CRYPTO State Of The Market - Is Crypto Melting? and What is APE Coin? ---------------------------------------------------------------- Get the insider info on crypto investing! Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle Text “info” to (817)771-0615 or email info@boroncap.com for more information on investing in our crypto hedge fund ---------------------------------------------------------------- Everything is moving fast when it comes to Bitcoin adoption. Are we too late? The best advice we can give is to start now! Get an understanding of how Cryptocurrency works and be patient. Join our weekly live show to learn more about Crypto!
KEY TAKEAWAYS:
00:00 Intro
01:15 24% of Americans have Crypto Wallet
01:55 CEO of Grayscale working on Bitcoin Spot ETF
02:50 IFS releasing Crypto trading platform
03:42 Brazil has a bill to regulate Bitcoin
04:27 Vietnam to use Bitcoin as legal tender
05:00 Bison Bank is the first crypto licensed in Portugal
06:00 Morgan Stanley of Lightning Network thoughts about Bitcoin as a small payment
08:00 Bitcoin daily chart update
09:15 What's the reason Bitcoin was bearish last January?
10:10 Why stock market went down?
11:00 Exchange net position change update
13:30 What does cash position means?
14:37 What is an APE coin?
15:00 Difference between Fundamental vs Technical Analysis
17:00 What does it mean when an investor is hodling?
18:30 Fundamentals in choosing a Bitcoin to invest with
19:00 Confluence of fundamental and technical analysis
20:19 Importance of dollar-cost averaging
20:35 Why invest in Ape Coin?
22:00 Yugalabs Land Sales (Otherside) vs Metaverse
27:10 Importance of using both fundamental and technical analysis
31:25 How to invest in Cryptocurrency with zero knowledge?
34:00 Best advice from Blake, Zach, and Austin
#bitcoin #boroncapital #thesolomoninvestor
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Get the insider info on crypto investing!
Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle
Text “info” to (817)771-0615 or email info@boroncap.com
for more information on investing in our crypto hedge fund
----------------------------------------------------------------
*Other Episodes of The Solomon Investor Show CRYPTO ADDITION*
U.S. has $3.6 Billion in Bitcoin!? Russia makes BTC Legal and Inflation soaring
https://youtu.be/bXsgi2Nc64A
CRYPTO State of the Market; What you need to know today
https://youtu.be/hgiQg4VQwwQ
Don't be a Part of the "Wait and See Group" - Start Investing in Crypto Now
https://youtu.be/pWpDKoMBCJk
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
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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 0:13 All right, we are good to go.
Blake Templeton 0:15
Hey, welcome everybody. This is the boron capital crypto market live with them Do you every single Thursday, sharing exactly what's happening helping you cut through all the noise, all the camouflage that drama that you see on the news and bring you exactly what's happening and how you can move into the digital space how you can actually remove yourself out of what we would call volatility, which is in the stock market, or in other areas and move into cryptocurrency where exponential wealth is being made right now. I want to go deep right now guys into the facts what's happening? There's so much news. As we've been going through the news before the show, guys, it's happening so fast the adoption of everyone understanding. Here it is, there's 24% of all Americans have a cryptocurrency wallet, are you there? Like do you have yours because it's now there's more people with a cryptocurrency wallet than actually have a US savings account at a savings account at the regular bank. So that's how fast it's moving. The digital space is being taken over. And we want you guys to be a part of it. Austin has some powerful information about the optics and metrics of what's happening. But before we dive into that, let's just talk through what's happening what's happening in the news for cryptocurrency and Bitcoin. Last week, the CEO of greyscale came out and said we are working proactively with the SEC to convert their GBTC coin into a spot Bitcoin ETF. Now, this type of news is revolutionary, because it builds building blocks for everyone else in the institutional space. So there's trillions of dollars looking to move over. And it's these little building blocks of massive wells in the traditional market moving into cryptocurrency. So really powerful news. And everything like this should help you gain your sea legs and realize how powerful this shift is. Another item is the largest processing and payments company in the world, which is ifs they're set now to launch Bitcoin and a crypto trading platform. So this is massive news when when a large company such as this realizes that everything is in the crypto in the digital space and they've got to create a new platform for it. We've talked about multiple different things with different countries legalizing Bitcoin as legal tender. I mean, this is like unheard of this is Bitcoin is a sovereign currency that's been now sent and legalize in other countries. So now we have another one. We have a bill. As of last week, we have a bill for Brazil regulating Bitcoin in the crypto market to actually be approved this year. So what's that do? It regulates Bitcoin as legal tender? And that's expected to be approved this year? We've already talked about El Salvador, Malaysia. And the let's see, we have the
