← back to the archive // episode file

Becoming a Crypto Millionaire

#bitcoin#crypto#alts#ethereum#thousandbucks
the transcript auto-captions · entered into evidence

0:05 All right, you guys going to have you guys are going to have to help me with this one. This is called Steve's life after dance. Anthony? >> [laughter] >> He set this one up. I wasn't here for this. >> Absolutely, yeah. We were having some really really fun conversations about everybody here has gone through some version of transition in their life in really cool ways. We definitely talked about Ryan's life after dance literally winning awards and stuff like that through dance and then going into music and then now he's definitely eventually going to win a Grammy. Predicted. >> That's really nice of you to think. And same with Bart, you know, like from social media and all that stuff. It's Bart transitions [laughter] from houses all the way to Sketches all the way to fitness and stuff like that. >> Grammy, too. Fitness dick in your mouth. A Grammy for real estate. >> [laughter] >> for real estate. Play the best jams at open houses. That means they're really looking for audience. But Steve, we all we all know

0:57 like how pivotal gamester and influential you were in the YouTube space in the early ages doing ████ >> Was were. Is my pronouns, thank you. Was were. Like in the medieval times, prehistoric basically, when nothing mattered. But you're you're getting like tens to hundreds of millions of views on videos. You're like your entire thing is doing like pranks >> had half a billion views. If you can have some respect when you Can you sit up when you talk to me? Is that the one where the where you're at a women's right? Oh, no, I thought that was the women's right. No, no, that one did well, but sex in public prank gone sexual went ████ insane in a way that didn't even make sense to me. And but from that, you were also like movie and script writing and stuff like that. And then there's this giant transition and pivot into like predominantly being like the crypto king and like stuff like that. Like how how did you get there? What was that transition like? I'm the king of crypto

1:48 now, but yes, once upon a time What's that new AI trend where it's like he was this thing, but once upon a time he was the king of crypto or like that kind of ████ You just seen that AI trend? AI trend? Well, it's like when people die, they always do that now, where they're like I thought that was just regular just storytelling. No, it's like cuz Val Kilmer just died, right? And they're like like I I used to be Batman. Or or or or like Oh, they use AI to have him say it. Oh, it's really weird. >> Oh, I see. It's kind of doing his own obituary. So spooky. But, to me, uh yeah, so I always kind of did I kind of talked about this a bunch, but I've always done like where I feel like I get what's going on. Like as in so far as like when I was on I was being Tuberscum big time, I was like I don't know how long this thing particularly lasts. So,

2:38 I was like, "What's the next thing?" And and for me, being a kid [clears throat] who like always went to the movies on like as much as I possibly could, it was always I want to get into movies somehow. So, it's like, "How do I parlay, right?" You And that will come later, cuz that became big part of my life. It's a joke. But, people think I'm a gambling addict. But, I love it. But, it's it's fun. But, but you know, so people like, you know, "How do I get into movies?" It's like people always like try to figure out how to get their foot in the door. And for me, it's like, "Okay, I'll just use YouTube for that." Like, I think that makes sense to do that. And I think I just came in right place, right time, right? Like I was in the Tuberscum days with like all the OGs, and like people consider me an OG, which blows my brains out. But, then you are old. I don't think Well,

3:28 thank you. But, I just like I don't think that this is going to My dick's not My balls are. But, I was like I don't think this is going to last like that long, right? So, I was like, "What's the next thing?" And for me, it was I'm going to use this as stairs. So, YouTube will be stairs for me to get to movie stuff. And then, when I'm doing movie stuff, I sort of like as soon as COVID hit, everything shut down. All the movies shut down. All the movie theaters shut down. And I was like, "I don't think this is going to last. You know what I mean? Like like and I think it's because psychologically, I think it's because as a child I was moved around so much that I never got to like just feel like I was at home. Like the reason why I wear so much Indiana stuff is because Indiana is the only place that I feel like I had control over where I was. I went to Virginia. I went to San Diego. Both times not of my own free will. I

