The Entrepreneur DNA - The Future of Crypto: Will Bitcoin Push to $1M? | Ryan Myher | EP 49

Episode Date: December 16, 2024

Learn More About TradeGenius: Visit TradeGenius.com to explore Ryan’s innovative platform for crypto trading.   --   In this episode, I sit down with Ryan Meyer, founder of TradeGenius.com, to exp...lore the explosive potential of cryptocurrency in light of Donald Trump’s policies and the evolving market. Ryan shares his prediction that Trump’s collaboration with pro-crypto lawmakers could lead to a U.S. Bitcoin Reserve, sparking global adoption and driving Bitcoin’s value to $1 million per coin. They discuss the current bull market, the hierarchy of crypto—from stablecoins to meme coins—and how TradeGenius revolutionizes crypto trading by enabling full custody and access to all tokens. Packed with insights on investing strategies, market catalysts, and the role of culture in crypto, this episode is a must-listen for anyone looking to capitalize on crypto’s future.   --   The #1 training and coaching system to launch, grow, and scale your investing business! 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞: http://www.thescienceofflipping.com Turn cold real estate leads into engaged motivated sellers on auto-pilot using the power of A.I! 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞: https://www.rocketly.ai/ Have a question? Ask me anything at https://www.askjustin.ai/ 𝐀𝐛𝐨𝐮𝐭 𝐉𝐮𝐬𝐭𝐢𝐧: After investing in real estate for over 17 years and almost 3000 deals done, Justin has created a business that generates 7 figures in active income through wholesaling and fix and flipping as well as accumulating millions of dollars of rental properties including 5 apartment buildings, 50+ single family homes, and 1 storage facility Justins longevity in real estate is due to his ability to look around the corners, adapt to changing markets, perfecting Raising private capital, and focusing on lead generation which allows him to not just wholesale and fix & flip, but also accumulate wealth through long term holds. His success in real estate led him to start The Entrepreneur DNA podcast and The Science Of Flipping podcast and education company, where he has coached and mentored thousands of aspiring and active investors over the last decade. He is a nationally recognized speaker and is on a mission to educate as many people as possible on becoming a successful dynamic real estate investor. 𝑾𝒉𝒂𝒕 𝒕𝒉𝒆 𝑷𝒓𝒐𝒔 𝑯𝒂𝒗𝒆 𝑻𝒐 𝑺𝒂𝒚 𝑨𝒃𝒐𝒖𝒕 𝑱𝒖𝒔𝒕𝒊𝒏:  “Justin is one of the best trainers in this space. He really gives everything to his tribe.” – Brent Daniels (TTP) “Justin’s ability to connect with people and help them understand what he is teaching, is unparallelled” – Kent Clothier (REWW) “We have been in the trenches flipping homes in Phoenix for over a decade, he is one of the best to do it.” – Sean Terry (Flip2Freedom) Subscribe To Justin Colby: http://youtube.com/justincolby View All My Videos: https://www.youtube.com/c/JustinColby

Transcript
Discussion (0)
Starting point is 00:00:00 Basically, I believe that Donald and Cynthia will start a Bitcoin reserve where the United States will own probably somewhere between 2 to 5% of the Bitcoin supply over the next four years. Well, maybe longer, but it'll initiate in the next four years. And on top of that, the minute they announce that, everyone's going to be buying Bitcoin, right? Like all these other governments like El Salvador has been, you know, accumulating a bunch of Bitcoin supply, but I think a lot more governments will basically copy the United States, start their own reserve.
Starting point is 00:00:29 And I think that if you're investing in Bitcoin now, you're going to be very happy in the next couple of years. Yeah. What is up entrepreneur DNA family? This one is going to be good for all my crypto investors, alternative investors, our guy, the trading genius I call him, tradegenius.com is his website. Ryan Meyer is here and this is why he believes Donald Trump is going to get Bitcoin to a million dollars per coin. What's up, bro?
Starting point is 00:01:03 How's it going? Thank you so much for having me. Let's hit that on. Donald Trump's gonna get Bitcoin to one million dollars for a coin. I think so. What are you thinking? Why would you say that? I think there's a number of reasons. I think like the main reason is like the Bitcoin Reserve. He's working with Cynthia Loomis who's like the Senator in Wyoming. Super pro crypto policy. They're doing a lot in Wyoming. But basically I believe that Donald and Cynthia will start a Bitcoin reserve where the United States will own probably somewhere between two to five
Starting point is 00:01:29 percent of the Bitcoin supply over the next four years. Well maybe longer but it'll initiate in the next four years. And on top of that the minute they announced that everyone's gonna be buying Bitcoin right? Like all these other governments like El Salvador has been like you know accumulating a bunch of Bitcoin supply, but I think a lot more governments will basically copy the United States start their own reserve And I think that if you're investing in Bitcoin now, you're gonna be very happy in the next couple of years Yeah, I mean I think if you're investing Bitcoin now, you're happy now, right?