Malaysian government is has is now proposing to adopt a Bitcoin as legal tender viet-nam. Two weeks ago, Viet Nam ordered their central bank to create legal framework for Bitcoin. You now have lots of individuals going into who are in politics, so senators or people who are coming in, for instance, the Canadian candidate for prime minister is strong in his proposal for Bitcoin to be legal tender for the Canadians, saying that they deserve to have freedom to use whatever money they want to. So there's so many different things like this that again, these are Bill Building Blocks is a building blocks for what's happening in the news you get, you know, US Senator Ted Cruz says I'll be fine with Bitcoin as legal tender for the United States. And that's a strong statements for the United States for a US senator to come out and say these things. Now, it takes time for something like that to move through a country like the United States, but this is the building blocks. On April 15, the Portugal central bank granted the country's first Bitcoin license to bison bank. So, bison bank is now licensed to Actually Trade or, or sell Bitcoin from the platform of a bank. Powerful, it's transformative. In Portugal, there's many more things like this. Last one that I'll leave you with, though, is that Morgan Stanley came out and said, bitcoins Lightning Network. So I'll explain that in a second Bitcoins, Lightning Network is more practical for small payments than a debit card. These statements like you can't make this stuff up and who they're coming from. So the Lightning Network is where we can send money to someone in another country. And it happens immediately, or we have, we're going to use a custom Bitcoin, debit card, and we're going to go to a restaurant. And when I slide that credit card, or that debit card at the merchant counter, the Lightning Network is so fast, that it as soon as it swipes, it transforms the Bitcoin or translate that Bitcoin into the currency that you're currently in. And that current and you're paying in that currency. So Morgan Stanley is saying, that's way more practical than a debit card. So again, these are building blocks. And as you see these building blocks, continuing to add, I mean, I just named, oh, gosh, what 789 10 of those. And that's just in the last week. So these are massive building blocks that are creating sustainability. And they're creating a movement and adoption for not just the everyone around you, but for the institutions. And so the institutions then draw 10s of trillions more dollars into this market. And this is the future. So, so exciting. Lots of things moving. And now let's shift to the optics. Let's shift to show some charts and graphs and what's really happening in the actual numbers.
Unknown Speaker 7:53
Cool, yeah, let me share my screen and start getting after it. All right. So here we are with the Bitcoin daily chart. 2022 started right around here, we've kind of been just chopping around all year long, there's been a lot of uncertainty, obviously, the global macro economics with the war and the interest rates, which we'll get into in a second. So the market is kind of an undecided on what to do. So this is why it's been good to have a little bit of a higher cash position. Some people on a technical level, are saying this is a massive bear flag for me and I could see it but I also am not fully sold on it, we could go into the coin metrics in a second or an on chain metrics in a second and see why. But if we zoom in a little bit, let's go in like a 15 minute chart even today, we saw mass, we had a massive morning and then a massive drop this afternoon. If if we look at the stock market today, this was just a pure ugly day market opened with a gap up and then just down only almost no bounces at all the whole time. So you kind of want to understand when you see like Bitcoin drop into like, hey, what, what could be the reasons going on here? So I like to think this this early April drop was due to tax season. So I'm in this boat where April 15 comes around, you have big gains and 2021 that you have to pay for a lot of people wish they sold and held some cash up here back at 69,000. But you wait as long as you can we get this nice little bounce up going into the end of March. And so people including myself had to just lock a little bit into cash just to pay the old Uncle Sam so that's what I kind of see this job for we we bounced on support. We're holding support, so nothing too hard to worry about here. We did in boron deploy some chat nice capital at 39.1. So really not Last century, we also added some AYP coin, which I'll go into. But then today, once the stock market open, everything just turned around. And so why did the stock market go down? Well, Jerome Powell was on TV all day just talking about inflation and raising interest rates to kind of curb this. So he's pretty much saying we're