Transcription
So obviously there's a lot of, you know, geopolitical events going on right now. We got obviously what's going on with Russia. Ukraine has been going on for four years now.
We know that, um, we're in the middle of a war right now in the Middle East. Uh, we bombed Iran and, uh, Trump is trying to find an exit ramp, but it doesn't seem that way.
There's an energy crisis. You know, a barrel of oil is selling at probably over $100 right now internationally. Uh, so, which is obviously very bad.
Um, how does that play into, uh, the crypto market? Um, and how is that affected?
Yeah. So, the, the thing I'll, I'll let Miguel kind of, uh, go extend that, but like what I kind of said a little bit earlier was because you have Wall Street kind of playing back and forth between gold and Bitcoin, they want to go towards a store of value, but they can't, they don't have enough liquidity to kind of go to both. So, um, when I would say when volatility hits off in geopolitical stuff, money does come towards Bitcoin as well as gold. But right now because liquidity is tight, it's only going towards one or the other and just kind of jump in between them. So that's why you're kind of seeing that inverse volatility.
Gold because I've been looking at the markets throughout this entire conflict like with the price of a barrel of oil and everything else like that. And, um, gold hit like, like a pretty high, I think, like a week or two ago, like 5,300, almost 5,400.
So, yeah. So it's probably on the downtrend for a little bit and then let's say once we get, um, what do you call it, later in this month, it might get an uptick and Bitcoin comes down a bit. So right now with the, with the conflict, it's fair to say when there's conflicts like this, um, gold and, uh, Bitcoin are operating almost like an on an inverse basis.
Correct.
One goes up while the other goes down and vice versa.
Yeah. And and then until we get, so a big liquidity event that's happening. Well, it's already happening right now. You know, we've already gotten about like roughly, uh, roughly like $200 billion of inflows in terms of straight up money printing from the Fed. But the problem is that's only sustaining things. That's adding liquidity to the market, but they're not cutting interest rates. We have a Fed meeting on Wednesday and like Cashy and Poly Market basically have it at like 99% chance that it's not going to cut, right? When they should be cutting. I mean, Trump is, I mean, this has been the one thing that's like what caused like you guys know this. We've been in a recession. We've been, we go into a recession and then we get out of it and then we're back into, we keep going back and forth into a recession. I mean, everybody knows it. I mean, everyone's been feeling it. I mean, every streamer person I know is like telling me the same thing. You know, the everyone, you know, you talk to people, you know, you know what's going on right now in the streets.
And, um, one of the main reasons why this happened, right? Like when did the bare market even start in crypto, right? It started in January of 2022. What happened? The Federal Reserve started increasing interest rates for the basically for the first time in like 10 or 12 years. We were at zero for like a decade, you know, point, you know, 0.25%, right? But zero basically, right? Where free money and they increase it to 5.25%. That means when you buy a house, they add a v, you know, they add a vig on top. So you would imagine, you know, people, people maybe with good credit were getting 7%. A lot of guys, a lot of people were getting like 9%, you know, on these loans and that just crushed the market. And over these last three years, that's what's bled the market out because it's not cheap anymore to borrow money. So then people start getting a little, you know, shy with stuff and then, you know, interest payments start going up. A lot of corporations, you know, they, they were living, they were like almost zombie corporations without these cheap loans and now they're having to reborrow money at the higher rate and now they're bleeding cash flow. This is why like a lot of the top S&P, if you just remove the bottom 400 companies and they're just basically break even or losing money.
The top 100 companies are really making all the money and in reality, it's really just the max 7. And it, it's it's crazy. Like I mean, like I saw a statistic somewhere where like it seems like a quarter of like when you buy the S&P 500, about a quarter of it's really just like the top 10 companies.
Mhm.
So every dollar you put into the S&P 500, it's really just like, it's 10 companies.