Starting point is 00:01:58 Like today as a moment and Tom i'm just gonna check because I i'm a crypto investor myself. I don't day trade Yeah, but what are we at, 92,000 right now? I have no idea. Bitcoin itself is at? Make me happy, come on. Well, I gotta get to my home screen. 92,600 dollars. That's an all time high.
Starting point is 00:02:17 All time high, buddy. What a great day to be recording this podcast. Dogecoin's at 41 cents. Look at that, that's insane, right? People are like, doge blah blah blah. Well, it's moving. Now, again, I don't day trade crypto, I'm real estate through and through,
Starting point is 00:02:31 but I'm an investor, right? So I pick and choose my investments. I love crypto. Talk in a general sense, right? Your website is tradegenius.com. So anyone who wants to know more about Ryan and what he does and how he does it, tradegenius.com. But what is happening right now to push the needle because as someone who's invested in crypto for
Starting point is 00:02:51 Six years. I mean I was buying Bitcoin when it was $1,800. We love that So maybe it was more in six years, but you get the point. Yeah What's going on right now? I think like the the big impact is is Donald Trump being elected Okay, I think that's like what's pushing the needle immediately I think more generally the markets been primed for like a leg up for like a last couple of months And you know, you're seeing I think there's like crypto specifically has a lot of cycles, right? And a lot of things kind of go in to those cycles I think one's like venture capital and so you've seen off of the tail end of the last cycle a lot of the venture money
Starting point is 00:03:23 That flew that was flowing in there, a lot of them are getting liquidity events right. So there's all the port codes are now launching tokens. They're starting to see liquidity, which means that they can go raise another fund and they're more than happy to deploy the rest of the money that they have. So I think we're gonna see basically,
Starting point is 00:03:42 you get a bunch of funded companies, you get a bunch of tokens, you get a bunch of retail interests, you get a bunch of tokens, you get a bunch of retail interest. There's all these kind of components that come into really pushing the market forward. And oftentimes there needs to be some sort of catalyst. The last two years we have the ETFs, which are a huge catalyst. And then that coupled with now Donald Trump being a pro- Yeah, but the last two years, would you say anything happened?
Starting point is 00:04:00 I don't really remember because I don't day trade but I feel like for example like aetherium I mean it was somewhere between 2200 and 2800 for like as long as I can remember really didn't do a lot yeah no I I've become less less faithful and eat I was holding a lot of ETH for a while sure um but it just it hasn't been moving so I've I've been holding a lot of Solana yeah I'm a big Solana guy, I think it's awesome. And all of the things, maybe not L2s and things, but a lot of the meme coins and things like that are being launched on Solana,
Starting point is 00:04:33 because it's super fast, super cheap, user friendly. Yeah, and a lot of our volume on Genius we see on Solana as well. So let's break down what I think a lot of the listeners probably don't know, some of the very basics, right? So I want you to like rewire your genius here and go back into just basics. There's the hold coins, right?
Starting point is 00:04:52 And stable coins, the Bitcoin, the Ethereum, what else would be considered in that? I'd say Bitcoin, Ethereum, and Solana are probably the three main. Stable coins. Let's walk through the kind of hierarchy of coins, right? So you have the stable coins, Bitcoin being the top of the top main. Stable coins. Yeah. Let's walk through the kind of hierarchy of coins, right? So you have the stable coins, Bitcoin being the top of the top, right?
Starting point is 00:05:08 Ethereum is slow. Now let's talk about those two coins. Why are they stable? What do they really do? We don't have to get in the trenches about like, exactly, but why would they be considered stable? Then what's the tier under that, right? And then going all the way down to alt coins
Starting point is 00:05:23 and meme coins and all this other stuff. I think, okay, so to start, coins represent different things. Right. And so usually blockchains specifically have a native coin. Right. Bitcoin's block. Bitcoin, the block chain has its native coin, which is Bitcoin. Same thing with Ethereum. Native coin is Ethereum and Solana is Solana. They're like the three largest blockchains. And I think that's kind of why their coins are valued at what they're valued at.
Starting point is 00:05:49 Because you need them for gas fees and other things. And so there's value accumulation there. And then outside of that, there's like different categories of coins. We have like alts, which you mentioned, which are basically alternative blockchains. We call them alts, but they're just smaller blockchains that don't see as much usage.
Starting point is 00:06:04 But it's still a blockchain. But it's still still blockchain. Yeah, and then they have their native tokens Maybe some good examples of that are like phantom for example And I could get in like so many different like specific examples, but like phantom maybe Arbitrum etc. Is that Arb ARB? Yeah, so I've invested in our what is phantoms phantoms like an all what is the ticker? What's the ticker FTM? Yeah, yeah, I have some FTM. So they're rolling out like NUL2 and they'll have like a bunch of things but yeah. But there's an actual functionality. What I think some people need to understand is this isn't some, you know, when crypto started to first hit the scene eight years ago or whatever when people started to really recognize it,
Starting point is 00:06:41 people are like, this is all fake nonsense. There's just a thing that people are investing money and there's nothing even, there's no paper to it, right? So it's not like stocks where there's paper. There's no real estate to it. So people are just like, ah, it's nothing. And funny enough, my uncle, I love you, and my accountant. He was by far the biggest hater.