4:19 was like I have to do this cuz my family's doing it, right? So for me Indiana is like the only place I ever wanted to be on my own. And so that's why when when I was seeing like oh ████ movies are getting shut down stuff like that. I was like it's time to look at this this thing as like how do we what's the next thing? Right? And then my mom at the time was like very scared about financial stuff and she was like Steven, I don't know what we're going to do cuz your old man didn't set up anything. Like what are we going to do? And I was like well ████ I bought this thing called Bitcoin like 2013 that's kind of okay. How'd you even know about Bitcoin? My buddy my buddy Peter Gilroy and me used to be at Maker Studios together and he like got in the Bitcoin fad at the time like during the peak of it like when it was like a a thousand bucks each. He's like

5:09 Steve let's ████ buy this ████ dude. It's fun. And I was like sure, whatever. I have uh money and I don't really give a ████ Like I was like I'll ride. Did you have any other investment like Nothing. Zero. So Bitcoin was the first first actual I never even bought a stock before. I bought Bitcoin first. Yeah. And how did you have to how did you buy it? I bought it on Coinbase. On Coinbase? Yeah. And it was sus-ish, but I knew enough cuz my old man's a computer guy. So I knew enough about how that ████ works like to not fall for some stupid website. Like and this is normie ████ obviously. I'm not like getting blown myself here, but like I knew that they were like a bigger company because of who they were aligned with. So, I was like, "Okay, I can actually put my credentials in here and like sign up an account." So, I did that. I bought my first Bitcoin when it

6:00 was a thousand bucks. And then I bought again when it was buck 125. So, it fell all the way from there like within a week and a half or something. It fell to 125. Yeah, and I bought more cuz I was like, "I want even more Bitcoin. I liked it last week. Why don't I like it this week?" Oh, cuz the price fell. Like I actually still like it. And that dude, that is like I'm so glad that I see the world that way because that has been a blessing in my life. Like where like you you can see the value in something when everybody else goes, "No, it's over. What are you talking about?" That's that's a bubble that popped. What made you see the value of Bitcoin or crypto in general? I I didn't ever I was always very wary of the dollar. >> super skeptical. My grandfather was a big Bitcoin guy. Right. You mean like gold? Gold, silver, copper, ████ all the coins. So, my

6:51 grandfather got ripped off though in like the early 90s. We had a neighbor, this is the family legend, is that a neighbor who knew about my grandfather's coin collection came over and ripped off my grandfather and like my grandma says she could hear like she came home and she saw, "Oh ████ we got we're getting robbed." And she heard the thump of the coins being thrown over the fence. Because it was a big ████ coin case that he had. And and I so I was always wary of the dollar because my grandfather was wary of it and he always wanted metals, precious metals to back, you know, cuz he went through the Great Depression. Like my my grandparents went through the Great Depression. So, they always learned like your money could get ████ tomorrow and you could go to the bank and they're like, "Sorry, we can't give you anything." So, that you need to have something to back it up. And so, that's what got me into Bitcoin early early was once I found out what

7:42 that was, I realized, oh ████ because they can't just print these at will, that actually has a value, inherent value. And so, yeah. So, I saw the movie industry sort of like I'm I'm on a canoe and I I see the waterfall coming and I'm like, I think they're we're ████ man. Like, I haven't wanted to go to a movie since COVID started. Why is anyone else want to go? So, that kind of made me go, I should be transitioning into this crypto thing like way more and paying more attention to it, right? So, that got me into it heavy heavy. Into crypto. >> Yeah. How come not any of the other like stocks or bonds? I guess it it just wasn't as interesting to me. Like, all that stuff is cool, but like I always believe in following your dollar. Like, what do you find interesting? Like, I think that there are so many smart people out there who find stocks more interesting than crypto and they're going to do so well

8:32 because they're so interested. It's the same thing as like as anything. It's like, if you find it interesting, you're going to do well because you care about it. That's that's where I'm at. But, was the interest level like that hot out the gate go that you're like, I'm going to stop writing scripts or I'm going to stop doing Well, I didn't really stop writing scripts. It's just more that like the the industry moved in a different direction. Like, I still write ████ >> Do you think that you would have like eventually made that decision or like how that transition would have been if we didn't face something like a ████ global pandemic? There's no way. Completely shut down the There's no way. So, there there was kind of like a black swan moment of like >> Yes. Yes. Of me >> Forced you to pivot. >> think the movie industry is completely cooked. Like, as far as movies goes. If you You you saw the Joe Rogan episode with Matt Damon and Ben Affleck, right? Where