It's a profitable that are profitable, but or just because they're such, they're so large in market cap. I mean, just to go to an earlier point, right? We talked about there's there's a really big event and so like there is a little risk in the market right now in terms of like there's going to be an AI pop. AI is not going anywhere, but there's going to be a stock market crash with it at some point, right? Because the whole economy is like intertwined with it, right? And the biggest finesse that the Fed could do right now is they're, we're going to get a new Fed chairman between May 12th, May 15th, right? Trump's going to put a new guy in. He's already promised he's going to cut interest rates by 100 basis points, 1%. That's really big, right? And then from there,
I don't know if he'll be able to do it now, though.
Well, I mean, Trump, Trump can vote like that guy's out. He like Jerome Powell's out. But here's the kind of the Jerome Powell could do. He could just stay in the in the board of governors. He could take a seat. Historically, it's been a like, hey, this is an option you can do, but most people, you know, once their term's done, they just leave. And, you know, they do the circuit and make their money on the on the calls, right? But this guy is going to try to cut rates by, you know, 100 basis points. From there, we're going to see how much more he can actually pull off because it, it, it is needed. So, like that is kind of a big boost there for the economy. That extra one. I mean, we're, I was literally talking to Waller. He's like, I can't wait to refinance. You know, Waller's doing some big, shout out to Waller. Uh, he's doing some big moves right now, but there's a lot of big real estate money that's just willing to, you know, that wants to get, if those rates come down, we're about to go through a refinance boom.
These people, you know, like if you're already kind of cash flow positive and you're able to just lower that down, the cash flow only goes up, the money goes up. I mean, especially on the bigger guys, the guys who own like 500 doors, 1,000 doors, oh my god, they're about to make a fortune. As well as where's the last big amount of money Americans have if you, so I'm not talking about boomers or older exers. I'm talking about people who bought a house between 2010 to like let's just say 2019.
Most Americans that bought in that cohort,
It's in their homes.
It's in their homes.
They have a $100 to $300,000 in equity.
Yeah.
It's tempting at that point cuz if the interest rate gets low enough, a lot of guys are going to pull money out. And this is where like this is why like this next bull run in equities and stocks that happen over these next four years. It's kind of weird how it's 1929, 2029. It's like it's rhyming. It's rhyming a little bit, you know.
But, um, there, there's three really big IPOs. The biggest IPO in history, bigger, bigger than a Saudi Aramco is happening, which is SpaceX mixed in with, um, you know, AIX basically, which is Elon Musk's AI company. So, he's essentially fused his his rocket company with AI in order to basically get liquidity. And that's going to be a trillion dollar plus IPO, right? The next thing, OpenAI also going public. That I'm not too sure in terms of the market cap on that, but it's probably going to be 600 to a trillion dollar market cap. You got Entropic, same thing. So, you basically have three, three of the biggest IPOs for for an AI companies coming out all within the next 6 months.
Right? Originally, OpenAI was going to go public in September. Entropic, which was a company that was basically, uh, started from guys who were worked at OpenAI, left, made their own company. They, they basically said, "Hey, in June, we're going to go public." And then OpenAI said, "Oh, that."
And they're [clears throat] now they're front-running them. So now there's a race because there's only so much liquidity. Like, you know, we've been talking about liquidity. There's only so much money. Like if all these three companies out, let's just round it up. Let's just say it's $3 trillion. You obviously can't take out $3 trillion, but there's going to be a hundred to $200 billion dollars of money getting taken out. And who's going to take the majority of it? Elon. Elon's going to take a ton of that. You think he's not going to take like 50 billion, 100 billion dollars over the next year off of that stock when it goes public? Oh my god, it's so much money. Like, um, and this is why like that could pop the bubble for a little bit. And this is where we can actually get a, a really big low because, you know, crypto and equities and everything, we're now kind of like this now, right? So if stocks take a really big dip, that is there's one of the world's biggest opportunities to buy because it's going to get repumped up. They're not, they're going to print money again. They're already printing money. They're printing $40 billion a month right now.