Starting point is 00:07:01 Like he thought I was an absolute lunatic. Like he said what the fuck are you you're putting ten grain into what yeah like he just was like this is gonna die you're gonna lose your money obviously I've proved him well wrong yeah you know and have made into the seven figures in crypto but I say that to just say like these even alt coins technically have functionality behind them which would be the blockchain and they do all different stuff right? Yeah a lot of them they can vary from like governance to like being like the uh it's
Starting point is 00:07:36 not like a value accrual mechanism but it's like a like a gas so like if a blockchain is like a decentralized computation you need that specific token to facilitate that compute. So there's so many different examples. Another example that people might be familiar with is FDX had a token FDT. And if you held FDT, you would receive lower fees on trading and things. And so we may or may not be doing something
Starting point is 00:08:01 similar to that in the future. But yeah, I think there's a ton of different use cases. The majority of the time, the difference between use cases varies, but they always stay away from being considered a security. That's the most important thing. That they have to stay away, right? I remember, what, a year ago, two years ago,
Starting point is 00:08:19 they were going after everything being a security. Exactly. Everything stopped in government. All these are all securities. In my understanding, that's all kind of government. Like all these are all securities. In my understanding is that's all kind of done. They all kind of proved it. No, they're not securities. Yeah.
Starting point is 00:08:30 So anything new that comes out their whole thing is they don't want to be a security. Yeah, exactly. Yeah. Depending on like what the, and if there is any sort of like a characteristic that might, you might consider it a security, they, they try and initiate that characteristic after the fact. So the way a lot of these companies are structured is you'll have a Delaware C Corp, right? Yeah, and that'll be a development company and then you'll have a Cayman Island Foundation
Starting point is 00:08:53 The Cayman Island Foundation is a decentralized organization where people vote and so like as I mentioned like governance, right? Like if you're holding the token, you can participate in this voting. Yeah, and the Cayman Foundation is responsible for kind of pushing a lot of agendas and the development company is the one developing these things and then basically creates proposals for the Dow to say yes or no. Yep. And so that way you know you can stay away from like issues with different organizations. Sure. And but anyway so a lot of times whenever people do these things what they'll do is they'll basically push if it has a characteristic of a security It'll be something that's voted on by the Dow not so much the development company
Starting point is 00:09:34 So okay, but it's it's very complicated and everything's in the gray space. There's not like a lot of regulation around crypto right now So yeah, I think you know I would still make the argument and tell me if you agree sure eight years I don't even remember when it was probably 2012 I guess I was buying Bitcoin at like 1800 that's 12 years ago is that right that's a little long yeah maybe no one 2012 maybe it was more like 2014-15 1800 I think yeah something call it 10 years ago. Sure, yeah. And literally I had a buddy, just trust me on this, this thing is the new thing, it's gonna hit, I promise you. I'm like, okay, I don't know.
Starting point is 00:10:13 I'll trust you, I'll throw it at it. Sure. Right, and I think he was buying it like $700, he was like, dude, my money's doubled in like 40 days, and I'm like, I'm in. Whatever this thing was, right? And obviously that was a great play but I say all that to say we're still infantile when it comes to crypto right like really infantile yeah I completely agree yeah I think like
Starting point is 00:10:35 kind of like the vision for genius I can give you like where we're at now and we like plan on going towards but right now I think most people use genius to trade meme coins okay transparency over you hear of Dogecoin, then you hear of all these other coins, and Genius is a place to basically buy any token you want. So talk about what that is. So what is tradegenius.com? Yeah, yeah. So tradegenius.com is like a first of its kind exchange, so I can kind of give you like
Starting point is 00:10:57 the alternative. So we have Coinbase. Everyone's heard of Coinbase. Sure. Coinbase is really cool. Two big problems with Coinbase. First is they custody your funds. So you deposit $100 on Coinbase,
Starting point is 00:11:05 they can freeze your funds, get fucked if they do it. Who cares, right? The second thing is you can only buy what they tell you you can buy, because they have listing teams. So that's like, I know that you're involved. So I tried to buy shit that wasn't on their platform, and I'm like, now what?
Starting point is 00:11:18 Exactly. And so that's a centralized exchange. Great, because it feels safe, but those are the two big issues. The alternative is a decentralized exchange, and they're usually chain-specific. So like Arbitrum, Ethereum, there's a bunch of tokens. Like Dogecoin, people don't know this,
Starting point is 00:11:33 but Dogecoin is actually a coin launched on Ethereum. And so there's millions of coins on all these different chains. And so decentralized exchanges are cool, but they're always chain-specific. So you're like, OK, I can only buy tokens on this. And it's a pain. It's a pain in the ass, right? It's like I'm not even going to get into it because it's like complicated to get money on these chains and then buy and there's like liquidity fragmentation.
