crypto. And as more money comes into crypto, everyone, you got to realize that as money is coming into the system, even though the markets are down right now more money is coming in more demand is coming in, you're actually seeing a massive amount of money flowing out of the stock market and moving into crypto, right? The fundamental foundation, the infrastructure of crypto is growing day over day and more money is starting to move into this market. So awesome. Would you say? What percent? Will? Will they be able to allocate from fidelity?
Unknown Speaker 6:28
You're starting with 20% of your 401k can go into Bitcoin? Noticeably? She's a lady boss, and has been a huge Bitcoin advocate for I think you said 2014 I just know she's been leading the way in the traditional space for a long time.
Unknown Speaker 6:47
Yeah, so I think we're gonna cover this on the next one, because more stuff is coming out about it. But I'll just kind of give a little teaser. For those you guys that are listening today, I want to see was 2014. But there was a a private meeting here recently. And fidelity was speaking at it. And they actually shared that I believe they said they've been mining Bitcoin, you know, kind of, you know, not secretly but quietly, since about 2014. So fidelity as a company has actually been involved in the crypto space for many years, and is now working and making some transitions to help kind of lead the way even more. And so this is Jeff's favorite news, because this is his old stomping grounds. Right, Jeff?
Unknown Speaker 7:30
Yeah, good old. Yeah, I mean, great, great company, but go ahead and let him know. Yeah.
Unknown Speaker 7:38
You didn't want to talk about IT guy. So for those, I'm just gonna, I'm just gonna say Jeff used to work at JP Morgan. And then he decided to spread his wings and go full on crypto at that time. Come on, Jeff. Let
Unknown Speaker 7:51
that be Yeah. Yeah, I mean, that time. So this was yeah, this was in 2017. And I was literally trading like crypto on finance.com. I have a hotspot on my laptop, like, to the right of like our computers. And that was the time when they were also, you know, I was literally doing that when they made the announcement that if any of their employees are holding cryptocurrency, they won't be employees anymore. So I'm like, Well, I probably got to get out of here. So I ended up leaving there in 2018. And then, yeah, I've been professionally in the crypto space since then. But yeah, they used to say obviously, Bitcoin and crypto is a scam and a fraud. And now the tides seem to be turning actually, the first thing they did after it was like a scam and a fraud. I think it was like a year after they said that in 2017. That, I think they launched it in 28. They launched jpm coin, and I think 2018. And then and then now they're actually they just started to recommend investors to start holding it. I think they said 1% or 2% or something is prudent for investors to have exposure to Bitcoin. And now they're saying that I think two things number one, this right here, they're saying bitcoin is undervalued by 28%, which is a big deal. Because like 29k, at the time of this video, and then what was the other thing, Zack, they said, well,
Unknown Speaker 9:19
well, they're essentially saying that they're now seeing cryptocurrency as their preferred alternative asset. So if you can look right here, they're saying that right now, they think that the fair market value is actually closer to 38 28% higher than where it is right now. But but it's actually that a lot of they're actually moving money away from some of their real estate projects and towards crypto. And that was the other side of it was that they had money moving away from real estate and into crypto. So you know, again, you know, for those of you who are saying this is just a speculative asset class. You got to realize that some of the biggest money movers In the world are now saying they're moving moving money away from what everybody considers, you know, the long term stable asset class, which is real estate, right. And we everybody on this call loves real estate, right? So, you know, we still do a lot in real estate, and we're still growing in real estate. But what I'm trying to demonstrate here is understanding that this actually really complements your portfolio. If you are a real estate vest investor, if you're, you know, investing into oil in these different alternatives, you know, this is another area where you should really be considering allocation, because of where it's going. Or at least, you know, if you're not considering it, you can clearly see that all the biggest money movers out there are actually making shifts, and they're, they're beginning to consider it as well. So, you know, Jeff had to step out on a limb, leave leave a massive company years ago, because he believed in it with conviction. And, you know, now that companies followed suit years later, now, they're the one following following you, Jeff.
Unknown Speaker 10:58
I'm hiring.