Is this considered the great reset?
It's one of them.
It's starting to like, we're starting to get it right now. I mean, it's, I mean, AI is really the AI part is the one that's really pushing because most people are like, the, you're using, you'll use crypto to to invest, but if people lose their jobs, I mean, they're going to try to push UBI at some point. Yeah. It's not going to happen right now, but in the 2030s, this is why, like, you're right, all your billionaire friends and stuff like that and Gary, us, like we've been saying for a long time, these central bank digital currencies are coming. And if you don't get, if you don't learn how to use this digital money and you don't get on this investment grind and you don't start a business, you don't like take it, you know, take control of your life.
You got like 5 years.
You got 5 years before things get really. You say three, even less. Yeah. There's a chart I have here actually, uh, in the chat. Mo, can you bring it up real quick? This shows Antropic's actual schedule for job, uh, market share after they bring about AI and this is scary, guys. This is what they predict is going to happen to our market from AI alone.
So, yeah, industry.
Yeah. One thing we do do in the crypto mindset course is we have added, uh, about two to three webinars. We have 15 to 15 live webinars, 20, uh, full webinars, five pre-excuse me, five pre-recorded webinars. Then we have flash webinars throughout the quarter. Basically, we have two to three webinars that are AI focused, uh, plus I would say, uh, uh, two pre-records for AI. So, we're going to keep that in there. Why? Because survival in a bare market is not only investing, cultivating crypto, dollar cost averaging into your crypto, all that type of stuff, but then also you need an income stream, right? And so AI is one of the best ways right now we believe to kind of create another income stream for yourself. So that way you're not like, "Oh, damn. I'm getting bled by the market. Oh, I'm making some money on a side hustle doing making money on the internet in some fashion." Or even just improving your station at your company, right? You can basically use AI to your advantage if nobody else in your company is. Get a promotion based on what you do with that and like get the half of your other employees fired. You didn't like half of them anyway. But like, you know, that that portion of a few webinars we have, my brother who's a C A I O, um, which is a C I CEO for AI section, right? Like a CTO is a chief technology officer, basically. He wrote a book called Turning on Machines, which you can find, uh, his, uh, the author is my brother, Zack Engler, E G R. So you can take a look at that book before the webinars as well, because he'll be giving a few webinars. He, uh, helped Dairy Queen basically get into a lot of their AI systems for people at franchises and
Dairy Queen [clears throat] is crazy.
I know, right? And a bunch of other companies. Yeah. There's, there's biotech companies, um, pharmacy companies, all sorts of companies try to get into this. So, he goes around and basically, uh, teaches people about that. So, he's going to focus during the webinars how to make, uh, a little bit of money with a side hustle, how to start that out, how to get introduced to AI if you're an army, all that type of stuff. Um, because we believe not only for earning income is that important, but crypto is also going towards a lot of AI agents trading, buying back and forth. One thing that I've said on my channel quite a lot is that you're going to get robo taxis getting paid in stable coins, Bitcoin, Ethereum. Tesla's probably going to accept Doge at some point. Vegas right now where we're where we're living has a ton of automated Zuks cars, which I believe is owned by Amazon. Um, you're going to get Wimo, you're going to get Whimo. Yeah, Whimo. You're going to get Tesla. Yeah, you're going to get Tesla as well. And so Vegas, I think, is going to be one of those cities where you don't need an Uber anymore. You basically pay in crypto. So, uh, that's going to be kind of your first use case. Robots eventually will get there, too. But you're also going to get software-based AI agents that do to crypto what, uh, low latency trading did to investment banking from the '90s to the 2000s. So, long story short, in the '90s, you used to like, let's say, what's his name? Uh, the guy from Wolf of Wall Street.
Oh, Jordan Belfort.
