The Wolf Of All Streets - Bitcoin Is Setting Up for $70K - But The Fed Could RUIN It

Episode Date: July 29, 2026

Bitcoin is holding above $64,000 as markets brace for the Federal Reserve's interest rate decision, with expectations split between a pause and the possibility of a surprise hike. We also discuss the continued unwind in AI stocks, why crypto ETFs are putting pressure on traditional exchanges, and how leveraged ETFs are reshaping retail investing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bulls think that Bitcoin is setting up for a move above $70,000, but the Fed and Kevin Warsh could ruin it all today. Shame on you, Kevin. Actually, nobody thinks that's going to happen. Probably going to get a Dovish Fed and could potentially be good for Bitcoin. But Citadel does think there's a chance that the Fed could hike rates today. I want to smoke whatever they're smoking because I don't think that's happening. But we're going to talk about that and more today with the badass from Bloomberg. James safer.

Let's go. What is up, everybody? Good morning. Happy day and welcome to the beach. I hope that you're all having a wonderful Wednesday. It's Wednesday, right? It's Wednesday. Happy Wednesday to all the Wednesday celebrators out there.

It's hump day. And on hump day, we get a very important Fed decision today, the most important Fed decision since the last decision and until the next decision. We're going to break that all down. I'm going to bring on James right now. Good morning, sir. How are you? Good morning. How are you?

I'm great. I'm better than our friends in South Korea. They're all liquidated. They have to sell their homes to cover their positions, I think. I mean, so like this is great. So it starts, you know, the headline. Bitcoin rises towards 64K is Korea's record chip crash leaves crypto in touch. For those who haven't been following along, I mean, wait, is this fucking real? Cospy Composite Index gets a circuit breaker every day. Right. So for people who haven't been tracking it, this is worse in South Korea than the COVID crash was everywhere else. right? So this is like the worst stock market meltdown that we've seen in years. And it's,

yes, it's just happening over there, but still absolute insanity. Well, part of it is like, the whole, almost the whole index is two stocks. Like, right? And also you take, they were already two massive parts of the index. And then they went on this meteoric, absolutely insane run for semiconductor chip stocks, whatever you want to call it. And they launched a bunch of single stock levered ETS to those stocks. It's funny. I, as somebody who covers the ETF world. This is big in the ETF world because you have the regulators there saying, like, we never should have launched these things. They cause this problem. Yeah, I've covered this like at length on the Daily World from my favorite. So we actually just look back on like May 19th or 18th.

I did a whole segment that I this launched my how not to invest segment because I saw that article that said, you know, retirees are selling their insurance and their savings to buy SK Highnix and Samsung leverage ETFs. And I literally said, we know how this ends. Then three weeks later, I didn't update the first time at circuit breaker and they all got liquidated. And that was like six weeks ago. Right? And I did a whole story on this. The minister apologizes said

we shouldn't have done that. By the way, as I often do, I created a meme three seconds before the show to explain this to everybody. This is it. Right? And yesterday if you watch my Yahoo show,

which you probably don't because you hate me, I actually said, I said this is, I took a picture of the floor of the Korean stock exchange. It was just all of them sitting there on Squid Game waiting to be murdered. Dude, it's, it's crazy. I mean, the numbers are just absolutely insane. It's unlike anything that would ever happen in the U.S. We are way too diversified to have this sort of situation. But I mean, we're gamblers too.

But South Korea is, they just love to gamble, dude. They love it. I mean, if you look at crypto volumes in South Korea. And so, by the way, that has diminished dramatically since they got access to leverage ETFs on AI, which is kind of the same trend we've seen across all markets, right? And we'll get into that, actually, how crypto exchanges have seen no volumes because maybe ETFs broadly, but certainly because of, you know, AI trade and leverage. It's just kind of taking the shine off the crypto casino.

And we've seen that even on the exchanges in South Korea, which often you'll see a exchange you've never heard of in South Korea, do like three times coin-based volume in a day. Yeah, it's just random stuff. Like you go on these websites and I try to track like where all the volume is. And I'm like, are these numbers right? They can't be right. And it's usually right. You're like, what?

