0:00 have you heard of um sock coin sock yeah like the sock no like uh like sock on these nuts we're coming baby sh Anthony this guy's a little too masculine for [Music] me so the much awaited for Bitcoin ETF has been approved W which is why it's dipping it pumped all the way to like we got scoop pum to 49 look the announcement was priced in right it it was priced in it doesn't matter it's about what's coming right so the all the money all the billions of dollars that are going to come into the space it's going to come yeah he likes that um that's what that's what's important about this right $4 billion worth the tradeing the first day first day yes and now it's look like most things when
0:50 Facebook came out Facebook dumped the first four months right and everyone's like ha Facebook there's a bunch of idiots and ████ imagine if he just bought that stock back then yeah that was pretty sick move right coinbase dumped and never came back have you been paying attention he doesn't pay attention ever he doesn't pay attention no did the coinbase come back it didn't like come all the way back to the alltime high just wait till this year but it bounced shots he sick man boun off think's do uh so everyone who's wondering what's a bitcoin ETF right it's an exchang traded fund right so you're you're able to to purchase uh Bitcoin without actually owning a Bitcoin right you're buying it through someone else who's basically in custody of the Bitcoin and you're able to be part of the price action of a Bitcoin which also minimizes your fees correct
1:40 well you also pay fees though minimizes yeah well according to who cuz bro well definitely not gr scale they charge the highest ones but like Fidelity is cheaper stuff like that well they're all competing with each other to knock the fees down though that's a fact that's a fact that's a fact but you're not owning the underlying asset right someone else is so like a lot of the crypto community and if I didn't say this then bu of my buddies would give me ████ so I have to say this ████ okay if it's not your keys it's not your crypto if you don't hold Bitcoin yourself you don't actually hold Bitcoin and like buying this ETF Bitcoin is not like buying a Bitcoin or part of a Bitcoin but the people that want to buy it I don't think they even care about that cuz I think the biggest so I feel like there's different demographics right so there's people that want to custody their own Bitcoin but then there's also other people like the older folks that don't trust any of this ████ they want to get in on the app action and so once
2:31 something is like SEC approved there's all these rules and policies that protect it kind of like how I think it was like there's a stigma that gets removed yeah and like FDIC is insured up to 250k I think SEC like your assets is up to 500k or something so now they can get 500k potentially worth of bitcoin without having to own actual Bitcoin and hold custody by themselves and you can now like go to your employer you got a 401k you got Fidelity account you can now get Bitcoin exposure using that right so all you people who stunned on me try to stunt on me and ████ Bitcoin is now an asset class you stupid ████ if only instead of just Clowning on us you just got in instead can you imagine they would have been making a lot of money with us but they're busy trying to find why it all sucks it's all such a scam and they're still broke yeah still broke still getting wrecked just like us still still
3:21 no profile pick yes still no pfp you got no nft pfp you stupid ████ which Twitter just got rid of cuz nobody's using that ████ so does this how does this affect the average person that doesn't even have any uh so now when you go to a financial planner it depends on where you go obviously but like if you're talking to somebody who's young yeah and affiliated with maybe Fidelity or something like that this is more of something they would maybe recommend to you like hey like it's almost like the mark cubin thing he's been saying for a couple years now put 5% of your um portfolio into Bitcoin now that's way more pervasive right more people are out there saying things like that it's now okay to say it's not like crackpot ████ to say quote unquote Elizabeth Warren saying it's all moneya laundering ████ like all that okay cool say whatever you want but shees still hate it she still hates it she
4:11 always going to hate it right she's but it's not like the dark web currency anymore there's more legitimacy saying the SEC approving the 11 spot Bitcoin ETF is like the biggest mistake well it's like I was texting you guys right the ████ does she know she does have big titties like Pelosi thank you thank you I listen to Pelosi and she's just a Native American what a unit of meas Peli makes so much money too what does war guy imagine if you had big old titties and you made a lot of money that's Pelosi you're ████ my queen you're my queen ncy Pelosi yeah I'll give me those mommy milkers all day yeah Warren probably only got bees at best yeah nah he's shaking them things around boy Warren's got bees in a bra but when they're hanging at least sees my boy I want to see what she looks like Elizabeth Warren she's Native American yeah just picture like a picture stereotypical you mean she's
5:01 native Amer blown Native American Google waren Elizabeth waren and a pocah costume yeah sexy sexy that's her oh yeah that's her you found her yeah dude come on she's gotten way better since the what does she know about Bitcoin right there more what she know about crypto yeah those look like bees you know listen yeah what Pelosi but everyone kind of s████ on ████ Bitcoin though like it seems like as far as like some some like uh it's easy to but everybody s████ on everything that's ████ new especially investing onse yeah I do too everyone's too smart for it right but I guess you can I mean it's one of those things where I can see how you could reasonably enter the space you don't have to put all your money in anything no for sure if you do you're kind of a ████ anyway you're asking for it yeah 100% like yeah earn it right
5:52 small to big try to turn a small amount of money and do a big amount of money earn it if you're any good at it you'll see it in the multiples that's it it's just so atypical to this particular investment classes understanding of Investments like a a semi steady stream something like the pandemic's volatility That's like ████ every other Wednesday for like Bitcoin you know what I'm saying like just seeing that thing go up and down like that but this helps with that because the more like for example 21% of the world is into crypto right now right so it's like it's a it's a an actual Tech that's being adopted on a global scale people unfortunately see it as like oh well it's already everyone knows about it nobody really cares or whatever it's like dude nobody really has exposure to it right so as something like an ETF comes into to play more people who are who have money in it it actually becomes less volatile over time but that's going to take them because it's very new like stocks right exactly