Starting point is 00:11:52 So basically what we said, we were like, what if we could make it as easy as buying something on Coinbase? Yep. Give you full self custody of the funds and then do it across all chains so that that way there's no liquidity fragmentation. And so that's what geniuses is. It's the first place to buy any token on any chain instantly. And you created it. Yes. You're smarter.
Starting point is 00:12:10 Yeah. You're smarter than me by a lot. No, no, no. By a lot. Not me. It's the Shuttle Labs team. Yeah. Um, so. I mean, not as cool as shit. And so I tell anyone if you're interested, you got to make sure you go over there, right? TradeGenius.com.
Starting point is 00:12:24 Because I'm interested. So if I'm interested, you guys should probably be interested. So I would tell you, well, let's keep going through this hierarchy, right? So we got to the altcoins, right? Alternative coins, which essentially are still blockchain, but their functionality maybe is less, so they're smaller chains.
Starting point is 00:12:41 What is the next layer of this? I'd say the two other kind of types of coins are like, what we consider cash. So like cash equivalents. So USDC or USDT. So they're basically pegged to the US dollar. There's like large organizations. Are they pretty safe at that point? Yeah. So like it depends on which one specifically, but like USDC full faith in. Like they hold like US Treasuries plus US dollars to back their USDC one-to-one.
Starting point is 00:13:07 So if you're holding at one dollar in USDC, you know there's like actually something behind it. Interesting. But I think USDC is super powerful because it allows for like instant cross border payments anywhere in the world. So like to any platform. So you could buy, if I took my USDC from Coinbase,
Starting point is 00:13:24 I could buy on your platform, because it's just one-to-one. Exactly, yeah. But even paying people too, right? We have engineers in India and Venezuela and all these places. I pay them to their genius accounts USDC. I think the people in America, what they have a problem with and what they can't wrap their heads around is, how does this impact my life? Why should I buy this when it doesn't change my life?
Starting point is 00:13:47 It doesn't need to change your life, it's changing many others' lives. Yeah. And it'll eventually come full circle when I think the global economy will operate on USDC slash crypto. And that's kind of our big bull thesis. Right now meme coins are super popular on Genius.
Starting point is 00:14:03 You can buy a meme coin. But in the future, I think many things will be tokenized. Like real estate, intellectual property, so many things will have tokens and have different values and be geographically assigned. And we want Genius to be like the US stock exchange, but for the world. So like where anyone can go buy any token instantly.
Starting point is 00:14:22 That's like the big picture. So we already went through, did we get to meme coin? So we're to me know so many. Yes, I love them coins Of course. Yeah, they people think they're stupid. I also thought they were stupid I back in like 2016 all my friends were buying Dutch coin and I was like, this is so fucking stupid and they're buying a point Zero zero zero zero zero zero zero zero zero one and now it's like 40 cents exactly Yeah, so they've they've done all right. Yeah, but you know my ignorance was like this is stupid There's no value assigned to it like what what I'm like my uncle. Yeah, I did sound like your uncle Um, but then I kind of came to this moment where I was like, you know, there doesn't need to be any value because All meme coins are it's like assigning value to culture
Starting point is 00:15:03 Totally that's exactly right. And so it's like, if something has cultural relevance, then like people are going to buy it. And like we've seen that like all these meme coins launching like every day. And I think that's kind of like, you know, as I mentioned, like if you can't buy something on Coinbase, then like you're shut out of luck, right? And so our whole thesis was like Dogecoin was once not on Coinbase, and it was valued way less than it was
Starting point is 00:15:27 when it was on Coinbase. So, like imagine if you can buy coins on Genius, and then get the upside of whatever these big guys list them, that's when you wanna get in, yeah. So trying to give people that opportunity is like a big thing for us as well. So, a couple random questions. We kind of started the episode talking about Donald Trump,
Starting point is 00:15:43 and how you think he's gonna get Bitcoin to a million dollars per coin sure But then let's play into this next thing that was announced. I think yesterday the day before Donald just made Elon Musk the head of doge doge essentially like I Forgot what the even name was but he's like in government now Yeah, he has a position in government to like help organizations run efficiently essentially. Exactly, yeah.
Starting point is 00:16:09 Did that plan at Doge's run? Right, I mean Elon Musk has moved that coin every time. 100%, yeah. So, yeah, so Elon and Vivek were just basically marked as the heads of the Department of Government Efficiency. There you go, Government Efficiency. There you go, government efficiency. Exactly. And it was a play on Doge for sure.
Starting point is 00:16:28 Loves it. But I think that it was kind of factored in like the last couple of weeks, like the last two or three weeks, like because they've been talking about it. Yeah. That was definitely like a catalyst in Dogecoin's run recently. There's no doubt. It has to be, right? To go to 40 cents, like 39 cents or whatever, it's like...