How did they do $40 billion in volume on Ethereum today? Or it'll be like the best story is it's always like a random day. It's like XRP. XRP does like four times the volume of Bitcoin at a day on some Korean exchange. I think that happened with Shiba Inu this week. It was up like 29%. I think it was South Koreans who were buying it. Yeah, I mean, it's South Korean, Taiwanese, they love to like gamble.

There's like these areas of the Chinese markets, the financial markets. And we have analysts obviously in Hong Kong who cover this. They get like fixated on these things. And they really love to gamble. And like some of them actually really love income more so than even Americans. But yeah, they get really fixated on these one things. And obviously crypto is one of them. And they have like they're they're all silo.

There's all these issues with cross change, cross border flows and things like that. But you look at it. And they have like a whole different world over there for what they're trading and what they're interested in. I went to Prague for Millennium New Year's. And our casino and our hotel had like a two-table casino. And the whole week it was just all Asian people like gambling with like us three white dudes. And they had this thing that I've adopted every time I go to a blackjack table. This has nothing to do with the show by the way.

Where any time they want like to like would like, would they double down or something, they hit the table as hard as they could. They scream monkey. Monkey. Now, anytime I'm in a casino, I scream monkey when I need like a 10 on a double down or something. You needed to know. So let's talk about the Fed. Sorry, I'm in a funny mood today, I guess.

I don't know. So Citadel bets on a Fed rate hike Wednesday as Bitcoin analysts call a hold. Someone will be wrong. I'm going to tell you who's going to be wrong is Citadel. Right? I mean, right now we have CalShe's 77% chance Fed maintains interest rates tomorrow. Right? And they have a history of being wrong like everybody else, which maybe isn't the biggest story here.

But like, we just had Trump literally say, I don't have the quote in front of me. Didn't he say yesterday or today? He was like, heaven knows what to do. Yeah, he knows what he wants to do. And he knows what, yeah, something along those lines. I mean, that's the, I mean, right now, yeah, we, we obviously price off of what's going on. I think we're somewhere on 35% chance of a hike. But I think all this like no forward guidance and all this stuff, it just creates more volatility in the market.

Because even if, like, they would have given guidance and pushed it down a little bit more, it doesn't matter. Like, now we're going to be a lot closer to 50-50 for pretty much every rate hike if Kevin Warsh gets the exact way that he wants it. I'm not, I don't really have a strong opinion if that's a better way to do things or a worse way to do things. Obviously, there are much smarter people than me. But yeah, I mean, no matter how you slice it, he, I think he wants, if he were like himself five years ago, he'd want to hike. Maybe. But obviously, Trump doesn't want that. So, like, I don't know, man.

I feel like that was all misdirection. Like, this dude was in the room for all of 2008 as a Fed governor. It's not like he was, he was Mr. bailout, right? So, like, I think the hawkish thing was a way to, like, sell him to the public when he's just a quiet dove. Right. I mean, here's the other narrative, right? Anything remotely doveish from Fed can be good for Bitcoin, says analyst. That's probably true, right?

Like, now it's like if he's not hawkish, he's doveish, so we're good to go. I think we're just going to probably trade at 64, $64,000 purgatory for the rest of all time, but we'll see. 58K, K, gang. We're going to go back there. Bitcoin is now a stable coin. 58's fine with me. I'd rather buy 58 some more than 64.

Bought some in the 63s with, you know, I have the automated thing. I bought 63.5 the other day. There you go. Hopefully that pays off for you. After the first cutting rates, but it doesn't look like cuts are coming.

No, I don't think cuts are coming yet, but I think the fact that the market is pricing in two rate hikes like by next April is just, not going to happen. Like, Worst was not given this job to make things worse for the midterms. No. Yeah.

I mean, we're pricing, I mean, the market is still pricing a hike by September. So by the September rate, by the September meeting, the market is expecting a hike. Or, I mean, obviously, I'm sure you've had, you've talked about this. Like, it's not necessarily that it's going to happen on that date. It's just there's these tales of distributions. And right now, the odds are that there's likely to be a hike by September for a whole host of reasons. Yeah.