expecting a half a point increase in May. So that obviously hurt the market. And in the short term, the crypto market likes to fall, follow the stock market. So we saw a bloody sell off. I'm sure you guys saw it like Netflix as well. I mean, talking about an ugly chart, this thing is down 70 69% from from late 2021, that hurts that mean point. Yeah, right below 100 mil 100 billion market cap like this is, this is kind of crazy to look at. So on a more positive note, let's look at the on chain metrics. So here we have the net exchange, net position change. So if we zoom in, we can see all these coins leaving exchanges. So we talked about this a lot, a lot of the podcast, but when you see coins leaving exchanges, that essentially it becomes illiquid, they're probably going on to a hard wallet where they're not going to be sold. So this is a very bullish sign, it's good to see coins leaving the exchanges, we could also see the long term holder position change. So this is green. So well, let's if we zoom out a little bit, you can see that when the long term holders are coming in, they're accumulating. So we're back in accumulation mode here, which is very good to see. It's there, we're not seeing long term holders exit, which is that's where it gets kind of dicey. Here's another thing I like to look at. And these are kind of monitored monitoring the whales. So the blue is Aetherium. And the brown is Bitcoin. And what you can see here is the Bitcoin whales, these are addresses with over 1000 coins in their wallet. So the the number of wallets with over 1000 coins and Bitcoin is rising. Meanwhile, all of April eath is dropping, this the eath dropping is not as concerning as I've seen it happen numerous times in the past, and it didn't really affect the price. But it is nice to see these whales accumulating right here. So on a on a macro level, it's it's been just a choppy 2022 overall.
Unknown Speaker 12:44
Holding it, holding a cash position keeps you in a good position both ways you have ammo for when it goes down. And also with the beauty of default you're earning interest as we're you're just sitting patient on your cash position, your stable position, wait. And so that's kind of what we're how we're gauging the market right now.
Blake Templeton 13:05
So share more about that. So for those of who those who are watching who don't understand or or haven't seen other shows, we're talking about our hedge fund and on digital and what you're doing and destroy our strategies. When you're talking about cash position, what does that mean? You know, when we're using that as a strategy, what does the cash position mean?
Unknown Speaker 13:28
Yeah, so pretty much the cash position means your, your temperature on how you feel the markets doing when you have a low cash position, that means you're deploying not cash in their coins, you're, you're raising your exposure and your risk. And so you're you're bullish, we're being where are we?
Blake Templeton 13:47
And where are we keeping that cash.
Unknown Speaker 13:49
So we're keeping the cash and a combo of a couple of different stable coins USDC us t a couple of different exchanges that are earning US interest anywhere from 9% to now 19%. So we're literally getting paid 19% on our cash position to hold it. I think to start April, we're like 20 to 23% Cash, we're down to like 11 12% cash. Now we we saw the market dropping and move the because you have to move the staples out of these interest bearing accounts in order to like put limit orders in through a limit order in about two days before it filled for 39,100 for Bitcoin and then also started building a position in a Bitcoin. So a coin is a perfect example here. Let me pull my screen up again, actually. And show you a
Unknown Speaker 14:46
maybe before we jump into a boss, and while you're pulling that up, it's probably just a good time just for those of you who are watching, the reason why we cover multiple different factors here. What Austin's showing you is more of the technical and analysis, what's happening with the actual charts, what's happening with the movement? What, what is what is going on from a technical analysis point, you know, he mentioned like a bear flag, that's a terminology that the traders are looking at, to show what might be the next thing that happens. What Blake shared is fundamental analysis, these are the things that are fundamentally changing with inside the market as a whole, what type of retailers are now using it? What type of systems are now being implemented on a broader adoption scale, where people are going to not just be investing into it, but utilizing it on a daily basis, what type of, you know, companies are now going to be putting more money into the market? Right. So even on a fundamental side, there's different things happening from retail use to investment use, right, you have the Blake's mentioned institutions, he's talking about large buyers of people that are looking to deploy capital. So as new regulations come in, and as these new regulations are happening, they're positive overall for the market, because then it gives access to the major institutions to be able to more easily deploy money into the