Starting point is 00:16:43 100%. It's insane. It was at.0000000 something like 100% it's insane it was at point zero zero zero zero zero zero something yeah it's insane so I mean funny I have Doge but I wish I was way holding it way bigger right of course yeah that's how it always goes and that's where and that's where it's like it's like funny like people ask me all the time when should I excuse me when should I buy crypto yeah today right now and today is exactly, is it that, cause like, I think the funny example that I've been using is we have Thanksgiving
Starting point is 00:17:09 and Christmas approaching. And either you're gonna be the person at the table that's talking about how you're happy you own crypto, or you're gonna be the one sitting there as other people talk about crypto. Cause crypto is gonna be a conversation in millions of households this year. Oh my God, what a great like analogy
Starting point is 00:17:23 or just kind of idea, right? Like you're either gonna be the guy like, yeah, man, I should have gotten in. Yep. Or you're gonna be like, dude, look at me. Is that great? Like, which guy do you want to be? Exactly. I have a really good friend that is, I mean, he literally quit his job.
Starting point is 00:17:39 He just went all in, right? And it's because he was essentially day trading. Yeah. And was doing so well. He went all in all in yeah I am the other side of that I do real estate full-time so I want to get to how crypto leans into real estate how does that play out because they've been talking about that for four or five years six years of course there but do you kind of have advice for those out there because I I would tell anyone that like isn't ready to all in, and you're very extreme,
Starting point is 00:18:06 right, you've built an entire company around it and a whole trading platform. My friend is pretty darn extreme, he went to full blown day trading, quit his multi six figure job, and he's making more money doing it day trading right now, he's very successful at it. Yeah.
Starting point is 00:18:20 But wouldn't you make the point that, even someone like myself, it's almost like to some extent just a retirement account Exactly like pick a couple relatively safe Maybe one or two higher risks and just keep throwing money at it and dollar cost average until infinity exactly That's what that's what I do personally. Yeah, obviously. I'm like building a company in this space sure But that's what I've been doing since like 2017 So yeah, you just buy it and hold you know I have a really close friend, Dan Fleischman,
Starting point is 00:18:46 who has said like, how many of you guys have an iPhone, right, so we'll both speak on stages together. Sure. And you'll go out there and you'll go like, who's got it, who's got the iPhone? You know, the whole crowd, 2,000 people are like this. Yeah. And he goes, great, raise your hand if you have Apple stock.
Starting point is 00:19:01 And like four people raised their hand. Yeah. And his point is how can culturally people spend $2,000 on a phone but not make any level of investment banking on the company that they know is making said phone at all. And it's that skew of like intentionality or priorities, right? And I would make a similar argument, not quite as tangible, right? Because I don't know if crypto has anything tangible.
Starting point is 00:19:34 But like, this is a very real thing. Like people need to be betting on their future. And my point, and I hope you can argue the same point, hopefully, is such an infantile space still. Yeah. To your point you think Bitcoin has a shot at going to like screw a million going to 200,000 right? Like I think we're gonna hit a hundred thousand.
Starting point is 00:19:55 I think we're gonna hit a hundred thousand by end of year. By end of year? Yeah by the end of first. Right? And I was buying at $1,800. Yeah. Right? That is a thousand X essentially. Well quite you know. Yeah it's a lot.,800. Yeah. Right, that is a thousand X essentially.
Starting point is 00:20:06 Well, quite, you know. Yeah, it's a lot. 500X. Yeah. So I say that to just say like, talk to the people, like what should they be doing right now? If there's gonna be hundreds of thousands of people that listen to this, watch this,
Starting point is 00:20:18 what advice do you give them in this world of crypto? Sure, yeah, it's scary. And that's why a lot of people like, Sure, they'll get in and they'll be like, okay, what do I do now? So this is, to be very clear, not financial advice. This is not financial advice. But this is what I would do. And this is what I tell my friends as well,
Starting point is 00:20:35 whenever they ask this question. So I think like the safe bet is like, say you put 10K in an account. I would always like diversify between a few things. So it's like probably Bitcoin, Ethereum, Solana. And then I leave a little bit in USDC or cash as like my play money for like those Dogecoin bets, right? Because at the end of the day, it's like cool, like making like 7% is fun, right? But like I'm not here to make 7%. If I wanted to make 7%, I'd go put it in the S&P and not think about it, right?
Starting point is 00:21:00 As a real estate investor, I would give you 12%. If you give money to me, I'm gonna give you 12%. There you go, even better. It's backed by real estate, right? So you're not, if you have relationships like me, then you gotta be making a little bit bigger bets on your money because you have me that could just give you the 12% every month. Exactly, so like that's what I'm looking for,
Starting point is 00:21:17 like Bitcoin over time, looking like north of 50% annually, that's like the goal, right? And then for meme coins, like I'm looking for the thousand X all the time. And like, you know, I've had some like crazy days, like nothing like insane, but like, like fun ones where like there's this one coin called Tesla. There's like a meme coin on Tesla called Tesla.
