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0:00 Intro
00:39 Pushing crypto forward
01:34 Government’s dangerous lag
02:08 Altcoin resilience: Evolving crypto landscape
03:37 Government lag: Technology’s parabolic rise
04:33 US government’s crypto attitude
05:21 Crypto’s inevitable takeover
08:11 Regulatory chaos: Collapsing confidence in US crypto
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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Doesn't like it when people make money Who are crypto Pros that's me [Music] I like to get out and actually do things And push crypto forward because I can't Say enough how impressed how impressive Backus was with what you said you get it He's one of the only people who I've Ever talked about or talked to that Actually get What's Happening Here I Don't think you understand the speed That things are happening at right now He does he pointed out decision Crappy metaverse awful you can learn Some stuff from it right he's you They're using it they're learning Working with the government and so we We've moved in as well with working with The government on the state uh and Federal level And since had what I've learned a little Bit more about the way that the American Government works and I don't think it's Actually that much different than the Way a lot of governments work Um they're bloated it's too big it's Bureaucratic politicians only only try To do things that help their next Campaign they don't actually do things To help this is very dangerous with Where we're at right now uh the United States government is falling so far Behind I think a lot of them think we're Gonna be able to catch up which is still
Possible at this moment it's not going To be in the future you have to realize How fast technology is advancing that Crappy metaverse decentraland Wait about four years and see what it Looks like it's going to be drastically Different or it's going to be replaced By something that is dramatically better Right metaverse is coming nfts are going To continue to be bigger and come become You know take more and more forms when We look at uh the amount of people that Are coming in and the amount of coins And exchanges that are being created I Was told by everybody and their brother That when we went through this last bear Market we would see a total collapse of Altcoins which definition is anything Other than Bitcoin we see a turtle Collapse and we would see coins Funerals for coins everywhere and I told People I said I don't know if that's True the number of coins when we started The bear Market on coin market cap the Number one uh number one most visited Site in all of crypto where they track Crypto analytics and crypto stats Training stats things like that on koi Oregon cap there were barely over 20 000 Coins I was told it would go down to Less than a hundred because no We've had 3 000 additional coins and There are hundreds of thousands of coins Out there
Foreign [Music] [Music] [Music] It's only going to continue to get more And more and bigger and faster and we've Got a problem where we have the the Speed of government which is extremely Slow It's already been outpaced by technology Growth It's about to go parabolic it's about to Be exponential to the point where Governments are not going to be able to Catch up like yours is we don't want to Worry about a dow or enough teams right Now like that's crazy we got to focus on Crypto trading but yet Bitcoin's been around since 2009 white Paper since 2008 We don't have definitions of blockchain Or crypto assets that's terrifying That's terrifying for business that's Terrifying for Innovation and that Should shake governments to their core Because it's only going to get worse you Can't sit on your hands and say well We're just going to ignore this America Was able to enter the race much later Than everybody else and they were able To win and they were able to become the Leader uh you know in space exploration At that point I believe the United States government
Has the same kind of attitude when it's Coming to crypto right now the banks uh You know are made regulator Gary Gensler Literally was an employee of Goldman Sachs the biggest most people being in The world uh for at least one of them uh And so all of the regulation right now Is cited Towards the banks they're trying to hold On to the traditional system as long as They possibly can but in slipping Through their fingers once that hits uh You know a point of no return where the System is changing I mean do you guys See what's happening with the banks in America right like they're all Collapsing right now but at some point That's going to change and the crypto System is going to be taken over that's Not an opinion or a theory it's Literally financial and technological Evolution it's a better system and all Of the the parties in the world that Have been built up uh as Brokers right Through the bank is bank is broker They're an in-between they're a Middleman for you and a good or a Service right All around the world we've got services Like the banking system that's set up For third parties to be able to come in And like a leech Suck money off of Everybody without Doing anything