market, when more money comes into the market, that then increases the demand, right, and then when demand goes up, obviously prices will rise with it, right. Because with a lot of these things, especially the things we like to invest into, we're looking for more deflationary things, or things that are not inflationary, therefore, there's a limited supply, and supply is limited, demand goes high, and prices rise with that. So those are some of the fundamental things we're looking at, then lectures about the retail stuff, well, that's how many people you know, on an everyday use are using it, buying with it, selling with it, trading with it, making purchases with it. And there's integrations of things happening all across the board for easier retail use. So we're covering a lot of different areas. And I think it's just important to kind of, you know, set those up. And then, you know, Austin comes in on the technical side and shows you, okay, these long term holders, these are the like, that's going up, meaning there's more people saying, I do not want to get rid of this, I want to keep it, which means they there's a demand to hold on to it, and the longer people are holding on to it, it means that the demand is higher, and we're seeing that people are expecting it to grow in value. That's why they're keeping it. And then there's more coming off the exchanges, which means people are saying, I'm not selling it, I'm keeping it. So these are different confirmations of that same sort of thing. And so, you know, each of these things are kind of looking at a different factor. And for us, as a group, as a fund as investment managers, we're trying to look at all the different things in Put, put together these considerations and saying where and how do we want to deploy capital, manage capital, and to you know, help decrease the risk while while, you know, helping to increase the return. And so, you know, I just wanted to kind of recap that. And, you know, now it's probably a fun time to just transition Austin, you know, has a new project that, you know, we're all excited about. And so we thought we'd share it with you guys. And you guys can take a look as well as well. So, Austin, you're gonna help help the good folks at home? Break down a little bit on a point.
Unknown Speaker 18:11
Yeah, totally. And what you said is exactly correct. And so to kind of piggyback off that, fundamentals are definitely the core of what we look for and where we start for coins. We're picking that we like the fundamentals, the four pillars that the utility What is this? What is the purpose of this coin? Why is it even needed? The team who are the founders, what's their background? Are they still with the coin? How much percent of the total supply do they hold? The coin metrics inflationary deflationary disinflationary things like that transactions? And then adoption? Is the community growing? Is the transactions per second, like sustainable? Are the total number of unique wallets growing? Is the ecosystem being invested by private equity and venture capitalists? So those are the things we look for before we even look at the charts. So what we want is Confluence. We want to see bullish fundamentals, bullish technicals, which are the charts and then also now it's like, with the on chain metrics, this is a third thing that traditional finance doesn't have, because we could see the on chain activities, there's three ways to add Confluence and, and so to kind of keep going is like Bitcoin might be in this whatever confused stage where it's kind of just chopping around and we don't know what's going on. But the technology in general and blockchain is growing, where there are new coins and new projects, and plenty of teams and developers building at all times. So just because Bitcoin isn't doing much doesn't mean that there's no other good opportunities out there. And here's a perfect example. So in boron, we started buying I think 10.9 was our first pie. So literally like, I mean, we probably got it right here and then we bought more Down down here. So
Unknown Speaker 20:02
like roughly here, like up to there was a 61% gain still sitting out at 34% gain. Honestly, if we get back down here, I'll be looking to add even more with when you're building a long term position, you don't want to just buy everything at once you want to dollar cost average, just like you should be dollar cost averaging into any investment you have, including the investors in the fund. Like you want to get that initial amount in and then add more over time. So that way, you're not timing the market and you're just you're building on your position, it's all about investing is all about compound growth. So back to a there's a reason why I'm buying eight right now in these uncertain times. It's only a coin on buying I've been kind of trimming or, or just as we bring in more capital just building our cash position. For the most part besides a coin, so ape has some huge fundamental news. And it's got an incredible community behind it. So ape is the coin that powers the ape coin Dao which essentially is part of yoga labs, who has the board apes like the mute knaves to dogs, and they also bought the IP