Starting point is 00:21:38 And it was like, I put a hundred bucks in in the morning. I checked four hours later, it was $30,000. So I cashed out $30,000. Yeah. No way. It was just like some stupid shit, right? And like, it's just like the most ridiculous thing, but like that happens on like a daily basis in a bull market, right?
Starting point is 00:21:51 And so it's like, I'm always looking for those stupid things where it's just like, you know, like, to a lot of people, like what's the average salary? Like 45K, right? Yeah. 50, 50K. Maybe a little more now, but still it doesn't pay for shit. Yeah, it's like more than half their salary, yeah.
Starting point is 00:22:03 That's right. It's like, and then there's a hundred dollar bet. It's like, you're gonna go bet on sports, you're gonna go bet't live on it. It's like more than half their salary, yeah. That's right. And then there's a hundred dollar bet. It's like you're gonna go bet on sports, you're gonna go bet on all these things. It's like why not bet on the culture? Where can they learn? Like you can't sit there and just give financial advice and neither can I, but where could someone be like,
Starting point is 00:22:14 I'm gonna throw a hundred bucks on this. Yeah. Right, how would they ever know? Like how would I ever know? I don't know. How would I ever know? That's where it becomes complicated. I think there's like two places.
Starting point is 00:22:24 I think one is Twitter. I think like if you want like a real pulse on crypto specifically, Twitter is like the place to do it. Like there's like a couple accounts that you can follow and like you'll get a good pulse on Twitter. Right. And outside of that, it's, I would say like for the most up-to-date relevancy, I'd say Twitter. I'm only going to say one actually. Twitter's a place.
Starting point is 00:22:45 Yeah, and I would tell most people like please just understand. We're not giving financial advice. Yeah, I'm a buy-and-holder anyways, right? so Understand if you want to learn more make educated bets on yourself then do that But I always say like write everything off to zero right like don't put something in if you're not going 100% but that's why like most people can throw 50 bucks at something once a week exactly yeah like like like sports betting right yeah like yeah sort of but even better yeah like I mean
Starting point is 00:23:14 literally if you just put 50 bucks in a Solano once a week for the rest of your life you're gonna make millions and millions and millions and millions of dollars that's a safe bet for the rest of your that's a safe bet yeah but I guarantee they're gonna go to Starbucks one time this week and probably spend 40. Yeah.
Starting point is 00:23:28 Once, let alone the other like $5 every week, right? So exactly. It's just a priority thing, I think. Sure. I had a great conversation with someone recently just talking about like this, right? Because I'm like, Jesus is just, this is a bull market again, right? Yeah. Would you make the point?
Starting point is 00:23:44 How long you think this would likely, and again, you don't know for sure, no one will, but like, I'm going to make the point this is going to be a bull market for six months, maybe a year. A year or so, yeah. I think it'll really like truly kick off in like 70 days whenever Trump goes into office, I think. And then as we, I think it'll depend on- That will be the actual start of a real bull market where you can start to see crazy shit like doubling. Yeah, yeah. I think that, especially, I think there'll be like
Starting point is 00:24:11 maybe a few catalysts in between then, or not in between then, but like post that, right? Like if, you know, Trump and Cynthia announce like, hey, we're doing this Bitcoin Reserve and we're buying 200 million in coins. Let's go back to this. Yeah. So you think Donald Trump is going to have the United and by the way, it would
Starting point is 00:24:30 be Donald, but they are going to actively have the United States of America. Create a reserve. Yes. Just like we have our federal deserve specific for Bitcoin. Yeah. So like how we hold a bunch of gold or in the past, yeah, it'll 100% similar thing. And you stated this publicly and Cynthia has also been
Starting point is 00:24:50 in the way of how I was at an event in Wyoming with Cynthia. Look at me, like all my arms are all crossed in my ear, really. Yeah, so that's, and to be honest I think what's gonna happen is like they're gonna announce that. Yeah. A bunch of countries are gonna do the same thing. Bitcoin's gonna skyrocket, I think we're gonna see like. A bunch of countries are gonna do the same thing. Bitcoin's gonna skyrocket.
Starting point is 00:25:05 I think we're gonna see like, like ludicrous numbers. And my like interesting projection is I think that in the next like 25 years, there's gonna be like a tier one country. And in my opinion, it's gonna be a European country. They're gonna be terrible financially. They're not gonna do the Bitcoin reserve. They're gonna be an insurmountable amount of debt but all the European countries have like decent
Starting point is 00:25:28 defense equipment and I think that there's gonna be like a country like El Salvador or somebody in Latin America who has a ton of Bitcoin that will trade Bitcoin for defense equipment to bail out a country in Europe that's that's like my wild like just like projection I don't know how wild that is I don't know seems to make sense to, especially with everything that's going on in South America, right? Like in El Salvador and whatnot. What else plays into this bull run, right? Is it just strictly politics? Is it maybe New York, right?