Ain't happening. Okay, let's talk about ATF since you and this handsome gentlemen are already at them right there. And all his glory. He's just living in Philly. He's got LaBron. Bloomberg Badass is a new one. I've never heard that before. And right now, that was not planned. It just happened. You guys are the Bloomberg badasses. I'm naming it here. Better than being like balding Bloomberg badasses if we wanted to get more alliterative because you guys both have great hair. Today, Bloomberg ATF analyst, Eric Balchunis, says crypto ETFs are squeezing out exchanges, letting traders buy coins for one to three

bips instead of paying high margin trading fees. So this kind of aligns with what we were just talking about in South Korea. Like not necessarily, obviously, this is the fee side. And maybe he's saying it's kind of a better product that's more interesting. And I have heard that. But I think it also just like removes money from exchanges and is allowing people to trade with leverage in other places. Yeah, I mean, no matter how you slice it, if you look at it,

any of these exchanges, wherever you bought that 63.5, you might have paid like if you have a really good account that you can get a cheap access, you probably paid 40 bips maybe to make that trade. I mean, ETF's trade free and the spread is pretty much zero. He's talking about the spread there. That's one to three bips. So the fees are really low. How much is that impacting what's going on crypto right now? I don't know. I think it a lot more has to do with like the idea of like momentum is in AI and, you know, momentum begets momentum. And that's where all the interest is. And Bitcoin is an attention asset and it's just not getting a ton of attention right now. So when inflation comes back or printing tons of money or whatever have you, then maybe Bitcoin and even gold will become back on the front center stage and then we'll get there.

But no matter how you slice it, people are trading these ETFs. And it's a better vehicle for the vast majority of people for getting exposure. Obviously, that's not your keys, not your coins, what have you. But like if you're just trading pure exposure, the ETFs are probably better for the vast majority of retail consumers. Yeah, and I think that the other side of that, and I think you're 100% correct, is that once you, if you're a crypto guy and you left kind of the crypto world and went into the ETF world, you're like one toe already into just flipping into other markets, right? Like now your money is out in your Schwab account and all of a sudden you see NAD and Nvidia going crazy or leverage AI ETFs. And then the other side is that also on the actual crypto exchanges outside of ETF, it used to be that you could just, speculate on all coins and on Bitcoin, and then all of a sudden you're on hyperliquid,

and you can trade oil and silver and pre-IPO, SpaceX. So like the crypto money either went to the other market and then found greener pastures or stayed in crypto and found greener pastures. Yeah, I mean, and also part of it is like a lot of these young kids, like, so I'm in my 30s now, a lot of people who started this, you know, 10 years ago, they were in their early mid-20s. They didn't have a ton of obligations. They could, I mean, obviously there are still people of my age, Yolo,

into random meme points and stuff. I think they're going to having kids, but yes. Well, that's where I was going. Like they're having kids now. They're getting married. Like I have never been somebody that's like you should have 100% of your money in Bitcoin or some of the way Bitcoin maxis think like they don't really truly believe in capitalism. I'm like, no, no, you should have exposure to the dynamism of the US capital markets.

Like you should have exposure to the S&P 500 and the greatest companies in the world too. And I think a lot of people who were like only got into investing through crypto have realized that they should have exposure to these AI names, to these space names, or, you know, Apple, Microsoft. Like, it kind of makes sense to have exposure to these things that are growing and making bets on those types markets. It's not just, it's crypto or nothing. Yeah, I agree.

I mean, I can't say that it's, you know, the reason for all of this. I mean, we have Andrew who's on here every Tuesday. Crypto exchanges are shutting down for one simple reason, no volume. There'll be more casualties. We had Bitmex. We had Bitmark. He was speculating. He knows of another Asian exchange.

it's going to shut down. I've heard the same, but I don't talk and pandering rumors. Probably one of the self-drain exchanges. 75%, right? I mean, you just look at any of these metrics, and there's just no volume. There's nobody here. But interestingly, we still have flows. ETSs are still getting flows, right?

So the exchanges, volume down, down, down, down, down. ETF's growing still. Well, also, the ETF volume are also down. So the, the, the, the, the, F volumes, they had like a stellar 2025. of course. Like off the charts type volume. And then it kind of slowed down into like the early parts of 2026. It was still elevated.