rights to me bits and crypto punks, which are all some of the biggest names and ft space as a whole. The Yoga labs family makes up around 30% of the daily trading activity of all NF T's. So they carry a huge weight. And I'm not just saying that for no reason that now that they have this ape coin, open, see if you've heard of them, they're a marketplace for NF T's. Well, they rip, you offered a 5% fee that they take for every time like the seller pays a 5% fee every time they sell on open seat, a huge rip off. So the speculation going on is that ape coin and in the ape Tao is going to create a marketplace for NF T's that is essentially free or close to free, at least way cheaper than then open sea and it will be priced everything and ape coin. They weren't. They weren't able to. They want to find as many ways to grow utility as ape as possible. And then so the marketplace would be huge. And that's still a very speculative thing. And that's kind of a little speculative bet that I'm looking at like, but also, what we do know is that they are building their own Metaverse called the other side. And it's going to have 200,000 plots of land. And we know that the lands is going to like the land sale is going to be dropped any day. Now it was supposed to be in the end of March. And it's almost Sunday, April. So we know it's coming soon. They are notorious for taking their time and making sure it's the right thing once like before they get something launched, including like the ape coin itself was delayed. But they're doing it all the right way, which is what's important. They're not just like lying about the days or making sure it's correct before before they move on. So with this land, so it could be huge because this is by far in my opinion, the safest and most mature Metaverse play that there is so far decentraland And sandbox, you could play around in there. And to me, it's a casino and an art gallery. All you could do on there is gamble or like look at other people's art you walk around, and it's like a outdoor museum with pictures of other people's NF t's on there, like cool. It's like obviously very early stages. So not gonna bash it too hard. But it's like, it's not really there's nothing sticky about it in my opinion. But this board like this community with with Hugo Labs, which is the parent company, when I say Hugo, I mean a coin board at all, that's all in the same thing. So this, this other verse that's coming out, if you watch the videos on like, how they're like what it's supposed to look like, like it's absolutely mind blowing the way that they've exercised and perfectly done their roadmap from day one has been spot on. And that's why the community is another reason I invest in them is so loyal the team are all the people who are investors and owners of these NF T's they genuinely care about the future of this project in this whole entire ecosystem. And so they're taking their time to figure out the staking right now that it's a Dao so all the owners get to vote on how everything works. So they're voting on how the staking works. And the coin metrics right now are very 50%, only 15 are actually funny. 9% of all coins are released only right now. And it's vested over four years, but 47 and a half percent of all the coins are going to be in this treasury. That's managed by the by the Dow. So right now everyone, all the big players are kind of trying to figure out, hey, what's the best way to manage this money because essentially, this dow at these prices is worth like 6.5 to $7 billion. And so they want to know Hey, do we really just want to pass it out to them and it's everyone and staking rewards are like, do we kind of want to like make a marketing budget and make these like real life plays that could actually further the, the whole ecosystem instead of just make the people Will who currently already own the big NF T's like the board a VHS or a lot of a coin. Like just benefit them, which is not the how you go Labs has been from the start, and I don't see him switching kind of to that, like now. So that's why I'm bullish on him, I think this land, this land sale is going to be announced literally any day. Now, I thought it might have been yesterday on 420. Like, a lot of the NFT space is as big and all that. So thought it could have been teased around that day, that didn't happen. So I think it's just going to be any day, any day now. So we're already set in pretty like even after a huge job today. So 35% profit, and literally like, what, two weeks or one and a half weeks. So great entry here, still looking to buy more, I say like we've got about two thirds of our long term position built. So looking to finish that 1/3. And then anything on top of that, I still might buy more with the plans of an actual trade where we have a full, real exit strategy for for anything on top of that, because this coins, really only a three $4 billion market cap, it's a peanut, so it's got a lot of volatility, it's got a lot of liquidity for how small it is. And it's just a traders, Paradise. But it's even more than that, since it was actually backed by good fundamentals, it's a it's just a great a great coin to be exposed to, in my opinion.