Starting point is 00:25:57 Is it retail, right? Is it... What else can kind of play into whether something's going to run or not, right? We just talked about government. They to consider a theory on the SEC right security filing and blah blah blah yeah none of that has ever taken shape yeah what else plays into all this yeah I think government's a big thing I think regulation with the SEC specifically is gonna be a huge like if if drunk if Trump fires Gary Gensler that'll be the best fucking day of my life. Like, no, it's because what we're building is like, you know, in such a gray area.
Starting point is 00:26:29 And I think if you have someone that's super pro crypto regulation, but like in a good way, that doesn't kill innovation. Like that's, that's, that's fantastic for us. Of course. Like Gary, like they have this thing called operation choke point, right? Where it's like, they're just attacking Coinbase and Uniswap with all of these like basically bullshit lawsuits just to like basically burn cash. Yeah. And it make it look like they're doing something to scare people, right? It doesn't mean anything. They haven't won anything ever. But it just harms the rest of the industry, especially in America.
Starting point is 00:26:58 It's like, why, like if I'm going to start a crypto company now, like why would I do it here instead of Dubai? But I think like to answer the question is you need Gary against Argonne to be able to actually like make that argument for the United States. So the company that you just started, right? Is it, is not here? Uh, so our dev company is in the United States. Uh, we follow a similar structure to what I mentioned earlier. Yeah.
Starting point is 00:27:20 Like the Genius Bridge protocol is a protocol that's run in the Cayman Foundation. Yeah. The Genius Bridge protocol is a protocol that's running the Cayman Foundation. Sure. And then basically what our Devco does is we've built the front end and we manage the front end and we basically submit proposals to our DAO to push different pieces together. So let's get back to meme coins. There was a moment in my life, I want to say it was 2020. Yeah. You know, COVID was here, at all the time in the world, everyone did. Yeah. It's like, fuck it, let's go into these, and the names were ridiculous.
Starting point is 00:27:51 Yes. Right? Like, just the most like, purple panty eater. And you're just like. Okay, can I talk, can I say my favorite? Yeah. Yeah. So my favorite one of this cycle, that is like, like my advice to people and mean points is bet on cults Right sure if cults you just don't bet against the cult my favorite cult right now is called retardio. It's
Starting point is 00:28:12 It's interesting. It's interesting for sure, but it's basically just a group of mentally ill people that are like so bullish and weird and like like they're just they're insane but like they are like die hard to the point where like they get people to like have such strong conviction sure and it that like yeah I have yet to see a community have such crazy conviction and so yeah yeah it's incredible it's wild yeah and it's just like this group of like weird people on the internet and like I mean I'm a part of it I guess but yeah sure I have an irresponsible amount of money in retardio. So
Starting point is 00:28:47 irresponsible amount of money, I think Again, the people who are just getting in probably think any dollar is irresponsible. Now are people too late for Retardio or crypto? Definitely not. Yeah, definitely not. I mean we've we've had this discussion about like the federal government buying crypto Right, I think like yeah, know, where that hasn't happened yet. So anytime before that I think is even after, right? Because it's not gonna be like, oh they just make one massive buy, right? It's gonna be they're gonna be basically DCA-ing or dollar-cost averaging over the course of like a decade. And so like anytime around, like you know that's gonna be coming in, so like anytime's a good buy, honestly.
Starting point is 00:29:24 How would you suggest and if you can, like'm a dollar cost average guy in a general sense same Yeah, I just slowly trickle in because I kind of take that philosophy like if it's good enough for you to buy now Yeah, it'll be good enough for you to buy in a year sure any dollar cost average those investments exactly yeah Do you kind I know you said you do the same thing exactly? Yeah? I think it's safest way to do it. Because you can't time crypto markets, right? No, hell no. There's no like, maybe for stocks,
Starting point is 00:29:52 you can time things around earnings and you can try and time things, right? Nobody actually knows what the hell's going on. But with crypto, it's like, there's no like, yeah, there's no like indicator, typical indicator. That's right. So yeah, the safest thing to do is DCA. There's no point in trying to time a market, you know?
Starting point is 00:30:08 And like the reality is this is probably not what you're doing full time. You're making income on like a W-2 probably full time. And so like, yeah, just DCA-ing in and continuing to like add to your stack is the move. So in a general sense, the stable coins give you some level of security. The alt coins give you a little bit less level of security.
Starting point is 00:30:31 What do you think is going to happen in this what you and I both agree is going to be a bull run for seven months, 10 months, a year? What will be the catalyst for this bull run? Is it just simply Trump? Is it that basic? No, I think there'll be a number of things. I think it's like Trump policy regulation. I think the ETF inflows will be a big piece of that. Like the day Trump won the election, record-breaking Bitcoin ETF inflows.