Unknown Speaker 11:01
Right, right. So, yeah, these are just some some fundamental news, because we're gonna get into some things that I'll just tell you, you know, there's some some choppiness in the waters right now, right. And so, you know, with that, you always got to keep a clear mind and clear picture. And so I want to share some of this fundamental news, because as we look at everything long term, it helps maintain perspective, right, everything can look real crazy when we zoom in, but when we zoom out over time, we can really see the strength and the growth of the asset class. So we're about to zoom in. And Austin is going to zoom in on some of this stuff, for those of you who are here for the technicals. So you can take a look at the on chain metrics, and everything has happened with inside the market. But for all of you who are looking at this, as an asset class know that the fundamental value in the infrastructure is growing day over day. And we're dealing with price fluctuation presently, and volatility, and some other market dynamics and things like that. But as we break those down, it's always good to keep perspective on both the shorter term and the longer term, as we're making decisions on how to allocate and when and how to deploy capital. So Austin, I'd love to flip it over to you and kinda like to take over and kind of break down some on on chain stuff for everybody.
Unknown Speaker 12:12
Cool, yeah. Would you like to share my screen, please? Thank you. So more technicals. Less on chain. Like Zack was saying, it's good time to zoom out when you're really scared. And just make sure you see the bigger picture of what's going on. What we're staring at here is the total crypto market cap. In early November, we were we peaked at $3 trillion. So that's all coins have combined are $3 trillion dollars. Right now we're sitting 1.17 8 trillion. And we have some strong demand right here, right at 1 trillion, which is a psychological level. So we are expecting another like one leg down and hoping that's kind of where we start to build a base and move higher. So the total market cap is a great tool to look at, I mean, we've lost 1.3 trillion or 1.8 trillion. So that's 1.1 point 8 trillion last in about seven months. Another thing to notice is like in those seven months, we've only had about three or about eight green weeks total. So we are so we have been selling off and we are pretty much oversold so due for a strong bounce. This is a great trading environment, lots of volatility. And also want to show you the Bitcoin dominance chart. So this is look right here we're sitting at 46 and a half percent so that means of that 1.1 8 trillion year 46% of is Bitcoin. And so this tells us a few looking at the Bitcoin dominance tells us a few things when you see the Bitcoin dominance drop hard. That is usually a very bullish because people are exiting Bitcoin or they're just buying a bunch of alt coins, these alt coins are shooting up, they're chasing the money, they have FOMO and that's kind of what you can see on this rise here is at the same time that you've seen this down here. So we're seeing this rise up. That's also telling us people are getting out of all coins. They're taking the go on risk off or and they're they're accumulating more Bitcoin or sitting in cash to, to kind of wait and see what's going on. Of course, there's a ton of different things going on right now. So to quote the great Warren Buffett, be greedy when others are fearful. Fear is all over the place right now. So you can see for the last month we yesterday and now extreme fear we've gone from 21 all the way down to 12. It does seem like the world is ending and you everything's going to zero but in reality, this is where you start dollar cost average. Jim, this is why earlier we talked about having that 30% Cash Position, these are the times to deploy, you're never gonna get the exact bottom. That's why you dollar cost average to average your, your price down here. And that's what we've been doing, we started slowly deploying now. And if we get around this 1 trillion mark, we will be deploying very heavy. And it's important to have these strategies prior to getting into prior to price getting into this level, so that the psychology side isn't really messing with you, you're looking here non bias. And when it gets here, it makes sense for it to bounce or even bottom, and this is where we're going to answer. And instantly start building up base and go back up. Of course, the global economy, the interest rates, the stock market, tech, everything's, there's nothing, nothing good in the macro economy right now. And so it's no surprise that Kryptos following suit, especially being a super risk on speculative, speculative asset.
Unknown Speaker 16:03
And, you know, one note on that for everybody's listening as Austin saying, you know, being a risk on speculative asset, the description of that is based off of how people are participating in the market right now. So that's how that's how the money is participate in. So people are moving in and out of it. Right. So right now, most people are treating crypto as what they would call a risk on or risk off assets. So when people are being more optimistic, they turn their risk on a little bit more, and they begin deploying more into crypto. And then as they become risk off, they're saying, Okay, I want to, you know, reduce my risk some, so they start pulling away from crypto a little bit more same way they do with like technology, stocks, and even, you know, equities, you know, stock market on a broader scale. But, you know, I'll just tell you, even though the market may be trading that way, as we look at the fundamental value that this market is creating over time, and the utility and the adoption that's growing day over day, it becomes a stronger asset class, you know, week by week, from my perspective. And, you know, another thing you mentioned, Austin was about, you know, this creates a good environment for trading. And so some of the questions that I get is like, well, you know, what are you guys doing right now, you know, inside of the market? So, could you maybe describe one of you guys maybe jump in and kind of describe what swing trading is? And help people understand that?