9:23 So, it just came out like 2 weeks ago or something. And Matt Damon and Ben Affleck, two of the greatest of our time as far as writing, producing, directing. They are basically like, we can't even make a movie now unless we front load the exposition and then we repeat the exposition multiple times cuz we know people on their phones. >> Second screen watching. We know people on their phones. We know people are ████ off on their iPads or on their phones. So, we can't do what we used to do. If you know that as somebody and bro, I'm not sitting here going I'm an accredited ████ filmmaker, blah, blah, blah. Everyone knows I don't take the most myself that seriously. But, I do think that like this industry is cooked traditionally towards what attracted me to it, which was going to the movie theater and watching a movie. >> art form than what you fell in love with. Absolutely. And so, I'm just less hot on it. It's less interesting.

10:13 Doesn't mean everybody should be ████ off and less interested. Go follow it. If you love it, go do it. But, it just got less fun for me once I knew that. It is kind of sad. Did you watch the rip on Netflix? I didn't yet. the plot literally like four times. They have to because I think Netflix was like everyone's watching on their phone. So, you have to say the whole thing four times. >> And by the way, it's no different than like 20 years ago some fat-ass director in WB told Christopher [snorts] Nolan he's watching Batman Begins and he's like, "Uh, can we reiterate the plot cuz I was I don't get it." And so, you have like the second unit Christopher Nolan, one of my favorite scene one of my favorite examples of this ever is there's a guy in Batman Begins who's like, "If that uh if that all that pressure gets to the main line, the whole thing's GOING TO ████ BLOW." AND HE SOUNDS like he's

11:03 in a different movie. Like, you know what I'm talking about, right? He's talking about with the train that's GOING TO YEAH, IT WAS the train GOING TO THE BRIDGE. AND IT HE SOUNDS like he's in a completely different movie. He sounds like he's in like a ████ Frank Capra movie from like the 1940s. Like, it doesn't even make sense. But, yeah. So, or like a Cagney movie, right? It's just like so weird. But, but yeah. So, I just sort of went, "Okay. I don't know. I don't think enough of myself to go like I don't think I'm the king of this hell. I always go like where am I where do I got to go next? I think that's always been good for me. But you know, like movies and I feel like maybe even to YouTube to some extent, there's like people that have paved the path and they're like, "Oh, cool. They've made this like You can You can see how you can make a living off of it." With crypto and it being so new, like how did you have the confidence to go, "This can be the theme

11:54 that I like dedicate my life to and it can >> I had so much early success with it. Like I got into Bitcoin when it was a thousand bucks and then most people said, "Haha, you loser." It went to 1.25, but I was like, "I still like why I bought it last week. Why is that different now?" I always was like, "It doesn't make any sense." Just because everyone writ large is like, "This is stupid." I don't agree with you cuz I know why I bought it last week. I know why this is actually uh an answer to inflation, for example. And then I bought it I bought Ethereum. I was like I was researching uh crypto because my mom scared me enough where she's like, "Dad doesn't have any plans for f███." And I was like, "Okay, let me look look into this Bitcoin thing again." And I was looking into Ethereum and I was like, "S███, man." I was like, "Smart contracts make so much sense for the world for like what's being built for the world." And I think that that will be an integral part of like our society in the future. And I

12:45 think that's slowly happening. We're talking about like this Treasury Secretary is now talking about putting crypto on putting the the the state balance sheet for the entire government on the blockchain. How would they do that? With a smart contract, with Ethereum, for example. So, stuff like that just makes me excited and I I have infinite interest. Even if it goes down 99% tomorrow, I still am interested because I've learned that lesson before. How much uh time a day do you would you say you dedicate to crypto, either from studying, researching, or It's just a It's To me, it's all connected cuz I, you know, I have crypto corner, right? And so, that's my community of people and then there's people in my DMs who are just trying to get like simple things set up that I always help them with. So, I feel like I do tech support a a but I but I do a I do at least 5 hours a day of just looking through all the stuff that I already like or [snorts] of or like bridging those