Blake Templeton 26:30
Like good. So I'm gonna ask them challenging questions real quick, before we end this. If we were to bring it down to elementary level, why is looking at why is looking at all the different metrics that we're looking at? The both of you explained in different ways. Why is that so important? And why is most people are looking from the outside in. So they're just looking at the news, which obviously is completely worthless. Why is what we're doing so important? And why is that what's driving obviously are large returns for investors.
Unknown Speaker 27:10
Yeah, so there's never really actually no one really knows exactly one source of driving factor for price. So you kind of got to find your edge by gathering trusted sources together and then making your own opinion. So a perfect example of why like just fundamentals don't work, or, for me personal experiences with Facebook stock, like multiple years ago, when the Cambridge analytical scandal came out. Because I'm looking, I'm a CPA background, I'm looking at the financials, and I'm seeing profit, profit, no debt, just printing money, I'm like, this thing is perfect. And I just go heavy in it. And then it just keeps it drops like 40%. It's like how, why, why? And it's like, well, there's outside factors more than just making money, like the people care about data privacy and selling users data and like to see you have to have a full, rounded vision of everything going on to have a good advantage of how you can make an educated decision. But the on chain metrics, the cool thing is, and the whole team we're building out to like, become expert experts in this is there's no 50 year Warren Buffett, crypto expert, like there's no one's sitting on a chair saying, Hey, I've been around the block forever. And these are the ways this is the way it's like no, we're all like fighting to be the experts. And that's a huge room for opportunity. So like we need to just kind of keep fight like finding and using every resource we can to see how we like to see what actual tools help us the best and develop our proprietary methods based on that. That's what we've been doing. But the news definitely drives like market sentiment people's, it's more like risk on risk off like today, like you know, everyone knew everyone knows that interest rates are going up multiple times this year, nothing new. But when you hear it out of his voice, again, reassuring and it's like, Oh, I'm gonna get scared again and sell off like, and because the markets are selling off, I get scared and I want to have cash, so I'm gonna sell other assets. So doesn't always make sense. A lot of investors are rational. So that's kind of why you have to have the larger view approach. And if you are trading and using leverage, you have to have very disciplined risk management strategy. Like when I was trading stocks, I would never trade on days when the Feds were speaking because it's a whipsaw. Like the every one sentence goes up, the next sentence goes down. You're straight gambling, you might as well and the VIX is like elevated so you're paying premiums, getting too in depth here, but like, you kind of just gotta like, you just gotta be patient and wait for like, wait for your your blaring signs of a good trade and then you go big in it, but a lot of money is made just sitting on the sidelines and waiting for the right, the right move. And that is something that is hard to teach because you want to think that hey, I always need to be moving my money You're out to make money. It's not true at all. You need to be patient and very patient. Like, if you would have bought the dip in Netflix yesterday. You're like, yeah, okay, I'm great. But here it goes down again more today. It's like, No, you need to sit there and let that thing marinate and wait and build a bottom. And why not buy two weeks from now when we have more confidence that it's proven to show in the bottom verse right now? Or it could just be the first leg of a huge another leg lower?
Blake Templeton 30:27
Yeah, that's really good. So again, guys, big pictures, you can actually take the the nuggets and the wisdom that we're getting you to do something on your own in cryptocurrency or you can actually invest into the hedge fund if boron digital. And so it's really good for you guys to see kind of behind the curtain. You're seeing different personalities, and you're seeing different passions, you saw Austin, gain some conviction of like, why why we do what we do. And you heard Zach share from the 10,000 foot picture of what I was sharing and what he was sharing and, and why it's so important. Zach, for those who have funds, maybe they're in the stock market. And they really don't really understand even how a stock market works. But then all of a sudden, they now have a rule that I don't understand crypto, so therefore I can't invest in it. What would you say those kind of people?