Unknown Speaker 17:27
Yeah, sure. So to further emphasize this, right here, there's a nice 12% Jump in the Bitcoin dominance. This is, so this is three weeks ago here. And this is kind of when we started getting scared in the market, we decided to cut our smaller coins. A lot of it we kept in cash, some of it we added to Bitcoin. And then this is the exact reason why Bitcoin is outperforming typically, every time price is dropping, bitcoins going to outperform on the way down, I mean, it's going to drop less than, than the others. But to answer your question, like Bitcoin, if we zoom in more on a four hour chart, even, like these kinds of bounces, like from this bounce to here, like, that's nice, 16% and literally a day, you look in here, and these are just Bitcoin 9.8 Give, if you want to see like some stronger bounces, you could go to, like, fan on or something where you're seeing 82% Bounce, right? 36% Bounce, like 72% Bounce, even though it isn't a downtrend. And ugly, this is where you, you don't you lose the investment side and you make it just a strictly a trade. And this is where you could capitalize on on making a lot of money, you just got to make sure that you are very loyal to your risk management and not getting stuck back home.
Unknown Speaker 18:59
Yeah, so it's not necessarily an easy thing to do, from the trading side at all. But it is something for for those who are experienced. And this is something that we do and incorporate into our operations is some swing trading to help mitigate some of the downside risk and help find some opportunity in some of this sideways and volatile timeframe. So appreciate you breaking that down. But that's just coming in at these lower entry points and being able to have some buy orders in at a certain point some sell orders and then you're making those decisions on a daily basis or a shorter term basis, you know, at from a trading position whereas Austin said it's different than an investment investment is where you're pulling in and then holding on to that over a longer term. So Jeff, why don't you jump in real quick and share some more on you know, you got anything you want to add to what we just covered?
Unknown Speaker 19:58
Yeah, I think First and foremost thing a lot of people have not even been in a bear market, especially in crypto because it's somewhat of a new asset class, they don't know how to handle it. So I think what's really important, like Austin said, is like having being a prudent investor, you need to hold some portion of your portfolio and cash to bring some stability and also buying power. So one thing he did not mention, or I guess he did briefly mention is we cut some of our smaller cap coins. So if you go to like coin market cap.com, it sorts all the coins by how much money are actually in those coins. And during, you know, bearish times, especially when you have, you know, global circumstances like we do right now, the coins that have a much smaller market cap, they're likely to go down by a much higher percentage than coins that have, you know, 50 100 $500 billion in them, if not a trillion dollars on that. So it's important to realize that aspect as well, if you get stuck, or you or maybe your your, you know, form of dollar cost averaging is into coins that are 20 million 50 million market cap, a lot of those are not going to come back after a bear market. And the reason is, because they will go down so hard that people will just be like, alright, well, this is done and they'll sell it kills the community, and then what the developers would just then go do, there's no point in trying to revive an entire brand name, they might as well just go develop a new project and start over. And that's like, what will happen if you keep you know, dollar cost averaging these like, random coins that don't have much utility that you're just trying to get 100x on. So I think that's one of the biggest mistakes I see unfortunately, people making and I think it's really important to Furthermore, you know, understand the market capitalization, why there's more conviction and coins that have a higher market cap, and then doing your own research into the utility people all that stuff, another, you know, strategy that we have implemented and in the fund as well as an income side. So like, I think it's also important if you're holding assets, yeah, you could definitely hold them in cold storage, where you're not being paid anything, but maybe you know, a portion of your assets, you consider holding in a place where you do generate income from right. So that could be interest bearing accounts, hold on Celsius, Nexo Voyager or something like that we're getting paid to hold. Another thing that we do is like we like to invest into fundamentals and infrastructure, we really do believe that blockchain is going to be massive, I