Now it's it's in the doldrums in the summer so far in 3Q. Like it's been it's been real low. Yeah. No surprise. So you got you got to break this down for me because I've seen this everywhere and it just kind of speaks to the popularity of ETFs. Corgi ETF, all mob disrupting an entire industry. What is it with dogs, man? And now we got like ETF issuing dog memes, but Corgi,

you just filed for every single country ETF of Agile. What is a country ETF? What are we doing here? I mean, so like every big issuer has like, you know, you want to invest in Greece. We have a Greece stock market ETF, right? So that's all it is. But really what it comes down to is, so these guys launched their first ETF.

I don't want to say the exact month because I'm not sure, but it was like late fall 2025, right? They now have like 180, 200 ETEF. on the market, they have filed for over 500 ETFs to launch that would be ready to launch this year, which is just absolutely insane. Some of it is crypto-related. They're launching single-stock leverage ETF. They're launching broad-based exposure. They're launching themes, leverage themes, space, you name it.

They're filing for everything under the sun and just launching. And they're actually kind of undercutting everybody. The costs are the fees are really low. But the mean takeaway here is like BlackRock has just under 500 ETFs, 480 something, I think, in the U.S. If these guys launch like, I don't know, 90% of the things they filed, they're going to be the largest ETF issuer by number of products in the U.S. Which is unheard of. It costs hundreds of thousands of dollars to launch and operate these things on an annual basis. So these guys are just running at a burn rate and they're just lighting money on fire.

And it's a it's a VC playbook. They have VC money. This is not their primary business. It's mainly an AI insurance thing. And they're spraying and praying. Yeah. So if you get, they have one product that's pretty damn successful. It's like a photonics type ETF related to A.

AI and semis, who knew. And they're praying that they get, you know, 10, 15 of these 500 other ones that get are very successful and basically earn enough money to offset the cost of launching and operating all these other products. We've never seen anything like it. I mean, for people listen to this, they're probably falling asleep. But it's just, it's mind-boggling to see somebody do this. I want to hit that Ireland.

That feels good. Joe Wiesenthal had this one, right? There's an Ireland traded 3X leverage, S.K. Heinex ETP, like that's such a mouthful. that's down 96% since mid-June. So this goes back to that South Korean trade, but this is an Ireland ETF that's being offered somewhere that's down 96% because it basically launched at the dead top, right? And there's 3x levered on SK-Hinex.

I mean, what? Isn't it just like rampant speculation everywhere and now it's like seeped into the stock market beyond even like the crazy leverage crypto corners and now it's just in the ETF world too? Yeah. part of it in the ETF world is like most of these, they charge a lot of money. They charge 1%, 1.5% on an annualized basis.

Most ETFs, like you look at ESP 500 ETF, it's 0.03%. So like all these issuers, there just need one ETF to be a hit. And sometimes it's like you've just taken a little bit of flows and that takes off. Like the people who launched the Nvidia lever 2X single stock ETFs a few years ago, they're sitting on billions earning one and a half percent a year on that. And it just pays for everything else they could possibly want to do. But the other thing is like these things are taking off across the board. We're seeing leverage index ETF, single stock.

And then also like the options volume on daily resetting leverage ETFs is also going through the roof. So like for people who like three X isn't enough, you know, the crypto crowds is using 100x perps. They're trading like, you know, just barely out of the money, options on 2x single stock ETS. It's crazy. The amount of like gambling that is coming to the ETF market.

It feels like this. It's like end times. I mean, I talk about this a lot. Like the level of speculation does not usually come when people feel stable and secure in their lives and their finances, right? It's like, why my Republic? It was like, we might as well gamble because we have to, you know, take a wheelbarrow of cash to go get bread. So, you know, and that was like the height of speculation is usually before some major crash. I mean, when you put this together with prediction markets and, you know, now we're adding leverage to prepare.

prediction markets and are obviously also offering perpetual swaps. Like, why is there so much appetite for rampant speculation and gambling? I don't know. I mean, I think this is always going to be here. I mean, obviously right now, it's dialed up to a 10. But like, I remember during COVID, when the Fed started hiking rates, people were saying this is the end of gambling and speculation. All these Robin Hood traders are going to go away.

And I vehemently took the other side of that. Like, I was like, no way. People are always going to gamble. I don't know if I necessarily thought it was going to go to this. extent, but like this is always going to be here. And I will say, like, we're talking about this. And like, one of the things we get to see with the ETFs that you don't get to see with some of other stuff is like, are they behaving properly, like the people trading these things? And for the most part, in the aggregate, like the people trading these things are using them as design.