Starting point is 00:31:00 And what's an ETF for some people who don't? It's an exchange traded fund. So basically a lot of these large Wall Street guys have basically launched these ETFs where if you buy say $1,000 worth of an Ethereum ETF to them, they're also holding $1,000 worth of Ethereum on our side, which is why it's really good for us, right? Before you could buy, what do they call them? Kind of like phantom products where it's like,
Starting point is 00:31:25 you can buy it and it's like worth it, but like they don't, it's probably like fractionally reserved, right? It's not like one for one, but like for these guys with these ETFs, they actually have to hold it on the balance sheet. And so it's like, if you're buying, if there's $4 billion in inflows in the ETF,
Starting point is 00:31:37 that means there's $4 billion in buying power on, yeah. On the other side. So like, that's like really good for crypto, which is why it was such a catalyst and why people were so excited. Whenever the ETFs got approved, the two being Bitcoin and Ethereum. Ethereum has been kind of a bummer on their ETF inflows, but Bitcoin has been fantastic. And I think you're going to see like, I think it'll just be like this viral effect of like, okay, like, you know, something happens maybe in government, maybe in regulation, Bitcoin price skyrockets, all these people with 401ks who want exposure to Bitcoin have been waiting, oh I don't know, price moves 20%, they're like,
Starting point is 00:32:09 fuck we missed out, and then they start aping in and it's just like, it basically creates that hysteria that you saw during the last cycle like 2021. So it basically almost creates this cult like action that people keep thinking they're making, missing out, so they keep buying in, which is going to keep this bull run going and going and going sure yeah compare it though here's where I was gonna go with this last question compare this to the relativity of a stock market sure yeah right the stock market exchange has been around for I genuinely don't even know but let's call it a hundred plus years yeah right I don't in my non expert opinion non expert opinion I don't, in my non-expert opinion, non-expert opinion,
Starting point is 00:32:47 I don't even see how it could be comparable in the sense of growth. Like I just don't see how a stock like Apple could get the same amount of growth for the next five years that what I would argue Ethereum could, right? I completely agree, yeah. But there's two very different things, right? Like Ethereum is like very foundational, right? Yeah completely agree, yeah. They're just two very different things, right? Ethereum is very foundational, right?
Starting point is 00:33:06 It's like you're trying to rebuild the financial system from the ground up. And the value of rebuilding that entire system is accrued on Ethereum's test. That's right. And so Apple, I think, they've done a great job. But I'm not entirely sure whenever I project and I'm like, okay, what can they really do
Starting point is 00:33:24 to meaningfully move a needle such that it like, you know, five X's over the next decade. Right. But like Ethereum, it's like if they actually succeed in like rebuilding this financial system from the ground up, I'd like the global scale where anyone can participate. It's like, that's like huge upside. Yeah, yeah, five X, we're talking like 50 X. Yeah. Right. Or 500 X in some cases, right? Because to your point is the foundational side. Yeah. Yeah. 5x we're talking like 50x. Yeah. Right. Or 500x in some places. Right. Because to your point is the foundational side. Exactly. If we wanted to equate Coinbase as the biggest platform to a New York Stock Exchange. Right. Like you have the older more customized stock that stocks you can trade buy and sell each and every day. Sure. And there's way more than that. But everyone gets the point. And then you have your crypto and you can trade buy and sell each and every day sure and there's way more than that But everyone gets the point and then you have
Starting point is 00:34:06 Your crypto and you can functionally do the same thing and I just think it's the infantile Place right now that if you have some level of risk or some level of willing to say I'm happy to throw $50 a month or a week or wherever your financial at something Yeah, my unexpert ass would argue, you're gonna make such a higher return in crypto. I'm just saying that, because I have definitely blue chip coins, right? Or blue chip stocks, right?
Starting point is 00:34:34 The Apples, the Teslas, the Amazons. I have money over there. I don't even put money over there anymore, just because if I am gonna invest in something, I want something more upside. Making an 18% return in a year awesome for stock market. Yeah, of course. That is nothing for crypto.
Starting point is 00:34:49 Yeah. That is like, oh, I'm so disappointed I just made 18% in a year. Literally, yeah. I was telling you this earlier but last night I like made a leverage bet on Dogecoin and I was up like three grand but like it doesn't excite me anymore because it just fluctuates so much and it's like I said about the Tesla it's like that's exciting. Yeah. Dude this has been fun.
Starting point is 00:35:12 It is genius what is the website again? Tradegenius.com. This is Ryan, tradegenius.com. This kid is 25 years old, way smarter than me by far. I'm very impressed by everything you're doing. Thank you. Any last words regarding crypto? Obviously go to his website, go to his platform, use his platform. Yeah. But what else just regarding crypto? We can probably give you some sort of referral link and if anyone signs up like we could probably like give them like free crypto or something. Let's do it. Yeah
Starting point is 00:35:39 let's do it. Let's do that. It'll be in it for if you're watching this on YouTube it is in the comments. Yeah. And if you're listening this on Apple or Spotify get over to my YouTube go to Justin Colby on YouTube watch it Go to the comments click that link. Yeah, dude. Appreciate you showing up. Thank you so much for having me Yeah, dude If you guys found at least one thing share it with two friends if there was one thing that you thought was very valuable Share this with two of your friends. I'll see you on the next episode with another killer guest later

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