13:37 things that I already like into other things that I think are interesting. And for me it's all about attacking use cases that I think need to be fundamentally fixed in crypto. So. Boring sounding, I know, but I I I like it. Well, most people look at things like crypto or anything financially like that as kind of like an investment that you have like your day job so to speak that supplements your ability to invest in it, but you kind of like uh well, I I'm I know that you had mentioned you were still kind of doing some movie stuff, but like to transition to a categorically like an investment thing as like a job like that sounds Well, I didn't know that was happening. It's sort of like when I got into YouTube, I didn't know that was happening while it was happening. It just sort of happened. Like uh the next thing I knew were I'm a YouTuber and people go, "You're an OG YouTuber." And

14:28 I I'll I'll still be in Vegas somewhere and people are like, "Dude, you're one of the originals." And I'm like, "I don't even I don't see myself that way, but thank you." But like you don't know that you're part of that movement until later on when people look back and they go, "Oh ████ there's a picture of him. He's there, too." Like that kind of ████ I think what will speak to the people is your you talk about early onset success, but then like the way I you taught me about crypto is like at first I didn't really know you when you talked about Bitcoin. So, I was like, "I don't know this guy. I don't know what this Bitcoin thing is." But then what gave me the proof is when you told me how much you made in Ethereum. >> Yep. Which was like 300K or some ████ And I was like, "Wait a minute. Okay, that's proof." If you didn't and you're just talking, you just to me it's like you're a fat personal trainer. You don't know ████ >> Yep. Even if you do know your ████ you're still fat. You know what I mean?

15:18 But like But then I was like, "Oh, he has money." He made real money. So, okay, he might be lucky, but he knows something. And then that's when I started listening, and then I started investing and stuff like that. So, like, what were those milestones that gave you the confirmation that what you're doing you not only are you passionate, but you're you're you're successful in it? I think it was just about I had done the research about why I thought it was good, and then seeing that pay off so quickly. I think that becomes something that you just can't ignore anymore. >> the dollar amount that made you go, "Whoa, this is life-changing." Once I hit 100k for the first time. Yeah. And I say for the first time cuz I've done it multiple times. What did you start with to to get the 100? I did uh what was it? 12k. And I sold it I sort of scaled in, but I did like 12k and then it was 14k. I

16:10 remember even being at JK Party one time and Ethereum was at like, I don't know, it was something small. It was like 300 bucks. And I remember me and Nikki putting in a big buy that day cuz we had been waiting for it to like drop to a certain threshold, and then I was like, "Let's ████ go." And so, yeah, it was it was just that gave me confidence because you see the research that you do, and then you see it you see it slowly being adopted on a global scale, which I always believe is like very relevant and and important to the whole thing. Um but also, man, I have messed up so many times in this game. You know what I mean? Like, that's so important, too. Like, never let a good failure go to waste. I think is so important. Like, I have ████ up so many times, but I don't just go like, "Oh, please measure me off of my wins." It's like, you got to take the whole thing into account. Like, this last run, I was mostly in alts. So, I mostly just

17:00 got absolutely my face ████ ████ You know what I mean? For like a year and a half. You know what I mean? I got face ████ for a year and a half, basically. But But I But the the funny thing about it is I've just been through this before. I know why I like my bags. So, like, I want to continue to add to my my particular bags, not all the bags. Some people go, "Oh, we know all alts are f█████." But, I don't think all alts are ████ It's just certain alts are Most alts are absolutely ████ They makes no sense to buy them. But, the ones that I like, I think are not ████ But, it might look like it if you pull up their chart. You're like, "Oh my god, it's down 95% or whatever. Holy ████ dude. You would have to be a ████ to buy this." But, I'm like, "Yeah, guess who's ████ enough to buy this? The same guy who told everybody I think Ethereum's still tight at 80 bucks when it bled all the way down from 1,450

17:50 or whatever it was. And I was telling with me and Joe on on Money Masters, "I think Ethereum's still tight." But, those people are all just like, "Look at the price, you ████ idiot." And it's just like, "No, if it's good, it will be repriced to the upside later. You have to see You have to buy the bleed and take advantage of the now. If you don't, you're too much of a ████ ████ anyway, you should stay the ████ out of my way." I mean that. It's a mental game, dude. It'll ████ with your brain if you let it. I got face-f█████ for a year and a half. And I'm ready for more. That's true. >> [laughter] >> Did a glory hole. Oh, ████

// end of tape