actually just saw it, we should have probably pulled up this article. But the World Economic Forum is predicting that $669 trillion worth of assets is going to be tokenized. On top of on top of blockchains. So the 669 trillion, that includes the derivatives market, the real estate market, the stock market, which is a really, really big deal. So you know, and that, and the reason why that may happen is because, you know, it just makes markets more efficient and allows pretty much decentralized ownership, and fractional ownership of all assets around the entire world. So what we want to do is we don't we can't predict when that's going to happen, we can't predict exactly which chain that's going to be on we can't predict what coin is going to be the largest market cap and 10 years. But what we can predict is that you know, if blockchain does grow to where we believe it's going to go and all these other institutions and and governments believe it's heading what we can do is we can invest in the infrastructure of blockchain. So we have been slowly starting to invest in the infrastructure which you can do through you know, you can you know, mine cryptocurrency, right? If you want a mind on a proof of work blockchain like Bitcoin. That's why companies start to mine. Crypto, because that's kind of an infrastructure play combines real estate, and crypto, but it also has returns of cryptography getting paid in cryptocurrency. But one of the more popular types of blockchains now are proof of stake blockchains, where you can run validator nodes through like hardware or through cloud servers. And pretty much what you're doing is just you're just writing code, and then staking some of the coins. So you buy the coin, and you put the coin on top of the node and the node validates the transactions on the blockchain.
Unknown Speaker 24:23
Yep, before we dive more into the technicals, I just want to share for all of you that are listening right now and you're like, Okay, this is starting to go over my head. Yeah, that's okay. You can stay in and we're gonna keep talking about this and just gonna break it down on a more technical level. But for those of you who know you want allocation inside this space, as we're sharing this with you guys is information to educate you. But, you know, I know that you know, those of you watching this, you guys know, this is what we do for the investors in our fund. So our hedge fund is actually helping with all of these decisions, helping and choose where to allocate what the best infrastructure projects are helping choose how to swing trade, when to swing trade, helping choose how to dollar cost average into the market, helping choose when to deploy capital, when to bring capital back in. So all of these things that we're describing, we're helping you guys understand. But if you're not the one who wants to dive into the technicals, and you're just saying, you know, you believe in it, and you want to keep dollar cost averaging, and that's one of these opportunities where even into the fund, if you're saying I want to dollar cost averaging to crypto, but you're saying I don't want to go run my own crypto portfolio, or you're already one of our investors, I mean, this is just one of the considerations. If you're thinking about continuing to grow your allocation here, you can allocate and dollar cost average into the fund as well. And so for if you're in a position where you're an accredited investor, or you're, you know, one of our current investors, you know, we're sharing this with you guys, not not because we think you need to know every single technical thing, but we want to share it with you. But then at the same time, we just also want you to know that you have the same opportunity to dollar cost average into the fund rather than dollar cost averaging into a portfolio that you're trying to own and manage. So, Jeff, I'm gonna turn it back over to you for the technicals. But I just wanted to pull this up real quick. Obviously, if you're already with us, you already have direct lines of communication. But if you're interested in learning more about how you can continue to dollar cost average into the market, via our our actively managed index via our fund for credit investors, if you just text the word info to this number here, 87777106515. It'll connect write to us, we'll visit with your member of the team, we'll get with you. And then we'll obviously help this take care of all these things, you know, on your behalf as you invest into the hedge fund. So for those guys who are taking a look, yeah, you can take a look here and then. Alright, Jeff, I'm turn it back over to you break down these technical because I know we've got some listeners here that want to know more about how to jump in on the infrastructure and writing code and everything for the validator nodes.