They're not like holding them long term. They are trading them. And they're selling them on rips and buying them on dips. So they're like trying to call bottoms, sell tops. And for the most part, like they've created more wealth than they've destroyed. People have taken money on these things. They use them like an ATM. So kudos to all. all the investors out there who are trading these types of products we're talking about and like being smart about it. Like I have a big hit. It went up 10x.

I'm going to take some of my money off the table. Like that's what these things are built to be used for. They're trading vehicles not long term buy and hold type of vehicles. I got to find it. You saw this guy, I'm sure. I'm just pulling it from my other chat one second. The guy was trading options on. Oh, down 27 million.

I might actually kill myself. But I don't have that kind of money. He's up. The thing is, he's got a 3x. Yeah. I think he put 1.2 million in, he said. He ran it up to 27, 5 a month ago. Now, you know, he's just doing the crypto thing, watching it go down.

But, you know, he's got 3.9. He's just sell. That's the thing. It's like so obvious. Dude, take your almost $4 million in like seven months and call it a day. I think he was trading, like, his premise was like Micron at 300. So it's like semiconductor options or chip. I mean, but isn't this it?

I mean, this is what we're going to see everywhere. Yeah. I mean, people are going to learn their lessons. I thought a lot of people, like I said, people thought everyone's going to learn their lesson during, you know, 2021 meme stock mania and all the shit that happened then. People, we re-learned the same lessons over and over and over again. It's like, crypto is relearning the lessons of Tradfi over the last, like, century. Like, I feel like every time something happens, it's like, that's why.

why we have separated custodians and exchanges in tradfai markets. And like, so shit like that just blows up in crypto and I don't know, people are going to learn. And honestly, I just hope that people who are like gambling and doing this stuff with people listening, it's with money they can afford to lose, which I think most people do do that. Obviously, there's anecdotes of people who are losing money.

They can't afford to lose. And it's sad. But it's just like gambling. Like I could, you could go up the street right now or I don't know. Actually, I don't know exactly where you live. But like, you could take, go on a flight to Vegas and put,

half your net worth on a roulette wheel if you really wanted to or put it down at a blackjack table can't invest unless you're accredited though yeah if you want to go be going to get me started in the PE hedge fund AI a accredited investor first qualified purchaser requirements so stupid but here we are I mean this this guy is so good but I mean he's got three he turned it into 3.9 you know well memory memory options. I think this guy's a winner right now. He's just got to exit and he shouldn't have put it on social media. He had the fallacy where he was like, it's anything above 1.2 million is the house is money, which is like my favorite cope there is. You know, house is money. Wasn't mine in the first place. It could have been. I would have taken some of it. I could have

used it to buy a house. I've learned this lesson, man. I've round-tripped accounts. Whatever. We've all been there. We've all done shit like this, particularly anybody who's been investing in crypto since 2017. You just, you just watch it go up and round trip all the way back. But hopefully over the long term, that trend line is pointing upwards. And obviously, it's not pointing upwards right now, but. Is that James Wynn guy

still around? Or is he like finally been liquidated? I haven't heard anything about him forever. He became a main, never become the main character on crypto Twitter. No. No. Well, we do have one more very large story here in the ETF world that we need unpack. Morgan Stanley launches cheapest ether and slant of ATFs at 14

basis points. So, you know, they kind of made a splash when they came in with the Bitcoin spot, ETF a few months ago, also undercutting the market. That was also 14 bibs, right? Is that correct? Yes, correct. And so they had filed, so we kind of knew these were coming, but now they're hitting the market.

I actually talked to Amy Oldenberg, which is ahead of, you know, who runs all this at Morgan Stanley last week when I was at the Audi Summit. And I was like, yeah, of course you guys launched ETF. You have like 15,000 salespeople out there that can push this instead of BlackRock. And she was like, actually, you'd find that we haven't really kicked that in so heavily yet. And most of this was just our clients seeing it launched and buying it. It was very organic and it wasn't like actively sold to them. So I wonder if we'll see that on the Ethereum and Salina ETFs as well.