Jordan Belfort, you know, when he first started, had to like pick up the phone and be like, "Hey, I need a broker." He didn't get me a good price on something, right? Trying to buy his coins or not coins, stocks and different assets, right? Commodities. And then he'd have to call him again to sell and do all that, right? That's very slow. So, you're not going to get the best price overall. Versus when low latency trading came in, you had all the bots. Everybody in Wall Street basically built their banks as close to, uh, you know, the, what do you call it, the NASDAQ and everything as possible so that way they could have the fastest trades and then what happened was you cut out the humans, uh, for the most part. Now humans just buy and sell or buy and hold the S&P, they don't really trade it quite as much because the machines, the low latency trading, just so freaking fast. And so that's what's going to happen to crypto over the next 15 years. You're going to still have the organic parts of crypto because there's so much that still hasn't been built yet. Uh, so those areas are going to be the stuff that's more volatile, easy to trade by humans, make money there. But like for a lot of the Bitcoin trades and some of the bigger cap stuff, you're going to have AI agents, um, probably a lot of them built by Wall Street, some of them built by crypto firms starting to kind of compete with humans in the market, too. So understanding how to do that is important. Even building one yourself, like if you have, let's say, a team of five agents helping you trade, probably going to have a lot more advantage than a lot of other people.
Right? I mean, like I mean, we're basically, I mean, a, we're using AI to recreate things we've already recreated in the past, like, like as an example, right? Like this was huge during the time, like 20 getting out of the, the financial crisis in 2009. People used to like knock on doors on like blue-collar businesses, hey, let me, let me put you on the web, let me give you a website, let me give you a phone app so people can actually go on your website, like that. Let me give you an automatic, like, uh, voicemail chat and stuff and basically modernize your business. People are going to do that with AI. That's going to be a huge thing for the, I would, it's going to be a good business. Of course, it's going to go away because at some point, the, the someone's going to create a product that just does it all. But [clears throat] there's people probably like, you're probably a kid right now, if you learn AI pretty well, you can probably charge $2, $3,000 to a local business and just like, like, hey, we can give you like a virtual assistant that can, that can, that can handle your emails and we can, we'll make you a brand new website. We'll, uh, we'll make sure you're like AI compatible. We make sure it's like there's an AI call center and stuff. You can talk to somebody and it's an agent and they can refer you to certain places and just built out that side of their business for plumbing, electricians, you know, like, I mean, and also it's like white-collar jobs and stuff that. So if you learn AI right now, there's a lot of money to be made. You could be a young guy and make a ton of money, but it's only, it's sort of like how guys who got into drop shipping early on made a ton of money, then they sell the courses, and then you [snorts] know, it gets kind of like edged out and the guys who did those courses in the beginning made a ton of money, and then there's a ton of, uh, there's a ton of competition and then margins are gone and only the biggest players win. The same thing's going to happen right now. And that's so if what I'd recommend to guys when looking to AI, look at what people did early on with mobile phones and and then try to find that the AI version of that because you can make a fortune. You literally could just copy the same playbook. Just do the AI version of that business. We're literally, we're giving the, the Zoomers are getting a gift. We're repeating the 2010s. Just look at whatever happened early on for AI. Copy it. Make the AI version. Do it now. Do it now. You could charge businesses and make a bunch of money. And there's no college degree for that. You just need to learn how to do it. Get a good sales pitch. Talk to people. Let me put you into the 21st century with AI. Okay. How much? Two, three grand. And you pay me like $300, $400, $500 a month. Depending on the size of the business. If it's a big business, you maybe you can lock in, you can pay $10,000 a month. And then especially if you can help drive their sales, look at their analytics in the background. It's just, it's a money maker.
We do got to open up the phone lines because we're getting tight for time. So, uh, number is 646-490-0394. You guys are calling to the show. Mo's opening up the lines right now. Get your super chats in as well, guys.
And you guys, right, all the jobs are not gone. They're going to turn away. They're going to turn around. But a lot of people are just going to fumble because they're not going to accept it.