Unknown Speaker 27:00
Yeah, yeah. So it's to kind of summarize what it is instead of like, let's say there's the bank behind me, right? This is this is Bank of America right here, right. So when you send money, when you send a wire, someone here has to verify that the wire is actually meant to go to that person and that there's not fraud, right? It's the same way that a blockchain is working. So instead of having this building with all these employees, and computers, and fax machines and phones, it's a protocol. And what happens is these validator nodes and the the mining machines, they are just becoming pretty much the bank that is verifying and validating the transactions. So that's all that's happening is like, that's why it's considered infrastructure, because you are literally investing into the blockchain to help it operate more smoothly and efficiently. So we found like a few projects that we do, like that's more on the on the infrastructure type play. One of them is called the pocket network. And it allows you to validate on a bunch of different blockchains so that they support dozens of different block chains. So you can kind of pick and choose which blockchains you you want to validate for. And it sits out as like an outside layer outside of the blockchain. And you can kind of point your validator node nodes at certain chains to like help validate those transactions between the applications that are built on the blockchain. And so it pretty much sits between the applications and the blockchain. And it just relays the information between the two. So that's one of the projects we've been looking into, you know, and you can also run validator nodes on Solana, you know, or on Aetherium you can even run your own Bitcoin node, but primarily the the income that's generated through the Bitcoin network is through the miners. So there's different like blockchains that have different types of opportunity. And we've started to take advantage of that opportunity, because we understand the infrastructure plays is going to be a very, very smart player over the next decade. And number two, we also want to hedge the depreciation in the market, right? So we're in a bearish time any type of income helps us offset losses, unrealized losses that are inside of the fund. So that's just another strategy that we do have come in and take advantage of because again, we think it's a really smart investment long term and number two, it helps hedge against bearish price action.
Unknown Speaker 29:25
Nice. Alright guys, well, anything else that you think the good people need to know before we jump off?
Unknown Speaker 29:34
I would just say always remember that markets move in cycles and bear markets while they are scary. They almost always the best opportunities to change your life for the better and it's a good point it doesn't it doesn't make sense or it's hard to justify in the moment, but afterwards, you're you always see it come to fruition. So Just don't lose sight of the bigger picture. Try to not play with or try to not make decisions with emotions and just know that history repeats itself. And this is just another one of those times where it's a great opportunity to be investing and further and better in your life.
Unknown Speaker 30:18
That's good. Yes, that's really good. I think that goes back to what you're sharing on the fear and greed. And not just that, I mean, because that can be a shorter term. But I think it's good for everybody know that these cycles have happened in crypto numerous times. So it's not the first time we've seen pullbacks, we've seen sideways action, we've seen more of a bear market. And like Austin said, you know, these, these create some of the greatest opportunities throughout history. And so not only is it you know, coming in and making the right decisions on where you're allocating capital, but when you're allocating capital, you know, not everybody gets the opportunity to come in to an asset class at a certain position. And so yeah, definitely keep that in mind as your process. appreciate you sharing that awesome, Jeff, anything else?
Unknown Speaker 31:08
Nope, you guys are so smart guys. Everything they need to know.
Unknown Speaker 31:13
Yeah. Well, I appreciate that. I actually, I will add something else real quick. And, Jeff, I'll have you maybe share the link. But for those you guys who who don't already know. We're all going to be down in Miami right? Next weekend, Jeff's hosting the investor conference down in Miami at the Hard Rock Hotel and going to be speaking and sharing and educating on crypto on real estate. And so we'll definitely give you guys an update on all that if anybody's in the Miami area are going to be in wants to be Jeff, what's the what's the link? I'll drop it in the banner real quick.
Unknown Speaker 31:52
I can grab it for you. I will actually drop it in the comments. And then
Unknown Speaker 31:57
okay, yeah, drop it over. Everybody can see that. And then we'll try and get I want to make sure you guys get some some good content from that we'll share some of the takeaways and everything. Whenever we jump on, not next week, but the following week so that everybody can see that. But yeah, really exciting stuff going on down down there. Appreciate Jeff hosting. So once you sent that over, and oh, there it is. I got it. Okay, well. Alright, here we go. This is it right here, everybody. So if you just type this in right here, you'll be able to go and take a look at that. If you're going to be down in the area. Definitely come out and say hello, we'll see. See all you guys in person. I'm going to be there. Austin will be there. Jeff Blake is going to be there and you guys will really enjoy it. So anything else on that Jeff?
Unknown Speaker 32:59
No, it's gonna be an awesome event. It's all it's all around cryptocurrency and blockchain and how to make sense of investing in it. So it's going to be a really, really great conference couple 100 people there and we'll have a lot of our team members there. We'll have about 80 of our investors, so it should be a really, really great time.
Unknown Speaker 33:19
Awesome. Alright guys, have a blessed day. We'll see you next time.
Transcribed by https://otter.ai