Yeah, that would be my base case. I think like right now, they're going to wait a little while before they start actively selling these things. And honestly, if you're in crypto, right, and you follow, I mean, anyone in crypto has to somewhat follow what's going on with the four-year cycle, right? Like you have to be somewhat aware of what's going on. And launching these things when they did, you know, they launched into a bare market. It shows like at least some conviction. Obviously they started this years ago. But launching at 14 Bips, I mean, you're going to get people who are looking for long-term exposure.

Robo advisors, like one of the big things they tend to look for obviously is like the fund is operating as plan, but also the cheapest fee, imaginable. And at 14 Bips, these are all the cheapest products on the market. So you might see Robo advisors putting money in there. And then also for these advisors, it's just way easier argument, right? Like so you want to put them in a client account and you want to put them in your own account. Like it's just there's no debate. Like it's functionally the same thing as every other product in the market and it's ours. And it's the cheapest.

And all of a sudden you can just do it. So eventually when they, I've been saying this for years. I feel like usually I would say the three year mark is usually a good year mark for like when these things like really start taking off. A lot of people, investors wait for three years of history, things along those lines. So once we see those three year marks pick up, it could be important. But yeah, advisors still, they're one of the biggest holders, but they haven't put tons of money into this thing. And I'm pretty bullish on the fact that Morgan Stanley is still launching these things in the bear market. And, you know, right now might be a good time to be dipping your toe into these things.

I remember when these ETS first launch, I was talking to advisors, when Bitcoin is around 100K, they're like, I'm not putting my clients into this thing after it's, you know, 4X or whatever. And so they have no interest. Maybe I'll think about buying it on the dip. The data is showing that they're not even buying the dip, but like maybe it. at some point when this thing starts ripping, they'll get it in before it takes off or if it takes off. And I'm just like I'm just hitting these Korean market tweets right now. It's like, uh, the memes are so good too.

80% down under two months. So many bought this 3K levered ETF with mortgage loans. I mean, you know, then we have idiots like this. South Korea's finance minister, apologize on Wednesday after single stock leverage ETFs were introduced without careful consideration. I mean, it's just. It is the best. That never charter, my God, that like, this is like a class, most classic chart I've ever seen.

Look at that thing in all its glory. It's crazy. Whoever's trading this thing is having a lot of fun. I mean, those things reset daily. I mean, the market is crazy. But again, I go back to the fact that, like, S.K. Heinrichson, Samsung is something like 40 or 50% of that entire index. So, like, you're trading that. And it's like, oh, I'm trading an entire country's index.

And it's like, I'm diversified. It's like, you are not. You're trading one thing. And it's all AI. And it's all related to itself. It's all chips and memory. That's it. I want to know if James Wynn is still around.

He's a mark on your name. You James is. Is James Ruin trading leverage perps on Korean stocks? He once came in to a Twitter space as I was hosting. As you know, I did, and he kind of started to like dominate it and go crazy. And he called me a bitch. Well, you should be honored. Yeah, thank you.

Yeah, that was fun. I was like, I've been called a bitch by better people. We've all been there. Yeah. All right. That's all we got for that. I appreciate you taking the time. Bloomberg badass.

You guys should make t-shirts or hats or... All right. I'm going to put that on the back of our book. I'm just going to say the Bloomberg badasses. Thongs. Exactly, banana hammocks. One of you in a Bloomberg, one of you and badass. Just Griffin here.

Yeah. Yeah, that's too much for 9.30 in the morning, at least on the East Coast. Well, imagine it for the West Coast people who watch this. I just literally explode. All right, James, thank you so much. Everybody give James Apollo. Have a good one, bro. All right, guy. I've cut that off

super awkwardly. It's terrible at this. Ah, so, listen, before we go, I want to talk to you guys about an interview I did a week ago Sunday with C.J. Constantinos from People's Reserve. I'm sure that you all

watched it, you know, that I've been working with them now. Well, I mean, they're back well over a year. But I just want to to, you know, briefly take the opportunity, since there's awesome, to talk about what they've been building at People's Reserve that is launching very, very, very soon. You guys have seen it because I've talked about it so many times,

but I want to show you my favorite feature. So obviously, first of all, CJ tells the story, I believe, is about how he sold 100 Bitcoin to buy a house that's now worth like four or five Bitcoin or something, right? And that was what sort of sparked his interest in building something where you didn't have to sell your Bitcoin to buy a house. I wish I had known about this because there's been times when I had to actually sell Bitcoin. I was forced to to purchase real estate.