Unknown Speaker 31:25
Well, I mean, first thing is that, I encourage you to start understanding it, and start getting connected with the education necessary for you to make an informed decision. I think most people need to realize that this is a massive market that is way more than just, you know, currency. And way more than just a digital playground. This is an industry that is going to disrupt multiple different industries, because this new technology is going to be used for a lot of different things in relationship to everything that is digital. And so I think it is wise to begin allocating this direction. And, you know, your allocation can only grow with your conviction and conviction on the growth of the education. So, you know, obviously, everybody on this call is extremely convicted. But we spent a lot of time learning about it and studying it. And so, you know, if, if you're looking to make a shift, I mean, the first thing to do is just get connected and make a phone call. Like, that's how you learn. So make a phone call get connected. I mean, we've got information down in the show notes, just click below this video, you'll find ways to get connected with us to learn. We'll put a link down there. I mean, we've got a masterclass they can jump on if they want to learn more. But taking the steps necessary to get educated and get connected with with the people first thing is understanding that you want to learn the next next thing from there is taking the action to learn and move that direction. I mean, that's how we all got involved in crypto ourselves, was at a certain point. We didn't know as much as we knew now. Right? We began learning in our conviction group. And we knew it was what we wanted to build our business and future around. And so that's how we got here. And I would say that's, it's the appropriate decision. But you know, if I was going to leave one line, it would be start now, because everything's moving and shifting. And you're gonna thank yourself for taking action.
Blake Templeton 33:19
Yeah, I love that. Before we end, the reason we do this Thursday, every single Thursday at crypto market live is because this is the greatest wealth transfer ever. Yeah, I heard it say in our 15 and a half plus years of real estate and our hedge fund and our investment firm and in real estate. There's There was noise at different times in different industries. And it was always you know, this is going to happen. That could happen. This could happen. Guys, this is happening. There's no theory around it. Everything is moving west. Everything is moving online. Everything is becoming digital, the adoption of massive governments, countries institutions is happening. It's becoming this adoption. As I mentioned, there's more people now who have a cryptocurrency wallet, investing in cryptocurrency than have a US savings account. So super important, guys. If there's one last thing that you would leave each person with a phrase or quote a conviction. What would it be?
Unknown Speaker 34:37
Either I mean, look, look at crypto from inception. It's averaging what 170% A year compound. Yeah, compounded annually and so when we just dipped below 40 grand during this call like there, that's almost 50% off all time highs. You need to just buy Buy the dip and have that long term vision.
Unknown Speaker 35:03
Yeah, I think I think that's an important thing is just understanding, you know, one price versus value, you know, where are things being priced versus what's their actual value. And I think that right now, you know, crypto has a value far greater than what is currently priced at, which makes it a great buy. And I think it'll continue to be a great buy, because it'll continue to grow and gain more adoption, more utility, more implementation. So, you know, if you're going to, like Austin says, Buy the dip, you know, it's the same thing. We're talking about dollar cost averaging, whether you're working with us, or you're working with yourself continuing to build your positions over time, right. And it is shown and proven to be a very beneficial way to grow. So continue adding, continue learning. And, yeah, if you want to learn more, I would just tell everybody go down the show notes and grab the master class. We did a master class, you know, a couple hours long for private wealth group. Got it recorded? We will give it to you for free. So click down below. Yeah, I
Blake Templeton 36:09
think it's one of our most valuable pieces with created. And my last thing that leave you guys with is, you know, some of you are like, Am I too late? So you're talking so bold about this? Are we too late? And the answer's no. I won't even explain this and walk through it. The answer is no, you're not too late. We've got an entire presentation. And when you go through the masterclass, you'll see wow, this is literally just starting, the institutional guys haven't even gotten into it. So for those of you who are on the other side, you're like, I always want to be like the guy who like does the starts, you know, is in the brand new thing at the ground level. If there was no such thing as a ground level of a brand new industry, I mean, no one in our lifetime has been a part of a brand new industry or your real estate, you know, stock market those were already here when you were born. This is a brand new industry that will absolutely change the entire world. So blessings on you guys. We we love doing this for you. There's nowhere else you can go on Thursday every single Thursday to get this and you know our hearts so exciting to see you guys more educated and if there's any way that we can be of benefit to you. Let us know in the show notes again is that masterclass. And to that we're gonna sign off to your success. Be blessed guys.