6:43 so people were talking about the same ████ with stocks but that was like so long ago and all the advantages that we have right now in the crypto game right like all the ways that I'm able to turn small amount of money into a big amount of money every run this will lessen over time as more things like this become adopted on a global scale it's just how it is right so so so the price will become less volatile it just will as more people hold it as more people hle it it just will we won't see that the crazy swings like we did no how does it affect the value of woo for instance um it's great for uh people who are selling um the shovels and the pcks during the Gold Rush right that's the whole game behind the woo play yeah woo dude when I found woo it it didn't have $1 to their decks right woi not $1 and now it has
7:33 over 11 billion in volume wow and I found it in a had it didn't that Dex didn't even exist yet hadn't launched yet right they just had their their centralized exchange so but you have to know how to look at this stuff it's different I don't know how long my Edge will last how long my advantage will last I just try to play the game within the cycle as much as I can so you're saying you're edging right now Imaging as hard as I can buddy as you know hey you're on the come up dud I've been ████ coming the whole time dude yeah no we always going to come back look we were always going to come back it was always we were always going to do it again I told everybody when we did our Luna video I was like does anybody really think I'm not going to do it again I do it every time like it was always going to happen but yeah you have to have patience and you have to know how to play the run so Luna wasn't the right one dude it wasn't even a cool name it wasn't a project wasn't that cool dude you know I had doubts from at the beginning I'll always remember Luna
8:24 She'll always be special that was exciting it was fun we had a fun time her Woo is what I love now okay Woo is my guy and coi's been fun she needed to exist in order for us to develop a certain type of skin yeah but you know you got to resent it you got to resent it a little bit never ever let a good failure go to waste right never out of woo koogi Bitcoin ethereum which one do you have the most in I have more of woo than anything else wow but I I earned it I earned it with kui I turned a small amount of money I turned like $88,000 into like 60 something and I can therefore print more big coin I beat Bitcoin in the ratios that's my game I do that every time I'm coming baby yeah that's it it's all about the ratios Joe does this cuz Joe does this ride every time wait like what do you do right he does the ride every time oh yeah I I ride the alts when it's pumping and then
9:15 I move it into Bitcoin that's it and that's that's the game I'm going to move mine into Bitcoin so ████ hard dude you're not going even know what's coming to you I can't wait what do you what do you have to say to all of the cardono stands stands hey I I actually don't hate card know I really don't but it's funny it's funny it's funny it's funny to clown on them it's funny to clown on them yeah because of how much they believe but what they're really trying to do is unload their bags cuz they've made a big mistake that's bold that's bold it was good in the early stages it was sick in 2007 sure I think a lot of the crypto influencers bought it real real early and they wanted to really pump it and it never got to where they wanted it to get to so now they're just holding bags it's harder for it to pump because there's so much of it right right like the token Supply is so crazy high so you can't double it's like Ripple exactly it's like there's so much I know people don't
10:05 know that though it's like it's going to go to $2 when yeah dude and they do this new thing too cuz we got the ETF right so they go well they're going to need the banks are going to need Ripple to to to to cross this bridge between Fiat and crypto it's like they don't what the ████ why would they need it they could develop their own coin that's what they'll do stupid they'll they'll be Chase coin they'll be ████ Bank of America coin they'll jump into a coin they don't own all of it yeah why the ████ would they go into Ripple have you heard of um sock coin sock yeah like the sock no like uh like sock on these nuts we're coming baby shock Anthony this guy's a little too masculine for me coming all over the place this guy's on fire I'm telling you I don't like how masculine you I'm getting too burned right now is there any hope for uh is there any hope for crypto Zoo it's
10:56 looking really good it's looking real good sick yeah I saw that um um what the hell is his name he just did another Cilla coffeezilla just did another thing about oh was that the Logan Paul thing yeah the Logan Paul thing ████ didn't a lot of influencers get like sued for promoting all that crypto dude like even even like Steph Curry and all of them were caught up in the giant lawsuit I think maybe even Payton Manny or something like that no Tom Brady not Payton Tom Brady that's what it was Tom for promoting a crypto promoting FTX yeah but people like this ████ on on on that and go that's part of why crypto is like so corrupt and ████ it's like s bankman freed gambled everyone's ████ deposits like no different than a bank using fractional Reserve banking right could do that potentially with your funds that could actually happen to you right I mean Enron did that and they were everyone talked big about them exactly dude but people it's like oh but
11:48 because it's crypto connected that means it's crypto that's bad it's like yeah good luck dude simpletons I know that's why they stay poor and they always will yeah I stay poor because I made bad choices but I know this information I stay poor as a choice and that's why you're You're A Cut Above even though you're poor exactly exactly in your face let's go dude but you're coming come coin let's go hey that was a real one just kidding news careful boys is a brand just kidding news is the man of smart people the people of just kidding news careful boys they are very smart just kidding news the number one podcast in the [Music] world [Music]
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