Very, very long story. But so they've built this incredible suite of products like Bitcoin backed, excuse me, self-repaying mortgages, Bitcoin mortgages, the Bitcoin bonds, which I love. But while I was on the interview with him, if you watched it, I found this calculator. You should click on right here. It should work. Come on. Oh, yeah, this one. Let's do Bitcoin bond, for example. This is my favorite new toy, and I think you guys should go do it. So look, they're Bitcoin bond. Let's say you buy a million-dollar Bitcoin bond with a 4% interest rate, right?

At five years, okay, Bitcoin Kager, 40% is high, right? This is the Michael Saylor 30, 40%. Let's put it at 20%. Conservatively. If you believe in five years, on average, Bitcoin will go up 20%. I happen to believe that. You'll turn a million into $1.4 million. Now put that on 10 years if you buy this bond, 2.7 million.

Now let's ratchet it up just in case we believe it goes to 40, which I do. You're $1 million worth $9.264. And I think what's really even maybe more incredible, you take a look at like the Bitcoin mortgage, 500. Let's make a million dollar house. Let's get it. Is that a million? Million dollar house for round numbers. You put down 20%.

So you got to put down three Bitcoin, right? basically $200,000. If the Kager is 30%, you pay off your 30-year mortgage in eight years, right? Even if we go down to 20%, 11 years, go down to, if Bitcoin only goes up 10%, you'll pay it off in year 18 instead of year 30 with a $4,000 payment. It's absolutely bananas, right? This is the future of how people are going to use Bitcoin instead of selling it. And I highly encourage you to check them out.

And so obviously this is great if you're looking for a mortgage. You can also claim a house that if you own it outright, which is something I'm doing with them. And using their bonus points, you can basically get paid for having your mortgage. And you can buy the bond. You can get a self-repaying mortgage. You can get a Bitcoin mortgage. It's literally endless. And I think it's incredible.

And I want to tell you guys about it. So I hope that you check it out. Let me find. I'm going to have this interview. somewhere, I'm sure. One second. I'm going to show it to you here on screen. Look, see what I'm looking down? You all think I'm checking my phone? I've got a screen here. I've got a screen. I'm literally because I'm so boomerish. I'm Googling myself. Oh, on YouTube, like Scott Melker podcast. Wait, we're going to get it. It's going to come. Don't worry. Here it come.

Right here. That's actually playing. Watch it. But there it is. Bitcoin Mortgage Hacks. that changes everything. So I ask you guys, please to check that out because they're awesome. You know that I don't share many things like this, but I've been friends with CJ and these guys for a very, very long time now, and I really, really believe in what they're building,

and I'm using it myself. So you can check that out. I'm assuming the links in the description. People's Reservie. Yeah, just to make sure it is people's reserve.com. People'serve.com, play with the calculator, do the thing. I will be back for a Daily Wolf today. And of course, I'll be back tomorrow at 9 a.m.

We've got an awesome guest tomorrow. Ophelia Snyder from 21 shares. She's kind of like the brains behind the Kathy Wood ETF push. She's amazing. So that's going to be a great show. And thanks to the James that I like for joining today. And just before we go, I just want to show you this. I think it's funny.

How can you not think that's funny? Flores, I made that. I'm smart. See you guys later. Today's video is sponsored by Securitize. You've heard the word tokenization, putting assets like funds, bonds, treasuries, and stocks on-chain. Securitize is the regulated infrastructure, the biggest names in finance, build on. They're the tokenization partner for BlackRock's on-chain treasury fund Biddle,

working with New York Stock Exchange, Van Eck, Hamilton Lane, and Apollo. SEC regulated entities nearly nine years running. Most money still moves through slow, decades-old systems. Securitize puts the real asset on chain itself, not a synthetic, a rap token standing in for it, and regulated in the United States. It's the institutional grade bridge between traditional finance and crypto. They didn't just build it. They just proved it, listing their own stock on the New York Stock Exchange and simultaneously tokenizing it on chain on Solana and Avalanche. They're the first and only public company built entirely for this.

Their mission, tokenize the world. Learn more at Securitize. So this is a paid partnership, not investment advice.