That's going to be over blockchain fixes That crypto fixes that Bitcoin fixes That Eventually Common Sense wins out in the Superior system wins so my encouragement Is while the United States is still Acting like uh you know this heavy Bureaucracy and they're trying to hold On to the citizen as long as they can to Try to make sure in the future they're Able to catch up with smart regulation There's a lot of opportunity for other Countries right now to step up and Become a leader in crypto so my point is This They operate a lot like the traditional System Those are times we don't want in crypto That's a crypto exchange that operates Like a bank that really doesn't have Anything to do with cryptocurrency Specifically well what I think is very Important is when it comes to the Regulation of these platforms what we Really need to see Are is Clarity in the terms of service Where people are signing up in the terms Of service uh you know is based on Regulation right and I'll explain Briefly what that means it's based on Regulation and the companies are held Responsible for that so if someone signs Up for for a site and the terms of Service says we are going to take your
Crypto and we're going to leverage it And if we make money with it you get a Return and people sign off on that Then that might be okay But it has yet That didn't say that there was another Term to service the southeast service Kind of kind of did say that you know Once you give us your assets they're Ours We need to have Clarity when it comes to Whose assets or whose when they're Sitting on an exchange or somebody else Owns the private keys if that was in the Term service of FTX exactly what they Were doing Then it it really would have been on the Customers for signing that term to Service there's no regulation on the Terms of service we need to make it to Where people who are putting money on a Third party exchange that part of this Term Services is even though it's on the Exchange The user still owns those funds that's Why everybody's screwed right now who Lost all the money because it became the Exchanges funds That's crazy I think talking about FTX Us specifically when it comes to Gary Ginsler uh SEC commissioner there's no One in the United States who has heard Investors more and cost more people Money than Gary ginsler he hasn't done
His job his entire job is regulation and He hasn't done any literally zero and he Outright says oh well the regulations Done back in 1933. repeated with a broad Brush obviously computers were created Uh his hairline might may have been Created back then but uh you know he he Certainly uh you know may have been Around but most of us weren't around in 1933 uh Byron Donald's who's my favorite Congressman uh he actually talked about This in a hearing and he said uh to Gary Ginsler you know they painted with a Broad brush in 1933 because they were Just getting started by 2023 90 years Later we should be able to have some Clarity and be more specific about this Stuff digital assets were not in the Brain of anyone who was creating uh the Regulation back then because Gary Ginsmore has refused to do Clarity or Provide Clarity regulation this is push Companies offshore like to the Bahamas I Noticed that on your um on your Presentation earlier you were talking About minimum Capital requirements well The Bahamas had been home Capital Requirements with FTX they literally Chose to I'm sure it was a bride they Chose to ignore it they didn't have Minimum Capital requirements for ftxy Because fgx didn't actually have the Money obviously we know now right Um so they got pushed offshore to a
Government and they could run over and They could ride and they could get Advantage from uh whereas if the United States had the regulation even if it was Somewhat tough they at least have Guidelines to go by it's the lack of Clarity and that's why I'm saying so Terrifying this is why it's terrifying The lack of clarity the lack of Regulation This is what causes the collapse the Governments are causing the collapses The United States government led by Gary Ginsler is exactly why FDX collapsed it Was not held to the same standard that Everything else is that is uh you know In the United States you always have Some companies that want to do stuff Offshore that's okay but most Americans Are not going to be able to use those Platforms unless they you know go go Around what's allowed use vpns use Someone else's passport whatever it Might be so most Americans are actually Protected Um and you know once again what I was Telling you guys earlier hear about your Citizens protect your citizens but don't Be a wolf inch of clothing and pretend You care and talk about you care but Actually be working in the background Against the crypto companies and against Your own citizens because that's what The United States is doing I think we're
Actually probably major changes uh you Know in in uh the the government in Terms of elections in the next two years Because the ball has been dropped so Badly [Music] Thank you [Music] Foreign [Applause] [Music]